Taycan 4S Cross Turismo

Taycan 4S Cross Turismo

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Discussion

Montcoffer

215 posts

195 months

Wednesday 2nd June 2021
quotequote all
Is anyone buying a Taycan CT with their own money?
I,m waiting for my OPC to get a car in, due July I,m going to be so tempted to change my 991.
Never used PCP or lease and now my wife isn’t self employed it seems all the advantages for tax are lost.
I have to admit buying outright seems risky with EV car’s advancing so quickly I feel you could be left with an outdated car after a few years with residuals falling massively.
Despite all that the car looks amazing, playing with configuration I reckon I can build a great spec base CT4 for £90k

ds666

2,643 posts

180 months

Wednesday 2nd June 2021
quotequote all
Montcoffer said:
Is anyone buying a Taycan CT with their own money?
I,m waiting for my OPC to get a car in, due July I,m going to be so tempted to change my 991.
Never used PCP or lease and now my wife isn’t self employed it seems all the advantages for tax are lost.
I have to admit buying outright seems risky with EV car’s advancing so quickly I feel you could be left with an outdated car after a few years with residuals falling massively.
Despite all that the car looks amazing, playing with configuration I reckon I can build a great spec base CT4 for £90k
Any lease cost must factor-in depreciation as the lease company is taking the risk too .
Why not just lease and then you know exactly where you will be after the term ?

Grr_Boris

123 posts

37 months

Wednesday 2nd June 2021
quotequote all
Montcoffer said:
Is anyone buying a Taycan CT with their own money?
I,m waiting for my OPC to get a car in, due July I,m going to be so tempted to change my 991.
Never used PCP or lease and now my wife isn’t self employed it seems all the advantages for tax are lost.
I have to admit buying outright seems risky with EV car’s advancing so quickly I feel you could be left with an outdated car after a few years with residuals falling massively.
Despite all that the car looks amazing, playing with configuration I reckon I can build a great spec base CT4 for £90k
Yes, mine will be a private purchase. Will need to look at the numbers to decide between PCP or Personal hire.

Montcoffer

215 posts

195 months

Wednesday 2nd June 2021
quotequote all
ds666 said:
Any lease cost must factor-in depreciation as the lease company is taking the risk too .
Why not just lease and then you know exactly where you will be after the term ?
It’s a fair point, even if I end up still buying checking lease deals will be a good indicator on residual expectations, thanks

Montcoffer

215 posts

195 months

Wednesday 2nd June 2021
quotequote all
Grr_Boris said:
Yes, mine will be a private purchase. Will need to look at the numbers to decide between PCP or Personal hire.
Be good to hear what you decide

SWoll

18,478 posts

259 months

Wednesday 2nd June 2021
quotequote all
Montcoffer said:
Grr_Boris said:
Yes, mine will be a private purchase. Will need to look at the numbers to decide between PCP or Personal hire.
Be good to hear what you decide
3 year, 30k mile costs are pretty much exactly 50% of list across all models based on a quick check on leasing.com. PCP works out the same once you crunch the numbers.

All a question of if you think 50% retained is good or bad? My immediate reaction is that it looks rather pessimistic, but used EV prices are an unknown quantity at the moment so who can guess what the next 3 years might bring.

Be interesting to see what adding options does to the PCP figures, I assume as with PCH it adds nothing to the residual value calculation?

Edited by SWoll on Wednesday 2nd June 14:16

JJMatrixx

751 posts

160 months

Wednesday 2nd June 2021
quotequote all
Do you need the sport chrono for Sport +? If so, surely that makes this an essential option?

On my 911s (GT3, RS, GTS), it was either standard or just part of the full tilt setting.

SWoll

18,478 posts

259 months

Wednesday 2nd June 2021
quotequote all
JJMatrixx said:
Do you need the sport chrono for Sport +? If so, surely that makes this an essential option?

On my 911s (GT3, RS, GTS), it was either standard or just part of the full tilt setting.
That was my take on it yes. Seems to be confirmed below.


JJMatrixx

751 posts

160 months

Wednesday 2nd June 2021
quotequote all
SWoll said:
JJMatrixx said:
Do you need the sport chrono for Sport +? If so, surely that makes this an essential option?

On my 911s (GT3, RS, GTS), it was either standard or just part of the full tilt setting.
That was my take on it yes. Seems to be confirmed below.

Active aero? Anyone know what's active? Need to get myself down my OPC.

Upperworks

1,242 posts

153 months

Wednesday 2nd June 2021
quotequote all
21ATS said:
This swings it for us if it is indeed the case we can write down £19,000 per car in year one against CT.
are they not subject to the new super deduction of 130% giving and effective saving of just under £25k, not £19k based on £100k list?

Grr_Boris

123 posts

37 months

Wednesday 2nd June 2021
quotequote all
SWoll said:
3 year, 30k mile costs are pretty much exactly 50% of list across all models based on a quick check on leasing.com. PCP works out the same once you crunch the numbers.

All a question of if you think 50% retained is good or bad? My immediate reaction is that it looks rather pessimistic, but used EV prices are an unknown quantity at the moment so who can guess what the next 3 years might bring.

Be interesting to see what adding options does to the PCP figures, I assume as with PCH it adds nothing to the residual value calculation?
Certainly on Porsche's own Finance calculator, adding options does not change the residual value figure.

SWoll

18,478 posts

259 months

Wednesday 2nd June 2021
quotequote all
JJMatrixx said:
Active aero? Anyone know what's active? Need to get myself down my OPC.
https://newsroom.porsche.com/en/products/taycan/ae...

SWoll

18,478 posts

259 months

Wednesday 2nd June 2021
quotequote all
Grr_Boris said:
SWoll said:
3 year, 30k mile costs are pretty much exactly 50% of list across all models based on a quick check on leasing.com. PCP works out the same once you crunch the numbers.

All a question of if you think 50% retained is good or bad? My immediate reaction is that it looks rather pessimistic, but used EV prices are an unknown quantity at the moment so who can guess what the next 3 years might bring.

Be interesting to see what adding options does to the PCP figures, I assume as with PCH it adds nothing to the residual value calculation?
Certainly on Porsche's own Finance calculator, adding options does not change the residual value figure.
Makes for a very expensive 3 year lease cost. Are we really supposed to believe that a car with £15k of options is going to be worth no more than a standard car at 3 years/30k miles. Surely even 33% retained value would be more like the truth?

Grr_Boris

123 posts

37 months

Wednesday 2nd June 2021
quotequote all
SWoll said:
Makes for a very expensive 3 year lease cost. Are we really supposed to believe that a car with £15k of options is going to be worth no more than a standard car at 3 years/30k miles. Surely even 33% retained value would be more like the truth?
Sorry I was referring to a PCP, where the guarantee residual would be the same, but where obviously you'd hope that the options means you retained some extra value above the GMFV which you could put towards the next car.

Not sure how this changes with HP.

JJMatrixx

751 posts

160 months

Wednesday 2nd June 2021
quotequote all
SWoll said:
Makes for a very expensive 3 year lease cost. Are we really supposed to believe that a car with £15k of options is going to be worth no more than a standard car at 3 years/30k miles. Surely even 33% retained value would be more like the truth?
Yeah, it's total BS but seems to be just how it is.

JJMatrixx

751 posts

160 months

Wednesday 2nd June 2021
quotequote all
SWoll said:
JJMatrixx said:
Active aero? Anyone know what's active? Need to get myself down my OPC.
https://newsroom.porsche.com/en/products/taycan/ae...
Thanks...interesting!

I assume if you don't go for it, you can use a shortcut button on the steering wheel to switch between driver modes?

21ATS

Original Poster:

1,100 posts

73 months

Wednesday 2nd June 2021
quotequote all
Upperworks said:
are they not subject to the new super deduction of 130% giving and effective saving of just under £25k, not £19k based on £100k list?
Cars are specifically excluded from this, it's for qualifying Plant and Machinery.

21ATS

Original Poster:

1,100 posts

73 months

Wednesday 2nd June 2021
quotequote all
SWoll said:
Makes for a very expensive 3 year lease cost. Are we really supposed to believe that a car with £15k of options is going to be worth no more than a standard car at 3 years/30k miles. Surely even 33% retained value would be more like the truth?
We've weighed up the options and certainly for us buying the cars makes sense and we're aiming for a 5 year term of ownership, possibly longer. To that end we didn't really want a balloon payment and straight HP makes more sense. We'll deposit the amount equal to the CT relief in year one on the grounds we would have been paying that out anyhow.

I'm comfortable taking a punt that these cars will have a reasonable residual. It may work out that at year 4 there's so much equity if they hold value well that we could roll them into new ones. Subject to the state of tax at the time.

I got this quote off the Lombard website today. I think this compares favourably to lease deals.


Upperworks

1,242 posts

153 months

Wednesday 2nd June 2021
quotequote all
21ATS said:
Cars are specifically excluded from this, it's for qualifying Plant and Machinery.
I stand corrected

ds666

2,643 posts

180 months

Thursday 3rd June 2021
quotequote all
I must say purchasing does look attractive based on the Lombard finance .

My big worry about buying now is that battery tech is getting better with every new launch ( e.g. i4 BMW ) , so range getting better and choice is also increasing by the week .
In 5 years the Porsche , great as it is now , may be "old hat " .