I live in a small EU country and our local Porsche dealer recently received a new 2024 J1.2 Taycan Turbo (dealer-spec). It has been used as a demo and has 300km on the clock. It has a list price of €215k (full config below), similar price to the exact same configuration in Germany. I went for a test drive and shortly after they offered me a 26% discount to €155k. I know this is a lot of money but it seems like a bargain at that price and will surely offset a chunk of the depreciation. Is receiving this big of a discount on a brand new Porsche Taycan very unusual, anything to look out for? https://configurator.porsche.com/porsche-code/PSR327J6
Dealers can’t sell them at full price because of depreciation. Leasing it would be the best option from a price perspective.
Jonah said:
Dealers can’t sell them at full price because of depreciation. Leasing it would be the best option from a price perspective.
Thanks, everyone is saying lease but I don’t understand the lease argument. If I lease then I presume I’m just paying off the expected depreciation over the period of the lease plus some fees. I get there is an opportunity cost in that I could have invested that capital in something else and also that it’s far easier to just hand back the keys than to try sell but I feel like I must be missing something about leasing?
@Dale
The lease makes sense because of the large initial discount. In a lease you are paying the difference between the sales price and some residual value. If a 100k car has a residual of 55k you must pay 45k over the term. Because Porsche is taking 25k off the sales price you now are only paying 20k to drive the car for the lease term. If you purchased this same car you would need to pay 75k over some term. Sure you own the car but unless you sell this car for more than 55k, the lease was better. In both cases you are putting money in the driveway that could be somewhere else. Hope this helps!
@Jonah
In this case the lease also helps you because Porsche’s depreciation model for the Taycan is overly optimistic (in your favor). Say, for example, that their chart says that the car will be worth 61% of its MSRP after a lease of 2 years. That’s 131k. In reality, the 2024 Taycan is already depreciating like a rock (it’s down to 74% of its value after just some time as a demo!) and the huge 2025 upgrades make the 2024s even less desirable. If you bought the car it would absolutely be worth less than 131k in 2 years, so you’d take a much bigger loss selling it or trading it in. If you lease, you know exactly what you are going to pay and you know that you can get out of this car (which, let’s be honest, is not a car you are going to want to own out of warranty) without taking a major financial hit. I leased an RS e-tron GT (essentially an Audi-badged Taycan Turbo) for exactly this reason.
@Charlie
It’s a J1.2 model which I assume has all the latest upgrades.
@Jonah
That is just not the case in Europe. You will be expected to spend during the lease term around 55k euro if not more. That’s just crazy it’s a whole other car without having anything after 3 years of payment. Paying 20k euro for 2 years that is unheard of here in Europe for Porsche unless I am missing something. Talking just about the Porsche finder of course
@Finch
Thank you, but can you clarify what you mean by ‘Paying 20k euro for 2 years that is unheard of here in Europe’ - do you mean 20k depreciation in 2 years is unheard of on Taycans in Europe or Porsche in general or something else?
@Dale
The EV technology is kind of risky. Imagine they bring out a 1500km battery and make this range the new standard. Then the current ones are worth nothing. That’s why I personally prefer leasing on EVs.
@Shay
This will never happen. There isn’t any marginal value in such a huge range. Instead, use 1/2 of that new battery to cut battery price in half and reduce weight making range even longer and the same motors faster for the lower weight. Also, if that new battery exists in the future, you can retrofit it into your old car. Cheap instant like new refresh. Beyond that, long-term data shows that the battery management and chemistries are so good that most batteries last far longer than expected when the EV revolution started. I would expect most people get 150-200k miles out of most EV batteries.
@Sam
It was an example of why the depreciation on EVs is much higher than on combustion cars. Chill
Shay said:
@Sam
It was an example of why the depreciation on EVs is much higher than on combustion cars. Chill
But it’s literally not in the top 5 reasons of why they are depreciating.
@Kirin
Again: chill man!
Is this always your reply when someone disagrees with you? Are you a child?
Is this always your reply when someone disagrees with you? Are you a child?
Is this always your reply when someone isn’t interested in your little made-up fight? Are you a child?
@Shay
Made-up fight. Also known as a discussion… but I guess children don’t have those, they have fights.
Kirin said:
@Shay
Made-up fight. Also known as a discussion… but I guess children don’t have those, they have fights.
It seems like this discussion isn’t leading anywhere productive. Maybe let’s focus back on the original topic about the Taycan’s leasing and depreciation concerns?
Lease it
I remember when every dealer on the west coast US wanted 20-30k markup on allocations. Glad they’re taking a bath on them now. The extreme greed needs to be punished!
The depreciation is very high. I own a GTS and lost something like 40k of reselling value in the first 12 month. And the GTS was also a dealer vehicle with just about 1000km on it. List price would have been 176k and I got it for 142k. So from my side another: lease it!