Should I Buy a Used Taycan or Opt for a Lease on a New One?

From my experience, after extending my initial Taycan lease, I found leasing a CPO Taycan more financially sensible than the current lease offers for new models. The residual costs at the end of a lease are often higher than buying a used model outright. Leasing gives you flexibility with lower upfront costs compared to purchasing.

Leasing might seem like not losing money, but it’s essentially just renting. You end up with nothing.

Tician said:
Leasing might seem like not losing money, but it’s essentially just renting. You end up with nothing.

Leasing a luxury EV doesn’t compare to buying property since cars typically depreciate. It’s about managing financial loss, and leasing gives you the flexibility to own the car at the end if you choose.

@San
Either way, it feels like a loss. Each lease just leads to another rental agreement. It’s an endless cycle.

I’m open to hearing all sides on this topic, despite some comments being deleted.

jerkitup said:
I’m open to hearing all sides on this topic, despite some comments being deleted.

No issue really, I’m open to different opinions.

The Taycan isn’t great as a family car. It’s often in the shop for recalls and maintenance, and it’s quite cramped. If you need a family-friendly EV, consider a Tesla for its reliability and spacious interior. Taycans are more for those without kids who want something flashy.