What has happened to used Taycan prices?

[TaycanBoss]

Hi guys i ordered a Taycan RWD 2 months and looking at WBAC and Motorway valuations it looks like the used prices have absolutely tanked by £10k+ compared to what they were 2 months ago. Autotrader used car prices appear unchanged. Has anyone got an idea the reason for this?. I am also thinking of cancelling now because of this. I purchased the car via a distance sale on finance and put down a £5k deposit.

Is the cut off for cancelling with full deposit refund 14 days after taking delivery of the car?

Cheers in advance

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[Jhenson29]

You want to cancel your new car because of used car prices over the last two months?

 

[gdavison]

Check with your OPC, however generally in the UK the deposit is fully refundable UNTIL you have locked in final config and received a manufacturing allocation date.

I have never heard of anyone " cancelling with full deposit refund 14 days after taking delivery of the car "

 

[Midlifecrisis]

Why would you cancel because WBAC valuation has dropped? Are you just buying for immediate sale (and hoping to turn a profit) rather than to own/drive it?

 

[TaycanBoss]

Check with your OPC, however generally in the UK the deposit is fully refundable UNTIL you have locked in final config and received a manufacturing allocation date.

I have never heard of anyone " cancelling with full deposit refund 14 days after taking delivery of the car "

Do you normally get a notification of the final config and allocation date?. I ordered in Dec 2021

 

[TaycanBoss]

Why would you cancel because WBAC valuation has dropped? Are you just buying for immediate sale (and hoping to turn a profit) rather than to own/drive it?

I planned to keep it for 12-18 months as going by the research i had done the depreciation should have been very small. I did not anticipate losing £13k the moment i drove the car out of the dealership as you would with most cars

 

[batteredhaddock]

I suspect that world events have put somewhat of a dampener on confidence. I’m certainly even more apprehensive on signing a large finance PCP in the next few weeks (though residuals are a known worst case in that instance with the final value). But, you only live once and for me this will be the “big one” as funds after this will revert to trying to have some hope of retirement ?

 

[AlexR]

Dude WBAC make a profit and are not set up for £110k+ Porsches. Just look at Porsche website and you will see. Take £5k to £10k off that and I would guess that's roughly what you would get selling.

Used values are insane...

 

[Archimedes]

I planned to keep it for 12-18 months as going by the research i had done the depreciation should have been very small. I did not anticipate losing £13k the moment i drove the car out of the dealership as you would with most cars

Yeah, I think assuming you were going to have little depreciation on a Taycan was wishful thinking.

I guess you really aren’t super excited about getting one.

 

[VOLT4GE]

Hi guys i ordered a Taycan RWD 2 months and looking at WBAC and Motorway valuations it looks like the used prices have absolutely tanked by £10k+ compared to what they were 2 months ago. Autotrader used car prices appear unchanged. Has anyone got an idea the reason for this?. I am also thinking of cancelling now because of this. I purchased the car via a distance sale on finance and put down a £5k deposit.

Is the cut off for cancelling with full deposit refund 14 days after taking delivery of the car?

Cheers in advance

A year ago, my 4S was $130k and now it’s going for $135k with low mileage at dealerships.

 

[Murph7355]

Don't buy cars expecting little/no depreciation. Doubly so if you're buying on finance. If they end up that way, you're lucky.

Have you bought through an OPC? If they haven't given you an allocation and a lock date then you can get your deposit back at any time.

If you bought through other channels you'll need to check your contract.

 

[Jamesca]

It seems WBAC have dropped prices over the last few weeks across the board.

They are always demand led and so with the current Ukraine situation and it’s impact then it’s not a shock that they are planning on demand dropping for a period.

Ironically the same issues means new cars will continue to be delayed etc and so we should see used car prices hold firm and may even continue to increase. But market is volatile so who knows.

For peace of mind check OPC and other specialist prices to see what asking prices are as an indicator.

 

[Fish Fingers]

webuyanycar are wholly owned by British Car Auctions (BCA). Its how they source a lot of their stock.

They will have sophisticated algorithms to price what they want at any given time. I doubt currently that they want to be buying a load of £100k+ cars (of any brand) for obvious reasons and have priced accordingly.

By contrast, I was at my Porsche dealership last Saturday and they said they can't get enough used Taycans (due to the long wait list for new) and they are all selling over rrp.

Really surprised OP is basing his whole Taycan buying decision on WBAC etc used prices ?

 

[CygnusX-1]

I planned to keep it for 12-18 months as going by the research i had done the depreciation should have been very small. I did not anticipate losing £13k the moment i drove the car out of the dealership as you would with most cars

with all the other stuff going on in the world, if you’re this sensitive to resale value, I suggest cancelling to avoid potential disappointment.

 

[W1NGE]

Hi guys i ordered a Taycan RWD 2 months and looking at WBAC and Motorway valuations it looks like the used prices have absolutely tanked by £10k+ compared to what they were 2 months ago. Autotrader used car prices appear unchanged. Has anyone got an idea the reason for this?. I am also thinking of cancelling now because of this. I purchased the car via a distance sale on finance and put down a £5k deposit.

Is the cut off for cancelling with full deposit refund 14 days after taking delivery of the car?

Cheers in advance

They are sharks!

Dealers are selling good spec MY21 4S cars registered in Q4 2021 for around £110K - that is high.

On a trade I'd expect £95K+

If anything prices will remain high given shortages and long lead times (18 months+ for some models).

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