Porsche’s valuation of Taycan

[Alemany]

I have a 2021 Taycan Turbo S. I consider my car fantastic as a mechanical car but an amazing blunder as an EV. In fact, my car would be classified beta testing if it was just software.

The first 18 months were horrible. Every time I share my experience here, the cult rises in arms saying how dare I criticize Porsche. Very frustrating. Fact is I confirmed today that even Porsche thinks low of the car. Most Porsches hold on their value pretty good. Some actually appreciate in value. The Taycan, as valued by Porsche, not a third party, has dropped precipitously. Porsche itself recognizes how not ready for prime time that model was and how many nonstop issues we have with it. With a few people that have no issues - the minority.

I am looking at a 911 GT3 and Porsche gives me barely 45% of the cost of the car after about 2 years and 20k miles.. It’s like I bought a Camry with a Porsche logo. When Porsche itself devalues the car, there is no doubt this car was not ready for production.

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[007]

All I can say is that prices are now dropping across the board… not exclusive to the Taycan. Something worth watching:

 

[Hanny]

Yup, ALL EV’s are taking a hit, add that the market is becoming swamped with 3 yr or less EV’s. Whats made it a more over bitter pill to swallow is that the car market got silly with shortage of chips and prolonged delivery that allowed the car industry to keep prices high……the Taycan is one of the higher depreciators for Porsche and many on this forum are in that black cloud which has been further plagued with early teething faults, some worse than others.

Can’t see a magic wand for any of this except to drive the hell out it and at least enjoy the money spent.

 

[PanameraFrank]

I just laughed. Come on, get real.

The Taycan is amazing.

Luxury 4 door sedans are THE WORST cars for residual value, they are notorious for absolutely tanking in value when you drive off the lot.

Compared to other luxury 4 door sedans, the Taycan is actually holding up quite well for residuals. '21 Turbo S Taycans are still easily selling for 65%+ of MSRP, which is not bad at all for the segment.

If someone is offering you 45% there is something wrong with your car and/or they're attempting to rip you off. Trade in value also isn't equal to car value. Try to trade in a 21 RS6 if you want a fun comparison.

 

[Dabz]

Seems to me that too many people bought a Taycan without fully thinking through the likely depreciation of a first generation EV from a brand where you pay extra for the bonnet badge

 

[smohr33]

I am looking at a 911 GT3 and Porsche gives me barely 45% of the cost of the car after about 2 years and 20k miles.. It’s like I bought a Camry with a Porsche logo. When Porsche itself devalues the car, there is no doubt this car was not ready for production.

Rest assured, a 2 year old 20k mile Camry has a much higher residual value than 45%.

I sold my first Taycan for more than I paid for it. Worlds a bit different now.

The $100k+ sedan market isn't exactly known for high residuals. Maybe do the Camry next time.

 

[hitmonlee]

When you say "Porsche gives me 45%" did you mean a Porsche dealer? That's just the current market and not relevant to how Porsche the manufacturer "values the Taycan", if it's even a thing.

 

[Jasper4S]

I'm sorry for your experience. I'm not sure what you want to achieve with this thread on a Taycan forum with Taycan enthusiasts.

If I look at your list of owned vehicles, and you are thinking about a 911 GT3. I think you won at life. I envy you - in a good way. You have too many nice vehicles waiting for you in the garage to be complaining to strangers on the internet.

 

[Alemany]

Yup, ALL EV’s are taking a hit, add that the market is becoming swamped with 3 yr or less EV’s. Whats made it a more over bitter pill to swallow is that the car market got silly with shortage of chips and prolonged delivery that allowed the car industry to keep prices high……the Taycan is one of the higher depreciators for Porsche and many on this forum are in that black cloud which has been further plagued with early teething faults, some worse than others.

Can’t see a magic wand for any of this except to drive the hell out it and at least enjoy the money spent.

I do enjoy driving it…. When it can be driven. And will cobrinier to do so, it’s fun!. But sad to see the Porsche name associated with such defective product.

 

[Alemany]

I just laughed. Come on, get real.

The Taycan is amazing.

Luxury 4 door sedans are THE WORST cars for residual value, they are notorious for absolutely tanking in value when you drive off the lot.

Compared to other luxury 4 door sedans, the Taycan is actually holding up quite well for residuals. '21 Turbo S Taycans are still easily selling for 65%+ of MSRP, which is not bad at all for the segment.

If someone is offering you 45% there is something wrong with your car and/or they're attempting to rip you off. Trade in value also isn't equal to car value. Try to trade in a 21 RS6 if you want a fun comparison.

?? it was the dealer I bought it from who know all the times it’s been in for repairs since day 2. But check residual value of taycans turbo S. 65% is beyond a dream.

 

[Vercingetorix]

I heard Rolex can now be had used below new retail! The end is near.

 

[Alemany]

Seems to me that too many people bought a Taycan without fully thinking through the likely depreciation of a first generation EV from a brand where you pay extra for the bonnet badge

Or understanding how terribly defective the majority of Taycans are.

 

[Alemany]

When you say "Porsche gives me 45%" did you mean a Porsche dealer? That's just the current market and not relevant to how Porsche the manufacturer "values the Taycan", if it's even a thing.

It is a Porsche dealer. It is Porsche valuing my car. Fact. Not desires or dreams.

 

[Vercingetorix]

It is a Porsche dealer. It is Porsche valuing my car. Fact. Not desires or dreams.

Why don’t you plug your car into an online estimator?

 

[Alemany]

Why don’t you plug your car into an online estimator?

I heard your pov, everybody knows the car is terrible as an EV.

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