Second-hand Market in cardiac arrest ?

[Amazon]

As I’m looking to buy a 2023/2024 taycan or taycan 4s, I’m trying to figure out what would be the trade in values of those cars today (if I wanted to get rid of it quickly in case of a technical issue) or in the next 4 to 5 years.

You guys may know such websites as autohero or « vendez votre voiture ». You just give the basic informations about the car you want to sell and the web site gives you a number based on what car dealers and resellers in Europe are willing to give you for it.

It works quite well and it gives you a price in no time.

To give an exemple, I’m trying to sell a bmw 435i of 2015 and it gave me a final offer of 20k.

So far so good.

So I tried to do the exact same thing with a 2023 taycan 4s I’m looking to buy to see what offer I’d get if I sold it tomorrow.

Well, first I did not get any generated offer. Nada, nitch.

Then I received an email stating the car was being auctionned during the next 48 hours and that I would received all the bids put by resellers.

Well you know what ? Today, I have an email which states this : 3 views (for the all EU market) and 0 bid. None. Not even an offer of 5k.

So my question is this : what the hell is going on with the EV (taycan) Market ?

Are these cars unsaleable ?

If Porsche does not want to take back the car it sold you a few years before, what will be your options ?

This is insane.

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[d00d]

If you have to care about resale value, you may want to instead look at cars that retain that.

 

[whitex]

Well you know what ? Today, I have an email which states this : 3 views (for the all EU market) and 0 bid. None. Not even an offer of 5k.

Sounds to me like you missed an opportunity to buy a Taycan for 5k! Worst case depreciation over a decade - 5k!

 

[D00notD00d]

My take.

Expect a ‘sell’ value of 40% of list price at 4 yrs old (confirmed); 30% at 5 years old; 20% at 6 years old; 10% at 7 years old, 0% at 8 years old.
Unfortunately I bought at 75% of list price at 2.5 years old, when demand was much different.

My Taycan is a couple of years newer than my Cayenne but will soon cross over and become worth less the ICE Cayenne. In the unlikely event something serious affects the 600 mile range Cayenne that isn’t covered by its Porsche warranty, any Porsche specialist can maintain it.

At some point the cost of a used Taycan, plus an annual warranty, and gambling on the risk of having to spend £40k replacing a battery, or scrapping the car, may become better value than buying new or nearly new and suffering depreciation. In 2028, a worthless 2020 Taycan won’t be much different to a MY 2025 Taycan.

Unless the repair risk economics become such that Porsche is able to underpin longevity and resale value, by offering reasonably priced EV battery insurance beyond 8 years.

If value retention is something you care about, don’t buy an EV, especially not a premium brand EV.

For the price of 23/24 Taycan you could have a new or newish Tesla Model 3 plus a decent 911 or Cayman.

 

[MrJones02]

Those websites where they show a price for your used car are pretty useless, cerainly for cars worth > 50K. They often show an inflated price, just to get you to come to one of their dealers ... once you are there they go like, hmm, yea, hmm, here's a scratch, oh it doesnt have "some random option", the engine sounds strange etc etc
They then proceed to take some pics of the interior and exterior, put it up on their auction-site where only used-car dealers can bid on ... they just put in some lowball offers, lets say the highest offer was 10K, they will then tell you they can can offer you 9K for the car ... while the website showed you maybe 15K.

Selling a 2023 4S taycan isnt going to be easy, in Belgium it better be a car with VAT deductible, it will require a substantial discount compared to a new one (and not compared to the list price of a new one, they can be had with nice discounts already) ... those with plenty of money will just buy a new one, those with less money may go for a slightly older car.

If value retention is what you want, dont get a premium EV ... or get one that already took a massive depreciation.

 

[RAHRCR]

If you need a “dump and run” option for your car, I would suggest that the Taycan is not for you.

 

[W1NGE]

As I’m looking to buy a 2023/2024 taycan or taycan 4s, I’m trying to figure out what would be the trade in values of those cars today (if I wanted to get rid of it quickly in case of a technical issue) or in the next 4 to 5 years.

You guys may know such websites as autohero or « vendez votre voiture ». You just give the basic informations about the car you want to sell and the web site gives you a number based on what car dealers and resellers in Europe are willing to give you for it.

It works quite well and it gives you a price in no time.

To give an exemple, I’m trying to sell a bmw 435i of 2015 and it gave me a final offer of 20k.

So far so good.

So I tried to do the exact same thing with a 2023 taycan 4s I’m looking to buy to see what offer I’d get if I sold it tomorrow.

Well, first I did not get any generated offer. Nada, nitch.

Then I received an email stating the car was being auctionned during the next 48 hours and that I would received all the bids put by resellers.

Well you know what ? Today, I have an email which states this : 3 views (for the all EU market) and 0 bid. None. Not even an offer of 5k.

So my question is this : what the hell is going on with the EV (taycan) Market ?

Are these cars unsaleable ?

If Porsche does not want to take back the car it sold you a few years before, what will be your options ?

This is insane.

Rent it!

 

[Horizontally Opposed]

Buyer’s market.

My 39mo. lease is based on a 50% residual. Not sure if I will buy it or not, but if so I plan to offer wholesale price (which is all Porsche can get if they take it back, so why offer more?).

If they don’t accept it I’ll move on to something else.

 

[Amazon]

First of all, thanks to all for your answers.

I’ ve contacted the dealer to ask for a renting or leasing proposition with a 30% option at the end of the contract.

If I take their offer, which I won’t, I would just pay the full price in monthly payments.

In other words, Porsche values the car at then end of the contract at 0 euro. And if I was to buy it, I would still have to fork out another 30%. Total cost would be 130%.

I guess you have it. Even Porsche thinks its car are worthless after 6 years (car is 1 year old and the contract is 5 years).

 

[Taycanfamily]

My dealer didn't want our 2022 back even after a 50% haircut.

 

[slothinker]

0% at 8 years old? Sounds like I'm getting a second '22 Taycan in 2030!

Just extended my warranty to 10 years. I've read that the average cost of owning a newer car is about $10,000/year. (I assume that doesn't count interest.) I'd say in regard to the RWD models at least, it's a good deal despite worst-case depreciation.

In the U.S. if you could pick up a 2020 Taycan for under $25K in, say, 3 years, you'll also qualify for a $4,000 tax write-off.

 

[McgR]

As I’m looking to buy a 2023/2024 taycan or taycan 4s, I’m trying to figure out what would be the trade in values of those cars today (if I wanted to get rid of it quickly in case of a technical issue) or in the next 4 to 5 years.

You guys may know such websites as autohero or « vendez votre voiture ». You just give the basic informations about the car you want to sell and the web site gives you a number based on what car dealers and resellers in Europe are willing to give you for it.

It works quite well and it gives you a price in no time.

To give an exemple, I’m trying to sell a bmw 435i of 2015 and it gave me a final offer of 20k.

So far so good.

So I tried to do the exact same thing with a 2023 taycan 4s I’m looking to buy to see what offer I’d get if I sold it tomorrow.

Well, first I did not get any generated offer. Nada, nitch.

Then I received an email stating the car was being auctionned during the next 48 hours and that I would received all the bids put by resellers.

Well you know what ? Today, I have an email which states this : 3 views (for the all EU market) and 0 bid. None. Not even an offer of 5k.

So my question is this : what the hell is going on with the EV (taycan) Market ?

Are these cars unsaleable ?

If Porsche does not want to take back the car it sold you a few years before, what will be your options ?

This is insane.

I also tried this website when I wanted to sell may Taycan and they were not interested. Some story no offers. For previous cars it worked really well god off within a few hours.
Official dealers offered 1/3 of the new price after 2 years. Second hand dealers in my town were not really interested to buy it. So if you want to get rid of it quickly you will loose a lot of money.

I had an operational renting and could return it to the lease company after 2 years and only cost me a bit. Guess the figured out that all repairs after 2 years were for them now.

 

[McgR]

Buyer’s market.

My 39mo. lease is based on a 50% residual. Not sure if I will buy it or not, but if so I plan to offer wholesale price (which is all Porsche can get if they take it back, so why offer more?).

If they don’t accept it I’ll move on to something else.

That is a really good deal for you. Lease companies in Europe are getting into trouble because of the miscalculation of residuals for EV.

 

[laua]

Regarding that no bid situation, if anyone wants to offload a Taycan for $5k, just PM me. So please do count one bid in the used market.

 

[Amazon]

I also tried this website when I wanted to sell may Taycan and they were not interested. Some story no offers. For previous cars it worked really well god off within a few hours.
Official dealers offered 1/3 of the new price after 2 years. Second hand dealers in my town were not really interested to buy it. So if you want to get rid of it quickly you will loose a lot of money.

I had an operational renting and could return it to the lease company after 2 years and only cost me a bit. Guess the figured out that all repairs after 2 years were for them now.

1/3 after 2 years ? Porsche dealers sell them back for 55 to 64% of their new price.

I really want a taycan but all of this is insane. I wonder if at least the dealer could agree in advance and by contract to take back my car on let’s say 4y for at least 20%.

Does anyone has ever tried that ? Renting or leasing are way too expensive. I’ve just made a simulation with a tesla model 3 and the numbers do work. For a renting, you do not pay in monthly payments the fullretail price of the car. So the option at the end of the contract is indeed an option and not a rip off. Why Porsche can’t manage to do the same is beyond my understanding. Porsche does not believe in its own product.[/QUOTE]

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