Second-hand Market in cardiac arrest ?

[Freeewilly]

Porsche is offering a $22,500 discount off 2024 Taycan leases | Electrek

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[Jonathan S.]

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.

I hereby outbid you at $5,000.01!

 

[Jonathan S.]

Porsche is offering a $22,500 discount off 2024 Taycan leases | Electrek

“Porsche is offering up to a $22,500 discount off the MSRP on 2024 Taycan EV leases, but before you get too excited, let’s check the fine print.”
And that article didn’t even mention the de facto interest rate.

 

[Jonathan S.]

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

You mean one particular dealer had no interest in paying you cash for a Taycan or…?

 

[Jonathan S.]

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.

Have you learned nothing from the extensive Man Maths expositions at this forum? When you learn of the low wholesale used prices for the Taycan, that is exactly when you SELL your Taycan. So as to save money.

 

[Amazon]

You mean one particular dealer had no interest in paying you cash for a Taycan or…?

I'm not surprised as for a 2022, an official dealer will barely resale it at 50% to its value ; and the dealer has to make a profit.

 

[Jonathan S.]

“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 ?”

Tried? Perhaps.
Successfully so? No.

 

[Amazon]

“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 ?”

Tried? Perhaps.
Successfully so? No.

That would be my guess indeed. After all, this is why leasing and renting exist but in the case of the taycan, leasing and renting companies have apparently realized that it's way too risky to even consider that someone could buy a 6+ years taycan for more than a iPhone 8 form 2020.

 

[refazi]

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.

i saw one yesterday with 34% residual on a 39 month lease for a MY2023 ex loaner 0 previous owners 1300 miles... dealers are delusional and tried to pitch me a $2200/m price which is higher then a 135k MSRP MY25 taycan... very delusional dealers.

 

[Horizontally Opposed]

That’s a good one!

 

[laua]

I see Jaguar just issued a recall on IPace due to LG folded anode issues again, capping out the battery at 80% and asking owners to charge out doors. I’m dreading the day for the Taycan given the use of LG cells. Can’t be good for residual values…

 

[Caraholic]

I see Jaguar just issued a recall on IPace due to LG folded anode issues again, capping out the battery at 80% and asking owners to charge out doors. I’m dreading the day for the Taycan given the use of LG cells. Can’t be good for residual values…

don’t worry that has already happened to the Taycan. It’s the cell block module recall

 

[Taycanfamily]

You mean one particular dealer had no interest in paying you cash for a Taycan or…?

That is correct. Didn't want the car back. A dealer from whom I've bought a ton of Porsches from. Dealer offered to take it in on consignment only.

 

[RacingDuck]

I tried selling my Ioniq 5 via a German website and they told me, there is not enough interest and they can't buy it.
Their slogan is pretty much: we buy any car for a reasonable price.

Carwow offer was horrendous as well.

Sold it after 3 months to a private buyer.

People don't understand EVs and much less used EVs, the market is pretty bad for sellers I'd say - at least in Germany.

 

[Jonathan S.]

That is correct. Didn't want the car back. A dealer from whom I've bought a ton of Porsches from. Dealer offered to take it in on consignment only.

What were the consignment terms? Seems like that could be an ideal arrangement.

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