Depreciation, I lost money, I’m crying

[Watchesandburgers]

Not as exhausting as the Timer / Profile thread which must be longer now than War and Peace!

OMG why did Porsche have to make that so complicated?!? Tesla did it better.

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[TXSchnee]

My, not quite 4 year old Cayenne E Hybrid, with under 30,000 miles lost 58% of it’s value. It sucks, but it is what it is at this point. I was actually pretty shocked by the drop off, but the ‘24 is a mid cycle refresh with a much larger battery. The Taycan seems to be suffering the same fate, I view depreciation as unrealized losses, it doesn’t really matter until I am trading the vehicle in, then I am annoyed by it.

 

[WasserGKuehlt]

Yes a clickbait title

I’ve noticed all topics on this forum are hijacked by comments about depreciation to the point I’m really annoyed by it. [...]

I’m fine if you want to hijack this thread on anything related to depreciation

Say, how's your HV heater?

 

[ShiftyWolf]

I'm worried about how much my car depreciated in the time it took me to read this thread

 

[DerekS]

The depreciation has been disproportionately high on the Taycan vs any other Porsche.

We have a right to be grumpy about it.

On the flip side they are getting so cheap that people can really get a ton of car for not much money, so welcome to the club newbies who were smart enough to wait for the secondary market!

 

[DerekS]

OMG why did Porsche have to make that so complicated?!? Tesla did it better.

It's horribly over-engineered and overly confusing.

 

[Jasper4S]

The depreciation has been disproportionately high on the Taycan vs any other Porsche.

We have a right to be grumpy about it.

On the flip side they are getting so cheap that people can really get a ton of car for not much money, so welcome to the club newbies who were smart enough to wait for the secondary market!

I’m not saying we shouldn’t discus it anymore, but bringing it up every time is not necessary. For example, on “positive” threads like the Taycan GT announcement or the multiple once's about the facelift, the depreciation subject is recurring every other comment. All forum members get it, and for some it is probably really stressful. But not needed to hijack every thread.

 

[Avantgarde]

My, not quite 4 year old Cayenne E Hybrid, with under 30,000 miles lost 58% of it’s value. It sucks, but it is what it is at this point. I was actually pretty shocked by the drop off, but the ‘24 is a mid cycle refresh with a much larger battery. The Taycan seems to be suffering the same fate, I view depreciation as unrealized losses, it doesn’t really matter until I am trading the vehicle in, then I am annoyed by it.

I agree with the "unrealized" angle. What is unusual about Taycan's depreciation curve is the massive drop in the 12-24 month old range, not the 4 year old point. And it has implications on your buying/upgrade decisions. When I bought mine 4S was scarce commodity so I ended up buying a RWD thinking "I'll upgrade down the line in couple years". But with this oddity I am kind of stuck (maybe that is a harsh word, as I still love my car). Here is the other oddity: If I just moved ahead with my 911 allocation around the time I bought the Taycan 2 years ago and "lived with a 911" for 2 years (how difficult would that be!), I could now trade-in the 911 back almost for the same price I bought it for, and get a brand new Taycan now, without putting anthing on top. Vs if I try to do the same with my Taycan I will have to pay double the price. Isn't this insane? Am I the only one who is able to do math here?

 

[W1NGE]

OMG why did Porsche have to make that so complicated?!? Tesla did it better.

Stick to your Tesla I guess is a way forward.

 

[BMonte13]

When I get home from vacation I adjust the temp controls of the house, load up the laundry, and check my garage to see my baby again who I've missed oh so much. True story.

 

[DerekS]

I’m not saying we shouldn’t discus it anymore, but bringing it up every time is not necessary. For example, on “positive” threads like the Taycan GT announcement or the multiple once's about the facelift, the depreciation subject is recurring every other comment. All forum members get it, and for some it is probably really stressful. But not needed to hijack every thread.

Im going to add it to my signature.

 

[kort]

the big potential for big depreciation was the motivation for my leasing the taycan 3.25 years ago. these cars become functionally obsolete very easily and quickly.
the heavy depreciation will now become their problem.
the only effect on me is the inability to squeeze a few bucks out of the car prior to turning it in.

 

[WasserGKuehlt]

I agree with the "unrealized" angle. What is unusual about Taycan's depreciation curve is the massive drop in the 12-24 month old range, not the 4 year old point. And it has implications on your buying/upgrade decisions. When I bought mine 4S was scarce commodity so I ended up buying a RWD thinking "I'll upgrade down the line in couple years". But with this oddity I am kind of stuck (maybe that is a harsh word, as I still love my car). Here is the other oddity: If I just moved ahead with my 911 allocation around the time I bought the Taycan 2 years ago and "lived with a 911" for 2 years (how difficult would that be!), I could now trade-in the 911 back almost for the same price I bought it for, and get a brand new Taycan now, without putting anthing on top. Vs if I try to do the same with my Taycan I will have to pay double the price. Isn't this insane? Am I the only one who is able to do math here?

Not picking on you, just picking one of the messages to respond to.

For me the Taycan was a 'first' in many regards - EV, new, high price etc. I've had a lot of cars (and lost a lot of money on swapping), but usually in a much lower price bracket. As I'm getting older, I find that the next shiny thing/generation (of cars) doesn't really cause me the pining pain it used to - on the contrary, swapping cars now seems to be a chore: the hassle of selling, the stress of sorting through new prospects, wondering which new problems I'm inheriting/taking on etc.

On the other side, the calculus on the Taycan CT was: I can buy a forever-car now and forget about it, or keep pining for 2-3 years waiting for depreciation to bring it into my 'comfortable'-for-a-used-car range. I would not have paid, for instance, 80k for a second-hand CT - the diff to new price just isn't worth the hassle, the wait, the worries etc.

So yeah, I can do math - mine was: "today's a good day, fuck it."

 

[TXSchnee]

I agree with the "unrealized" angle. What is unusual about Taycan's depreciation curve is the massive drop in the 12-24 month old range, not the 4 year old point. And it has implications on your buying/upgrade decisions. When I bought mine 4S was scarce commodity so I ended up buying a RWD thinking "I'll upgrade down the line in couple years". But with this oddity I am kind of stuck (maybe that is a harsh word, as I still love my car). Here is the other oddity: If I just moved ahead with my 911 allocation around the time I bought the Taycan 2 years ago and "lived with a 911" for 2 years (how difficult would that be!), I could now trade-in the 911 back almost for the same price I bought it for, and get a brand new Taycan now, without putting anthing on top. Vs if I try to do the same with my Taycan I will have to pay double the price. Isn't this insane? Am I the only one who is able to do math here?

I will probably not get into another Taycan, love my 4S CT, but a new one, similarly equipped is $20,000 more. That isn't worth it to me. So while depreciation is something that could affect my future choice, the pricing is getting too out of control for me to look at a new one. I may consider a Macan Turbo, as fully optioned how I want it, comes in at $121k, vs the $140k I paid on my Taycan. I suppose some may think that once you are spending six figures, what is the big deal to just spend more, well, I still stick to a budget, and it would take an absolutely perfect (for me) vehicle to spend outside of that budget. Even a 911 can be subject to depreciation, they aren't a guaranteed safe vehicle.

 

[Avantgarde]

Not picking on you, just picking one of the messages to respond to.

For me the Taycan was a 'first' in many regards - EV, new, high price etc. I've had a lot of cars (and lost a lot of money on swapping), but usually in a much lower price bracket. As I'm getting older, I find that the next shiny thing/generation (of cars) doesn't really cause me the pining pain it used to - on the contrary, swapping cars now seems to be a chore: the hassle of selling, the stress of sorting through new prospects, wondering which new problems I'm inheriting/taking on etc.

On the other side, the calculus on the Taycan CT was: I can buy a forever-car now and forget about it, or keep pining for 2-3 years waiting for depreciation to bring it into my 'comfortable'-for-a-used-car range. I would not have paid, for instance, 80k for a second-hand CT - the diff to new price just isn't worth the hassle, the wait, the worries etc.

So yeah, I can do math - mine was: "today's a good day, fuck it."

Absolutely fair. Especially if you locked in a vehicle you are comfortable holding onto long term. CT was a great value btw (best value in the range IMO). To be clear I am not personally not that "bothered" by this depreciation issue as much as I sound like.

My background is probably driving some of my interest in this topic. I worked for an automaker for a decade in finance and always had an interest in pricing strategies. Also spent time on auto finance captives and curious how they will handle this entire "lease push" financially given these market conditions (rates and second hand values).

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