End of the month arrival. Should I sell?

[EvFamily]

my Taycan arrives at the end of this month and I am curious if the value of it has gone up considerably due to the Felicity Ace sinking. Would a dealer or a private party pay a significant premium to take my position on the car. If so what kind of premium could I expect? I haven’t spoken about this to the dealer but I thought I could get some insight here. Don’t get me wrong I want the car but money talks. Any thoughts?

How do you know the dealer will sell to you without adding a premium? Maybe the dealer will feel there’s money to be made? That’s my fear.

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[Rob28]

When I get my Taycan GTS (was scheduled for May now idk) and I can get a premium for it - I will be selling even if for an extra $10-20k and then I will be placing an order for a 2023 Turbo S. Not like I will be driving this car in the winter anyways. If you've completely changed your mind on the Taycan, then also take the cash and buy something else I'm of the opinion that it never makes sense to leave money on the table - with that mindset I've been able to afford a $200k (CAD dollars) car and many other things I never thought I could afford at my age lol

 

[hitmonlee]

Let's assume you can make some profit (which is a big assumption based on what other people have said here), what are you going to do with the money? Down payment for a house? Sure. A different car (or even just a different Taycan model/build) because you've changed your mind? Also reasonable. I certainly hope you're not planning to put the money in a savings account

 

[NaplesTaycan4s]

I guess I should have elaborated on my situation. It isn't that I don't want the car. I am 30 years old and in the middle of a full home renovation down to the studs & paying for my wedding this year so an extra $150,000 towards all that wouldn't upset me lol. I am also very involved in stock trading & crypto trading and see many opportunities in the market so I am just debating whether it makes sense for me to take delivery or use the cash to buy the dip in the market instead and re order for delivery at a later date. The profit on the car if any would just be a bonus. I am not in desperate need for an extra 10k-20k but I was just curious if anyone else was thinking like me? I realize the car will become more expensive for me in the future and I'll have to wait longer but for me that is okay because I am patient. Considering the supply shortage of these cars for numerous reasons I just thought maybe someone could shed some light on what kind of premium I could get above MSRP and how to go about it. I realize that in the luxury car market there is a "I want it now" mentality for a lot of people and like stocks, crypto, real estate & several other businesses I am involved in I am conditioned to take profits when I can and recognize opportunity cost. I guess I will make a few calls to the dealerships who lost cars on Felicity Ace and see if I can work a deal them. Thank you to everyone who has responded! Have a great weekend!

 

[Rob28]

I guess I should have elaborated on my situation. It isn't that I don't want the car. I am 30 years old and in the middle of a full home renovation down to the studs & paying for my wedding this year so an extra $150,000 towards all that wouldn't upset me lol. I am also very involved in stock trading & crypto trading and see many opportunities in the market so I am just debating whether it makes sense for me to take delivery or use the cash to buy the dip in the market instead and re order for delivery at a later date. The profit on the car if any would just be a bonus. I am not in desperate need for an extra 10k-20k but I was just curious if anyone else was thinking like me? I realize the car will become more expensive for me in the future and I'll have to wait longer but for me that is okay because I am patient. Considering the supply shortage of these cars for numerous reasons I just thought maybe someone could shed some light on what kind of premium I could get above MSRP and how to go about it. I realize that in the luxury car market there is a "I want it now" mentality for a lot of people and like stocks, crypto, real estate & several other businesses I am involved in I am conditioned to take profits when I can and recognize opportunity cost. I guess I will make a few calls to the dealerships who lost cars on Felicity Ace and see if I can work a deal them. Thank you to everyone who has responded! Have a great weekend!

I spoke to my dealer before the Ukraine conflict and before I knew about the Ship burning. Dealer mentioned $20-30k (CAD$) premium on new cars. He said he wouldn't be surprised to see higher on rare models i.e. Turbo S, GTS. I ran numbers on how much I'd get back at a 30k premium and it would be almost enough to get the Turbo S - mind you my GTS has almost $40k in options and my Turbo S build would be on the higher end of the option spectrum too.

 

[BigBob]

Surely you keep the car and are rewarded with very low rate of depreciation over next few years. Free motoring, sort of.

 

[NaplesTaycan4s]

That's 30k premium that they are asking so I guess I should inquire as to if they would split that premium with me or exactly how they would structure it. The way I look at it is they can work a profit split deal with me now or I can follow through and take delivery and they get nothing. Maybe I will have a secret shopper find out what kind of premiums they are asking and work the deal backwards. Thank you for your reply!

 

[TycanNewHampshire]

I hate where we have come as a society. It used to be that the 'chase' of rare purchases was in finding the item and being the owner. Now, it has turned into a business of people exploiting the supply chain issues and profiting off of buying up all the inventory and then reselling this in the market. I see this with electronics (game stations for my son), luxury watches (Rolex especially), I am seeing this with tickets for sporting events, I even have seen this in trying to purchase my new ADV motorcycle and all the KTM dealers have them 'on deposit', I see this with limited edition releases only to see them on a re-selling website a day later at a premium. Now, this is coming to vehicles????
If you sell this for a profit, you add to the problem. Not only that, it could be considered a business and you should have to pay capital gains on this (which I am sure you won't, or haven't thought of). This also causes issues with the dealerships as you are now a 'competitor' and they have to price their new cars at the 'market value' and can start to justify a premium to their new stock.
My point is that you are looking at this as a personal benefit and personal gain. However, the economics don't allow your actions to be isolated and the more of you that do this, it actually changes the supply-demand curve and then we all lose.
I personally think that regulation could be helpful here in protecting the consumer. Or, Porsche should institute a clause that you are unable to sell this in the market for a period of time, and/or you can only sell it in the market at the price you paid for a period of time. Rolex has actually done this, but it comes back on the dealer....if they notice new watches on the grey-market being sold as a premium from the same dealer, they view this as fraud and are protecting the consumer and their brands value. If you know the watch market, you know that there are ways around this, they 'sell it out the back door' and don't fill out the warranty until the grey-market purchaser takes possession, so it is not viewed as 'reselling'. However, brands want their customers to be able to purchase their goods, at a price they set.
The dealer doesn't get the profit you are making by reselling, Porsche doesn't get the profit that you are making by reselling, both are essential to reinvesting and improving on things like, our software. The only one that benefits is you and everyone else loses; future buyers, the dealer, Porsche and the market that others now see this as a 'quick buck' and then they get investors to do this at-scale.....only to hurt everyone but them in the long run.
To be clear, I am not attacking you, I am trying to have you take a step back and think about why I personally feel this is the wrong thing to do, unless that small financial gain to you outweighs all of the deleterious down-stream events that this practice causes.

 

[Archimedes]

No Porsche dealer is going to split the premium with you. You’re going to have to buy the car, pay TTL, and then resell it. In the end I’ll bet you’ll make very little.

You might just offer your dealer the option of you walking away for $5-10k so they can sell it to someone else for more. But don’t be surprised if they say no.

If you’re really the successful businessman you seem to imply, not sure why you’d even care about a few grand. Seems like it’s more about do you want the car or not. The oft heard story about ‘new house, new baby, new business opportunity’ on these forums almost always really means, someone stretched to buy a car, really can’t afford it, and wants to sell.

 

[NaplesTaycan4s]

It’s about deploying the $150,000 into the stock market at a low instead and trying to get paid a premium simultaneously. Everything’s always for sale with me! That’s all I’m trying to figure out here. I’ll just talk to my dealer and see what he says.

 

[Rob28]

Only reason I am considering selling my GTS (if i ever get it) is because its my first Porsche. I got the options I think I will want and like but really on the second/third car will I know what the optimal build for me is. So if I can test out my car for a couple months in the summer, and then get more money for it back to buy a new one with a more refined build, I will do it.

The comments about hurting the rest of the market is true but also an unfortunate reality. Lamborghini, Ferrari, McLaren, etc are very difficult to find brand new in Canada and for those that get an allocation and a new build they can sell at a premium after driving it for a while. I think the higher end Taycans fall in to this category.

 

[whan]

I agree with others that it's highly unlikely the dealer will "split" any profit with you. Either they deliver the vehicle to you for the price agreed, or they refund whatever you've put down and they'll sell the car themselves, plus any markup if they choose to

At the end of the day, Taycans are going to be depreciating assets - they're not "special" like a 911 Speedster, etc, and I'm going into the purchase knowing I'm going to lose at least half of the value over the next 5 years. By choosing to buy one, I'm paying for enjoyment of a vehicle

 

[Archimedes]

It’s about deploying the $150,000 into the stock market at a low instead and trying to get paid a premium simultaneously. Everything’s always for sale with me! That’s all I’m trying to figure out here. I’ll just talk to my dealer and see what he says.

I get that, but I wouldn’t expect to get much of any premium, as Taycans aren’t in super high demand and they’re already pricey. I’ve been offered $25k over cash for my ‘21 GT4, but I love the car and I’d just have to go out and buy something else at a premium. It would take $75k over before I’d even entertain selling it, and probably not even then. It gives me joy that is priceless to me,but I’m a fair bit older than you and money in the bank isn’t what I need.

Honestly, I wouldn’t sell my Taycan for anything less than $75k over either.

 

[whitex]

When I get my Taycan GTS (was scheduled for May now idk) and I can get a premium for it - I will be selling even if for an extra $10-20k and then I will be placing an order for a 2023 Turbo S. Not like I will be driving this car in the winter anyways. If you've completely changed your mind on the Taycan, then also take the cash and buy something else I'm of the opinion that it never makes sense to leave money on the table - with that mindset I've been able to afford a $200k (CAD dollars) car and many other things I never thought I could afford at my age lol

Your $200K car depreciates way faster than a $25K would, plus if you drive the cheaper car you could make interest in the price difference, insurance is cheaper, maintenance is cheaper, so by driving the $200K car instead of the $25K, you're absolutely leaving money on the table.

In this case the OP would not drive a Taycan for a year in exchange for few thousand dollars. Well, if the OP just never drives a new Taycan, they save thousands every single year. Any time you drive a new Taycan, you leave money on the table as compared to a less expensive, yet still reliable, mode of transportation which will get you where you need to go.

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