PoorShah
Active Member
- First Name
- Ricky
- Joined
- Jan 8, 2024
- Threads
- 2
- Messages
- 44
- Reaction score
- 49
- Location
- Yay Area
- Vehicles
- 23 Taycan GTS, 64 Chevelle SS, BMW 7LI, X-Plaid
Hoping this might help some people who are looking to buy …
So, depreciation keeps coming up in conversation. It’s fair to say Taycan has a sharp depreciation curve. Let’s reverse engineer this for a second. How many would buy again knowing what they know now? And how many would have bought used? I’ll go first, I sold my 4 year old Tesla at tail end of Covid for exactly what I paid for it 4 years prior (50k). I have a 2023 GTS I bought for 151k plus I got the 7500 rebate. I took that 50k out of Tesla, put it in Money Market yielding 5+% and took out a 84 month loan at 3.8% from my local credit union. Today that Tesla would have been worth 20k or less. So, I’m probably net neutral have a much cooler new car and I’d absolutely do it all over again. I can’t say I would have bought used then (market was 30k over sticker), with no inventory BUT if I had to buy now I’d 100% buy preowned. There’s nothing I’d want besides the Taycan - it’s phenomenal and will be for many years to come. I plan on keeping it 5+ years. Fingers crossed, one year car has been absolutely rock solid.
I’m at a place in life now where if I can buy happiness, enjoyment, and or experience, well then buy the darn thing. And I have already (2020 to a new GTS) despite the depreciation and reliability issues early on.
buy used? I guess i would if I was concerned about $$$, but not possible in my household. the SO thinks used cars are disgusting and for imposters. Unlike myself, she grew up on the other side of the train tracks and theres no fix for that.
If there’s anything I would have changed, i would have just custom ordered an taycan to paint match a color that nobody has. But im impulsive and impatient so that would be impractical.
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