The Lucid is Tesla circa 2012. I didn't buy Tesla then, I can't imagine buying Lucid now. Tesla has Musk who had PayPal, what does Lucid have? Rhetorical. It wouldn't get me to lop $100k on a Lucid. Not even $70 for a 1k mile Lucid Air I see on Carvana.
I have to say, I agree with this. I bought a car I wanted and could afford and I understood that, even now, all EV owners are early adopters. Whenever I replace the Taycan, I will again buy whatever I want and can afford, taking the remaining value of the Taycan into account.
Lower used prices will reduce new car purchases, hitting Porsche pocket too. It will also reduce residual values, causing lease payments to climb, also reducing Porsche sales. Refresh may help Porsche a little bit, as they may try to push a "refresh will depreciate slower" theory, but not sure many people will buy it.
You know, after a decade of Teslas I bought a Porsche hoping to avoid teething pains I went through with Tesla, but it turned out to be a futile attempt. My Taycan ownership parallels a lot of early Tesla ownership (2013/2015 Model S - before M3 came out), with the main difference being slower progress on the Porsche engineering side.
You could have bought Tesla stock in 2012 like I did after a test drive... I just didn't buy enough of it and now I'm stuck here still working like a sucker.
Well, it's quite simple really - I'm too poor to rent a luxury car for a few miles per day, and give it back in pristine shape after 2-3 years; if I paid top price (by my standards) for a car (or a watch, or shoes etc.) I expect I'll drive/wear the fuck out of my purchase - everywhere and all the time.
I'm in violent agreement with you on this one.
Good point.
Leasing has many uses. One is business and tax deductions - simplifies accounting as the monthly payment consist of only depreciation, use/loan fees, and taxes (so can be expensed without amortizing over time). For individuals lease can serve as depreciation insurance. Like any insurance, it costs money, and it works out for some people but not for most. This time it might habe worked out for you, it doesn’t mean leasing is the best way to go for everyone in every situation. In your case, you will pay 18k+1.1k*36 so $57.6k. How much was the second hand Taycan price?
Percentage of cars leased vs. purchased in the US was 18% in 2022 and 21% in 2023 (source), so not quite "the norm". Personally I've bought and leased cars in Canada and USA, with the vast majority being loans or cash purchases. Leases made sense only a few times (I always consider all options, decide what makes most sense, even did a lease once with $150 residual value because the lease rate was heavily subsidized so it was cheaper to leasw with $150 residual, and of course buy it at the end, than take a loan for the same amount of months).
So 17k€ extra to insure yourself against the car being worth less than 58k€. So if the car is worth 41k€ you broke even. Rough calculation ignoring some possible investment opportunities, but close enough. How much do you expect the car will be worth at the end of your lease?
In my own case, which I considered early '22, savings rates were too low, but of course had I known that within a year they'd be up to nearly the PCP APR (had I taken it originally), it would have been a good choice (especially in light of disappointing depreciation). However it became a moot point when I decided that I valued the flexibility of outright ownership more.
