whitex
Well-Known Member
- Joined
- Jul 30, 2021
- Threads
- 72
- Messages
- 6,286
- Reaction score
- 5,558
- Location
- WA, USA
- Vehicles
- 2023 Taycan TCT, 2024 Q8 eTron P+
I have no knowledge how things work in the UK, but here in the US the residual is a percentage of base price plus a percentage of options. Options depreciate faster than base price - down to about 0% after ~5 years. From what you're saying is that a Porsche GB assumes a 100% depreciation on all options as soon as you drive off the lot. Not sure I believe that a 2 year residual value of a $160K Taycan is the same as $99K Taycan, but again, never been to the UK. It sounds like the best deals to be had is buying lease returns. Might be a good negotiation tactic for inventory cars too - "Even your parent company says all options are worthless after I drive off the lot. Since I would not have ordered this option, so it's worth $0 to me as I will never get any value out of it on the back end either".Interestingly, when I was speccing a build at our local London centre the salesman told me that the residuals are pretty much the same and therefore the monthly payments are higher as you are financing 100% of the cost of the options. So I guess his point was that it’s not 55% of what you paid but a flat standard rate for the model you choose. If he was right (and he seemed both certain and a bit embarrassed) then basically all options are 100% lost cost. The only difference and therefore how you can recoup some of the option cost is that in theory they will offer you a better trade in price for a Taycan that is better specced with options. I guess his point was that a Taycan with zero options will probably result in a trade in price of close to the same as the residual payment. A Taycan with (decent) options will get you a better trade in price and higher than the residual because they will be able to sell it more easily. According to this one salesman anyway…..
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