https://www.youtube.com/watch?v=3eQz4aQjtY0&feature=youtu.be
Maybe not too surprising on this one. I hear the range on these are not great especially if you drive them spiritedly. And given it’s a first gen product on a new tech, no one really knows what these will be worth 5 - 10 years from now.
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They have big issues with transmission failure. The Audi is also built with the same drive train, and it’s the main reason why they’re going for much cheaper on the used car market.
All of this generation of EVs will depreciate like crazy as battery technologies will improve a lot over the next few years and become somewhat more affordable.
Most EVs are also undesirable eyesores - the Taycan looks great, but it is a rare exceptions. It is like they have been all designed by 4-years old who think their flashing shoes are the pinnacle of design.
All of this generation of EVs will depreciate like crazy as battery technologies will improve a lot over the next few years and become somewhat more affordable.
Batteries and the tech becoming obsolete is one reason for EVs depreciating a lot
The Taycan gets 260 miles at 75mph in summer and recharges in just over 20 minutes, it’s not obsolete, that’s still one of the best available on the market.
According to the AA, the average car doing 10k miles a year loses 60% of its value after 3 years, battery improvements do not happen quickly enough to make a big difference, and even if the battery halved in cost, it’s not as if the price of a Porsche is suddenly going to be cheap, the new price might drop from £85k to £75k, that is not enough to make a big impact on used car prices.
It’s just the same as always, new cars lose value quickly.
I’ve seen a 14 months old Taycan Turbo S advertised for 109.000€ List price only 11.000km ago: 189.000€ Means over 6666€ in depreciation each month!!
Most of the comparisons in this video are to a year ago, which was the peak of the supply crunch. You can see in one of the charts that a 2020 Taycan had risen in value above the original sale price after two years of ownership, in 2022, and then crashed afterwards, now it’s 40% below the sale price. The media is full of stories of EV’s depreciating, but they are just reverting to the normal outcome. A car losing 40% of its value over 4 years of ownership does not seem high to me.
I’m advised that they are still a bit of a science experiment. Inheriting the bills for repairs (dealer only, for you early adopters) is a brave, risky or foolish choice.
And this is why one should lease a 6 figure luxury sedan and not purchase it.
That being said, the jokers at my local Porsche dealer quoted me nearly 18 months for a GTS Sport Turismo back in the spring. And they wouldn’t guarantee the selling price to be MSRP
I own one and I love it. I did not buy as an asset. I buy it to enjoy my daily driving in an electric crazy car. My money my problem
If you think the taycan has bad depreciation, look at the e tron twin
IMHO, not to trash EV’s, but I have a feeling many will become scrap once the owner has to replace the battery and realizes the cost involved.
Tesla even knows this, as they do not allow you to buy the car if you leased it. They will refurb it and sell it as CPO