My Taycan Turbo S was an extremely fun car to drive. The only problem I had with it was that the tech was a million miles behind Tesla with regard to the infotainment system. It was slow, clunky, and felt like it was using a 10 yr old computer.
@@maxwest4820 It's not that I want a driving computer, but for all the attention they put to the driving mechanics, their infotainment engineers are like Apple's rejects. They put out a product that was dated and crappy 5 years after the Model 3 came out. It's like buying a 1080p TV when 4k has been out for years. No excuse. And it affects my driving enjoyment because I frequently use navigation and listen to music. Both features -sucked- on the porsche compared to tesla.
@@rjm656 Yeah I agree, I had the Taycan and the tech was half-assed. My car was so buggy and I had to take it to the dealership for the late 2022 update, couldn't do it OTA like Tesla. And guess what, they had my car for 2 weeks trying to update the software. It kept failing over and over. That's an absolute joke. I have given up on EV's they are too compromised and are now depreciation kings. Going back to manual 911's and not ever looking back.
Looks like a awesome car. Now they need to make sure that when they have thermal run away on a ship, they dont burn the whole ship to the point of sinking. Insurance to ship these cars after the freemantle highway fire will be expensive.
Interest rates are probably the biggest factor. my bank pre-approved me for a loan at 7.2% and i have perfect credit. I don't want a new car bad enough to finance at that high rate and im sure many people feel the same
Just to let you know saw some turbos selling at 100K even at Porsche North Scottsdale with cpo. So prices might have plummeted more than estimated. Wanted to buy one but other buyers beat me to it 💀
I’m in the US, currently at my 3rd Tesla (model S 22’), and as much as I love Porsche, the Taycan offers mediocre ranges at insane price. A fully specd Turbo s it’s like north of $250k….. hell no.
With gas cars as much fun as Taycan , be it M3, M5 or 911, you won’t drive them more than 300 miles anyway. Your back and bottom will simply protest…so a super extended range really doesn’t mean much in reality .
A Really interesting video. Thank you. I think that the residuals for all electric cars are significantly worse than their ICE equivalents. Perhaps this could be an idea for a future video comparing values of a manufacturers Petrol, diesel, hybrid and electric equivalents. Another great review would be the valuations of the Porsche Cayenne especially now that the heavy facelift has just been released.
Agree, but a lot of factors to consider beyond this statement. Miles/use, physical condition, accidents, location (weather), all greatly affect future battery life remaining. At a high level the mass market has much to learn to properly value remaining useful life on EVs.
completely normal phenomenon, all new cars lose value rapidly in the first 5 years, and especially new luxury cars and especially especially new luxury electric cars because they are in a category like PC computers or smart phones you buy latest greatest and before you know it they come it with something even better and cheaper
All current electric cars will be scrapped in just a few years - the battery tech is just not viable. Some may be converted to the new/lighter/more powerful batteries, but they are designed to carry all that weight so their driving characteristics will still be poor.
@@brandon7136 Its about 600kg too heavy for me. Weight (lack of) is the key to enjoyable driving. The 911 has bulked up a bit over time but even the current ones are not-so-bad (and a lot lighter than a Taycan). Solid-state batteries are what is needed.
@@endintiers I agree there's no comparing a Taycan to a 911 but a Taycan is the best handling EV and is certainly better than many gas powered cars half the weight in the curves.
@@brandon7136 That is my understanding too. I'm just saying that the 1500kg 'Gen 2' Taycans with the solid state batteries will make the Gen 1s scrap. Who wants to wait 20 mins to charge while your neighbour with the Gen 2 does it in 3 mins? We started to go electric before the tech was ready....
I realize that cars like these are a flex because you can afford to eat the depreciation either by leasing the car (paying to use the most expensive part of the ownership cycle) or buying outright and selling/trading in for $100K less in a few years. Personally, I only buy enthusiast cars at the bottom of their depreciation curve that do not drop in value because I hate depreciation. If I need a daily driver I just buy a cheap car and drive it into the ground. Image and status are very expensive to maintain. It always surprises me how many educated professionals go to living pay check to pay check with an otherwise comfortable salary to show people they are dumb enough to throw away money on mediocre overpriced cars with no resale value.
While the Tycan is a decent car is nothing more than an electric Panamera (you nailed it with the comparison) therefore will depreciate the same as any other r car. I cannot imagine that anyone will look for Tycans in 30 years like people look for 993. It is not a cult car like the 911 🤷♂️
And to build in that, I think EV’s are still new enough the early cars will suffer higher depreciation as more makes and models enter the market and technology advances
I could buy one for 60k, a 4s, but has 120'000km , I dont know if its a good deal as it has so much kilometers... what happens when need change battery?
Doesn't having just about the worst efficiency in its class (which given its size/weight/price means of all EV's, full stop) have a lot do with its perceived value as a used buy? Not to mention that by definition this means they're using their batteries harder, which doesn't bode well for their life expectancy. A Model S, for eg. is nearly twice as efficient and its battery could hence theoretically last for nearly twice the mileage.
I had a Tesla and a Taycan. A model S is not twice as efficient. The model S is about 10% more efficient. And I doubt Porsche EV buyers care that much about efficiency if the range is fine. You can easily do 350km with the small battery and 400km with the big battery. You can charge in 20min. What more range or efficiency would you need ?
To this guy, every Porsche car depreciates unless it’s a freaking 911. He fails to remember that the WORLD is shifting to EV’s and soon petrol cars will not even be allowed to be sold in many countries so even if their prices increase because of them being “rare”, they won’t be able to be driven on roads anymore and can only be a museum piece in one’s garage.
We talking about 4 doors lol. I have two kids to take with me and wife. Taycan is great daily car if you have people to take or even yo some short trim if the area has charges like where I am
The only thing that’s sucks they removed mamba green color from options and now it’s PTS plus $30K! We got mamba for $800 lol. I’m planing to trade in for facelift Taycan but don’t know what color now
🪄✨ Made with SummarizeYT 0:02 - Porsche Taycan prices depreciated by 26% during the last year. 0:15 - Expensive models depreciated more than cheaper ones, making them more attractive. 0:40 - In May 2023, there were 712 Porsche Taycans listed for sale in the US market. 0:54 - Base models start at $75,000, but supply is limited at that price point. 1:01 - The S model starts at $99,000, $10,000 more than the base model. 1:28 - Turbo models start at $120,000, $20,000 more than the S model. 1:44 - GTS models are priced at $140,000, between the S and Turbo models. 2:43 - Porsche Taycans are expensive, but depreciation rates are high, making them more affordable for buyers. 3:13 - Base and S models experienced a depreciation rate of 16.3% and 24.8% respectively. 3:39 - Cross Turismo models saw a depreciation rate of 20.5% (base) and 21.5% (S). 6:14 - Prices of sedans are plummeting, with turbo assets dropping by 26.3% in one year. 6:49 - Depreciation rates are high, making more expensive models relatively more attractive. 7:01 - Taikan prices are decreasing, similar to other cars in the market. 7:44 - Depreciation rates of Taikan and Panamera models are similar. 9:23 - Older Panamera models lose less value compared to Taikans. 10:01 - In the first year of ownership, expect to lose 20-30% of the car's value. 11:06 - Models next up in the hierarchy offer better value for money.
The Taycan is about to get a full mid cycle refresh updated a lot of the car. These prices will drop even harder in the next 6-12 months. A used Taycan 4S could be quite appealing at $70k.
What do you mean by full mid cycle refresh update? An updated design in 2024 or you mean some kind of software update that will be applied to new and used taycans?
Also, all current EV models with low range capabilities will depreciate hard when longer range revisions are released! It’s a game the manufacturers are playing at the consumers expense! Plus the technology is improving rapidly!
Your statement shows its not some sinister game the manufacturers are playing. It's the natural progression of technology. Should a new model be released only when it hits some arbitrary new range capability? You'd have a point if the technology wasn't improving, rather it was already there, but the manufacturers weren't releasing it. But that wouldn't happen, that'd be bad for business.
Electric bore-fest. As a tesla 3 owner, the build quality is terrible the range is never what they say it should be and its incredibly boring to drive. It was bought for tax reasons.
I’m going to wait another year or two for the price to drop to,about 40k and snatch me up one with low mileage and say LOOK AT ME EVERYBODY I’M DRIVING A PORSCHE 😃😃😃😛
As Porsche Taycan drivers learn more about the hopeless public charging network reliability in the USA, it’s no surprise to see so many used Taycan’s on the used car sales market with what appears to be high levels of depreciation. This is just my observation.
Of course they are. EVs are a scam. You will pay for battery cell failure and all other situations of battery powered cars. You WILL pay over 10000 euros within 50000 miles if you buy an EV. Even Porsche buyers will not stand for this!
Porsche to me represents the ultimate sports cars so it’s not surprising the sedans are depreciating more rapidly than my 718. Thanks for sharing & if you haven’t test drive a 718 yet please do as they are FUN!!!
@@asianfilmfan1 Porsche was going bankrupt selling only 911's so making SUV's saved the company 20 years ago. Gotta do what you gotta do. Now if you can't make profitable ev's , all legacy auto will go bankrupt soon.
One thing that certainly isn’t helping residual values is the alarming amount of them are lemon law buybacks which have branded titles and should sell for significantly less as they are never eligible to be CPO’d. Some dealers act like it’s no big deal but it actually is a very big deal
That's super vague. Got any actual credible information? Porsche uses the Toyota quality ethos, so your statement elicits nearly as much skepticism as if you said an alarming number of toyotas were lemons. Audi I could understand lol.
@@SoullessPolack how is my statement super vague?? And what type of credible information sources would you like exactly? I just made a general statement as someone that is very familiar with the preowned Taycan market, but it isn’t up to me to prove to you that there are a significant number (relative to other brands) of specifically 2020 and 2021 Taycan models which were bought back by the manufacturer for various different reasons, get on Autotrader or Cargurus and start looking at vehicle history reports and see for yourself instead of questioning or being skeptical of my comment And LOL on comparing a car like the Taycan, that pushes the envelope on new technology and uses advanced systems that had not been used prior, to a Toyota (who while admittedly produce ultra reliable cars) because they stick to the basics that they know and have been producing for years
I got a Tesla Model 3P+ in 2018. I saw no reason to waste $130k on a Taycan. My car ($70k originally after rebates) competes with a 911 C4 in performance at near-legal speeds (0-60 in 3.2s). The Model 3 clearly competes with the 911 in the looks department, too, with a frog-like appearance from the front but my car has 4-passenger 6'er space like a Panamera ... My car is 4Y old and my expenditures for electricity & repairs? $0. I get free electricity for life on my car ... The USA price on the Tesla Model 3P+ is now $54k, I predict Porsche is in big trouble with these Tesla prices ...
Glad I bought a 2019 Honda Civic Type-R. Screw this EV fad. No one wants them. Decided to check Vroom to see what they think my Type-R is worth and they are offering me $38,000 for it and it has almost 44,000 miles! That's what I paid for the car back in 2019. Zero depreciation. Gotta love Honda ICE vehicles :)
In other words: the Taycan is deprecating at historically normal rates for any automobile. The last 2.5 years of zero depreciation have been an anomaly. Back to normal. The rest of the auto market will catch up in the second half of 2023. Taycan depreciation is not interesting. Up until 2019 it was typical for any car to lose 30% of initial price the moment you drive off the lot, then 10% every year after that assuming 12,000 miles per year. Cars depreciate. They are not an investment.
@ArbitraryFilmings the difference between ICE is that individual pieces can be replaced to fix it and bring it back to operation. With BV you will find most components are repairable, just throw and replace.
Not surprised to see taycan prices drop. With 200mile range who the hell wants that garbage for the list prices they started at. I’d buy one for $50k not a penny more.
Dont worry 2035(Gas engine ban) gasoline sports cars will skyrocket in price. Electric cars and old computers and smart phones have something in common....they go down in value fast and after 2-3 years nobodys wants them.
I’m looking at a 2020 Taycan 4S CPO with 12k miles on it for $83,500. I don’t think it will lose all that much over the next 2-3 years. Trade in value are about $74,000 right now.
So I ended up buying that car for 79,900. I looked at MMR and the last five sales in the region were between 78,000 and 80,000 at the auction. All those cars had higher miles. I’m pretty happy with my deal. Curious to see where the market goes from here.
If u wanna depreciate so much in panemeras, might as well depreciate just as much in a taycan, at least there’s less fuel and maintenance costs. For those wanting a drivers experience, u are in the wrong cars 😂
Woow, so many people taking the opportunity to blame EV's. Didn't you see in that he made the comparison with the panamera. That depreciated in the same way and is an ICE vehicle ! So the depreciation is really NOT related with the fact that it is an EV. If you need more prove, look at Model S and Model 3 depreciation. It is also in line with, or better, than the general automotive market. The people that are writing that EV's are not fun to drive or that the Taycan is low quality: they clearly never driven a Taycan. Today in the news was a man in France who drove 200000 km in 2 years with his Taycan. He had only one sensor failure during that time.
Where to take these cars once the warranty expires? Hardly any indy shop mechanics out there are familiar with the complex electric systems of these advanced vehicles .. So it could be a financial suicide to buy one used and deal with the expenses later on, hence that could be a reason for such a rapid price drops.
Porsche has no mid sized sedan and they would sell really well. You have get a giant Panamera or electric. I have the 991s and Audis. There is no equivalent to the S4. They could start with that and further develop it. The Macan is mid sized but too heavy and that makes it handle poorly except for the average driver.
Anyone that puts a lot of money into an electric car needs their head looking at. just buy a leaf and a 911 ffs. once 8 years old all ev's become worthless.
While I’m sure it’s a nice car I wouldn’t touch any of the Taycan’s, this is a first generation EV for Porsche so there is zero EV learning in this car. The next generation will be better but even that will not be entirely competitive. By the third generation the technology should start to be mature, the legacy auto makers have shown they don’t know how to build EV’s yet, it’s going to take time to catch up with the likes of Tesla.
Taycan is miles behind Tesla from battery range to infotainment. You can keep your prices high but the car needs more range and needs to do away with a lot of the touch screen controls. I love the car but lets give them a few more years to catch up
Well obviously, there is drastic depreciation for electric cars since the batteries won't last much longer for the next owner after the original lease expires.
Yes, I don't expect the depreciation curve to flatten out like an ICE car. Even if batteries become more easily swappable, the car will continue to depreciate to wholesale scrap value.
@@richardliles932 Tesla model S curves flatten out. Even very old model S's are sold above 30000 euro in my neighbourhood. Even with +200000km on them.
I wonder how long the batteries in this car last and is the cost of taking care of it less or more than normal cars? What is the price of the battery with replacement?
My 2020 4S lost 7% SOH during it’s first 1,5yrs/52000km. Then the rear motor blew. At 58000km. After 2 months in the repair shop I got it back and spent the next 2 months wondering what to do. I swapped keys even Steven for a CPO 2018 base Cayenne (E3) and pulset be happier. Got 3 yrs PAW thrown in the deal on the Cayenne and it’s been an absolute dream, even though I had new tyres, brakes and a starter motor fixed/replaced under warranty, and I still got 2,5 yrs of PAW left. I’ll never ever buy a premium EV again as my number one family car. They expire on date crazy fast and they’re horrible to live with. You end up with a melted brain and all joy in life is sucked out of you.
I had a Taycan and it lasted 5 months in my garage. Coming from 911's and my wife's Panamera it was by far the worst Porsche I ever owned. Too heavy, too buggy, too boring - it's not a Porsche in my opinion and EV's are just goofy vehicles to begin with. I dumped it about 8 months ago because I saw the huge depreciation wave about to hit - my 992 arrives in 2 weeks and I haven't even thought about the Taycan once since. Oh and they are STILL trying to sell my old Taycan, for less than they gave me for trade-in.
At my local Porsche dealer. They had four of them in the garage and they were unable to figure out what was wrong until a specialist arrived. At least with my old Tesla any Tesla technician can work on it.
*What car would you like to see analyzed next?*
Gen 6 Camaro ZL1
458
Lucid Air
@@blockchainprofessional A new market update is coming in a few weeks
I'd like to see a deep dive in the EV Market. Porsche vs tesla vs lucid etc. And how the EV Market compares to the combustion Market
My Taycan Turbo S was an extremely fun car to drive. The only problem I had with it was that the tech was a million miles behind Tesla with regard to the infotainment system. It was slow, clunky, and felt like it was using a 10 yr old computer.
If you want a Tesla dont buy a Porsche. Its not meant to be a driving computer....
@@maxwest4820 It's not that I want a driving computer, but for all the attention they put to the driving mechanics, their infotainment engineers are like Apple's rejects. They put out a product that was dated and crappy 5 years after the Model 3 came out. It's like buying a 1080p TV when 4k has been out for years. No excuse. And it affects my driving enjoyment because I frequently use navigation and listen to music. Both features -sucked- on the porsche compared to tesla.
@@rjm656 Yeah I agree, I had the Taycan and the tech was half-assed. My car was so buggy and I had to take it to the dealership for the late 2022 update, couldn't do it OTA like Tesla. And guess what, they had my car for 2 weeks trying to update the software. It kept failing over and over. That's an absolute joke. I have given up on EV's they are too compromised and are now depreciation kings. Going back to manual 911's and not ever looking back.
Looks like a awesome car. Now they need to make sure that when they have thermal run away on a ship, they dont burn the whole ship to the point of sinking. Insurance to ship these cars after the freemantle highway fire will be expensive.
@@maxwest4820 thank you lol. such a wild complaint from OP. you bought a porche because its a porche...not for the damn infotainment.
This guy seems to really enjoy telling owners they’re screwed.
Interest rates are probably the biggest factor. my bank pre-approved me for a loan at 7.2% and i have perfect credit. I don't want a new car bad enough to finance at that high rate and im sure many people feel the same
Cash all day every day.
Just to let you know saw some turbos selling at 100K even at Porsche North Scottsdale with cpo. So prices might have plummeted more than estimated. Wanted to buy one but other buyers beat me to it 💀
Woah!
I have been looking at one with a $160K build. Dealer has it at $106K.
No one wants them.
@@midcenturymike i think their fate is going to be the same as the old models panameras. 5 years from now a bargain
I’m in PHX too. Might have to keep any eye out for a good local deal.
Not buying another EV worst depreciation I have ever had Audi etron gt r/s the same car has the same issues
I’m in the US, currently at my 3rd Tesla (model S 22’), and as much as I love Porsche, the Taycan offers mediocre ranges at insane price.
A fully specd Turbo s it’s like north of $250k….. hell no.
With gas cars as much fun as Taycan , be it M3, M5 or 911, you won’t drive them more than 300 miles anyway. Your back and bottom will simply protest…so a super extended range really doesn’t mean much in reality .
A Really interesting video. Thank you. I think that the residuals for all electric cars are significantly worse than their ICE equivalents. Perhaps this could be an idea for a future video comparing values of a manufacturers Petrol, diesel, hybrid and electric equivalents.
Another great review would be the valuations of the Porsche Cayenne especially now that the heavy facelift has just been released.
Electric cars and latest tech like iPhones, etc, all have something in common. BIG DEPRECIATION drops after 1-2 years.
Agree, but a lot of factors to consider beyond this statement. Miles/use, physical condition, accidents, location (weather), all greatly affect future battery life remaining. At a high level the mass market has much to learn to properly value remaining useful life on EVs.
Tesla has one of the lowest depreciation of most vehicles (mainstream).
completely normal phenomenon, all new cars lose value rapidly in the first 5 years, and especially new luxury cars and especially especially new luxury electric cars because they are in a category like PC computers or smart phones you buy latest greatest and before you know it they come it with something even better and cheaper
That’s not a phenomenon.
Prices will drop even more dramatic once the Taycan facelift with more range will come out
when faceflit
All current electric cars will be scrapped in just a few years - the battery tech is just not viable. Some may be converted to the new/lighter/more powerful batteries, but they are designed to carry all that weight so their driving characteristics will still be poor.
Go drive a Taycan and report back.
@@brandon7136 Its about 600kg too heavy for me. Weight (lack of) is the key to enjoyable driving. The 911 has bulked up a bit over time but even the current ones are not-so-bad (and a lot lighter than a Taycan).
Solid-state batteries are what is needed.
@@brandon7136 (I like Porsches and windy roads :-))
@@endintiers I agree there's no comparing a Taycan to a 911 but a Taycan is the best handling EV and is certainly better than many gas powered cars half the weight in the curves.
@@brandon7136 That is my understanding too. I'm just saying that the 1500kg 'Gen 2' Taycans with the solid state batteries will make the Gen 1s scrap. Who wants to wait 20 mins to charge while your neighbour with the Gen 2 does it in 3 mins? We started to go electric before the tech was ready....
Thank you for this. I feel like I'm learning economics
I realize that cars like these are a flex because you can afford to eat the depreciation either by leasing the car (paying to use the most expensive part of the ownership cycle) or buying outright and selling/trading in for $100K less in a few years. Personally, I only buy enthusiast cars at the bottom of their depreciation curve that do not drop in value because I hate depreciation. If I need a daily driver I just buy a cheap car and drive it into the ground. Image and status are very expensive to maintain. It always surprises me how many educated professionals go to living pay check to pay check with an otherwise comfortable salary to show people they are dumb enough to throw away money on mediocre overpriced cars with no resale value.
While the Tycan is a decent car is nothing more than an electric Panamera (you nailed it with the comparison) therefore will depreciate the same as any other r car. I cannot imagine that anyone will look for Tycans in 30 years like people look for 993. It is not a cult car like the 911 🤷♂️
And to build in that, I think EV’s are still new enough the early cars will suffer higher depreciation as more makes and models enter the market and technology advances
Luckily this video is not about a Tycan. You Taycoon!
I cannot see Porsche treating owners of used Taycans very well in the years ahead.
I could buy one for 60k, a 4s, but has 120'000km , I dont know if its a good deal as it has so much kilometers... what happens when need change battery?
Great info. Well done on your channel and content.
Does the MSRP shown include dealer discounts and tax credits?
I would buy one over a tesla, but the range is not good enough.. im not buying an EV until the range is over 800 miles.
Where are you driving 800 miles non-stop? How often do you have to drive this much?
If your requirements are 800 mile range then you not driving any vehicle, combustion or EV. Nothing has that range Einstein.
Doesn't having just about the worst efficiency in its class (which given its size/weight/price means of all EV's, full stop) have a lot do with its perceived value as a used buy? Not to mention that by definition this means they're using their batteries harder, which doesn't bode well for their life expectancy. A Model S, for eg. is nearly twice as efficient and its battery could hence theoretically last for nearly twice the mileage.
I had a Tesla and a Taycan. A model S is not twice as efficient. The model S is about 10% more efficient.
And I doubt Porsche EV buyers care that much about efficiency if the range is fine.
You can easily do 350km with the small battery and 400km with the big battery. You can charge in 20min. What more range or efficiency would you need ?
BS Taycan base when I purchased 2 years ago was 79k now its. 91k. And I can still sell for 70+k
Good for you. Unfortunately for other owners, your experience is not representative for the market.
hey can you do a vid about bmw for example bmw e92 m3
The only thing holding up Porsche prices is low supply.
no used Taycan due to battery life is also decreasing.
That car is to much expensive. Löw Range for that Price is verry bad.
Porsche 993 ..?
Here's a Porsche EV you're gonna love!!
th-cam.com/video/44IHYmyMiWw/w-d-xo.html
I have seen more and more of these stories popping up.
@@fourwheeltrader This guy really took a beating.
As all electric cars....
It's pretty fugly. Just big and mis proportioned.
Overpriced. Along with many other Porche models.
Dutch view 😂
To this guy, every Porsche car depreciates unless it’s a freaking 911.
He fails to remember that the WORLD is shifting to EV’s and soon petrol cars will not even be allowed to be sold in many countries so even if their prices increase because of them being “rare”, they won’t be able to be driven on roads anymore and can only be a museum piece in one’s garage.
I have a Taycan but I don’t care how much value it loses. To me this car worth it’s money. The look, performance and handling is absolutely amazing
For the money should've got a 911 bro that thing don't lose money
We talking about 4 doors lol. I have two kids to take with me and wife. Taycan is great daily car if you have people to take or even yo some short trim if the area has charges like where I am
Couldn’t agree more
@@BiragovDetailingthat’s the reason I went for my Taycan GTS, it’s a great daily practical daily driver with great performance…
The only thing that’s sucks they removed mamba green color from options and now it’s PTS plus $30K! We got mamba for $800 lol. I’m planing to trade in for facelift Taycan but don’t know what color now
Perfect timing - we've been looking for a used Crossturismo! Appreciate the insight and analysis!
🪄✨ Made with SummarizeYT
0:02 - Porsche Taycan prices depreciated by 26% during the last year.
0:15 - Expensive models depreciated more than cheaper ones, making them more attractive.
0:40 - In May 2023, there were 712 Porsche Taycans listed for sale in the US market.
0:54 - Base models start at $75,000, but supply is limited at that price point.
1:01 - The S model starts at $99,000, $10,000 more than the base model.
1:28 - Turbo models start at $120,000, $20,000 more than the S model.
1:44 - GTS models are priced at $140,000, between the S and Turbo models.
2:43 - Porsche Taycans are expensive, but depreciation rates are high, making them more affordable for buyers.
3:13 - Base and S models experienced a depreciation rate of 16.3% and 24.8% respectively.
3:39 - Cross Turismo models saw a depreciation rate of 20.5% (base) and 21.5% (S).
6:14 - Prices of sedans are plummeting, with turbo assets dropping by 26.3% in one year.
6:49 - Depreciation rates are high, making more expensive models relatively more attractive.
7:01 - Taikan prices are decreasing, similar to other cars in the market.
7:44 - Depreciation rates of Taikan and Panamera models are similar.
9:23 - Older Panamera models lose less value compared to Taikans.
10:01 - In the first year of ownership, expect to lose 20-30% of the car's value.
11:06 - Models next up in the hierarchy offer better value for money.
what a breakdown. thx
The Taycan is about to get a full mid cycle refresh updated a lot of the car. These prices will drop even harder in the next 6-12 months. A used Taycan 4S could be quite appealing at $70k.
That’s true!
What do you mean by full mid cycle refresh update? An updated design in 2024 or you mean some kind of software update that will be applied to new and used taycans?
It’s appealing until you have to charge it at an Electrify America station, then you realize their network is total garbage.
My turbo s Taycan is the best car I’ve ever driven in terms of every day driver. You guys are just jelly.
Feel the same way about my SF90. Perfect everyday car.
Yep, they don’t have what it takes to buy these cars and salty. And I am talking buying it in cash, no loan or lease.
@@Integr8d not sure about the every day driver, but I wouldn’t complain!
Also, all current EV models with low range capabilities will depreciate hard when longer range revisions are released! It’s a game the manufacturers are playing at the consumers expense! Plus the technology is improving rapidly!
Anyone that has enough money to afford this will just trade it when better versions come out
Your statement shows its not some sinister game the manufacturers are playing. It's the natural progression of technology. Should a new model be released only when it hits some arbitrary new range capability? You'd have a point if the technology wasn't improving, rather it was already there, but the manufacturers weren't releasing it. But that wouldn't happen, that'd be bad for business.
Taycan's have a range of 430km to 550km WLTP range. That is in line with most new models on the market today. So today that is not an argument.
HAHAHA, LOVE IT! DRIVING GREEN COST YOU A FORTUNE LOL!
Because people know the whole electric car thing is a crock.
Nobody wants these cars, it’s that simple.
Electric bore-fest.
As a tesla 3 owner, the build quality is terrible the range is never what they say it should be and its incredibly boring to drive. It was bought for tax reasons.
So a fancy electric appliance that people are still largely on the fence about is losing value like crazy huh?😅
Just buy the car and enjoy it. Its a fun performance car not a maths lesson.
Exactly. If you cannot afford a $100k+ toy, that’s on you. Hate the player, don’t hate the game.
I’m going to wait another year or two for the price to drop to,about 40k and snatch me up one with low mileage and say LOOK AT ME EVERYBODY I’M DRIVING A PORSCHE 😃😃😃😛
I assumed these were EV’s and thus have zero interest…
As Porsche Taycan drivers learn more about the hopeless public charging network reliability in the USA, it’s no surprise to see so many used Taycan’s on the used car sales market with what appears to be high levels of depreciation. This is just my observation.
Of course they are. EVs are a scam. You will pay for battery cell failure and all other situations of battery powered cars. You WILL pay over 10000 euros within 50000 miles if you buy an EV. Even Porsche buyers will not stand for this!
Porsche to me represents the ultimate sports cars so it’s not surprising the sedans are depreciating more rapidly than my 718. Thanks for sharing & if you haven’t test drive a 718 yet please do as they are FUN!!!
70% of Porsche autos made and sold are SUV's. Porsche is mainly a SUV auto maker.
@@larryc1616 that’s just sad to me. It’s a business
@@asianfilmfan1 Porsche was going bankrupt selling only 911's so making SUV's saved the company 20 years ago. Gotta do what you gotta do. Now if you can't make profitable ev's , all legacy auto will go bankrupt soon.
@@larryc1616Their near bankruptcy and subsequent buy out had nothing to do with SUVs.
986/996 was the savior, cayenne just a cash cow
One thing that certainly isn’t helping residual values is the alarming amount of them are lemon law buybacks which have branded titles and should sell for significantly less as they are never eligible to be CPO’d. Some dealers act like it’s no big deal but it actually is a very big deal
Hadn't heard that! I'll have to do some research on this, so thanks for raising this point.
Can you explain a little further? What is a lemon law, and CPO’d?
@@tooflyablegoogle?
That's super vague. Got any actual credible information? Porsche uses the Toyota quality ethos, so your statement elicits nearly as much skepticism as if you said an alarming number of toyotas were lemons.
Audi I could understand lol.
@@SoullessPolack how is my statement super vague?? And what type of credible information sources would you like exactly? I just made a general statement as someone that is very familiar with the preowned Taycan market, but it isn’t up to me to prove to you that there are a significant number (relative to other brands) of specifically 2020 and 2021 Taycan models which were bought back by the manufacturer for various different reasons, get on Autotrader or Cargurus and start looking at vehicle history reports and see for yourself instead of questioning or being skeptical of my comment
And LOL on comparing a car like the Taycan, that pushes the envelope on new technology and uses advanced systems that had not been used prior, to a Toyota (who while admittedly produce ultra reliable cars) because they stick to the basics that they know and have been producing for years
I have a taycan turbo. You don't buy a taycan for value. You buy it as a flex. The tech in it is crap tho.
Crazy that people actually bought these. Nonsensical really IMHO
I got a Tesla Model 3P+ in 2018. I saw no reason to waste $130k on a Taycan. My car ($70k originally after rebates) competes with a 911 C4 in performance at near-legal speeds (0-60 in 3.2s). The Model 3 clearly competes with the 911 in the looks department, too, with a frog-like appearance from the front but my car has 4-passenger 6'er space like a Panamera ... My car is 4Y old and my expenditures for electricity & repairs? $0. I get free electricity for life on my car ... The USA price on the Tesla Model 3P+ is now $54k, I predict Porsche is in big trouble with these Tesla prices ...
Thank you very much. Looking next year for a 2020/21 4S with Performance Battery and some extras. Should be a good bang for the buck 😬
I'm waiting for the 50ks to pick one up
For god's sake just call the 4S the 4S!
Glad I bought a 2019 Honda Civic Type-R. Screw this EV fad. No one wants them. Decided to check Vroom to see what they think my Type-R is worth and they are offering me $38,000 for it and it has almost 44,000 miles! That's what I paid for the car back in 2019. Zero depreciation. Gotta love Honda ICE vehicles :)
In other words: the Taycan is deprecating at historically normal rates for any automobile. The last 2.5 years of zero depreciation have been an anomaly. Back to normal.
The rest of the auto market will catch up in the second half of 2023.
Taycan depreciation is not interesting. Up until 2019 it was typical for any car to lose 30% of initial price the moment you drive off the lot, then 10% every year after that assuming 12,000 miles per year.
Cars depreciate. They are not an investment.
Yes, it seems that we are going back to 'normal'.
It is a good first attempt to EV by Porsche but the price tag and real life car autonomy are ridiculous
Dont own this car out of warranty. Battery replacement on American car is expensive. Can you imagine a Porsche?
@ArbitraryFilmings the difference between ICE is that individual pieces can be replaced to fix it and bring it back to operation.
With BV you will find most components are repairable, just throw and replace.
Groundbreaking news - used, mass-produced cars depreciate!
Not surprised to see taycan prices drop. With 200mile range who the hell wants that garbage for the list prices they started at. I’d buy one for $50k not a penny more.
I will buy 3 in cash if $50. me, wife and son all gets one.
Dont worry 2035(Gas engine ban) gasoline sports cars will skyrocket in price. Electric cars and old computers and smart phones have something in common....they go down in value fast and after 2-3 years nobodys wants them.
I’m looking at a 2020 Taycan 4S CPO with 12k miles on it for $83,500. I don’t think it will lose all that much over the next 2-3 years. Trade in value are about $74,000 right now.
New facelifted taycan coming out later this year for 2024 cars, expect gen 1s to decline a little further.
So I ended up buying that car for 79,900. I looked at MMR and the last five sales in the region were between 78,000 and 80,000 at the auction. All those cars had higher miles. I’m pretty happy with my deal. Curious to see where the market goes from here.
How has the car been ? im looking at a 2020 taycan base
@@savethev8336
Could we get a review of C63s and M3/M4 please?
Such a good looking car
If u wanna depreciate so much in panemeras, might as well depreciate just as much in a taycan, at least there’s less fuel and maintenance costs. For those wanting a drivers experience, u are in the wrong cars 😂
Another factor was loss of 7500 eve credit. So my 20k year one depreciation on my 22 is more like 12.5k
* * And this is only the beginning...the new price will soon go down 50% or more ! * *
Just bought nearly new zoe for £14K. Amazing. Cost £33K new. ALWAYS buy second hand ❤
please can anyone explain to me where a turbine is on an electric car?
Woow, so many people taking the opportunity to blame EV's.
Didn't you see in that he made the comparison with the panamera. That depreciated in the same way and is an ICE vehicle !
So the depreciation is really NOT related with the fact that it is an EV.
If you need more prove, look at Model S and Model 3 depreciation. It is also in line with, or better, than the general automotive market.
The people that are writing that EV's are not fun to drive or that the Taycan is low quality: they clearly never driven a Taycan.
Today in the news was a man in France who drove 200000 km in 2 years with his Taycan. He had only one sensor failure during that time.
Where to take these cars once the warranty expires? Hardly any indy shop mechanics out there are familiar with the complex electric systems of these advanced vehicles .. So it could be a financial suicide to buy one used and deal with the expenses later on, hence that could be a reason for such a rapid price drops.
You could say the same thing for a Tesla or really any vehicle sold nowadays with a lot of tech.
@@TDeslipyep, people are just salty since they don’t have what it takes to buy one. And I mean in cash, not 84 months loan or lease.
Porsche has no mid sized sedan and they would sell really well. You have get a giant Panamera or electric. I have the 991s and Audis. There is no equivalent to the S4. They could start with that and further develop it. The Macan is mid sized but too heavy and that makes it handle poorly except for the average driver.
That would be a great addition to their model range I think. Would love a Taycan with the Panamera drivetrain.
Overpriced car, EV are just a very bad investment.
Anyone that puts a lot of money into an electric car needs their head looking at. just buy a leaf and a 911 ffs. once 8 years old all ev's become worthless.
because it's heavy, over sized and very inefficient. looks nice, drives nice, but it ends there.
so panamera or taycan ? It seem like both are similar on depreciation ?
Yes, similar figures.
No one wants a first gen anything. Guaranteed reliability problems as these cars age.
Ever new car loses money, cars are not investment, nothing is an investment is a modern day creation,
Jaguer f type
Check out my latest video.
Calling an electric car model a “Turbo” is nothing short of ridiculous
While I’m sure it’s a nice car I wouldn’t touch any of the Taycan’s, this is a first generation EV for Porsche so there is zero EV learning in this car. The next generation will be better but even that will not be entirely competitive. By the third generation the technology should start to be mature, the legacy auto makers have shown they don’t know how to build EV’s yet, it’s going to take time to catch up with the likes of Tesla.
Front looks ugly but this car much better even the Audi E Tron GT
Nice!
Taycan is miles behind Tesla from battery range to infotainment. You can keep your prices high but the car needs more range and needs to do away with a lot of the touch screen controls. I love the car but lets give them a few more years to catch up
Well obviously, there is drastic depreciation for electric cars since the batteries won't last much longer for the next owner after the original lease expires.
Yes, I don't expect the depreciation curve to flatten out like an ICE car. Even if batteries become more easily swappable, the car will continue to depreciate to wholesale scrap value.
@@richardliles932 Tesla model S curves flatten out. Even very old model S's are sold above 30000 euro in my neighbourhood. Even with +200000km on them.
Plenty of Turbos right at 100-110 now.
WTF? They are not collapsing 🤮🤮🤮
I’m about to get a Turbo S for under 100k!!
I’m surprised anyone is buying them.
Don't buy new evs
Good analysis, appreciate the work.
I wonder how long the batteries in this car last and is the cost of taking care of it less or more than normal cars? What is the price of the battery with replacement?
~75kUSD
My 2020 4S lost 7% SOH during it’s first 1,5yrs/52000km. Then the rear motor blew. At 58000km. After 2 months in the repair shop I got it back and spent the next 2 months wondering what to do. I swapped keys even Steven for a CPO 2018 base Cayenne (E3) and pulset be happier. Got 3 yrs PAW thrown in the deal on the Cayenne and it’s been an absolute dream, even though I had new tyres, brakes and a starter motor fixed/replaced under warranty, and I still got 2,5 yrs of PAW left. I’ll never ever buy a premium EV again as my number one family car. They expire on date crazy fast and they’re horrible to live with. You end up with a melted brain and all
joy in life is sucked out of you.
The new BMW x1 model
This is happening across the whole Battery powered car marked,
I had a Taycan and it lasted 5 months in my garage. Coming from 911's and my wife's Panamera it was by far the worst Porsche I ever owned. Too heavy, too buggy, too boring - it's not a Porsche in my opinion and EV's are just goofy vehicles to begin with. I dumped it about 8 months ago because I saw the huge depreciation wave about to hit - my 992 arrives in 2 weeks and I haven't even thought about the Taycan once since. Oh and they are STILL trying to sell my old Taycan, for less than they gave me for trade-in.
What color’s your Taycan?
At my local Porsche dealer. They had four of them in the garage and they were unable to figure out what was wrong until a specialist arrived. At least with my old Tesla any Tesla technician can work on it.
Well noone wants to buy a used ev