I highly doubt the original owner felt any pain for paying that price! These people work hard, make the money, enjoy the “best”and move on to another “best”. Rinse and repeat. They have resources and limited time on Earth.
your wrong on the net zero. (just because you dont see something doesn't mean its not happening, enlarge your world to see more) your car doesn't emit but how do you think electricity is created for your car to use?? your car, when its disposed of, will cause even more environmental damage than a renewable combustible I.C.E. car. so in fact you will pollutant more than none battery cars. look it all up people!!! from digging up material for the battery, to disposable lithium batteries (this is why you not supposed to just toss cell phone and laptops into the garbage), to needing new tires way more often, to where the tires are actually leaving rubber on the roads as they disintergrate, etc....
Bad financial decision. These cars are cool but for people whose lives aren’t affected in any way if they need to replace a $50k battery that the warranty won’t cover because of a little scratch underneath, or if the car depreciates like crazy. When you have to finance 95% of the cost at 15% interest you shouldn’t buy it!
So many things wrong with this video. 1) Your title is misleading click bait You didn’t lose 82k. You bought it used for like 102 and 3 months later the market was like 95. 2) Any moron who buys a 102k car and increases the price 60% with 60k in options will and deserves to lose big time. Everyone knows you never get the money back on Porsche options. No book value calculator is nuanced enough to factor any of that in to pricing. 3) buying a car then immediately comparing it to a trade in value calculator 2 months later and not expected a massive difference needs a reality check 4) These are the first wave of high end electrics and Porsches first. Everyone was waiting to see what the Macan ev would pan out to be and what the face lift Taycan would be. The new macan ev is cheaper and has more range. The new Taycan has way more HP and 40% more range. These are all factors in play as well. 5) Battery tech is still not well understood by most people. The LG pouch cells still don’t have a wonderful long track record like say that Samsung SDI prismatic cell in the bmw i3 that has a 10 year track record with some of the lowest degradation and very conservative cycle counts to 80%
Me and my appreciating 2009 AMG. As soon as V12's went extinct at Mercedes the SL65's gained about $10k a year from 2018. I can even borrow against the equity like a house and invest in Ai stocks. Then buy another one. A better Porsche to appreciate is the last and current 500hp 718 Boxster Spyder RS because the EV Boxster will weigh many hundreds of pounds more and feel less effective. Much better choice than the Taycan used because at some point a $42,000 battery will be necessary to restore capacity to brand new. [Like a cell phone]. It's not that it needs a new battery to operate, It's the fact that some buyers insist on original driving range after years of battery deterioration in EV's. A Boxster Spyder RS will put you back in command of the vehicle value game.
The Audi RS etron GT (shares platform of Porsche Taycan) also has a sticker price of $160K new and can be had as a 2year old with sub 10K miles for $75K (source: Autotrader). That's almost 60% depreciation in about 2 years.
It's b/c the smart $$$ is finally awakening to the fact ev's are another expensive fad/scam > Lease is the only viable option for ev unless money is not important...which for most Porsche buyers (who buy new from the Dealer) is the case > that Taycan today 10+ mos later is likely down another $15-20K ...& being a 2020 ev is considered a dog...w/fleas.
Keep in mind that when you buy a CPO car you’re paying full retail - the dealer markup on a 100k CPO car will be around 15-20k so, yeah, you’ll lose that right off the bat
Cash buyers are also greatly affected by the market. If you have to sell a car in the current conditions, you'll take the hit. What you gain on one side, you'll loose on the other. An extra car sitting on your driveway ain't particularly a rational decision, the exception being an exclusive exotic or oldtimer, those can potentially turn out to be an investment instead of a depreciating asset.
Obviously to get the full benefit of the ventilated seats, aircon and to cover the massive burns from the Porsche depreciation (sorry couldn't resist).
Many buyers of high dollar vehicles are 'Business Owners',...and they often "Lease" the vehicle as Corporate Liability/Asset. The cost to lease is written off as a liability under the business (...and the vehicle is enjoyed by the driver (not owner,...as it's leased to the company) as a perk! How do I know,...because I actually negotiated a lease of a BMW 650 Convertible for a company I once worked for. The vehicle was registered to the business,...but the VP was the user/driver of said vehicle. Once the lease is over, they simply return the vehicle and start a new lease on another vehicle of their desire and the company's budget!
Goes onto explain goofy dumb"net zero" licence plate but avoids mentioning the greenhouse gases used to harvest the battery materials, to fuel the factory that uses melting steel to make the chassis... Truly living in a bubble devoid of common sense. Edit: atleast its capable of sinking a massive shipping vessel
@ true.. I did mention it takes the car to be driven about 30k miles for the true net carbon compared to ICE vehicles. Yes, very aware these car still require fossil fuels to be built. Thanks for watching!
I'm completely off topic here, sorry. Just when I hear "it's hot" I don't expect to see a person wearing a hoodie. I'm sweating even wo a t-shirt here.
Great content! I feel your car normally, is worth a bit more than $100k (2020 with only 18k miles). However, what's depressing the prices is the high interest rates for car loans even with good credit.
I wish more people understood this! A strong economy equals higher interest rates which equals higher car payments which signficantly depreciates the car's value!
I’m in Dallas and in the market for one with this exact spec! You trying to sell? Update! I just checked Autotrader. I can get a Turbo S for 99k now in 2024 and it only has 15k miles and it’s a 21.
I just got a 2021 4s for 102k CPO. It only had 2500 miles on it. Fully loaded with ceramic brakes, performance pack and premium package. I expect it to drop a bit more but it's a ton of car for that price. I think at some point you just need to love it for what it is and not worry about the money. When the lease is up in 36 months the residual will be 55k. I expect it will still be worth more than that but who knows?
You should see me walking up, men it's not pretty at all 😮. I have kia Ev6 as a drive, and I had the opportunity to test drive Taycan, and it's my kind of car. It's was only a issue to get in and out of it😅. I'm 57 by the way😊
You go to the casino and keep winning and get surprised when you lost your rear homie probably got a 72 month loan. Just said negative delta these couches on wheels aren’t options😂
Congrats again on the purchase. In Massachusetts we have dedicated EV plates, probably so they can charge us more, haha. Think of an EV as a cell phone & the picture becomes clear because IMHO that's how they're perceived & the depreciation reflects that. You can only hope that anyone who can afford a $200K vehicle can also afford to take the hit.
Right, hence why I now drive a Tesla Model S Plaid, the Tesla charging network is hard to beat. Porsche Taycan is a better car for sure, but Tesla has better, range, tech and supporting infrastructure. Thanks for watching!
Taycans are depreciating like rocks. So glad I traded my 2022 4S Cross Turismo back on Feb-2023. Lost 25k and that was enough. I am off the depreciation wheel.
So, you absolutely allowed no value to the 2 years you drove and enjoyed the vehicle?! Geez just want to drive it for free huh? Typical. NEWS FLASH cars don't appreciate, so the loss you experienced is from higher interest rates, the fact that you owned, drove and got enjoyment from the car, and a new model vehicle being released each year! Luxury vehicles depreciate even faster due to parts, repair cost and dealer amenities you pay for when you go in for service. So, you didn't lose $25k, you paid $25k to drive, own and enjoy a new luxury vehicle...if that's too rich for your blood, then buy a Hyundai.
@@reb1225 no interest rates here I pay cash for all of my Porsches. I am on Porsche number 11 and never saw depreciation like this. My 2022 718 Spyder has gone up in value and my 2023 Macan GTS remains rocksolid. Smart investors know when to get off the train.
@@chuck121370 Funny! A smart investor would not pay cash for a vehicle and would have also known I wasn't writing about interest rates that YOU are actually paying through monthly payments, rather inflation contributed to the dramatic increases in interest rates so in general resulting in extreme depreciation on vehicles. All vehicles! But whatever you need to tell yourself, Mr. Smart Investor. 🤣
Tesla is not a luxury vehicle and is simply a practical EV. The Taycan is for those of us that value luxury, style, tech and looks over a noisy, misaligned, tin-box with more range. My teenage son's M3 drives like tinker toy compared to my TS. Not even close. And no, I don’t give a crap about the plaid’s 0 to 60 time.
50% depreciation in 3 years is pretty normal for any luxury car.
As an owner and purchaser of several luxury vehicles, YOU ARE SPOT ON! It is what is it and you have to PAY to play.
Luxury cars are status symbols and they lose status with age.
You are right but it’s a bit abnormal to see them continue to depreciate at the same rate or higher going into year’s 4 and beyond.
a lot of the leases ended and the supply went up
Not any, lexus, Rolls-Royce Bentley just to name a few hold more then 50% after 3 years.
I highly doubt the original owner felt any pain for paying that price! These people work hard, make the money, enjoy the “best”and move on to another “best”. Rinse and repeat. They have resources and limited time on Earth.
💯
Actually. The guy probably leased and turned it in. A whole bunch of 2021 lease returns happening right now.
I fail to see how you lost $82k on your Taycan. Besides the misleading title, I'm enjoying the Porsche content.
your wrong on the net zero. (just because you dont see something doesn't mean its not happening, enlarge your world to see more) your car doesn't emit but how do you think electricity is created for your car to use?? your car, when its disposed of, will cause even more environmental damage than a renewable combustible I.C.E. car. so in fact you will pollutant more than none battery cars. look it all up people!!! from digging up material for the battery, to disposable lithium batteries (this is why you not supposed to just toss cell phone and laptops into the garbage), to needing new tires way more often, to where the tires are actually leaving rubber on the roads as they disintergrate, etc....
Bad financial decision. These cars are cool but for people whose lives aren’t affected in any way if they need to replace a $50k battery that the warranty won’t cover because of a little scratch underneath, or if the car depreciates like crazy. When you have to finance 95% of the cost at 15% interest you shouldn’t buy it!
Traction battery has 8yr, 100k mile warranty
@@nerdbikes3841 don’t worry, they won’t honor that :)
@@gimaru1 how do you know?
So many things wrong with this video.
1) Your title is misleading click bait You didn’t lose 82k. You bought it used for like 102 and 3 months later the market was like 95.
2) Any moron who buys a 102k car and increases the price 60% with 60k in options will and deserves to lose big time. Everyone knows you never get the money back on Porsche options. No book value calculator is nuanced enough to factor any of that in to pricing.
3) buying a car then immediately comparing it to a trade in value calculator 2 months later and not expected a massive difference needs a reality check
4) These are the first wave of high end electrics and Porsches first. Everyone was waiting to see what the Macan ev would pan out to be and what the face lift Taycan would be. The new macan ev is cheaper and has more range. The new Taycan has way more HP and 40% more range. These are all factors in play as well.
5) Battery tech is still not well understood by most people. The LG pouch cells still don’t have a wonderful long track record like say that Samsung SDI prismatic cell in the bmw i3 that has a 10 year track record with some of the lowest degradation and very conservative cycle counts to 80%
102, so wear a hoodie... Might cause brain melt or maybe it melted long ago...
@herlegz6969 😂
I’m a 25 year old pilot. As soon as i meet the prerequisites to join the airlines i’ll get myself a 718 boxster with 30k upgrades. 👻
Please dont, invest in some real estate and other investments. Then, you can own that boxster.
Me and my appreciating 2009 AMG. As soon as V12's went extinct at Mercedes the SL65's gained about $10k a year from 2018. I can even borrow against the equity like a house and invest in Ai stocks. Then buy another one. A better Porsche to appreciate is the last and current 500hp 718 Boxster Spyder RS because the EV Boxster will weigh many hundreds of pounds more and feel less effective. Much better choice than the Taycan used because at some point a $42,000 battery will be necessary to restore capacity to brand new. [Like a cell phone]. It's not that it needs a new battery to operate, It's the fact that some buyers insist on original driving range after years of battery deterioration in EV's. A Boxster Spyder RS will put you back in command of the vehicle value game.
YOUR TITLE IS MISLEADING. You bought for 105,000 and the current value is 90,000.
A loss of 15,000.
A big loss, but you did not loose 82,000.
The Audi RS etron GT (shares platform of Porsche Taycan) also has a sticker price of $160K new and can be had as a 2year old with sub 10K miles for $75K (source: Autotrader). That's almost 60% depreciation in about 2 years.
Yep, I have owned both and posted the updates on my channel. Thanks for watching!
It's b/c the smart $$$ is finally awakening to the fact ev's are another expensive fad/scam > Lease is the only viable option for ev unless money is not important...which for most Porsche buyers (who buy new from the Dealer) is the case > that Taycan today 10+ mos later is likely down another $15-20K ...& being a 2020 ev is considered a dog...w/fleas.
Keep in mind that when you buy a CPO car you’re paying full retail - the dealer markup on a 100k CPO car will be around 15-20k so, yeah, you’ll lose that right off the bat
Cash buyers are also greatly affected by the market. If you have to sell a car in the current conditions, you'll take the hit. What you gain on one side, you'll loose on the other. An extra car sitting on your driveway ain't particularly a rational decision, the exception being an exclusive exotic or oldtimer, those can potentially turn out to be an investment instead of a depreciating asset.
i’m from texas. why are you wearing a hoodie in the heat?
Obviously to get the full benefit of the ventilated seats, aircon and to cover the massive burns from the Porsche depreciation (sorry couldn't resist).
Many buyers of high dollar vehicles are 'Business Owners',...and they often "Lease" the vehicle as Corporate Liability/Asset. The cost to lease is written off as a liability under the business (...and the vehicle is enjoyed by the driver (not owner,...as it's leased to the company) as a perk! How do I know,...because I actually negotiated a lease of a BMW 650 Convertible for a company I once worked for. The vehicle was registered to the business,...but the VP was the user/driver of said vehicle. Once the lease is over, they simply return the vehicle and start a new lease on another vehicle of their desire and the company's budget!
@JMD535 really great insight, thanks for sharing!
Goes onto explain goofy dumb"net zero" licence plate but avoids mentioning the greenhouse gases used to harvest the battery materials, to fuel the factory that uses melting steel to make the chassis... Truly living in a bubble devoid of common sense.
Edit: atleast its capable of sinking a massive shipping vessel
@ true.. I did mention it takes the car to be driven about 30k miles for the true net carbon compared to ICE vehicles. Yes, very aware these car still require fossil fuels to be built. Thanks for watching!
Why don't you just lease if you switch cars all the time?
I'm completely off topic here, sorry. Just when I hear "it's hot" I don't expect to see a person wearing a hoodie. I'm sweating even wo a t-shirt here.
hilarious tangent about getting older! Loved the video man keep up the great work
@andrewcheng716 thanks brother!! Hope you watched all the way to the end to enjoy that cold start!! 😎
The reason your functionality depreciates is because you move less. Start fitnessing!
I just bought a loaded 2021 4s CPO for $92k. It had a msrp of $149k. I’m not worried about the depreciation at this price because I’ll drive it a lot.
Depreciation doesn’t affect you if you don’t sell it. 😂😂😂 Enjoy your Taycan, it’s a great vehicle.
Great content! I feel your car normally, is worth a bit more than $100k (2020 with only 18k miles). However, what's depressing the prices is the high interest rates for car loans even with good credit.
I wish more people understood this! A strong economy equals higher interest rates which equals higher car payments which signficantly depreciates the car's value!
How is your interior holding up? I have the same interior.
How do you plan on putting the front license plate on your vehicle, assuming there are no holes in the bumper?
I’m in Dallas and in the market for one with this exact spec! You trying to sell?
Update! I just checked Autotrader. I can get a Turbo S for 99k now in 2024 and it only has 15k miles and it’s a 21.
Yep, I actually own a Tesla Model S Plaid now and selling soon. Getting myself a Taycan Turbo S.
@@car_connections_392 nice! How did you like that Plaid?
It’s nice and extremely fast, but not a Porsche.
I just got a 2021 4s for 102k CPO. It only had 2500 miles on it. Fully loaded with ceramic brakes, performance pack and premium package. I expect it to drop a bit more but it's a ton of car for that price. I think at some point you just need to love it for what it is and not worry about the money. When the lease is up in 36 months the residual will be 55k. I expect it will still be worth more than that but who knows?
Must have come down another 10K since then…
Thats me... I paid $185k new for a 2021 -- its now worth $85k. Sucks. I am back to ICE and could care less about EV's.
You should see me walking up, men it's not pretty at all 😮. I have kia Ev6 as a drive, and I had the opportunity to test drive Taycan, and it's my kind of car. It's was only a issue to get in and out of it😅. I'm 57 by the way😊
Well buying cars as investments to just flip them comes with risks. Just like any other industry.
💯
Taycans in Canada came down $15,000 between September and October 2023. I can guarantee another $5000 off by December 2023. Patience!!
You go to the casino and keep winning and get surprised when you lost your rear homie probably got a 72 month loan. Just said negative delta these couches on wheels aren’t options😂
These are facts! Love this type of candid content
Market is definitely wacky - good video brother 💪🏼
@GuysTalkingCars thanks for the continued support!!
@@car_connections_392 💯
not wacky, EVs lose value much faster.
Great video mate 👍 Agree with you about creaky joints too.
Congrats again on the purchase. In Massachusetts we have dedicated EV plates, probably so they can charge us more, haha. Think of an EV as a cell phone & the picture becomes clear because IMHO that's how they're perceived & the depreciation reflects that. You can only hope that anyone who can afford a $200K vehicle can also afford to take the hit.
@johngalt5411 your comment makes perfect sense. If you have the bag to drop 200k , you should be fine.
Good content; Bad clickbait title
Bad facts, lots of cars at 8-10% off sticker now including Porsches.
I always laugh when people call sweatshirts sweaters. 😂
I have been looking at Model S vs Taycan. Tesla charging network is hard to beat.
Right, hence why I now drive a Tesla Model S Plaid, the Tesla charging network is hard to beat. Porsche Taycan is a better car for sure, but Tesla has better, range, tech and supporting infrastructure. Thanks for watching!
such a great car...victim to ascending tech.
Subscribed from Houston here. 🤘🏾
Listed for $60k now
In the UK it wouldn't be worth much more than £45 grand
Dude you need to get to the gym I’m 58 and have none of those symptoms but I’m jn the gym 5 days a week working out and playing basketball
“Thanks”
I've been playing the exact same car game for 46 years and I'm currently on my 47th car.
I must get a car that I can program to raise the ride height as I approach my drive!
Cold Start 🤣 Love it
@deepblue3741 😂👍🏻😎
during covid it was a low supply and high demand market
Taycans are depreciating like rocks. So glad I traded my 2022 4S Cross Turismo back on Feb-2023. Lost 25k and that was enough. I am off the depreciation wheel.
So, you absolutely allowed no value to the 2 years you drove and enjoyed the vehicle?! Geez just want to drive it for free huh? Typical. NEWS FLASH cars don't appreciate, so the loss you experienced is from higher interest rates, the fact that you owned, drove and got enjoyment from the car, and a new model vehicle being released each year! Luxury vehicles depreciate even faster due to parts, repair cost and dealer amenities you pay for when you go in for service. So, you didn't lose $25k, you paid $25k to drive, own and enjoy a new luxury vehicle...if that's too rich for your blood, then buy a Hyundai.
@@reb1225 no interest rates here I pay cash for all of my Porsches. I am on Porsche number 11 and never saw depreciation like this. My 2022 718 Spyder has gone up in value and my 2023 Macan GTS remains rocksolid. Smart investors know when to get off the train.
@@chuck121370 Funny! A smart investor would not pay cash for a vehicle and would have also known I wasn't writing about interest rates that YOU are actually paying through monthly payments, rather inflation contributed to the dramatic increases in interest rates so in general resulting in extreme depreciation on vehicles. All vehicles! But whatever you need to tell yourself, Mr. Smart Investor. 🤣
you can thank tesla for kiccking a$$ and making expensive EVs drop like a rock.
Tesla is not a luxury vehicle and is simply a practical EV. The Taycan is for those of us that value luxury, style, tech and looks over a noisy, misaligned, tin-box with more range. My teenage son's M3 drives like tinker toy compared to my TS. Not even close. And no, I don’t give a crap about the plaid’s 0 to 60 time.