The Pros And Cons Of Buying A Used Porsche Taycan

• Pros
  • Depreciation Benefits
  • Porsche-ownership on a budget
  • Practical sedan body style
• Cons
  • Sub-par driving range
  • Battery capacity depletion
  • Poor charging support (Tesla Supercharger Compatible Soon)

A Used Taycan’s Biggest Draw Is The Savings

The undeniable attraction of a used Taycan lies in the potential for significant savings. As per YouTuber, Fourwheel Trader’s data, depreciation rates have been substantial, reaching up to 40% for some models compared to new examples. This translates to a hefty chunk of money saved on acquiring this EV super sedan. For some context, when new, a 2020 base model Taycan started at $99,000 while the top-spec Turbo GT cost $230,000. Of the bunch, the GTS model suffered the least in terms of depreciating %34, but that still translates to close to $50,000 gone, since May 2022.

While depreciation is still a reality, there are indications it might be easing up. Data suggests a decrease in the rate of price decline, particularly for older (2020 and 2021) models. This could be a strategic window of opportunity to buy before prices stabilize. The used Taycan market seems to be finding its footing. Inventory levels are becoming more stable. This shift suggests a more balanced market where used Taycan prices might become more predictable in the future.

Despite the potential slowdown and sub-par 200-mile driving range on older Taycans, depreciation remains a significant factor. This is a crucial element to factor into your long-term ownership plans. The standard warranty on a Taycan covers 4 years or 50,000 miles, but crucially, it excludes the battery. The battery itself has a separate warranty that lasts for 100,000 miles or 8 years. This means that warranties on some older models (2020) might be nearing their expiry date. Consider the cost of an extended warranty to ensure peace of mind, especially if you’re planning to keep the car for a longer period.

A Potential Achilles Heel Is The Battery Replacement Costs

There have been some reported issues with Taycan batteries. It’s vital to factor in the potential cost of battery repairs or replacements, especially as the car ages. As per the Porsche forum site Rennlist there have been battery issues with 60% of delivered Taycans, as per a post from December 2021. During your research, prioritize Taycans with a clean battery health report and service history as a battery replacement can set you back anywhere between $14,000-$18,000.

The allure of the Taycan goes beyond financial considerations. It delivers a thrilling electric driving experience with exceptional performance, luxurious comfort, and the undeniable Porsche pedigree. Owning a Taycan, even a used one, allows you to experience the future of driving today. A used Taycan can be a compelling proposition for the buyer who prioritizes significant savings on a luxury electric car. However, it requires a calculated approach.

Here’s What To Do Before You Buy A Used Porsche Taycan

Research Extensively and do a deep dive into used Taycan market trends, depreciation rates, and commonly reported issues. You should also factor in the potential cost of an extended warranty based on the model year and remaining warranty coverage.

• Prioritize Battery Health: Seek out Taycans with a clean battery health report and documented service history.

• Always get a Pre-Purchase Inspection: Have a qualified mechanic thoroughly inspect the car, particularly the battery’s health and overall condition.

• The Supercharger Advantage: Porsche EVs will soon be able to tap into Tesla’s Supercharger, greatly improving the EV ownership experience and making long-distance trips a possibility.

By carefully considering these factors, you can make an informed decision about whether a used Taycan aligns with your budget and expectations. Remember, purchasing a used car always involves some inherent risk. However, with a data-driven approach and a healthy dose of caution, a used Taycan could be your gateway to the exhilarating world of electric luxury driving.