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Just ordered Cross Turismo 4. Not much discount at all. They are making my last two lease payments and pulling forward my Panamera lease by 6 months (total 8 months) to help me with timing.
I don't think there is a limitation, but I have found over the years with Porsche that some dealers stamp the warranty on leftovers to show the cars as sold, and then sell them as used even though they are just new leftovers.
I was shopping for a '20 earlier this year and had a few cars 12-15% off, but ultimately backed out. Not sure if Porsche is giving extra money to move '20's at the moment, but there are still a decent amount sitting. This far into '21, you should have pretty serious negotiating power, some of these cars have been sitting on lots since last fall.
That's good to know. Yeah one of my local dealers is already listing new 2020 Taycan 4S at 12% off straight up on their website. I assume 15% off or even higher would be possible with some negotiation. Although for me with the amount of money I'm going to spend, I'm still debating custom ordering a 2021 RWD and getting the exact car I want or getting a 2020 4S from a dealer's lot for a much better deal. Tough decision
Seems to be very similar in Canada. At the Ontario and Quebec dealers, they all seem to have pretty limited inventory of most vehicles, but lots of Taycans. For example, Pfaff, who are apparently the second largest dealer in North America, have 46 new Taycans showing on Porsche Finder, but zero 911s and three 718s. They still have some 2020s. A few weeks ago, I went to Porsche Oakville and they were offering $20k off any 2020 Taycan, but they pretty much sold all of them right away, otherwise I would have picked up a very nicely spec'd Volcano Grey 4S.
For 2021s, the sales guy I spoke to reluctantly offered 2% off. I love the car, but I really don't want to take a huge bath. Given how heavily discounted the 2020s are, and that the 2021 is essentially identical, it doesn't seem like a smart move to pay almost MSRP for a 2021.
I think many potential buyers (including myself for the wife) are waiting to understand depreciation on these cars. It’s an unknown at this point and potentially a big %.
I don’t have any insight on current discounts at my local dealer but they have one 992 (base spec) and about 12 Taycan on the lot. An acquaintance ordered a Taycan Turbo from them about a year ago, later to get a 718 GT4 instead, his ordered Taycan Turbo is still on the lot…
I think many potential buyers (including myself for the wife) are waiting to understand depreciation on these cars. It’s an unknown at this point and potentially a big %.
I don’t have any insight on current discounts at my local dealer but they have one 992 (base spec) and about 12 Taycan on the lot. An acquaintance ordered a Taycan Turbo from them about a year ago, later to get a 718 GT4 instead, his ordered Taycan Turbo is still on the lot…
Hard to imagine them not taking a huge bath considering how many they are pumping out. I currently would love to buy a 4S but not sure I want a potential 50-60k worth of depreciation in 2-3 years.
Hard to imagine them not taking a huge bath considering how many they are pumping out. I currently would love to buy a 4S but not sure I want a potential 50-60k worth of depreciation in 2-3 years.
If you factor in any government credits, I think getting a 2020 4S for ~80% of original MSRP seems pretty reasonable even if it is unusual for a Porsche.
Even at 50% depreciation in 3 years, that leaves you with a "loss" of about $40-45k
MSRP 135,000
Discounts + Gov Credits = 24,000 (rounded)
Actual Cost 111,000 (+taxes/fees)
Resale/residual $67,500 (135k *50%)
Loss 111,000 - 67,500 = $43,500
I think it's clear the Taycan isn't going to have the same residual or resale as a 911. It's probably going to fit in along with the Cayenne/Macan/Panamera on resale in terms of %. The 911 is an outlier not the norm, especially in today's market.
If you factor in any government credits, I think getting a 2020 4S for ~80% of original MSRP seems pretty reasonable even if it is unusual for a Porsche.
Even at 50% depreciation in 3 years, that leaves you with a "loss" of about $40-45k
MSRP 135,000
Discounts + Gov Credits = 24,000 (rounded)
Actual Cost 111,000 (+taxes/fees)
Resale/residual $67,500 (135k *50%)
Loss 111,000 - 67,500 = $43,500
I think it's clear the Taycan isn't going to have the same residual or resale as a 911. It's probably going to fit in along with the Cayenne/Macan/Panamera on resale in terms of %. The 911 is an outlier not the norm, especially in today's market.
I think these are very reasonable numbers. However for me California sales tax would be around $10K which would still put the loss after 3 years in the $50K - $60K range.
Following the thread, I can relate my recent experience with a '21 Taycan purchase....
Dealer provided an allocation for me to custom order exactly as I wanted the car. (end of March 2021)
Returning a 2018 Panamera Base. Lease buy out was ~$58,000
- '21 Custom Ordered Taycan "Base" List $97,080
- 4% Discount - Net $93,000
- Received $8,000 over buyout on my expiring lease - Panamara (Base) applied to the cost of the new Taycan
- Will receive $7,500 Federal tax credit for purchase
- This car will cost me net $77,500 (+Sales Tax) - To my way of thinking this was a good deal.
-
Received the new car on June 18th
Currently, the dealer has NO Base Taycans in inventory (nor does any dealer within 50 miles of me)
Since I could have purchased the '18 Panamera for $58k, for $19,500 I got a "brand new" 2021 Taycan.
From working with Porsche and many dealers, inventory is tighter than ever and demand is very high (as it is for most car brands right now). While 6-8% off on build orders was typical 9mo ago, it's now 2-4% max. There are also more supply issues coming (that aren't announced yet) that might cause further delays and supply chain issues. I've actually listed my Taycan for sale (see signature) mostly because the prices are so high now it might actually make sense to sell it vs. having it sit there for 9mo. From people I've spoken at corporate, they expect the supply issues to dissipate towards the end of the year and into early 2022.
Separate from raw discounts, you seem to have gotten a great deal - helped by the federal discount and the fact that dealers are desperate for inventory and paying above retail for trade-in's. The car looks great btw - enjoy!
Just bought a gently used 2020 4s for $120K. They took off $2.8 to make it 120. Original sticker was $131ish. It was a demo/used by the owner for 6 months so we are actually the first owners. Didn't care about the price too much. My Tesla desiring wife was smitten with the Taycan after driving it so we jumped in and aren't looking back. Still, as much as I think it's a great car especially being electric, it's not my 911. Never thought I'd be a 2 Porsche household let alone newish ones.
I been watching the inventories around where I am at in NYC area. Dealers seem to have a good amount of inventories and deal are to be found. Last I checked last month, they were discounting 2021 Taycan on the lot. I don't think the market in NYC change that much in a month. A lot of friends and family want Taycan but living in buildings/condos, charging is what holding them back.
I been watching the inventories around where I am at in NYC area. Dealers seem to have a good amount of inventories and deal are to be found. Last I checked last month, they were discounting 2021 Taycan on the lot. I don't think the market in NYC change that much in a month. A lot of friends and family want Taycan but living in buildings/condos, charging is what holding them back.
The dealers I work with in the area (Princeton Porsche, Porsche Huntington, Manhattan Motorcars, etc..) have more demand than supply as of a few months ago. There are always one-off deals to be had, but definitely not the same market as late 2020 when I know many were getting up to 8% off on new builds.
P.S. I'm in the NYC-area and am selling mine (see signature) if you know anyone who's interested
I found one of the very last 2020 Turbos in stock at a Toronto-area dealer. It had delivery miles only. Total discount: $30k CAD, plus they CPO'd it for me. Probably not an amazing deal given that it's a 2020, but I was happy and so far absolutely love the car.
