Keep my 4 year old 4s or take some equity and move on
#1
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Long time lurker. I had 4 911s before my current 2020 taycan 4s. In toronto canada. Love the car. No issues. At 45,000 km now. Lease is coming up in fall 2024. 68k buy back. Cdn. In december I had 20k in equity for a 2023 new 4s. But that’s another story. Should I just buy the car and the Porsche warranty for 2k a year. Or move on. To new macan ev. Taycan is going to be too expensive to lease these days. I am a bit afraid of a six or seven year old taycan receiving timely (albeit free with warranty) Feel free to comment.
#2
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if you have any equity you can always sell it to the dealer vs. trade it at lease return.
I'd probalby not keep the car, get into something newer.
the rate of change of EV is like iPhones...
I'd rather have one under warranty.
I'd probalby not keep the car, get into something newer.
the rate of change of EV is like iPhones...
I'd rather have one under warranty.
The following 2 users liked this post by Spyerx:
Dr. G7 (07-04-2024),
usctrojanGT3 (07-06-2024)
#4
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Sorry- can you please clarify "equity"- does that mean you can turn in the car now and somehow receive $20K from Porsche Financial? if thats the case- do it now!
#6
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Definitely sell and take the money. Taycan prices are in free fall (at least here in the US).
#7
RL Community Team
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I find it hard to believe that there is any equity in a used taycan. my car is coming off lease, the residual is 69K, and that is where similar cars to mine are trading at.
'21 taycan 4S, perf. battery, sticker was $134k, it is too much effort to try and squeeze any sort of profit from the car in the current market
'21 taycan 4S, perf. battery, sticker was $134k, it is too much effort to try and squeeze any sort of profit from the car in the current market
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#8
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I had 20k in december when dealing on left over 2023 4s in Toronto. I am pretty sure it has all disappeared based on Porsche finder 4s models with cpo have 93k list price noe.
#9
#10
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Considering that the OP posted this thread 6 months ago and the last post was 4 months ago it seems you will do anything to put down the 2020 Taycan. Sorry you had a bad experience but most others haven't. My local dealer says they are all the same in repair frequency. Maybe you should provide some objective comparative reliability data to support your claims? Heavy wears the troll king crown...
NF.
NF.
#11
RL Community Team
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#13
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Long time lurker. I had 4 911s before my current 2020 taycan 4s. In toronto canada. Love the car. No issues. At 45,000 km now. Lease is coming up in fall 2024. 68k buy back. Cdn. In december I had 20k in equity for a 2023 new 4s. But that’s another story. Should I just buy the car and the Porsche warranty for 2k a year. Or move on. To new macan ev. Taycan is going to be too expensive to lease these days. I am a bit afraid of a six or seven year old taycan receiving timely (albeit free with warranty) Feel free to comment.
UPDATE: Porsche is going to replace my battery with a new one. Improved design hopefully, not as improved as the 2025 Taycan. Battery warranty continues from my in service date, it doesn't reset unfortunately.
Last edited by r553; 07-12-2024 at 10:39 AM. Reason: battery being replaced instead of repair
#14
#15
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The concept of "equity" in a lease is pretty silly. All that means is that your payments were too high / residual was set too low, so you've still spent that money. All other things being equal, it's better to have the lowest payment, and the best lease deals are the ones where the residual is set artificially high. If you aren't planning to buy the car back at the end of the lease, negative equity is the ideal situation, since that effectively means you got a discount on the depreciation someone who bought the car outright or financed it with a loan would have incurred.