Expected depreciation?

[tmrqs]

We all know cars devaluate the minute they leave the dealer’s lot, but EV in particular have it worse.

Based on your experience with other EV you’ve owned, what was the drop in value after 24 or 36/39 months?

Feel free to add details below!

 

[PanameraFrank]

My Taycan Turbo S (I bought as a CPO) sold for 45% MSRP (inc 8k of tax credit, 39% without taxes) at just over 3 years old and 18k miles. The worst part is Porsche dealerships wouldn't touch it.

I've come to the conclusion that leasing, even with mileage overage, is superior to purchasing EVs. Even with Porsche's horrible lease rates I think it's the way to go.

I've always been anti-Porsche lease but the EV market is dreadful and I think the Macan will follow a similar route to the Taycan.

 

[TomekGnomek]

Question is if you plan to keep the car for ~5 years what then. EVs tend to have much lower maintenance costs, people doing 150k+ kms without doing anything besides tire changes. I've done 100k on BMW M340 and all the brake replacements alone was crazy expensive.

 

[ColdCase]

Carvana will buy my well optioned 3 year old mini for $14000. I paid $30,000 less 7500 in tax credit. A fun little car for $22500. There has been zero maintenance cost. Fuel cost much less but they do hit me well with additional EV registration fees.

If you are not going to drive it till the wheels fall off (which I typically do) leasing an EV will take the risk out of it. Then, of course, you should consider that buying any new car does not make financial sense. But then it is only money. Sweet spot seems to be to buy three year old models just coming off a lease. So if you can live with a 3 year old EV, most of the depreciation has already hit and you still have 5 years of battery warranty.

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