BIGGEST MISTAKE OF MY LIFE !!! 

Kris, it’s normal. I bought this year, spec exactly as I want it. If you sell after 12 months it’s a guaranteed loss. But I bought as a long term car. I’ll change the battery if I need to and I’ll enjoy it as I do now. The day you walk out of the garage you lose 20%. It’s life.

Lesson of the day. Don't buy luxury cars you barely can afford. But all EVs are losing value fast. Not juts Porsche. People say you buy to keep EV or it will cost you more than ICE.

So keep the car another 2-4 years … the depreciation won’t be much more in that time span… (I’ve owned three Porsches, so I “get” it)

Considering you financed the whole car or most of it and will lose money either way, wouldn’t it be better to just keep it?

if you love the car keep it. it is future proof, 800v charging, its stylish, fast and practical. i would keep it

In general it seems the best time to buy a used car is after the first two years of use when the worst depreciation has occurred; it is the reality of car buying. Bad for the seller but good for the buyer. My one concern with EV's is that this depreciation will be even worse due to rapidly improving technology and better range in newer cars making the older models much less desirable.

What you actually is saying is, you bought an lifestyle you actually cant afford. And now you pay the price for it. Its a common theme in Norway, many live on credit to show of that they are rich. But in reality they are poor and living paycheck to paycheck, barely. Living of their credit cards that never will go away. Sometimes one have to ask, was it worth it in the end? I have a now 2 year old XC40 recharge, can i afford it, yes. Will i run and put myself in more debt, just to get a better one, no. What i have going on right now is more than enough, and next year i only have the car in debt. So can you guys living on credit show off your fancy lifestyles with your fancy cars and apartments, but in reality you eat thru your nails as soon some one mention intrest rate going up 0,1%. Stressful way of life really, just to pretend to be something one is not!

Unfortunately again a video, in which click-baiting is more important than keeping numbers and facts clear :'(

800000kr All EVs have plummeted in value here in the Uk. Teslas have cut had to cut there prices by 30% or more and that ripped the rug out of Tesla pricing and at the same time all EVs plummeted. Cheap stuff from China is flooding in and it’s good stuff with better batteries and great tech.

it's called recession, my friend. The depreciation has nothing to do with the car. You bought it at the most expensive price and now you want to sell it or smth, but in a recession.

I just bought a very nice Audi e-tron Sportback (18 months old) for under 50% of its list price. Depreciation for e-trons seems even more crazy and you can find multiple Youtouber recommend buying a used e-tron over a new Id4 / Enyaq / etc

Unfortunately cars are not an investment !

Kris, if this was you're biggest mistake, relax..

It is not a 50% depreciation. You are comparing vs buying your car new again, not what your 2-year-old car is worth in the used market. Not sure what you expected. Have you never bought a high-end car new before? They always depreciate massively. Next time you will know and maybe learn a lessen and buy two year old used high end car and let first owner take that biggest hit 🙂

I would not sell your taycan. As many have suggested, keep it for another 2 or 3 years. Wait til interest rates are more stable and lower, that can take some time. Also people would be in a better position to buy then, as no one wants luxury vehicles in a recession. I still think you have more content to be made with the Taycan. Take it on road trips, do degradation test, races etc. As you almost always lose money on cars, especially luxury cars. If you’re already upside down on the finance on the car, you’re not going to get it back by selling at a huge loss. Do as what Håkon from Finansavisen advised Taycan owners, sit back and relax, and enjoy your car. Kind regards

If you can't afford to loose it....don't spend it.

Honestly, I thought you were going to say "wrapping it yellow" lol. I'm not sure that all/many of your comments relate to the fact that it is in EV or an EV Porsche as many of them are global issues affecting us all. You did a video many years ago, which I almost commented on, where your attitude to residuals was very naive. I wondered at the time whether you had big surprise in store. Yes, during a particular period when supplies were short, components an issue, used EVs a rarity, used values remained quite good. As there are more Evs on the market and lease deals ending, they are becoming available at a lower cost -- which is actually a good thing for used buyers and the expansion of the use of EVs and only reflects the used market in general, not EV's.Most people keep new cars for longer periods of time, 3-5 years would be my guess, and changing after 20 months is probably the worst financial thing you can do. Ofcourse, you are a youtuber so content is key but you've been doing fine with loan cars for some time. You've actually lost 37% on what you paid for it which is probably similar to the depreciation on many expensive new cars, ICE or EV so I am not sure why you are particularly picking on this Porsche. It is a common understanding (certainly here in the UK, that new cars (with very few high end exceptions) lose around 20% when you drive it out of the showroom so another 17% after so many miles and months is not surprising. Don't forget Porsche have to refurb it and sell it with a warranty so that will cost them and add to the resale value in a very competitive marketplace. Personally, I'd lose the yellow, keep the mileage down by using the loan cars you are privileged to have access to and keep it until you feel the market is right for you to sell. Having said that, I've just swapped my 56,000 miles etron 55 for a Q8 etron vorsprung after 30 months but I expected to lose money and money was not the driving factor in my decision - so each to his own. I'd be interested to know what you were expecting for it? Also, I assume you now have to pay tax on the replacement (I don't know the rules in Norway) so that is going to make the fact of changing so early, even more expensive.

There is a U.K. RU-vid channel where the host is also complaining about the savage depreciation his Taycan has suffered. They have a really bad trade in value but when you look at the cost to buy a 2 year old used one with average miles on it then Porsche dealers are still asking ridiculously high prices for them. The Taycan Cross Turismo has been the only Porsche I’ve really fancied buying but I would not consider a new one and seeing how much approved used ones are going for at dealers I won’t be considering even a used one any time soon. When I took delivery of my EV the advice I was given was “don’t buy an EV with your own money, lease it and let somebody else take the financial hit” that was from a BMW dealer! After two years with my lowly Mini Cooper S E the dealership is asking if I would like to change it for the forthcoming one or a Countryman EV and are offering a great exchange valuation on a 12000 miles 2 years old low range car, but thing is they can sell every used one that they get in fairly quickly. Unfortunately in these difficult times financially people just don’t want to spend loads of money on what is seen as an expensive flash luxury sporty car, they want less eye catching lower cost sets of wheels that are cheap to buy and run.

Trading in a 20 month old Porsche to a Porsche dealer will result in a massive loss. Who’d have thought. 😢 An expensive car will depreciate the most in that period. Always has, always will. Nothing new. Trading to a dealer will be hugely worse than a private sale and it’s a Porsche dealer. Really, what did you expect. Nothing to do with being an EV. It has always been this way and very naive to imagine otherwise. Here in the UK (and I see no reason to be different elsewhere), as far as I can see, EVs are depreciating less than ICE cars. Worse depreciation is a line that EV detractors like to trot out, but try buying a used EV and you’ll discover how well they hold their price. Anyone knows where to find these EVs that are worth nothing after a couple of years, please let me know where to find them.

Don't sell now, sooner or later inflation will be lower and the rate of interest will be lower too. In the short term, though, the rate of interest might be higher. Wait for better times, they will come.😊 Even if you will sell the car for the same price in two years, you have used it for two years extra, that is a big difference. It is just you wanting to sell?😂

Exactly the same in UK..... Massive 50% plus devaluation in 12 to 18 months

Gotta push back a bit re depreciation. Classically hybrid & EV values always tank. It's the price of being an early adopter. Summation: either lease or buy used. Or in this case just enjoy the hell out of it, it looks & sure drives amazing as well.

Dette måtte du forvente helt uavhengig av renter og inflasjon, når du kjøper en slik bil. Har sjekket Finn mens jeg så videoen og prisene var laaangt bedre enn jeg hadde forventet. Selv kjøpte jeg for en del år siden en flunkende ny Audi A8 med alt og prisfallet var mye, mye større du klager på her. Sorry, men du hadde endog fordelen av å kjøpe uten moms og avgifter like før de kom. Du spekulerte i det som så veldig mange andre og da blir dette oftest resultatet. Akkurat som det en gang var nesten kø av Porsche 928 på grensen for å importere de før nye regler gjorde bilene vannvittig mye dyrere ved et annet årsskifte. Med det volumet av biler i det lille norske markedet ble heller ikke de den forretningen mange hadde trodd. Men de fikk en utrolig flott bil akkurat som du har hatt. Jeg foreslår du nyter det så lenge du kan for du har nok allerede tatt det største tapet. Min A8 ble en "billig" bil lenge for de som tok den over etter meg. Neste gang Kris bør du kanskje ikke kjøpe en bil som er dyrere enn du har råd til å tape...

You must do like Bjørn, always have test cars available.

Its easy to go overboard on cheap credit when the times are good, but if 2023 was bad you better fasten your seat belt because 2024 will be a steep ride down. The positive is that houses, boats and cars will be a lot cheaper for those that are in the market to buy.

A friend of mine had a pre owned porsche 911 4s. Bought it for 85.000€ and sale it a month ago after 3 years owning for 87.000€. It tooks only 4 days to sell it. Porsche has to be only ICE. Elettrictric Porsche does not means Porsche for the sports cars fans. This is the first and main reason of the problem with your Tycan. Then add inflaction, and all others reasons you mentioned and the game is over. This is why you find so many Tycan on sales. And it happens in your country which is a kind of EV bouble. In others country where the EV market is at total 3% is even worst. For instance not many 911 or boxter…are on sale and if you find them on sale is only because people try to trade on it and searching for another sporty ICE models but not for sure an EV one. That’s the fact. Kind regards.

2 years of new car shortages kept resale prices high. Not any more. Interest rates rising also killing car sales. Porsche dealer used prices are always high, justified by the gap to a new car. Part exchange always 10-15k less than their resale price. You also can’t avoid taxes for ever.

Keep it, start renting it out on a regular basis, then sell when the inflation turns back around, whenever that is

If I were you, I would keep the Taycan for a couple of years more. Anyway, as soon as you buy a car, you lose money. On my side, i look at how much I lose per year. The longest you keep it, the less you lose per year

Oh, Kris, stop your wining. Depreciation only matters at the time you have to sell your car. I have a 2020 Taycan 4S specked with so many options that I will never recover from. With the only intent that I plan to keep the car for a very long time. I’ve had it for three years and 77,000 miles on it. Yes it has some issues, but never things that affect the driving that is what you buy this car for. It’s amazing, if you can afford it.

Sounds like a good thing for people who want to buy a second hand tycan

Hei Kris. I would suggest you to sell it asap, buy a second hand 911 in good shape and still have some cash for the purchase of another more affordable EV, then wait a few years and you will recover most of your loss on the Taycan. Especially after the ban of selling new ICE cars the value of your old 911 will go up faster. Good luck with your next move🤞🏻

its not just the taycan, all expensive cars depreciate fast, atleast porsche doesnt cut the price over night like tesla. If you want to earn money on cars, get a clasic car, like a old 911.

Good for someone looking for a used taycan :)

Wrapping car in Canary Yellow was not the brightest move - to be brutally honest.

Your not the only one ,I follow another youtuber who does food and he's lost £20k on his Taycan and can't afford to hand it back. Also he's says his insurance company wanted to increase his renewal from £700 to £3000 and says some companies won't even insure EVs . Cost of driving is going crazy

Try to think of depreciation in years and not since new, if the depreciation halts for a couple of years you’ll reduce the average depreciation significantly by keeping the Taycan.

My taycan 4s depreciated 800000 sek in 3 years and 86000 km's so I am not particularly happy either. Yes, recession is one thing but Porsche has fatally misjudged the second hand market of the Taycan. There are several hundred used Taycans foe sale in SE today. The problem is Porsche flodded the marker with taycans helped by tax benefits and subsidiced prices in many countries. They saw money rolling in and did not for the first time in their history give a shit about the second hand market. I have had 15 Porsches since 1973 but now I am extremely dissapointed with Porsche.

If you have a nearly perfect car, why would you sell? Bring a new car is always a loss of money.

Don't ever buy a Porsche if money is important. Luxury product -> Luxury price -> Luxury deprecation. Sometimes I think people buy luxury cars to show they are able to throw money away, a way of bragging.

The more expensive the car, the greater the discount on the used car. Except vintage or small-production cars, like Ferrari.

My 2008 LC200 has lost $40.000 in value after 178.000 miles. People has no interest in paying for low quality products with high repair bills, simply.

I sold my Polestar 2 at the height of demand and when waiting times for new cars was like 9+ months and sold it for 40.000 NOK ($4000) more then I paid for it 😅 That wasn’t why I bought it, but I was lucky! I do miss it though…

The weird bubble where EV's second hand were getting priced almost as much as a new car has burst in most countries and others it is slowly leaking out of the bubble. Most cars have always had a huge depreciation I remember original Top Gear doing their news sections on occasion about depreciation. The big sports car companies like Porsche are some of the worst and those are ICE powered cars so EV's will be the same.

Sometimes leasing even a luxury car is less risky and even cheaper.

Instead of buying a new "cheaper" car and lose depreciation on that one as well I'd suggest to keep this one for another 2 year. You will never be able to drive a Porsche cheaper than the 2 coming years this way. I drive a new BMW and I feel the same pain but we are car people and prioritize our cars :)

It seems you are high mileage for the age of your car. You are enjoying it and admit that it is a wonderful car. Keep it and enjoy it. We just got our second Taycan. The lease locked in the depreciation so there were no surprises. The new car is better equipped than the trade in and costs less per month. There are EV credits in the US, that distorts the market. Oh, we got a credit on the old car when we turned it in and put it towards the new one. Use your car more for RU-vid content. EV's don't have a monopoly on depreciation. There are Rolls Royce and Bentley dealerships down the road, preowns are selling for fractions of original sticker, ofter fewer than 10,000 miles on 5 year old cars.

Ship it to Canada! A quick check shows available Taycans selling for more that $160,000 CDN. No depreciation here!

This is Norway... completely crazy. In NL the Taycans have dropped in value as well like crazy, but a 2023 CT4 (my Model year) is still going around €100K+ (asking prices, so probably 90-95K realistic transaction value). So for now I'm probably looking at (worst case) 90K/112K (purchase price with all discounts) = 20% depreciation in about 7 months and 7500 km

weird about the price in different countries! the cheapest 2020 taycan in my area is $120k, brand new is $132k, 10% depreciation only. Also this is why you lease vehicles

I thought you would say that you regret the hideous yellow color 😉 Who buys a Taycan on loans? 🤷‍♂️ Doesn’t make any sense.

We have Skoda enyaq founders edition at the workshop for 3 months waiting for a new controlbox I still waiting on som reply from Skoda in slovakia because of the technical apartment is not approve the bpx

Sometime depreciation works in your favour, I bought a 2022 iX for 200k NOK off list, the previous owner drove the car 57km. Yes I will take a hit when I sell but it won’t be as big as it would be if I was the first owner.

It’s normal in this year i bought W223 with a 3.000km i sold the car with a minus -30.000$)) so be happy 😃 you drove 2 years

You have lost the money now.. no point selling.. wrap the car in full PPF and do a crazy big ass road trip no EV RU-vidr has done before in an EV.. something stupid like Norway to Hong Kong via Thailand or something.. go big.. film the lot and stick it RU-vid..

The yellow is official from Porsche?! I love yellow color, if it is available, it will be the one I will get if I want to get it and I have the money!

Cars are not assets. Get a car you can afford and drive it till it’s 💀.

I saw resently a 2022 model 4S just driven 4500 km yes 4500 km eas sold 2weeks ago for 769000 kr i was going to by it than just sold.

So just keep it. If you love it so much and think it is the best car you ever drove. Lease a cheaper EV in addition and don’t think more about it. If you don’t need to sell, then don’t. Unless you need the money.

There is a real black arts kind of thing surrounding choosing a vehicle that will maintain it's value or even increase in value. Right now there are no EVs that hold value short term - none. Teslas did it when there were waiting lists, but that time has passed. We are buying a Chevrolet Bolt EUV later this month and I don't expect it hold value at all.

What Happened too Your E Tron That was a nice economical car

Relax, dude. You have a Taycan. A majority of high end cars depreciate. Also keep in mind $120k is beyond most folks. Can’t imagine the $$ insurance on this baby. Used, I’d guess 80K US dollars. Keep it and enjoy.

It’s a Porsche depreciation is the norm , my mate lost 40 k in 2 years gbp on a targa with just 6k on the clock, next year he’ll lose another 14, what makes it worse is your coming to winter as well other than the suv the rest loose there shirts every year it’s that bad, the only good thing with yours is the engine doesn’t need a full strip after 12k to do a valve check. If we picked with our minds than hearts we would all be driving vw up! Evs or seat mi , with its 6 or 7 km per kw life’s boring enough with the other two evs on the way your face the same again it’s just don’t half the big grin with its 0-60

The Audi E-Tron has also dropped 50% in value last 3 years.. Its expensive to live on the top.. 😅

Luxury cars are for people who don't care about losing some money.

Buy allways a car within your budget

Sorry, but how can you say you are not rich? Many, many poor people do not think about the depeciation of their Porsche, but how to get something to eat. I really like your videos, but I feel that this comment is not really acceptable.

I would never buy an EV instead I would lease one. God knows what the depreciation is or will be in the future when the market gets flooded with used EVs and people either don’t want to pick one or won’t be keen on an used EV because of battery life issues

Don't sell it but get the 3rd party power upgrade so you can have the 4S (+) you always wanted. 😇

Isn't depreciation a common thing among all electric cars? I am of the opinion that if you want to change cars (especially electric) after 2-3 years better lease than buy.

just makes no sense, if they still sell new for 1.5M ??

Ev is like old cell phone in pricing value unfortunately in the human mind. People are so afraid of ev tech used. In USA there are new mach e ev6 etc all 30-40% less. Tesla also very bad depreciation 😢

I had calculatet with 700.000 🙂

Keep it long term then :)

The problem is that used European luxury cars are traditionally sold abroad: middle east, eastern block, north Africa, etc. Those markets don't have EV infrastructure yet, so the cars flood the European market.

The Great customer service that content creators get does not count.

Use, use and use this car , Kris, and then,vive it to a beloved nephew , or your daugther.. um abraço a você Kris…here, my xc90 is PERFECT..lol!!

Have a chat with Marcusbil and see if they can do something for you or have any suggestions.

Be happy you didn't buy a Tesla Model S Plaid this january... you would've lost that amount even without driving the car in less than six months.

Bigger outlay, bigger risk.....check certain stocks/shares/property/super-yacht values etc etc etc....that's reality I'm afraid (no Gaza holidays until further notice either!!)

Are you allowed to sell the Porsche in other countries??... Possibly an option for one last road trip... Stay safe, Tim

This is one of your poor videos. Complaining about depreciation and a click bait title is not helpful. Disappointment about depreciation is understandable but dedicating a video for it is way off the mark

Keep it! For a long time. You will not be satisfied with less.

Its called ”EV second hand market…”. Nobody wants them anymore than a used phone o other old electronics. I guess the low cost of ownerdhip compensates a bit for that, If you want low depreceiation buy an old 911, not lo cost to use though 😅 I sold my 4S CT in january and got still s good amount from it , maybe -15/20% from new, 1 year old and 30000km. Dont regret selling before more depreciation, even as nice of a car it was 🤔

Rent it out. I would pay 7-800 euros to drive this for 2 weeks 😊

The best electric car ever

Is this a norwegian, Porsche or EV phenomenon? When I check the used car price of my small three year old VW Polo, I could probably sell it for about the same as I paid for it new (there were big discounts then and the prices increased)

I’d be surprised if you couldn’t talk a car supplier into helping you drive one of their electric cars, they could only gain. As for the depreciation on yours. Give it another couple of years, you’ll find that the cost of ownership per year will change utterly.

Between a rock and a hard place .it will all work out 😬

The more money you spend on a new car that more money you are going to lose. Right now as inflation and car prices are the best options is either to sell and get a cheaper one or keep it 2 years and sell it then. I think only cheap cars are worth buying new these days and if you want a more expensive car then aim for a 2 years used one with guarantee. You'll lose less money... Car money is lost money and right now we are in the middle of a change in car industry, I think electric cars won't last long, hydrogen is around the corner...

You should keep your stuff. I guess you have other cars as well and have car for order(your volvo ev)? And no we are not in a recession yet. In hard times you invest and not spend. First years of a car depreciate the most. I think you already knows this.

This is the best video I've ever seen of you @Kris Rifa. Short and to the point. I can feel your pain and I lol'ed at the same time, awesome intro and you've explained the feeling quite well, haha. Considering the incentives on EV's in Norway, feel lucky that you didn't buy it at the highest price point. Consider that a lot of people around the globe bought it at 150K Euro or dollars (and even payed above MSRP). Blame the economy, not the car. Those that took a lease/rent/finance with a variable interest rate can only blame themselves. Everyone else will keep the car for a longer period, which wasn't a big deal 2 years ago and still isn't today.

This drama guy nitpicks everything.

Depreciation is completely out of Porsche's control. I think it's common knowledge that luxury cars, especially German luxury cars often depreciate a lot

65000€

Should have bought a 911 and e-golf. Nuff said

Doesn’t look like a Porsche

Ta det som en lærepenge..

Biggest mistake is buying new cars

Du får en 2 år gammel Taycan Turbo til halve prisen