PCP Finance/Depreciation

[PaulR]

£14,309 interest and £33,298 depreciation over three years. You'd need to be out of your mind! That's £47,607 thrown down the drain, as you end up with zero asset at the end. I cannot believe that anyone would do that. These figures are for the base model with no options, so actual figures will be even crazier.

[Tinman]

Coming out of a Taycan CT 4S good spec, company lease had it nearly 3 years - great car poor range

Lease was over 3 years, 3 months upfront 10k miles per year £1070 per month plus VAT (Porsche finance)

Same terms on a new Macan turbo is just shy of £2000 per month plus VAT

WOW!!!!!!! If that’s the result of Porsches agressive pricing, terrible residuals and 10% interest rate - then i’m out - back to hybrid RR sport at nearly half the cost

At least offer a competitive interest rate Porsche

So that'll be a quick "Welcome to our friendly forum" and ....... "Goodbye" then!

Agree, I would have loved to stay but the pain is too great

That’s not just on this forum but with Porsche as well

Have Had 10 new cars from Porsche over the years and the experience has been great

But in my opinion they are now just not worth the money and cost of ownership

[Wing Commander]

Coming out of a Taycan CT 4S good spec, company lease had it nearly 3 years - great car poor range

Lease was over 3 years, 3 months upfront 10k miles per year £1070 per month plus VAT (Porsche finance)

Same terms on a new Macan turbo is just shy of £2000 per month plus VAT

WOW!!!!!!! If that’s the result of Porsches agressive pricing, terrible residuals and 10% interest rate - then i’m out - back to hybrid RR sport at nearly half the cost

At least offer a competitive interest rate Porsche

So that'll be a quick "Welcome to our friendly forum" and ....... "Goodbye" then!

Ha ha! Was nice knowing you, Tinman!

[sahajesh]

I want to see the Salary Sacrifice prices, as right now, the standard Porsche figures are ludicrous. Thankfully, I don't need to order till Q1 next year and rates will hopefully have dropped then, but then GFV may also be lower.

[dammitjanet]

FYI the APR for Solutions PCP is 10.9% (as of 25/2/24), down 0.5% from the current examples shown on Porsche UK. Still exorbitant, but there was some discussion whether this was the new rate.

[crockers]

I’ve tried looking but it seems no one publishes battery degradation after 3 years.
Add onto that battery improvements over a 3 year period will make a 3 year old EV hard to shift unless the price is right.

[andreas]

I’ve tried looking but it seems no one publishes battery degradation after 3 years.
Add onto that battery improvements over a 3 year period will make a 3 year old EV hard to shift unless the price is right.

EV batteries degrade around 2-3% a year, so expect less than 10% degradation after 3 years. Most EV batteries will be good for 200,000 miles or so, much more than the average lifetime mileage of ICE cars.

[Col Lamb]

I’ve tried looking but it seems no one publishes battery degradation after 3 years.
Add onto that battery improvements over a 3 year period will make a 3 year old EV hard to shift unless the price is right.

I wonder why that is?

I simply cannot see anyone with half a brain buying a 3 year old EV unless they are buying at at a next to nothing price.

The only sensible EV purchase does not involve a Porsche, buy something no more than £40-50,000 and run it until the batteries fail.

That way the annual depreciation would be more acceptable.

Buying a £100k Macan EV on PCP and at the end of three years have nothing to show for it but an empty wallet is madness.

I can see Porsche offering a GFV of £45k on a Macan EV, hoping some fool will buy it for £52k. Its not as though they have not been bitten with the residuals on a Tincan.

[Jon A]

I’ve tried looking but it seems no one publishes battery degradation after 3 years.
Add onto that battery improvements over a 3 year period will make a 3 year old EV hard to shift unless the price is right.

EV batteries degrade around 2-3% a year, so expect less than 10% degradation after 3 years. Most EV batteries will be good for 200,000 miles or so, much more than the average lifetime mileage of ICE cars.

Not quite true Andreas. Harry Metcalf (Harry’s garage) looked at this and as nobody publishes degradation he took some data published by a company doing tests on three year old cars in Norway I think. It clearly showed that degradation was as high as 40% in some models although Tesla were favoured with around 10%.
It was all about how often cars get fast charged in their lifetime but he is pushing for average degradation to be published as a key metric along with range etc.

[Jon A]

This one…