Trucks are overpriced, and electric sports car prices are plummeting.
The truck market is experiencing a surge in prices, while the electric sports car market is witnessing a rapid decline in prices, a trend that is sure to pique the interest of any automotive enthusiast.
Alex Sedlak (@sedlakspam) is the voice of car enthusiasts when he asks, "Why isn't anyone talking about this?"
The current landscape of trucks and EVs is indeed a strange one. With Toyota Tundra facing engine issues, it's certainly not the best time to invest in one. So, why did Alex opt for a Porsche Taycan?
Check out my report, which explains why Toyota is replacing over 100,000 Tundra engines under warranty. It's too late for Alex; he has already bought the Toyota Tundra. Why did Alex purchase a Porsche Yatcan?
Imagine being in Alex's shoes. He's young, single, and with enough disposable income to buy a 2024 Toyota Tundra for $71,000 and a 2021 Porsche Taycan for $58,000. While it may seem like a pipe dream, this scenario prompts a discussion on the affordability of these vehicles. This stark difference raises the question-was his decision wise, or will he regret it?
It doesn't mean it's a sound financial plan, but I remember being 21 years old and having a Chevrolet Corvette and a 57 Chevrolet Bel Air 2dr. Oh, how I wish I had those two cars now.
Back to Alex's Tundra and Taycan story.
Alex Sedlak is having the time of his life. He's single, has a beautiful girlfriend, owns a new Toyota Tundra pickup, and just purchased a 2021 Porsche Taycan. Life is good, for now.
However, he paid a lot of money for the Tundra ($71,000), and it appears he got a great deal on the 2021 Porsche Taycan ($58,000).
As I said, if you look at the truck market compared to the electric sports car market, things are crazy right now. Trucks like the Toyota Tundra are overpriced, and electric sports cars like the Porsche Taycan prices are plummeting.
Check out Alex's story.
As he points to the new sports car listings online, Alex says, "Why isn't anyone talking about this? Did you know you can get a Porsche for less than a Toyota Tundra? Look at this 2021 Porsche Taycan for less than $60,000; here is one for $56,000, and another one for $53,000, and they are good-looking cars too.”
"It's not a GT3 RS, but you can still drive a Porsche for 60 grand? Okay, it's a two-year-old Porsche, but it's a Porsche. My new 2024 Toyota Tundra cost $71,000."
"It's an electric, too, which could be a downfall. But it's still a Porsche, and they look awesome and they are fast."
He looks at the car's interior and sees the touchscreen stretching across the dash. "This whole thing is a screen, it's a beautiful interior, and I literally bought it over the phone today. I called my broker, and he said, "Send me a link, and I will give them a call,' and he negotiated the deal. I put $5,000 down, and now the car is being delivered tomorrow."
"The payments are like $1,000 a month. My Toyota Tundra payment is about the same, and I put $15,000 down on the Tundra. So, you don't need a Lamborghini, bro. Don't be stupid with your money."
Alex continues, "I think it's a great deal. I know the car community is probably going to be like, dude, it's freaking electric. A 2022 Electric."
What does he say to the electric car naysayers?
"I don't care, I really don't. It's a cool car, cheap, and it's a very nice-looking drive. It's on the way. It will be here tomorrow. Show you guys tomorrow," he says as he signs off the video.
The Porsche Taycan arrives.
After his Porsche Taycan is delivered, Alex says, "Alright, guys, we added to the fleet. We have the 2021 Porsche Taycan sitting next to the Mercedes G63. My girlfriend is driving that home."
What? He also owns a Toyota Tundra truck and a Mercedes-Benz G63.
Alex lives in Florida and has a beautiful home (that he probably rents), a Toyota Tundra pickup, a Mercedes-Benz G63, and now a Porsche Taycan.
Alex continues, "So we are whipping the Porsche Taycan. Can you believe that this thing was only $58,000? This thing is so mean for only $58K. This was so much less than my Toyota Tundra."
"There are four displays inside. Look at this beautiful interior," Alex says as he shows the white leather interior.
Okay, Alex obviously has money from somewhere. However, $2,000 in truck and car payments, and who knows about the G63?
Maybe he's a trust fund baby. Who knows? However, was the Porsche Taycan a good buy?
Alex purchased a 2021 Porsche Taycan 4S sedan. The original manufacturer's suggested retail price (MSRP) was $107,700. Alex paid $58,000 for the 2021 Taycan, close to half its original price.
Kelley Blue Book says the national average price is $54,643 for the 2021 Taycan. Why are the prices of the Taycan so low?
Car Scoops says, "Some blame goes to the model changeover. Porsche revealed a face-lifted Taycan in the spring that offers only small changes but vastly improved range and performance. And maybe some buyers bought or have ordered the new Macan Electric instead."
Reddit users are saying the same thing as Alex about Taycan pricing now. One user says he found a great deal and asks, "Good deal, yes or no?"
moozirt says, "I'm suddenly needing a new car soon and I've been wanting a Porsche Taycan since they've come out. I am gravitating toward this specific car for the Frozen Berry Metallic color. A private seller is selling the car and says they are open to negotiations."
"Is the listing price of $64,900 a decent price for a 2021 car with only 6,900 miles and these specs? This is pricing before making an offer, so there's potential for pricing to be lower. The original MSRP on this car was $111,000."
Most Reddit users agree it was a bit overpriced, but moozirt says it was a CPO vehicle, and he did buy the Taycan, and says, "The sellers were absolutely fantastic, has a warranty until June 1, 2025, or 50,000 mi. and I got a great deal on it in the end."
Did Alex get a great deal?
I don't know the mileage of Alex's Porsche Taycan, but it's in excellent condition. The black-on-white is a striking color combo, and as Ramvet says on the Taycan Forum, "The Taycan 4S really scoots, accelerating like a 992 GT3 effortlessly."
What do you think?
Did Alex get a great deal on the 2021 Porsche Taycan 4S? Click the red Add New Comment link below and let us know your thoughts.
Check out my Toyota Tundra story titled; My Toyota Tundra Suddenly Lost Power and I Need a New Engine, I’ve Been to the Dealer Countless Times, Now They Say My $60,000 Truck Is Only Worth $35K
I am Denis Flierl, a Senior Torque News Reporter since 2012. My 30+ year tenure in the automotive industry, initially in a consulting role with every major car brand and later as a freelance journalist test-driving new vehicles, has equipped me with a wealth of knowledge. I specialize in reporting the latest automotive news and providing expert analysis on Subaru, which you'll find here, ensuring that you, as a reader, are always well-informed and up-to-date. Follow me on my X SubaruReport, All Subaru, WRXSTI, @DenisFlierl, Facebook, and Instagram.
Photo credit: Denis Flierl via Alex Sedlak, Toyota
Comments
In a short while you’ll…
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In a short while you’ll regret the Porsche as it nickle and dimes your wallet to death or worse.
My Question is why spend…
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My Question is why spend that kind of money in the first place. That's the reason they price them that way because someone will pay. The only way to stop this ridiculousness is to stop paying and when they can't sell them then the price will come down.
Oh, we're talking alright!
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Oh, we're talking alright!
Fine. I'll talk about it…
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Fine. I'll talk about it....
You spent $130,000 on new cars?
LOL
SUCKER........
And no...I'm not poor. I make just under $200k / year and I would NEVER buy a new car. I sold the used BMW, the used CX30 turbo and now drive an 07 Grand Cherokee. I also dump $3,000+ per month into my savings. I may buy a porsche 997 down the road....maybe.....
$70k+ for a truck!!! TOO FUNNY!!!!!!
Drivers cars peeked around 2010 or so and have been getting progressively worse since then. The glory days of drivers cars are over. I'm holding on to my old stuff.
I'm in the same boat. Make…
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In reply to Fine. I'll talk about it… by Inverse137 (not verified)
I'm in the same boat. Make over $200k. Bought the wife a lightly used Kia Sedona back in 2017 for $21k cash and I drive a 20+ year old Toyota Avalon I bought from my in-laws for $1k that still drives great (only 115k miles).
Dude, did you read the…
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In reply to Fine. I'll talk about it… by Inverse137 (not verified)
Dude, did you read the article? He bought a USED 2021 Taycan, $58k.
Was the Porsche good deal?…
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Was the Porsche good deal? Hell no. That truck will last well beyond many years when that Porsche is sitting in a dumpster somewhere. Porsches known for having poor reliability just like Audi. We'll see how their electric car is fair but I don't trust any German engineered vehicles that have a gasoline engine to last any stretch without serious maintenance over 100k miles. Meanwhile I've owned countless Toyotas that have hundreds of thousands of miles on them in my businesses and personal vehicles with minimal amounts of maintenance.
It's sad how the simple…
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It's sad how the simple words BUY and BOUGHT are relegated into near oblivion, by the phony "sophisticates" of today.
Supply and demand. No one…
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Supply and demand. No one wants EV’s. Trucks are king.
Check with Hertz for more EV great deals. $15,000 for low miles Tesla’s that are rental fleet DUDS
Seriously, either use spell…
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Seriously, either use spell check or proof read before publishing... What Porshe did the the dude buy? A Maycan, Taycan, or a Yatcan? Two out of of those 3 don't even exist
“Bro, don’t be stupid with…
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“Bro, don’t be stupid with your money”
lol…$2,000/mo for car payments…they aren’t investments, they’re liabilities
People all over talk about…
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People all over talk about the Tycan losing value. Really?
They are this high because…
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They are this high because people like you are dumb enough to.pay it
Ok did I read Taycan, Yatcan…
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Ok did I read Taycan, Yatcan and Macan? Are all those different Porsche models?
3000 per month and more in…
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3000 per month and more in payments?!? No thanks
I would love to have a truck…
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I would love to have a truck. They used to be the cheaper vehicle to buy, waay back in the day. It's absolutely absurd the price of trucks today. $71,000 is just over the average price for trucks, which is bonkers. I make enough money to buy whatever I want. But there's no way to convince me that a utility vehicle will pay itself back if it's over 35k versus a smaller vehicle with a trailer. Unless you have to tow something very heavy frequently, there's no point. Zero.
These are property that will depreciate in value very quickly. The more you use it, the more they depreciate. To take out a 72+ month loan on any vehicle we all know is dumb. But a quick residual value lookup for that Tundra after 72 months puts it at 18,400. Which means they are taking a $52,600 loss in 6 years. Just to compare, my new Crosstrek Wilderness will have the same residual value of about $18,500, but I only paid $31,500. There's a $40,000 difference there, see? Think of the trailer upgrade, plus a dirtbike, atv, and snowmobile I could buy to put on it for that money.
Dennis you are very regarded…
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Dennis you are very regarded. The greatest of regards.
'Don't be stupid with your…
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'Don't be stupid with your money" - buying autos has never been an investment, and never will be. If you want to blow cash, there are two proven ways to do it. One, put it into a savings account at your local bank and enjoy a less than 1% annual return, or buy an automobile and experience a negative return of around 10% per annum on average.
I bought a 2007 5.7 Tundra…
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I bought a 2007 5.7 Tundra SR5 in 2012,drove it until 2022. It had 65k on it when i got it and 305k when I traded it in on a 2023 Tundra sr5 3.5l. I love this truck but my previous Tundra had the starter changed at 185k. This one is part of the engine recall,even though at 55k I haven't had any issues.
First off the Tundra engine…
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First off the Tundra engine recall isn't a bad thing for most owners. I have a 22 Limited and it's been running flawless. I have the paperwork for the recall but don't have to get it replaced anytime soon. It's actually my choice. So I'm goona run as long as possible because the new engine is 100% free and includes everything as well as new turbos
What bothers me is that this author doesn't tell you that the Tundra is $10-20k cheaper new than the Ford and Chevy and Toyota stands behind their engine issue much better than the domestic brands. I've owned them all from new and must admit my Tundra is the best so far!
You’re a terrible writer…
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You’re a terrible writer. Back to school with you
Ahh the misspellings are…
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Ahh the misspellings are stabbing me in the eyes. Taycan, Maycan, Yatcan, who's counting anymore, right? I am.
Thank you. We fixed it and…
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In reply to Ahh the misspellings are… by F Min (not verified)
Thank you. We fixed it and appreciate your input.
No one wants Porsche's…
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No one wants Porsche's battery car. There's one guy that got an offer to buy the Porsche that he wants, but he has to buy three Taycans first.