Luxury electric vehicles like the Porsche Taycan experience steep depreciation, making them attractive on the used market. Matt Farah purchased a 2022 Taycan Cross Turismo for $64,000 with a warranty included. After six months and 5,000 miles of ownership, it's found to have zero critical reliability issues but has faced annoying software glitches, including false alerts about hand placement on the wheel and hatchback issues. Recalls and some warranty service were needed, illustrating the complexities of owning a used luxury EV.
The used Porsche Taycan offers significant discounts due to depreciation, but potential buyers should be cautious of reliability issues and software problems.
Matt Farah's experience with his used Taycan showcases the dual nature of luxury used EVs—they can offer savings but may also incur additional service costs.
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