It’s hardly a secret that many EVs plummet in value faster than a rock skipping across a pond, even more so when it comes to premium German brands like Mercedes-Benz, BMW, and Audi. Even Porsche and its Taycan haven’t escaped that unfortunate fate. While that’s a gut punch for sellers, it’s a jackpot for buyers looking to snag a six-figure electric Porsche on the cheap.

More: Someone Snagged A Steal On This 1k-Mile Porsche 911 T Coupe

The Taycan is closely related to the Audi e-tron GT, the prices of which have collapsed on the used market over the past year or so. So far, it hasn’t depreciated to the same extent as the Audi, likely owing to the fact that, as a brand, Porsche is more desirable and exclusive than its sibling in the VW Group. However, one 2023 Taycan recently sold on Bring a Trailer for just $54,000 despite having an original MSRP of $109,310 before taxes and fees.

The Taycan’s Core Features Still Hold Up

This may be the entry-level Taycan, but it’s still a very good EV. It’s equipped with a single rear-wheel electric motor that delivers 469 hp and 263 lb-ft (357 Nm) of torque, powered by a hefty 93.4 kWh lithium-ion battery pack. When it changed hands, it had around 27,000 miles (43,400 km) on the clock and came with a clean CarFax, so it wasn’t a junkyard special.

While the Turbo S and Turbo GT versions tend to steal the spotlight, the interior of the entry-level Taycan is nearly identical to those models, and this particular example came with some appealing options.

Among them are the 20-inch Sport Aero wheels, the upgraded 93.4 kWh battery (a $5,780 option), Porsche’s InnoDrive adaptive cruise control system, and the $5,960 Premium package. The latter adds a surround-view camera, power-folding wing mirrors, a $1,200 Bose audio system, a fixed panoramic glass roof, ambient lighting, power-ventilated front seats, and Lane Change Assist.

Ouch for the Seller, Win for the Buyer

We can’t help but feel bad for the individual who lost $56,000, or more than half of the original price, after just two years of ownership. But on the flip side, the new owner has likely walked away with a pretty sweet deal. The big question now is whether the price drop will continue as the heavily revised 2025 models start showing up on US roads.

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The lesson here? Smart buyers can skip the sticker shock of a new Taycan and dive straight into a used one for a fraction of the price. Just make sure you get one with a remaining warranty, or better yet, an extended one, because if something critical goes wrong, it could end up costing more than the car itself.

Bring a Trailer

Electric cars are no longer just about efficiency—they’re turning into full-blown performance monsters. Sure, the Xiaomi SU7 Ultra Ultra may have nabbed some bragging rights by edging out the Taycan Turbo GT at a few tracks, but make no mistake: Porsche’s flagship EV is still an absolute weapon. Not only does it offer insane acceleration, but it is equally as impressive in braking and handling, as Motor Trend recently discovered.

Read: Porsche Taycan Turbo GT Topples 911 Turbo S At Interlagos F1 Circuit

While testing the Taycan Turbo GT in flagship Weissach guise, which ditches the rear seats, Motor Trend recorded an astonishing 0-60 mph (96 km/h) time of 1.89 seconds with its typical one-foot rollout procedure. This works out to be 2.10 seconds without rollout. To put that into context, that 1.89-second sprint is not only 0.05 seconds quicker than the standard Taycan Turbo GT, but it’s also 0.18 seconds ahead of the Tesla Model S Plaid, no small feat. Even the four-door Taycan Turbo GT previously tested by MT outsprinted the Tesla to 60 mph.

Faster Than Fast

This acceleration places the Porsche ahead of some seriously elite competition. It beats the Ferrari SF90 Stradale Assetto Fiorano’s 2.10-second time and edges out the Lucid Air Sapphire’s 2.16-second figure. In fact, it’s now the fastest-accelerating car MotorTrend has ever tested in its 76-year history.

Motor Trend’s quarter-mile time is perhaps even more impressive. The electric Porsche stormed down the drag strip in just 9.23 seconds at 150.1 mph. That only trails the Lucid Air Sapphire that’s set a 9.21-second quarter-mile at 157.1 mph. As the model’s various lap records show, it also handles extraordinarily well and is the quickest sedan tested around the publication’s figure-eight testing course.

In the test, the flagship electric Porsche set a time of 21.86 seconds, pulling an average of 1.03g. This is the fourth-quickest time ever recorded, and only a hundredth of a second behind a Chevrolet Corvette Z06 with the Z07 Pack, and was close to the Ferrari 296 GTB and McLaren 765LT.

Braking performance is just as impressive. The Taycan Turbo GT Weissach came to a halt from 60 mph in just 93 feet. And when it’s time to recharge, the EV is equally efficient, needing only 19 minutes to go from 5% to 80% using a high-speed charger.

At What Cost, Though?

The example tested had a sticker price of $233,395. There’s no doubt that’s a lot of money, particularly compared to the $94,900 commanded by the Tesla Model S Plaid, although it’s more affordable than the $250,575 Lucid Air Sapphire.

Porsche has hopped on the conquest discount bandwagon, joining a growing list of automakers willing to sweeten the deal for those currently leasing a vehicle from another brand. Sure, if you’re eyeing an all-electric Porsche, the chances are that you can probably swing it without a discount, but hey, even the wealthiest among us appreciate a good deal when it’s on the table.

Read: After Polestar, Ford Tempts Tesla Owners With Conquest Discount For Mustang Mach-E

The German automaker is keeping things open-ended, offering a conquest discount to anyone, regardless of which brand or model car they’re leasing. The discount itself is no small change, ranging from $1,500 to $4,500, but there’s a catch—it’s tiered, meaning not everyone will walk away with the maximum savings.

The Details: Timing Is Everything

Here’s how it breaks down: if you’re in the final 30 days of your lease, tough luck, you’re not eligible for any discount. If your lease is set to expire within 31 to 60 days, you’re looking at a $1,500 discount. That jumps to $3,000 for leases ending in 61 to 90 days. But, to really cash in with the full $4,500, your lease has to be running a little longer, specifically, more than 91 days.

The Fine Print

There’s also a little fine print to keep in mind. According to Cars Direct, the discount maxes out at $1,500 if your new Porsche payment is less than $1,500 a month. Oh, and a trade-in is required unless your current lease has more than 181 days remaining.

This offer is available for the 2024 and 2025 Taycan and Macan EV models in the United States with Taycan prices starting at $99,400 and soaring over $230,000 for the high-end Taycan Turbo GT. The newly launched Macan Electric starts at $75,300, with the Macan Turbo Electric ringing in at $105,300 for the range-topping model.

So, while Porsche’s latest offer isn’t going to change the world, if you’ve got a lease nearing its end and are eyeing an electric Porsche, it might be worth checking if you qualify for a little extra savings.

While the Xiaomi SU7 Ultra recently stole the Porsche Taycan Turbo GT’s thunder at the Shanghai International Circuit, Porsche is still eager to show the world just how potent its flagship EV is. In early February, it brought a purple Taycan Turbo GT to Brazil’s Interlagos circuit and set a new lap record at the Formula 1 track.

Behind the wheel of the Porsche was Felipe Nasr, a three-time IMSA champion and a three-time winner of the 24 Hours of Daytona. The Brazilian, who also had a stint in Formula 1, lapped the circuit in 1:42.1, almost 8 seconds faster than a Porsche Taycan Turbo S, and dropping almost a second to a 911 Turbo S, which lapped the same track in 1:43.087.

Read: Xiaomi SU7 Ultra Smashes Taycan Turbo GT’s Lap Record At Shanghai Circuit

It doesn’t come as much of a surprise that the Taycan Turbo GT set a new record given its specifications. Power comes from a pair of electric motors with a combined 1,019 hp, and as a recent Car and Driver test revealed, it can hit 60 mph (96 km/h) in under 2 seconds.

While storming down the curved main straight of the circuit in Interlagos, the Porsche topped out at 272 km/h (169 mph) with Nasr behind the wheel. It launches out of the circuit’s high-speed corners like a rocket, picking up speed in a way that beggars belief. Of course, it’s nowhere near as quick as a Formula 1 car at the track, as they can lap the circuit in less than 1:08. Nevertheless, for a production car, the Taycan Turbo GT’s time is very impressive.

“It’s amazing how quickly the car accelerates and delivers its power,” Nasr said after his run. “The steering of the Taycan Turbo GT was very precise in the slow corners and remained stable even under heavy braking. The balance, the grip – a real performance machine.”

The record lap car had the optional Weissach performance package and was fitted with Pirelli Trofeo RS tires. Last year, the same car lapped WeatherTech Raceway Laguna Seca in just 1:27.87, making it one of the quickest production cars to ever go around the Californian circuit.