Cayenne Depreciation
Discussion
I was looking into buying a Cayenne, partly because I had heard the depreciation is low compared to other cars I am looking at.
I found some sites that claim that the Cayenne would only depreciate about 26% in 3 years at 12K miles per year.
However if I look on Autotrader, it looks like this is rubbish - looks more like 40-50%?
I found some sites that claim that the Cayenne would only depreciate about 26% in 3 years at 12K miles per year.
However if I look on Autotrader, it looks like this is rubbish - looks more like 40-50%?
What market?
When was the article written?
We bought a MY20 Cayenne from OPC for £49k last year when prices were still silly high, very nicely specced, which listed for £85k new.
I see an indi garage has one virtually the same on a 19 plate for £40k. But it was far better than paying nearly £80k for a year old one, that would have lost £30k in the same time.
The problem you have now though is you are now looking at prices back to normality and the 3 year old models are now old models, which always skews things.
If you buy one today for £80k with a few options it might be retailed at an OPC for £59k in 3 years time with 36k miles on it, but you will get around £50k trade in from it.
Ask Porsche for a PCP quote with the highest residual they can do, that will pretty much tell you where it will be in 3 years, the residuals they set today tend to play a bit part in future values.
I reckon it will be around £45k.
When was the article written?
We bought a MY20 Cayenne from OPC for £49k last year when prices were still silly high, very nicely specced, which listed for £85k new.
I see an indi garage has one virtually the same on a 19 plate for £40k. But it was far better than paying nearly £80k for a year old one, that would have lost £30k in the same time.
The problem you have now though is you are now looking at prices back to normality and the 3 year old models are now old models, which always skews things.
If you buy one today for £80k with a few options it might be retailed at an OPC for £59k in 3 years time with 36k miles on it, but you will get around £50k trade in from it.
Ask Porsche for a PCP quote with the highest residual they can do, that will pretty much tell you where it will be in 3 years, the residuals they set today tend to play a bit part in future values.
I reckon it will be around £45k.
Cayenne’s depreciate like all “normal” cars. Buy a two year old one and run that for three years….you might get close to £10k a year depreciation on that if you don’t do big mileage.
The differences between the latest generation and the previous one are relatively small…I had one as a loan car last week, its a good car but nothing to get excited about compared to the previous car. They are both very good cars.
The differences between the latest generation and the previous one are relatively small…I had one as a loan car last week, its a good car but nothing to get excited about compared to the previous car. They are both very good cars.
Here you go...
https://www.pistonheads.com/gassing/topic.asp?h=0&...
New Cayenne with £20,000 off.
That might be a Cayenne Turbo S with £100k of options, but worth a look.
https://www.pistonheads.com/gassing/topic.asp?h=0&...
New Cayenne with £20,000 off.
That might be a Cayenne Turbo S with £100k of options, but worth a look.
Thanks for the replies -
I also noticed on Autotrader that it appears that almost new Cayenne are on there for higher than the RRP for the same model, whereas models a year or more old are following a more typical depreciation pattern.
Is this a short term thing because of the recent delivery delays that are discussed on other threads?
I also noticed on Autotrader that it appears that almost new Cayenne are on there for higher than the RRP for the same model, whereas models a year or more old are following a more typical depreciation pattern.
Is this a short term thing because of the recent delivery delays that are discussed on other threads?
Javert said:
Thanks for the replies -
I also noticed on Autotrader that it appears that almost new Cayenne are on there for higher than the RRP for the same model, whereas models a year or more old are following a more typical depreciation pattern.
Is this a short term thing because of the recent delivery delays that are discussed on other threads?
The new Cayenne launched in July last year, people were still paying overs for stuff at that point. So maybe dealers are trying their luck on cars they paid too much for. I also noticed on Autotrader that it appears that almost new Cayenne are on there for higher than the RRP for the same model, whereas models a year or more old are following a more typical depreciation pattern.
Is this a short term thing because of the recent delivery delays that are discussed on other threads?
If you are talking about OPC cars then it is probably just because they are well specced.
The reality is there are some decent discounts to be had now if you ring around.
Javert said:
Thanks for the replies -
I also noticed on Autotrader that it appears that almost new Cayenne are on there for higher than the RRP for the same model, whereas models a year or more old are following a more typical depreciation pattern.
Is this a short term thing because of the recent delivery delays that are discussed on other threads?
no cayenne is getting sold for over list. plenty have been advertised with 10K+off. over 50 new ones to choose from in the opc network.I also noticed on Autotrader that it appears that almost new Cayenne are on there for higher than the RRP for the same model, whereas models a year or more old are following a more typical depreciation pattern.
Is this a short term thing because of the recent delivery delays that are discussed on other threads?
they are getting hammered on depreciation. only buy one if you are looking to keep long term and are happy with 50-60%loss at least.
Sidsw said:
no cayenne is getting sold for over list. plenty have been advertised with 10K+off. over 50 new ones to choose from in the opc network.
they are getting hammered on depreciation. only buy one if you are looking to keep long term and are happy with 50-60%loss at least.
So basically at the moment I should not buy one at the moment neither new nor nearly new unless they give me a hefty discount against the list price.they are getting hammered on depreciation. only buy one if you are looking to keep long term and are happy with 50-60%loss at least.
Good to know, especially since the other cars I'm looking at are a lot cheaper than the Cayenne on list price (and standard spec).
Javert said:
So basically at the moment I should not buy one at the moment neither new nor nearly new unless they give me a hefty discount against the list price.
Good to know, especially since the other cars I'm looking at are a lot cheaper than the Cayenne on list price (and standard spec).
no buy one if its one you want. but if you think its a cheap car to own in terms of depreciation, its not. even if you get bigger discount it just means prices will be lower when you come to sell it as lots will sold with bigger discounts. Good to know, especially since the other cars I'm looking at are a lot cheaper than the Cayenne on list price (and standard spec).
a good way to see it is if you spend 100k on one and are looking to keep long term your 100k has gone. if you get some money back when you look to sell it a bonus.
Edited by Sidsw on Thursday 7th March 12:26
Sidsw said:
Javert said:
So basically at the moment I should not buy one at the moment neither new nor nearly new unless they give me a hefty discount against the list price.
Good to know, especially since the other cars I'm looking at are a lot cheaper than the Cayenne on list price (and standard spec).
no buy one if its one you want. but if you think its a cheap car to own in terms of depreciation, its not. even if you get bigger discount it just means prices will be lower when you come to sell it as lots will sold with bigger discounts. Good to know, especially since the other cars I'm looking at are a lot cheaper than the Cayenne on list price (and standard spec).
a good way to see it is if you spend 100k on one and are looking to keep long term your 100k has gone. if you get some money back when you look to sell it a bonus.
Edited by Sidsw on Thursday 7th March 12:26
Javert said:
Different question but can the electric towbar be retrofitted by the dealer or does it have to be fitted to the original car at the factory?
I had an electric tow bar retrofitted by my OPC to my early MY19 car, as when it was originally delivered in April 2018, the tow bar wasn't yet available to order. It wasn't cheap, at almost £3k fitted, including some parts discounts from PCGB membership, but it was the only option allowed if you want to keep the extended warranty.p.s. Depreciation becomes a lot more bearable if you keep a Cayenne for a long time. Mine is coming up for its 6th birthday this year, and given it's still only done 38k miles and has (for me) the perfect spec, I won't be spending another £60k to replace it with an equivalent new model.
Edited by pete on Thursday 7th March 13:40
pete said:
I had an electric tow bar retrofitted by my OPC to my early MY19 car, as when it was originally delivered in April 2018, the tow bar wasn't yet available to order. It wasn't cheap, at almost £3k fitted, including some parts discounts from PCGB membership, but it was the only option allowed if you want to keep the extended warranty.
p.s. Depreciation becomes a lot more bearable if you keep a Cayenne for a long time. Mine is coming up for its 6th birthday this year, and given it's still only done 38k miles and has (for me) the perfect spec, I won't be spending another £60k to replace it with an equivalent new model.
Thanks - how have you found the servicing costs and reliability up to now with the Cayenne - this is the other thing that I am wondering about as my current car is a Toyota and the servicing costs have been very reasonable - hardly ever had to spend a penny on top of the standard service fee?p.s. Depreciation becomes a lot more bearable if you keep a Cayenne for a long time. Mine is coming up for its 6th birthday this year, and given it's still only done 38k miles and has (for me) the perfect spec, I won't be spending another £60k to replace it with an equivalent new model.
Edited by pete on Thursday 7th March 13:40
Javert said:
Thanks - how have you found the servicing costs and reliability up to now with the Cayenne - this is the other thing that I am wondering about as my current car is a Toyota and the servicing costs have been very reasonable - hardly ever had to spend a penny on top of the standard service fee?
Main dealer will pull your pants down, my last Porsche service was charging £200 / hour, local Indy is less than half that, but you’re tied in until out of warranty (I know you can get service done outside the dealerships, but good luck with warranty claims!)In your position I’d be looking at an older car, my 2014 diesel S was £23k with 75k miles, in 4 years with another 60k miles on it I’d be surprised if it was worth less than £12k.
Javert said:
Thanks - how have you found the servicing costs and reliability up to now with the Cayenne - this is the other thing that I am wondering about as my current car is a Toyota and the servicing costs have been very reasonable - hardly ever had to spend a penny on top of the standard service fee?
OPC servicing costs are quite comical for the Cayenne, indeed for any Porsche, but certainly compared to a mundane family car. I can't recall paying less than about £8-900 for a basic service, once you add 2-yearly brake fluid changes, spark plugs, transmission fluid, aircon services, etc. Majors are normally upwards of £1500. On the plus side, they're only every 2 years for my mileage, and I haven't had any big unexpected additional maintenance, just the things which are on the recommended schedule that are technically "optional", but if you don't have them done you're on shaky ground with the warranty. Fortunately the warranty is cheap around £1k per year, and that has paid out handsomely for things like new rear lights, expensive door seals, rattling speakers, etc - all minor but adding up to thousands in total. The bills for the Cayenne are basically the same as they were for my 991 GT3.Actually, I've just checked some invoices. My last "major" which was the 6 year / 60k mile service, albeit performed at 5.5 years and 34k miles, cost £1970 at Reading. That included £185 for brake fluid, £295 aircon service, £540 spark plugs, and £98 for the pollen filters. If you were out of warranty, you could think carefully about whether things like plugs needed to be done, but not doing them would effectively nullify the warranty on the whole engine. I'd usually turn down the aircon service, but at this age it wasn't blowing so cold and also smelled a bit stale, hence accepting it. The previous 4 year service was £1600, as that included a gearbox and transfer case oil change - and you don't want to skip that, looking at transmission issues on previous Cayennes.
I should also add, it's been mechanically 100% reliable, just cosmetics, LED leaks and failures, and noisy door seals have needed to be done. The PCM5 was a nightmare until it had a couple of years of updates, but I understand PCM6 is much better, one of the reasons PCM5 was killed off so quickly around 2021.
Edited by pete on Friday 8th March 14:31
pete said:
OPC servicing costs are quite comical for the Cayenne, indeed for any Porsche, but certainly compared to a mundane family car. I can't recall paying less than about £8-900 for a basic service, once you add 2-yearly brake fluid changes, spark plugs, transmission fluid, aircon services, etc. Majors are normally upwards of £1500. On the plus side, they're only every 2 years for my mileage, and I haven't had any big unexpected additional maintenance, just the things which are on the recommended schedule that are technically "optional", but if you don't have them done you're on shaky ground with the warranty. Fortunately the warranty is cheap around £1k per year, and that has paid out handsomely for things like new rear lights, expensive door seals, rattling speakers, etc - all minor but adding up to thousands in total. The bills for the Cayenne are basically the same as they were for my 991 GT3.
Actually, I've just checked some invoices. My last "major" which was the 6 year / 60k mile service, albeit performed at 5.5 years and 34k miles, cost £1970 at Reading. That included £185 for brake fluid, £295 aircon service, £540 spark plugs, and £98 for the pollen filters. If you were out of warranty, you could think carefully about whether things like plugs needed to be done, but not doing them would effectively nullify the warranty on the whole engine. I'd usually turn down the aircon service, but at this age it wasn't blowing so cold and also smelled a bit stale, hence accepting it. The previous 4 year service was £1600, as that included a gearbox and transfer case oil change - and you don't want to skip that, looking at transmission issues on previous Cayennes.
I should also add, it's been mechanically 100% reliable, just cosmetics, LED leaks and failures, and noisy door seals have needed to be done. The PCM5 was a nightmare until it had a couple of years of updates, but I understand PCM6 is much better, one of the reasons PCM5 was killed off so quickly around 2021.
Ouch! Thanks that is very helpful - puts me off a bit when I compare it to the servicing invoices for my current car which are rarely more than £500 unless there is a big item like tyres or brake discs.Actually, I've just checked some invoices. My last "major" which was the 6 year / 60k mile service, albeit performed at 5.5 years and 34k miles, cost £1970 at Reading. That included £185 for brake fluid, £295 aircon service, £540 spark plugs, and £98 for the pollen filters. If you were out of warranty, you could think carefully about whether things like plugs needed to be done, but not doing them would effectively nullify the warranty on the whole engine. I'd usually turn down the aircon service, but at this age it wasn't blowing so cold and also smelled a bit stale, hence accepting it. The previous 4 year service was £1600, as that included a gearbox and transfer case oil change - and you don't want to skip that, looking at transmission issues on previous Cayennes.
I should also add, it's been mechanically 100% reliable, just cosmetics, LED leaks and failures, and noisy door seals have needed to be done. The PCM5 was a nightmare until it had a couple of years of updates, but I understand PCM6 is much better, one of the reasons PCM5 was killed off so quickly around 2021.
Edited by pete on Friday 8th March 14:31
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