Why's a used Panamera so expensive?

Why's a used Panamera so expensive?

Author
Discussion

Thankyou4calling

Original Poster:

10,602 posts

173 months

Monday 27th June 2016
quotequote all
They are generally derided for their looks (although I think they have great road presence) and I thought that would depress used values to the point you'd be able to buy one now for 10 or £12,000.

The oldest are now six years old yet they are still £30,000!

Is there a particular reason for it 's slow depreciation?

toohuge

3,434 posts

216 months

Monday 27th June 2016
quotequote all
Mostly because they are fantastic cars to drive...

eltax91

9,874 posts

206 months

Monday 27th June 2016
quotequote all
How much was it new?

TooMany2cvs

29,008 posts

126 months

Monday 27th June 2016
quotequote all
Thankyou4calling said:
Is there a particular reason for it 's slow depreciation?
Supply and demand.

Truckosaurus

11,287 posts

284 months

Monday 27th June 2016
quotequote all
They didn't sell many so the market isn't swamped and a replacement model is only just coming out.

A similar aged Cayenne is still up for £20-25k and they were cheaper to start with.

Pintofbest

805 posts

110 months

Monday 27th June 2016
quotequote all
I have just looked on autotrader for 6 years old and the price you said laugh I think you are expecting a bit too much...


Thankyou4calling

Original Poster:

10,602 posts

173 months

Monday 27th June 2016
quotequote all
They were under £60,000 although I assume many will have had options added.

rockford22

361 posts

132 months

Monday 27th June 2016
quotequote all
I must admit Porsche prices in general seem to remain very high. I have always fancied a Carrera and every time I come to change my car I take a look at Autotrader the price seems to be the same as the year before (and in the case of the 996 Turbo a LOT more).

Alex_225

6,261 posts

201 months

Monday 27th June 2016
quotequote all
Can't answer the question on prices although seems to make sense what people have already said.

I must admit they're not great looking but they do have plenty of presence and I would imagine they drive really well. I'd definitely have one as a day to day car. They're still better looking than the two SUVs Porsche build, in my opinion that is.

kambites

67,556 posts

221 months

Monday 27th June 2016
quotequote all
toohuge said:
Mostly because they are fantastic cars to drive...
Whilst it's true, I very much doubt that's actually the reason.

foxsasha

1,417 posts

135 months

Monday 27th June 2016
quotequote all
They are a great car to use as a daily. A bit fugly mind but a great family motor.

Krikkit

26,527 posts

181 months

Monday 27th June 2016
quotequote all
Joking apart the OP does have a point - they're £10k more expensive than the Jaguar XJ for example. Rarity aside, there's a lot of brand tax going on there. biggrin

Thorburn

2,399 posts

193 months

Monday 27th June 2016
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Ugly tax

Evolved

3,565 posts

187 months

Monday 27th June 2016
quotequote all
You were expecting a 6 year old car that sold for £60k+ new to be around £10k... I'll buy 2 biggrin

I think you'll have to wait a little longer than that. Look at similar priced cars and track their depreciation. E46 M3's for instance, similar money new (well less) are only just at the £10k mark for a decent one and they're over 10 years old now.

Thankyou4calling

Original Poster:

10,602 posts

173 months

Monday 27th June 2016
quotequote all
As an example a 2013 S class can be had for less than £20,000, that is three years newer and 30% less.

A BMW 7 series (2010) can be had for £10,000 so yes, I'm surprised at how slow the depreciation has been, usually big saloons drop like a stone.

I guess it's a testament to the Porsche badge value.

BlueHave

4,650 posts

108 months

Monday 27th June 2016
quotequote all
Krikkit said:
Joking apart the OP does have a point - they're £10k more expensive than the Jaguar XJ for example. Rarity aside, there's a lot of brand tax going on there. biggrin
Used XJ from around 2011 and 2012 can be had for around £20k now.

All the options count for nothing. I saw one for sale which was £80k new after all the bells and whistles selling for £24,500.

£50k wiped off in 5 years seems ridiculous.

mozza42

241 posts

183 months

Monday 27th June 2016
quotequote all
Thankyou4calling said:
As an example a 2013 S class can be had for less than £20,000, that is three years newer and 30% less.

A BMW 7 series (2010) can be had for £10,000 so yes, I'm surprised at how slow the depreciation has been, usually big saloons drop like a stone.

I guess it's a testament to the Porsche badge value.
Where are these cheap S Classes? I'll have three - presume interstellar mileage?

Aeroresh

1,429 posts

232 months

Monday 27th June 2016
quotequote all
Its simple:- The Panamera, if you can get over the way it looks, wipes the floor with the competition, simple as.

I've really struggled thinking of a replacement for mine other than getting another one, so will wait until the 2nd gen car is released later this year.

Pricey, yes, but at least you get something back at the end, unlike any of its rivals

TwigtheWonderkid

43,351 posts

150 months

Monday 27th June 2016
quotequote all
BlueHave said:
Krikkit said:
Joking apart the OP does have a point - they're £10k more expensive than the Jaguar XJ for example. Rarity aside, there's a lot of brand tax going on there. biggrin
Used XJ from around 2011 and 2012 can be had for around £20k now.

All the options count for nothing. I saw one for sale which was £80k new after all the bells and whistles selling for £24,500.

£50k wiped off in 5 years seems ridiculous.
The XJ is a nice car but it's not in the same league as the Porsche.

carreauchompeur

17,846 posts

204 months

Monday 27th June 2016
quotequote all
I've taken a ride in one and they really are fantastic. If I had the money and needed the space I'd have one in a heartbeat. They do appear relatively scarce still which probably keeps values high.