Why's a used Panamera so expensive?

[Thankyou4calling]

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?

[Thankyou4calling]

They were under £60,000 although I assume many will have had options added.

[Thankyou4calling]

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.

[Thankyou4calling]

mozza42 said:

Where are these cheap S Classes? I'll have three - presume interstellar mileage?

http://www.autotrader.co.uk/classified/advert/201603041629233?onesearchad=new%2Cnearlynew%2Cused&make=mercedes-benz&searchcontext=default&page=1&postcode=nn100pw&model=s_class&search-target=usedcars&sort=default&radius=1500&year-from=2012&logcode=p&adPos=4

http://www.autotrader.co.uk/classified/advert/2016...

http://www.autotrader.co.uk/classified/advert/2016...

Fill your boots.

[Thankyou4calling]

Rapides start at £60,000 but they were listed at £140,000 new in 2010 so a lot more money and a lot fewer sold.

In real terms you'll lose A LOT more money, in percentage terms a bit worse than the Porsche.

[Thankyou4calling]

jke11y said:

Those three cheap S classes will undoubtedly have had a 1 or a 2 knocked off the start of their mileages. Also its old model, whilst panamera is still current.

If you know that report it to the authorities.

But as you don't you won't.