Panamera Depreciation

Panamera Depreciation

Author
Discussion

Cimaguy

Original Poster:

456 posts

39 months

Tuesday 30th April 2019
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... why is it so bad from new?

It seems to plummet until it's about 5 years old.

The new Panamera looks fabulous but still it loses so much cash within the first 3 years.

GT03ROB

10,725 posts

188 months

Wednesday 1st May 2019
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They are big 4 door gas guzzlers. Its a sector that does not hold value well. Nice buy 2nd hand though.

Cheib

20,545 posts

142 months

Wednesday 1st May 2019
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I’d imagine the early Diesel l 4S is a decent buy of the current shape ? OPC lent me one for a day. I thought it was a fantastic car, if there was a Sport Tursimo version I think I’d have one on my drive.

I was looking at Turbo Sport Tursimo’s the other day....they do lose cash that’s for sure. I think I might buy one in a couple of years when they’re in the £70k to £80k bracket.

Cimaguy

Original Poster:

456 posts

39 months

Wednesday 1st May 2019
quotequote all
Even when they are at £70k (3 years old) they still will lose bucket loads between the 3-6 year of age. I suspect around £30k over this period... £10k p.a.!

GT03ROB

10,725 posts

188 months

Wednesday 1st May 2019
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I bought my 2012 Turbo S last year so at 6yrs old.

I guess after the previous owner had paid the dealer his cut, he'd probably shed in the region of 80-90k in 6 years & 12k miles.

Cimaguy

Original Poster:

456 posts

39 months

Wednesday 1st May 2019
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ouch!!!!!!!!

Cheib

20,545 posts

142 months

Wednesday 1st May 2019
quotequote all
Cimaguy said:
Even when they are at £70k (3 years old) they still will lose bucket loads between the 3-6 year of age. I suspect around £30k over this period... £10k p.a.!
On a car that cost £100k new I don’t think £10k per annum depreciation is too bad...in fact I’d take it and very happily run a Panamera if I knew it was going to cost £10k per annum!

RR50

68 posts

109 months

Thursday 2nd May 2019
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I was thinking about buying a new Turbo or Turbo S as a replacement for my Range Rover as I want a change but if they depreciate more than £10k a year then I might have to scratch that idea.

What kind of discount could I expect off a new one? Is it only few grand like an SVA Dynamic Range Rover or are we talking significant amounts like you can get off a BMW M car for example?

GT03ROB

10,725 posts

188 months

Thursday 2nd May 2019
quotequote all
RR50 said:
I was thinking about buying a new Turbo or Turbo S as a replacement for my Range Rover as I want a change but if they depreciate more than £10k a year then I might have to scratch that idea.

What kind of discount could I expect off a new one? Is it only few grand like an SVA Dynamic Range Rover or are we talking significant amounts like you can get off a BMW M car for example?
I'd say you've no chance of getting into a Turbo & achieving depreciation of 10k or less. Generally Porsche discounts are nominal to zero.

Cheib

20,545 posts

142 months

Thursday 2nd May 2019
quotequote all
GT03ROB said:
I'd say you've no chance of getting into a Turbo & achieving depreciation of 10k or less. Generally Porsche discounts are nominal to zero.
Agree on the former but not so sure on the latter...people on the Macan thread are getting discounts on circa 10% at the moment...I saw one OPC on their Instagram feed was throwing in £7.5k worth of Techequipment with a Macan too (not worth much in reality but still an indication of willingness to do deals)...that’s on a model that is less than six months old.

I was in OPC Hatfield yesterday....amongst their new cars they had three Panamera’s on display which is unusual especially as two were Turbo’s in identical spec. Guessing their new showroom car had come through and they hadn’t found a home yet for the previous one.


RR50

68 posts

109 months

Thursday 2nd May 2019
quotequote all
Cheib said:
I was in OPC Hatfield yesterday....amongst their new cars they had three Panamera’s on display which is unusual especially as two were Turbo’s in identical spec. Guessing their new showroom car had come through and they hadn’t found a home yet for the previous one.
What colours were they?

Cheib

20,545 posts

142 months

Thursday 2nd May 2019
quotequote all
RR50 said:
Cheib said:
I was in OPC Hatfield yesterday....amongst their new cars they had three Panamera’s on display which is unusual especially as two were Turbo’s in identical spec. Guessing their new showroom car had come through and they hadn’t found a home yet for the previous one.
What colours were they?
Black, black interior and black wheels.

Desert Dragon

878 posts

51 months

Thursday 2nd May 2019
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Cheib said:
RR50 said:
Cheib said:
I was in OPC Hatfield yesterday....amongst their new cars they had three Panamera’s on display which is unusual especially as two were Turbo’s in identical spec. Guessing their new showroom car had come through and they hadn’t found a home yet for the previous one.
What colours were they?
Black, black interior and black wheels.
I had a look at this too a few days ago too. Real step up in quality over last Panamera. Night and day actually over the first Panamera. Don't understand the middle seat with no leg room. I mean zero legroom and large but shallow boot but what a lovely car. I think new I'd take an E63 rather than spend £137k for a base Panamera Turbo. Most premium feel Porsche product at the mo IMO but you pay through the nose for it. The big LED screens and B&O style centre console really come into their own in the new Panamera.

Cheib

20,545 posts

142 months

Thursday 2nd May 2019
quotequote all
Totally agree....the interior reallly is a step up and I think Porsche interiors (assuming you’ve ticked the leather box) are excellent as it is. Sit in a FFRR and it just doesn’t get close. I’d really like one but know it’s an expensive car to own!

RR50

68 posts

109 months

Thursday 2nd May 2019
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Interesting that you say the interior is better than a Range Rover. Are you comparing it to an Autobiography trim level? If that's the case then that's one of my biggest reservations dealt with when considering to go for a Panamera.

I had better go and have a look at one rather than playing on the configurator. Problem is I just know that if I look at one and drive one I am going to want one. Its been a while since I have owned a Porsche and I keep thinking I would like to return to the brand.

EGTE

995 posts

149 months

Friday 3rd May 2019
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Of course, one could always buy an older Panamera and enjoy the depreciation that someone else suffered.

Mine's nearly 10 years old now and remains faultless.

red997

1,296 posts

176 months

Friday 3rd May 2019
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I've had a couple of Pana's
early 4S & later a Turbo S

dont remember the exact figures, but I dont recall them being too horrendous in depreciation, but I did buy them used from OPC. both were a couple of years old.

Great cars - 4S was nice, but the turbo was in a different league, especially as the previous owner had speced it to the hilt (and took the depreciation hit!)

Desert Dragon

878 posts

51 months

Friday 3rd May 2019
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EGTE said:
Of course, one could always buy an older Panamera and enjoy the depreciation that someone else suffered.

Mine's nearly 10 years old now and remains faultless.
Other than in name the two cars are simply not comparable in any way.

Personally I think you need to be mad to buy and run something like this without an OPC warranty unless you have oily fingers and a masters in electronics.

https://www.pistonheads.com/classifieds/used-cars/...

GT03ROB

10,725 posts

188 months

Friday 3rd May 2019
quotequote all
Desert Dragon said:
Personally I think you need to be mad to buy and run something like this without an OPC warranty unless you have oily fingers and a masters in electronics.

https://www.pistonheads.com/classifieds/used-cars/...
However, what you don't read much of on here are concerns about Panamera reliability.

….. running 3 Porsches, a Lotus & a Range Rover without any warranties.... I should be broke by now using most PH logic!!

Desert Dragon

878 posts

51 months

Friday 3rd May 2019
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GT03ROB said:
Desert Dragon said:
Personally I think you need to be mad to buy and run something like this without an OPC warranty unless you have oily fingers and a masters in electronics.

https://www.pistonheads.com/classifieds/used-cars/...
However, what you don't read much of on here are concerns about Panamera reliability.

….. running 3 Porsches, a Lotus & a Range Rover without any warranties.... I should be broke by now using most PH logic!!
Do not tempt fate my friend biggrin