Panamera value
Panamera value
Rennlist Member
Joined: Nov 2019
Posts: 7,745
Likes: 3,293
From: linker Fahrbahn
Cars depreciate and are generally not financial investments, using a strict definition.
They do not rise in value unless they are special. Special is subjective. Special can mean limited edition or high performance edition, or both. Special furthermore suggests a pristine condition, low miles modern car, or concours-level restoration of a historic car.
Because the Panamera is not old enough to be historic, the first criteria of special will likely be used, with emphasis on low miles and pristine condition.
In my view there are no Panamera models that are "special" enough to justify increasing value.
Increasing in value is not the same as the flattening of the depreciation curve, which may be happening now for older well-optioned Panameras in excellent condition and low mileage for their age.
All of the above applies similarly to most performance and luxury brands.
They do not rise in value unless they are special. Special is subjective. Special can mean limited edition or high performance edition, or both. Special furthermore suggests a pristine condition, low miles modern car, or concours-level restoration of a historic car.
Because the Panamera is not old enough to be historic, the first criteria of special will likely be used, with emphasis on low miles and pristine condition.
In my view there are no Panamera models that are "special" enough to justify increasing value.
Increasing in value is not the same as the flattening of the depreciation curve, which may be happening now for older well-optioned Panameras in excellent condition and low mileage for their age.
All of the above applies similarly to most performance and luxury brands.
Burning Brakes
Joined: Jun 2017
Posts: 1,024
Likes: 131
From: NY -> MA
@chassis is obviously correct for the most part though I do think it's still too soon to know for sure. I say this because the above sentences probably could've been (and very likely were!) written about many non-911 Porsche models which now have some degree of collectibility. So, I do think it's possible that Panameras may "some day" increase in value, but I think that would only be "above their minimums." Meaning, I'm talking about a gentle reverse of the depreciation curve off the bottom. I don't believe any Panamera will ever be a "high priced" collectible.
Instructor
Joined: Sep 2018
Posts: 104
Likes: 24
From: San Francisco, CA
I agree with the above. Unless they gain a cult following like Land Cruisers, Wagoneers, etc the depreciation curve will flatten and continue to devalue similarly to the Cayenne. The higher end models (GTS, Turbo S) are likely to command a small premium at the bottom but I'd imagine only $3-5k.
2nd Gear
Joined: Jan 2020
Posts: 2
Likes: 0
When used cars begin to show up as parts cars in significant numbers they are reaching the bottom of their price curve. This usually anywhere from 15 to 20 years out. After that, those examples in above average condition will begin to appreciate. Very low mileage (<10K miles) cars will increase significantly if the marque has a following, as does the Panamera. I'm not seeing a lot of parts cars here beyond CoPart and salvage auctions.
I'd say the early models have another ten years before pristine examples begin their ascent. That being said, well kept cars are going to hit a bottom very soon. My guess is the floor will be somewhere in the $25-28,000 range; meaning they'll never fall below that because the comparable driving experience ranks it at that level.
I'd say the early models have another ten years before pristine examples begin their ascent. That being said, well kept cars are going to hit a bottom very soon. My guess is the floor will be somewhere in the $25-28,000 range; meaning they'll never fall below that because the comparable driving experience ranks it at that level.
Instructor
Joined: Mar 2014
Posts: 224
Likes: 8
From: Sacramento
I'm currently looking at a used private sale Turbo asking $38000 , 78,000 miles (PDCC option). I think it's way too high. I'm considering offering $29k-$30k. What do you guys think?
BASE Panamera Turbo 1H Platinum Silver Metallic 351 Adaptive Air Suspension w/PDCC 456 Adaptive Cruise Control 619 Bluetooth 638 ParkAssist F/R Inc Rear Camera 641 Electronic logbook 658 Variable Assist Power Steering 686 XM Satellite Radio 712 PDCC Electric Rear Differential 810 Floor mats 822 Tineo interior package 861 Pwr Sunscreen-Rear Side Windws 862 Pwr Rear Window Roll-up Screen 865 Thermally and Noise Insulated Glass 868 Retractable Luggage Comp Cover 870 Universal audio interface CC Platinum Grey Full Leather XYV Porsche Crest-Front Headrests
BASE Panamera Turbo 1H Platinum Silver Metallic 351 Adaptive Air Suspension w/PDCC 456 Adaptive Cruise Control 619 Bluetooth 638 ParkAssist F/R Inc Rear Camera 641 Electronic logbook 658 Variable Assist Power Steering 686 XM Satellite Radio 712 PDCC Electric Rear Differential 810 Floor mats 822 Tineo interior package 861 Pwr Sunscreen-Rear Side Windws 862 Pwr Rear Window Roll-up Screen 865 Thermally and Noise Insulated Glass 868 Retractable Luggage Comp Cover 870 Universal audio interface CC Platinum Grey Full Leather XYV Porsche Crest-Front Headrests
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Michael S. Palmer
Pro
Joined: Jun 2009
Posts: 596
Likes: 53
oh - 2010, ya maybe. KBB numbers should be close yes. If they are telling you $29-30K you have some data to show the seller and start the conversation at least.
Make sure you capture all the options - they make a big difference in KBB value.
Make sure you capture all the options - they make a big difference in KBB value.
Pro
Joined: Jul 2018
Posts: 641
Likes: 106
I mean the Panamera Turbo 2010-2011 model is 10 years old. They still cost $30,000+ with 80,000 miles. Whats a 2010 E63 worth? A 2010 M5 with 80,000 on the clock. A Porsche takes a pretty big hit right away, because they commend a premium when new over a comparably optioned car by another manufacturer. I'd say the Panamera GTS, and Turbo have held their value pretty good considering many are an 8-10 year old car thats still desirable. The Turbo S does seem to hold its value a bit more since they are more rare and typically have a few more options than a comparable year/model. Hell the 2014-2016 Turbo S are still $70,000 or more and the 2017 Panamera Turbos are already under $100,000. I expected a faster depreciation to be honest.
I paid $60,000 18 month ago. My car still checks out at about $48,000 - $50,000. That's really not too bad since its 7 years old. I mean ya if you look at the stick price of $186,000 someone sure paid out their rear end but it wasn't me! Check out the depreciation on an Ferrari FF.......
There are next to zero late model cars that really increase in value that are extreme special editions like Ford GT, The BMW M1, certain perfect models of the 1998 Turbo Supra. I'm sure there are a hand full of others that just happen to somehow work out that way. They are rare, and they are only worth something without miles sitting in a garage which defeats the whole purpose of owning the car in the first place. In 20 years the Panamera isn't going to be winning Mecham auctions, but nether is a 2012 GT2. Best you can hope for is some flat depreciation or none.
$30,000 sounds on the low side for that car, but not necessarily an insulting offer. I use Carguru typically to check pricing based on available cars, not bluebook values.
I paid $60,000 18 month ago. My car still checks out at about $48,000 - $50,000. That's really not too bad since its 7 years old. I mean ya if you look at the stick price of $186,000 someone sure paid out their rear end but it wasn't me! Check out the depreciation on an Ferrari FF.......
There are next to zero late model cars that really increase in value that are extreme special editions like Ford GT, The BMW M1, certain perfect models of the 1998 Turbo Supra. I'm sure there are a hand full of others that just happen to somehow work out that way. They are rare, and they are only worth something without miles sitting in a garage which defeats the whole purpose of owning the car in the first place. In 20 years the Panamera isn't going to be winning Mecham auctions, but nether is a 2012 GT2. Best you can hope for is some flat depreciation or none.
$30,000 sounds on the low side for that car, but not necessarily an insulting offer. I use Carguru typically to check pricing based on available cars, not bluebook values.