used Cayennes cost less than Boxsters?

[986_inquiry]

Posting a few, so if one sells the rest might still be up

2004 Cayenne S $12,9
Cars for Sale: 2004 Porsche Cayenne S in Guthrie, KY 42234: Sport Utility Details - 344560212 - AutoTrader.com

2005 Cayenne S $13,8
Cars for Sale: 2005 Porsche Cayenne S in Williamsburg, KY 40769: Sport Utility Details - 349219117 - AutoTrader.com

2004 Cayenne S $13,9
Cars for Sale: 2004 Porsche Cayenne S in Hoffman Estates, IL 60169: Sport Utility Details - 349781883 - AutoTrader.com

You couldn't buy a 2004-2005 Boxster S for that price, so it's not just Boxsters that are dropping fast in value. 911's seem to be dropping quick too but not like this, these are over 75% off what they cost new.

Does this mean Caymans and Panameras will follow? Will used Panameras sell for $19,000 in 5 years?

Any thoughts?

[Kenny Boxster]

Nice try, Cayenne salesman. With all jokes aside, I've seen turbo s cayennes go for less than 15,000 around DFW.

[Perfectlap]

No model is immune to over-production. Rapid depreciation has little to do with the merits or flawes of the particular Porsche model.

Once a Porsche is out of warranty, the pool of buyers shrinks dramatically.
With hundreds of thousands of water-cooled Porsches now out of warranty, many with high mileage, there are not anywhere near enough enthusiasts to brave the costly repairs that require specialized labor. Not in this economy. And quiet frankly in the $30K and under buying category, where most buyers are not pro athletes or trust fund babies, Porsche as a brand seems more like a daily driving liability than anything else.

The only real bottom to the prices of water-cooled Carreras, Boxsters,Caymans and Cayennes with this level of excess supply is the seller's decision to simply keep the car (reducing supply): what the market will offer just isn't worth selling since few Porsches are rare productions. Otherwise the average owner, looking for something newer since supply is so good, is going to opt for the quick cash which means prices will continue to plummet further still for all water-cooled/high production Porsches.

Cheap money, making it easier to abandon even two year old cars to the trade-in counter, in nearly pristine shape, only compounds the downward pressure on pricing for the out of warranty cars. Since Cayennes and Panameras are the top selling cars, they will have the rudest awakening once the Porsche premium meets the reality of the second hand market.

p.s.
For certain years since its introduction, a base Cayenne was the cheapest Porsche you could buy, a.k.a. 'entry level' designation. And given its high production numbers it makes perfect sense that Cayennes will become cheaper to buy than Boxsters. The only issue might be practicality, more used buyers need four seats than there are buyers who can do with only two. We'll have to wait and see.

[Hayden]

Interesting, but not surprising considering how many are out there. I never look at SUVs when car shopping, as my searches are always fairly specific, so I'm curious now.

Are these good vehicles? Maintenance-wise, how do they stack up to the 986? Rarely see out of warranty ones on the road around, but people are starting to care about keeping up with the Joneses more than ever in this city so, I don't think it's a good litmus test.

By the way, I've not seen a single 986 on the road since owning the car for a few months. Prior to that, I've only seen a handful over the past year, and I look for everything on the road constantly. I'm more surprised by this as each day passes. See plenty of new high end Porsches and exotics almost anytime you leave the house. Kinda weird, but I guess not totally surprising. A vast majority of people think they have to go to the dealership to get their car fixed, and that would almost be a deal breaker for me too on owning an older Porsche.

[BYprodriver]

2003-2007 V-8 Cayennes have high maintenance costs beyond 986's.
V-6 are pretty reliable & original base MSRP was $42,K
2008 & newer Cayennes are relatively troublefree. 2008 touchscreen is difficult to navigate around, 2009+ much better design.
03-07 V-8 main issues are plastic coolants tubes under the intake manifolds leak, requiring aluminum tube update. Driveshaft support bearings fail & numerous electrical problems.

Top reasons I have not considered a Cayenne: AWD is standard & useless to me.
Macan is due out at the end of the year & I assume it will be available in 2wd.

[j.fro]

2006-2007 BMW 7 series cars can be had under 20,000 now. In 5 years, the 2010 Panamera will be just another used luxury car out of warranty in a market with a LOT of choices...

[thstone]

Water cooled Porsche's have been built in large enough numbers such that they follow standard curves of depreciation regardless of how high the initial purchase price.

2010 Panamera's with 50K miles are selling for $65K. When they get to 100K miles, the price will be half that or around $30K.

[Perfectlap]

Originally Posted by thstone

2010 Panamera's with 50K miles are selling for $65K. When they get to 100K miles, the price will be half that or around $30K.

or the cost of replacing the PDK. Unless someone not charging dealer rates have learned how to fix them.

[Steve Tinker]

Even in Australia, there are a few used Cayennes @ around $US32,000 for a 2003 model with 100,000 miles on the odo.
Considering here a new base V8 Cayenne now costs over $US172,000 (gulp) to buy before adding any options, the original owners have taken a real tumble.

I wonder how much the servicing costs are over 100,000 miles of driving plus you bought an extended warranty from Porsche which forced you to take the vehicle to the OPC for its routine servicing? Now add that to the depreciation and the dollars soon add up to a very large number.....

[thstone]

Originally Posted by Perfectlap

or the cost of replacing the PDK. Unless someone not charging dealer rates have learned how to fix them.

+1 You hit that right on the head. The PDK is a license for shops to print repair income.

[Joe B]

Who'd want a Cayenne anyway ?

[Jake Raby]

The problem with a "cheap Porsche" is that many who can afford to buy them, cannot afford to own them. This is why so many that break get sold at pennies on the dollar.

The Cayenne engine is the only watercooled Porsche engine that impresses me from an "over built" standpoint. We are enjoying building the engines and they are super, super heavy duty internally. There are no internal engine issues other than cylinder failures on the S models; but those seem to only occur in cold climates as the turbo version has factory Nikisil bores. (thats the reason why we started the Cayenne engine program and mostly just for the Canadian contingent)

I have a Turbo Cayenne and my Wife drives it daily, we both love it. A little tuning and some mods go a long way quick with these beasts. The turbo just rolled 100K miles and is still going strong, even with a whole lot of experimental oils being fed through it.

Here are some pics of a big bore, ported, high compression "S" engine known as the Raby 5.1. Its a true beast, gets 24 MPG and has neck breaking throttle response.





More build pics here:
https://www.facebook.com/media/set/?set=a.641338479227284.1073741840.184464434914693&type=3

[rp17]

Panameras at 20K? I won't be suprised. According to the dealerships, 4 door Porshes sell way faster than 2 doors. They should be easier to work on though.

[coolbreeze551]

Jake those pictures make me drool... Still saving for the 2.7 --> 2.9 conversion for the box. Can't wait for that day to come :dance:

[thstone]

Just a note folks - if you like Porsche engine pic's (which I do tremendously) then "Like" the Flat 6 Innovations page on Facebook. Obviously I have nothing to do with F6I, just passing on the info.

[Perfectlap]

Originally Posted by Jake Raby

The Cayenne engine is the only watercooled Porsche engine that impresses me from an "over built" standpoint.

Does this include not being impressed with the 997 4.0?

[The French Dude]

Originally Posted by thstone

Just a note folks - if you like Porsche engine pic's (which I do tremendously) then "Like" the Flat 6 Innovations page on Facebook. Obviously I have nothing to do with F6I, just passing on the info.

You kinding me ? there are all horror pictures !

[Jake Raby]

Originally Posted by Perfectlap

Does this include not being impressed with the 997 4.0?

Yep, pretty much. My comment was based on "overkill engineering" more than anything else. The Cayenne engine is certainly over built.

BTW- All those failure pictures on the FB page are just a sample of what we have.. If I shared all of it, no one could handle it. All we see is blown up carnage.