Panamera residuals...John?

[graham.webb]

Fame at last, eh?! I enjoyed John's piece in PP about the Panamera...esp as it's written from a 944 owner's point of view.

I think we'll all get used to the look of the thing, and the idea of a four seater appeals (couldn't live with a Cayenne, I'm afraid).

My question is this, John...did they indicate whether depreciation might be comparable with the 911? Bearing in mind 996s are just becoming affordable, will I be able to afford a Panamera before I'm too creaky to get in or out?!!

Could be another 10 - 15 years?

 

[zcacogp]

ORIGINAL: graham.webb
will I be able to afford a Panamera before I'm too creaky to get in or out?!!

Depends upon how old you are! []


Oli.

 

[pauljmcnulty]

My question is this, John...did they indicate whether depreciation might be comparable with the 911?

I can't see the comparison, it's a different market. Possibly more relevant to compare it with, say, Quattroporte or Flying Spur for residuals. As in, rather scary to those of us that don't run company cars! []

When they're a few years old, and down to, say, E-Class money, I would think they'll still be awesomely expensive to run but I'd like to think more reliable a prospect than other options.

Interesting to see the prices of the new Jag XJ. Would you choose the XJ over an entry-level Panamera? [8|]

 

[graham.webb]

I know it's not the same market, just wondered when prices would have dropped sufficiently for us Porsche enthusiasts at the bottom of the food chain to afford one!! Just consider, it's front engined, rear wheel/four wheel drive...

When my S2 was new someone probably paid £35 - £40k for it. Problem is I can't wait 17 years...more likely to be driving a Toyota Yaris by then, and too doddery to park something that big outside Tesco!

I wouldn't consider buying that sort of car new, and few people do...I believe most E Class Mercs/Jag XJs etc start off as company cars, then bought by the rest of us after 3 years when the price has halved.....!
Check the price of a 5 year old 7 series BMW and you'll see what I mean.

 

[sawood12]

I think the residuals will drop like a stone like they do with all big luxury cars. Look at the VW Phaeton - £70k+ new and you can pick up 4yr/5yr old ones for under £20k - and top spec ones at that with low mileage. Audi A8 is the same. Bear in mind a 911 is a relatively cheap car to run (if you steer clear of the OPC network that is), one of these things will cost three or four more times to run than a 911 and the depreciation will reflect that.

Regarding the entry level Panamera - the v6 2wd car - many think will be the sweet spot in terms of all round driving dynamics, so for those without an ego, chest wig or feeling they need to make up for inadequacies in other areas of their lives it could be a very shrewd purchase. I'd be happy with one as long as it had the sat nav and the retractable towing hook!

 

[circleace]

I think the residuals will still be in the region of late 40% to early 50% after the first three years as normal. Porsche wont sell as many as they think which will keep used prices quite high for that period but after that, I think they will level off in comparision to other prestige brands such as the Maserati, Mercs but not as low as the BMW 7 Series which loses a small fortune. The VW Phaeton is a fabulous car, probably the best but who wants to pay that money for a VW?? Same engineering as a Bentley, same factory but great buy 3 years old....

 

[Hilux]

£1.50p per mile minimum is what new Porkers are depreciating and thats after the initial hit for daring to screw number plates onto it and drive it off the showroom forecourt.

I was bumbling about on Pistonheads classifieds recently and the cars you could own and run in a year for the cost of 12 months depreciation on a JaguPanaMercAudi type car is amazing.