Hi all,
I’ve always wanted a Porsche. I thought they were too expensive but looking online I’ve seen some that are very affordable.
What’s the catch? Are they super hard/expensive to maintain? What’s the main things to look out for on say a 2014 panamera or 2010’s boxter?
Any advice would be appreciated
A lot of people have said these things elsewhere, but here are some things to be cautious about/aware of:
For most mass produced Porsches (panamera, cayenne, some 911/718 variants), the expectation you should have is that the car fully depreciates over about 10-15 years. So even if a 2014 panamera for 30k or 997 C4S at 60k or whatever seems like a good deal, just remember this car could potentially only be useable / worth anything to anyone for a few more years, and then that entire cost will be sunk. The opportunity cost would be purchasing a Toyota Camry or Lexus GX, respectively, that would have lasted you 10-15 more years. I think sometimes people forget this, but the statistics do not support the panamera, cayenne, or macan lasting longer than any other brand.
The maintenance costs do not depreciate with time or become equivalent to a 30k car like a Toyota. The cheapest ownership period is years 0-5 and then from there all bets are off.
People are often selling for a reason, ie “i don’t want to deal with X maintenance/repair issue.”
I may get a lot of downvotes for this, but if you are buying a new 150-200k car, I would tell you to expect it’s real cost with regard to depreciation, loan interest (if applicable), maintenance, etc. to end up being approximately 15-20k per year. That’s A LOT.
But your theory is contradicted by all the sales platforms and the prices they charge. What also speaks against it is that, according to Porsche, 70% of all Porsches ever built are still being driven. You also have to consider how the respective car is used and how the owners maintain it. If I use a VW or Toyota every day, even in winter with ice and snow and road salt, and then also save on maintenance, then the car will have reached the end of its service life after 10 or 15 years. But very few Porsches are treated like that.
You can look at caredge.com or whatever source you want. Idk where you live, but where I am people definitely treat their Macans and cayennes as daily drivers. No one treats these as anything THAT special. I don’t think these cars are treated well on resale. Panameras and cayennes get crushed on resale