Does the Cayenne have a chance at holding resale value?
#17
12-04-2016, 12:30 AM
Hey guys,
Just had a kid and looking at a SUV now. I obviously need a 500hp kid hauler so i started perusing the classifieds. It looks like the current cayenne took the expected massive depreciation hit in the first few years like any luxury car, but my question is do you all think that there is going to be any firm "price floor" on this thing. I.e my 996TT cost me 46k 4 years ago and is still worth like 42k. Its obviously older but think 4 year old m3s, or 6 year old 997tts. They start to settle at a certain price because of demand.
The value on the prior gen cayenne so got destroyed, but i thoght that was due to relibility and shared parts with vw.
Is the latest one doomed to the same fate or is there always going to be special place for a mega hp SUV with porsche branding? Total speculation here
Just had a kid and looking at a SUV now. I obviously need a 500hp kid hauler so i started perusing the classifieds. It looks like the current cayenne took the expected massive depreciation hit in the first few years like any luxury car, but my question is do you all think that there is going to be any firm "price floor" on this thing. I.e my 996TT cost me 46k 4 years ago and is still worth like 42k. Its obviously older but think 4 year old m3s, or 6 year old 997tts. They start to settle at a certain price because of demand.
The value on the prior gen cayenne so got destroyed, but i thoght that was due to relibility and shared parts with vw.
Is the latest one doomed to the same fate or is there always going to be special place for a mega hp SUV with porsche branding? Total speculation here
I paid just over $20k for my '05 with only 75K miles on it. Sticker on mine was ~$120K. Probably only worth about half what I paid for it less than 3 years later.
I don't see much of a bottom for these things. I've seen several decent 955 turbos for between $10-$15K. That's cheap for a lot of power. 957's and 958's seem to be following suit so far.
#18
12-04-2016, 08:36 AM
I just see there being too much competition for these cars to find much of a floor. And that competition is on the increase, with new offerings from Jaguar, Maserati and others. If they are great cars, I guess the solution is just to drive it and enjoy it, knowing that the cost of ownership is pretty high if you buy it new or almost new.
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