Will you buy another?
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I think the whopping depreciation is tied to the other ownership attributes mentioned: Inefficiency, lackluster quality, and PITA DYI. Typical owners start dumping these after realizing it requires regular consumption of resources and downtime to fix stupid stuff. Enthusiasts can keep these running longer, but still have to put up with atrocious parts prices ($15 for a plastic bolt cover, $1200 for a headlight unit, $5000+ for new PCM?) even if they take on the PITA DYI.
It's not the case that all mass manufactured cars must exhibit massive depreciation. If the car offers a long term, sustainable value proposition, the market will recognize it. A good example is Subaru. Their owners are arguably not as economically resourceful or car savvy as the Porsche crowd, but their cars stay on the road, and used car values hold up even long after warranty expires.
It's not the case that all mass manufactured cars must exhibit massive depreciation. If the car offers a long term, sustainable value proposition, the market will recognize it. A good example is Subaru. Their owners are arguably not as economically resourceful or car savvy as the Porsche crowd, but their cars stay on the road, and used car values hold up even long after warranty expires.
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Will I buy again? Depends. This is my second Cayenne and the improvement from the 957 to the 958 was pretty dramatic. After cross shopping almost everything under the sun, I came back to the Cayenne 958. If the improvements to the future Cayenne are as dramatic as the current ones, I absolutely will be a buyer again.
However, just out of boredom I might venture out and get another marque for a while and come back to the Cayenne years down the line...
However, just out of boredom I might venture out and get another marque for a while and come back to the Cayenne years down the line...
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I think the whopping depreciation is tied to the other ownership attributes mentioned: Inefficiency, lackluster quality, and PITA DYI. Typical owners start dumping these after realizing it requires regular consumption of resources and downtime to fix stupid stuff. Enthusiasts can keep these running longer, but still have to put up with atrocious parts prices ($15 for a plastic bolt cover, $1200 for a headlight unit, $5000+ for new PCM?) even if they take on the PITA DYI.
It's not the case that all mass manufactured cars must exhibit massive depreciation. .
It's not the case that all mass manufactured cars must exhibit massive depreciation. .
You can think that all you want. But let's talk about facts.
Show me another $60-$100k car from 8-10 years ago with anywhere near the same production numbers that hasn't depreciated the same amount.
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What I'm talking about is the rapid depreciation curve from the moment you get it. I don't see that happening with the Tesla Model S.
Last edited by racer_65; May 22, 2014 at 01:50 PM.
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I had a 08' MDX tech since new and paid 55 then traded this year for a 14' CP gas. TIV was 18k so yea they all depreciate and that MDX was boring.
If you a worried about depreciation and performance buy a 14' Nissan titan (they are giving away the base models) and do intake / exhaust / tune and be amazed at how much you spent for how much performance you get. I have a 09' with those mods (4" Air Raid MXP / Magnaflow / Hypertech / Hawk brakes) and it screams.... to 60 LOL and yea it will drink some gas (I get 11)!
If you a worried about depreciation and performance buy a 14' Nissan titan (they are giving away the base models) and do intake / exhaust / tune and be amazed at how much you spent for how much performance you get. I have a 09' with those mods (4" Air Raid MXP / Magnaflow / Hypertech / Hawk brakes) and it screams.... to 60 LOL and yea it will drink some gas (I get 11)!
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1) Assume the part is a maintenance item and make it easily accessible
2) Assume it will last the life of the car and build it to meet the spec
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I just did a search on Cars.com and for your model year of Cayenne 04-06. You can have nearly any luxury brand car, Lexus, BMW, Mercedes, Jaguar, etc, for As low as $3-5k
Whip out a calculator and you will see that they ALL depreciate about the same percentage over the same time. It's NOT a "Cayenne thing"
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I am on my 3rd Cayenne & will most definitely buy a forth at some point in the future.
I'm still trying to figure out why someone would compare a Cayenne to a Tesla Model S...a Panamera maybe, but come on....these 2 couldn't be more different.
Sounds like you just don't know what you want in a vehicle & are just looking for ways to poke holes in what you have. If you are concerned with depreciation buy a year or two old with low miles & CPO...you can't beat that combo!
I'm still trying to figure out why someone would compare a Cayenne to a Tesla Model S...a Panamera maybe, but come on....these 2 couldn't be more different.
Sounds like you just don't know what you want in a vehicle & are just looking for ways to poke holes in what you have. If you are concerned with depreciation buy a year or two old with low miles & CPO...you can't beat that combo!
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Here is a search of many of the "luxury brands" for 04-06 model years. Price range is from $1,000 to $20,000
These are all the models to chose from that can be had for in that range. Almost 27,000 results just on cars.com.
Pick any example you want and let's start looking at REAL depreciation percentages!
These are all the models to chose from that can be had for in that range. Almost 27,000 results just on cars.com.
Pick any example you want and let's start looking at REAL depreciation percentages!
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Here is a good recent bit of info I just stumbled on. They didn't have the 04-06 data. But if I find it I'll share it.
Most of these sites don't care about 8-10 year numbers since they all fall through the floor.
Most of these sites don't care about 8-10 year numbers since they all fall through the floor.
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Article listing the Cayenne as one of the "top depreciation beaters"
http://www.telegraph.co.uk/motoring/...-revealed.html
http://www.telegraph.co.uk/motoring/...-revealed.html
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[QUOTE=mgbrillo;4119571]
That's just how I want to get my money back for repairs - litigation.
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you missed my point- my point was depreciation was huge on that boring MDX, I was not saying the depreciation was good LOL
talking about depreciation on a car is pretty pointless anyway
talking about depreciation on a car is pretty pointless anyway