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

 

I think maybe the GTS or the CTTS will find a bit of a floor if well taken care of. The rest, i don`t think will hold much value. It is after all an SUV. It doesn't have that tug at the heart appeal of a real sports car.

 

Yeah,that's my fear. I've always wanted a CTT purely from a big power perspective whereas my wife is going to lean towards whatever is newer and prettier.

I'm concerned that if I buy into a basic S model that it'll depreciate like a rock vs a slightly older 958 Turbo that would hold it's value a it better for a similar entry cost. Ah decisions...

Just trying to avoid buying an X3 or something

 

If you can get a CTT in good shape that has already taken a good hit on depreciation, I think that would be a good way to go. The CTT is just too much fun to drive.

 

To quote a wise man "No, Hell No, No No No No No, Hell No!"
Anything on the premium scale just erodes the value,
Now if you pick one up that took the brunt of the erosion - say the first 2-3 years
you milage might vary, but alas these peppers, as beautiful as they are and amazing as they drive comes at a high price.

If it makes you feel better nobody else is really doing any better

 

It's luxury car and it's value going only down, especially after new model comes out. Luckily 958 facelift was quite mandatory, so prices won't drop so fast as happened with 955 after it got facelift and transform to 958.

 

What he said. Especially a highly optioned one. My '15 Turbo (not an S) had a msrp or 171,000.00. I don't even want to think of the beating I'll take.

 

i sold my turbo for 12k after zero interest for 6 months.

 

What were the particulars of your turbo?

 

CTT(S) do not hold their value at all. I sold my last one, a loaded 2009 Turbo S, with 80,000 miles for $28,000 in almost perfect shape two months ago.

My current 2013 CTT I decided to buy used. After just 18 months and 29,000 miles of use, I bought the car for just over 50% of its list price. I don't know if the previous owner paid full sticker, but if they did... they lost $70,000 in 18 months....my "new" CTT has just about every option ticked, not a scratch or ding on it.

I would expect to sell my 2013 with about 80,000 miles in a few years for about 1/2 what I paid for it.

 

I bought my '06 CTTS for under $20k. Sticker on it was $120k, so it depreciated $100k in 9 years.

In general cars aren't investments and that's absolutely the case for these.

 

The Cayenne seems to be worse than most other luxury suv's from a depreciation standpoint. Maybe there are too many of them made, maybe they are just overpriced to begin with...I don't know. We almost bought one for our mtn house but ended up getting a cheaper vehicle instead...but the Cayenne would have been a heck of a lot more fun. They are just very, very expensive to own if you buy a new one.

 

Forget about the depreciation. Owning a CTT or CTTS is just about the most gratifying, best-kept automotive supercar ownership secret... ever.

Let the prices drop - I'll just buy more.

 

Sooo true!!! Paying full price for one of these would just be idiotic!

 

+2, mine still puts a smile on my face EVERY single time I drive it. I'm still amazed at how effortlessly something so heavy and solid can devour the road in front of it!! I plan on selling her...NEVER.