I am about to trade in my 2014 PTTS (MSRP $198k) with 17,000 miles for a 2016 CTTS and getting hammered on trade in price. I have been shopping the car around and the best I can get for it is ~$100k. Why does this car have such bad depreciation? Anyone in the market for one?

 

I have heard that about them. It really sucks. Same here with the Turbo's. You really have to hang on to them for a bit. The first few years are brutal. GLWS.

 

If I were in the market for a car like yours, I would expect to pay $110k - $115k for a CPOed car (from a dealer). $100k is not far off in the private market.

The real challenge is that these cars don't move very quickly off dealer lots, so they are probably figuring in some carrying costs.

 

No different than any other high dollar car. My 2012 BMW 750 was $101k new and worth $48k on trade 1 year and 14k miles later. It continues to depreciate about $1200 a month still with no end in sight - I'd be thrilled if I could get $30k for it now.

 

It seems as if the Panamera Turbo S models and turbo models do not move fast. My dealer has had several executive demo ones unsold for like 2 years on its lot from the 2014 model year. Meanwhile the Panamera GTS in CPO form sells in like a day after being listed for sale. They often sell as mine did, to friends of the dealer or best customers before they ever make the Internet.

 

I'm probably going to hold out for the release of the 2017 redesign, but what are the specs on your car (colors, options, etc) maybe a copy of window sticker if available and I can evaluate

 

My 2014 is black/black. Please pm me you email address if you would like more info.

 

Agreed.

 

Why trade it in for such a hit especially when it's still fairly new - 17K miles is nothing!

 

It's all driven by market, like the previous post indicated. There is a small market for the panameras to begin with, and an even smaller, much smaller, market for the turbo S. I agree the way to buy these are when they hit about 3-4 years old, and you can usually get them for about 45-50% of the original MSRP with good mileage.

 

IMO, you can't get a better sports sedan than a Panamera. The big downside on the Panamera line in general is that the electronics are a little dated, especially when compared to the newer offerings from Audi and to a smaller extent BMW. I personally can't stand the MB electronics as here in the USA as you can't manually enter addresses in the Nav while the car is moving.

Aside from electronics, I can't think of a more compelling alternative to the Panamera. Now, if you are bored with the car, I get that, but you also need to expect to take a financial hit for jumping so soon.

No doubt that the GTS is the sweet-spot of this line. I opted for the PTT because I found one that was priced at the same level of GTSs at the time. While I don't regret my decision to get the Turbo, I think I would have been just as happy with the GTS.

To get back to the original topic, I also think that the P-GTS also holds its value better than the Turbos (I suspect that this is similar for the other Porsche lines as well), so if you are concerned about depreciation, I would opt for a GTS next time.

 

I thought I was in the market for a PTT.

Recently I decided I wanted out of my 2015 Panamera S e Hybrid. It's not like it was a bad car, I just didn't love it the way I loved my Supra Turbo. It felt slow and big, with poor visibility. Appearance bothered me as well. It may be the sportiest looking four door out there, but it's no sports coupe.

I did like how practical the car was, though, with all that cargo room when the seats were down. So I test drove a GTS and a Turbo, thinking the extra power would make up for how I felt about the car otherwise.

I can't agree with the people who say the GTS is the best of the line. It felt pretty much like my S e Hybrid, despite the weight advantage. That low end torque from the electric motor does count. There was some marginal improvement, particularly above 5000 RPM, but not enough for me to make a difference to me.

The Turbo was significantly faster, but I still wasn't feeling excited about the car. That seems absurd in a car with 500 HP, but the weight and size still count against it.

I drove a Carrera S immediately afterward, and it was just better in every regard to drive. Even in the power department - the reduction in weight more than makes up for the power deficit. So I ended up buying one of those yesterday.

Depreciation on my 2015 PSeH was bad, but not quite as bad as yours in terms of percentages. MSRP was $102k, and I got $65k in trade. The car was relatively low milage (3120 on the odometer when I sold it), which probably helped, but the demand for Panamera Hybrids has got to be far, far more of a niche than PTT's.