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Why have 2011+ Porsche Cayennes dropped so much in value?

Posted on 4/27/16 at 11:07 am
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
35319 posts
Posted on 4/27/16 at 11:07 am
Yes I'm aware that german luxury cars are the worst cars in the world for resale value.


However, 2011-2013 Cayennes can be had for the similar price, if not cheaper, than similar year and mileage tahoes.

A basic google search didn't reveal any reliability horror stories. Vast majority of forum posts I saw said that regular maintenance was all that was necessary in the 50k-70k miles of ownership. Didn't find much either way for higher mileage examples.

For instance:

Here is a well equipped 2011 Cayenne S (400hp V8) with 47k miles for 36.5k

2013 Z71 Tahoe for $500 more and 57k miles

2012 V6 Cayenne with 46k miles for 36k

2013 Tahoe with 42.5k on the clock for 33k (hardly any options, cloth interior)

Well equipped 2013 V6 Cayenne with 50k miles for 36K

2014 4Runner with 60k miles for $34k

2014 4Runner in Shreveport with 100k on the clock (!!!!!) for $33k


Just a few examples. Anyone have experience with this body style Cayenne? Any reliability issues? Again, google didn't turn up the usual maintenance horror stories associated with German cars. I'll be in the market for a SUV in this segment in the next year or 2, and I'm wondering why I should go with the Toyota or Chevy over the Porsche if they are priced the same.
This post was edited on 4/27/16 at 11:27 am
Posted by LSUvegasbombed
Red Stick
Member since Sep 2013
15464 posts
Posted on 4/27/16 at 11:09 am to
i dont know but i went and looked at 2016 audi's q5 and those still dont have backup cameras.

45K and it doesnt even have backup cameras
Posted by Napoleon
Kenna
Member since Dec 2007
69078 posts
Posted on 4/27/16 at 11:09 am to
Hell the 1st Gen Cayennes can be had for less than $10k now. It's crazy.

German luxury cars and resale you know.
Same reason a $100k BMW 7 series is less than $10 in ten years.
Posted by dagrippa
Saigon
Member since Nov 2004
11293 posts
Posted on 4/27/16 at 11:10 am to
I'd drive it but wouldn't seek one out because the stealership in BR sucks arse.
Posted by LNCHBOX
70448
Member since Jun 2009
84094 posts
Posted on 4/27/16 at 11:11 am to
quote:

and I'm wondering why I should go with the Toyota or Chevy over the Porsche if they are priced the same.


Maintenance costs for starters. I would feel comfortable planning on either the Toyota or Chevy to give me 200k worry free miles with minimal costs. Can't say that for the Cayenne.

I do think you're skewing you numbers a bit by using the oldest Porsche and comparing it to 2013 and 2014 others, but that's not a huge detail.
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
35319 posts
Posted on 4/27/16 at 11:11 am to
quote:

Hell the 1st Gen Cayennes can be had for less than $10k now. It's crazy.


But those have had some reliability problems from what I understand. Same with older BMWs, especially the 7.
Posted by jrodLSUke
Premium
Member since Jan 2011
22148 posts
Posted on 4/27/16 at 11:11 am to
Because they sold a ton of them and there is nothing special about a Cayenne S. It sells new for a premium because of the Porsche emblem. I doubt you would find the same drop on value for the Turbo models.
Posted by Napoleon
Kenna
Member since Dec 2007
69078 posts
Posted on 4/27/16 at 11:13 am to
quote:

Same with older BMWs, especially the 7.
94-01 7series (e38) was the GOAT. The e39 (01-07)sucks fricking arse and is a money pit.

Posted by Ace Midnight
Between sanity and madness
Member since Dec 2006
89528 posts
Posted on 4/27/16 at 11:13 am to
quote:

German luxury cars and resale you know.


Problem 1 - they have a huge new premium, which obviously goes away when it is not new.

Problem 2 - the over-engineered BMW and Mercedes mass produced models are plagued with a lot of minor problems. For whatever reason, BMWs don't age very well - this drags down the value of used Audis and Porsches that don't necessarily have the same breadth and scope of these issues.

I would buy a good condition, used Porsche or Audi, with well-documented maintenance of course, with little hesitation. This is not true of BMW and mostly not true for Mercedes Benz models.
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
35319 posts
Posted on 4/27/16 at 11:13 am to
quote:

I do think you're skewing you numbers a bit by using the oldest Porsche and comparing it to 2013 and 2014 others, but that's not a huge detail.



I went more for similar mileage in my examples. I understand newer is "better" but I feel like it's fair to compare cars that have done the same distance over their life.
Posted by absolute692
US of A, MFer
Member since Feb 2007
3965 posts
Posted on 4/27/16 at 11:14 am to
quote:

i dont know but i went and looked at 2016 audi's q5 and those still dont have backup cameras.



They have them. You just have to get the higher package. The stock ones don't come with them.

American vehicles have been putting cameras in the vehicle for almost 10 years, unreal that its not standard for every vehicle today.
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
35319 posts
Posted on 4/27/16 at 11:15 am to
quote:

there is nothing special about a Cayenne S


400hp V8 and pulls ~.9g. Pretty good for a 5k pound SUV imo.
Posted by Napoleon
Kenna
Member since Dec 2007
69078 posts
Posted on 4/27/16 at 11:17 am to
I want a used Cayenne. I have gotten pretty good at fixing the shitiest of the BMWs. I mean the price you pay to "roll clean"

Actually need a SUV, but I may just bite the bullet and finance a new 4-runner. Seems a sound financial choice.

Posted by retired trucker
midwest
Member since Feb 2015
5093 posts
Posted on 4/27/16 at 11:17 am to
simple economics

most folk ain't got that kinda green to toss into the wind
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
35319 posts
Posted on 4/27/16 at 11:20 am to
quote:

simple economics

most folk ain't got that kinda green to toss into the wind


I can't spit out my front door without hitting a Tahoe or a 4Runner. Why are those "affordable" for the average SUV buyer, but the Cayenne is not?

Again, reliability doesn't appear to be an issue with this body style Cayenne. It would make sense if they were money pits but apparently they are not.
Posted by Ace Midnight
Between sanity and madness
Member since Dec 2006
89528 posts
Posted on 4/27/16 at 11:20 am to
quote:

Actually need a SUV


We're e-pals, Nap, but I have to ask, like I do with all the car threads:

Do you want a real SUV (i.e. a truck) or do you want a station wagon that LOOKS like an SUV.

Because if it's the former -
quote:

4-runner
- you just answered your own question. If it's the latter? You're crazy - get a Honda Accord or Toyota Camry.

Posted by member12
Bob's Country Bunker
Member since May 2008
32096 posts
Posted on 4/27/16 at 11:21 am to
A Tahoe and 4Runner are probably cheaper and easier to keep on the road most likely. A well maintained example of either of those is more unlikely to actually have a serious problem with less than 200,000 miles - and if they do, parts are widely available in every town. They can also tow a trailer and do SUV things....which is becoming somewhat of a novelty unfortunately.

German cars have an unfortunate history of electrical gremlins, expensive parts, and are usually less affordable to insure. Also, Japanese and Domestic cars seem better suited to the handle what most American drivers expect - which is a lot of miles and very little downtime. Porsche may be a very sturdy, American-style vehicle with little need for regular maintenance.....but that's likely not reality and it's almost certainly not the buyer perception.

Also the Porsche crossovers were all the rage for business use a few years back. I guess there's a big supply of used models a few years old compared to normal Porsches.
This post was edited on 4/27/16 at 11:25 am
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
35319 posts
Posted on 4/27/16 at 11:23 am to
quote:

German cars have an unfortunate history of electrical gremlins, expensive parts, and are usually less affordable to insure. Also, Japanese and Domestic cars seem better suited to the handle what most American drivers expect - which is a lot of miles and very little downtime.



That's fair.

quote:

They can also tow a trailer and do SUV things


The Cayenne annihilates both the 4Runner and Tahoe in towing capacity.
Posted by Politiceaux
Member since Feb 2009
17654 posts
Posted on 4/27/16 at 11:24 am to
The tahoes you listed won't sell for those prices, FWIW. In August of 2014, I bought an immaculately maintained 2012 Z71 Tahoe with heated leather and middle row buckets with 50k highway miles for $25k. It was definitely a good deal. A 2013 today isn't going to sell for $35k. They may list it at that but it means nothing.

The 2011 Cayenne is also a 5 year old vehicle today.
Posted by lsu480
Downtown Scottsdale
Member since Oct 2007
92876 posts
Posted on 4/27/16 at 11:26 am to
Look up how much new brakes and rotors cost VS a Tahoe, then do the same with an oil change, then look up insurance costs on both.....you will quickly see the answer to your question.....

ETA: and take the "Car Board" part off of your title and you can get the anchor removed from your thread. Any thread with a "xxxxxx Board" in the title gets an automatic anchor.
This post was edited on 4/27/16 at 11:28 am
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