Do Porsches Hold Their Value? What To Know About Resale & Depreciation
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Porsche is an iconic German brand that’s established itself over the years as a famed crater of luxury automobiles. They specialize in SUVs, sedans, and high-performance sports car options. If you’re interested in a vehicle from Porsche, you might wonder - do Porsches hold their value if you own them for a long time?
If a Porsche can hold its value for a long time, you will be able to sell it for more and it will cost less to maintain in the long run. It’s always critical to consider value before investing in any vehicle on the market - including Porsche. Read on to learn more about the depreciation rate, resale value, and other information about the sports car brand.
What Is The Depreciation Rate of a Porsche?
Do Porsches hold their value? One of the most helpful items to consider with Porsche is the depreciation rate, as this number will reveal how many years you have with a high resale value on your car. The depreciation rate will determine if Porsche is worth putting your money into.
According to getjerry.com, a Porsche car will typically lose about 25% of its value after the first three years of ownership, dropping around 10% the day it’s driven off the lot. Porsche is one of the best brands if you’re looking for a car that will hold its value.
Of course, the depreciation rate of a Porsche tends to vary by model. However, you can generally expect a solid rate if you find yourself falling in love with a Porsche as your next potential vehicle.
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How Much Will Porsches Resell For?
A Porsche will typically resell for around 73%-84% of the original price after the first five years of ownership for several models, which is an excellent number. Others will drop down to 55% or a little more. Porsches have a decent resell number if you’re looking to get the most bang for your buck.
Porsches are one of the top luxury cars on the scene when considering resale value, and they tend to perform better than options from Audi and BMW. Although they can be more expensive, pick a Porsche over one of these if you want to be able to let it go for even more money.
What Is The Best Porsche To Purchase For Value Longevity?
If you want to be able to sell your car for the most after a time of ownership, it’s critical to invest in the years of the Porsche with the best longevity. We have several recommendations if you want a Porsche that others will desire above all the rest.
Here are the best Porsche options to purchase for longevity:
- Porsche 911
- Porsche Cayenne
- Porsche Boxster
- Porsche Macan
These offer an extensive, value-driven lifespan.
These vehicles will last a long time and will refrain from encountering serious issues much longer than its competitors. Of course, part of their longevity is influenced by the care you put into the Porsche - so ensure you take it in for regular maintenance.
What Is The Worst Porsche To Purchase For Value Longevity?
As there are some great Porsche models for longevity, there are also a few that will lose their high price point very quickly. We recommend avoiding these unless you want to make only a little bit when it comes time to sell or trade it in for a new car.
Here are the years to keep away from:
- Porsche Cayman
- Porsche Panamera
These will be the most troublesome for value and resale.
Of course, there is some intrigue to these vehicles. If you want to focus on something other than value, they might be fine for your driveway. However, if you’re a person who wants to make money on your vehicle, we recommend looking elsewhere.
ARE PORSCHES RELIABLE?
Reliability might not be a big concern since the mileage stays low, and maintenance can become a hobby. But if you want to use a Porsche as a primary car, you’ll want to know if Porsches are reliable.
When Should You Sell Your Porsche To Get the Best Value?
Porsches tend to hold their value, but it’s still critical to know when it’s the best time to sell them. Every car has a point in its life where it hits its last high resale value, and after that, the money you’ll make tends to plummet.
We recommend selling your Porsche anytime between the 3–6-year mark to make the most money. Although the Porsche will survive for a long time, it’s still a good idea to get it off your hands quickly if you want to make the most from the investment and want to test out a new car.
Porsche Vs. Audi Longevity
When considering the question - do Porsches hold their value - it’s helpful to look at the biggest competitor to determine which longevity prevails. Audi is a brand that often steps toe-to-toe with Porsche - which emerges victorious between the two manufacturing giants?
According to raycatenaporsche.com, the Porsche comes out on top in longevity. It’s been recognized time and time again as a leader in the industry and provides excellent performance while retaining a desirable retail value that anyone will enjoy.
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Final Thoughts
Do Porsches hold their value? Not only do Porsches retain their value, but many of their vehicles are recognized as some of the best in resale on the market. Of course, there are some issues with other cars, so it’s vital to make a careful decision when landing on a Porsche for the sake of resale value.
We hope this information was helpful! Cars from Porsche are fast and look cool, but it’s never a good idea to purchase one without first considering the value you will get if you decide to sell it one day.
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