New Cayenne Turbo - depreciation etc
Discussion
Drove a Cayenne for the first time today and looking at some of the Turbo's on the OPC system. They seem to be very strong money even for 20k examples - eg £79k asking against what'll have been a new price of £95k even though the cars are 2yrs old and 20,000 miles.
Does this seem over priced to anyone else or do Cayenne Turbo's really hold their money that well? Say you pick one up now, bang on another 20,000 miles....I could see it slipping a long way surely?
Does this seem over priced to anyone else or do Cayenne Turbo's really hold their money that well? Say you pick one up now, bang on another 20,000 miles....I could see it slipping a long way surely?
To give you some idea, from memory the 3 year residual on a turbo is 35% . It might be lower, you can check in the Porsche configurator.
the diesels are doing particularly well at the moment but as the turbo costs a small fortune to run I can't imagine them bucking the trend.
We know that turbo Allocations in the early part of the models life were low, it could be that you just need to play a waiting game and wait for more 3 year deals to expire....
Maybe the newer one's are holding better. As a gauge - I remember my old Cayenne Turbo costing me £45k from an OPC, the car at the time was 4 years old. List price new, with all the extras was around £105k. It felt like the bargain of the century at the time, especially on finance with some seriously low monthly payment and an unrealistic balloon.. Unregulated agreements - they were the days 
I don't think you can compare the old original model Cayenne depreciation with the new current model.
The old one was a bit 'marmite' and the Turbo was thirsty and ate tyres - so values did plummet.
The new one is much improved, but produced in lower numbers due to the popularity of the Diesel models. So, I don't think values will fall as dramatically as the old one, but OPCs may struggle to move them when the Diesel S looks so much better.
The old one was a bit 'marmite' and the Turbo was thirsty and ate tyres - so values did plummet.
The new one is much improved, but produced in lower numbers due to the popularity of the Diesel models. So, I don't think values will fall as dramatically as the old one, but OPCs may struggle to move them when the Diesel S looks so much better.
They might advertise high... but there are some good deals to be done.
To be fair, the OPCs don't want to show just how bad the depreciation is as it will put off new purchasers, but I would expect to lose 10-15k per year depending on mileage, spec and condition.
When we bought our 3 year old Cayenne GTS last year we eventually paid about 50% of the original list for a car that was in showroom condition and had done 24k miles, and it came with 2 years OPC warranty. If I was looking for a 3 year old Turbo I'd expect to pay around the same percentage.
Just be prepapred to shop around and haggle.
To be fair, the OPCs don't want to show just how bad the depreciation is as it will put off new purchasers, but I would expect to lose 10-15k per year depending on mileage, spec and condition.
When we bought our 3 year old Cayenne GTS last year we eventually paid about 50% of the original list for a car that was in showroom condition and had done 24k miles, and it came with 2 years OPC warranty. If I was looking for a 3 year old Turbo I'd expect to pay around the same percentage.
Just be prepapred to shop around and haggle.
kbf1981 said:
The cheapest new shape Cayenne Turbo on OPC site is £79k - the cheapest in the country on autotrader not that much different. Makes you more interested in a new one. Just spec'd up my Turbo S and that'd be £110k which...doesn't seem bad value when 2yr old turbo's are £79k.
The 3 year residual on a Turbo is £31k. Turbo S won't fare much better.Either Porsche Finance got it wrong or the OPC's are pricing them up to hold the market steady, I know where my bet would be.
Carl_Docklands said:
kbf1981 said:
The cheapest new shape Cayenne Turbo on OPC site is £79k - the cheapest in the country on autotrader not that much different. Makes you more interested in a new one. Just spec'd up my Turbo S and that'd be £110k which...doesn't seem bad value when 2yr old turbo's are £79k.
The 3 year residual on a Turbo is £31k. Turbo S won't fare much better.Either Porsche Finance got it wrong or the OPC's are pricing them up to hold the market steady, I know where my bet would be.
kbf1981 said:
Carl_Docklands said:
kbf1981 said:
The cheapest new shape Cayenne Turbo on OPC site is £79k - the cheapest in the country on autotrader not that much different. Makes you more interested in a new one. Just spec'd up my Turbo S and that'd be £110k which...doesn't seem bad value when 2yr old turbo's are £79k.
The 3 year residual on a Turbo is £31k. Turbo S won't fare much better.Either Porsche Finance got it wrong or the OPC's are pricing them up to hold the market steady, I know where my bet would be.
Might as well drive down the road throwing £20 notes out of the sunroof aswell.
I reckon the residual will be around £45k, with a £2,250 a month monthly for 36 months.
kbf1981 said:
Yep, the finance deal is very good.Anything else I should have a look at? Need more space now so getting rid of one of the supercars and getting a big 4x4. Been considering:
BMW X5M - too plasticy
Cayenne Turbo / Turbo S - lovely but lots of money compared to the other stuff
Merc ML63 - nice inside, big engine, good finance deal which saves you from depreciation....but not as sexy as the Cayenne to look at imho
Range Rover Supercharged - not that sporty, could never see myself just "going for a drive" in one
Range Rover Sport Supercharged - same as above
Audi Q7 V12 - just not interested
....can't think of anything else? The Merc on that list ....you'd probably end up with one for £90k spec'd up, £45k residual, 4.4% APR, £1k a month or so. That seems cheap for what is a 525hp+ car.
I went to see one today that was brand new in the showroom. Had performance pack (so 557hp), loads of other options like tv etc., and stickered at £100k. Given it's in the showroom you'd probably get £5k off that plus the Merc finance deal.
BMW X5M - too plasticy
Cayenne Turbo / Turbo S - lovely but lots of money compared to the other stuff
Merc ML63 - nice inside, big engine, good finance deal which saves you from depreciation....but not as sexy as the Cayenne to look at imho
Range Rover Supercharged - not that sporty, could never see myself just "going for a drive" in one
Range Rover Sport Supercharged - same as above
Audi Q7 V12 - just not interested
....can't think of anything else? The Merc on that list ....you'd probably end up with one for £90k spec'd up, £45k residual, 4.4% APR, £1k a month or so. That seems cheap for what is a 525hp+ car.
I went to see one today that was brand new in the showroom. Had performance pack (so 557hp), loads of other options like tv etc., and stickered at £100k. Given it's in the showroom you'd probably get £5k off that plus the Merc finance deal.
kbf1981 said:
They are so ugly, prefered the older ones.kbf1981 said:
Anything else I should have a look at? Need more space now so getting rid of one of the supercars and getting a big 4x4. Been considering:
BMW X5M - too plasticy
Cayenne Turbo / Turbo S - lovely but lots of money compared to the other stuff
Merc ML63 - nice inside, big engine, good finance deal which saves you from depreciation....but not as sexy as the Cayenne to look at imho
Range Rover Supercharged - not that sporty, could never see myself just "going for a drive" in one
Range Rover Sport Supercharged - same as above
Audi Q7 V12 - just not interested
....can't think of anything else? The Merc on that list ....you'd probably end up with one for £90k spec'd up, £45k residual, 4.4% APR, £1k a month or so. That seems cheap for what is a 525hp+ car.
I went to see one today that was brand new in the showroom. Had performance pack (so 557hp), loads of other options like tv etc., and stickered at £100k. Given it's in the showroom you'd probably get £5k off that plus the Merc finance deal.
If it were my own money I would take a test drive in the X5M and the ML.BMW X5M - too plasticy
Cayenne Turbo / Turbo S - lovely but lots of money compared to the other stuff
Merc ML63 - nice inside, big engine, good finance deal which saves you from depreciation....but not as sexy as the Cayenne to look at imho
Range Rover Supercharged - not that sporty, could never see myself just "going for a drive" in one
Range Rover Sport Supercharged - same as above
Audi Q7 V12 - just not interested
....can't think of anything else? The Merc on that list ....you'd probably end up with one for £90k spec'd up, £45k residual, 4.4% APR, £1k a month or so. That seems cheap for what is a 525hp+ car.
I went to see one today that was brand new in the showroom. Had performance pack (so 557hp), loads of other options like tv etc., and stickered at £100k. Given it's in the showroom you'd probably get £5k off that plus the Merc finance deal.
Top notch deal on the ML though.
Helicopter, I don't buy that on the Turbo. Diesel a different beast (and clientele).
There are only 74 Turbo S registrations for the pre-facelift 2008 Cayenne and yet look at the prices, some of them will trade for £25k.
There are around 324 face-lifted Turbos (2009-) in the country, once the bulk of those 3 year deals start to expire early next year, there will be a market correction.
Carl_Docklands said:
Helicopter, I don't buy that on the Turbo. Diesel a different beast (and clientele).
There are only 74 Turbo S registrations for the pre-facelift 2008 Cayenne and yet look at the prices, some of them will trade for £25k.
There are around 324 face-lifted Turbos (2009-) in the country, once the bulk of those 3 year deals start to expire early next year, there will be a market correction.
To be honest with all of these I'd do a PCP type deal, it's insurance against petrol going up to £2 and the car being worth £20 lol! There's always going to be a market for supercars but I'm guessing these family trucks tend to be more vulnerable to changes in running costs.There are only 74 Turbo S registrations for the pre-facelift 2008 Cayenne and yet look at the prices, some of them will trade for £25k.
There are around 324 face-lifted Turbos (2009-) in the country, once the bulk of those 3 year deals start to expire early next year, there will be a market correction.
ML I'm being told you can get 20% off list - so a £100k lovely car for £80k on 4.4% APR with £40k GFV.
Nearly new X5M is about £50k.
Tempted to just go for an X5M and save the cash unless Porsche deal is awesome.
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