I’ve discovered that you can now get a Porsche Panamera very, very cheaply. And I mean very, very cheaply. I’ve written before about how these have gotten cheap, but in the last couple of years, they’ve gotten REALLY cheap — to the point where you can now make the choice between a Toyota Corolla or a Porsche Panamera.
I’m very serious about this. If you go on Autotrader right now and search for Porsche Panamera models from 2010 and 2011 — the car’s first two model years — you will find prices as low as $22,500 for higher-mileage examples. And that price isn’t for some one-off, rebuilt-title car with a lot of damage: there are currently about 20 Panamera models listed for under $25,000, with more on the way as prices continue to drop.
This shouldn’t be all that surprising, considering that the Panamera is ultimately a luxury sedan — and luxury sedans lose value quickly, whether Mercedes-Benz, Lexus or Audi. But the Panamera is also a Porsche, and Porsche models tend to maintain their value pretty well. Apparently not this one.
One other benefit of the Panamera’s fast value drop is that the first model year, 2010, was devoted only to V8-powered Panamera models. That means if you get a cheap one from the first year, you aren’t stuck with the V6 — instead, you’ll get the 400-horsepower V8, which is an impressive powertrain.
Of course, the Panamera will be more expensive to maintain than other $25,000 vehicles, so don’t get one and expect cheap ownership costs. But it’s truly surprising how affordable the Panamera has become — if you’re willing to roll the dice on ownership costs. Find a Porsche Panamera for sale
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