Opinions on 2nd hand Porsche Cayenne (955)
Should I go for it?
Aug 14th, 2020 1:27 pm
Aug 14th, 2020 3:59 pm
Aug 14th, 2020 4:02 pm
There's a reason why this formerly $100,000 SUV is now $6, and a decent Porsche 99x of 10-15 years can still hold decent value of $20-60k, down from $120-150k.
Aug 14th, 2020 4:46 pm
Aug 14th, 2020 4:51 pm
as an Home Trophy and/or take photos and post on social media about being a new Porsche Owner.
Aug 14th, 2020 4:52 pm
Aug 14th, 2020 4:54 pm
Aug 14th, 2020 5:41 pm
Aug 14th, 2020 5:53 pm
Aug 14th, 2020 6:19 pm
Aug 18th, 2020 1:36 pm
Aug 18th, 2020 2:43 pm
The turbo and GTS with V8 have known issues with the engines. V6 is more or less bullet proof. I have seen quite a few Cayenne V6 with 400-500K on odometer.
Aug 18th, 2020 3:51 pm
Depends on what you define sporty. My former vehicles were: a 2015 BMW M4 convertible (6-speed manual), 2019 Merc C63S AMG, 2008 335i Convertible (5-speed manual), 1997 BMW 328i (5-speed), 2012 Toyota Tundra
Aug 18th, 2020 6:22 pm
very well said and put...for some of us that grew up fixing our own (dad made me start watching at about age 8)...we are not afraid to tackle, well...almost anything,,and look beyond common reviews...i have worked with all brands over the years and have a personal opinion/biased based on my repair histories dealong with each individual brands...,as i get older..i value my time better so i pick my spots..and my vehiclesFirstGear wrote: ↑ Their resale is absurdly low because:
- Difficulty of servicing them; difficult to find parts and a mechanic that is experienced at working on them. Some have unique maintenance requirement as well. Not to mention the average person seeking such a vehicle, would know little about working on them.
- Bringing it to the dealership would not be cost effective at all.
- Those in that budget range usually look for used Hondas/Toyotas instead.
- Those looking for luxury SUVs are usually soccer moms with wealthy (or high-borrowing-capacity) spouses, or old farts with a large amount of money, looking to just drive a status symbol that is also practical to operate on a daily basis. They rather go just go lease a brand new one with $1,XXX - 3,XXX down-payment, with warranty, make monthly payments of such amounts, while writing off up to $800/month + taxes of each payment. Not only the maintenance obligations are lower, but the initial cash outlay. So there is very little demand for the older ones.
I have a 2012 BMW X5 5.0i (competitor to the Cayenne S) that is worth about $16,000 today only, with about 124,000km. Brand new optioned just like it, it was over $90,000 - closer to $100,000 in today's dollars, or for a 2020 for that matter. A similar year Honda/Toyota pickup or SUV often costs even more out here - have seen $20,000 for Toyota Tundras or Tacomas with close to 200,000km.
I work on it myself and owned high end vehicles (Mercedes, BMW, etc.) since I was 18, working on them myself. So I can get away with it without taking it to the shop. Over the years I've had to do very little work to them. But, whenever I need parts for one of those vehicles, I'm ordering them online to have the shipped in from the US or Europe somewhere. One day I was lazy and decided to just let a local mechanic change the oil. They didn't even have the correct sized oil filter, so I was stuck doing it myself.
Vehicles with turbos like the Cayenne also are more sensitive to proper operation, maintenance, and care. They are mechanically more complicated. Diesel pickup trucks will have the same issue, and maintenance bills in the thousands are common involving injectors or turbos. The money is in the labour, not so much parts. If it takes them 10 hours to work on it, at $150/hour shop rate, that's already $1,500.
The internet can be misleading with lots of questionable information. I owned a few "time bomb" vehicles with bad reviews but haven't had much issues with them.
Regardless of what vehicle you buy, they will require maintenance - just question is when. When I was working, a 60 - 105 hour week was common, as well as my colleagues... thus, we opted to just finance near-brand-new with warranty, or lease for tax benefit, and warranty. We did not have the spare time to be working on vehicles; if our vehicles did require warranty work, we'd just drop them off at the dealer, and drive a loaner until they were done. Time was better off spent making money or doing something that made us smile, so we could go back to making money.
For older vehicles requiring more unique maintenance, usually the only people who can practically operate them are those with ample time to work on them (e.g. young guy, or enthusiast), or they weren't a daily driver.
Aug 18th, 2020 7:49 pm