Porsche Resale Value

To get the best value for your Porsche, you should sell it within three to five years of ownership.
Written by Jason Tushinski
Reviewed by Jessica Barrett
If you sell your Porsche within three to five years of buying it, you’re likely to get upwards of 60% of its original value back. Of course, time isn’t the only factor that will affect how much of a Porsche’s value you’ll recoup at resale. Your Porsche’s condition, mileage, and market demand will all play a role in determining its resale value.
While everyone else sees your Porsche as a German thrill-ride machine with speed, style, and animalistic roadster tendencies, you might see it as something else—your baby. Whether you decide it's time to let go and let someone else enjoy it or you want to get your hands on the latest Porsche, you’ll want to figure out how it compares in terms of resale value.
Every vehicle depreciates the moment you drive it off the lot. But having a good idea of how much you’ll get for it upon resale will help you budget for your next vehicle.
Not sure how to figure out your Porsche’s value? That’s why
Jerry
, the
car insurance
broker and comparison shopping super app, has put together this handy article on Porsche resale value. We’ll help you determine your Porsche’s value, how to optimize its worth, and how to save money on your
Porsche car insurance costs
.
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What goes into determining my Porsche’s resale value?

From road tripping along the Pacific coast to your daily commutes, you and your Porsche have experienced a lot together. And while those memories are surely priceless, you’ll be able to calculate your Porsche’s resale value by focusing on a few key metrics. We’ll break them down:
  • Depreciation: Your Porsche will start depreciating the second you drive it off the lot. Porsches tend to hold onto a significant portion of their value—but certain models, such as the
    Cayenne
    SUV, will depreciate more over time due to their high maintenance costs as opposed to other Porsches, like the 911, which tends to hold value very well over time.
  • Mileage: The mileage you put on your Porsche has an immediate impact on its resale value. If you’ve run 100,000 or more miles into your Porsche’s chassis, you might have a tough time on the resale market. Ideally, you’ll want to cap your yearly mileage to between 12,000 to 15,000 miles.
  • Accident history: Accidents can definitely put a dent in your Porsche’s resale value. Even if your Porsche has been fully restored post-accident, that can still knock between 15% to 30% off its resale value.
  • Model popularity:Are you driving a Porsche SUV or a coupe? You’ll have an easier time selling a model that’s more in demand, such as the classic
    911 Carrera
    or the 718
    Cayman
    . Porsche’s small SUV, the
    Macan
    , is also a popular model.
  • Interior and exterior condition:Were you a responsible Porsche owner who maintained your German roadster? Let’s hope so! The better your car looks on both the inside and outside will help keep its resale value high. Any neglected repairs, dents, dings, and interior blemishes can drive down a Porsche’s value.

Resale value vs. trade-in value

There are both advantages and disadvantages to resales and trade-in, so we’ll explain both. 
A trade-in is what the dealer will give you in exchange for your old Porsche—though this amount is typically applied as a credit towards purchasing another new car as opposed to the dealership writing you a check. 
If you’re looking for a bigger financial payoff, look at resale. You’ll likely be able to recoup more cash from a private sale vs. a trade-in, but private sales take more work to pull off. A dealership will give you tips on how to maximize your trade-in value, but you’ll have no such help if you’re selling your car privately. 
Prospective buyers will give your Porsche a thorough once-over, taking into consideration the car’s condition, mileage, and age. Here are some
resale tips
on getting your car into the best shape possible if you’re thinking about a private sale.

What is the MSRP of my Porsche?

When you bought your Porsche new, what was the price? Determine what your manufacturer’s standard retail price (MSRP) was before you start working on a resale or trade-in. 
Kelley Blue Book
offers a very handy tool that will help you hone in on your Porsche’s MSRP, which will help your trade-in or resale potential.
Key Takeaway You’ll need to think about a few factors when determining your Porsche’s worth, including its age, condition, mileage, MSRP, and model type before you try and sell it or trade it in.

How does wear and tear affect my Porsche’s value?

Your Porsche’s condition is not only one of the most important factors in determining its resale value, but it is something that is in your control. Be sure to follow Porsche’s recommended maintenance schedule. If you don’t and your Porsche’s buyer has to pay for wear-and-tear upkeep, its value will drop like a rock.
A common maxim to think about is that for every $5,000 in repairs you put into your car, the vehicle’s overall value will drop by about $2,500.Porsche offers a handy
Fair Wear and Tear Guide
to help you estimate damage and how it may affect your resale value.

How to calculate the resale value of your car

While every Porsche’s trip around the block-enspiel is different, it is still pretty simple to compare how it rates in terms of its resale value.
Consumer Reports
offers a handy tool to help you calculate your Porsche’s resale value. 
To get a good idea of your Porsche’s resale value versus other Porsche models, start by figuring out its depreciated value. Car Edge rates the 2020 year as Porsche’s best model year, as those vehicles tend to maintain about 92% of their value.
Now we’ll take a look at some real-time examples to help you get an understanding of how Porsche vehicles can hold onto their value. 
  • Suppose you bought a 2020 Porsche 911 for $182,333.If you drive it for three years and roughly 12,000 miles per year, it will still maintain about 77% of its value and you’ll be able to sell it for about $140,898.
  • Applying the same metrics to a 2020 Porsche Cayenne SUV model, the numbers are different. While you may have bought it new at $94,015, it depreciated over the following two years with a current sale price of $74,97.
Remember, that while a Porsche’s age will significantly affect its resale price, its condition will also factor into how much you can get for your Porsche.
MORE: Trade-in vs private sale: What’s the best way to sell your car?

The bottom line: is my Porsche worth reselling?

So now that you’ve determined your Porsche’s condition, mileage, depreciation, and MSRP, it’s time to figure out exactly how much you can get when reselling your Porsche. 
So long as your Porsche is in good cosmetic shape, has less than 15,000 miles per year on its odometer, was new within the last three or so years, and holds its value well (such as a 911), you’ll likely get a hefty amount in a resale transaction.
If your Porsche only meets one or two of the above criteria, you may want to get it spruced up before trying your luck with a resale. 

How to prep your Porsche for resale

If you’ve decided to resell your Porsche, you’re going to want to maximize your payout. Here are a few steps to follow to ensure its new owner is happy with their new Porsche—and you’re happy with the money received by selling it:
  • Get your car detailed: Get the pros to dig into your Porsche’s smallest crevices to ensure it looks and smells its best before you hand the keys over to its new owner.
  • Get routine maintenance done:Make sure it gets a good once over before the Porsche is in new hand—fluids topped up, oil changed, tires rotated, and alignment balanced.
  • Gather all original parts: You should hand any keys, manuals, and gear you received with your Porsche when you bought it over to its new owner.
Getting everything in order with your Porsche will give you the best chance to sell it at a price you’re happy with—and will ensure its new owner will be satisfied.

Finding cheap Porsche insurance 

So while you’ve waved goodbye to your German baby, you’ll have to protect your new ride (whether another Porsche or a different brand altogether). Using
Jerry
to get a robust
car insurance
policy is the easiest way to do so!
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FAQs

The Porsche 911 stands out as the Porsche with the best resale value. The 718 Cayman and the crossover Macan also hold their values well.
There is no one-size-fits-all answer to this question. Typically, factors such as age, conditions, mileage, and model year will impact how much your Porsche is worth. Edmunds offers a
great tool
to help you determine your Porsche’s worth.
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