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How much does Porsche depreciation cost me?
I’m thinking about buying either a new Porsche or a certified pre-owned one. The only issue is depreciation. I don’t want to buy a new one when I can get a low-mileage option and let someone else take the hit. What is the depreciation rate on a Porsche?
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Regardless of the model, you can reasonably expect to lose around 25% of the value of a new Porsche over the first three years of ownership.
However, this amount will vary depending on the model. Porsche 911s tend to depreciate less—15% over five years—compared to something like a Cayenne—which loses around 45% of its value over five years.
The idea here is to gauge the importance of a new car. If you want one straight off the lot, you’re going to pay more and suffer from increased depreciation, but you’re the first owner. If you don’t care who owned the car before you and you want a bargain, a used option is more plausible.
Regardless of which car you choose, lowering your
Porsche insurance costs
can help you offset some of the depreciation you face in the future while also protecting your ride. Download the Jerry
app today to compare quotes and get the best rate for your auto insurance needs.Jerry is a
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and insurance comparison tool that collects quotes from over 55 top-rated insurers in just 45 seconds. After you find a great rate, Jerry can help you buy new insurance and cancel your old policy. Users save an average of more than $800 per year.View full answer
- Gregory R.
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