Whether you’re buying an affordable used truck or a brand new luxury car, depreciation is an important factor to consider. Some makes and models hold their resale value better than others, which means you don’t have to take as big of a loss when you decide to sell.

Luxury and exotic cars are particularly known for holding their resale value, but that doesn’t apply to every make and model. If you’re considering investing in a Porsche or selling your Porsche, here’s what you need to know about Porsche depreciation and how it affects you as a buyer.

Do Porsches Depreciate?

Like most makes, Porsches tend to depreciate over time. As you rack up more miles and put wear and tear on crucial engine parts, the value of your Porsche is going to decrease. This is the case for most Porsche models — especially newer models that are produced in larger volumes.

That’s not to say every Porsche will depreciate over time. Porsche depreciation varies from model to model, and some of the classic models have held their value extremely well. There are also a number of limited edition Porsche models that have appreciated or held their value over the years.

Generally speaking, however, you can expect your Porsche to depreciate the more you drive it.

How Much Do Porsches Depreciate?

The degree to which your Porsche depreciates will depend on several factors, including the model and year, condition, and mileage. A well-maintained Porsche 911 won’t depreciate nearly as quickly as a Panamera or Cayenne with high mileage.

According to CarEdge[1], 2020 Porsche models have already depreciated by an average of 46.21%. 2021 Porsche models have depreciated by an average of 37.34%, and even the 2023 models have depreciated by an average of nearly 20%.

If you’re looking for an affordable Porsche, the 2020 models offer a good combination of driveability and affordability. These Porsche models should still have several years on the road, but you only have to pay a fraction of the price of a new 2020 Porsche.

Porsche 911: The Exception

There is one exception to the general Porsche depreciation rule: the Porsche 911. If you’re looking to buy a Porsche that won’t depreciate and may even appreciate in value over time, the Porsche 911 is the model of choice.

According to a study by iSeeCars[2], the Porsche 911 ranked number one in terms of vehicles with the lowest 5-year depreciation. This study showed that the Porsche 911 depreciates by an average of 9.3% over five years, which is a fraction of the depreciation a Panamera or Cayenne might experience.

The Porsche 911 is one of the classic Porsche models, with the first Porsche 911 being produced in 1964. Since 1964, about 1.2 million Porsche 911s have been produced. On the other hand, Porsche has produced more than 350,000 Porsche Macans — which were only released in 2014.

The rarity of the Porsche 911 is one of the reasons it’s so popular, but it’s also about the classic styling of the car. Every auto manufacturer has its bread and butter, and to many people the Porsche 911 is the standout.

How to Maximize Porsche Resale Value

Porsche depreciation is inevitable in many cases, but that doesn’t mean you have to sell your Porsche for a small fraction of its original price. A little care and maintenance goes a long way when it comes to maximizing the resale value of your Porsche. Here are some tips to help you minimize Porsche depreciation.

Routine maintenance

Poor performance is one of the biggest reasons cars depreciate over time. The more wear and tear you put on an engine, the worse it performs. Routine oil changes and inspections can help you minimize wear and tear to maximize the value of your Porsche.

If you want to keep your Porsche in pristine condition, we recommend visiting a certified Porsche mechanic for routine maintenance once a year or every 10,000 miles. You can take care of minor maintenance — like cleaning your car — at home.

Timely repairs

Minor car problems can eventually grow and lead to major problems, so don’t ignore any strange sounds or performance problems you experience when driving your Porsche. If you think there might be a problem with your Porsche, take it to a dealership or certified mechanic to have it inspected. Repairs might be costly, but investing in repairs early on can help you increase the resale value of your car down the road.

Genuine parts & accessories

The brilliance of the Porsche team is what makes Porsches so sought after, and that includes every small part and detail. If you need to replace a part or accessory on your Porsche, opting for genuine OEM parts and accessories will make your Porsche more attractive to potential buyers.

Safe driving

Porsche is known for performance, so it can be tempting to see how fast you can get your Porsche going when you’re out on the open road. As tempting as it is to drive fast and experience the powerful performance Porsche offers, safe driving helps you minimize wear and tear and avoid accidents that can significantly decrease the resale value of your car.

Parking & storing your Porsche

When you’re not driving your Porsche, make sure you park it somewhere safe. Garages are ideal because they provide protection against wind, rain, and UV exposure, or you can keep your Porsche in a storage unit when you’re not driving it. This may seem excessive, but you’d be surprised how much inclement weather and UV exposure can damage your paint.

Sell Your Porsche With We Buy Exotics

Porsche depreciation is unavoidable in most cases, but some models depreciate more quickly than others. Staying on top of routine maintenance and repairs can help you maximize the value of your Porsche when you decide to sell.

If you have a Porsche you want to sell, We Buy Exotics is the simple solution. Just send us the details about your Porsche to get your competitive cash offer. Once you accept the offer, we’ll send your cash and schedule a pick-up time. Ready to sell? Contact us to get your competitive offer today.