Porsche Macan Forum banner

1 - 20 of 116 Posts

·
Registered
Joined
·
88 Posts
Discussion Starter #1
My 2016 Macan S is hitting its 4th year. Everything works perfectly so far thus I am thinking if I should keep it forever and buy a second bigger car for the family. However, I just want to check here if is now a good time to sell/trade-in it because its warranty is about to expire. The car has ~34000 miles now. Thanks!
 

·
Registered
Joined
·
8,032 Posts
My 2016 Macan S is hitting its 4th year. Everything works perfectly so far thus I am thinking if I should keep it forever and buy a second bigger car for the family. However, I just want to check here if is now a good time to sell/trade-in it because its warranty is about to expire. The car has ~34000 miles now. Thanks!
You have two choices :
1) Take advantage of this being a good time to sell it . With 34K miles it is nearing the dreaded 50K where it will take a huge hit . It also is new enough to certify so you have leverage if going into another Porsche .

2) Keep it , drive it until the wheels fall, off ... Once the car gets older and higher in miles you still have the 1 owner car but with age and use its attractive appeal withers . After 8 years it can't be certified .

My opinion .. it's time unless you are so in love with it that nothing can replace it.
 

·
Registered
Joined
·
88 Posts
Discussion Starter #3
You have two choices :
1) Take advantage of this being a good time to sell it . With 34K miles it is nearing the dreaded 50K where it will take a huge hit . It also is new enough to certify so you have leverage if going into another Porsche .

2) Keep it , drive it until the wheels fall, off ... Once the car gets older and higher in miles you still have the 1 owner car but with age and use its attractive appeal withers . After 8 years it can't be certified .

My opinion .. it's time unless you are so in love with it that nothing can replace it.
Thanks for the info. I'm not that into it but a bit headache in thinking how to sell it. I'm thinking to lease (under my company) a Tesla Model X ( or Mercedes GLS 2020) or something similar which has 6-7 seats, thus trade-in may not be a good choice, not to mention the trade-in quote from Porsche dealer is a rip-off.
Then what's the best way to sell it? Carmax? Craigslist?
 

·
Registered
Joined
·
8,032 Posts
Thanks for the info. I'm not that into it but a bit headache in thinking how to sell it. I'm thinking to lease (under my company) a Tesla Model X ( or Mercedes GLS 2020) or something similar which has 6-7 seats, thus trade-in may not be a good choice, not to mention the trade-in quote from Porsche dealer is a rip-off.
Then what's the best way to sell it? Carmax? Craigslist?
It depends where you are . For instance in Florida where I live I get a tax credit into a trade so it evens out a lower offer to near a private sale . Since you would be leasing then you have to sell private . Auto trader would be my pick even though I myself never did it . I just don't like the hassle of selling an expensive car and letting strangers drive it to decide . What I did years ago was sell the car to an independent dealership who deals with high end cars . It's often higher than dealership trade but less than a private sale. There are several in Miami . The one I chose cut me a check right on the spot and even drive me home. They were great .Granted it was 15+ years ago but it was very easy.
 

·
Super Moderator
Joined
·
7,178 Posts
I am thinking if I should keep it forever and buy a second bigger car for the family. However, I just want to check here if is now a good time to sell/trade-in it
The time to sell a Porsche, is when you get out, lock the door, head off to where you are going and DO NOT look back at it.

If you don't look back, dump it. You no longer have any passion nor care about it. If you do look back, then cherish it.
 

·
Super Moderator
Joined
·
1,158 Posts
Is your Macan all paid for? Remember, the best car payment is no car payment!

Especially, if it's paid off, keep it!

Where I live, there's no magic 50K mile depreciation. If the car is two years old with 50K miles, then it would
be considered a high mileage vehicle - and worth less. If it's a ten year old car with 50K miles, then it would
be considered a low mileage car. Maintenance history is also important.


Good luck!


;)
 

·
Registered
Joined
·
31 Posts
This is always a tough decision for me, ie: when to trade a car or sell it. Grim has a good method.. "if you don't look back at it, time to sell!". For me, I set a minimum and max. 4 year minimum (while under warranty) and 6 on the outside (so there is some reasonable trade value). I did buy an extended Fidelity warranty when i bought the Macan, so I am set for 6 years should i want to keep it that long. The extended warranties are good in that you can get a rebate if you only use part of it. One other point, I did use a used car reseller to sell my MB E400 Coupe recently. It was based on commission and it worked out well. I avoided all of the hassles of selling the car and got more than i would have on a trade in at the dealer.
 

·
Registered
Joined
·
1,570 Posts
IMHO, one should sell a Porsche before it's warranty expires. That's not a Porsche specific statement, it applies to most non-Japanese cars. The long range service costs, done by a dealer, can be mind boggling. I found the $1300 proposed charge for the 3 year service a bit of a shock (call me naive). As I've posted before, faced with the $1300 plus another $1600 for tires, I just ordered a new macan a few weeks ago. It costs somewhere between $8-10K a year to drive this class of car. My choice was to keep driving the current 17 S or pay $30K (with trade) and drive a 20 S. It wasn't a hard decision.
 

·
Registered
Joined
·
10 Posts
IMHO, one should sell a Porsche before it's warranty expires. That's not a Porsche specific statement, it applies to most non-Japanese cars. The long range service costs, done by a dealer, can be mind boggling. I found the $1300 proposed charge for the 3 year service a bit of a shock (call me naive). As I've posted before, faced with the $1300 plus another $1600 for tires, I just ordered a new macan a few weeks ago. It costs somewhere between $8-10K a year to drive this class of car. My choice was to keep driving the current 17 S or pay $30K (with trade) and drive a 20 S. It wasn't a hard decision.
Are you saying paying $30k more to switch from a '17 to '20 is a better financial decision than keeping the '17? 'Murica I guess.
 

·
Registered
Joined
·
252 Posts
I find it a bit shocking that in all these posts no one mentions the issue of depreciation.

Sure, the longer you hold onto any car, the less it's going to be worth. The correct answer is to sell all your vehicles and take the bus.

Seriously, no one mentions the alternative of buying a new replacement vehicle where the depreciation expense is going to far exceed the depreciation encountered in keeping the current vehicle. And for the vast majority of us, any expense for out of warranty repairs is going to be easily offset by the depreciation expense immediately encountered on the purchase of the new vehicle.

I find it funny that having to pay $2000 in out of warranty repairs irks most people far more then encountering $10,000 in depreciation expense.

I also agree that there is no such thing as the "dreaded 50,000 mile mark" where cars take a huge hit. All one needs to do is look at KBB or Black Book to dispel the myth.

Also some here would like you to believe that there is no market for older high mileage Macans. It's simply not true, they are bought and sold every day. There are plenty of buyers that realize that they will save huge amounts of money by buying such cars because someone else has that has suffered the huge depreciation, and that most likely any repair expenses will pale in comparison to the savings. Not saying there is no risk, of course there is a risk in buying an out of warranty vehicle. But the risk is why they are so priced so attractively.
 

·
Super Moderator
Joined
·
1,158 Posts
IMHO, one should sell a Porsche before it's warranty expires. That's not a Porsche specific statement, it applies to most non-Japanese cars. The long range service costs, done by a dealer, can be mind boggling. I found the $1300 proposed charge for the 3 year service a bit of a shock (call me naive). As I've posted before, faced with the $1300 plus another $1600 for tires,

As a reminder to the OP (and anyone else who believes differently) you are under NO OBLIGATION to take your under warranty to the
Porsche dealer for servicing. Warranty claims, sure. Regular maintenance work, no. Once a car is out of warranty, only those who are
more than happy to part with their money would continue to take their Porsche to the Porsche dealer.




Also some here would like you to believe that there is no market for older high mileage Macans. It's simply not true, they are bought and sold every day. There are plenty of buyers that realize that they will save huge amounts of money by buying such cars because someone else has that has suffered the huge depreciation, and that most likely any repair expenses will pale in comparison to the savings. Not saying there is no risk, of course there is a risk in buying an out of warranty vehicle. But the risk is why they are so priced so attractively.

True - there is always a market for good used German cars - Porsche, BMW, etc. Always. As noted above, there is always some risk in
buying a used car. That's where a dealer or an aftermarket specialist can come in very handy conducting a pre-purchase inspection (PPI)
for a potential purchase. One gets the advantage of the lower price through depreciation, with the trade-off of future or hidden potential
service issues.
 

·
Registered
Joined
·
323 Posts
I recently got the itch to trade for a highly optioned '18 Turbo w/ 5,000 miles. My current Macan is a '16 S w/ 50k miles. When I sat down and really studied the economics (out of pocket cost, depreciation, opportunity cost, etc.) it was a no brainer that I should keep my current car. It helps that I still enjoy my '16.
 

·
Super Moderator
Joined
·
7,178 Posts
I find it a bit shocking that in all these posts no one mentions the issue of depreciation. ... Seriously, no one mentions the alternative of buying a new replacement vehicle where the depreciation expense is going to far exceed the depreciation encountered in keeping the current vehicle. And for the vast majority of us, any expense for out of warranty repairs is going to be easily offset by the depreciation expense immediately encountered on the purchase of the new vehicle.
I'm not. It's human nature. It's an intangible entity vs a very real possible expense that they might have to pay. Its the same thing with TCO. Except for the anal with their spreadsheets, who figures out TCO? Few.

The moment you buy a new car, whether cash or via loan, or combination thereof, its a done deal. You have committed to it. The car cost say $60,000 and that's it. It doesn't matter that two weeks later its worth $50,000, in your mind, its still a $60K car. They don't want to hear that. Just look at the people here who always overestimate the worth of their cars. They have a hard time believe those $550 dye jobs for colored seatbelts are worthless and that no one but they care about them. "But But, my options, they cost a lot". So what? no one else cares.

Say in 4 years the car is worth $30,000. They are now faced with maybe a possible $3K repair. That's 1/10 the value of their once $60,000 car. That's huge. Yet a $10K depreciation hit is all paper. Its not real to them.

Think of it this way. How many people bought a house a long time ago and it rose in value. Maybe they bought for $100K and today its worth $500K. Or maybe its worth $1M. When they bought it, it was far cheaper. The reason's don't matter. Of all those people, how many consider themselves millionaires? LOOK! My house is worth a cool $1M. On paper, that's true. IRL, its not. You got to live somewhere. Sure, if you sold the house you would get $900K. Now subtract for inflation. Now find someplace to live because at the moment you have no house. Then reality sets in. NO, you are not a millionaire. You have to buy something else. It was a paper illusion. The only way you are truly a millionaire is with cash on hand, but you still got to live somewhere.

Depreciation is intangible. You can't touch it, feel it, and no one wants to think about it. Its part of TCO and few people can even spell TCO. :)
 

·
Registered
Joined
·
1,356 Posts
Automobile depreciation is bigger than one would think. Here's why: depreciation = loss of investment that could have been making interest over same time period…….makes sense that it would be an opportunity cost. So you're losing money on the decreased value of the car after X years and income from that money had it been invested. Now if you own a car without any warranty and get hit with a big repair bill, you're losing that sum of money plus the interest it would be earning. It never ends...

Owning a car is money lost, but owning a Porsche car makes it easier to justify the cost. Think of all the people losing money driving lesser vehicles that are not much fun to drive; they are really getting hit hard, and get little driving satisfaction from the money they spent on the car.

Got to admire the people from Eugene, Oregon, the largest population of non car owning people in the country.
However, I would bet there is a significant group of Porsche car owners that live there.
 

·
Registered
Joined
·
196 Posts
Look the cheapest car you'll ever own is the one you have. We have 2 VDub 2008 Touaregs and a 2015 RS5. We're selling off the pampered and slightly modded V6 FSI due to advances in technology as TOWMBO needs some more safety features which are impractical for me to fit into her 12 year old car. All of my cars are personal touch cars and modified to my desires/requirements both in design/function and where I live. We keep our cars for a long time and most probably this will be the wife's last car. Is depreciation a factor? Not really, the Macan is the best car I could find for where it will be driven and given what's available as alternatives. We all agree that the minute you drive it out of the dealer's lot you just dumped several thousand bucks on the sidewalk. And as Grim stated, no one will pay for the dyed seat belts 3 years down the road. But given the amount you're spending (compared to a Subary WRX for example), if you want colored seat belts for 500 odd bucks then knock yourself out, just don't expect to add that to the sales value when you do decide to sell.
So if you're happy with you car and unless there's
a) Issues piling up
b) a pressing need (such as blind spot monitoring, PDLS+ etc.) to upgrade,

keep it and go camping./fishing or whatever with the money saved.

siberian
 

·
Registered
Joined
·
52 Posts
Except for the fact the original poster mentions that he wants more space and has the possibility of business lease a 2016 Macan S is more or less the same as a 2020 S.

Yes, things have been refreshed but not that much and with 34k his vehicle is still a baby in terms of whether the car seems tired and smelly (you know that old car smell!). Therefore, the reality is that his car would be lucky to fetch 27K as a trade and a little more privately. So the real difference is that he would be out of pocket over 40K (plus potential interest on financing) for an upgrade to basically the same car.

IMHO, the main reason to unload the car would be that is that it is dated and or unreliable. Or, as Siberian mentions, there a particular set of options coveted / needed.

On another note, I see the expiring warranty argument but it is kind of weak in that not all Macans break the day after the warranty expires yet to do anything about it (i.e. buy a new car) would cost statically way more that any repair unless you were unlucky enough to say blow up the motor and transmission in one go.

But to the original poster, if you really want to sell it, arrange your new ride, clean up the Macan and put it on Autotrader or wherever. If that fails then take it to a wholesaler like CarMax, who will give you around what the dealer would pay anyway.
 

·
Registered
Joined
·
106 Posts
My 2016 Macan S is hitting its 4th year. Everything works perfectly so far thus I am thinking if I should keep it forever and buy a second bigger car for the family. However, I just want to check here if is now a good time to sell/trade-in it because its warranty is about to expire. The car has ~34000 miles now. Thanks!
Mine started giving me ulcers as soon as the warranty expired. Transfer case 7 months out of warranty and now control arms need to be replaced to fix loud creaking. 45,000 KM on a 2015. Going to unload and buy from a brand that stands by their product.
 

·
Registered
Joined
·
1,570 Posts
Are you saying paying $30k more to switch from a '17 to '20 is a better financial decision than keeping the '17? 'Murica I guess.
Consider it a self financed lease.....I'm paying $833 a month including taxes to drive a Porsche and I am replacing it every three years vs a 36 month lease. Try to lease a car from the dealer at that price....good luck. Comparing the two options, it's the right financial decision by far.

If you are looking at the lowest price of ownership, then you should keep any car, Porsche or other, for 5 years or more.....and decide for yourself if you want to self insure the repairs or pay for the warranty.
 

·
Registered
Joined
·
88 Posts
Discussion Starter #19
Thanks for all the kind replies! I still want to keep the car as my family only has this one car for now (spouse doesn't like drive) and we definitely need a second car soon. The worry mostly comes with the potential out-of-warranty issue that Diz420 mentioned above. How's the average repair cost for Macan so far for ages > 4?
Also, I quoted the 4th year dealer maints service for $1750 + $250 brake flush, (yes, I live in Bay Area...), which hurts me again...I am just wondering some scenario like this: "because it's a Porsche and it's out of warranty, we should rip this guy off as he's willing to pay more!".
 

·
Registered
Joined
·
8,032 Posts
Is your Macan all paid for? Remember, the best car payment is no car payment!

Especially, if it's paid off, keep it!

Where I live, there's no magic 50K mile depreciation. If the car is two years old with 50K miles, then it would
be considered a high mileage vehicle - and worth less. If it's a ten year old car with 50K miles, then it would
be considered a low mileage car. Maintenance history is also important.


Good luck!


;)
A 10 year old SUV is near worthless no matter what the mileage . Example 2009 Cayennes run less than 20K (wholesale is even less). They burn gas, cost a fortune to repair , and IMO make no sense to keep .

50K miles is a generous number . The first hit in depreciation is 10K miles . That is what I was told by 3 high end used car lots when selling my 911 with sub 10K miles on it in 2005 . One of them had a Ferrari with 17K miles which they were UNABLE to sell for over a year . No one wants a Ferrari with 17K miles . They were practically ready to give it to me . The more expensive/exotic the car the worse miles represent in the used market.

I feel a car ought to be paid off on DAY ONE (flame suit on ) . If I can't buy the car then I dont buy the car . I have seen every excuse of "low interest rates " or "it's free money" or "I got investments which beat it and even pay for it" UNTIL the bank takes it away , 2009 was a perfect example of that when the financial and housing market collapsed and 90K 911's sold in the 50's as owners freaked out and cashed out. Porsche even freaked out .. and discounts as high as 20 percent off on a new car were had .

I know that my philosophy is not mainstream . I am glad its not . Otherwise I might have bought a bigger house , more cars , and perhaps taken a magic carpet ride into debt like so many I know . If I had to cash out today I could add up EVERY car I ever bought and clear all the money spent or lost (depreciation. repairs , etc) with excess by selling my house which I bought outright 30 years ago .

Cars are not economically sound . They are in some cases a necessity but a premium car is rich person's toy . The moment he grasps that then there is no need to justify, argue, defend. or explain why he is dropping 100K on an SUV when adequate SUV's cost 30K . He simply accepts and embraces this gluttony and perhaps offsets it by not being gluttonous in other expenses . That is the nature of a "car guy" (or gal) .

My name is yrralis1 and I am a car guy .... LOL. !
 
1 - 20 of 116 Posts
Top