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Va;lue after 3 years

2K views 1 reply 2 participants last post by  gcurnew 
#1 ·
Got a bit of a "reality check" last week. My 2014 Porsche Cayenne diesel with 214,000 km was assessed for trade-in value on a Macan at $20K. Paid $81K for it December 2013. Makes trading in on something else a bit of a pricey adventure. If I keep it for 3 more years, and hope that my repairs are minimal, at least my maximum depreciation is "only" $20K!!
 
#2 ·
The high mileage is knocking down the price, but a quick Autotrader search shows 10 2014 Cayenne diesels - a few with mileage in the 80k to 90k range - priced between $54k and $71k (all prices Canadian). My guess is you could easily get around $40 for it selling privately, assuming it's been well maintained and is in good overall condition. http://www.autotrader.ca/cars/porsc...ed&hprc=True&wcp=True&inMarket=advancedSearch
 
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