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Can You Buy a Used Porsche For Less?

Porsche is one of the world's most respected brands. Founded in 1931, they were initially an automotive consulting company that did not develop cars under its own name. Then in 1939 the company founder, Professor Ferdinand Porsche accepted an assignment to build an economical vehicle for the German people. The result was the Volkswagen Beetle, one of the most influential and successful vehicle designs in history.

The success of the Beetle convinced Ferdinand Porsche to start manufacturing vehicles under his name. The Porsche 64 was released later that year to rave reviews and solid sales numbers. Since the founder had a love of luxury and speed, his new vehicles were primarily luxury sports cars. A few of these models, like the Porsche 550 Spyder, did quite well in international racing competitions.

The company's most popular and influential model was introduced in 1964. The Porsche 911 was a six cylinder rear-engined car with an inimitable body design. After the Corvette, it is arguably the world's most recognisable sports car. Should you buy a used Porsche?

Though they have a sterling reputation and are frequently seen on the Silver Screen, Porsches are still quite rare. The family-owned company only offers a few thousand units of each model per year. As a result, they can be extremely difficult to find at a reasonable price. Some dealerships each have waiting lists, along with substantial markups.

Buying a Porsche in the used car market isn't any easier. In fact, it might be even worse. Since dealerships know that Porsches are always in high demand, they often offer them above the market rate. It is also important to note that because of their rarity, Porsches don't depreciate or lose their value like regular cars. The average Porsche only loses about 15 percent of its value after five years, compared with 50 percent for the average car.