The Porsche company needs no introduction. Across the world, they are renowned for producing high-end cars that merge luxury with performance. There have been many iconic cars from the Porsche brand. One of them is the Porsche Panamera.
Porsche Panamera made its debut in 2009. It is a four-door front engine with rear-wheel and all-wheel-drive drivetrains available. The Panamera is a slight deviation from Porsche’s norm. Its engine isn’t mounted on the rear, and it is more significant than most other cars on the Porsche stable like the 911.
Depending on the trim of the Panamera, the price of its 2021 Porsche Panamera costs between $87,200 to $188,100.This amount is a bit pricey for some. Especially when you consider one of its rivals, the 2021 Audi A7 costs between $69,200 to $89,400 depending on the trim.
There are several reasons the make the Porsche Panamera expensive. We will examine these factors, how much the cars cost, how reliable they are, and how expensive they are to maintain.
Reasons Why Porsche Panamera Is Expensive
Exclusivity
Some brands instantly confer prestige, taste, and exclusivity to the users or owners. Porsche is one of those brands; they have been producing luxurious high-performance cars for a long time.
The Porsche Panamera isn’t immune from the “Porsche Effect.” The expectation when a potential buyer is purchasing the vehicle they are buying a symbol of high-class taste, one of the best cars in its class adds a few zeroes to the price tag of the Porsche Panamera.
In a world where optics is everything, driving a luxury car is one of the ways to show you are on an upward trajectory. Nothing says you are on the rise than driving a Porsche Panamera or any of its siblings. This exclusivity of the Porsche brand is one reason that makes the Porsche Panamera expensive.
This is not the only car that is expensive based on exclusivity—
Number of Cars Produced
Another reason for the relatively high price is the limited number of cars produced. Following free-market conditions, the higher the demand, the higher the price. One of the best ways to ensure high demand is to limit the supply.
Unlike affordable sports cars like the Mazda MX-5 that have to produce large numbers to keep their price low. The Porsche Panamera does the opposite. To ensure their exclusivity, they make a limited number of cars.
The limited number of cars produced means a limited supply, which causes a fierce demand, which drives up or helps the Porsche Panamera maintain its high price.
Production Cost
The Porsche Panamera uses the best materials to create this product—
- the finest leather
- advanced tech
- powerful engines
- tons of research and development to build these engines and design
In the end, the cost of production is relatively high.
To cover the cost of production and post a profit, the only thing to do is sell the Panamera at a high price.
The Porsche Panamera is a beautiful combination of luxury, human and artificial intelligence, and a dedicated workforce. All these come at a significant cost. The research and development team is constantly building better models than the last one.
Or the cost of the Panamera’s engines, the hybrid, and turbocharged ones, and the cost of building other parts and lubricants used.
Porsche has a reputation to make no margin for error. This mindset of the best or nothing means only the best of everything is used in production.
As stated earlier, the effort taken to produce the Porsche Panamera is another reason why the Porsche Panamera is expensive.
Car Interior
The Porsche Panamera interior combines elegance with simplicity, and it is arguably one of the best among the cars in this category. The Panamera combines various high-end materials like leather, aluminum, and wood trimmings, and soft plastic to touch.
Another aspect of the Panamera that speaks class, beauty, and simplicity is its dashboard. The dashboard flows in conformity with the car’s console to give the driver an impression of a cockpit.
The Panamera interior also has a sound buffer that dampens exterior noise. The interior is class, employs the best materials to ensure an enjoyable and comfortable ride. A car with a classy interior only deserves to come at a premium price.
Advanced Tech
Porsche Panamera employs some of the best tech available. Its infotainment system is one of the best in the market. However, it doesn’t support Android phones. Here are some of the features of the Panamera infotainment system.
- For base trims, the infotainment system 12.3-inch touch screen, GPS navigation, Apple CarPlay, Bluetooth, three USB ports, HD and satellite radio, a 10-speaker stereo, and a Wi-Fi hot spot
- In higher trims, there is an additional USB port, a 14-speaker Bose stereo, a 21-speaker Burmester stereo, and a rear-seat entertainment system with two 10-inch touch screens
- The Panamera also comes with dual-zone automatic climate control, a panoramic sunroof, and a power liftgate
- Keyless entry, power soft-close doors, quad-zone automatic climate control, ambient interior lighting, and a Sport Chrono stopwatch in higher trims.
Apart from the best tech in the interior, the Posh Panamera also employs the best tech for safety. Some of the Panamera’s safety features are;
- Rearview camera
- Front and rear parking sensors
- Lane departure warning
- Lane keep assist
- Road sign recognition
These high-tech features ease driving, improve driver’s safety, and make the Porsche Panamera expensive.
Engine, Transmission, and Drivetrain
Porsche Panamera has a whooping seven different engine options for buyers to pick. Its base engine is a twin-turbocharged V6 that produces 325hp and accelerates from 0-60mph in just five seconds. The most considerable Panamera trim, the Turbo S E-Hybrid, combines a V8 engine with an electric motor that gives a mind-numbing 689hp of power and goes from 0-60mph in less than four seconds.
The Porsche Panamera combines these powerful engines with an 8-speed automatic transmission and a rear-wheel or all-wheel drive. The combination of these three components in speed, smooth handling, all-weather performance.
It is only fair that a car that can guarantee this superior driving experience doesn’t come cheap.
How Much Does A Panamera Cost?
The price of the 2020 Porsche Panamera ranges from $87,200 to $198,100. The base Panamera costs $87,200, while the ten years limited edition of the Panamera costs $103,300. The higher trim Porsche Panamera 4 cost $91,800, the Panamera 4 Sport Tourismo goes for $98,000.
The Porsche Panamera 4 Executive costs $98,500, and the ten-year limited edition costs $107,500. These two have an AWD drivetrain.
The next in the range of the Panamera is the 4S. These have a base 2.9L V6 engine. The 4S is available for $105,000, while the 4S Sport Tourismo goes for $111,200, and the 4S Executive costs a minimum of $116,300.
The next trim is the Panamera GTS. They come with a powerful twin-turbocharged V8 engine. The base GTS costs $129,300 while the higher GTS Sport Tourismo is available at around $135,500.
The Panamera Turbos are the next trim. Their twin-turbocharged V8 engines produce 550hp. In this category, the base Panamera Turbo costs $153,000, the Panamera Turbo Sport Tourismo’s price is $157,000. The price for the highest in the class, the Panamera Turbo Executive, is $163,400.
The highest trim of the 2020 Porsche Panamera is the 4E-hybrid. The 4E-Hybrid has one of the most powerful hybrid engines available on the market and is the most advanced in safety technology.
The base trim in this category, 4E-Hybrid, costs $103,800. The next in line is the 4E-Hybrid 10 Years Edition. Its price is $107,800. Finally, the 4E-Hybrids is the 4E-Hybrid Sport Turismo $107,800.
After the 4E-hybrids comes the class of the Turbo S, the Turbo S goes for $187,700. The Turbo S Sport Turismo’s price is $191,700. The Panamera that rounds off everything is Panamera Turbo S Executive. This is available for a princely $198,100.
Is The Porsche Panamera Reliable?
The 2020 Porsche Panamera is rated three and a half stars. This reliability rating of the Panamera means it is slightly above average and suitable for its class. On its own, Porsche offers a four-year or 50,000mile warranty.
For the Hybrid models, Porsche goes further by giving an eight-year or 100,000mile battery warranty. The warranty ensures you are covered for a long time when you buy a Panamera.
Conclusion
The Porsche Panamera is a work of art, beautiful inside and out. A powerful engine, responsive transmission, and multiple drivetrains. The merging of performance and elegance can only mean the car won’t come cheap.
The Porsche Panamera comfortably takes on all comers and competes favorably with its rivals. It might cost more, but there is an iota of doubt that the Porsche Panamera is worth every penny. Advanced technology the car has makes driving pleasurable and safe.
No matter the trim of the Panamera purchased, there is a guarantee that the owner is getting a good car and a deal of a lifetime.
