Porsche Cayenne Buying Guide: Cost, Reliability, and the Best Years to Buy

by Stephanie Wallcraft

It was the early 2000s, and Porsche was on the ropes financially. With only the iconic 911 and the new-ish Boxster at dealerships, it was clear the sports car manufacturer needed a saviour. The solution was the Porsche Cayenne, a midsize SUV with roots in the then-new Volkswagen Touareg. That sent Porschephiles into a frenzy, convinced this was the end of Porsche as we knew it.

That obviously didn't happen. The Cayenne went on to be a huge success, helping to save Porsche from an uncertain fate. It seems once those critics finally got behind the wheel, they realized it did indeed deserve the Porsche badges, delivering the kind of performance and polish for which the brand was known. It also didn't hurt that the Cayenne had a supporting role in the Sopranos, cementing its place among wealthy suburbanites as the hot car of the moment.

More than two decades later, the Porsche Cayenne remains a very desirable sporty SUV. Other carmakers have since followed suit, either developing their own SUVs or adding high-performance versions of existing models. These include the BMW X5, the Mercedes-Benz M-Class and GLE, and the Audi Q7. On the higher end, the Bentley Bentayga, the Aston Martin DBX, and the Range Rover Sport are also worth considering. There are also two sub-models of the Cayenne that we cover separately—the Cayenne Hybrids and the Cayenne Coupes.

Porsche Cayenne Buying Guide: Cost, Reliability, and the Best Years to Buy

Frequently Asked Questions

Which Porsche Cayenne years are the best?

The most recent third-generation Cayennes are easily the best in the vehicle's history. As you'd expect, they're more powerful, more efficient, and more advanced than any of their predecessors, but they'll also cost you an arm and a leg. We're confident that the base Cayenne in any year would easily satisfy most drivers. Opting for higher trims makes sense for those who want even more performance. Otherwise, you could be paying extra for something you really don't need.

Which Porsche Cayenne years are the worst?

For the most part, there aren't any conventional Cayennes that stand out as being bad. The only ones we would avoid are the early hybrid models that debuted in 2011, which we cover in a separate review. They suffered with inconsistent drive issues that left you guessing as to how the SUV would react to pedal inputs.

Is a used Porsche Cayenne a good deal?

As is the case with many luxury vehicles, the first owner loses the most value in the first two or three years— potentially more than 50 percent of the original price. That means a Cayenne coming off a lease could be an excellent deal, as you won't have to contend with nearly as much depreciation.

We would caution potential owners to pay close attention to warranty coverage. This is not because of any mechanical deficiencies but rather because Porsche maintenance and repairs are notoriously expensive. Depending on age and odometer reading, we suggest hunting for a certified pre-owned model or adding an extended warranty.

Porsche Cayenne Pros and Cons

Pros:

  • Strong performance
  • Refined interior
  • Sturdy construction

Cons:

  • Expensive with few standard features
  • Limited cargo capacity
  • Pricey maintenance

Porsche Cayenne Generations


Third Generation (2019-Present)

The third-generation Porsche Cayenne debuted in 2019. It measures more than six centimetres longer than the model it replaced but was also slightly lighter. In Porsche tradition, this latest iteration was more of an evolution than a typical redesign. Every aspect of the bodywork was restyled, but it still takes a keen eye to tell the difference between new and old. As expected, power output also increased.

Initially, the new Cayenne was available in base, S, and Porsche Cayenne Turbo guises, and as the Porsche Cayenne E-Hybrid (reviewed separately). These models were largely distinguished by their powertrains with some minor features added along the way. The base Cayenne was anything but basic, with a 3.0-litre turbocharged V6 engine that produced 335 horsepower and 332 pound-feet of torque. The Cayenne S upgraded to a twin-turbo 2.9-litre V6 with specs of 434 hp and 406 lb-ft of torque, while the top Turbo model kicked down the door with a twin-turbocharged V8 that cranked out 541 hp and 561 lb-ft. An eight-speed automatic was the only available transmission, and all-wheel drive (AWD) was standard.

Available features for the Cayenne include an adaptive suspension system called Porsche Active Suspension Management (PASM), a panoramic sunroof, and the Sport Chrono package that adds a dash-mounted stopwatch, a drive mode dial on the steering wheel, launch control, an additional Sport Plus drive mode, a Sport Response button that gives you a power boost for 20 seconds, an adaptive air suspension, upgraded brakes, and sport seats.

For 2020, the lineup grew to include a new 670 hp S E-Hybrid, which we cover in a separate review. The GTS trim returned to the Cayenne stable in 2021, offering shoppers an enticing middle ground between the conventional Cayennes and the Turbo. It featured a turbocharged 4.0-litre V8 that produced 453 hp and 457 lb-ft of torque, a sports exhaust system, and torque vectoring for improved handling and traction.

The following year, a new Platinum Edition trim debuted as an add-on for the base and S trims. It added silver and gloss black styling accents, 21-inch wheels, keyless entry, a premium sound system, sports seats, interior ambient lighting, and a panoramic sunroof. It must not have been as popular as Porsche had hoped since those Platinum Edition models were discontinued by 2024. The infotainment system also received some updates, the most prominent being Android Auto functionality.

There were no significant changes for 2023, likely in preparation for the numerous updates planned for 2024. That year brought a minor styling refresh inside and out, along with a bump in power and a tuned suspension system that promised better handling and comfort. The base Porsche Cayenne model now produced 348 hp, while the Cayenne S jumped to 468 hp. The GTS also took a brief hiatus, and the Turbo model was replaced by the 729 hp Turbo E-Hybrid.

The GTS returned in 2025 with a power increase to 493 hp and 487 lb-ft of torque as well as performance enhancements borrowed from the Cayenne Coupe Turbo GT (a less practical version of the Cayenne with a fastback body style). A surround-view camera system was also moved from the options list to standard equipment.

Not surprisingly, Cayenne Hybrid variants are the efficiency leaders of the lineup with between 27 and 70 kilometres of zero-emission range from the electric motor depending on model year. The base Cayenne is estimated at 12.2 litres per 100 kilometres combined, while the GTS and the top-end Turbo models increase those estimates to between 14.0 and 14.8 L/100 km combined.

Neither the U.S. National Highway Traffic Safety Administration (NHTSA) nor the Insurance Institute for Highway Safety (IIHS) have evaluated the Porsche Cayenne in their respective crash tests. That's not uncommon for high-end, luxury and exotic sports cars with high MSRPs, and some direct rivals also lack this information.

Initially, the Cayenne came with only frontal collision warning with automatic emergency braking. In the following years, many previously optional features were added as standard equipment. These included a blind-spot monitor with rear cross-traffic alert, lane-keep assist, parking proximity sensors, a semi-automated parking system, and a traffic sign reader. Options included adaptive cruise control, a head-up display, night vision, and remote driverless parking.

As far as recalls go, the third-generation Cayenne has been relatively trouble-free. The most concerning issue was a front suspension control arm problem for the 2024 model year. Other minor recalls were issued for brake pad indicators, delayed camera activation, loose shock absorbers, faulty seat belt buckles, a transmission fluid leak, rear axle alignment and fasteners, and airbag activation problems.

With as few recalls as the Cayenne has had, it makes sense that it is regarded as one of the more reliable choices in the luxury SUV class. Despite this, the Cayenne is prone to disproportionate depreciation. For example, you could expect a base 2019 Cayenne to lose over 50 percent of its value in the first three years of ownership, and more luxurious versions will likely lose even more value over the same time.

That's not an indictment of the Cayenne as much as reflective of the market for which it's intended. At this level, having the newest or hottest model is of greater importance to wealthier clients with generous budgets.

On the Canadian used vehicle market, early third-generation Porsche Cayenne models start at roughly $40,000 for lower-trim versions with more than 100,000 kilometres. At the high end, late-model Turbo GT examples are priced at well over $200,000.


2019 Porsche Cayenne Preview summaryImage

Second Generation (2011-2018)

The second-generation Porsche Cayenne debuted in 2011 with revised styling that reflected the 911 sport coupe of the era. The compound "fried egg" headlights were simplified, and the grille adopted a simpler, elegant look. The overall shape and personality remained easily recognizable, and it was about five centimeters longer than its predecessor.

Three standard models kicked off the new generation with the base Cayenne, the Cayenne S, and the Turbo, while a new S Hybrid also joined the lineup. The base Cayenne came with a 3.6-litre V6 that produced 300 hp and 295 lb-ft of torque. A six-speed manual was the standard transmission, and an eight-speed Tiptronic S automatic was optional. In Canada, all-wheel drive was standard throughout this generation.

The Cayenne S stepped up to a 4.8-litre V8 that made 400 hp and 369 lb-ft. It was only offered with the Tiptronic automatic transmission. The top Turbo trim received a twin-turbo V8 with power increasing to 500 hp and 516 lb-ft of torque.

The base Cayenne included standard features such as a power liftgate and leather seats, while the Cayenne S upgraded to a sportier steering system and added a sunroof. The Turbo topped off the features list with the PASM system, upgraded headlights, sport seats, a navigation system, and a Bose audio system.

In its sophomore year, the Cayenne added a blind-spot monitor, while the Turbo gained two options—larger carbon-ceramic brake rotors, and a power boost function good for an additional 40 hp.

A new diesel variant joined in 2013 as well as a GTS trim that supported the Turbo model. The diesel used a 3.0-litre V6 that produced 240 hp and 406 lb-ft of torque. The Cayenne GTS squeezed 420 hp and 380 lb-ft from the Cayenne S's V8. It further benefited from a height-adjustable PASM system plus many of the performance upgrades from the Turbo.

In typical Porsche fashion, the Turbo alone wasn't enough, and, in 2014, the Turbo S became the new king of the Cayennes. Power increased to 550 hp and 553 lb-ft, and owners also got more serious active suspension and torque vectoring. The Sport Chrono package and other aesthetic enhancements were also included.

The Cayenne reached a turning point in 2015 as it underwent a significant mid-cycle refresh. The styling received only minor tweaks, but bigger changes were afoot under the hood. The Cayenne S ditched its V8 for a 3.6-litre turbocharged V6 that produced 420 hp and 406 lb-ft of torque, while the Turbo model's suspension was retuned. New features included a surround-view camera system and available ventilated rear seats. The Turbo S and the GTS trims were put on hold for this year, too.

The return of the GTS in 2016 saw it take the Cayenne S's turbo V6 and increase output to 440 hp and 443 lb-ft, while the V8-powered Turbo S jumped to 570 hp and 590 lb-ft. In 2017, a new infotainment system was introduced, along with Apple CarPlay and a Platinum Edition model that was limited to aesthetic changes. The diesel powertrain was discontinued after the Volkswagen Dieselgate scandal.

Second-generation Cayenne models varied from a low of 11.5 litres per 100 kilometres in combined city and highway driving up to 15.2 L/100 km combined for the 2024 Turbo S model. The S E-Hybrid was the efficiency leader, rated at 10.6 L/100 km combined and with an electric-only range of 24 kilometres. The S Hybrid models weren’t far behind at 11.0 L/100 km combined. In its brief appearance, the diesel was estimated as low as 9.8 to 10.2 L/100 km combined.

This era saw the rise of advanced safety features and driver aids, but you had to pay extra for them. They included frontal collision warning with automatic emergency braking, a blind-spot monitor, lane departure warning, adaptive cruise control, a rearview camera, and parking proximity sensors. Crash tests were not performed or published for these Cayennes.

Between 2011 and 2018, the Porsche Cayenne received very few recalls, and the most serious problems (valvetrain, turbo, fuel injectors, and alignment) were addressed immediately. Other minor issues included problems with the headlights and the brake pedal. On the whole, these second-generation Cayennes deserve praise for their build quality and dependability, though that may not be as apparent for the first owner as depreciation when it comes time to sell. It should also be pointed out that out-of-warranty repairs can be prohibitively expensive, so this could be a case where an extended warranty might actually come in handy.

Early, high-odometer second-generation Porsche Cayennes can go for as little as $10,000 on the used vehicle market in Canada. For a slightly newer model with a reasonable odometer reading, expect to pay at least $18,000. Prices top out at $50,000 on average for GTS and Turbo models, though higher-end trims such as the Turbo S can go for closer to $70,000.

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First Generation (2003-2010)

The first Cayenne debuted in 2003 and was offered in two flavours. The entry-level Cayenne S was powered by a 4.5-litre V8 engine that produced 340 hp and 310 lb-ft of torque. The Turbo model added a pair of turbochargers for a stout 450 hp and 457 lb-ft. Both were paired with a six-speed automatic transmission, and all-wheel drive was standard.

The 2004 lineup grew to include a V6-powered base model, simply called the Cayenne. This 3.2-litre V6 produced 247 hp and 229 lb-ft of torque. There weren't any new trim levels for 2005, but a six-speed manual transmission was made available with the V6 model. New features included a standard power liftgate and an available panoramic sunroof and rearview camera. The Turbo trim also gained an option that increased power to 500 hp and added upgraded brakes.

The 2006 model year gave shoppers a new range-topping target with the Cayenne Turbo S. As expected, power increased to 520 hp and 530 lb-ft, but this high-performance model went further by firming up the suspension, improving brake performance, and retuning the stability control.

In a somewhat odd move, the Cayenne went on hiatus for the 2007 model year despite being Porsche's best-seller at the time. That strategy made sense when a refreshed Cayenne reappeared in 2008. Styling changes were minimal, while the powertrains got most of the attention. The base V6 increased output to 290 hp and 273 lb-ft of torque, while the Cayenne S jumped to 385 hp and 369 lb-ft thanks to a new 4.8-litre V8. A new Porsche Cayenne GTS model took the same engine and bumped up the power yet again to 405 hp, and it was also available with a manual transmission. The Turbo also increased output to 500 hp and 516 lb-ft.

The Turbo S returned the following year with 550 hp and 553 lb-ft of torque, and 2009 also brought a new infotainment system with a touchscreen interface, iPod/iPhone integration, and satellite radio. Performance-wise, carbon-ceramic brakes were available on V8 models.

Changes were light in 2010—the first-generation Cayenne’s final year. The most significant was a new Transsyberia special edition that started with the GTS and added some off-road abilities on top of the Off-Road Technology package.

Fuel economy figures for the first-generation Cayenne were high by today's standards and slightly above those of other SUVs at the time. Both the Cayenne S and the Turbo were initially estimated at 16.6 and 17.3 litres per 100 kilometres combined in city and highway driving, respectively. The base V6 model did only marginally better at 15.5 L/100 km combined with the automatic or 15.6 L/100 km with the manual transmission. The GTS was rated at 15.6 L/100 km combined with the auto or 17.9 L/100 km with the manual.

As is typical, the first year of production saw the most recalls for the Cayenne. These included issues with the fuel pump and tank, the parking gear, and the dash wiring. Some minor problems with the headlights, the steering, the suspension, the seatbelts, and the seat frame were also reported. The more serious issues were addressed quickly.

Early Cayenne models held their value well, but as time wore on and they became more common, depreciation began adjusting to be more in line with that of other luxury vehicles. That means the first owner lost a lot of value in the initial years, with the decline leveling off afterwards.

First-generation Porsche Cayennes are scarce in Canada. Very high-kilometre units in rougher shape can start below $5,000, while serviceable examples require a minimum spend closer to $12,000. Turbo models with reasonable odometer readings in good condition can command $30,000 or more.

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Stephanie Wallcraft is a multiple award-winning professional automotive journalist based in Toronto, Ontario, Canada. In addition to CarGurus Canada, her byline has appeared in major Canadian publications including Toronto Star Wheels, Driving.ca, and AutoTrader.ca, among others. She is a Past President of the Automobile Journalists Association of Canada and was named 2024 Canadian Automotive Journalist of the Year.

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