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

by Stephanie Wallcraft

The Porsche Panamera is Porsche’s first-ever four-door sedan. It was introduced for the 2010 model year and represented a big departure for the brand, if not as much of a shock as the Cayenne SUV that arrived a few years earlier. In truth, the Panamera’s launch was a long time coming, since Porsche had been considering building a sedan since the 1950s. Many prototypes were created over the years and some were almost production-ready, but the concept was finally realized as the Panamera.

After such a long gestation period, it was as accomplished as you’d expect. Not everyone was a fan of the looks, but all the Porsche design cues were present and correct. The long, wide body and domed roofline guaranteed good interior space. There was a large trunk, while the hatchback tailgate and folding seats provided versatility not far off a Cayenne's.

At the time of its launch, there weren’t many direct rivals for the Panamera. You could cite the BMW M5 and high-end versions of the Mercedes-Benz CLS, but neither could offer the Panamera’s hatchback practicality or outright glamour.

The Panamera has always had the performance and driving appeal to go toe-to-toe with any competitor. It was initially available with massively powerful V8 engines, and V6 versions with 300 horsepower or more soon followed. Hybrid and plug-in hybrid (PHEV) models joined the range, offering better fuel economy but equally wild acceleration. While base models are rear-wheel drive, the majority of Panamera models are all-wheel drive (AWD) and all have an automatic transmission. The Panamera Executive is a long-wheelbase variant that provides sports car dynamics along with limousine-like rear-seat legroom.

While the first-generation Panamera’s styling wasn’t to all tastes, there can be few complaints about the second-generation model that went on sale in 2016. Sleeker and sportier, it retained much of its predecessor’s practicality yet looked more coupe-like and better resolved. It also offered an even more rewarding drive and similarly stellar performance, with a range of new turbo and twin-turbo engines and updated hybrid powertrains.

A new body style later joined the range in the form of the Panamera Sport Turismo. It’s a “shooting brake” rather than a pure wagon—still slinky but with a longer, squared-off roofline that gives extra cargo space and easier access to the back seats.

Any concerns that the introduction of the Taycan EV in 2019 would spell the end for the Panamera were unfounded. Although the Taycan is a similar size and shape, a third-generation Panamera—again with gas or hybrid power—went on sale in 2024. It’s a heavily updated version of the second-generation car, retaining much of its basic structure but featuring updated powertrains plus tech and bodywork changes that go beyond the usual midlife makeover.

Our Porsche Panamera buying guide gives you the lowdown on how this sports sedan has evolved over time, which are the best and worst versions, and how much you’re likely to pay for one.

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

Frequently Asked Questions

Which Porsche Panamera years are the best?

The Porsche Panamera has improved year-on-year, and the latest, third-generation model is subjectively the best yet. The second-generation car looks very similar and still feels contemporary, though, so that’s your best bet if you’re looking for a more affordable used example.

What are the worst Porsche Panamera years?

The worst years for the Porsche Panamera are the earliest. The 2009 to 2011 models are more prone to issues according to sources such as CarComplaints.com, although they’re still fairly low in number.

Is a used Porsche Panamera a good deal?

A used Porsche Panamera could be a great deal if you’re looking for a car that has all the quality, driving appeal, and performance you'd expect of the brand, along with four-door practicality. Running costs are likely to be high, but the Panamera has a real feel-good factor and there’s nothing else quite like it out there.

Porsche Panamera Pros and Cons

Pros:

  • All versions are powerful and rewarding to drive
  • Spacious, top-quality interior
  • Many hybrid options available

Cons:

  • Some versions are expensive
  • Design of first-generation model not to all tastes
  • Thirsty V8 engines

Porsche Panamera Generations

2025 Porsche Panamera E-Hybrid

Third Generation (2024-Present)

The latest, third-generation Porsche Panamera looks uncannily similar to the second, but Porsche says only about 30% of components are carried over. That includes the side doors, but there are fresh front and rear sections incorporating the latest Porsche styling themes, including squarer headlights and a more pronounced rear light bar.

As ever, the Panamera is a beguiling mix of sportiness and luxury, and all versions are enjoyable and comfortable to drive. They’re all fast, too, some outrageously so, and most are now plug-in hybrids. Although the similarly sized Taycan EV flies the flag for pure electric power, the Panamera shows that there’s life in the combustion engine yet—for Porsche, at least.

A slimmed-down range reflects the fact that the Panamera is now a niche model. The Panamera Sport Turismo model has been dropped, while the overall lineup has shrunk. The Panamera continues as the entry-level model with an updated 2.9-litre V6 engine pumping out 348 horsepower. It’s rear-wheel drive (RWD), whereas the Panamera 4—like every other model in the range—is all-wheel drive (AWD).

Next up is the Panamera 4 E-Hybrid, a plug-in hybrid version that adds a 187-horsepower electric motor for a combined total of 463 horsepower and a 0-100 km/h time of 4.1 seconds. The Panamera 4S E-Hybrid has a more powerful 2.9-litre engine, giving a total of 536 horsepower.

As ever, the Panamera GTS is a sporty derivative with some motorsport-influenced mods. It’s powered by a twin-turbo 4.0-litre V8 that pumps out 493 horsepower. The Panamera Turbo E-Hybrid delivers supercar performance with a plug-in hybrid powertrain that pairs the 4.0-litre V8 with an electric motor for 512 horsepower, a 0-100 km/h time of 3.2 seconds, and a top speed of 315 km/h. Those are crazy figures, but crazier still is the Panamera Turbo S E-Hybrid. With power from its 4.0-litre V8 ramped up to 591 horsepower, it gives a combined total of 771 horsepower with a mammoth 737 lb-ft of torque and a 0-100 km/h time of 2.9 seconds.

To say that standard equipment for the latest Panamera is comprehensive is an understatement, but then it ought to be for a car that now has an entry-level MSRP in Canada of more than $130,000. At the very least, all versions have adaptive air suspension, LED headlights, a heated steering wheel, 14-way electric front seat adjustment, a panoramic roof, front and rear parking sensors and a rear-view camera, a power tailgate, wireless charging, and Apple CarPlay/Android Auto integration.

Advanced driver assistance features fitted as standard include lane-change assist, lane-keep assist, and an automatic emergency braking function. Higher-spec models are loaded with features, although there’s still a wealth of available options that can add tens of thousands to the price—bearing in mind that the range-topping Panamera Turbo S E-Hybrid already costs more than $250,000 to start.

It’s too early to judge the reliability of the latest Porsche Panamera. However, given that it’s an improved version of the previous model, the omens are good and it should be a dependable choice.

Third-generation Panamera models have started filtering through to the used market already. So far, you can expect only a minimal saving, if any, on the MSRP of a new car.


Second Generation (2016-2024)

The second-generation Porsche Panamera, introduced for the 2017 model year, built on the success of the first with a similar blend of sportiness and luxury. Objectively, there wasn’t a huge amount wrong with the first Panamera, although many never warmed to its rather ungainly proportions.

While it has very similar dimensions to its predecessor, the second Panamera looks much more like a Porsche—less a big hatchback with Porsche details grafted on, and more like a family-friendly 911. The interior is similarly smart, retaining the generous passenger space and sense of luxury of the previous car but with a more modern, minimalist design, including large infotainment/display screens.

The basics of the chassis and powertrains are similar. There are six-cylinder and eight-cylinder models, all with an eight-speed PDK dual-clutch automatic transmission. The entry-level Panamera has a 3.0-litre V6 engine and rear-wheel drive, while every other version has all-wheel drive. Moving up from the Panamera 4 to the Panamera 4S gets you a 2.9-litre twin-turbo V6 with 440 horsepower, while the Panamera Turbo has a 550-horsepower twin-turbo V8.

The range of plug-in hybrid models expanded for the second generation. The Panamera E-Hybrid combines the 2.9-litre V6 with a 136-horsepower electric motor for a total of 462 horsepower, while the Panamera Turbo S E-Hybrid adds the same electric motor to the Turbo S drivetrain for a total of 680 horsepower.

The Panamera Sport Turismo joined the range in 2017. This new body style is best described as a “shooting brake”. It’s not an all-out estate, but has a longer, squarer rear body section, lower load height, and extra trunk space to make it more practical. Long-wheelbase Panamera Executive versions of the sedan are a carryover from the first-gen car and provide palatial rear legroom and extra luxury features.

The Panamera GTS joined the range in 2018. As with the first Panamera, it has a range of chassis and cosmetic tweaks to give it an especially sporty look and feel. Power comes from a twin-turbo 4.0-litre V8 with 460 horsepower.

A range update in 2020 involved the usual round of cosmetic, tech and power upgrades. Exterior changes give a sportier look, while the interior has an updated infotainment system. The Panamera base model switched to a twin-turbo 2.9-litre V6 in place of the previous single-turbo 3.0-litre unit, while a new Turbo S model with a 620-horsepower version of the Turbo’s 4.0-litre V8 gives a 0-100 km/h time of 3.1 seconds for standard-wheelbase models.

All models are very well-equipped. The base model has a panoramic roof, heated front seats, a reversing camera, leather upholstery, LED headlights, Apple CarPlay/Android auto compatibility, and much more as standard.

The second-generation Porsche Panamera, like most of the brand’s models, has a good reliability record. Porsche has consistently ranked as one of the top car makers in the annual J.D. Power U.S. Vehicle Dependability Study in recent years.

If you want a second-generation Panamera, the good news is that examples with around 100,000 kilometres on the odometer start at about $50,000. You can spend a lot more than that, of course, and V8s start at roughly $70,000. Prices for top-end 2023 or 2024 cars are upwards of $120,000.

2009-2016 Porsche Panamera Generational Reviewthumbnail

First Generation (2009-2016)

The first-generation Porsche Panamera arrived seven years after the Cayenne SUV, so it wasn’t the first four-door Porsche. It was something new for the manufacturer, though: a spacious, high-end four-seater that’s part sport-sedan, part luxury car. As such, it’s an alternative to a handful of high-performance sedan and coupe models, although none offers quite the same mix of sports car dynamics and refined luxury.

Porsche hasn’t altered the Panamera formula much over the years since the first-generation model got most things right off the bat. Despite being comparatively large and heavy—most versions weigh more than 1,800 kilograms (4,000 pounds)—the Panamera handles with real precision and every version is fast.

Even the earliest and least-powerful version, dubbed simply the Panamera, has 300 horsepower courtesy of a naturally aspirated 3.6-litre V6. The Panamera 4 has the same engine but adds all-wheel drive for a 0-100 km/h time of six rather than 6.2 seconds. The Panamera S and 4S have a naturally aspirated 4.8-litre V8 with 400 horsepower, good for 0-100 km/h times of 5.4 seconds and five seconds.

The Panamera Turbo and Panamera Turbo S have twin-turbo versions of the V8 with 500 horsepower and 550 horsepower respectively. Both have all-wheel drive as standard and can hit 100 km/h in roughly four seconds.

The rear-wheel-drive Panamera S Hybrid arrived in 2011, combining a supercharged 3.0-litre V6 with a 47-horsepower electric motor for a total output of 380 horsepower and a 0-100 km/h time of 5.9 seconds. While the S Hybrid has an eight-speed ‘Tiptronic’ conventional automatic transmission, all other models have a seven-speed PDK dual-clutch automatic transmission.

Porsche gave the Panamera range a comprehensive update for 2014. New designs for the tailgate, lights and bumpers give it a sharper look, while the engine range was revised. Power for the Panamera and Panamera 4 was increased, while the V8 of the S and 4S models was replaced by a new 3.0-litre twin-turbo V6 with more power.

A new Panamera GTS model with an overtly sporty character and a naturally aspirated 440-horsepower V8 joined the range below the Turbo, which had power increased to 520 horsepower. The Panamera S Hybrid, meanwhile, was replaced by the Panamera S E-Hybrid—a plug-in hybrid (PHEV) version with more power and a pure-electric range of 26 kilometres. It’s the most fuel-efficient first-generation Panamera and has the lowest CO2 emissions, although combined fuel economy is still only 9.3 L/100 km in hybrid mode. The other models in the range burn around 11 L/100 km or more.

Alongside the usual round of mid-life tech and equipment upgrades, Porsche also added new Panamera Executive models to the range. These long-wheelbase versions, available in Turbo Executive or 4S Executive form, add an extra 15 centimetres between the axles (as well as additional equipment) to make them true rivals to luxury limos such as the Mercedes-Benz S-Class.

An updated Turbo S model followed a few months later, now touting a monstrous 570 horsepower and maximum torque of up to 590 lb-ft (including overboost), as well as a top speed of 309 km/h.

As you’d expect of a luxury sedan, standard equipment for all versions is generous. And, as is the way with Porsche, the more power the engine has, the more features you get. At the very least, you can expect automatic climate control, bi-xenon headlights, a part-leather interior, and a range of advanced safety features.

While Panamera and Panamera 4 models have standard steel suspension, S and 4S versions have Porsche Active Suspension Management (PASM) with selectable modes, and higher-powered models have adaptive air suspension. When new, you could configure the Panamera with a wide variety of individual options and option packs, allowing a huge degree of personalization in the way it looks and drives. Highlights include privacy glass, noise-reducing windows, a Sport Chrono package, ceramic brakes and, from the 2013 model year onwards, LED headlights.

The first-generation Porsche Panamera feels like a high-quality product and is generally a reliable choice. There’s a known issue that affects early V8 models with camshaft bolts prone to shearing, mainly in 2010-2011 cars. It otherwise has a solid reputation, but it’s worth bearing in mind that replacement parts are likely to be costly and the earliest cars are now 15 or more years old.

You can pick up a high-kilometre Panamera from about $20,000, but you’re probably better off spending a bit more for one with less than 120,000 kilometres on the clock. In this case, budget for at least $30,000. Later, high-spec cars can cost $50,000 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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