How much does the 2016 Porsche Panamera cost?

Prices have softened 8.28% compared to this time last year, making it a favorable time to shop this model year.

There are 210 listings available, which suggests you have some room to compare prices and conditions.

If you find a listing below $25,291.16, that's toward the low end of the year-round range and worth acting on quickly.

Is the 2016 Porsche Panamera a good car?

Yes — the 2016 Porsche Panamera earns a 5/5 user rating, which points to strong owner satisfaction.

The overview describes it as the second-generation Panamera, with a sleeker, sportier look, a more modern interior, and larger infotainment displays. It also emphasizes the blend of luxury, performance, and everyday usability, including generous passenger space and a practical cabin.

That makes it a strong fit if you want a used Porsche that still feels special but can handle daily driving and family duty. 26.7% of listings are priced as good or great deals, so there are still worthwhile opportunities if you shop carefully.

Is the 2016 Porsche Panamera reliable?

Owners rate it 5/5, a strong signal of long-term satisfaction.

The overview points to a refined second-generation design, updated powertrains, and a more modern interior, all of which suggest a well-developed package for used buyers. It also notes that the car keeps much of the original Panamera’s practicality while improving the overall experience.

For long-term ownership, the main risk is less about the concept and more about buying a premium performance sedan without verifying condition and maintenance history.

What should I look for when buying a used 2016 Porsche Panamera?

At 73.8% accident-free, a meaningful share of listings has prior incidents — history verification is especially important.

You should start with a vehicle history report and confirm whether any prior damage was cosmetic or structural. After that, prioritize a pre-purchase inspection so you can check for wear, repair quality, and signs of deferred maintenance.

Because this is a premium performance sedan, focus on overall condition, service records, and how well the car has been maintained rather than mileage alone.

Is now a good time to buy a used 2016 Porsche Panamera?

This looks like a moderate, selective buyer’s market, so you can shop with some leverage if you stay disciplined.

• Deal availability: 26.7% of listings are priced as good or great deals.
• Inventory: There are 210 listings available.
• Price trend: Prices have softened 8.28% compared with last year.
• Clean inventory: 73.8% of listings are accident-free.

If you find a listing below $25,291.16, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2016 Porsche Panamera's resale value?

The current average of $25,281 sits slightly below last year's $27,565.

That decline suggests the market has already adjusted downward, which can help you buy more confidently now but may also limit short-term upside if you plan to resell soon. For a future seller, the key is to buy a well-kept example at a sensible price so you have less depreciation left to absorb.

Vehicles with strong owner satisfaction ratings, like this model year's 5/5, tend to retain buyer demand, which supports resale value over time.

Should I buy a 2016 Porsche Panamera or consider a different year?

If you're weighing the 2016 against nearby model years, here's how to think about it:

Choose the 2016 if:

• 26.7% of listings are priced as good or great deals.
• At 73.8% accident-free, a meaningful share of listings has prior incidents — history verification is especially important.
• Price trend: Prices have softened 8.28% compared with last year.
• Owners rate it 5/5 — a strong satisfaction signal.

Consider the 2017 if:

• At $40,338, the 2017 costs more than the current year's $25,281 average.
• It brings an all-new second-generation redesign with sharper performance, style, and technology.

The bottom line: If you want the better value, the 2016 is the smarter starting point because it combines strong satisfaction, softer pricing, and meaningful inventory. If you’re willing to pay more for the newer redesign and a more advanced overall package, the 2017 is the upgrade path to consider.

These recommendations are based on CarGurus' proprietary market data from August 28, 2026, CarGurus experts' opinions, and generative AI.