Used 2023 Porsche Panamera for Sale nearChicago, IL

How much does the 2023 Porsche Panamera cost?

Prices have softened 8.13% compared to this time last year, making it a favorable time to shop this model year.

There are 309 listings available, which suggests you have a modest amount of inventory to compare.

Is the 2023 Porsche Panamera a good car?

Yes — the 2023 Porsche Panamera earns a 5/5 user rating and a 6.67/10 expert rating. The standout strength is Look and feel at 9/10.

The Panamera’s appeal is rooted in its four-door grand tourer layout, its 911 Carrera styling cues, and its practical, passenger-friendly shape. It also gives you three body styles and multiple drivetrains, so you can tailor it more than many performance-oriented luxury cars.

The trade-offs are worth keeping in mind: brake pedal feel on winding roads is a weak point, the Bose audio system is unimpressive, and its performance value for the money is not especially strong.

For buyers who want something that feels special without giving up everyday usability, that mix makes sense. 28.5% of listings are priced as good or great deals, which gives you some room to shop selectively.

Is the 2023 Porsche Panamera reliable?

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

The Panamera is presented as a well-engineered, high-quality luxury performance car with rewarding driving dynamics and strong everyday usability. Its twin-turbo V6 and PDK transmission are described as a fantastic powertrain for most buyers, and the car is easy to drive smoothly in daily use.

The performance content also notes that the PDK is a terrific example of a dual-clutch transmission, with decisive shift action and a generally polished feel. On the cost side, the model’s first scheduled maintenance visit is on the house.

For used buyers, the main long-term ownership risk is that the Panamera’s complexity and premium positioning can make repairs and upkeep expensive if you buy a neglected example.

What should I look for when buying a used 2023 Porsche Panamera?

Accident-free inventory is excellent at 90.9% — clean inventory, standard diligence applies.

You should still run a history report and prioritize a pre-purchase inspection, especially on a car with premium features and multiple optional packages. Focus on brake condition, infotainment operation, and the condition of any added equipment, since the Panamera’s appeal depends heavily on how well it has been maintained.

Key things to evaluate:

• Trim level: The standard Panamera, Panamera Executive, and Panamera Sport Turismo each bring different body styles and practical advantages. The Platinum Edition adds exclusive detailing, unique 21-inch wheels, a sport exhaust system, and a Premium Package with heated and ventilated front seats, heated rear seats, four-zone climate control, a Bose sound system, adaptive LED headlights, and blind-spot monitoring.
• Powertrain: The base setup uses a twin-turbocharged 2.9-liter V6 with 325 horsepower and an eight-speed PDK transmission. Porsche also offers rear-wheel drive and all-wheel drive, and the broader lineup includes engines ranging up to a 690-hp plug-in hybrid V8 setup.
• Safety package: Standard active safety features include adaptive cruise control, forward collision warning, automatic emergency braking, lane-departure warning, lane-keeping assist, blind-spot monitoring with lane-change assist, and parking sensors. The available Assistance Package adds a head-up display, a surround-view camera, and Porsche InnoDrive with Traffic Jam Assist.
• Infotainment: The Panamera uses a 12.3-inch center touchscreen with Porsche Communication Management, plus configurable screens around the analog tachometer. It includes wireless Apple CarPlay and Android Auto, SiriusXM 360L, connected services, a Wi-Fi hotspot, a vehicle tracking system, and a wireless smartphone charger.
• Fuel efficiency: The base V6 is rated at 20 mpg in combined driving, and the test vehicle averaged 19.3 mpg on a mountainous route.

Which 2023 Porsche Panamera trim should I buy?

The 2023 Porsche Panamera is offered in 3 trim levels: Panamera, Panamera Executive, and Panamera Sport Turismo.

Here's the short version:

• Panamera: This is the standard body style and the best fit if you want the core Panamera experience without paying for extra length or wagon practicality. It gives you the base twin-turbo V6, rear-wheel drive, and the model’s signature blend of luxury, style, and everyday usability.
• Panamera Executive: Choose this if rear-seat space matters most. The extended-wheelbase layout is the clear pick for buyers who want more passenger room and a more chauffeur-friendly feel.
• Panamera Sport Turismo: This is the one to buy if you want the most cargo-friendly version. The sport wagon body adds extra practicality while keeping the Panamera’s performance-oriented character intact.

The Platinum Edition is the standout value-oriented specification mentioned in the test data, but it is not presented as a separate trim level in the lineup. Safety equipment is strong across the range, and adaptive cruise control is standard for 2023.

Is now a good time to buy a used 2023 Porsche Panamera?

This is a moderate market for selective buyers, so you can shop carefully and still find opportunities.

• Deal availability: 28.5% of listings are priced as good or great deals.
• Inventory: There are 309 listings available.
• Price trend: Prices have softened 8.13% compared with last year.
• Clean inventory: 90.9% of listings are accident-free.

If you find a listing below $82,614, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2023 Porsche Panamera's resale value?

The current average of $82,614 sits slightly below last year's $89,924.

That price movement suggests the market has already adjusted downward, which can help you as a buyer but may pressure future resale if you plan to sell soon. If you buy at the right price now, you may have less depreciation risk than someone who paid closer to last year’s average.

The Panamera’s broad appeal and strong usability should help it stay relevant with shoppers who want a luxury performance car that can still handle daily life. Vehicles with strong owner satisfaction ratings, like this model year's 5/5, tend to retain buyer demand, which supports resale value over time.

Is the 2023 Porsche Panamera safe?

The 2023 Porsche Panamera earns a 5/10 safety score from our experts.

Porsche equips the Panamera Platinum Edition with adaptive cruise control, forward collision warning, automatic emergency braking, lane-departure warning, lane-keeping assist, blind-spot monitoring with lane-change assist, and parking sensors. The available Assistance Package adds a head-up display, a surround-view camera, and Porsche InnoDrive with Traffic Jam Assist.

One caveat is that the lane-departure warning system can struggle to distinguish pavement seams from lane markings. The lane-keeping assist can also intervene abruptly when it decides you are not paying close attention.

Should I buy a 2023 Porsche Panamera or consider a different year?

If you're weighing the 2023 against nearby model years, here's how to think about it:

Choose the 2023 if:

• 28.5% of listings are priced as good or great deals.
• Accident-free inventory is excellent at 90.9% — clean inventory, standard diligence applies.
• Price trend: Prices have softened 8.13% compared with last year.
• Owners rate it 5/5 — a strong satisfaction signal.
• This year’s key update is that adaptive cruise control is standard instead of optional.

The bottom line: If you want a Panamera with strong usability, a broad body-style lineup, and a softer market than last year, the 2023 is the sensible primary choice. If you are especially price-sensitive, you can also use the current market softness to negotiate hard and focus on the cleanest, best-maintained example rather than stretching for a newer year.

These recommendations are based on CarGurus' proprietary market data from September 11, 2026, CarGurus experts' opinions, and generative AI.