Porsche depreciation can be rather savage. I was comparing numbers for a lease on 2010 Cayenne GTS v. 2010 BMW BMW 5GT with TT V8 (in its 1st model year). Same cap cost; same mileage allowance; same length of contract. Neither party disclosed the money factor, though I don't reckon it differs wildly. Anyhow, by my calculation the Porsche will end up costing - gasp - $17K more ! That would be without BMW "free" maintenance factored in, btw. As far as Panamera goes, the extrerior is fairly tolerable in real life. The optional Burmester sound system is said to be nucking futs If you have to worry about depreciation, you're obviously not Porsche material. Smalltimer.