The other day we were perusing the internet and came across some cheap Porsches. This intrigued us to dig more and see what Porsche’s could be bought for under $20,000. Therefore, this is what we came up with. This article will cover the top 10 cheapest Porsches money can buy under $20,000 with mileage under 100,000 miles. These prices are based on cars.com, CarGurus, and other vehicle marketplace sites. The used car market value is slowly declining, but we feel at the time of writing this, used vehicle prices are still on the high side. So, we’ll come back and refresh this in a year. For reference, these are used vehicles that can be driven on the road, not pieces of scrap metal after an accident.
What is the Cheapest Porsche?
So, let’s get into it. Coming in at the #1 cheapest Porsches under 100,000 miles, we have the…
1. Porsche 924 (1977): $6,991
The Porsche 924 was first introduced in 1976 and continued to be produced until 1988. During its 12-year production, there were four main trims featured: 924 Turbo, 924 Carerra GT, 924 Carerra GTR, and the 942S. It featured a VW NA EA381, VW Turbo EA381, and a 2.5L engine with a 4-speed or 5-speed manual transmission. For the one listed above, going for $6,991, there are 55,217 miles, and is actually in decent shape given it being 40+ years old.
2. Porsche Boxster (1997-2004): $9,589 – $19,998
The Porsche Boxster was first introduced in 1996 and is still in production today. The first generation, or commonly referred to as the 986 Boxster, was produced from 1996 – 2004. The 986 Boxster featured three different engines: 2.5L M96, 2.7L M96, and a 3.2L M96 in the Boxster S models. The reason for such a wide range of price is predominantly due to mileage and model year. For example, the one going for $9,589 has 69,000 miles and is a 1999 model year. While the one listed for $19,998 has 52,560 miles and is a 2002 model year. Both are in similar good shape. It is worth noting that there are MANY of these for sale on the used market.
3. Porsche 944 (1983-1987): $10,000 – $17,900
The Porsche 944 was first released in 1982 and was produced until 1991. It featured three different trims: 944 base, 944 Turbo, and a 944 S. The Porsche 944 came with four different engine options depending on the trim: a 2.5L, a 2.5L Turbo, a 2.7L, and a 3.0L. The one listed for $10,000 is a 1984 model year with 69,513 miles and comes equipped with a NA 2.5L engine. While the one listed for $17,900 is a 1987 model year with 99,121 miles also equipped with a NA 2.5L engine. The latter seems to be in slightly better shape. If you are looking for a decent reliable old looking Porsche, the 944 is a great option.
4. Porsche Cayenne (2004-2008): $10,249 – $18,790
The Porsche Cayenne was first introduced in 2002 and is still in production today because of its increasing popularity. The first generation Cayenne, also referred to as the 955/957 Cayenne, was produced from 2002-2008. There were many trims offered on the 955/957 Cayenne: Base, S, GTS, Turbo, Turbo S, and diesel. It also came with plenty of engine options: a Vr6, multiple V8’s, twin-turbo V8, and a turbo diesel V6. The one listed for $10,249 is a base 2004 model year with 70,689 miles and comes equipped with a 3.2L V6 engine. While the one listed for $18,790 is an “S” 2004 model year with 73,948 miles equipped with a 4.5L V8 engine. Both are in great shape if you’re looking for an older Porsche SUV, the 955/957 Cayenne is a great option.
5. Porsche 928 S (1983): $10,750
The Porsche 928 was first introduced in 1978 and produced until 1995. It was meant to replace the infamous 911, but it didn’t have as much buying pressure as Porsche execs expected. In total, there were 61,000 928’s produced globally. Like many other Porsches, it featured many trims: base 928, 928 Competition, 928 S, 928 S4, 928 CS, 928 GT, and 928 GTS. It also came with many different engines: 4.5L, 4.7L, 5.0L, and a 5.4L. The 928 S that is listed for $10,750 is a 1983 model year with 89,988 miles and comes equipped with a manual 4.7L V8. Honestly, it isn’t in the best shape aesthetically, but could be a fun project at just above $10,000.
6. Porsche 911 Carrera Cabriolet/Convertible (1999): $13,750
The 911 is a staple vehicle for the Porsche franchise. It was first introduced in 1964 and is still in production today. The 1,000,000th 911 was produced in 2017, just to give a gauge of how popular the 911 is. The specific 911 Carrera listed above is a 996 generation (1999-2005) . It is in great shape for a vehicle that is 23 years old. It comes with a NA 3.4L flat-six engine that puts out 304hp with 93,285 miles. Although it is on the high side of mileage, the 996 911’s are nostalgic for us.
7. Porsche 924 S/Turbo (1987): $12,999 – $15,900
For the next three, we won’t repeat the history from above, so the 924 S’ and 924 Turbo listed are a step above from the base 924, which explains the 100% or more price increase. There are 2 924 S’ listed ($12,999 and $13,999). Both have the 2.5L engine that puts out 148hp with an average mileage of 50,863. Lastly, the 924 Turbo is in good shape and is listed for $15,900. It comes equipped with a Turbo VW EA831 that puts out 170 hp with a mileage of 65,875. Another very solid option for those looking for a fun old project Porsche.
8. Porsche Cayenne (2009-2012): $14,495 – $19,995
The Porsche Cayenne’s second generation, or commonly referred to as the 958 Cayenne, was produced from 2009 – 2016. In the pricing range above, there are 18 different Cayenne’s to choose from. So, there are many options to choose from for a Porsche SUV that is only a decade and some change old. The 958 Cayenne featured many different trims: base, S, Hybrid, GTS, Turbo, Turbo S, Diesel, and S Diesel. The cheapest 958 Cayenne ($14,495) is a base 2009 Cayenne with 98,239 miles and comes with a 3.6L V6 engine. The most expensive 958 Cayenne ($19,995) is a 2011 Cayenne S with 93,250 miles and comes with a 4.8L V8 engine.
9. Porsche Boxster (2005-2011): $15,995 – $19,999
The second generation, or commonly referred to as the 987, Boxster was first introduced in 2005 and was produced until 2012. There were two different versions of the 987: 987.1 (2005-2008) & 987.2 (2009-2012). Like the 958 Cayenne, there are many different choices to choose from, 22 to be exact. The cheapest Porsche 987 Boxster ($14,795) is a 2005 Boxster S with 89,645 miles and comes with a 3.2L flat-six engine. The most expensive 987 Boxster ($19,999) is surprisingly a 2005 Base Boxster with 61,029 miles and comes with a 2.7L flat-six engine.
10. Porsche Cayman (2007-2008): $17,991 – $19,999
Lastly, the most expensive Porsche under $20,000 is a variety of 987 Cayman’s. The Cayman was first introduced in 2005 and is still in production today. The 987, or first generation, ran from 2005-2012. There are many different trims that are offered: base, T, S, GTS 4.0, GT4, and more. There are 4 used Cayman’s within the price range above, but we will only be covering the cheapest and most expensive. The cheapest Porsche 987 Cayman ($17,991) is a 2008 Base Cayman with 94,222 miles and comes with a 2.7L flat-six engine. The most expensive 987 Cayman ($19,999) is also a 2008 Base Cayman with 91,060 miles and comes with a 2.7L flat-six engine.
Cheapest Porsche Conclusion
Needless to say, there are still a lot of options out there on the used market for cheaper Porsche’s under $20,000. In fact on cars.com, there were a total of 205 Porsche’s under $20,000 and under 100,000 miles. We would likely favor the older 924’s, 928’s, or 944’s just because those are more unique. However, since some of them are going on 4+ decades old, they would likely be projects. We hope this article provided some insight into what kinds of Porsche’s are out there on the used market under $20,000. To summarize, the cheapest Porsche is a 1977 924 and the “most expensive” used Porsche (under $20,000) is a 2008 Porsche Cayman. We’ll be the first to tell you that you won’t be finding a new 2022 or 2023 under $20,000. The “cheapest” 2023 Porsche model is 3x $20,000, the 718 Porsche Cayman starts at $63,400.