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Current stock sits at the end of the first-generation run, just before the completely redesigned second generation arrived in 2017 with a stiffer body and a modern cabin. Treat a first-generation car and a newer second-generation example as different vehicles, not two points on the same value curve.
The BMW 540 is worth cross-shopping directly, reporting no mechanical faults against the 26% we would expect for large sedans of this age. The BMW 530 is cheaper and shows less prior body or panel repair than expected, at 52% against 64%. The BMW 520 is similar money and reports fewer mechanical faults than expected too, at 8% against the 17% we would expect for this class.
The Panameras we inspect here run a median of around 95,000 km, unremarkable for a large luxury sedan of this age used for regular driving rather than parked.
The CarSwitch inspection report on each Panamera covers all of this, so the car's condition is documented rather than assumed from its age.