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Originally Posted by Perfectlap
Ebay is not very accurate in terms of gauging car values but they're there if you want to buy them at relatively 'fair market' values and many auctions for Porsches are getting fewer and fewer bids. I check these almost daily because I'm shopping for a C4 winter beater. The starting list prices are dipping fast.
When cars do sell I've noticed some crazy bargains recently.
I'm thinking the economic slow down and the mortgage mess is pushing many sellers to accept very low offers.
A depreciating assett in a tight credit market is a double whammy.
p.s.
The 02 tip has 4 bidders north of $26K. That sounds very healthy.
Mileage is going to the make or break. Another reason I want to quit driving my car year round. I only drive the thing on weekends as it is.
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The problem with EBAY is that when a car "sells" it often does not sell, ie the deal falls through. Hence, the actual selling price may end up being lower, ie when the seller relists it later in the month etc.
Moreover, sellers often renegotiate the SP if you arrive and the car is a turd.
So, take EBAY data with a grain of salt.
