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Originally Posted by Johnny Danger
For those of you who might be in the market for a boxster, a brief search on Autotrader and Cars.Com today, yielded numerous 986's with less than 20k on the odometer (in some cases with less than 15K or 10k) that were selling for "peanuts" compared to their original sticker price. On the assumption that these vehicles were well cared for, it looks like there are some incredible deals out there.
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This is old news and the same for many so called high end cars. Have you seen what's happened to Ferrari 360 prices, for example?
Since the stock market took a crap back in late '08 prices have been on a steady slide down, helped along nicely by rising unemployment. Many of the people who would be buying a 986/996/987 as a 3rd car or weekend toy have been out of the market, and others who want a daily driver are scared off by high maintenance cost and IMS phobia; that leaves true enthusiasts like us who are willing to engage in some DIY to keep maintenance and repair costs manageable and can deal with the IMS risk.
Let's face it, many people's new found fiscal conservatism, focus on necessities, and efforts to at least appear as though they're eschewing conspicuous consumption isn't compatible with P-car ownership. (Yes, I believe it's all BS.) I think the best owners who anticipate selling in the next couple of years can hope for is for prices to bottom out when the economy makes a strongly positive turn.