986 Forum - The Community for Porsche Boxster & Cayman Owners - View Single Post

Perfectlap · 02-06-2014, 08:00 AM

Yes the condition of "my Porsche is worth 30% more than the market will pay" is a well known affliction. The merits of the car are not nearly as important as the equivalent supply of similar, or somewhat similar Porsches. And the market is up to its eyeballs in water-cooled Porsches. If you need a Porsche in a day, you'll have absolutely no problem finding a well looked after, low mileage example just sitting pretty waiting for an offer to buy. If the average owner is in a hurry to sell a Porsche, they'll be lucky to get what they think their own car is worth. Frankly as long as the car is not a daily driver, I think you can make a good argument that selling a low mileage Porsche that's been paid off long ago is a better value than looking for another sports car of equivalent value... meaning if you're only selling to get into another sports car without kicking in more money, its not worth selling.

KBB? Terrible. For starters Boxster prices vary greatly by market.

Most importantly, the condition of individual Boxster rarely account for needed repairs and maintenance. So KBB is almost irrelevant to the buyer since they still have to sit down and compare what has been fixed vs. what typically goes on the Porsche at around that mileage. Case in point, my suspension overhaul with new rotors and water pump at less than 90K miles easily cost half of the market value for the whole car. And those are all fairly typical repairs at 70-100K miles.

KBB is simply a starting point from which you start subtracting (or adding) the repairs the owner has done. As they say, the cost of repairs do not scale down with time.

To potential buyers readign this: you want to know my advice after a decade plus of Porsche ownership? In after 20K miles and out by 50K miles and move onto the next Porsche.
Don't buy from a dealer unless they're giving you something a private seller isn't. Make sure the car has had oil changes every 7-12 months with records to show this. Make sure the rear tires aren't worn, Boxster-worthy tires can easily cost a $1k.

02-06-2014, 08:00 AM	#12
Perfectlap Registered User Join Date: Nov 2004 Location: New Jersey Posts: 8,709	Yes the condition of "my Porsche is worth 30% more than the market will pay" is a well known affliction. The merits of the car are not nearly as important as the equivalent supply of similar, or somewhat similar Porsches. And the market is up to its eyeballs in water-cooled Porsches. If you need a Porsche in a day, you'll have absolutely no problem finding a well looked after, low mileage example just sitting pretty waiting for an offer to buy. If the average owner is in a hurry to sell a Porsche, they'll be lucky to get what they think their own car is worth. Frankly as long as the car is not a daily driver, I think you can make a good argument that selling a low mileage Porsche that's been paid off long ago is a better value than looking for another sports car of equivalent value... meaning if you're only selling to get into another sports car without kicking in more money, its not worth selling. KBB? Terrible. For starters Boxster prices vary greatly by market. Most importantly, the condition of individual Boxster rarely account for needed repairs and maintenance. So KBB is almost irrelevant to the buyer since they still have to sit down and compare what has been fixed vs. what typically goes on the Porsche at around that mileage. Case in point, my suspension overhaul with new rotors and water pump at less than 90K miles easily cost half of the market value for the whole car. And those are all fairly typical repairs at 70-100K miles. KBB is simply a starting point from which you start subtracting (or adding) the repairs the owner has done. As they say, the cost of repairs do not scale down with time. To potential buyers readign this: you want to know my advice after a decade plus of Porsche ownership? In after 20K miles and out by 50K miles and move onto the next Porsche. Don't buy from a dealer unless they're giving you something a private seller isn't. Make sure the car has had oil changes every 7-12 months with records to show this. Make sure the rear tires aren't worn, Boxster-worthy tires can easily cost a $1k. __________________ GT3 Recaro Seats - Boxster Red GT3 Aero / Carrera 18" 5 spoke / Potenza RE-11 Fabspeed Headers & Noise Maker BORN: March 2000 - FINLAND IMS#1 REPLACED: April 2010 - NEW JERSEY -- LNE DUAL ROW Last edited by Perfectlap; 02-06-2014 at 08:20 AM.