Boxster depreciation?

[yellowboxster01]

Originally Posted by Perfectlap

I don't think the Boxster is different than any other Porsche.
Its simple economics, supply and demmand. Porsche has produced more cars in the last 7 years then they have at any point in their history. I've seen MINT condition 2002 911 Turbo's selling in the mid $50K's , a depreciation skirting the 50% mark after less than five years...crazy, that was considered an exotic at one point and now $50K won't buy you a CaymanS, and X5 or a lemon Mercedes.

You are so correct, some pca members and I were talking out at the local track the other day about the depriciation of the 996T. there was a guy that bought a new cayman s for $60K off the lot with 2xx something miles on it and a guy would just bought an 01' turbo with 10,xxx miles on it for $70K. who's getting more bang for the buck, it just doesn't make sense to buy new nowdays or really ever in my opinion. i'd rather get a gently used porsche at a 50% discount than a brand new one at more than msrp.

[blinkwatt]

Hopefully as w/ ALL(except the 924) Porsches,the Boxster will hit a point where it levels out and still holds value,look at old 928s,924s,914s and 911s.

[MNBoxster]

Hi,

In 30 years buying and selling Sports Cars, I've never bought new (though I almost always could have). I've usually bought a 2-3 year old model in as new condition and mileage, and drove a hard bargain on the Purchase price.

Over some 30+ cars, averaging 2-5 years ownership, I have always sold them for more than I paid.

The key is to buy smart - keep your objectivity in the forefront and your emotions in the rear. If you can't make the deal on the car in front of you, rest assured that there's another one just like it, just around the corner. Do your math and stick to it.

I bought my '99 Boxster 2 yrs. ago with 17k on the odo for $17k (asking $24). Given the fast depreciation, this may be the first car I actually lose money on. Whatever.

The key is not how much it holds it's value, but rather, how much under the current value that you can acquire it for...

Happy Motoring!... Jim'99

[TriGem2k]

Last I checked you don't buy cars hoping to make money on them after years of ownership.

[MNBoxster]

Originally Posted by TriGem2k

Last I checked you don't buy cars hoping to make money on them after years of ownership.

Hi,

I do... and have...

Happy Motoring!... Jim'99

[Brucelee]

You COULD do some quick analysis on this if it makes sense.

There are data on the web for MSRP for most cars and there is KBB.

Taking the same data points for a comparable car, say a Corvette, Z4 etc. you could take a particular set of years and calculate the percentage drop over time for each car.

Interesting, maybe I will try it.

Subjectively, the Box would do worse than say, an M3 but that is just a guess.

[1JB]

The depreciation on a new Porshce is no worse than any other comparable car but please show me a comparable car. BMW's aren't comparable. I'm not saying they're better or worse they're just not a Porsche in any sense of looks, driving, etc. Mercedes are not comparable, Audis, and so on. All of the luxury sport cars depreciate, but they're each in a unique market as well. The biggest depreciation comes from the Porsche options. They don't provide any return at resale. None, zip, zero, nada. Some are a liability at resale, pccb, pasm and pcm likely candidates for costly failures with pccb being the worst.

If you're going to buy new get a car lightly optioned with the options buyers expect at this price level: halogens, climate control, top of the line sound sytem with a cd changer. Also look to a minor change within the same platform. I looked at used 986s and found a significant difference between the 987 and 986. I love the 986 but liked the 987 and potential increased reliabity, rms for example, much better. Buying a 987s at the end of '06 when Porsche announced the 3.4 for '07 was a good time to do so. There was a lot of hype of 15 more hp and vario cam plus which is really a big yawn unless you're Speed Racer at the track. I got mine for 15% below msrp. Now it's depreciated 30% but that's from msrp. A neighbor waited and got an '07 for list. He can't go any faster than me down the drive to work even if there are no cars on the road because you can only get 80% out of the cars performance on the street at best. Don't ever pay msrp. That means you need to be patient and time your purchase when the market is soft.

The used 911's that were in the same price range as the new 987s were completely different beasts. They just weren't my cup of tea and being out of warranty the potential maintenance costs were a real concern. I keep my cars for a long time and get my money's worth out of them. I'll seriously consider a RUF upgrade when the '06 is out of warranty. That'll be the bomb.

So it's a matter of choice and common sense. If an '02 turbo melts your butter go for it. You'll get a heck of a deal but not necessarily more bang for the buck of a new 987. If you want brand new, popular and highly optioned be prepared to take a bath on depreciation. The Cayman S when it came out is a very good example. They were selling at or above msrp when they first came out and the dealers brought in a few with options that put them well over $70k US. If you can't pick up a Cayman S for 15% below msrp right now you're in a completely different market than I am in the NE US.

[r9i8c7k]

Originally Posted by MNBoxster

Hi,

In 30 years buying and selling Sports Cars, I've never bought new (though I almost always could have). I've usually bought a 2-3 year old model in as new condition and mileage, and drove a hard bargain on the Purchase price.

Over some 30+ cars, averaging 2-5 years ownership, I have always sold them for more than I paid.

The key is to buy smart - keep your objectivity in the forefront and your emotions in the rear. If you can't make the deal on the car in front of you, rest assured that there's another one just like it, just around the corner. Do your math and stick to it.

I bought my '99 Boxster 2 yrs. ago with 17k on the odo for $17k (asking $24). Given the fast depreciation, this may be the first car I actually lose money on. Whatever.

The key is not how much it holds it's value, but rather, how much under the current value that you can acquire it for...

Happy Motoring!... Jim'99

You make very good points...I don't always have the patience I should but my good friend does. He was looking for a used '05 Infiniti FX that were going for $40K at the time. He searched for about 6 months and got exactly what he was looking for $31K. He is ready to sell and he'll probably get $30K.

[Where's my car?]

WOuld yOu guys like my to make you a different porsche spinning logo???

[Darkhamr]

Originally Posted by Where's my car?

WOuld yOu guys like my to make you a different porsche spinning logo???

Sure if you are game. I actually never meant to use that on this site as it's PL's anyway. I thiefed it for my sig on other sites.

[teacher]

I just wanted to add that timing is everything when considering buying a preowned Porsche...Porsche's value decreases exponentially in the first few years, but seem to level off over time...consider my car: I bought my 2001 Boxster, base model with 41000 miles on it for $26,000 and the asking price was $30K. It had one major flaw (to me) which was a crinkled plastic window (indentations) but I figured I would eventually get a new top anyway...plus it was still under Porsche warranty, so when I bought it they did about $2800 worth of work for free... Also, Porsche's depreciation does tend to level off after the first 3 years...my car is still worth $20,000 at least, in it's good condition.
But getting back to the point, it's always best to buy a car on the last day of the month and one hour before closing...at this time, dealers are falling all over themselves to make the sale to increase their sales volume for the month...so if ever one is in the market for a Porsche, that is the time to buy. One other thing I noticed is that it's best to buy a slightly used Porsche from another dealer who have no great fondness for a car that is not their own, so they don't have a problem unloading it at a good price (unlike Porsche, who are clearly biased, in my opinion, because it is their car after all)