might sell it??!!

[dmcutter]

About a month or so ago I test drove an M3 and foolishly toyed with the idea of trading in the Box for it. I took my mint condition '04 S to the Mercedes dealer to see what they would give me. It has 21k miles, optioned out the wazoo, including way pricey KW V3 coilovers. Original sticker was 68 grand. They offered me 23...thought the car was wonderful, but the market sucks right now. They even called around to some import car guys and nobody was interested. They said maybe Carmax could do a little better. I said thanks, keep your M3.

DJ, you won't get near what your car is worth, and you'll miss it every time you go around a sharp curve...keep it!

DJ, the car market sucks right now. You will take a bath on the car.

Your car is very personalized, and will only appeal to a very limited market. The color alone will probably rule-out +95% of Boxster shoppers.

You should keep it, it's a great car, and you had worked very hard on it.

[Topless]

Dj,
Nobody has cash right now. You could probably sell it for 1/2 what it is really worth or advertise it as Trade For... equal value. Your awsome pics should generate some interest. Food for thought.

I have been buying and selling cars since 1971 and I have never seen a market quite like this. Crazy times.

[stephen wilson]

I have a related question. I was planning on buying next winter, but if prices are that low, I might buy now. The question is, will prices be just as low a year from now, due to depreciation (assuming the economy improves)?
Thanks,
Steve

[Kirk]

It's definitely a buyer's market right now. I'm personally keeping my Boxster forever, and ever, and ever... I love the car and have no plans to get rid of it. Now would be the worst time to sell.

If you really want something different, then just buy a different car and keep the Boxster. Who says you have to have one car only??? I keep my Box as a Friday and weekend fun car and then have a daily driver for the slog to work. With the market the way it is I'm looking at upgrading my DD and going to something nicer and newer. It helps that my DD is 21 years old and worth almost nothing, so I'm not really concerned about selling it.

As for future values and depreciation in the future, well that's a total guessing game. As I've been shopping for daily drivers I've been reading some other car forums for expensive, more exotic cars. It's funny to read their archives and how just two years ago folks were saying how their semi-exotic cars could not possibly depreciate anymore. Yet they have by 25% in those two years. Heck I was looking at an MB SLK350 used and saw the prices on those drop by 20% in just the last few months! Nobody really knows what the market is going to do, but right now it looks like it's continuing to go down (car values are going down that is). With no recovery in the economy within sight I imagine they'll continue to go down for now. If we hit a full depression, then car values on pricey semi-exotics and exotics will drop like a rock. Personally I'd hold off a little longer. I think that prices on Ferraris, Porsches, Maseratis, Mercedes, and Audis will continue to go down over the next few months. Highly desirable models like the M3 will hold their value better than Boxsters.

Kirk

[Nineteen89]

Originally Posted by stephen wilson

I have a related question. I was planning on buying next winter, but if prices are that low, I might buy now. The question is, will prices be just as low a year from now, due to depreciation (assuming the economy improves)?
Thanks,
Steve

I am waiting a year, year and a half myself too. We're not anywhere near the upturn of this economy, from all the readings, writings and reserach I've looked into, I'd say we're going to be in the same state we're in now in about a year, assuming we hit our low somehwere in between then, and slowly start to climb back up. If we rebound a little faster, then it works out either way 'cause financial institutions are going to be willing to provide credit for people even more so...

+ the cars will be one year older=lowered price

[blinkwatt]

Good luck selling it. There isn't a market for any car other then a civic or camry right now.

[9eighty6]

dj,

I'll take your wheels/rims if you decide to sell & throw the stockers back on there.

PM me if you decide to go that route.

Good luck either way in your decision.


Josh