result of PPI FOR BUYING 1997 WITH 30K MILES PART 2 please help! - 986 Forum - The Community for Porsche Boxster & Cayman Owners

Lil bastard · 11-16-2009, 08:16 PM

$10.5k for a '97 in ANY condition is a rip-off - keep searching!

ART07154 · 11-16-2009, 09:12 PM

Quote:

Originally Posted by Lil bastard

$10.5k for a '97 in ANY condition is a rip-off - keep searching!

I know it's not a steal but i think it's a fair deal for 30k miles good condition???

eightsandaces · 11-17-2009, 01:56 AM

Condition and care mean everything, there is no way I'd sell my 98 for 10.5 unless it was critical to winning the national "economic survivor outlast" game. I think it's a fair price for a vehicle never in an accident. The key to whether that is true doesn't lie in a carfax report. IMO, I'd locate any bent wheels, (any tire shop can do it) and then inspect carefully the corners said tires occupied. If someone got too hot in a corner, they could have repaired what they thought was minor damage to the body, without addressing the wheels and alignment. Could just as easily be the result of a pot hole or an under-inflated tire as well so I'm not saying in any way not to buy, just to be savvy and know exactly what you are purchasing, good luck!

idheaton · 11-17-2009, 04:31 AM

Did you check NADA or KBB?

Doing a quick KBB in my area pulls price ranges tops for for a '97 w/ 30k @

$8625 - excellent
$8050 - good - which this one imo falls into with the issues that need to be addressed
$7325 - fair condition.

At the price you haggled it down to you are paying full retail for an 'excellent' example which this is not.

I'd either keep shopping or check kbb and nada, print the results out and go back to the seller and renegotiate the price if you really have you heart set on this car.

I did not check any additional options other than what was checked by default so you are better off checking yourself as there are a few extra options that would push the car to the 9-10K range but that is still for an excellent example so you would still have some haggle room.

I'd also go down the bad list and figure out what I could fix myself and what I would have to have fixed and how much it would all cost me to and take all of that into consideration of the overall price as a factor as well.

eightsandaces · 11-17-2009, 04:37 AM

Wow those figures are sobering, I hope I'm alive and financially solvent when the PDK units suffer the same dip.

Samson · 11-17-2009, 04:49 AM

Quote:

Originally Posted by idheaton

Did you check NADA or KBB?

The pricing on those types of websites are just loose guidelines, and not really worth much in the real world.

To see what a '97 Boxster is really selling for, do a search on Autotrader. In a 500 mile radius of me, the average price is $11,986 for private party sales. This is how I priced a recently sold car, and it was a good grand or two above the KBB quote.

ART07154 · 11-17-2009, 07:07 AM

Quote:

Originally Posted by idheaton

Did you check NADA or KBB?

Doing a quick KBB in my area pulls price ranges tops for for a '97 w/ 30k @

$8625 - excellent
$8050 - good - which this one imo falls into with the issues that need to be addressed
$7325 - fair condition.

At the price you haggled it down to you are paying full retail for an 'excellent' example which this is not.

I'd either keep shopping or check kbb and nada, print the results out and go back to the seller and renegotiate the price if you really have you heart set on this car.

I did not check any additional options other than what was checked by default so you are better off checking yourself as there are a few extra options that would push the car to the 9-10K range but that is still for an excellent example so you would still have some haggle room.

I'd also go down the bad list and figure out what I could fix myself and what I would have to have fixed and how much it would all cost me to and take all of that into consideration of the overall price as a factor as well.

I did checked KBB and Edmunds with options and miles private party=9,600,Dealer retail10,800.but I search 500 miles from where I live most of the boxster under $11,000 have almost 75k miles and up?I think is a fair price and I don't want to spend more than $11,000 for weekend vehicle.

eightsandaces · 11-17-2009, 07:12 AM

Options should effect the prices as well, like PASM or litronics.

Lil bastard · 11-17-2009, 07:21 AM

Quote:

Originally Posted by ART07154

I did checked KBB and Edmunds with options and miles private party=9,600,Dealer retail10,800.but I search 500 miles from where I live most of the boxster under $11,000 have almost 75k miles and up?I think is a fair price and I don't want to spend more than $11,000 for weekend vehicle.

I still believe that it's too high. It's fall and drop top prices fall along with it in the snowbelt.

Also. Private sales always are priced higher than they should be (people ALWAYS think their car is worth more than it actually is. A '97 s/b at the bottom of it's depreciation curve but at $10.5 you'll take a hit as soon as next spring if you have to sell it.

I'd renegotiate - It's your money and you do not have to buy the car. Get the retail cost of correcting the defficiencies and pull them off your $10.5 offer. If the seller walks, he walks. If that happens, call him back in a couple weeks as he'll have likely softened by then.

Don't fall in love with one car, esp. a Boxster - there are so many of them around. If it takes a few more months, the wait will be worth it in the end.

jhandy · 11-17-2009, 08:04 AM

The price is a little high with the worry of what the slight vibration at high speed is.
I have spent 1000$+ tracking down my "slight vibration".

it could be:
rims, berings, rotors, unbalanced tires, struts, or sterring rack.

I would have them fix this slight vibration, or knock 2K off the price.
everything aside from the tire balance is a @500-1000$ replacement.

There are many boxsters with NO problems for sale at close to that price.

Gougoushu · 11-17-2009, 10:41 AM

Quote:

Originally Posted by Lil bastard

... Private sales always are priced higher than they should be (people ALWAYS think their car is worth more than it actually is.

lil bastard is right that people overvalue their cars. But that doesn't mean the seller will be willing to part with his car for a true market price. Just because a seller "should" move, as Mike Yi is suggesting, doesn't mean he WILL.

A search for "Boxster" cars on ebay illustrates this truth better than our discussion could. If you look at "completed listings" for Boxsters on ebay, you will see that about 95% of the cars listed have failed to sell because buyers were not willing to pay the minimum [called the "reserve" price] that sellers want. Almost all completed sales [about 5% of all listings] are no-reserve listings [i.e. a desperate seller].

Ebay gives the best picture of the national market, because it shows actual sales: where willingness to sell intersects with willingness to buy. I reckon that the presence of ebay fees, car transport costs, and the buyer's inability to inspect the car [all tending to lower the price] are balanced by the presence of a large base of potential customers [tending to raise the price].

If you look at these completed listings [which requires that you register on ebay], you will have a really good idea of the actual market, and whether you would be able to unload the car if necessary in the near future.