Price for CPO 2005 Boxster S? - 986 Forum - The Community for Porsche Boxster & Cayman Owners

Boxtaboy · 04-01-2010, 07:08 AM

There was a guy in the PPBB.com forum trying to sell his low mile Seal Grey 05S not long ago. He was asking for $32k. I met the guy years back at a LI Concours event (pic below with his car to the right of mine). It's got a tan full leather interior and has the factory NAV unit. He services it only at the dealer, and is the original owner. Go on PPBB.com and send him a PM. Maybe he still has it for sale. His handle on ppbb is porscheguy.

John Y · 04-01-2010, 08:30 AM

Thanks for the tip! I sent him a PM...

Boxtaboy · 04-01-2010, 08:42 AM

No problem. I know he's not had any problems with his car, and no accidents, so I think it would be a nice example if you pick it up. He's just worried about all these stories of IMS failure, even though he's never had any mechanical issues on the car. Good luck!

gschotland · 04-01-2010, 01:37 PM

KBB trade in "excellent" is $23.7, which probably more than they give for it in trade. Private Party "excellent" is $26.5k. You should certainly be able to get to $27k. This is now a 5 yr old car.

To me CPO isn't worth anywhere near +$3k. The chances of you coming out ahead on that with such low mileage aren't high, but if it gives you that much comfort go for it.

Let us know how you make out.

tango131 · 04-01-2010, 02:42 PM

good luck on your search. I was in similar shoes for the past 3-4 weeks, looking for an 06-07 S for about $35K (btw, according to folks here, the 06-07 are jsut better cars with much better reliability). found just 3 examples that fit my bill in auto trader and cars.com. as of yesterday, they were still there (2 private parties, one dealer) Stats and descriptions as I recall from memory):

private party; new palestine, IN (06 S, silver/black, 8k miles, CPO until March 2013, 19 inch sport design wheels, sport chrono, ~asking $38k, will let go for less). car looked pristine, as new. great guy too, we exchanged a few emails. this was my # 1 choice. send me a PM and I can send you pics and link you guys up by email (I don't know the guy, just offering to help...I know the agony of the search).

another in Nashua, NH: 06 S, red/black, ~20k miles with 20k serivce performed, asking ~$34k. car also looked pristine. great guy too. he had a buyer coming in this weekend, so it might be gone after tomorrow. same comment as above.

another in indianapolis, IN (listed under circlecar.com, but apparently selling for his uncle): 06 S, silver/grey; loaded options, pasm, sport chrono, etc., ~8k mi, ~$34K. Car also looked pristine in pics. Just talked on the phone.

I stopped looking when last night, minutes before the 3/31 offer on new cars expired, I picked up a new 2010 box S silver/black for a deal that I could not pass up. it has 9 miles in the odo. OMG, what a car. I still can't believe it. I'll post pics under a formal introduction once I find my camera. My first porsche...

good luck!

jcb986 · 04-01-2010, 04:46 PM

5 year car is a cash buy. Mine is a one owner 2000 S and I gave $15,700 for it. I have the sticker which had a selling price just under $70K. It's pictured here in my post.

John Y · 04-01-2010, 05:54 PM

Quote:

Originally Posted by tango131

good luck on your search. I was in similar shoes for the past 3-4 weeks, looking for an 06-07 S for about $35K (btw, according to folks here, the 06-07 are jsut better cars with much better reliability). found just 3 examples that fit my bill in auto trader and cars.com. as of yesterday, they were still there (2 private parties, one dealer) Stats and descriptions as I recall from memory):

good luck!

Thanks, and congrats on your new one! I had 18, short months that were completely trouble-free on my 07, so I can only hope this one, whichever it ends up being, will be as good. I was looking closely at the red car in NH - very nice, although red isn't high on my list; one of the others is stone grey and I want either sand beige or black, the other has 19s and I would probably have to unload and replace them with 18s right away - 19s are a non-starter for me in NYC, especially on a roadster. I really am leaning towards a CPO car, though; the piece of mind is worth it to me. One exception might have been the Silver 06 S on the same search list you generated, at Weissach Auto Haus in my area. I drove it, and the car is every bit as pristine as it sounds and looks. But he is talking as though he might not be that flexible below 37, and that's only with his 6-month warranty.

gschotland · 04-01-2010, 08:45 PM

Keep in mind that asking prices vary an awful lot from from what cars actually change hands for. You'll pay absolute top dollar from a dealer and then CPO is icing on the cake - for him. Every low mileage Boxster (private) owner thinks his/her car is the best out there and worth far more anyone else's. Prices are literally all over the place (nothing new), but the bottom line is it's a buyer's market - big time. Don't let anyone convince you otherwise.

When my brother was looking for an '02S (now mine) in '06, we researched prices quite a bit through various sources including eBay and Manheim Auction in PA. At that time we found KBB.com's trade in values to be spot on for what he eventually paid at Manheim ($23.4k + 5% used car dealer's fee). And when his wife made him sell last October (baby on the way), I again did a lot of research through eBay other sources before we settled on a fair price for both of us ($16k). And as I continued to follow prices a few months after that I felt even more sure that I'd paid FMV.

Not a lot of cars are actually sold through eBay, but where the bidding stops and where there were no bids at seemingly reasonable starting prices, these are very telling regarding fair market value. For example, there's a red '05 S w/9.9k mi CPO from Suncoast Porsche in FL that got no bids at a starting price of $27,880, and for an '07 S w/16.5k CPO from Porsche of Naples, FL bidding stopped at $30,975 (no sale). Research closed auctions over the course of a few weeks and you'll see a pattern. Sure, options have an effect on value, but not that much unless the car's really loaded with 15-20k of options. With the common options you're talking about, there are loads of low mileage choices well into the $20s. If your budget is higher, go for the newer car with some warranty left.

BTW, this is where I got the trade in and private party values quoted in my previous post:

http://www.kbb.com/used-cars

Take a deep breath, relax, try to put your emotions aside (yes, it's hard) and take your time shopping. You're in the driver's seat. Your attitude should be "there's always another car around the corner" and there are plenty of motivated sellers around, both absolutely true.

John Y · 04-01-2010, 05:39 PM

Quote:

Originally Posted by gschotland

KBB trade in "excellent" is $23.7, which probably more than they give for it in trade. Private Party "excellent" is $26.5k. You should certainly be able to get to $27k. This is now a 5 yr old car.

To me CPO isn't worth anywhere near +$3k. The chances of you coming out ahead on that with such low mileage aren't high, but if it gives you that much comfort go for it.

Let us know how you make out.

KBB's CPO value for an 'excellent' 2005 S with the correct mileage (9500) and after adding in the Bose and front side airbags is $32,225, so I'm not sure how you calculated that?

Also, Edmunds is 33K, and NADA guides is 33.8K - would be interesting to know how they respectively collect their data.

I will definitely be posting once I have one again

...will be taking a second look at the S this weekend, as well as a CPO 06 non-S. Seems to me the CPO warranty, if it is about a 3K difference, could pay for itself in one shot considering that this is a Porsche! The piece of mind is certainly worth something to me, even if it isn't 3K. Especially on a car with very low miles, where potential problems may not have manifested or had a chance to develop.