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Old 08-18-2011, 05:43 PM   #1
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Is this a good price on an S?

I'm new to Boxsters and this will be my first purchase. Found a dealer-for sale 2002 Boxster S black on black with 18" wheels premium chrome wheels, sports package with 26,700 miles going for $24,325. Talked the dealer down to $20,600. My question: is this a good deal? I'm already over budget after taxes and I'm trying to get the best deal, but I'm getting emotionally attached to the car now. Test drove it and everything is like new. My original budget was 19K, but am I being realistic about a 2001-2003 S with low miles for that price.

Advice please as it is on hold for me until this weekend.

Thanks

Scott

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Old 08-18-2011, 05:46 PM   #2
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I can't speak for Maryland but to me that is a little too high. Unless, of course, it comes with warranty/CPO. You can pick them up in California for far less than that, or even here.
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Old 08-18-2011, 06:14 PM   #3
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It is fairly expensive, even in great condition. I'd try and get another few k off that.
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Old 08-18-2011, 07:18 PM   #4
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Quote:
Originally Posted by scottnh1970
Talked the dealer down to $20,600. My question: is this a good deal?

The 2002 (and 1/2) Boxster S had the Xenon headlights as standard equipment (earlier 2002's did not). PSM is a nice option.

With both of those options, windscreens, newer tires and proof of proper service history I would be looking to spend in the high teens...But, your really not that far off so your getting an OK deal.

Also, get it inspected before you buy. The Boxster can be a reliable car, but it has some known weak spots. Get someone who knows what to look for evaluate your purchase.






Quote:
Originally Posted by scottnh1970
I'm getting emotionally attached to the car now.
Sounds like your buying it...





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Old 08-18-2011, 07:20 PM   #5
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That doesn't seem far from being a good price. It has really nice low mileage. Get a PPI (pre-purschage inspection) and see if it needs any work, that might help with price negotiations. I know in Charlotte last fall when I got my 2000 'S' if there had been a 2002 'S' for less then $20k with low mileage it would have sold pretty fast.

Let them know you had a budget and set amount...then wait a couple days and they'll probably call you.
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Old 08-18-2011, 07:20 PM   #6
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Those wheels look like a nice upgrade
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Old 08-18-2011, 07:32 PM   #7
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So you think something might be wrong with it?

Forgot to mention it has a carfax on it and had 4 owners with a good history of service—for what there was with 26k on it. Was originally a corporate car with 2k a year on it. The other 3 owners ranged 4-6k on it between them. Do I need to do an independent PPI since its a dealer sale? It's a well known dealer in PA. Both KKB listed it around 26k and Nada at 20K.

I originally offered $19,000 on it but only got them to $20,600. Not sure if they are going to go any lower (from $22,000). I haven't seen any dealer or private under 30k mileage on a 02-03 S going for under $18,000 around the east coast.

At the dealers current price, I'll be paying $22,000 after all is done (taxes, etc.)—$3,000 over my budget—I'm open to anymore advice. Pass because there will be another close to this one or bit the bullet.

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Old 08-18-2011, 07:51 PM   #8
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Sorry for my ignorance—what is PSM?

Quote:
Originally Posted by fatmike
PSM is a nice option.
/


Quote:
Originally Posted by fatmike

Sounds like your buying it...
/
I'm trying not to make an emotional purchase—but common sense is leaning to yes.
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Old 08-18-2011, 07:53 PM   #9
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Don't think anything is wrong, but from all the listening and reading I have done getting a PPI from an Indy makes sense. I wish I had but I also go lucky and got a good car.

How long have you been looking? If this one doesn't work out there will be others. Have you watched the 'Classifieds' on this forum for a while. Members offer great prices and almost all the time they are well cared for cars that you can't`` go wrong buying. Some even have the RMS/IMS/Clutch all fixed. I'd even pay extra in many cases for a car from another forum member. Not saying they are all perfect but some really nice ones pass through.

How much will you drive the car. If you don't mind going between 45 and 65k miles you can save a lot...and if you won't be driving it a ton it will still have decent mileage in a few years.

With low mileage and 4 owners that isn't a bad thing, a lot of these cars sit in folks garages most of the time.
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Old 08-18-2011, 08:32 PM   #10
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PSM Porsche Stability Management

Will help keep the rear from overtaking the front when cornering fast, among other things.
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Old 08-18-2011, 10:20 PM   #11
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If the car is in as nice of shape as it looks with those options discussed, it is a "fair"price...may not be the lowest price but it is fair. See what the PPI says.... Bob
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Old 08-18-2011, 10:33 PM   #12
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What kind of wheels are that? They look amazing!
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Old 08-19-2011, 04:48 AM   #13
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Quote:
Originally Posted by sasha055
What kind of wheels are that? They look amazing!
I believe the wheels are Porsche Sport Classic II that are chromed. They actually weren't my first choice (not into chrome wheels—pain to keep clean), but since they are on the car they are growing on me.
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Old 08-19-2011, 05:01 AM   #14
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Originally Posted by WhipE350
Don't think anything is wrong, but from all the listening and reading I have done getting a PPI from an Indy makes sense. I wish I had but I also go lucky and got a good car.

How long have you been looking? If this one doesn't work out there will be others. Have you watched the 'Classifieds' on this forum for a while. Members offer great prices and almost all the time they are well cared for cars that you can't`` go wrong buying. Some even have the RMS/IMS/Clutch all fixed. I'd even pay extra in many cases for a car from another forum member. Not saying they are all perfect but some really nice ones pass through.

How much will you drive the car. If you don't mind going between 45 and 65k miles you can save a lot...and if you won't be driving it a ton it will still have decent mileage in a few years.

With low mileage and 4 owners that isn't a bad thing, a lot of these cars sit in folks garages most of the time.
I've been looking for about 4 months now Autotrader, Craigslist and this forum. Saw a few deals come and go on a few S's on this forum and dealers on the east coast. If it doesn't sound like a gotta-have it price on this one then I'm going to push for another $1,500 off and see what they say—then walk away. I just hate not knowing if I'll spend more in the future for what this one has.

The dealership is a big flagship Mazda dealership and being 150 mile away from me might be difficult to arrange a PPI since I don't know that area and Porsche certified garages. This is why I asked about getting a PPI done—not about the extra cost but logistics. Plus I thought the dealer would have to have one completed or some type of multi-inspection done. They do offer a 3 month warranty on the vehicle.

I would take an 2002-030S black or red, manual with under 50k from anyone on this forum for $18,000 but I haven't seen those prices either. What I have found are more expensive prices on the forums, but they should be since everyone is an enthusiast and want a premium on their babies—I understand that.

Seems like for what I ultimately want will be in the 20k range.
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Old 08-19-2011, 05:04 AM   #15
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Originally Posted by copsahl
PSM Porsche Stability Management

Will help keep the rear from overtaking the front when cornering fast, among other things.
Thanks. I will ask about that.
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Old 08-19-2011, 05:57 AM   #16
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By the way, if you are interested. I am a PPI-Pre Purchase Inspector in the Maryland area.

I go to Bethesda, Baltimore, Hagerstown, Rockville, SilverSpring, and other areas including D.C., Fairfax, VA, Tysons Corner.

PM me if you are interested. I also have a Boxster myself so I know what to look for.

As for the price. It is a little high.

I know someone getting a 2004 Boxster with 25,000 miles for the same price. It is not an S though.
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Old 08-19-2011, 06:28 AM   #17
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Quote:
Originally Posted by scottnh1970
I believe the wheels are Porsche Sport Classic II that are chromed. They actually weren't my first choice (not into chrome wheels—pain to keep clean), but since they are on the car they are growing on me.

I don't think they are Porsche Sport Classic II. They look like "non-Porsche" after market wheels.
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Old 08-19-2011, 07:02 AM   #18
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I don't think they are Porsche Sport Classic II. They look like "non-Porsche" after market wheels.
They are Porsche Sport Classic II. I asked and take a look. They are just the chrome 18" version.
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Old 08-19-2011, 07:05 AM   #19
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Originally Posted by ProjectM96
By the way, if you are interested. I am a PPI-Pre Purchase Inspector in the Maryland area.

I go to Bethesda, Baltimore, Hagerstown, Rockville, SilverSpring, and other areas including D.C., Fairfax, VA, Tysons Corner.

PM me if you are interested. I also have a Boxster myself so I know what to look for.

As for the price. It is a little high.

I know someone getting a 2004 Boxster with 25,000 miles for the same price. It is not an S though.
Thanks, I will definitely contact you if this or another purchase goes forward.
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Old 08-19-2011, 07:12 AM   #20
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Have you ever owned a black car?
Not the best choice for a daily driver if that's your intent. Man every little scratch and chip that is inevitable just becomes magnified. Now toss in chrome wheels, probably the most labor-intensive to keep looking purty. And that black interior that picks up every little piece of lint. You'll spend 3 hours buffing and cleaning and its dirty by the end of the day. As they say everyone owns a black car once.

Upgrading those lights is very expensive. I paid $1400 aout 6 years ago in a group buy with a Porsche dealership when the Euro was still soft. They probably go for closer to $2,000 now. But before even doing that I would upgrade the IMS bearing to the unit from the forum sponsor Flat6 innovations. Any Porsche spcialist can do the job in a day. Along with the clutch and upgrading to the Cayenne RMS seal you'll be looking at $2,000. I'm guessing the dealer probably changed the oil, if he didn't and if you get the car inspected get the mechanic to cut open the oil filter abd roll it out to check for IMS seal fragments. If they're cracked peppercorn size or bigger you'll have some negotiating room because that means there's a great likelyhood that the RMS seal is disintegrating and could go at any momment. Kaboom new engine. And of course don't bring this up ahead of time because the dealer might go and get the oil changed before you arrive and claim the old filter was tossed. Either way the IMS should be the first thing you change, personally I wouldn't evend drive it before fixing that. In general you want to point out every possible repair because its more leverage for you.

As far as price, I'm the biggest ball buster I know. But this car might make a little less aggressive. The color is a definite negotiation point in your favor. If there are no service records for the oil changes that's a big minus for them. at barely 2K miles a year that could be a big problem if the car's oil sat idle for a long time (weeks or months) or if the car wasn't driven frequently, even for at least a local 10 mile spin around town. I'd try and reach the previous owner to see what his driving patterns were like. If this car sat still for weeks at a time over the last 10 years there could be a whole bunch of isssue that won't become visible until you start cranking up the avearga miles per drive in a big way. A definite plus for you as far as bargaining power. Low mileage means nothing if you don't know how often the car was taken out of the garage or if the oil was changed regularly regardless of mileage. Without that knowledge they're basically waiting for a buyer who knows little to concede that the low mileage is a plus for the dealer's asking price. And of course those headlights are very dated now. Actually they were dated for 2002 because the next year Litronics were standard. Without the service records its hard to say what this car is worth and what potential issues there may be. In general the more frequently the oil was operating at temperature at least 3,000 RPM the better the drivetrain's life expectancy.

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