Quote:
Originally Posted by fivepointnine
is that the same time that Boxster values took a nose dive also?
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The values took a dive when the credit market locked up in 2009. Before then values were holding up pretty well despite the IMS issue being well known.
So it was more the economy that took what I calculated to be single digit drops in resale value to double digits and not the IMS. Most buyers during that drop didn't know IMS from IBS.
By the way, if you really want to look at nose dives look at the 996 Carrera prices in 2009. Some fell by as much 40% in a single year. It looks like people were trying to get out of what was left of those Carrera monthly payments in a hurry. I met a guy this weekened who showed me his 996 Turbo that he was able to score in the high 20's in 2009. The seller couldn't get cash for a home or business loan so he unloaded the Turbo at a screaming deal.
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