What did you find on CL today?

[rczap]

I bought my 2002 Red S with 194k miles on it last year. No maintenance records to speak of and the CEL on. Put 3k into the cam chain adjuster and drive it like I stole it. Still going with 204k miles now. Paid 5900 for it and keep up with my 911 buddies in their 40k cars!

[McHeinzky]

Originally Posted by Porsche9

What's over asking? Mileage is important but at the age these cars are at maintenance is much more important. If there is proof of maintenance throughout the years the the Boxster in question is likely a better candidate then a low mileage garage queen that has had little done over the years. Keep in mind there is no such thing as a cheap Porsche. You going to pay now or later with later generally being more expensive.

The one I looked at this weekend was a 2002 Boxster S with 66,000 miles that he wants $12,000 for. The only records he had were oil changes from a Jiffy Lube type place. He said he bought the car from an auction and has had it for 5 years, putting 16,000 miles on it. He only has one key, no windscreen, and the tires that came with it. He has also never heard of an IMS bearing. I figure I'd have to drive it straight to my local Porsche expert and get the following:

IMS bearing
New clutch
Replace the rear main seal
Four new tires.

Then, I'd want to do the following:

Add the wind deflector
Replace the missing cruise control cap
Add a magnetic drain plug
Replace the dented spoiler cap
Replace both drop-down window switches
Order a new owner's manual (if possible)
Program a new key

I calculated all those to add up to about $5,500 - $6,800, assuming nothing else was discovered during a PPI.

I'm also hesitant to buy from someone who owned it for 5 years and didn't know they had a rear spoiler that extends at high speeds (I showed him how to put it up).

[dghii]

Originally Posted by McHeinzky

The one I looked at this weekend was a 2002 Boxster S with 66,000 miles that he wants $12,000 for. The only records he had were oil changes from a Jiffy Lube type place. He said he bought the car from an auction and has had it for 5 years, putting 16,000 miles on it. He only has one key, no windscreen, and the tires that came with it. He has also never heard of an IMS bearing. I figure I'd have to drive it straight to my local Porsche expert and get the following:

IMS bearing
New clutch
Replace the rear main seal
Four new tires.

Then, I'd want to do the following:

Add the wind deflector
Replace the missing cruise control cap
Add a magnetic drain plug
Replace the dented spoiler cap
Replace both drop-down window switches
Order a new owner's manual (if possible)
Program a new key

I calculated all those to add up to about $5,500 - $6,800, assuming nothing else was discovered during a PPI.

I'm also hesitant to buy from someone who owned it for 5 years and didn't know they had a rear spoiler that extends at high speeds (I showed him how to put it up).

This does not sound like a 12k car. I'd expect A LOT of records from a caring owner for that price. Locally, this would be a $9-10k car at best.

[McHeinzky]

Originally Posted by dghii

This does not sound like a 12k car. I'd expect A LOT of records from a caring owner for that price. Locally, this would be a $9-10k car at best.

That's more in line with what I was thinking. I told the guy a good set of records was worth a lot with these cars and his response was that he hasn't had any issues yet...

[sugarwood]

Originally Posted by McHeinzky

2002 Boxster S with 66,000 miles that he wants $12,000 for.

That's a fair market price.
I suspect you'll be looking for a long time for your holy grail deal of a lifetime.

[McHeinzky]

Originally Posted by sugarwood

That's a fair market price.
I suspect you'll be looking for a long time for your holy grail deal of a lifetime.

Even with no maintenance records?

[sugarwood]

How many service records does a car with 66k really have?
Sure, records are great, but are they a deal breaker?
Why not assume there has been NO work done, and the car ran flawlessly from day one.
What do you think it's now worth?

If I bought that car with 66k, I would
Replace all fluids (diff, brake fluid, oil, coolant, steering, gearbox)
Spark plugs, air filter, belts, hoses.

There's your service history you'd have anyways.
Now, it's all current for $300.

[McHeinzky]

Originally Posted by sugarwood

How many service records does a car with 66k really have?
Sure, records are great, but are they a deal breaker?
Why not assume there has been NO work done, and the car ran flawlessly from day one.
What do you think it's now worth?

If I bought that car with 66k, I would
Replace all fluids (diff, brake fluid, oil, coolant, steering, gearbox)
Spark plugs, air filter, belts, hoses.

There's your service history you'd have anyways.
Now, it's all current for $300.

This one was more of a fixer upper. I added up everything that would be needed to replace missing pieces, fix defective parts, and change the IMS bearing and clutch, and was looking at between $5,500 - and $6,800 worth of work. I'm totally fine paying $12k or more for a 2002 S with around 66,000 miles on it. I just wouldn't pay that much for this one.

[husker boxster]

Ripped it clean off. Like a .44 magnum, the most powerful handgun in the world.

https://omaha.craigslist.org/cto/d/volkswagen-vw-scirocco/6227119916.html

[particlewave]

Originally Posted by sugarwood

That's a fair market price.

Not really.

[sugarwood]

Originally Posted by particlewave

Not really.

Ok, let's see some for sale ads of Boxster S under $12k.

[McHeinzky]

Originally Posted by rczap

I bought my 2002 Red S with 194k miles on it last year. No maintenance records to speak of and the CEL on. Put 3k into the cam chain adjuster and drive it like I stole it. Still going with 204k miles now. Paid 5900 for it and keep up with my 911 buddies in their 40k cars!

That's a pretty good testimony!