Go Back   986 Forum - The Community for Porsche Boxster & Cayman Owners > Porsche Boxster & Cayman Forums > Boxster General Discussions

 
 
LinkBack Thread Tools Display Modes
Prev Previous Post   Next Post Next
Old 08-01-2018, 07:18 PM   #14
MWS
Registered User
 
Join Date: May 2016
Location: Northern Indiana
Posts: 410
Prices may be coming up, but this doesn't count inflation and value of dollar. For example, I bought my Boxster in 2009 for (what I thought was a steal) $15,000 (as an FYI, it's an 01 that had about 32,000 mi then). I figure that with the TLC, upgrades and low mileage I've put on, if I could find the right buyer I *might* get $15,000 (not that I plan to sell). Sound like a pretty good deal, right?

But let's figure in adjusted dollars; according to the Bureau of Labor Statistics consumer price index, prices in 2018 are 17.46% higher than prices in 2009. The dollar experienced an average inflation rate of 1.80% per year. In other words, $15,000 in 2009 is equivalent in purchasing power to $17,618.57 in 2018, a difference of $2,618.57 over 9 years. Now I suppose that I need to figure in "major repairs" (IMS upgrade, water pump, etc) and I'm quickly approaching $25,000 in adjusted dollars....still excluding regular maintenance costs. My point is that even if I were to sell and got the magical $15,000 I originally paid, I've still lost about $15,000.

This is why I don't fixate on resale...price is subjective, and unless you flip almost immediately, you are going to lose money. Actually, I rather reject the term "lose money" as the way I see it, I just paid for a whole lot of fun. If you look at it that way, it's pretty cheap, and money well spent.
MWS is offline   Reply With Quote
 



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On




All times are GMT -8. The time now is 04:37 PM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2025, vBulletin Solutions, Inc.
Content Relevant URLs by vBSEO 3.6.0
Copyright 2025 Pelican Parts, LLC - Posts may be archived for display on the Pelican Parts Website -    DMCA Registered Agent Contact Page