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Old 11-07-2019, 03:38 AM   #1
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Help on valuation

Hello new member here. Looking at a 2008 base boxster. 39000 miles 5 sped minimum equipment. Car looks really good and runs well. So what Isabel opinion on what this car should retail for? Local Jaguar dealer is offering it for sale at $19,800. Seems high. Thoughts.

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Old 11-07-2019, 05:44 AM   #2
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Originally Posted by Maxsales View Post
Hello new member here. Looking at a 2008 base boxster. 39000 miles 5 sped minimum equipment. Car looks really good and runs well. So what Isabel opinion on what this car should retail for? Local Jaguar dealer is offering it for sale at $19,800. Seems high. Thoughts.
Yeah, it's a tad high but not too much. I would est $17, assuming it's up to snuff. The car is low mileage even in the Porsche world and VERY low mileage in the regular car world. When pricing with your favorite price guide (KBB, NADA, etc), the mileage considered to come up with a value is real world mileage and the 39K will artificially drive the value way up on this one.

Don't get enamored with the low mileage and overlook other things. You say it's light on options. Is it missing a 'must have' option you're looking for? Since it's at a dealer, probably no maintenance history. Have they provided a CarFax? That might give you a hint at maintenance. If you're not mechanically inclined, you'll defn want to have a PPI done so you can assess its cond.

Another thing that hurts the value of an 08 is the fact it still has an IMS (albeit one that fails at a 1% rate). But an 09 will have the new engine that doesn't have an IMS. Some will say buy an 09 except Porsche didn't sell many 09 Boxsters due to the mkt crash, so 09 prices have stayed quite high because of low production and high desirability. If that was an 09 w/ 39K mi, it would be worth $25-27K. Some high mileage 09 Boxs are hitting the mkt, but you're talking 70K+ mi. Nothing wrong with buying an 08 (I own 2 of them), but use the fact that an 08 is less desirable to your favor when buying one.

If the Jag dealer won't budge on price, keep looking. Maybe expand your range. You're in a target rich environment in FL. For $18-20K, you can find a nice 06-07 S with more options and a few more miles (50-60K).
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Old 11-07-2019, 03:30 PM   #3
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I thought the bearing problem was solved in the 08. No?
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Old 11-07-2019, 03:43 PM   #4
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2009 is the first year without the IMS bearing. FYI, I sold an 09 Boxster S, with 30K on the ODO, PDK, good shape, for $24K in June of this year. It was a great car.
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Old 11-08-2019, 05:20 AM   #5
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I'm a hobbyist Wheeler Dealer and sold an 09 Box S w/ 42K mi for $28 back in June. I think that was the same time Rex sold his. If I hadn't had the same one for sale, I would have bought Rex's and turned it - his was a smokin deal. Those deals are hard to find. I have a guy in San Fran and a guy in OKC who both want me to find a 987.2 (2009-2012) Box S for them. I've been looking since I sold my 14 CS a month ago. Can't find a good deal, even with fall and depressed prices coming. Will probably have to wait until Jan when prices are really down.

In 2009 Porsche only sold 1900 Boxsters (base & S) in the US. In 2011, only 1700 - the lowest production yr for Boxsters. 2010 and 2012 weren't much higher. Throw in the popularity of the new engine and owners are hanging on to the the few Boxsters that were sold. They hold their value quite well, even with high (in Porsche terms) mileage. For a marker, in 2008 alone Porsche sold something like 15K Boxsters.
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Old 11-10-2019, 06:44 AM   #6
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When I was looking for mine I only had a budget of $10,000 or less and I am happy with what I bought but I seen one for sell in another state(I think it was TX) that was selling a 2009 boxster S with around 60 some thousand miles looked really nice for $16,900.

I kept an eye on it just for the heck of it and I think 2 days later someone with the money realized what a deal it was and it was gone.
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Old 11-10-2019, 11:17 AM   #7
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Its priced a bit high, especially for the winter months (even in Florida).

In all likelihood, the dealer paid low $13K's to a bit over $14K for it.

A good buy price would be anything under $16K. A decent buy would be $16.5K. I wouldn't pay anything more than low $17K's unless its a car that you simply can't live without.

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Last edited by thstone; 11-10-2019 at 11:25 AM.
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