I appreciate appreciation

[thstone]

BAT sales always bring a premium in price. Not sure exactly why (when an equivalent car can often be bought at a much lower price from a private party), but there is no doubt that they do.

As such, I don't consider BAT sales to be indicative of the market or where the market is going (I consider them outliers). But that's just me.

[husker boxster]

Originally Posted by thstone

BAT sales always bring a premium in price. Not sure exactly why (when an equivalent car can often be bought at a much lower price from a private party), but there is no doubt that they do.

As such, I don't consider BAT sales to be indicative of the market or where the market is going (I consider them outliers). But that's just me.

Yeah, there's a guy in FL who breaks every rule in my Wheeler Dealer book yet he still sells his Porsches on BAT for good money. He sells very high mileage Porsches, many times with accident damage. Sure, he's not bagging top, top dollar, but he is getting good numbers. I'm sure he was able to buy those cars for a song. If I had a high mileage Porsche with accident damage, I wouldn't even get a phone call. I SMH and admire his stones (most of his auctions are no reserve), but he has a cult following and always seems to get good money for what he has for sale. I have no plans to dip my toe into his niche. Too risky for me.

[rexcramer]

Another strong price on BAT for a well sorted Boxster.

https://bringatrailer.com/listing/2002-porsche-boxster-s-36/?utm_source=transactionalemail&utm_medium=email&utm_campaign=bat_watched_listing_ended

[rexcramer]

I have been tracking Porsche sales on BAT for several years. I have been anticipating a drop in number of auctions and prices given are current state of things. Good cars are still commanding large numbers. 2008 RS 60 Spyder w/28K miles sold at $32K.

https://bringatrailer.com/listing/2008-porsche-boxster-s-10/?utm_source=transactionalemail&utm_medium=email&utm_campaign=bat_watched_listing_ended

[rexcramer]

2002 S 6 speed, in Speed Yellow, matching hardtop with 3K on the odometer. $29,750 plus BAT's buyer's premium at 5% is $31,237.50. Add +/-$750 to ship it from North Carolina.

Here is the question. Do you immediately pull the IMS and toss it?

https://bringatrailer.com/listing/2002-porsche-boxster-s-43/?utm_source=transactionalemail&utm_medium=email&utm_campaign=bat_watched_listing_ending_soon

[Gilles]

Originally Posted by rexcramer

2002 S 6 speed, in Speed Yellow, matching hardtop with 3K on the odometer. $29,750 plus BAT's buyer's premium at 5% is $31,237.50. Add +/-$750 to ship it from North Carolina.

Here is the question. Do you immediately pull the IMS and toss it?

https://bringatrailer.com/listing/2002-porsche-boxster-s-43/?utm_source=transactionalemail&utm_medium=email&utm_campaign=bat_watched_listing_ending_soon

A beautiful car indeed, but can you imagine the internals of an engine that was only used for 3k miles during 18 years..?
.

[husker boxster]

Originally Posted by rexcramer

Here is the question. Do you immediately pull the IMS and toss it?

It probably still has the original factory grease in the bearing. But I'd still replace it. Why spend $30K to suddenly have a car worth $4-5K as a roller?

Another question is - how much enjoyment did the original owner get out of his $50K investment? Can't imagine 3K mi was worth $20K. He would have been miles ahead investing that $50K in the stock mkt.

[dghii]

Originally Posted by husker boxster

It probably still has the original factory grease in the bearing. But I'd still replace it. Why spend $30K to suddenly have a car worth $4-5K as a roller?

Another question is - how much enjoyment did the original owner get out of his $50K investment? Can't imagine 3K mi was worth $20K. He would have been miles ahead investing that $50K in the stock mkt.

I have an older brother that loves cars but especially enjoys them looking perfect. His cars sit in the garage under covers and look like their brand new. We're taking 2005 corvette coupe with 28K miles and 87 Corvette Pace car with about 50K miles. It has nothing to do with thinking they're investments. He drives each of the cars every week or two on a Saturday and then brings them home and cleans them up.

Thats how he enjoys cars. My cars are nice drivers but nothing compared to his cosmetically.
To each his own.