8am Mon/13th - 12hrs. and no reserve.... - 986 Forum - The Community for Porsche Boxster & Cayman Owners

wetsuff · 12-13-2004, 05:09 AM

Anyone with a 01, or interested in one will want to watch this one. Std. - 36k - Sil/Blk. it's on Ebay. Item # 4510970816 (Washington DC area)

....I have nothing to do with it - but am always curious about 'real' prices...as compared for the, clearly delusional, dealer pricing.

Talked to a poor fellow who needed to shed another Std. 01: paid $40k at a dealer, added 6,000mi in two years (16,500 total), and was having to bend over to get $24K for it.

......I wonder if this is part of the Dot Com hangover?!

Jim

Brucelee · 12-13-2004, 07:53 AM

In reality, it is very hard to know what cars "sell for" on EBAY. The vast majority do not sell via auction, as you can glean if you sort on completed auctions

Some number do sell outside of the auction process, as I myself have sold two to local residents that were negotiated after the auction process was completed. Candidly, I think most buyers on EBAY are dreamers who feel that the seller should give their cars away simply because it is EBAY.

wetsuff · 12-13-2004, 08:07 AM

Agree. I've had one (non-Box) close last week with the bids about 60% of a respectable sell price, but have a non-bidding couple coming over next week to eyeball it.

This guy I noted had a dreamer win the bid the first time he Ebay'd it - and then bailed on him as the bidder had a checking acct. with a zero balance. It cost him to re-post it. It seems Ebay should have something beyond the 'verbal warning' for people who 'dream bid'.

Jim

Subanez · 12-13-2004, 09:53 AM

Well, I bought my Boxster through eBay, as part of the "buy it now" price. It was a 2000 base, and I picked it up for a smidge over $20,000 about 6 months ago.

However, I would STRONGLY urge caution when using eBay. I won't go into my story, because its long and probably boring to most of you, but just be careful!

Kevin

tqtran · 12-13-2004, 10:38 AM

Yeah, get a detailed history check of the car not near you before you buy via Internet

wetsuff · 12-13-2004, 10:52 AM

Bore us.... We're all old enough to appreciate education.

......I espc. like the advice: "...if warranty left; take to respected indy - THEN the dealer." Damn, I wish I was smart enough to think of that...I was planning on a dealer trip first off?! With any luck we'll have a Red bow on one soon.

Jim

Brucelee · 12-13-2004, 02:06 PM

Again as a dealer, I would remind folks that the "history checking services" are limited in what they can tell you. I use them myself, but have an additional set of processes that I go through to verify and document the history and condition of a Boxster..

Frankly, I would NOT buy a car on EBAY unless I had inspected it myself and done my own version of history check. There is much risk in that and it is risk you DO NOT NEED to take in order to get a "fair price" when buying your Porsche.

When folks get greedy and try to "steal" the car, they can get had and had big time! Think about it, why would someone "give away" a quality Porsche on EBAY? What is their motivation?

Food for thought, no?

jfmillr · 12-13-2004, 03:52 PM

Sorry to hear some people have had some trouble with ebay. I have had good luck with buying parts and such, but never bought or sold a whole car. i guess the saying would go...."you get what you pay for"

Stryke · 12-13-2004, 04:17 PM

Please don't be fooled. Nothing sells greatly undervalued. A no reserve auction ends in one of three ways:

1. A winner at or above the price the seller needed.
2. The seller's friend shill bids at the last hour and no one outbids him but no transaction takes place (although it appears as if it did).
3. The seller ends the auction early with a few minutes left if he does not get his price.

That is the bottom line!

Brucelee · 12-13-2004, 05:03 PM

On the parts side, I have had much better luck with EBAY both as a buyer and seller.

Buying cars is a whole other matter I believe.

Stryke · 12-13-2004, 06:36 PM

Parts, yes. But in cars what I said above always applies.

wetsuff · 12-14-2004, 05:05 AM

'Always' - another urban myth. The seller of this car (closed at $22,200.) would have needed to close it early if the bidding only went to $10k, nobody would expect him to take a real thrashing.
..but, it's silly not to have a reserve.

I figure that's not a bad '7 day price' for the car, as long as this bidder doesn't also have empty pockets like his last one. The guy with the 16,000mi car has had his for sale for over a month with no real eyeballs.

Jim