2008 (987) Boxster S

[mikefocke]

the car continues to depreciate and is worth less as time goes by. And it is mid-August and sports cars get worth less the colder it gets.

I think you need to view the transaction of selling the car as a financial transaction and lose the emotion of selling your Porsche. Is $41.5k into your investment acccount worth more than maybe getting $42k at some future time? Sure would be to me because I'm making lots more than that on my investments.

The car is worth what someone will pay for it..no more and no less ..and your car isn't worth anything more because you owned it or had it tweaked to the way you liked it. Mod'ed cars are frequently worth less than un-mod'ed ones.

[Boxtaboy]

Originally Posted by mikefocke

the car continues to depreciate and is worth less as time goes by. And it is mid-August and sports cars get worth less the colder it gets.

I think you need to view the transaction of selling the car as a financial transaction and lose the emotion of selling your Porsche. Is $41.5k into your investment acccount worth more than maybe getting $42k at some future time? Sure would be to me because I'm making lots more than that on my investments.

The car is worth what someone will pay for it..no more and no less ..and your car isn't worth anything more because you owned it or had it tweaked to the way you liked it. Mod'ed cars are frequently worth less than un-mod'ed ones.

Well, he lives in Florida, so the weather (for a local buyer), will not be as much of a factor, but yes- the problem is that the longer he waits, the car will still be depreciating, and sooner or later, the value of the car will eventually drop below $40.5k, and then that same dealer that just quoted him $40.5k, will also no longer be offering $40.5k.

[Burg Boxster]

Don't forget depreciation will begin accelerating as it's less than 1 month from being 2 MYs old. Therefore, book value/auction prices will drop faster than normal as dealers and PCNA clear [many] new '08s still on lots and '09's (which have had trunk $ on them since May). Usually the finance rates/trunk $ from PCNA typically haven't started until a new MY is on the ground (Sept) but '09 has been anything but ordinary. The '09 997s currently have $15K trunk $, not sure about the Boxster but based on the drop in sales year over year I suspect it's a high % of MSRP.

Anyhow, $1,500 is a nice chunk of change but I'm sure it's due for a $250 oil change soon as well as plate renewal ($50?), and of course insurance of $XX per month... In the grand scheme of life, I'd rather have $42K in my MMA or other short/long term investments making $ for me rather than costing it but YMMV...

[Poorshoesless]

Sell it and get some Ford stocks. It has gone from $2.00 in Jan to about $7.00 recently.

[Bob Z.]

Originally Posted by Poorshoesless

Sell it and get some Ford stocks. It has gone from $2.00 in Jan to about $7.00 recently.

Already did...bought quite a bit of "F" when it wass just under $2.

And everyone makes valid points in regards to selling it - I guess if I needed the cash I'd be more willing to let it go for less than $42k.

[Flavor 987S]

Bob, it should not be a matter "of needing the cash". You don't want nor drive the car any more. You decided to sell it, so sell it. Get the most you can for it now, not when you might "need" the money. Besides your statement wreaks of arrogance (and I don't think you are an arrogance guy).

You probably had offers six months ago, you wished you had taken. In 6 more months, you wont be able to get $35 for it.

[Bob Z.]

I am probably the least arrogant guy on the planet...just telling like it is. But I will add that I am trying to sell a car here and that posts by people who are just offering their advice, while appreciated, are probably better sent via a PM than posted in my for sale thread - if you were selling you'd probably feel the same.