03-21-2023, 03:11 AM
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#1
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"50 Years of 550 Spyder"
Join Date: Jun 2015
Location: The Road
Posts: 945
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Well…
….the difference here is that you have a car with a $30,000 engine replacement cost.
I can buy a NA Miata engine for $1,000.
Poor folks can’t afford to tinker with a 986 and risk a catastrophic failure that bricks the car.
On top of that Sword of Damocles, all the other parts are freaking expensive. Everything from convertible tops to coffin arms.
Bottom feeders in the market just cannot afford these cars, even if you got a 986 as a gift for free, the care and feeding is not affordable.
It’s all about the Benjamins.
__________________
550 SE #310---"It's more fun to drive a slow car fast, than a fast car slow."
Last edited by 10/10ths; 03-21-2023 at 03:13 AM.
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03-21-2023, 07:43 AM
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#2
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Registered User
Join Date: Apr 2010
Location: Canada
Posts: 3,128
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Quote:
Originally Posted by 10/10ths
….the difference here is that you have a car with a $30,000 engine replacement cost.
I can buy a NA Miata engine for $1,000.
Poor folks can’t afford to tinker with a 986 and risk a catastrophic failure that bricks the car.
On top of that Sword of Damocles, all the other parts are freaking expensive. Everything from convertible tops to coffin arms.
Bottom feeders in the market just cannot afford these cars, even if you got a 986 as a gift for free, the care and feeding is not affordable.
It’s all about the Benjamins.
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the 986 was always an entry-level porsche. that hasn't changed. same type of owner as 5 or 10 years ago. rennline and pelican going strong. and the 911 wasn't always a $100k collector car.
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03-21-2023, 07:38 PM
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#3
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"50 Years of 550 Spyder"
Join Date: Jun 2015
Location: The Road
Posts: 945
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Well sure…
….but when new, a Boxster was still $40,000 to $65,000 in 2004.
I bought my 2004 Boxster S “50 Years of the 550 Spyder Edition” in 2015.
I paid $28,000.
If my engine grenades, it’s a $30,000 bill. The car isn’t worth that much.
My 986 is THE most expensive 986 they ever built.
A lot of the early 986’s are selling for less than $10,000 today.
But how many people want to buy a $10,000 Porsche knowing that they are an IMS away from a $30,000 repair?
It scares away the shade tree mechanics
Again, a large number of these cars have been abused and passed from failed owner to failed owner over the past 25 years. Years of bottom feeding have thinned the herd.
Time marches on and the forum is dead because the market for these cars has dried up.
Porsche sells about 3,000 Boxsters a year in the USA now. The entire sports car market has collapsed. The death of this forum just reflects what is happening in the car world in general.
People just don’t buy sports cars anymore. Especially convertibles.
Pile on the internet and Uber and texting and online dating instead of drive-in movies and only 8% of the population able to drive a manual transmission, et al, and here we are.
It is what it is.
__________________
550 SE #310---"It's more fun to drive a slow car fast, than a fast car slow."
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03-23-2023, 08:50 PM
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#4
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Registered User
Join Date: Jan 2014
Location: Albuquerque, NM
Posts: 503
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Quote:
Originally Posted by 10/10ths
….but when new, a Boxster was still $40,000 to $65,000 in 2004. I bought my 2004 Boxster S “50 Years of the 550 Spyder Edition” in 2015. I paid $28,000.
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I believe my original paperwork said my 01S with some special interior package was 68k when I got it in 2014. I paid 21[/B]
Quote:
Originally Posted by 10/10ths
But how many people want to buy a $10,000 Porsche knowing that they are an IMS away from a $30,000 repair?
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The whole reason I lost my interest was because of the engine and transmission. First few months of owning it, 2nd gear was completely gone. I already forgot but just to tear the trans apart was a huge bill in itself. Then the engine takes a dump 1 month after I got my title in the mail from paying it off.
Quote:
Originally Posted by 10/10ths
It scares away the shade tree mechanics
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No shade tree mechanic here but I legit don't want to rebuild the M96 and have trouble paying for the rebuild of the G86. I really don't want to get rid of it, and wish that my business would just take back off after the past 2-3 year BS that killed it so I could restore/rebuild mine. But that's not in the cards. Its all a money thing and not having enough.
Quote:
Originally Posted by Javi Cooper
Anytime I have a question like that I post on FB (as much as I hate their format).
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I personally cannot stand FB but its the only decent way to communicate with the people I know now. I always will think Forums are far superior when it comes to a thing like information sharing of a vehicle. Sure you can still "search" and go back through posts on FB. But its not as easy or forward about it. Forum, as long as its active, its a easy to navigate full blown memory bank. And with how old these cars are, I bet any question I could have, possibly has been asked and is readily available for me to read people talk about it, debate it etc.
__________________
-Josh
2001 Porsche 986 Boxster RS2.7 Bi-Turbo
Last edited by DarkStar; 03-23-2023 at 08:57 PM.
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07-14-2023, 03:29 AM
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#5
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1998 Boxster Silver/Red
Join Date: Sep 2017
Location: 92262
Posts: 3,065
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Quote:
Originally Posted by 10/10ths
….the difference here is that you have a car with a $30,000 engine replacement cost.
I can buy a NA Miata engine for $1,000.
Poor folks can’t afford to tinker with a 986 and risk a catastrophic failure that bricks the car.
On top of that Sword of Damocles, all the other parts are freaking expensive. Everything from convertible tops to coffin arms.
Bottom feeders in the market just cannot afford these cars, even if you got a 986 as a gift for free, the care and feeding is not affordable.
It’s all about the Benjamins.
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So... what I'm gathering... you're a low-income schmuk-bloke and a bottom feeder? Welcome, again, to the club.
__________________
1998 Porsche Boxster
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07-14-2023, 10:15 AM
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#6
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Motorist & Coffee Drinker
Join Date: Jul 2014
Location: Oklahoma
Posts: 3,880
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Quote:
Originally Posted by Starter986
So... what I'm gathering... you're a low-income schmuk-bloke and a bottom feeder? Welcome, again, to the club.
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No, no... he spent the $$$big bucks for a nicely hardened engine in his 2004 SE. What I get from reading his post is that we should look at swapping $1,000 NA Miata engines into our old 986s.
__________________
I am not an attorney, mechanic, or member of the clergy. Following any advice given in my posts is done at your own peril.
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07-14-2023, 02:11 PM
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#7
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"50 Years of 550 Spyder"
Join Date: Jun 2015
Location: The Road
Posts: 945
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I guess….
…..I’m not being clear.
These 986’s have engines that cost $30,000 to replace.
If you bought the car for $10,000, and the engine grenades, it will cost you three times as much to repair it as it did to buy it.
This scares people away who are looking for a cheap sports car to tinker with and drive on weekends.
That’s all.
And yes, I bought a very clean, low mileage, well cared for, 2004 “50 Years of the 550 Spyder Edition” Boxster S.
I bought her in 2015 and have put 50,000 miles on her since.
I love this car.
Cheers.
__________________
550 SE #310---"It's more fun to drive a slow car fast, than a fast car slow."
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07-15-2023, 04:08 AM
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#8
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1998 Boxster Silver/Red
Join Date: Sep 2017
Location: 92262
Posts: 3,065
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Quote:
Originally Posted by 10/10ths
…..I’m not being clear.
These 986’s have engines that cost $30,000 to replace.
If you bought the car for $10,000, and the engine grenades, it will cost you three times as much to repair it as it did to buy it.
This scares people away who are looking for a cheap sports car to tinker with and drive on weekends.
That’s all.
And yes, I bought a very clean, low mileage, well cared for, 2004 “50 Years of the 550 Spyder Edition” Boxster S.
I bought her in 2015 and have put 50,000 miles on her since.
I love this car.
Cheers.
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Oh, no. You made yourself quite clear.
Cheers.
__________________
1998 Porsche Boxster
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