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Originally Posted by Mike Shiver
Also, I noticed that you bought your 97 Boxster for $15,500 that needed repairs and you thought it was cheap.
I was just offered a 2002 Boxster S with 52,000 mile, $8,000 worth of options, new tires, breaks and rotors + full dealer maintenance history for $16,000  |
I bought my 1997 in 2004 and the blue book wholesale prices was $21,500 at the time, thinking if I had to put a couple of thousand into repairs I'd still be ahead on the value.
Of course, I didn't consider the continued depreciation, the full extent of the repairs required on a worn out Porsche suspension and transmission, and the very unhealthy desire to make the car look like a much newer 2002 model with new headlamps, tail lamps, rims, rocker panels, updated interior, and a performance exhaust system. I've invested a total of $38k in my car. What can I say? It's a hobby, not an investment.
