Used Boxsters Prices are too cheap

[rd400rz]

I was just looking on ebay a good running high milage 98 was $7900 buy it now I seen a few 01s for $15000 to $16000 I even seen a nice 03 with 50 k miles a few weeks ago on there for $16500 the prices are crazy I sold my 90 944 s2 convertible on ebay a year ago for $13900 and then at the same time bought my 98 boxster 78 k miles with a factory body kit and extras twist wheels etc on it on there for $12500 crazy that 944s in a way are worth more then a boxster who would have ever thought

[SinnerDC2]

Originally Posted by rd400rz

I was just looking on ebay a good running high milage 98 was $7900 buy it now I seen a few 01s for $15000 to $16000 I even seen a nice 03 with 50 k miles a few weeks ago on there for $16500 the prices are crazy I sold my 90 944 s2 convertible on ebay a year ago for $13900 and then at the same time bought my 98 boxster 78 k miles with a factory body kit and extras twist wheels etc on it on there for $12500 crazy that 944s in a way are worth more then a boxster who would have ever thought

I got my 2000 base for 14,700ish from a dealer with 72k and lots of upgrades like TC, 17" wheels..

So I'm guessing buying from a person I could have gotten the car for 12k or 13k.

[gmboxster]

I don't think it's so much that used boxsters are so cheap, rather new boxsters are wayyyyy too expensive. They are great cars to drive, don't get me wrong but compared to some other cars they are over priced. I love driving my box, but when it comes time to upgrade I'll do so with a used boxster S.

[Perfectlap]

it all depends on the mileage too.

Here's a sub 10K mile 2002 tip that's about to go for nearly $30K without Litronics and a pretty plain interior.

2002 Boxster S

[Norminhouston]

Those bids look suspicious. I can't believe that car will sell for that.

Originally Posted by Perfectlap

it all depends on the mileage too.

Here's a sub 10K mile 2002 tip that's about to go for nearly $30K without Litronics and a pretty plain interior.

2002 Boxster S

[2000SoCalBoxsterS]

Originally Posted by Norminhouston

Those bids look suspicious. I can't believe that car will sell for that.

Why not? That's my whole point. That these lower mileage cars should sell for more. This car that Perfectlap found is a 2002 S with Tip, 18" wheels, lot's of add on's and only 7,800ish miles. At $30K that's less than half it's original price for basically a new car. Try to buy that car today brand new and you're looking at $65K to $68K. My post was about low mileage well optioned Boxster's selling cheap relative to new ones. Yes new Boxster's are way over priced. But that's beside the point.

It's not a good time to sell anything, I might be selling my house and car and I certainly don't expect a fair dollar value for either, if you can, delay selling it till the economy bounces back a bit.

[Perfectlap]

Ebay is not very accurate in terms of gauging car values but they're there if you want to buy them at relatively 'fair market' values and many auctions for Porsches are getting fewer and fewer bids. I check these almost daily because I'm shopping for a C4 winter beater. The starting list prices are dipping fast.
When cars do sell I've noticed some crazy bargains recently.
I'm thinking the economic slow down and the mortgage mess is pushing many sellers to accept very low offers.

A depreciating assett in a tight credit market is a double whammy.

p.s.
The 02 tip has 4 bidders north of $26K. That sounds very healthy.
Mileage is going to the make or break. Another reason I want to quit driving my car year round. I only drive the thing on weekends as it is.

[2000SoCalBoxsterS]

Originally Posted by EE3racing

It's not a good time to sell anything, I might be selling my house and car and I certainly don't expect a fair dollar value for either, if you can, delay selling it till the economy bounces back a bit.

I'm not selling my Boxster. I have only thought about it only to quickly realize what a bargain I have. It's not just now, I've noticed that the used prices have been low going back to when I bought mine back in March 2004. I bought it when I lived in southern California with 23,280 miles on it for less than half the price of a similarly optioned new one at that time. I'm happy I was able to save so much money on a pristine Porsche. So my point is don't buy a new one buy used.