Used Boxsters Prices are too cheap

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.

[Brucelee]

Originally Posted by 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.

The problem with EBAY is that when a car "sells" it often does not sell, ie the deal falls through. Hence, the actual selling price may end up being lower, ie when the seller relists it later in the month etc.

Moreover, sellers often renegotiate the SP if you arrive and the car is a turd.

So, take EBAY data with a grain of salt.

[edevlin]

"I'm wrestling with the suspension mod thing right now as my shocks are on their last days (really bad rattling from the passenger side). I always said that if the shocks had to come out I would replace them with full coil overs (PSS9). But now I'm having second thoughts.

right now I'm leaning towards just replacing the shocks with same and maybe adding ROW springs, maybe... I don't want a harsher ride."

I love my PSS9 coilovers and the lower stance of the car, but it does give a noticably harsher ride than stock. It does not bother me, but you have to be ready for a little more awareness of what is going on under the tires with the Bilstein coilovers.

Ed

[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.

I think buying a lightly used car is always a better bargain no matter the brand. The only new cars I ever had were all leased to Kodak back when I was a big swinging dick, I miss those days, a lot...

[racer_d]

I wonder how many of those "$77K" BoxsterS's are actually paid for by Cash as opposed to leasing.. Heck, if a LOVE having the newest and greatest every 3 years,. why pay $25K for a 5 year old car when I can pay $25K in payments and drive a new one?

So.. Where do you want to spend your money? And, well yes, we all know about supply and demand, and depressed markets, especially right now. Also consider the number alternatives out there to a Used Boxster.

So yes.. keep it and modify it as you want and tell your friends who don't have a Boxster yet what a great value they are

[blue2000s]

Originally Posted by racer_d

I wonder how many of those "$77K" BoxsterS's are actually paid for by Cash as opposed to leasing.. Heck, if a LOVE having the newest and greatest every 3 years,. why pay $25K for a 5 year old car when I can pay $25K in payments and drive a new one?

Because in 3 years, your still going to have a car worth around 15k if you bought the used one, where you walk away with nothing if you leased the new one. And they're both essentially the same car.

[Perfectlap]

^ yep, unless you use your Boxster for your own business, leasing is every financial advisors worst nightmare.

[2000SoCalBoxsterS]

Yes. I own mine free and clear now. Looking for a used 993 C2S now to add to my collection. Specifically a 1998 coupe. They unfortunately are not as cheap as the Boxsters.

[renzop]

Your car is 8 years old and worth 1/3 of the equivalent current MSRP.

BMW 3 series average price for a 2000 328i on Autotrader - $11000
Current MSRP for 330i 41K average.

Seems like the Boxster value is holding up well!