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Old 07-29-2008, 10:21 AM   #1
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2000 Base 73k - $11,000 - Good deal?

My had has been telling me for almost 6 months that he is going to sell his boxster... I told him I would consider buying it if he sold it. I have driven his car quite a few times over the past few years that he has owned it. I have also done a fair bit of research on boxsters to prepare for the possible purchase.

He doesn't really WANT to sell it - but he has had his fun with the car, and he is not a "car guy" to the point that he is upset over selling - he wants the money to put toward his new car. he ended up buying a used 07 Acura RL. it's for him and mom - he's retiring...wants to downsize costs...a nd he doesn't want the expense of tires etc for his boxster...

so he bought the new car... and now he is officially selling his car.

Specs of his car are:

2000 Base 2.7L. 5 speed manual. 73,000 miles on car.
OPtions: 18" wheels, M030 suspension, full leather, heated seats, cruise, steering wheel upgraded to 3 spoke wheel, 2003+ tails, clear side markers.

Ocean blue exterior. Black leather interior.

The only major repairs done laterly was a new convertible top put on by the dealer under his extended warranty a couple years ago, and they replaced his dash due to excessive wearing/scratches...

He is the second owner - bought it with about 20k on it. The original owner had RMS problems and the dealer put in a new motor. The owner then sold it, and bought a new "S" model - and sold the base.

Car has never had any other major defects. It has had the 60k service.

I think it is on the original clutch. My dad does not push the car very hard in terms of revving it up...he drives it fairly easy...I drove it recently and was amazed how much grab the clutch has. When you rev it up and shift into second it grabs hard and lunges forward. NO slip at all.

He originally told me he though he could get at least $15k for it. When he went to the dealer and tried to just trade it in to see what they would give him, they told him $8k. then they said $10k. he has surfed autotrader and cars.com and has "reassesed" what he thinks is a fair price for his car.

I think that he has decided he will get between 11-13k if he sells it privately and goes through all the hassle/time of listing it and selling it privately.

While we have not had a "firm" talk on price - I think he would sell it for $11,000 to me.

I called the dealer where it was originally sold, and where all the service gets done - Pioneer Centre in San Diego - miramar air base area - and they said I could buy a bumper to bumper warranty to cover the car for the next 36 months / 36,000 miles for $4700. OUCH.

part of me thinks if i spend just a BIT more, I could find a nice used "S" model and get more power. but at the same time - i kNOW my dad babied this thing and did not drive the stink out of it every shift or abuse it - and that is worth something. additionally, 11k sounds pretty cheap for such a fun car. the combo of the wheels and M030 makes this thing on frickin rails. if ai bought another boxster, I nkow i'd be upgrading suspension to make it handle like this one... i love the stiff ride.

QUESTIONS:

1) is this an *okay* deal - $11,000. is it a *GREAT* deal? if no, what IS a great deal on this car.

2) is the warranty a total rip off or is that fair? on a car of this age with this mileage, is this money well spent as I will get some repairs covered or am I pissing away 5k? my main fear is IMS failure. if this warranty covers NOTHING and I never have a motor failure, it's a total waste of money. IF however, the car needs a water pump, and some other stuff like a MAF or O2 sensors..and I wind up getting 2500 worth of warranty money over the next three years, THEN I would say the $2500 "unspent" wasted money is well spent for the peace of mind I would get... i

the dealer says this warranty is high end, the only one they will sell, and they said it WILL cover anything a bumper to bumper CPO warranty would cover. they recently had someone with motor failure and the company coughed up the 14k to fix it. so assume this warranty company is legit and will not hose me on the big ticket items...

The car is a blast to drive. I don't think I would regret NOT getting an "S" - as long as I'm really getting a killer deal. to me, only spending $11,000 for something as insanely fun as a boxster seems like a steal to me - but maybe there are a pile of cars on autotrader that are asking $15k who would gladly take 11k too..and I could get myself an "S" with similar or lower miles for only $13k....

anyone care to chime in on this one? thanks.
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Old 07-29-2008, 10:55 AM   #2
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23109VC,

If you look at Kelley Blue Book :

$11,850 trade in
$14,600 private party
$18,550 retail

If you look at Nada Guide :

$14,800 low retail
$16,875 clean retail
$18,150 high retail

There are 123 - 2000 Boxsters ( base & S ) for sale in the US on AutoTrader :

Highest Price : $90,000 ( with Carrera GT bodykit )
Lowest Price : $13,995
Average Price : $20,347

( these all have under 75k miles )

According to Edmunds :

$11,900 trade in
$13,600 private party
$15,600 retail

I would say $11,000 would be a great price...

Nick
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Old 07-29-2008, 11:25 AM   #3
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I'd buy it, and flip it. Maybe even sell it overseas to the Russians.
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Old 07-29-2008, 12:01 PM   #4
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If you want a such car, I think this is a good move to go, you know a lot of the history of the car, and you know your dad take care of it and that there is no problem with the car, I would buy the car and just don't take the warranty. if you seach for a 'better' car, you may end up with more problems, because you won't know the history of the car. I would suggest you to save your $ for maintenance instead of S model. Warranty can look like a bullet proof investment, but It won't pay you back tires..
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Old 07-29-2008, 12:02 PM   #5
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I would still advise you:

1) Get a PPI
2) Either get the Warranty (cost-in-use is about 13 cents per mile) or immediately put $5 large in an account for future unscheduled maintenance- you don't want to be Boxster "rich" and repair "poor" after the purchase
3) Make sure you have a handle on your car insurance costs before you buy
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Old 07-29-2008, 01:06 PM   #6
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CPO is NOT bumper to bumper. It covers IMS and RMS among many other things but not stuff like wheel bearings. With any warranty you purchase, be sure you know what it covers before you buy it.
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Old 07-29-2008, 01:10 PM   #7
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I really think your better with a few grand in a high interest placement than a warranty, it will serve for EVERYTHING, maintenance, badluck, minor accident, tires.

and if your loucky when you sell the car you got a nice extra cash

and the odd of insurance compagnie make that they make money out of you
so make mony out of yourself
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Old 07-29-2008, 01:24 PM   #8
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It sounds to me like somewere between a great deal and a really really good deal!! You know the condition of the car for starters (which is worth more than you can count) You KNOW your dad didn't abuse it or drive the stink out of it. It already has the M030 suspension, which you want and will cost you somewhere between $1K and 1.5K to buy and have installed on another car that doesn't already have it. It's already had an RMS failure and a new engine put in at around 20K miles. The new engine should have the upgraded/redesigned seals. AND, based on the talk around here and elsewhere, after 50K miles or so (which your car has on the new motor) an RMS failure is pretty rare. You could, might, possibly, perhaps find an S for only a couple grand more, but..will you for sure know how it was taken care of? Will it have the M030 suspension? How long will it take to find this car? Is it worth it to wait and take a chance vs buying a known quantity? I say go for it and don't look back. Have a blast with it and don't second guess yourself. AFTER you get a PPI!!

I'd probably pass on that warranty, too. It seems pretty expensive for the mileage and time coverage. And as husker said, a CPO is NOT bumper to bumper. Read the contract and see what it says. I'd put the 5K away and save it for potential problems. If you don't use it you've still got the cash (he says after personally buying an extended warranty......but...it was 3 yrs ago, for 100K coverage, true bumper to bumper, the car was still under original warranty, and it was half the cost of yours.

Bob
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