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Old 07-25-2009, 10:51 AM   #1
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Join Date: Jul 2009
Location: Jersey
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Hi,
Thanks everyone for the replies, to answer some questions.

The market is Jersey is artificially inflated with all cars fetching above book and UK price. Not sure why as we don't pay VAT so in theory they should be cheaper, captive market I suppose.

A 2001 Boxter S from a dealer would cost approx £14000 - 15000, this car was up at £9800 which I've negiotated to £9000 assuming no more faults than those mentioned. 2 owner car from new with fsh and 34K ( mileage is low in Jersey as it's a small island with nowhere to go )

The faults described are cosmetic and I've had a rough quote from a mechanic friend of £500 to resolve.
My local garage is the main Honda dealership ( Derek Warwick Honda ) who have serviced my cars for years. Derek's a nice bloke and he took me for a blat in his DB 9 so kosher in my book.

My thinking is this, I can't afford ( and won't pay ) £15K for a minter, if I spend £500 ish on a car that is otherwise sound I will gain entry to the segment above current ( BMW 3 litre ) and have a car that is depreciation free for at least a year. The very things that appeal to me scare your typical Boxter buyer off hence value for money. I bought my BMW for £4000 below market price and like the idea of not getting stiffed. I will HPI and have the car pre purchase checked.With regard to negotiating the price to take into consideration the known faults, this is a guideline. I'd be surprised if the repair cost exceeded the £800 discount but everything is dependant upon the inspection so nothing is set in stone.

Hope this all makes sense, it does to my skinflint brain.

I'm grateful for the advice and hope that I've explained my stance, I've wanted a Boxter for ages, my best friend has a 996 turbo and Porsche ownership has been painless ( brakes and tyres aside )

Last edited by Mr Kipling; 07-25-2009 at 11:38 AM. Reason: spelling mistake
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Old 07-25-2009, 06:12 PM   #2
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Ahh, the seductive call of the siren that is a "cheap" Boxster. Many a new owner has crashed onto the rocks chasing her voice.

Mr K, I would be very wary of what you're thinking of doing. Buying a Porsche is entry into the Big Boys Club. Maintence is definitely included as part of that membership fee. Everything on a Porsche is expensive - parts are typically 4X normal cost and who knows what the labor cost can be. If you're mechanically inclined, Boxsters are relatively easy to work on and you can save some $$$ (sorry, don't have a Euro sign) that way. But if you're on a budget and scraping up every cent to buy a questionable Boxster, you're going to be very disappointed when you can't afford the maintenance. And if you have to have someone else do the work, be ready to pay through the nose. Boxster S' in the vintage you're looking at have a history of needing window regulators, rear wheel bearings, and front suspension pieces replaced. Plus 4 tires cost $800-$1200.

I call this Boxster questionable because if the owner has the nerve to present it with a CEL on, what else is he hiding? And as Brucelee says, how do you know it's the O2 sensor? Boxsters can throw CELs for several reasons. IF you have the stones to buy this car and you don't have a Porsche mechanic look at it, you're getting a cat in the sack. Based on the description you gave of its condition, it doesn't sound like it was well maintained. There are probably lots of problems lurking, just waiting for the next owner.

Which leads me to my next topic. I don't suppose there's a Porsche dealership on your island? Derek Warwick may have been a cracker F1 driver and a stand up owner of a Honda dealership, but the key point is can his dealership work on Porsches? Or is there a good independant Porsche mechanic on the island? If the answer is 'no' to all 3 questions, then owning a Porsche could become very expensive, regardless of whether you buy the one you're looking at or a garage queen. Even garage queens have the problems I listed above. Not sure how you tow a car from island to island.

You mentioned a friend who has a 996TT. Did he buy it new or was it a garage queen? Comparing a new or well maintained Porsche vs a poorly maintained one is not a valid comparison. A poorly maintained example will always cost more in order to catch up to a maintained one. The good news is you can pick his brain on how he handles maintenance and get some idea from him on the high costs associated with Porsches. Use this key reference that's at your disposal.

If you've already decided to buy it, there's probably nothing we can tell you that will alter your decision. Just go into the deal with your mind doing the thinking, not your heart. Remember, you don't HAVE to buy this car. My dad used to say there's always another car around the corner (I've found this is true about women, too).

I hope you make a sound decision. Best of luck.

Husker
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Last edited by husker boxster; 07-25-2009 at 06:34 PM.
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Old 07-26-2009, 01:10 AM   #3
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Quote:
Originally Posted by husker boxster
Remember, you don't HAVE to buy this car. My dad used to say there's always another car around the corner (I've found this is true about women, too).

Husker

wow...really great advice in there. I think I'm printing that one!

And your last statement is SOOOO true. Boy if I had only realized that when I was younger....
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Old 07-26-2009, 10:43 AM   #4
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Buy one if you like - maybe not this one. Don't drive one unless you have a good warranty (might be hard to find) that will cover a $10-15K engine replacement, or you can afford to be self-insured at that level.
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