It's 2013 - any updates on IMS issues or cost of engines?

[rp17]

The real difference here as I see it is that Porsche refused to do anything about it but do an engine swap, and refused to provide any internal engine parts, tools, or even rudimentary failure rate data. Porsches' actions and non actions resulted in depreciation that has made the cost of entry into the used Porsche market to be possible to anyone. [/QUOTE]


I hear many say that our car problems is the reason why they have depreciated so much. Some of that is obviously true but have you priced ANY german car that is 6-10 years old? Take a look at the M3 from around 2003. There is one near me selling for 15K and that wasn't the cheapest one. 04 MB SL 500s are going for 20K. I like my car but I don't think they depreciated enough to reflect this problem if its really that bad.

I appreciate the solutions from the aftermarkets. Hats off to you guys.

[thstone]

Originally Posted by rp17

I hear many say that our car problems is the reason why they have depreciated so much. Some of that is obviously true but have you priced ANY german car that is 6-10 years old? Take a look at the M3 from around 2003. There is one near me selling for 15K and that wasn't the cheapest one. 04 MB SL 500s are going for 20K. I like my car but I don't think they depreciated enough to reflect this problem if its really that bad.

+1 Agree. IMS has only a minor effect on re-sale value of the Boxster. My 2002 BMW X5 went from $58K new to $11,500 when I sold it in 2010. Just about the same depreciation as a Boxster and other similar luxury cars.

The difference is that most Porshe (i.e, early 911) owners are used to their cars holding significant value and not dropping like the rest of the used car market. The reality is that Boxsters and other water cooled Porsche's are now just like any other car (from a re-sale point of view).

[Perfectlap]

Originally Posted by thstone

My 2002 BMW X5 went from $58K new to $11,500 when I sold it in 2010.

How much work ($) was outstanding when you sold the X5?

p.s.
I don't think a comparably priced Boxster was down to $11K after only eight years.
Well, not if year eight came before the stock market crash/credit crisis of 2009.
I was checking prices pretty regularly back in 2007-2008 as I was about to add a red/tan 996 C4S and just park the Boxster during winter.
Glad I backed off. 996 prices took a severe beating begining in 2009. Some dropped $30+K in a single year. I knew of one guy
who picked up a 996 Turbo for less than $30K cash. And if we ever fall into a similar credit crunch (feasible) I'd hate to see what would happen to those lofty 991 prices.

[thstone]

Originally Posted by Perfectlap

How much work ($) was outstanding when you sold the X5?

p.s.
I don't think a comparably priced Boxster was down to $11K after only eight years.
Well, not if year eight came before the stock market crash/credit crisis of 2009.
I was checking prices pretty regularly back in 2007-2008 as I was about to add a red/tan 996 C4S and just park the Boxster during winter.
Glad I backed off. 996 prices took a severe beating begining in 2009. Some dropped $30+K in a single year. I knew of one guy
who picked up a 996 Turbo for less than $30K cash. And if we ever fall into a similar credit crunch (feasible) I'd hate to see what would happen to those lofty 991 prices.

I had complete maintanence history and all work was done by the dealer. The X5 was in perfect shape but had a lot of miles (115K). With 75K miles I am guessing that it would have been pretty close to a used 2002 Boxster price. Of course, comparing an SUV and a sports car isn't exactly apples to apples but close enough for government work.

[And416]

Hi Jake,

When would you estimate the availability of the IMSS service/replacement by shops outside of your own would be ? Specifically in the Toronto area.