Visited Carmax today and got an offer for

[Perfectlap]

depends on what you plan to do next.

I always refer to Excellence Magazine, they track what cars actually sell for and not what people like KBB and private owners think they are worth.

Based on my experience, the best thing to do short of CPO is to be in after 25K miles and out by 60K. Let the original owner eat the massive depreciation on a pristine car and leave the big repairs for the next guy.

[1olddude]

NADA says 19k for clean retail and 16k for a clean trade in. Are you selling? I have been debating the same thing but I don't want to give my car away. Boxsters are selling really cheap, not even close to KBB, and I wonder if the IMS scare is the reason. I want to upgrade to an 09 in the next year or so. My car still has 1 yr left on extended warranty so maybe next year. How was Carmax to deal with and how long did it take for them to make you an offer?

[eli cash]

Originally Posted by Perfectlap

depends on what you plan to do next.

I always refer to Excellence Magazine, they track what cars actually sell for and not what people like KBB and private owners think they are worth.

Based on my experience, the best thing to do short of CPO is to be in after 25K miles and out by 60K. Let the original owner eat the massive depreciation on a pristine car and leave the big repairs for the next guy.

I hadn't heard this about Excellence. What type of data do they compile? I would be interested to see this since I'm in the market. KBB is clueless and even Edmonds doesn't seem totally correct.

[thstone]

Originally Posted by eli cash

I hadn't heard this about Excellence. What type of data do they compile? I would be interested to see this since I'm in the market. KBB is clueless and even Edmonds doesn't seem totally correct.

Excellence magazine. They have a monthly column featuring a few car buys.

Excellence :: The Magazine About Porsche

[Perfectlap]

Originally Posted by eli cash

I hadn't heard this about Excellence. What type of data do they compile? I would be interested to see this since I'm in the market. KBB is clueless and even Edmonds doesn't seem totally correct.

Excellence have these tables of current market values that chart increase and decreases in values by model year, from low mileage cars in excellent shape to higher mileage cars in fair shape. Interesting factoid on the piece below, it says Porsche had 6,000 U.S. pre-orders for the Boxster in its first year, that's compared with barely 2,600 Carrera sales for all of North America in 1998.

http://www.excellence-mag.com/resources/buyers-guide/1035392063

They show how the prices have fluctuated over the last x numbers of years which provides an interesting history. For instance You can see how hard the credit crisis hit the Carrera 'premium' in the second hand market for out of warranty 996 cars, $20-$30K single year drops in some cases. Meanwhile since the Boxster was not priced so high to begin with their prices did not see as severe a drop. Generally though the 986 price drop seems to have slowed a bit with a modest bump in value in the most recent years. But I have not checked these since the 981 started hitting the streets.