Has market value went up? - 986 Forum - The Community for Porsche Boxster & Cayman Owners

BIGJake111 · 05-25-2014, 11:13 AM

I have been looking for a replacement car for mine. Not only are we exspecting to get nearly 200% what we paid for our car based off of similar cars on autotrader, their are a plethora of cars selling for much more than i saw last year. Has the ridiculous 911 market boosted the boxster value by a few thousand? There are cars on autotrader now selling for 3 to 4k more than what I saw similar cars for last summer.

thstone · 05-25-2014, 02:01 PM

Yes, I think that you're right about the Boxster market being slightly up and I am noticing the same in the 996 market. I think that a lot of people are finally seeing the value in the 986/996 models.

Of course, my search for an early 911 is getting to the point where I might as well look at used Ferrari's.

BIGJake111 · 05-25-2014, 02:20 PM

Quote:

Originally Posted by thstone

Yes, I think that you're right about the Boxster market being slightly up and I am noticing the same in the 996 market. I think that a lot of people are finally seeing the value in the 986/996 models.

Of course, my search for an early 911 is getting to the point where I might as well look at used Ferrari's.

I have seen a few Boxsters that are simple 2.5s with a good number of miles selling for 14k.

Perfectlap · 05-25-2014, 02:23 PM

The air cooled 911 market is not connected to Boxsters or water cooled Carreras. The latter are workhorse Porsches. Air cooled 911's are largely garage queens now, they've become too expensive to drive daily,year-round, risk totaling at a track day, etc.

If anything the new Boxster is probably raising interest in the roadster segment. But many are still leary of putting that kind of money into a fun car. Thus they're looking at the earlier Boxsters. What they're finding is that Boxsters that have been looked after well and do not have deferred repairs are becoming scarce. Owners who have put in the time and money don't have to let their cars go for nothing like did right after the financial collapse where 996 owners saw values drop nearly $20k in barely a couple of years. Boxsters weren't priced that high before the crash so they didn't fall as hard, well at least the ones you wanted to buy.

I think what you're seeing in both aircooled and watercooled Porsches is just a cyclical jump in the price action of well maintained cars. People in the income group who buy these used cars are for the most part doing better in 2014 than they were in 2009. Meanwhile these cars have racked up miles in those five years and I'm guessing very few current owners have put in the money for repairs. They've either unloaded the cars at trade in or have skipped the maintenance altogether.

thstone · 05-25-2014, 02:39 PM

Then again, a nice $7500 Boxster (only 75K miles) still isn't that hard to find...

1999 Porsche Boxster 2D ~~~ $7500 O.B .O.

dbansal · 05-25-2014, 04:09 PM

Quote:

Originally Posted by thstone

Then again, a nice $7500 Boxster (only 75K miles) still isn't that hard to find...

1999 Porsche Boxster 2D ~~~ $7500 O.B .O.

that green interior though...

thstone · 05-26-2014, 06:37 AM

Quote:

Originally Posted by dbansal

that green interior though...

Ok, I understand that the green interior might be a little too much for most people.

So here is another choice, 120K miles clean car for only $6,300!!

Porsche Boxster hard top 1999

BIGJake111 · 05-26-2014, 06:46 AM

Quote:

Originally Posted by thstone

Ok, I understand that the green interior might be a little too much for most people.

So here is another choice, 120K miles clean car for only $6,300!!

Porsche Boxster hard top 1999

Only local car for under 7 has serious water damage. I am assuming the fact that my area had few that could afford a Porsche in the late 90s but now the economy has boomed locally so many have new Porsches and many seek old ones, makes the supply and demand in favor for higher prices.

truegearhead · 06-02-2014, 08:39 AM

I think one BIG factor is that the land mine problems such as the IMS now have solutions.

Also I think (it could just be me) the Boxster stereotype is wearing off now that there is more of mid-engine offering.

Or...maybe 911 owners are tired of Boxsters beating them at the track and autoX and just decided to join them...hahaha

navair · 06-02-2014, 09:25 AM

I would also suggest that when Porsche goes all in on flat fours (yech), with ever increasing silly complexity (ala' 981"start-stop" and "coast mode"), light simple flat SIX models like our 986's will become more desirable.

BIGJake111 · 05-25-2014, 04:18 PM

Quote:

Originally Posted by thstone

Then again, a nice $7500 Boxster (only 75K miles) still isn't that hard to find...

1999 Porsche Boxster 2D ~~~ $7500 O.B .O.

This is more like the cars I was seeing last year, there are still a few, but now I am seeing more and more cars like this selling for 10.

fullthrottle52 · 05-25-2014, 06:57 PM

Jake,
Good clean well kept Porsches will keep their values. With the price of new Porsches going through the roof, it makes the value of our older Porsches stay high. Plus I believe owners like us tend to keep their cars in much better shape both in appearance and mechanically.
I have just decided to sell my base Boxster. It is in very good condition for a 2000 model. Everything works as it should and I expect to get a good price for it. Check it out in my garage and you may like it.

Good luck with you search. As others have said, I will keep an eye out for what you are looking for.

JayG · 05-25-2014, 07:03 PM

Quote:

Originally Posted by fullthrottle52

Jake,
Good clean well kept Porsches will keep their values. With the price of new Porsches going through the roof, it makes the value of our older Porsches stay high. Plus I believe owners like us tend to keep their cars in much better shape both in appearance and mechanically.
I have just decided to sell my base Boxster. It is in very good condition for a 2000 model. Everything works as it should and I expect to get a good price for it. Check it out in my garage and you may like it.

Good luck with you search. As others have said, I will keep an eye out for what you are looking for.

what is on the armrest?

Davev · 05-25-2014, 08:12 PM

Prices on spyders tend to go up this time of year, too.

fullthrottle52 · 05-26-2014, 05:25 AM

Quote:

Originally Posted by Davev

Prices on spyders tend to go up this time of year, too.

JayG

I found some metropol blue leather and covered them with it. It was a challenge to put it on but well worth it. No more black stuff on the wife's arm and great look. Also did the door pulls while I was there.

Sorry hit the wrong person. Can't delete!!!

Steve Tinker · 05-26-2014, 01:01 AM

While there are not too many Boxsters for sale here in Australia compared to NA, what I have noticed over the last 3 months or so are very few 986 S models offered for sale - and even fewer with manual transmission & low mileage.
So over here at least, people seem to be hanging on their S cars compared to the base 2.5 and 2.7models (not that there were very many in the first place - my 2001 S had a sticker price close to $150,000 when new).
Whether that's good or bad for Boxtsers long term remains to be seen.

Beer · 05-26-2014, 03:29 AM

I've been looking at the ads in my area for a few months. Lots of cheap base models, very few S models. I've driven and made offers on a few S's and the dealers don't want to budge much on price. If the online ads are accurate, not much is moving.