Has market value went up?
 

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.

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.

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.

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...:barf:

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.

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?

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

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.

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.

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!!!

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

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.

an 's' for $10k ...

2001 PORSCHE BOXSTER S, 2 - Wed May 28 | cars & trucks | Calgary | Kijiji

Here is a nice one!

2001 Porsche Boxster 45K Miles

Leather is in great shape on that one!

The entire car is in great shape. With a little negotiation, you would have a very nice Boxster. Not an S though:( Still, very nice.

I track many cars of all makes just for fun, and here is the scoop.

When a car hits a certain dollar amount that makes it very very inexpensive and a steal (such as our 986 has in the past), then people catch on to that and flock to that model.

Sure enough, the supply dwindles and demand automatically goes up--->classic basic economics! This happens to Fords, Infinitis, Ferraris, etc. The most dramatic change that I have seen in any car is the NSX (I shouldn't have sold it!!!!!!!), the 2004 NSXT is selling for the same price now compared to when I sold it in 2005 (2005 was the lowest point of the car).

Here is another word of advice, once that car is back up on the price curve, it doesn't come back down, so snatch one up quick Jake!

The nsx, s2000, and old 911s are some of the most recent booms. My guess is that the s2k has very few stock examples left and those that are stock are worth a ton.

basic price demand elasticity / substitution effect right there :)

i think that spring summer always creates more interest in convertibles,but i also think that boxsters are now coming up in $,s more$ and maybe pre 06 with replaceable ims will continue to rise in $ if in good shape.im going to hang on to mine as well as my 914.its not the money so much,but fear that it will get more and more expensive to get good examples in the near future.

Like many things in life you should avoid bidding where supply is tight. Go where supply is bettter which means if you want max value you'll have to travel. At the end of the day very few Porsches were limited production cars, these are the only cars I would be comfortable paying above the historical average. The danger is that the genuinely limited Porsches are lifting all the boats and when reality sets in, like a sharp turn in the economy making cash more desirable than toys, these mass produced Porsches will see the steepest drops on resale.
If you are going to cross the line and pay above the historical average price for any Porsche with a mass produced engine, make sure the mileage is low. Nearly all of a running Porsche's value comes from the engine. Overpaying for a high or moderate mileage Porsche means You're really overpaying engine wise.

i agree ,low mileage is best,but ultimately you have to buy them because you like them and enjoy driving them.i think the boxes up to 04 will become a seperate class .

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

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.

I just bought my 2nd Boxster (the first was a '98 base model owned from 2000-2012)....a 09 'S' - and found the following - After driving both 'base' and 'S' models of various years, I decided ONLY an S would do this time. Most dealers had inflated prices - but at least one was willing to deal aggressively on used Boxsters. Aggressive searching/shopping could help find some 'S's' that could be purchased a few thousand under KBB...from individuals. The IMS issue seems to be 'sorting out' - and a significant minority of cars are advertised with 'IMS retrofits' of one sort or another, usually somewhat at higher prices - one 08S I found appeared a few weeks later on a dealer website at $11K more than the individual owner had been asking.....so Dealers don't seem to be ashamed to price a bit high - the more recent model S's (I was only looking through 2010 or older) - 2008-2010....appear to be somewhat harder to find.
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Historically, I've had my best luck buying 7 year old Porsches (with really good luck they've bottomed out on depreciation, but not gotten old enough to require lots of expensive maintainance) ......7 years would have put me at an 07 - and moving to an 09 brought me to DFI and total elimination of the IMS bearing issue.....so I gulped, spent a little more and bought an 09S.
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as always...a good PPI, service records, one or two owner car with the most recent owner having had the car a long time, clean carfax, and either buying from a good individual owner, or from a Porsche Dealer with some warrantee seems to be the preferred mode of buying......always better to overpay for a great car than to underpay for a 'fair' one....but of course best to underpay for a great car! (a quote from Captain Obvious?)

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RickJ

There are too many variables and the cars are optioned differently. Some will argue that options dont hold value. While that may be true, creating the car with after market options is even more expensive or just a PITA.

To your point more directly. Compared to resent years, there are not many 8 - 10 year old Boxsters for sale here in Austin. I looked at the Boxster market for about years 3 or so before purchasing mine about 9 months ago and still look often just to see what is going on. There were always about 6-10 to look at. Now, maybe one or two.
The dealerships dont seem to have many and the indy's are not listing any either.
Seems the 5 ish year old Boxsters are more plenitful right now and those are priced accordingly.

My observations are local to Austin. About 25 mile radius from near center of town.

Yeah, have you checked out the prices for the cr edition s2000? Almost damn near the actual selling price with 25-40k miles!:mad: