986 prices are going up?!

[Marc Gelefsky]

I'm sure the prices will continue to plummet

[MNBoxster]

Hi,

I doubt it. There are several Boxsters out there in the ads which are overpriced right now, but I don't believe the market overall has somehow upticked...

Happy Motoring!... Jim'99

[z12358]

The depreciation of any car slows down with age. As the Box enters its 10th year of production the rate of depreciaiton becomes small (depreciation flattens out) and it becomes comparable to the normal noise level of prices. What you have observed may be just the normal noise (variation) of prices which becomes more noticeable with flattening depreciation.
Z.

[racer_d]

Advertised prices and Actual sale prices always differ. I doubt the '97-99 will see a rise given the bad rap the earlier cars got. Like a 914 1.7, they will always be the "least desirable" of the lot. I am not saying they are bad, just that later ones were better.

[KevinH1990]

There is usually about a 10% gap between asking and selling prices, so asking prices may not provide good data upon which to draw conclusions.

I’ve checked the pricing guides for my car (2000 base bought for $21,250 in March 2006 with 30k miles) and all of them have shown a decline. Here is the data on my car when I purchased it:

MSRP - $ 48,516.00

Price Service Trade-In / Private / Dealer
Edmunds $19,218.00 / $21,545.00 / $24,112.00
Kelley $20,150.00 / $23,835.00 / $27,635.00
NADA $22,575.00 / $24,200.00 / $25,825.00
Consumer Reports $22,850.00 / $24,500.00 / $26,150.00
Average - $21,198.25 / $23,520.00 / $25,930.50


Since I paid pretty close to the Edmunds private party cost for the car, let’s use that price for a comparison. The Edmunds Private Party price is now $19,753. (It would be even less if I factored in the 7000 miles I’ve driven it.) So, I imagine my car could be purchased for about $2000 less than what I paid for it last March. I wouldn’t sell it for that amount, but someone else might sell a similar 986 for that price.

The point is that there are so many Boxsters for sale that the prices will keep declining. I think the rate of decline will slow, but it probably won’t stop going down until the cars sell in the $10-12k range.

A used Boxster is an outstanding value for a buyer. If you buy a new Boxster, you need to be prepared to absorb the depreciation.

[MNBoxster]

Hi,

One thing which depresses prices are cars coming off-lease. These are usually only 2 yrs. old and low-mileage. I've seen an article where Porsche estimates that Lease companies represents 25% of their Boxster sales annually. This will insure that the market is readily supplied with used Boxsters for some time to come...

Happy Motoring!... Jim'99

[djomlas]

i think that the 986 price will continue to go down as the 987 gets older, because for instance someone may say that for a price of a 02 or something like that with low mileage u can get a 987 with higher mileage or something along those lines as more and mroe 987 accumulate mileage