986 prices are going up?!

[jl1252]

This is my first post, wow. I've been lurking for a while and absorbing all that I could.

Anyway, I purchased an 02 986 this past December from a local Porchse dealer. I must say that I was apprehensive at first this being my first Porsche, but when I first saw the car in an ad I was amazed. The posted price was $29k but lowered "for today only" to $19k. I figured it was the "teaser car" just to get people on the lot, but I went to look at it anyway.

I found it had 55k miles on it and figured that was a little high for my liking. I took it for a test drive and was hooked. I bought it for the advirtised price of $19k, and added an extended warranty to take me to 80k miles. Out the door price was around $25k with taxes and such. I think I did ok.

The only issue with the car was the previous owner had used an abrasive cleaner on the black plastic parts in the interior, which I replaced (center console, and all trim pieces around AC, radio, etc, and new L/R heater/AC vents) to the tune of about $1200 (installed).

Jeff

[racer_d]

Originally Posted by jl1252

This is my first post, wow. I've been lurking for a while and absorbing all that I could.

Anyway, I purchased an 02 986 this past December from a local Porchse dealer. I must say that I was apprehensive at first this being my first Porsche, but when I first saw the car in an ad I was amazed. The posted price was $29k but lowered "for today only" to $19k. I figured it was the "teaser car" just to get people on the lot, but I went to look at it anyway.

I found it had 55k miles on it and figured that was a little high for my liking. I took it for a test drive and was hooked. I bought it for the advirtised price of $19k, and added an extended warranty to take me to 80k miles. Out the door price was around $25k with taxes and such. I think I did ok.

The only issue with the car was the previous owner had used an abrasive cleaner on the black plastic parts in the interior, which I replaced (center console, and all trim pieces around AC, radio, etc, and new L/R heater/AC vents) to the tune of about $1200 (installed).

Jeff

How did you go from $19K to 25K (must be a LOT of txes "and such" in California?) then spent another $1200 on interior parts so.. approx $27200 for an 02 with 55k miles.

[wanna986]

Originally Posted by jl1252

This is my first post, wow. I've been lurking for a while and absorbing all that I could.

Anyway, I purchased an 02 986 this past December from a local Porchse dealer. I must say that I was apprehensive at first this being my first Porsche, but when I first saw the car in an ad I was amazed. The posted price was $29k but lowered "for today only" to $19k. I figured it was the "teaser car" just to get people on the lot, but I went to look at it anyway.

I found it had 55k miles on it and figured that was a little high for my liking. I took it for a test drive and was hooked. I bought it for the advirtised price of $19k, and added an extended warranty to take me to 80k miles. Out the door price was around $25k with taxes and such. I think I did ok.

The only issue with the car was the previous owner had used an abrasive cleaner on the black plastic parts in the interior, which I replaced (center console, and all trim pieces around AC, radio, etc, and new L/R heater/AC vents) to the tune of about $1200 (installed).

Jeff

Not an "s" , right Jeff?
I'd have gotten severely ripped off if you say yes!

[jl1252]

No, its not an S. The "out the door" price climbed to around $25k with the extended warranty ($3k) + 8% sales tax. Maybe I didn't do as well as I thought. I usually don't fall into the extended warranty trap, but this being my first (and probably not the last) Porsche, I wanted a little piece of mind with a car with a bit higher milage, plus the warranty I bought was pretty comprehensive. Plus, the car passed 100+ point inspection, the dealership had just done the yearly service, put on four new tires, and the service records showed that the car had had its 15k, 30k, and 45k services, as well as all of its yearly services.

I asked the dealership to eat part of the cost of the replacement interior trim pieces, but they weren't biting as there were two other people in line behind me wanting to buy the car if I chose not to.

Oh, well. Live and learn I guess. I don't really care as I love driving the car.

Jeff

[porsche986spyder]

That's all I have to say. Millage! It all depends on how many miles are on the car. You can have a new car with allot of miles on it that sells for a really cheap price. And vice versa, a older Boxster with very little milage that will go for a pretty good price. No one wants to buy an old car with tons of miles on it. This is what I've noticed as far as pricing goes.

[jinijazz]

Originally Posted by jl1252

No, its not an S. The "out the door" price climbed to around $25k with the extended warranty ($3k) + 8% sales tax. Maybe I didn't do as well as I thought. I usually don't fall into the extended warranty trap, but this being my first (and probably not the last) Porsche, I wanted a little piece of mind with a car with a bit higher milage, plus the warranty I bought was pretty comprehensive. Plus, the car passed 100+ point inspection, the dealership had just done the yearly service, put on four new tires, and the service records showed that the car had had its 15k, 30k, and 45k services, as well as all of its yearly services.

I asked the dealership to eat part of the cost of the replacement interior trim pieces, but they weren't biting as there were two other people in line behind me wanting to buy the car if I chose not to.

Oh, well. Live and learn I guess. I don't really care as I love driving the car.

Jeff

I think you made all the right decisions. $19k + (serv done, new tires etc). I wouldn't recommend any Porsche without warranty! Interior trims are not good deal., but there's no such a thing, PERFECT. I'd say you got 'near' perfect deal. Congrats!

[Brucelee]

No offense but used Boxster values are not increasing over the prices seen for the SAME cars, SAME condition during the SAME time last year.

If you don't believe me, go get an appraisal from your local dealer on your used Boxster and after you gasp at the low number he gives you, ask HIM where values have gone since last Jan.

Not gonna happen, sorry!

[Cloudsurfer]

I picked up my 02 S this winter, wholesale for $19k. Silver on black, sport seats, supple leather, upgraded audio (coming out very soon anyway but worth mentioning for price), 17" turbo look wheels, 70k on the clock (owned by a pharm rep previously). Body and interior are real clean, just has miles. Absolutely gorgeous when up on the lift. I dont mind the miles, as it will be getting a 3.6 sooner or later in its life, and the rest of the car is pristine and I'm thrilled to be starting from a factory S when I do the motor swap.

I'd find it hard to believe that 986 prices would be going up, but if they are, fantastic for all of us.

Patrick