986 prices are going up?! - 986 Forum - The Community for Porsche Boxster & Cayman Owners

porscheracer · 01-24-2007, 09:32 AM

Yesterday I checked the current price for a used 986 Boxster (97-99) in Autotrader and notice a remarkable trend. The prices for a used 986 are rising! I also checked with a local P shop and the nice salesman confirm. no joke
I have no idea why? Perhaps, P owners prefer the styling of the 986 vs 987?
e.g. 993 vs 996.

Perfectlap · 01-24-2007, 09:38 AM

please post data

the upturn of 993's is well known but all water cooled Porsches seem to be losing value at the usual rate. The only exception seems to be the CaymanS and maybe the RSR 997 if they actually ever get around to selling them here in America.

blinkwatt · 01-24-2007, 10:22 AM

I haven't seen any facts or studies that show that prices are rising but I think you may be onto something. I'm looking for a 996 for my dad and in doing so I run across alot of Boxster when I search around. I can remember seeing 99' Boxster like mine run from $17-21k last year,a big price window,lately the window I have seen for a 99' is $19k-23kish?!?!

Brucelee · 01-24-2007, 10:28 AM

I would be astonished if there were a real trend of increasing prices for the 986. I would LOVE to see data to back this up.

Marc Gelefsky · 01-24-2007, 10:45 AM

I'm sure the prices will continue to plummet

MNBoxster · 01-24-2007, 10:56 AM

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

yellowboxster01 · 01-29-2007, 10:26 PM

I bought my 01' before Christmas with 20K miles on it for $22K. That's the lowest miles I had seen on one for the price. I'm very pleased with my purchase. I was originally looking for a 993 but, after attending Palooza this last year the Boxster really grew on me. I love everything about it except, the lack of interior room but, that comes with the territory. I think I can live with it.

jl1252 · 01-30-2007, 12:19 PM

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 · 01-30-2007, 01:51 PM

Quote:

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 · 01-30-2007, 02:41 PM

Quote:

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 · 01-30-2007, 02:52 PM

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 · 01-30-2007, 03:10 PM

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 · 01-31-2007, 12:55 AM

Quote:

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!