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Old 08-31-2010, 04:19 PM   #1
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"The Endowment Effect"

is actually a concept from Economics and there have been studies that confirm its operation in a wide number of situations. One common one in addition to cars is real estate. But antiques, art....
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Old 09-12-2010, 09:26 PM   #2
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Thumbs up Postscript!

I finally zeroed in on an 01 "S" in spectacular condition with a low 29k miles. Arctic Silver with black top and black int. Owned by a 30+ year PCA member who also owned an indy Porsche shop for many years. Meticulously cared for, new tires, 30k service complete, even the original plastic window is (miraculously) crystal clear. Passed PPI with no major flaws. Ask $18,950 and we settled at $17,250. Perhaps at the upper end of its true value, but a car with a solid pedigree.

Appreciate the bucket of cold logic from pgapromex, bula-bula and especially Mike Focke on that other car. The Endowment Effect was indeed in effect with the $23k '03 Boxster with 25k miles.

But it's easy to fall for these cars.

Anyway, this is my first Porsche. Very excited. Thanks again and happy motoring to all...
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Old 11-15-2010, 09:50 AM   #3
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I have an 03 S for sale

I have a 2003 Boxster S to sell. 2nd owner, black on black, 18" wheels, 6 speed manual, 40,000 miles, dealer maintained with all records, garaged all the time, babied and pampered. I can email pics if you're interested. I'm located in Los Angeles. edwinr325@yahoo.com
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Old 11-16-2010, 05:31 PM   #4
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There are deals to be had. Got my '03 base this summer for $12,507. Granted it had 79K but was in really good condition for it's age/miles.
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Old 11-16-2010, 09:36 PM   #5
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For comparison, a little over 2 years ago I paid $25K for my '03 with 22K miles, CPO from a dealer with 2 years of warranty. Comparable values at the time were $23K, but I was willing to pay the difference for the warranty.
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