'05 C2s with 7k miles, options are Bose, Chrono, full leather, sport seats it is CPO'd til June 2011 and not a scratch on her. Price is 66.5k down from 68k. The best deal I've found from the local "stealer" was basically the same car plus nav. and 27k miles for 67k. I'm thinking it's a no brainer, what do you guys think? TIA
J.D.
J.D.
Racer
I faced the choice of buying a used 2005 or getting a new 2007. The 2005's were holding their value very well as of March when I bought my car. I opted to buy new b/c I got a low-option car on a discount for just $10K more than most used private party 2005's.
IMO that list of options is about par, and a lot of used car buyers are unwilling to pay extra for options anyway; they want the chassis and performance and image, the options are often treated as free icing on the cake. (That said, a stand-out car like Dan's with a lot of expensive and well-chosen options probably will go for a premium).
I would start out at the price you mention and be prepared to haggle. If you're not in the ballpark on that price, you aren't far out of it either. Some people will love the low miles, though I agree with Dan's assessment of super low mileage.
IMO that list of options is about par, and a lot of used car buyers are unwilling to pay extra for options anyway; they want the chassis and performance and image, the options are often treated as free icing on the cake. (That said, a stand-out car like Dan's with a lot of expensive and well-chosen options probably will go for a premium).
I would start out at the price you mention and be prepared to haggle. If you're not in the ballpark on that price, you aren't far out of it either. Some people will love the low miles, though I agree with Dan's assessment of super low mileage.
Race Car
That car is not worth that much, even though it's CPO'ed that costs the dealer nothing.
Like edgy said, Low 60s. Or go private and let the transaction go through a dealer to get it CPO'd for 1k~
There are plenty for sale, even on this forum. If you want to go even cheaper, wait until the facelift is announced in a few months.
Like edgy said, Low 60s. Or go private and let the transaction go through a dealer to get it CPO'd for 1k~
There are plenty for sale, even on this forum. If you want to go even cheaper, wait until the facelift is announced in a few months.
As I understand it, the CPO process and contract costs the dealer about $2,000. If you like the car, buy it -- that simple. Don't get stuck in the old "did I pay too much" debate as it could ruin your enjoyment of the car in the long run. I know a few guys who labored over the whole process for months and months and in the end all regretted wasting their time and energy. Just another perspective...
Pro
Crux: If it tingles your nerve endings; colors, options, condition ..and you have the cash ..just buy it. I exhausted myself finding the right Boxster a few years ago - I got about 95%. The 997 came a lot easier.
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No Bugs with my 05 at all. IMHO, mileage is extremely important. I'm actually suprised by Dan's point of view on this as I find myself in agreement with many of his comments. I've had a dealership in the family for over 30 years and have been to at least 25 Manheim auctions and everything that I've ever learned about used cars points to the fact that mileage is king for many reasons. Assuming 2 cars are equal in terms of equipment, color, and condition...the lower mileage car will almost always bring more $.Originally Posted by Edgy01
I wouldn't go over $62K. As a first year car it's got bugs. Mileage means nothing.
As Ron said, CPO does cost the dealer $. If you're in love with the car and you're in the ballpark of a fair price (within your budget), buy it.
Andrew,
Thanks for your point of view as well as everyone else's. i tend to agrree with what you said about mileage being a factor. I owned both an '02 and '03 M3 and did very well at resale with both having low mileage and 2 years left under warranty.
I recently sold an '87 Targa with 45k miles, extensive maitenance history, but with fair paint for $23,500.The buyer immediately spent 8k on suspension upgrades and a trans. re-gearing and he's thrilled with it. I am in awe of the following P cars have. I'll be making the purchase tomorrow.
Wish me luck.
J.D.
Thanks for your point of view as well as everyone else's. i tend to agrree with what you said about mileage being a factor. I owned both an '02 and '03 M3 and did very well at resale with both having low mileage and 2 years left under warranty.
I recently sold an '87 Targa with 45k miles, extensive maitenance history, but with fair paint for $23,500.The buyer immediately spent 8k on suspension upgrades and a trans. re-gearing and he's thrilled with it. I am in awe of the following P cars have. I'll be making the purchase tomorrow.
Wish me luck.
J.D.
Instructor
Quote:
No bugs on my windshield and mileage means nothing, sheesh...... Originally Posted by Edgy01
I wouldn't go over $62K. As a first year car it's got bugs. Mileage means nothing.

Three Wheelin'
When I bought my car I thought about all the people I knew who went to buy a house only to lose it over haggling over a few thousand bucks. They would then end up settling for a "lesser" house that had a few quirks they didn't buy and constantly reflected on the dream house they had missed out on over what would amount to $5/month on a mortgage payment.
If you find the perfect car for you and the price is in the ballpark then buy it. If you've never owner a Porsche it will be everything you want/expect it to be and more!
If you plan on buying the car and looking at it then the odometer may be important. If you plan on driving the car and not worrting about miles (like me) then don't let that be a deterent. Mechanical failures can be corrected. You'll be much happier driving a car that you want versus driving a car you settled for and seeing somebody drive past in the car you want!
If you find the perfect car for you and the price is in the ballpark then buy it. If you've never owner a Porsche it will be everything you want/expect it to be and more!
If you plan on buying the car and looking at it then the odometer may be important. If you plan on driving the car and not worrting about miles (like me) then don't let that be a deterent. Mechanical failures can be corrected. You'll be much happier driving a car that you want versus driving a car you settled for and seeing somebody drive past in the car you want!



