Fishing for some gems of advice

[DawnV1]

Hi

Having followed some of the posts recently it is clear there are folk who know a lot about porsches!!!!!

Me, I know I love driving mine but my technical and market knowledge could be written on a postage stamp and leave room to spare!

Would some folk let me have some gems of wisdom please?


Context;

Coming up to retirement soon and reviewing cars, money etc. What to let go, what to change or keep.

Current 2nd owner of a lovely black 54 plate 2.7 boxter with a milage of about 35,000 regularly serviced and maintained at OPC who sold it to me. Original owner spent £8,000 on extras - no sat nab - personally never needed it. I bought it in Nov 2006 at 3,000 miles and have never taken it on a track. No RTAs. RMS behaving so far. Passed all it's MOTs. Also, have a WInter set of wheels less than 1,000 miles on them.

OPC offering me £10,000 for car and £500 for the wheels against the 981 which I do like the look of. Haven't taken it up.

Offer seems a bit low and like others they seem a bit dozy regarding selling their new car (still waiting to hear about a test drive three months later) so I have had time to think and do a modicum of reading. Now I have the following questions?

Is my current car going to require a lot of financial investment to keep it going for the next few years bearing in mind my lack of technical knowledge means I will not be putting on any overalls to sort out problems .

Is it worth transferring the servicing and repairs to an independent now or will it affect any resale value too much.
- I live in the north east.

I have read about IMS and RMs faults - a bit costly so is it worth waiting until 981 a couple of years older before looking at a second hand one in case it has it's own costly design faults.

Any advice is welcome so I can put it into the pot and come to a decision.

Cheers

 

[rob.kellock]

Think only you can answer whether or not you will get value for money in trading up to a 981. They are great though (I have driven one at PEC, Silverstone).

OPC servicing for older cars has recently been reduced in cost and is very competitive to indies. If they know the car, keep it with them?

IMS may strike but, equally likely, you may win the lottery so just calculate the odds! I lost and bought an engine for a 996 but I'm still in a minority on the PCGB forum, I think I'm the only club member who lost
the gamble.

Enjoy your car or invest in a new one - head says
keep yours, heart says go for the new one!

 

[mnk303]

All I could add is, get some used valuations on yours , glasses now do one free for private sellers. 99.9% of car values go down with time. Sadly there are no discounts on new 981, but there are deals, I managed to get Free factory collection. The 981 is a very different car to the older model, I have driven both, owned the 987, the new 981 is very grown up , but like the 991 gets expensive when adding options.

You should find no issue with a test drive most OPC have several cars, if I may insist or choose a different dealer.
Good luck, looks like there is a decision only you and either your heart or your brain can make here.

 

[Dylan1]

hi dawn

as stated above-head def says keep your "lovely black boxster"

i have been offered 15k for my 40k miles 07 boxster s with options costing 60 k new so 10k for yours seems about there.

you WILL love the new 981 and,as derek says,"no pockets in shrouds!" so if you like the new 981 and can afford it -have fun[]

 

[jdpef356]

If it were me I would keep your Boxster you are currently doing around 5K per year!

Sound like you have some money to spend and its no good in the bank these days.


Perhaps look at something a little bit special a 'High days and Holidays' car.

Perhaps and early 911 or anything up to and including 933. Most of these cars that have sensible mileage a good service history are currently holding price. A limited edition or low volume production model in this range is especially worthy of consideration.


Low insurnace for an agrreed valuation policy of say 2k miles per year and that would reduce the mileage on the Boxster a bit as well.

Have a look around and try a few of the early cars, they do have a certain charm that the newer ones don't!

However, remember that a purchase of a classic car is no guarantee you will get your money back[8|]

Its it more an ivestemnt of enjoyment whilst the car is in your ownership.

If you happen to make a couple of bob when you come to pass it on then thats a bonus![]

 

[Motorhead]

Some very sound - and varied - advice here Dawn.

Personally, having had significant experience in vehicle development, I'd never buy a brand new design like the 981 in the first year of production when there are always minor problems with quality control, assembly, suppliers, etc, to be iron out. Much better to wait until the next model year when things have settled down.

Or wait for a couple of years, enjoy your current Boxster, see how you're managing with your pension pot and perhaps pick up a good second-hand 981 if you still feel the itch.

Whatever you decide, good luck and enjoy whatever car you're driving.

Jeff

 

[Glyn]

Your mileage is likely to go down after retirement so wear and tear issues do diminish and so does the urgency to get repairs done if something goes wrong, you have the opportunity to shop around.
If your car is behaving itself i wouldnt be too worried about what will happen in the future, It seems Porsche paranoia encorages trade ins when only minor issues occur - just in case its a sign that major issues are coming up.

The price offered does seem about right.
Personally i would use an indie for future work as their rates are lower than the OPCs - and this wont affect the value of the car - but dont use "Joe Bloggs" garage use a Porsche specialist like Hartech.

The trade up conundrum - well a new car is fabulous but the depreciation is considerable for the first 2 to 3 years and If your OPC hasnt secured you a test drive in 3 months i wouldnt give them the business in the future - go to another OPC where im sure you will get a drive either immediately or within days.

Personally i would keep your existing car for a year or two then go for the 981, look for one with less than 10K on the clock and by this stage all issues should have been rectified so you have a well sorted car, If you purchase from an OPC you will get two years warranty so you will have piece of mind,
Your own car when it comes time to change i would sell via auto trader privately and your not likely to be a lot short of the 10K offer you have now.

I have recently retired and i bought a 997.2 (Oct 2009 model) rather than a new Boxster, not that i dont think the Boxster isnt a great car its just that i wanted a 911 and the amount spent to get a new 981 would have been just about the same as the used 911 so i feel i have had better value as the original owner suffered the huge depreciation.
I have had two previous Boxsters and both were terrific cars but i just cant get myself to pay the premium to get brand new one when at two years old i can get a "new" car for 20 to 30K less.

The "extras" on a car do not increase the value when secondhand, sure it does make them easier to sell and a little more desirable but considering what Porsche charge for an extra it does not reflect on used prices a great deal.
The latest SatNav with touch screen is very good so i would always go for this when looking for a used car - Its not worth the almost 2K on the price new but looking used there appears to be only a few hundred difference between those that have it and those that dont.
Porsche seems to regard everything as an extra and make you pay through the nose to get it.

Getting a new car now will depreciate far more in one year than it would cost to keep your car for another year even if you had some serious issues develop.
Let someone else pay the initial depreciation hit then move in and get yourself a bargain

 

[DawnV1]

Guys

Thanks for some fab advice. I did not expect so many quick responses.

I will keep checking this post though and once I have made a firm decision let you'll know

Best wishes