Quote:
Originally Posted by herebigfishy
GOD DAMN! they are tring to kill someone on that thing. I can buy a 99 Boxster with 90k at the auction for about $8800, a good deal on that car would be no more then $9,500 up to $10,000 if its real clean.
Have a mechanic check it out first, those Boxsters can be a nighmare if they have been driven real hard...
I would deff agree someone is trying to knock your head off however....
Assuming you can buy a Boxster for $8800 you then have then cost of transportation from the auction to the lot , normally a fixed fee esp if you use a dedicated transporter.
With any car you will then have it at very least safety checked for sale, from experience id say at best maybe 70-80% of cars coming from auction that are even only 3-4 years old never mind an 11 yr old 90k car Porsche or not will require something done in order to make them ready for sale. Of course you will then need to have the car detailed and ready for sale another cost, and then of course the longer its on the lot the less real profit you are making as the book values move from month to month. In the case of the Porsche although it will remain very static due age and the marque in question.
So transportation service / safety checks and detailing you could easily be looking at $1000 and that is cheap. That brings the real cost to a bare minimum $9800. How then can you sell it for $9500-$10k when you have to allow lets say a conservative 30 days on average per used car between purchase and sale so that's an outlay of cash and then time sitting on the lot talking up space .... you cant especially since getting a 90k 11 yr old car financed is nigh on impossible unless of course Mr SIlver bullet is sitting in front of you.
I would say that a fair sales price would be more like $10750-$10500 at best.