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Dear
Terry,
I am buying a used Porsche Boxster and have three cars in contention:
A 2001 with 5,700 miles and no warrantyA 2003 with 15,600
miles with a remaining factory warranty for six monthsA 2005 with 55,000
miles and no warrantyAll are similarly priced (within 10
percent of each other) at various Porsche dealerships. What are your thoughts?
-- Wayne Kiwak Dear
Wayne,
The general rule of buying a used car is
go with the lowest mileage, in which case the
2001 with the 5,700 miles would be the best buy.
But there are a few issues that you need to resolve.
First, my radar goes off when I
see a six-year-old car with so few miles. While
some people who own Porsches have multiple vehicles
and therefore don't put a lot of miles on any
one of them, this car has been driven less than
1,000 miles a year. I'd want to know the car's
history and get the dealer to certify that it
hasn't been in a wreck. Also, cars need to be
driven regularly to make sure that seals and other
parts remain lubricated. If this car has been
allowed to sit for long periods without proper
maintenance, there could be problems.
Then there's the issue of prices.
You say these cars are priced within 10 percent
of each other, yet there's a four year-difference
between the 2001 and the 2005. Admittedly the
2005 had higher than normal mileage -- based on
an average of 15,000 miles a year -- but the 2001
should be significantly less expensive than the
2005 Boxster. A check of pricing for used Boxsters
at Edmunds.com
suggests that the 2001 should be at least $6,000
cheaper than the 2005.
That
leaves the 2003 Boxster with six months left on the warranty. I'd want to know
if it's a one-owner car and also check Carfax for any accident data. If that information
puts your mind at ease, this might be the best choice. Good
luck.
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