Just thought I would post up the details on the sale of my 2003 Turbo X50 as a market gauge for everyone. The car was in outstanding condition, loaded with options, and had 29,456 miles. I live in Seattle,WA and got $74,000 from a great Porsche enthusiast living in Portland, OR.

I am sad to see the car go as I had a great time driving and modding it. The depreciation curve was staggering, and I bought the car used from the original owner in January 2005 for $114,000. I probably overpaid initially but I got exactly the car I wanted.

After tallying all of the depreciation, maintenace, insurance, mods, gas, etc, the car cost a whopping $69,714 to drive 21,306 miles over 27 months!...$3.27 per mile for thos of you keeping score at home.

This was my third Porsche and it will certainly not be my last. I've enjoyed this forum greatly and have learned a lot from all. Many thanks!! Attached below are the detals on my car.

2003 Turbo Coupe
Arctic Silver Metallic
Black Full Leather
WP0AB299X3S686195
29,456 miles as of 6/10/07
$74,000

Category
Porsche Base Model $116,200
Turbo Power Kit $17,880
Ceramic Composite Brakes - PCCB $8,150
Porsche Communication Management $2,630
Rear Center Console - Carbon $1,625
Alum/Lthr Shifter /Brake Handle $885
Aluminum Instrument Dials $855
Heated Front Seats $410
Supple Leather Front and Rear $395
Lumbar Support - Right Seat $385
Lumbar Support - Left Seat $385
Porsche Crest in Headrest $220
Black Mats - Porsche Lettering $115

EXCLUSIVE OPTIONS $21,580
Destination Charge $765
Gas Guzzler $1,300
TOTAL WINDOW STICKER PRICE $152,200

Additional Upgrades
Max RPM GIAC/EVO Stage IV upgrade $5,621 (done on 7/15/06 at 21,946 miles)
Porsche Short Shift Kit $736
5 mm Porsche OEM Wheel Spacers $497
Chrome Double Oval Exhaust Tips $444
Bumper Plugs Aluminum Bezel Rings $316
Porsche Colored Wheel Crests $225
Porsche Garage Car Cover $172
Total Additional Upgrades $8,011

Other Notable Changes
4 Bridgestone Potennza S02 tires at 23,014 miles $1,275 (6,442 miles as of 6/10/07)
Euog lass (New Windshield at 23,204 miles) $905
Total Other Upgrades $2,180

TOTAL STICKER & UPGRADES $162,391

 

What are you gonna buy now?

 

I admire your thoroughness, but I've found it's really better not to do calculations like these . . .

 

so true especially for those of us who tend to flip or continually add to the collection

the biggest lie I love telling to myself (and wife): "it was such a great deal though"

 

Yes, that's why I buy all my cars 3-4 years old to avoid this - OUCH... It's only money

 

Sounds like the new owner got a good deal. Really makes me re-think the idea of getting a 05/06 Carrera S and just shoot for a 02 turbo...

 

You lost more money if you are driven: SL65, SLR, Maybach, and CGT.......

Check this out: http://forums.mbworld.org/forums/sho...d.php?t=186677

2005 AMG CL65 with 17K miles selling for $84K. He paid $200,500 for new.

 

nice write up. I was thinking about selling my '03 X50 as well, but when i realized how much its value has dropped, i just decided to keep it.

 

Yeah, so what are you gonna buy now??

 

I am going to sit on the sideline for a year or so and will probably buy used again next time, maybe a GT3 or Turbo X50 when it comes out. I'm hooked on the brand, just wished the values held up a bit better.

Mexico Blue, I totally agree with you......some calculations are better left undone! Guess I now need to change my signature, don't I?!

 

I'm thinking about doing the same thing and trying something different such as the GT3. Just waiting till the current owner have gone bored and stepping up to the new GT2 or R8 something.