Vehicle Overview
- Vehicle: 2001 Porsche Boxster
- Purchase Date: September 21, 2022
- Auction House: IAA in Raleigh, NC
- Total Investment: $3,195 ($2,475 bid + $720 fees)
- VIN: WP0CA29871U624046
- Color: Blue
- Lot Number: 34080823
Strengths
- Excellent introduction to auction vehicles:
- Straightforward repairs needed
- Most systems functioned well
- Convenient driveway delivery
- Cosmetic repairs were simple and cost-effective
- Good performance and fun factor
- Provided months of enjoyable driving
Issues and Solutions
- Weather Damage:
- Arrived after tropical storm with window down
- Water damage to driver's side interior
- Corroded immobilizer module under seat
- Collision Damage:
- Deer impact damage visible
- Fixed with $50 spray paint on fender
- Replaced radiator and headlight
- Electrical:
- Non-functional remote lock/unlock
- Window functionality issues
- Required custom power window setup
- Maintenance History: Uncertain IMS bearing replacement status
Learning Points
- Auction delivery can be more convenient than traditional buying methods
- Weather conditions during transport can significantly impact vehicle condition
- Simple cosmetic repairs can make a big difference in appearance
- Custom solutions can be part of the fun (window switches)
- Different resale platforms offer varying levels of complexity
Exit Strategy
- Final Sale: Sold to Copart/cashforcars for $1,300
- Process Notes: Complex selling process with multiple verification steps
- Learning: Peddle offers similar prices with simpler process
- Investment Loss: Approximately $1,895 plus repair costs
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