The first-generation 1997-2004 986 is the cheapest Porsche Boxster, and the cheapest water-cooled Porsche that you can buy. To be clear, we’re not talking about front-engine 1980s nostalgia. We are talking about the cars that saved Porsche from failure in the 1990s that featured convertible tops, mid-engine layouts, EFI and electronic controls, modern suspension, modern tire and wheel sizes, and a lot of performance for the buck. We looked at the market, and here is what we found.
The 1996-2004 Boxster (“986”, in Porsche internal code) was initially powered by a 2.5-liter six-cylinder engine that was stroked to 2.7-liter in 2000 and bored to 3.2-liter for the Model S that same year. The Boxster engines made between 200 and 250 horsepower using a four-valve overhead cam valvetrain. The 986 was available with the Tiptronic five-speed automatic transaxle with shift buttons on the steering wheel, or a five-speed manual. The Boxster S was available with a six-speed manual.
Porsche Boxster 2.7-Liter Tiptronic 2000-2004
- The average five-year sale price for a 2002 Porsche Boxster is $18,000*, with a low of $4,200 (Manual transmission, right-hand drive, 130,000 miles) and a high of $35,000 for a Boxster S with 21,000 miles and a six-speed manual.
*rounded to the nearest $1,000.
Porsche Boxster 2.5-Liter Five-Speed Manual 1997-1999
- The average five-year sale price for a 1999 Porsche Boxster is $14,000, with a low of $3,268 (Manual transmission, right-hand drive, 132,000 miles) and a high of $27,500 for a 2.5-liter Boxster with a five-speed manual transmission and 11,700 miles.
Porsche Boxster S 550 Spyder 3.2-Liter Manual 2004
Prices for the Model S jump by as much as $10,000 if you are looking to get the six-speed transmission and the later 3.2-liter, 258hp six-cylinder engine and $20,000 to get a hold of a special edition S550 Spyder. This 2004 Porsche Boxster S 550 Spyder represents the top end of the 986 market at $34,000 with 55,000 miles, IMS service, leather, a monster sound system and GPS, and several factory optioned goodies.
- The average five-year sale price for a 2004 Porsche Boxster S is $19,000, with a low of $4,869 (Manual transmission, right-hand drive, 133,000 miles) and a high of $36,000 for a 2004 Porsche Boxster S 500 Anniversary Edition with a six-speed transmission and 34,000 miles.
Five Year Porsche Boxster Values
- 1997: Low-$4,433; Avg.-$16,304; High-$42,000
- 1998: Low-$6,050; Avg.-$13,879; High-$29,750
- 1999: Low-$3,268; Avg.-$13,768; High-$27,500
Boxster/Boxster S
- 2000: Low-$4,400; Avg.-$16,968; High-$39,200
- 2001: Low-$4,400; Avg.-$16,265; High-$38,289
- 2002: Low-$4,269; Avg.-$17,178; High-$45,251
- 2003: Low-$3,857; Avg.-$16,621; High-$40,500
- 2004: Low-$5,046; Avg.-$18,857; High-$36,000
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