986 Forum - The Community for Porsche Boxster & Cayman Owners - View Single Post - IMS Failure

Perfectlap · 07-26-2013, 12:10 PM

my condolences. How long did you own the car?

I ran a poll recently to see what most would do if they were in your shoes. I was surprised to see that ~70% said they would rebuild or swap in a used motor. Out of curiosity I called one fot the V8 shops that do Porsches and found out that the cost will run about $14K before you source the donor engine. And those are tough to find for less than $4K with harness. If you want GT3 level power from the Chevy engine you'll be into for $24K.

It's a tough call. But I personally, at last back of the envelope calculation, I have well over $65K into this car. Another $9K would be ridiculous but the way I look at it, if lightning doesn't strike twice I can run this car for nearly a quarter century or more. It's already half way there. And although the engine build is a mixed blessing, the car still gets tons of compliments and driving it provides pleasure that is hard to replace without spending a lot more money.

The real thing is that when it comes to all pre-9A1 porsches, whatever you pay for it, you'll end up dumping twice that amount into it in the long-term. So even if I'd a gone for a seoncd-hand $70K 996 GT3 or Turbo, God only knows how much after-tax income I'd be out in the long run, well over six figures. OTOH having $700-$1,200 montly payments for 2009+ Porsche that is only marginally more exciting to drive than my 3.2 doesn't thrill me in the least either. I don't know which I dislike more: plunking down a giant pile o' cash for rapidly depreciating asset, or financing a depreciating asset... I feel like buying a used Boxster with the depreciation baked in at least half way is more tolerable under $50K than over that amount. The previous owner of my car lost close to $30K and barely put 9K miles into the car. I would sooner jump off the pier. AAPL is down -17% YTD... too many money-chasing opps out there.

Plan B, and this may sound shocking, is simply to buy another Boxster that's had the IMSB sorted. They say these cars are dispoable, and with the market inundated in Caymans, Carreras, Cayennes and Boxsters, the prices reflect this over-supply.

07-26-2013, 12:10 PM	#11
Perfectlap Registered User Join Date: Nov 2004 Location: New Jersey Posts: 8,709	my condolences. How long did you own the car? I ran a poll recently to see what most would do if they were in your shoes. I was surprised to see that ~70% said they would rebuild or swap in a used motor. Out of curiosity I called one fot the V8 shops that do Porsches and found out that the cost will run about $14K before you source the donor engine. And those are tough to find for less than $4K with harness. If you want GT3 level power from the Chevy engine you'll be into for $24K. It's a tough call. But I personally, at last back of the envelope calculation, I have well over $65K into this car. Another $9K would be ridiculous but the way I look at it, if lightning doesn't strike twice I can run this car for nearly a quarter century or more. It's already half way there. And although the engine build is a mixed blessing, the car still gets tons of compliments and driving it provides pleasure that is hard to replace without spending a lot more money. The real thing is that when it comes to all pre-9A1 porsches, whatever you pay for it, you'll end up dumping twice that amount into it in the long-term. So even if I'd a gone for a seoncd-hand $70K 996 GT3 or Turbo, God only knows how much after-tax income I'd be out in the long run, well over six figures. OTOH having $700-$1,200 montly payments for 2009+ Porsche that is only marginally more exciting to drive than my 3.2 doesn't thrill me in the least either. I don't know which I dislike more: plunking down a giant pile o' cash for rapidly depreciating asset, or financing a depreciating asset... I feel like buying a used Boxster with the depreciation baked in at least half way is more tolerable under $50K than over that amount. The previous owner of my car lost close to $30K and barely put 9K miles into the car. I would sooner jump off the pier. AAPL is down -17% YTD... too many money-chasing opps out there. Plan B, and this may sound shocking, is simply to buy another Boxster that's had the IMSB sorted. They say these cars are dispoable, and with the market inundated in Caymans, Carreras, Cayennes and Boxsters, the prices reflect this over-supply. __________________ GT3 Recaro Seats - Boxster Red GT3 Aero / Carrera 18" 5 spoke / Potenza RE-11 Fabspeed Headers & Noise Maker BORN: March 2000 - FINLAND IMS#1 REPLACED: April 2010 - NEW JERSEY -- LNE DUAL ROW Last edited by Perfectlap; 07-26-2013 at 12:50 PM.