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Many good and informative posts here already. I will add my 2 cents. I also looked through the wealth of great information mainly on this site when I started looking for a 986. It almost scared me away from the 986 mainly due to the IMSB issues. I pretty much knew I would get the imsb done in whatever car I bought if I wasn't sure it had been done or had been done a while / many miles ago. This one had the IMSB done but almost 4 years ago and LN recommends replacing every 4 years or 50k miles. Ultimately I found a very good condition 2003 S with 76k miles on it. It was in much better shape than many others I had looked at. But the ppi indicated it needed new rotors and pads all around. I talked the guy down to 12k from $14k. Thought that was a pretty good price based on other S sales in my area. Only thing that absolutely needed to be done was brakes for about 1,700. But I also did clutch (was getting a bit low but could have lasted a bit longer), IMSB (dof), Aos, ignition coils (ppi indicated they were cracked and quite worn but they still worked), rms, and some other smaller stuff. Ultimately cost me over 5k. I did the work for the reasons stated above, didn't want some things now to become big problems later. Especially didn't want a tanked engine due to imsb. Lot of extra cash? Yes. Do I regret it? No. If the pull of driving / owning a Porsche and having the fun you can have in these cars is strong enough (and budget allows) then go for it. If not, like others have said, look elsewhere.
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