[husker boxster]

"The cheapest Porsche you buy will be the most expensive Porsche you'll own."

If you're looking for a bargain, you're looking in the wrong place. Even if this car was free, it will be prohibitively expensive. This is a depreciated asset that is totally worthless. Even if you do all the work yourself, the parts are still expensive and will quickly have you under water before you're done fixing compared to a nice car you could've bought needing much less work.

And an 05 might have a replaceable IMS, which means if you're lucky you can replace it. I say lucky because either way the IMS is probably in bad shape and needing replacing. If you have a replaceable one, it'll cost you $1K to replace it yourself or $3K if you hire it done. If you have the non-replaceable IMS, you'll have to totally tear the engine block down to halves in order to replace the IMS. That's at least $8K if you have someone do it for you.

What you need to look for is a Boxster that's just been bought on a whim and the owner has figured out a 2 seater doesn't fit their lifestyle and they need something more practical. Now is a great time to buy as used car prices are spiralling down and buyers are standing on the sidelines waiting to see how low they'll go. Much better buys out there than this bottomless pit for dead presidents.