Need some advise

[fullthrottle52]

I need some help making a difficult decision. I have found a 2004 S with 25,000 miles in mint condition (by eye at this point). It is a "Special Edition". Color is Grey with a Cocoa top and interior. I love the color combination. I would buy this Boxster and then sell mine. Here are my questions?

1. They were asking $29,995 a few weeks ago. I told them they were way overpriced and would need to come down some. A week later I went back and the car had been sold. I was a little sad but moved on. Went by yesterday and it was back on the lot. Salesman said the deal fell through and they have marked it down to 26,500. Is this still a little high for this car?

2. What does the special edition ad to the vehicle over a standard S? Salesman said an additional 5 hp but I have never heard of that.

3. Obviously I am concerned about the IMS issue. I now have a double row 2000 box with 67,000 and it runs perfect. With the advent of the IMS lawsuit, if i purchase this 2004 and have a failure would it be covered under this lawsuit and qualify for a replacement engine?

Any advise would be appreciated by all the experts here. Of course I would get a full PPI from my Indy before I pull the trigger.

[jacabean]

A low mileage SE 25 to 29 is usually what I see for pricing . I would not pay that . You could get a decent 996 for that amount .

[thom4782]

If I recall correctly, the IMS damage must occur within 10 years from the date the car was originally purchased or leased. At best, this means the IMS damage would need have to take place before the end of 2014, maybe sooner. And the settlement payment only pays a percentage of the replacement costs. My guess is an IMS retrofit job would mean less out of pocket costs for you.

[fullthrottle52]

Jacobean,
Is it better to pay $26,000 for a low mileage 2004 Boxster S or pay that same amount for a high mileage 1999 or maybe 2000 996?

[jacabean]

Originally Posted by fullthrottle52

Jacobean,
Is it better to pay $26,000 for a low mileage 2004 Boxster S or pay that same amount for a high mileage 1999 or maybe 2000 996?

I wound not pay 26 for a 986 , 22k tops . They are trying to get you cause it is an SE . in my opinion it is not that special and would still have to worry about the bearing.

I would stay away from the early 996 3.4 cars too. 2002 to 2004 are the ones to look for with the 3.6 , updated exterior and better quality interior . There are some good deals you just need to find them . All the same crap that happens to our boxsters still applies to the 996 . I started looking at 997's but they are still on the pricey side and seem to be more driven and less cared for . I am looking to pay 26 to 28 for a 996. That price range has some decent 2002 cars . I am looking at one this weekend with 50k on it, has the LN bearing and a new clutch .