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Thanks guys for all the info. I did call the previous owner again today and asked him if he had the IMS bearing and he laughed and said "I was wondering when you would ask me about that". His take on it was this. He bought his car in 2005 with 21000 miles on it from a Porsche dealer in NY. He believed based on his research from his engine number he was an early double bearing IMS car. He said when he stored the car for the winter he changed the oil and let it sit, did not start the car as per the dealer recommendations because starting them without driving them was not that good. In the spring he would drive the car then repeat the winter storage process. He changed the oil once a year and used Mobil 1. He did not worrying about the IMS issue since he believed he had the double bearing. He knows about all the info about the bearing but just chose not to worry about it and drove and maintained the the car as the manual prescribed. He just did a water pump change, axle change with new boot covers and replaced some hoses that were showing signs of wear. I decided to pass on the car due to I am the person that would worry about if I was sitting on a time bomb. Plus for me I was financing the car (7.9% for 60 months on $11,600 was about $236) and felt if it did go bad I would have a paper weight in my driveway. I did check on an IMS bearing replacement it was about $1,800 and $2,800 with a new clutch. I guess I could just throw it all on a credit card and just go, but in the end at this moment, I passed on the car just out of my own fear and anxiety.
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