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An M97 3.8 may also work if you get the ECU and engine wiring harness. Before I decided to get my 2003 S engine rebuilt, my shop had a totaled 987 Cayman track car with a 3.8 factory crate engine and the owner was looking at parting it out. My shop said the engine would work in my car but the cost for the engine, ancillary equipment and labor was about 33% more than I am expecting to pay for a rebuild with the IMS Solution and LN Nickies increasing my engine to 3.6 liters so I didn't pursue it.
There were 2 or 3 3-chain 3.2 M96 engines for 2003-2004 on eBay last time I looked. The prices weren't bad but they all higher mileage - 80k or 100k. Specialized German in Rancho Cordova, California had a lower mileage 2003-2004 S 3.2 maybe around 50k for around $8k last summer if I recall correctly. I did a lot of looking before deciding to have mine rebuilt. Good luck with your search!
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