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well there were over 200k 986 Boxsters made between 1997-2004. There are several 986's on this site with over 200k miles still kickin' strong.
There are several noted engine failure modes, slipped cylinder sleeves and IMS being among the most prominent.
overall failure is most likely less than 2% (general consensus and my observations)
maintenance and driving habits play a large role in a Boxsters life, you will get several cars that have never had a failure and some cars that have multiple engine failures with the same owner (something fishy there)
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