Have you driven any other Boxsters?
As one Pittsburgh guy to another, you need to try a few others first. Two years ago when I was in the market, I drove 2 1998s and a 1999. They weren't the best examples; higher mileage, no service records, cheap. I wondered what all of the fuss was over these cars. They were OK, but nothing special to drive. Performance did not impress.
Then I saw a 2001 base listed in Ohio, and on a whim, a buddy and I drove to see it on a Saturday morning. Holy Crap! This car was beautiful, polished and shiny. They say these cars handle like they are on rails, and I discovered what this meant. It opened my eyes. I bought the car on the spot.
The point is, if you drive a good one, you won't be satisfied with less. Obviously, mine is a 2.7 motor, so a little more kick than the 2.5. And the suspension was not worn and sloppy. In my opinion, you will be better served buying one in better condition rather than spending money to restore it to good condition. It will certainly be cheaper in the long run.
Bill
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BJ's BlackBox -- 2001 Boxster
1997 SAAB 900S Turbo
1980 Maxda RX-7
1974 Fiat 124 Spider
1976 Datsun 260Z
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