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If I was buying a 986 Boxster, I'd look for a $15k '03-'04 with 45k and records. I'd consider the IMS, AOS, Water Pump, clutch, brakes, alignment and tires and a major service as items that I'd account for in my planning budget.
When I bought my second, I did a PPI and then spent $3k to get it to where I knew its maintenance was to my standards. Then virtually nothing for the next 5 years.
Boxsters are frequently cars owned at a time in your life. I knew why both of mine were being sold when I bought them and I was the third owner in both cases. The guy that bought my second Boxster got a well maintained car and he bought if precisely for that reason. The fifth owner of my car didn't get such a well maintained car from a note he wrote me and he now has do do some serious work to the little wear items that were neglected.
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