Just bought a 50k mile '02. Worried!

[RobZ]

New to the forum here. I purchased a very clean '02, 2.7, with 50k miles and a service record that hasn't been documented over the past few years. I'm a bit worried about the IMS failure problem. Should I be if it has 50k on it?

I'm not too concerned about expenses that are more minor (less than $1-2K) but a $10k problem on a $20k car is a cause for concern.

Also, my nearest Porsche dealer is 2 hours away. Should I try to use them for repairs and maintenance or should I use my local European car shop (30 years of service with a pretty good reputation)?

Thanks in advance.