Am I nuts to consider a Boxster?

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Choose the one you like. They are both great cars. If either has been well cared for it will serve you well.

Reports of major engine failure with the Porsche are all over the internet but represent less than 1/10th of 1% of cars built. Put in perspective your odds are pretty good. My 11 yr old Boxster is nearly as reliable as my fleet of Toyotas.