2001 986 for $5,500 good or bad?

[Giller]

Originally Posted by stelan

I did not read the entire thing but why are people assuming this is a roller, that small oil leak can be a number of things and not the IMS bearing (it could be but it could be not) a high mileage boxster is almost a good thing since it was not an IMS lemon and it is somehow proven. I don't see this being a bad deal at all unless is certain that the IMS is going south, In my opinion of course

The concept was comparing this to a roller. Estimates say a roller is worth around $3500 - so if he takes the plunge on this and the risk - his risk is minimal as he should be able to turn around and sell it as a roller for around $3500. So whether it's IMS or any other issue - he's not investing a lot of cake.

In theory of course. Once the repairs start - it could end up being a very expensive proposition. But the theory is alright, provided the market stays where it is for rollers.

[thstone]

Originally Posted by Giller

The concept was comparing this to a roller. Estimates say a roller is worth around $3500 - so if he takes the plunge on this and the risk - his risk is minimal as he should be able to turn around and sell it as a roller for around $3500.

This is a good point and a good theory - but it rarely works out this way. In reality, almost all new Porsche owners want to treat their new (to them) car well. So rather than drive it "as is" until the engine blows and sell it as a roller, it is far more likely that the buyer will sink double what he paid for the car into catching up the maintenance, repairs, and upgrades ..... and THEN the engine will will take a dump leaving him upside down in a big way.

Anyone willing to take a bet on a 180,000 mile M96 engine is a gambler and gamblers think that their luck will always come through so they never quit when ahead.