Quote:
Originally Posted by Phillip Jones
My advise to you is based on my being 54 years old and buying plenty of fixer uppers along the way. You would be far better off to avoid this bargain however tempting it might be and instead focus on putting all your money into buying the best possible car you can that has never had a major problem. That said you will still be in the boat I am in now with a car with the original ims bearing.
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LOL!!
I find myself smiling because I know EXACTLY what you're saying - the 928 guys like to say that a $5000 car is still $5000 away from being a $5000 car.
I've bought plenty of fixer-uppers too - and rarely have I "made " money (I don't buy to flip - I buy to enjoy). But the process can be fun.
This one I might buy just because rebuilding a Boxster engine appeals to me - if I have to, I don't mind, and again - the opening price is low enough to allow me to do this. And of course, I have no guarantee what the actual problems are - so I'm going in expecting the worst.
All that said - you're absolutely right - the best bet is almost always to spend as much as you can afford - you'll likely be happiest in the long run