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There are many options but first you need to decide what you want your ride quality to be. Also, if you lower the car much beyond ROW sport height, you will wind up with serious bump steer.
Your budget is about a minimum for parts only. Even if you do the install yourself, you will need a good 4 wheel alignment so factor that into your overall cost.
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Chuck
'96 993 C2 coupe
'87 Carrera coupe - gone but not forgotten
many lesser vehicles
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