Here’s the latest reader question, along with my reply!
Scott asks: I am looking to purchase a 2003 Boxster. It is in excellent shape, with 51,000 miles. I live in Michigan, so the car would only be driven in the summer months. This is why it has so few miles on it. In my research, it would appear the IMS Bearing is of the greatest concern with these vehicles. Specifically, in the model years 2002 – 2004, this part can go bad in about 1 in 12 vehicles (8 percent of the time).
In your opinion, do I: (a) Realize the part has lasted 17-years, let a good thing be and do not replace it? Or (b) absolutely replace it at a cost of $3k – $4k on a car valued at $14k – eliminating potential future costs? Or (c) don’t even purchase a car with this potential risk? Thank you in advance for any opinion you elect to share on this matter.
My reply: Assuming the price is right – and the car appears to have been treated well and maintained well – the latter being key with these cars – I’d take the slight risk (51,000 miles being very low mileage for a 17-year-old car) buy it and enjoy it. Why fix what isn’t broken? Maybe the bearing will fail. But it’s ok now. It will probably be ok for some time to come.
A $14k Porsche is a deal viewed from almost any angle – assuming it’s not a rusted out 914!
Even if you end up putting $3-$4k into it, you still haven’t got more in it than would have been the case f you’d spent that sum on a new . . . Corolla.
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Got a question about cars, Libertarian politics – or anything else? Click on the “ask Eric” link and send ’em in!
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