Hi all,
Little explanation here. Looking for some general advice.
My father has owned a 99 boxster since ~2003 (30k miles bought, now around 55-58k). Interior is near perfect. Exterior is beautiful except for front clip scrapes and some minor damage to one point behind the passenger side wheel (it's completely under the car, but might be a jacking point) from going over a curb. There's some structural damage there, but appears only superficial (i.e. no major points were hurt severely, unless that was a jacking point that is now fubar'd).
He's gotten to a point where it's taking up garage space instead of just being a fun weekend toy. He's someone who just pays for things to get fixed, so naturally he's sick of the expense of taking it to a stealership and never leaving for less than $250 or much higher.
Issues:
Right now it's got the horn malfunction (easy fix) and needs the 60k mile tune-up. It's never had a RMS or other major engine issue. On the original clutch and DM flywheel. The shifter feels like the bushings are worn out or the linkage is crap, but it feels like a simple fix and it needs a new boot anyway. The clutch pedal is very heavy, but I imagine that's halfway just really old brake fluid in the hydraulic system.
The one issue it had, and yes you might goggle at this, is that it's coolant expansion tank cracked when it was being driven. All coolant dissapeared. Driver continued driving it for over 30 minutes with the needle in the red.
Porsche diagnosed and fixed it and said they performed a compression or leakdown test (Not positive which) with no problems being shown from what had happened. Charged him $1200-1400 to basically replace the expansion tank, perform the test, and fill up with new coolant (they might have done an oil change too).
...
Anyway. My father has talked about giving the Porsche to me. No cost out of pocket for me. That being said, I am working full-time and taking an aggressive graduate program. I have a bit of cash lying around, but I am paying out the nose for the next two years of life. I also don't have alot of time to spend fixing it, though I definitely could if I don't mind taking two weeks to do the 60k job :)
I'd love to drive this thing ~5k miles a year (I drive 25k a year as of right now on one car) and have some fun with it for a few years. Do you think this would be a wise move, or would I be getting in over my head with expenses and time commitments to keeping it running?
Should I be worried about a catastrophic engine failure due to the overheating and/or the known engine issues still? Has anyone found a way to drop a cost-effective engine solution in here (i.e. Subaru 2.5 liter turbo engine, a $3-5k Porsche 3+ liter engine, etc.) with a bit more power?
Any and all advice is appreciated. I've been around long enough to know how these threads go, so I'm just looking for your general impressions, tips, and advice.
Joe
P.s. I do have a garage space which I could leave it in for a month at a time. The car also has a very nice hard-top and set of winter wheels/tires. I've considered having some fun with stripping it down a bit by taking out the convertible top and mechanism, spare tire, etc. to try to get the weight down a bit. Probably wouldn't do that till much later, or if the top failed for some reason :)