I looked at both the 986 and 987 in detail when deciding which one to go for, in the end I preferred the updated interior and refinement of the 987 and found a mint 2005 example. Both suffer from RMS and IMS issues (987 > 2006 don't). RMS isn't a major issue as they all sweat oil from the rear seal and for less than £50 it's fixable although it's advisable to do it once the clutch is being replaced due to access. IMS on the other hand is the killer. I nearly talked myself out of a Boxster for this very reason and spoke to a number of specialist garages about replacing the IMS with a aftermarket upgrade, circa 1k. The majority talked me out of it and advised me to find a well documented example, check for oil leaks, tapping sounds and metal particles in the oil filter. The failure rate is very dependent on what bearing is in your car. If you have the double row bearing fitted from 1997-2001 then it's less than 1% failure rate. However the single row bearing (fitted 2001 onwards) is up to 8% failure rate. You can find out what bearing you have from your VIN Warrantywise will cover for IMS faults for around £550 per year if you're overly worried. I've decided to take a chance I've put nearly 5k enjoyable miles on mine without any problems. The S is the model to go for as the 2.7 feels very underpowered. I've got the S which has the bigger brakes identified by the red calipers and can get discs at £80 and pads for £68 via ECP - I think there's a 25% code on their site this month too. Tyres are expensive but mine's sat on 19", go for 18" alloys. I drove both a 986 S and 987 S and noticed a few points.... - 987 felt a lot nicer place to sit with comfier seats and more leg room - 987 was a lot more refined both with the hood up and down (Seats are 2" lower I think so less turbulence) - 987 has the triple lined hood with a glass heated rear screen if it matters, just be careful not to put a 986 hood down when cold and it'll be fine or grab a >02 - 987 had a lot more mid range grunt and felt a lot faster where it mattered - 986 arguably felt a little better to drive, maybe as it was sat on 18" but felt keener to turn in and lighter. I opted for the refinement of the 987 as mine's a daily drive but it I was looking for a weekend car then a sub 7k 986 S is where my money would go. Just budget £500 for a sporty exhaust! [/quoted]