Is a 20-year-old Porsche Boxster under $20,000 a good buy?

When it comes to shopping for a sporty, luxurious convertible, not everyone can afford a Porsche 911. That's why the company launched the Boxster many years ago. Before the current generation launched in 2017 (and named 718 Boxster), Porsche's mid-engine, retractable-roof entry-level car had time to charm a host of enthusiasts with its various versions and continuous improvements from year to year.

Its lightness compared to the 911 is another attribute that appeals. As for power, it's naturally more modest, but still a pleasure to drive. By the way, the PDK dual-clutch transmission, available since 2010, shaves precious tenths of a second off acceleration times compared to the manual gearbox.

Now, of course, not all pre-owned Porsche Boxsters are created equal, and prices can vary widely depending on the level of equipment and performance offered. Summer is just around the corner, and it's sure to inspire a few drivers to consider buying such a convertible, perhaps at a lower price.

While scouring available inventories recently, we came across some 20-year-old models for under $20,000, which got us thinking. Is this a good buy?

First of all, we're talking about the middle and end of the first generation (986), which offered the same engines as the second (987), but with a little less muscle. In this case, the 2.7-liter version of the flat-six developed 217 or 222 hp, depending on the model year, while the 3.2-liter version in the Boxster S produced 247 or 254 hp, depending on the year. A manual gearbox or Tiptronic automatic with manual mode handled the cavalry.

The main problems with these early-generation engines (including cracked cylinders and a porous engine block causing oil and coolant to mix) were largely resolved by the end of 1999. That said, a thorough mechanical inspection is absolutely essential. And it's best to budget for the parts needed for maintenance and repairs. If the model you're interested in has been relatively neglected, stay away from it. On the other hand, high mileage (100,000 km or more) shouldn't worry you too much.

Likewise, a thorough check of the soft top - the fabric itself, the joints and the electrically operated folding mechanism - is required to ensure that everything is in order and that there are no breaks or leaks. This soft top can be folded in or out in less than 15 seconds, but the car must be at a standstill for this maneuver, and not in motion, even at low speed.

When it comes to overall reliability, Porsche does better than other German brands, and in fact, a 2005 study by J.D. Power (based on 2002 models) ranked it second in the entire industry in this respect. Only one recall has been issued for Boxsters from 1998 to 2003, concerning an automatic transmission shift lever cable that may have been incorrectly adjusted. Chances are, however, that a dealer has taken care of it.

All in all, yes, buying a 20-year-old Porsche Boxster is a gamble, but if it's well maintained, the low asking price is well worth it.