I read a lot of car magazines, more than is healthy(!), and i have certainly read articles on porsche boxster's. A couple of key points come up often;
1, don't buy a 2.5. This is because, while, in the grand scheme of things, it is not a slow car, it simply is not as quick as you would expect a porsche to be.
2, probably the most important factor, buy the best example you can, not the cheapest. The cheapest be the cheapest for a reason. No service history, unsympathetic owner, poor condition, etc. It will cost more in the long run, and ultimately cause more heartache.
If your son can only afford to spend £5k on one, he will end up with a duffer, no question. If that is his budget there are far, far better options for an open top 2 seater, most obviously the MX5 already mentioned.
Another thing to bear in mind, and this is something which gets brought up on this website every time someone asks about buying a cheap used example of a premium car, that is running costs. Even if your son finds a £5k boxster which he decides to buy, the running costs are going to be those of a £30k+ porsche, not a £5k used car. An MX5, by comparison, will have similar running costs to a mazda3.
But it sounds like your son has 'an itch', which needs to be scratched. You have done your best to dissuade him, and at the end of the day, that is all you can do. It is his choice and his money, you will just have to refrain from looking too smug whist saying "i told you so", when it all ends in tears, as it almost definately will.
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