Water Cooled Reliability
 

I am looking to get my first Porsche...I notice that the 1999-2004 models seem to be very available and significantly cheaper than anything before or after. Some research has helped me learn that there was a general displeasure with those models attributable to the water-cooled engines. Is this the only reason they aren't as sought after or is there something else I should be wary of?

Thanks-
Bill.