I've owned my S4 for 15 years and have done pretty much every upgrade and repair myself - rebuilt engine & tranny, most suspension upgrades, RS4 front bumper, stage 3, axels, drive shaft, headliner, heater core, hid headlights, audio system, many wiring repairs - the list goes on and on. I love my S4 and plan to keep it - it's my daily, but if I were buying one today I would either get a great deal one that is untouched/stock and plan to spend a good amount of time and money fixing things myself (because I enjoy doing the work and it's 20 years old) or spend more on a well-kept stage 3 from somebody who's been meticulous in keeping up with repairs and upgrades and has the records to show it.
If they haven't been addressed already, these are some of the things that will need attention soon: timing belt with associated items (water pump, valve cover gaskets, etc.), turbos (if they're stock you'll want to upgrade, if they're upgraded are they worn out?), all hoses (boost hoses leak, clamps wear out, coolant hoses leak), wiring (this engine generates a lot of heat, wires and connectors get brittle and cause maddening intermittent error codes - be prepared to replace or repair a lot of them), headliner sagging, heater core leaking (tubes from the core become brittle and break - major job to replace), suspension parts (control arms), axles and boots, wheel bearings and oil leaks (valve covers, oil cooler, turbo oil lines). This is a good place to start, but not a complete list - again, the car is old and any old car will need attention.
If you go with the well-cared for stage 3, you'll get a S4 with most, if not all, needs addressed and you'll only have to be concerned with keeping things up. You'll pay more for it, but you'll save a ton of money and time - there's no way I could come close to getting anywhere what I've spent on my car (my first stage 3 kit was from APR and cost about $10K 13 years ago, today they're much less). Even if you buy a stock S4 and do the work yourself, you'll still spend more fixing it up right and taking it stage 3 than if you buy a good existing stage 3. The best reason to do it yourself is that you like the work and can spread the upgrades out over time.
Anyway, my 2 cents. Good luck, it's a great car!
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