This late-production 1986 Porsche 928 S combines Porsche's 5.0-liter DOHC 32-valve V8 with a four-speed automatic rear transaxle. Built in June 1986 and commonly referred to as a '1986.5' model, it represents the later and more powerful version of the U.S.-market 928 S.Originally finished in Guards Red, known as Indischrot in Porsche's German factory documentation, this example retains its factory paint code 027 and features a tan leather interior. The odometer currently shows 83,380 miles.The grand-touring cabin features power-adjustable front seats, power windows, power locks, power mirrors, air conditioning, cruise control and the 928's distinctive driver-focused instrument pod and center console. During inspection, the vehicle's primary features and accessories appeared to operate as intended.The car is currently fitted with polished Porsche wheels, and a set of original silver-finished wheels is also included. Additional upgrades include Koni rear coilovers and a custom stainless-steel exhaust system without mufflers that retains the catalytic converters. An engine oil and filter service was recently completed. The tires remain in good visual condition and carry 49th-week-of-2021 date codes.The Guards Red exterior presents well overall, with several minor paint blemishes and areas on the passenger-side mirror where the finish appears to have been polished through. An approximately two-inch tear is present low on the rear bumper. The tan interior shows age-consistent wear, including wear to the front seats and a small tear measuring approximately one-eighth inch along the top of the driver-side door panel. The exterior driver-side door handle is also finicky in operation.An underside inspection noted minor engine-area oil seepage, dampness around the transmission pan and a dry-rotted and cracked passenger-side steering-rack boot. These observations are disclosed for transparency and should be considered when planning future maintenance.With its front-mounted V8, rear-mounted transaxle, distinctive styling and comfortable 2+2 interior, this 928 S delivers the balanced road manners and long-distance capability that established Porsche's flagship grand tourer as one of the most technically advanced performance cars of its era.5.0-Liter DOHC 32-Valve V8Four-Speed Automatic Rear TransaxleLate-Production 1986 '1986.5' U.S.-Specification 928 S83,380 Miles ShownGuards Red Exterior - Factory Paint Code 027Tan Leather InteriorCustom Stainless-Steel Exhaust Retaining the Catalytic ConvertersUpgraded Koni Rear CoiloversPolished Porsche WheelsOriginal Silver-Finished Wheels IncludedRecent Engine Oil and Filter ServicePower-Adjustable Front SeatsPower Windows, Locks and MirrorsPop-Up HeadlightsRear Hatch SpoilerAir ConditioningCruise Control