I would stick to your guns at $48 and not a penny more. Stay in contact with the salesman. Let him know that you are interested in getting it, but at $48 thousand, because it had been punched, is used, and the newer facelift is coming out in 2010. Just say 2010, because he will bs you by telling you that it's not coming out for two more years, when it's coming out in 2009.

In the mean time, drop by other Porsche dealerships in the area, or call the ones near by your state to look for other deals.

EDIT: And I sincerely doubt that the previous owner was a woman. It seems like all previous owners of cars are all woman. A woman would most likely have purchased an automatic CS and not a stick. No offense to any woman here who loves driving a stick shift. I'm just trying to help by pointing out a few things.