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Hello all new member and hopefully join the Porsche familyCurrently looking at a 2019 Cayman S with only 14k miles and the warranty is up in about 5 months. Carfax is pretty clean and noticed that around March it was sold as a Cop with 11k miles but then sold to a regular car dealership at the current 14k miles. I plan on getting a ppi of course cuz its out of state but should i look into getting a extended warranty.
Like any question about warranties and insurance, it's a personal decision.
Reasons not to get one:
The 718s have proven reliable with no known expensive long-term issues.
CarFax is clean.
You are wisely getting PPI.
Your car is low mileage and recently CPO.
All insurance is gambling with the odds heavily stacked in the insurer's favor; you will likely spend several thousand dollars with no return. Fine print often screws you even if something goes wrong.
Reasons to get one:
Peace of mind
Like all forms of gambling, you may 'win'. (i.e. major covered repair)
Overall I'm in the 'no' camp but you have to weigh your risk tolerance, personal finances, etc.
I’d be more worried about someone buying a CPO Porsche then dumping at a “regular car dealer” a few months later.
If you get the car you don’t need to make the warranty decision right away; so think about it.
Finally, if you get the car take it to your local dealer and have them look up the VIN for recalls, TSB. Ask them about the CPO warranty. Technically, when sold to a dealer the CPO warranty is voided, but perhaps it wasn’t.
My logic is pretty simple, if it's PDK, I get the warranty. If it's a manual, I don't. I've had a dual clutch transmission fail, it isn't cheap ($10k+). Can other things fail? Yes, but they probably won't be $10k. In the two Porsche's I've owned and the one Porsche my family has owned, a big repair would typically be around $1-3k. You can always save money by going to an independent.
However, if you have $10k+ that if it disappeared from your account tomorrow you'd be not ok with but it wouldn't financially burden you, then don't get the warranty. In general, nothing that is very expensive will go wrong. Insurance companies stay in business by taking in more than they pay out. Also, if you buy a warranty, get a good one, Fidelity Platinum is what I recommend and have used. Yes, they actually do pay out. Expect a good warranty to be around $3-5k which is another consideration, would you be better off putting that money into a high yield savings account or a mutual fund.
Yea the fact that someone sold the vehicle to a regular car dealer is what worries me the most. I plan on calling my local Porsche dealership today about the Cpo warranty and about the extended warranty before purchasing. I've heard the 718s are pretty reliable and amazing cars hopefully the ppi can help clear my worries.
Just contacted my local dealer and they told me that because the vehicle is still on factory warranty Cpo warranty wont kick in till 2023 but the Cpo warranty is still currently active so vehicle is still covered for another 2 years or so.
Can someone confirm the CPO follows the vehicle after changing hands at a non-Porsche dealer? I've read multiple times that CPO coverage only follows the vehicle when passing through a Porsche dealership, and I've even heard Porsche dealerships purposely not transferring CPO coverage on trade-ins, but made available to purchase for the next owner.
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From what my local Porsche dealer told me the same thing but I gave him the VIN for him to check and said it was still currently still active.
It is active, but if you bring the car in and try to use the CPO warranty and the names on the policy and the name of the current owner do not match up, are you going to have problems?
It is active, but if you bring the car in and try to use the CPO warranty and the names on the policy and the name of the current owner do not match up, are you going to have problems?
Ive been told they have to re-CPO when sold through Porsche but CPO can be transferred from one owner to the next for a fee. I thought it was $250. I think the issue arises when the Porsche dealer gets the car and has to inspect it. So if someone buys CPO and turns it back in 7,000, the tires or whatever may no longer meet CPO guidelines.
Ive been told they have to re-CPO when sold through Porsche but CPO can be transferred from one owner to the next for a fee. I thought it was $250. I think the issue arises when the Porsche dealer gets the car and has to inspect it. So if someone buys CPO and turns it back in 7,000, the tires or whatever may no longer meet CPO guidelines.
Few years back I bought a CPO Spyder out of Seattle private party.
Local dealer in Texas handled changing the name. No fees were involved.
CPO follows the car, with commercial sale caveats.
I don't think anybody would have sold it to a dealership, you sure it wasn't just a trade in? There are plenty of Porsches for sale at non-Porsche dealers across the nation.
Like any question about warranties and insurance, it's a personal decision.
Reasons not to get one:
The 718s have proven reliable with no known expensive long-term issues.
CarFax is clean.
You are wisely getting PPI.
Your car is low mileage and recently CPO.
All insurance is gambling with the odds heavily stacked in the insurer's favor; you will likely spend several thousand dollars with no return. Fine print often screws you even if something goes wrong.
Reasons to get one:
Peace of mind
Like all forms of gambling, you may 'win'. (i.e. major covered repair)
Overall I'm in the 'no' camp but you have to weigh your risk tolerance, personal finances, etc.
Enjoy the car, they're great. Post some pictures!
I bought a CPO 2019 718 GTS in July that immediately went into the shop for almost 7 weeks. My opinion is to get the CPO.
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Extended warranty
