What’s a realistic amount (%) to pay below asking price from a dealer for a CPO 911?
#31
Drifting
Not to hijack this thread but as a side comment, I'm in the same locale and would strongly prefer any other dealer than Autonation
Getting an appointment with the only dealer serving a metro area of 6 million is next to impossible. Too many bad experiences once there. Indy for me.
Getting an appointment with the only dealer serving a metro area of 6 million is next to impossible. Too many bad experiences once there. Indy for me.
#32
Originally Posted by C7toM2toGT4?
I'm actually about 3 1/2 hours away, but I bought the car in Seattle. Porsche Bellevue not only made an emergency, same day Saturday appt, they also didn't charge me! I was very pleased with my one and only experience
#33
Unfortunately car sales are in the public domain, and it would be naive to think that any dealer would take a customer's word on the purchase.There's no dealer that will perform CPO work before it verifies that the CPO is valid. Otherwise the dealer will be on the hook for the repair, when Porsche denies the claim.
#34
Drifting
Unfortunately car sales are in the public domain, and it would be naive to think that any dealer would take a customer's word on the purchase.There's no dealer that will perform CPO work before it verifies that the CPO is valid. Otherwise the dealer will be on the hook for the repair, when Porsche denies the claim.
I had my more local dealer confirm the car is in fact CPO. However, the CPO does not take effect until April 8th, which is when my factory warranty expires. From there, I have CPO for 2 years and unlimited miles.
My thinking is that because the CPO is not active yet, that may be why it is uneffected by where I purchased it? I don't know... But 2 dealers confirming I have CPO is good enough for me.
#36
Three Wheelin'
Interesting. I would get something in writing for sure. Did you receive the CPO "credit card" proof of warrantee with the manuals? I was told by several Porsche dealers that a car is only a CPO car if purchased directly from an authorized Porsche dealer OR you purchase a current CPO car from a private owner. As soon as a NON authorized Porsche dealer titles the car for inventory or is sold out of the Porsche dealer network, the CPO is dead.
I passed on several "non-Porsche" dealer lots thinking there is no way they could be a CPO car.
Score for you.
#37
Three Wheelin'
When I bought my GTS two months ago, the dealer (non-Porsche) would not lower the price. A couple factors played into that :
1. The car had only been on the lot for a couple weeks
2. There was strong interest
I knew what KBB was. It was CPO and well-optioned. I negotiated with my trade instead of on the sale price. It also helped I was trading a BMW to a BMW dealer, so I was able to maximize my trade-in's price on all levels.
Point being... Know the market, understand what you're buying and where it stands in the market, and you won't go wrong.
1. The car had only been on the lot for a couple weeks
2. There was strong interest
I knew what KBB was. It was CPO and well-optioned. I negotiated with my trade instead of on the sale price. It also helped I was trading a BMW to a BMW dealer, so I was able to maximize my trade-in's price on all levels.
Point being... Know the market, understand what you're buying and where it stands in the market, and you won't go wrong.
M2toGT4,
Have you taken this car in for any CPO work? Also, was the title signed over to the non Porsche dealer or did the dealer float the title to you?
#38
Drifting
Again!!!
The CPO hasn't even begun yet! It's still under factory warranty! I've verified the car is CPO with 2 separate dealerships.
It is what it is at this point, anyway. I already own the car! If it ends up not being CPO, whatever! I've read they aren't all they're cracked up to be anyway. I planned on getting a Fidelity warranty. But when I'm old my CPO warranty begins April 8th after the dealer did a VIN CPO check (just today!) for me, that's who I'm gonna believe.
On top of that, this thread isn't about me and my CPO or non-CPO car! Sometimes people need to read all posts before replying.
The CPO hasn't even begun yet! It's still under factory warranty! I've verified the car is CPO with 2 separate dealerships.
It is what it is at this point, anyway. I already own the car! If it ends up not being CPO, whatever! I've read they aren't all they're cracked up to be anyway. I planned on getting a Fidelity warranty. But when I'm old my CPO warranty begins April 8th after the dealer did a VIN CPO check (just today!) for me, that's who I'm gonna believe.
On top of that, this thread isn't about me and my CPO or non-CPO car! Sometimes people need to read all posts before replying.
#39
Drifting
Interesting. I would get something in writing for sure. Did you receive the CPO "credit card" proof of warrantee with the manuals? I was told by several Porsche dealers that a car is only a CPO car if purchased directly from an authorized Porsche dealer OR you purchase a current CPO car from a private owner. As soon as a NON authorized Porsche dealer titles the car for inventory or is sold out of the Porsche dealer network, the CPO is dead.
I passed on several "non-Porsche" dealer lots thinking there is no way they could be a CPO car.
Score for you.
I passed on several "non-Porsche" dealer lots thinking there is no way they could be a CPO car.
Score for you.
#40
From the Porsche USA website:
This warranty is not valid if sold by any non-authorized commercial dealer or broker. If this vehicle is traded to a non-authorized Porsche dealer or broker for resale purposes, the Certified Pre-Owned Limited Warranty is void.
#41
Just looking at the online inventory of CPO 911s across the country (through the official Porsche website) and am curious what I can realistically expect to pay below asking price. What kind of margin are they typically working with on CPOs? I would hate to be aiming for an unachievable price.
My used 981S two years ago was different. It was a local car, previously CPOd but being sold at a BMW group dealer, not eligible. The price they had on it was high, fairly high for a non-CPO car with it's mileage. I offered about 7% under asking and they took 5. I drove away happy.
YMMV. As others have said, it depends on the particular car, particular timing, particular market, particular buyer, and particular dealer principle.
Personally a CPO Porsche is a hell of a deal, if you can find one with the set of options you can live with. I was a bit taken aback at how different Porsche's are configured by their owners when new. The amount of factory options is almost limitless it seems to me. So, buying used, you get an odd combination of lower price, since the market does not value options like original owners, but against that is the smaller availability of "stock" cars since many come potentially with personal choices that may or may not be to your taste. (as an example, my base Carrera had a sunroof, the rotors powder coated red. and the rear deck lid debadged - none of which I prefer. But it did have a 7MT, SC, and was in GT Silver - all of which I really wanted.)
Last edited by Rich_Jenkins; 12-14-2019 at 09:20 AM.
#42
My 981S was a CPO (and I even found the CPO card in the glove box) but when I called PCNA Atlanta to inquire about the warranty, they confirmed since it was sold by a BMW group the CPO warranty was N/A. Bummer.
#43
Interesting. I would get something in writing for sure. Did you receive the CPO "credit card" proof of warrantee with the manuals? I was told by several Porsche dealers that a car is only a CPO car if purchased directly from an authorized Porsche dealer OR you purchase a current CPO car from a private owner. As soon as a NON authorized Porsche dealer titles the car for inventory or is sold out of the Porsche dealer network, the CPO is dead.
I passed on several "non-Porsche" dealer lots thinking there is no way they could be a CPO car.
Score for you.
I passed on several "non-Porsche" dealer lots thinking there is no way they could be a CPO car.
Score for you.
I received my CPO "credit card" on my 991 about 2 months after the purchase was completed at the dealer in Long Island. After the time of sale, I requested and received a copy of the screen shot from the Porsche online dealer network with the VIN, the date(s) of the original warranty, and the date(s) of the extended two year additional CPO warranty.
In case it is helpful to anyone else reading this thread in future, as a lesson learned, personally, if I were doing a CPO purchase again, and had any qualms about the status of the warranty, I would request this information (screen shot of the dealer network with CPO date(s)) at the start of the deal to confirm the warranty status.
Last edited by Rich_Jenkins; 12-14-2019 at 09:51 AM.
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HkPlinker (12-14-2019)
#44
Just to clarify all... I called my "local" dealership (which is different than the Bellevue one, who also confirmed my car was CPO).
I had my more local dealer confirm the car is in fact CPO. However, the CPO does not take effect until April 8th, which is when my factory warranty expires. From there, I have CPO for 2 years and unlimited miles.
My thinking is that because the CPO is not active yet, that may be why it is uneffected by where I purchased it? I don't know... But 2 dealers confirming I have CPO is good enough for me.
I had my more local dealer confirm the car is in fact CPO. However, the CPO does not take effect until April 8th, which is when my factory warranty expires. From there, I have CPO for 2 years and unlimited miles.
My thinking is that because the CPO is not active yet, that may be why it is uneffected by where I purchased it? I don't know... But 2 dealers confirming I have CPO is good enough for me.
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Rich_Jenkins (12-14-2019)
#45
also side question, if I offer to pay cash up front for the car but “concede” to finance to benefit the dealer, does that play into my favor or do they not care how I pay?
Last edited by Dirty Jacket; 12-14-2019 at 11:30 AM.