Is CPO an absolute must?
#31
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bb964 (09-30-2021)
#32
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Automobilist (09-29-2021)
#33
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#34
I was in your shoes a month ago.
991.1 or 991.2 GTS, CPO or no CPO.
I ended up getting the 991.2 gts that came with a remaining CPO for one year. I wanted the option to crank up the power with the boost mods.
first week having the car, pdk errors. Sent it in for a week to have the solenoid replaced. $4700 covered.
keep in mind I bought the car sight unseen online from a 3rd parry dealer that had 50/50 reviews.
I was going to entertain a fidelity warranty but I’m into modding and already have the Cobb tune, Kline headers, Kline cats, Kline exhaust. Intercooler and inlets on way. So at that point there is no point of a warranty and if something happens I can afford to repair it.
991.1 or 991.2 GTS, CPO or no CPO.
I ended up getting the 991.2 gts that came with a remaining CPO for one year. I wanted the option to crank up the power with the boost mods.
first week having the car, pdk errors. Sent it in for a week to have the solenoid replaced. $4700 covered.
keep in mind I bought the car sight unseen online from a 3rd parry dealer that had 50/50 reviews.
I was going to entertain a fidelity warranty but I’m into modding and already have the Cobb tune, Kline headers, Kline cats, Kline exhaust. Intercooler and inlets on way. So at that point there is no point of a warranty and if something happens I can afford to repair it.
#35
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Join Date: Mar 2016
Location: On a farm near a river in Washington
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Funny reading these posts... Guys afraid of a few miles, or thinking that a 2013 car is "long in the tooth"... And the guy that took his car back to the dealer 14+ times? Wow...
For 46 years I've been buying cars: regular daily drivers, current sports cars, vintage sports cars, vintage race cars, a few exotics, some bikes, a few RV's, etc.
I never buy an extended warranty, and rarely "CPO". I almost always buy from private parties (unless new, of course) and I qualify the seller almost as much as I qualify the car. I don't deal with flippers; if they haven't owned the car at least a couple years, and have title in their name; PASS. I only buy cars with a really good service history and no deferred maintenance. I also like to buy around 10% under what I could immediately sell it for. That covers most repairs that might be hiding. Usually takes a while to find the right car, but I almost always do.
With Porsche's; I vastly prefer lower optioned, simpler, versions of 911. All those option packages, are where a lot of the problems emanate.
For 46 years I've been buying cars: regular daily drivers, current sports cars, vintage sports cars, vintage race cars, a few exotics, some bikes, a few RV's, etc.
I never buy an extended warranty, and rarely "CPO". I almost always buy from private parties (unless new, of course) and I qualify the seller almost as much as I qualify the car. I don't deal with flippers; if they haven't owned the car at least a couple years, and have title in their name; PASS. I only buy cars with a really good service history and no deferred maintenance. I also like to buy around 10% under what I could immediately sell it for. That covers most repairs that might be hiding. Usually takes a while to find the right car, but I almost always do.
With Porsche's; I vastly prefer lower optioned, simpler, versions of 911. All those option packages, are where a lot of the problems emanate.
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raaizin (09-30-2021)
#36
Rennlist Member
You mean options such as the "engine", "cooling system", "head lights", "anti-sway bars", or "axle boots"?
#37
Intermediate
When I bought my 2017 911 base cab in October 2019, it did not come with a CPO. The car had sat at the dealership for almost a year (imagine that, it was a different era) and the dealer had removed the CPO to get the price as low as possible (just a hair under $80k). I asked about a CPO and I could have added it for around $3,000. I decided to gamble and skip it. It did have about six months left on the original warranty (the car was sold new in the spring of 2016). The only issue that I’ve had with it is the water pump, which is a known weak spot in these cars, and I had it replaced under the original warranty, I believe it would have cost around $1,000. I guess the CPO would last another six months or so if I had it but so far I’m $3,000 ahead (knock on wood!)
Personally, I don’t think CPO is worth it on newer Porsches (<3-4 years old). You’d have to have repairs of over $3,000 for it to be worthwhile. What about PDK failure? Yes, it’s scary and expensive. But how often does it happen? Let’s assume the failure rate was 10% (I doubt it’s even 1-2% in reality). If the cost of a new PDK is $20,000, the the expected value of a failure is $2,000. So you are paying $3,000 to avoid this and coming out $1,000 behind. But if the failure rate is 1%, the expected value is only $200!
Not to mention that for many people, Porsches are not daily drivers and they only put 3-5K miles per year on them. That is completely different than a daily driver that sees 12-15K miles per year, with wear and tear and rates of failures/problems that are probably 3-4x higher (I assume this is proportional to mileage). In that case, a CPO might make a lot more sense.
Now to be clear, this is my opinion and thought process and I’m not trying to change minds. It ultimately comes down to personal risk tolerance and this debate is probably up there with the eternal 991.1 vs. 991.2 and manual vs. PDK debates!
Personally, I don’t think CPO is worth it on newer Porsches (<3-4 years old). You’d have to have repairs of over $3,000 for it to be worthwhile. What about PDK failure? Yes, it’s scary and expensive. But how often does it happen? Let’s assume the failure rate was 10% (I doubt it’s even 1-2% in reality). If the cost of a new PDK is $20,000, the the expected value of a failure is $2,000. So you are paying $3,000 to avoid this and coming out $1,000 behind. But if the failure rate is 1%, the expected value is only $200!
Not to mention that for many people, Porsches are not daily drivers and they only put 3-5K miles per year on them. That is completely different than a daily driver that sees 12-15K miles per year, with wear and tear and rates of failures/problems that are probably 3-4x higher (I assume this is proportional to mileage). In that case, a CPO might make a lot more sense.
Now to be clear, this is my opinion and thought process and I’m not trying to change minds. It ultimately comes down to personal risk tolerance and this debate is probably up there with the eternal 991.1 vs. 991.2 and manual vs. PDK debates!
#38
Track Day
Bought one last year, car unseen from a different island. Headlights cracked on the inside, horn sticking they replaced the airbag, memory button messed up, all fixed thru CPO just a hair under $9k, zero out of pocket for me and got a free macan s loaner for 5 days.