CPO ed cars
#16
Rennlist Member
last year I was looking to buy a used jeep wrangler for my kid, found one at dealer, pretty good shape and "certified". well what they do is advertise it as such but they don't actually certify it until someone buys it. once they put it on the lift and looked at it carefully they called me and gave my deposit back. the car listing was changed to "as is".
#17
Negotiate these items before you close the purchase. For example, my leather dash was warped from sun damage. Negotiated that dealer would replace it as part of the purchase agreement. That would've been out of CPO. That said, I've also had a good experience with CPO overall - new headlights, key fob issue remedied. If you've got a good dealer nearby, it gives you some piece of mind.
#18
Instructor
#19
Three Wheelin'
Negotiate these items before you close the purchase. For example, my leather dash was warped from sun damage. Negotiated that dealer would replace it as part of the purchase agreement. That would've been out of CPO. That said, I've also had a good experience with CPO overall - new headlights, key fob issue remedied. If you've got a good dealer nearby, it gives you some piece of mind.
People should do what best matches their own personal risk tolerance. But understand that most appeals to "peace of mind" are a psychological ploy to emotionally manipulate people into buying expensive stuff they don't really need. There's good reason people run the other way when they see a life insurance salesman coming, no one likes being guilt-tripped into spending money.
CPO is an extended warranty that is rolled into the price of the car, and (on average) it makes money for the dealership or they wouldn't be doing it. If that's what you want then great, but if peace of mind is a huge concern then maybe it's not the right car in the first place. There are plenty of less exotic cars that offer far more peace of mind.
#20
Rennlist Member
well I'm thinking that people, me included, want some coverage against something catastrophic happening. it's not like you're going to the local scrap yard for a replacement if the engine seizes or pdk packs it in. it's the $20-40$k repairs that are rather concerning. some people don't buy homeowners insurance, but you see it in the news, some smoker or chef burned down their house and now they have a big gofundme.
#21
I've never understood the obsession with peace of mind when buying a car that can do 0-60 in just over four seconds and take corners at twice the posted speed. It's like we're buying life insurance rather than a high performance sports car.
People should do what best matches their own personal risk tolerance. But understand that most appeals to "peace of mind" are a psychological ploy to emotionally manipulate people into buying expensive stuff they don't really need. There's good reason people run the other way when they see a life insurance salesman coming, no one likes being guilt-tripped into spending money.
CPO is an extended warranty that is rolled into the price of the car, and (on average) it makes money for the dealership or they wouldn't be doing it. If that's what you want then great, but if peace of mind is a huge concern then maybe it's not the right car in the first place. There are plenty of less exotic cars that offer far more peace of mind.
People should do what best matches their own personal risk tolerance. But understand that most appeals to "peace of mind" are a psychological ploy to emotionally manipulate people into buying expensive stuff they don't really need. There's good reason people run the other way when they see a life insurance salesman coming, no one likes being guilt-tripped into spending money.
CPO is an extended warranty that is rolled into the price of the car, and (on average) it makes money for the dealership or they wouldn't be doing it. If that's what you want then great, but if peace of mind is a huge concern then maybe it's not the right car in the first place. There are plenty of less exotic cars that offer far more peace of mind.
Last edited by Atheist; 05-04-2023 at 03:38 PM.
#22
Rennlist Member
It is worth it. However, it does not mean someone shouldn’t perform all normal due diligence. I believe this is where some out of state buyers make mistakes. Assumptions are made that CPO = amazing car with zero blemishes or concerns. It’s still a used car and needs to be looked at prior to purchase.
There are some nuances to how the CPO transfers, etc. Unless you are the person/buyer signing the CPO docs then you’re buying one that has already started. That’s the easy tell with the start date. The big benefit (when performed properly) is that CPO does require service to be up to date at that moment in time. So there is absolutely value if you’re the buyer and validate the one you’re purchasing is up to date on service. Some owners get the oil changed every year but skip or hold off on the major services, e.g., 4yr.
In my experience I’ve always looked for the car first and not CPO. This is where I see a big difference with going to buy a Honda or something similar. There are so many different optioned 911s you can’t always find the perfect car and CPO. When the right car is found and it has CPO that’s the bonus. I agree it’s a dealer hook and a unique feature only available from Porsche (or private buyer with time remaining). And there’s cost associated with it. But again I see more variability in price based on how the car is equipped vs only factoring CPO.
There are some nuances to how the CPO transfers, etc. Unless you are the person/buyer signing the CPO docs then you’re buying one that has already started. That’s the easy tell with the start date. The big benefit (when performed properly) is that CPO does require service to be up to date at that moment in time. So there is absolutely value if you’re the buyer and validate the one you’re purchasing is up to date on service. Some owners get the oil changed every year but skip or hold off on the major services, e.g., 4yr.
In my experience I’ve always looked for the car first and not CPO. This is where I see a big difference with going to buy a Honda or something similar. There are so many different optioned 911s you can’t always find the perfect car and CPO. When the right car is found and it has CPO that’s the bonus. I agree it’s a dealer hook and a unique feature only available from Porsche (or private buyer with time remaining). And there’s cost associated with it. But again I see more variability in price based on how the car is equipped vs only factoring CPO.
#23
Cubsfan1 is dead on "The big benefit (when performed properly) is that CPO does require service to be up to date at that moment in time. So there is absolutely value if you’re the buyer and validate the one you’re purchasing is up to date on service. Some owners get the oil changed every year but skip or hold off on the major services, e.g., 4yr."
I don't know how much cost CPO added to the price but with 20K miles new plugs, filters, brake flush, tires, guaranteed two keys was 90% of perceived benefit. He also nailed it, CPO doesn't mean flawless, in fact CPO allows some amount of repaired body damage!!!!!!!!!!!!!!!!!!!! Doing it again CPO would not make a difference one way or the other with me, did a 20K mile engine need new plugs because it was 4 years old (no) giant air filter couldn't have been plugged blah blah blah. I paid retail for Porsche to do maintenance... On flip side individuals are delusion on their pricing so most time CPO is same price as individual without CPO so might as well get it for free.....
I don't know how much cost CPO added to the price but with 20K miles new plugs, filters, brake flush, tires, guaranteed two keys was 90% of perceived benefit. He also nailed it, CPO doesn't mean flawless, in fact CPO allows some amount of repaired body damage!!!!!!!!!!!!!!!!!!!! Doing it again CPO would not make a difference one way or the other with me, did a 20K mile engine need new plugs because it was 4 years old (no) giant air filter couldn't have been plugged blah blah blah. I paid retail for Porsche to do maintenance... On flip side individuals are delusion on their pricing so most time CPO is same price as individual without CPO so might as well get it for free.....
#24
Rennlist Member
I have been looking at 991's and i'm leaning toward buying a CPO car from a Porsche dealer
The dealer cars seem to be priced not that more than private sellers are asking (what they are actually selling them for is another story)
My question is...How much "faith" can you put into a dealer selling a CPO car...How fussy are they with the cars they CPO?
The dealer cars seem to be priced not that more than private sellers are asking (what they are actually selling them for is another story)
My question is...How much "faith" can you put into a dealer selling a CPO car...How fussy are they with the cars they CPO?
#26
Rennlist Member
So question, Can a 911 be CPO’d at any point in its existence?
I have a 2019 C2S in perfect running condition with 19k mi. I’d call the overall very good with some small chips up front. CPO is supposed to come off in 2025 I believe a maintenance always done by Porsche. Next year time for a major plus new tires.
If I trade it in for another Porsche will the next person be availed a new CPO period?
I think that person would be getting a great 911 in that case and I’d come away with a new one as well. Seems like the way to go.
I have a 2019 C2S in perfect running condition with 19k mi. I’d call the overall very good with some small chips up front. CPO is supposed to come off in 2025 I believe a maintenance always done by Porsche. Next year time for a major plus new tires.
If I trade it in for another Porsche will the next person be availed a new CPO period?
I think that person would be getting a great 911 in that case and I’d come away with a new one as well. Seems like the way to go.
Last edited by vanlieremead; 05-06-2023 at 07:24 AM.
#27
Three Wheelin'
Thread Starter
So question, Can a 911 be CPO’d at any point in its existence?
I have a 2019 C2S in perfect running condition with 19k mi. I’d call the overall very good with some small chips up front. CPO is supposed to come off in 2025 I believe a maintenance always done by Porsche. Next year time for a major plus new tires.
If I trade it in for another Porsche will the next person be availed a new CPO period?
I think that person would be getting a great 911 in that case and I’d come away with a new one as well. Seems like the way to go.
I have a 2019 C2S in perfect running condition with 19k mi. I’d call the overall very good with some small chips up front. CPO is supposed to come off in 2025 I believe a maintenance always done by Porsche. Next year time for a major plus new tires.
If I trade it in for another Porsche will the next person be availed a new CPO period?
I think that person would be getting a great 911 in that case and I’d come away with a new one as well. Seems like the way to go.
I someone has a 2017/2018 S Cab PDK they are going to trade.. hmmmm
#28
I don't have a lot of faith in the CPO process. I bought a CPO 997.2 C2S from a dealer in the south (I'm out of state), they're a Porsche Premier dealer, an Exclusive Manufacturer Partner and a Classic Partner. They're also pretty involved with the community, both car community and local community. With that, you'd think they'd have very high standards and would follow the CPO process to a T. However, this was not the case. On the CPO side they "missed" replacing the drive belt (could have been intentional, may not have been), even though it needed to be replaced. Now, when I brought this up to them, you'd think they'd instantly jump into action and authorize my local dealer to replace the drive belt and reimburse my dealer. No, they fought back and forth with me over 10-20 emails. It's not like I'd want a second new drive belt on there if it was already done, so I would have no reason to want this done unless it was truly not done. I believe there was something else they didn't do that they marked as having done or that should have been done, but I cannot remember as this was five years ago. Then we get into the gray areas of CPO and the % wear. For instance, my front brakes were at 55% pad life. The gray area between 50% (when things need to be replaced) and 55% is quite small. If I remember correctly, my local dealer marked it as 50% remaining when I had the car in, less than 100 miles after I received it. They replaced the rear tires as part of CPO due to being below minimum tread thickness but the front tires were at 5-5.5 years at the time. No issue there, I get that it hasn't met the age max yet, but just keep in mind that even the best of dealers are not going to be replacing things that they don't have to replace if it's even within a couple months or % of spec. They want to maximize their profit. There was also a pretty large mechanical brake issue that my local dealer and the regional tech from PCNA could not figure out, so I ended up selling the car to my local dealer (who was trying to fix it, obviously they knew about the issue).
Then we get into the condition and ethics of the dealers that are selling any car, but you'd hope that when you're spending top dollar on a CPO car, they'd be honest. I asked three very specific and simple questions. 1) does the car have any paint work (what are factory thickness levels). I was told no, it's all original paint. This was not the truth, I paint metered the car and it was very obvious the rear quarter was repainted. I also talked with the first owner who bought the car from the same sales guy and he indicated it was actually repainted prior to him getting the car due to some damage from when it was a PCNA exec car before he got it. 2) does the car have clear film. I was told yes, on the front bumper. The car did not have clear film, except on the tow hook cover. I understand how they may have quickly looked at it and thought it had film, but when you're selling a Porsche, I'd recommend an extra minute to verify that prior to telling a customer. 3) do factory wheels that are on the build sheet come with the car (it had aftermarket wheels in the pics that they sent me). I was told yes, the original wheels on the build sheet are included. They were not. When I flew down to sign papers on the car, they were a random set of other Porsche wheels, not the wheels listed. Yes, I did choose to buy the car even knowing these things were not as represented, which was not a great choice, but I have my reasons for buying it, I'd highly recommend that when flying down an inspecting a car you go down there with the expectation of not buying, instead of the expectation of buying.
There's very few dealers that I'd trust to buy sight unseen from. That list is also getting smaller and smaller after I saw a BAT ad for an M3 this past week where the seller (who was selling the car on BAT) had bought the car from a very reputable BMW specialty dealer who failed to disclose accident damage. There were some circumstances surrounding it that make the situation a bit challenging, however.
Then best way to look at CPO is a great warranty, that is certainly the truth, mine paid out probably near $10k in repairs while we were trying to diagnose the braking issue. It also should have baseline (50%+) minimum wear on components and you do have some level of recourse if you inspect the car and they didn't do something.
But in the case of my situation, I lost a tremendous amount of money within a year simply due to an unethical dealer when selling me a CPO car. A lot of the issues I mentioned were not with the CPO process itself, but some of your question did surround around how "fussy" they are. I would say, "not very fussy", even on a top dollar CPO car from a top quality Porsche dealer.
Best of luck with your search.
Then we get into the condition and ethics of the dealers that are selling any car, but you'd hope that when you're spending top dollar on a CPO car, they'd be honest. I asked three very specific and simple questions. 1) does the car have any paint work (what are factory thickness levels). I was told no, it's all original paint. This was not the truth, I paint metered the car and it was very obvious the rear quarter was repainted. I also talked with the first owner who bought the car from the same sales guy and he indicated it was actually repainted prior to him getting the car due to some damage from when it was a PCNA exec car before he got it. 2) does the car have clear film. I was told yes, on the front bumper. The car did not have clear film, except on the tow hook cover. I understand how they may have quickly looked at it and thought it had film, but when you're selling a Porsche, I'd recommend an extra minute to verify that prior to telling a customer. 3) do factory wheels that are on the build sheet come with the car (it had aftermarket wheels in the pics that they sent me). I was told yes, the original wheels on the build sheet are included. They were not. When I flew down to sign papers on the car, they were a random set of other Porsche wheels, not the wheels listed. Yes, I did choose to buy the car even knowing these things were not as represented, which was not a great choice, but I have my reasons for buying it, I'd highly recommend that when flying down an inspecting a car you go down there with the expectation of not buying, instead of the expectation of buying.
There's very few dealers that I'd trust to buy sight unseen from. That list is also getting smaller and smaller after I saw a BAT ad for an M3 this past week where the seller (who was selling the car on BAT) had bought the car from a very reputable BMW specialty dealer who failed to disclose accident damage. There were some circumstances surrounding it that make the situation a bit challenging, however.
Then best way to look at CPO is a great warranty, that is certainly the truth, mine paid out probably near $10k in repairs while we were trying to diagnose the braking issue. It also should have baseline (50%+) minimum wear on components and you do have some level of recourse if you inspect the car and they didn't do something.
But in the case of my situation, I lost a tremendous amount of money within a year simply due to an unethical dealer when selling me a CPO car. A lot of the issues I mentioned were not with the CPO process itself, but some of your question did surround around how "fussy" they are. I would say, "not very fussy", even on a top dollar CPO car from a top quality Porsche dealer.
Best of luck with your search.
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dak911 (05-06-2023)
#29
Three Wheelin'
Thread Starter
Your experience is unfortunate...But the bottom line is These are CAR DEALERS and most people trust car dealers less than Politicians..
I will only buy a car from a dealer that is within driving distance ... Buying even a CPO car is a gamble...I'd really like to buy a car privately from someone like me
I am selling my 2013 Boxster and have been very honest with the prospective buyers....(and I am very fussy) IF there was a problem with the car I would trade it rather than sell it to someone,,,
Hopefully the "prospective" buyer who "says" he wants the car will complete the deal when we get back from our cruise next week....then the "fun" starts....looking for a 991.....
I will only buy a car from a dealer that is within driving distance ... Buying even a CPO car is a gamble...I'd really like to buy a car privately from someone like me
I am selling my 2013 Boxster and have been very honest with the prospective buyers....(and I am very fussy) IF there was a problem with the car I would trade it rather than sell it to someone,,,
Hopefully the "prospective" buyer who "says" he wants the car will complete the deal when we get back from our cruise next week....then the "fun" starts....looking for a 991.....
#30
Three Wheelin'
If you plan on exclusively using a dealership for repairs then CPO makes sense as it is an excellent warranty. But if you DIY or use an indy then it's not such a great deal as dealer repair costs are significantly inflated, so the repair cost risk is much lower. You are paying for a warranty (rolled into the car price) against the high cost of dealership repairs, not the actual repair costs.