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CPO Value (details below)?

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Old 10-20-2013 | 12:58 PM
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Default CPO Value (details below)?

I am seriously considering a leftover 991 Cab. It has three years left on the warrantee but they have CPO'd it so it has five years. I only put about 3,000 miles a year on the car and am wondering if the CPO is worth it in my situation. They have offered to reduce the price of the car by $2,000 if they eliminate the CPO.

The only thing I wonder about with giving up the longer warrantee is if something happened to the Cab top. I am sure those are expensive to replace or fix, but don't really know. In general, I think Porsches are high quality cars with relatively few issues, so I am not sure with my limited anticipated miles if it's worth $2,000 in purchase price to add the extra three years.

Thoughts?
Old 10-20-2013 | 01:06 PM
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IMO, get the CPO if you plan on keeping the car longer than 3 years, mileage notwithstanding.
Old 10-20-2013 | 01:15 PM
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If they drop the CPO, the reduction in price should be closer to $2,500-$2,800.....so you are leaving money on the table there.

Our tops are very robust. Don't worry about that. If you are, then I suggest you never move the top when the car is moving (as you can and are allowed to do so). Just don't do it as an added precaution.

I don't know all the CPO rules, but I assume the CPO would be transferable to the next owner (private party sale) and would make your car more valuable if and when you ever decided to sell it within that timewindow.
Old 10-20-2013 | 02:55 PM
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$2k.


That's a small price to pay.

Keep the CPO and just work it into your deal. If you keep the car longer than 3 years and one day you will be happy you did when that first expensive, surprise repair comes up.

Enjoy!
Old 10-21-2013 | 04:26 PM
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I have a 2004 996TT Cab which was built in June, 2003. Top is in quite fine shape.
Old 10-21-2013 | 06:58 PM
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Originally Posted by Chiboy
In general, I think Porsches are high quality cars with relatively few issues...


They are cars - period. Neither high nor low quality. And they break.
What if your PDK goes, or the convertible top goes, or heaven forbid an electronic issue pops up causing your car to stall.

With this type of car and all the technology that has been stuffed into it (Cab or no Cab), a $2000 CPO should be a non-issue for any buyer.

I'd strongly advise anyone against getting a tech heavy expensive car without a warranty.

The $2k CPO is just the beginning of a long financial journey.
You'll also be facing Winter wheels, winter tires, $300 oil changes and a $600 bill for a replacement tire (which is best done in pairs).

The CPO is well worth the peace of mind.
Old 10-21-2013 | 07:10 PM
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Originally Posted by duxsi


They are cars - period. Neither high nor low quality. And they break.
What if your PDK goes, or the convertible top goes, or heaven forbid an electronic issue pops up causing your car to stall.

With this type of car and all the technology that has been stuffed into it (Cab or no Cab), a $2000 CPO should be a non-issue for any buyer.

I'd strongly advise anyone against getting a tech heavy expensive car without a warranty.

The $2k CPO is just the beginning of a long financial journey.
You'll also be facing Winter wheels, winter tires, $300 oil changes and a $600 bill for a replacement tire (which is best done in pairs).

The CPO is well worth the peace of mind.
I'll be getting a 7 speed, but other than the PDK, your point is well taken.




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