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Hello esteemed friends. Im looking at buying this build - its for sale at $145, MSRP was $150. I like the package bc of Aerokit, sport chrono package, and most importantly the Front Axel Lift. However Im a noob and dont know what I dont know.
Is there anything I should keep in mind or is the car missing anything important. Its CPO.
I believe it has the older PCM which was updated in 2022. Other than that the 21 is the same as the 24. An OK deal and at this price point what is a couple of thousand dollars if you really like the specs. I'd go for it.
Is it a private seller or Porsche dealer?...Thats the only way to get a CPO.
If private seller...definitely get a PPI done from a reputable company.
If it's a Porsche dealer and CPO...you should be good to go...warranty should be through 2027
For a 2021 6K mile "S"...these are the trade in values (what the dealer paid for it) and Retail values (What the dealer is selling it for)
So you may have some room to save some money...perhaps have them throw in some service of additional year on the CPO.
I believe it has the older PCM which was updated in 2022. Other than that the 21 is the same as the 24. An OK deal and at this price point what is a couple of thousand dollars if you really like the specs. I'd go for it.
Is there any way the PCM on the 21 model could get updated to the 23/24 models?
Is it a private seller or Porsche dealer?...Thats the only way to get a CPO.
If private seller...definitely get a PPI done from a reputable company.
If it's a Porsche dealer and CPO...you should be good to go...warranty should be through 2027
For a 2021 6K mile "S"...these are the trade in values (what the dealer paid for it) and Retail values (What the dealer is selling it for)
So you may have some room to save some money...perhaps have them throw in some service of additional year on the CPO.
Its CPO from a Porsche Dealer. However, is it still worth getting a PPI done on the car in that case. I dont want to take any risks as this is a lot of money and Im not physically seeing the car before I buy it (car is in FL, Im in CA).
And WOW. This is really helpful knowledge re pricing going in. Ill definitely negotiate and will follow up with you here with what I end up paying. Thanks!
It’s CPO from a Porsche Dealer. However, is it still worth getting a PPI done on the car in that case. I don’t want to take any risks as this is a lot of money and I’m not physically seeing the car before I buy it (car is in FL, I’m in CA).
And WOW. This is really helpful knowledge re pricing going in. I’ll definitely negotiate and will follow up with you here with what I end up paying. Thanks!
Porsche dealers usually work on a 20% minimum profit for CPO sales...so they probably paid around $120K with a $24k (20%) profit...that gets them to the $145K number. They may be willing to negotiate depending on the cost of the CPO work. CPO cost them for the very basic inspection with nothing found around $2K... but if it needed tires, that's another $2K, or any of the regular maintenance services (10k or 20k) that could be another $2K...so it starts to add up and their profit starts to diminish. I would think on a 6K mile car, nothing was needed (maybe tires).
They almost always buy cars offering average to rough numbers...but the same car after it's been CPO'd now has an extra clean value....lol!
I wouldn't spend the extra money on an additional PPI....no one knows these cars better than the dealer...plus the car has the remaining new car warranty plus the added 2 years CPO...you should be good.
Couple of additional points-
Ask for the CPO inspection report, it will let you know what issues (if any) needed to be corrected.
Get a Carfax (or similar) report to show ownership history status (fleet car, corporate car, lease, etc)
The Carfax will also show any reported accidents and where the car was originally sold and when any maintenance was completed
I highly recommend you catch a flight to Florida to put eyes on the car and to test drive it...flights are cheap compared to the price of the car.
I did the same thing you're doing...flew across country a couple of times only to be a little disappointed with the car when actually seeing it in person...thank goodness flights were cheap...I ultimately found an allocation and bought a new one. Funny this is ...the new one was less than a CPO one, plus I was able to build it to my specs and it will have zero miles. I'll be the first one to drive it! So, take a serious look into what you really need in this car and compare that to a new build...you may be surprised.
Porsche dealers usually work on a 20% minimum profit for CPO sales...so they probably paid around $120K with a $24k (20%) profit...that gets them to the $145K number. They may be willing to negotiate depending on the cost of the CPO work. CPO cost them for the very basic inspection with nothing found around $2K... but if it needed tires, that's another $2K, or any of the regular maintenance services (10k or 20k) that could be another $2K...so it starts to add up and their profit starts to diminish. I would think on a 6K mile car, nothing was needed (maybe tires).
They almost always buy cars offering average to rough numbers...but the same car after it's been CPO'd now has an extra clean value....lol!
I wouldn't spend the extra money on an additional PPI....no one knows these cars better than the dealer...plus the car has the remaining new car warranty plus the added 2 years CPO...you should be good.
Couple of additional points-
Ask for the CPO inspection report, it will let you know what issues (if any) needed to be corrected.
Get a Carfax (or similar) report to show ownership history status (fleet car, corporate car, lease, etc)
The Carfax will also show any reported accidents and where the car was originally sold and when any maintenance was completed
I highly recommend you catch a flight to Florida to put eyes on the car and to test drive it...flights are cheap compared to the price of the car.
I would expect any dealer that sells a CPO car also provide the carfax as SOP. Even the used junk car dealer on the corner now does.
I would expect any dealer that sells a CPO car also provide the carfax as SOP. Even the used junk car dealer on the corner now does.
Agreed...many CPO's on the Porsche finder site has the Carfax info as well. It may not be 100% accurate, but it will fill in some of the history voids a dealer may not have.
Hello esteemed friends. Im looking at buying this build - its for sale at $145, MSRP was $150. I like the package bc of Aerokit, sport chrono package, and most importantly the Front Axel Lift. However Im a noob and dont know what I dont know.
Is there anything I should keep in mind or is the car missing anything important. Its CPO.
That's at my local dealer - mtaches your description. They provide the link to the free Carfax and the CPO inspection report is available upon request.
Porsche dealers usually work on a 20% minimum profit for CPO sales...so they probably paid around $120K with a $24k (20%) profit...that gets them to the $145K number. They may be willing to negotiate depending on the cost of the CPO work. CPO cost them for the very basic inspection with nothing found around $2K... but if it needed tires, that's another $2K, or any of the regular maintenance services (10k or 20k) that could be another $2K...so it starts to add up and their profit starts to diminish. I would think on a 6K mile car, nothing was needed (maybe tires).
They almost always buy cars offering average to rough numbers...but the same car after it's been CPO'd now has an extra clean value....lol!
I wouldn't spend the extra money on an additional PPI....no one knows these cars better than the dealer...plus the car has the remaining new car warranty plus the added 2 years CPO...you should be good.
Couple of additional points-
Ask for the CPO inspection report, it will let you know what issues (if any) needed to be corrected.
Get a Carfax (or similar) report to show ownership history status (fleet car, corporate car, lease, etc)
The Carfax will also show any reported accidents and where the car was originally sold and when any maintenance was completed
I highly recommend you catch a flight to Florida to put eyes on the car and to test drive it...flights are cheap compared to the price of the car.
I did the same thing you're doing...flew across country a couple of times only to be a little disappointed with the car when actually seeing it in person...thank goodness flights were cheap...I ultimately found an allocation and bought a new one. Funny this is ...the new one was less than a CPO one, plus I was able to build it to my specs and it will have zero miles. I'll be the first one to drive it! So, take a serious look into what you really need in this car and compare that to a new build...you may be surprised.
REALLY appreciate the thorough explanation here. The reason I mentioned a PPI was bc of being extra certain in case the CPO inspection was faulty. But to your point, the car is under warranty and these dealers know the car very well.
1. Ill ask for the CPO inspection report. I didnt even think of that.
2. I have the carfax and it looks good.
3. As much as I dont want to lol, you are right - I should book a trip to Florida and see the car myself and test drive it. Thank you for the nudge here.
4. As for a new build, for the specs I want, Id be paying slightly more. Also, theres a long wait time to get an allocation and I dont think I want to wait 6+ months - thats the wait time right?
REALLY appreciate the thorough explanation here. The reason I mentioned a PPI was bc of being extra certain in case the CPO inspection was faulty. But to your point, the car is under warranty and these dealers know the car very well.
1. Ill ask for the CPO inspection report. I didnt even think of that.
2. I have the carfax and it looks good.
3. As much as I dont want to lol, you are right - I should book a trip to Florida and see the car myself and test drive it. Thank you for the nudge here.
4. As for a new build, for the specs I want, Id be paying slightly more. Also, theres a long wait time to get an allocation and I dont think I want to wait 6+ months - thats the wait time right?
thank you again Good Samaritan!!
Come tp FL and take a look at it. I glanced at the carfax and this car was sold in 21 at the same dealer it is now. In between it was mostly serviced here too...fair to assume its a local client who traded it in for his next car. We have that a lot here, people keep their cars for 2-3 years and onto the next. Barely put miles on.
That's at my local dealer - mtaches your description. They provide the link to the free Carfax and the CPO inspection report is available upon request.
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Noob Question
