Noob Question
#1
Noob Question
Hello esteemed friends. I’m looking at buying this build - it’s 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 I’m a noob and don’t know what I don’t know.
Is there anything I should keep in mind or is the car missing anything important. It’s CPO.
thank you!
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Hello14 (06-06-2024)
#5
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.
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Hello14 (06-06-2024)
#6
Rennlist Member
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.
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.
Last edited by sk911; 06-06-2024 at 12:46 PM.
#7
Is there any way the PCM on the 21 model could get updated to the 23/24 models?
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#8
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.
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.
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!
Last edited by Hello14; 06-06-2024 at 02:26 PM.
#9
Rennlist Member
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!
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.
Last edited by sk911; 06-06-2024 at 03:16 PM.
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Hello14 (06-06-2024)
#10
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-
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.
#11
Rennlist Member
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.
#12
Hello esteemed friends. I’m looking at buying this build - it’s 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 I’m a noob and don’t know what I don’t know.
Is there anything I should keep in mind or is the car missing anything important. It’s CPO.
thank you!
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.
#13
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-
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.
1. I’ll ask for the CPO inspection report. I didn’t even think of that.
2. I have the carfax and it looks good.
3. As much as I don’t 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, I’d be paying slightly more. Also, there’s a long wait time to get an allocation and I don’t think I want to wait 6+ months - that’s the wait time right?
thank you again Good Samaritan!!
#14
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. I’ll ask for the CPO inspection report. I didn’t even think of that.
2. I have the carfax and it looks good.
3. As much as I don’t 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, I’d be paying slightly more. Also, there’s a long wait time to get an allocation and I don’t think I want to wait 6+ months - that’s the wait time right?
thank you again Good Samaritan!!
1. I’ll ask for the CPO inspection report. I didn’t even think of that.
2. I have the carfax and it looks good.
3. As much as I don’t 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, I’d be paying slightly more. Also, there’s a long wait time to get an allocation and I don’t think I want to wait 6+ months - that’s the wait time right?
thank you again Good Samaritan!!
The following users liked this post:
Hello14 (06-06-2024)
#15
Is it this one? https://www.porschemelbourne.com/cer...0f1a773f1f.htm
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.
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.