Is a CPO Worth It?
05-11-2019 | 03:07 AM
#16
Nordschleife Master
Joined: Apr 2007
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From: Florida
Absolutely. I just notice that there are a lot of first time Porsche buyers who are under the impression that CPO = no issues, guaranteed. For the most part that's probably true but the story I referred to I think suggests that spending around $300 on a PPI even on a CPO car may not be a bad move. Especially considering what you're spending buying the car.
05-11-2019 | 01:40 PM
#17
Instructor
Joined: Jun 2018
Posts: 125
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From: Portland
Absolutely. I just notice that there are a lot of first time Porsche buyers who are under the impression that CPO = no issues, guaranteed. For the most part that's probably true but the story I referred to I think suggests that spending around $300 on a PPI even on a CPO car may not be a bad move. Especially considering what you're spending buying the car.
05-12-2019 | 02:04 PM
#18
RL Community Team
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From: San Jose, California
05-12-2019 | 05:30 PM
#20
Race Car
Joined: Oct 2004
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CPO is worth it if you were looking for an extended warranty anyways. However, if you're like many of us who accept the risk / self-insure, then you would not want to pay this extra amount.
The main question is about who you are... someone who pays for insurance so that you have payment predictability or someone who doesn't and is willing to take a potentially large hit to either fix something or sell broken and buy a replacement.
Personally, I have been in the latter camp my whole life and not sure that is going to change just because I have Porsche.
The main question is about who you are... someone who pays for insurance so that you have payment predictability or someone who doesn't and is willing to take a potentially large hit to either fix something or sell broken and buy a replacement.
Personally, I have been in the latter camp my whole life and not sure that is going to change just because I have Porsche.
05-13-2019 | 12:51 AM
#21
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From: DFW, TX
But it's one thing to take that risk if you bought a used Honda or Toyota, quite another for a Porsche where the prices for parts and labor are extraordinarily high. I have never purchased a used car, but if I did I probably would pay the CPO premium. The only exception would be if I had a comprehensive record of the service history of the car. If I could verify that all of the recommended service was performed and there were no repairs that concerned me, I'd be willing to take the chance of not having a warranty.
05-13-2019 | 02:33 AM
#22
Nordschleife Master
Joined: Apr 2007
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From: Florida
But it's one thing to take that risk if you bought a used Honda or Toyota, quite another for a Porsche where the prices for parts and labor are extraordinarily high. I have never purchased a used car, but if I did I probably would pay the CPO premium. The only exception would be if I had a comprehensive record of the service history of the car. If I could verify that all of the recommended service was performed and there were no repairs that concerned me, I'd be willing to take the chance of not having a warranty.