I'm negotiating on an under 10k mile '06 and the dealer is trying to disuade me from CPO. Some of his logic makes sense, but part of me keeps thinking that getting an extra couple of years on the warranty might be worthwhile.

OTH, I almost always refuse to pay for additional warranty coverage - these things are just actuarial profit centers for the writers - it's like trying to beat the house in Vegas. I can remember laughing till my sides hurt when a Radio Shack nerd asked me (seriously) if I wanted an extended warranty, for something like $0.50, on a $2 phono cable.

We haven't beat the question to death, but the dealer's saying that he'd have to get $2k or so more for the car if I want it CPO'd.

Any thoughts? In service date is spring '06, so CPO would extend the warranty from spring '10 to 2012.

 

Pay the $2k and get the CPO for piece-of-mind.

 

I agree. I had the same choice when I was buying. CPO is pretty cheap peace of mind. Unlike an aftermarket warranty, you'll be covered by Porsche and shouldn't have messy issues getting things fixed under warranty.

 

1) Why would a dealer dissuade you from CPO? Is there something wrong with the car to make it not certifi-able? For an 06 with such low mileage, it should be CPO without you asking for it. In this market, that should be a selling point.

2) I am sure someone will correct me if I am wrong on this but CPO only covers the big stuff. It's not as extensive as the new car warranty.

3) No doubt I would get it with CPO, $2k is nothing compare to how much it cost to fix these cars. Obviously I would not buy an extended warranty that cost 25% of the item like your radio shack cable. But this is 2-3% of the vehicle cost here... However, I would make the dealer pay for it. Otherwise, what's the point of paying the premium at a Porsche dealership?

 

I would have a PPI done - in fact I did on a car with only 800 miles on her. Make sure the shop can do a DME scan (search threads for more on this) to see if there are excessive over-revs in the upper stages. When you are paying tens of thousands on a car, why not spend 3-400 to get more information?

Some will say it's wasting money since there is a warranty to repair any issues, but not all issues arise in warranty and if someone abused the car early in its life, then there may be lasting effects.

I like the idea of 2k for a CPO status - gives you double the warranty time.

 

BTW, I'm an actuary by training and please don't blame the actuaries for extended warranties. We didn't do it. It was the marketing guys!

 

I must be getting old. In my day we used to call them "used" cars. CPO?? Marketing.

 

Yes, you are wrong. When buying a car that is currently under warranty, the CPO extends that warranty by two years or to a max. of 100,000 miles. The coverage remains the same.
The OP describes the situation I found myself in when I purchased my '03. I opted for the CPO but required the dealer to eat the cost as part of the deal. To date, I've only needed warranty work on two occasions. Both were for loose internals in the cats. that caused a loud rattle at idle. Not a big deal but an expensive fix ($1800x2) that PCNA took care of as part of the CPO. Both occurred after the original warranty would have expired.

 

I got my 996 at 1100 miles a couple years ago - it was a CPO car, which to me, was a significant selling point. If you really want the car, it is relatively cheap peace of mind. If the dealer's hungry enough, he'll compromise with you on a price. Offer around $1000-1200 for the CPO - watch him grab it.

 

well, they're certifying that the car was previously owned. you know, in case someone mistakes them for new.

ridiculous.

 

Buying pre-owned, if I couldn't find a nice example from a forum member I would probably go the CPO route. Even small repairs can be costly.

 

"CPO" is marketting but it also signifies the extended warranty, fully checked out car, a little added comfort when buying, etc. But, yes, you are buying a used car by another name.

 

Definitely go for the CPO - peace of mind is invaluable. Just try to get the dealer to split the suggested price premium.

 

The OP describes the situation I found myself in when I purchased my '03. I opted for the CPO but required the dealer to eat the cost as part of the deal. To date, I've only needed warranty work on two occasions. Both were for loose internals in the cats. that caused a loud rattle at idle. Not a big deal but an expensive fix ($1800x2) that PCNA took care of as part of the CPO. Both occurred after the original warranty would have expired.[/QUOTE]

cats are covered 8/80 without cpo coverage.

 

The CPO only costs the dealer about $1000 plus the cost of whatever they have to replace - biggest expense usually being tires. The CPO gives you that extra two years plus a lot of extra miles. It also gives you Porsche roadside assistance for the warranty period. I have owned two Porsches with CPO's and also 3 Audi's and other than the newest Audi, the warranty saved more than the added CPO cost. German cars tend to be expensive to fix and the odds are in your favor that you will get benefit out of the CPO.

Of course one factor for me is that I put a lot of miles on the cars. Both Porsches made it past 90,000 miles on the CPO warranty as did two of the Audis. I might think differently if I was only putting 5,000 miles a year on the car.