To CPO or Not
#16
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Does anyone know who bears the risk on a CPO, i.e., who reimburses the dealer for repairs? Is it Porsche N.A.? If so, the actuarial analysis may not be as clear cut as in the case of third party insurers, as assumed by some posts above (e.g., At Law and Mike). Porsche may factor in things like customer good will and brand loyalty, providing support for resale values to boost new car sales prices, supporting dealer servicing depts, etc. And does is the dealer reimbursed dollar for dollar, or do they get less than a retail service customer would pay?
#17
Rennlist Member
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One year in and mine has almost paid for itself. Water pump started gong. Also a slave cylinder on my clutch was replaced. I would do it just for piece of mind.
#18
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My car has been flawless thus far (knock on wood). Two years really isn't that long. My car has been out of its original warranty for almost a year now. I have an extended warranty but I'm really wondering if I'll ever get to use it.
#20
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I had a stuck lifter on my '06 - $6k repair had I not had CPO. Seems like a no-brainer to me.
I don't think Porsche see CPO as insurance - it's just a mechanism for them to sell more cars through their dealers. Also, Porsche don't pay what you pay on the repairs. I bet if you have a problem out of warranty it will cost you bucks but the same problem in warranty probably costs Porsche peanuts. That being the case, it's silly not to spend $2k on CPO unless you're minted and don't care - but if you're minted, why not buy a new car?
I don't think Porsche see CPO as insurance - it's just a mechanism for them to sell more cars through their dealers. Also, Porsche don't pay what you pay on the repairs. I bet if you have a problem out of warranty it will cost you bucks but the same problem in warranty probably costs Porsche peanuts. That being the case, it's silly not to spend $2k on CPO unless you're minted and don't care - but if you're minted, why not buy a new car?
#21
Burning Brakes
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Yes on CPO. Bought my 2007 P car (47,000 miles) with Jan 2011 expiration on warranty and picked up the extended CPO (100,000 or 2 more years). Cost me $2 grand. I knew something wouldl go and Porsche will cover it. Already paid for defective battery, replaced homelink unit inside bumper, antenna for navigation unit. A $2,000 repair on this car is easily foreseeable sometime in the next 2 years. If nothing goes wrong, fine with me for the comfort I've had knowing I had it.
#22
Rennlist Member
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I had a stuck lifter on my '06 - $6k repair had I not had CPO. Seems like a no-brainer to me.
I don't think Porsche see CPO as insurance - it's just a mechanism for them to sell more cars through their dealers. Also, Porsche don't pay what you pay on the repairs. I bet if you have a problem out of warranty it will cost you bucks but the same problem in warranty probably costs Porsche peanuts. That being the case, it's silly not to spend $2k on CPO unless you're minted and don't care - but if you're minted, why not buy a new car?
I don't think Porsche see CPO as insurance - it's just a mechanism for them to sell more cars through their dealers. Also, Porsche don't pay what you pay on the repairs. I bet if you have a problem out of warranty it will cost you bucks but the same problem in warranty probably costs Porsche peanuts. That being the case, it's silly not to spend $2k on CPO unless you're minted and don't care - but if you're minted, why not buy a new car?
I paid an extra $3k to extend my CPO 2 years on my MB G-Wagen. It paid for itself easily on little stupid stuff like window regulators and door lock actuators. I will only look at CPO'ed cars for my next 911.
#23
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I''d like to think that these cars are built well enough that they won't implode when they reach a certain mileage or place in time. There's so much gloom and doom written about the expense that may be incurred if the car burps or farts...