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Advice on 2010 Exec Demo purchase

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Old 06-20-2010, 10:30 AM
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blanchre
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Default Advice on 2010 Exec Demo purchase

Hi folks

I am new to this forum -- enjoying reading the threads.

I am ready to purchase a 2010 Cayenne S but would really like to get some confirmation that I have found the right deal.

Current deal (that I walked away from yesterday to "think about") is for 2010 Cayenne S (sand white/beige) Exec demo (10,200 miles) with MSRP 73,010. The best deal I could negotiate was $58895 non CPO (remainder of mfr warranty) or $61,300 with CPO warranty. I drove it yesterday and is seems to be showroom with no identifiable wear and tear.

I have committed to purchasing a cayenne S and this seems like a good deal. This vehicle also has all the options I want and then some -- so I am inclined to accept.

Any comments or advice from the folks on this forum?
Old 06-20-2010, 01:01 PM
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OCNYPORSCHE
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I would get a 2011.
Old 06-20-2010, 01:58 PM
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blanchre
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Thanks -- I have seen that advice a few times on the forum so I certainly respect the perspective. For me, though, I am really not willing to go over ~ $60 K, I much prefer the performance of the V8 over the V6, and I put a lot of miles on my cars so I am particularly keen on the CPO warranty on a 2010 with only 10K miles on it. So, as much as I would like to go for the 2011 -- I just dont see it happening financially for me.

I note you have an '08 S though. Anything I should be worried about?
Old 06-20-2010, 02:19 PM
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pdxjim
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If you are going to keep it awhile and put a bunch of miles on it, go with the CPO.
Old 06-20-2010, 02:33 PM
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OCNYPORSCHE
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Originally Posted by blanchre
Thanks -- I have seen that advice a few times on the forum so I certainly respect the perspective. For me, though, I am really not willing to go over ~ $60 K, I much prefer the performance of the V8 over the V6, and I put a lot of miles on my cars so I am particularly keen on the CPO warranty on a 2010 with only 10K miles on it. So, as much as I would like to go for the 2011 -- I just dont see it happening financially for me.

I note you have an '08 S though. Anything I should be worried about?
No. The 9PA Cayennes have most of the bugs worked out. My 08 S is working great. I only have 20K miles on it. My 05 CTT is working great too with 45K miles. I really think you cannot go wrong with the 2010 one, but to be spending that much money and not capitalize on the new model, for me would be tough to resist. I think to have that lower weight, interior, and extra power is hard to resist for me.
Old 06-20-2010, 03:05 PM
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blanchre
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I hear you. It is tough to resist the 2011. Especially when if I buckled down I probably could come up with the extra $20K (or afford to finance the extra). But I like to have the extra cash for vacations and dining out (not to mention a kid in college in 4 years) so I am trying to be a little bit fiscally responsible. That sounds really funny in a Porsche forum but, you know, everything is a continuum and I just don't want to go too far down the slippery slope.

I have a '99 Boxster that I love and really don't pine too much for a newer one -- so I guess I can "make do" with a 2010 Cayenne.

... and yes, I will go with CPO.

But -- no one has really given an opinion yet on whether the 2010 deal I have sitting on the table is a good one. Any thoughts? They said it was their final price so maybe I cant do any better anyway -- but everyone wants to think they got a good deal.
Old 06-20-2010, 03:48 PM
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Stick out for the CPO for the lower cost. Which dealer ?
Old 06-20-2010, 04:25 PM
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The dealer is Paul Miller Porsche in Parsippiny NJ. They move a lot of Porsches so I was hoping to get better deal there. I already tried to get them to give me the $58895 deal to include the CPO -- they wouldn't bite and then I offered to split the difference to include CPO and they said they could go no lower than the offer I detailed in my original post and they let me walk out. I think they are also gouging me out of ~ $1K on my trade, but that car (2007 Lexus IS350) was driven pretty hard, has really high miles, needs new tires and has quite a few chipped paint marks on nose due to highway driving.

So ... I'd love to get another $1-2 K out of this deal but I also note that that local inventory is low on 2010 Cayenne S with low miles and this one is what I am looking for.
Old 06-20-2010, 05:55 PM
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I haven't been in the market lately, so I can't tell you if it's a good deal or not. But, if it's heavily optioned the way you want it, I say pay the $2400 for the CPO and drive it home. I shopped for 1 1/2 years and the one I bought had every option I wanted save one and was absolutely pristine. I thought I overpaid by a couple thou at the time (with CPO). A year later I don't care. It really is a good example and, in retrospect, not a bad deal. And I've long ago forgot about the money.

(hello, neighbor )

Last edited by Designer; 06-20-2010 at 06:17 PM.
Old 06-21-2010, 12:22 AM
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You are lucky you walked..way overpriced!

Also the new 2011 is such a big improvement, why saddle yourself with the older model.

The new 2011 Cayenne S is a better car than an 05 CTT..on every level. I know you are looking at a 2010. I drove 2008, 2009 and 2010 but could never see enough difference to get me out of the the 2005. The 2011 is a quantum leap! So unless you can get the 2010 for around $50K with CPO I'd pass..and wait for the market to come to you..... the 2011 will help significantly.
Old 06-21-2010, 06:30 AM
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If you really are going to drive it a lot the CPO becomes a very good deal - One of the benefits over new. Back when I was driving a lot I would look for a certified car with low miles and drive it for 80k over four years and always have it covered - selling it before the warranty ended.

If your not going to drive the 20K a year -- I think a better way to go is to get an older one. You can find Porsches that are two and often three years old that are perfect and option heavy. I see no big difference between the 08-10's -- and with the CPO your covered. I bought mine new only because they gave me a great price on an all black w/black trim and sport seats -- that no one wanted -- go figure??

When you factor the 10% miles cost and the normal discount that car would have received if purchased new -- Its nothing more than a milage credit off.

Last edited by yeldogt; 06-21-2010 at 08:12 PM. Reason: Two thumbs
Old 06-21-2010, 05:34 PM
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Originally Posted by blanchre
if I buckled down I probably could come up with the extra $20K (or afford to finance the extra). But I like to have the extra cash for vacations and dining out (not to mention a kid in college in 4 years) so I am trying to be a little bit fiscally responsible.
If money is tight enough to keep you out of the 2011, then pick up a 3 yr old CPO coming off of lease. No way I'd buy a new or near new 2010 with the '11's out. You'll get killed on depreciation. dave
Old 06-22-2010, 10:40 AM
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Andy E.
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In answer to your question, yes the price looks very reasonable. I doubt whether or not they will drop their pants even lower, however, a set of winter mats would be nice...no?
http://www.cars.com/go/search/detail...5&aff=national



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