Can you put a dollar value on CPO status?
#1
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Shopping for used Cayenne, my previous was a 2019 - it was CPO. Only had it two years, and never had a mechanical issue that had to be covered by a warranty. How much do you the additional price of CPO cars is worth over comparable cars that are simply "used"?
#2
Burning Brakes
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Last I heard from my Pcar dealer friend its $2,500 + depending on the model plus their cost for required parts (tires, brakes, etc.) to meet the CPO standards. Others may have more up to date info. Do a search on rennlist for aftermarket warranties. Some informative posts in the past few months. Fidelity seems to be the aftermarket warranty of choice.
Last edited by LDT; 12-02-2022 at 04:45 PM.
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chassis (12-02-2022)
#3
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Last I heard from my Pcar dealer friend its $2,500 + depending on the model plus their cost for required parts (tires, brakes, etc.) to meet the CPO standards. Others may have more up to date info. Do a search on rennlist for aftermarket warranties. Some informative posts in the past few months. Fidelity seems to be the aftermarket warranty of choice.
#4
Burning Brakes
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Yes........the newer it is and especially the lower the miles are the less likely it is that the dealer had to do anything other than inspect it and change oil/filter.
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chassis (12-02-2022)
#5
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I'm gonna throw out some numbers here. This is on a 2020 Base w/ 21K mi and 15 mos of factory warranty left (as of mid Dec). To make this car CPO, they would sell the car to the Porsche dealer ($790 doc fees to me - this is both dealers so total for the transaction), Porsche dealer does inspection ($600) Warranty cost ($2700 to Porsche) and this line "rest is compensation to ___ Porsche (the deealer) $1900. So Price of car + TTL then 790 + 2700 + 600 + 1910 so $6000 adding 2 yrs BTB Porsche CPO warranty (and that's if nothing has to be added to get it to meet CPO standard.
I don't think I can make that math work...That's a **** load of repair bills to zero that out, isn't it? I mean what are the chances I would incur $6000 worth of warranty work in a two year period which would be on a car that would be between 4-6 years old from in-service date? I'm going to include a copy of the text with the name of the dealer redacted - and I confirmed the figures with the sales manager at that particular Porsche dealer. Now without the warranty, I think the price of the car is quite attractive, but if I had that, that would put it the high range for a comparably equipped and mileage same MY car.
Text:
Warranty cost is $2700
Inspection for CPO $600
We will have to sell them the car so they will have to pay our doc and ETR fees $790.
The rest is compensation to <unnamed> Porsche $1910
That will get him a two-year extension on the warranty through Porsche, which can be upgraded for an additional year for $3K.
Six years from the in-service date, unlimited mileage, or seven years from the in-service date, unlimited mileage.
As long as the car doesn’t require anything to meet CPO requirements
Curious on thoughts
#6
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I tell customers when facing a "the car I want vs. the car with CPO" just get the car your heart desires, an extended warranty, and enjoy the ride!
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Your place for distinguished automobiles, proud provider of Fidelity & Freedom Warranty extended warranties. Visit us at Highline-Autos.com
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#7
Drifting
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The dealer is doing pretty well here. I guess it depends on your tolerance for potential after warranty repair bills. Sometimes it is something simple - that costs a lot to diagnose and repair. My 2021 GTS had a vacuum leak to one of the turbo chargers. They spent a whole day diagnosing, then digging around in the engine compartment - couldn't find it so had to take off the grill, front bumper wheels etc. Then ordered a part and put it back together again. I didn't get a bill but they had at least 16 hours into it ($3,600?). Then a week later I got another fault which was a different vacuum leak. It only took them a couple of hours to find and fix that one so $500 ?
I hate to think of what it would cost if something serious went wrong. So if it was me I'd have the 6 year warranty if I was going to keep the car 6 years. But, I'm thinking you can find a dealer with a similar unit CPO already and make a deal?
I hate to think of what it would cost if something serious went wrong. So if it was me I'd have the 6 year warranty if I was going to keep the car 6 years. But, I'm thinking you can find a dealer with a similar unit CPO already and make a deal?
Last edited by kayjh; 12-02-2022 at 05:46 PM.
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#8
Instructor
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so the reason I'm asking this is that with one particular late model Cayenne I'm looking at the seller (not a Porsche dealer) mentioned to me that if CPO designation and all that comes with was something I wanted (to make the car CPO) then we have to and could make the transaction flow through the Porsche dealer that they apparently do a good deal of business with (same city as business offering the car).
I'm gonna throw out some numbers here. This is on a 2020 Base w/ 21K mi and 15 mos of factory warranty left (as of mid Dec). To make this car CPO, they would sell the car to the Porsche dealer ($790 doc fees to me - this is both dealers so total for the transaction), Porsche dealer does inspection ($600) Warranty cost ($2700 to Porsche) and this line "rest is compensation to ___ Porsche (the deealer) $1900. So Price of car + TTL then 790 + 2700 + 600 + 1910 so $6000 adding 2 yrs BTB Porsche CPO warranty (and that's if nothing has to be added to get it to meet CPO standard.
I don't think I can make that math work...That's a **** load of repair bills to zero that out, isn't it? I mean what are the chances I would incur $6000 worth of warranty work in a two year period which would be on a car that would be between 4-6 years old from in-service date? I'm going to include a copy of the text with the name of the dealer redacted - and I confirmed the figures with the sales manager at that particular Porsche dealer. Now without the warranty, I think the price of the car is quite attractive, but if I had that, that would put it the high range for a comparably equipped and mileage same MY car.
Text:
Warranty cost is $2700
Inspection for CPO $600
We will have to sell them the car so they will have to pay our doc and ETR fees $790.
The rest is compensation to <unnamed> Porsche $1910
That will get him a two-year extension on the warranty through Porsche, which can be upgraded for an additional year for $3K.
Six years from the in-service date, unlimited mileage, or seven years from the in-service date, unlimited mileage.
As long as the car doesn’t require anything to meet CPO requirements
Curious on thoughts
I'm gonna throw out some numbers here. This is on a 2020 Base w/ 21K mi and 15 mos of factory warranty left (as of mid Dec). To make this car CPO, they would sell the car to the Porsche dealer ($790 doc fees to me - this is both dealers so total for the transaction), Porsche dealer does inspection ($600) Warranty cost ($2700 to Porsche) and this line "rest is compensation to ___ Porsche (the deealer) $1900. So Price of car + TTL then 790 + 2700 + 600 + 1910 so $6000 adding 2 yrs BTB Porsche CPO warranty (and that's if nothing has to be added to get it to meet CPO standard.
I don't think I can make that math work...That's a **** load of repair bills to zero that out, isn't it? I mean what are the chances I would incur $6000 worth of warranty work in a two year period which would be on a car that would be between 4-6 years old from in-service date? I'm going to include a copy of the text with the name of the dealer redacted - and I confirmed the figures with the sales manager at that particular Porsche dealer. Now without the warranty, I think the price of the car is quite attractive, but if I had that, that would put it the high range for a comparably equipped and mileage same MY car.
Text:
Warranty cost is $2700
Inspection for CPO $600
We will have to sell them the car so they will have to pay our doc and ETR fees $790.
The rest is compensation to <unnamed> Porsche $1910
That will get him a two-year extension on the warranty through Porsche, which can be upgraded for an additional year for $3K.
Six years from the in-service date, unlimited mileage, or seven years from the in-service date, unlimited mileage.
As long as the car doesn’t require anything to meet CPO requirements
Curious on thoughts
#9
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#10
Burning Brakes
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Whew, lots of math. Unless I missed it I don’t see the price of the car with and without CPO. Big Q is how long will you keep it? You can buy a warranty from Fidelity…..lots of guys here have. See highline-autos.com and others you can find in a search of this forum. To provide some perspective I purchased my 2020 base 4 months ago from BMW dealer without CPO. Original MSRP was just under $100k so it’s pretty well optioned. One local owner. Had 18,000 miles on it and 25 months/32,000 miles remaining on factory warranty. It’ll need new tires soon but I’m buying a set of new 21” takeoffs to replace the current 22” wheels. Paid $71,500 and it has depreciated maybe $10k since which I expected with the rollout of 2023 models. Considering my history of keeping a car less than 24 months I didn’t care about CPO. BMW dealer woulda done the same thing you described….BMW sells to Porsche, Porsche certifies and sells to me but I wasn’t interested. I’d say if you like it and the price is right, buy it. If you decide to keep it beyond factory warranty buy a warranty from Fidelity.
Last edited by LDT; 12-02-2022 at 06:04 PM.
#12
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Whew, lots of math. Unless I missed it I don’t see the price of the car with and without CPO. Big Q is how long will you keep it? You can buy a warranty from Fidelity…..lots of guys here have. See highline-autos.com and others you can find in a search of this forum. To provide some perspective I purchased my 2020 base 4 months ago from BMW dealer without CPO. Original MSRP was just under $100k so it’s pretty well optioned. One local owner. Had 18,000 miles on it and 25 months/32,000 miles remaining on factory warranty. It’ll need new tires soon but I’m buying a set of new 21” takeoffs to replace the current 22” wheels. Paid $71,500 and it has depreciated maybe $10k since which I expected with the rollout of 2023 models. Considering my history of keeping a car less than 24 months I didn’t care about CPO. BMW dealer woulda done the same thing you described….BMW sells to Porsche, Porsche certifies and sells to me but I wasn’t interested. I’d say if you like it and the price is right, buy it. If you decide to keep it beyond factory warranty buy a warranty from Fidelity.
#13
Burning Brakes
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It is indeed spectacular. You will not be disappointed. I’ll try to take some interior pics tomorrow and post them here. Getting dark here now.
#14
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Burning Brakes
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