If Nick Murray can not even get his new Porsche, that is under the original Porsche factory warranty fixed (it's been in the shop for four months), then what is the value of a CPO warranty?

 

One guy, who has repeatedly been a whiny little bitch, is having warranty issues (I bet the issues are probably not represented accurately in his words) so you imply that warranty has no value?

c'mon. That's bull**** and you know it.

 

Got some CPO info to add.....car can't be certified unless you sell it to the dealership and then buy it back. Also, all scheduled service must be up to date or you'll get the bill for that as well. The in and out fees may also be steep and we all know that any frame damage is a no go. So those that decided to lease have the better hand when it comes to CPO. They have to buy the car off lease if they decide to keep it so the deal may be worth it for them. Everyone else, shop some warranties and post up what you find. Garage queens need more years and less miles. Daily drivers need miles and less years...........Phil

 

 

Yes.....this is the best scenario for a CPO purchase. He has to buy the car from the dealer so they'll just need to certify the car and add that to his residual buyout price.......Phil

 

Not sure I understand your math and seeing the "benefit" of leasing and buying at lease end. Tax considerations aside, if lease cost was $1600/mo, a 36-mo. lease cost nearly $58k. Add to this the buyout price of $56k and you're at $114k. Most GT4s stickered below $100k, so $14k seems like a healthy premium to pay for leasing....unless I am missing or misunderstanding something.

 

Update: As Phil T said above, going the CPO route via dealer may be best bet. My dealer told me that I would simply have them inspect the car to make sure it’s CPO-worthy (which it is), and then pay them (the dealer) my lease buy-out price when the lease ends next month. Pay the lease buy-out price, tax, and $3k or so for the CPO status with warranty. That extends factory warranty by 2 yrs, bringing it to a total of 6 yrs since taking delivery when new. And it will be the official Porsche factory warranty. Aftermarket parts excluded from the warranty, obviously. And as per the service manager, the 3rd party warranty companies like Fidelity may not offer extended warranties on GT cars, anyway...

 

Not implying, merely asking. He is also not the only one in that situation. My coworker has a new Macan (bought it two months ago), and it has a few electrical issues (won't start is the worst issue). It has also been at the Porsche dealer for over a month with no resolution in sight. I am just wondering what happens when they can't fix their own car? What is the value of the warranty? My coworker is giving Porsche every opportunity to fix it (he does not want to lawyer up). But what happens when they simply 'can't' fix it?

 

Here is CA you would lemon that car... take a look at your state's Lemon Laws.

 

Lots of states have lemon laws with different provisions laid out already. Porsche is probably trying to figure out how to fix the car and will fix the car when they understand it, in the mean time I'm sure your coworker has wheels they've given him so in that instance I wouldn't really understand what he has to "lawyer up" about. Some time things are harder to fix. I had a car sitting at Porsche once for three weeks and I had to drive a Macan in the mean time. Oh ****ing woe is me, I have so much to complain about having to drive this ****ty luxury car that is so far beneath my actual luxury car. Gimme a break, people are such dips.

 

What type of extended warranty was offered when purchasing the car new? Was it a Porsche plan or 3rd party warranty? Does Porsche even offer a extended warranty besides CPO cars?

 

First, a distinction in case you aren't aware (I wasn't aware until I started researching all of this)--the extended warranties that can be purchased for your car are different from the Porsche CPO warranty. The CPO process is essentially a multi-point inspection of the car to make sure that all components are in excellent working order, there is no significant damage, the brake pads have greater than 50% material remaining, the tire tread depth is adequate, etc. If the car qualifies for CPO and you wish to get this status, you pay for it and in turn get CPO status with an accompanying 2-year extension of the original Porsche factory warranty, with unlimited miles (to make a total of 6 years of warranty coverage since the time of new vehicle in-service date). In contrast, the other extended warranties that are available are administered by third-party companies. Even the extended warranty in the Porsche brochure called the "Porsche Vehicle Service Protection" extended warranty is run by Fidelity, a third-party company. There are threads in the GT3 section that suggest that Fidelity is the best among the third-party companies, but from what I understand, even Fidelity can be a stickler when it comes to honoring warranty claims. Sounds like some people have had to really jump through hoops to get claims honored. This seems to be a real issue if you have any aftermarket parts, even if they are in no way related to the issue at hand. "Your air conditioning has died and needs to be replaced? Sorry, won't pay for it. You have an aftermarket exhaust" etc. After all, insurance companies are in business to collect premium payments and not pay out anything in claims, so expect hassles from third-party companies. That being said, extended warranty costs are around $4k-7k for 3-5 year extensions after the original factory warranty expires. Sounds like overall, CPO is the safest bet if your car qualifies.

 

Conclusion: I had my car inspected for CPO status a couple of days ago. It qualified, so I paid $3500 for CPO status with the 2-year extension of the original Porsche factory warranty, for a total of 6 years of warranty coverage since taking delivery new. To accomplish this, the dealer bought my car from Porsche Financial at lease end, and I then bought the car from the dealer, all at the residual value/buy-out cost as specified in the lease agreement. So lease buy-out cost + $3500 for CPO status with warranty extension + $300 dealer labor to do CPO inspection + tax and the car is mine with the extended factory warranty. Overall seems like the way to go.

 

I'm glad that worked out for you. I guess it's one instance when leasing can pay off.

 

That worked out great!