Cost to add CPO warranty
07-25-2023, 11:37 AM
#1
Cost to add CPO warranty
I am about to pull the trigger on a used Macan S, GTS, or Turbo. One that we are considering still has a few months of Mfg warranty. The vehicle is being sold at a Non-Porsche dealership but had been previously CPO'd at a Porsche dealer last year.
I talked to my Rep at my local Porsche dealership and they told me that in order to have it CPO'd not only would I have to pay the CPO cost but also pay tax on the car purchase again. They call it an "IN and Out Purchase for CPO". So essentially they buy it from me, CPO it and sell it back to me at the same price. Does this make any sense or correct? Is this their policy or this by law how it works?
I talked to my Rep at my local Porsche dealership and they told me that in order to have it CPO'd not only would I have to pay the CPO cost but also pay tax on the car purchase again. They call it an "IN and Out Purchase for CPO". So essentially they buy it from me, CPO it and sell it back to me at the same price. Does this make any sense or correct? Is this their policy or this by law how it works?
Last edited by Redvoodoo; 07-25-2023 at 12:04 PM.
07-25-2023, 01:15 PM
#2
As to the cost to CPO it, yes that’s correct in that you would have to pay for that process, assuming it passes the Porsche certification.
As for the dealer making you pay taxes as if you were buying it from the dealer, that’s new to me. I would call other Porsche dealers and see if that lines up with expectations.
As for the dealer making you pay taxes as if you were buying it from the dealer, that’s new to me. I would call other Porsche dealers and see if that lines up with expectations.
The following users liked this post:
///Bruce (07-26-2023)
07-25-2023, 04:23 PM
#3
Three Wheelin'
Payment of state sales tax depends on the state. Some states deduct the value of the trade-in from the sale price. In your case, that would be zero. BTW, the cost of CPO'ing can vary depending on what the dealer has to do to bring car up to spec, but expect at least a couple thousand dollars.
07-25-2023, 09:58 PM
#4
Pro
I am about to pull the trigger on a used Macan S, GTS, or Turbo. One that we are considering still has a few months of Mfg warranty. The vehicle is being sold at a Non-Porsche dealership but had been previously CPO'd at a Porsche dealer last year.
I talked to my Rep at my local Porsche dealership and they told me that in order to have it CPO'd not only would I have to pay the CPO cost but also pay tax on the car purchase again. They call it an "IN and Out Purchase for CPO". So essentially they buy it from me, CPO it and sell it back to me at the same price. Does this make any sense or correct? Is this their policy or this by law how it works?
I talked to my Rep at my local Porsche dealership and they told me that in order to have it CPO'd not only would I have to pay the CPO cost but also pay tax on the car purchase again. They call it an "IN and Out Purchase for CPO". So essentially they buy it from me, CPO it and sell it back to me at the same price. Does this make any sense or correct? Is this their policy or this by law how it works?
The following users liked this post:
Highline-Autos.com (08-25-2023)
07-27-2023, 12:42 AM
#5
I am about to pull the trigger on a used Macan S, GTS, or Turbo. One that we are considering still has a few months of Mfg warranty. The vehicle is being sold at a Non-Porsche dealership but had been previously CPO'd at a Porsche dealer last year.
I talked to my Rep at my local Porsche dealership and they told me that in order to have it CPO'd not only would I have to pay the CPO cost but also pay tax on the car purchase again. They call it an "IN and Out Purchase for CPO". So essentially they buy it from me, CPO it and sell it back to me at the same price. Does this make any sense or correct? Is this their policy or this by law how it works?
I talked to my Rep at my local Porsche dealership and they told me that in order to have it CPO'd not only would I have to pay the CPO cost but also pay tax on the car purchase again. They call it an "IN and Out Purchase for CPO". So essentially they buy it from me, CPO it and sell it back to me at the same price. Does this make any sense or correct? Is this their policy or this by law how it works?
08-25-2023, 09:04 PM
#7
Basic Sponsor
Rennlist
Site Sponsor
Rennlist
Site Sponsor
I am about to pull the trigger on a used Macan S, GTS, or Turbo. One that we are considering still has a few months of Mfg warranty. The vehicle is being sold at a Non-Porsche dealership but had been previously CPO'd at a Porsche dealer last year.
I talked to my Rep at my local Porsche dealership and they told me that in order to have it CPO'd not only would I have to pay the CPO cost but also pay tax on the car purchase again. They call it an "IN and Out Purchase for CPO". So essentially they buy it from me, CPO it and sell it back to me at the same price. Does this make any sense or correct? Is this their policy or this by law how it works?
I talked to my Rep at my local Porsche dealership and they told me that in order to have it CPO'd not only would I have to pay the CPO cost but also pay tax on the car purchase again. They call it an "IN and Out Purchase for CPO". So essentially they buy it from me, CPO it and sell it back to me at the same price. Does this make any sense or correct? Is this their policy or this by law how it works?
__________________
Your place for distinguished automobiles, proud provider of Fidelity & Freedom Warranty extended warranties. Visit us at Highline-Autos.com
Official RECARO Automotive Retailer: www.highline-autos.com/product-category/recaro/
Highline Autos Magazine - Volume XXI, Issue 03 https://bit.ly/3wTsNzM
Your place for distinguished automobiles, proud provider of Fidelity & Freedom Warranty extended warranties. Visit us at Highline-Autos.com
Official RECARO Automotive Retailer: www.highline-autos.com/product-category/recaro/
Highline Autos Magazine - Volume XXI, Issue 03 https://bit.ly/3wTsNzM
Trending Topics
08-26-2023, 10:03 AM
#8
RL Community Team
Rennlist Member
Rennlist Member
08-26-2023, 11:09 PM
#9
‘This is correct…CPO can only transfer from a private individual or a Porsche dealer. The dealer is basically buying your car and selling it back to you so they can CPO it. So, yes, you would have to pay tax on the purchase from The Porsche dealer.