DogWood

I'm looking at a 2011 S CPO, listed at $44k, only 22k miles and fairly well optioned
What (ballpark of course) do you think I can get the price down to?

the biggest problem in my mind is that the car is at a dealer on the other side of the country and I will need to factor in shipping.

TIA
-Doug

saeyedoc

How many miles?

c4racer

What does KBB say it's worth as a CPO?

DogWood

22,000 miles

DogWood

$43k to $47k

c4racer

Try for $42K but you may have to pay the asking price for it. Especially if it's just listed. They may not really negotiate the cpo prices. In the Sf Bay Area they don't seem to at Porsche or BMW. But there are plenty of buyers here for those cars and very limited inventory of certain cars like this one. So you may not have much leverage.

DogWood

Thanks C4, you confirmed what I was thinking ( and fearing)

armanslr

I just recently bought a CPO and after contacting numerous dealerships, they rarely want to budge on the correct car, and yours seems very reasonable priced. Low miles, CPO, and the price seems fair.

c4racer

I recently bought one too. 2013 with similar miles. The only cpo V8 model with under 30K miles in the country. They were getting calls from all over the country on it. I tried to get them to move $2K. They stood firm. I was the first to see the car so it was mine for the taking. I bought it for their price - which was right at the KBB price.
So in the end seemed fair.
Not a smoking deal or anything. But I think that is unrealistic on a cpo pano. There are a handful for sale in the whole country at any given time as cpo cars.

No regrets. It's a great car. I was lucky to find it locally. And I wouldn't want to own this car outside of warrantee. Not yet. Well see after 2 years based on track record.

DogWood

thanks for the input, that is what I was afraid of. I'll either have to find something closer to home, save up more and or be less selective about the color. (my daughter has told me in no uncertain terms which color she wants me to get :-)

skiracer

Not sure of the value of CPO, but my '10 PTT was acquired a year ago w/ 29k miles on the clock for mid-50's w/o a CPO. All recalls have been done so I'm just pocketing the cash and saving it for future repairs. After 15k miles of driving during my first year, no serious issues thus far. Check the obvious items: high pressure fuel pump, AH08 recall on CAM adjuster bolts and the air suspension compressor (if equipped) - otherwise these Panamera's seem to be very reliable vehicles. No regrets or worries here and no sleepless nights...

If the car you're looking at came from the other side of the country, I'd personally be far more concerned w/ salt/rust if it had been driven during the winter. But with only 22k miles it may be a garage queen that's never seen snow. Hope you find what you're looking for - these are incredible machines. GLWP!

DogWood

thanks Jim,
It's a southern car, so road salt exposure is probably rather slim - grew up in the midwest so I know all about the rust problems - had a 914 where there was almost no pan left under the drivers seat!
Had a hell of a surprise when I hit a deep puddle at speed in a thunderstorm and the entire inside of the car was sprayed with high pressure water!

c4racer

One might argue that car could represent the cheapest overall ownership situation for a 970 pano too. The mikes are so low that depreciation would be a lot less taking that car from 22K to 52K vs taking a cheaper non cpo car from 50K to 80K. Not to mention repair and maintenance costs will be much higher for the higher mileage car.

I would take a big picture wholistic view on costs and not just consider the purchase price in your decision.

DogWood

C4 I totally agree, that's a large part of the reason I was willing to consider something so far away. I'm not in a huge hurry, will keep looking and hope to find something closer to home.
Depreciation isn't a huge concern, however maintenance is, even though I expect to do most of it myself.