Porsche CPO Program

fusilli

Heard various comments on different car manufacturers' CPO warranties. Currently have a MB that I bought CPO and almost got burned. MB initially declined to pay for an issue. I fought them and won. They covered it but wanted me to sign a disclaimer holding MB harmless for any injuries sustained or any other issues I had with the car going forward. I told the jackasses I would not sign it. I got the car back but felt beaten up. After 7 Benzes, I'm done. So, always loved the Panamera, and I'm now in the market. Looking at pre-loved. Any experience with Porsche CPO? Worth it or no? Thanks.

stever

I'm always dubious about those "141" point checklists that CPO cars tout, but some dealers are better at that stuff (and new car prep) than others. The extras that some programs offer (roadside assistance, loaner cars, etc.) may be worth the price premium to you.

Mr_Shiftright

Edmunds has a good article on this subject:

http://www.edmunds.com/car-buying/certified-pre-owned-cars-a-reality-check.html

kyfdx

When you buy CPO, what you are really buying is an extended warranty. So, that's the variable that you should concentrate on.

wsyoon87

Hello, don't mean to revive an old post but figured this is the most relevant post to inquire regarding Porsche CPO transfers.

If a Porsche is certified as a CPO and then sold to a second owner, the CPO warranty stays valid. But what happens if that second owner sells the car back to the dealership? According to Porsche CPO rules, it loses the CPO certification (because it was once sold to another owner as a CPO).

My question is, if I were to become the third owner, would the 6 year extended warranty from the new car warranty still stay in tact (including the 2 year limited extension)? I asked a dealership this question and they said once a CPO always a CPO because of transfer rules - it's just that that car won't go through the 141 point checklist again.

Can anyone confirm this? If this is true, what is a good source to review to see a regular used vehicle was once a CPO? And if this is true, why should one pay mark-up for a CPO?

Thanks a lot in advance!

kyfdx

@wysoon87 Those are good question. That we don't have the answer for.

Not that it's especially relevant, but I bought a BMW under those same circumstances. The CPO purchaser had traded it in to the BMW dealership, just a year after purchasing it. I caught the certification on the Carfax. The dealer wasn't even aware of it.

They confirmed it was still CPO, though they couldn't market it, or sell it as such. But, I ended up with two extra years of warranty, plus the 3 months it had left on the original 4 yr warranty.

At that time, it was the same way for BMW.... once CPO, always CPO. But, that doesn't mean the rules haven't changed.

Not sure how you'll be able to identify those vehicles, though. Other than luck.

wsyoon87

@kyfdx Thank you so much for the quick response. I was able to see a car via carfax report that a vehicle was sold as a CPO..

guess we'll see..

Do you have any insight to what discount rates CPO panameras are getting with the new model out?

kyfdx

wsyoon87 said:

@kyfdx Thank you so much for the quick response. I was able to see a car via carfax report that a vehicle was sold as a CPO..

guess we'll see..

Do you have any insight to what discount rates CPO panameras are getting with the new model out?

Sorry, we don't have any Porsche information, this month.