How much is CPO worth?

Porsche's CPO sure is a comfort when buying an expensive used sports car but how much is it really worth in $$?

how much is it worth? depends if you ever have to use it and what the cost of repairs would have been if you didnt have it. or its worth the peace of mind of knowing that any repairs (most) are covered. if you never need it, it was a waste of money. etc.

i'd pay a couple of thousand for the assurance it's taken care of... however, there is a big discrepancy right now when i compare CPO vs. non-CPO for 2002-2003 996s. Some dealers are selling CPO'd 996s for mid to high $50Ks!!! which i think is ridiculous... u can find a good 02-03 private party 996 for $37-42K no problem... i'd say at that price difference, i'd roll the dice... a new motor is $11-12K but would net me a couple grand more on the ultimate sale of the vehicle... so for that much, i'd roll the dice....

Is this a trick question? What is any insurance worth? New car warranty, CPO, extended warranty on a new television or appliance? For me, it was simply about peace of mind...I wanted to be protected from a catastrophic loss. For others, they may feel safe buying a non-CPO car and self-funding the cost of repairs. Do what you feel comfortable doing, based on your tolerance for risk. Insurance allows you to transfer risk to a third party, albeit at a price.

I think it depends on how much you are going to drive the car. I put 50,000 miles on my car while on the CPO warranty. Up until the very end it had not really saved me a lot, probably only around $500 on some relatively minor stuff, but then it saved me when the limited slip clutches failed and they had to replace the transmission. That was about $9,000 worth of repairs. My '95 993 was a CPO car and I doubt if either the new car warranty or the CPO warranty saved me more than $500 in the 3 years I had it. If I was buying a car that I only intended to drive sparingly, I would not worry so much whether I had it or not. But if you are going to really drive it, it is a really nice safety blanket to have. Bottom line the dealers tell me it costs them around a $1,000 to certify it plus what ever major items need to be replaced - mostly tires and brakes which have minimum tolerances they must meet. Most dealers I have seen jack up the price alot though when it is certified.

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I don't doubt that they do.

A CPO car also provides better service from the dealer as well as rental cars. I think CPO can add 5% to 10% of value to the car (if the CPO is brand new from teh dealer).

Worth every penny and peace of mind. Would not buy without if available.

There is a misconception about CPO's....they do not cover quite as much as people might be led to believe. I tried to get a list of covered items and conditions under which CPO would be in effect from Porsche and they would not release any sort of documentation on it. I was told that I had to bring it in and at the time they reviewed it, they would check the criteria that Porsche has and tell me then. That means that should you have to go in for a broken whatever-it-is....it may or may not be covered. It would be nice to know going in if something was covered.....like the lists they have for the extended warranties...but they don't. Big stuff like drive train is covered, but there was a discussion on another forum about the lack of information about what is and is not covered. I blew a radiator hose...not covered. Threw some CEL's and replaced the Maf....covered part of it...didn't cover the replacement clamps for the diverter valves. Logic?? dunno. Sort of like the Divine Mystery.

A CPO lets you sleep better at night at least for the two years its good for.

Chuck Jones is correct about the list of things covered. Some things are and some things aren't. In my 4 1/2 years of living under a CPO I never took the car in for something that was not covered, but then I hardly ever had to use it. But this is where a good service manager can become your best friend. They know how to work the system and can get things fixed and replaced under warranty that might otherwise be excluded. Most of them have to go through the list though each time to find out what is covered and what is not.

Both of my last two Porsche's have been CPO vehicles. My 993 turned out to have a heating/AC problem with must have been that way from the factory but hadn't been caught by the previous owner who mainly drove it in nice weather--not covered. So, on my 996, I tended to consider it to be more of an "extended power train warranty." The aftermarket warranties seem to be more comprehensive...but at least the CPO should handle in major issues and means that they inspected the car carefully enough to offer the CPO. The value (for me) was a good PPI (as they had a personal interest in doing it well), peace of mind...and reasonable expectation that I shouldn't face any really large expense before the CPO ran out.

rmill is right about developing a good relationship with your service manager. When I got my car back after they replaced the MAF....I saw the invoice that had "remove and replace DME"....I asked why they had to pull out the rear deck and r and r my DME. He said that they actually didn't do that but had to write it up that way inorder to get their money back from Porsche for the diagnosis and work they did on the MAF. He also made the comment...."We try not to look or comment on what the customer may have done to his car". I found this curious because it hinted that I had done something like mod it. I couldnt think of anything till it hit me that I did put in a Europipe system, and becasue is has the 100 cell cats, technically they could say that the 100 cell cats had led to the demise of the MAF. So the point of this is that you need to schmooze with the service manager....he can make or break what you have to ultimately pay for.