+1. Bingo. That's the same answer I got from my dealership as well.

 

Interesting. I wonder if anyone can share this "buy back" experience? Seems weird and I wonder if there would be any tax consequences. Seems a little off base, so I wonder if a random dealer that did not sell me a car would actually execute it. The Porsche brochure as part of the posted link seemed much clearer that Porsche would simply CPO a car if it was inspected and already covered by the factory warranty. I'm going to ask as well and post the answer.

 

In April my dealer "checked" this out and called me back. According to him, they have to buy the car from me then sell it back at a REALISTIC price and I would have to pay the 7% sales tax (plus the CPO inspection, repair, and CPO charges; plus the new registration fee; plus a dealer charge for their trouble). Overall, on a $55K 06S I'd be looking at $7-9,000 if there were no big repair items.

 

Holy crap! That's what I was afraid of. That's BS, really. I'll be curious if that's what the dealers in my area say too. Obviously that makes CPO a waste of money.

 

I think the intention here is not to incent people who buy new cars to keep them for a long time, they want you coming back to buy a new one. CPO allows someone to step-in to a fairly new car and keeps that important secondary market strong. Just my 2 cents.