Has anyone who purchased an used 911 with a CPO actually had to use it? Was it successful?

Does a CPO cover all the equipment, parts and conditions that a new car warranty covers?

Just my estimate from shopping online sites, but it seems 20% to 30% of used 911 are CPO cars and they appear to command a $3,000 to $5,000 premium.

Is it worth it? Or is it more a peace of mind guarantee?

Obviously a 1 or 2 year old car has a less likely chance or having a major breakdown, but the cost of a CPO is almost the same as an older car.

Since this is just an insurance policy, a bet against breakdowns, you would think the insurance underwriter has already done the extensive probability calculations and know exactly the chance of each car using it's CPO policy.

 

The CPO underwriter is PCNA, and IMO an extended warranty is always a good thing.

 

I tend to agree. Statistically, you are unlikely to recoup the value of the extra paid for the CPO based on the % likelihood of a costly repair. However, even if its 1% someone has to be that 1% and I would not want to gamble that it was me. I wouldn't buy used without a CPO any more (my '03 was not, but I traded it before the original factory warranty was up).

 

I think CPO is a must to have, i have it and used it several times. it makes visits to a dealer totally painless.

 

My car was a CPO. That means the dealer went through a more thorough inspection of the vehicle before sale (before PCNA will allow it to be a CPO). The CPO used to be limited. Now it seems to be a full extension of the bumper to bumper warranty. I think it's worth the money as I would wonder what's going on with a car that doesn't qualify...as well as, it helps reduce concerns of why the vehicle was traded in.

 

Almost everything you need to know about CPO - http://www.porsche.com/usa/pre-owned-vehicles/approved/

Except whether you think it's worth the extra money.

 

Thanks for everyone's valuable input. I like the phrase, "..makes the dealer visits painless" the best.

Sorry for all the initials, but is a CPO inspection essentially the same process as a PPI inspection if done by the dealer? So if you were buying a CPO car, you could forego the PPI?

 

If you have a good relationship with the dealer and they are local then CPO should suffice. If you're buying outside your area many would suggest getting PPI done by independent folks in addition to CPO.

There is a specific CPO checklist used by the Porsche dealer and you'll get a copy of it with all the CPO materials on purchase. Many independents use the same checklist for the PPI.

 

I bought my car one year ago w/ CPO. During an Oil Change at the dealer, they noticed the water pump needed to be replaced. It didn't fail yet but they just replaced under warranty. That's half of the cost of the cpo right there. Who knows what'll pop up this year. I'll probably get an extended warranty after that just for piece of mind.

 

i got a brand new engine...yes...i think its worth it

 

its a must have - but it is NOT an extension of the factory bumper to bumper warranty - but it does cover the big things like a blown engine - depending of course on how you blew it

 

My 2009 was 11 months old when I got it CPO... still has the factory warranty until September 2013.

Since my car has the remaining 2 year warranty, I don't understand why it was CPO'd?

 

Simple...its an additional selling point.

 

not exactly...in mid 2008 porsche changed the CPO warranty coverage so it is basically an extension of the new car warranty.

 

Why would you not want it to be CPO'd? You realize you've gained another 2 years on top of the original warranty through this?

My CPO has paid for itself about 3 times over now, I've had suspension linkages replaced, faulty control arms, PCM/HVAC panels replaced and more rattles than you could imagine. I'm strongly considering buying an extended warranty once my CPO runs out in 2011, 9/11 to be precise