Good thing I live in Canada ! I have that option

That's my thinking as well. I have this new engine that only I have put miles on. No maintenance has been done to it since it's brand new. At the same time, I fear that the engine hasn't been given a chance to show any inherent problems.

 

No one has asked the most important question. How long do you plan on keeping the car?

I personally wouldn't do it. I have always had cars out of warranty (and ones under warranty as well) and have always had an easy time with my older cars. My 2006 S has 45k miles and is as sound as they come. I stay on top of maintenance and do anything preventative that I need to.

What the hell do I need a warranty for?

 

100% Agree!

 

wow guys, for some reason i thought you guys would 100% recommend re-cpo'ing the car. great opinions here.

 

To each their own. I bought an aftermarket extended warranty about a year ago when the factory warranty was about to expire. Paid 2,900 as I recall it for 4 years/50.000 miles. No deductible and basically equal to CPO coverage. It's already paid me back 80% of that cost on little sh#t items that add up quickly on these cars. A broken frunk release switch and a broken driver's side door handle cost a total of almost $600. Then a busted water pump and serpentine belt 1,700.


With that, I have three years and/or 40,000 miles to make up the remaining $600 I spent up front. Given that it's hard to get anything repaired by the dealer for less than that I'm not concerned. And if by some miracle I keep the car for that long with no repairs, what's $600 for 4 years of peace of mind? Also.... if I sell the car, the unused portion of the policy is refunded on a pro-rated basis.

 

Extended warranties are insurance policies. Just like all insurance policies, they are written to favor the insurance company that offers them for sale, whether that be Porsche or a third party. Sure, some people will recoup all their money plus some more on the extended warranties, but most will not. If everyone broke even or made money on the policy, the insurance companies would be out of business.

If the extended warranty gives you peace of mind, and if you otherwise wouldn't have the money to pay for repairs, then maybe the extended warranty is a good thing for you.

I agree with what others have stated that I have never heard of renewing a Porsche CPO. The CPO warranty has a finite life. You can't keep extending it forever.

 

The more miles you have, the higher the warranty costs. I couldn't imagine paying over $2,000 per year for warranty.

 

Thanks for all the great feedback. My concern right now is that the car has wen stored over the winter. With 700km on the new engine, there hasn't been enough time for any inherent problems to arise (if any). By the looks of this winter we are having in Toronto, Canada, my car will likely be in storage past my warranty expiry.

Decisions, decisions.

 

I wouldn't pay $4K, I would use that amount and more to upgrade to a 997.2. I still have nearly 3 years left on my CPO, by that time I will change cars or take my chances, but based on my trends I will trade well before then.

 

Shouldn't a New Engine have its own warranty???

 

You would think...but it doesn't. It's no different if I had my radio changed. Everything ends when the CPO ends...unless, I actually paid for any part of my engine replacement, then I would have a separate warranty for the engine, from what I've been told.

 

Agree. I would be stunned if Porsche wouldn't support their own repairs for at least a year. Even if unofficially, you will have an engine with so few miles, it would justify a consumer protection action by Porsche. (they have been fairly good with this). Given that your motor is covered, you're spending $4000 to cover other things that will break, but in all likelihood will not total anywhere near $4000. As mentioned before, it's a factor of how long you own the car too - especially since you've already had it for a while. Also, consider how you dispose of it. The CPO will add good value in a PP sale, but is worthless at trade in.

 

How do you get your car re-cpo? Im coming out the CPO now and want to renew.

 

You can't in the US unless you sell the car back to the dealer. Dealer CPO the car and then sell it back to you.
In the US the Porsche dealer can only sell you and aftermarket warranty. Now other dealerships (non-Porsche) might sell the same warranty cheaper. You will have to call around. Nice thing about using the same company that the dealership sells is that they usually can avoid some of the red tape with repairs.

 

"If the Porsche Approved vehicle is purchased while the qualifying Porsche vehicle is still under the new vehicle limited warranty, the maximum coverage is up to six years or 160,000 kilometres, cumulative from the date the vehicle was first put on the road, whichever comes first. If the Porsche Approved vehicle is purchased after the Porsche new vehicle limited warranty has expired, the maximum coverage is up to two years or 80,000 kilometres from the date of the used vehicle retail sale, not to exceed a cumulative total of 160,000 kilometres from the original retail delivery, whichever comes first. The new vehicle limited warranties applicable to your Porsche vehicle are primary until they expire."

The paragraph above came directly from the PORSCHE Canada web site.

"Certified Pre-Owned Warranty is 2 years / 100,000 mls (160,000 km), once the vehicle is outside the original vehicle warranty period. "

This was from the Porsche USA site.

Both CPO's expire when the car hits 6 years regardless of how many miles are left on warranty.