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CPO: to renew or not ?

Old Feb 11, 2014 | 07:14 AM
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CPO: to renew or not ?

Long story short. Got my engine replaced by Porsche late last year. Drove it about 650km before storing it for the winter. My CPO ends in march and I need to decide if I should re-CPO my car for another 2 years for ~$4000.

*Engine replaced due to scored cylinder.

A part of me says YES for peace of mind since the engine hasn't been 'broken in' yet, although they are supposed to be broken in.

The other part of me says NO and use that money to maintain/upgrade my cooling system (3rd rad, lower thermostat, etc...)

Any thoughts on this ?
 
Old Feb 11, 2014 | 07:34 AM
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My take - Porsche maintenance costs add up quickly. CPO is worth the peace of mind, and you will easily have more than $4k in repairs as the car ages.
 
Old Feb 11, 2014 | 07:43 AM
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Originally Posted by DJSArcade
My take - Porsche maintenance costs add up quickly. CPO is worth the peace of mind, and you will easily have more than $4k in repairs as the car ages.
I hear what you're saying. I guess the question is if I will have more than $4000 in repairs in the next two years. I've never owned a new 911 before, always bought pre-owned, so I'm not sure what the upkeep is like in the first few years.
 
Old Feb 11, 2014 | 07:45 AM
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What year is it?
 
Old Feb 11, 2014 | 07:47 AM
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Originally Posted by djsarcade
what year is it?
2007
 
Old Feb 11, 2014 | 07:58 AM
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Unless I'm mistaken (and someone will correct me if I'm wrong) that model engine still has the IMS as part of the design.

For that reason alone I think I'd go for the CPO. Every Porsche I've ever sold, I sold due to maintenance costs or (perhaps unfounded) fear of engine failure. I've regretted selling every one, too!
 
Old Feb 11, 2014 | 08:11 AM
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There are several articles on the IMS problem. Here is one: http://www.europeanautotech.net/tech...earing-failure.
The class action lawsuit is described here: http://www.imsporschesettlement.com/

Note that while the lawsuit covers 2001-2005 models, an IMS was still used through 2008. It seems that Porsche made improvements in the 2006-2008 years that greatly lessened the problem.

Also, thanks for bringing up the concept of re-CPO'ing. Is it a true Porsche warranty or is it an aftermarket insurance product? I'll certainly be looking into it when my CPO runs out... unless I can't control myself again and upgrade the whole car instead.
 
Old Feb 11, 2014 | 12:56 PM
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Originally Posted by StormRune
Also, thanks for bringing up the concept of re-CPO'ing. Is it a true Porsche warranty or is it an aftermarket insurance product? I'll certainly be looking into it when my CPO runs out... unless I can't control myself again and upgrade the whole car instead.
It'd be a true Porsche CPO, not aftermarket.
 
Old Feb 11, 2014 | 01:34 PM
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Originally Posted by StormRune
unless I can't control myself again and upgrade the whole car instead.
that's the other option.

i wouldnt worry about too much about ims too much after 06+... but the stuff i have seen my friends experienced first hand (scored cylinders, d-chunk), as well as the other more-common-then-normal problems (broken engine rods etc etc) would make me very seriously consider a cpo for p-car with an M-series engine.

if it were a honda/toyota i haven't ever (and likely will never) purchase the cpo after initial warranty.

the engine replacement issues on the M-series p-cars seem to be hit and miss regardless if your car has 30k or 100k miles. ultimately, it depends on how lucky you feel.
 

Last edited by myw; Feb 26, 2014 at 07:39 PM.
Old Feb 11, 2014 | 02:35 PM
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Originally Posted by myw
that's the other option.

i wouldnt worry about too much about ims too much after 06+... but the stuff i have seen my friends experienced first hand (scored cylinders, d-chunk), as well as the other more-common-then-normal problems (broken engine rods etc etc) would make me very seriously consider a cpo for p-car with an M-series engine.

if it were a honda/toyota i haven't ever (and likely will never) purchase the cpo after initial warranty.

the engine replacement issues on the M-series p-cars seem to be hit and miss regardless if your car has 30k or 100k miles. ultimately, it depends on how lucky you feel.
With 4 kids, I'm not much of a gambling man anymore LOL Maybe it's time for a DFI.
 
Old Feb 11, 2014 | 03:13 PM
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You can NOT renew a CPO in the US. You would have to sell the car to the dealer and the dealer sell it back to you as CPOed.
 
Old Feb 11, 2014 | 03:15 PM
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Originally Posted by myw
that's the other option.

i wouldnt worry about too much about ims too much after 06+... but the stuff i have seen my friends experienced first hand (scored cylinders, d-chunk), as well as the other more-common-then-normal problems (broken engine rods etc etc) would make me very seriously consider a cpo for p-car with an M-series engine.

if it were a honda/toyota i haven't ever (and likely will never) purchase the cpo after initial warranty.

the engine replacement issues on the M-series p-cars seem to be hit and miss regardless if your car has 30k or 100k miles. ultimately, it depends on how lucky you feel.
What is an "M-series p-car"? Are you saying a M-series or P-car?
 
Old Feb 11, 2014 | 03:31 PM
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i mean an M-series engine porsche. M96/M97 911s and boxters/caymans (with similar engine designs) up to 2008.

Originally Posted by 911CSLover
What is an "M-series p-car"? Are you saying a M-series or P-car?
 
Old Feb 11, 2014 | 04:40 PM
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My is a 2007, daily driver, 60 miles per day and 62k miles. I am on 2nd year without warranty. Knock on wood, no issues so far. IMO I'm ahead cost-wise.

Don't get me wrong, if I weren't a cheapskate, I'll get the warranty which was over $2,000 per year.
 
Old Feb 11, 2014 | 06:52 PM
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Originally Posted by cab83_750
My is a 2007, daily driver, 60 miles per day and 62k miles. I am on 2nd year without warranty. Knock on wood, no issues so far. IMO I'm ahead cost-wise. Don't get me wrong, if I weren't a cheapskate, I'll get the warranty which was over $2,000 per year.
I agree with Cheapskate...No warranty.
Check history, maintenance...etc....
My 07S had 43k miles....cup holder replaced under warranty.
2011 4S now...37k miles....all systems go!!
 

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