I'm not sure what to do with this car after its lease is up. Here are the details.

2013 GTS with many options including LCA, PDCC, thermal glass, entry & drive, voice control, Bose, satellite radio. List price about $127,000. Leased for 3 years, 22K miles, lease will be up in a month. Residual is about $68,000.

Car interior looks like new, exterior is very good, a little very low bumper rash. It consumes under 1/2 quart oil per 10K miles. We really like the car and are interested in keeping it. It has an accident reported which consisted of running over some concrete and damaging front-end things low to the ground, front bumper (no other body damage), piping for cooling system and maybe some other fluids. That was several years ago and there have been no problems since the repair.

Can this car be CPO'd? Dealer says not if it was in an accident, but does the severity of the accident matter? Is an aftermarket warranty available?

Comparable cars (without the accident) are advertised at $15 - 20K higher and that's without PDCC so it seems like a very good value. Does it make sense to buy this car? I would keep it for at least the next 3 years (more likely 10 years given my history).

 

That's not a bad deal. I would keep it. Call a few dealers around the country and ask about 3rd party warranties. Compare prices. You can purchase them over the phone and prices will vary depending on dealer.

 

I have been following the GTS pricing and at $68k it is a good deal. Most of all, you know car, you know what is good and not so good, so instead of shelling out $125k plus or more, or going into another lease, keep what you have. And the model will be updated next year or so, so you keep your options open.

Also, please post what you find in terms of after market warranty. I would be interested in knowing more about it. My 2012 Panny S had a $125k sticker, 30k miles, and warranty will be over in 6 months. Love the car and all the options, will not change it out, so will need to go with after market warranty. thank you

 

Keep it. If accident was recorded it will hurt value. Good deal for $68k.

 

The good thing about a lease is that even after a reported accident, which lowers the car's value in most buyers' eyes, you can still just return it after the lease is up and not take the hit in value. Do you think the residual of $68K is low enough to reflect that loss of value?

And I still need to find out if the car can be CPO'd. Does the dealer determine that?

 

The going rate for a 2013 GTS is $80k...

The dealer should be able to CPO the car but I think it will cost you inspection and whatever else the car needs to meet the CPO specs.

The accident is always going to be an eyesore, did you make sure it was reported on the carfax?

Tough call, without the accident it would be a simple, yes keep the car

 

Certainly worth considering. Visit your dealer. Right now, Porsche is incenting dealer to move Panameras and Carreras. I sold my '11 P4S last weekend for a '15 991 GTS.

 

Does that mean they might make me a deal on the residual since they don't want the car back? That could work for me.

 

If you don't want to keep it, at least sell it back to the dealer and get some of that equity out of the car. In no sense should you just turn it in.

 

For those who desire closure... I bought it. The decision was made easier when I found out that it actually didn't have an accident reported and the Carfax is clean.

The dealer could have CPO'd it, but I intend to keep it for a number of years and a third-party warranty appears to be a better way to go.

 

Congratulations Enjoy..