Is CPO worth $4k
#1
Is CPO worth $4k
I'm considering an 02 TT car. The car is currently under CPO warranty until sping. The dealer offered to renew the CPO for $4K, which would give me 2 years from the time of purchase and I'll forfeit the remaining warranty from the current CPO. Alternativly I can get fidelity platinum extended warranty for 4years for $2.5K, which will start after the cpo expires.
What say you? Is the CPO worth that much?
What say you? Is the CPO worth that much?
Last edited by PeterK; 10-28-2009 at 02:51 PM.
#3
I'm considering an 02 TT car. The car is currently under CPO warranty until sping. The dealer offered to renew the CPO for $4K, which would give me 2 years from the time of purchase and I'll forfeit the remaining warranty from the current CPO. Alternativly I can get fidelity platinum extended warranty for 4years for $2.5K, which will start after the cpo expires.
What say you? Is the CPO worth that much?
What say you? Is the CPO worth that much?
#4
How many miles on the car currently?
The Dealer CPO will cost (them and you) $2K but they may need to add $2K more to get it to CPO specs (tires, etc) are the most obvious things. Ask them if they need to do anything to the car to get it to the CPO level. Mine needed tires, a radio fix, new fog lights and a few other minor things.
I found it odd that they could CPO an 8 year old car but they knew the history and service which may make your car a good purchase as well.
If the local P-car dealer uses Fidelity and they have no problems with claims I might go with longer term. Keep in mind that you might be limiting your mods to keep the warranty intact.
The Dealer CPO will cost (them and you) $2K but they may need to add $2K more to get it to CPO specs (tires, etc) are the most obvious things. Ask them if they need to do anything to the car to get it to the CPO level. Mine needed tires, a radio fix, new fog lights and a few other minor things.
I found it odd that they could CPO an 8 year old car but they knew the history and service which may make your car a good purchase as well.
If the local P-car dealer uses Fidelity and they have no problems with claims I might go with longer term. Keep in mind that you might be limiting your mods to keep the warranty intact.
#6
I think I'm leaning toward the fidelity then. I offered them $3.5 for the CPO status but they refused. Told me that tires are going to be a major expense as the current thread , while still above 50%, is below spec of 80% that is required for CPO. Therefore they'll have to replace all four tires. I'm on the other hand will likelly to get at least 5-8K miles out of these before the wear is at the thread mark.
#7
I spent $3.5K on a 6yr fidelity warranty in June... I've already had the entire sunroof and subassemblies replaced to the tune of almost $3000. Fidelity just paid for the work with the dealer, it is by far the easiest experience I've had for warranty work.
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#8
I think I'm leaning toward the fidelity then. I offered them $3.5 for the CPO status but they refused. Told me that tires are going to be a major expense as the current thread , while still above 50%, is below spec of 80% that is required for CPO. Therefore they'll have to replace all four tires. I'm on the other hand will likelly to get at least 5-8K miles out of these before the wear is at the thread mark.
http://www.cars.com/go/advice/shoppi...inspection.pdf
Make sure you get a PPI from any independent dealership or mechanic (not from the selling dealer!) Car dealers lie, period. they just can't help themselves....
#9
I think I also replied in the other thread but these cars are rock solid...and there's no reason for a warrenty company to offer these if they didn't think they would make money on it.
If it's stock, truly no point....if modded, i don't know if a warrenty would still hold water anyway. I'd say skip and use the $4K elsewhere or keep on the side for maintaince
If it's stock, truly no point....if modded, i don't know if a warrenty would still hold water anyway. I'd say skip and use the $4K elsewhere or keep on the side for maintaince
#11
This touches on one problem with a CPO- the holder of the warranty and the mechanic are both "Porsche". (Not exactly, but if a dealer looks the other way, he can loose quite a bit)
As far as others 'looking the other way' it all depends on how the situation develops- you cannot bank on it, that's for sure.
#13
This touches on one problem with a CPO- the holder of the warranty and the mechanic are both "Porsche". (Not exactly, but if a dealer looks the other way, he can loose quite a bit)
As far as others 'looking the other way' it all depends on how the situation develops- you cannot bank on it, that's for sure.
As far as others 'looking the other way' it all depends on how the situation develops- you cannot bank on it, that's for sure.
I'm considering an 02 TT car. The car is currently under CPO warranty until sping. The dealer offered to renew the CPO for $4K, which would give me 2 years from the time of purchase and I'll forfeit the remaining warranty from the current CPO. Alternativly I can get fidelity platinum extended warranty for 4years for $2.5K, which will start after the cpo expires.
What say you? Is the CPO worth that much?
What say you? Is the CPO worth that much?
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