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Old 11-04-2007, 03:12 AM   #1
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I just recently priced an extended warranty for my car, and it was about $3,200 for the most comprehensive plan with $0 deductible. It would cover the car for 4 years after the factory's.
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Old 11-04-2007, 04:50 AM   #2
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I was told by the dealer where I bought my car that it costs them about 2k to CPO a car, so 4k seems excessive unless they had to do extra work to get the CPO on this car. It is a very comprehensive list of items required to get the CPO.

If you could afford a newer car that still has any factory warranty left, then you could buy an aftermarket comprehensive warranty that would cost you about 2k.
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Old 11-04-2007, 06:21 AM   #3
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Mine was a CPO when I bought it. I had a pwr steering pump and hose and a driver window regulator all repaired under warranty. During that time I also had a rt rear wheel bearing and a left frt lower control arm that needed repairing and these items were not covered by CPO (it is NOT a bumper to bumper warranty).

Were the extra $$$ worth the savings in repairs? Probably not, but the thing that made the CPO attractive to me was that I was travelling 725 miles to buy my car and I had peace of mind that this one would be good since it passed their inspection. This was my first Porsche and I didn't know about this forum or PPIs, so the CPO was my "woobie".

If both cars were serviced at that dealership, you may want to look at their records and see what has been done (or not done) to them. That my give you an idea of what may be lurking around the corner.

Good luck with your purchase.
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Old 11-04-2007, 08:41 AM   #4
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Is it worth $4K? No.

...and, as a general statement without knowing a lot of the details, the price on both cars sounds very good.
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Old 11-04-2007, 08:52 AM   #5
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I wouldn't just because the mileage is pretty much past the point of where anything major should have shown up by now.
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Old 11-04-2007, 09:21 AM   #6
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i would also have to agree that $4,000 is a lot.
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Old 11-04-2007, 10:27 AM   #7
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it's not a competitive price but not outrageous either,those aren't brand new cars.
An aftermarket warranty with Warranty Direct (one of the best) with bumper to bumper coverage was quoted to me at roughly $1K a year for a minimum of three years, that was back when my car had just gone over 30K miles and was about two years out of factory warranty. And obviously the more miles and years go by the more the price of the warranty goes up.
Also, the aftermarket warranty came with many more restrictions than what a CPO warranty would come with. I think Warranty Direct has/had at one point ceased covering RMS replacement entirely or decided not to cover certain 996 911 engines because so many have gone bad.

I would see if they would be willing to go 2 years full warranty and tack on another 2 years for the engine and drivetrain. Or a full 3 years, particularly if you plan to drive more than 7K miles a year. Call up warranty direct and see how long two years will run and weigh your options. If these guys are unwilling to work with you move on.
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