Update: Yet another one Drooling and wanting a Porsche

[thstone]

When I took my Boxster into my local Porsche dealer for the PPI, the first thing that the service advisor asked was "Are you ready for the costs of maintaining a luxury car?"

I told him that I already had two BMW's and knew that any trip to the dealer was going to cost $400-$700 (or lots more!) and then he laughed, patted me on the shoulder, and said, "Ok, you know what you're getting into!"

Buying a luxury car (any type) isn't elitist but it is expensive and the costs are impossible to predict so you either need to be able to afford the repairs as they come along or be able to save up and have a reserve ready. Of course, doing work yourself can save a bundle but still, even the parts are much more expensive than standard vehicles.

My experience is that a CPO vehicle is break-even - meaning that you're likely to spend about the same $2,000 on repairs during the duration of the warranty that the CPO cost to get. The one thing that the CPO does provide is catastrophic coverage of a total engine failure.

I think that is all that the other posters were trying to say.