Edmunds.com | Inside Line | Auto Observer Your Account | Help | Directory
You are here:
![[F]](http://a332.g.akamai.net/f/332/936/12h/www.edmunds.com/media/townhall/webxicons/site.gif){kind=small}
Forums
Prices Paid: Buying & Leasing Experiences Porsche 911 Carrera Prices Paid and Buying Experience
66 messages, Last post on Dec 01, 2009 at 11:23 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
|
|
|---|---|
|
Replying to: sameol6 (Sep 15, 2007 7:16 pm) The Porsche Certified program is a warranty and not a service contract. It is for 100,000 miles and basically the same as the new car. The way they have it set up is you get the same dispute resolution as applied on the new car warranty. That makes the Certified program warranty actually better than the new car one. Porsche does not charge for the Certified program car, but the dealer may charge a fee for the inspection, etc. Many try to tack on as much as $1,500, but is all additional dealer profit.
|
|
|
Replying to: ringleader6 (Sep 16, 2007 4:27 pm) Porsche is not the most profitable car company in the world by accident...here nothing is "free"...
|
|
|
|
|
Replying to: vwguild1 (Sep 19, 2007 1:52 pm) You are correct about the requirements, however you have been misinformed concerning the charges. Whomever has told you this, possibly a salesperson, may not know the true facts either. This is a high added profit maker for the dealer which many times is very protected. I have found the same true of many factory incentives (not of Porsche) passed to the dealer with intention to be passed on to the consumer, but the dealer will keep it all for himself. I recently proved several metro Infiniti dealers were concealing a $5,500 spiff on 2007 QX56 models from the sales force and the dealers were making the entire ADP, sharing only with the F&I managers. Porsche receives, nor charges a dime for the Certified Warranty. I have litigated this issue, and was surprised to learn the true facts. Anytime someone pays for the Porsche Certified, it is purely added dealer markup which generally the finance officer, salesperson,and management share, the service manager and technician also get a cut. This arrangement is just like the doc prep fees are shared among many of the store employees surprisingly including the receptionist, secretary, etc. I personally believe this is good business, knowing the lady who answers the phone and takes messages may want to take care of me for a future spiff. Brumo's even gives a chunk of it for cancer research.
|
|
|
Replying to: ringleader6 (Sep 19, 2007 4:05 pm) Why in the world would they do that? What do they possibly have to gain? Sorry.. but, that makes no sense at all. regards, kyfdx
|
|
|
|
|
Replying to: kyfdx (Sep 19, 2007 4:09 pm) Porsche USA charges and receives absolutely nothing from the additional dealer markup for a Certified Car warranty. It is part of the overall dealer relationship to encourage trade ins with Porsche. This warranty cannot be purchased for any amount of money except for and only for Porsche cars which have been bona-fide titled to an arms length purchaser who later trades it back to an authorized Porsche dealer. NO exceptions, you cannot add it to an original purchase, you cannot buy a Porsche traded to a Mercedes dealer and take it to a Porsche dealer to have it certified. The program is an extended warranty beyond the original one, and it is tied directly to the same dispute resolution process as dictated by the applicable lemon law for a new vehicle. In fact is processed by the same arbitrator as the applicable lemon law. This program is a tremendous aid for a Porsche dealer and is set up by Porsche USA to aid the dealer to make a trade thus selling another new Porsche unit. You cannot buy a Porsche from an individual, take it in to your dealer and have it certified. Has to be purchased from a Porsche dealer. That is where Porsche makes its money on this program, selling another new vehicle. It also enables and injects somewhat of a support to the resale value of these vehicles, so you do not see the pounding like you get with other makes with low mileage. Due to some problems in Magnum-Moss and for other legal reasons, Porsche does not charge a dime for this program, or share in the profits from the dealer. You do not see it as a line item charge paid, it is added to the price of the vehicle by the selling dealer So, it does make sense, and as I might add quite clever
|
|
|
I still don't see how Porsche makes money off of the CPO car? The dealer jacks up the price, Porsche USA sees no money, yet still provides an extended warranty? For free? Doesn't sound very clever to me... Or, believable.. Sorry, kyfdx |
|
|
Replying to: ringleader6 (Sep 20, 2007 3:48 pm)
|
|
|
|
|
Replying to: vwguild1 (Sep 21, 2007 10:08 am) year, however they are thriving on certified vehicles obtained from a larger dealers trade in overstock. Porsche USA, meanwhile is having a banner year and 911's overall are in short allocation. All of this means Porsche USA has this program set up for dealer support, I am unable to disclose how the share works out on claims made under this arrangement. You have to remember, the dealer keeps the entire charge, usually around $1,500. So there is money in the kitty. Another factor in this program is the average life of the warranty. Although very loyal, a Porsche owner does not keep the car very long, either getting a replacement, or getting out of a Porsche. You do not have a high percentage of long term high mileage ownership of a single vehicle. One of the oddest things about this program is that you cannot purchase it for a new vehicle at any price..........go figure. |
|
I have a 2007 M45 and am looking to buy a 2003 cab with 12,000 miles... looks to be in terrific condition, i called the dealer regarding the service history and other than a window motor, it is clean. i read on the post about a RMS leak? what is it and should i worry... i also need a recommendation about a good aftermarket warranty company from which to purchase an extended and if it is even worth doing so. finally, does anyone know of a good mechanic in South Florida so i can avoid using the dealer...oh yeah, the car does not have the PSM management system... is it really that important or can i live without it.. car will be used primarily on the weekends... and on date night  thanks
|
|
|
Replying to: zino911 (Oct 02, 2007 9:05 pm) |
|
You are here:
Forums
Prices Paid: Buying & Leasing Experiences Porsche 911 Carrera Prices Paid and Buying Experience
New? Join Now!
Forum Tools
Search Forums
Browse by Vehicle
2010 Porsche 911
2005 Porsche Carrera GT
Browse by Board
Browse by Topic
Today's Chats
