Is porsche approved used worth the extra money?

[wmjsheffler]

Hi, I am looking to purchase my first Porsche and am looking at taycan 4S 2020/2021 model.

I have noticed there seems to be a premium with buying approved (they seem around 10% higher compared with other dealers), but this is obviously offset by the 2 year approved warranty.

Looking at the warranty I don't believe the battery is covered by the warranty and they seem to exclude quite a bit more so I'm trying to work out if it is worth the extra money going for approved if it doesn't have a complex engine that may fail.

What would you advise?

Cheers

This is a risk assessment decision, but that aside the consensus on this forum is that their value exceeds their cost.

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[69Mach390]

This is a risk assessment decision, but that aside the consensus on this forum is that their value exceeds their cost.

**Perceived value.

In terms of raw dollars….. nope. They aren’t selling it to you at a loss. Far from it.

The perceived value is based on people paying extra to worry less about out of pocket repairs.

Lots of threads on the subject, definitely not a consensus.

For the CPO cars, the chances of having a repair that costs more than $5,000 in years 5 and 6 of age (the 2 yrs bumper to bumper that CPO gives you) that isn’t high voltage battery related (covered already for 8 years) are slim. Very slim.

Personally I bought a non CPO 2024 from a Dodge dealer.

It cost about $10,000 less than they were asking for CPO cars at the Porsche dealers.

I could always buy an extended warranty later if I want to. But if you find a deal like I did….. I would skip the CPO.

CPO usually means you’re paying more money…. Twice. The Porsche dealers premium AND the cost of the CPO. And it can be around a $10k delta.

 

[RodeoDrive]

What year is your car? The OBC is warrantied through "new car warranty" for a period of 5 years after the first registration.

Mine broke three weeks ago while the car wasn't yet CPO'd due to the 3-month mandatory ownership period, and it was replaced at zero costs.

There have been instances of people being charged for replacing the OBC even if the car was warrantied, and then reimbursed whe proved that the new car warranty was indeed active. You may want to check whether you can claim back that too.

Additional items on extended "new car warranty" periods are the HV battery (8 years) and, heater (6 years) and something listed as "electric fan" (5 years), which I am unsure about what it is exactly.

Yep yep - exact same story - I've got a 2022 4S. The extended warranty covered it after having inquired for it..

Those OBCs break very reliably!

I'd guess the electric fans are the ones within the front wheel wells, which are known to clog up due to a design issue and stop cooling your HVB under load.

 

[Ray67]

I'll offer a plan B if you can't negotiate a price you're happy with at a Porsche centre for a car with the spec you want.

If a car that meets your spec is available at a reputable independent EV dealer who will prepare the car to a standard you're happy with, knows Taycans and has a relationship with a Porsche Centre and will ensure the car is up to date with software updates and recalls and arrange for any work that needs doing by liasing with a Porsche Centre before you buy, you could be onto a good deal.

If you get the VIN of the car you can get its history via @ct14garage on this forum. The report he provides lists all service work, repairs, recall campaigns and updates the car has had.

From a warranty perspective all cars have the 8 year/100,00 mile HV battery warranty, for everything else if the car is less than 3 years old or it's a SoR type transaction it will/may have some Porsche warranty remaining that you can then extend. If not scrutinise the warranty the independent dealer provides, if in doubt walk away, but if they offer their own back to base warranty that lasts at least 90 days you can then take the car to a Porsche Centre and get the 111 point check (approx £300) and purchase the Porsche warranty (£2150 2 years).

I did this because I couldn't find the spec I wanted from a Porsche dealer for a price I wanted to pay, plus the trade in deals for my Tesla were terrible compared to the EV dealer. Cost to change was £7k less so even with subsequently paying for the 111 check and 2 year Porsche Warranty it worked out well.

This is exactly the route I took. Compare spec and price from Porsche Approved against non Porsche dealer, there was roughly £7-8k in price difference. That was also taking into account my 2yr warranty and 111 point check after 90 days ownership, that I paid. 2021 Taycan, now had it 6 months with not a single issue. Maybe I just got lucky with a great spec car from an honest independent dealer.

 

[D00notD00d]

fail.

What would you advise?

The manufacturers HV battery warranty lasts 8 years/100,000 miles. Thereafter the follow on Approved Warranty also covers manufacturing defects in the HV. You don’t have to purchase a car from a Porsche dealer to put an Approved Warranty on it. And if buying from a private owner, they can transfer their existing Approved Warranty to you. Also consider a Warranty Wise EV warranty.
Some specialist dealers have a better reputation than some Porsche dealers. The price, spec , condition, history, mileage, status and reputation of the dealer are the factors to consider. Warranty is a second order thing.

 

[srodgers2004]

The manufacturers HV battery warranty lasts 8 years/100,000 miles. Thereafter the follow on Approved Warranty also covers manufacturing defects in the HV. You don’t have to purchase a car from a Porsche dealer to put an Approved Warranty on it. And if buying from a private owner, they can transfer their existing Approved Warranty to you. Also consider a Warranty Wise EV warranty.
Some specialist dealers have a better reputation than some Porsche dealers. The price, spec , condition, history, mileage, status and reputation of the dealer are the factors to consider. Warranty is a second order thing.

I saw your other comment but it has been removed probably for passing on numbers, are you able to direct message me on here please.

Cheers

 

[D00notD00d]

I saw your other comment but it has been removed probably for passing on numbers, are you able to direct message me on here please.

Cheers

I think perhaps you just saw my DM rather than a post

 

[srodgers2004]

I think perhaps you just saw my DM rather than a post

Yeah sorry

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