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I can tell you that I have bought 2 cars from the dealer on the CPO program, and I have been very happy with the experience. You pay a bit of a premium for the car, but you also get to drive your car with (at least) a 2 year factory warranty, and generally the cars are very, very clean.
I'm not sure that particular Cayman is the right car, but the CPO process worked for me.
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