Used luxury cars may be within the reach of a lot of people. It’s the repair costs that are problematic. But there are ways of choosing a pre-owned luxury car that’s reliable. Here are the reasons why used luxury cars are a good idea.
Luxury for Less
A big advantage of buying a used luxury car is that you can get an expensive car for less money. In fact, if you choose carefully, you could get one for the price of a regular family sedan. But you will still get the experience of a luxury car.
CPO
You can buy a four-year-old Mercedes-Benz from the manufacturer’s certified pre-owned program through an authorized dealer. These cars are inspected thoroughly to ensure that they are up to the manufacturer’s standards. They also come with a warranty.
Extended Warranties
An extended warranty is helpful while buying an older luxury car. But you need to check it carefully to ensure that it covers the things that are likely to go wrong with the car. Check online forums about the car, ask questions, and check what people say.
Less Depreciation
New luxury cars lose about fifty percent of their value over the first four years. After that, luxury cars don’t really depreciate as quickly. If you buy a four-year-old luxury car, you would experience lower depreciation than you would with a new car that costs as much as a used luxury car. But this also depends on the model.
Independent Mechanics
If you buy a used luxury car, then you will need to find a good, honest, independent mechanic who understands the nitty-gritty of the model you are buying. Ask about them in forums, look them up on Yelp, and even ask other owners if they can recommend someone. Get to know this mechanic before you buy the car and hire them for a pre-purchase inspection.
Domestic
If you’re concerned about maintaining an exotic imported luxury car, look for an American luxury car. They’ve become rather nice of late and are well-equipped and a joy to drive. Since their parts are made locally, they’re less expensive. And a Ford mechanic can usually handle Lincolns, and Chevy guys can manage Cadillacs.
