5 Reasons You Should Buy a Used Luxury Vehicle
Not many shoppers can afford the huge sticker prices on new luxury vehicles. Therefore, luxury cars are considered "aspirational vehicles" because they are just but a goal to most people. However, there is a way out: All you need to do is wait for a few years for the car of your dreams to depreciate and buy it. Simple right?
You may have probably discovered that many used luxury vehicles go for the same price as many new compact cars. But most consumers still opt for new non-luxury cars because of misguided advice coming from people who probably have never driven, leave alone owned, a luxury vehicle.
Admittedly, buying a used luxury car has its fair share of cons, but they are not so different from those of the purchase of a used vehicle from any segment. As we shall see, the benefits greatly overshadow the supposed pitfalls.
Value for Money
Needless to say, you get more car for as little as it'll cost to own a new economy car. If you have ever driven a luxury car, say an Audi A8, then you must surely admit that the experience is far more exhilarating than that of driving a non-luxury car, say a brand new Toyota Camry: That and the amenities offered including a higher quality interior, more power, and better styling. Most luxury car manufacturers offer longer and more comprehensive warranties than typical mainstream car producers. Assuming that you are purchasing an Audi, taking advantage of a third party extended warranty can substantially reduce your Audi coverage costs, and you may end up paying only a fraction of the previous amount.
It is surprising how dramatically new luxury car prices drop. Most lose over fifty percent of their initial value in the first four years. Thus, the first - or second - owner of the luxury vehicle would have already taken the major hit. Afterward, the vehicle holds its value quite well and doesn’t depreciate quite as quickly. The thing is, it is possible to lose more money in the first few years of owning a new economy car than of owning a used luxury vehicle.
Higher Social Status
While not necessarily a good thing, it is a reality that the car you drive affects the perception of people towards you. You will find that people will treat you better, and assume that you are more successful if you drive a luxury car. Shallow as this may seem to some, you will agree that it doesn't hurt to take advantage of this component of human nature in the right situation.
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