I can’t even tell you how many times I was told growing up that buying a used luxury car is one of the worst life decisions a person could ever make. Quite a few people emphatically spread this well-intentioned advice around like it’s the plain truth, even though most have never even driven, let alone owned, a luxury car in their life.
It wasn’t until I took the plunge once and purchased a luxury car did I immediately see how wrong people were. Even as I was basking in the benefits of my new vehicle, I had people telling me that I had just made a huge mistake. In the end, there’s just no convincing some individuals. While there are some pitfalls to buying used luxury models, the benefits are many and great.
This depends on the brand and model, but quite a few luxury vehicles see a dramatic decrease in value within the first one to three years. If you can take advantage of the person who ate the car’s deflation, what you get is a tremendous vehicle at a deep discount.
Most car shoppers have no idea just how dramatic of a drop luxury vehicle prices often take. Quite a few times they’re big enough to make the luxury models about as cheap as an equivalent used mainstream vehicle. Of course, some are suspicious of this “deal” because they believe there’s some sort of catch. It’s that kind of skepticism that helps fuel this trend, so maybe it’s best to not complain.
Once that initial financial hit has been taken by a luxury car, they typically hold what’s left of their value fairly well. That means you won’t see your money fly away as fast as if you were to go with a new mainstream vehicle such as a Mazda3. It’s counterintuitive that you can save money by purchasing a luxury item, but in this case that’s the truth.
Even at several years old, a preowned luxury car has far better craftsmanship than a brand new mainstream vehicle. You can feel it in the seats, with softer leather, a higher-quality pad and fine stitching. The doors feel more substantial, the switchgear isn’t flimsy and even the different components under the hood are just made better.
In some sad cases this doesn’t hold true, especially when luxury brands owned by larger mainstream automakers dip into the shared parts bin. That’s something to keep in mind. But more often than not luxury cars have better interior sound proofing, thicker windows, smaller gaps between components, softer interior surfaces and other niceties that make owning them more of a joy….
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