Don’t waste your money: buy a used luxury car
Posted on novembre 22, 2013 by Frank
Many people dream of driving around in a beautiful luxury vehicle. Some of them will get a car calendar instead. Some others prefer watching Formula 1 races. Some people will even rent a luxury car for very important events such as a wedding or a prom night. Buying a luxury car, though, is too expensive for most people. What if you could get a very nice vehicle for the price of a Honda Fit? It sounds ridiculous but it’s close enough to the reality.
In this article, you’ll find out why and how to get the perfect luxury car for yourself.
Avoiding the depreciation
One thing is sure: when you have a lot of money, you are not willing to buy other people’s leftovers. For this reason, luxury cars have a much faster depreciation rate than regular cars. An article posted on Investopedia gives crazy examples of this: cars that used to be worth 60 000$ dropped to 10 000$ pretty quickly! The Mercedez-Benz S-Class, for example, loses 80% of its value in half a decade.
Even though most prestige vehicles will not see their value decline so fast, you’ll still be saving tons of money if you acquire a model that has five or six years. A 2007 BMW 328i is currently sold for 13 995$ in Montreal car dealerships; is there any better way to show off in front of your friends?
High-quality models
Some high-end car manufacturers have a very bad reputation when it comes to quality: Ferrari and Lamborghini, for example, build very beautiful cars that break pretty easily. You’ll still find very durable luxury cars if you extend your search a bit further! The Audi A4, for example, is a model that you’ll never regret buying. Acura is another good choice (which seems pretty logic, as these cars are made by Honda) but it cannot always be considered as luxurious. Finally, Mercedes-Benz is another strong manufacturer.
If you are asking yourselves some questions in regards to specific models, you should find a forum specialized in cars. Members love to share their experiences on this kind of website and they will be able to point to you specific parts of a model that need to be inspected.
Getting the help of a car hunter
Some companies specialize themselves in the car-hunting business. In Montreal, you’ll find a company called Courtier Auto Laval. This concept sounds pretty funny but it is actually quite similar to head-hunting: you’ll ask a company to find the exact car model you are looking for on the used car market. Another correct keyword to use would be « Car broker ». It might take some time for them to get a hand on the treasure you need, but this type of company usually has contacts on a whole continent: they can achieve miracles by attending auctions and by buying cars in bulk.
You might be scared because you won’t be able to touch the vehicule before it has actually been bought. I know the notion of perceived risk is a lot higher than for a regular car purchase. You should seek companies which has received a lot of positive feedbacks: it’s a good place to start, isn’t it?