Value of Purchasing a Luxury Used Car
Posted Monday, Mar 20, 2023
Every car enthusiast wishes to own a luxury sports car at some time in their lives. Unfortunately, this has become increasingly difficult to achieve, with luxury automobile costs skyrocketing in recent months.
This has made people wonder about the value of purchasing a luxury used car. So if you are looking for answers to whether buying a luxury used car is worth it, keep reading to get answers.
Benefits of Buying a Luxury Used Car
Here are a few major benefits that you can enjoy by purchasing a luxury used car:
Less Depreciation
The key advantage of purchasing luxury used cars is their price. A luxury car can cost you thousands of dollars, taking away a significant portion of your savings. New automobiles often lose 10% of their value within the initial month of selling and close to 20% within one year. The vehicle can lose up to 50% of its value five years later.
Since the value of brand-new luxury automobiles tends to be high, the money you lose to depreciation may be surprisingly significant. You can enjoy the experience of driving a high-quality car without having to worry about it losing value quickly by buying a secondhand luxury vehicle.
High Quality and Increased Efficiency
Since luxury cars are significantly valued, they have the highest quality components and high-efficiency features. From enhanced safety features, luxurious heated leather seats, high-speed abilities, and the latest technology features like surround sound, luxury vehicles have features that make driving them a pleasure.
Therefore, these cars come with outclass features and an increased life span, making purchasing them much more worthwhile than less expensive vehicles.
Superior Care
Since luxury cars come at a significantly high price tag, it is evident that people will not purchase luxury vehicles to mishandle and mistreat them. Therefore, when you buy a luxury used car, you can be sure that its former owner took proper care of it and performed the necessary maintenance and service required to keep it in optimal condition.
When buying a used luxury automobile, it is still advisable to find out about its repairs and maintenance. It is always a good idea to inquire about these things since they may help you assess the condition of the automobile — even if you are buying a premium used car from a respected dealer.
Enhanced Safety
When you buy a standard used car that does not fall into the luxury car category, these cars usually don’t have that many safety features. In comparison, luxury cars often include a variety of top-notch safety features.
As a result, features such as hill-hold assist, 6/7 airbags, ESP, cameras, and parking sensors are typically included as standard fitting. Recent automobiles also have driver-support features like 360-degree cameras, lane assist, etc. So, you can be assured that you are receiving value for your money and know that you and your family will be safe while diving.
After-Sale Support
When you buy a luxury used car from us, you can rest assured that you will receive the highest quality after-sales support from our support representatives. We can assist you with any queries about your car and offer maintenance advice to help you keep your luxury vehicle running efficiently.
A Wider Selection of Vehicles
When purchasing a luxury used car, you can enjoy a more comprehensive selection of vehicles than if you bought a new one. This allows you to look for and purchase a vehicle that fits your needs and requirements.
Ability to Get Your Money Back Upon Selling
Another significant advantage of buying luxury used vehicles which significantly ups the value of purchasing a luxury used car is that you get almost all your money back when you decide to re-sell the car.
As discussed above, when you buy a brand-new vehicle, the price depreciates at least 50% in the first five years. Therefore, when you go to sell that vehicle, you suffer a huge loss. However, when you purchase a luxury used car, the previous owner has already suffered that loss.
Hence, when you go ahead and put that vehicle again on the market, it is highly likely that you will get all your money back. Moreover, you can make a small profit if you have kept the vehicle well-serviced and maintained, added new features, and know how to upsell a car.
Warranty
Since luxury cars come at a high price, they also boast features like lengthy warranty periods. Therefore, you may be able to find a luxury car with a manufacturer's warranty. This offers you the peace of mind that you can avail of the warranty if anything goes wrong with the vehicle. This feature can save you from paying out of your pocket for any repairs.
Less Hassle
Customers have to deal with much less hassle when purchasing a luxury used car compared to purchasing a new vehicle. In most cases, the process of buying a luxury used car is much more straightforward than the process of purchasing a brand-new automobile.
Typically, customers will receive their luxury used car the same day or within a week of the purchase, which makes it even less complicated since you don’t have to worry about being carless or renting a vehicle while they wait to receive their newly purchased car.
Bottom Line
Now that you know the value of purchasing a used car, what are you waiting for? We recommend contacting our experts at Ally Auto Group for more information on what luxury used cars are the ideal choice for you.
We have a wide range of well-maintained luxury used cars that look identical to how new cars would look fresh out of a car dealership. Our vehicles undergo thorough inspections and examinations and are hand-picked by experienced car inspectors to ensure our customers receive the highest quality products. Contact us now by dialing (972) 945-5400 or head to our website to browse our inventory.
