Even if people can afford the purchase price of a new luxury car, it’s often the maintenance expenses that drive them away. A used luxury car, on the other hand, can be obtained for a more reasonable price that mitigates the pain of expensive parts, service, and repair in the event something goes wrong. Let’s examine a few more reasons why used luxury cars make sense.
More Car for Less
If you look carefully, you could find a very good Mercedes-Benz E-Class that’s a few years old for the price of a new Toyota sedan. And you can bet that the experience of driving a Mercedes-Benz is significantly more special than that of a Toyota, despite how good and reliable Toyotas are.
CPO
If you choose to buy a Certified Pre-Owned luxury car from a manufacturer or their authorized dealer, you get a vehicle that’s thoroughly inspected. These are cars that are in excellent condition and won’t cost a lot to keep running. They also come with warranties from the manufacturer. And that’s a good case for their reliability.
Third-Party Extended Warranties
If you’re careful, you can find a third-party extended warranty that will cover the things likely to go wrong. Spend time researching on online forums that focus on the model you’re considering. Read and ask questions. See what people say you need to look out for and which warranty will cover it.
Less Depreciation
A used luxury car depreciates more slowly than a new car. Check out used Mercedes-Benz prices online, and you’ll see what we mean. If you buy a new economical car, it will depreciate more than a used luxury car. But this does depend on the model you purchase, so do your research.
Comfort and Features
Luxury cars are loaded with safety equipment that’s not found on most economical vehicles. Plus, luxury cars tend to be built better than economical cars with quality materials. You also get high levels of comfort and convenience features that take a long time to filter down and become mainstream. So you can get the advantage of refined comfort, infotainment, and safety features if you buy a good used luxury car.