| As a result of improved vehicle technology | | | | |
| and materials, used car buying has become | | | | In addition to performance reviews, crash |
| increasingly popular in the past several | | | | statistics for a used luxury vehicle are |
| years. This is especially the case in the | | | | better understood than that of a new vehicle. |
| used luxury car market. Luxury cars hold | | | | Before a new vehicle is released, it has |
| their value in terms of performance and | | | | normally only undergone a series of |
| styling even more today than they ever have | | | | controlled crash tests. It isn't until 1-3 |
| in the past. Here we'll take a look at some | | | | years after a vehicle is released that there |
| things to consider when buying a luxury car. | | | | is enough information available to discern |
| | | | how a vehicle will perform in a real world |
| Value: Some people have the perception that | | | | crash. |
| buying a used car just means buying someone | | | | |
| else's troubles. While this might be true in | | | | To minimize the risks of buying a used luxury |
| some cases, it's certainly not the norm of | | | | vehicle, obtain a Car Fax report. Car Fax |
| the 40 million used cars purchased every | | | | runs a query on the title of the vehicle, |
| year. The majority of used luxury cars | | | | compiling any information about reported |
| available are lease returns and those who | | | | accidents, thefts, vandalisms, etc. Most |
| simply enjoy buying a new luxury car every | | | | dealerships will offer a Car Fax report at no |
| few years. | | | | charge. |
| | | | |
| While used luxury cars retain their value | | | | Warranty: Because cars have improved so much |
| much more than standard vehicles, a | | | | in recent years, used car warranties can |
| several-year-old used luxury vehicle can sell | | | | rival that of a new car warranty depending on |
| for 30% - 60% less than it did new. Buyers | | | | the warranty company. Used luxury car |
| of new cars pay a steep premium just to enjoy | | | | warranties can cover up to 3 years and 45,000 |
| first ownership but the moment the car is | | | | miles. Depending on the year of the used |
| driven off the lot and becomes a "used car," | | | | luxury vehicle purchased, this can extend |
| the value decreases. In two years, the owner | | | | longer than the original warranty. |
| of that same vehicle will in essence be | | | | |
| driving a used car but still making the | | | | Be sure to check the standard warranty of the |
| payments of a new vehicle. | | | | car dealership selling the car. Some offer a |
| | | | warranty of just a few days, most give a 30 |
| Buying a used luxury car also allows you to | | | | day standard warranty, but some offer a 90 |
| get more options for less money. For the | | | | day standard warranty. Consider the length |
| same price as a new stripped down model, you | | | | of the standard warranty a testament to the |
| can buy a used luxury vehicle with | | | | amount of belief the seller has in the |
| accessories like built in TV's, surround | | | | quality of the cars being sold on its lot. |
| sound stereo, or a GPS system. | | | | Those that have a rigorous selection process |
| | | | often have a longer and more inclusive |
| Less Risk: When a new vehicle enters the | | | | standard warranty. |
| market, it hasn't undergone real consumer | | | | |
| road testing. Oftentimes, it isn't until | | | | Buying a used luxury vehicle is a wise choice |
| many people are using the car daily that an | | | | for many car owners. There are many people |
| assembly line mechanical problem surfaces or | | | | who only choose to purchase used luxury cars |
| drivers realize an irritation like that the | | | | because it's such a smart decision overall. |
| trunk space not adequate for an average | | | | With the advanced search capabilities of |
| family's needs. By researching used luxury | | | | today's internet, finding a used luxury car |
| vehicles online you can uncover a wealth of | | | | that matches your lifestyle and personality |
| performance reviews and real-world commentary | | | | can be fast and enjoyable. |
| from everyday drivers. | | | | |