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