Luxury cars are in the spotlight for good reason -- they offer new and innovative designs, safety features and technology, and are at the forefront of comfort. You may be aspiring to own a high-quality luxury vehicle, but remain apprehensive of the price. Rather than purchasing a new economy car that may not suit your needs, you may want to consider purchasing a used luxury car.
Here are five reasons to buy a used, low mileage luxury car:
- More Car for Your Money
It’s a fact: new cars (both economy and luxury) depreciate in value at a high rate in the first few years. To stretch your car-buying power, consider buying a used luxury car that has already experienced its peak depreciation.
- Slower Rates of Depreciation Over Time
Beyond the initial depreciation period, most luxury car models tend to hold their value quite well over time. Odds are that once you purchase a used luxury car, the rate of depreciation in the long run will typically be less than economy cars.
- Advanced Safety Features
Are features such as backup cameras, blind-spot monitors, and rear cross traffic alert important to you? Safety innovations are typically introduced first in luxury cars. A used luxury vehicle that is a few years old will most likely have safety features comparable to what is found in a new economy car.
- Comfort and Convenience
Similar to safety features, creature comforts and conveniences found in new economy cars these days entered the scene in luxury cars. If keyless entry, remote start, GPS navigation, automatic climate control, self-dimming headlights, smart windshield wipers, and more are what you’re looking for, you can find them in used luxury cars.
- Get the Car You Want
Purchasing a car is a big deal. Ultimately, you want to drive away knowing you received the best deal for a vehicle that is dependable and provides all of the features you want. Buying a used luxury car with low mileage is a way to fulfil both the financial and functional “wants” you are striving for.
