The Pros and Cons of Buying a Used Luxury Vehicle

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There are many reasons to choose a used vehicle over a brand new one, especially if it’s a luxury vehicle. Some companies wait up to five years and even more to redesign vehicles and there might only be slight changes in features year after year, and buying a new vehicle for significantly more would not make much financial sense. However, there are some precautions to take when buying a used luxury car as breakdowns will be much more expensive. Here are some of the pros and cons of buying a used luxury vehicle.

Less Depreciation

A vehicle loses a lot of its value the minute it leaves the lot. If your long-life goal was to own a spanking new Porsche 911 Turbo and you don’t mind overpaying, go ahead. But know that there won’t be too much that will differentiate it from last year’s model and the novelty might wear out pretty quickly.

Buying a vehicle that is two to three years old means that it will still be under warranty and have taken much of the depreciation hit. There’s also a strong chance that it will look identical to the latest model.

You have to be careful about which vehicles you pick, however. Some vehicles maintain their value very well while others go into freefall after a few years. Mercedes Benz cars, for instance, are great to buy used because of the name recognition and reliability.

If that interests you,look at the deals you could get on a used Mercedes Benz for sale from European Car Center.

Less Reliability

The biggest issue with buying a used luxury vehicle is that you never truly know what you’re getting. Even if you buy a car that’s still under warranty, you might start experiencing issues with things that are not covered, like the suspension, for instance. This is something you’ll have to consider since changing the suspension on a vehicle like an Audi R8 could cost you upwards of $5,000.

If you decide to buy a vehicle that will be out of warranty soon, then you will need to be even more cautious. You have to check how high labor and parts prices are for various repairs. You also have to check the company’s track record for reliability and look at some of the recurring issues with the vehicle you were thinking of buying.

Better Quality

If you have the choice between buying a brand-new car from a mainstream manufacturer and a used, but still recent luxury vehicle, then the best choice is usually to go with a luxury vehicle. You’ll get better performance, better features, and even better safety. That’s because luxury vehicles are often the first to have the latest safety features and they handle better, giving you a better chance to avoid accidents.

At the end of the day, it’s about what is better for you financially and whether you have a problem being the second or third owner of a vehicle.