is it good to buy used luxury cars

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  • What are the benefits of owning a luxury car?

  • The biggest benefit is, of course, the price. A brand-new car loses almost 50 per cent of its value after five years, and the higher price tag of a new luxury car means the amount lost to depreciation can be substantial.

  • Should you buy a used luxury or non-luxury car?

  • A used luxury car will be nicer overall, but the fuel and repair costs will be higher than those for a non-luxury sedan. A new non-luxury vehicle may not be as flashy, but it will have the newest technology and be less expensive to maintain. What if, for about $2,500 less, you could get a three-year-old BMW 328i with just under 10,000 miles on it?

  • What is the best age to buy a used luxury car?

  • You can easily get a used luxury car that is not older than 3 to 5 years, especially among organised seller, which means you are buying a reasonably new vehicle for quite a lucrative price. Also Read: What’s The Right Time To Replace Your Used Car?

  • Do luxury cars have longer warranties?

  • Some luxury cars have longer warranties, but there may only be a year or two left on them, depending on the age of the car you’re interested in buying. Buying a Certified Pre-Owned (CPO) vehicle can offset this to some degree, but you’ll have to pay more for the car.

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