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5 Benefits of Buying A Pre-Owned Luxury Car
Posted: Jul 18, 2021
It is truly a great feeling to enter a car showroom and drive away with your brand-new car, but if you are on a budget, buying a pre-owned car makes more sense than the new one. Buying a luxury used car is now a hassle-free experience as every dealer has a pre-owned division. So, if you have a budget for an economical new car, you might want to have a look at used luxury car options. Not convinced? Here is a list of perks of buying a pre-owned car.
1. Affordability: Pre-owned luxury cars not only come with a lower price tag but also give a higher value for money. Gone are the days when second-hand cars, meant cars in worn-out conditions. Now you can easily buy well-maintained and less driven cars.
The pre-owned luxury car market is now organized. As mentioned before most car manufacturers and dealers have their pre-owned division. The cars available are checked and verified by the dealer. An increasing number of financial institutions are now giving loans at lucrative rates. Hence if you end up buying a used car, you do not have to worry about high EMIs anymore. And even the dealers are happy to help you with that.
You may get more comfort, better features, increased safety if you opt for a pre-owned luxury car rather than an economical new car, and all of these at a similar price.
2. Slow rate of depreciation: A downside of buying a new car is that its depreciation graph starts falling the moment it is driven out of the showroom. The market value of the luxury car declines at a very rapid pace in the early years of the car.
Most cars see a depreciation of 25-30% in the first year and another 10-15% in the second year. Hence, you may avoid this immense depreciation hit by opting for a pre-owned vehicle. Though a used car will also depreciate, but slowly.
- Low Insurance Rates: Be it new or old, buying a car comes with other expenses, like purchasing a car insurance. But the good news is the premium for an old car is relatively lower than a new car.
- Avoid registration fees and other charges: A new car may come with many charges over and above the basic cost like shipping charges, registration fees and road tax etc. Luckily you can avoid all these charges while buying a pre-owned one.
- Better for the Environment: Roughly a quarter of the carbon dioxide, a car produces throughout its life-cycle occurs during manufacturing and initial shipment. Purchasing a used car reduces the carbon dioxide output into the environment.
Click on the link to find out all the pre-owned luxury cars we have in our stock for you.
https://www.infinity-group.in/used-cars/
Are you Looking for Luxury cars like BMW to get more information contact your nearest BMW Dealer in Mumbai.