How to Buy Luxury Cars for Cheap While Avoiding Lemons
Consumers that buy luxury cars know that they can be expensive. So, when it's time to shop for a new or used luxury car, you'll want to do everything you can to make sure you buy a reliable vehicle at a reasonable price. While you will never truly know how reliable a car will be - until you have driven it for a while - there are some things you can do to increase your chances of buying a good one. So, here are some tips that will help you find a reliable luxury car.
Check the Car's Reliability Ratings
Go online and search for Web sites that post professional ratings and reviews for the type of luxury car you're interested in. To find these sites, use your favorite search engine and search for reviews related to the make and model you're interested in. A little research beforehand can save you a lot of frustration later.
Ask Other Owners
Find websites where visitors are allowed to post comments or complaints about different types of cars. Post a question on the website about the make and model luxury car you're interested in and wait for comments from other people that may own (or have owned) the vehicle. Again, you can use a major search engine to find these types of sites.
Buy a Certified Preowned Luxury Car
Many manufacturers certify newer year model used cars as having met certain requirements for quality and reliability. Many car makers perform certain tests on vehicles before they can become certified by the manufacturer. Because the vehicles have been thoroughly inspected in most cases, chances are that certified used cars will be more reliable than those that are not.
Have the Car Inspected by a Mechanic
Regardless of where you buy your luxury car, you should always have a used vehicle inspected by mechanic that you trust. If you don't know a mechanic, choose one that is not affiliated in any way with the dealership and ask them to do a thorough inspection of the vehicle. Spending $100 or $200 on an inspection now may save you thousands of dollars later.
Shop for a Used Luxury Car Warranty
An extended warranty can provide you with additional protection against expensive repairs for your luxury vehicle. However, instead of accepting the extended warranty offered to you by the dealership, go online and do some research of your own. You will probably find that you can purchase the same type of extended warranty for a much lower cost.
Get Car History Report
Visit websites like Carfax to obtain a ve hicle history report on any vehicle you are seriously considering buying. For a relatively small amount of money, you can review detailed history information on the vehicle based on its VIN number, such as: title history, previous owners and major accident information.
Know the Pricing Data
Visit websites like the Kelley Blue Book pricing guide where you can find detailed average pricing information for the make and model luxury car you're interested in. The site will provide you with average retail price information based on condition as well as the number of miles on the odometer. This information will help you avoid paying too much.