Luxury Used Cars: A Buyers Guide Checklist
Buying luxury used cars is a great way to purchase one of these highly sought after vehicles for less than what they would be brand new. As great an opportunity as this is, there are also some drawbacks. Buying used vehicles of any type will require you spend a little time making sure a car is in good condition before paying the price. A new luxury car can be quite expensive depending on the model. But, used luxury cars can be even more costly if you end up having a lot of problems with them. Here are a few things to consider when buying luxury cars from a used dealer.
1. Check Resale Value
Before stepping onto a lot to shop for that used luxury car, spend some time checking into the resale value of different vehicles. You can do this through many different resources both online and off. The Kelley Blue Book is a good place to start, but with the economy and changes that happen day to day, it is not as reliable as a few years ago. Although, it does give you a good start.
2. Find Reputable Dealer
One of the hardest things involved when shopping for a used car of any type is to locate a good used car dealer. There are thousands of them across the country that will sell just about anything. Finding a good dealer means you are also going to be assured the vehicle you buy will be reliable and mechanically sound. Again, there are plenty of online sources that make this easy to do.
3. Check Car Condition
Once you have a good idea of what you should be paying, and have located a few good dealers in your area, it is time to start checking out used cars. Once you have found a few different vehicles you are interested in, check the overall car condition. You can do a walk around and see the paint condition, any sign of rust, dents, or any other things you can pick out quickly.
4. Have Mechanic Look at it
Buying luxury used cars is no different than buying any type of car. There can be a lot of things hidden under the hood that are not found until you actually drive it for a few months. Have a good mechanical inspection before actually buying it. If you find something wrong, ask the dealer to fix it for you. There are times when they will if you are sure about buying it.
5. Try Out More than One
To truly enjoy what many different luxury vehicles have to offer, you should try out a few of them before making a final decision. This will also help you realize what it is you do like, as well as what you need.
Because used luxury cars are somewhat of a commodity, there is not a lot of room for negotiating. However, that does not mean you can not still get a good deal. Talk with the salespeople about what you are willing to pay and how you might be able to get there.