Get a Luxury Car without the Exorbitant Price Tag

Buy Used

First and foremost, there is really no reason to buy a brand new car. You lose money as soon as you drive the car off the lot. I think it’s much wiser to invest in a quality used car rather than spending thousands extra for a brand new model.

Buying a used car will also allow you to get more car for your money, so the luxury car you’ve always wanted may be well within your reach if you opt to go the way of used cars.

If you’re worried that a used car won’t be as reliable as a new car, you’ll be happy to hear that the quality of cars has greatly increased and many cars on the road today will be able to go well beyond 100,000 miles with some breaking the 200,000 marker.

How to Buy

When buying a used luxury car, make sure you’re purchasing a make and model that is known for its quality and make sure the car has been properly maintained. For example, a Lexus with 80,000 miles on it is a much better purchase than a Lincoln with 80,000 miles on it.

You should check out the history of any luxury car you’re thinking of purchasing with a CarFax report. Many dealers offer free CarFax reports to buyers. If you are buying your luxury car from a private party or working with a dealer who doesn’t offer CarFax reports, you can pull the report yourself by going to the CarFax website.

The last thing I would suggest is researching the blue book value of the used luxury car you want before actually purchasing it. You don’t want to spend way more than the car is worth just because you expect the car to have a high price.

For example, someone may assume that a 2000 Mercedes S430 sedan with only 50,000 miles on it would be worth well over $40,000 when in fact the Kelly Blue Book retail value of that luxury car is only about $32,000.

When you consider that the same exact luxury car brand new costs over $65,000, you realize what a deal that is.