Is It a Good Idea to Buy a Used Luxury Vehicle?

There are many factors to consider when buying a new car. If you’re interested in a high-end model, a used luxury vehicle might be the right choice for you.
A brad new luxury car is out of reach for many of us, but they’re given how reliable they are, you might still be able to afford a used one.
There are pros and cons to buying a used luxury vehicle, however. In this article, we’ll cover various criteria to help you decide whether or not it’s worth buying one.

Pros

Fast depreciation

New cars tend to lose a lot of their value within the first 12 months. Luxury cars depreciate even faster. A 5-year-old model is worth only a fraction of its original value. After the 5-year mark, depreciation still happens, but at a slower rate. You have the chance to drive a top-quality vehicle without spending a fortune.

Better condition

Owners are generally very careful with their luxury cars and take good care of them. Mileage is usually low and they tend to be in better condition than standard models. It’s still important to have the vehicle inspected by specialists before buying it.
At Entrepôt Auto Durocher, our mechanics perform a thorough inspection of all vehicles and provide a CARFAX Canada history report for each one.

Better quality

Everyone agrees that even used luxury cars offer an unbeatable driving experience. Their roomy interiors and higher-quality materials like leather upholstery and premium accessories make you feel like a king.
Last but not least is the engine power, which usually exceeds 1,800 cc. Coupled with superior suspension and top-of-the-line tires, it offers a better, more enjoyable driving experience than some new models offered at the same price.

Cons

Maintenance and repair costs

The cost of operating a used luxury vehicle is often quite high. Original parts are higher quality and last longer than those produced for economy models. However, when the car has mechanical problems, it costs a lot more to repair. It’s also important to keep in mind that not all mechanical shops have the expertise to perform these repairs.
Fortunately, at Entrepôt Auto Durocher, we have qualified, experienced technicians with the expertise needed to do maintenance and repairs on luxury cars.

Poor fuel economy

Luxury cars aren’t known for fuel economy. The main demographic for this segment is those who are looking for power and an unforgettable driving experience. Obviously, their heavier frame and stronger engines guarantee more frequent fill-ups at the gas station.

Obsolete technology

We live in a time where technological innovations can quickly become obsolete. Car accessories and technology features in used cars are slightly behind those of new ones. However, technology in luxury cars is ahead of the curve. Models from 5 years ago often have the same technology found in newer standard vehicles.

In short, buying a used luxury car can definitely be a good choice, and you’ll probably get a good deal. You’ll have about the same operating and maintenance costs, but you’ll pay less and your vehicle will depreciate at a much slower rate.

At Entrepôt Auto Durocher, our advisors can show you luxury cars from our vast inventory. You’ll get a top-of-the-line car and a more enjoyable and comfortable driving experience.