Luxury Cars Knowledge

How does TMV(True Market Value) fall year after year for a brand new luxury car? The value of a brand new luxury car continues to decline as it is used. However, the depreciation of a car is not constant; it resembles a curve. Shortly after the new registration, the drop in prices is particularly steep; the car’s greatest depreciation occurs within the first year. The fall in prices levels off somewhat between the second and third year. Thus, going for a pre-owned luxury car is a wiser option. One of the reasons for the rapid loss in value of new cars is the oversupply of young 2nd hand luxury cars in addition to demonstration vehicles from dealers, there are also many ones to three-year-old cars on the market from leasing returns or decommissioned rental cars, which then lower the average residual value. A new luxury car loses 11% of its value after leaving the parking lot If you are thinking of getting a newer vehicle, you should consider investing your money in a newer used car if l...

The maintenance cost of used BMW X1 BMW X1 is one of the most popular luxury SUVs bought by Indian luxury car enthusiasts. BMW India announced new, affordable, pre-paid, upgradable packages for the Indian market in 2019. The packages start from INR 39,000 to INR 56,000 for the X1 petrol and diesel variant respectively, for a 3 year period. Used BMW X1 used to cost a hefty amount to maintain a few years back. The maintenance cost of used BMW X1 could go up to INR 2,00,000 for a 3 year period owing to the non-availability of spare parts and components locally in India. Since 2018, the German carmaker has tried to strengthen its supply chain and service center network to bring down the maintenance cost of its luxury vehicles. Major maintenance components of used BMW X1 Buying a used luxury car is a thorough process. There are hundreds of checks and inspections which must be done before buying a pre-owned luxury car The BMW X1, like every car, has some important components which are respo...

Detecting odometer manipulation in pre-owned luxury cars is often not that easy. With the necessary knowledge and the appropriate means, however, you have a chance to find out about the crooks. You can find out how to do this in this article.  Mileage capacity derived through vehicle age Buying a used car always requires great attention from a buyer, especially due to the tendency of many sellers to scale the mileage, an illegal operation used to be able to place the vehicle at a higher price. Checking the mileage before choosing among the second-hand luxury cars is one of the most important tasks when examining the vehicle. Mileage primarily affects the value of the car, and therefore its price. In a situation where the car has traveled a small number of kilometers, its price is much higher than the market average. It is indicated that a car with low mileage can be up to 25% more expensive than the average price of the same model. The relationship also works the other way around –...