Should I buy a used luxury car?

A common question that crosses the minds of consumers while looking for a brand new car can buy a used luxury car is a good decision. Consumers today are more connected and more aware of the latest trends in the automobile sector. With the major players trying to maintain their stronghold and new global players entering the Indian domestic market, the competition has upped a few notches. This has resulted in competitive pricing and a plethora of options for everyone.

Indian car enthusiasts are shifting from the regular premium car segment to the luxury car segment because of the fall in prices due to the competition we talked about. Convenient financing options have allowed consumers to break down a major chunk of the money into easy EMI’s for buying luxury cars. Moreover, the entry-level luxury car segment has evolved considerably with automakers introducing more variants in that segment and decreasing the choices as we go up.


Reduced taxes and excise duties have also helped few debutants in recent years such as Volvo, to make their presence known to the Indian customers. The Big Three of Germany have already set up assembly plants and manufacturing units in the country to capture the market more aggressively without worrying much about the cost constraints. All these factors combined with an increased presence of the luxury car makers in Indian Tier II and Tier III cities have resulted in an overall upheaval of the luxury car sales figures significantly.

The used luxury car segment has, thus, got a major boost. The reliability factor that these vehicles are popular for is the main reason why even the used luxury car segment has risen considerably. People are getting an option to buy a second hand luxury car at a price at par with a brand new top-end premium car. Major organized players in this segment like Mahindra First Choice have made it possible for customers to find the ride of their dreams in a pristine condition. If you are getting a good car in excellent condition at half the original cost and sometimes (if you are lucky) an extended warranty period, then you should definitely go for a used luxury car any day.

Must Read: http://wheelyfine.com/should-i-buy-a-used-luxury-car/

Comments

Post a Comment

Popular posts from this blog

Eight Certified Pre-owned Luxury Car Lessons That Will Pay Off

Image
When we say a certified   pre-owned luxury car , we mean that  100 checks will be carried out before relisting a car that can be either the   pre-owned BMW cars  or any other brand. This service represents a valid opportunity for those who intend to buy a used hybrid or electric car with certified kilometers. Following the checks, all parts deemed unsuitable are restored and replaced with original spare parts. The results of checks, the state of wear, and the certification of kilometers are all reported in a report that accompanies the certified used car for sale.   Do you differ between a certified pre-owned luxury vehicle and a used luxury vehicle? When you make up your mind that you have to go for a used vehicle instead of a new one, there comes a choice that should you go for a regular used luxury car or a certified used luxury car. The certified   luxury second-hand car  models indeed will be a bit costlier than the used luxury cars but remember it comes with a proper warranty of
Read more

A Complete Guide To Know About Used BMW X1 Maintenance For 2021

Image
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
Read more

What is the True Market Value Of Pre-owned Luxury Car? And Why you Should You Care!

Image
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
Read more