Many times, we all have found our hearts skipping a beat and our eyes following a luxury car as it rolled by us. Along with being a heavenly ambience over a luxurious set of wheels, a luxury car is a symbol of prestige. Fortunately, with used car markets being in their golden age, owning a luxury car is becoming more accessible as apparent by the sales figures of used luxury cars these days. Buying a used luxury car can be tricky sometimes, this is why we have brought you a few tips that will ease the way for you to own a luxury car.
Know your luxury choice well
You must know the luxury car you wish to own. Deals involving luxury cars are usually very specific and time-consuming, and luxury car sellers mostly avoid spending time on the buyers who seem either confused or frivolous. Moreover, since luxury cars are laden with more features than regular cars, you need to be well-educated about your choice to examine them properly.
You must know the actual value of the used luxury car on offer. The deals of luxury cars involve compulsive negotiations that have many lakhs going up and down, and you don’t want to end up overpaying. You can evaluate the cost through online sources. In online valuation platforms, you need to input some details of the luxury car such as the name, year model, variant, kilometers driven, and car location, and then they instantly show the actual value of the car after computing all the details. The condition of the car also plays a major role in the cost of the car, however the payable cost of the car can never be more than actual value that online valuation platform shows.
Pre-purchase inspection
As luxury cars serve a reputable comfort and performance, they are considerably high-tech and complex on the inside. Luxury cars are brimming with many high-tech elements that include numerous sensors, intricate wire networks, and controllers to make driving as seamless as possible. If any technical flaw is left undetected before purchase, it could cost you heavily in the case of a luxury car. This is why, regarding buying a used luxury car, a meticulous pre-purchase inspection from a trained professional is highly recommended. During pre-purchase inspection make sure to pay special attention to these components.
- One vital technical element of a luxury car is the central command interface integrated into its central console. While having the used luxury car inspected, connect your phone via Bluetooth and check every control of the Central command interface / Central control system.
- Do remember to check the battery and other electronics. The high-tech and electronic features of a luxury car are majorly reliant on the battery, and a weak or spoiled battery can show many red flags flickering i.e., lights, fitful or malfunctioning of features, etc.
Check for modifications
Many luxury car owners like rappers or car racers have their vehicles modified. Sometimes the modification may include some external design changes or sometimes they may include internal tuning or electronic changes that you can’t apprise by accessing the car from outside. Whether or not those modifications synergize with the expectations of your luxury ride depends upon the type of modifications. Sieve the luxury ride through and through for any modifications, some helpful way to do this are:
- Observe the car from every side in broad daylight, check for the superficial flaws.
- Check for the paint and it’s quality, and dents on the body.
- Check the exhaust pipe, air filters, exhaust sound, and engine sound.
- Check the authenticity of the tyres
Try to check everything during pre-purchase inspection
Take an examining Test drive
It’s advisable to have a friend or family member along while taking a test drive of a luxury car. Since there is too much to test, not only will they add on a set of scanning eyes, they won’t be as emotionally involved in the deal as you will be, and thereby you’ll have a clearer opinion of the car. Moreover, your knowledge about your dream luxury car pays off the most during its test drive, from rims to roof-rails don’t leave even a single feature unchecked.
Ensure the used Luxury car is certified
Since large amounts of money are on the line in the deals of used luxury cars, certification is something that is much-needed for peace of mind. A certified luxury car is well-inspected and comes with a warranty. You can either have your car certified from an approved dealer or you could directly approach the premium brands for the purchase of a certified used luxury car. Most of the premium brands in India such as Audi, Mercedes-Benz, BMW, Jaguar, etc. have branched out their pre-owned car segments which offer you certified preowned luxury cars. They have separate web portals for used luxury cars where you could explore your options.
Consider the cost of ownership
While purchasing a used luxury car you must remember that a luxury car requires relatively more expensive maintenance than a regular passenger car. Even though the depreciation process saves you a lot of money on the purchase of a used luxury car, you will need to take care of your luxury ride just as well as a new car owner does.
FAQs
Does the price of a luxury car depreciate more than a regular car?
The rate of depreciation remains the same regardless of the type of car. It’s just that luxury cars are way more expensive than regular cars, thereby their depreciation seems comparably steeper.
How can I know the actual cost of a second-hand luxury car?
You could know the actual cost of the preowned luxury car by a trustworthy used car dealer or by any online valuation portal.
Which premium brands in India have their used car segments?
Luxury car brands that have their own used car segments in India are Audi, Mercedes-Benz, BMW, Jaguar, and Land Rover.
Can an uncertified used luxury car be trusted?
Since luxury cars are quite complex internally, certification is strongly recommended in the deals of used luxury cars. Although a thorough and meticulous inspection of the car is needed to get it certified, if you can manage to get every nook and cranny properly checked of the used luxury car on your own, you could opt for an uncertified one.
What is the warranty period on certified used luxury cars?
It depends upon where you get your used luxury car certified from. Most of the used dealers and preowned cars segments of premium brands offer two years of warranty.
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