Most People CAN Afford a Pre-Owned Luxury Automobile

October 3, 2012 by Certified Benz and Beemer
Filed under Articles from the SmartFem Experts, Auto

Previously enjoyed luxury vehicles.

Consider the Advantages of Pre-Owned Vehicles

Today late-model pre-owned vehicles are not only a safe buy but they make good financial sense. Buying a pre-owned car or truck can save you money because a new car experiences its greatest loss in value within the first 12 to 18 months. Rather than watching value decrease significantly in just the first year consider buying a pre-owned car or truck. A pre-owned vehicle can have a lower purchase price with lower monthly payments and an extended warranty is usually still available. Buying a pre-owned vehicle allows you to upgrade to the newer make and model you want and add more optional features.

The same car for less money

When you buy pre-owned you avoid the greatest amount of depreciation. A new BMW 335 Convertible will cost you around $60,000. Buy the same three year old BMW 335 with 36,000 miles and you’ll pay about $25,000 less.

More car for the same money

A nicely equipped new Mercedes-Benz E350 will cost you around $55,000. But what if you want something bigger? For the same amount of money you could buy a three-year-old 36,000 mile Mercedes-Benz S550 or a three-year-old 36,000 mile BMW 750, their flagship sedans. Planning on growing your family? You’ll find plenty of three-year-old Sport Utility Vehicles in the new C class price range.

You can also move up in prestige. A new Toyota Camry XLE V6 with all the bells and whistles is a nice ride at $30,000 – it had better be. But for the same price (or even a couple grand less) you could be driving a two-year-old Lexus ES350, Audi A6 or BMW 325i.

Certified Pre-Owned

Cars sold as certified pre-owned (CPO) bridge the gap between new and used. They are subject to a rigorous inspection and repair process. CPO cars will usually cost a bit more than a privately sold used vehicle but the added warranty and peace of mind makes them a good value.

For more information contact one of SmartFem’s Experts at Certified Benz and Beemer.