Making the decision to purchase a vehicle isn't easy, but the decision is even harder when you're trying to determine whether it's a good idea to purchase a pre-owned luxury vehicle. After all, there's a good chance you can find a brand new non-luxury vehicle for the same amount of money that you'd spend purchasing a used luxury vehicle. If you believe all of the common misconceptions that surround purchasing a pre-owned luxury vehicle, you might think a brand new non-luxury car is a better option, but that isn't always correct. So, before you purchase your next car, learn the truth behind some of the common misconceptions about purchasing used luxury vehicles.
Used Luxury Vehicles Don't Come With Warranties
It's common for people to avoid purchasing pre-owned luxury vehicles because they believe that purchasing a used car means no warranty. So, instead, they opt for a brand new non-luxury vehicle with a full warranty. However, you can purchase a pre-owned luxury vehicle that has a warranty.
The fact is, if you purchase a pre-owned luxury vehicle from a private owner or a small dealership, it might not have warranty coverage. These cars are limited to the original terms of the warranty. So, if the car originally came with a three-year warranty and it's two years old, the vehicle is still covered under the original warranty for another year. However, if you purchase a certified pre-owned luxury vehicle, you can get a luxury CPO warranty that extends the original warranty for two years. In order to purchase a certified pre-owned luxury vehicle, you need to purchase it from the brand dealership. Ask a dealership like Bay Ridge Nissan about what certified pre-owned vehicles they have available.
Repairs for Luxury Vehicles are Extremely Expensive
Many people associate luxury vehicles with costly repairs, but that isn't always correct. Like non-luxury vehicles, the cost of repairs depends on whether the vehicle your purchase is foreign or domestic. If you purchase a European luxury car, such as a BMW or Mercedes, you can expect repairs to more expensive than they would be if you purchase a domestic luxury vehicle. So, if you want to purchase a used luxury car that won't put a massive dent in your wallet to repair, opt for a Cadillac instead of a Lexus.
Brand New Non-Luxury Vehicles Have More Features
Before you run out and purchase a brand new non-luxury vehicle that's loaded, take some time to compare the list of features available on used luxury cars of an equal price. Many people assume that a vehicle that is three or four years old won't have as many features as a brand new vehicle or that the features available will be out of date. However, when you're comparing a used luxury vehicle with a new non-luxury vehicle that isn't often the case. Safety features, convenience features, and comfort features are often debuted in luxury vehicles. So, it might be easier than you think to find a used luxury vehicle with the same features as a new non-luxury vehicle.
Ultimately, whether you purchase a used luxury vehicle or a new car is up to you. But, don't let common misconceptions keep you from purchasing the luxury vehicle of your dreams. Instead, take the time to compare the warranty, cost of repairs, and features of several vehicles to find one that fits all of your needs.