3 reasons people choose used luxury cars instead of buying new

Used luxury cars are often the preferred option for many people. Luxury car sales remain high even as new models are launched, indicating that some people prefer to purchase used luxury cars rather than luxurious new cars. Here is a list of three reasons why people choose used luxury cars instead of buying new.

1) Affordability

Many potential buyers simply can't afford to buy a brand-spanking new car. When buying second-hand makes more financial sense, this is naturally their preferred choice, since they know exactly what they're getting and may be able to haggle over the price more easily than with a brand-new model that will have an exact recommended retail price or offer no room for negotiation at all. It's also easier to resell a second-hand car than it is to sell back an expensive new model, so this can even work out best for people who can't afford to buy a car and then sell it again in the future.

2) New Features

Some car buyers no longer purchase cars for performance and power: they mostly buy them in order to keep up with the latest in technology and design. With this in mind, it sometimes makes sense to buy a used luxury car that includes the newest features. If buying new means never getting the best tech until the next model is released, it may make more sense to buy used and get the latest features. For example, if a car buyer wants built-in GPS system to help with navigation, it doesn't necessarily make sense to buy a new car that would have this feature six months after the release of the model. It may be much more sensible to buy a used car with built-in GPS, since many of these cars are first released with this feature.

3.) Saves money

One final reason people may choose to buy a used luxury car instead is because it saves them money. Buying new means investing in the brand's latest and greatest model, which could mean paying a premium over the price of a used version of the same car. If buying new will cost significantly more, a person might buy a used model instead to save money.

Buying used luxury cars is a good way to get the most out of car ownership. While they may not be new, these cars offer the same luxuries as new cars at a lower price. If the reasons to buy used instead of new include affordability or saving money, then buying luxury used can be a smart choice.

Come and visit the Binghamton Auto Exchange at 209 Vestal Parkway West in Vestal, NY  or call us directly at 607-754-9118 if you are looking to own a quality used luxury vehicle under $15,000.