Most of the time, if someone has the money to buy a new car, they’re going to buy a new car. They’re not going to take the time to go through used lots to find the right vehicle. So, they wind up with a car that is, in most cases, as luxurious as they can afford. Or, so they think.
You see, the sticker price on a new car and your car budget tell only part of the tale. The fact of the matter is you can enhance your lifestyle and increase your standard of living buy buying used, rather than buying new.
Cars depreciate rapidly. Most cars lose at least a third of their value within two years of being driven off the lot. In many cases, these cars haven’t been driven very far, and may have been very well maintained.
Let’s say, for example, you have a choice between a new midsize sedan and a three year-old luxury sedan. If you choose a used luxury car in a manufacturer’s certified used program, you are going to have the same kind of reliability that you would with a new, non-luxury car, all for the same price.
If you’ve never considered buying a used car, now is the time to start. You might be able to start riding around in the lap of luxury today.