As people become prosperous, they demand better things which not only improve their lifestyle but also has a great demonstrative value in the society. But, such items are obscenely expensive and out of the reach of an upper-middle-class family. However, there is a way in which you can enjoy these comfort elements if you look for them in the second-hand market. One of such a luxury item which evokes strong desire among the neo-rich and also the wannabe rich is a super luxury car.
If you are looking for high-class premium cars like a used BMW, then it is important to have a cost-benefit analysis of owning a second-hand car. The first thing that makes pre-owned cars such a fantastic buy is the great discount they offer. You can buy a very expensive car at a fraction of its cost from a second-hand car dealer. The great difference in price of a second-hand car and a brand-new car make it so attractive to people. However, it is important that you should make sure that the refurbished car you are going to buy is in good condition and has all its features are working flawlessly.
Besides the price factor, there are several other elements that make buying a second-hand car such an attractive option. Some of these are mentioned below for your ready reference.
1). The rate of depreciation on a pre-owned car is very low compared to a brand-new car. With every passing day from the purchase date, the value of the car decreases and it is believed that in the first year itself the rate of depreciation is the highest. Therefore, when you buy a used BMW or any such premium car, you get the advantage of reduced depreciation rate on your ride.
2). In addition to the low depreciation rate, a second-hand car also attracts a lesser insurance premium. As any premium car like a used BMW cost a ton on its maintenance, it is fantastic that you have to pay far lesser for its insurance than say on the brand-new model of the same. A fully insured car takes away the heavy cost of repairs and any accident related payouts from the mind of the buyer and allows him to enjoy riding in the car without any worry.
3). If you buy a used premium car from the company’s outlet then you will get a full warranty on that car. However, unlike the warranty on a brand-new car, the warranty provided on a refurbished car is limited to a certain mileage that you can run on that car in a fixed period. Whatever be the condition, a warranty from the OEM of the car is pretty solid and that is why many people prefer to buy a car from a company’s recognised outlets to avail the warranty.
4). Tax plays a huge part in the inflated price tag of a car. However, there are many states that do not charge any tax on the purchase of a second-hand car or even if they charge, it is a very small percentage. This reduces the overall cost of the car even further putting it within the reach of most middle-class families.
5). When you buy a premium refurbished car like a used BMW, you actually are buying a car that is miles ahead of anything on the road within the price that you are paying for a refurbished premium car. A well maintained used car is far superior in terms of comfort, safety, driving experience and engine power than any brand-new model of a lower or mid-level car. Therefore, make a wise choice and instead of buying a brand new mid-level car go ahead and bring home a very well maintained refurbished premium car and enjoy the ride.