If youíre in the market for buying your first luxury car, the chances are youíre pretty excited about it. Whether itís a promotion, inheritance or just good luck thatís landed you in this position, youíll need to know some basics before jumping into buying a luxury car. In some ways, itís not so different from buying a regular car, but there are some things you should be aware of.
Buying second-hand can be better
If you canít quite afford to buy your luxury car brand new, than that might just be a good thing. Often, people who own luxury cars donít spend very much time driving them, and for that reason you can find well looked-after, low mileage luxury cars second-hand. When buying a regular car, you often encounter a lot of wear and tear when you buy second-hand, but in the luxury car market, second-hand cars are often practically brand new but are being sold at a fraction of the price. Keep an eye out online for luxury cars for sale in your area, or visit your local Exchange and Mart branch.
If you want all the extras, buy new
One of the perks of owning a luxury car is all the extravagant features you can add. Obviously, buying second-hand means you canít pick these, but thatís not the only drawback. Buying a second-hand luxury car that has been fitted with additional extras such as a navigation system or massage seats can pose a problem as you wonít benefit from the full warranty. This means that if your carís extra features break, it could cost you $100s to replace them. If you want to add extra features to your car, then itís probably best to buy new. That way, you can hand-pick the things you think will benefit your lifestyle whilst benefitting from a full warranty in case they break.
Different cars give different impressions
When youíre buying your first luxury car, consider going for something less ostentatious than a Bentley or a Rolls Royce. If you live in a stereotypically middle income area, then a great big Bentley is likely to attract all the wrong kind of attention and look out of place. A BMW, on the other hand, is slightly more ďnormalĒ and is less likely to be targeted by thieves.