SHOULD YOU BUY A USED LUXURY CAR?
It’s that time again. Your old vehicle is racking up the miles or perhaps has started to develop constant issues that need repairing. Such is the life of an aging car. Instead of going with a new vehicle or a “typical” used one, why not consider splurging a bit for a bit more style? Used luxury cars offer the allure and trappings of trusted brands such as BMW, Lexus, Mercedes, Audi, and Cadillac but at a fraction of their original cost. You don’t need to spend a ton of money to get the luxury and status of a higher-end vehicle. For Fort Worth drivers looking to upgrade their current vehicle to a luxury model, let’s take a closer look at some of the ins and outs.
Used Luxury Cars Depreciate Slower
There is no denying that feeling of rolling off the lot with a brand new car, knowing you’re the first owner. At the same time, it’s fairly well known that new cars depreciate quickly. When buying a used luxury car, that depreciation has already happened before the time it gets to you, thanks to the previous owner. Also, luxury brands tend to depreciate slower as opposed to a cheaply-built, brand new car, which might lose most of its value by the time you pay it off. Higher-end vehicles will hold onto their value longer because they are better built with higher quality parts that last as they age.
Used Luxury Cars Offer a Trade-off on Features
If you’re weighing the specific options and features of a new car vs. a used luxury model, you’ll have some decisions to consider. Some of the higher-end features like multi-zone climate control, rain-sensing wipers, and advanced safety features & tech options may not be there on a new, basic model (depending on trim level and budget). However, these all may be present in a luxury car, and choosing to go used will allow more of these features to be included in your budget.
The trade-off, however, is the quickly advancing state of today’s technology, which both improves and becomes more affordable over time. For example, a new car might be completely compatible with your smartphone or tablet, where the infotainment system in an older luxury car may not. GPS navigation and wireless connectivity may also be a bit outdated as well. They aren’t dealbreakers by any means, but if these are essential options for you, it’s worth looking at used cars which are more recent.
Used Luxury Cars Mean You Can Ride in Style
Let’s face it, one of the main reasons drivers choose luxury models is because of their status and style. Sure, you can get that from a lower-end new car as well, but for many folks, there’s nothing better than that feeling of prestige that comes with a luxury car. You’ll not only appear sophisticated in your new car, but if you buy used, you can pat yourself on the back for being a smart shopper.
Used Luxury Cars and Warranties
While new cars are covered right out of the gate by a warranty, choosing a used luxury car will require extending the warranty on the vehicle, or purchasing a third party used car warranty. You’ll be paying a bit more out of pocket for this expense, but third-party warranties often include specific advantages that standard factory warranties don’t, such as loaner cars and roadside assistance.
What Are Some Used Luxury Cars to Look For?
The SRX is a luxury midsize SUV which offers a spacious third row is seating, perfect for kids. Despite being an SUV, handling is superb, and there’s plenty of interior cargo space. It was offered with either a V6 or V8 engine; the former providing improved fuel economy balanced with ample power. Inside are creature comforts like a Bose sound system, leather seats, and a rear-seat entertainment system.
This model was discontinued after 2011, but used prices for this luxury sedan still make it an appealing option. It offers a powerful V8 engine, smooth ride, ample trunk storage, and a huge interior with room for up to six passengers. Also inside the cabin are intuitive technology options for its time.
Remember the old-school classic Cadillacs? This full-size sedan is what those cars would be now. The XTS is spacious, comfortable, and packs in a lot of features for the price. It’s a model that has evolved over the years, adding innovative features like Apple CarPlay integration, power-adjustable front seats and advanced safety features like lane-keep assist and automatic parking assist.
This king of the Cadillac hill makes its presence known with a giant 420 horsepower V8 engine providing a silky ride. Its cabin is loaded with leather everything and just about every tech gadget that is able to be installed in a vehicle. In recent years the Escalade has been upgraded with a 10-speed automatic transmission which greatly improves the V8’s fuel economy. In addition, you may find models with automatic park assist and a slew of navigation and infotainment features.
Situated between a traditional compact and midsize offering, the TLX is powered by a four-cylinder or V6 engine and is available with either front-wheel or all-wheel drive. A choice of thee different option packages is available – Technology, A-Spec, and Advance, as well as a variety of dealer-installed accessories.
Audi’s A4 offering comes in a choice of two models, sedan or station wagon. The sedan comes standard with front-wheel drive, while all-wheel drive is an option. The wagon includes all-wheel drive standard and also offers higher ground clearance.
BMW 4 Series
Available in three body styles sure to appeal to various drivers – coupe, convertible, and the five-door hatchback Gran Coupe. The 4 Series is driven by a four-cylinder turbo or a V6 in both rear and all-wheel drive configurations.
Multiple configurations of the E-Class are available – coupe, convertible, sedan, and station wagon, all with either front or all-wheel drive. This wide selection and an array of available options means there are lots of E-Class vehicles out there to choose from.
Step Into a Used Luxury Car at Frank Kent Cadillac
Choosing a used luxury vehicle ensures you get a vehicle with great performance and style at a price you can afford. Here at Frank Kent Cadillac, we can make that happen. Buying a used car can involve some risk if you happen to go with a dealership that’s not well known or through a private sale. You don’t have to worry about that risk with Frank Kent. We’ve been around a long time, and we know our customers have a high standard when it comes to reliable quality vehicles and competitive pricing. Texas drivers know quality and demand comfort, and can find both in our fine selection of used luxury cars.
When you visit us for a used vehicle, our friendly and professional staff will walk you through the entire buying process and will answer any questions you may have. Our job is to get you into the right vehicle for your needs. Our expert financial advisors are also here to help you with terms that best fit your budget. For our customers, we offer convenient hours, so it’s easy to visit us on your schedule. So stop by our showroom today right here in Fort Worth to see how we can get you into a used luxury vehicle. You’ll be glad you did!