Is it advisable to buy second-hand luxury cars in India?

Do you love luxury cars? Every time you are on the road and see a luxury car, does your heart skip a beat? But then, are you ready to spend a huge amount of money on luxury cars? In such a situation, buying a secondhand luxury car would be a great option for you. You can find a lot of second hand cars in India.

For most of us, cars can be a lifetime investment. On top of that, if you are buying a secondhand car, no matter if it is a luxury car, you have to be very careful. Furthermore, second hand cars do come with certain issues. So, is buying a secondhand luxury car in India worth it? In this article, I will be discussing everything that you need to know about buying second hand luxury cars. This will help you decide if you want to invest your money in purchasing one.

Pros And Cons of Buying a Secondhand Luxury Car

Pros –

1. Luxury at Lower Price – Second Hand luxury cars come with a benefit. A second hand luxury car loses its value by 50% no matter the old or new it is. Furthermore, the cost of an expensive car depreciates the most. There are a lot of car markets in India where you can find a second hand BMW for Rupees 15 to 16 lakhs.
2. High-Quality Products at Lower Price – Luxury cars cost a lot because they are made with high-quality premium products. Furthermore, the build, the features, and the finish are also premium. It does not matter if the car is secondhand. The inbuilt quality of the car is premium. So, you can enjoy a high-quality luxury ride at a lower price.
3. Safety Features – Luxury cars are also much safer than the other second hand cars in India. They usually come with safety features like – ABS and EBS, 6 to 7 airbags, ISOFIX child seat count, 360-degree camera, parking sensor cameras, and much more. Coupled with that, the premium technology in these cars also makes them very safe. And if it is a used luxury car, you can still enjoy these features at a much lower price.
4. Well Maintained Cars – The owner of a luxury car usually tries to maintain the quality of the car. So, you can expect to get a second hand luxury car that does not need much mending and maintenance.

Cons –

1. High Maintenance– You can easily find luxury second hand cars in India. These cars might also be in good shape. But once you buy the car, you will have to maintain it. Maintaining a luxury car can be very costly. In addition to that, maintaining the luxury features of the car becomes inevitable once you buy it.
2. Fuel Costs – Luxury cars consume a lot of fuel to provide you with these luxurious features. You might be able to get a second hand luxury car at an affordable price. But in the long run, you will be losing a lot of money on fuel to run the car. Furthermore, the repair costs on the luxury cars are also on the steeper side.

4 Tips to Keep in Mind Before Purchasing Secondhand Luxury Cars

Choose Luxury Cars Properly – If you are planning to buy a secondhand luxury car, try to collect information about luxury cars. You will only find limited secondary luxury cars at a very good deal. And you do not want to wait your time being confused. First, know the actual value of the luxury car. And second, negotiate with the dealer properly. Furthermore, make yourself well-educated about luxury cars.

Inspect Properly Before Purchasing – Because you are getting a luxury car at an affordable price, do not run to buy it. Furthermore, check the batteries, the central control system, the high-tech features, and even the lights. Make sure to inspect the car before investing even a single penny in it. You can find several second hand cars market in India, so remember to check all your options.

Keep a Track of the Modification Cost – The luxury car you are planning to buy might need some modifications. You might want to change the design and customize certain things. Likewise, check the tires, the paint’s quality, engine sound, exhaust pipes, and many more such things. Add the modification cost to the amount you are paying for the car. That will help you understand whether the total cost is worth it.

Buy a Certified Luxury Car – Since you can find a lot of luxury second hand cars in India, check whether it is genuine. Try to buy your car from a certified dealer to make sure you get the premium quality you are paying for.

As mentioned earlier, you can find a lot of luxury second hand car dealers. But, finding the right car at the right deal can be a task. On the other hand, if you want to sell your car, log into the Park+ App. Here you will be able to compare the prices and get the best value for your car.