Most people have a hankering for a luxury car, regardless of whether they class themselves as an auto fanatic. It’s only natural to seek out an extra bit of comfort, class, and, of course, onboard gadgets. However, there is one problem – luxury often comes with an enormous price tag.
But there are a few ways that you can get your dream of luxury for a little less. In this guide, we’re going to take a look at some of your options. There will be a bit of work involved on your part, naturally, because you should never expect something for nothing. Especially when it comes to buying a dream car!
But, these are proven methods that have been used by many people over the years, and there is nothing stopping you from doing the same. Ready, well let’s get going right away.
Bide your time
The best price for a luxury car isn’t going to be offered to you on your first visit to an auto dealer. Unless, of course, you are very lucky. You’ll need a lot of patience and an ability to play the long game if you want to get more vehicle for less money.
The first step is an easy one: do not buy a new car under any circumstances. A brand new vehicle is a huge pull, but two years down the line, the same luxury used cars could cost you half the price of their original value. Even if the car is in immaculate condition. That’s up to a fifty percent discount right there, and we haven’t even got started yet.
Save your money
Many of the more luxurious cars you will see around your neighborhood haven’t been paid for in a lump sum. Most will be paid for by some kind of car loan. Don’t be tempted to do the same if you want to save money in the long-term.
Yes, you might be able to afford the monthly payments. But the simple fact is you won’t actually own it for at least five years, and by the time you, you will have overpaid. In some cases, a car loan can cost you twice the value of the car. Throw in the depreciation and you have effectively lost a fortune.
Instead, save up the money you would have spent on your repayments, and go for a cash offer after a couple of years. The same car can be yours at a fraction of the price it would cost with a car loan.
Learn the basics of mechanics
OK, so we’re not saying that you should become a full-time student and do a course in mechanics. But, knowing the basics can go a long way towards getting you the very best price for your dream car. As long as you have a bit of time on your hands, you can buy a damaged luxury car for next to nothing, and fix it yourself.
Of course, you will also have to spend money on parts and replacements, but as a DIY project, it will save you mega bucks. Once you think you are finished, let a qualified mechanic take a look and pass it for safety, and your luxury car is ready to drive. All for a tiny percentage of what it would otherwise cost you.
Best of luck in your quest for luxury – we would love to hear how you get on!