Have you ever dreamed of owning a luxury car? Who hasn't, right? But often, the high prices scare us off. What if we told you luxury cars don't have to break the bank?
Buying a luxury car can be an exciting yet daunting experience. With so many models and options, how do you know if you're getting a good deal? It's easy to overpay if you need help understanding the market.
In this post, we'll explore four little-known but proven methods to identify bargain buys so you can get the keys to your dream machine without draining your bank account.
Let’s get started!
The Pain of Overpaying
Have you ever had your heart set on a luxury car, only to be shocked by the price? Passing up your dream car is frustrating because it doesn't fit your budget.
You took the plunge and paid the total price, then later saw the same model advertised for thousands less. Knowing you could have saved big if you only knew the proper steps is disheartening.
It is a common problem many face when buying high-end cars. But it doesn't have to be this way.
The Solution is Smarter Shopping
By learning insider tips on pricing and negotiation, you can buy the luxury car you want for a bargain price. With the proper knowledge, you'll save money without sacrificing style, comfort, or performance.
We're going to reveal the luxury car buying process so you can approach it with confidence and land an amazing deal.
4 Ways to Uncover Luxury Car Deals
Here are four proven but commonly overlooked methods for finding luxury car bargains even the experts miss:
1. Time it Right
The first step in bargaining for a luxury car is timing your purchase correctly within the year and model's lifecycle.
Certain months, like December and January, are optimal times to buy. Prices also tend to drop when new model years are released, as dealers want to clear out older inventory.
You can save 20% or more if you buy a luxury car during the proper promotion. Therefore, it pays to plan your purchase around peak dealership incentives.
2. Shop End of the Line Models
Another way to score a bargain luxury car is to look at end-of-the-line models.
Luxury brands redesign cars on 4-7 year cycles. When the production run ends for a particular model, you'll typically see significant price drops and incentives to move the final units off the lot.
For example, if an Audi A6 model is in its last year before a redesign, you should see good bargains on the remaining dealer inventory. Capitalize on the savings from delayed demand before interest on the revised version increases.
3. Consider Demo Models
Demo luxury vehicles offer another way to buy premium cars for excellent discounts vs. brand-new ones.
Dealers use certain cars as demos for test drives and allow staff to drive them for a few months. At the same time, not technically brand new, demo luxury cars have yet to be used.
Since it's no longer "new," the dealer will often sell demo models for 10-30% below the original MSRP. Given how gently most have been driven, they look and function close to new.
4. Shop Online Auctions
Online car auctions like those on eBay Motors can be treasure troves for bargain luxury car buys.
You’ll find an extensive mix of used luxury vehicles selling well below market rates. Part of the reason auction prices are lower is that you must pay cash upfront rather than finance.
While buying luxury cars at online auctions takes more research and carries some risk, the potential savings of 40% or more make it worthwhile. Thoroughly vet each car's condition before bidding for a bargain luxury ride you'll enjoy.
Get Your Luxury Car Today!
You can successfully identify bargain buys in the luxury car market using one or more of these proven methods. Time it right, shop final models, look at demos, and use online auctions to your advantage.
The money you'll save can pay for higher-end features or accessories to personalize your new luxury vehicle. Either way, you'll feel great knowing you paid far less than MSRP to drive off in style.
