Have you ever dreamed of owning a high-end luxury car? Many of us desire the prestige and performance of driving an Audi, BMW, Mercedes-Benz or Lexus.
Unfortunately, most luxury vehicles come with eye-watering price tags, putting them out of reach for average car buyers.
However, you can find significant discounts on new and used luxury cars with the right strategies. With smart shopping, careful research, and patient negotiation, your dream car may be more affordable than you think.
In this blog post, our experts tell you the top 5 tips for finding a discount on a high-end car. Read on to learn five insider tips for landing luxury car deals and making your aspirations a reality.
Struggling to Justify Spending Big on a Car Purchase?
Feeling guilty about splurging on an expensive vehicle is understandable when you have other financial priorities. And paying the total sticker price for a luxury car could put a painful dent in your savings.
However, by using clever techniques to unearth savings, you can enjoy premium features and performance without overextending your budget.
Getting behind the wheel of your dream car shouldn't mean wrecking your finances. But traditionally, most shoppers assume elite brands come with shocking price tags far removed from average incomes.
By taking advantage of lesser-known strategies for unlocking savings, luxury cars may fit your budget better than assumed.
Ready to Finally Find Affordable Luxury Wheels?
If, like many, images of acclaimed luxury models parked in your driveway fill your daydreams, you can transform aspiration into reality. Typically, high-end vehicles are reserved for those with lavish incomes. But equip yourself with insider knowledge to discover significant discounts and enjoy a taste of the good life without breaking the bank.
Here are some tips:
1.Know When to Buy for Maximum Discounts
Timing is everything when scoring deals on coveted luxury makes and models. As with anything, supply and demand determines market prices to a large extent.
You can leverage this in your favour by getting savvy in shopping when supply is plentiful and demand is discounted.
Late summer into early fall is ideal for dealerships to clear out older inventory to make room for next year's models.
Right before a new model launches is also primetime for savings, as brands compete on price for old stock.
Purchasing your dream car could be a reality if you buy during the year's best discount windows.
2.Consider Certified Pre-Owned for Significant Savings
If buying brand new isn't a prerequisite, choosing a certified pre-owned (CPO) luxury vehicle can net you substantial savings, sometimes as much as 30%, versus new.
When buying from a brand's approved used car program, you still get advantageous perks like extended warranties, vehicle history reports, thorough inspections and manufacturer backing.
Many CPO vehicles are gently used lease returns, corporate cars, or one-year trade-ins, which are still reasonably new. When drivers choose upgraded models, adorable “old” c" rs "et traded.
Go CPO and let another's for the shiniest features subsidize your savings on a like-new car.
3.Shop End of Model Year Sales
Like holiday sales in apparel or home goods, car dealerships host huge year-end sales to shed inventory before next year's release.
This presents a reasonable chance to pounce on steep discounts as you negotiate the best price.
Many sales specialists have monthly quotas to hit, so you may luck out with a rep eager to move volume by shopping late in a month or at the tail end of a quarter.
Like savvy garage sale shoppers, deal-seeking at just the correct times can make luxury models more attainable than you may think.
4.Lease Then Buy Out Right
An underutilized tip is to lease your desired luxury vehicle first, then buy it outright once it ends. Upfront outlay will be much lower than initially purchased.
Once your term ends, negotiate to buy the car for the residual value rather than returning it. This backdoor pathway circumvents MSRP markups and gives you leverage.
Since the dealership received monthly payments from you already, they'd prefer selling you the car afterwards than taking it back onto their books.
Use this insider tip to finally enjoy a prestigious set of wheels without overpaying.
5.Take Advantage of Dealer Incentives
Manufacturers frequently offer dealer incentives to help move inventory by spurring buyer demand. When interest rates, rebates or incentives become available, luxury car prices can plummet dramatically.
Benchmark rates are available through an auto loan marketplace, so you can recognize a reasonable financing rate when offered.
By factoring available incentives into price negotiations, you can drive out in style while keeping more cash in your wallet.
Monitoring programs periodically can alert you to flash sale savings as specials come and go. Sign up for newsletters to be the first to learn about limited-time luxury deals.
Unlock Your Entry to Luxury for Less
Now that you have insider tips to unlock luxury savings, why keep delaying those dreams?
Find the courage to upgrade your expectations and your next vehicle purchase. Everyone deserves access to live life things without breaking budgets.
Start searching listings with fresh eyes, buy at optimal times guided by industry knowledge, and enjoy the confidence and pride your dream car delivers as you cruise stylishly.