How to Save Money on a Luxury Car

Any vehicle is capable of getting you from A to B, but once you’ve spent some time behind the wheel of a luxury car, with their powerful engines and all the state-of-the art comfort and safety features surrounding you, it can be difficult to go back. But these cars certainly don’t come cheap, so they’re definitely not a purchase that most people would rush into. The good news is that there are several savvy ways to bag your dream luxury car at a discounted rate. Here are some ideas:

#1. Shop Around:

Bear in mind that the pricier the car, the more money the seller is making. So, it’s worth comparison shopping and negotiating with dealerships if you need to. When you see the ‘dealer invoice’ price advertised, this is more often than not a gimmick, and not what the dealership has actually paid for the car, so you may even be able to negotiate even lower. And, make sure that you read all the fine print to see if there is anything that does not have to be included in the advertised price. And finally, if you don’t feel like you’re getting the best deal, don’t be afraid to walk away – somewhere else will be more than happy with your business.

#2. Go for Second Hand:

A brand-new luxury car may be a dream come true for some, but the sad truth is that they lose a huge amount of their value the moment you drive them away from the showroom. So, for the most part, buying your luxury car brand new isn’t really the wisest of options. And, you can find many second-hand luxury cars that are only a few years old and have only had one previous owner at a much lower price point than you’d expect to pay brand new, but in a very similar condition. Always look for second hand deals when you’re searching for luxury auto sales – it’s far more economical.

#3. Hire a Broker:

If you’re serious about getting your hands on a luxury car, then you might want to consider investing in the services of a broker. After all, time is money, and if your time is worth more doing something other than looking around for the perfect luxury car at the right price, the amount of money you pay your broker may be worth it. An experienced broker will not only be able to make sure that you’re getting the best quality at the best price, but will also know their way around the market and be able to spot things that you may have easily missed when looking for your own car.

#4. Time it Right:

Finally, timing it right can make a huge amount of difference to the amount that you pay for a luxury car. Dealerships tend to have monthly quotas for sales and earn bonuses, so it’s not uncommon to see more deals offered at the end of the month in order to ensure that targets are hit. However, this can be hit and miss as if a dealership has already hit their target for the month, as there may be no need for them to offer discounts.

Which luxury car are you thinking of getting?

Dragan Sutevski

Posted by Dragan Sutevski

Dragan Sutevski is a founder and CEO of Sutevski Consulting, creating business excellence through innovative thinking. Get more from Dragan on Twitter. Contact Dragan