Buying a used luxury car is often thought of as a “money pit.” But that doesn’t have to be the case all the time.
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Instead, Car lovers with good taste can choose from Carmart‘ list of the most reliable used luxury cars on the market. Check out cars with well-known names, like the Lexus IS 350 and Mercedes-Benz S-Class, that are known for their elegance and style.
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Which is the best luxury Used car to buy in Nigeria?
The market is full of second-hand luxury cars for potential owners to consider. However, these cars top the list of the most reliable posh options:
- Lexus IS 350
- Lexus ES 350
- Mercedes-Benz S-Class
- Volvo S60
- Mercedes-Benz E-Class
According to Carmart, these five used cars have high reliability scores, fuel-efficient. Moreover, the Lexus and Volvo models have competitive average new and used prices. The S-Class and E-Class have much higher average asking prices for both new and used examples.
As a result, the two Lexus models snag the No. 1 and No. 2 spots and typically have to start new car prices of under ₦4 million depending on the model year you are interested. In some cases, the new Lexus models demand closer to ₦10 million.
What is the cheapest luxury used car?
The prices of used cars can vary depending on several factors, including location, condition, and demand.
However, based on current market trends in Nigeria, here are some examples of the cheapest luxury used cars you may find:
- Lexus IS 350: The Lexus IS 350 is a sporty luxury sedan that offers a blend of performance and luxury. You can often find used Lexus IS 350 cars from the mid-to late-2000s for under N2,500,000 in Nigeria.
- Lexus ES 350: The Lexus ES 350 is a comfortable and reliable luxury sedan that offers a smooth and quiet ride. You can often find used Lexus ES 350 cars from the mid-to late-2000s for under N2,500,000 in Nigeria.
- Mercedes-Benz S-Class: The Mercedes-Benz S-Class is a large luxury sedan that offers advanced technology and luxurious features. Used models from the early 2000s can often be found for under N4,000,000 in Nigeria.
- Volvo S60: The Volvo S60 is a stylish and safe luxury sedan that offers a smooth ride. Used models from the mid-to late-2000s can often be found for under N2,000,000 in Nigeria.
- Mercedes-Benz E-Class: The Mercedes-Benz E-Class is a midsize luxury sedan that offers a comfortable and luxurious ride. Used models from the early 2000s can often be found for under N3,000,000 in Nigeria.
Are used luxury cars worth it?
Whether used luxury cars are worth it depends on a number of factors, including the individual’s budget, needs, and preferences.
Here are some pros and cons to consider when deciding if a used luxury car is worth it for you:
Pros:
- Lower cost: Used luxury cars often have a lower purchase price than their brand-new counterparts, making them more affordable for those who want to enjoy the luxury experience without breaking the bank.
- High-end features: Luxury cars are known for their high-end features and technology, such as leather seats, premium audio systems, and advanced safety features. Buying a used luxury car can allow you to enjoy these features at a lower cost than buying a new one.
- Depreciation: Luxury cars often depreciate faster than non-luxury cars, which means that buying used can be a better value proposition since much of the car’s depreciation has already occurred.
Cons:
- Maintenance costs: Luxury cars can come with higher maintenance and repair costs than non-luxury cars, which can be a significant expense over time.
- Reliability: Luxury cars are not always as reliable as their non-luxury counterparts, which can lead to more time and money spent on repairs.
- Insurance costs: Luxury cars often come with higher insurance costs due to their higher value and potential for costly repairs.
Whether a used luxury car is worth it for you depends on your individual circumstances and preferences. It’s important to do your research and carefully consider the pros and cons before making a decision.
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