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Best Car For The Money 2015 – While waiting for his BMW 5 Series sedan to be repaired, Bob Nagaishi scours the parking lot and sees something amazing – a 3-year-old luxury car sold for half of the new price. It made him think. And a few weeks later, he bought the BMW 535i which was published in 2015 from a dealer in Beverly Hills, California. He paid $ 29,981 for a car whose sticker price was about $ 64,000.
“This car is clean without thorns or steering wheel,” said Nagaishi, a retired engineer working in the insurance industry. As a German car enthusiast, Nagaishi liked the way his new BMW was “substantially stronger” thanks to a turbocharged 6 cylinder engine.
Best Car For The Money 2015
But the luck of Nagaishi in the car is not a one-time deal. The generous hunters will be glad to know there is an offer to get from other upscale, lightweight used cars – and even on non-surging non-surging models like Volkswagen Passat and Ford Taurus.
Luxury used lightly
Though Nagaishi did not know it then, her BMW 2015 topped the list of best deals on a 3-year-old car in a recent study by iSeeCars.com, which combines a list of used cars.
The study found that the BMW 5 Series depreciated 52.6% after three years at an average price of $ 30,846, strongly reflecting what Nagaishi found in the parking lot. This is about 1.5 times the depreciation rate in all car segments, about 35% after three years, according to the study.
And BMW Nagaishi is not the only luxury car on the list. Other high-end models, including the Mercedes-Benz E-Class, the Audi A3 and Cadillac SRX, also make the cut. Overall, the list of top 10 iSeeCars includes six German cars, which traditionally have high resale value.
“People who are in the market for their new-to-the-vehicle are often surprised they can afford a 3-year-old luxury car,” said Julie Blackley, communications manager for iSeeCars and study author.
And beyond great discounts, buying nearly-new luxury cars offers another advantage, according to the study:
Technology and options. Optional packages, such as sports packages or luxury goods, are expensive for new car buyers, but are not sought after by used car buyers. That means a loaded car is cheaper when it is resold.
More space to negotiate. Often, luxury cars are first hired, which means they all return at the same time period, flooding the market. Having multiple cars to choose from gives the buyer the influence to negotiate a lower price.
Fewer miles, better conditions. Since these cars were initially leased, the first owners often took care not to exceed the mileage limit and take care of them to avoid a late penalty at the end of the lease.
Tips for cheap luxury car-hunters
The key to recognizing bargaining is understanding current markets and prices. Reviewing the iSeeCars list is one way to find a solid car for a relatively low price. For example, the average price of Volkswagen Passat 2015 is now $ 14,906, down 50.7% for three years. Audi A3 2015 sold for an average of $ 21,120, about 47.9% of the original price.
Once you find the market value of the car you want to buy, determine the value of your trade-in. So be prepared to negotiate.
The Beverly Hills dealership where Nagaishi bought his BMW did not bargain the price, making the transaction “painless like a car purchase can be,” he said. However, getting the right trade-in price for the previous car is more difficult. He was not satisfied with the initial offer for the 2011 BMW 5 Series, so he survived a better price and eventually got a $ 12,000 credit toward his new car.
When buying a used car, Blackley also recommends getting a vehicle history report or running a vehicle identification number through the free VIN Decoder iIN. You can use any negatives on the report as influences in your negotiations, or continue the car at all.
“The 3-year-old car has a lot of lives left over, and if it’s well maintained, this car should last as far as 200,000 miles,” Blackley said.
Depreciation in other segments
Other types of vehicles generally will not produce the same discount for used car buyers. The lowest three-year depreciation in the iSeeCar study was in the pickup truck segment, at 23.3%. The biggest discount in the segment was Ram 1500, which depreciated 33.2% over three years – still less than the average depreciation rate among all segments.
Despite the luxury car depreciating rapidly, Blackley said the sedan in general, and the compact car in particular, “re-made” in popularity due to rising gas prices. This means they will also be better at holding back their resale value – and becoming more expensive for used car buyers….