Depreciation is one of the biggest drawbacks to buying a new car. The common depreciation amount of around 50 per cent over the first three to five years can amount to a small fortune when it comes to luxury cars. On the flip side, this means that the used car market can offer great value when shopping for these types of cars.
We had a scout online over the last few weeks to see if we could find some exceptional vehicles that are on sale for considerably less than their original RRP.
2016 Mercedes-Benz C63 AMG
Used Price $79,999 (Cost when new: $164,900)
The Mercedes-Benz C63 AMG sedan is a performance monster - it sports a bi-turbo 4.0-litre V8 engine and produces 375kW and 700 Nm torque with thrust of 0-100 kph time of just 4 seconds.
It was awarded a 5-star ANCAP rating, due to its modern features like pedestrian avoidance with braking and low-speed crash avoidance. The interior has leather heated front seats and a panoramic glass roof.
The C63 AMG we looked at has an optional “night package”, which includes factory tinted windows and other black-coloured accents and an adjustable AMG performance exhaust system. These packages can cost thousands to add on, so finding one with these extras and only 31,500km on the clock only sweetens the deal.
2013 Maserati Quattroporte Sportline GTS
Used Price $60,000 (Cost when new: $295,000)
The Maserati Quattroporte (Italian for ‘four door’) is, unsurprisingly, a four-door saloon, which happens to feature the Ferrari F140 V8 4.7l engine, developing 335.8kW and 510 Nm of torque.
The car boasts pristine Italian styling from renowned design house Pininfarina. It also comes with a premium sound system, complete with carbon fibre finishing accents and a cool box in the centre console to stow your beverages in.
Despite the age of the Quattroporte we looked at, it’s only covered 33,000km and includes nice safety features like side airbags, electronic stability control and active-cornering Bi-xenon headlights.
2006 Bentley Continental Flying Spur
Used Price $59,990 (Cost when new: $365,000)
This unmistakably British-designed Bentley is powered by an indulgent W12 twin-turbo 6-litre engine, allowing you to drive anywhere in ultimate style and comfort.
The example we found is New Zealand new and in immaculate condition thanks to it only having one owner from new. It’s only travelled a mere 11,500kms across 13 years.
The car is finished in metallic silver with a dark blue leather and wood grain trim; it has all the makings of becoming a future classic. Despite the mileage, this Bentley also boasts a full dealer service history with a total of ten stamped services through Bentley Auckland.
If you have found yourself tempted by a used luxury car always ensure you choose wisely, here are some simple tips that can help to reduce the risks of your new luxury car:
- Ensure you can afford insurance cover
- Get a history check to ensure there is no outstanding finance and to find out more about the car’s past
- Go for an extended test drive and check for any suspicious noises
- Get a diagnostic scan - luxury models can often feature aging electronics
- Have a specialist look over the vehicle, preferably someone who has experience or in-depth knowledge of that particular model and the faults that can occur
- Investigate the potential repairs and their costs - if some parts are worn, understand what it will cost when the repair is necessary
- If possible, talk to a club or enthusiast group to better understand the quirks and idiosyncrasies of a particular model - they may even be able to guide you to a suitable place to do a vehicle inspection