Used exotic cars shouldn’t seem like rocket science, and they don’t have to. Although so many myths and misconceptions surround the issue of buying used supercars, it can be a very stressful prospect. There are many myths that we hear, but rarely is there any truth behind them.
Though owning an exotic vehicle may be appealing, it’s important to consider the true cost of owning one before you head to the dealer. If you’re considering buying an exotic car, there are a few details you need to know. Before signing on the dotted line, buyers of used exotic cars should consider the costs and truth involved. The myths mentioned below complicate things more than they need to be, which is why we are busting them wide open before you finalize your take.
Therefore, let’s get into the details.
Buying a Used Exotic Car: 6 Myths Busted!
Myth 1: Used Cars Aren’t Reliable
Nothing, but lies. Modern cars are built to last. The average vehicle these days can travel upwards of 200,000 miles before breaking down. The use of new technology and innovations in machinery has extended the useful life of vehicles.
If regular maintenance is performed on your exotic car (oil changes, tire rotation, daily maintenance), you’ll enjoy a smoother ride. If you are looking for used supercars for sale and want to know general reliability, check a trusted dealer like iLusso.
Myth 2: Maintenance Costs Too Much
For the latest model exotics still under warranty, conventional maintenance at dealerships is expensive. If you have to visit a dealership (which you are never required to do during the warranty period), the cost of maintenance can be high. Oil changes for Lamborghinis or Mercedes, for example, cost $400-500, but so what? An average Mercedes battery costs between $300-$350. There are exceptions, and it’s not the rule for every exotic.
Myth 3: Used Exotic Cars Don’t Have Any Resale Value
No matter what, vehicles that are properly maintained will hold their value a lot longer. So, don’t be deceived by false conceptions. A regular schedule of maintenance will help a vehicle retain its integrity as well as things like safety, fuel economy, appearance, and reliability.
If you have kept your car in good shape and decide to sell your exotic in a few years, you are more likely to be able to trade it in or get a good price for it. Because you bought it as a used car, you won’t have to spend as much to make a profit.
Myth 4: There’s No Way to Tell if You Are Buying a Quality Used Car
There is no truth to this myth. A certified mechanic will be able to determine whether the car has been properly maintained throughout its lifespan. There are clear signs that any skilled and experienced mechanic can see if the previous owner ignored dashboard warning lights, skipped oil changes, and neglected routine maintenance.
All used cars come with a report that details their accident (and damage) history. So, you can easily identify if the car is reliable or not.
Myth 5: Insurance is Expensive
Again, wrong. In the case of exotic car insurance, you’ll only pay more than an average Mercedes or BMW if you have a bad driving record. Several variables contribute to the cost of insurance on an exotic car, for example, the frequency of driving, vehicle use, accident, and the chance of survival.
Myth 6: It’s Money Pit
It doesn’t apply to used exotics, but only to new ones. Depreciation of exotics is harsh, and buying new is never a good idea. iLusso can help you know how to leverage that, so you can drive for free. New exotics are liabilities; used exotics are often assets.
Where and When to Buy an Exotic Car
Those purchasing cars often focus their attention on exotic Cars dealerships that specialize in specific brands. Make sure you know all the fees a dealership charges for new cars before you set foot on their lot when selecting the best place to buy an exotic car.
It is also important to understand that many exotic cars are only available on a waitlist. Limited-edition models like those manufactured by Porsche, Ferrari, and Lamborghini have an air of exclusivity about them. Waitlists may prioritize owners who have purchased new cars from the dealership before, making the buying process more expensive and time-consuming than anticipated.
When it comes to purchasing a vehicle, iLusso makes it simple – search exotic vehicles, compare financing options and negotiate a price. So, contact us and we may help you buy your exotic car safely and quickly.
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