Tips and Tricks When Buying Used Luxury Cars in Dubai
The Elite Cars – Showroom for Luxury Cars in Dubai
The ultimate dream of 21st century motorists, especially in Dubai, is owning a luxury car. However, luxury doesn’t always mean new. The good news is that you can always find the widest range of used luxury cars in Dubai that will not only suit your taste, but your budget as well.
When negotiating prices when buying a used luxury car in Dubai, it is important to equip yourself with knowledge. The following tips will guide you on how to get through this daunting process, thus helping you choose the right luxury car for your needs.
The Right Value Conducting extensive research about used luxury cars in Dubai is a must to figure out the ideal price range you can negotiate. Take note that when it comes to the negotiation game, knowledge is power. Don’t rely too much on the information provided by the car salesman or the dealer. Before meeting with them, there are two things you have to keep in mind: don’t tell them what you are looking for and the amount of money you want to spend and get information on the type of car you want to purchase.
To find the right value, check Kelley Blue Book Used Car Guide and the National Automobile Dealer’s Official Used Car Guide. Yes, Google is there to help you out but it pays to check these books to get closer to the wholesale value, which is the value taken into account by the dealer when setting the sale price. You can also visit websites for prices of used Dubai luxury cars, such as autotrader.com.
Luxury cars that have been between two and five years since manufacture still look great and have fewer issues than other pre-owned cars. Additionally, what’s more important about these cars is that their wholesale value drops by more than half of their original price after two years. So, you can really get a bargain.
What are the Financing Rates?
Usually, the luxury autos showroom will require you to pay in cash when buying a used luxury car. If you don’t have cash, don’t lose hope as this is when auto financing enters the picture. However, when using this option, working with the dealer is not a good choice as each dealer makes extra money by requesting a loan from the bank. So, it is important to check with your trusted bank and search for the best opportunities out there.
Let the Dealing Game Begin
After determining the car you want to purchase, its price and the best financing rate out there, it is time to embark on the dealing game. Make sure to use a “walking price” to convince the used or pre-owned cars dealer you are dead serious about the deal. In the event he refuses the price, walk away. Take note that there is a 20 percent gross about the deal, so offer 15 percent below the asking price. Make him know that you are fully aware of the wholesale price.
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