Published on May 16th, 2015 | by Ivan Widjaya0
Advantages of Buying a Used Jaguar
The main hurdle for anyone looking to shop in the luxury car market is the high initial prices. Fortunately, there is a competitive used market for the more desirable brands like Jaguar. Not only could this save you a lot of money, but there are several other practical advantages too. Here’s what you need to know.
Find the Perfect Model for You
The car industry is one of the most fast-paced industries around. No matter how many different product lines the company produces though, they can’t compete with sixty years of their own history. Buying on the used market gives you far more options and means you can find the perfect model for you, whether it’s an aesthetic preference or unique feature sets that are no longer offered.
Jaguar are in a unique position of having gone through multiple different ownerships over the last few decades. While Jaguar remains a distinctly British brand, from 1990 to 2008, Jaguar was actually owned by the Ford. In 2008, they were sold to Tata Motors of India. Vehicles produced during these periods may be different than the designs people typically associate with the brand, leading many enthusiasts to search for models that are now only available on the used.
Escape the Cost of Depreciation
There are other practical benefits to shopping in the second-hand market though. For instance, you won’t have to worry as much about losing large amounts of your initial investment to depreciation. This affects all vehicles, with some experts claiming that a new car could use as much as 40% of it’s original value by the end of the first year.
By the end of the third year on the road, you can expect a car to have lost about 60% of it’s original sticker price, assuming it’s had typical use. Depreciation slows down to a much slower rate after 3-5 years, and is the ideal time to buy from used outlets like Ridgeway as most of the damage has been done by this point. This means you can get a great car that’s still in great working order for a fraction of the original price.
It’s important to exhaust all of your available options if you want to find the best deal. Stay patient and you’ll find what you’re looking for eventually.