Find Luxury 2nd Hand Cars Below 150k Now
Financing and Additional Costs
While the initial purchase price of a second-hand luxury car may be appealing, it's essential to consider additional costs such as insurance, maintenance, and potential repairs. Luxury vehicles often have higher insurance premiums due to their value and repair costs. However, many financial institutions offer competitive financing rates for certified pre-owned vehicles, making it easier to manage monthly payments. According to Bankrate, interest rates for used car loans can vary significantly, so shopping around for the best rate is crucial3.