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Is it difficult to sell a luxury car?

By LLM Reporters on 28th October 2018

Sleek, stylish, sexy… Pick your adjective; luxury cars are for many the height of success, a true indicator that you’ve made it big. But what about when you’re head is turned by a new model, or perhaps the magic is beginning to wear off. You want to trade in and get a new car – but how easy is it to sell the old to bring in the new?

Well, one thing is for sure, the demand for luxury cars isn’t going anywhere. Reports show that, while the automotive industry at large has been suffering in financially uncertain times, the luxury and high-end market hasn’t been affected.

This means that there are plenty of people out there buying luxury cars. And with ecommerce services like Autovolo selling your car has never been easier. Which is great news if you are looking to sell. However, there are still some factors to consider.

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The global luxury car market has been relatively untouched by the financial crisis and has been posting growth driven by the emerging markets

Sometimes Nearly New Just Won’t Cut it

One thing to be aware of is that for some in the luxury car market, new is the only way to go. For some people, the appeal of a luxury car may include the newness. For this reason, luxury cars often depreciate more rapidly than their more humble counterparts. However, this comes with a caveat. While they may lose value faster, they remain valuable for longer, because a luxury car starts at a far higher price than other vehicles. On top of this, luxury cars are often great feats of engineering, with the highest quality parts and design. This means that they are perceived as more reliable in their older age.

Beware the Fickle, Faulty Gadget

Another thing that is worth being aware of is the way that luxury cars are specced. In the high-end market, you’re far more likely to have cars with all kinds of extras and gadgets like sat-navs, alloys, heated seats and a host of other little perks.

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One thing to be aware of is that for some in the luxury car market, new is the only way to go

This is another way in which an older luxury car may pale in comparison with newer rivals, because while the inside of an engine remains largely unchanged in the last ten years, the state of in-car technology has improved hugely. From touchscreens to Bluetooth connectivity, this is one area where newer cars will trump older models.

Furthermore, while luxury cars may be built to perfection beneath the bonnett, many of these gadgets and gadgets are far less bulletproof. As such, in older models they begin to be faulty, and will probably not be the kind of thing that your local mechanic can fix.

This can go well for you, because if the car you are selling still has all its extras intact and fully functional then you’ll be above the competition and able to get a better price.

Ultimately, people will care far more about the way the car drives and the condition it is in than the extras, so it doesn’t pay to get too hung up on them. Still, it is something worth bearing in mind while researching your price.

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One huge advantage you have when selling a used luxury car is their design

Image is Important

One huge advantage you have when selling a used luxury car is their design. They are made to be stylish, to be beautiful. Although fashions change, it is rare that luxury cars age badly. This is because they are so well designed that they remain desirable. As such, you needn’t worry too much about your luxury car ever becoming uncool!

There is a serious point here though – image is very important when it comes to selling your luxury car. Make sure you get it cleaned up and looking its best before you sell and also that you get really nice looking pictures for your online listing. That way, buyers will see your car at its sleek and stylish best.