Is it bad to buy a pre-owned luxury car while working on a 9-5 job? -

Is it bad to buy a pre-owned luxury car while working on a 9-5 job?

Is it bad to buy a pre-owned luxury car while working on a 9-5 job
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Buying and maintaining a pre-owned luxury car can be tricky if proper attention is not paid to the pre-purchase inspection. Moreover, the financing options on pre-owned luxury cars are limited as the cars have already depreciated and the warranty period has ended in most cases. Thus, it is not exactly bad to buy a pre-owned luxury car while working a 9-5 job, but it can be very tiresome if you cannot take care of the maintenance and the related cost.

The cost of ownership of a used luxury car is no less than INR 25,000 annually for regular essential service. If your income allows for that type of investment, then you can go for a pre-owned luxury car of your dreams. One of the most important things to keep in mind is that luxury cars are mainly performance-oriented and hence, the mileage is already meager to serve Indian conditions. The subsequent fuel economy is quite average as compared to a brand new premium sedan, and the affordability of the vehicle can go down considerably.

A luxury car is a complex machine and a lot of components cannot be repaired without an expert’s help. These cars cannot be maintained or serviced in a local garage near you and certainly not by technicians who have zero hands-on experience on these vehicles. Being in a 9 to 5 job can certainly help you find the right amount of time to invest, but the expenses can be staggering. Thus it is essential to carefully weigh your options and your basic requirements before purchasing a pre-owned luxury car.

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