If you are considering getting into the luxury car rental service business, then you should consider checking out the used car market. Many people assume that used means old however, this is a very big misconception. In most cases especially in the luxury car market, used cars may just be between 1 to 8 years old and with minimal mileage. This is simply because most luxury car owners are not known for their love for frequent road trips.
Let’s take a look at the top 3 benefits of purchasing a used luxury vehicle for your car rental service.
You will get good value for your money
As we have established, used does not mean old especially for high end vehicles. The best and most affordable way to beef up your fleet when venturing into the luxury car rental service is turning to the used car market.
High end vehicles are built to last with good maintenance and the beauty about this category of vehicles is that their owners who are mainly wealthy individuals neither use them for long nor abuse them.
This means that these vehicles will always be basically as good as new by the time you are purchasing them as a second owner.
The value for money comes in keeping in mind that luxury cars generally depreciate very fast. This becomes a benefit to you the buyer because within just a year of release, a luxury vehicle may depreciate by as much as $100k. Talk about getting it cheap!
Used cars have been tried and tested
If you are a keen follower of news, you are familiar with stories about new vehicles being recalled by their manufacturers just months after hitting the market. High end vehicles have not been spared from this.
The beauty about purchasing a used luxury car is that it has undergone real testing in the hands of its owner and many have gone the extra mile to write reviews.
This ensures that as you are doing your due diligence before making the purchase, you have access to sufficient information about the vehicle’s reliability, comfort, safety and efficiency which are very crucial when operating a luxury car rental service.
Attractive warranty offers
Depending on the dealership you choose to purchase your luxury car from, today as a testament to their confidence in the quality of the vehicles they are selling, some dealers are willing to offer warranties of up to three years on used luxury cars.
This is a very attractive offer if you are operating a luxury car rental service for obvious financial reasons. Any costs you can cut in their maintenance and insurance premiums means more money in your pocket.
If you are seriously considering purchasing a used luxury car, the rule of thumb dictates that due diligence is key. Ensure you make the purchase at a reputable dealership and also go through the individual car reviews from users who have been driving these vehicles for an extended period of time. Otherwise, all things done right, this is one of the best decisions you will ever make.