Quick depreciation is a terrible thing. And a beautiful thing.
For buyers of new luxury cars, a sinking value can lead to abandoning a car after just a couple years of ownership. For buyers of used luxury cars, it can lead to some killer deals on cars that would have been unattainable new.
Think about it: If you had the choice between a brand-new, top-of-the-line Toyota Camry or a 3-year-old Jaguar XF, wouldn’t the Jag bring you an exponentially greater amount of happiness? Of course, it might also bring heftier insurance and repair bills, but that’s beside the point. We’re talking image here—and a well-priced used luxury car can provide ample amounts of that!