Used Lexus in Austin – Pay Less for the Same Classy Car

A highly coveted brand, Lexus attracts an enormous number of car buyers from around the world. Thanks to its luxurious style, beauty, and character, it ranks among the world’s top-rated entry- to mid-level luxury vehicles. But like other top car brands, it happens to be a little too pricey for many people. However, this doesn’t mean you can’t get your hands on it at all if you have a limited budget. By acquiring a used Lexus in Austin, you can drive the same classy car without draining your hard-earned money.

Here are some benefits of purchasing a used Lexus in Austin.

Benefits Of Buying An Austin Used Lexus

When it comes to buying an Austin used Lexus car or SUV there are many benefits that many don’t know about. Aside from the lower price tag, purchasing a pre-owned Lexus from our Austin used car dealership delivers an outstanding vehicle, peace of mind in terms of quality, and money-saving scheduled maintenance. Some of the other cost benefits of buying a used Lexus in Austin are listed below.

Used Lexus Pricing

Understandably, the biggest benefit of buying a used Lexus instead of a new one is associated with pricing. Most used cars are almost 50% cheaper than new cars. Even if you seek car financing, you’ll be able to pay off a used car much faster, saving you tons of money in financing fees.

Also, many types of fees such as shipping charges, dealer preparation, destination fees, and even some hidden advertising fees contribute to the overall price of a new vehicle, making them much higher priced. A used car, on the other hand, has no hidden fees, nor will you be faced with any surprises in terms of costs.

Wider Range of Options

Besides this, when you explore used Lexus models, you’ll always have a much wider range of options that fall within your budget than the new Lexus models. Often you can a pre-owned car or SUV with more features and upgrades within your budget than you could at the same price for a new vehicle.

Dodging Depreciation

Moreover, even though Lexus vehicles retain a higher residual value from their initial cost, they do lose some value in the first year. For other brands, new models will lose almost 30% of their original value in the first year alone.

Buying a used Lexus in Austin lets you benefit from both luxury and value that will stand the test of time much better. For instance, the 2015 Lexus is reported to retain 42.2% of its value when it becomes five years old. This means it would only lose 7% of its value in the first year, which is considerably lower than the 30% average for most other cars on the market.

The reason why Lexus models retain a higher residual value than other vehicles is that, as a brand, Lexus designs its cars with high-quality engineering and has an impressive reputation for safety and longevity.

Lower Annual Registration Fees

In many states, the annual registration fee you pay is based on the car’s model year and value. By purchasing a vehicle that’s at least three years old, you can save as much as one thousand dollars in annual registration fees.

As a bonus, the tax you pay when you purchase a vehicle is similarly based on the cost of the vehicle. A lower-cost used Lexus in Austin means you will pay less in taxes than had you bought it new.

Best Place To Find An Austin Used Lexus

To sum it up, buying a used Lexus makes a sensible decision. You can get all the classy goodness of owning a Lexus in a way that fits your budget. Plus, paying less in taxes and registration fees means that you can save even more in the long term.

So, if you’re considering buying a used Lexus in Austin and want to be sure you get the best deal, Covert Buick GMC is your go-to used car dealer. With our convenient online tools, you can value your trade and browse our “>used Lexus inventory to find the best deal for you. If you have any questions or would like to discuss trading in your car, contact us anytime and let our award-winning customer service speak for itself.