How much does it really cost to own a used luxury car in Malappuram?

Have you ever dreamed of leisurely driving through the streets of Malappuram in an elegant, luxury car?

Do you feel this dream is attainable for you? You might have encountered several media broadcasts about 'Luxury used car sales in Malappuram'. Understandably, you might be hesitating to go for a luxury car, imagining the costly affair, which is not. Pre-owned vehicles for sale in Malappuram are readily available at a reasonable price.

This article explains the cost of owning a luxury car in Malappuram. Let's understand how you can convert your dreams into reality with the information provided in this blog.

1. Initial Purchase Price

Several factors, such as the brand, model, year, and condition, determine the initial purchase price of a car. You can visit a premium used car shop in Malappuram to get an idea of the car's price.

Alternatively, you can explore online marketplaces to understand the price range of used luxury cars in Malappuram.

You can request quotations for your favourite luxury car offline or online once you decide on your favourite luxury car.

The initial purchase price of used luxury cars in Malappuram ranges from Rs. 38 lakhs to Rs. 75 lakhs.

2. Financing

Financing your used luxury car through financial institutions is the best option. It prevents you from investing your saved funds, which can be used later for emergencies.

Luxury used car dealers in Malappuram have tie-ups with various financial institutions, that include banking and non-banking companies.

When you opt for financing through financial institutions, add the interest rate over the years to the car price. You can, however, choose to repay the car loan as early as possible to save on this extra cost. However, the financial institution may charge a foreclosure fee of 4% to 5%.

3. Insurance

Insurance is mandatory for all vehicles. Though an additional cost, it deters you from spending on huge expenses whenever you need to repair your car for all kinds of damages. You can opt for comprehensive or third-party insurance. However, it depends on the frequency of your driving activity and the area where you drive.

If you feel the probability of damage is higher, go for comprehensive insurance; otherwise, third-party insurance suffices to meet legal compliance and third-party damage.

Insurance is a nominal cost you pay initially to prevent massive financial losses in the future.

4. Maintenance and Repairs

Maintaining any vehicle, regardless of luxury or non-luxury, involves cost. But what if you get premium spares, accessories, and services for the amount you spend? It's worth it, right?

Firstly, research a car that needs low maintenance. Leading used luxury car dealers in Malappuram can help you find one.

Nowadays, car service centres offer yearly plans to provide maintenance and servicing for cars at a discounted rate. You can avail of this offer and keep this expense from going overboard.

If you don't park your car under a roof, consider buying a car cover to keep it covered and protect it from harsh weather and dust. Learn basic maintenance tasks such as checking oil and coolant levels and tyre pressure. These small checks can cut down on your expenses on a large scale.

5. Fuel and Running Costs

Research a car that gives you good mileage compared to others. Use lead-free fuel to keep your car's engine clean and running efficiently.

Quality fuel helps you drive more, while a clean engine saves you on maintenance costs over the years. Plus, it enhances the engine's life, which you can encash while reselling your luxury car.

6. Depreciation

Luxury cars depreciate slower than regular cars. Why? Here are the reasons:

  1. Most luxury cars are manufactured in limited quantities, making them more exclusive.
  2. The car manufacturing company used premium materials and superior craftsmanship to assemble a luxury car. This durability helps them slow down the depreciation rate.
  3. A few luxury cars may become classics and may take place at any antique valuer's garage, preserving their value over the years.

7. Taxes and Registration Fees

Malappuram offers reasonable local taxes and registration fees that help you save more while purchasing a used luxury car.

8. Resale Value

A well-maintained used luxury car can fetch a good resale value. It only takes a little to maintain a luxury car and keep it conditioned throughout the years. Here are a few tips.

  1. Follow regular maintenance as scheduled in the car's service manual.
  2. Maintain a detailed service history for your car. It will help you boost the resale value of your vehicle.
  3. Clean the interior and exterior of your car regularly. It helps to increase the life of your vehicle.
  4. Avoid modifying your car, as it can negate the resale value and may void the warranty.
  5. Drive smoothly and avoid sudden breaks and uneven acceleration to prevent wear and tear on the car's components.
  6. Applying wax or sealant helps protect the paint from UV rays and scratches. It saves a lot of money in the long run.
  7. Park in a shaded place whenever possible.
  8. Check tyre pressure and alignment regularly. It helps to improve the mileage. Rotate the tyres regularly (swapping the front tyres to the back and vice versa) to enhance the tyre's longevity.
  9. Address any issues, though minor, immediately. Ignoring them may lead to higher expenses later.

9. Additional Costs

Malappuram offers low-cost parking and toll rates, a boon for car owners. In addition, you get car accessories and upgrades at an affordable cost in Malappuram.

Conclusion

Owning a used luxury car doesn't mean breaking the bank. With the appropriate choices, owning a luxury car can be surprisingly affordable.

Combining luxury and affordability is possible with cost-effective insurance rates and maintenance charges. In addition, with a little 'DIY', you can control the maintenance costs.

A used luxury car makes a statement about your taste and success. It provides those intangible values that a regular car cannot. It outweighs regular vehicles in terms of depreciation, quality, durability, advanced safety features, comfort, and overall prestige. Regularly maintaining your used luxury car ensures longevity, and the overall unique experience justifies the investment.

XDrive Cars, a top luxury car dealer in Malappuram, can help you find the best-used luxury car with low maintenance at a reasonable price. Not only in Malappuram, XDrive also provides services in Trivandrum, Kollam, ⁠Attingal, ⁠Kottarakkara, ⁠Pathanamthitta, ⁠Punalur, Anchal, ⁠Kottayam, Thiruvalla, and Kochi.

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Used Cars in Trivandrum, Kerala

Used car showroom in Trivandrum, Kerala If you're in the market for a used car, you'll want to check out Xdrive pre-owned cars LLP in Kerala. Xdrive has a great selection of used cars for sale, and we are always getting new inventory in, so you're sure to find the perfect car for your needs. Plus, our prices are very competitive, so you can get a great deal on a quality used car.

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NH Bypass Road
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Kazhakkoottam
Thiruvananthapuram, Kerala- 695583.

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