Take for an instance a 7 series BMW or an S class Mercedes-Benz, perhaps a Jaquar XF or Porsche Panamera with 90K miles and 7 years old.
Who is buying them? $100K+ when new and now only about the same price of a Honda Civic.
They look great and have oodles of charm and the latest and greatest technology of 7 years ago. But, they are plagued with myriad of electronic gremlins, enormous repair bills, expensive maintenance schedule and could easily be beaten by a modern Hyundai. They're not collector vehicles, they will not go up in value and will end up being crushed at a junk yard.
But here they are sitting in used car lots waiting to lure unsuspecting customers with easy financing terms and dreams of luxury car ownership.
Surely they don't make good first car for Jr. for going back and forth to school. They're not reliable enough for grandma going to church on Sundays.
A wealthy person already has one in his 6 car garage. But he's now bragging about his new Tesla of how fast and efficient it is to his friends.
Who is buying them? Where do old luxury sedans go?
Who is buying them? $100K+ when new and now only about the same price of a Honda Civic.
They look great and have oodles of charm and the latest and greatest technology of 7 years ago. But, they are plagued with myriad of electronic gremlins, enormous repair bills, expensive maintenance schedule and could easily be beaten by a modern Hyundai. They're not collector vehicles, they will not go up in value and will end up being crushed at a junk yard.
But here they are sitting in used car lots waiting to lure unsuspecting customers with easy financing terms and dreams of luxury car ownership.
Surely they don't make good first car for Jr. for going back and forth to school. They're not reliable enough for grandma going to church on Sundays.
A wealthy person already has one in his 6 car garage. But he's now bragging about his new Tesla of how fast and efficient it is to his friends.
Who is buying them? Where do old luxury sedans go?
