Used Rolls Royce – How to Play the Used Market to Your Advantage
When it comes to buying a brand new prestige car the market is perilous and can be quite punishing to those not in the know about how to make the market work for you rather than against you. An example of this is amply displayed when you consider that a prestige car such as a Rolls Royce loses almost half its market value as soon as you drive it off the dealer’s forecourt for the first time. At this point it is a used car and therefore is of less resale value to both the dealers and any potential future buyers.
With this firmly in your mind, you can play this market value freefall to your own advantage. The Rolls Royce Phantom, when it is brand new, is worth somewhere in the region of $400,000 (about £250,000 GBP). With only the most cursory of research I have found a used Rolls Royce Phantom with less than 14,000 miles on the clock for about $250,000 (about £150,000 GBP). 14,000 miles is only about a year’s worth of mileage, so in terms of the cars lifespan it has barely been driven at all, yet it has almost halved in value.
A lot of people willing to part with these amounts of cash for a prestige car would probably demand a brand new version of the car, which is why the value of these cars drops so dramatically; they are difficult to sell on and therefore the dealers can’t maintain the value at a steady level otherwise these models would end up crowding their forecourts.
If you aren’t fussy about your prestige car having a previous owner, then you could get a car such as a Used Rolls Royce Phantom, with a phenomenal saving of around $150,000 off. I don’t care how rich you are, can anyone really afford to turn their nose up at that kind of saving?