It's getting easier to buy a used luxury car. Higher gasoline prices and interest rates, incentives on new luxury models and a weak stock market are all softening demand and driving down prices for many used high-end models.
It's not difficult to locate a relatively new used luxury car with low mileage. Many new luxury cars are leased rather than purchased, meaning they come back on sale after two or three years, when their drivers are ready for the next hot model. In recent years, the overall lease length has also been dropping while the percentage of vehicles leased has been on the rise, meaning more used luxury cars are entering the market faster.
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