Why Are Used Luxgen Cars So Cheap?
2 Answers
Because Luxgen has an extremely low resale value. Below are relevant introductions about used cars: 1. Introduction to used car residual value rate: When buying or selling used cars, it's essential to understand a crucial metric - the residual value rate of used cars. Commonly referred to as vehicle depreciation rate, it indicates how well a car retains its value. After several years of use, how much a car is worth in the market depends on its residual value rate; the higher the rate, the more valuable the used car. To understand a car's residual value rate, several factors must be considered: whether the car has sufficient market presence, if its color is mainstream, the brand of the vehicle, and the convenience of post-purchase maintenance, among others. 2. Precautions when selling a used car: It's crucial to sell the vehicle before its insurance expires; otherwise, an additional insurance cost will be incurred during the transaction. Additionally, pay attention to the replacement cycle of spare parts.
I've driven a used Luxgen for several years. It's indeed cheap, but has plenty of issues. The fuel consumption is extremely high - it burns a lot of gas just driving one kilometer in the city, and even more with the heater on in winter. You'll literally burn money on the road. The electronic systems often act up, like the navigation freezing or dashboard lights flashing randomly. Each repair costs money for labor, and parts are hard to find. The ride is bumpy with poor shock absorption - hitting a pothole can shake your whole body painfully. The brand has bad reputation - new cars are overpriced while used ones depreciate drastically with little market demand, forcing you to sell at rock-bottom prices. I suggest thoroughly checking the vehicle condition before buying, or setting aside a repair budget. Otherwise, you'll lose big.