Yes, investing in a preowned luxury car can be profitable if you buy the car from a trusted dealer. You can even get a technician to inspect the car before making the purchase.

Unfortunately there's no single place to find the best deal on a used car. To find the best car for the best price, you'll have to shop around and do some research. Dealerships, auctions, and the internet are all popular places to find good used cars. If you have a specific car in mind, compare models from each location. Be sure to test drive both

Two- and three-year-old used vehicles are often the best values. Not only is the price lower than a comparable new car's, but continuing ownership expenses such as collision insurance and taxes are lower, and a two- or three-year-old used vehicle has already taken its biggest depreciation hit.