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Drive Life : June 4th 2010
1HERSA1 F024 Morrisons Silver Lining. Extra cover at no extra cost. Let it rain. If you purchase a Mercedes-Benz from Morrisons before June 30 2010, you will automatically receive Morrisons Silver Lining*. Exclusive to Morrisons, Silver Lining provides an additional three yea r s or 60,000km of protection beyond the standard manufacturer's warranty. Designed to provide the same cover as your Mercedes-Benz new car waranty, Silver Lining maintains the safety, performance and value of your investment. With no excess, and at no additional expense, Mor risons Silver Lining is the cover you need for a rainy day. A Daimler Brand * Offer applies to new and demonstrator Mercedes-Benz vehicles ordered between 01/04/2010 and 30/06/2010. Only available at Morrisons. Not available in conjunction with any other offer. Offer excludes AMG, S-Class, SL-Class, CL-Class, CLS-Class and smart. Policy underwritten by Allianz. PDS available on enquiry or at www.mbmorrisons.com.au Offer ends June 30. Exclusive to Morrisons. 24 Drive Life June 4, 2010 drive.com.au USED PRESTIGE DAVID MORLEY Cut-price luxury Second-hand need not mean second-rate when you shop in the premium space. At your service . . . (clockwise from top left) Porsche Cayenne; BMW E46 M3 coupe; Audi A6. SPECIAL REPORT Why buy a used prestige car? Because they're tremendous value for money. They might cost six figures new but nothing in the car world depreciates faster than a luxury or prestige vehicle. It's all because of a supply-and- demand phenomenon known as the funnel effect. Simply put, while there are a certain number of captains of industry prepared to make the monthly lease repayment on an expensive car, there simply aren't as many private buyers willing to dig so deeply for the vehicle as a second- hand buy when it comes out of lease in three years or so. And you don't need to be a Wall Street trader to know that there's only one outcome at that point: prices tumble. The relative depreciation is great news for those of us who like our cars second-hand but there are other compelling reasons to buy a used luxury car. For a start, such vehicles are usually leased to a company, so there's no penny-pinching when it comes to servicing. And because you're buying an upper-echelon car, you can also expect market-leading levels of convenience and -- more importantly -- safety features. Remember, safety gear nearly always finds its way on to luxury cars first, with the rest of the world catching up years later. WATCHOUTFOR... Once you've decided to buy a second-hand luxo, the big thing you need to see is a stamped, up-to-date service record. Luxury cars tend to be complicated things and when they go wrong, they can cost plenty. So a service schedule that shows the car has been maintained correctly is a must-have. Don't buy a used prestige without it. Any car with factory warranty remaining (which will transfer to the new buyer; it's the law) will only be covered if the servicing is up to date. Some big luxury cars also find themselves being used as hotel and business limousines. And while that sounds glamorous, ''limousine'' in this sense simply means corporate taxi. Check that the kilometres are about right for the age of the car (about 20,000 kilometres a year is typical) and make sure the interior isn't scuffed and shabby-looking. THE TOP $50K PICKS 2003 Porsche Cayenne Early examples of the Porsche Cayenne just squeak in under the $50,000 mark and you'll need to search hard. But they are out there. For that, you'll get the non-turbo V8 engine and everything else the Cayenne is known for, including that all-important badge that equals big bragging rights. Look for a 2003 S model but good luck if you want a colour besides black or silver. 2001-02 BMW E46 M3 The last of the six-cylinder M3s is not only a fantastic performance car, it's also a polished luxury vehicle. Cars from 2001 and 2002 fall within our budget and the only thing tobewaryofisacarthathasseen the racetrack (although most of them have not). Give the clutchless manual a miss, though, it was awful. 2006-07 Audi A6 The A6 is the forgotten Audi, it seems. Not as full of character as the A4 nor as decadent as the A8, it's nevertheless a good car for a lot less money than Audi ever asked for it. Shop around for a three- or four- year-old A6 with either the petrol V6 or turbo-diesel. And if you don't mind a 2004 model, the Quattro version with the 4.2-litre V8 is a stunner.
May 28th 2010
June 11th 2010