AutoOccasiounsFestival, prices on used vehicles

Discover the AutoOccasiounsFestival

If you’re looking for a used car in Luxembourg, the AutoOccasiounsFestival is the event you won’t want to miss.

Every June, this used car festival brings together car dealerships and auto repair shops and offers attractive discounts on a wide range of used vehicles. It’s the perfect opportunity for newcomers to Luxembourg and expats looking to purchase a reliable vehicle at a competitive price.

Why is the AutoOccasiounsFestival unique?

The AutoOccasiounsFestival stands out for its strategic timing, taking place six months after the Autofestival organized by the Federation of Automotive and Mobility Distributors (FEDAMO). In fact, it coincides with the time when dealerships have a refreshed inventory of used cars following the delivery of new vehicles.

Given that Luxembourg residents devote a significant portion of their budget to their cars, these used vehicles are often recent models and well-maintained. Buyers thus benefit from a diverse selection of high-quality used cars.

The Benefits of Buying During the AutoOccasiounsFestival

When you buy a vehicle during the AutoOccasiounsFestival, you enjoy several benefits:

• Competitive prices: During this used car festival, dealerships offer significant discounts, making the purchase of a used car more affordable.

• Warranty and reliability: Unlike purchases between private individuals, vehicles sold during the festival are inspected, certified, and come with a warranty, ensuring peace of mind for buyers.

• After-sales service: Dealers provide comprehensive after-sales service, which is essential for expats who may not be familiar with local services.

All these benefits provide reassurance to any new buyer, compared to purchasing from a private seller.

Things to Watch Out for with Used Electric Vehicles

Buying a used electric vehicle comes with its own specific considerations. In particular, it’s crucial to check the condition of the battery, as its range may decrease over time.

However, subsidies are available for the purchase of used electric vehicles, which can offset the potential costs associated with battery replacement. It is recommended to check the government incentive programs in effect at the time of purchase.

Tax Benefits for Vehicles in Luxembourg

In addition, for non-residents, purchasing a vehicle that is more than 6 months old and has traveled more than 6,000 kilometers allows them to avoid paying VAT in their country of origin, under certain conditions. It is advisable to check with the tax authorities to learn the specific requirements.

Luxembourg offers a favorable tax environment for vehicle purchases. With a VAT rate of 17%—lower than that of neighboring countries such as Germany (19%), France (20%), and Belgium (21%)—buyers benefit from more attractive prices on new vehicles.

The Used Car Market in Luxembourg

The Luxembourg used-car market is growing steadily. In 2021, nearly 66,000 used cars were registered, compared to fewer than 50,000 registrations for new vehicles.

This trend can be attributed to several factors:

• Frequent vehicle replacement: Luxembourg residents regularly change cars, supplying the market with recent, well-maintained models. They also often own multiple vehicles per household, especially when they live outside the city of Luxembourg.

• Attractiveness to cross-border workers: differences in VAT rates and competitive prices attract many buyers from neighboring countries.

• Corporate fleets: Benefits in kind, particularly the provision of a company car, are very common in Luxembourg.

• Confidence in the Market: The reputation of local dealerships and the quality of services offered bolster buyer confidence, whether they are residents or expatriates.

Tips for Newcomers on Buying a Vehicle

For newcomers to Luxembourg looking to purchase a vehicle in Luxembourg, here are a few recommendations:

• Compare offers: Take advantage of the AutoOccasiounsFestival to compare different offers and find the vehicle that best suits your needs and budget.

• Check the vehicle’s history: Request a detailed report including maintenance history, any accidents, and previous owners.

• Takea test drive: Take the car for a test drive to assess its comfort and handling and to detect any potential mechanical issues.

• Find out about administrative formalities: learn about the steps required for registration, insurance, and any taxes associated with buying a used car. Normally, the car dealer will handle everything, but this isn’t the case if you’re buying a used car from a private seller.

If you’re a classic car enthusiast, the Oldtimermaart is an event you won’t want to miss. Organized by the Automobile Club of Luxembourg, it offers a unique opportunity to buy or sell classic cars. You’ll also be able to meet fellow enthusiasts, exchange tips, and discover rare models. Whether you’re a collector or simply curious, the Oldtimermaart is the go-to event for vintage car lovers.

Buying a Used Car at the AutoOccasiounsFestival

The AutoOccasiounsFestival is an exceptional opportunity to purchase a high-quality used car in Luxembourg. With attractive offers, tax benefits, and a dynamic market, this event meets the needs of newcomers and expats looking for transportation.

Be sure to choose the right car insurance: find all our tips here.