The best BMW used car deals exist in Columbia, SC when taking a look at the entire state. It doesn’t matter where you live in South Carolina, Columbia is the place to be if you are looking for a used BMW. If you haven’t taken a close look at the used car market in the area, then you might be wondering what makes Columbia such a better place to buy these types of used luxury cars. There are two driving forces behind this.
Why Do the Best Used BMW Car Deals Exist in Columbia, SC?
Columbia has undergone a few changes which has created a unique environment for the luxury used car market. The first major factor is the influx of retirees. Over the past 5 years, Columbia has been consistently ranked as one of the best places to retire in the United States. People who make a major location change when they retire also tend to be the people who can afford luxury cars. This means that used BMW’s are being brought into the Columbia area much faster than they are being sold. This dramatically decreases their value on the secondary market.
The other important factor is the size and economic landscape of Columbia. In terms of size, the metropolitan statistical area contains nearly 775,000 people spanning 6 different counties. Even more impressive is that Columbia features more than 70 foreign affiliated companies and 14 Fortune 500 companies in the immediate area. All combined, Columbia features the highest GDP of any metropolitan statistical area in the state. This means that in terms of production, Columbia is where the money is at.
Along with total production, they also are the headquarters of a lot of huge companies like Colonial Supplemental Insurance, AgFirst Farm Credit Bank, RiteDose, and Nelson Mullins. This has led to Columbia consistently being ranked in Forbes as one of the best places for businesses and careers. So what does this have to do with buying a cheap used BMW?
When you combine these factors there is a secondary car market that is over-saturated with luxury cars, particularly BMW’s. Moreover, with so many high-paying jobs and retirees purchasing new BMW’s instead of used BMW’s, there are a lot less buyers on the secondary market in South Carolina. In short, there is a huge supply with a much smaller demand. This means that in order to sell these BMW’s the price is lowered significantly. In many cases, in order to ensure a sale, they are placed in auto auctions. Just like other types of used cars, auto auctions are consistently proving to provide the best BMW used car deals that exist in Columbia, SC.