AutoOccasiounsFestival, prices on used vehicles

Discover the AutoOccasiounsFestival

If you are looking for a used car in Luxembourg, the AutoOccasiounsFestival is an event not to be missed. Scheduled for the second half of May, this annual festival brings together dealers and garages offering 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, six months after the Autofestival organized by the Federation of Automobile and Mobility Distributors (FEDAMO). It coincides with the time when dealers have a renewed stock of used vehicles following the delivery of new vehicles. Given that Luxembourg residents spend a significant portion of their budget on their cars, these used vehicles are often recent and well maintained. Buyers therefore benefit from a diverse selection of high-quality used cars.

The advantages of buying during the AutoOccasiounsFestival

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

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

• Warranty and reliability: unlike purchases between individuals, the vehicles sold at the festival are checked, certified, and come with a warranty, ensuring peace of mind for buyers.

• After-sales service: professionals offer comprehensive after-sales service, which is essential for expatriates who may not be familiar with local services.

These are all advantages that reassure new buyers, compared to purchasing from a private individual.

Points to consider for used electric vehicles

There are specific considerations when buying a used electric vehicle. It is particularly important 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 of replacing the battery. It is recommended that you check the government assistance programs in effect at the time of purchase.

Tax benefits on vehicles in Luxembourg

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

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 less than 50,000 registrations for new vehicles.

This trend can be explained by several factors:

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

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

• Company car fleets: benefits in kind, particularly company cars, are very common in Luxembourg.

• Confidence in the market: The reputation of local dealers and the quality of the services they offer reinforce the confidence of buyers, whether they are residents or expatriates.

Tips for newcomers buying a vehicle

For newcomers to Luxembourg who wish 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.

• Test drive: Take a test drive to assess comfort and handling and detect any mechanical problems.

• Find out about the administrative formalities: find out about the necessary steps for registration, insurance, and any taxes related to the purchase of a used vehicle. Normally, everything will be taken care of by the car dealer, which is not the case if you buy a used vehicle from a private individual.

If you are a classic car enthusiast, the Oldtimermaart is an event not to be missed. Organized by the Automobile Club of Luxembourg, an expert in mobility in Luxembourg, it offers a unique opportunity to buy or sell vintage vehicles. You can also meet other enthusiasts, exchange advice, and discover rare models. Whether you are a collector or simply curious, the Oldtimermaart is the place to be for lovers of vintage cars.

Buy a used vehicle at the AutoOccasiounsFestival

The AutoOccasiounsFestival is an exceptional opportunity to purchase a quality used vehicle in Luxembourg. With attractive offers, tax advantages, and a dynamic market, this event meets the needs of newcomers and expatriates looking for mobility. Remember to choose the right insurance for your car: find all our advice here.