Luxury vehicles are something else. They’re powerful, they’re beautiful, and they’re also the only type of vehicle that has a chance of ever earning you money back instead of just depreciating in value. Don’t get too excited about keeping your luxury vehicle as an accumulating asset, however. Most of the models that cost big bucks second-hand are important to history. Yes, keeping it in good condition can result in its value increasing, but you’ll already need to spend a pretty penny on the vehicle in question to begin with.

Though most luxury vehicles will depreciate the same as any other car, their sheer value means they’ll always be assets. This means you can get great sell prices, which in turn can help you pay less on your next luxury vehicle purchase.

To learn how to do just that, follow this guide.

Step One: Selling Your Luxury Vehicle

Selling your luxury vehicle is an essential step when it comes to making future purchases more accessible. For most, one luxury vehicle is the limit, which means when you want to make a new luxury purchase, the old one needs to go out the door. There are several ways that you can do this. If you know about a great cash-only deal for your dream car, for example, then you’ll want to sell your Ferrari F355 for cash, fast. This is how you can take advantage of sudden, amazing deals from private sellers. By going through a reputable company yourself, however, you can speed up your own sale and are guaranteed to get the money you’re due.

Step Two: Negotiating Your Next Purchase

Finding your next vehicle can actually take time and patience. The only exceptions are if you’re after the latest model new or want to have a custom vehicle made just for you. If you need to sell your older vehicle, however, chances are you’ll be shopping almost exclusively from the readily-available models or trying to find a treasure on the second-hand market. Regardless of whether you’re buying new or used, you have to negotiate.

Knowing when to negotiate is another hugely important aspect of the negotiation process. While new Ferraris sell like hotcakes, for example, second-hand dealers may have more trouble with them. If you can find a great model near the end of the day, the quarter, or the year, you immediately have more negotiating power. Use that power to help bring down the starting price or amp up the services and features that come bundled with your purchase.

Step Three: Maintaining Your Vehicle

To get the most out of each luxury vehicle purchase you make, you must keep your existing vehicle in top condition. This means regular cleaning and detailing. It means sending it in for repairs the second there’s an issue and getting it serviced on time. You’ll want to park it in your garage and practice defensive driving measures to help you spot and avoid dangers on the road. Paying more for secure parking at work or in the city is another easy way to decrease the risks.