Expensive cars are in demand. As a matter of fact, luxury cars account for 18% of all car sales revenue, worth $100 billion, according to Edmunds data reported in Fortune.com. There are cars that can cost hundreds of thousands of dollars and even over a million. Are these cars all about show or are they actually better than the average car? It depends on the buyer, but you have to think about cost of maintenance, cost of car parts when breakdown happens, tax collected on luxury vehicles and many other factors. Your average car will be exactly what you need to get around. Let us show you some of the pros and cons of having a luxury vehicle and how your average car measures up.
When it comes to choosing a car, your guiding principle should be what do you need. The luxury car market does not make its money based on what you need, but what you want to feel. “It’s about emotional connections that people can make with a brand and how it makes you feel,” Wes Brown, a principal consultant at Los Angeles-based consumer-research firm Iceology told Forbes Magazine.
Status can have a strong pull for some. Luxury cars carry the association of upscale brands, high-end features and various extras, but when it comes to choosing what you can afford, or should afford, there are some things to consider.
Popular models are often popular because of the branding; the name. Is it important to you to own a car from high-end brands like Acura, Lexus, BMW, Land Rover, Mercedes-Benz or Jaguar? Depending on your profession, it may be. Some professionals that interact with certain income levels of society find that they have to maintain a certain level of status to legitimize their credentials. But, expensive cars are just that, expensive so make sure you have done your homework before signing the dotted line.
But, for most shoppers, it’s hard to recommend a luxury car when you are talking about dollar sense. Some expensive cars are even available at lower prices if shoppers are willing to consider a mainstream brand. An example is the Cadillac Escalade, which shares many mechanical similarities with the Chevrolet Tahoe. Different names, but essentially the same car.
We have often heard, it is what’s inside that counts. When it comes to cars the quality of the inside is key, but you also need materials on the outside that will last and protect. Many shoppers equate expensive cars with quality materials. While it is true that luxury cars invest in quality, don’t assume that mainstream cars can’t give you what you need for less money.
While it is true that most luxury cars owners upgraded surfaces–high-end leather upholstery and soft-touch plastics, and some better construction, as a buyer, you have to determine if those upgrades are worth the upgraded cost.
One inconvenient truth for the budget car shopper is that luxury cars do have a different kind of handling than mainstream cars. Luxury cars feel smoother to drive and are able to take turns and twists in more comfortable and precise ways. “For enthusiasts, there’s yet another reason to choose luxury vehicles: drivability. Many drivers find that luxury models offer improved ride and handling in comparison to mainstream cars — especially when you consider sport-themed brands such as BMW, Audi and Porsche,” writes AutoTrader.
How a car handles isn’t just a perk for certain car buyers, but a real necessity. For drivers that have health issues involving the back or neck, a smoother ride may mean the difference between being able to drive or not being able to drive, at all. Not all luxury models will provide you with the ride you need for a health concern so always test out your prospective car, regardless of the name or status of the brand.
Before you sink your money into an expensive car, chat with one of our experts at Scott’s to learn if purchasing a luxury car is worth it for you. Scott’s Fort Collins Auto is the perfect place to consult so you can have experienced help on which car is a good investment. We know cars. Part of car purchasing also involves maintenance and repair costs and durability. Find out from us which cars seem to last longer and are better made so you can save money over the long-haul. Contact Scott’s today at 970-682-4202 so you can have the peace of mind you need before investing in a new car purchase.