Apr 17, 2020

The Advantages and Disadvantages of Buying a Luxury Car

Owning a luxury car can be a sign of success. Whether you dream of owning a sports car or a luxury SUV, a luxury car brand is a sign of quality. As well as the status symbol, you’re getting a car with a lot of high-end features, a high-speed engine, and impressive aesthetics. But should you buy one? 

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Advantage: Performance
Upscale vehicles like those from Audi, Jaguar, or Mercedes, are very popular. These cars are not only designed to be beautiful inside and out, and they also tend to outperform lower-end vehicles. 

Even used models will usually have more features than a new car from a lower-end manufacturer. 

You can also expect luxury features that improve performance, like Jaguar Adblue

Disadvantage: Price
A luxury car is always going to be pricey, and this cost can be hard to cough up. Unless you have a lot of disposable income and are able to cover the price tag of a luxury car upfront, you will have to change your budget to be able to save up for your dream car.

The price tag of these cars is justified by the design, power, and features. 

Despite the price, most luxury cars will hold their value well, which is a bonus if you want to resell. To make sure yours will do this, make sure you do plenty of research before deciding to what to buy. 

Advantage: Buy Used 
If you want a luxury car, but don’t want the large price of buying new, you can find a good deal by buying a used car. 

By doing this, you can get all the bonuses and high-powered performance of a new luxury vehicle, and the status symbol of the brand, but without the upfront cost. 

A used car can have higher maintenance costs than a new car, but you will save plenty on the cost of the car itself. 

Disadvantage: Selling Is Hard
Luxury cars don’t drop in value at the same rate as a lower-end vehicle, but all cars will depreciate over time. 

No matter how many perks your car has, the newest model will always be worth more. There are plenty of car dealerships who will take on your used car for resale, but by selling this way, you might be hit by a  harshly knocked down prices of resale.

To get a fair price, make sure you know what the fair value of your car should be, with the mileage and the condition of the engine taken into account. 

Advantage: Safety
When you’re in the market for a new car, you need it to do the simple things before you worry about luxury. What is the performance like, and is the car safe? 

Luxury cars are designed with upscale features in mind, but they are also made with safety as a priority too. Upscale cars are usually equipped with lots of safety features, like reliable ABS, a full set of airbags, and good traction control to keep you safe as your drive. 

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