People have been excited about cars as early as the 1900s when Henry Ford started making automobiles for the masses. Luxury brands emerged as a result of the increased popularity in assembly lines and automation. Car enthusiasts will admit that even basic luxury vehicles have a certain irresistible appeal! Maybe it’s the sleek curves, the roar of a powerful engine or the rich smell of leather that leaves you feeling like Bill Gates’ boss. They’ll very comfortable and exotic. They’re also make you feel like you’re in a Mexican soap opera because they are very romantic. My first ride in a luxury car made me wanna “put a ring on it” just like Beyonce. Some of the luxury brands include Mercedes Benz, VW, Audi, and BMW. These vehicles have many advantages, but they also have an ugly side that you should consider before making a purchase.
What do we think about the performance of luxury vehicles?
Most luxury cars come with a high-performance V6 engine at the very least. They can even offer a larger engine or a higher-end V8. They boast of being different from other automakers because of their razor-sharp European engineering. A few luxury cars have the smaller 4-cylinder engines, but they come with high-octane, turbocharged versions to deliver the extra punch. Auto authorities and car buffs have always sung praises about the spectacular performance of luxury cars. For instance, you get around 400 to 50 HP for BMW’s M line.
How good is the technology?
You’ll be forgiven for thinking you’re in a real-life science fiction movie when you experience the cabin of a badass luxury car. Technology remains one of the best things offered by luxury cars. Technology is forever evolving, but luxury brands have a reputation for always being on top of their game.
What about the safety features?
Many luxury cars are known for their impeccable safety features that complement their European styling and engineering. They offer enhanced technology. 71% of luxury cars are offered with traction control, side-front airbags and ABS, this is according to Forbes. It is no surprise that the NHTSA and the Insurance Institute for Highway Safety rank the safety of most luxury cars very highly.
How much will I spend on fuel?
The high price of fueling your car is one of the disadvantages of owning a luxury car. Most of these cars aren’t exactly fuel guzzlers, but they generally use premium gas instead of the ordinary unleaded. This will cost you more, but it shouldn’t be a problem if your money is taller than Shaquille O'Neal. I mean, if you can buy a luxury car then you definitely have the “chums” required to fuel it.
How much do they depreciate?
Depreciation is normal for all cars. When compared to more budget-friendly automobiles, luxury cars will experience less depreciation. However, they lose a lot in their value because you’re shelling out more. For example, if a vehicle depreciates by 50% and you bought it for $80,000, then you’ve lost $40,000. On the other hand, if another one depreciates by 75% after you bought it for $20,000, then you’re only losing $15,000. In this case, it would be more beneficial to buy a used luxury car.
What about the repairs?
Regular maintenance is good for your car. You should have no problem with small issues like oil changes. However, if a dealership isn't doing it, then you might need to use your own filter. Repairing a luxury car can be scarier than Jeepers Creepers because it is hard to find a shop that matches with the needs of your car and it can also cost a lot to buy repairs. An independent shop is likely to be cheaper than a luxury dealer.