Also keep in mind that it is common for luxury cars to be higher maintenance than non-luxury cars. Repairs, parts, labor, and regular maintenance, such as oil changes, will generally be more expensive Be sure to budget for higher ongoing costs, as well as increased purchase price. Expensive cars will most likely not be worth it if you are trying to save for other financial goals. Buying a cheap but reliable car lowers your upfront expenses so you can save and invest your debt savings.
Due to years of wear and tear, used cars require more maintenance than new cars. If you decide to buy a used luxury vehicle instead of an average new car, it will obviously come with a higher mileage. As a result, you should plan for increased maintenance costs so that it continues to function properly. Before making the final purchase decision, make sure that the luxury features you are looking for are worth the inevitable maintenance costs that come with buying a used vehicle.
Since new luxury cars generally have higher prices, the amount lost to depreciation can be substantial. When choosing your new vehicle, it's wise to remember that luxury cars tend to have heavier frames and larger, more powerful engines. Another reason a lease is a smart decision is that when your lease ends and the car has depreciated, you can turn in your lease and get a shiny new car. And my experience is that anyone who buys a new luxury car (on loan) before owning a house, savings, etc.
Certified pre-owned luxury cars may cost a little more than non-certified models, but the difference in price usually ensures that you buy a late-model vehicle that has passed detailed inspections and includes an extended warranty from the certifying manufacturer or dealer. Luxury cars enjoy a premium because of all the amenities and advantages they offer, performance capabilities, driver-assistance technologies and the work involved in building them. So your comment can be validated, or it means absolutely nothing, since replacing that engine would cost much less than buying another (probably new) car of the same model, or even more prudent than simply buying a used car period in that price range (whether dealership or private). I don't spend money on cable or going out to eat or a lot of other things that people my age spend on, but my wife and I drive late-model German luxury cars.
Of course, there are people who can afford to pay for such luxurious or expensive cars and like to drive them. For car enthusiasts like me, driving is much more than just getting from point A to B, so I decided to rent a smooth, quiet, comfortable and fast sports sedan instead of buying a typical slow, loud and boring FWD car. If you buy a luxury car such as a BMW or Mercedes-Benz, repair parts cost more than domestic manufacturers. More attention to detail is paid with luxury cars than regular sedans, so they often have a higher starting MSRP.
Buying a used luxury car gives you the opportunity to drive a quality vehicle without the rapid decline in value that comes with new models. The proof lies in his inane and incessant insistence that he validate his decision by responding to those who (in his mind) insult luxury car drivers. While first-class components used in luxury cars tend to outlast mass-produced parts used in economy models, the cost of repair or replacement is often significantly higher when they eventually break down. .
