Buying a Luxury Car
For some, luxury cars are more than just a mode of transportation. They are a status symbol that makes owners feel rich, pampered and prestigious. To be considered a luxury car, there are certain standards that must be met. These include a sumptuous interior, high-end technology and comfort for the rear passengers. The way they drive is also important, with a quiet and isolating ride and advanced safety features. Many of these vehicles use large-capacity engines like V8s and diesels and even some all-electric powertrains.
There is no set price for a vehicle to be classified as a luxury car, but most vehicles from luxury brands start at more than $35,000. Once options are tacked on, it won’t take long for the average luxury car to exceed $100,000.
With such a wide range of options, finding the best luxury car may depend on personal tastes and priorities. Some drivers might want to consider a luxury SUV, while others might prefer a sportscar or sedan with all-wheel drive. A luxury car may offer a unique exterior style, a spacious interior and a variety of premium amenities, such as a built-in TV or surround sound stereo.
Some brands have a strong reputation for luxury, such as Mercedes, BMW and Porsche. Others have a more niche appeal, such as Alfa Romeo’s stylish Giulia sedan or Ferrari’s sleek design. Then there is Rolls-Royce, which offers a level of luxury that is hard to match. And for the super-rich, there is Bugatti’s storied and exotic vehicles that can reach $2 million or more.
Despite having a high price tag, luxury cars should still be reliable and easy to maintain. Buyers should always look at a manufacturer’s reliability ratings as well as third-party reviews to help make the most informed decision.
When shopping for a luxury car, buyers should also compare the number of standard features to what is available as an option package. Some of these packages could raise a car into the luxury category, such as a panoramic sunroof or heated seats.
Luxury cars are often based on the latest technology, which can make them more attractive to buyers. But the latest models can also be more expensive to repair and service. As a result, some drivers choose to buy older luxury cars with fewer modern technologies. They can save on the initial purchase and still get the performance they expect from a luxury car.
Buying used is another great option when it comes to a luxury car. This is because newer luxury cars haven’t had the opportunity to undergo real-world testing. It’s also possible to find a better deal on a pre-owned luxury vehicle that has been well maintained and cared for by previous owners.
To decide if a used luxury car is right for you, start by researching the manufacturer’s website and dealerships for information about the model and features you want to test drive. Then head over to Edmunds’ Vehicle History Report for more details about that specific car’s past ownership and maintenance records. You can also check out our Values Report to see how much similar luxury cars have sold for recently.