The salesperson at the auto showroom is always eager to close the deal, they won’t let you in on the real cost of upkeep with the luxurious rides you want to purchase. Owning a luxury car is a dream come true for many of us, but we also must be aware of what it takes to keep it once we ride off from the showroom.
In this article, we are going to look at the differences between maintaining a regular car vs a luxury car, what it takes to maintain one, how much it cost, and a few tips that you will find helpful after you purchase your dream vehicle.
A major difference between your run-off-the-mill sedans or micro-SUVs and a luxury car is the availability of both the car itself and its parts. One of the reasons why luxury cars are luxurious is their limited availability. Similarly, you can’t roll into a small garage/mechanic and expect them to fix the transmission of your Lexus or AMG. It takes expert hands to craft and cradle your sweet ride that attracts respect and admiration. Besides, you also want to ensure that only genuine parts and quality products are used in it because substandard products or quality can seriously damage the car. So, it takes a major toll as compared to regular cars while servicing and fixing. That takes us to the next one on the list, which is servicing.
Since luxury cars have their own distinct technology and structure, not all mechanical shops can properly service that vehicle. There is also the added question of warranty and brand value, which practically ties you to using only the company-certified service provider or mechanic to work on it. This also increases the cost of upkeep since the parts they use are genuine and takes money and time to come from the supplier. Their service itself is also highly specialized and can cost significantly more than your everyday mechanic who runs the shop at the end of the street.
Fuel and insurance costs
We all know it; you are not buying a Lamborghini for its mileage. So, it’s a given that along with the class, speed, comfort, and status, also come with fuel costs that surpass the upper limit of any regular cars by a certain amount. You also must consider the cost of employing a driver if that’s the case, which adds to this. Since luxurious cars attract more tax and cost more, the insurance also stays a cut above the usual amount you might be used to in the regular car segment.
You can easily park a Honda civic on the side of the road and wander about to do your business. Now think of a BMW convertible. It’s a no-go, right? So luxurious cars also come with the added cost of a garage or a spot in the parking lot that you must maintain, sometimes by paying a subscription. This adds to the cost of upkeep. You also don’t want your brand-new luxurious ride to look all dusty and covered in dirt. So even if it’s something negligible for the regular cars, you will need to take care of it with a ride to the car wash or pay someone to come and clean your car every one or two days a week. This also makes it costlier to manage a luxury car.
Now, this is something you don’t want to take lightly. Since luxury cars are novelty items, there is also a chance for them to be the target of unwanted attention and burglars trying to break in to make a quick buck. However, we do have a simple, yet effective solution for this. You can use a vehicle Tracker in your car which alerts you as soon as your car is turned on or if it crosses a boundary (Geo-Fence) that you can define yourself. This will help you always monitor the car and retrieve it quickly if things took a turn for the worst.
These might sound off-putting by these are combined costs which you should be able to handle if you are considering buying a luxury car. However, these costs do not even come close to the feeling of pride and satisfaction when you hop into the driver’s seat of your brand-new luxury car and take it for a spin. It’s that feeling that makes it all worth it. Not to mention the amazing amenities and comfort that you cannot have in the regular segment. So, if you are weighing options, choose wisely, and make an informed choice as to which one to buy. We also have many other articles that can help you choose the ride of your dreams, so check them out too.