There’s a lot of information readily available about how expensive it is to drive a luxury car. If you regard driving a high-end automobile as a “someday” goal, you’ll be pleased to know that your next car could be the luxury car of your dreams.
Once considered a special privilege for the wealthy elite, buying a luxury car is now a fiscally responsible choice that comes with a long list of enjoyable perks.
Luxury Companies Love Canadians
Early in the 1990’s the luxury vehicle market was less than 3% of Canadian auto sales. Now, one of every ten new automobiles purchased in Canada comes from a luxury car dealer.
Economists say that the interest in a luxury-goods filled life started for Canadians about 20 years ago. As consumer expectations continue to rise, luxury companies race to keep up.
Purchasing a luxury car currently means you get to take advantage of all the incentives that different luxury dealers offer their customers. Living in Canada provides an additional advantage; Canadians enjoy the lowest price on luxury brands anywhere in the world.
Insurance May Be Cheaper Than You Think
One of the things that concerns people who are considering a luxury car purchase for the first time is the cost to insure the vehicle. It’s a common misunderstanding, but the real differentiating factor in your car insurance rates is your driving habits and history, not the make and model of your car.
In many cases, a driver with an excellent record pays less to insure a new Lexus than a driver with a poor history pays to insure a ten-year-old Honda. If perceptions about car insurance are keeping you from driving a fine automobile, your insurance agent can give you advice about your individual rates. You will probably be pleasantly surprised by what you learn.
Comparing Features and Comparing Cost
There is also a great misunderstanding about how much it really costs to purchase a luxury brand as opposed to a mainstream vehicle.
For example, purchasing a 2017 Hyundai Santa Fe or 2017 Ford Edge with all of the bells and whistles costs almost as much as you’d pay to drive a Lexus RX 350 which comes fairly loaded in a standard model. The Lexus offers a higher degree of comfort and luxury with Leather, Sunroof, Blind Spot monitor, heated steering wheel, LED brake lights, as well as heated and ventilated driver and passenger seats, to name just a few.
The Advantages of Being a Luxury Car Customer
The driving experience reaches far past day-to-day transportation when you choose a luxury vehicle. With each service appointment, expect your vehicle is cleaned inside and out. Some dealers even provide complimentary rock chip touch-ups as needed.
Many luxury car dealerships offer on-site amenities that are out of the ordinary in the car business, such as complimentary breakfast and a some even offer luxury spa services.
Luxury Vehicles Hold Their Value
Maximizing the car’s worth at sale or trade-in by driving a brand with strong re-sale value is just one of the reasons people consider a luxury vehicle. Resale value matters when choosing a new vehicle, whether you decide to buy or lease.
Resale value factors heavily into lease prices, which means that driving a higher value car, may be a more economical choice than settling for a mainstream brand.
Lexus RX currently holds the Kelley Blue Book Best Resale Value Award.
The luxury crossover SUV segment was created by the Lexus RX and it's been a perennial favorite for delivering high quality, great packaging for a 2-row vehicle and enough upscale aura to make owners feel special. That combination also results in a high resale value. Both the 2017 Lexus RX 350 and the brand itself feed off each other to raise this midsize model to the top of the list.
Pre-Owned Luxury Cars Offer More than Their Mainstream Counterparts
Weighing the merits of purchasing a new car vs. the budget-friendly idea of buying a pre-owned vehicle is smart. Most people who are dealing with a budget that could accommodate a new mainstream brand car fail to consider that their money may be better spent on a luxury pre-owned car.
A new, non-luxury car will have zero miles, it will be in perfect condition, and you’ll enjoy a reliable selection at the dealership of your choice. It will also depreciate dramatically during the first year.
A pre-owned luxury car offers the advantages of a high-end brand without the out-of-reach price tag. Since luxury cars hold their value well, it’s likely that you’ll either enjoy many years of comfortable, stylish, and safe transportation, or you’ll see a nice re-sale value when you decide to move up to an even better automobile.
There are clearly many advantages to choosing a luxury vehicle. Options for customization, great service at the dealership, comfortable and plush interiors, advanced safety features, and the latest entertainment technology all make driving a luxury car the kind of smart lifestyle choice that is enjoyable and fiscally responsible.