5 Essential Things to Know About Luxury Vehicles

There’s something to be said about the looks and offerings of luxury vehicles, but appearances can always be deceiving. If you’re considering buying a luxury car, there are a few things you need to know before you make your decision.

Is It Really Luxury?

Sure, anyone who sees a BMW, Porsche or Mercedes-Benz recognizes these cars as a symbol of status. However, there has been a shift among carmakers in recent years: the features that once made a car considered luxury are now standard or available features on most makes and models. That means if you’re only looking for a feature-rich vehicle, you might not have to spend all that extra cash to get it.

Consider Fuel Requirements

Most luxury brands require the use of premium fuel. Additionally, many get less than stellar fuel economy as well. Make sure you consider how far you drive, the current trends in fuel costs and just how much you can afford in your budget each month on top of that high loan or lease payment.

Insurance Matters

Just as those cushy rides have a higher price tag, so too does the insurance – if you can get it. Many insurance companies won’t insure some of the more expensive or exotic vehicles, and if they do you can expect much higher premiums. If you know what type of vehicle you’re looking to buy, check around with the insurance options to see if you can find one that’s affordable enough for you.

Maintenance Is Expensive

Maintaining a luxury vehicle is considerably more expensive than a lower-priced vehicle. It may be difficult to get the parts needed, or find a mechanic that has the experience and understanding to handle it as well. If you can’t find one, you’ll have to use a dealership for maintenance, which will add even more to the cost.

Repairs Can Be a Headache

Most luxury cars are made by manufacturers outside of the US. This means that any parts you may need will have to be ordered and shipped, which can be expensive and take quite some time depending on the manufacturer. That means you’ll need to have another vehicle available to drive in the meantime, or fork over even more cash to rent one.

Most luxury cars are made by manufacturers outside of the US. This means that any parts you may need will have to be ordered and shipped, which can be expensive and take quite some time depending on the manufacturer. That means you’ll need to have another vehicle available to drive in the meantime, or fork over even more cash to rent one. Luxury cars are a treat to look at and drive, but ownership can come with its own issues.


The statements expressed above are only for informational purposes and should be independently verified. Please see our terms of service for more details

Need Help With Your Car?

Our certified mobile mechanics make house calls in over 2,000 U.S. cities. Fast, free online quotes for your car repair.

GET A QUOTE

Related articles

Ten Sports Cars That Double as Good Daily Drivers
The best daily driver is a car that's reliable, usable, and still fun to drive. Popular daily sports cars include the BMW M3, Subaru WRX, and VW GTI.
How to Compare Car Insurance Companies
Car owners should compare car insurance companies to find the best coverage. Use the same data to accurately compare car insurance companies.
How to Tell if You Need Car Gap Insurance
Car gap insurance is also known as loan-lease payoff coverage, because it pays the difference between the value and outstanding balance of your car.

Related questions

Car shakes
The engine computer would need to be scanned to see if the engine is misfiring. That would lead to a possible coil, or spark plug failure. Depending on your car's mileage, there may be a coil and plug issue. I...
Codes P0171 and P0442 - is it a gas cap issue?
Hello. These "small leak" codes can be very frustrating! Both of these codes (P0171 - lean condition, P0442 - small evaporation system leak) are the result of an air leak in the engine's air intake system. Causes can be leaks...
How to fix an oil leak?
The proper way to repair an oil leak would depend on where the engine is leaking from. Common leak sources include the valve cover gaskets (https://www.yourmechanic.com/services/valve-cover-gasket-replacement), oil pan gasket (https://www.yourmechanic.com/services/oil-pan-gasket-replacement), rear main seal, intake manifold gasket (https://www.yourmechanic.com/services/intake-manifold-gaskets-replacement), oil filter, and...

How can we help?

Our service team is available 7 days a week, Monday - Friday from 6 AM to 5 PM PST, Saturday - Sunday 7 AM - 4 PM PST.

1 (855) 347-2779 · hi@yourmechanic.com