PURCHASE CAR PRANK PREMIUM (VS POOR RICH) - SUPERCAR AND GOLD Polissons Earthmoving
If you have exorcised the envious eyes on Mercedes and BMW in the office parking lot, you may wonder if you can fit a luxury car in your luxury brands Budget have read your review and made out of the most affordable models but make sure you calculate all the costs that come with owning a luxury car - not just the purchase price.
You would t the only recital supposedly luxury entry level cars - those of the purchase price from often under 35,000 Growth in this segment was a major reason that the luxury vehicles have increased their market share in recent years, according to a report from April analysts at the national Association of Used Car Dealer Car Guide data suggest that growth was due almost exclusively to new buyers entering on the market, not the usual luxury buyers trading down to cheaper models.
From a Range Rover with a hood disappearing at a Ford packaged with a 52-inch screen, Tim Stevens CNET takes a look at some of the luxury cars.
One of the entry-luxury models the best financial qualities is the high resale value and results in a way to lead a more affordable luxury model - praising the NADA Guide report notes that the luxury cars level averaged input 48 8 retain their original value after three years, more than the other luxury segments.
Over the depreciation rate, the higher the rental payment, notes the analyst NADA Laurence Dixon III For example, the Lexus ES currently has a lease agreement for 349 per month for two years with 2999 due at signing.
If you get a good deal to rent or buy the luxury car, which is only the beginning of your expenses like any car, insurance, fuel and maintenance repair costs have yet to be paid to see the incremental cost let's compare an entry -level selling Mercedes-Benz C250 at an average of about 35,900, according to one of best-selling midsize sedans, the Toyota Camry XLE, Camry with a better average sales price of 23061.
Here is a look at the comparative costs of owning these cars.
Fuel Cost - Mercedes, like most luxury cars require premium gasoline, while Toyota, like most mainstream brands, regularly uses the current national average for regular is March 64 one gallon vs 4 for the premium, according to AAA Mercedes C250, with a rating of 25 mpg in combined city and driving the road would earn 2 fuel costs 400 per year, according to Toyota, with a combined rating of 28 mpg would come to 1,950 That's a 450 additional gas in your budget each year.
Insurance - Car First Luxury buyers are often surprised at their bill to ensure that the car Following our example, gives the following comparison for both cars is assured in Northern California for a 40 years old married man or woman, the monthly insurance bill would be for the Mercedes 173 and 130 per month for the Toyota Camry that's more than 500 a year in additional insurance costs to compare insurance costs of your current vehicle for cars you could buy go and scroll down the right side of the section called car vs. car You can get an estimate using your age and postcode.
Maintenance - The oil changes and other routine maintenance work generally cost more in luxury brand dealers as a selling point, some luxury brands like BMW offer free maintenance for the first 50,000 miles on a new car but in our comparison, Mercedes-Benz does not offer maintenance program for the Toyota model, especially for consumer brands, has no maintenance for two years or 25,000 miles, whichever comes first.
Repairs - For repairs that go beyond the standard service, luxury dealers are also more expensive You might be able to reduce repair costs by avoiding the dealers and go to specialized independent repair shops, for example, in German cars, but double check to see if it still meets the terms of your warranty.
Comfort, style and prestige of owning a luxury car can actually outweigh the additional costs to you just be sure that you have an idea of these costs before you decide to buy or rent.
View all articles by Jerry Edgerton on CBS MoneyWatch Jerry Edgerton, author of Car Shopping Made Easy covered the pace of the car since Detroit companies dominated the US market The former columnist for Money magazine and matching Washington Business Week, Edgerton specializes in finding the best deals on wheels and offering advice to your last car.
Thinking of buying your first luxury car to CBS News, your, first, the luxury.