These Are The Reasons You Can’t Afford A Luxury Car

Move out of the way, Toyota and Honda, and let the real ballers come in. Luxury cars are expensive for a reason; that is why they are called luxury.

Whenever we see top celebrities post pictures of their luxurious car collections, we all can fantasise and dream about becoming owners of these luxury cars. More so, when we see them cruising through Nigerian roads, we wonder, “How can I have a car like this?” We want that classic gladding feeling that Mercedes-Benz cars have or the “vrom vrom” of the Porsche car, or even just the flash of the keys alone, that most car aficionados say indicates that we are part of the luxury car squad, and if we really want to feel ourselves, owning a Tesla would make us the talk of the town. 

Nevertheless, we are not here to talk about the bragging rights that come with owning a luxury car, but moreover, we are here to discuss why they aren’t “for the masses,” which means why they aren’t as affordable as the Kias or Nissans; even to buy a Tokunbo luxury cat can completely eat deep into your wallet.

Just having the name “luxury” doesn’t mean that a car has to be too expensive; it is like comparing a Lexus to a Bentley, with the Bentley being more expensive. So, as prices of normal and affordable cars keep increasing, we should expect a double in the luxury automotive market. That is why we need to know what makes luxury cars so expensive. 

Overall quality, expensive materials used in manufacturing, and a memorable driving experience are all characteristics of luxury vehicles. In fact, a lot of people think that luxury cars cost a lot more than conventional cars because of these factors. Yes, this is accurate—but only partially. There are a ton of factors that contribute to luxury cars’ high cost, and everyone should be aware of them.

In keeping with this, we’ll look at a few key ideas that help to explain why luxury cars are so expensive.

Limited Manufacturing

Luxury cars are expensive, mostly due to their limited production. Due to their limited production, luxury cars are considered exclusive in the automotive sector.  They go hand in hand with excellent craftsmanship, distinctive features and designs, and an exhilarating riding experience, for which the buyer is actually paying the automaker. But, we need to understand that the reason for their limited production is mostly due to the value of the cost of production which is high, and this cost of production begins from the base level such as material, engineering and the final output and what we see in the market. 

For this reason, luxury cars will continue to be expensive. Cars such as Toyotas and Hondas use inferior quality materials compared to luxury vehicles such as Audis and Lamborghinis, which makes their cost of production quite mild compared to their luxury counterparts. 

Exceptional Value

As can be seen, luxury cars are much more than just high-quality vehicles. Driving a premium car reflects the rider’s position, income, and personality. Yet many well-known luxury vehicles, such as the entry-level Mercedes, Audi, and BMW, have grown within the means of more than 20% of the populace. Loans and leases make this feasible.

In addition to being a sign of wealth and position, the prestige value of luxury cars also determines their resale value. Selling a luxury car in better condition, like a BMW or Mercedes, will probably result in a higher resale price than selling a Honda or Hyundai in the same condition.

Safety

As a result of their exceptional range, prestige, and performance, luxury cars have more to offer their passengers. Absolute safety and peace of mind go hand in hand.

Luxury cars, as opposed to normal vehicles, provide safe driving thanks to the installation of all necessary equipment at the time of purchase. It has excellent curtain airbags, an antilock brake system, regular stability control, traction control, and side-front airbags as standard equipment. 

Each piece of pre-installed hardware protects the vehicle from internal damage and keeps the driver alive in the event of a serious accident. All things considered, the automakers have actually tried this. As a result of their exceptional quality and safe riding, most of these luxury cars are known for their accident-free features. 

Parts

The pricey components used in the construction of these exclusive cars are included in the classification of the spectacular attributes of luxury automobiles. These components are of the highest calibre, made from the finest materials, and they do not degrade over time. 

Take the Ferrari 458 Italia Sports, for example, which has a V-8 engine. This car is composed of aluminium, has hand-sewn leather upholstery, and tappets wrapped in diamond-carbon fibre giving it the appearance of a Formula 1 race car.

Horsepower

Have you ever wondered why all luxury vehicles, whether hatchbacks, SUVs, or sports cars, provide the best riding comfort at the fastest speed—90 kph in just four seconds? In light of everything, that is accurate!

Luxurious vehicles, like Porsche or Mercedes, come with a lot of power that allows them to reach incredible speeds on planes and slopes with just a few accelerations. This most likely won’t apply to every top-of-the-luxury vehicle, though.  Thus, if you want to get the best luxury car, you must have a thorough knowledge of every type of luxury car.

Luxury cars are high-end vehicles that are extremely expensive to buy. After the expensive frills and high support, this can upset the buyers’ budget. So, being business-minded, we would advise you to purchase used luxury vehicles.

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In terms of new cars, a used luxury car is a better option to choose because it is reasonable and has a set price range. These vehicles come with proper interior and exterior maintenance and may be purchased in any brand and model. Use Carmart.ng to get the best deals on luxury cars today.