Oh, the mirage of expensive cars! So many of us dream about them and for a few lucky ones, the dream will even turn into reality. But in a world tormented by economic and financial disturbances, where no one can predict what tomorrow might bring, is it wise to invest a lot of money in expensive car brands?
Many times, we see people spending a lot of money on a vehicle, money that they cannot even afford to spend without a bank loan. But buying a car is just the first step while owning and maintaining it will come with added costs. And while reading some trusted car care reviews can help you learn how to take adequate care of your vehicle, there are also other aspects you should have in mind before spending all your hard-earned money on a new car. In this post we will look at some of the pros and cons of owning an expensive car, to help you decide how much is worth spending on the vehicle of your dreams.
Table of Contents
Expensive Cars – PROS
Good Experience – Top of the list is a better all-around riding experience. Expensive car brands don’t just build a vehicle that can take you from A to B. They build a whole experience that is meant to make you want to spend all your time driving. Powerful high-end cars have luxurious interiors, modern exterior aesthetics, fast acceleration, and top speeds, and there is no question that plenty of heads will be looking your way when you sit in the driver’s seat.
Dependable – There is nothing worse than a sudden mechanical failure in the middle of nowhere. While all cars can break, typically owning an expensive one with less mileage, equals less grief.
Longevity – Expensive cars last longer, and generally hold better resale value.
Quality – Top car brands spend a lot of money and time on researching how to build cars that operate better, have smoother shifting, and better braking.
Expensive Cars – CONS
Buying one is pricey – To make sure you will not exceed your family’s budget and risk not having enough money for other expenses, never spend more than 10% of your annual gross income on purchasing a new car.
High ownership costs – Not only buying a new car from a reputable brand will cost you a lot of money, but most of the time, luxury cars come with features, parts and systems that can drive up the long-term ownership costs. Replacing and maintaining them can get pricier than the average mainstream vehicle driver is used to.
Expensive coating repair – Replacing pain bodywork on a luxury car can sometimes end up costing you more than the price of an average vehicle. To prevent paint damage, never wash your vehicle at an automatic car wash and invest in a high-quality ceramic coating like Nexgen Ceramic spray to protect your car’s paintwork.
You are more exposed to theft – Theft of expensive vehicles is a big business worldwide. To keep yours safe it’s best to only keep it parked inside a garage, or if you don’t own one, check out some car cover reviews and pick one that is best suited for your car.