“Show me your garage and I’ll tell you who you are”. Luxury cars, like homes in expensive suburbs, are an indicator of success in life. It is a sentiment that is reiterated in movies and music videos. From the rich sound of a sports car engine, the slick exterior, and the stately interior of a limo, luxury cars have great appeal.
Apart from their grand appearance, luxury cars, by their right, are expensive. The price tag is, in fact, the main determiner of a luxury car. They go for huge sums! There are also the issues of tax and insurance fees to consider.
Below are some other factors to put into consideration before making that luxury car yours:
1. Consider the Residual Value
A lot of people prefer to lease luxury cars, instead of buying them. The residual value of a car is what the car is worth after use. Once the lease expires, the value is reevaluated and this fact provides insight as to the durability … Read the rest