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- “With their sleek style, quality interiors and innovative technology, it’s easy to see why luxury cars are so popular. In 2022, luxury car sales are estimated to grow by 1.32% in the UK, with unit sales expected to reach 8.1K in 2026.” Mark Smith - Director of Nationwide Vehicle Contracts - Source: Internet
- One advantage of owning a luxury car over leasing is that it’s yours to do with what you wish. For example, you can drive it for as long as you want and as far as you want. Plus, if there are any damages, it’s only yourself and your financial account to answer to. - Source: Internet
- Maintenance is a massive part when deciding whether or not to buy or lease a car, let alone a high-priced luxury car. Even the most affordable luxury cars are created with more expensive materials. With leasing a luxury car, you can get a maintenance package that will cover you for the duration of the lease. Unexpected repairs can be expensive in any car, but they can be considerably more with a luxury vehicle. - Source: Internet
- Status Symbol A luxury car can act as a status symbol for some buyers. For example, some companies that want to come across as successful may have employees drive around in luxury vehicles when they visit client sites. Customers who buy luxury cars are more inclined to seek social status and financial wealth than those who purchase non-luxury cars out of necessity. - Source: Internet
- Luxury cars are often seen as ultimate success, offering the best driving pleasure. They look and feel more luxurious with their polished exteriors and plush interiors. The luxury car is a dream for many people. For others, it’s seen as a prize. - Source: Internet
- However, there’s more to a luxury car than its looks. They are designed to provide the most refined possible drive. From upgraded entertainment systems to the best engine performance, the luxury car is all about the experience. - Source: Internet
- There are advantages and disadvantages to both buying and leasing a luxury car. Overall, leasing is a more cost-effective way to get your hands on a luxury car. However, whichever you decide will ultimately depend on your finances and your circumstances. - Source: Internet
- Latest Safety Features Luxury vehicles are often fitted with the latest safety features, technology, and performance enhancements. Luxury vehicle manufacturers typically pay more attention to the interior, where you spend most of your time. The soft fabrics and polished touchpoints improve your overall driving experience, which is why people choose to drive luxury vehicles. It’s all about the experience. - Source: Internet
- Consumer Experience The term “luxury” refers to more than just the vehicle. It sets an expectation that the consumer experience will be greater than just getting to a regular manufacturer. Luxury car brands do this by providing added perks to your deal and providing a personalised experience that they can’t get anywhere else. - Source: Internet
- Deciding whether or not to buy or lease a luxury car will usually be based on financial considerations. It’s great if you have the money, but most people don’t. But ultimately, it’s not as simple as looking at the car’s price, as there’s a range of expenses that come with driving any car, such as the vehicle’s depreciation, car tax bands, restrictions, and maintenance. - Source: Internet
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