Is it Worth Buying a Luxury Car in India

Why Do People Buy Luxury Cars?

Owning a luxury car brings personal satisfaction along with a sense of achievement. These cars offer an amazing cabin experience and they are fun to drive as well. Moreover, you'll always be greeted well by your new luxury car every time you leave your home in the morning or office at the end of the day. It will brighten your day and inspire your commute. You'll feel excited to drive the car. In the end, a luxury car is not just a vehicle to get from point A to point B, but it's a way of being in the world.

Furthermore, there's no comparison between a luxury car and an economy car. When you get inside one, you'll know what is a luxury car. These cars offer cutting-edge technology, advanced safety systems, exhilarating performance, and unmatchable comfort.

Luxury Cars Depreciation

Before buying a luxury car, you must be aware of the fact that the value of these cars reduces drastically. It may lose around 15 percent of its value once you drive it off the lot. And, over time the depreciation will increase even more. After three years of use, you can expect it to be worth 50 percent of its original value. So, if you want to own a luxury car, then be prepared for the loss.

Luxury Cars Maintenance and Repairs

The cost of maintenance and repairs is another factor to consider before buying a luxury car. Even an oil change may cost twice or thrice more than what it would cost for an economy car. And, replacement of parts usually costs lakhs for these cars. Moreover, maintenance cost increases for old luxury cars. The cost of service and repairs is even higher for luxury sports car brands. So, you must know a car's maintenance and repair costs before purchasing it. Also, it's crucial to find a trusted and affordable service station that provides the best service for your vehicle without raiding your pocket.

With Great Prestige Comes Great Responsibility

Buying a luxury car means making your dream come true. And, owning these cars provides you with a sense of prestige in society. No matter whether it's a new luxury car or a used luxury car, it's always an achievement to own one. Furthermore, there are several benefits of buying second-hand luxury cars as discussed in our previous article. Also, you need to be responsible when you own a luxury car. It demands proper maintenance from experts and you can't take it for off-road adventures. You need to be careful while driving it and park it at a safe spot because even small damage can cost you a lot of money.