Are These Luxury Cars Worth the Price?
Luxury cars represent a significant investment, often exceeding $75,000, with some reaching six figures. When calculating the total cost, consider factors such as taxes, maintenance, repairs, and depreciation, potentially adding tens of thousands to the initial sticker price.
Some people consider spending over $20,000 on a car excessive, while others find $100,000 acceptable. Here’s a look at some luxury cars and whether their costs match their value.
Maserati Grecale
According to car expert Joe Giranda, the Maserati Grecale, priced around $75,000, might feel underwhelming compared to the price. The interior quality and technology features don’t measure up to competitors like the Porsche Macan. Maseratis are usually expensive to maintain and can, on average, cost about $1,600 per year for preventive maintenance.
Mercedes-Benz EQS SUV
The Mercedes-Benz EQS SUV offers luxury and a futuristic design, with an electric driving range of around 305 miles and a base price of approximately $105,000. Giranda notes that its interior materials and overall value don’t completely match its price point compared to other luxury EVs. Mercedes-Benz models frequently have high long-term upkeep costs, potentially costing roughly $14,175 in the first ten years of service.
Luxury Cars Potentially Worth the Investment
Conversely, here are two vehicles that may offer a better return on investment:
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Genesis GV80: The Genesis GV80, around $57,000, combines luxury and practicality. It has advanced technology, a sleek design, and high-quality materials.
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Lexus LC 500: The Lexus LC 500, with a starting price of about $99,000, has an appealing design and provides a luxurious driving experience. Lexus is known for reliability, leading to fewer repair visits.
Tips for Choosing the Best Luxury Car
When shopping for a luxury car, individual experiences can vary. To find the ideal vehicle, consider these tips:
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Conduct Research: Compare various luxury cars, assess prices, and identify the features you need.
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Set a Budget: Establish a price point and a budget that includes all additional expenses.
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Test Drive Vehicles: Experience the cars you are considering by test driving them.
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Compare Dealerships: Explore various dealerships to find incentives and promotions.
Making an informed decision is essential, taking into account both vehicle-specific factors and individual preferences.
