There’s something about the warm, rich scent of new leather and the shiny curve of a sleek aerodynamic design… Not to mention the roar of a finely tuned engine… all leading to one question: Should I buy a luxury car?
From safety features to enhanced performance, it’s no secret that luxury cars offer comfort, style and an amazing driving experience. Of course, all those benefits do come at a price, and sometimes all the costs aren’t clear.
If you’re considering buying a luxury car, here are some pros and cons that expensive cars present.
Pro: Enhanced Driving Performance
There’s just no way around it: Most luxury cars simply offer better performance. So what’s under the hood? From the latest tech to the highest horsepower, upscale car brands are known for delivering a punch.
Most offer a V8 (or at least a V6). That means more power when you want and need it. Even when a luxury car has a smaller engine, it’ll likely be a high-octane version that still offers superior performance.
Pro: Top-Shelf Safety Features
Along with enhanced performance comes enhanced safety. Among the pros and cons expensive cars offer, better safety features are a definite benefit.
With most luxury cars on the market today, you should expect to find:
- A full complement of airbags
- Anti-lock braking system
- Traction control
- High ratings on crash-worthiness tests
- Blind-spot monitoring
- Cross-traffic alert
- Automatic emergency braking
- Adaptive cruise control
- Lane keep assist
- Anti-theft features
Pro: Higher Resale Value
All new cars depreciate, but luxury cars tend to have a higher resale value than less-expensive models. More than 50 percent of cars with the highest resale value were luxury models.
Of course, just because a car is a luxury brand doesn’t mean depreciation won’t impact your resale value. But you might lose less money than you would with a lower-priced car.
Cons: Higher Sales Price
This potential downside really doesn’t need much explanation. Luxury cars tend to cost more right off the bat. Of course, you have to weigh the potential advantages, such as higher performance, better safety, top-shelf features and that luxury car status.
But there’s no way to sugarcoat it: Luxury cars simply cost more.
Cons: Fuel and Repair Expenses
Many luxury cars require mid-grade or premium fuel to keep them running clean. That’s because high-performance engines require higher octane fuel.
Plus, unless you’re going electric, cars known for their “get up and go” aren’t usually fuel sippers, either. All this means you should expect to pay more at the pump when buying a luxury car.
Just as it costs more to fuel a luxury car, repairs tend to cost more, as well. From parts to service, everything luxury comes at a higher price. From spare keys to new batteries to tune-ups, expect to pay more for repairs and routine maintenance.
Solution: Buy a Used Luxury Car
If you’re thinking of buying a luxury car but the extra costs aren’t that appealing, consider purchasing a pre-owned vehicle. Entering the luxury car space without buying new off the lot will help you avoid that initial depreciation loss.
Plus, a used luxury vehicle will still have many of the performance, safety and comfort perks that you seek. Though it may not be the latest model, a three- to five-year-old car should still have reasonable features.
When considering the pros and cons expensive cars present, be sure to do your homework. You don’t want to get any surprises later down the road.
Crowds Have Shrunk Considerably
In a normal year, more than 30 million people travel to Niagara Falls to peer across its great expanse and marvel at its stunning geological formations. With the US borders locked down tight, a fraction of the people will visit this year, as only 1/3 come from Canada. The same situation is playing out at all the major attractions across the country along with the campgrounds at every corner. This leaves plenty of room for your group to stretch their legs and check out the sights.
Rock Bottom Campground Prices Keep Costs Low
Since campgrounds are seeing far fewer campers than in prior years, many have dropped their prices quite a bit to get people to come stay awhile. With the money saved each night, you can easily decide to extend your trip without breaking the bank. Of course, if you want to camp for free, you always have the option to park on Crown lands instead. No matter where you decide to go, make sure to check that the campgrounds or lands are open for use as the COVID-19 (coronavirus) situation evolves.
A Getaway Will Rejuvenate and Restore the Group
Believe it or not, RV travel is about much more than simply beating cabin fever and having fun. The time away in nature can help restore the mind and body, readying everyone to restart the daily grind with renewed vigor.
The benefits you may enjoy include:
- Lower cortisol levels
- Decreased heart rates
- Stress relief
- Improved focus
- Less inflammation
- Higher vitamin D levels
- A boost to creativity
And with all the new lifestyle changes and demands of daily life, these benefits are more important than ever. So, soak up the beauty of nature with confidence you are spending your time right this summer.
RV adventures await, giving you a way to beat cabin fever and simply get away from it all. Before you load up and head out, make sure to verify you have the right insurance coverage for your RV and all your other vehicles. That way, you can stay safe and maintain true peace of mind through all your travels.