What is considered a luxury car brand?
Luxury cars are not just defined by their smooth ride, high levels of technology, and refinement but also by their reputation. If you're looking for a luxury car brand, these are the manufacturers you want to consider:
Is it better to buy or lease a luxury car?
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.
Depreciation doesn't factor in when you lease a luxury car because you never own the car. Only if you plan to buy a luxury car do you need to ask yourself how much you care about owning the vehicle and if you're happy to bear that burden of depreciation? However, some manufacturers hold their value better than others, so if you are thinking about buying a luxury car, make sure you do your research first.
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.
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.
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.