Luxury SUV and Sedans: What To Know

Buying a luxury car is a big deal, and it’s essential to ensure you know what you’re getting into. The elegant body, shiny paint, prestigious brands, and custom interior are undeniably appealing. But you’ll need to do your research and make an informed decision.

Two Kinds of Luxury Cars to Consider

Luxury vehicles come in two different varieties: new and used. When a new luxury SUV or sedan drives off the dealership lot, it loses a couple of thousand dollars in value. Many car buyers also rarely keep them long enough to calculate the long-term costs of maintaining a luxury vehicle.

A luxury car typically does not show signs of wear until it has been driven 50,000 miles, and owners are long gone by that point. After that, the luxury car enters the used market and becomes more challenging to sell.

Check the Value of The Luxury SUV and Sedans

Before purchasing a luxury vehicle, we advise you to research the residual value rating of the desired vehicle. The residual value rating represents the value the luxury SUV or sedan will have after use and if you decide to sell the car in the future.

The residual value gives a good indication of the vehicle’s quality and value, given that it considers the car’s durability and dependability expectations.

Check the Luxury Vehicle’s Warranty

Another thing to look for is the warranty on the luxury vehicle. Some manufacturers provide a good warranty that lasts for a long time; you can view this positively or negatively. A lengthy warranty could mean the manufacturer has had serious problems with the car’s powertrain and other things.

The good news is that even if you encounter these issues, they will be covered, and you will not be responsible for any repairs. Keep an eye out for manufacturers offering free maintenance packages to keep costs down.

Fuel Economy of Luxury SUVs And Sedans

On a more practical note, consider how much you will use the desired car and whether you are concerned about fuel economy. There are luxury vehicles that use other technologies to maximize fuel efficiency without sacrificing the driving experience. If you want a luxury car as your primary mode of transportation, we recommend looking into hybrids or fully electronic vehicles to save money on gas.