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Buying a Luxury Car: What You Need to Know First

April 11, 2019

If a regular car isn’t for you, there are a ton of luxury cars that are available to purchase. With beautiful interiors, more space and exciting accessories, knowing what to look out for can make a huge difference. Here are just a few factors that you should consider before buying your dream luxury car.

Advanced Safety Features

Because you will be spending more money than you would do on a regular car, you want to be certain that you’re getting good value for money. On average, luxury cars are safer than a standard vehicle. With 71% of new cars being fitted with traction control, stability control and side-front airbags, this means that you can feel safe and secure when out and about. The car you purchase should meet these advanced safety feature standards, so be sure to check before purchasing.

Car Performance

One of the main reasons why people pick a luxury car over a standard car is because of performance. Luxury vehicles should have a higher driving performance and more horsepower. When looking for your dream vehicle, your car’s performance information should be present on any car dealership website. If you have any queries, don’t hesitate to get in touch with the dealership so you can have some clarification on whether your car matches the information they display.

Know What You Want

There are a ton of features that come with luxury cars, so it’s essential that you know what you want. Whether it be for comfort, speed or size, you should make a list of everything you want in your dream car. As you will be spending more money, it’s important that every penny is well spent. To draw up a plan, list down your wants and needs in order of preference. That way, you can narrow down your search which makes the process much easier. There is a step by step guide that you should follow too when buying any type of car.

Create a Budget

When on the hunt for a luxury car, you will find a range of models that will vary in price. Before you make any firm decisions, it’s important to have a budget in place. Taking a realistic look at your finances will help you find a car that’s within your price range. Once you have found a price that you’re willing to pay, it’s advised not to go over it. You should also factor in car insurance costs, especially as many sports cars and luxury vehicles have higher insurance rates.

Visit Several Dealerships

Once you have a rough idea of what type of car you want, you should visit several dealerships in your area. Instead of sticking to one and being swayed by a car, you may find a better deal elsewhere. The staff at a car dealership know how to persuade, so it’s important not to get lured in at the first vehicle you see. Make sure to notify your dealer that you are visiting various dealerships as they may lower the price of the car to get your custom. You should take time inspecting each car and make a note of any questions that you may have before arriving.

Accessories and Features

While you may be drawn to a vehicle for its size and colour, there are tons of accessories and features that can sway you in the right direction. You may want to add a personal touch to your car, such as 3D gel number plates. This is something you can find on the site Number 1 Plates, who provide a range of premium number plates that are created with a special gel resin and finished in high gloss piano black. These are 100% UK road legal plates and makes for a great way to personalise a luxury vehicle.

Negotiate

Before you say hello to your luxury car, knowing how to negotiate with your car dealer can make a huge difference. Be sure to print out the lowest quotes that you have received from other dealerships, as well as the true market value of the car. Having this information on hand can provide you with leverage and help you decide what type of car is right for you. Having facts and statistics in hand can keep the negotiation on track and eliminate the risk of you getting a bad deal. You should also have a credit report on hand that you can present to your dealer. As credit checks are one of the most common ways for dealerships to get more money out of customers, you should know your credit score before you visit and have it available throughout the negotiation stage.

Before you sign on the dotted line, it’s always best to do as much research as possible into different types of luxury cars. While you may have your heart set on one model, you may find another that has all the features you want but at a lower price. You will want to get good value for money, so when visiting a dealership, make sure to ask questions before finalising your deal.

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