Enjoying Luxury While Protecting Your Pocketbook - Financial Research Tips For New Car Purchases

23 April 2015
 Categories: , Blog


One of the most important advantages provided to you by your Porsche sales dealership is the easy access to luxury. Most people who make the commitment to buying a Porsche do so because they've worked hard to earn comfort and excitement and they want to express that through their vehicle choice. In doing so, however, you need to stay informed.

Below, you'll find a guide to some research suggestions for the financial aspect of new car buying. A luxury vehicle is a significant investment, and before you commit to such an investment, you need to be sure that you've gathered all the information necessary to protect your assets both now and well into the future.

Total Monthly Expenditures

While some vehicles may be very simple to care for, a luxury vehicle demands the respect and attention that befits its exciting status. As such, there may be additional costs associated with your purchase that you need to be aware of when figuring your budget.

Secured storage, for example, may result in some additional costs. You may have to pay somewhat higher insurance premiums. Balancing these additional costs by adding to your down payment and thus lowering your monthly responsibility is often an intelligent decision, but having the information to consider is the first step in making the choice that's right for you.

Fuel Costs

The cost of fuel, of course, needs to be factored in as well. For premium, high-performance vehicles, however, you need to be aware that your standard fuel expectations may not apply. You'll likely want to use premium gasoline in order to best assure that your engine's valuable parts remain protected.

The best balance to these increased fuel costs is, of course, efficiency. Consider investing in a hybrid model, as this will allow you to cut back significantly on the fuel you use while simultaneously offering the potential for tax relief due to your investment in environmentally conscious technology.

Resale Value

If you think of a luxury vehicle as an investment, then you need to be thinking about your end game. While some people collect and maintain their luxury vehicles for long periods, most people are looking to eventually divest themselves of an aging car. When you make your new car purchase, you should have an idea as to what vehicles have historically maintained their value and had significant resale appeal. This will allow you to make a purchase with these factors in mind and guarantee that you have some significant return on the back end.