Entry into the luxury market will cost you a lot of money. One of the easiest ways to break into ownership of luxury goods is with vehicles. Vehicles are capable of being financed. There are also luxury starter vehicles that have a similar cost to upgraded economy cars.
The one thing that you should be aware of when purchasing a luxury car is that when you run into trouble, you may have to make different repair choices than you would with a less expensive economy car. Here are three things that you need to know about luxury car repair before you purchase.
Your diagnostic should come from a certified shop
Stopping at a neighborhood shop without certifications for the luxury car that you drive is a no-go when it comes to finding under the hood issues. If one of your indicator lights has come on, you must go to a certified shop or back to the dealership to get certified auto diagnostic checks. Shops will indicate that they are certified by a specific car maker, which lets you know that you can go into the shop for issues without having problems with your warranty.
Aftermarket car parts are a bad idea
Although some people soup up their vehicles with the latest in technology on the interior, getting aftermarket items for a car's engine, electrical, and other under the hood systems may not be wise. Aftermarket parts are not always guaranteed to work appropriately with your car model. Parts that do not come from the original manufacturer can cause you to lose your warranty on the rest of your car's system. If you need to purchase parts, get the manufacturers parts for your car. To save money, you can purchase used branded parts, which are likely to come at a heavy discount.
Totaling is going to be tougher
Sometimes having a car declared a total loss can set an owner's mind at ease. Totaling a car means that the insurance company has deemed the car to be total loss, or that the repairs will exceed the value of the vehicle. When you have an expensive luxury vehicle the insurer may not total out the car after certain accidents, as they would a less expensive vehicle. This means that you will need to get your car fixed, versus getting a check for the worth of the vehicle. High-end cars are a liability that will likely stick with you long term, so be sure you are ready to invest in the repair costs.