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Upgrading your wheels: The ultimate guide to buying a luxury car in 2024

From deciding your budget to choosing the best car manufacturer, here’s everything you need to know when buying a luxury car in 2024.

By LLM Reporters   |  

2024 is now in full swing and if you’ve decided that it’s time to upgrade your wheels or even add a new one to the collection this year, then you’ve come to the right place.

With so many options available, it can be tricky to decide which new car to buy, unless you have your heart set on a particular model, of course, then the decision will be easy! If you need some guidance on the top manufacturers, their latest releases and whether going green is the right move for you this year, then read on for more.

What you need to know and do before buying a luxury car

Portrait of Young girl driving cabriolet at sunset.
Luxury cars come with hefty price tags, so it’s crucial to establish your budget beforehand

Before taking the leap and investing in a luxury car, there are some important factors to consider. Here’s what you need to know and do before buying your dream vehicle:

1. Set a budget

Luxury cars come with hefty price tags, so it’s crucial to establish your budget beforehand. Consider not only the purchase cost but also insurance, maintenance, and fuel expenses.

2. Research thoroughly

Spend time researching different luxury car models that align with your preferences and needs. Look into features, performance capabilities, safety ratings, reliability records, and customer reviews.

3. Test drive

Don’t underestimate the power of a test drive. Visit dealerships or schedule appointments for test drives so you can experience first hand how the vehicle handles on roads and whether it meets your expectations in terms of comfort and driving dynamics.

4. Consider fuel efficiency

In this day and age where sustainability is gaining momentum, think about opting for hybrid or electric luxury vehicles that offer improved fuel efficiency while reducing carbon emissions. But more on this below.

5. Maintenance costs

Luxury cars often require specialised servicing which can be expensive compared to regular vehicles. Factor in these costs when calculating the overall ownership expenses.

buying a car
Don’t underestimate the power of a test drive. Image credit: hugofelix/Bigstock.com

6. Insurance rates

Insuring a luxury car can be pricier than insuring standard vehicles due to their higher value and potential repair costs in case of accidents or damages.

7. Resale value

Take into account how well certain luxury car brands hold their value over time as this could impact future resale opportunities if you decide to upgrade down the road.

8. Financing options

Explore various financing options available such as loans or leasing programs offered by reputable financial institutions or manufacturers themselves.

9. Car history check-up

Before finalising any deal on pre-owned luxury cars run an extensive background check including service history reports, accident records, mileage verification and the like via apps that offer a free car check.

10. Get professional advice

If you’re unsure about any aspect of purchasing a luxury car , consult with automotive experts who can guide you through the process and provide valuable insights.

11. Find a reliable auto shipping company

It may be that you need to arrange the delivery of your luxury vehicle and doing so will take great care and responsibility from the best car shipping company. Seek out a trusted name in the vehicle transport industry, one who offers efficient and competitive price shipping services for your luxury car, including options like door-to-door service, enclosed car haulers, or expedited shipping. Find a company, like Nexus Auto Transport, who cater to a wide range of customers, from auto dealerships to individual owners, prioritising customer satisfaction for a smooth experience.

New releases in the luxury car world

luxury car investment
Whether you’re drawn to elegance, power or sustainability, there is undoubtedly something out there that will catch your eye. Image credit: VadimGuzhva/Bigstock.com

From sleek sedans to powerful SUVs, there is something for every discerning buyer. One highly anticipated release is the new Mercedes-Benz S-Class, known for its opulence and cutting-edge technology. With a refreshed design and improved performance, it’s sure to turn heads on the road.

Another notable addition to the luxury line up is the BMW X7 M50i. This stunning SUV combines style and power with a twin-turbocharged V8 engine that delivers an exhilarating driving experience. Its spacious interior ensures maximum comfort and convenience for both driver and passengers.

For those seeking eco-friendly options, Jaguar has unveiled their first fully electric vehicle – the Jaguar I-PACE SVR. With zero emissions and impressive range, this stylish crossover offers a greener alternative without compromising on performance or luxury.

On the sports car front, Aston Martin introduces their latest masterpiece – the Aston Martin Valhalla. Inspired by Norse mythology, this hybrid hypercar boasts mind-blowing speed combined with advanced aerodynamics and stunning aesthetics.

These are just a few of many exciting releases in the luxury car market. Whether you’re drawn to elegance, power or sustainability, there is undoubtedly something out there that will catch your eye and elevate your driving experience.

The best luxury car manufacturers to have on your radar this year

Known for their sleek designs and cutting-edge technology, Mercedes-Benz continues to impress with their lineup of luxury vehicles. Image credit: blinow61/Bigstock.com

When it comes to luxury cars, there are several manufacturers that stand out from the crowd and should definitely be on your radar in 2024. These brands have a proven track record of delivering quality, performance, and style.

One manufacturer that you should keep an eye on is Mercedes-Benz. Known for their sleek designs and cutting-edge technology, Mercedes-Benz continues to impress with their lineup of luxury vehicles. From the elegant E-Class sedan to the powerful GLE SUV, there’s something for everyone in their range.

If you’re seeking unrivalled elegance and craftsmanship, look no further than Rolls-Royce. This legendary British marque has been creating bespoke luxury cars since 1906. From the prestigious Phantom to the stylish Dawn convertible, Rolls-Royce embodies opulence at its finest.

For those who value both sustainability and luxury, Tesla is leading the way with their electric vehicles. The Model S and Model X offer impressive range capabilities while providing all the luxurious features one would expect from a high-end car.

Lastly, but by no means least, is Porsche – renowned for its sports cars that blend power with precision engineering. With models like the iconic 911 or Cayenne SUVs offering exhilarating driving experiences in addition to luxurious interiors packed with advanced technologies.

Should you go green with an electric vehicle in 2024?

electric cars
Deciding whether or not to go green with an electric vehicle in 2024 depends on your personal priorities and circumstances. Image credit: janstarstud/Bigstock.com

With concerns about climate change and rising fuel costs, many car buyers are considering the switch to electric. But is it worth making the switch this year?

Let’s talk about environmental impact. Electric vehicles produce zero tailpipe emissions, meaning they don’t contribute to air pollution like traditional gasoline-powered cars do. This makes them a great choice for those looking to reduce their carbon footprint and play their part in creating a greener future.

Electric vehicles also offer impressive performance capabilities with many models boasting quick acceleration and smooth handling thanks to instant torque delivery from their electric motors.

Of course, there are some considerations when it comes to owning an electric vehicle as well. Charging infrastructure is still developing in many areas, so access to charging stations may be limited depending on where you live or travel frequently.

Furthermore, while battery technology has improved significantly over the years, range anxiety can still be a concern for some drivers who worry about running out of charge during longer trips or having difficulty finding charging stations along their route.

Deciding whether or not to go green with an electric vehicle in 2024 depends on your personal priorities and circumstances. If you value environmental sustainability and want long-term cost savings while enjoying impressive performance capabilities, making the switch could be a smart move for you.