The Surprising Things NO ONE Tells You About Owning A Luxury Car...
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- Опубликовано: 9 июл 2024
- There's the romance to owning a luxury car, but there's also the realistic side. Today, I'm going to talk about the surprising things I've found while owning a number of luxury cars. I'm breaking down luxury car ownership issues and we're still going to show you lots of fun things about these great cars!
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Owning or having a luxury car is nothing, what will kill you is maintenance,BMW and Mercedes loves your saving account money, and be careful buying a used one,because some people skip maintenance and trade them in
All BMW maintenance is included in the first 3 years and most that are purchased within 5-7 years are CPO cars. Also maintenance records are available if you buy from the dealer as is something you can ask from the owner.
Anyone buying an 8 year old German car has no business buying a car.
@@drstevej2527 not all, because usually it’s a package they add up on loans
@@Promisedland_garage
What does that even mean? ALL BMW come with a 3 year warranty that covers maintenance. CPO cars extend that to up to 7 years. The vast majority of these cars are traded in as the OP indicates which means they are most likely going back to a BMW dealer.
In short only a tiny fraction of all these vehicles lack excellent maintenance unless they are much older.
I’d rather just get a genesis, their warranty is pretty good
@@UzitheSaint
That’s the Olive Garden of luxury cars.
Just ordered a front parking sensor that went out on my Lexus GS 350 F-Sport. Lexus dealership wanted over $1k to fix. Tried calling Toyota dealership to order part and they said they don't have access to Lexus parts (even though when I pulled the sensor out the front bumper the part number started with the word Toyota 😂. Called Lexus dealership in another state and ordered oem sensor for $200 and a buddy is going to put it on for me. Savings over $800. Got to love those luxury prices!!
Yep! ordered a Lighted Door Sill with a "F" Sport " Illuminated for my 45oh+ "F" Sport...Lexus wanted $400.00 for 2 ...bought from "Express...$225.00 FOR BOTH SHIPPED!...aLWAYS CROSS REF. AND SHOP!
Great car! I love my GS350! I use BellLexusNorthScottsdale for my OEM PARTS.
@@fisephalnoxtThat’s exactly where I got it from. My local dealership wanted $474 and they sold the sensor to me for $202 with free shipping🎉
@@ricardoyoung2008 Yes! Been using them for years! They have the best prices and a lot of sales! free shipping of course😀
I worked for Infiniti in its hayday from 2000-2012 I got to work on a few 1990 models, and it was funny how people think they are in a "Luxury" car. My 06 Sienna is a Luxury car in my eyes. And Infiniti is the bottom of the barrell when it comes to a luxury car. Great Video
Thank you very much and I totally agree with that
I had an Infiniti I30. Definitely wasn't luxurious
@patcol82 definitely not but after 15 ecm reprograms and a set of cat converters and coils, they were a solid car. Not luxury
I’m broke but life is too short to drive boring cars 😂😂😂
Nice. Fun cars can be affordable too
Mercedes is not a luxury car. The segment is called premium or near luxury. Yes insurance, fuel, maintenance, depreciation, consumables are all more expensive. You sacrifice reliability, durability, and efficiency for style and performance. I will say a lot of the car influencers have shown that a lot of very expensive repairs can be taken care of for much less if one is mechanically inclined and has some basic tools.
I have S class Benz and Porsche Cayenne, why ? because life is too short to drive boring cars 😊
Yep! Totally agree... My Daily driver / Dependable is my LEXUS 450h+ "F:" Sport.....My life is to short ....is my Ferrari F-40 Talk of maintenance OUCH! however sure is a show stopper! IMO
100 percent right. We are not here for a long time we have to make it count
Great choices guys
True
@donaldbanner2185 niceee
So true and thanks for the info
You are so welcome
Awesome advice. TY 👋❤🔥❤🔥
Thank you very much
Good info. Thank you. Very important information for me. Thank you😃
You are very welcome, glad it helps
Yep - my initial costs were higher than I expected. But once they were done it's been good!
I remember my co-worker having a 1986 MB 190E, and when you closed the door, you could feel the weight and quality that MB used to have. He had a problem with the wiper motor in all the time he had it, and he DIY'd that....and that was the extent of mechanical issues. The interior was almost primitive compared as today's MB's. I would take quality any day, (older chap speaking here who has had European and American luxury cars) there seems to be such a disconnect between luxury and cost, quality and value. But life comes only once so if a luxury car is your thing, go for it, but go in with open eyes, I guess. For some folks, there is no difference between a need and a want.
You are totally right, the modern luxury buyer values the latest tech and style over the older luxury cars that delivered vault like chassis and durable parts. I agree on the go for it part too because life is too short to drive boring cars but just know there is a cost to own these cars
Very well explained!!
Pay to play ❤
Thank you
There nice to have as a second vehicle..That way you can keep the miles fairly low. When you trade it in you will get more money for your trade
That’s generally quite true. Miles do hurt the value of these vehicles
Bad thing about a low priced Mercedes Benz is when I hit a deer they totaled my car, sure the estimate was bogus but that's how body shops buy your car from your insurance company, fix it cheap and make a huge profit selling it. I'm buying my car back and cobbling it together for about 15% of their estimate, screw those people. My car was perfect, 57,000 miles, 11 year old GLK350 4Matic. Just remember that rapidly depreciating vehicles are only around until the accident. Thanks.
I totally agree, depreciation hurts on damaged cars but if it’s a good vehicle and you want to drive it for and g time then it’s worth it to fix.
I paid $28K for my 2015 S550 with 80K miles and two owners .. ($170.000 new) … my other option was new RAV4 or Camry for about the same price, after taking all 3 for a test drive , there was no doubt in my mind what I was buying , and I drove home in style , in my S class 😊
11:50 buying a luxo vehicle and having to service it yourself seems like an oxymoron situation...?
Just buy a Lexus or Acura, my Acura has Honda parts and engine so everything is cheap and easy to work on
But still has a lot of luxury features and is quiet and fun to drive
Exactly great way to go to enjoy luxury and reliability without compromise
18 yrs ago I almost decided to buy a Bimmer but instead opted for a loaded Forester. I am so glad I did. I still have the Subie.
I have a friend that did the same thing. He said to go with the manual transmission. I am considering it.
@@georgerenstrom4348 i have a manual that tranny isn't available anymore in Foresters or Crosstreks.
Nice
It's all about what is most important and how much it's going to cost. Unfortunately, many irresponsible people cannot and will not make sensible decisions. Then they end up wasting a lot of money and some end up with a repo and bad credit. I could afford an expensive luxury car but, that's not that important to me at 71 YO. A good safe, reliable, and attractive car with great MPG is all the luxury I need. My 2020 Camry LE is all I need right now...along with my 1970 F-250. "I'm not broke but life's too short to be driving wallet busting cars."
at one point, we were going to buy a used BMW with low miles...but, decided against it, because i knew maintaining and insuring it would be really expensive...
Its also the top of the line cutting edge tech that rapidly becomes outdated and unsupported. Nobody really understands early 2000's Mercedes electronics
They can afford only the monthly payments only to run it to the ground and if it’s it too expensive to repair it’s on the market 😂
Many people do that indeed
Luxury cars mean luxury car costs and maintenance! Frankly luxury cars make more sense to lease than to own based on repair costs alone.
For many especially if it ties to business use that can be expensed
I change oil on my MB and Porsche at Valvoline quick lube, fix everything I can myself , or use my local mechanic shop … my maintenance cost is higher than regular cars , but far from luxuries… my Porsche had moisture in one headlight , dealer wanted $4500 to fix it … I took out the headlight , dried it out with a hair dryer, sealed it good with silicone , ordered new $100 ballast from Europe on eBay, and fixed it myself … headlight works like new , cost $105 … voila
The key to luxury vehicles is paying it off asap within warranty. $2k per year on tires is nothing if you no longer have to make $2k monthly payments. If you can't afford that then by all means get the Lexus or Toyota.
Luxury is all gimmicky to me, I just want light weight, high performance, sports handling, bucket seats, double wishbone suspension, but backup camera, touchscreen, parking sensors, push button start, and led headlights are good. Don't care about leather seats that age badly compared to fabric, heated seats/steering wheel, moving headlights, electronically controlled breaks, two mode oil pump, and so many other superfluous stuff. I never driven in a Lamborghini Countach, but I've heard you can hear so much mechanical sounds in the cabin, wheel sound, wind sound, it's all rather dramatic at low speeds, which I would rather take over a boring zero feeling luxury car.
I paid 1600 for 4 years of maintenance for my 2023 e class benz
Not bad
It is 2027 now
Other costs to consider are car washes/ general cosmetic upkeep and possibly added parking costs associated with the luxury lifestyle.
You are right and. Often elevated insurance costs
this is very good. I will ask my 17yrs old son to watch first. Then he can make a decision if S Class MB or BMW M3 is a good idea. :-)
What no dealer will ever tell you is the motto of the Automotive Sales World, which is,
"BIG CARS...BIG PROFITS" (Henry Ford).
But the real thing they think is, "There's a sucker walking through those doors every minute!". Buy what you NEED.
That’s true Don, always live within your means and margins are a lot higher in luxury vehicles that’s why Stellantis is pushing themselves as a “luxury brand”
@@ECPP 🎯
I need my S class and my Porsche , so there’s that
Exactly.. and thats the main reason I skipped buying a benz just a week back 10:32
That definitely makes sense
Now there is the Mercedes Benz you want to owe it is parking on the street at 2:42
Nice, yes it’s old school and long lasting diesel
Do not exceed 25% of your earnings to buy a car. Peanut shells are much more expensive than gasoline per energy that they contain.
I totally agree
Mark, Im surprised that you own a jag, with all the problems they come with,whats up with that?Thanks brother I love all your videos!
Can't deny it's fun
Good question! Thanks Wayne. My personal experience after having g many for long term loaners like the XE, XF, F pace and owning my F type R for 5 years I can attest that they are really no worse than competition from Merc, BMW, or Audi and better in some cases.
@@ECPPSame good experience here with my 2013 XF that I've owned since 2019 👌.
10 years ago Honda and Toyota oil changes were $100 now their $200 $250
Yes even those dealers are trying to squeeze more out of the consumer
Independent shops charge less than $50 for an oil change.
What about service cost on a second hand lexus rcf 3 years old at main dealer
Reasonable
Never take your luxury car too the dealer for maintenance,
They charge a lot of cash so if you can do a little DIY it can help or find a could trustworthy Indy.
I take my car to my favorite shop and they do everything to my car. They applaud 👏 me for taking care of my car, because the sooner you get your car to the shop, the cheaper it would be
That is awesome! Stay on top of issues and deal with them ASAP
10% a month? I think that % was years ago before the crazy price hike and insane apr.
Gotta pay to play!! Pay good to look good!! Its not cheaper to keep her? Lol I do my own maintenance. I have receipts and pictures as I go of the maintenance I do with miles etc. I also have oil analysis done from Blackstone Labs that tells the health of the internal of my engine.
That’s totally true
trying to impress people my spending hard earned money on a car is ludicrous ..it took me many years to realise this..
It has to work within your means
You are so right, after buying Benz and Porsche , I realized I need a Rolex
I spent my money on premium cars to treat myself, not to impress others.
@@zsb707 Low self esteem under cover of self treatment.
Wouldn't doing your own service to a certain degree save you cash? I do my own oil changes on my Frontier better then paying $120 for Nissan to do it. And I think if I had the cash I would never buy a sports car or a luxury car. I am tall and I can barely fit in a Corvette or a Camero. Plus I like reliability and saving costs. European cars look nice but I would never buy one.
You are right and that’s largely how I have been able to afford the cars that I have over the years and it’s by doing a bunch of my own maintenance, even on some higher end cars. It’s been built by a person, serviced by a person at the dealer, so I always say why not me?
Any C class Merc could not be regarded as luxury..unless compared to a Lada.
Haha ouch
............................... Hmmmmmmmm? gotta say it Truly is possible to own a Fast Economical LUXURY vehicle where Low Maintenance is next to nothing to Feed and Clothe & said Luxuary car is next to nothing. Enter the 450h+ "F" Sport!...Yep! Never buy gas but rather plug in to 120v for 49 miles per charge. (always having the option to buy gas However in this case REGULAR gas & get *89 miles per eMPG. Brakes are minimal wear because I coast & use regenerative brakes = mnimal wear on brakes.... Oil & Filter was $ 79.00 *** & Lexus dealership even filled my gas tank up Wow! Additionally I never fire the ICE except minimally to circulate fluids and then shut it down...RESULT Practically Brand New ICE under the hood. & a Very very quiet Electric vehicle around town.
My car is quick 0-60 5.5 Via Road and Track... However is a bit quicker 1st 1/2 block or so, because of high torq. Insurance is Not an added cost above a say Toyota.
Only service I do is wax / Polish with *** Polish Angel *** Z highest Gloss possible...Sooo, in general you are indeed correct however a LEXUS holds its Re-Sale very well, then add a LEXUS model that is rare and in very much IMO a Win win win!
Thanks for sharing and I agree, the more one can do themselves, the better the ownership experience can be
Comes with bank account draining technology.
Haha cheers
2400 a year for insurance on a sports car! You're getting a bargain. I pay 2800/ year on a perfect record on a minivan
Ouch
Why an annual oil service for Mercedes compared to Toyota $100 vs $500? Do they jump up and down on one leg and charge $400 more? Same oil?
It is because Euros & Korean Genesis & Jag..... have a *HUGE built-in ISSUE* ...that is: they build the vehicles to last 2 maybe three years and then the real money is made in their Service Departments...ever go to a cedes or beemer show room...Free coffee Free cookies while YOU WAIT long times....and they are stunning waiting rooms!
We have owned 7 Lexus. They serve that there as well. They used to serve fresh sandwiches before Covid! Still nice waiting area.
@@patrickchilds5486 Agreed however, Not Neatly the opulence! .....Lexus salesmen are clean yes However NOT in suit and Ties Standing around ...Kinda licking their chops.... Duh! someone is paying for those gorgeous show rooms....Guess Who?...Not me to be sure!
Mercedes requires synthetic oil, basic toyota or honda uses dino oil
@@YYZ-SRQ My Lexus REQUIRES SYNTHETIC & get this 0-to 16 weight......Simply shows how GREAT a LEXUS is when that model, is exclusively made in Japan .....Very small Tolerances require much better machining!
yeah sure as a luxury car ages especially one that unperformed in the market such as a Cadillac SRX it costs a lot to maintain but some are known for lasting forever if maintained properly hell there's famously a 1983 Lincoln town car with over 1.3 million miles on its odometer my dad drives a used 2011 Cadillac SRX premium Luxury 3.0 liter V6 until the later 1980s you never though of a Cadillac having a V6 engine option you generally though of a big Ol' small block 350 V8 or a big block 400 425 or 472 V8 or 500 Ci V8 depending on which car and model year you had my late maternal grandfather drove a 78 Sedan Deville when my parents started dating in 1982 and Grandma bought a used 1981 Coupe Deville in 1983 that she drove for 5 years I loved that car except getting burnt by or stuck to the leather Upholstery from late spring/early fall
Some very good points and much I would agree with.
You also get a luxury oil change !! Too. 10x ?
Just buy a Toyota or Honda without hybrid cvt or turbo and no all wheel drive and you will be just fine
Dude, you need to get some tips from Scottys channel. 😂
Thanks….like what?
Tacka vet jag min Suzuki grand vitara 2,5 v6 4x4 1999 som jag servar själv det tar max 30min kostar 30 dollar. 2 gånger per år.
Thank you for sharing
Nobody needs a luxury car. Luxury cars are wants.
Agreed
If you can barely afford to buy your dream car, you most likely can't afford to maintain it.
That’s quite true indeed
@@ECPP Only reason I haven't bought a Porsche yet, maybe one day...
I don't need a vehicle that goes 200mph
Very few places you can drive like that
My 1998 Corolla laughs with the word *luxury* . I do not care for luxury. I care for investment. Despeciation is a word I am in war with for life. Now, people see me in my 1998 Corolla and laugh? I DO NOT CARE. They are the ones with vast monthly payments, not me. They are the ones having to get a second job to afford the payment, not me. I am just a simple guy that invests. A simple guy that gets paid, not pays.
Why don’t you just eat ramen every day? Why are you buying more expensive food than ramen? Why don’t you live in the cheapest house in the worst area of town? Why are your shoes and shirts not the cheapest Walmart brand? I don’t get why people feel like they need to go cheap on their cars.
@@zfunk9 I do exactly that, I do not buy luxury, I live in a house built in the 60s that I own, no mortages and from 42 years old (now 55) I have quit the rat race all and for good. Although we do not have Walmarts in Greece I tend to buy domestic brands that are cheaper. And my car is not considered cheap by any means. It is consider payed off so more money goes toward investments, which I manage myself, so no commission for any third persons. And Greece is heaven for investments regarding tourism and accommodation. I wish you happiness in your life!
@@Kujokouklos That's a really long winded way of saying that you are currently saving up for a Ferrari for whoever gets your money when you die.
Once you drive a luxury car, expect to pay luxury tax. Way more, more, more than an average car.
Yes but one has to question the value proposition as many “non luxury” brands come with heated seats and steering wheel, sunroof, upgraded tech and more powerful engines so in some questions, why?
@@ECPP maybe we can consider these as features and tech that the consumers want. It’s not only features and tech that makes a luxury cars luxurious but also the quality materials used to build the car like genuine leather, fine wood, and more.
Can’t afford it? Don’t buy it. Really simple.
By the way my E class cost about 10,000 less than a stupid RAM truck so……..
I agree, gotta pay to play so a person should live within their means
Whats luxurious about unreliably?
Comfort is nice and ergonomics are usually a lot better
@@ECPP get a loaded Camry
@@ECPP Yes! today's Infotainment screens i.e. 14' Nav / Maps and all the Safety features ...to say nuttin of the HUD (heads up Display subtly in your face) ) has saved me more than once from backing into a shopping cart...Also w/ cross traffic alerts and Lane assist......Some are Nay sayers...FINE, however once you own theseon your Daily.....These features are TRULY worth it! IMO!
It’s a 💰 money 💰 pit
Some are but honestly even many non luxury cars can be these days. Look at the new Toyota 3.4L V6
Never buy..only LEASE... MONEY PITS😢
Lease is a big mo eh losing g proposition in ma y cases unless you can write off those against a business
People who truly can afford a luxury car don't mind the cost of the expensive maintenance. The one who complain about it are those who cannot TRULY afford it but pretending they can.
There is something to that, in most cases. Some of the richest people I know though believe in you become rich by saving and not spending
Even maintenance on Toyota is pricey now, might as well spend more and drive a Mercedes
I agree, everything is pricey these days
Many of the Mercedes are NOT Luxury Cars. The small C class are garbage to compete and take away Camry and Honda Accord sales. The MB cars are built so poorly and will bankrupt those who buy them. People always want to be what they are not. They end up like a fish on a hook.
Not true for most of them, but C class isn't good 👍🏻
That hurts….really hurts.
@@ECPP Ouch! last time I counted you had the "DREADED C" Lol! Really is not so bad and pretty...Alas do you still have the Porsche....& you mentioned you still have the JAG & oh & your Truck...& looks like you also have a Camary / Daily........Sooo do you still have the Porsche?
Been driving Mercedes for 40 years , from 1971 w116 to 2015 w222 , I’m yet to own a bad Mercedes … I also had 2019 GLC ( C class SUV) , and it was a great car , traded it for 2015 S550 …
Unless you're making millions of dollars a year, the best way to go is to lease these cars
Well….
Again, I've said it before most people can't afford wants, you can afford needs
Yes yes. Shiny new toys. Usually the old trusty has a lot more life in it
@@ECPP I always look forward to your informative videos
All these Rover cars are just a rob 🤣🤣🤣🤣shit cars with very hight cost
Tesla is the best.
Except for the Cybertruck. 🤣
@@KurtE71 Cybertruck looks very amazing
In what way?
@@ECPP Look, efficiency, technology.
Tesla is not a luxury brand.