If you’re planning to buy a luxury car, you may want to pause before wanting to own a BMW. The cost of having one has been the most expensive one in terms of maintenance.
The place where you live could also be a factor in determining the cost of maintenance for a luxury car. For instance, Porsche repair service in New York City might be cheaper than the same work for a BMW.
A study showed that a BMW car would require $17,800 of maintenance costs over a 10-year period. By contrast, a Lexus model would only cost $7,000 during the same time. Some BMW models could even be more expensive than others, such as the hybrid i8 sports vehicle. Despite the cost of ownership, the brand remains a popular choice for driving aficionados or those who want to look like one.
Some models don’t even have to be branded as a luxury or exotic vehicle. Take the Dodge Ram 3500, for instance. This car entails $1,244 of repair costs every year, which is more expensive than the repair bill for a Porsche Cayenne.
While many car owners would want a low-maintenance vehicle, some particularly choose a car for their fuel-efficiency. You should, however, be able to foresee if the gas savings would be more cost-efficient than paying for frequent repairs.
The Porsche 918 model is an example and it could run on 70 mpg, according to the company. Some simple services such as floor mat replacement could already cost below $600. On the other hand, the 2018 Porsche Macan is a good alternative for those who don’t want a fuel-hungry car.
While most of us may never own a luxury car, it doesn’t hurt to know just how much we’re saving from having a mid-range vehicle. If you can afford it, however, a well maintained Porsche or BMW would bring a sense of pride to any owner.