Have you always assumed that owning a luxury vehicle is out of your reach? It’s time to reconsider luxury cars. While they do come with premium features and premium price tags, a luxury vehicle might not be as unattainable as you think. It’s possible to not only find deals on luxury models, but to also save significantly. The key is to shop right now – while sales are slow and few people are spending money on luxury cars. Search online today, and you can find the latest offers and prices on luxury vehicles of all kinds.
The key to finding affordable luxury vehicles is doing your research. If you know where to look for deals and offers, you can compare prices to get the biggest savings possible on top-of-the-line models. But in order to save money, you’ll need to search online for current incentives and deals.
Here’s why buying a luxury vehicle might be a smart move – one that doesn’t cost you as much as you think.
Luxury Cars Provide Great Bang for Your Buck
So many people assume that luxury vehicles are filled with over-the-top luxuries that aren’t necessary in a car. After all, luxury cars include everything from the best interior comforts like leather seats and dual climate control zones to high-tech features like automated driving capabilities, rear-view cameras, and adaptive cruise control.
But luxury vehicles actually offer a whole lot of value for their prices. Yes, they’re more expensive – but they include much, much more than your average car. Luxury models are built with extra perks and privileges. And all of that luxury can offer drivers increased comfort, performance, safety, and technology.
And getting behind the wheel of a luxury vehicle can really make a difference. You’ll get strong performance when you step up from a basic car or SUV into a luxury model. According to Consumer Reports, luxury cars tend to do well across the board when it comes to performance.
That means you can get a whole lot of value when you spend money on a luxury vehicle.
Luxury Vehicles Are Seeing Slow Sales Right Now
If the sheer amount of luxury benefits don’t convince you that a luxury vehicle is worth buying, current changes in the auto market will.
Right now, there’s quite a bit of turbulence in the auto industry. As increasingly more people stay home – and work from home – the demand for new cars is falling. And luxury auto companies are still producing new models, bringing them onto dealership lots in hopes of enticing buyers.
But the longer these vehicles sit unsold, the more likely a luxury dealership is to offer discounts, incentives, and special offers. Each month, dealerships need to hit car sales quotas of about eight to 12 vehicles per salesperson per month. If sales aren’t happening, offers and discounts will grow more and more to incentivize buyers.
In an effort to attract buyers, luxury auto brands are offering a wealth of incentives right now. And these incentives could save you money on the overall cost of a new luxury car or interest over time. For example, Audi is offering 0 percent financing for 36 months for qualified buyers who purchase 2020 models. BMW has a similar offer that includes a huge amount of cash back – you can get 0 percent interest for 60 months plus up to $7,500 cash back if you buy the 2020 BMW i3. You can also get up to $3,000 cash back on other 2020 BMW models like the X1, X3, and X5.
Leasing is another way to save on a new luxury car. You can pay a small amount each month and get luxury for less. For example, you can lease the all-new 2021 Acura TLX for just $399 per month for 36 months with $3,999 down. The 2020 Cadillac XT5 is available for $359 per month for 39 months with $4,159 down. The 2021 Volvo XC40 is even cheaper – it’s $335 per month for 36 months with $3,835 down.
Search Online to See the Latest Luxury Deals
Luxury vehicles have a lot to offer, and there’s a reason they’re so highly sought after. A luxury car elevates your driving experience and gives you top-of-the-line features even in base models. And while luxury cars do tend to have higher prices, they can see deep discounts.
Right now is a great time to look for discounts and deals on luxury cars of all kinds. Whether you’re interested in leasing a new luxury vehicle or want to buy one outright, there are deals to be found. The best way to see what kinds of offers exist is to search online.
Search for luxury vehicle offers online, and compare what you find from different dealerships in your area. Consider cash back offers, zero or low financing offers, and bonus cash deals. You can also search for add-ons at a discount, like trim levels or optional packages. Then, you can take that information and negotiate a price that works for you with a local dealership.