What Luxury Cars Are Cheapest To Maintain
This article will discuss exactly what luxury cars are cheapest to service and maintain, so if you’re going to spend $100K on a car it’s important you get it maintained and serviced to the best of its ability, right?
But that still leaves a big question unanswered.
How much are these cars actually worth?
Let’s dig in.
First and foremost, let’s establish what a luxury car actually is.
What is a luxury car?
It’s not a $20,000 beat-up 1990 Toyota Corolla. It’s not a barely used $4,000 Toyota Corolla.
A luxury car is defined by BMW as a “very special car that offers unique features.”
What do they mean by “unique features”?
Let’s take a look.
The internal combustion engine (ICE) is a car’s heart and soul.
Not only does the ICE provide the power that keeps the wheels turning, it also controls and monitors the entire car’s operation.
If your engine goes out, so does the rest of the car.
It sounds like a lot of trouble to fix a car, but it is very common. This is why it’s very important to get your car serviced at least once a year.
Covers and brakes
All aspects of the car’s suspension, body, and electrical systems have to function correctly for it to function. If these parts aren’t tuned correctly, they’ll fail over time.
Covers are there to protect and cover mechanical parts. They are essentially glue.
Brakes provide extra braking power and can fail from all sorts of things.
Inspecting the underside of the car, checking fluids, and inspecting tires are all common procedures when checking under a car.
Let’s return to BMW and its definition of a luxury car.
BMW classifies its cars according to the number of custom or “premium” features they have. For example, the BMW 750iL is not just a BMW, it is a luxury car.
The 750iL comes standard with many extra features, including the following:
- LED headlights
- Aluminum interior trim
- Heated & cooled front seats
- Dual-zone climate control
- AM/FM CD player
- 7-speed Automatic Transmission
- Leather & leather-wrapped steering wheel
- Optima Battery Plan
- Mileage plan
Our ranking is based on the total cost to service the car.
That means to replace just the parts listed below, we’ll need to spend roughly $10,000:
Those are the ten most expensive, most premium features you can get in a new car.
They account for $9,300 of the list, or 72% of the total.
Now, let’s look at the remaining items.
Here are the ten least expensive components of a luxury car to maintain:
Those ten items account for only $1,100 of the total, or 24% of the total.
So, essentially what we are looking at is a huge breakdown between the most and least expensive things you can get in a luxury car.
In other words, the least expensive items you can get in a luxury car are relatively cheap, while the most expensive are very expensive.
Resale value is arguably the most important factor when it comes to determining how much something is worth.
Here’s what the data looks like for the ten least expensive, most premium features in a luxury car.
The average list price in 2016 is $39,187 for a BMW 750iL.
The average list price for a 650iL is $45,926.
This means the cars are worth the money.
After we bought this silver BMW 6 Series coupe in the UK last week, we found out that it had a $10,000 repair bill.
Wow. $10,000 for an oil change.
The most important thing to consider when buying a car is the resale value.
Resale value has a huge impact on your budget.
How much you’ll pay for the car matters a lot, because you can’t resell it.
Here’s what we did next
We called a BMW dealership that specializes in the 6 Series. They’ve got a lot of experience dealing with BMW service and repair bills.
They told us that the BMW company is constantly changing its list of features for its models, so that’s why it can be confusing for some buyers.
What did they say?
Here’s what they said:
- “It’s all up to the company”
- “They always do what makes the most money for them”
- “The longer the list is, the more stuff they want”
What you get with the basic BMW 3 Series coupe will be almost identical to the more expensive BMW 7 Series, but there will be other options that BMW is unlikely to sell.
For example, the BMW 3 Series coupe is available with an optional M Sport package, which includes a sport-tuned suspension, a black exterior package, black and gold 20-inch wheels, black door mirrors, and black brake calipers.
Let’s call this option what it is, a luxury option.