April 23, 2023
Upgrade Your Lifestyle with Luxury Car Leasing
The Ultimate Guide for High-End Vehicles.
Leasing cars has made it so much easier for people to drive their dream car. Although it is cheaper to lease a luxury car instead of owning one, you should still look at comparing prices so that you get the best deal possible.
Every year newer car models are released which can make choosing your favourite car a little difficult with the many options to choose from.
However; If you are looking to compare prices of an Audi R8 for example, you can find this information here. Click on the learn more button and compare the lease price to other luxury car lease deals.
What Does The Term “luxury car” Mean Exactly?
Simply put, a luxury car is a vehicle that has all the extra features a standard car wouldn’t have. There are different features that can be considered a luxury to people, it all depends on what you are looking for.
Most commonly, a luxury vehicle is also known to have an all-wheel/four-wheel drive function.
These are some of the top features that can be found on a luxury car:
● Heated seats
Allowing for the seats to heat up to generate warmth when sitting in the car.
● Infotainment system
This is the media system that is found in the dashboard of the car and serves as an entertainment system as well as an informational system.
● Panoramic sunroof
A standard for most luxury cars and takes up almost all of the roof. This is a glass sunroof that allows for natural light to enter the car above all the seats.
● Massage function
Luxury cars also have the unique fancy feature of being massage chair especially suited to those that spend hours driving.
● Automatic transmission
Changing gears can become a tiring process, luxury cars give you the advantage of not having to change gears under normal driving conditions.
● Starlight roof
This is another unique feature of a luxury car where the car roof’s interior is lined with material and optic lights to make it look as though the night sky is inside your car.
● Scent system
With a built-in scent system, luxury cars always smell lovely.
The Best High-End Vehicles to Lease
Here is a list of the top luxurious vehicles that you can choose to lease when in the market to upgrade your lifestyle.
● Audi R8
The Audi R8 has the luxury features of all-wheel drive and has two seats which makes this a real fancy car.
● BMW 8 Series
This luxury vehicle has a rear-wheel drive feature and is classified as a subcompact car.
● Mercedes-Benz C-Class
A luxury car with a four-cylinder drive, and it also has rear axle steering.
● Range Rover
The unique features of the Range Rover includes driver assistance and automatic transmission.
● Bentley Bentayga
The Bentley Bentayga is built for comfort and aesthetics, with a four-wheel drive and mood lighting interior, this is luxury at its finest.
It also has a state-of-the-art infotainment system that allows for either android or apple car play. There is also a built-in Wi-Fi hotspot.
Another unique feature is a touchscreen that allows backseat passengers to adjust their seats, adjust the ventilation and set their heating settings.
● Volvo XC40
This luxury vehicle includes features such as a 8-speed shiftable automatic, and a four-wheel drive.
● Tesla Model 3
With an electric engine and a 1-speed direct drive, this tesla is top of the range for luxury.
Mistakes to Avoid When Looking to Lease a Luxury Vehicle
If you are a first-time lesee, here are some mistakes that you can avoid when looking to lease a luxury vehicle.
Always negotiate your lease agreement
These are some of the agreement sections that can be negotiated before signing the agreement.
● Disposition fee
This is the fee that covers the dealer’s cost for when you return the vehicle after your lease for sale.
● Mileage allowance
According to all lease agreements, there is a certain mileage limit for you to drive annually without incurring any extra fees, if you go over this limit by the end of the lease period you are liable to pay the excess.
● Gross capitalised cost
This is the vehicle’s sale price and will affect the amount you pay for the lease monthly as well as the buyout price once the lease is over.
● Money factor
This is the interest rate and adds to the amount you will pay the lease.
● Buyout price
This is the amount that you will pay should you decide to purchase the car after the lease period.
Don’t pay too much money upfront
Instead of paying huge amounts upfront to qualify for a low payment rate when you lease, it’s best to rather negotiate to work out a cheaper amount for the monthly payments.
Paying too much money ahead can be lost if you have an accident and the car is written off. The downpayment is non-refundable by insurance companies.
Don’t negotiate for a low mileage at the end of your lease period
You might think you aren’t going to drive as much or push up the mileage over the estimated lease agreement but that could be a huge underestimation on your end.
Rather negotiate for higher mileage so that you aren’t charged an extra fee when you go over the original mileage limit.
Always take gap insurance
The gap insurance refers to the difference between what you owe on your lease and the car’s value.
The insurance can cover the difference if you are involved in an accident before the lease is over.
Don’t lease a car for too long
Taking into consideration the car’s warranty which is standard by three years (a typical lease period) or 36 000 miles.
Leasing a car for longer than the lease period you may have to either take an extended warranty to cover any repairs and damages or you would have to pay for these expenses out of your own pocket if the car’s warranty expires.
Maintain the car
Aside from the warranty and the repairs and damages that it covers, you should maintain the car for anything that is not your standard wear and tear.
If you do not repair any damages that have resulted from you driving the car during the lease period, you will be charged for the repairs once the lease period ends and you return the vehicle.
Insurance needs lease- specific requirements
When you take out your insurance to cover your leased car, you should consider specific requirements that a lease agreement would need.
Your liabilities would need to be higher as you might have to pay for third-party payouts.
Using this guide can help you establish what a luxury car is, and which ones are good lease deals.
You can also use the tips on how to avoid some common mistakes people make when deciding to lease a luxury vehicle and end up costing them more than they had planned for.
Be sure to check comparison websites to find the perfect luxury car lease deal for you!