Well-off people normally have more than one car. They have cars for work and they have cars for special occasions. The special occasion cars are usually luxury cars that cost several times as much as a regular sedan car for sale. The question is should you be buying luxury cars at all?

Some people prefer luxury cars for sale over a sedan car. And there are simply too many cars in the market claiming to be one even if they are short on certain features. So before you fall for these claims hook, line, and sinker, it is best that you know what a luxury vehicle really is and what is not.

Leather seats and an exceptional stereo system don’t make a car a luxury vehicle. Keep in mind that luxury cars are not built overnight. More than the make and model of the car, these vehicles require years of planning and design. And so the companies that are worthy to release luxury cars are only those who have been in the automotive industry for a long time. It would be an added plus it they have already proven their worth in that particular line.

Lexus cars for sale and Rolls Royce are good examples of luxury cars. But before you go ahead and purchase these vehicles, you’ve got to ask yourself if you can afford it. If you can’t, would you settle for a second-hand? Luxury car manufacturers imply that if you’re asking for the price of a luxury vehicle prior to buying it, chances are, you can’t afford it. So unless you can go up to a million on one luxury car, it is not worth asking whether or not you should buy one or not.

Why do you have to buy a luxury car in the first place? This is the most important question of all. Would like to buy one because you want to look better off among your friends and colleagues? Would you like to impress somebody? Or do you simply like to own one, park it around the house, and pull it off the garage whenever you want to arrive in style at some place? While these are all good reasons to buy luxury cars, they are not sufficient enough to justify the price of these vehicles. Even if you’re buying a second-hand, it is still advisable that you go for a brand new sedan that performs better than a run-down BMW.

Luxury cars are expensive because they have lots of extras. For one thing, driving these cars is a lot more comfortable than driving anything else. The cabin is very comfortable and it is a quiet ride all the time. You’ll never hear the noise of the engine as you drive it. Also, the body of the car is impeccable. No flaws or inferior materials used whatsoever. Luxury cars are cars made for the king. And that’s why they’re priced for the king too.

Maintaining such cars can be a pain in the pocket as well. This is yet another point to consider when buying luxury cars. Are you prepared to buy twice as much gas? Would you have the time and the means to leave the car at an expensive car care center for regular checkups? Keep in mind that your cash out would not be over after the purchase the car. Expect to spend more as you go along.

Luxury car leasing is different :It’s not that luxury cars for sale are more expensive, or that the leasing process is different, but because the consumer doing the leasing is typically different.

Luxury car consumer :
High-end automotive consumers have different priorities, different values, bigger bank accounts, and prefer to transact business differently than people acquiring less expensive vehicles. They have a tendency to lease rather than buy. “High-line” vehicles are leased at the rate of 50% - 70%, depending on brand, compared to only 20% - 30% for non-luxury models.

Luxury auto consumers tend to value time, efficiency, quality of service, and business relationship when dealing with financing. Spending a great deal of time shopping and haggling for bargain deals is less important that establishing a relationship with a company they can trust and depend on to genuinely look out for their interests. High-end customrs tend to be more loyal to a brand and a dealership over a long period of time.

Luxury automobiles make the best lease values, dollar for dollar, due to high lease-end residual values relative to MSRP. In fact, luxury vehicles, as a category, are leased significantly more often than vehicles in any other category. The best lease deals are for Lexus car, Mercedes car, Porsche car, Land Rover car, and BMW car, with the highest future resale values, or residual values, relative to their original cost. A high residual value creates a low monthly lease payment.

In fact, a better lease deal can often be obtained by leasing a high-residual luxury car than by leasing a car with a lower residual value, even though the price of the luxury car is the same or greater. This is the reason smart automotive consumers tend to lease a luxury vehicle. Being smart about money is a typical characteristic of high-end car leasers. High-line leasing consumers are not trying to save a few bucks — they have the money to buy the car they want. They simply know that it’s not smart to put money into depreciating assets (automobiles) when that money could be used for more productive purposes.

Independent lease companies and luxury cars :
More than 20% of luxury automobile consumers finance their loans and leases outside of car dealerships. Independent lease companies such as Primelease can, in most cases, beat luxury car dealers on prices and lease rates because high-end manufacturers don’t subsidize deals and offer incentives nearly to the extent that low-mid-range vehicle manufacturers do. Furthermore, luxury car dealers don’t like to be viewed as “discounters.”

Finance companies who lease luxury cars typically require their clients to have “prime” credit ratings. Lower credit scores can mean higher lease rates, large down payments, and security deposits — and possibly higher insurance rates. For high-line vehicle leases an independent lease company can be more flexible and responsive to customers’ needs than dealers, who are restrained by car manufacturers’ rules. For example, when new models come out and are limited in dealers’ inventories, independent lease companies can search the entire country for the exact car you want.

Benefits of leasing luxury cars :
People who lease high-line cars like the convenience of a quick easy business transaction, like having a new style car every two or three years, like avoiding maintenace and repair headaches, and like avoiding disposing of used cars. They also like the option of minimizing cash outlay.

In summary, luxury car leasing is different, the people who lease luxury cars are different, and the companies who lease luxury cars are different.

Starting today the luxury cars market can count another item, as Hyundai’s new sedan, called Genesis, seems to be ready to face older, powerful rival brands such as BMW or Lexus and others.

Taking into account that Genesis will be the South Korean car maker’s first luxury car lineup, it appears that Hyundai wants to mark a real second “genesis” through this new smart car.

Hyundai announced that it would launch Genesis in South Korean on Tuesday and in the United States in June 2008. The South Korean car maker seems brave enough to push forward this $30,000-plus sedan model into the crowded field of luxury cars market, where quality is a must and image matters the most.

Although it is obvious that common people will never even dare to compare a BMW to a Hyundai model, Hyundai Motor Co. has high hopes for the future. By volume, the company represents the world’s No. 6 car maker, including its Kia subsidiary.

Hyundai said that it would try to convince people to buy its brand new Genesis model by touting that its performance is comparable to German luxury brands; on the other hand, Genesis’ price is lower. Although it hasn’t been yet set, the car’s price is expected to start in the low of $30,000 range, which is indeed lower than BMW AG 3-series sedan’s prices, for example.