If you have been laying your eyes on one of those shiny Mercedes or BMWs, you may be wondering if a luxury car could fit into your budget.
Turns out yes! Of late, these luxury car makers have introduced many feature-rich entry-level variants.
But it's not just the price that you should consider before choosing your first luxury car. There are many factors.
What do you want: Sedan, hatchback, SUV, or sports car
Considering luxury cars come in different shapes and sizes, it's always good to know your needs and wants, and if you want to drive the car yourself or be chauffeured around.
Depending on your family size, you could opt for a sedan, SUV, hatchback, or sports car. Then further narrow down your options based on driving capability and handling: front-wheel-drive, rear-wheel-drive, or all-wheel-drive.
Engine: Diesel, petrol, or hybrid?
Once you have decided on the kind of luxury car you want, consider the engine and fuel options. You can pick from petrol, diesel, hybrid, or pure electric powertrains. Each of these options has its own set of merits and demerits ranging from mileage to the cost of fuel.
You should also consider the type of transmission you want: Manual, Automatic, CVT, or DCT.
Interiors: Luxury cabin and hi-tech features
Depending on your budget, the car's cabin can differ - from nicely finished leather and wood interiors, to the latest electronic features, and the necessary safety features.
Things like automatic climate-control systems, ventilated as well as height-adjustable seats, touchscreen infotainment displays, a good sound system, and connected car features should also be considered as they help improve the entire feel of the car.
The final costs
Finally, you should have a clear picture of all the costs that come with owning a luxury car and not just the actual purchase price.
As with any car, you will have to pay for road tax and insurance, fuel consumption, as well as maintenance and repair costs.
But in the case of a luxury car, all these expenses will be much more.