The demand for luxury items has been on the rise in recent times. The reasons behind this growth have been a recurring topic of discussion amongst business analysts, with different presumed reasons proposed continuously. While some claim it’s because people perceived non-luxury items as inferior simply because of non-luxury, others claim it’s because of consumers’ irrationality. Some significant others presume that growth is purely based on impulse buying promoted by the internet.
Amongst the wide range of items, people spend outrageously on is cars. Individuals believe that having a specific kind of car will go a long way in developing their self-esteem and sense of belonging. This buying luxury car started the automobile industry itself when the wealthy frequently invested in manufacturing specific car models to gain social prestige.
A survey on some list of car finance company reviews shows that not so many consumers who buy some luxury cars are in an excellent financial position to afford them. Why then purchase a luxury car when you can smoothly go for their cheaper range of vehicles? Many companies that produce luxury cars also have affordable lines. Some of these companies include;
Honda and Acura
Acura is a luxury car and SUV brand under Honda. It is known for offering several high-tech interior features and sporty performance and can compete with Lexus, Infiniti, and BMW models. The Japanese carmaker launched the Acura in 1986 to meet up with the growing demand for luxury cars. The two models initially launched was the Integra and Legend, with the Legend being the first Honda’s vehicle to employ the V-6.
Fiat Chrysler and Alfa Romeo
The Alfa Romeo is one of the various unique brands under the Fiat Chrysler automobile. This product line is the luxury division for Fiat Chrysler, which has been in existence for over 30 years. Alfa Romeo has proven over time that they mean business when it comes to being portrayed as a traditional Italian luxury brand. Other automobile brands under the Fiat Chrysler automobile include jeep, Lancia, Maserati, Fiat Professional, and Ram Trucks. Ferrari was taken off from the group in 2016.
Audi and Volkswagen
Audi is one of the automobile brands under the Volkswagen group and is continuously known for manufacturing luxury cars. The brand has a reputation for beautiful interiors, sleek styling, and four-wheel-drive technology. Since Volkswagen took over Audi in 1965, it has gotten known to provide a range of KO supercars and regularly steals attention.
Genesis and Hyundai
Genesis is the new Hyundai’s luxury division. This product line began as a single model vehicle Hyundai unveiled in early 2008, which got widespread accolades. In late 2015 the Korean automaker announced Genesis as a separate luxury brand up scaling spinoff. The line is ambitiously aimed to battle the likes of Lexus, BMW, and Mercedes-Benz.
Infiniti and Nissan
Nissan makes Infiniti vehicles as their luxury brand. The Japanese automaker launched Infiniti in 1989 with two cars, the M30 coupe and Q45 sedan, and a few dozen dealerships. Some of Infiniti’s vehicles get based on Nissan’s line up; however, they are heavily reinvented to have many more luxury features. Infiniti today has a vast collection of cars and SUVs under Q and QX designations.
Lexus and Toyota
The Lexus range of vehicles is Toyota’s luxury brand. Although in many ways, the vehicle luxury brand operates independently from its mother company. The Japanese automaker launched Lexus in 1989 after researching the wealthy’s lifestyle and taste. With a fantastic lineup of sedans, coupes, and SUVs today, Lexus rivals Mercedes-Benz and BMW for top sales popularity among luxury brands.
Owning a luxury range of automobile can be an individual’s life long dreams worthy of being achieved. While it is incredible to always aim for something big, it would be irrational not to think about future implications. Many individuals get noticed to plunge themselves into a series of debts basically because they tried to live way beyond their means. Getting that luxury car brand is a fantastic idea, but getting an affordable automobile is not bad. Looking to compare cheap cars, Britainreviews.co.uk and other review websites can help provide the necessary insights.