Thursday 19 October 2017

Strange findings: Buyers of luxury cars more concerned about costs

The Porsche AG Cayenne sport utility vehicle (SUV) displayed at the Porsche Centre Shanghai Minhang showroom in Shanghai.
The Porsche AG Cayenne sport utility vehicle (SUV) displayed at the Porsche Centre Shanghai Minhang showroom in Shanghai.
Eddie Cunningham

Eddie Cunningham

FUNNY how sometimes the more expensive the car the more economy conscious the drivers become.

New research shows that those thinking of buying a BMW X5, which starts from around €78,600 on the road here, were the most active in finding out what it would cost them to run. Not buy, mind you, but run.

That is what data shows from independent car information experts CAP Automotive.

In all, those looking to buy in January checked out the long-term ownership costs for 256 different models with its 'Cost of Motoring' tool during December.

The BMW X5 came out on top with 4pc of all queries.

Second was the far less costly and more practical Ford Fiesta with 3pc.

Yet there are several other luxury models high up on the research into running and ownership costs.

The Porsche Cayenne, BMW 5-Series and Lexus IS all appear in the top 10. That is quite a proportion considering there were 256 models researched during the month.

Another version of the Fiesta was in ninth place while the Volkswagen Golf was the third most researched.

Even the experts at the company were surprised. They did not expect imminent buyers of large 4x4s or luxury cars to be "as conscious of predicted long-term ownership costs as motorists on a smaller budget looking into more obviously economical cars".

They add: "The appearance of the Porsche Cayenne at number seven is much less expected."

Irish Independent

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