South Africans like their luxury vehicles. You know it. We know it.
For high-net-worth individuals, the reality of owning a fleet of high-end cars and SUVs isn’t some daydream. However, it’s also a real possibility for savvy shoppers who keep their eyes out for the best deals on the continent.
According to the South African Wealth Report by New World Wealth, a global market research group, the nation’s wealthy most often splurge on top-end vehicles from brands like: Porsche, Ferrari, Bentley, Rolls Royce, Aston Martin, Lamborghini, and Mclaren.
Purchasing such high-end vehicles is about more than four wheels and a machine designed to perfection, it’s about joining a society, about joining a club, about joining a select group of individuals in S.A.—in the world.
It should be no surprise that luxury SUVs, such as the Porsche Cayenne Turbo and the Range Rover 5.0L V8, are among the most popular purchases in S.A. Their high-road clearance, safety, and usefulness when the roads get bad or you want to take the family out on a game reserve, make them an ideal blend of utility and luxury in Africa.
Of course, if you’re cruising Joburg or Cape Town, you might not need the clearance offered by an SUV. Instead, you might find yourself opting for some of the other popular models, such as a Rolls-Royce Phantom, a Ferrari 458 Italia, or a Mercedes-Benz AMG SL.
Even if you have the cash on hand or the credit to drop 1 million or 1.5 million rand on your next vehicle—sports car or SUV—it doesn’t mean you need to.
New High-End Cars Coming to South Africa
With new cars coming onto the market it might be time to retire last years models. If you have the garage space, or if you’re a collector, you’ll probably want to cancel the car’s insurance and park it. However, if you’re looking to upgrade, it makes a lot more sense to register your car with Premium Mobility, allowing the high-end, luxury car experts match your vehicle with a buyer.
The top sexiest cars coming to South Africa’s shores this year are the Audi A7 Sportback, Rolls-Royce Phantom, Lexus LS, and Audi A8. The Audi A7 Sportback is sharper designed beauty boasting a new mild hybrid system.
The eighth-generation Rolls-Royce Phantom will be running on new aluminium “spaceframe” underpinnings and be powered by a 6,75-litre V12 engine, linked to a ZF-sourced eight-speed automatic transmission that now employs two turbochargers. The fifth-generation Lexus LS claims to have a 0-100 km/h time of 4.5 seconds, while the fourth-generation Audi A8 will be packing a lot of semi-autonomous technological features.
High-end Vehicles Are About More Than Luxury—They’re About Safety
Taking a premium approach to your safety and the safety of your family is worth the extra money. High-end cars are the only models created where no expense was spared, producing vehicles that excel both in terms of performance and safety.
They are created with robust chassis and expensive safety technology, as well as more research and development than the average person can even conceptualize. It should be no surprise to see the BMW 535 i, BMW 535 is, BMW 535xi, and Mercedes-Benz M-class SUV on the list of 11 car and SUV models in which no one died during a four-year period, according to CNN Money. Of course, in general, vehicles are becoming safer—and SUVs even more so.
“The reason a particular manufacturer will do well on a test is because of intent,” Raul Arbelaez, vice-president of vehicle research at the U.S. Insurance Institute for Highway, told The Globe And Mail. “From the beginning of the design process, these manufacturers are putting in the engineering resources to make sure they have the right structures, the right restraint systems to protect the occupants.”
High-end, Pre-owned Cars that Purr
Buying any vehicle from a stranger can be a crapshoot. Sometimes, they’re shooting straight. Sometimes, they’re trying to pull one over on you, which makes purchasing a high-end vehicle from a trusted source your best option.
Premium Mobility hand picks and pre-approves every single vehicle they sell, ensuring the cars and SUVs meet all requirements, standards, and laws. More importantly, they ensure you are completely satisfied with your purchase.
When you’re selecting a luxury, pre-owned vehicle valued between R500,000 and R1.2mn, you want to know exactly what you’re getting, which is why Premium Mobility guarantees that all vehicles sold through their site come with a warranty, have never been damaged in an accident, and include a full, verifiable service history.
Once you’re registered with the company, you can decide on all the details of exactly what you’re looking for, and they’ll keep an eye out for your next dream car.
Depreciation When New Cars Come
New cars are a bad investment. People often joke that your shiny new SUV loses half of its value during the first mile it rolls after leaving the lot. That is not the case with high-end, pre-owned vehicles.
Depreciation does hit hard and fast, but it plateaus quickly because of this. Often, when the first owner of a luxury vehicle is ready to trade up, they are not overly concerned with retaining the value of their original purchase. It’s not uncommon to see the price slashed by nearly 60 percent of what they paid for the vehicle. But, after that first steep dive, the price of the car will stabilize, assuming that it is well-maintained and doesn’t end up in a crash.
This means that a pre-owned, luxury car not only is a steal but that it’s an affordable investment.
High-end, Pre-owned Luxury Cars Offer Class and Value for South Africans
From safety to class and style, it’s no wonder that South Africa’s high-net-worth individuals are spending their extra cash on high-end, luxury vehicles. Many of these people are more than willing to pay top dollar for the newest models to reach the continent—which isn’t necessarily a bad thing.
However, that means the pre-owned market is ripe with beautiful luxury vehicles looking for a second owner to take them home. Look at what’s out there and make an affordable investment that can get you around.
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