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There are, of course, many different reasons why someone may, or may not, decide to take out a car finance deal. And there are a lot of people doing it — according to data from Statista, in the 12 months up to September 2021, more than two million cars were bought on finance by consumers. Most of those vehicles — some 1.34 million — were used cars, with new cars making up the rest of the total.

Those statistics should give you pause for thought. Why? Well, with numbers like that, it’s unlikely that the only people purchasing a car on finance are those who are seriously cash-strapped, and simply looking to buy a humble city runabout.

The fact is, people from all walks of life buy cars on finance, and this is reflected in the sheer variety of motor vehicles that tend to be purchased in this way. You only need to look at our own vehicle stock at any one time, for instance, to see that we offer not just budget vehicles on finance, but also the likes of sought-after SUVs, executive and performance cars from prestigious marques such as Jaguar, BMW, and Mercedes-Benz.

In short, then, yes, you can definitely get a luxury car on finance! But the next question this raises is, why would you wish to do so? This is where things get particularly interesting.

With the right car finance deal, you can go up in the world

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There are numerous well-documented benefits of buying a car on finance, and to appreciate those benefits, it’s best to consider it alongside the obvious alternative: purchasing the car in question with whatever cash you happen to have already sitting in your bank account.

And sure, a lot of people who buy luxury cars might already have enough money to purchase the opulent executive saloon, or even sleek and sporty coupe, that they have in mind.

But much of the attraction of buying a luxury car in the first place, is the notion that you aren’t compromising: you’re buying a car that has a formidable specification, and that might represent the last word in sophistication, comfort, and opulence — at least compared to any vehicle you have driven in the past.

Indeed, if you are reading this, it may be because you’ve recently had a pay rise, or perhaps benefitted from another windfall, and you really fancy treating yourself with the next car that you buy.

And that’s where car finance can really make sense. By spreading the cost of your new car over a longer period of time than would be the case if you just bought it with the total amount of cash upfront, you could potentially afford an even more impressive model than might have been possible otherwise.

Who, after all, wants a merely mid-range BMW or Mercedes, if they can have the range-topping version of the same car? As long as other aspects of the finance agreement — such as the size of the deposit and the exact level of repayments for the rest of the loan term — are well-suited to your needs, buying a luxury car on finance could be a very alluring prospect indeed.

But there’s still a lot to think about when buying a luxury car on finance

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Image: Harrison Haines/Pexels

Now, this is the point at which we need to sound a note of caution. Yes, buying your next luxury car on finance could well enable you to get behind the wheel of a vehicle that you might have previously considered beyond your financial reach.

And there are other potential benefits of agreeing to a car finance deal — for example, the chance to switch to another car, on another deal, once the original loan term comes to an end. That could mean you’re always driving a vehicle incorporating many of the most recent luxuries and ‘extras’.

But taking out a car finance deal is still a major commitment, and a serious responsibility. And it definitely isn’t in our own interests at Car Finance Genie (or in yours!), for us to provide you with a car finance agreement that you might struggle to repay over time.

So, it’s crucial to swot up on such matters as the differences between the key types of car finance deal, while considering what would be a realistically priced deal for you. Indeed, we have an online car finance calculator available that can help you to clearly see what you can afford.

Car Finance Genie can

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By: Joseph Low
Title: Can You Get Luxury Cars on Car Finance?
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Published Date: Fri, 25 Mar 2022 01:06:01 +0000

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2024 Rodeo Drive Concours d’Elegance Preview

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The 29th annual Rodeo Drive Concours d’Elegance, powered by O’Gara Coach, will bring a full day of free family fun to Beverly Hills on Sunday, June 16. This year’s Father’s Day car show will feature 100 rare and iconic vehicles, great food and plenty of entertainment. The Rodeo Drive Concours d’Elegance, which will take place between Wilshire Boulevard and Santa Monica Boulevard from 10 a.m.-4 p.m., is one of the area’s most beloved annual events. Here’s a glimpse at what you can expect to see on California’s most iconic street:

 Ted Seven aka Ted7

Show-stopping cars

This year’s event will host a special celebration of hypercars, supercars, race cars, classics and custom-built showstoppers. Provided by exclusive private collections, passionate car enthusiasts and even some of the world’s most recognized manufacturers, this has become one of the country’s preeminent luxury car shows.


Rodeo Drive Concours d’Elegance Chairman Bruce Meyer, Beverly Hills Mayor Lester Friedman, Rodeo Drive Committee President Kay Monica Rose and renowned car buff Jay Leno will present trophies to 12 award-winning entrants—from “Most Elegant” to “Best in Show”—on the main stage starting at noon.

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By: Rex McAfee
Title: 2024 Rodeo Drive Concours d’Elegance Preview
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Published Date: Mon, 10 Jun 2024 17:10:18 +0000

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Speed Read: A garage-built Ducati 996 café racer and more

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The latest café racers, flat trackers, and electric scooters.
We kick things off with a feel-good story of a botched Ducati 996 custom job, rescued by a talented garage builder. Then we look at a dazzling Yamaha SR500 flat tracker from 20-year-old Moritz Bree, a dustbin-faired Honda Dax from K-Speed, and a BMW CE 04 scooter from Deus ex Machina.

Ducati 996 café racer by Jaron Hall
Ducati 996 by Jaron Hall Most people would balk at the idea of customizing a Ducati 996, but Utah-based garage builder Jaron Hall’s work on this 996 is nothing short of noble. That’s because when Jaron got his hands on the 996, it was in dire need of saving.

The Ducati’s previous owner had tried to turn it into a scrambler, so it came to Jaron with no fairings, a hacked subframe, and a smorgasbord of sketchy parts. Working after hours (he has a marketing day job), and taking on the entire build solo, Jaron turned the mongrel 996 into a high-class Italian café racer.

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By: Wesley Reyneke
Title: Speed Read: A garage-built Ducati 996 café racer and more
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Published Date: Sun, 16 Jun 2024 20:50:06 +0000

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Rolls-Royce ‘Models of the Marque’: the 1910s

Rolls Royce Silver Ghost 04

Of all the famous nameplates borne by Rolls-Royce motor cars since 1904, few are as celebrated, significant, evocative and enduring as the ‘Silver Ghost’. Formally launched in 1906 as the 40/50 H.P., it was the first model to be awarded the soubriquet of ‘the best car in the world’ that Rolls-Royce retains to this day, setting unmatchable standards for performance and reliability, proven in the era’s toughest road trials. It was also a stupendous commercial success, with almost 8,000 examples built in the UK and US over an 18-year period – an unimaginable product lifespan in the modern age. That so many Silver Ghosts still survive in full working order – and, indeed, regularly perform the same feats they achieved more than a century ago – is a lasting monument to Henry Royce’s engineering genius.

Early beginnings

By 1906, just three years after its foundation, Rolls-Royce was already something of a victim of its own success. Demand for its motor cars was such that its line-up had quickly expanded from the original twin-cylinder 10 H.P. to include three-cylinder 15 H.P., four-cylinder 20 H.P. and six-cylinder 30 H.P. models. Henry Royce had even produced the first ever V8 passenger motor car, known as the ‘Lega limit’ since the 3.5-litre engine was governed to keep it below the 20mph speed limit then in force in Britain – only three of these were ever made, and it remains the only Rolls-Royce model of which no examples survive. This proliferation of models reflected a trend across the luxury automotive sector, as competing manufacturers chased an ever more finely segmented client base.

However, for Rolls-Royce, it caused major manufacturing headaches, since many parts were not interchangeable between models. The problem was compounded by Henry Royce’s entirely laudable policy of continuous improvement; his constant adjustments and refinements went all the way down to the smallest components. This created variations between – and even within – production series, to the extent that often only a handful of individual motor cars would be entirely identical.

Simplify Production

As with almost any manufacturing process, more complexity and variability meant increased costs. This was anathema to the highly astute, commercially driven Managing Director, Claude Johnson. Having decided radical change was needed, he proposed the marque should focus all its energies on producing just one model. Charles Rolls enthusiastically agreed, but insisted it should be positioned at the top end of the market, where Rolls-Royce was already gaining a reputation as the very best motor car available. Though a ruthless perfectionist and tireless innovator, Royce was also a pragmatist. He saw the logic of his colleagues’ single-model approach and duly produced a completely new motor car, the 40/50 H.P.

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By: Rex McAfee
Title: Rolls-Royce ‘Models of the Marque’: the 1910s
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Published Date: Wed, 12 Jun 2024 23:23:29 +0000

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