BUYING A ROLLS-ROYCE
Current market
Ultimate luxury
Choice has never been a term extensively employed in the realm of Rolls-Royce. Historically, the company has adhered to a principal of quality over quantity opting to release products very sparingly. Even in their present day, the company still adheres to this structure only featuring 4 unique cars in their lineup at the moment.
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Seen a the epitome of class and luxury, Rolls-Royce have always been the most premium product money can buy. The existing Lineup consists of the Phantom, Spectre, Ghost and Cullinan with all models having extended versions. Rolls-Royce is not reported to be working on any new products as of yet, however custom variations of all cars are always available for those with a larger budget.
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Even the more contemporary and less coverted vehicles that sustained the brand during challenging periods have experienced an unexpected resurgence, buoyed by their relatiuve scarcity and prestige associated with the brand. Furthermore, the enduring association with class and luxury continues to elevate the historical and current offerings of Rolls-Royce in popular culture, which ultimately has a positive impact on their residual values.
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Is a Rolls-Royce a good investment?
Unless you are considering a limited edition model or a collectors Rolls-Royce like the Phanton Serenity or the Phantom dragon edition, it is wise not advised to view their lineup as an investment opportunity. These vehicles are meant to be experienced and enjoyed.
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This is due to the fact that typically, those who want to purchase a Rolls-Royce can usually afford to buy a brand new one, so the second hand Rolls-Royce market isn't too big, meaning there isn't a very high demand for second hand Rolls-Royce vehicles.
How much to spend?
Rolls-Royce is widely recognized as the global leader in the realm of ultra-luxury automobiles. Leveraging its rich heritage, Rolls-Royce meticulously crafts and designs vehicles that cater to the aristocracy, whether they be traditional landed gentry or the newly affluent from the entertainment industry. These vehicles are characterized by their grand proportions, exquisite interiors, and exceptional driving experiences. Rolls-Royce cars and SUVs are unparalleled in terms of comfort and are considered some of the most opulent vehicles available for purchase. It is worth noting that the pricing for Rolls-Royce models tends to be on the higher end. If you are curious about the cost of owning a Rolls-Royce and wish to have the privilege of admiring the iconic Spirit of Ecstasy in your own garage, the details can be found further on.
Finance options
The best way to finance a Rolls-Royce
There are several financing options available to help you acquire a new or pre-owned Rolls-Royce.
One such option is hire purchase, which allows you to make monthly payments towards the car and provides the opportunity to buy the vehicle outright at the end of a fixed-term contract.
Next there is Personal Contract Purchase (PCP) which allows you to keep, exchange or return the vehicle at the end of the agreement. This product is the most flexible form of car finance.
Once obtained, refinance is always an option. Refinance is a form of equity release that unlocks cash from your vehicle. The released funds can be used for whatever purpose you wish.
THINGS TO CONSIDER:
1. OWNING A ROLLS-ROYCE
With the list price for a Rolls-Royce Cullinan coming with a significant price tag with exceeding £265,000, Rolls-Royce ownership is not for the feint of heart. It is worth noting that this level of high-end luxury car tends to retain its value well, with minimal depreciation in the first few years. While it is possible to find used cars at a lower price, they are often in high demand and change hands frequently. In the classic car market, prices are generally on the rise in certain areas, making it less forgiving for potential buyers. Bargain opportunities are becoming increasingly rare, and it is anticipated that prices may stabilize or even decrease in the coming years.
2. MAINTENANCE/INSURANCE/ADDITIONAL COSTS
The cost of insurance and maintenance for a modern Rolls-Royce will inevitably be high, as will the expenses associated with consumables such as fuel, tires, and brake pads. However, the overall expenditure should not exceed that of other high-end luxury cars, depending on your driving habits. When it comes to classic Rolls-Royce vehicles, their engines are remarkably durable, reflecting their meticulous engineering and attention to detail, despite being relatively intricate and requiring specialized care. Nevertheless, replacement parts can be expensive, and the expertise of specialised labor will always come at a premium cost.
3.WHAT TO LOOK FOR
It is advisable for any high-end luxury vehicle to possess a thorough service history from a main dealer or an approved specialist. Neglecting regular maintenance can potentially result in substantial repair expenses.
BEST BUYS
Rolls-Royce Cullinan
Performance and luxury
Peak performance
According to Rolls-Royce, the Cullinan represents the epitome of freedom. This luxury SUV marks a significant milestone as Rolls-Royce's first venture into off-road travel, bringing the world of opulence to new terrains. Named after the renowned Cullinan diamond, this vehicle embodies Rolls-Royce's unwavering dedication to meticulous craftsmanship, premium materials, sophistication, and unparalleled comfort. While the Cullinan offers a slightly elevated ride compared to the Phantom or Ghost, it maintains the unmistakable essence of a Rolls-Royce.
Rolls-Royce Spectre
The electric Rolls-Royce
Eco Performance
The Spectre, Rolls-Royce's inaugural electric vehicle, represents the pinnacle of luxury, opulence, advanced technology, and unquestionable comfort. As the first electric car manufactured by Rolls-Royce, it pays homage to its predecessor, the Phantom Coupe, while embodying a new era of electric luxury. In essence, the Spectre has the potential to be the most extravagant electric vehicle ever crafted.
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In their own words the Spectre is “A PROPHECY FULFILLED SPIRIT ELECTRIFIED”.
