Rolls-Royce is a brand in class and style. We all love this brand. The Rolls-Royce Phantom is one such example and a symbol of luxury. For me, it’s a state-of-the-art luxury car that everyone dreams of having in their garage. In this post, I will tell you first about the Rolls-Royce Phantom price and then what other costs you will have to bear after you have purchased the car. At the end of this article, you will get vital information on the Rolls-Royce Phantom price and what you can do with it after that.
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What is the cost of a Rolls-Royce Phantom?
The Rolls-Royce Phantom is an expensive luxury car. The current and latest generation, which came out recently – its eighth generation – will set you back at least $450,000 even on the base model.
In fact, most of these will have you into $600,000 or even up in the hundreds. We can actually say the Rolls-Royce Phantom is one of the most expensive cars you can buy, and it is cheaper than some of the luxury homes.
Customization and Upgrades
An interesting idea of Phantom lies in the fact that a buyer has quite several options to choose from in the manufacturing process. This is a luxury car that, in fact, is built according to your liking, inside and out, as well as the color of the car and other aspects.
That is why it can be very helpful to try to estimate the influence of all these variants on the final price of the Rolls-Royce Phantom. Certain enhancements, for instance, a panoramic sunroof or a premium sound system, could bring the price up by just a few thousand dollars. Some of these can go for tens of thousands of dollars, for instance, a hand-painted design or a specific interior color combination.
Ownership Costs
However, there are other several costs associated with this luxury car that any buyer needs to incur apart from the initial cost of the car. One of the factors is the cost of fuel. The new Rolls-Royce Phantom is not a car that will be kind to your wallet as far as fuel consumption is concerned; it has an estimated fuel efficiency of 12/18 US mpg in the city/highway, respectively. This over the years can cause huge fuel costs, especially as the vehicle is relatively expensive.
To this, we can add maintenance and repairs as another cost associated with the project. The Rolls-Royce Phantom is an aspirational car with great features and superior quality components, along with the best technology available. This, in turn, implies that a car must, ideally, need fewer repairs and have longer durability than a typically conventional vehicle, whereas the cost of the repairs is also high. Furthermore, the maintenance cost for such an API-worthy car is relatively higher than a normal car meaning that recommended maintenance services could cost a few hundred or thousands of dollars.
Insurance
Insurance is another attribute that needs to be embraced when discussing the price of the Phantom. Consequently, the general insurance price tag associated with the Rolls-Royce Phantom is somewhat high because the price of the car makes it range among the luxury vehicles. In some instances, insurance for this vehicle will cost more than $3000 a year, making it an added expense towards the entire cost of the vehicle.
Taxes and Registration
Besides, the Rolls-Royce Phantom price depends on the country that you live in, where tax and registration fees vary. This will cost different amounts in different states, and in some states, it is possible for taxes alone to add tens of thousands more to the car’s cost. Furthermore, the charges of registering cars like this one exceed the industry mean charges.
Conclusion
For example, you can take, for instance, the Rolls-Royce Phantom, which is one of the best cars that can define this luxury, class, and power in one car. It may be difficult to pay $450,000 for the start, but later, adding taxes, registration, fuel costs, service, and insurance fees makes it much more expensive.
Anyone considering purchasing a Phantom needs to estimate all these costs and compare them against their cash flow to ensure they are not just suffering from the luxury car bug but that they have the money to take care of it. So to put it all together, this luxury masterpiece may be everyone’s dream car, but one needs to be very informed on the total cost implications of having it before one goes ahead to make it one’s own.
