‘Expensive’ is not the word you will find in the dictionary of wealthy folks. For those who are looking to dip into the world of ultra expensive cars, a million doesn’t go as far as it used to. It might be too much of a surprise for some people that expensive cars are expensive to repair too. A luxury car doesn’t only bring honor and style to the owner but also the repair bills in thousands of dollars to fix damage done by slight fender benders. A recent survey by the Insurance Institute for Highway Safety (IIHS) has promulgated the fact that the repair bills could be as high as $14,000 in case of some luxury vehicles involved in low-speed crashes of 3 to 6 miles per hour. The institutes carried out a series of four low-speed crashes on 11 2007 luxury vehicles. The repair bill of $14,000 for the Infiniti G35 looks fairly big when we see that the whole car sells for just $31,450. The Acura TL and Mercedes C Class asked for over $11,000 in repairs. The Lexus ES required little less than $11,000 while the Lexus IS needed $9,500 for repairs. The repair bills stood at 8,224 for the Volvo S60, $7,554 for the Acura TSX and $6,681 for the BMW 3 Series. The least affected were the Saab 9-3, Audi A4 and Lincoln MKZ, where the bills were less than $6,000. Rightly said, ‘Luxury doesn’t come cheap.’

via MSNBC