Luxury vehicles are expensive. But if you don’t have enough money to buy a new luxury car, you can still settle for a high-quality and exceptional second-hand luxury car.
It is challenging to choose one luxury car brand/model as the best, as people differ in tastes and preferences. Overall, Mercedes-Benz S-Class is the best luxury car, but BMW, Audi, and Lexus are not far-off. Continue reading to find out the best luxury car for your needs and budget.
Luxury cars depreciate faster than other cars on the market. This is because most luxury cars are expensive to maintain as they get older. So, most luxury car owners get rid of them after the warranty elapses.
A luxury car that costs $70,000 when new, may cost around $20,000 when being resold after a few years of use. This means that many luxury cars lose their value within a very short period. So, if you want a used luxury car, there are a lot of options.
The best overall second-hand luxury car: Mercedes S-Class
At the top of our list of the best-used luxury cars is the Mercedes S-Class. This Mercedes model offers almost everything a person can desire from a luxury car. It has an option for a diesel or gas engine. The car also comes with automatic transmission.
A new Mercedes S-Class may start at $95,000, but the same used car may go for below $30,000. Depending on the make and model, you may even get one below $25,000. This car displays luxury in the interior and exterior. It’s quiet, safe, reliable, and performs outstandingly.
The best performing second-hand Luxury car: BMW 7 series
The BMW 7 series may not be better than the Mercedes-Benz S-Class in many ways, but it’s still the best performing luxury car on the market. The latest models feature slimmer headlights and front grilles that make the car look even more elegant.
A new BMW 7 series may cost you over $86,000, but you can find a used BMW 7 series below $25,000. This is quite a bargain compared to the original price. For this outstanding price, you get adaptive LED headlights, high-quality stereo, a powered tailgate, and much more.
The best mid-range used luxury car: Audi A8 Saloon
Audi always offers the best of both worlds. It’s not as comfortable as Mercedes, but better than BMW. On the other hand, it is not the best performing car, but better than Mercedes. The Audi A8 Saloon offers comfort, reliability, and power.
Like its competitors, a second-hand Audi is quite expensive to maintain, but can still be worth investing in. A brand-new Audi A8 may cost you above $85,000, but the same used car can sell for below $30,000. This car is only second to the Mercedes-Benz S-Class in terms of comfort.
The most reliable second-hand luxury car: 2014 Lexus RX 350
Toyota’s luxury model, Lexus, is the most reliable used luxury car on our list. The Lexus RX 350 model is beautifully designed, comfortable, convenient, and easy to maintain. It’s also technologically advanced with lots of safety features, such as brake assist, blind-spot monitor, and lane-keeping assist.
A new Lexus RX 350 goes for at least $44,000. But after a few years of use, you can get the same car for below $25,000. Note that the fall in price in the Lexus RX 350 is not as high as in Audis, BMWs, or Mercedes, as it’s easier to maintain and more reliable long term.
The safest second-hand luxury car: Mercedes-Benz E-Class
Safety is paramount, irrespective of whether you’re buying a new or used car. The Mercedes E-Class is one of the safest cars on the market. Additionally, it boasts of a wide range of luxury features such as a Bang & Olufsen audio system and active multi-contour driver’s seat.
Although the units are not many, you can get a new older model Mercedes like the 2014 Mercedes-Benz E-Class for around $27,000. The same used car can go for as low as $11,000 on the market. At such a price, this is a good investment as you still get a safe but comfortable and luxurious Mercedes.
The best used luxury car under $20,000: 2013 BMW X3
BMWs have one of the lowest resale values among luxury cars. The BMW X3 is the best-used luxury car below $20,000 dollars. A brand-new 2013 BMW X3 goes for around $45, 000. This car rates high in safety scores and it is has superior fuel efficiency.
FAQs about buying a used luxury car
What to look for when buying a second-hand luxury car?
Just like buying a new car, you have to consider the safety, reliability, comfort, and performance of the car. Mercedes offers the most comfort, while BMWs are the best performing cars. Audi has the power, while Lexus is easier to maintain. Furthermore, you will have to check the condition of the car.
Do miles matter when buying a second-hand luxury car?
Yes, miles do matter. Most luxury cars start to develop problems after 100,000 miles. Some Mercedes models start to develop issues at as early as 50,000 miles. Audis are quite expensive to maintain as they get older, while BMW parts are costly to replace.
What is the best used-luxury car brand?
It depends on what you’re looking for. If you want the best overall, then Mercedes is on top. However, BMW is the best performing, while Audi bridges the gap between Mercedes and BMW. The vehicles also vary, depending on the model you’re buying.
With so many luxury cars on the market, picking the best-used luxury car is not easy. However, if you know what you want in a car, it is easier to choose. The Mercedes-Benz S-Class is the best overall, while the BMW 7 series is the best performing used luxury car.
All the vehicles that we’ve selected are outstanding and worth investing in. They may not be new with the high price tag on them, but they still offer advanced features and perform exceedingly well. With just a few thousand dollars, you can have your dream car.