Want a Luxury Car? Here’s a List of Ones with Good Resale Value!

High Resale Value Luxury Cars

Buying a car is expensive. And when getting a car, you want to preserve as much of its value as possible.

Unfortunately, this is difficult. After all, depreciation is a thing, and cars lose value much faster than most items.

To give you an idea, a car loses 10-20% of its value as soon as it gets driven off a dealership. And then it loses an extra 10% for every year that passes on the car!

Over the span of 5 years, this means that your car loses ½ of its value!

Now – this isn’t an issue if you own a small and economic car. But it’s a disaster if you own a car that’s a little expensive. And it’s even a greater issue for luxurious cars.

Luxury Cars – Value Loss

After a 5 year period, you may find that your luxury ride is 40-60% of its original value. And this makes trade-ins and getting your money back difficult.

Thus, an $80,000 vehicle can drop well below $45,000 after years of ownership!

But no worries. While depreciation is an issue, some luxury cars will preserve more of their value than others.

So if you want to get a luxury car, keep reading. We have a list on some valuable makes to own, and why you should consider them!

Luxury Car – Acura

This is Honda’s luxury division. Here, you get a good combination of Japanese reliability, and luxurious looks!

When getting an Acura, you have multiple models to choose from – up to 11!

Acura cars presere their value well. And this is attested to by the car review center Edmunds, which has ranked its models (from the ILX to RDX) as excellent combinations of tech, performance, and value!

Luxury Car – Audi

This recommendation comes straight from the Kelley Blue Book itself.

The KBB likes all cars suitable for consumers, but it doesn’t shy away from cataloging sporty models. And those include Audi’s A5, Q7, and median-sized SUV. In fact, the KBB has ranked those specific vehicles as some of the best luxury cars in their categories!

A prime example is the Audi Q7. This car has excellent luxurious features, such as dual-zone climate controls and heated seats. And this gives the cars excellent resale value.

The only issue that might affect Audi though is the VW engine scandal, so it’s necessary to keep track of that before getting an Audi!

Luxury Car –Chevrolet

Oddly enough, Chevrolets aren’t seen as luxury cars. They’re usually seen as a muscle car brand that occasionally produces pickup trucks, or interesting cars like the Camaro models.

However, the Corvette is still a Chevrolet. It belongs to the brand, and it’s a luxury car with high resale value.

Corvettes specifically are known for a combination of performance and good financial investment. Not to mention, the car does come with an elegant hawkish look, and the rumble of street muscle cars. So the experience it delivers is great.

And this makes it a perfect buyer’s choice with consistent high ratings every year – based on sites like AutoTrader, the Kelley Blue Book, and ALG.

Also, it’s not that expensive compared to other luxurious cars. Its models with maxed out options barely hit the six-figure mark, unlike many luxury cars that normally exceed the $300,000 range!

Luxury Car – Lexus

Lexus keeps getting mentions in the Kelley Blue Book. And it gets mentioned in positive light, with the brand receiving high rankings for resale value on a yearly basis!

Why? Well, you’ve got to remember that Lexus is a division of Toyota, and that’s a car brand known for reliability before anything else.

And this is what the luxurious Lexus division has inherited. Even the state of the art Lexus LS 460 is considered a good value car, regardless of its price tag.

For Lexus, the KBB isn’t the only source of positive reviews. Edmunds also reviewed this brand positively, describing it as a “refined luxury vehicle” with excellent value retention!

Luxury Car – Mercedes-Benz

We can’t speak of luxury without bringing up a model like the Mercedes-Benz. This specific car is a standard to many luxury sedans, and it usually retains good value throughout time.

Only problem is the base price-tag. Base models for luxury Mercedes-Benz cars are $100,000 minimum, and fully loaded vehicles double in price, reaching deeply in your pocket.

Also Read:

• Comparing Used Car Prices: Blue Book vs Black Book
• NADA Guide RV – How to Use Nada Guides To Find The Value of Your RV

Luxury Car – Porsche

It’s luxury, it’s posh, and it’s youthful – this car is praised by the Kelley Blue Book and Edmund Reviews.

Porsches are known to maintain their value, speed, and their signature VW Beetle looks for a long time.

Plus, even the sporty variants of Porsche retain value, like the Panamera model!

Summary

Looking to buy a luxury car? If you are, then research is of the essence.

You’ve got to find the car that’s most suitable for you. This means writing down a list of models you can afford, and studying their depreciation values.

It’s a research method that requires time, and it opens up your eyes to options on the market.

Also, it’s a tactic that’ll save you tens of thousands of dollars. It ensures that you don’t hemorrhage money straight out of a dealership. Plus, it’ll save you much regret too!

But, you should remember that whatever you do, a car’s value will drop. After all, cars are either utilities, or machines you drive for fun.

So never consider a car as an investment. Never treat your car as a pool to maintain your hard-earned money!