The Best Used Luxury Cars to Buy: Top Choices for 2024

Buying a used luxury car can be an excellent way to enjoy the perks of high-end driving without the new car price tag. The market for used luxury cars is vast, offering options from sporty coupes to spacious SUVs. However, deciding which used luxury car to purchase requires careful consideration of factors such as reliability, performance, maintenance costs, and resale value. This guide will help you navigate the options and choose the best used luxury car for your needs and preferences.

1. Reliability and Maintenance Costs

One of the most critical factors when purchasing a used luxury car is reliability. Luxury vehicles often come with advanced technology and features, which can be expensive to repair if something goes wrong. Japanese luxury brands like Lexus and Acura are renowned for their reliability, often outperforming their European counterparts. These brands tend to have lower maintenance costs and higher reliability ratings, making them excellent choices for a used luxury car.

Lexus ES is a perfect example of a reliable luxury sedan. Known for its smooth ride, high-quality interior, and exceptional reliability, the ES is often regarded as a top choice for those looking to enter the luxury market without the worry of constant repairs. Acura’s TLX is another great option, blending sportiness with reliability and coming with a more affordable price tag than many European competitors.

On the other hand, German brands like BMW, Mercedes-Benz, and Audi are known for their superior driving dynamics, but they often come with higher maintenance costs. BMW 3 Series is celebrated for its handling and performance, but the cost of ownership can be steep, especially as the car ages. Mercedes-Benz C-Class offers a luxurious interior and a smooth ride, but potential buyers should be prepared for higher repair costs down the road.

2. Performance and Driving Experience

When it comes to performance, European luxury brands often lead the pack. BMW is famous for its driver-focused cars, with models like the BMW 5 Series offering an excellent balance of comfort and performance. The 5 Series is particularly well-regarded for its range of powerful engines, precise handling, and luxurious interior.

Audi’s Quattro all-wheel-drive system is another standout feature for those looking for superior grip and handling. The Audi A6 is a prime example, offering a refined driving experience with strong performance and a plush interior. For those who prefer a sporty driving experience, the Porsche Panamera might be an attractive option. Although it tends to be more expensive, the Panamera offers exceptional performance and handling, making it a top choice for enthusiasts.

Mercedes-Benz also delivers a luxurious driving experience, with models like the E-Class providing a smooth ride, a quiet cabin, and an array of high-tech features. The E-Class is known for its blend of performance and comfort, making it a well-rounded choice for those seeking a premium driving experience.

3. Resale Value

Resale value is an important consideration when buying a used luxury car, as it can significantly impact the overall cost of ownership. Some luxury brands depreciate faster than others, so it’s crucial to choose a model that holds its value well.

Lexus and Porsche are often praised for their strong resale values. The Lexus RX is a top performer in this regard, combining reliability, luxury, and strong resale value. Porsche’s Macan and Cayenne SUVs also retain their value well, making them excellent choices for those who might want to sell or trade in their vehicle in the future.

On the flip side, some luxury brands like Jaguar and Alfa Romeo tend to depreciate more quickly. While these brands offer unique styling and performance, they might not be the best choice if resale value is a significant concern.

4. Luxury Features and Technology

When buying a luxury car, the features and technology it offers are often at the forefront of the decision-making process. European brands tend to excel in this area, with cutting-edge technology and high-quality materials used throughout their vehicles.

Mercedes-Benz is renowned for its luxurious interiors, with models like the S-Class offering some of the finest cabins in the automotive world. The S-Class is packed with advanced features such as adaptive cruise control, a high-resolution display, and a state-of-the-art sound system. Audi is also known for its technology, particularly its Virtual Cockpit, which provides a fully digital and customizable instrument cluster.

If you’re looking for a vehicle with a lot of standard features, Genesis, Hyundai’s luxury brand, might be worth considering. The Genesis G80 offers a high level of luxury for a lower price point compared to its European rivals, with features like a 14.5-inch touchscreen, Nappa leather upholstery, and a suite of advanced driver assistance systems.

5. Fuel Efficiency

Fuel efficiency might not be the primary concern for luxury car buyers, but it’s still an important factor, especially for those who drive long distances. Hybrid models from brands like Lexus and BMW offer a good balance of luxury and efficiency.

The Lexus RX 450h is a standout in this category, offering a comfortable ride, luxurious interior, and impressive fuel economy for an SUV. BMW’s 330e plug-in hybrid provides a sporty driving experience with the added benefit of electric-only driving capability, making it an attractive option for those looking to reduce their carbon footprint.

6. Safety Features

Safety is a top priority for any car purchase, and luxury cars often come equipped with the latest in safety technology. Volvo is synonymous with safety, with models like the Volvo XC90 offering a host of standard safety features, including automatic emergency braking, lane-keeping assist, and a surround-view camera system.

Tesla’s Model S is also a strong contender in this category, offering advanced driver assistance systems and top-notch crash test ratings. The Model S combines luxury, performance, and cutting-edge technology, making it an appealing choice for those who value safety and innovation.

7. Best Used Luxury SUVs

For those in need of more space, luxury SUVs are a popular choice. The BMW X5 is a top performer in the used luxury SUV market, offering a great balance of performance, comfort, and technology. The X5 is known for its strong engines, agile handling, and high-quality interior.

Lexus RX is another excellent option, known for its reliability, comfort, and strong resale value. The RX offers a smooth ride, a quiet cabin, and a range of standard features, making it a well-rounded choice for those seeking a luxurious SUV.

For something more performance-oriented, the Porsche Cayenne delivers exceptional driving dynamics, a luxurious interior, and strong resale value. Although it comes at a higher price point, the Cayenne is one of the best-driving SUVs on the market, making it a top pick for those who prioritize performance.

8. Budget Considerations

When buying a used luxury car, it’s essential to set a budget and stick to it. Japanese luxury brands like Lexus and Acura offer some of the best value for money in the used luxury car market, with models like the Lexus ES and Acura TLX providing a lot of luxury for a relatively low cost.

European brands tend to be more expensive, both in terms of purchase price and maintenance costs. However, if you’re willing to spend more, models like the Audi A6 or BMW 5 Series can offer a more engaging driving experience and a higher level of luxury.

It’s also worth considering certified pre-owned (CPO) vehicles, which come with manufacturer-backed warranties and have undergone thorough inspections. CPO vehicles can provide peace of mind and often come with additional perks like roadside assistance.

9. Conclusion

Choosing the best used luxury car depends on your priorities, whether it’s reliability, performance, resale value, or budget. Lexus and Acura are excellent choices for those prioritizing reliability and lower maintenance costs. For those seeking a more engaging driving experience, BMW and Audi offer excellent performance and handling. If resale value is a top concern, Lexus and Porsche are standout options. Finally, for those who want the best of the best, brands like Mercedes-Benz, Audi, and Genesis offer luxurious interiors and cutting-edge technology.

No matter which brand you choose, make sure to do thorough research, consider a pre-purchase inspection, and be aware of the potential maintenance costs associated with luxury vehicles. With the right approach, you can enjoy the benefits of luxury driving at a fraction of the cost.