Drivers with expensive tastes who can’t afford them should purchase high-end cars from previous model years. All automobiles begin to lose value as soon as they are purchased, but according to HotCars, luxury cars, especially luxury SUVs, do so more quickly than the ordinary car because of their high sticker prices and hefty maintenance and repair costs.
Luxury vehicles that are purchased new might lose up to 50% of their value in the first five years of ownership.
Some lose a lot more, while others maintain their value even better than commoner-built cars.
Luxury cars that hold onto at least two-thirds of their original purchase price over a five-year period are examined in the section below.
The high-end division of Toyota is known for producing luxurious cars with lasting value.
Range Rover Fanatic, stated that Lexus “takes the cake” when it comes to luxurious cars. “Models like the Lexus GX and LX have a strong resale value due to their high quality and robust engineering.”
For instance, according to CarEdge, the LX 570 only loses 32% of its value over a five-year period.
The LX is a big, potent SUV based on the brand-new Toyota Land Cruiser that exudes elegance without compromising off-road ability. With a starting price of $92,160, CarEdge agrees with Boyd that the entire nameplate is a sure bet for buyers expecting to obtain top dollar when they decide to sell. While individual trims decay differently, the nameplate as a whole is a sure bet.
According to the report, “Lexus is simply the personification of high resale value, and their vehicles just don’t depreciate like the rest of their peers.”
One model stands out above the rest in Honda’s luxury line, which has a history of producing high-end vehicles that maintain their value extraordinarily well.
Jeremy Law, a seasoned mechanic and the founder of Complete Car Comfort, said of the Acura MDX, “Acura’s MDX has garnered praise for its long-lasting quality and also maintains a commendable resale value.”
In fact, it compares favourably to the Lexus LX with a low five-year depreciation rate of just 33%. It is described as “a strong contender in a class full of excellent vehicles. As most people know, Acura is the luxury division of Honda, a company whose reputation for reliability and quality is unassailable. Then take into account the standard equipment, high safety scores, relatively low purchase price and robust resale value, and the MDX makes even more sense.”
Tesla Model S
According to Motley Fool, electric vehicles depreciate 1.4 times quicker than all other types of vehicles. This is because their pricey batteries have a finite lifespan. However, one model from the most well-known brand of EVs defies the trend.
“The Tesla Model S has not only been a game changer in terms of electric vehicle technology but also holds its value quite well, making it a sound investment,” Law said.
The Model S has a starting price of $71,090, and according to CarEdge, it only loses 35% of its value after five years, which is amazing for a luxury EV and impressive for any high-end vehicle.
The powerful Benz G-Class was cited by several experts as having supernatural abilities to ward off depreciation. It starts at $139,900 and owners may expect to recuperate all but a pitiful 23% of that price when it comes time to sell. It is a large, boxy, muscular SUV.
The Mercedes G-Class is not for everyone, and they are expensive, but they maintain their worth effectively, constantly placing in the Top 10 among luxury cars, according to CarEdge.
An iSeeCars report from 2022 stated that the G-Class had the lowest three-year depreciation of any car in any category or class, which gives you an idea of exactly how closely the G-Class clings to its value. In comparison to the renownedly dependable Honda Civic, which lost 1.4% of its value during a 36-month period, it only lost 0.6%.
The price range for the Porsche 911 of the current model year is $114,400 to slightly under $300,000 on the high end. They are worth every penny, as anyone who has ever driven one, ridden in one, or even just seen one can attest.
“It has that classic, timeless look everyone loves, making it a dream car for enthusiasts and collectors,” said Robert Luterzo, automotive engineer and editor of Automotive Widget. “Also, Porsche knows how to build a car. They use top-notch stuff, so your 911 stays in great shape over the years.”
The 911 has a stunning 15% depreciation rate due to its longevity and classic design, so if you purchase a 911 Carrera GTS for $150,000 now, you can expect to sell it for $127,500 in five years.
“The Porsche 911 has the best resale value,” Luterzo said.
CarEdge agrees, writing, “The Porsche 911 is one of the greatest cars of all time and is virtually problem free and indestructible. As a result, it holds its value terrifically well.”
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