Eyeing your neighbor’s driveway, wondering how they’re affording that fabulous luxury car? Well, things are not always what they seem to be. Many new cars laced with stratospheric price tags become quite affordable after a few rounds of depreciation have taken their toll.
Auto reviewers at U.S. News & World Report recently assembled a group of luxury cars you can buy today for less than $20,000—based upon their reliability. That’s important when you consider how expensive maintaining a luxury car can be. And, it’s what makes these the best used luxury models to buy on a budget.
Before Buying a Used Car
Any used car purchase should be predicated by a thorough inspection from a reputable technician familiar with the model in question. It’s an important part of sound financial decision making. Another smart economic move is looking into a car loan refinance from RoadLoans. You might find a better interest rate or more favorable terms than you currently have—either way, you’ll save money.
Audi A4
Hailed by many automotive publications as one of the best cars of the year when it was redone for 2013, this version of Audi’s A4 is a highly desirable model. Blessed with considerable agility, reasonable fuel economy and an outstanding interior treatment, the A4 has long been the darling of young professionals. You will want to avoid the compact sedan if you’re looking for family transportation; but if it’s just you, your life partner and occasional friends, the Audi A4 will nicely fill the bill.
BMW X1
Introduced as an all-new product for the 2013 model year, BMW’s X1 embodies all the driving pleasure for which the marque is renowned, combined with handsome styling, good fuel economy and a strong roster of standard features. But let’s face it, you want a BMW because of the status that blue and white badge proclaims. Fortunately, it’s attached to a really good automobile.
Hyundai Equus
Don’t feel bad if this is the first time you’ve ever heard of an Equus. Introduced in 2011, this was Hyundai’s first real attempt at a full-size luxury car to compete with the likes of the Mercedes-Benz S-Class and BMW 7 Series. As such, this Hyundai is packed with luxury features. It also offers a powerful engine, a spacious interior and a prestigious appearance. They didn’t sell too many of them, so they can be tricky to find—but that also makes them exclusive.
Infiniti Q40
While at first glance the 2015 Q40 seemed to be a new model, it was actually a renamed G37. This was during the period when Infiniti redid its nomenclature scheme to include the letter “Q “in every model name. Infiniti’s answer to the 5 Series BMW, the Q40 is fast, handles brilliantly, and offers an abundance of tech features.
Lexus ES
Lovely examples of this car, built circa 2013, can be had for under $20,000. You’ll get timeless styling, a quiet and smooth ride and a wealth of luxury features including Bluetooth, satellite radio, cruise control, keyless entry, a moonroof, and alloy wheels. Notable options include navigation, leather upholstery and active driver assistance features.
Mercedes-Benz E-Class
Mid-sized Mercedes models from the 2012 model year are surprisingly affordable. They are also outstanding on the highway, beautifully appointed and undeniably prestigious. Only you will know you sneaked into the rarefied group of Mercedes owners for less than the price of a new Toyota Corolla. Keep in mind though, when it’s time for maintenance and repairs, you’ll be in a Mercedes. Do everything you can to find the best-kept example possible.
Porsche Cayenne
You’ll have to go back a bit farther in time to get one of these for under $20,000, but their robust construction, timeless styling and outstanding road manners make the journey worthwhile. Look for something built around the 2009 model year and you should be able to slip in under $20k for a genuine Porsche SUV. You’ll get a powerful engine, outstanding handling and luxurious appointments. Keep in mind though Porsche repair costs are on the high side; be careful to find a well-maintained example.
It’s hard to believe car buyers can find luxury vehicles that fit into their budget. But the truth of the matter is that it is possible, if you know where to look.
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