Best Used Luxury Car Brands for Retained Value

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Best Used Luxury Car Brands for Retained Value

Posted on July 12, 2024

Luxury cars are more than just their sleek exteriors; their superior performance, cutting-edge technology, and high-quality interiors they offer set them apart and demand a higher price. For price-oriented buyers, the used luxury car market presents a golden opportunity to own these high-end vehicles at more accessible prices.

Want a luxury car without the steep price tag? This guide covers the best used luxury car brands, highlighting their reliability, performance, and value. Learn why brands like Mercedes-Benz, BMW, and Audi are top choices for price-savvy used car buyers—with some maybe offered for just under $30K.

Notes on the Best Used Luxury Car Brands and Models

• Buying a used luxury car can provide significant savings due to high depreciation rates, enabling buyers to afford top brands like Lexus, BMW, Audi, and Mercedes-Benz at lower costs.
• BMW is highly rated for its dynamic performance and luxurious features, making models like the 3-Series and X5 popular choices in the used car market.
• Mercedes-Benz is investing a staggering 7 billion euros annually in research and development for cutting-edge status in future innovations.
• Even over 250,000 km, some owners don't consider the Volvo S60 high mileage.
• Audi and Mercedes-Benz stand out for their advanced technology, and staple models such as the Audi A4, Audi Q5, Mercedes-Benz E-Class, and GLC.
• Financing a used luxury car is wise because, despite the discount, its features and value justify a higher price.

Leading Used Luxury Car Brands

The depreciation in the luxury car market is significant, even compared to the depreciative hit most new cars take upon leaving the showroom. But on the flip-side buyers can get reliable models for a fraction of their original cost. To get the best value, you should get a feel for the reputation of some of the top brands in this segment. Most of the top luxury car brands include:

• Mercedes-Benz
• BMW
• Audi
• Lexus
• Jaguar
• Porsche
• Tesla

BMW, Audi, and Mercedes-Benz are consistently at the forefront of the best used luxury cars. These brands have quite the reputation for their reliability, power, and style, making them top choices for anyone looking to invest in a used luxury sedan or SUV.

Each brand brings its unique strengths, from BMW’s dynamic driving experience and Audi’s technological advancements to Mercedes-Benz’s luxurious interiors and signature smooth rides.

Identifying the Best Used Luxury Cars from Available Inventory

As you shop for used luxury (or economy) cars, mind the reputation of the brand for quality and maintenance. Used luxury cars often have better upkeep as previous owners tend to maintain them well. Explore the unique features that make these brands stand out in the used luxury car market.

BMW

BMW, known for its tagline "The Ultimate Driving Machine,” lives up to its reputation by offering:

• Dynamic driving performance
• Luxurious features
• Sporty coupes
• Versatile SUVs
• Powerful engines
• Advanced technology
• Premium interiors

When test driving a used luxury car, our sales advisors often gauge luxury car performance by assessing its acceleration, handling, braking, and overall responsiveness to ensure it meets our expectations for a high-end vehicle.

Audi

Audi’s appeal in the used luxury car market stems from its:

• Sleek design
• Advanced technology
• Bleeding edge automotive tech
  • Advanced infotainment systems
  • Comprehensive safety features
• Stylish exteriors
• Upscale interiors

Audi’s commitment to innovation makes it a favorite among those looking for a blend of performance and sophistication in a used luxury car.

Mercedes-Benz

Mercedes-Benz is synonymous with luxury, offering vehicles that combine elegance, comfort, and cutting-edge technology. Celebrated for their smooth rides and plush interiors, Mercedes models also incorporate advanced safety features, making them a reliable choice in the used luxury car market.

From the compact CLA Class to the spacious GLE and GLS SUVs, Mercedes-Benz has a model to suit every taste and need.

BMW: The Ultimate Driving Experience

BMW stands out in the used luxury car market for its dedication to providing an unparalleled driving experience. With dynamic performance and luxurious features, BMW models like the 3-Series and X5 continue to attract enthusiasts and practical buyers alike. The brand’s commitment to driving pleasure shows in its performance-oriented engineering and innovative technology.

Popular Models

The BMW 3-Series is often celebrated for its nimble handling and strong engine options, making it a benchmark in the compact luxury sedan segment. From the base model to higher trims, the 3-Series offers a balanced mix of comfort and sportiness.

Another standout is the BMW X5, a midsize luxury SUV that combines the brand’s sport sedan characteristics with added versatility. The X5’s features include all-wheel drive, a 375 horsepower Twin Turbo engine, and an 8-speed automatic transmission.

The X5 also provides modern amenities such as Apple CarPlay, Android Auto compatibility, and a comprehensive safety suite, making it a well-rounded choice for families and adventurers alike. If you have a BMW to sell, you might consider selling it to us! We'll make sure it goes to an enthusiastic new owner.

Performance and Handling

BMW’s reputation for performance is well-earned, with models like the 2 Series offering engaging driving dynamics and powerful engine options. The top powertrain in the BMW 2 Series Coupé (F22) released from 2013-2021, for instance, delivers up to 450 horsepower, ensuring a thrilling and immersive driving experience with impressive engine power.

The impressive handling of BMW cars is a result of advanced engineering and meticulous design. Whether navigating tight corners or cruising on the highway, BMW’s vehicles provide a smooth and controlled ride that enhances driver confidence and enjoyment.

Reliability and Value

One of the reasons BMW remains a top choice in the used luxury car market is its high resale value. The brand’s prestige and reputation for performance contribute to its strong market presence. To make an informed decision when buying a used BMW, consider reading reviews and understanding the reliability and overall value.

Although luxury cars often require more maintenance, BMW models are known for their reliability and retained value for years when well-maintained. Buyers should consider the car’s service history and invest in pre-purchase inspections to ensure they are getting a vehicle that will provide lasting value and enjoyment from one owner to the next.

Audi: Advanced Technology and Style

Audi’s blend of advanced technology and stylish design makes it a standout in the used luxury car market. The brand’s innovation is evident in its use of advanced diesel technology, aluminum bodies, and cutting-edge four-wheel-drive systems like the Quattro.

Audi’s commitment to both performance and aesthetics ensures that its vehicles remain popular among discerning buyers.

Best-Selling Models

The Audi A4 is a prime example of the brand’s excellence, featuring a fuel-efficient engine with impressive fuel economy, smooth ride, 236 lb/ft of torque, and upscale cabin. This model’s agile handling and premium materials make it a favorite among used luxury car buyers.

Another popular model is the 2019 Audi Q5, which combines a luxurious interior with forward-looking technology and impressive performance. The Q5 also offers a thrilling driving experience while maintaining the brand’s signature elegance.

Interior and Comfort

Audi’s nice interior design is characterized by clean, strict lines and the use of premium materials, including ambient interior lighting. The brand’s attention to detail is evident in models like the Q7, which offers a luxurious and upscale interior, Quattro all-wheel drive system, and optional adaptive air suspension for agile handling.

The roomy interior of the 2019 Q7, for example, provides comfortable seating across the first two rows and includes standard tech features like 3 LCD monitors in the front.

Innovative features such as integrated Google Map satellite imaging and multiple angle camera views in the Audi A6 highlight the brand’s commitment to combining comfort with cutting-edge technology.

Safety and Innovation

Safety is a crucial aspect of Audi’s design philosophy, as evidenced by the brand’s Pre-Sense technology. This system offers predictive safety features like automatic emergency braking, brake warnings, and emergency activation of hazard lights, providing an extra layer of protection for drivers and passengers.

High-end models like the Audi A8 further enhance safety with features such as adaptive cruise control, forward collision warning, and Pre Sense Side, which protects against sudden side impacts. You can also opt for models with Pre Sense 360 for added driver assistance.

Mercedes-Benz: Synonymous with Luxury

Mercedes-Benz means luxury—vehicles that combine sophisticated design, advanced technology, and superior comfort. The brand’s reputation for providing a smooth ride and plush interiors makes it a top choice in the used luxury car market.

Mercedes-Benz is investing a staggering 7 billion euros annually in research and development to maintain its edge in innovation and luxury. Key models like the E-Class and GLC exemplify the brand’s commitment to quality and elegance.

Top Mercedes Models

The Mercedes-Benz E-Class is a standout model known for its:

• Spacious interior
• High level of comfort
• Smooth ride
• Host of advanced features

This midsize luxury sedan is a favorite among luxury car enthusiasts, especially those who appreciate the comfort and performance of luxury sedans.

Then there's the GLC, which has a robust build quality, a versatile design, a spacious interior, and advanced safety features. This makes the GLC a perfect blend of luxury and practicality, catering to both families and individuals alike.

Luxury Features

Mercedes-Benz vehicles are equipped with an array of luxury features, including advanced driver assistance systems and premium materials like high-quality leather and wood trims. Models like the S-Class offer options such as a panoramic tilting/sliding roof and night view assist, showcasing the brand’s dedication to providing a luxurious driving experience.

Cost and Maintenance

Owning a used Mercedes-Benz can be an expensive endeavor, primarily due to the maintenance required to keep these high-performance vehicles in top condition; the average annual repair cost for a Mercedes-Benz is around CA$1,240 compared to CA$890 average across makes. However, the premium build quality and advanced features often justify the cost, making it an investment in luxury and dependability.

While the maintenance costs may be higher compared to regular vehicles, diligent upkeep can prolong the life and performance of a Mercedes-Benz. To avoid any unexpected expenses, it’s important to factor these costs into your budget when planning to purchase a used luxury car.

Other Noteworthy Brands

While BMW, Audi, and Mercedes-Benz dominate the used luxury car market, other brands like Lexus, Volvo, and Genesis offer compelling alternatives. Each of these brands offers distinct advantages, ranging from Lexus’s well-known reliability to Volvo’s superior safety features, and Genesis’s remarkable design.

Lexus

Lexus is celebrated for its enviable reputation for build quality and reliability, making it a standout choice among used luxury car buyers. Models like the Lexus LS are known for their:

• durability
• advanced options
• longevity
• overall satisfaction

Volvo

Volvo’s reputation for safety and spacious interiors makes it a preferred brand for those prioritizing these features in a luxury car. The Volvo S60, for instance, is known for its distinctive exterior styling and advanced safety options, although it lacks some standard active safety tech.

Even at over 250,000 km, S60 hasn't reached high mileage, but they do demand a thorough inspection when buying used. Volvo’s commitment to passenger comfort and safety is also evident in models like the XC60 and S60.

Genesis

Genesis has quickly made a name for itself in the luxury car market with models like the G70 and G80. Demonstrating striking design and premium cabin offerings, Genesis vehicles provide a luxurious experience at a competitive price.

The G70, for example, features an upgradeable 10.25-inch touchscreen infotainment system and up to 365 horsepower from a twin-turbo V6, making it a powerful and stylish choice.

Tips for Buying a Used Luxury Car

Buying a used luxury car in Alberta requires careful consideration and planning. From researching and comparing different models to conducting thorough inspections and exploring financing options, there are several steps to ensure you make a sound investment in a used car.

Research and Comparison

Start by reading user reviews and comparing market prices. Reviews can provide valuable insights into the common issues and overall satisfaction with specific car models. Comparing prices across various platforms and sellers can help you find the best deal for longevity and satisfaction.

As for Kaizen Auto, we provide a robust network of dealerships with diverse inventories, ensuring customers can find nearby used luxury cars that match their preferences. This extensive network allows for a seamless and convenient car-buying experience, connecting buyers with the best options in their area. We can get you on track to finding what you're looking for!

Test Drive and Inspection

To evaluate the car’s comfort, performance, and handling, a test drive is a must. Additionally, a comprehensive inspection by a trusted mechanic can uncover potential problems that may not be evident during a test drive. Checking the vehicle’s service history can also provide insights into its maintenance and any recurring issues.

Financing and Warranties

Exploring various financing options, including bank loans and dealership financing, can lead to better interest rates and manageable payments. Thought should be given to an extended warranty for used luxury cars, as it can alleviate concerns about future repairs and maintenance costs. Certified pre-owned programs often come with additional warranty coverage, offering further protection.

You might want to finance a used luxury car because, even though it's discounted for being used, the features and value of the car demand a higher-than-average used vehicle price. Our customers know they're getting quality for less when buying a used luxury car.

Search Kaizen Auto Luxury Car Inventory for Your Next Vehicle

The used luxury car market, even among the high mileage car club, offers a wealth of options for savvy buyers looking to combine elegance, performance, and value. Leading brands like BMW, Audi, and Mercedes-Benz stand out for their distinctive strengths, from BMW’s exhilarating driving dynamics to Audi’s cutting-edge technology and Mercedes-Benz’s luxury.

Other noteworthy brands such as Lexus, Volvo, and Genesis also provide compelling choices with their unique features and reliability. By conducting thorough research on used inventory, performing detailed inspections, and exploring financing options, buyers can make informed decisions and find their ideal used luxury car.

Whether you’re seeking a sporty coupe, a luxurious sedan, or a versatile SUV, the used luxury car market has something to offer. Book your test drive today and experience the luxury and performance of your dream car firsthand!

Frequently Asked Questions

Why should I consider buying a used luxury car instead of a new one?

You should consider buying a used luxury car because it can provide significant savings from steep depreciation rates, allowing you to enjoy high-end features and luxury at a fraction of the original cost. It's a great way to get more value for your money without compromising on quality.

Gently used luxury cars are often just as reliable, comfortable, and flashy as those you buy brand-new!

What are some of the best used luxury car brands?

Consider looking into BMW, Audi, and Mercedes-Benz for top choices in the used luxury car market. Other brands also give those notables a run for their money however—with like Lexus, Volvo, and Genesis forming great alternatives.

Is it more expensive to maintain a luxury car?

Yes, maintaining a luxury car is generally more expensive due to the premium parts and advanced technology used in these vehicles. However, the higher maintenance costs are often justified by the superior performance, comfort, and features that luxury cars provide.

Do luxury cars last longer?

Luxury cars can last longer than standard vehicles if they are well-maintained due to their high-quality build and advanced engineering. However, their longevity also depends on factors such as regular upkeep, driving habits, and adherence to maintenance schedules. Good parts last long, but because of their quality they're more expensive to replace!