New Cars Are Too Expensive, So Buy One Of These Unique Used Luxury Cars Instead (2024)

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New Cars Are Too Expensive, So Buy One Of These Unique Used Luxury Cars Instead (1)

Inflation is killing me, so I’m guessing it’s becoming a problem for many other folks out there, too. Fortunately, I’ll pay off my car loan soon and I’m already counting on the extra money that will go into my pocket each month instead of siphoning it off to some bank somewhere. If you’re feeling the pinch of inflation but aren’t ready to give up the finer things in life, this article is for you.

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I hate that I’m writing about “affordable” used cars that still cost between $20,000 and $30,000, but that’s the world we live in now. Unfortunately, the average price of a new car in January of 2024 was over $47,000, so while the cars on this list aren’t technically cheap, they’re affordable compared to the average new car.

Buying a used car can be scary, and some of the cars on this list should absolutely be purchased along with an extended warranty due to reliability concerns, but places like CarMax make that easy. I’ve had a CarMax warranty on my 2017 Mini Cooper S and it’s been very easy to use and it has already paid for itself in just a few uses. If you’re like me and think that new cars are too damn expensive, consider some of the cars on this list as options that still have relatively modern amenities and provide luxury car levels of refinement, rather than buying a buzzy little subcompact car new.

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Acura RLX

Acura RLX

New Cars Are Too Expensive, So Buy One Of These Unique Used Luxury Cars Instead (2)

The Acura RLX flew under the radar from its introduction in 2014, but that doesn’t mean it’s a bad car. It’s a big luxurious car Honda’s legendary reliability, but it was hindered by an outdated infotainment system and a lack of pizzazz. If you can find a good deal on one, snatch it up and you’re likely to be quite happy.

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Lexus GS

New Cars Are Too Expensive, So Buy One Of These Unique Used Luxury Cars Instead (3)

The Lexus GS was the brand’s rear-wheel-drive mid-size sedan, and it was sold with a wide range of powertrains from a fuel-efficient hybrid to a high-performance V8. It’s a luxurious car that has space for the whole family, despite being somewhat less exciting and cutting-edge than its German competition.

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Audi A6

New Cars Are Too Expensive, So Buy One Of These Unique Used Luxury Cars Instead (4)

The Audi A6 is another mid-size luxury sedan that has fallen out of vogue, but that can be leveraged to your benefit. A6s can range in price, but they’re generally not much more expensive than their smaller A4 sibling on the used market. You get a big, refined, technologically advanced and handsome car for half the price of a new one.

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Hyundai Equus

Hyundai Equus

New Cars Are Too Expensive, So Buy One Of These Unique Used Luxury Cars Instead (5)

The Hyundai Equus was the Korean brand’s flagship model before it spun off the Genesis name into its own brand. It competed with the likes of the Lexus LS and Audi A8, but at a lower price. Equus are very reasonable on the used market, and you get a full-size luxury car for the price of a new subcompact stripper model.

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Volvo S90

Volvo S90

New Cars Are Too Expensive, So Buy One Of These Unique Used Luxury Cars Instead (6)

The Volvo S90 has been around for a while now, but it still looks incredible. There were some questionable reliability issues with the car in early model years, but you still get a lot of car for the money. CarMax has some clean S90s for sale around the $20k mark, which leaves room for you to pay for an extended warranty before getting anywhere near the price of a new large luxury car.

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Jaguar XJ

Jaguar XJ

New Cars Are Too Expensive, So Buy One Of These Unique Used Luxury Cars Instead (7)

Be warned: if you buy a used Jaguar XJ, get an extended warranty to go with it. They sell for affordable prices for a reason, and that reason is Jaguar’s lackluster quality reputation. Beyond that, the XJ is an achingly gorgeous S-Class competitor that can be bought for a fraction of what they cost new. With an extended warranty you’ll save yourself heaps of money in repairs, and you can usually get loaner cars while it’s in the shop. Once the extended warranty runs out, though, you should run away, too.

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Kia K900

New Cars Are Too Expensive, So Buy One Of These Unique Used Luxury Cars Instead (8)

The Kia K900 was a weird car for Kia in the U.S., since it was effectively derived from Hyundai’s Equus and Genesis platforms. It was Kia’s first rear-wheel-drive sedan sold in the U.S., and it was a true large luxury car. Solid examples are for sale online for around the $20k mark, so again, you’re getting a ton of car for the price of a new tinny subcompact.

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Mercedes-Benz A-Class

Mercedes-Benz A-Class

New Cars Are Too Expensive, So Buy One Of These Unique Used Luxury Cars Instead (9)

The Mercedes-Benz A-Class was very short-lived in the U.S., only being sold from 2019 to 2022. It doesn’t offer the same levels of luxury and refinement as many of the larger cars on this list, but it’s one of the newer ones so you get desirable tech and a tiny bit of street cred for owning a newer Mercedes, even though it’s a lowly A-Class. You can find clean examples for sale around the low-to-mid $20k range.

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Infiniti Q70

Infiniti Q70

New Cars Are Too Expensive, So Buy One Of These Unique Used Luxury Cars Instead (10)

The Q70 is a forgotten Infiniti. It was the brand’s flagship sedan from 2014 to 2019, and offered three powertrains and even an extended wheelbase option. From hybrid to gutsy V6 to beastly V8, this rear-wheel-drive sedan never sold very well in the U.S., but was lauded for its performance and handling prowess. Finding a clean one for sale might be tough, and it doesn’t have very modern tech, but it’s a luxurious car with a sporty platform that can be had for pretty cheap.

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Lincoln Continental

Lincoln Continental

New Cars Are Too Expensive, So Buy One Of These Unique Used Luxury Cars Instead (11)

The tenth-generation Lincoln Continental came as a bit of a surprise, debuting at a time when the industry already figured out that crossovers and SUVs were the true ticket to big sales numbers. It offered lots of luxury and came with an available 400-hp twin-turbo V6, which made it quite quick despite not being a sports sedan. Continentals look cool and are relatively affordable, with most reasonable examples for sale in the mid-$20k range.

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Genesis G80

Genesis G80

New Cars Are Too Expensive, So Buy One Of These Unique Used Luxury Cars Instead (12)

The Genesis G80 is a great luxury sedan that is stylish, tech-filled, uncommon and powerful. Unfortunately for buyers, prices haven’t dropped much on the used market for the gorgeous current body style, but the handsome last generation falls solidly into the affordable category. Clean G80s can be found online from the low-$20k mark to the low-$30k mark. Either way, you’re getting a lot more car than you would for a new car at those prices.

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Audi A7

New Cars Are Too Expensive, So Buy One Of These Unique Used Luxury Cars Instead (13)

The Audi A7 stole the show when it was first introduced, but it never had much staying power. Used prices are higher than many on this list, but you’ll still pay about half of what you’d pay for a new one. Previous-gen A7s still look great and sell around the mid-to-high $20k mark, while used A7s of the current body style stay in the high-$30k to low-$40K range. Either way, you get a great car for half the price of a new A7.

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Toyota Avalon

Toyota Avalon

New Cars Are Too Expensive, So Buy One Of These Unique Used Luxury Cars Instead (14)

The Toyota Avalon isn’t as prestigious as most of the cars on this list, but it’s always been a luxurious, comfortable, reliable, and spacious car. Newer Avalons with low miles retain their resale values very well, so don’t expect to find any screaming deals on lightly-used Avalons. Deals start popping up as the miles rack up, but it’s a naturally-aspirated Toyota after all so that’s not too much cause for concern. You will find plenty of used Avalons with reasonable miles priced lower than a new Camry, so you get a lot for your money. Plus they hold their resale value well, so you don’t have to worry about shouldering too much depreciation.

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Lexus RC

Lexus RC

New Cars Are Too Expensive, So Buy One Of These Unique Used Luxury Cars Instead (15)

I had to include a luxurious coupe on this list for those looking for an affordable two-door car. The Lexus RC might not be the most exciting rear-wheel-drive luxury coupe on the market, but it’s a reliable one that flies under the radar. They’ve fallen into the affordable territory, and the design hasn’t changed much over its lifespan so older models still look like brand new ones. You get Lexus reliability with a sporty design and pretty modern tech for a reasonable price in the mid-$20K to low-$30K price range. At that price, you get a lot of car for your money when compared to what you’re able to afford new.

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Cadillac STS

Cadillac STS

New Cars Are Too Expensive, So Buy One Of These Unique Used Luxury Cars Instead (16)

Cadillac’s sedans have struggled to make a big impression in the 21st century, but the STS was built on a capable platform, and also came as the high-performance STS-V. It’s one of the cheaper options on this list, but finding one in good condition may be tricky.

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New Cars Are Too Expensive, So Buy One Of These Unique Used Luxury Cars Instead (2024)

FAQs

Why are cars so much more expensive than they used to be? ›

The cost of car ownership in the US surged after Covid shut down assembly lines and made vital semiconductors scarce. Then the Federal Reserve rapidly raised interest rates to combat high inflation, making car loans more pricey.

Why are luxury cars so much more expensive? ›

The Different Materials Used

Luxury cars don't compromise when it comes to materials. While a mainstream sedan like the Honda Civic might opt for cost-effective plastics, fabric, and steel, luxury brands like Porsche prioritize premium materials such as genuine leather, carbon fiber, and titanium.

What is the most affordable luxury car brand? ›

Cheapest Luxury Cars
  • 2025 Acura Integra. MSRP: As low as $33,595. Positives. ...
  • 2025 Cadillac CT4. MSRP: As low as $36,390. Positives. ...
  • 2024 Audi A3. MSRP: As low as $36,895. Positives. ...
  • 2024 BMW 2 Series. MSRP: As low as $39,395. Positives. ...
  • 2024 Lexus IS. MSRP: As low as $41,235. Positives. ...
  • 2025 Lexus ES. MSRP: As low as $43,190.

Are luxury cars better than regular cars? ›

While some differences may be less noticeable, luxury cars are traditionally known for their reputation (badge), high-end design and materials, performance, ride quality, and amenities.

Will cars ever be cheap again? ›

After a year of supply shortages and climbing borrowing costs, 2024 is shaping up to be a better time to buy a car. The average transaction price for a new car in the U.S. in February was $47,244, down 2.2% from February 2023. That's also down 5.4% from the market peak in December 2022, according to Kelley Blue Book.

Are cars still overpriced? ›

New car average transaction prices are about 3% lower than the market peak in December 2022. Still, average transactions remain 13% higher than July 2021, when car prices skyrocketed during pandemic times. Manufacturer incentives increased to $3,383 in July.

Which luxury car has the least problems? ›

Most Reliable Luxury Cars
  • 2024 BMW 7 Series: $96,400 | Reliability: 80/100.
  • 2024 BMW 3 Series: $44,500 | Reliability: 80/100.
  • 2024 BMW 2 Series: $38,400 | Reliability: 81/100.
  • 2024 Audi A6: $58,100 | Reliability: 82/100.
  • 2024 Audi A3: $35,800 | Reliability: 84/100.
  • 2024 Lexus ES Hybrid: $43,440 | Reliability: 85/100.
May 3, 2024

What is the No 1 luxury car? ›

1) Porsche | Winner

Porsche takes the win as the best luxury brand of 2023. It is best known for its luxury sports cars, including the highly ranked 2022 Cayman, 2022 Boxster and 2022 911. These cars owe their success to precision handling, heart-racing acceleration and excellent build quality.

What is the most reliable non-luxury car? ›

The most reliable non-luxury car is the Toyota Camry or Camry Hybrid. Both have the same reliability score of 88 out of 100.

Which luxury car has low maintenance cost? ›

Jaguar XF

As one of the low maintenance cars in India 2024, the Jaguar XF benefits from Jaguar's advanced engineering and high build quality, which contribute to its reliability. Jaguar offers comprehensive service packages that cover routine maintenance, reducing the overall cost of ownership.

Do luxury cars ride smoother? ›

Better Ride Quality

Exotic cars tend to be quieter, feature better suspension systems, and otherwise do a better job of providing a smooth, comfortable ride.

Are BMW considered luxury cars? ›

Companies such as Audi, BMW and Mercedes-Benz are considered luxury carmakers, due to their historical reputation and the quality of their products.

Why have car prices increased so much? ›

New-car buyers in 2023 pay an average of $717 a month for their vehicles, according to Edmunds. But why are cars so expensive right now? Inflated prices, elevated interest rates, and supply chain restrictions have directly impacted your car's price tag.

Why are old cars getting more expensive? ›

The increase corresponds with a higher market share for old used cars, which currently sits at 22.7 percent. In short, more people than ever are buying older cars. And they're paying a premium to get them. As you can probably guess, the changes began with the COVID-19 pandemic.

Are cars more expensive now than in the past? ›

From December 2020 to December 2021, car prices soared, spiking far higher than the already-high level of CPI inflation. New car prices increased by 11.7% and used cars increased by 37.2%. Meanwhile, overall inflation during the same time span was 7.1%.

How much should I spend on a car if I make $100,000? ›

To calculate an affordable car payment, use the recommended 20% down and 60-month maximum loan term. Based on those terms, a person making $100,000 a year can afford a $61,000 car, assuming their other expenses allow for a monthly payment of approximately $931.05.

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