Luxury cars are synonymous with status, style, and comfort.
Trending Now: 5 Cars That Hold Their Value Best After 5 Years
Try This: 4 Affordable Car Brands You Won’t Regret Buying in 2024
“Not everyone gets to own and drive luxury cars in their lifetime, so owning one would make anyone feel as though they’ve made it,” said Alan Gelfand, owner of German Car Depot. “Luxury cars exude exclusivity, like you’re part of a club that only a few can join.”
Innovations in the automotive industry offer a range of high-end cars catering to discerning customers’ whims. Some models stand out for their exceptional performance, cutting-edge technology, and low depreciation rate, while others are unreliable or have lackluster features for such a high price tag.
“Many luxury cars aren’t worth the investment due to how much their value drops over time,” Gelfand said.
GOBanking Rates talked to Gelfand, who has driven hundreds of luxury car models. These are the three best and worst for your money.
The Best
Audi TT (Coupe)
Audi discontinued production of its TT Coupe last November after selling only 613 models, compared to selling nearly 2,500 E-Tron GTs in the U.S. The cost for a 2023 Audi TT (Coupe) starts at around $54,000.
Fans praised the TT Coupe for its top-notch interiors, which are made with premium materials and sleek design. They also liked the model’s advanced features like a touch-and-go navigation system that allows drivers to use a button to communicate with their car and Virtual Cockpit, an entirely digital instrument panel.
“This car is worth every penny for its incredible driving experience,” Gelfand said. “It handles beautifully, and its turbocharged engine makes driving on highways and winding roads a joy.”
Lexus LS 500
Starting at about $81,000, the Lexus LS 500 is reminiscent of an old-school luxury sedan. The Lexus LS 500 retains its allure as the former epitome of Japanese luxury, with its climate control screen in the backseat, and deployable ottoman-style stool in the right rear seat.
“It’s packed with advanced safety features and cutting-edge technology, ensuring a top-tier experience,” Gelfand said. “On top of that, Lexus cars, including this one, hold their value well because of their reputation for reliability.”
Mercedes-Benz E-Class
Priced between $62,300 and $74,700, the Mercedes-Benz E-Class is an iconic midsize sedan that is equipped with a nine-speed automatic and all-wheel drive. Road testers noted its “comfortable and controlled ride,” roomy cabin, and optional seat massage feature.
“All models come with advanced tech like the MBUX infotainment system, which features a large touchscreen and voice control,” Gelfand said. “The E-Class’s suspension system also ensures a smooth and comfortable ride.”
Be Aware: 5 Japanese Cars To Stay Away From Buying
The Worst
BMW 7 Series
Starting at $98,000 for a 2025 model, the BMW 7 Series is notorious for its depreciation rates. It depreciates about 50% in the first three years and will cost you about $50,000 over five years due to depreciation costs alone.
“The repair costs are high due to its complex technology, which often requires specialized knowledge and tools,” Gelfand said. “It also has specific maintenance needs, like using premium synthetic oils, which adds to the overall cost.”
Maserati Quattroporte
The Maserati Quattroporte was named the “Undisputed King of Depreciation.”
Expect to spend at least $139,000 for the sporty luxury sedan and lose about 64.5% or $90,000 off the average list price of the car. In comparison, a Porsche 911 costs about $114,400 and depreciates an average of 9.3% or $10,640.
In addition, the Quattroporte often faces reliability issues, with owners reporting frequent transmission, electronics, or other essential problems, Gelfand said.
“These issues lead to expensive repairs, and parts and labor for Maseratis are costly,” Gelfand explained.
Maserati Ghibli
With prices starting at $111,000 for a 2024 model, the Maserati Ghibli loses 44% of its value after five years and provides more style than substance. Car and Driver noted its “exotic exterior design, gutsy turbo engines,” and “athletic handling.
However, car experts noted its snug rear seat space, poor fuel efficiency, and interior design unworthy of its six-figure price tag.
“Its interior quality doesn’t always match the high standards set by other luxury brands,” Gelfand said. “The infotainment system also lags behind its competitors.”
More From GOBankingRates
This article originally appeared on GOBankingRates.com: I Have Driven Hundreds Of Luxury Cars These Are The Three Best and Worst For Your Money
Source Agencies
