You don’t need to be a millionaire to own a luxury car. Some models may be more within your reach than you realise. Here are 7 brands that could be worth looking into if you’re looking for a luxury car on a budget.
Audi
Audi has a history of incorporating the latest gadgets and features into its cars – hence the slogan ‘Vorsprung durch Technik’ (progress through technology). It’s a brand that is renowned for its high build quality and sophisticated designs – including a range of luxury SUVs and sedans. The cheapest new Audi you can buy is an A3 sedan for $38,200, but there are many relatively new used models that you can buy for a third of this price.
Cadillac
Cadillac is one of the oldest American brands. It’s long been considered a luxury brand that has continuously integrated innovative technology into its cars since the early days (it was the first brand to install electric headlights in a car). You can find some great lease and finance deals on new Cadillacs. Pre-owned Cadillacs are much cheaper – look into 10-year-old models, many of which are still more luxurious than many modern cars from non-luxury brands.
BMW
Alongside Audi, BMW is a premium German manufacturer that is known for its luxurious and high-performance cars. These cars are famously built for longevity – which means you can find many older models in great condition. Some of these models are very affordable considering how plush they are. New BMWs will unfortunately cost you a lot more – the only model under $40k is the 230i Coupe.
Lexus
Toyota’s luxury division, Lexus, is renowned for creating cars with superior comfort and meticulous attention to detail. You’ll find models in an array of timeless and sophisticated styles. The cheapest brand-new Lexus you can buy? A UX300 hybrid for $36,540. Used cars are much cheaper of course, and you can buy many 10-year old models that are still very reliable.
Acura
Acura is Honda’s luxury subdivision. These tend to be very reliable cars with many luxurious features. You can buy a brand new Acura for less than $30k – the Acura ILX has a starting price of $27,000. This is one of the most affordable new cars you can purchase from a luxury car brand. Make sure to compare used Acuras online, as you can find some great deals on some very lavish older models.
Lincoln
Lincoln markets itself in selling affordable beauty. This luxury subdivision of Ford has a number of very elegant cars at reasonable prices. Something that makes Lincoln stand out is how quiet their cars are – they’re soundproofed on the inside for a peaceful ride. Choose a pre-owned Lincoln to save even more money.
Mercedes-Benz
Mercedes-Benz has long been a symbol of luxury. Their cars have constantly pioneered technology, including many of the safety features used in car brands today. They’re also pushing forward EV technology. You won’t find a new Benz for under $40k, however, there are a surprising number of older models at very cheap prices, including older Mercedes GL Class cars for less than $20k.
