Buying a luxury car is a serious commitment, and it’s important to be smart when making that decision. Purchasing a vehicle just because it was your dream car as a child is a sure recipe for disaster. Some brands get more respect from more savvy luxury car buyers, and those cars lose their value fast. You might also have to wait a lot longer for someone to take it off your hands.
This is why it’s important to know which vehicles retain their value the best. Knowing this could also help you find out what you can expect to get for your current vehicle on the market. Here are some luxury car brands that are known to retain value.
One of the top reasons why Acura vehicles tend to depreciate at a much lower rate is because they put a lot of effort into making vehicles that are reliable and durable. You rarely hear of issues with Acuras, and luxury car owners and buyers love knowing they won’t have to spend more on repairs than the cost of the car. Parts for Acuras are also plentiful on the after-market and are much more affordable than many other brands.
Mercedes Benz did not become arguably the most popular luxury car brand in the world for nothing. Their vehicles are expertly made, from the silhouette to the tuning and the often ground-breaking technology they feature. The S Class in particular is a great choice for people who want a vehicle they’ll be able to sell pretty fast. Selling Mercedes Benz S Class can be done in as little as a day and these services will back up their prices against any competition. These make it even easier to sell your vehicle and get the most for it.
Audis are also big winners on the aftermarket, and if you own one, you don’t have to worry about not being to sell it once you’re done with it. Most of their models will maintain their value well past 36 months. They’re also one of the most reliable car brands in the world.
While Chevrolet is not a luxury car brand per se, their luxury vehicles make the top of the list in terms of value. And one of the points in Chevrolet’s favor is that parts are very easy to find in the US. The Corvette, in particular, is a great choice for people who want to get the most for the buck and have something left when they’re done with it.
Lexus is also a great brand for value. Lexus vehicles have very few issues with them, and the spare parts are reasonably priced as well. Getting a Lexus serviced is also easier than many other luxury vehicles. A great option for an entry-level sedan that will last you a lifetime.
If you are in the market for a brand new luxury vehicle, or already own one of these and want to know what to expect, there are all great options. Others might work too, but make sure to choose wisely.