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Top 10 Used Luxury Cars

#10 2005 Chrysler 300

The standard features of the Chrysler 300 Base include 2.7L V-6 190HP engine, 4-speed automatic transmission with overdrive, airbag occupancy sensor, air conditioning, 17" steel wheels, cruise control, 8 way power driver seat, power mirrors, power windows, power locks, and auto locking doors.

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Before we launch into the list of the top 10 used luxury cars, let’s talk for a moment about why it’s a good idea to at least consider a previously owned model of a big ticket item such as a luxury vehicle. It’s a smart purchase because typically, the first owner of a new car takes the depreciation hit, the notorious percentage of the value a new car loses as soon as it leaves the dealer lot. In other words, the second day you own a new car, it’s worth far less than the day before, and it’s all downhill from there. The only way to avoid it, pretty much, is to not buy a new car (or to simply accept that it’s inevitable). It also helps if you aren’t financing the car in full – then the loan balance won’t be a constant reminder of the depreciated value. But it’s hard to buy a car in cash, which, again, is why buying used is an option worth considering. The top used luxury cars are likely to hold their value pretty well, which means buying a secondhand luxury vehicle is still going to be a fairly expensive purchase. At least you, as the hypothetical second owner, won’t suffer financially or psychologically from the initial sharp drop in value.

The word “used” is a little bit of a buzzkill; it can’t really be denied. That’s why so many used car dealerships adopt the word “preowned” instead. It’s a little easier to swallow. But if you’re shopping for one of the top ten used luxury cars, you’ll probably be able to find some options that aren’t quite broken in yet. And that’s another good thing about shopping for a used luxury vehicle – the quality means they tend to stay a little nicer. Shop smart, and your new-to-you car will look and feel timeless.