Oh, c’mon, we all have definitely dreamt about a sparkling and luxury car in our favorite colour, period! However, owning a luxury car can be super-challenging as it will be a huge investment. No matter which brand you prefer to fuel your luxury car passion, have you ever imagined how much value it will lose over time? Some luxury cars can lose half of their value within five years.
Whether it’s a spacious Sedan or a stylish BMW, in the end, quality and value that matters. According to experts, there can be many reasons why luxury cars lose their resale value so quickly, including outdated technology, limited car purchasers, and the brand’s reputation, among others.
In this article, we will discuss the top 5 Luxury cars with the worst resale values so that you can avoid investment trouble.
5 Luxury Cars With the Worst Resale Value
Below is a list of the top 5 Luxury Cars With the Worst Resale Value
- Range Rover
In our list of the top 5 luxury cars with the worst resale value is the Range Rover. The vehicle needs special maintenance to preserve its appeal. Frequent repairs for engine, electrical systems, and suspensions are also expensive. These drawbacks discourage secondhand customers from buying it and reduce its resale value.
- Maserati Ghibli
This luxury car is another big ” no ” to buy because of its lack of reliability and some major engine problems. Although it is pleasing and stylish, fuel leak issues can depreciate its value. You can avoid this, too.
- Tesla, X, S
When it comes to buying a pre-owned Tesla, buyers can feel disappointed by the battery failure and outdated technology. According to Pyle, “With time, the battery starts to degrade, and you will lose the miles like from 300 miles ( when new) to 270 miles after 3 years.
- Audi A3, A4, A5, A6, S4, Q5
Several Audi models hold their values amazingly better than other luxury vehicles, However, Mistri stated that the resale cost of these models can degrade due to expensive repairs, parts, and warranties.
- BMW
Lastly, we have BMW. Many of you may be surprised by this one, which is quite reasonable. Beneke, with more than 20 years of experience in this industry, stated that BMW has the worst resale value due to its oil leak issue, weak electrical system, and costly parts.
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