Many retirees live on a fixed budget when they leave the workforce. Whether it’s Social Security, pensions, retirement plans, or savings, retirees tend to budget for what they can afford on a month-to-month basis. But after years of hard work, how can you turn down the chance to enjoy a taste of the good life?
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The good news is that for those who are looking to retire and buy a luxury vehicle, there are plenty of luxury cars on the market that are actually good investments for retirees.
For retirees looking to invest in a luxury vehicle that combines comfort, performance and long-term value, here are some recommendations from several automotive experts.
Lexus ES 350
“The Lexus ES 350 starts at about $42,000 and is known for its reliability and strong resale value,” said Jeff Cudd, founder of FindTheBestCarPrice.com.
The Lexus ES350 “offers a smooth ride, luxurious interior and advanced safety features,” Cudd said. “And its low maintenance costs make it a solid investment.”
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2024 Genesis G90
“The 2024 Genesis G90 stands out as a worthy alternative to name-brand luxury sedans, offering retirees a blend of luxury and value,” said Joyce Gutierrez, an auto expert at 4WheelOnline. She also noted that the G90’s starting price is $90,450.
“At the heart of this luxurious vehicle is a twin-turbo V6 engine, providing smooth power to ensure a fluid and effortless driving experience,” Gutierrez explained.
“Retirees will find plenty of luxury amenities inside their vehicles to enhance comfort and relaxation,” Gutierrez says, “including ventilated and heated front seats with massage capabilities, perfect for relieving tension during long drives.”
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Porsche 911
“Prices start at approximately $100,000, but this iconic sports car is known for its high resale value and exhilarating driving experience,” Cudd said, noting that the Porsche 911 is often viewed as a collector’s item, ensuring it remains a worthwhile investment.
“The Porsche 911 is a prime example of a luxury vehicle that offers exceptional value for retirees seeking performance and prestige,” said Gutierrez. “This iconic sports car seamlessly blends luxury and performance, making it an appealing choice for those who appreciate luxury vehicles.”
2025 BMW 7 Series
In Gutierrez’s professional opinion, the BMW 7 Series is highly recommended for retirees who value luxury and want a vehicle that seamlessly integrates comfort, performance and cutting-edge technology.
“This flagship sedan delivers effortless performance that ensures a smooth, powerful driving experience without sacrificing fuel economy,” said Gutierrez. “The 740i model boasts impressive EPA ratings of 25 mpg in the city and 31 mpg on the highway, making it an economical choice for long-distance drives and everyday use.”
All this and more is available at a price starting at $97,575.
Audi Q7
According to Cudd, the Audi Q7 is a luxury SUV that starts at around $60,000 and offers plenty of space, advanced safety features and a sophisticated interior.
“Its versatility and strong brand reputation help it maintain its value,” Cudd said.
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Tesla Model S
“The Tesla Model S’ starting price is approximately $90,000, but its cutting-edge technology, superior performance and growing market demand for electric vehicles make it a great investment,” Cudd explained.
Cudd highlighted that the Tesla Model S also benefits from lower running costs and government incentives.
Cadillac XT5
“This luxury SUV starts at $45,000 and offers a comfortable ride, stylish interior and a reputation for reliability,” Cudd says. “It’s a practical choice for retirees who want both luxury and value.”
“These vehicles are selected for their high resale value, reliability and comfort, making them an ideal investment for retirees who want both fun and financial prudence in their vehicle choices,” Cudd said.
Photo Disclaimer: Some photos are for illustrative purposes only and may not feature the exact model, base model, or specific trim level of the vehicle, therefore some of the vehicles pictured may have a different MSRP than stated in this article.
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This article originally appeared on GOBankingRates.com: 7 Luxury Cars Worth Investing In For Retirees
