Many retirees are on a fixed basis budget once they leave the job market. Between Social Security, pensions, retirement plans and savings, retirees tend to pool their finances into a monthly budget of what they can spend. But how can you deny yourself a taste of the good life after working so hard all these years?
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The good news is that if you’re retired and want to indulge in your vehicle, there are many luxury cars on the market that are actually good investments for retirees.
For retirees looking to invest in luxury vehicles that offer a combination of comfort, performance and long-term value, here are some Top recommendations from some car experts.
Lexus ES 350
“Priced around $42,000, the Lexus ES 350 is known for its reliability and resale value,” said Geoff Cudd, founder of FindTheBestCarPrice.com.
The Lexus ES 350 “offers a smooth ride, luxurious interior and advanced safety features,” Cudd said. “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 opulence and value,” said Joyce Gutierrez, automotive expert at 4WheelOnline. She also highlighted that the G90 starts at US$90,450.
“At the heart of this opulent vehicle is a twin-turbo V-6 engine, delivering velvety power that ensures a smooth, effortless driving experience,” explained Gutierrez.
“Retirees will find a variety of luxurious amenities within the cabin to enhance comfort and relaxation,” said Gutierrez. “The ventilated and heated front seats have a massage function, perfect for relieving tension during long journeys.”
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Porsche 911
“This iconic sports car costs approximately $100,000, but is known for its strong resale value and exhilarating driving experience,” said Cudd, noting how the Porsche 911 is often viewed as a collector’s item, ensuring it continues to be a valuable investment.
“The Porsche 911 is a prime example of a luxury car that offers exceptional value for retirees seeking performance and prestige,” said Gutierrez. “This iconic sports car perfectly combines luxury and performance, making it an attractive choice for those who appreciate sophisticated automobiles.”
2025 BMW 7 Series
The BMW 7 Series is highly recommended for retirees who prioritize luxury and seek a vehicle that seamlessly integrates comfort, performance and cutting-edge technology, in Gutierrez’s professional opinion.
“This flagship delivers effortless performance, ensuring a smooth and powerful driving experience without compromising fuel efficiency,” said Gutierrez. “EPA ratings for the 740i model are impressive, boasting 25 mpg in the city and 31 mpg on the highway, making it an economical option for long trips and everyday use.”
All this and more for a starting price of $97,575.
Audi Q7
Starting at about $60,000, the Audi Q7 is a luxury SUV that offers ample space, advanced safety features and a refined interior, according to Cudd.
“Its versatility and strong brand reputation contribute to value retention,” said Cudd.
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Tesla Model S
“Although its starting price is around $90,000, the Tesla Model S is an excellent investment due to its cutting-edge technology, impressive performance and growing market demand for electric vehicles,” explained Cudd.
Cudd highlighted how the Tesla Model S also benefits from lower operating costs and government incentives.
Cadillac XT5
“This luxury SUV costs around $45,000 and offers a comfortable ride, stylish interior and a reputation for reliability,” Cudd said. “It’s a practical choice for retirees looking for luxury and value.
“These vehicles are selected based on their strong resale values, reliability and the comfort they provide, making them ideal investments for retirees seeking fun and financial prudence in their automotive choices,” Cudd said.
Photo Disclaimer: Please note that some photos are for illustrative purposes only and may not show exact models, base models, or specific trim levels of cars. As a result, some of the cars in photos may have different MSRPs than those listed in this article.
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