Lots of retirees are on a fixed budget once they leave the workforce. Between Social Security, pensions, retirement plans and savings, retirees tend to put their finances together on a month-to-month budget of what they can spend. But how can you deny yourself a taste of the good life after working so hard all those years?
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The good news is that if you are retired and are looking to indulge when it comes to your vehicle, there are lots of luxury cars on the market that are actually good investments for retirees.
For retirees looking to invest in luxury vehicles that offer a blend of comfort, performance and long-term value, here are some top recommendations from a couple of car experts.
Lexus ES 350
“Priced around $42,000, the Lexus ES 350 is renowned 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 the famous-label luxury sedans, offering retirees a blend of opulence and value,” said Joyce Gutierrez, an automotive expert for 4WheelOnline. She also pointed out that the G90 has a $90,450 starting price.
“At the heart of this opulent vehicle lies a twin-turbo V-6 engine, delivering velvety power that ensures a smooth and effortless driving experience,” Gutierrez explained.
“Retirees will find an array of luxurious amenities inside the cabin to enhance comfort and relaxation,” Gutierrez said. “The ventilated and heated front seats have a massage function, perfect for easing tension during extended drives.”
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Porsche 911
“This iconic sports car starts at approximately $100,000 but is known for its strong resale value and exhilarating driving experience,” Cudd said, noting how the Porsche 911 is often seen as a collector’s item, ensuring it remains a valuable investment.
“The Porsche 911 is a prime example of a luxury car offering exceptional value for retirees seeking performance and prestige,” Gutierrez said. “This iconic sports car seamlessly blends luxury and performance, making it a compelling choice for those who appreciate fine 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 state-of-the-art technology, in Gutierrez’s professional opinion.
“This flagship sedan offers effortless performance, ensuring a smooth and powerful driving experience without compromising fuel efficiency,” Gutierrez said. “The 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 drives and daily use.”
All that and more for a starting price of $97,575.
Audi Q7
Starting at around $60,000, the Audi Q7 is a luxury SUV that provides ample space, advanced safety features and a refined interior, according to Cudd.
“Its versatility and strong brand reputation contribute to its value retention,” Cudd said.
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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,” Cudd explained.
Cudd highlighted how the Tesla Model S also benefits from lower running costs and government incentives.
Cadillac XT5
“This luxury SUV starts at about $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 both 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 who seek both enjoyment and financial prudence in their automotive choices,” Cudd said.
Photo Disclaimer: Please note some photos are for illustrative purposes only and might not feature exact models, base models or the cars’ specific trim levels. As a result, some of the cars in the photos might have different MSRPs than the ones listed in this article.
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This article originally appeared on GOBankingRates.com: 7 Luxury Cars That Are Worth the Investment for Retirees
