Depreciation can be an absolute killer for luxury cars, especially when selling privately. Without the backing of a dealer warranty, the risk of buying outside the manufacturer’s warranty period is too great a risk and prices can often plummet.
For car buyers with champagne taste on a goon-bag budget, here’s a list of ten used cars that will make you look rich for less than $40,000.
1. Maserati Coupe
As Ferrari’s slightly less desirable sibling, aging Maserati’s have had quite a horror track record for depreciation. Relatively low-mileage examples can be picked up for well under $40,000 along with the bragging rights that come with owning a Ferrari-sourced V8 engine with a very healthy 287kW.
2. Lotus Elise
The Lotus Elise has always been the ultimate driver’s car, offering supercar looks and performance on a budget. While prices have picked up slightly in recent years, a decent Lotus Elise can still be easily found around the $40,000 mark. Even high-mileage examples won’t scary away most buyers since the Elise shares its engine with the humble Toyota Corolla!
3. Range Rover Sport
As the ultimate suburban soccer mum’s car, the glut of used, high-mileage Range Rover Sport’s on the market mean prices are very competitive – with plenty to choose from even below the $30,000 mark. Despite this, the coveted Range Rover badge and dominating road presence mean they still ooze luxury car status.
4. Lexus IS F
As Toyota’s answer to the BMW M3 and Mercedes-Benz C63 AMG, the Lexus IS F was the brand’s first proper attempt at building a performance saloon which ultimately failed to grab the attention of buyers. But with a high-revving 5.0-litre V8 engine mated to an 8-speed automatic transmission, the Lexus IS F remains relatively modern even by today’s standards.
5. Audi Q7
As Audi’s first SUV, the Q7 enjoyed a stellar run from it’s introduction in 2005 all the way up to 2015 when the second-generation model was finally released. With only relatively minor cosmetic updates introduced during the Audi Q7’s lifecycle, the car remains fairly modern despite being over a decade old.
6. Porsche Boxster
So revered is the Porsche nameplate that even the humble Porsche Boxster is still associated with prestige and performance. For less than $40,000 you can almost take your pick of well-maintained, low-mileage examples and thanks to Porsche’s ‘blink-and-you’d-miss-it’ styling approach, some less astute bystanders could even mistake it for brand new.
7. Jaguar XF
Up until recently, Jaguar was considered to be the ultimate ‘grandpa’ car. While Jaguar has finally shaken the stereotype, it’s first attempt at a sporty modern luxury saloon – the pre-facelift Jaguar XF – hasn’t faired too well in the depreciation stakes. Priced at well over $100,000 new, the Jaguar XF has lost over half its initial value in just a few short years and can now be yours for less than $40,000.
8. Hummer H3
As a staple for rap music videos throughout the 1990s and into the 2000s, the Hummer has become synonymous with wealth and over-indulgence. This quickly deteriorated into becoming the poster child for global warming and general douche-baggery which has seen demand for the latest Hummer H3 drop significantly with no replacement ever introduced.