What is luxury?

The state of great comfort and extravagant living.”he lived a life of luxury”

synonyms: opulence, luxuriousness, sumptuousness, grandeur, magnificence, splendor,lavishness,the lap of luxury,a bed of roses,(the land of) milk and honey; the life of Riley “we’ll live in luxury”
luxurious or of the nature of a luxury. “a luxury yacht”

Insurantly Compares The Best Luxury Cars

inside of a luxury car

When the first true automobile was introduced in the late 1800s by Karl Benz, this and all automobiles that followed for the next few years were considered luxury vehicles. It was only after Henry Ford was able to bring down the manufacturing costs from $850 for the Model T to $440 that many car models began to sell fast and cease to be a luxury indulgence.

The only exceptions were the custom-built cars from Packard but even this company succumbed to pressure and began offering low-cost models around the mid 1930’s.

Luxury cars began to show up once again with Chrysler and Lincoln and the brands from Europe which began to start appearing in American streets like BMW, Mercedes Benz, Audi, Lexus, and Jaguar. Entry level luxury (ELL) cars took over the mid-priced cars and thus there are now different types of luxury cars including electric and hybrid on the global market.

They are categorized as: Entry Level Luxury Cars, Executive Luxury Cars, Full Size Luxury Cars, Ultra Luxury Cars, Luxury SUVs.

Others such as Special Luxury Cars that includes classic vintage cars, sports cars, hybrid, and electric cars.

Best Luxury Cars Under $10,000

Two of the top best luxury cars in the world are the Mercedes Benz S Class and the BMW 5 Series. If you want luxury at a budget, use these two as your benchmark because they have been at the top of industry for decades.

They have also dedicated hours on R&D with an almost limitless budget to being cutting edge technology and features to the motoring consumers with special attention to gas mileage, safety, and performance..

The Mercedes Benz E-Class


Sophisticated, classic, and powerful best described the Mercedes Benz E-Class. It can jump from 0 to 60 mph in 4.7 seconds. For a used luxury car under $10,000, you will have to settle for a 2000 to 2003 model.

And as long as the car is properly maintained, you will enjoy the refrigerated console, real wood instrument panel, and unique control panel. Mechanically, it is a choice of a 3.2 liter V6, 5 liter V8, or a 5.4 liter V8.

Saab 9-3


The Saab 9-3 is not aesthetically luxurious-looking but once you sit inside the car, consumers have commented at how amazed they are with the interior particularly leather seats and the way the car performs. More importantly, it has consistently been graded high on safety features which performs toe-to-toe against the E-Class and the BMW M3.

Also, for your budget of under $10,000, you may find recent Saab models (2004 to 2007) floating around if you take your time and vigilantly look for them.

Best Luxury Sports Cars Under $30,000

The best luxury cars to dream of one day owning should include the hybrid La Ferrari which went on a limited run of just under 500 units. In terms of power unit output, you cannot get it any higher. It has a tag price of $1 million which is way above the budget of most people.

However, just because one of the most expensive sports cars is off your list does not mean there isn’t any used luxury sports cars under $30,000 available. Here are a few choices:

The 2013 Mazda Miata

2013 Mazda Miata

The Kelley Blue Book ranks this sports car with 4 stars and many other auto car experts agree. It drives well and enjoys a low curb weight which adds to the fun value under most road conditions. As with well-loved sports cars, it is a top down although the soft top is manually operated; it lends a classic feel without the fussiness.

It also has power at 158 HP for the automatic transmission and 167 HP for the manual. To cap this choice, it is fuel efficient at 21 MPG for city driving.

The Nissan 370Z Coupe

Nissan 370Z Coupe

In the 1970s, the 240Z was known as a Datsun. Back then it was light and affordable as a new sports car. Today, the weight had increased and the features have improved. The 2009 model showed Nissan’s true grit in trying to recapture “the old glory” of the 70s but with improvements such as the 332 HP with 7 speed automatic option.

Ford Mustang

Ford Mustang

Great ride because it is responsive and comfortable even though the suspension can be a little stiff.  The V6 base model will give you 305HP and 280 torque, 19 MPG for city driving with 0- 60 mph in 5.6 seconds

Best Used Luxury SUV Under $40,000


The all wheel drive BMW X3 has evolved incorporating the best traits for a SUV in term of cabin space, practicality, performance, and performance car characteristics. What it has thrown out is the old SUV myth of being a gas guzzler, thus, making it a great choice that delivers performance and good gas mileage.

Aside from the X3, there are several other small all wheel drive compact SUVs and crossovers like the Honda CRV, Toyota RAV, and the Mazda CX7.

Ultra Luxury Cars & Luxury Sedans Under $50,000

There are a number of used ultra luxury cars for under $50,000 and these listed below is a cross-section of what you can expect to find in the secondary market. They are also luxury cars that hold their value aside from being known as among the top luxury cars in the world.

The 2014 Mercedes Benz CLA45 AMG

The 2014 Mercedes Benz CLA45 AMG

Among all used luxury sedans, this Benz model is known for being one of the lower-priced Mercedes Benz AMG models; it is a good buy for under $50,000. Turbocharged with 355 HP makes it an impressive sight on the highway.

It weights a little less than 3,500 pounds which gives it a 9.842 power-to-weight ratio. Needless to say, it has the trademark elegance and engineering you can only expect from the German brand and being among the affordable luxury cars makes it all the more special.

BMW 5 Series

BMW 5 Series

The F10 5 series has been around for decades and this model has a plethora of options to choose from. Under the $50,000.00 budget, the 525d saloon is a very accomplished luxury sedan with the assist of the latest diesel technology to attain outstanding performance and best in class fuel mileage. The 5 series is oozing in refinement and cabin space.

In summary, to buy used midsize, full size, family, luxury cars or even vintage cars, there is an element of care and diligence required to safeguard your investment. It’s different for luxury cars for lease since you use it for a limited time only which does not require making a dent in your bank account.

One idea you might want to consider is renting the luxury car you are thinking of buying so you can review its performance and whether it is good on gas, good in snow and other weather conditions before putting down hard-earned funds on a luxury car.

As for luxury cars for people with bad credit, it would be wiser to work on improving your credit first so you do not have to deal with high insurance costs and other expenses that may be affected by your poor credit.

Whether you drive a sports car, SUV or other type of luxury car, it will impact your insurance premium

The tale of two sizes: Small sports cars vs. Larger SUVs

If you have made up your mind and are in the market to purchase a new vehicle one the most over looked “costs of ownership” is auto insurance premiums. On top of the hefty loan or lease payment a luxury vehicle carries there is also your new monthly car insurance payment.

Did you know that insurance costs can account for over 10% of your total cost to own or lease a vehicle?”

While sports cars tend to be driven at high rates of speed thus increasing the likelihood of a car accident, or speeding tickets, they are seen as more risky and thus more to insure. The younger generation also tends to flock to these kinds of cars, which of course car insurance companies consider high risk drivers.

SUVs on the other hand are larger vehicles, have high costs to repair, and may impart greater damage to other cars. These facts alone will drive up your liability insurance that covers damages to others.

The Cost of the MSRP May Impact Your Car Insurance Rate

One of the first things insurance companies evaluate is the price of the car in order to set your policy premium. The general rule of thumb is that the higher the price of the vehicle the more it costs to repair them. Foreign cars in particular cost more to repair and to replace.

What is the horsepower of your luxury vehicle?

Generally speaking vehicles with more horse power get into more accidents and file more car insurance claims. If you are set on buying and owning a luxury type of vehicle here are the top 5 things that can keep your car insurance costs down:

  1. Location matters. Where you live and drive matters to the insurance company.
  2. Your driving record matters. If you want to keep your auto insurance costs in check while owning a luxury car drive safely, and avoid obtaining a bad driving record.
  3. Are you  a commuter? How far your actual commute will impact how the insurance company prices out your rate.
  4. Your Credit history. Not every state is allowed to use credit as a rate factor but insurance companies will use your credit as a gauge for responsibility. Try to maintain good credit if you are to buy a luxury vehicle.
  5. Your health and age. Believe it or not these matter particularly your age. Male drivers under 25 for example carry very high rates of insurance. Owning a luxury vehicle in this age range will surely skyrocket your insurance costs.

How much is car insurance on a luxury car?

Let Insurantly help you compare auto insurance on any type of luxury vehicle. Start below and enter your zip code. Top car insurance companies will be listed on the results page. Select your company and complete your quotation with the carrier.


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