this post was submitted on 26 Jan 2024
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The trick is, luxury cars drop in value insanely fast. A 2 year old Audi is often about the same price as a new Honda. The problem these people don't account for is maintenance costs. They think they are getting a deal, then they are getting dragged down by an unreliable vehicle that they can't afford to fix.
If memory serves, the outliers here are Lexus and Audi which both score high on reliability ratings. I could be wrong though, is been a couple of years since I looked into owning a car.
True, Lexus is a Toyota brand, and at least historically shared a lot of parts with Toyota cars, so maintenance wasn't always crazy. In the case of Audi, they might be quite reliable, but I know repairs/maintenance, when needed, is very expensive.
Lexus is probably highly reliable but Audi's have the same problem as other German makes- tons of cheap plastic under the hood that disintegrates at around the 5 year mark. There are lots of YouTube videos about it.
Yeah I've been keeping an eye on old beaters just to drop my kids to school and a 20yo Volvo SUV is as cheap as a 20yo Mazda.