@@dragospahontu nu e neaparat sa fii mecanic pentru a'ti da cu parerea despre masinile second hand. Ma gandesc cand spun asta si la Vlad Micsunescu, Luci Popa etc. Doug a detinut cateva masini pana acum plus ca a intrat de-a lungul vremii cu destule situatii si oameni in contact, aspecte ce il pot califica sa isi de-a cu parerea. Parerea mea. 🙂
Scott is one trick pony. Always complaining about BMW, Mercedes and Audi. Live a life and enjoy your luxury car before you get to be a grumpy old grey-haired man driving a Toyota and counting pennies.
Great advice. I love that Doug still understands the average Joe. I’d love to have a nice used 911 or Cayman, but I worry I couldn’t afford the maintenance and repairs. I drove my first 911 a couple months ago, a nice used one, older and but only about 40,000 miles. But as much as it appealed to me I just don’t believe I can “own” the car as Doug said. I don’t have the money to put away to keep the car up the way it needs, so I’m holding off. Maybe I’ll never have one, but I can keep dreaming.
@@YungEagle3k THIS I was looking at a 911 then found a C5 for sell with only 33k miles. I had it for two years and only changed the oil. Great bang for the buck.
Caymans are considered very reliable btw, though some of the engines do have problems - again, do your research. Personally, Ive bought a F80 M3 with 80k km a year ago, and set aside money for repairs, but a year and 8k km later everything works perfectly and apart from new tyres, Ive only spent $600 for regular maintenance at the dealer.
This is a great bit of advice. I used the same line of logic when I bought My Jaguar XFR, I wanted a supercharged Jag, I researched a long time, found a couple years range where I could afford the parts and they had stronger reliability (AJV8). And pulled the trigger. I also prepared myself to do a lot of the work by having the right tools to do most of the maintenance, being resourceful in finding parts, and critically, having a backup vehicle to drive when I need to make repairs to the Jag. I have to say, its been a fantastic ownership experience, and I really have enjoyed it! It's also pushed me to learn things about the auto industry that I didn't know before and I've grown thanks to those experiences too! RESEARCH is key!
i did a ton of research, bought an xk8 with timing chain tensioners and all done, car was basically perfect 80k miles, apparently trans needs to be rebuilt got quoted 5500. i love the car so much but it was definitely a kick in the stomach, i guess you never know for certain, had it for 6mo zero issues but guy says the drums are deteriorated? best of luck with yours, i still love them.
I bought an XKR 4.0 with aftermarket intake, supercharger and exhaust. So far I’ve changed only the battery, and got my exhaust mended. Really the only thing that bothers me is the fuel consumption lol (12 day update!) My engine blew up lol
The backup vehicle is key. Two amusing examples of former colleagues. One would come into work in either a Subaru Impreza WRX or a Daewoo Matiz. The other had a Caterham 21 but had to drive his backup, a Citroen Saxo, for over a year while Caterham made him a new chassis because the original rusted through.
@@TakuroSpirit77 yes, a specialist Lamborghini mechanic told Matt they drive better and are more reliable when driving more often. Problem is they get terrible gas mileage for what power you make.
Premium cars, premium problems 🙂 Another thing: I am always amused when Doug says to check out carsandbids, he almost flies of the screen with enthusiasm 😀
𝐒͠𝐩͠𝐞͠𝐜͠𝐢͠𝐚͠𝐥͠ 𝐝͠𝐚͠𝐭͠𝐢͠𝐧͠𝐠͠ 𝐟͠𝐨͠𝐫͠ 𝐲͠𝐨͠𝐮͠➺ sexy-nudegirls.host Anna is a beautiful girl. He's the person I love, he's my light day. The way the music flows and sounds is extravagant and fun. Anna is icon, legend, beautiful girl, princess, inspiration, a star. I could go on and on, understand this. I love NBA Anna.#垃圾
Cars and Bids…where you can buy used performance and luxury cars…don’t buying these cars…but if you do buy one of these cars, they are available on Cars and Bids…lol
Thought I would share some thoughts on my experience below: I bought a 2013 CLS550 with the biturbo V8 in late 2021. Had 125,000 miles, but drove better and was in much better cosmetic condition than all the lower mile (and higher priced) examples. Also had impeccable service records at the Mercedes dealer from its 1 owner. It has been an excellent ownership experience thus far, with lower than expected maintainence costs. This car has been MUCH more trouble free than my Lexus LS460L I had before the CLS. The car drives like a dream and puts tons of power down very well. The low RPM twin turbo power even thoroughly wowed a Hellcat owner who took a spin in it. I have owned several newer Lexus cars and other luxury cars from several other brands, but the Mercedes is so different in a truly wonderful way. I love the CLS 4 door coupe bodystyle so much, especially the fold down rear seats, providing extra cargo space for the already large trunk. I'll be getting a 5.5l biturbo CLS63 in a few months, very excited! Moral of the story, do your homework and don't be afraid to go for a higher mileage German car as long as it doesn't have too many owners and a good service history. The Mercedes engines and transmissions are known for running forever if well maintained. Always get a pre purchase inspection if in doubt! Thanks for reading!
I have a 2014 cls550 stage 2 dme and downpipes and man it’s an amazing car for under $28k. these are bulletproof vehicles. the sound of that v8 and how fast they are is insane.
Very good information Doug, I did my research and bought a 3 year old, low mileage, and single owner A6, making me a happy driver of a luxury German car for my first time. 😀
I wholeheartedly agree. As my first car, I bought a 2005 E320 4Matic, which I then converted to CNG (Because economy). I knew it would be risky, and I have already replaced the SBC unit (cost me $350), but luckily, parts for these models are somewhat easy to source, given that you have a few connections here and there. This applies to all cars, whether new or old. If parts are easily sourced and labor does not cost a lot of money, then the car in question is worth it.
I recently bought an Acura TL, 3rd gen, (2008, 110k miles) for a steal, right before used cars skyrocketed. I love it. It's In great condition, and pretty darn quick, believe it or not. Almost perfect black interior, heated seats, heated mirrors, seat memory positions, navigation, backup camera even though it's outdated it's way better than nothing. Yeah I recommend it especially if it's from a manufacturer like Toyota or Honda with their luxury division
Is that the 05+ style? Those are pretty nice, and pretty quick and fun too. I used to work at a dealer when they were new, they were my favorite car, especially with the manual.
@@dtay8913 I have honestly hated Scotty Kilmer for a few years. Scotty is a BS and biased idiot. Basically saying only buy Toyota and nothing else makes it hard to take the advice seriously. Doug had basically said in one of his videos a few years ago and I agree with this, I wouldn’t take advice or trust a review from someone who has had 12 Volkswagens and and they are obsessed with that brand and the recommend/review the Jetta for example. It’s the same thing with not taking Scotty Kilmer’s car buying advice as far as what to buy goes.
Your mannerisms are admirable. You're so humble, with such a forthcoming and honest approach to the video as a prefix. Yet so gentley flexing the GT in the background. Lol
One of the BEST videos pertaining to the question. I’ve owned 25 cars in my lifetime. Everything from sports cars, SUVs, exercise economy and luxury cars. I’ve had this same discussion and I mimic what you said in this video. I have friends who spend tons of money on watches or shoes or traveling around the world. I explained that those things make them happy then do it. For me, I’m an auto enthusiast. I love driving cars and going across the country by vehicle. For me, spending money on something that puts a smile on my face is worth it.
I bought a Lexus LS400 from 2000 a month ago. So for my experience has been tremendous. I think it's all down to the previous owner. I bought the car from an enthousiast who took care of it like it was his child for 20 years. With that level of attention and care, there is little room for surprises. Still, maintance and gas are extremely expensive here in The Netherlands... Still it's an amazing car which I plan to drive for many years to come!
Nice pick up. Last fall I got myself a 2000 LS400. Probably not in as nice condition as yours, but still pretty clean for a car of that age. Came with coil overs and 18” gold BBS wheels so that made up for it too. Yes it’s a bit pricey on gas, but it’s totally worth it for the joy it brings me every time I turn that key. Absolutely LOVE this car, never selling it. 240000 Kms and aiming for a million. 1UZ for life.✊🔥
I bought a 2007 Town Car Designer series top dog. MSRP was 54k new. It had 52k, air suspension issues and warm ac. Also radio did play. Paid $3500. Went to shock and coil on the rear, charged the AC, replace the radio myself and did a tranny service. Been 3 years and have 77k with zero problems!!! One of the best rides with the taxi reliability of Ford's 4.6l and 4spd tranny. If you do have issues parts are readily available and easy to work on. Known to go 250-400k. This is my 2nd and both very solid.Thanks
I have an ‘04 Cayenne Turbo. It costs a lot to maintain but it is reliable. But I get a twin turbo V8 remapped to 500hp and I have air suspension with 5 level, diff lock, alcantara inside, 3 suspension/driving modes, heated seats everywhere, amazing BOSE sound system etc. The overall feel I get, that it’s fast, comfortable, durable, I can even take it off roading, looks cool in my opinion and I paid like 15% of the sticker price when it was new. Even if I add up all the maintenance costs with the cost of the car, it is still much less than a new Corolla and what I get is an incredible experience every day when I’m driving it. To each of his own. I understand that I have to pay quite a lot to maintain it, but it’s still worth it. Doug said it right. If you want it and have a bit of spare money for repairs, it’s a no brainer. Best decision ever.
I’m surprised Doug didn’t mention #3. You absolutely must have a trusting relationship with a mechanic that will work on the car. If you have a great Bentley but no trusted mechanic within 100 miles that works on Bentleys, your savings and your research won’t make up for how much stress and struggle even minor issues could create.
Recently bought a "spotless" 04 Jag XJR (80K miles) with stack of service records for $10K. Even with Jag maintenance costs, this is a good deal no matter how you slice it.
I'll never forget when I overheard my Aunt and her husband talking about purchasing an Audi A8. I stated, "Aunty I know that you can afford that car without any issues". She stated, "Affording it is not a problem for us. Factoring in the cost of long term maintenance over ten years is the problem." They like to keep cars for many years. She had done her research and was aware over the over engineering some European car makers do to their vehicles. The Volvo V70 T5 that they have is still running with 300k plus miles and they are very happy.
Usually 7 years old is the sweet spot for a used car. It gone through the majority of its depreciation but is still new enough to not have too many mechanical problems. Lexus and Acura are the best because they are very reliable and parts are easily available as they are usually interchangeable with Toyota and Honda parts.
Exaclty. I'm from germany and always wanted to drive a W126. So I bought a 300SE that could drive with autogas. Autogas is much cheaper than regular gas (benzin). Also it has almost no extras. The less extras, the less can get broken. :) It was my daily driver for 3 years and it was reliable, as mercedes from that era are. I was lucky to live near Stuttgart at that time, where car mechanics knew how to fix this cars and spare parts weren't any problem. It was a totally affordable, classic luxury car. It had that feeling, that only those cars can deliver. A 300SD should be almost unkillable. :) Luckily there are some in germany. Maybe in the future ......
You're spot on with this video man! I've got 2 cheap luxury cars, a Porsche Boxster S 986 2003 and a BMW 750i e65 2005. Got a great price on both of them. However, I did exactly what you mention in the video, research the car, the engine, the gearbox , research model years and research individual cars. Maintenance records, previous owners etc etc. And as you say, I do keep some money aside if shit hits the fan. I hate depreciation when I buy cars and I love luxury fun vehicles with large engines so I believe for me it's a great deal. My friend is the total opposite of me and just wants to drive a new car all the time. Last year he sold his 1.5 year old Mercedes a250 and lost about $17 000. And me, I own 5 old vehicles with little to no problems and have probably spent less that $2.5 grand on repairs and maintance in the last 1.5 years. I'm happy at least 🙂
𝐒͠𝐩͠𝐞͠𝐜͠𝐢͠𝐚͠𝐥͠ 𝐝͠𝐚͠𝐭͠𝐢͠𝐧͠𝐠͠ 𝐟͠𝐨͠𝐫͠ 𝐲͠𝐨͠𝐮͠➺ sexy-nudegirls.host Anna is a beautiful girl. He's the person I love, he's my light day. The way the music flows and sounds is extravagant and fun. Anna is icon, legend, beautiful girl, princess, inspiration, a star. I could go on and on, understand this. I love NBA Anna.#垃圾
@@johanw1163 it was! There was a little twist though, it was a non running vehicle, it had been in storage for 16 months. We knew the owner though, and he paid half the price of getting it going
Your point of researching is key. Years ago I bought an 05 Subaru Legacy gt, not knowing that there was an issue with the oil filter heading to the turbo. It ultimately cost me the turbo then the engine. These little things will ruin a car, without even knowing about it
Interesting point, the engine in our explorer, the 3.5 duratec, is known for being extremely reliable. But a few people have had issues with the internalized water pumps ruining the engine, not a very common problem, especially with new models with that engine, but it was more common on pre 2012 cars. While our 2017 shouldn't be as effected, it's good to know about.
@@buss1205 Goddammit Buss, you couldn't be more right. I wish I were more versed in tuning. I ultimately ended up porting the turbo and getting an sti block. Ultimately blew that garbage trans
I have had an interesting real-life experience that has been an epiphany on “old luxury car ownership”. I inherited a 1971 Mercedes Benz 280 SE. This is the IDEAL car to own! Hand built. German reliability. Accessibility to most parts (still… and MANY from Mercedes Benz directly!). A stunning and beautiful car, and a joy to drive.!!! Fun!! The Germans won.
My dream car is an r63 AMG. It's very rare but has a lot of parts from the M-class SUV and it's pretty reliable. I don't think I can afford one now but what I would do is make sure to have enough money in a "rainy day" account if anything were to go wrong. I would also make sure to have a second car that would be a more reasonable/reliable daily driver.
The best advice in this is if it’s a priority you will find a way. I want to own an airplane, the key is own it I can currently afford to buy one but the maintenance is outrageous and currently I can’t afford to own it.
A very big problem is that way to many people don't know anything about cars, even if they pretend that they do. The fact that they want to buy a used performance/luxury car only worsens the situation. I say that if you are a good DIY person regarding cars, then you have a much greater choice of used luxury/performance cars (because you'll find often the problem on your own and also be able to fix it). But if you don't know many things about cars, if you have superficial knowledge like Google answers on car mechanical questions, then just ask for the help and advice of an experienced person, cause otherwise, literally any fault of that car will bring you in a world of pain.
Just as a reference and my thoughts , I purchased a 2016 Mercedes C300 with around 35,000 miles last year ( before the car price explosion) . That same car right there was the same price as a brand-new Honda Accord. Sure, it will probably be more expensive in the long run, but not that much more. It’s an entry-level luxury car, and the manufacturers know they can’t have massive things go wrong on their entry-level cars, or else no will buy them. My viewpoint is, I drive a lot, more than 1000 miles a week. I’d rather buy a used car that I will enjoy and look forward to driving, then a standard every day car. Just my thoughts
I learned this with a 07 caddie STS I had bought last year. Loved the car it was a smooth ride till I had to replace the motor an fix the electric steering. Had to give it up that bill was nuts lmao
If you are young and don’t have a lot of money, please don’t get a luxury old car. I made that mistake just because it looked cool. Every month it was a pain to think what was going to break next. That feeling was horrible. Most the time this will happen, you may get lucky and get a reliable one but is like going to the casino
Also, determine what you are willing to go through even if you know what to expect. A less expensive example when I bought my 2001 F250, 7.3L diesel in 2011. It had 75K miles and wasn't necessarily cheap. I knew I wasn't going to find another one with so few miles very easily. I also knew the transmission was going to fail, all 2001 7.3L diesel transmissions fail unless you preemptively get it fixed by getting the "mechanical diode" removed. I was going to get it fixed, but it failed quickly and I had to repair it. I didn't get upset and was prepared to fix it. The truck now has 140K miles on it and still going great!
As someone who bought the cheapest XC90 V8 in Australia recently, I'd say no, don't. Stuck at my sister's after it overheated on the Logan motorway tonight in Brisbane. Flip side is my sister drives one of my BMW's, an 02 525i with almost 400 000 km on the clock, and it is bulletproof.
Don't forget to factor in your time in the cost of ownership. Your time has value and the hassle of bringing your high-maintenance car to the mechanic, or time you expend to fix it yourself, has a cost associated with that time. Monetarily and in time lost that you could be doing something else you value or that simply needs to be done.
Ok, back in 2007, I was looking for a Honda Accord. Most were around $17k, for a certified pre-owned. I then checked out my local Acura dealership and came across a 2004 Acura TSX for $13k. Since the TSX is basically a fully loaded 4-cylinder Accord with 40 more HP. It kinda was a no brainer considering the Accords I was looking at. It was a certified Pre-Owned and well priced, and mechanically identical to a Honda Accord for LESS money. I don't know if I was pointlessly lucky, but it seems that if you're looking at an Accord or Camry maybe going to a Used Acura or Lexus could be a good option. Because, at least in my case, a fully loaded Accord around the same year as the TSX (which is already fully loaded even as a Base model compared to the Accord) was MORE expensive and less powerful. Would I buy a Used Lexus or Acura? Probably, they should be comparable to Toyota and Honda for maintenance. Would I buy a Used BMW or Mercedes? Not likely, I don't think that reliability is best, and maintenance can be expensive.
𝐒͠𝐩͠𝐞͠𝐜͠𝐢͠𝐚͠𝐥͠ 𝐝͠𝐚͠𝐭͠𝐢͠𝐧͠𝐠͠ 𝐟͠𝐨͠𝐫͠ 𝐲͠𝐨͠𝐮͠➺ sexy-nudegirls.host Anna is a beautiful girl. He's the person I love, he's my light day. The way the music flows and sounds is extravagant and fun. Anna is icon, legend, beautiful girl, princess, inspiration, a star. I could go on and on, understand this. I love NBA Anna.#垃圾
That's because if you plan to do the maintenance/repair by yourself, you'll find that Lexus/Acura have essentially the case upkeep costs as the Toyota/Honda counterparts. But people within the normal distribution don't know how or have time to do such things, hence the market adjustment.
Not just maintenance but luxury gas too! Almost all euros require 91. In CA where it’s 5.25/gal it makes it more difficult to justify. Unles the MPG is amazing that’s another story.
I really like the insight that people see what maintenance and repairs cost, but fail to realize the cost of depreciation. That's why I love my Lexus IS300 2001 - nothing breaks, only minor front brakes issues from time to time (common thing that can easily be solved with swapping brakes for other manufacturer). I got comfortable, practical car with 210 HP, 3 litre Inline 6 2JZ engine that has already done it's depreciation and it's so cheap to own from every perspective. I am looking to buy Corvette C5 for the same reason. Generally American sports cars (mustangs, corvettes, ford GTs) and Japanese luxury cars (see Lexus) when old are not that expensive to maintain (compared to Euro cars) and you can get relatively cheap car with reasonable running cost.
Used luxury car (CPO) is really good for people who could afford to own the car but do not want to or cannot afford the new car price. A new 2017 Audi A6 Technik would cost 89,000 or more, but after three year as CPO with less than 30,000 km, it would cost around 45,000 to 56,000. It almost lost half of its value but still in very good condition. You can enjoy the CPO A6 for more than 5 yrs and 70,000km to 90,000km worry free. And CPO usually comes with available CPO warranty which will help you to save some potential repairs cost.
You can use the time saved of not studying the faults, but use the time instead' to learn how to repair the faults yourself... That'll save you money too. I bet the range rover timing chains aren't even close to $6000 if you change them yourself. I had a car younger (2.2 B-model ascona) that starded to smoke a lot. I Bought a haynes repair manual, picked the engine off with hand cranked winch tied to our porch, carried the motor to kitchen table, opened it and found out the culprit was the no. 3 cylinder oil ring. Replaced the ring, assembled the engine and put it back. All in one day. If you are in to cars, that is kinda fun.
I don't have a luxury car but you are right about everything when I chose my F30 BMW after searching in forums and videos, etc. I saw that 335i (N55) is the best choice and really saved me from serious problems I could have with F30 328i (N20) So for all of you do your research on the car you are looking for, see what problems there may be, which model or engine is the best which year is the best and so on and so forth!!!
I've always wondered about this, now I finally know!! Thanks for the upload :) I really want to buy a used Jaguar X or S type someday. I've heard that the early models are prone to problems, and so you should get the latest year you can afford. Plus there's a lot of Ford in them, since they owned Jaguar back in those days, so they're more reliable than the 'average' Jaguar.
I have a 2011 e90 BMW, the jokes about BMWs being unreliable were funny at first but in reality they are not that unreliable. You just have to treat them right and the cars will do the same. A buddy of mine also owns an e90 and his has almost 200k miles. Mine has 91k miles and ive had only one problem which was a faulty fuel pump. Yes, maintenance is expensive. That's why you should get a warranty. Mine paid for my fuel pump which was $2k. I have had a blast learning how to work on my e90 which saved me a ton of money and has also made my love for BMWs grow. I have not had any problems with my car in almost 2 years.
My opinion on older luxury cars is the more bells and whistles, the more potential points of failure. Collecting and preserving older cars in an important contribution, but you really have to have at least the purchase price in reserves for maintenance.
I agree with that was outlined in terms of cost of owning/maintaining in addition to understanding what you are buying. What I think people should also consider is the availability of the car. What I mean by availability is not having access to your car because it is at shop or having to wait days for parts. The availability component can be adresses if you have access to another car. Just things to consider. Good video!
I have a w211. The worst things I’ve faced is the mechanic trying I fix my AC. It ruined my thermostat. Radiator hosing and adjuster cause the pulley on the compressor would wear the belt out. I spent about $300 on that. That’s the most I’ve done I’ve only had to service and also the serpentine belt still wears off cause I can’t go back to the mechanic workshop so I’ve decided to not change the compressor unit until I feel like.
Years ago when they were well built such as 70’s Cadillacs. Today I wouldn’t know which ones. Best ones had no modern pollution controls and sensors to fail
Depends on how you define 'luxury' car. If you define 'luxury' as an old Lincoln Town Car, then yes go for it. It also depends on your income level. Otherwise, I hope you have the time and deep pockets for the repairs if you use it as a daily. If you have the time and money and just want a really nice luxury car that you will only drive on a Saturday night occasionally, then it could be a possibility. Remember, a lot of the people who could afford to buy these luxury cars for cash often dump them for the next best thing as soon as major maintenance/repairs are due. You could be walking right into a money pit.
For people like me, another PITA is being pretty far from any type of Euro car / motorcycle Dealers. At times, you need to add in motels, one-way car rentals X2, meals and drowning your sorrows, so add in booze!
I DID BUY a luxury car in 2017 and it is my daily driver. I did my homework and ended up with a well-maintained 2005 W220 S 500 long wheelbase 7G-Tronic. I've driven it for 4½ years now, + 60k miles during that period, and I've spent less on maintenance and repairs during the whole period than what I spent on a Mercedes minivan in a year. Great car, makes me happy every day. M113 is wonderful. No ABC, so far zero problems with Airmatic.
Two answers: yes but also no. Example A. I bough a luxury sedan when I was 19. Terrible mistake. The car itself was a lemon, so that it was bad from the beginning. But the things I could repair were very hard to fix, not necessarily for it being expensive, which it was, but because nobody wanted to work on it. So it became a huge pain in the ass, and I literally drove it until it wouldn't turn on and I scrap it. So no, don't buy a luxury car. But... Example B. My dad bought a 3 year old Acura. We were very careful to not buy a lemon again, and we knew that it had a few issues that needed to be repaired. So we researched what that would cost, and we came back to the dealer and told them that. They dropped the price, and we got the car. We also went to the Acura dealership and ask about warranty options, and we got one. So we paid more upfront to get the car itself, but we are now protected for the next few years of repairs. Also, we reasearched the maintenance costs before hand and decided that we could pay it. So yes, you should buy a luxury car. So yeah, it depends.
I'm gonna make this comment before watching the video just to see what all I learn from it. I've actually been kinda eyeballing a "super saloon" in the form of a Hyundai Genesis 5.0 R-Line, looked up some things, found some good ones, probably gonna wait to pull the trigger though on a newer car until after this chip shortage figures itself out. I wanna run with wagons still but my choices for a newer wagon are basically out of my budget, so I would settle for a sedan with some ass behind it. Edit: Yeah, pretty much everything I expected. It's all about research! In my specific case, I've found some owners forums and what not, and the worst thing I hear about them is carbon buildup on the valves thanks to GDI (and a mix of lower octane fuel). There was also an issue with early ones that I forget the exact issue, but it could be a pain. If it was a late '12 or any '13 at all, you're good. I figure run it at 87 and use the occasional cleaner and it'd be fine. Another thing I latched onto was mention of it being a pretty nice car for around $20k, and it was a car from '12 and post from '16, so thanks to the chip shortage and bubble, those cars are still sitting around $20k for a well maintained and low mileage example.
Exactly why I bought a low miles 2014 Cadillac in 2019 and not a Porsche, BMW or Benz. Most luxury for the least money and I factored in repair cost when I did it. Was looking at a Porsche Cayenne until I looked at the price of a simple oil change.😳
I have been buying used Lexus LS and GX models for 20+ years and I claim it is like stealing! The key is to buy one with a documented maintenance history, preferably maintained by the dealer and to NOT wait until you have to replace your current car. In other words you need time to find the right one. When I started buying these around 2002 dealers were asking incredible additional dollars over what you could buy from a private party. So, I checked all the ads for a couple of months before I found my first one which was 4 years old had about 30K miles and sadly the owner had to sell it to pay medical bills. I paid $25K for it and that was at least double what I had ever paid for a car in my life. I soon considered it the BEST CAR DEAL I HAD EVER DONE. From that point on I bought cars from Doctors, and other "wealthy" people who had the money to maintain them and treat them right. After about 2012 I found that the Internet had forced dealers to sell at prices much closer to private party prices and I have actually bought a couple of wonderful used Lexus's from dealers. One 2000 LS400 that was 12 years old, but only had 50K miles and an impeccable maintenance history, and a beautiful 2013 LS 460 AWD with only 30K miles that I acquired about 3 years ago. We have had a few of them because once we experienced the first one and fell in love with them we have always had one for me and one for the wife. We drove most of our LS400's to around 150K miles and then I would start keeping my eye out for another one because I could still sell my current one for $5-$8000 dollars and I was usually paying less than $15K for another LS400. Bottom line, we traveled the entire U.S. for 20+ years ( and still are) in the most reliable, most comfortable luxury car below a Rolls Royce, AND you cannot tell if you are going 30 or 80MPH because they are so quiet, get 25+MPG on the Interstates AND THEY NEVER LET US DOWN. So we have been driving around in safety and luxury, feeling like big shots, for peanuts compared to buying them new. Right now we own 3 Lexus's....the LS 460, a 2008 GX470 SUV that we acquired 8 years ago that had been driven by the proverbial little old lady whose Doctor husband had bought it for her and loaded it with every option. She didn't like it and sold it to her daughter who didn't like the gas mileage and we flew to Denver from Minneapolis, bought it, vacationed for a week in beautiful Colorado and it has served us well ever since. We have a 1998 LS400 that we keep as a spare car to use when others are in for maintenance and as a loaner to friends and kids when they need a car for a short time. In many ways I like the LS400 better than the LS460 and find it hard to sell because one of them has been a member of our family for a looooong time. But, the safety features in the newer cars mean I have bought my last LS400. We will probably die owning used Lexus's, and maybe my latest used car acquisition....a 2011 Cabernet colored Jaguar XK Convertible with 22,500 miles on it. But that is another story! Sorry for the long comment, but I type 80 wpm and lose track of time. But real car guys LOVE to hear car stories IMHO.
Hey 👋 Dough, I just bought a used bugotti chironi 🚗💨💨 for $8.7 milly, I saved $200K because it only had a total of 69 miles on it. It wasn’t new, but I saved $200K.
I’m agree, I purchased a Tiptronic Quattro instead of the Multitronic nightmare in my Audi A6, TDI manual was the 1st option but not in america cuz just gasoline engines
Doug, I think you missed on 2 important points regarding to owning a new car, 1.peace of mind and dependability if I own an old jaguar or a bimmer even if the are regularly maintain and in good condition just because they are 15-20 yrs old and more , the chance of something to fail in way bigger than a 2 yrs old car, and that lack of confident might hurt the experience especially if you are not a rench. 2.older cars need more attention and research in order to maintain it properly without burring a lot of money and that take time and energy! and in some case a lot of headache too
great. advice. just recently purchased a 2006 Mercedes S65. I've set aside enough money to do a number of repairs that I know will eventually pop up. but, the joy I get from driving it makes up for the fact, in my mind, that these repairs will need to be done. is it as reliable as a new fully loaded camry? nope. is it more fun to drive? yep, by a country mile.
This is also my perspective. When you buy the new car you mitigate risk by paying a much higher cost up front. Buying the used car means you may or may not get hit with huge repair costs, a chance I'm willing to take. Of course when it comes to ultra luxury and rare cars I'm not interested at all.
I bought a Toyota from a junk hard a few years ago. It's 20 years old and I've spent over 5k on it last year on mechanic repairs and it's still broken. The car is one thing, but a good mechanic will determine whether it's worth while or not. And a good mechanic is very difficult to find.
Some sound advice here and it's how I have had relatively old BMWs for over 25 years now without them costing me much to run at all. And another thing most of those buying brand new cars can't actually afford them!
I have this talk with people all the time. I have a Evo x and young guys ask me what it takes to get one and why I haven't modified it yet. Its about owning it, also not modding it out of your budget. Sure the car cost 20k to 35k but to maintain the car and pay for parts after modifications go wrong can be super expensive.
Bought a 07 Lexus es350 with 130k miles now it has 168k but still works amazing and only thing I had to do was change spark plugs and other normal maintenance
Well Doug I have been buying what I call luxury cars all my life. But today it is very confusing because a sports car, a SUV or just even a brand name is a Luxury car. So many cars are looking the same on the outside and the inside. Luxury used to mean classy unique comfort, but today in many cases it is more defined by brand names and price. It's like the art world, it's more about the price that defining the art work than the art work itself. I enjoy your videos anyway.
IF you can get a good WARRANTY ! If not, just check what maintenance would be. Some are insanely high costs, some are very average. It really depends on model, trims, etc. You can get a nice cheap S-Class and maintenance is costly , but not too bad for what you’re getting. Now, S-Class AMG, your costs almost TRIPLE ! ! 🔥 💰 🔥
My take: I buy higher end German sedans, 2-4 years old (I really don't care about infotainment, maps, etc - just a good sound system - B&O is more than fine by me). BMW and Audi have taken the depreciation hit, and I'll buy rebuilt and/or flood, from a qualified rebuilder/reconditioner. I have a good mechanic, trust them to look it over, etc. Thus far it's worked well for several cycles, but I also don't expect Toyota repair bills. These things are expensive to fix. And I generally have a spare vehicle so if my DD is down for a couple of days or the shop is busy I'm not stranded - no rental cars at my independent. Current ride had a 90k sticker new, was super capable in its day and hasn't diminished all that much comparatively. My one downside observation - does anyone (do I) need 445 horsepower? The truthful answer is no, and sometimes I come from trip somewhere where I've rented a Fusion hybrid and think - 'damn 40 mpg sure was nice'.....
It's a large part of why depreciation is what it is with expensive cars. If an S-Class was as affordable to maintain as a Corolla, it's value wouldn't drop like a rock. The market naturally determined that no one would pay high resale on a used luxury car AND high maintenance costs.
As someone who has been doing it for years: Yes. IF you can afford to look after one. There are plenty of people out there (like me) who can afford to maintain one but couldn't afford to buy a new one.
You're not factoring cost of not having a car if the car is unreliable. If you're working 5 days a week, and need your car to make $, your car in the Shop for 2 days will cost $XXX in lost income OR the cost of a rental car.
For example, Jaguar has a horrible service reputation. Post 2016 XF's (my daily driver is a 2017 XF-S) are fantastic. Do the maintenance, do the serious pre-purchase inspection and know the car. Mine was purchased as a CPO with no miles. I wouldn't hesitate to buy one with 100k on the odometer, so long as it was thoroughly inspected.
Here is the best advice you will ever get:Buy a 2nd hand car that is 1-2 years old. The first owner has taken the hit and you still have 3 yrs left of the warranty. Warranty is EVERYTHING
This advice can be applied to owning any classic car aswell. You'd be surprised how expensive repairing an old IROC-Z would be (That'd be a good car to review just saying) because of parts going out & availability of said parts dwindling.
11:00, that's me, yep, I am that guy ;-). But your forgetting one thing. If you can't afford it, be handy and do it yourself. That's what I do with my Ferrari 308. But make sure you have something reliable beside your cheap used luxury car... ...and accept it doens't always go to plan! Nice video though!
Doug is literally giving the best advice possible here , always be informed know what you’re buying!
@@10293k nigga is you having a stroke?
Doug isn't a mechanic. I wouldn't trust him on used car advice.
@@BrogodHuncho 😂😂😂😂
@@dragospahontu nu e neaparat sa fii mecanic pentru a'ti da cu parerea despre masinile second hand. Ma gandesc cand spun asta si la Vlad Micsunescu, Luci Popa etc. Doug a detinut cateva masini pana acum plus ca a intrat de-a lungul vremii cu destule situatii si oameni in contact, aspecte ce il pot califica sa isi de-a cu parerea. Parerea mea. 🙂
@@yungboicontigo9278
Kilmer is full of himself. I like ChrisFix way better.
I love the ongoing rivalry between Scotty and Doug, it's hilarious
I'm a fan of both. I think there are a lot of mediocre car channels, but these two are not amongst those.
They gotta do a collab! lol
Scotty’s no competition.
Scott is one trick pony. Always complaining about BMW, Mercedes and Audi. Live a life and enjoy your luxury car before you get to be a grumpy old grey-haired man driving a Toyota and counting pennies.
Scotty isn’t even for car enthusiasts. No competition
Great advice. I love that Doug still understands the average Joe. I’d love to have a nice used 911 or Cayman, but I worry I couldn’t afford the maintenance and repairs. I drove my first 911 a couple months ago, a nice used one, older and but only about 40,000 miles. But as much as it appealed to me I just don’t believe I can “own” the car as Doug said. I don’t have the money to put away to keep the car up the way it needs, so I’m holding off. Maybe I’ll never have one, but I can keep dreaming.
Buy a corvette. Reliable and cheap to maintain
@@YungEagle3k THIS I was looking at a 911 then found a C5 for sell with only 33k miles. I had it for two years and only changed the oil. Great bang for the buck.
Caymans are considered very reliable btw, though some of the engines do have problems - again, do your research. Personally, Ive bought a F80 M3 with 80k km a year ago, and set aside money for repairs, but a year and 8k km later everything works perfectly and apart from new tyres, Ive only spent $600 for regular maintenance at the dealer.
This is a great bit of advice. I used the same line of logic when I bought My Jaguar XFR, I wanted a supercharged Jag, I researched a long time, found a couple years range where I could afford the parts and they had stronger reliability (AJV8). And pulled the trigger. I also prepared myself to do a lot of the work by having the right tools to do most of the maintenance, being resourceful in finding parts, and critically, having a backup vehicle to drive when I need to make repairs to the Jag. I have to say, its been a fantastic ownership experience, and I really have enjoyed it! It's also pushed me to learn things about the auto industry that I didn't know before and I've grown thanks to those experiences too! RESEARCH is key!
i did a ton of research, bought an xk8 with timing chain tensioners and all done, car was basically perfect 80k miles, apparently trans needs to be rebuilt got quoted 5500. i love the car so much but it was definitely a kick in the stomach, i guess you never know for certain, had it for 6mo zero issues but guy says the drums are deteriorated? best of luck with yours, i still love them.
True, I bought a x351, same experience as your...
I bought an XKR 4.0 with aftermarket intake, supercharger and exhaust. So far I’ve changed only the battery, and got my exhaust mended. Really the only thing that bothers me is the fuel consumption lol
(12 day update!)
My engine blew up lol
The backup vehicle is key. Two amusing examples of former colleagues. One would come into work in either a Subaru Impreza WRX or a Daewoo Matiz. The other had a Caterham 21 but had to drive his backup, a Citroen Saxo, for over a year while Caterham made him a new chassis because the original rusted through.
Doug, the Countach actually runs better when it's run daily. They break down more when they sit like a garage queen, like most cars.
Same with older Corvettes
I feel like that’s all cars that aren’t just huge piece of shit lemons
Yeah Matt Farah's has been rock solid and he puts a TON of miles on it.
@@TakuroSpirit77 yes, a specialist Lamborghini mechanic told Matt they drive better and are more reliable when driving more often. Problem is they get terrible gas mileage for what power you make.
@TDI for Life modern BMW owners would say otherwise. The Q60 is a reliable car from what I've heard, even the G35 and 370Z. Their SUVs not so much.
Premium cars, premium problems 🙂 Another thing: I am always amused when Doug says to check out carsandbids, he almost flies of the screen with enthusiasm 😀
and then says the cars go for way more on his site----- so why would you want to buy from it? haha
Or you could buy a Lexus and not worry much 😎
𝐒͠𝐩͠𝐞͠𝐜͠𝐢͠𝐚͠𝐥͠ 𝐝͠𝐚͠𝐭͠𝐢͠𝐧͠𝐠͠ 𝐟͠𝐨͠𝐫͠ 𝐲͠𝐨͠𝐮͠➺ sexy-nudegirls.host
Anna is a beautiful girl.
He's the person I love, he's my light
day. The way the music flows and sounds
is extravagant and fun. Anna is
icon, legend, beautiful girl, princess, inspiration,
a star. I could go on and on, understand this.
I love NBA Anna.#垃圾
Cars and Bids…where you can buy used performance and luxury cars…don’t buying these cars…but if you do buy one of these cars, they are available on Cars and Bids…lol
@@sesh3508 ughhhh....
Thought I would share some thoughts on my experience below:
I bought a 2013 CLS550 with the biturbo V8 in late 2021. Had 125,000 miles, but drove better and was in much better cosmetic condition than all the lower mile (and higher priced) examples. Also had impeccable service records at the Mercedes dealer from its 1 owner. It has been an excellent ownership experience thus far, with lower than expected maintainence costs. This car has been MUCH more trouble free than my Lexus LS460L I had before the CLS. The car drives like a dream and puts tons of power down very well. The low RPM twin turbo power even thoroughly wowed a Hellcat owner who took a spin in it. I have owned several newer Lexus cars and other luxury cars from several other brands, but the Mercedes is so different in a truly wonderful way. I love the CLS 4 door coupe bodystyle so much, especially the fold down rear seats, providing extra cargo space for the already large trunk. I'll be getting a 5.5l biturbo CLS63 in a few months, very excited!
Moral of the story, do your homework and don't be afraid to go for a higher mileage German car as long as it doesn't have too many owners and a good service history. The Mercedes engines and transmissions are known for running forever if well maintained. Always get a pre purchase inspection if in doubt! Thanks for reading!
Tbh 125k miles isn't much to begin with
I have a 2014 cls550 stage 2 dme and downpipes and man it’s an amazing car for under $28k. these are bulletproof vehicles. the sound of that v8 and how fast they are is insane.
What was the main issue with the LS? Had to be the Control arms I bet
@@LilRick96 mainly the air ride system and the components
@@LilRick96 Or the Air system... The newer LS's (2013+), had a completely re-designed control arms...
Very good information Doug, I did my research and bought a 3 year old, low mileage, and single owner A6, making me a happy driver of a luxury German car for my first time. 😀
The A6 C7 is beautiful. What engine did you go for?
A6 is luxury? 😂
@@PerformanceY for sure. 5 link independent air suspension, longitudinally mounted engine, torsen AWD, sound insulation of a submarine.
@@PerformanceY say you’re a tard, without saying you’re a tard
@Dragos Pahontu V6 engine, did try a 4, but it felt overworked for the cars weight and size, not confident on long-term care. Very happy with my A6.
I wholeheartedly agree. As my first car, I bought a 2005 E320 4Matic, which I then converted to CNG (Because economy). I knew it would be risky, and I have already replaced the SBC unit (cost me $350), but luckily, parts for these models are somewhat easy to source, given that you have a few connections here and there.
This applies to all cars, whether new or old. If parts are easily sourced and labor does not cost a lot of money, then the car in question is worth it.
I recently bought an Acura TL, 3rd gen, (2008, 110k miles) for a steal, right before used cars skyrocketed. I love it. It's In great condition, and pretty darn quick, believe it or not. Almost perfect black interior, heated seats, heated mirrors, seat memory positions, navigation, backup camera even though it's outdated it's way better than nothing. Yeah I recommend it especially if it's from a manufacturer like Toyota or Honda with their luxury division
I'd prefer a tsx
Is that the 05+ style?
Those are pretty nice, and pretty quick and fun too. I used to work at a dealer when they were new, they were my favorite car, especially with the manual.
aye k24 power. the rhd honda versions are still relatively cheap down under
@@_baller Those are essentially rebadged Civics. I test drove one and it was slow and didn't handle as well as the TL. Just my 2 cents
It's not luxury. It's a simple honda with a crappy leather inside. You guys should know that and try some proper German machines instead.
I love how he was kind of throwing shade at Scotty Kilmer 😂💀
That mans a joke
No shit.
@@dtay8913 I have honestly hated Scotty Kilmer for a few years. Scotty is a BS and biased idiot. Basically saying only buy Toyota and nothing else makes it hard to take the advice seriously. Doug had basically said in one of his videos a few years ago and I agree with this, I wouldn’t take advice or trust a review from someone who has had 12 Volkswagens and and they are obsessed with that brand and the recommend/review the Jetta for example. It’s the same thing with not taking Scotty Kilmer’s car buying advice as far as what to buy goes.
Scotty is heavily focussed on reliability so in that regard he is not wrong. But not everybody wants a Toyota or Lexus. Which is okay.
@@kingjlinza yeah he clickbait’s everything
Your mannerisms are admirable. You're so humble, with such a forthcoming and honest approach to the video as a prefix. Yet so gentley flexing the GT in the background. Lol
One of the BEST videos pertaining to the question. I’ve owned 25 cars in my lifetime. Everything from sports cars, SUVs, exercise economy and luxury cars.
I’ve had this same discussion and I mimic what you said in this video. I have friends who spend tons of money on watches or shoes or traveling around the world. I explained that those things make them happy then do it. For me, I’m an auto enthusiast. I love driving cars and going across the country by vehicle. For me, spending money on something that puts a smile on my face is worth it.
I bought a Lexus LS400 from 2000 a month ago. So for my experience has been tremendous. I think it's all down to the previous owner. I bought the car from an enthousiast who took care of it like it was his child for 20 years. With that level of attention and care, there is little room for surprises. Still, maintance and gas are extremely expensive here in The Netherlands... Still it's an amazing car which I plan to drive for many years to come!
Congratulations JR You just bought yourself one of the highest quality cars EVER manufactured.
Nice pick up. Last fall I got myself a 2000 LS400. Probably not in as nice condition as yours, but still pretty clean for a car of that age. Came with coil overs and 18” gold BBS wheels so that made up for it too. Yes it’s a bit pricey on gas, but it’s totally worth it for the joy it brings me every time I turn that key. Absolutely LOVE this car, never selling it. 240000 Kms and aiming for a million.
1UZ for life.✊🔥
I bought a 2007 Town Car Designer series top dog. MSRP was 54k new. It had 52k, air suspension issues and warm ac. Also radio did play. Paid $3500. Went to shock and coil on the rear, charged the AC, replace the radio myself and did a tranny service. Been 3 years and have 77k with zero problems!!! One of the best rides with the taxi reliability of Ford's 4.6l and 4spd tranny. If you do have issues parts are readily available and easy to work on. Known to go 250-400k.
This is my 2nd and both very solid.Thanks
I have an ‘04 Cayenne Turbo. It costs a lot to maintain but it is reliable. But I get a twin turbo V8 remapped to 500hp and I have air suspension with 5 level, diff lock, alcantara inside, 3 suspension/driving modes, heated seats everywhere, amazing BOSE sound system etc. The overall feel I get, that it’s fast, comfortable, durable, I can even take it off roading, looks cool in my opinion and I paid like 15% of the sticker price when it was new.
Even if I add up all the maintenance costs with the cost of the car, it is still much less than a new Corolla and what I get is an incredible experience every day when I’m driving it. To each of his own. I understand that I have to pay quite a lot to maintain it, but it’s still worth it.
Doug said it right. If you want it and have a bit of spare money for repairs, it’s a no brainer. Best decision ever.
I’m surprised Doug didn’t mention #3. You absolutely must have a trusting relationship with a mechanic that will work on the car. If you have a great Bentley but no trusted mechanic within 100 miles that works on Bentleys, your savings and your research won’t make up for how much stress and struggle even minor issues could create.
Recently bought a "spotless" 04 Jag XJR (80K miles) with stack of service records for $10K. Even with Jag maintenance costs, this is a good deal no matter how you slice it.
Xjr is cool car I’d say it’s worth it
I'll never forget when I overheard my Aunt and her husband talking about purchasing an Audi A8. I stated, "Aunty I know that you can afford that car without any issues". She stated, "Affording it is not a problem for us. Factoring in the cost of long term maintenance over ten years is the problem." They like to keep cars for many years. She had done her research and was aware over the over engineering some European car makers do to their vehicles. The Volvo V70 T5 that they have is still running with 300k plus miles and they are very happy.
Usually 7 years old is the sweet spot for a used car. It gone through the majority of its depreciation but is still new enough to not have too many mechanical problems. Lexus and Acura are the best because they are very reliable and parts are easily available as they are usually interchangeable with Toyota and Honda parts.
Depends on what you define as a “luxury car”. A well-looked-after W126 300SD or an LS400 will not let you down or bankrupt you in the process.
Exaclty. I'm from germany and always wanted to drive a W126. So I bought a 300SE that could drive with autogas. Autogas is much cheaper than regular gas (benzin). Also it has almost no extras. The less extras, the less can get broken. :) It was my daily driver for 3 years and it was reliable, as mercedes from that era are. I was lucky to live near Stuttgart at that time, where car mechanics knew how to fix this cars and spare parts weren't any problem. It was a totally affordable, classic luxury car. It had that feeling, that only those cars can deliver. A 300SD should be almost unkillable. :) Luckily there are some in germany. Maybe in the future ......
You're spot on with this video man! I've got 2 cheap luxury cars, a Porsche Boxster S 986 2003 and a BMW 750i e65 2005.
Got a great price on both of them. However, I did exactly what you mention in the video, research the car, the engine, the gearbox , research model years and research individual cars. Maintenance records, previous owners etc etc.
And as you say, I do keep some money aside if shit hits the fan. I hate depreciation when I buy cars and I love luxury fun vehicles with large engines so I believe for me it's a great deal. My friend is the total opposite of me and just wants to drive a new car all the time. Last year he sold his 1.5 year old Mercedes a250 and lost about $17 000. And me, I own 5 old vehicles with little to no problems and have probably spent less that $2.5 grand on repairs and maintance in the last 1.5 years. I'm happy at least 🙂
𝐒͠𝐩͠𝐞͠𝐜͠𝐢͠𝐚͠𝐥͠ 𝐝͠𝐚͠𝐭͠𝐢͠𝐧͠𝐠͠ 𝐟͠𝐨͠𝐫͠ 𝐲͠𝐨͠𝐮͠➺ sexy-nudegirls.host
Anna is a beautiful girl.
He's the person I love, he's my light
day. The way the music flows and sounds
is extravagant and fun. Anna is
icon, legend, beautiful girl, princess, inspiration,
a star. I could go on and on, understand this.
I love NBA Anna.#垃圾
I also love cheap luxury. I bought a 2010 X5 4.8i about 4 months ago for $12k and I’ve loved that car since the day I got it
@@e70_x5_guy4 nice one dude, sounds like a great buy! Had my eyes on a 4.4i x5 2005 for $5k a couple of months ago but it didn't feel right!
You are living the life, man. Respect.
@@johanw1163 it was! There was a little twist though, it was a non running vehicle, it had been in storage for 16 months. We knew the owner though, and he paid half the price of getting it going
Your point of researching is key. Years ago I bought an 05 Subaru Legacy gt, not knowing that there was an issue with the oil filter heading to the turbo. It ultimately cost me the turbo then the engine. These little things will ruin a car, without even knowing about it
damn banjo bolts
Interesting point, the engine in our explorer, the 3.5 duratec, is known for being extremely reliable. But a few people have had issues with the internalized water pumps ruining the engine, not a very common problem, especially with new models with that engine, but it was more common on pre 2012 cars. While our 2017 shouldn't be as effected, it's good to know about.
@@buss1205 Goddammit Buss, you couldn't be more right. I wish I were more versed in tuning. I ultimately ended up porting the turbo and getting an sti block. Ultimately blew that garbage trans
I have had an interesting real-life experience that has been an epiphany on “old luxury car ownership”.
I inherited a 1971 Mercedes Benz 280 SE. This is the IDEAL car to own!
Hand built.
German reliability.
Accessibility to most parts (still… and MANY from Mercedes Benz directly!).
A stunning and beautiful car, and a joy to drive.!!! Fun!!
The Germans won.
Wish u could say that about new mb they used to have great quality
My dream car is an r63 AMG. It's very rare but has a lot of parts from the M-class SUV and it's pretty reliable. I don't think I can afford one now but what I would do is make sure to have enough money in a "rainy day" account if anything were to go wrong. I would also make sure to have a second car that would be a more reasonable/reliable daily driver.
Doug: “used luxury cars are a gamble!”
Me: *laughs in old Lexus* ;))
The best advice in this is if it’s a priority you will find a way. I want to own an airplane, the key is own it I can currently afford to buy one but the maintenance is outrageous and currently I can’t afford to own it.
A very big problem is that way to many people don't know anything about cars, even if they pretend that they do. The fact that they want to buy a used performance/luxury car only worsens the situation. I say that if you are a good DIY person regarding cars, then you have a much greater choice of used luxury/performance cars (because you'll find often the problem on your own and also be able to fix it). But if you don't know many things about cars, if you have superficial knowledge like Google answers on car mechanical questions, then just ask for the help and advice of an experienced person, cause otherwise, literally any fault of that car will bring you in a world of pain.
The gopnik thumbnail made me laugh very hard. Put a rug under your chair and these garage videos will sound a million times better.
Just as a reference and my thoughts , I purchased a 2016 Mercedes C300 with around 35,000 miles last year ( before the car price explosion) . That same car right there was the same price as a brand-new Honda Accord. Sure, it will probably be more expensive in the long run, but not that much more. It’s an entry-level luxury car, and the manufacturers know they can’t have massive things go wrong on their entry-level cars, or else no will buy them. My viewpoint is, I drive a lot, more than 1000 miles a week. I’d rather buy a used car that I will enjoy and look forward to driving, then a standard every day car. Just my thoughts
I agree, why not drive something you enjoy everyday?
I like this take but I'm wondering why you drive a thousand miles a week. Is it for your job or something?
I learned this with a 07 caddie STS I had bought last year. Loved the car it was a smooth ride till I had to replace the motor an fix the electric steering. Had to give it up that bill was nuts lmao
If you are young and don’t have a lot of money, please don’t get a luxury old car. I made that mistake just because it looked cool. Every month it was a pain to think what was going to break next. That feeling was horrible. Most the time this will happen, you may get lucky and get a reliable one but is like going to the casino
My 97’ E36 has put me comfortably into debt many times… no regrets, love the car beyond any pocket value.
Also, determine what you are willing to go through even if you know what to expect. A less expensive example when I bought my 2001 F250, 7.3L diesel in 2011. It had 75K miles and wasn't necessarily cheap. I knew I wasn't going to find another one with so few miles very easily. I also knew the transmission was going to fail, all 2001 7.3L diesel transmissions fail unless you preemptively get it fixed by getting the "mechanical diode" removed. I was going to get it fixed, but it failed quickly and I had to repair it. I didn't get upset and was prepared to fix it. The truck now has 140K miles on it and still going great!
As someone who bought the cheapest XC90 V8 in Australia recently, I'd say no, don't. Stuck at my sister's after it overheated on the Logan motorway tonight in Brisbane.
Flip side is my sister drives one of my BMW's, an 02 525i with almost 400 000 km on the clock, and it is bulletproof.
Don't forget to factor in your time in the cost of ownership. Your time has value and the hassle of bringing your high-maintenance car to the mechanic, or time you expend to fix it yourself, has a cost associated with that time. Monetarily and in time lost that you could be doing something else you value or that simply needs to be done.
Ok, back in 2007, I was looking for a Honda Accord. Most were around $17k, for a certified pre-owned. I then checked out my local Acura dealership and came across a 2004 Acura TSX for $13k. Since the TSX is basically a fully loaded 4-cylinder Accord with 40 more HP. It kinda was a no brainer considering the Accords I was looking at. It was a certified Pre-Owned and well priced, and mechanically identical to a Honda Accord for LESS money. I don't know if I was pointlessly lucky, but it seems that if you're looking at an Accord or Camry maybe going to a Used Acura or Lexus could be a good option. Because, at least in my case, a fully loaded Accord around the same year as the TSX (which is already fully loaded even as a Base model compared to the Accord) was MORE expensive and less powerful.
Would I buy a Used Lexus or Acura? Probably, they should be comparable to Toyota and Honda for maintenance.
Would I buy a Used BMW or Mercedes? Not likely, I don't think that reliability is best, and maintenance can be expensive.
So if I get a used es 300/330 (4th gen) or a gs300 (2nd gen) the maintenance would be the same as any other Toyota?
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My 2010 tsx is going strong with 140k miles
That's because if you plan to do the maintenance/repair by yourself, you'll find that Lexus/Acura have essentially the case upkeep costs as the Toyota/Honda counterparts. But people within the normal distribution don't know how or have time to do such things, hence the market adjustment.
Buying Japanese cars you support terrorism. Choose wisely, choose German.
Not just maintenance but luxury gas too! Almost all euros require 91. In CA where it’s 5.25/gal it makes it more difficult to justify. Unles the MPG is amazing that’s another story.
I really like the insight that people see what maintenance and repairs cost, but fail to realize the cost of depreciation. That's why I love my Lexus IS300 2001 - nothing breaks, only minor front brakes issues from time to time (common thing that can easily be solved with swapping brakes for other manufacturer). I got comfortable, practical car with 210 HP, 3 litre Inline 6 2JZ engine that has already done it's depreciation and it's so cheap to own from every perspective.
I am looking to buy Corvette C5 for the same reason.
Generally American sports cars (mustangs, corvettes, ford GTs) and Japanese luxury cars (see Lexus) when old are not that expensive to maintain (compared to Euro cars) and you can get relatively cheap car with reasonable running cost.
I genuinely appreciate how this guy mind works when it comes to cars, and that's why I subscribe to his channel he just make sense 👌🏽
Used luxury car (CPO) is really good for people who could afford to own the car but do not want to or cannot afford the new car price. A new 2017 Audi A6 Technik would cost 89,000 or more, but after three year as CPO with less than 30,000 km, it would cost around 45,000 to 56,000. It almost lost half of its value but still in very good condition. You can enjoy the CPO A6 for more than 5 yrs and 70,000km to 90,000km worry free. And CPO usually comes with available CPO warranty which will help you to save some potential repairs cost.
You can use the time saved of not studying the faults, but use the time instead' to learn how to repair the faults yourself... That'll save you money too.
I bet the range rover timing chains aren't even close to $6000 if you change them yourself.
I had a car younger (2.2 B-model ascona) that starded to smoke a lot. I Bought a haynes repair manual, picked the engine off with hand cranked winch tied to our porch, carried the motor to kitchen table, opened it and found out the culprit was the no. 3 cylinder oil ring. Replaced the ring, assembled the engine and put it back. All in one day.
If you are in to cars, that is kinda fun.
I don't have a luxury car but you are right about everything when I chose my F30 BMW after searching in forums and videos, etc. I saw that 335i (N55) is the best choice and really saved me from serious problems I could have with F30 328i (N20) So for all of you do your research on the car you are looking for, see what problems there may be, which model or engine is the best which year is the best and so on and so forth!!!
I've always wondered about this, now I finally know!! Thanks for the upload :) I really want to buy a used Jaguar X or S type someday. I've heard that the early models are prone to problems, and so you should get the latest year you can afford. Plus there's a lot of Ford in them, since they owned Jaguar back in those days, so they're more reliable than the 'average' Jaguar.
One of the best videos I have ever seen that explains this age old question in the clearest way possible. Absolutely spot on.
I have a 2011 e90 BMW, the jokes about BMWs being unreliable were funny at first but in reality they are not that unreliable. You just have to treat them right and the cars will do the same. A buddy of mine also owns an e90 and his has almost 200k miles. Mine has 91k miles and ive had only one problem which was a faulty fuel pump. Yes, maintenance is expensive. That's why you should get a warranty. Mine paid for my fuel pump which was $2k. I have had a blast learning how to work on my e90 which saved me a ton of money and has also made my love for BMWs grow. I have not had any problems with my car in almost 2 years.
Doug, luxury isn't exclusive to Germany, luxury also means Lexus, Acura, and Infiniti
Espically how fucking reliable all those brands are
Nope.
Germans > Lexus > Acura > Infiniti
@@kristians2704 not in terms of reliablity and cost to fix its the opposite way
@@AlbanianGoose yes, but in terms of performance, style, tech, interior quality, model lineup, the Germans are better.
My opinion on older luxury cars is the more bells and whistles, the more potential points of failure. Collecting and preserving older cars in an important contribution, but you really have to have at least the purchase price in reserves for maintenance.
I agree with that was outlined in terms of cost of owning/maintaining in addition to understanding what you are buying. What I think people should also consider is the availability of the car. What I mean by availability is not having access to your car because it is at shop or having to wait days for parts. The availability component can be adresses if you have access to another car. Just things to consider. Good video!
I have a w211. The worst things I’ve faced is the mechanic trying I fix my AC. It ruined my thermostat. Radiator hosing and adjuster cause the pulley on the compressor would wear the belt out. I spent about $300 on that. That’s the most I’ve done I’ve only had to service and also the serpentine belt still wears off cause I can’t go back to the mechanic workshop so I’ve decided to not change the compressor unit until I feel like.
Years ago when they were well built such as 70’s Cadillacs. Today I wouldn’t know which ones. Best ones had no modern pollution controls and sensors to fail
Depends on how you define 'luxury' car. If you define 'luxury' as an old Lincoln Town Car, then yes go for it. It also depends on your income level. Otherwise, I hope you have the time and deep pockets for the repairs if you use it as a daily. If you have the time and money and just want a really nice luxury car that you will only drive on a Saturday night occasionally, then it could be a possibility. Remember, a lot of the people who could afford to buy these luxury cars for cash often dump them for the next best thing as soon as major maintenance/repairs are due. You could be walking right into a money pit.
There's the same saying in my country too, "Luxury and stupidity are expensive". You're right!
Maybe that old Ford behind Doug would make a good one for the list?
For people like me, another PITA is being pretty far from any type of Euro car / motorcycle Dealers. At times, you need to add in motels, one-way car rentals X2, meals and drowning your sorrows, so add in booze!
I DID BUY a luxury car in 2017 and it is my daily driver. I did my homework and ended up with a well-maintained 2005 W220 S 500 long wheelbase 7G-Tronic. I've driven it for 4½ years now, + 60k miles during that period, and I've spent less on maintenance and repairs during the whole period than what I spent on a Mercedes minivan in a year. Great car, makes me happy every day. M113 is wonderful. No ABC, so far zero problems with Airmatic.
Loving these advice videos from Doug... keep em coming!!! The finance video helped me finance my 2017 Volkswagen alltrack
Yes...! I A few weeks ago I bought an Audi A6 2.5 TDI quattro in a nearly perfect condition.😍
Two answers: yes but also no.
Example A. I bough a luxury sedan when I was 19. Terrible mistake. The car itself was a lemon, so that it was bad from the beginning. But the things I could repair were very hard to fix, not necessarily for it being expensive, which it was, but because nobody wanted to work on it. So it became a huge pain in the ass, and I literally drove it until it wouldn't turn on and I scrap it. So no, don't buy a luxury car. But...
Example B. My dad bought a 3 year old Acura. We were very careful to not buy a lemon again, and we knew that it had a few issues that needed to be repaired. So we researched what that would cost, and we came back to the dealer and told them that. They dropped the price, and we got the car. We also went to the Acura dealership and ask about warranty options, and we got one. So we paid more upfront to get the car itself, but we are now protected for the next few years of repairs. Also, we reasearched the maintenance costs before hand and decided that we could pay it. So yes, you should buy a luxury car.
So yeah, it depends.
I'm gonna make this comment before watching the video just to see what all I learn from it. I've actually been kinda eyeballing a "super saloon" in the form of a Hyundai Genesis 5.0 R-Line, looked up some things, found some good ones, probably gonna wait to pull the trigger though on a newer car until after this chip shortage figures itself out. I wanna run with wagons still but my choices for a newer wagon are basically out of my budget, so I would settle for a sedan with some ass behind it.
Edit: Yeah, pretty much everything I expected. It's all about research! In my specific case, I've found some owners forums and what not, and the worst thing I hear about them is carbon buildup on the valves thanks to GDI (and a mix of lower octane fuel). There was also an issue with early ones that I forget the exact issue, but it could be a pain. If it was a late '12 or any '13 at all, you're good. I figure run it at 87 and use the occasional cleaner and it'd be fine. Another thing I latched onto was mention of it being a pretty nice car for around $20k, and it was a car from '12 and post from '16, so thanks to the chip shortage and bubble, those cars are still sitting around $20k for a well maintained and low mileage example.
Exactly why I bought a low miles 2014 Cadillac in 2019 and not a Porsche, BMW or Benz. Most luxury for the least money and I factored in repair cost when I did it. Was looking at a Porsche Cayenne until I looked at the price of a simple oil change.😳
I have been buying used Lexus LS and GX models for 20+ years and I claim it is like stealing! The key is to buy one with a documented maintenance history, preferably maintained by the dealer and to NOT wait until you have to replace your current car. In other words you need time to find the right one. When I started buying these around 2002 dealers were asking incredible additional dollars over what you could buy from a private party. So, I checked all the ads for a couple of months before I found my first one which was 4 years old had about 30K miles and sadly the owner had to sell it to pay medical bills. I paid $25K for it and that was at least double what I had ever paid for a car in my life. I soon considered it the BEST CAR DEAL I HAD EVER DONE. From that point on I bought cars from Doctors, and other "wealthy" people who had the money to maintain them and treat them right. After about 2012 I found that the Internet had forced dealers to sell at prices much closer to private party prices and I have actually bought a couple of wonderful used Lexus's from dealers. One 2000 LS400 that was 12 years old, but only had 50K miles and an impeccable maintenance history, and a beautiful 2013 LS 460 AWD with only 30K miles that I acquired about 3 years ago. We have had a few of them because once we experienced the first one and fell in love with them we have always had one for me and one for the wife. We drove most of our LS400's to around 150K miles and then I would start keeping my eye out for another one because I could still sell my current one for $5-$8000 dollars and I was usually paying less than $15K for another LS400.
Bottom line, we traveled the entire U.S. for 20+ years ( and still are) in the most reliable, most comfortable luxury car below a Rolls Royce, AND you cannot tell if you are going 30 or 80MPH because they are so quiet, get 25+MPG on the Interstates AND THEY NEVER LET US DOWN.
So we have been driving around in safety and luxury, feeling like big shots, for peanuts compared to buying them new. Right now we own 3 Lexus's....the LS 460, a 2008 GX470 SUV that we acquired 8 years ago that had been driven by the proverbial little old lady whose Doctor husband had bought it for her and loaded it with every option. She didn't like it and sold it to her daughter who didn't like the gas mileage and we flew to Denver from Minneapolis, bought it, vacationed for a week in beautiful Colorado and it has served us well ever since. We have a 1998 LS400 that we keep as a spare car to use when others are in for maintenance and as a loaner to friends and kids when they need a car for a short time. In many ways I like the LS400 better than the LS460 and find it hard to sell because one of them has been a member of our family for a looooong time. But, the safety features in the newer cars mean I have bought my last LS400. We will probably die owning used Lexus's, and maybe my latest used car acquisition....a 2011 Cabernet colored Jaguar XK Convertible with 22,500 miles on it. But that is another story! Sorry for the long comment, but I type 80 wpm and lose track of time. But real car guys LOVE to hear car stories IMHO.
Hey 👋 Dough, I just bought a used bugotti chironi 🚗💨💨 for $8.7 milly, I saved $200K because it only had a total of 69 miles on it. It wasn’t new, but I saved $200K.
Sure you did...
I’m agree, I purchased a Tiptronic Quattro instead of the Multitronic nightmare in my Audi A6, TDI manual was the 1st option but not in america cuz just gasoline engines
Doug, I think you missed on 2 important points regarding to owning a new car,
1.peace of mind and dependability if I own an old jaguar or a bimmer even if the are regularly maintain and in good condition just because they are 15-20 yrs old and more , the chance of something to fail in way bigger than a 2 yrs old car, and that lack of confident might hurt the experience especially if you are not a rench.
2.older cars need more attention and research in order to maintain it properly without burring a lot of money and that take time and energy! and in some case a lot of headache too
Yes, the answer is to buy CPO or with a maxcare warranty from carmax. I bought my CPO BMW 750xi M sport CPO and couldn't be happier.
great. advice. just recently purchased a 2006 Mercedes S65. I've set aside enough money to do a number of repairs that I know will eventually pop up.
but, the joy I get from driving it makes up for the fact, in my mind, that these repairs will need to be done.
is it as reliable as a new fully loaded camry? nope. is it more fun to drive? yep, by a country mile.
This is also my perspective. When you buy the new car you mitigate risk by paying a much higher cost up front. Buying the used car means you may or may not get hit with huge repair costs, a chance I'm willing to take. Of course when it comes to ultra luxury and rare cars I'm not interested at all.
I bought a Toyota from a junk hard a few years ago. It's 20 years old and I've spent over 5k on it last year on mechanic repairs and it's still broken. The car is one thing, but a good mechanic will determine whether it's worth while or not. And a good mechanic is very difficult to find.
Some sound advice here and it's how I have had relatively old BMWs for over 25 years now without them costing me much to run at all. And another thing most of those buying brand new cars can't actually afford them!
I have this talk with people all the time. I have a Evo x and young guys ask me what it takes to get one and why I haven't modified it yet. Its about owning it, also not modding it out of your budget. Sure the car cost 20k to 35k but to maintain the car and pay for parts after modifications go wrong can be super expensive.
Bought a 07 Lexus es350 with 130k miles now it has 168k but still works amazing and only thing I had to do was change spark plugs and other normal maintenance
Well Doug I have been buying what I call luxury cars all my life. But today it is very confusing because a sports car, a SUV or just even a brand name is a Luxury car. So many cars are looking the same on the outside and the inside. Luxury used to mean classy unique comfort, but today in many cases it is more defined by brand names and price. It's like the art world, it's more about the price that defining the art work than the art work itself. I enjoy your videos anyway.
IF you can get a good WARRANTY ! If not, just check what maintenance would be. Some are insanely high costs, some are very average. It really depends on model, trims, etc. You can get a nice cheap S-Class and maintenance is costly , but not too bad for what you’re getting. Now, S-Class AMG, your costs almost TRIPLE ! ! 🔥 💰 🔥
My take: I buy higher end German sedans, 2-4 years old (I really don't care about infotainment, maps, etc - just a good sound system - B&O is more than fine by me). BMW and Audi have taken the depreciation hit, and I'll buy rebuilt and/or flood, from a qualified rebuilder/reconditioner. I have a good mechanic, trust them to look it over, etc. Thus far it's worked well for several cycles, but I also don't expect Toyota repair bills. These things are expensive to fix. And I generally have a spare vehicle so if my DD is down for a couple of days or the shop is busy I'm not stranded - no rental cars at my independent. Current ride had a 90k sticker new, was super capable in its day and hasn't diminished all that much comparatively. My one downside observation - does anyone (do I) need 445 horsepower? The truthful answer is no, and sometimes I come from trip somewhere where I've rented a Fusion hybrid and think - 'damn 40 mpg sure was nice'.....
Indeed, the cost of ownership is the hidden add on to the price.
It's a large part of why depreciation is what it is with expensive cars. If an S-Class was as affordable to maintain as a Corolla, it's value wouldn't drop like a rock. The market naturally determined that no one would pay high resale on a used luxury car AND high maintenance costs.
As someone who has been doing it for years:
Yes.
IF you can afford to look after one. There are plenty of people out there (like me) who can afford to maintain one but couldn't afford to buy a new one.
I'm getting tired of hearing about the war, I'm glad this was on here... I've never said this Doug. But thank you
I love the way this guy puts himself over he is brilliant
Doug is best review channel on here
Thinking about putting my 94 Pontiac Firebird Formula on CarsAndBids to be honest, Facebook Marketplace kinda sucks.
You're not factoring cost of not having a car if the car is unreliable.
If you're working 5 days a week, and need your car to make $, your car in the Shop for 2 days will cost $XXX in lost income OR the cost of a rental car.
For example, Jaguar has a horrible service reputation. Post 2016 XF's (my daily driver is a 2017 XF-S) are fantastic. Do the maintenance, do the serious pre-purchase inspection and know the car. Mine was purchased as a CPO with no miles. I wouldn't hesitate to buy one with 100k on the odometer, so long as it was thoroughly inspected.
Here is the best advice you will ever get:Buy a 2nd hand car that is 1-2 years old. The first owner has taken the hit and you still have 3 yrs left of the warranty. Warranty is EVERYTHING
Have enough $ to "afford to own the car, not just to buy the car" - so important to keep this in mind!
I have. Bought a 2011 Land Rover LR4! Love it!
My answer is no and that is based on personal experience with several S class car including the V12 S600
Literally just fixed my 15 macan if your ⚙️ inclined and have a knowledgeable buddy anything can be done affordably
Could you do a full tutorial again on the Tesla model X please?
Great advice Doug! Research research research is the key!
We are so lucky that we are able to get this sort of advice, free of charge!
This advice can be applied to owning any classic car aswell. You'd be surprised how expensive repairing an old IROC-Z would be (That'd be a good car to review just saying) because of parts going out & availability of said parts dwindling.
I like the refference on scotty kilmer, 2:00
11:00, that's me, yep, I am that guy ;-). But your forgetting one thing. If you can't afford it, be handy and do it yourself. That's what I do with my Ferrari 308. But make sure you have something reliable beside your cheap used luxury car... ...and accept it doens't always go to plan! Nice video though!
One of the more sensible videos you have made to date. Thank you Doug
Solid advice! Doug is the best!
Doug went full slav mode in the thumbnail. 😂😂
11:46 "No car is worth it. It just isn't" - Doug DeMuro, 2022.2.21
Doug...Doug....DOUG! WE ALL know you can afford to up keep a countach!