3 Luxury Cars That Won’t Bankrupt you With Repair Bills

There’s nothing like owning a luxury car. The feel of the soft, supple leather beneath you while sitting in its comfortable, well-bolstered seats. The smooth driving experience and cushioned ride when going over imperfections on the road. Not to mention a whisper-quiet cabin protecting you from the outside noise.

Owning a luxury car can be an oasis when it comes to driving, but when it comes to repair costs, depreciation, and insurance it can quickly turn into a mirage. If you’re in the market for a luxury car or SUV, here are three that won’t break the bank over the first 5 years of ownership.

2020 Volvo V90

According to KBB.com, the Volvo V90 is the luxury car with the lowest cost of ownership. Their predicted 5-year cost to own is $62,116 and considering it has a starting price of $52,455, we would say that spending $9,661 on repairs, maintenance, and insurance over a five-year period is not too bad.

Before you scoff at the notion of buying a Volvo, especially a Volvo wagon, we suggest you give it a look. According to the experts at Kelley Blue Book, “the V90 wagon gives you the cargo-carrying freedom of an SUV with the driving dynamics of a sport wagon,” which means that versatility and luxurious amenities exist in this luxury contender.

The V90 wagon offers a choice of powerful engines, a spacious and comfortable interior, a soft ride, and Volvo’s renowned suite of safety equipment. Couple that with a low entry price, good resale value, great fuel economy, and low insurance cost, and you will soon see why it’s on this list.

Volvo V90 Cross Country

2020 Lexus RX 350

Are you looking for something in the form of a 2-row SUV? The Lexus RX350 has you covered and, according to Edmunds, will cost you about $49,658 up front and $61,723 over a 5-year period. That’s a difference of $12,065, which factors in repairs, insurance, maintenance, depreciation, etc. That’s not bad, considering the estimated repair cost total is $1,044.

Lexus is renowned for its take on luxury, offering a soft, quiet driving experience, and the RX is no exception. With comfortable seating for up to five (a third row is available) and a powerful 3.5-liter V6 engine under the hood, long trips will put a smile on your face.

Lexus RX350
Lexus RX350 | DON EMMERT/AFP/Getty Images

2020 Acura MDX

If you need a three-row SUV, then the 2020 Acura MDX has the lowest cost to own within the first 5 years, according to Kelley Blue Book. Using the cost of ownership calculator on Edmunds, it shows a starting price of $41,805 for the car and a True-Cost to Own value of $52,891 after a 5 year period. That’s a total ownership cost of $11,086 after purchasing the car, factoring in repairs, depreciation, insurance, etc. They estimate the repair cost to be $1,007 over that time period.  

The Acura MDX has been known for its clean, contemporary look with a spacious cabin and powerful 3.5-liter V6 engine. Pairs these attributes up with low repair costs and Acura’s renowned reputation for reliability, and you can see why KBB.com voted it as their three-row luxury pick.

2020 Acura MDX

Possible savings

Owning a luxury car can be a great experience when you find the right one that suits your needs. And while there can be many woes when it comes to the cost of ownership, rest assured that the right luxury car can be had without having to empty your wallet every year.