Skip to main content

Just because you’re balling on a budget doesn’t mean you can’t wrap yourself in a luxury car. The used car market has no shortage of American, European, and Japanese sedans and coupes with fine materials and posh driving experiences, like the Mercedes-Benz E-Class or Hyundai Genesis. Of course, we will steer clear of heinously complicated projects and classics; this list is all about accessible, cheap luxury. Here are some of the cheapest used cars that don’t force you to compromise on your luxury desires. 

  • Mercedes-Benz E-Class
  • Jaguar XK (X150)
  • Lincoln Town Car
  • Lexus IS
  • Hyundai Genesis
  • Cadillac CTS

Is the Mercedes-Benz E-Class a good car?

From international taxis to cheap, reliable luxury, the Mercedes-Benz E-Class delivers. U.S. News recommends a 2009 E-Class, which offers a library of trims and engine options. For instance, car shoppers can opt for the standard six-cylinder powerplant, the efficient turbodiesel, or find a snappy AMG V8. Regardless of what you choose, you’ll be surrounded by leather and staring at one of the top badges in luxury: a Mercedes-Benz three-pointed star. 

The Mercedes-Benz E-Class is one of the best choices among the cheapest used luxury cars.
Mercedes-Benz E-Class | Endri Killo, Unsplash

Is the Jaguar XK one of the cheapest used luxury car bargains?

The Jaguar XK from the X150 generation is a spectacular luxury grand tourer bargain. Shrewd shoppers can get a V8-powered coupe for under $20,000, but they should opt for a pre-purchase inspection (PPI). Of course, if you find a solid one, you’ll have an Aston Martin-esque GT car with a luxurious leather interior, heated seats, and a premium British badge. 

A Jaguar XK 4.2 is an unexpected bargain on the list of the cheapest used luxury cars.
Jaguar XK 4.2 Convertible | National Motor Museum, Heritage Images via Getty Images

How much does a Lincoln Town Car cost?

I can hear it now, “wait, why would you buy a Town Car? It’s a fleet car!” Well, it’s a staple in luxury and a screaming deal. For instance, Road & Track recommends it and says you can snag one for well under $10,000. 

Of course, if you want a newer Lincoln less associated with hire cars, you can opt for an MKZ. 

The Lincoln Town Car might not have the class of the Mercedes-Benz E-Class or a Hyundai Genesis, but its definitely a luxury bargain.
Lincoln Town Car | Chris Hondros, Getty Images

Is the Lexus IS one of the cheapest used luxury cars?

Aside from being one of the most reliable vehicles on this list, the Lexus IS is a bargain. U.S. News says the Mercedes-Benz E-Class-fighting Lexus sedan can be yours for under $10,000 and easily earns its spot on the list of the cheapest used luxury cars. There may be more affordable luxury options available, but the IS is an excellent combination of reliability and affordability. 

Is the Hyundai Genesis a good car?

If you want a cheap, luxurious sedan with an optional V8, you might not consider a Hyundai Genesis. You probably should, though. With a practical standard V6 and capable V8 option, a 2009 Genesis is a solid luxury contender. Further, the Genesis has class-leading cargo volume and top-tier safety credentials. 

Should you consider the Cadillac CTS one of the cheapest used luxury car bargains?

There it is; it’s the name synonymous with contemporary American luxury. Cadillac has been producing luxurious American sedans for decades, and you can snag a thoroughly depreciated used car like a CTS for cheap. Road & Track says you can grab a CTS younger than 10 years old for under $20,000. That’s a bargain worthy of your consideration. 

The Cadillac CTS, like the Mercedes-Benz E-Class and Hyundai Genesis, is a bargain on the list of the cheapest used luxury cars.
Cadillac CTS | Mark Elias, Bloomberg via Getty Images

Which one should you buy?

The Mercedes-Benz E-Class, like the S-Class, is a well-established luxury sedan. It’s reliable, handsome, posh, and there is no shortage of model years and trims to fit your budget. However, you can’t really go wrong with any of these picks for the cheapest used luxury cars. Scroll down to the following article to read more about luxury cars!


Can a Luxury Car Be a Muscle Car? iSeeCars Says the Tesla Model S Can