The marketplaces for used cars function similarly. It follows that the abundance of chances to buy cars as investment vehicles is not surprising. High-end automobile collecting, however, necessitates a considerable financial commitment as well as hefty ongoing expenses.
It also helps to have extensive general knowledge of automobiles. Spending a significant amount of money on a luxury automobile could lead you to believe that it would be worth more in three or five years than its more affordable competitors, but that isn’t necessarily the case. Knowing which vehicles will be worth the most when it comes time to sell is one of the secrets to obtaining the most value for your money because certain vehicles degrade more quickly than others.
Cars are a very good investment, and luxury vehicles are one of the best in this aspect. When you buy them, you come up with a very good idea of the price you would like to sell them for in the next couple of years. But, the truth is that not all luxury cars appreciate value over time; sometimes they depreciate and lose value due to a number of factors.
That is why when you want to invest in luxury cars for the purpose of reselling, it is important you carry out the necessary research to see how their counterparts have done in the market over a substantial period of time. We have created a list of luxury cars with the best resale value.
2017 Lexus RC
- Price: Eleven Million Naira
According to research and market findings by Consumer Reports, the 2017 Lexus RC is the best luxury vehicle to purchase if you’re worried about resale value. According to them, an RC will still be worth 58.0% of its original value after 36 months of use and 38.0% of its original value after 60 months. The RC is a little coupe with several performance-focused options and a lovely interior.
Given that it received outstanding dependability ratings as well as good safety test scores, it is also a rather practical option for a car in this category. This is the first Lexus vehicle on our list of the most valuable luxury automobiles when it comes to resale.
2019 Mercedes-Benz CLS CLASS
- Price: Eighteen Million Naira
With the introduction of the CLS-Class, a sizable luxury sedan, Mercedes now ranks among the luxury vehicles with the highest resale value. This Mercedes retains its value thanks to outstanding performance and good dependability ratings. According to market statistics and reports, the CLS-Class will still be worth 26.0% of its original value after 60 months and will be worth 43.0% of that after 36 months. Rear-or all-wheel drive, two potent turbocharged engines, a plush cabin, and a wealth of high-end extras are all available to buyers.
Despite its spacious interior, the CLS-Class only has room for four passengers, and due to the roofline’s elegant slant, taller people may find it difficult to fit in the rear row
2017 Porsche Panamera
- Price: Thirty Million Naira
The Porsche Panamera is one of the priciest cars on our list of luxury automobiles with the best resale value, so it’s fortunate that owners will recover a significant portion of their investment when they sell. Even though the 2017 Panamera has undergone a complete makeover, Consumer Reports estimates that after 36 and 60 months, it will still be worth 32.5% and 48.5% of its original value, respectively.
The Panamera has an outstanding dependability record, making it somewhat practical, and there is space for four people to spread around. Customers may choose from four turbocharged engine options, each offering a different driving experience, and the interior is basic yet modern and upmarket.
2016 Lexus LS
- Price: Fifteen Million Naira
The 2016 Lexus LS gets a position on our list of luxury vehicles with the best resale value, with a predicted resale value of 44.5% after 36 months and 26.5% after 60 months. The LS is a large luxury vehicle that rivals the top German luxury manufacturers. You are almost certainly going to receive fantastic value for your money with the LS since it offers greater resale value than most of its rivals, has a cheaper starting price than the class average, and has excellent reliability. The Lexus LS only comes with one engine, but it produces more power when purchased with rear-wheel drive than when chosen with all-wheel drive.
2017 BMW 7 Series
- Price: Twenty Five Million Naira
2017 marks the start of the second year for this version of the BMW 7 Series, which is a shining illustration of how luxury vehicles are all about the smallest of details. This is a premium automobile with a special BMW touch, from the body’s use of aluminium and carbon fibre to save weight to the inclusion of small motorized clips that hold a control tablet in place. The owner may unwind in the rear, browse the internet, and perhaps get some well-deserved sleep. Alternately, get in the driver’s seat, switch the dynamic suspension to Sport, and enjoy an extraordinary time. With this automobile, there is no either/or situation. It has everything, including a lengthy wheelbase as standard and a rear-wheel steering system that may be purchased separately. According to statistics, its resale value after three years of use can reach up to 30.6%.
2019 Lexus GS
- Price: Twelve Million Naira
Yes, we have another Lexus on our list of the most valuable luxury vehicles. According to research, the 2017 GS will retain 42.0% of its value after 36 months and 31.0% after 60 months. The GS is a midsize vehicle that places somewhat more emphasis on performance than the other Lexus vehicles mentioned here.
Customers have a variety of engine options, and even the base model is enjoyable because of the boost provided by the twin turbochargers. Another performance feature is the availability of an adjustable suspension system and a limited-slip differential. For consumers who appreciate the Lexus brand’s reputation for being a responsible choice but yet want to have some fun, the 2019 Lexus GS is a smart option.z
Frequently Asked Questions
How much is a 2017 Lexus RC in Nigeria?
I’m getting a second-hand car. The project has been evaluated to cost two million naira.
Where can I buy a Toyota Corolla in Nigeria?
Conclusion
Vehicle investment is still a notion that not everyone is familiar with. For some, it could seem too hazardous, but with the correct automotive expertise, it can yield respectable profits in a short amount of time. That is why following the necessary market research and findings is crucial. You shouldn’t just go into investing without outweighing the possibility that the car might actually depreciate.
Have 1 million naira and above to Buy or Sell Cars In Nigeria? Check carlots.ng
All rights reserved. Reproduction, publication, broadcasting, rewriting, or redistribution of this material and other digital content on carmart.ng is strictly prohibited without prior express written permission from Carmart Nigeria - Contact: [email protected]
