Cheapest Luxury Cars for 2023

Characteristics of the Cheapest Luxury Cars

Not many new luxury and sports cars are sold at truly affordable prices, but with stiff competition, automakers do sometimes try to undercut one another. They still count as premium vehicles, but cost-cutting does alter their usual characteristics. Here is what to expect from the cheapest luxury cars:

Generally very appealing to look at
Long list of standard and optional features
High-quality interiors
High safety ratings
More basic powertrain options

What to Consider When Buying Cheap Luxury Cars

The US is one of the most competitive automotive markets in the world, which means that it is also home to some of the cheapest luxury cars. However, getting a good deal usually means compromising on a few things - here’s what you should know:

Pros

Symbols of status
Sophisticated styling
Good handling characteristics
Plush interiors and composed ride
Lots of advanced features

Cons

Engines are often underpowered
Some cut-rate materials
Passenger and cargo space can be limited

FAQs

What are the best cheap luxury cars?

If you’re actually looking for good value, then the Buick Encore GX and Acura ILX are solid choices. However, the Lexus UX, Mercedes-Benz A-Class, and Audi A3 stand even higher in the rankings, even if they do cost a tiny bit more.

Are cheap luxury cars reliable?

Generally speaking, luxury models have a reputation to uphold, so while the cheaper version may skimp on some features, they’re still likely to offer a good warranty and a solid reliability record. However, some brands have poorer ratings than others.

Are there any new cheap luxury cars?

Automakers are always announcing upcoming models, especially those with electric powertrains. Only a few of these are affordable enough to be considered cheap, but relatively speaking, the Ford Mach-E, BMW i4, Cadillac Lyriq, and Porsche Macan EV could qualify.

What is the price of the cheapest luxury car?

Though not often considered by those looking to buy a practical and reliable everyday car, the Mini Cooper Hardtop is the cheapest luxury car at a little under $25,000. The Buick Encore and Encore GX are priced a little above $25k, while the Acura ILX starts to approach the $30,000 mark.

Cheapest Luxury Cars of 2023