6 Used Luxury SUVs That Are a Good Investment for Retirees
Written by
Tobi Opeyemi Amure
Edited by
Amber Barkley
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Retiring should mean living without financial concerns, so you can savor your new phase in life instead of chasing yet another car purchase. Unfortunately, it’s immensely difficult to find a luxury SUV that combines comfort, reliability and smart financial planning, considering soaring costs and endless options.
To make things easier, GOBankingRates simplified the search by selecting six used luxury SUVs that satisfy luxury and practicality standards, according to expert advice. These vehicles deliver luxurious features while maintaining high market value along with inexpensive ownership expenses.
Lexus RX 350 (2019-2022)
The RX 350 is strong in terms of resale value and reliability, thus making it a retiree favorite. It has advanced safety systems, like automatic braking and lane assist, which lower insurance costs. Long drives can be helped along a little by plush seating with heating or cooling functions to alleviate arthritis discomfort.
For the best value for your money, automotive expert Lauren Fix suggested buying a certified pre-owned (CPO) from the brand that sells them.
She said, “A CPO Lexus at a Lexus dealer and not another brand’s dealership will give you the longest warranty and protection.” They will also repair all the recalls and technical service bulletins.
Acura MDX (2021-2023)
The three-row layout of Acura vehicles allows for bringing grandchildren along for visits while maintaining a great resale value. You can resell this SUV and retain 53.56% after five years, according to CarEdge. It’s also great because drivers can maintain their attention on the road — the controls simplify driving without distracting screens.
This vehicle offers low steps for easy entrance and exit, which helps prevent knee damage. It also comes with noise cancellation, and seat massagers added to the front seats make routes more enjoyable for passengers. The vehicle’s Super Handling All-Wheel Drive system provides vital stability in rainy as well as snowy conditions.
BMW X3 (2020-2023)
Active retirees seeking sporty cars with upbeat interiors will appreciate the BMW’s sporty X3. According to CarEdge, the BMW X3 gets a 51% resale value, and Fix added, “BMW’s cars have one of the best resale values in the market.”
This SUV also minimizes the amount of gesture button searches to keep the user’s attention on the road. Parking Assistant Pro will automatically steer into tight spaces to get out of the nagging garage stress. The turbocharged engines get power and balance it with a 29 mpg highway efficiency — these features do not compromise driving independence at the expense of fuel budgeting.
Audi Q7 (2023-2024)
The 2023 Audi Q7 was awarded the IIHS Top Safety Pick+ for its better crash protection and pedestrian detection systems, although only non-SQ7 trims qualify. The tech-minded retirees will be more than happy with this SUV’s Virtual Cockpit digital dashboard and predictive air suspension.
Mobility scooters or grandchild gear fit easily in the 71.6 cubic-foot cargo area. Predictive suspension makes it easier to ride, because it is intended to ease back discomfort on rough roads, and it has pothole adaptation. Space for walkers or luggage is also provided in the spacious cargo areas, without taking away passenger room.
Lexus NX 300h (2021-2023)
With its 34 mpg fuel efficiency rating, this hybrid SUV serves people on fixed incomes perfectly. Car And Driver has reported that the 2021 SUV model initiates its pricing at $38,535. This model comes with panoramic cameras that help drivers see clearly during parking.
The updated touchscreens utilize large icons together with voice commands to assist users who have reservations about technology. Passengers stay relaxed in heated rear seats when temperatures drop in the early morning. Thorough vehicle inspections through CPO programs provide both extended warranty periods and technical support for the vehicle’s described benefits.
Cadillac XT5 (2020-2023)
Caddy’s XT5 is a luxury for accessible prices, starting around $32,000. Fix said, “If you plan on financing your SUV, credit unions may offer the best rates, as opposed to banks.”
As the XT5’s thoughtful features focus on ease of use rather than tacky gimmicks, it would be a great buy for retirees.
With its magnetic ride control that gives it an easy drive on bumpy roads, it reduces fatigue on retirees. Also, there is a lane departure alert that sends safety alert seat vibrations instead of jarring alarms. Hands-free liftgates make life easier for people with mobility challenges when loading groceries.
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