If you’re a retiree looking to buy a new luxury car, now may be the best time to do so. As 2024 draws to a close, dealers may reduce prices and offer attractive financial incentives.
“Dealer sales departments that have not met their sales goals for the year will want to finish the year as close to their goals as possible,” Edmunds reported.
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That means there will be discounts on several models, including many 2023 luxury cars that auto expert and EVhype founder Rob Dylan said are worth paying attention to.
“By purchasing a 2023 model, retirees are ensuring they are investing in a car that will continue to be relevant for several years,” he told GOBankingRates. “By focusing on the 2023 model year, retirees can ensure they have a vehicle that not only meets their comfort and safety needs, but also provides financial benefits.”
With Christmas just around the corner, here are five stylish and reliable luxury cars to consider.
2023 BMW X1
The BMW X1 is an affordable luxury crossover SUV with a powerful four-cylinder engine that’s fun to drive.
“It’s designed for visibility and ease of riding, making it especially suitable for older people,” Dylan says. “It features advanced safety systems and a spacious interior that increases comfort and peace of mind when driving.” He added, “By purchasing before Christmas, buyers can take advantage of year-end discounts. You can save an average of 5% to 10% off MSRP,” he added.
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2023 Lexus UX
Price: Starts at just under $36,000, but Edmunds suggested paying $32,502
Chic and fuel efficient 2023 Lexus UX is packed with technology features including wireless Apple CarPlay, cloud navigation, a power back door with kick sensor, and wireless Android Auto compatibility. Additionally, it comes with a number of safety features, including Lane Tracing Assist, Lane Departure Warning with Steering Assist, and Pre-Collision System with Pedestrian Detection.
“This vehicle offers a smooth ride complemented by a high-quality interior and a hybrid option that delivers excellent fuel economy,” Dylan said. “By buying now, retirees can benefit from potential holiday promotions and lower financing rates to get the most out of their investment.”
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2023 Mercedes-Benz GLC 300
Price: Starts at $47,100 per Cars.com, but Edmunds suggested paying $42,508
Classy and elegant, the 2023 Mercedes-Benz GLC 300 offers the ideal balance of style and practicality.
“It has user-friendly technology, a comfortable cabin, and a strong reputation for safety and performance,” Dylan explained. “Demand typically increases after the holidays, so buying before the end of the year can help you avoid price increases in January.”
2024 Acura Integra
The 2024 Acura Integra has been named one of the top cars for older drivers by U.S. News & World Report.
This model has user-friendly technology features, including a 9-inch touchscreen interface and lane-keeping assist, that make it easy to use even for seniors who are afraid of technology. Additionally, this luxury sedan offers impressive fuel economy of up to 30 mpg in city driving and 37 mpg on the highway and with blind spot monitoring.
Shopping before Christmas is the best way to save money, as retailers want to make room for new inventory.
2023 Hyundai Palisade
Price: $35,900, but Edmunds suggested paying $32,089
According to Dylan, “The 2023 Hyundai Palisade has been praised for its luxurious interior and advanced safety features.”
He explained that the three-row crossover SUV “offers plenty of space for passengers and luggage, making it ideal for family travel.”
Dylan added, “Early buyers can take advantage of holiday sales and can save hundreds to thousands of dollars, depending on the dealer’s incentives and negotiation skills.”
Photos are for representative purposes only.
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This article originally appeared on GOBankingRates.com: 5 Luxury Cars Retirees Should Consider Buying Before Christmas
