2011 Top Premium Used Cars to Avoid

These premium cars will bleed you dry.

By Rss | June 04, 2013
    • It's always important to know what you are getting yourself into when purchasing a used car, and sometimes buying a premium used car sounds like a better alternative than getting a brand-new mid-range car. After all, who wouldn't want to drive top-tier luxury at a Toyota Camry price? But IntelliChoice's list of 2011 premium used cars to avoid this list points out just why these cars may not be worth it.The list really struck us for two reasons. First, there are only three manufacturers on it. Second, it's dominated by one manufacturer in particular: Mercedes-Benz. It seems that buying a used Benz just isn't worth it, if these results are any indication.All results have been based on what the projected cost of each vehicle will be over five years. The vehicles listed below all raked Below Average or Poor in the Cost of Ownership calculations. There were six fields of costs that were examined, which are fuel, insurance, depreciation, used price, repairs, and maintenance. From these criteria, the following vehicles have been found to be too costly in the long run.

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    4 comments
    Jon Norman
    Jon Norman

    I'm talking about depreciation more than reliability. An XJ-L is about $110,000 new. Off-lease it drops to the $60k range.

    Jacob Brown
    Jacob Brown

    Believe it or not, Stormin Norman, Jaguar USA has done really, really well in reliability surveys in recent years. Ford helped the company hugely bring up the quality when it owned Jag for nearly 20 years, and Tata, the current owner, hasn't dropped the ball. They're good finds on the used market, but they're like any other formerly $50-120k car when it comes time to repair them. A lot of people I've spoken with love their Jag X-Types, though, which were more or less based on the same mechanicals as the Ford Mondeo. Those are reasonable cheap to fix because parts are so plentiful.

    Jon Norman
    Jon Norman

    SO BASICALLY: don't buy a used Benz, BMW or Audi! (I'm surprised Jaguar didn't make the list) And the funny thing is that rich people lease them and discard them to avoid loosing $ as they depreciate.