Luxury cars are called just that for a reason: comely price tags.  And as expensive as they are, luxury cars likewise depreciate faster than most common cars.

But for those individuals who cannot resist the lure of such good-looking cars, below are some tips on what to look out for:

1. Jaguar.  This British car can be quite expensive as compared to other cars.  An 80’s to 90’s model can fetch a couple of thousands (from £1,000 to £3,400) of Pounds.

A 3.6 to 4.0 liter model is off better than a 5.3 liter V12 when fuel consumption is to be considered.

2. Mercedes Benz.  Choose the S280 if your budget is below £1,000, or a S420 if you can afford £3,000 or more.  Tip: check the tires.  A very cheap car might need new tires, if summed up, could be more than what you intend to spend.

Though its parts are quite expensive, some stores sell second-hand parts in almost half its original amount.

3. Lexus.  The LS400 model is not the best-looking car, but probably the best engineered one at that.  The 90’s models fetch anything around £1,500 and up.

4. BMW.  The 7 series is one of the most glamorous of all luxury cars, and offers a wide variety of price range since it depreciates faster than most of its rivals.

Some 90’s model can be bought at £750 up to a few over thousand Pounds.

5. Rolls Royce.  One that has the highest value for second-hand luxury cars.  Can be bought at around £5,000 and up.

Still, the best advice when one is considering on investing in a second-hand luxury car: check out all the parts if everything is under good running condition.  Those hidden probable expenses if piled up can cost you more than what you intent to spend.

via Mirror.co.uk 

[image from Flickr uploaded by aliza]