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I'm starting to agree with these folks. Buying a used luxury car is a better idea (and potentially better investment) than buying a new, cheap car. Kind of like deciding between spending a lot of money to build a bread-boxy, bare-bones new house or buying an older house that has all the features you want and is a little more unique. TL:DR buying an older luxury car doesn't necessarily equate to throwing your life savings out the window.