By Colin Bird on December 24, 2008
As brokers and bankers fall from the credit tightrope, they’ll have to downsize the excesses in their lives. Does this mean they’ll ditch their vain lifestyles to boot? If we’re talking about luxury cars, the answer is no.
A new Popular Mechanics article proves the point by finding 10 exotic used cars for the price of a new Honda Accord, which ranges from $21,000-$30,000. Keep in mind that some of the cars on this list are really old — the Bentley is nearing two decades. Exotic cars also typically have spotty reliability that could result in expensive maintenance bills.
The best bet on the list is the 2004 Mercedes E55 AMG. At less than $35,000, this high-performance E-Class is comparable in price to a high-end Accord. Consumer Reports gives the 2004 E-Class an “average” reliability rating, which is great considering the atrocious reliability of the Land Rover and BMW 7 Series that also made the list.
Popular Mechanics says they found an E55 AMG in excellent shape for $33,995 with 42,600 miles in Florida. On Cars.com’s used car listings, we found the same car for $31,450 with 40,756 miles in Texas. That would be right in line with a top-of-the-line Accord after a destination charge. We also found quite a few Porsche 911s from 2001 to 2004 for less than $35,000 and a 2001 for $22,500 with just over 100,000 miles.
Popular Mechanics' full list is below.
Complete List (Year, Make, Model, MSRP, Mileage)
1. 2003 Mercedes SL500: $29,990, 46,000 miles
2. 2001 Porsche 911: $25,000 , 81,000 miles
3. 2001 Audi S8: $17,999, 68,000 miles
4. 2003 Range Rover: $21,660, 62,500 miles
5. 2005 Maserati Quattroporte: $39,995, 46,000 miles
6. 2002 BMW 745i: $17,300, 65,000 miles
7. 2004 Mercedes-Benz E55 AMG: $33,995, 42,600 miles
8. 2005 Lotus Elise: $28,750, 27,400 miles
9. 1997 Aston Martin DB7: $29,995, 64,800 miles
10. 1990 Bentley Turbo R: $24,988, 77,500 miles