I have been living in the U.S. for many years and I consider myself a car expert. A lot of people come to me for advice that’s related to cars on a daily basis. One of the most frequently asked questions is: “I have a budget of $X, what is the best car for my budget?”
In this semi-comprehensive guide, I will try to answer this question to the best of my ability. To make things easier, I divided different makes and models of the car in different tiers by their price range, so you can easily scroll down to the section that fits your budget.
I have $149,999!
Well, first of all, congrats!
For people who have a budget of $149,999 or more, there are virtually unlimited options. Popular choices include top-tier sports cars such as Porsche 911 GT3, Aston Martin Vantage, Mercedes-Benz AMG GT, Audi RS7, etc… Notice that the makes I mentioned are new cars. If you are okay with used cars, the range of selections can be expanded even further.
I have $100,000…
For people with a budget of $100,000, while you will have to narrow down your supercar selections a bit, you still have many options. Sports cars such as BMW X5M, Porsche Panamera, Audi S7, Tesla model S or model X, Corvette Z06 or even the latest Lexus LC500, etc., are within reach. Tuned for speed and performance, these attention-catching cars are sure to get your heart racing!
I have $80,000…
With a budget of $80,000, even though you won't be able to afford most brand-new need-for-speed supercars, you can purchase a top-tier luxury car. I recommend a shiny BMW X6 or Mercedes Benz GLE for SUVs, or a 5-series, E-class, or C AMG/M for sedans. These cars offer a nice balance in terms of brand, capability and reliability.
What if I have $60,000…?
With $60,000, you can buy a German-brand car with decent performance, with some compromise.
For example, some people may choose a brand-new BMW 440 while others may choose a two-year-old BMW M4. It is a rare chance that you can buy a used car at a low price, so you need to be cautious when such options are presented to you. I do have friends who have spent $50,000 to $60,000 on a car with high-performanceaccident and/or damage records (lemon cars).
I have $40,000…
You still get a wide range of cars to choose from with $40,000!
The majority of Japanese luxury cars or German CPO (Certified Pre-Owned) cars fall into this price range. I would encourage you to start looking at the Infiniti Q50/Q60, a used Audi S4/S4, BMW 335/435, etc.. You can also check out new cars like the Lexus IS and Acura TLX - these are known as the best commuter cars with high quality and reliability.
I only have $20,000…