Top 10 Luxury Cars to Buy in September

Unlocking Luxury on a Budget

As we enter September 2024, both car enthusiasts and discerning shoppers should take note of the prevailing trends in the used luxury car market. With an extensive analysis of over 65 million vehicles, Bumper.com has curated a list of the top 10 used luxury cars available this month, highlighting those that have experienced significant price drops in the past 30 days. Whether you’re considering a sleek Jaguar F-Type or the cutting-edge Porsche Taycan, this may be the ideal opportunity to secure an exceptional deal. However, before making any purchase, remember to perform a VIN lookup to try and ensure the car’s past aligns with your expectations.

Key takeaways in the luxury used car market

• Significant Price Reductions: The Jaguar F-Type tops our list, with an average price decrease of 8.68% over the last month, while the BMW M2 and Porsche Taycan have also seen noteworthy declines. This trend suggests that sellers are becoming more flexible on pricing, creating a favorable environment for buyers.
• Increased Inventory Availability: The market is experiencing a consistent rise in available vehicles, exemplified by the robust stock of 274 Porsche Taycan models. This abundance of choice allows buyers to be selective, ensuring they find the vehicle that best fits their lifestyle and preferences.
• Diverse Luxury Brands: Consumers have access to a wide variety of luxury brands, ranging from the timeless elegance of the Mercedes-Benz SL-Class to the modern innovation of the Tesla Model S. This extensive selection caters to diverse tastes and preferences, simplifying the search for the perfect luxury car.
• Consistent Historical Discounts: Data indicates that many luxury models have seen steady price reductions over the past year, with the Porsche Taycan experiencing an impressive decline of 25.75%. This trend demonstrates that luxury vehicles are not only depreciating, but are also becoming more accessible to a broader audience.
• Strategic Age Insights: Most vehicles in our top 10 list are approximately four years old, providing an ideal balance between being relatively new and competitively priced. Buyers can enhance their investment security by reviewing vehicle history reports and conducting VIN lookups.

Top 10 Used Luxury Cars of September 2024

1. Jaguar F-Type

The Jaguar F-Type stands out for its balance of luxury and performance. Minor price decreases over recent periods indicate stable demand. Its average mileage suggests relatively low usage for a luxury sport vehicle.

• Average Listed Vehicle Mileage: 17,024.81 miles
• Average Initial List Price: $67,957
• Average Final List Price: $66,497
• Average Price Change (30-60 days): -8.68%
• Average Discount Seen from List to Sale: 2.10%

2. BMW M2

The BMW M2 offers an excellent driving experience, with a slight downward trend in pricing, which may attract potential buyers looking for a sporty option. Its mileage is somewhat comparable to the F-Type, hinting at similar usage patterns.

• Average Listed Vehicle Mileage: 17,631.66 miles
• Average Initial List Price: $62,205
• Average Final List Price: $61,383
• Average Price Change (30-60 days): -5.74%
• Average Discount Seen from List to Sale: 1.30%

3. Porsche Taycan

As an electric luxury car, the Porsche Taycan shows a more substantial historical price decrease, but recent trends indicate a possible stabilization in price. Its low average mileage speaks to high-end usage, likely appealing to a niche market.

• Average Listed Vehicle Mileage: 13,388.95 miles
• Average Initial List Price: $111,363
• Average Final List Price: $108,595
• Average Price Change (30-60 days): -2.88%
• Average Discount Seen from List to Sale: 2.50%

4. Mercedes-Benz SL-Class

The SL-Class continues to reflect the classic luxury car market, showing resilience despite a significant drop in value over the past year. Its average mileage is quite low, suggesting it’s often reserved for special occasions.

• Average Listed Vehicle Mileage: 11,841.03 miles
• Average Initial List Price: $121,976
• Average Final List Price: $119,871
• Average Price Change (30-60 days): -2.82%
• Average Discount Seen from List to Sale: 1.70%

5. Chevrolet Camaro

The Chevrolet Camaro holds strong in the sports car segment, with its prices relatively stable over time. It offers a slightly higher average mileage, representing a more regular use compared to its luxury counterparts.

• Average Listed Vehicle Mileage: 13,324.02 miles
• Average Initial List Price: $63,215
• Average Final List Price: $62,911
• Average Price Change (30-60 days): -2.76%
• Average Discount Seen from List to Sale: 0.50%

6. Porsche 718 Cayman

The 718 Cayman remains popular due to its appeal as a compact sports car with high performance. Its pricing reflects a slight downward trend, yet the vehicle enjoys low mileage, indicating a dedicated user base.

• Average Listed Vehicle Mileage: 15,699.35 miles
• Average Initial List Price: $86,069
• Average Final List Price: $85,076
• Average Price Change (30-60 days): -1.95%
• Average Discount Seen from List to Sale: 1.20%

7. BMW 750i

As a luxury sedan, the BMW 750i has shown noticeable price drops, but its average price remains competitive. Its higher average mileage indicates that this model is often chosen for longer-distance travel than the sportier models above.

• Average Listed Vehicle Mileage: 27,681.61 miles
• Average Initial List Price: $65,530
• Average Final List Price: $64,223
• Average Price Change (30-60 days): -1.62%
• Average Discount Seen from List to Sale: 2.00%

8. Tesla Model S

The Tesla Model S continues to be a frontrunner in the electric vehicle market, with a notable decrease in pricing over the year. Its average mileage suggests it might be used for daily commutes, typical for many electric vehicle buyers.

• Average Listed Vehicle Mileage: 25,868.29 miles
• Average Initial List Price: $74,426
• Average Final List Price: $72,352
• Average Price Change (30-60 days): -1.53%
• Average Discount Seen from List to Sale: 2.80%

9. BMW M4

The BMW M4 reflects a strong sports car appeal, with marginal price adjustments over recent periods. Its average mileage is similar to that of the M2, indicating similar usage by sports car enthusiasts.

• Average Listed Vehicle Mileage: 17,763.90 miles
• Average Initial List Price: $74,148
• Average Final List Price: $72,809
• Average Price Change (30-60 days): -1.31%
• Average Discount Seen from List to Sale: 1.80%

10. Ford Mustang

The Ford Mustang remains a classic American muscle car choice, with pricing trends suggesting consistent interest in the model. It boasts a significantly lower average mileage, hinting at a potential enthusiast market.

• Average Listed Vehicle Mileage: 7,104.22 miles
• Average Initial List Price: $71,360
• Average Final List Price: $70,939
• Average Price Change (30-60 days): -0.89%
• Average Discount Seen from List to Sale: 0.60%

Based on the above analysis, it’s clear that the market is ripe with opportunities for discerning buyers. From significant price drops on models like the Jaguar F-Type to the increased availability across a spectrum of luxury brands, these trends underscore a buyer-friendly market. Luxury on a budget is not only feasible but readily accessible with the right insights and timing. Whether you’re drawn to the allure of a sporty sedan or the elegance of a classic coupe, the current market conditions offer a promising avenue to own a luxury vehicle that aligns with your desires and financial considerations. Ultimately, with strategic timing and thoughtful research of factors like VIN history, your next luxury car purchase can be both personally and financially rewarding.