You can categorize this point as a factor of consideration before buying a used car under $500. You should note that the maintenance cost of a used car is cheaper than that of a brand new car. Although the maintenance cost mainly depends upon the type of car you owned, the approx cost is below $100 annually.

Price of luxury vehicles can range anywhere from $40000 to $150000 depending on the make and model of a particular brand. The definition of luxury will differ according to each brand.

Audi, BMW, Cadillac, Infiniti, Lexus, Lincoln and Mercedes-Benz, and most are likely what you think of as luxury brands because of their reputations, how they're marketed, the features they offer and their price ranges.