These 14 Used Cars Will Drain Your Wallet

Buying a new car can be fun and exciting, but it can also be costly. You need to be careful, especially with used cars will drain your wallet due to high maintenance costs.

Getting what you think is a good deal on a car can be costly in the long run. Frequent repairs, expensive parts, and poor fuel consumption can drain your wallet.

To help you search for a reliable and affordable used car, here are 14 used cars will drain your wallet if you want to save money and keep your budget intact while keeping them on the road.

Audi A8: Used Cars Will Drain Your Wallet

The Audi A8 is an ultra-premium luxury sedan with a pristine driving experience, luxurious interior, powerful engine, and cloud-like suspension. However, these fancy components come at a cost: a massive repair bill when these cars need work. The Audi A8’s air suspension is known to fail due to the air compressor failing, but it can also mean that the whole air system may need to be replaced.

Cadillac Escalade

This American SUV is an icon of prestige and power, but it does come with the added costs of expensive repairs. The Cadillac Escalade may seem like a great buy with all its features, but it’s important to be cautious. Older models have multiple issues and even worse fuel consumption with thirsty, powerful V8 engines.

Chevrolet Suburban

The Chevrolet Suburban offers excellent interior space, strong towing capacity, and great looks, but it also comes with some hefty repair bills. The Suburban is also a large SUV, meaning it needs a powerful engine to move the weight, which means these motors are fuel-thirsty. The transmissions of the Chevrolet Suburban are known as weak points for these vehicles, and the fuel system and electronics are also known to cause issues.

BMW 7 Series

Like Audi, the BMW 7 Series is a luxurious sedan with great looks and a reputation for being excellent. But it also comes at a cost: a high maintenance bill. Its weaknesses are also the complex suspension and motor that make the 7 Series a great sedan. The older the BMW 7 Series, the more expensive its repairs become due to problems such as engine failure, suspension, and electrical issues.

Chrysler Town & Country

The Chrysler Town & Country is an iconic minivan. Its ease of passenger loading, ample interior space, and comfortable seats make it a must-buy for many people. However, it does have its own set of issues. Known issues, such as the transmission, electrical problems, and engine, can make this minivan an expensive long-term vehicle.

Ford Expedition

The Ford Expedition is an all-American SUV that is great for families. It is a large, spacious SUV with loads of power to tow a trailer or a boat. It does come with its own issues that can become quite expensive to deal with. These issues include paint bubbling and peeling, transmission failures, and electronic problems.

Jaguar XF

This prestigious British sedan offers a great-looking car with a premium interior and a powerful engine. Still, as it is a Jaguar, it has a reputation for poor reliability and expensive repair bills due to the rarity of the parts. Electronics such as the instrument cluster are known to fail, and faulty airbags, ignition coil issues, and fuel system issues are also common problems.

Lincoln Navigator

The Lincoln Navigator is a great family-sized SUV with luxurious and premium qualities, making it a great vehicle for driving around town and cruising the freeway. However, all the fancy technology and parts can be expensive when they get older and need replacement. Bad battery cables, coolant leaks, and engine issues can be costly to repair as the vehicle ages.

Mercedes-Benz S-Class

The Mercedes-Benz S-Class is often seen as the peak of luxury for sedans. But this ultra-luxury vehicle has its own issues. Like all vehicles that use luxurious and rare parts, repair bills can shock the owner. The fancy and complicated air suspension in the S-Class is a common failure for these cars, and the transmission is known to fail over time.

Mini Cooper

The classic British small car, the Mini Cooper, is a favorite for many who want to own a vehicle. This beloved hatchback has complications and headaches because it is cramped to work on. Oil issues, such as turbo oil line failures and leaks, are very common in this car. Loose timing chains are also known issues.

Range Rover Sport

The Range Rover Sport is the perfect blend of an SUV that can go anywhere off-road while being a luxurious vehicle with its premium materials and feel. However, this does come at the cost of reliability issues that have plagued the brand for many years. In addition to known issues such as air suspension and electronic failures, the repair work is costly and takes a while due to part rarity.

Porsche Cayenne

The Porsche Cayenne is Porsche’s answer to the SUV market. This SUV offers the performance you expect from the brand and premium touches. However, it also means you get Porsche-priced repair bills. Porsche repairs are known to be expensive, and the parts are not cheap. This means you will pay a lot for your service when known issues such as coolant lines crack and the engine fails.

Volkswagen Phaeton

The Volkswagen Phaeton was an unsuccessful attempt by the brand to compete against the likes of BMW, Audi, and Mercedes-Benz in the luxury sedan market. If you get one of these rare VWs, you will have difficulty servicing the rare W12 motor and other parts.

Volvo XC90

Lastly, the Volvo XC90 is an excellent SUV with great safety standards and comfortability, but it is also expensive to maintain and own because it is a Volvo. This means the older this SUV is, the more expensive it will be to look after. Known issues include brake, coolant leaks, and steering/suspension failure due to age.

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As someone of above-average height, I can tell you that driving a compact car is not only uncomfortable, but it’s also always the safest. It makes blind spots more common, making it hard to see streetlights without disjointing my neck. Car shopping has always been a hassle, and I wish I had this information before I started test-driving multiple cars. These are some of the best vehicles for those taller than their fellow drivers.

41 Shocking Ways You’re Throwing Money Down the Drain

There are many ways to increase the money in your bank account. Many people start by looking at ways to make more money. And, of course, that is a great solution. But it isn’t always the easiest. A better, easier way may be to examine your spending habits. By tracking your spending and seeing where every dollar goes, you’ll likely find several instances of spending money you don’t have to. It could be little things that add up or recurring monthly expenses that are an utter waste of money.

Once you eliminate your bad spending habits, the money you save can go toward your emergency fund, paying off debt, or other essential things. Here are the 41 biggest wastes of money to look out for.

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In today’s economy, strict budgeting has become a reality for many, sometimes involuntarily. With fast fashion and rapidly changing trends, temptations are on the rise. Mastering a budgeting mindset can empower a person to manage their finances responsibly. It’s a step towards achieving self-fulfillment while leaving room for some fun.