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Luxury Car Maintenance Cost: Least and Most Expensive Options

Luxury Car Maintenance Cost: Least and Most Expensive Options
Sulaiman Abdur-Rahman
Sulaiman Abdur-RahmanUpdated April 22, 2022
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Editor’s note: Lantern by SoFi seeks to provide content that is objective, independent and accurate. Writers are separate from our business operation and do not receive direct compensation from advertisers or partners. Read more about our Editorial Guidelines and How We Make Money.
Luxury cars generally have high maintenance costs. You can spend thousands of dollars maintaining an Audi, BMW, Jaguar, Lexus, Mercedes-Benz, or any other luxury car brand. Consumers can use cash, credit cards, debit cards, or personal loans to pay for vehicle maintenance costs.Below we highlight the average maintenance cost for a luxury vehicle and highlight which makes and models have the cheapest and most expensive maintenance costs.

What Is the Average Maintenance Cost for a Luxury Car?

The average 10-year maintenance cost for a luxury car is about $12,000, according to an analysis of data on CarEdge.com, an automotive research and vehicle listings marketplace.CarEdge documented 10-year maintenance costs for 101 unique models and found the Tesla Model 3 had the cheapest maintenance cost at $3,587. The Porsche Cayenne, meanwhile, had the most expensive maintenance cost at $20,552.Although the average 10-year maintenance cost is about $12,000, some of the 101 luxury models in the CarEdge rankings have maintenance costs far below or above that figure.

Which Luxury Car Has the Cheapest Maintenance Costs?

These five luxury car brands have the lowest maintenance expenses, according to CarEdge’s rankings and data as of April 2022:

1. Tesla

Tesla’s fully electric vehicle models have an average $5,867 maintenance and repair cost during their first 10 years of service. Tesla is classified as a luxury brand in CarEdge’s rankings. 

2. Lexus

Lexus car models share an average $7,786 maintenance and repair cost during their first 10 years of service. Lexus is a luxury brand division of Toyota Motor Corporation.

3. Acura

Acura car models share an average $10,730 maintenance and repair cost during their first 10 years of service. Acura is a luxury brand of Honda Motor Co.

4. INFINITI

INFINITI car models share an average $11,830 maintenance and repair cost during their first 10 years of service. INFINITI is a luxury brand of Nissan Motor Co.

5. Lincoln

Lincoln car models share an average $12,099 maintenance and repair cost during their first 10 years of service. Lincoln is a luxury brand of Ford Motor Company.Recommended: All You Need to Know About the Costs of Owning an Electric Vehicle

Which Luxury Car Is Most Expensive to Maintain?

These five luxury car brands have the highest maintenance costs, according to CarEdge’s rankings and data as of April 2022:

1. Porsche

Porsche car models share an average $22,075 maintenance and repair cost during their first 10 years of service, according to CarEdge’s findings. Porsche makes premium sports cars and other luxury vehicles.

2. BMW 

BMW car models share an average $19,312 maintenance and repair cost during their first 10 years of service. BMW is the flagship brand of BMW Group, a manufacturer of premium vehicles.

3. Land Rover

Land Rover car models share an average $18,569 maintenance and repair cost during their first 10 years of service. Land Rover is a brand of Jaguar Land Rover Automotive PLC, a manufacturer of luxury vehicles.

4. Jaguar

Jaguar car models share an average $17,636 maintenance and repair cost during their first 10 years of service. Jaguar is a brand of Jaguar Land Rover Automotive PLC.

5. Mercedes-Benz

Mercedes-Benz car models share an average $15,986 maintenance and repair cost during their first 10 years of service. Mercedes-Benz is a brand of the Mercedes-Benz Group, a luxury automaker.

Luxury Car Maintenance Cost Comparison 

Here is a table comparing the maintenance costs of luxury cars from cheapest to most expensive as ranked by CarEdge:
RankModel10 Year Maintenance Cost
1Tesla Model 3$3,587
2Tesla Model S$4,566
3Tesla Model Y$4,732
4Lexus ES 350$5,488
5Lexus ES 300h$5,662
6Lexus IS 350$5,680
7Lexus GS 350$5,721
8Tesla Model X$5,723
9Acura ILX$7,104
10Lexus NX 300$7,136
11Acura TLX$7,364
12Lexus RX 350$7,398
13Lexus RX 450h$7,634
14Lexus GX 460$7,652
15Acura RLX$7,683
16INFINITI Q50$8,136
17Lexus LX 570$8,286
18Lincoln MKZ$8,378
19Audi A5$8,687
20INFINITI Q60$8,898
21Audi A3$9,035
22Audi A4$9,054
23Audi S5$9,094
24Audi A5 Sportback$9,115
25Cadillac CT4$9,161
26Volvo S60$9,164
27Cadillac CT5$9,221
28Audi A6$9,252
29Cadillac XT5$9,329
30Audi S4$9,345
31Volvo S90$9,422
32Acura RDX$9,610
33Audi TT$9,644
34Audi S6$9,722
35Acura MDX$9,820
36Audi A7$9,824
37Audi A8$9,895
38Audi S8$10,476
39Mercedes-Benz CLA-Class$10,486
40Mercedes-Benz A-Class$10,492
41INFINITI QX50$10,657
42Mercedes-Benz C-Class$10,734
43Volvo V60 Cross Country$10,770
44INFINITI QX60$10,805
45Volvo V60$11,020
46Lincoln Corsair$11,121
47Mercedes-Benz E-Class$11,224
48Mercedes-Benz CLS-Class$11,322
49Lincoln Nautilus$11,326
50INFINITI QX80$11,582
51Lincoln Aviator$11,691
52Audi Q3$11,843
53Volvo XC40$11,907
54Cadillac XT4$12,018
55Audi Q5$12,068
56Lincoln Navigator$12,111
57Volvo XC60$12,129
58Jaguar XF$12,187
59Mercedes-Benz S-Class$12,306
60Volvo XC90$12,359
61Mercedes-Benz SL-Class$12,389
62Audi SQ5$12,467
63Audi Q7$12,489
64Audi Q8$12,551
65Cadillac Escalade$12,933
66Cadillac Escalade ESV$12,938
67BMW 3 Series$13,219
68Jaguar F-TYPE$13,255
69BMW 5 Series$13,530
70BMW 2 Series$13,780
71Mercedes-Benz GLA-Class$13,781
72BMW Z4$13,999
73BMW 4 Series$14,121
74Mercedes-Benz GLC-Class$14,421
75BMW 7 Series$14,453
76BMW 8 Series$14,548
77BMW M5$14,667
78Mercedes-Benz GLE-Class$14,738
79Porsche 718 Boxster$15,670
80Mercedes-Benz GLS-Class$15,726
81Jaguar F-Pace$16,103
82Land Rover Discovery Sport$16,147
83Land Rover Range Rover Evoque$16,365
84Land Rover Discovery$16,485
85Porsche Panamera$16,531
86Mercedes-Benz G-Class$16,561
87Land Rover Range Rover Velar$16,755
88Land Rover Range Rover Sport$16,989
89BMW X1$17,516
90BMW X2$17,602
91BMW X3$17,711
92Mercedes-Benz Metris$18,045
93BMW X6$18,148
94Land Rover Range Rover$18,228
95Porsche 911$18,231
96BMW X5$18,389
97BMW X7$18,550
98Mercedes-Benz Sprinter$18,634
99BMW X6 M$18,900
100Porsche Macan$20,137
101Porsche Cayenne$20,552
Below we highlight several ways to pay for luxury car maintenance: 

Cash or Debit

You may use cash or a debit card to pay for luxury car maintenance if you have enough cash in hand or sufficient funds in your checking or savings account. Bankrolling the maintenance costs can deplete your savings, but the upside to using cash is it completes a transaction without relying on a creditor.

Credit Cards

Consumers may use credit cards to pay for luxury car maintenance. Some credit cards may offer a rewards program that provides cardholders with at least 1% cash back on all purchases. Credit cards may carry high interest rates, but borrowers can pay off their credit card debt on a flexible timeline with minimum monthly payments or greater.

Personal Loans

Borrowers may take out personal loans to help cover luxury car maintenance expenses. These consumer lending products could be unsecured as a no collateral loan or secured as collateralized loans. Personal loans provide borrowers with a lump sum of money and payment schedule for repaying the loan. 

Refinancing Your Luxury Car

Luxury cars can be expensive to finance and maintain. They can also experience a fast rate of car depreciation. Car owners with an auto loan may consider refinancing to potentially lower their monthly payment or lock in a lower interest rate.

When to Refinance a Car

If you carry an auto loan debt burden, whether and when to refinance a car depends on your personal circumstances. Refinancing may make sense if your credit has improved, because you may qualify for lower rates of interest.

Pros and Cons of Auto Refinancing

There are some pros and cons of auto refinancing. Refinancing may reduce your interest charges, but refinancing could also cause your credit score to drop several points. Banks, credit unions, and nonbank financial institutions may conduct a hard pull inquiry into your credit report if you apply for refinancing, which can impact your credit scores.

Refinancing Your Luxury Car 

You may refinance your luxury car by shopping around, checking your rate, and applying with the refinancing company of your choice. There is a cost to refinance a car, so you have to explore whether refinancing is right for you.

Compare Auto Loan Refinancing Rates Today

Luxury cars are generally expensive to buy and maintain. The maintenance expenses can cost you thousands of dollars over a 10-year period.Lantern by SoFi can help you find the right auto refi loan for you. Refinancing your auto loan could lead to lower monthly car payments and more money in your budget. Check your rate today and see if you prequalify for auto refinancing.

Frequently Asked Questions

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About the Author

Sulaiman Abdur-Rahman

Sulaiman Abdur-Rahman

Sulaiman Abdur-Rahman writes about personal loans, auto loans, student loans, and other personal finance topics for Lantern. He’s the recipient of more than 10 journalism awards and currently serves as a New Jersey Society of Professional Journalists board member. An alumnus of the Philadelphia-based Temple University, Abdur-Rahman is a strong advocate of the First Amendment and freedom of speech.
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