Acura and BMW Top List of 2013's Most Affordable Luxury Cars, According to New
Luxury cars can seem out of reach for car shoppers on a budget. However,
personal finance site, http://www.GoBankingRates.com, investigates what the
term "luxury" really means in the automotive industry and uncovers the five
most affordable luxury cars on the market today that provide a premium look
and feel, for thousands of dollars less.
LOS ANGELES, Calif., June 13, 2013 (GLOBE NEWSWIRE) -- via PRWEB - The
National Automobile Dealers Association (NADA) reports that new car dealership
sales have gone up more than 12 percent in 2011, marking a second straight
year of post-recession sales growth. Despite this indication of increased car
buying, however, bridging the gap between luxury and frugality can be a
challenge for auto loan borrowers today. In its latest analysis,
GoBankingRates.com explains the concept of luxury vehicles and uncovers the
most affordable luxury cars in 2013.
The report reveals that the label "luxury" is elicited more from an experience
rather than a vehicle's specific features or trim level.
"Luxury is a highly subjective concept," explains car enthusiast Frederick
Coates to GoBankingRates.com. "Luxury cars are supposed to have a certain
emotion associated with them -- almost intangible -- that affects how they
make a driver feel."
Coates compares a standard Audi A3 with a fully-loaded economy car like a
Hyundai Elantra GT and states that "both may have leather and the Hyundai will
have more features, but only one gets the nod for being considered 'premium.'"
With this concept in mind, the report identifies five of the cheapest luxury
cars of 2013 that give car buyers the feeling of luxury at a lower price. At
the top of the list are:
1. 2014 Acura ILX Sedan
The Acura ILX Sedan made it onto the list of the cheapest luxury cars because
the brand has established itself as a competitor in the luxury automotive
space. In addition to exuding a high-class experience, the findings cite the
ILX's tangible attributes that provide a luxury feel such as standard leather
power seats and multi-angle rear camera view.
2. 2013 BMW 1 Series Coupe
Commonly referred to as the "Baby Bimmer," the BMW 1 series is the bottom tier
in BMW's lineup, according to the investigation. With a reported MSRP starting
at $32,125, the financing cost for the well-renowned brand isn't far from
Also included in the list of the most affordable luxury cars are brands such
as Volvo, Audi and Cadillac.
See the full list here:
For questions about this report or to speak with a GoBankingRates.com editor,
please use the contact information below.
GoBankingRates.com is a national website dedicated to connecting readers with
the best interest rates on financial services nationwide, as well as
informative personal finance content, news and tools. GoBankingRates.com
collects interest rate information from more than 4,000 U.S. banks and credit
unions, making it the only online rates aggregator with the ability to provide
the most comprehensive and authentic local interest rate information.
Additionally, GoBankingRates.com partners with a number of major media outlets
such as Business Insider and US News & World Report to provide compelling and
edifying personal finance content. Its expert editors have been featured and
quoted on several premier finance websites like Yahoo! Finance, Forbes, The
Street, Huffington Post and more.
Jaime Catmull, Director of Public Relations
Photo Credit: autoviva, Flickr Creative Commons
Source: NADA, "State-Of-The-Industry Report," 2012.
This article was originally distributed on PRWeb. For the original version
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