Kelley Blue Book www.kbb.com has named this year's 10 Best Certified Pre-Owned Luxury Cars Under $30,000.
"CPO sales have increased nearly 11 percent so far in 2014 compared to this time last year, demonstrating consumers are interested in the value-add of a CPO model as their next vehicle purchase," said Jack R. Nerad, executive editorial director and senior analyst for Kelley Blue Book's KBB.com. "Today many Millennials and young professionals are aspirational luxury car owners, and a CPO luxury model helps make that a reality sooner than they may be able to afford buying a new luxury car."
CPO programs not only offer shoppers peace of mind with an automaker's backed guarantee and safety inspection, but they also alleviate consumers from incurring the upfront costs associated with purchasing a brand-new car. For instance, by considering a CPO model, the shopper is not taking as much of a hit toward depreciation, since a luxury vehicle typically loses 35 to 40 percent of its resale value in the first three years of the vehicle's life.
The hand-selected list includes a roster of 10 standouts from all 2011 model-year luxury cars with a Kelley Blue Book Certified Pre-Owned Price starting under $30,000. The best-selling luxury car in the country and the epitome of sport sedans, the 2011 BMW 3 Series is ranked No. 1 for its driving feel at an impressive starting Kelley Blue Book CPO Price of approximately $25,500.
|Rank||Vehicle||Starting Kelley Blue Book CPO Price 1|
|1||2011 BMW 3 Series||$25,464|
|2||2011 Lexus ES||$27,751|
|3||2011 Acura TL||$23,943|
|4||2011 Audi A6||$29,525|
|5||2011 Cadillac CTS||$23,208|
|6||2011 Infiniti G||$20,717|
|8||2011 Cadillac DTS||$28,227|
|9||2011 Volvo XC60||$24,297|
|10||2011 Audi A4||$22,627|