4 Used Luxury SUVs That Are a Bad Investment for Retirees
Here are a few luxury SUVs retirees should steer clear of.
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2024 Audi Q5
The 2024 Audi Q5 is a luxury compact SUV with high-tech and advanced safety features. However, it has an overall reliability score of 38/100, according to Consumer Reports, which means it's less reliable than the average new car. The 2024 model has had four recalls, which are related to the engine, electrical system and airbags. According to Consumer Report's subscriber survey of 2024 Audi Q5 owners, the most common non-recall complaints were with the in-car electronics system glitching and minor transmission issues, such as rough shifting.
Overall owner satisfaction is rated 2 out of 5, mainly because of the perceived value. Owners are generally unsatisfied with what they got in the car relative to what they paid for it.
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2021 Genesis GV80
The 2021 Genesis GV80 is a luxury midsize SUV, known for its well-appointed interior and quiet cabin. Unfortunately, it has an overall reliability score of 17/100 — the lowest among 2021 SUVs in its class. This model has a total of four recalls: two regarding the fuel system and two regarding seat belts. The most common non-recall complaints, according to Consumer Reports' subscriber survey, include voice control command failure, replacement of axle and wheel bearings at only 5,000 miles and steering wheel vibration and inner tire wear.
Additionally, overall owner satisfaction is rated 3 out of 5 due to value issues: some customers (around 40%) feel they didn't get what they paid for.
2024 Mercedes Benz GLE
The 2024 Mercedes Benz GLE, a luxury midsize SUV, features a powerhouse engine and comfy, supportive seats, but its reliability score is dismal at just 13/100, according to Consumer Reports. It has had six recalls, including those related to the electrical system, fuel system and vehicle speed control. The most cited non-recall complaints are related to in-car electronics, noises and leaks, brakes, electrical accessories and the climate system.
Owner satisfaction with this model is also poor, with almost 75% of owners stating they didn't get what they paid for.
2022 Volvo XC60
The 2022 Volvo XC60 is a compact luxury SUV that's known for its elegantly appointed interior and advanced safety features. However, its reliability score is concerning at 32/100, per Consumer Reports. The model has had six recalls related to brakes, faulty rearview camera image, electrical system, steering, engine and seat belts. The most common non-recall complaints were related to the climate system and the build quality — both rating 1 out of 5.
Additionally, owner satisfaction is low, rating 1 out of 5, due to only about one-third of owners believing that the 2022 model is a good value for the money.
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This article originally appeared on GOBankingRates.com: 4 Used Luxury SUVs That Are a Bad Investment for Retirees
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