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The vehicles below made the list.
In contrast, here arenine budget-friendly cars wealthy retirees love to drive.
In case of issues, finding a qualified service center can be challenging and time-consuming.
Over time, electric vehicle batteries degrade, leading to reduced range and potential costly replacements, Sultanov said.
This can be a concern for retirees who need a reliable and long-lasting vehicle.
Additionally, the low seating can make it hard to get in and out of.
Retirees might prefer a more dependable vehicle to avoid unexpected expenses and stress.
The BMW 7 Series is renowned for itsperformance and luxury features, Sultanov said.
Another big downside is the high cost of ownership, which includes repairs and insurance.
This can be a poor investment for those looking to preserve their savings, Sultanov said.
Higher fuel costs can add up, making it a less economical choice for those on a retirement budget.
Retirees may find the cost of ownership prohibitive, he said.
It is known for having high maintenance costs andpossible reliability issues, though, Shaw said.
Jaguars, including the XJ, have historically struggled with reliability, Sultanov said.
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