I recently made a video on how I like the Lincoln Continental, which is a smooth luxury sedan that’s strong on comfort and technology. The Continental I featured was something like $75,000, since it was a new model — but the real deal is on the used end. I didn’t realize this, but used Continental models are a bargain.
Here’s the deal: the Lincoln Continental came out for the 2017 model year, which means the very oldest examples were sold in late 2016, or roughly two years ago. If you search on Autotrader for 2017 Continental models, you’ll find that there are more than 200 examples currently listed for under $40,000. That’s a big deal, because the price range for a Continental is about $46,000 to $80,000, depending on options. If the average price for a Continental falls somewhere in between, that means huge depreciation.
Admittedly, the depreciation is about the same as that of other luxury sedans, like the Mercedes-Benz E-Class and the Mercedes-Benz S-Class, and the Audi A6 and the Audi A8. But the benefit of the Continental is that it’s cheaper than most of those vehicles to start, which means it’s cheaper when it depreciates. And it’s not like you’re getting a base model: Of the 228 used 2017 Continental models currently listed for under $40,000, a whopping 50 are high-end "Reserve" trims, meaning you get a lot of equipment for your bargain price.
I admit the Lincoln Continental wouldn’t be first on my list if I were looking for a sporty sedan, but for drivers interested in a luxury car, it’s a good choice — it has a smooth, supple ride and wonderfully comfortable seats. And if you’re looking for a long-distance cruiser, there are few better ways to spend, say, $37,000, than on a used Lincoln Continental — featuring one-year-old technology and modern styling. It’s a great luxury car when it’s new, but it’s even better when it’s used.