The Most Luxurious Cars of 2023: Driva's Top Picks

Luxury cars have always been the ultimate status symbol, a way for people to show off their taste and success. The luxury car market is constantly evolving, with new vehicles and technologies emerging every year. In this article, we'll take a look at the most luxurious cars available in 2023, and explore what makes these vehicles so special.

Aston Martin is a car maker synonymous with luxury, style, and sophistication, with a legacy deeply rooted in the world of espionage and glamour epitomized by its association with James Bond. The new DB11 model is the latest iteration of the iconic DB range.

The luxury car brand is always been esteemed for its focus on performance, and the DB11 is no exception. The DB11 features engines that range from 4.0L to 5.2L and from turbocharged 12-cylinders to twin-turbocharged eight-cylinders. Like Aston Martin’s entire model range, the DB11 is built in England and comes in three variants.

Starting Price: $382,495

Experience the pinnacle of supercar driving with the Audi R8 V10. This machine, equipped with a naturally aspirated 5.2-litre V10 engine producing 570 to 620 horsepower and a torque of 580 Nm, can launch from 0 to 100 km/h in just 3.1 seconds.

Designed with a mid-engine concept, the low center of gravity and balanced weight distribution, coupled with all-wheel drive, provide exceptional stability even at high speeds and during sharp turns.

According to Audi, the R8 V10 is the closest any of their cars have come to motor racing, making it an easy choice for a thrilling driving experience. For the adrenaline junkies out there, you can find the Audi R8 and its top competitors featured on our blog of The Best Luxury Sports Cars.

Starting Price: $294,892

The Bentley Bentayga is a masterpiece of automotive engineering, effortlessly blending power, style, and comfort into one magnificent package. With a powerhouse W12 engine and a spacious, meticulously crafted cabin lined with only the finest materials and advanced technology, the Bentayga stands at the forefront of luxury SUVs, delivering unrivalled performance and unparalleled safety. It came in 1st place on our list of the Best Luxury SUVs.

Crafted in England, the Bentayga offers drivers the choice of three exceptional variants with engine sizes ranging from 4.0L to 6.0L and powertrains ranging from 12-cylinders to twin-turbocharged eight-cylinders, the Bentayga is a vehicle that is deserving of its status as a world-class upper large SUV. 

Starting Price: $378,600

Luxury is a subjective experience that varies greatly from individual to individual, so it's impossible to give a definitive answer to this question. However, the automotive world has taken notice of the exceptional performance and sophistication embodied in the Mercedes-Benz EQS. This elegant electric vehicle has been hailed as the World Luxury Car of the Year at the 2022 World Car Awards, earning its place as a trailblazer in the intersection of luxury and innovation.

A worthy successor to the iconic S-class, the EQS is a symbol of a new age of mobility, offering both the intelligence of a top-tier electric car and unparalleled luxury. With its aerodynamic coupe body, 21-inch light-alloy wheels, and curved 3D tail lamps, the EQS exudes sophistication and style. Plus, its distinctive "twinkling star" front grille is a visually alluring design element that adds a touch of magic to this already feature-packed vehicle. 

Like the S-class, it’s a full-size luxury sedan but is capable of going from 0 to 100 km/h in 3.8 seconds and driving an impressive 587 km on a single charge. Making it not only a head-turner but also a new leader in sustainable luxury. You can now experience the future of luxury on wheels by financing a Mercedes-Benz EQS with an EV Loan.

Starting Price: $328,400

Which is the most opulent car out of all the ultra-luxury cars? Again, this is a subjective question that depends on individual taste. However, the Rolls-Royce Phantom's reputation as a symbol of extravagance and its near one million dollar price tag certainly places it among the most opulent vehicles in the world.

The Rolls-Royce Phantom is commonly regarded as the epitome of opulence and prestige in the automotive community. The Phantom and its cousins, the Rolls Royce Ghost and Rolls Royce Wraith, all have a rich history of appearing in music videos and on cinema screens. In fact, according to a Bloomberg study, the luxury car brand has been uttered more in music than any other.

Featuring the signature smooth and comfortable ride, a spacious and beautifully appointed cabin, and advanced technology and safety features, the Phantom provides a truly opulent driving experience. 

Powered by a powerful V12 engine and this full-size luxury sedan crafted with only the finest premium materials, the Phantom is available in two variants and proudly built in England. The Rolls Royce Phantom has an impressive driving range with premium unleaded fuel and comes with a reassuring 4-year, unlimited-kilometre warranty.  

Starting price: $915,400

With so many options to choose from, it might be difficult to choose your next luxury vehicle but financing it doesn’t have to be. At Driva, we simplify the process by searching through thousands of loan options and utilizing our intelligent framework to match you with the most affordable and suitable loan terms based on your circumstances. Without any sneaky added fees, our car finance calculator will connect you with the cheapest pre-approved loans available on the market, in a matter of minutes. Taking the time and hassle out of securing financing for your dream car. 

Let Driva do the hard work for you and make that luxury car purchase a reality sooner!

What makes a luxury car a luxury car?

Several factors contribute to the luxury car experience. Some of the most important include:

Advanced technology: Luxury vehicles are often well equipped with the latest technology, including infotainment systems, advanced safety features, and cutting-edge driver assist technologies.

Comfort and convenience: Luxury cars are designed with comfort and convenience in mind, with standard features like spacious interiors, heated and cooled seats, and advanced climate control systems.

Attention to detail: Luxury cars are known for their high-end materials, such as leather and wood, and their attention to detail, from the stitching on the seats to the finish on the dashboard.

Performance: Many luxury cars are designed to deliver exceptional performance, with powerful engines, advanced suspension systems, and precise handling.

Brand reputation: Luxury car brands have a reputation for quality and excellence, and owning a luxury car can be seen as a symbol of wealth and status.

What luxury cars are the most reliable?

Reliability is an important factor to consider when choosing a luxury car. Some of the most reliable luxury car brands include Porsche, Lexus, Mercedes-Benz, BMW, and Audi. These luxury brands have a reputation for producing high-quality vehicles that are built to last. However, it's important to note that individual models within these luxury car brands can vary in terms of reliability. 

What luxury cars hold their value?

The luxury cars that hold their value the best are those that are built with high-quality materials, have a strong reputation for reliability, and are in demand among buyers. Some of the luxury cars that are known for holding their value well include the Lexus LS, the BMW 7-Series, the Audi A8, and the Mercedes-Benz S-Class.

Additionally, luxury cars that have a strong brand reputation and a history of high resale values are often more likely to hold their value. For example, Porsche, Rolls-Royce, Bentley and Aston Martin are known for producing high-end luxury cars that retain their value well over time.

It's important to note that the value of a luxury car can be affected by several factors, including its age, condition, and maintenance history. If you're interested in buying a luxury car and want to ensure that it holds its value, it's a good idea to research the market and choose one with exceptional ratings.

What luxury cars are electric?

Electric vehicles are becoming more and more popular, and luxury car brands are no exception. Some of the most highly-regarded electric luxury cars include the Mercedes-Benz, Tesla Model S, the Porsche Taycan, the Audi e-Tron, and the Jaguar I-PACE. These vehicles are all known for their exceptional performance and advanced technology, which makes them ideal for environmentally-conscious drivers.

Can luxury car tax be claimed?

In Australia, luxury car tax (LCT) is applied to vehicles with a taxable value that exceeds the LCT threshold. This tax is not claimable as a deduction for tax purposes unless of course the vehicle is used for business purposes. 

Primary industry businesses and tourism operators have the opportunity to reclaim up to $3000 of the Luxury Car Tax (LCT) for every all-wheel drive or four-wheel drive vehicle they purchase annually. Additionally, choosing a fuel-efficient vehicle with a combined fuel economy rating of 7.0L/100km or less can be a way of avoiding the LCT, as the higher threshold for these cars is set at $84,916. Work vehicles can be a significant expense for small businesses so be sure to use Driva’s commercial Loan product to get the lowest rates in the market.

The LCT is a 33% tax in addition to the goods and services tax (GST) and is paid by the purchaser of the vehicle. The amount of LCT payable is based on the taxable value of the vehicle, which is calculated using a combination of factors such as the manufacturer's list price, the cost of any options fitted to the vehicle, and the value of any trade-in or trade-down.