Latest news with #AlanGelfand
Yahoo
3 days ago
- Automotive
- Yahoo
6 New Luxury SUVs That Are Bad Investments for Retirees
When it comes to retirement, financial decisions matter more than ever, especially big-ticket purchases like a new vehicle. While luxury SUVs may offer style, comfort and cutting-edge features, not all of them are practical for retirees. On top of the purchase price, there are surprise costs that can eat into a retiree's budget. Read Next: Check Out: Here are six new luxury SUVs that may look appealing for retirees but could end up being a bad investment over the long run. Alan Gelfand, German car expert and owner at German Car Depot in Hollywood, Florida, noted that these vehicles look great, but they'll eat into your retirement savings. He explained that the air suspension system will likely start to fail, and the repairs can get pricey, especially when the warranty expires. 'The electrical systems are nightmarishly complex,' Gelfand said. 'A door handle malfunction requires the replacement of a control module that costs $800. The repair costs for infotainment system failures amount between $2,500 and $3,500.' Be Aware: The Maserati Levante, a luxury crossover SUV with sleek coupe-like design and a powerful engine, certainly turns heads. However, its sharp depreciation means you're unlikely to recoup much of your investment when it comes time to sell. 'The Levante experiences such rapid depreciation that it surpasses most luxury SUVs with a 60% to 70% value drop in three years,' Gelfand explained. Maintenance costs are also pricey, especially brake jobs. Gelfand also pointed out that customers often experience lengthy delays for basic components, as supplies are often limited to main urban areas. The BMW X7 may appeal to luxury SUV enthusiasts, but it's far from retiree-friendly. According to Gelfand, the twin-turbo V8 engine requires premium fuel, which can get costly. It's also known to have electrical issues. 'Each minor issue in the complex electronic systems results in costly diagnostic fees from the beginning,' Gelfand explained. The Mercedes-AMG GLS 63 is a powerful SUV, but it's overkill — and expensive — for retirees. 'The maintenance requirements of the AMG vehicle are strict since brake fluid needs to be changed every two years,' Gelfand said. It's also a gas guzzler and demands high-grade fuel. 'Retirement drivers who stay near home need to bear supercar maintenance expenses because they will never benefit from these features,' he said. According to Gelfand, the supercharged V8 Escalade-V is a maintenance disaster. 'The GM electronics in these vehicles experience reliability problems and supercharger rebuilds demand prices ranging between $6,000 and $8,000,' Gelfand explained. 'Older passengers will find the driving experience of this vehicle to be too much like a truck.' More From GOBankingRates 6 Popular SUVs That Aren't Worth the Cost -- and 6 Affordable Alternatives This article originally appeared on 6 New Luxury SUVs That Are Bad Investments for Retirees Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Automotive
- Yahoo
6 New Luxury SUVs That Are Bad Investments for Retirees
When it comes to retirement, financial decisions matter more than ever, especially big-ticket purchases like a new vehicle. While luxury SUVs may offer style, comfort and cutting-edge features, not all of them are practical for retirees. On top of the purchase price, there are surprise costs that can eat into a retiree's budget. Read Next: Check Out: Here are six new luxury SUVs that may look appealing for retirees but could end up being a bad investment over the long run. Alan Gelfand, German car expert and owner at German Car Depot in Hollywood, Florida, noted that these vehicles look great, but they'll eat into your retirement savings. He explained that the air suspension system will likely start to fail, and the repairs can get pricey, especially when the warranty expires. 'The electrical systems are nightmarishly complex,' Gelfand said. 'A door handle malfunction requires the replacement of a control module that costs $800. The repair costs for infotainment system failures amount between $2,500 and $3,500.' Be Aware: The Maserati Levante, a luxury crossover SUV with sleek coupe-like design and a powerful engine, certainly turns heads. However, its sharp depreciation means you're unlikely to recoup much of your investment when it comes time to sell. 'The Levante experiences such rapid depreciation that it surpasses most luxury SUVs with a 60% to 70% value drop in three years,' Gelfand explained. Maintenance costs are also pricey, especially brake jobs. Gelfand also pointed out that customers often experience lengthy delays for basic components, as supplies are often limited to main urban areas. The BMW X7 may appeal to luxury SUV enthusiasts, but it's far from retiree-friendly. According to Gelfand, the twin-turbo V8 engine requires premium fuel, which can get costly. It's also known to have electrical issues. 'Each minor issue in the complex electronic systems results in costly diagnostic fees from the beginning,' Gelfand explained. The Mercedes-AMG GLS 63 is a powerful SUV, but it's overkill — and expensive — for retirees. 'The maintenance requirements of the AMG vehicle are strict since brake fluid needs to be changed every two years,' Gelfand said. It's also a gas guzzler and demands high-grade fuel. 'Retirement drivers who stay near home need to bear supercar maintenance expenses because they will never benefit from these features,' he said. According to Gelfand, the supercharged V8 Escalade-V is a maintenance disaster. 'The GM electronics in these vehicles experience reliability problems and supercharger rebuilds demand prices ranging between $6,000 and $8,000,' Gelfand explained. 'Older passengers will find the driving experience of this vehicle to be too much like a truck.' More From GOBankingRates 6 Popular SUVs That Aren't Worth the Cost -- and 6 Affordable Alternatives This article originally appeared on 6 New Luxury SUVs That Are Bad Investments for Retirees
Yahoo
3 days ago
- Automotive
- Yahoo
I'm a Car Expert: 5 Most Improved Luxury Cars That Are Now Worth Your Money
When it comes to wealthy luxury vehicles, most buyers gravitate toward long-established German brands. But according to Alan Gelfand, owner of German Car Depot — with over 30 years of experience servicing BMW, Mercedes-Benz, Audi and Porsche vehicles — it's time to expand our view. For You: Trending Now: 'The luxury experience market no longer depends on German brands because alternative manufacturers now provide comparable premium experiences at lower prices,' Gelfand said. Here are the most improved luxury cars Gelfand recommends buying now and why they're worth your money. Why they're worth it: Once dismissed for their Hyundai roots, the Genesis G90 and G80 (2022 and newer) have evolved into serious contenders in the luxury space. Gelfand said Genesis recruited engineers from German brands and it shows. 'The engineering divisions of Genesis and Cadillac established partnerships with employees who previously worked at German automakers. The suspension settings and interior materials and overall sophistication of these vehicles demonstrate a clear enhancement,' Gelfand said. Read Next: Genesis also offers a 10-year powertrain warranty, which is significantly longer than the four years offered by BMW and Audi, making it a more cost-effective option to own. Gelfand estimated owners save 40% to 50% on maintenance over five years compared to a Mercedes S-Class. Why they're worth it: Cadillac's Blackwing sedans (2022 to 2024) pair American muscle with premium refinement. Powered by a supercharged V8 from the Corvette Z06, the CT5-V Blackwing delivers over 650 horsepower (according to Cadillac's website) with the option of a manual transmission, an increasingly rare feature. 'The construction quality and interior components of these vehicles match the standards of BMW M vehicles,' Gelfand said. Low production numbers and strong enthusiast demand are already pushing resale values higher. Gelfand believes these will become future collectibles. Why it's worth it: The Lexus LS 500 has always been known for reliability, but newer models (2021 and Newer) deliver a more complete luxury experience. The 2021 refresh introduced significant enhancements to ride quality and infotainment, two areas where Lexus had previously lagged. 'The brand stands as a proper competitor to S-Class luxury vehicles,' Gelfand said. For buyers who value peace of mind and long-term durability, the LS 500 is a smart pick. Looking ahead, Gelfand is keeping an eye on several luxury EVs poised to shake up the market: BMW iX M60: With up to 610 horsepower and adaptive air suspension (according to BMW's website), the iX M60 delivers the dynamic handling expected from a BMW, even as an electric SUV. Mercedes-Benz EQS (2025): A larger battery and updated software aim to fix early issues (according to Mercedes-Benz's website), making the 2025 EQS more refined and range-efficient. Genesis Electrified G90: Expected to carry over Genesis's award-winning design and build quality, this flagship EV could disrupt the high-end luxury electric segment. Gelfand said we're in the middle of a major shift in the luxury car world. 'The luxury experience market no longer depends on German brands because alternative manufacturers now provide comparable premium experiences at lower prices,' he said. While German brands still lead in brand prestige, they're no longer the only way to get a premium driving experience. Today's most improved luxury cars offer competitive quality, cutting-edge tech and in many cases, better long-term value. Editor's note: Vehicle prices range depending on vehicle's year. More From GOBankingRates 3 Reasons Retired Boomers Shouldn't Give Their Kids a Living Inheritance (And 2 Reasons They Should) The New Retirement Problem Boomers Are Facing This article originally appeared on I'm a Car Expert: 5 Most Improved Luxury Cars That Are Now Worth Your Money
Yahoo
27-05-2025
- Automotive
- Yahoo
German Car Depot Publishes New Article on ‘BMW Repair Services: Expert Care for Your Ultimate Driving Machine'
Hollywood, FL, May 27, 2025 (GLOBE NEWSWIRE) --German Car Depot, a leading auto repair shop specializing in German car brands, is happy to announce that it has recently published a new article, 'BMW Repair Services: Expert Care for Your Ultimate Driving Machine.' Leveraging years of expertise and knowledge of Alan Gelfand, German car expert and owner of German Car Depot, the repair shop's new article aims to provide guidance to BMW drivers on how to find the most reliable repair technicians, the benefits of maintenance and what should be included, and the most common BMW issues, along with how to remedy them. 'As the owner of German Car Depot and someone who has spent over two decades working with German automobiles, I've seen firsthand how proper maintenance and skilled repairs can extend the life of a BMW,' stated Mr Gelfand. 'When it comes to your 'Ultimate Driving Machine,' expertise matters—cutting corners with inexperienced technicians can lead to costly complications down the road. At German Car Depot, we believe that proper BMW repair isn't just about fixing what's broken—it's about understanding these remarkable vehicles well enough to keep them performing at their best for years to come.' Some of the core areas outlined in German Car Depot's new specialist BMW repair article include: Why BMW-Specific Knowledge Matters BMWs are engineering marvels with unique systems that require specialized knowledge. From the complex electronics to the precise engine timing, these vehicles demand technicians who understand their distinctive architecture. Unlike general repair shops, specialists possess: Extensive training on BMW-specific systems Access to specialized diagnostic equipment Experience with common model-specific issues Understanding of BMW's engineering philosophy BMW Common Issues That Require Expert Attention Electronic Systems Modern BMWs contain sophisticated electronics that control everything from engine performance to comfort features. Common electronic issues include: iDrive system malfunctions Electrical parasitic drains Failing sensors that trigger check engine lights Adaptive headlight system failures Expert technicians use specialized diagnostic tools to pinpoint these issues accurately rather than replacing parts through guesswork. Cooling System Reliability BMWs are known for certain cooling system vulnerabilities that benefit from preventive maintenance: Water pump failures (particularly in 3-series models) Thermostat housing leaks Expansion tank cracks Radiator plastic end tank failures An experienced BMW technician recognizes early warning signs and can recommend timely preventive repairs before a minor issue becomes a major breakdown. Oil Leaks and Gasket Failures As BMWs age, several seals and gaskets commonly require attention: Valve cover gaskets Oil filter housing gaskets Oil pan gaskets Timing cover seals These seemingly minor leaks can lead to serious problems if oil contaminates electrical components or drive belts. Proper repair requires meticulous attention to detail and a comprehensive understanding of how these components interact. The Value of Proper Diagnostic Procedures When a BMW displays a warning light or exhibits unusual behavior, the proper diagnostic approach makes all the difference: Comprehensive computer scanning using BMW-specific software Physical inspection by a technician familiar with model-specific issues Road testing to reproduce intermittent problems Systematic troubleshooting based on experience with similar cases This methodical approach saves both time and money by addressing the root cause rather than merely treating symptoms. Maintenance: The Key to BMW Longevity Preventive maintenance is especially crucial for BMWs. Following manufacturer-recommended service intervals is essential, but a BMW specialist often knows which services should be performed earlier than recommended for certain models based on real-world experience. Critical BMW Maintenance Services include: Oil service using BMW-approved lubricants Transmission fluid changes (despite 'lifetime fluid' claims) Cooling system flushes and component inspections Brake fluid replacement (BMW recommends every two years due to fluid's hygroscopic nature) Finding the Right BMW Service Partner When selecting a service facility for a BMW, individuals should consider the following factors: Technician certifications and BMW-specific training Diagnostic equipment capabilities Access to genuine or high-quality parts Warranty options on repairs Transparency in explaining issues and solutions A quality BMW service provider views their relationship with a client as a partnership in maintaining a vehicle's performance, safety, and value. 'Your BMW represents precision German engineering at its finest—an investment that deserves care from technicians who understand its unique requirements. Whether you're maintaining a classic E30 3-series or the latest X7 SAV, entrusting your vehicle to specialists with model-specific expertise will ensure many miles of the legendary BMW driving experience,' added Mr Gelfand. German Car Depot encourages BMW owners seeking a comprehensive guide to ensuring a highly functioning and long-lasting vehicle to read its new article today. About German Car Depot Located in Hollywood, FL, German Car Depot has been serving its local community for over 30 years with top-notch repairs for German car brands at prices that will save 20-30% compared to the dealership. With the latest equipment and technology and a team of trained technicians, German Car Depot maintains vehicles quickly and accurately without the costs and time associated with taking a vehicle to the dealer. More Information To learn more about German Car Depot and its new article, 'BMW Repair Services: Expert Care for Your Ultimate Driving Machine', please visit the website at Source: CONTACT: German Car Depot 2130 Fillmore St Hollywood Florida 33020 United States 954-921-1515
Epoch Times
30-04-2025
- Automotive
- Epoch Times
GM Recalls 600,000 US Cadillac, Chevy and GMC Automobiles
General Motors announced it is recalling 600,000 SUVs and trucks in the United States because of defects that could lead to engine problems. GM said in an Vehicles being recalled include 2021 through 2024 model-year Cadillac Escalade and Escalade ESV; Chevrolet Silverado 1500, Suburban, and Tahoe; and GMC Sierra 1500, Yukon, and Yukon XL vehicles with 6.2L V8 gas engines. National Highway Traffic Safety Administration initiated an investigation in January into reports of engine breakdowns in GM vehicles with the V8 engine. Drivers were hearing knocking or banging sounds and seeing the 'check engine' light turning on. After conducting its own inquiry, GM reported 12 crashes and 12 injuries possibly related to the engine problem. GM identified 28,102 field complaints or incidents related to the engine issues, of which 14,332 allegedly lost propulsion. Related Stories 4/11/2025 3/31/2025 Some 600,000 vehicles in the United States are included in the recall, but only 3 percent have the malfunction, according to GM. Letters to owners are expected to be mailed starting June 9. 'While the recall is currently voluntary, it is critical for GM drivers with vehicles identified in the recall to have their vehicles inspected,' Pemberton Personal Injury Law Firm attorney Rhyan Lindley told NTD in an email on April 29. Dealers have vowed to inspect the affected vehicles and if needed, repair or replace the engine without cost. The cost of the recall is undisclosed by GM, but will likely be high, according to German Car Depot owner Alan Gelfand. 'People should always ask about loaner vehicles when they make an appointment for recall work, and an affected GM vehicle owner should book their recall service appointment as soon as they receive their notification,' Gelfand told NTD on April 29. But vehicle owners were advised that the recall might not go smoothly. 'Those who have vehicles that are part of the recall will likely face extensive wait times for repairs and the inconvenience of being without their vehicle for a while,' auto industry expert Melanie Musson told NTD on April 29. 'The dealership may offer a loaner or a rental, but it's not guaranteed.' provides insurance and auto industry education. 'They are not replacing entire cars—only repairing or replacing engines when necessary,' EpicVIN chief marketing officer Alex Black told NTD on April 29. 'If your engine passes the test, you'll receive new oil, a new oil filter, and a new oil cap.' EpicVIN is a vehicle history reports platform. The Associated Press and Reuters contributed to this report.
