Of course you can buy a limo. But you need to ask yourself, since this is not your average spend. Are you a celebrity? or are limo really serves your purpose? A new, average-sized limo in the US costs around $220,000. However, this price can vary greatly depending on the make and model of the limo. For example, a custom-built limo can cost anywhere from $350,000 to $1 million or more. Now that will be months if not years worth of hardwork!