Do you know any wealthy people who actually drive low-key cheap cars?

[Anonymous]

Anonymous wrote:Jeep Grand Cherokees are trash. No self respecting wealthy person would drive one. Not. A. Single. One.

Exactly. OP tell us more about yourself.

[Anonymous]

The people I know with net worth $2- $10m (I'd guess) drive nice cars.

People under $2m Honda or Toyota.

The people I know with net worth in the $50m range drive Teslas.

The people I know in the hundreds of millions have anything from CRV to Ferrari.

[Anonymous]

Haven’t read all 9 pages but the IKEA founder (forgot his name) drives an old beat up car. And I think I read somewhere that Warren Buffet also lives frugally (old car, old house, etc...).

[Anonymous]

Anonymous wrote:

Anonymous wrote:Jeep Grand Cherokees are trash. No self respecting wealthy person would drive one. Not. A. Single. One.

Exactly. OP tell us more about yourself.

Lol every Cherokee owner I know financed theirs on some terrible loan, like 12 percent APR.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Jeep Grand Cherokees are trash. No self respecting wealthy person would drive one. Not. A. Single. One.

Exactly. OP tell us more about yourself.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Jeep Grand Cherokees are trash. No self respecting wealthy person would drive one. Not. A. Single. One.

Exactly. OP tell us more about yourself.

Lol every Cherokee owner I know financed theirs on some terrible loan, like 12 percent APR.

They live in the Florida panhandle, have never used the AWD, and in addition to financing their Cherokee on a terrible loan, also financed their engagement ring.

[Anonymous]

No, that one rich guy drove benz and flies his own plane.

[Anonymous]

Anonymous wrote:Haven’t read all 9 pages but the IKEA founder (forgot his name) drives an old beat up car. And I think I read somewhere that Warren Buffet also lives frugally (old car, old house, etc...).

Yes, someone mentioned the IKEA founder already. Exceptions, not the norm.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm OP. I just recalled this sort of smug couple in the neighborhood who waxed on how they didn't like cars, cars were just point A to point B, blah blah, had an old Honda CRV and Subaru. As soon as one of their parents passed away and they got a nice inheritance, they moved and bought a new BMW coupe and Land Rover SUV. lol

Of course. New money.

Stop making lame class distinctions. Money is money.

Seriously....”new money”...lol. I remember that term from the old days. I’d rather be “new money” (EARNED) than old money (inherited and, in some cases, running out...)

*shrugs*

I'm not saying new money is better than old money. It's just that one would expect a "new money" car to be flashy, or at least flashier than old money.

I didn't make the point to make you feel bad or insecure. It's just the way it works out in the real world.

[Anonymous]

My husband had a 1994 Chevy Blazer until I bought him a new car in 2009. I don't know how many miles it had, but the rearview mirror was being held on to the windshield by duct tape. He was up for a new promotion and I felt the Blazer didn't fit the new image (partner of a law firm). Anyway, I couldn't even get him to test drive the new car, so the salesman offered to drive the car to our home for him to test drive. We eventually bought the car (an Acura RDX). Months went by with that old Blazer sitting in the driveway rotting away. I eventually convinced him to donate it. He literally weeped as the tow truck took it away. Fast forward, he still has that RDX and has no intentions of switching. His annual income is now in the seven figures and our wealth is at least 6X what it was back then.

[Anonymous]

Anonymous wrote:My husband had a 1994 Chevy Blazer until I bought him a new car in 2009. I don't know how many miles it had, but the rearview mirror was being held on to the windshield by duct tape. He was up for a new promotion and I felt the Blazer didn't fit the new image (partner of a law firm). Anyway, I couldn't even get him to test drive the new car, so the salesman offered to drive the car to our home for him to test drive. We eventually bought the car (an Acura RDX). Months went by with that old Blazer sitting in the driveway rotting away. I eventually convinced him to donate it. He literally weeped as the tow truck took it away. Fast forward, he still has that RDX and has no intentions of switching. His annual income is now in the seven figures and our wealth is at least 6X what it was back then.

Maybe I’m weird but I don’t like getting used to a new car. I can’t even imagine breaking in a new one every year.

[Anonymous]

Anonymous wrote:My husband had a 1994 Chevy Blazer until I bought him a new car in 2009. I don't know how many miles it had, but the rearview mirror was being held on to the windshield by duct tape. He was up for a new promotion and I felt the Blazer didn't fit the new image (partner of a law firm). Anyway, I couldn't even get him to test drive the new car, so the salesman offered to drive the car to our home for him to test drive. We eventually bought the car (an Acura RDX). Months went by with that old Blazer sitting in the driveway rotting away. I eventually convinced him to donate it. He literally weeped as the tow truck took it away. Fast forward, he still has that RDX and has no intentions of switching. His annual income is now in the seven figures and our wealth is at least 6X what it was back then.

He's probably constantly working and no time to enjoy driving.

[Anonymous]

Yeah OP, I do. I get a kick out of driving a junker. There's quirky little things I like about it. And I've become a pretty good mechanic. I'd like to have it painted though

[Anonymous]

We're early 30s committed childfree DINKs with net worth reaching towards $2.5 mil, so we're not super rich by DCUM standards, but feel very comfortable. We share one tiny car worth $4K that's dented, scratched, and only has one hubcap left. It runs and we hope it lasts another 10 years. I occasionally think about getting a nicer car but then remember it'll come with higher insurance, and especially the anxiety and anger it'll give me when it inevitably gets marked up or broken into in the city. Maybe this is why there are so many angry car drivers.

[Anonymous]

Anonymous wrote:Yeah OP, I do. I get a kick out of driving a junker. There's quirky little things I like about it. And I've become a pretty good mechanic. I'd like to have it painted though

I used to agree till I got a new car and wondering why I did not do it sooner. But then again, at least now I don't have to worry about getting stuck or not turning on. Its bad when you are on a first name basis with several tow truck drivers.