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

[Anonymous]

Audi A6 is a $60,000-plus sedan.

[Anonymous]

$2M net worth - we own a 2001 Honda and two pickups older than that. Paid cash and will drive them till they implode.

Why anyone spends money on a car I'll never understand. It's transportation, a depreciating asset and easily replaced by some dude with an Uber sticker in his window.

[Anonymous]

Anonymous wrote:$2M net worth - we own a 2001 Honda and two pickups older than that. Paid cash and will drive them till they implode.

Why anyone spends money on a car I'll never understand. It's transportation, a depreciating asset and easily replaced by some dude with an Uber sticker in his window.

At some point if you are commuting or have long distance drives, you need a reliable car. We drove ours till it no longer felt safe for me but I wasn't going far but my spouse with a 45-90 minute commute each way needs something reliable. You also probably aren't doing things like driving vacations, etc.

[Anonymous]

Anonymous wrote:My late father. Over 1.5 million net worth, loved working and bought himself a base model Camry that he used as a commuter car. Drove that thing for a decade.

Is that a typo? (1.5 million is a perfectly respectable net worth, but I don't think it's what the OP is talking about. 15? or 1.5 in annual income?)

[Anonymous]

Jennifer Dulos the wife of the wealthy builder in CT drove a black Suburban. I’m sure they had a ton of money and didn’t feel the need to drive flashy status cars.

[Anonymous]

Anonymous wrote:Jennifer Dulos the wife of the wealthy builder in CT drove a black Suburban. I’m sure they had a ton of money and didn’t feel the need to drive flashy status cars.

LOL. Suburbans are ridiculously flashy because they guzzle gas to no end and take up huge amounts of space on the road. Not the example I would give of a non-flashy car.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Jennifer Dulos the wife of the wealthy builder in CT drove a black Suburban. I’m sure they had a ton of money and didn’t feel the need to drive flashy status cars.

LOL. Suburbans are ridiculously flashy because they guzzle gas to no end and take up huge amounts of space on the road. Not the example I would give of a non-flashy car.

I don’t think the folks here agree.

[Anonymous]

Anonymous wrote:$2M net worth - we own a 2001 Honda and two pickups older than that. Paid cash and will drive them till they implode.

Why anyone spends money on a car I'll never understand. It's transportation, a depreciating asset and easily replaced by some dude with an Uber sticker in his window.

I’ve heard that theory before, but I spend some time in my car for work and also for family vacations and I couldn’t imagine driving something not nice.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Jennifer Dulos the wife of the wealthy builder in CT drove a black Suburban. I’m sure they had a ton of money and didn’t feel the need to drive flashy status cars.

LOL. Suburbans are ridiculously flashy because they guzzle gas to no end and take up huge amounts of space on the road. Not the example I would give of a non-flashy car.

I don’t think the folks here agree.

The OP was talking about rich people driving old clunkers- not sure a Suburban qualifies

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Jennifer Dulos the wife of the wealthy builder in CT drove a black Suburban. I’m sure they had a ton of money and didn’t feel the need to drive flashy status cars.

LOL. Suburbans are ridiculously flashy because they guzzle gas to no end and take up huge amounts of space on the road. Not the example I would give of a non-flashy car.

I don’t think the folks here agree.

The OP was talking about rich people driving old clunkers- not sure a Suburban qualifies

From what I’ve read here rich people only drive BMW, Mercedes, Audi, Tesla, or Range Rover. Mostly less than 2 years old to maximize financial loss to depreciation.

[Anonymous]

New Suburbans are upwards of $75,000 and 80,000 fully loaded. And guzzle gas. And require a big house for parking. Very popular travel sports private school rich family car. Far from a “low key” or “cheap” clunker.

[Anonymous]

Anonymous wrote:New Suburbans are upwards of $75,000 and 80,000 fully loaded. And guzzle gas. And require a big house for parking. Very popular travel sports private school rich family car. Far from a “low key” or “cheap” clunker.

I don't know, I see a lot of the larger full size SUVs being driven by rich housewives. These cars can be quite luxurious inside but is not attention catching on the outside. Only the in-crowd knows that they are expensive. They are much more low-key than a Range Rover or G Wagon.

[Anonymous]

One of the families at DD's school live in a $4.5M house, are worth about $80M and drive a 2016 Dodge Caravan.

[Anonymous]

Anonymous wrote:One of the families at DD's school live in a $4.5M house, are worth about $80M and drive a 2016 Dodge Caravan.

They have no other cars?

There is no luxury minivan. For people who want the practicality of a van, their choices are fairly limited.

[Anonymous]

2001 BMW

Similarly old Civic

Both bought used, as a second owner, and paid for in cash. At the same time they own three houses, all bought pre-foreclosures, paid in cash. Richest family I know, and extremely tight. They only buy food for a few meals, in very small quantities, so there are no leftovers.