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

[Anonymous]

Anonymous wrote:

Anonymous wrote:My uncle is worth 50mil and drives a minivan and shops at old navy. Not kidding.

I may know your uncle. The minivan isn't exactly a clunker, it's loaded and he trades it in for a new every year or two. And in my opinion it's a shtick, a performance since he's the filthy rich owner of the company. Also, his wife drives a new $80,000 Mercedes SUV. And they live in a ridiculous mansion.

Nope nope and nope.

[Anonymous]

You sound like you have never been to New England, OP.

[Anonymous]

It is a New England old money thing (I grew up there)

[Anonymous]

How do you think those people got rich in the first place? That kind of mindset doesn't suddenly end.

[Anonymous]

I’m from the Mississippi Delta. Old money - cotton and lumber. My grandparents spent money freely, but not on expensive cars. They thought it was ridiculous. My parents are the same. My mom drives some kind of Toyota. My dad drives a Ford Pick Up. They have a gorgeous home. They spend money on travel, clothes, jewelry, ....and they give a lot to charity. Vehicles aren’t important to them. I’ve noticed the same in their wealthy friends. Driving flashy cars is more of a new money thing.

[Anonymous]

Net worth is about 3.5mil, HHI>750k. We drive a 2007 Volvo XC and 2016 Subaru Outback.

[Anonymous]

Yes. I drive a Toyota. Vehicles are such a waste of money, especially most luxury vehicles aren’t even reliable! Love my Toyota.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I wouldn’t call Toyotas and Subarus cheap.

I’d call Kias cheap. Do rich people drive Kias?

Probably not. They are looking for value.

5M net worth, HHI>600K, drive Kia and very happy with it.

2M net worth (but still in my 30s), 500k HHI, drive a Kia and very happy, recently turned down my husband's offer for me to get a Tesla

[Anonymous]

Yes, it’s a New England old money thing.

[Anonymous]

Anonymous wrote:Yes. I drive a Toyota. Vehicles are such a waste of money, especially most luxury vehicles aren’t even reliable! Love my Toyota.

A toyota can be $40-70K...

[Anonymous]

$6M

2014 Subaru Impreza, 2017 Subaru Outback, 2005 Toyota Tacoma

[Anonymous]

Anonymous wrote:$6M

2014 Subaru Impreza, 2017 Subaru Outback, 2005 Toyota Tacoma

... Tacoma a used base model ...

[Anonymous]

I’m from the PacNW. We have a Toyota and a Subaru because I think that’s normal even among rich people. While I come from a branch of an old family that squandered its share of the fortune, the rich branches also never went for luxury cars. HHI of $700k.

My husband is from NOVA and had a bachelor’s BMW when I met him. It’s now 12 years old and serves as the au pair beater car.

[Anonymous]

One multi-millionaire (maybe billionaire) I worked for takes metro everyday to his office. He wears a backpack and earbuds and looks like a college student walking down the street. You would have *no idea* he is extremely wealthy.

[Anonymous]

Anonymous wrote:

Anonymous wrote:My boss drives a Toyota Camry or a Sienna to work every day. She also has a six-figure sports car for fun.

My sorority sister was making a killing in medical sales in her 30s and 40s, so she treated herself to a new Range Rover. Bad idea! The competitor reps started telling surgeons she was making more a year than them, not only driving a new Range Rover, but all sorts of other lies about a fabricated lavish lifestyle. So when the surgeons would see her Range Rover in the lot, in their eyes it confirmed the lavish fairytales too. She quickly traded in the Range for a more modest Tahoe. lol

Great opening! Worthy of its own thread.