Where does this notion come from that wealthy people don't drive nice cars?

[Anonymous]

Anonymous wrote:It depends on the type of rich. The old money country club types - the ones that live on certain streets in certain zip codes in old homes and have used the same private schools for generations - those types do not drive new luxury brand SUVs. They drive used ones, older ones, Jeeps, Fords, Volvo wagons, etc. Driving a new black Range Rover or BMW is gauche to them.

These people are frequently stewards of trusts. We've had 2 other threads recently (the less well off spouse who married a trust fund person who is not entitled to any of that trust, and the why are people so obsessed with generational wealth) where we see how money is being passed down from generation to generation. This money frequently runs out unless someone in the newer generation has the ability to keep managing/adding to it. Also, remember, whoever bought the big house on the "certain street in certain zip codes" were once upon a time showing off their wealth. That they aren't any longer circles back to either the money is running out or they have switched to preservation of generational wealth mode.

[Anonymous]

I think the correct notion is that not every wealthy person likes to show it off to and announce it to the general public. Rich people also just buy what they want to. Maybe they don’t care about cars but spend bucket loads of money on travel, clothes, and rich people hobbies.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Did you even read the millionaire next door? Most drive honda's. The poorest people I know drive "nicer" cars, the multimillionaires myself included drive honda's, toyota's, nissan's. Poorer people tend to fake the funk and think that they're fooling people.

Oy vey. Nothing screams midwit prole Dave Ramsay listener like citing a conman’s book.

Imagine trying to zing a stranger online and getting all your information incorrect how embarrassing!

Maybe stop the day drinking Marge!

[Anonymous]

Anonymous wrote:

Anonymous wrote:It depends on the type of rich. The old money country club types - the ones that live on certain streets in certain zip codes in old homes and have used the same private schools for generations - those types do not drive new luxury brand SUVs. They drive used ones, older ones, Jeeps, Fords, Volvo wagons, etc. Driving a new black Range Rover or BMW is gauche to them.

This is nonsense. We’re social members at a stuffy country club. Nobody drives crummy old cars, not even members’ teen kids. The only crummy old cars are in the employee lot.

It is unsurprising that the people who choose to join a stuffy country club also buy expensive cars.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It depends on the type of rich. The old money country club types - the ones that live on certain streets in certain zip codes in old homes and have used the same private schools for generations - those types do not drive new luxury brand SUVs. They drive used ones, older ones, Jeeps, Fords, Volvo wagons, etc. Driving a new black Range Rover or BMW is gauche to them.

This is nonsense. We’re social members at a stuffy country club. Nobody drives crummy old cars, not even members’ teen kids. The only crummy old cars are in the employee lot.

It is unsurprising that the people who choose to join a stuffy country club also buy expensive cars.

I take it reading comprehension isn't your strong suit. You clearly have no idea what PP was responding to. You people.

[Anonymous]

Anonymous wrote:I think the correct notion is that not every wealthy person likes to show it off to and announce it to the general public. Rich people also just buy what they want to. Maybe they don’t care about cars but spend bucket loads of money on travel, clothes, and rich people hobbies.

Agreed, there is no blanket truth to anything in this thread. People are complex. People make different choices in terms of how they decide to spend their money.

[Anonymous]

A new car is a bad investment. An overpriced car is silly. Wealthy know this.

[Anonymous]

A relative of mine ran car dealerships (including Subaru) and apparently lots of wealthy people buy Subarus in cash around here.

[Anonymous]

Anonymous wrote:A new car is a bad investment. An overpriced car is silly. Wealthy know this.

But you can drive a used, reasonably priced luxury car and enjoy it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Drive to the rough areas around here. Go to a cheap apartment complex and note the cars you see. Even better if you find a complex that takes section 8 housing vouchers. FYI You will not see old beat up cars.

This is not true at all. There are exceptions of course but luxury vehicles are quite rare in low income communities.

🤣😂😂Oh honey, drive to the closest county housing complex by your house.

[Anonymous]

Anonymous wrote:

Anonymous wrote:It depends on the type of rich. The old money country club types - the ones that live on certain streets in certain zip codes in old homes and have used the same private schools for generations - those types do not drive new luxury brand SUVs. They drive used ones, older ones, Jeeps, Fords, Volvo wagons, etc. Driving a new black Range Rover or BMW is gauche to them.

This is nonsense. We’re social members at a stuffy country club. Nobody drives crummy old cars, not even members’ teen kids. The only crummy old cars are in the employee lot.

Are you 95? Who joins country clubs anymore!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I agree. I think DMV is very different than anywhere else in the country. There is a very real “millionaire next door” attitude, dating back to waspy ambitions.

Nearly everywhere else in the country, affluent Americans are driving nice cars.

+1 DC money is not showy and is more likely to be expressed in private school tuition and fancy vacations. This is not Miami or LA where people like to show off their expensive sports cars.

lol. Land Rover Bethesda is the top selling Land Rover dealer on the east coast.

That may be, but nowhere else in the country do you have so many affluent people who live below their means. That Land Rover dealer could be doing even better business if Washingtonians cared about cars.

But people who care about cars don't buy Land Rovers.

Tata, the Indian company that owns Land Rover, knows exactly who they are selling to.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Did you even read the millionaire next door? Most drive honda's. The poorest people I know drive "nicer" cars, the multimillionaires myself included drive honda's, toyota's, nissan's. Poorer people tend to fake the funk and think that they're fooling people.

Oy vey. Nothing screams midwit prole Dave Ramsay listener like citing a conman’s book.

Dave Ramsey didn’t write that book

I'm aware, a failed academic wrote that book. Dave Ramsey pushes his own and these other scam books on listeners. Millionaire Next Door, Rich Dad Poor Dad, etc. All nonsense pushed on rubes and hicks.

[Anonymous]

The 25-year-old Volvo may be a beautifully maintained classic in today’s world. But basic new luxury cars have zero cachet.

https://webreprints.djreprints.com/5147811274443.html

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Did you even read the millionaire next door? Most drive honda's. The poorest people I know drive "nicer" cars, the multimillionaires myself included drive honda's, toyota's, nissan's. Poorer people tend to fake the funk and think that they're fooling people.

Oy vey. Nothing screams midwit prole Dave Ramsay listener like citing a conman’s book.

Dave Ramsey didn’t write that book

I'm aware, a failed academic wrote that book. Dave Ramsey pushes his own and these other scam books on listeners. Millionaire Next Door, Rich Dad Poor Dad, etc. All nonsense pushed on rubes and hicks.

You're an idiot.