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

[Anonymous]

Anonymous wrote:

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


They got rich because their parents were rich. Duh.

Not all.

[Anonymous]

Anonymous wrote:

Anonymous wrote:The oldest car I have driven in a very long time was a loaner on Nantucket. It was an old metal Ford suv that was falling apart. Every light on the dashboard was on. The owner is the father of my friend. They are loaded. This is what he uses every day year round. I borrowed it to run to the store as it was the last one in the driveway. I thought it was going to die the whole time.

+1. My DH is from New England and lots of very wealthy people drive older, non luxury cars.

Martha's Vinyard, Block Island. Look at the airport parking lot. All those old cars probably belong to rich people and probably have the keys in them somewhere.

[Anonymous]

R&D guy for a major drug company. NW is over 10m.

Toyota sedan. Easily 15 years old.

[Anonymous]

Oh, OP, you don't know the difference between A) insecure rich people (concerned about upholding an image of financial success), B) people who just love fancy cars (rich or poor), and C) rich people who don't give a F about what kind of car they drive. It seems like you only know people in group A and maybe group B. There are a lot of people in group C in DC (they tend to live in DC proper) and, IME, parts of NYC and Boston.

[Anonymous]

Anonymous wrote:

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

They got rich because their parents were rich. Duh.

And they also inherited their family’s attitude about what is acceptable vs stupid and showy.

[Anonymous]

My kid goes to an elite Annapolis private. Sooo many rich old-money types. You’d truly never know it from the parking lot.

[Anonymous]

My parents’ cars are 10+ years old - Subaru Outback, truck (can’t remember what make it is). They’ve always kept cars forever, but do buy the “loaded” versions when they buy new.

[Anonymous]

Define rich and define cheap car. The people that I think of as rich in this area, all drive nice cars. Nothing I would consider "cheap". Audi, BMW, Mercedes, Volvo, Acura, pimped out yukons and GMCs for the catholic school crowd etc. Nothing flashy rich though. Many of them also have some sort of car with AWD and they've bought their nannies an odyssey minivan.

[Anonymous]

Yes. My relatives started a publicly traded company in Silicon Valley. They drive Subaru’s and priuses. It’s a thing in those circles.

[Anonymous]

I don’t know my parents net worth but I do know their two homes are worth over $6 million with no mortgages and they have a charitable fund worth about $3 million so I assume they have a lot more than that in total. My mom drives a Subaru SUV and my dad a ten year old Infiniti but he is considering buying a used Porsche SUV this week. My dad doesn’t like buying assets that quickly depreciate.

[Anonymous]

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

These were FREE cars...everyone likes free stuff.

[Anonymous]

Yes, Me.

[Anonymous]

My parents at multi-millionaires (owns a healthcare company and have non-firm investments of 10M+). They drive a prius and a chevy bolt. Admittedly they bought fully loaded and new, but these aren't considered rich person cars. They tend to drive the cars into the ground.

[Anonymous]

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

These were FREE cars...everyone likes free stuff.

+1. This is like people at work who don't eat lunch but every time there is a free lunch, they become the biggest pigs.

[Anonymous]

Rich people tend to have more than 2 cars. The beach weather very hard in cars so they leave it there. Also they don’t want to advertise their wealth to every person at the grocery store. It’s also often a loaner to guests.