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Reply to "Do you know any wealthy people who actually drive low-key cheap cars?"
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[quote=Anonymous][quote=Anonymous]All the normal rich people we know casually trade in for the latest and greatest luxury SUV or Tesla every 12 to 24 months. The depreciation hit is MEANINGLESS to them (and their accountants). This myth of rich driving Honda CR-Vs or a beat up Subaru is a coping technique by broke middle class strivers who can't afford nice new wheels. Once you daily drive a cozy new luxury car you're not going back to driving crap. It's soul crushing.[/quote] If by “normal rich” you mean “$200k-$400k HHI UMC keeping up with the joneses” then I have no doubt they are all trading in luxury cars every 24 months.[/quote]
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