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Money and Finances
Reply to "Net worth and type of car"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]These threads area always such a good reminder that DCUM is not close to real life and the responses are self-selecting. Everyone wants to come in and gloat about their high NW and their basic cars. But we all know that's not the normal reality out there in the big world. [/quote] Basic cars ARE the norm for the high net worth crowd though. Most of the people with higher end vehicles that I know are leveraged to the hilt.[/quote] I work with many many people who make from $500k to over 7 figures. They do not drive 5 year old Toyotas. most drive BMW, Mercedes, Audi, Tesla. A few have more unique taste specific vehicles (F250, Alfa Romeo)[/quote] This thread is so old I may have said this before, but this is true, every high income professional that I know drives a great car. Every rich business owner I know drives a nice car. Several business owners who have kids basically have fleets of great cars, vintage Jag, Audi A6, 7 series, G wagons. There apparently is a secret undercurrent of wealthy people driving ugly cars with poor handling front wheel drive and without the latest safety features. Why would anyone want to live that way.[/quote] Someone making 500k and driving an expensive car am still beep to eyeballs in debt.[/quote]
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