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

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[quote=Anonymous][quote=Anonymous][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]

No, real money. As in, public information when they sell a stake of their company for $50M to 200M and the wife is always driving the newest Porsche or Range Rover or Tesla suvs and hubby is always driving the new big Mercedes or BMW or Range Rover. The depreciation is nothing to people this rich. They love new cars, they trade up often. This reality pains the strivers daily driving a plastic piece of crap.[/quote]

There are *maybe* 1000 families in this region who fit that “$500-$200m NW after IPO” demographic but I’m sure you know most of them and they all have the same car preferences. I’m sure your sentiment has nothing to do with you financing or leasing an expensive car and needing to convince yourself it makes you look like you’re part of this club. [/quote]

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