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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]The generalizations on this thread are hilarious.

New money. 
2 Toyotas — one is 18 years old, the other 25 - both run like new, little to no maintenance. Not dinged up 
Love these cars and all new cars are less comfortable comparatively.

Don’t feel any need to impress anyone. And if a flashy car is what impresses you, you’re not my type anyway.  Btw, there are many others like me. Iykyk. [/quote]

I also have a 20 year old Toyota and I can't bring myself to replace it. I haven't found a new car that I like as much. I hate how electrified all of the new mechanisms are (doors, dash buttons etc). I hate the subscription model on features. If someone can make me a simple, well-running car, I'll do it.

Im not a car payment person and have plenty of money in the market to pull out for a car (though that was another good point someone brought up -- maybe those of us who pay cash for cars are more inclined to be economical. Because it's in the market I also need to think about the lost growth opportunity cost -- if I buy a car for $50,000 but that $50,000 would turn into $100,000 in a few years, what have a lost? Definitely makes me want to spend $30,000 instead).

[/quote]
Your post makes zero sense. Are you really that dense?   Of course everyone know cars are an expense and depreciating “asset”.   They also know the opportunity cost, investment opportunities vs buying the car.  [/quote]

Seriously?  The majority of people in this country have now idea how any of this works.  They probably don’t even know the term depreciating asset.  They see something, they want it, they buy it.  The financial illiteracy in this country is staggering.[/quote]

Tired old cope. Everyone in a nice new car is stupid and secretly going broke. While you, in your out of warranty old car, are a financial genius who knows…cars lose value…and a new car payment can be put into an index fund. :roll:

See also everyone who lives in an apartment, condo, townhome, or crummy old SFHs acting like they have so much taste and intelligence, while everyone in a new $2.7 million so-called McMansion is a classless moron. :roll:[/quote]

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