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][quote=Anonymous][quote=Anonymous]6.3 million net worth and 750k HHi early 40s.  We buy cars in the 55-75k range.  Trade in current cars every 4-5 years or so and add 10k down each time.  Finance the rest so we have a small payment.  Literally don’t notice this in our budget.

Why not drive a mid higher end / fun to drive car when it barely makes a dent?[/quote]

Because some people are cheap or just think it’s brag worthy to drive a 20 year old beater. My parents were like this. We had to ride around in unsafe, embarrassing cars. But hey, at least I’ll inherit a lot of money?? I can afford nice cars, and I buy them. Doesn’t affect our budget one way or another. [/quote]

I don't think these people are even cheap. I think they are cosplaying wasps.[/quote]

Unless they're 70+ year old baby boomers, which is unlikely, it is just lying poseurs who do not have millions to their names. This thread mirrors all of the threads on vacation homes, so very likely the same chronically online Gen X middle class commentators.

:arrow: We do not live in a premier neighborhood
 :arrow: We prefer our small and dated sh**shack
 :arrow: We do not have a vacation home
 :arrow: We drive used economy cars
...because we are stacking millions and millions of dollars! :roll: [/quote].

We do it to avoid living around a-holes. It’s not hard to understand.

[/quote]

I will never want random people to think I might be rich. That won't change. I live in a nice house but not the biggest in the neighborhood. I drive a nice new car but not luxury. I have a nice lowkey purse and watch without obvious markings of wealth. It doesn't really have anything to do with being snobby about it. I have no issues if others disagree and spend more on larger material items. [/quote]

Same.  Everyone has different priorities. I am saving up for my kids to go to whatever college they want to, to donate a substantial sum to charity and to take some spectacular vacations.  Cars aren't even in the top 50 of things I value.

Meanwhile, there are people on my street who have 2 luxury cars, but say that due to the cost of private college tuition, they are sending their kids to state schools.[/quote]

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