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Cars and Transportation
Reply to "Nobody is judging my car, right? "
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[quote=Anonymous][quote=Anonymous]Omg another wealthy person bragging about their “frugal” habits. Sigh.. [/quote] This thread is obviously full of liars trying to perpetuate old money urban legends as a cope for not being able to afford nicer household cars. My husband is in private wealth management. Nobody making $300k, 400k, 500k hhi is driving an old s***box. Nobody. All of the execs and business owners in this income bracket get car allowances (upwards of $1,000/month) and/or it's basically free to upgrade a new truck every year due to tax laws. And of course they care about their perception. That's not to say they have to drive a tacky flashy new car, but they're not going to be caught dead in some decade old Nissan, Honda or Subaru. Further, with newest safety features and efficiency gains, old cars are obsolete and unsafe. And the last thing rich want to do is carry AAA and deal with tow trucks, rental cars, and maintenance.[/quote]
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