When you see people driving expensive, flashy cars, do you assume they have lots of money? It turns out many of them may be poseurs who are just trying to look wealthy. Jonathan Welsh has details on The News Hub.

Category: Weekend

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4 Responses to “Wealthy Drivers Buy Mainstream Cars”

  1. dsawy says:

    When I see someone driving a flashy Benz or BWM, I usually assume that they’re in hock up to their ears. I learned to assume this from reading Tom Stanley’s books.

    Around where I live, most wealthy people are driving pickup trucks. Ford is the predominate choice.

  2. BennyProfane says:

    Well, I live in Upper Westchester and bicycle there and in Greenwich a lot, so, around here, yeah, I assume they have a fair amount of money. Enough money that even a hundred grand for a car isn’t that much for them.

    I do pass a lot of driveways to very nice homes with very unflashy cars parked in them, though. There’s a lot of wealthy people driving a Prius.

  3. Clif Brown says:

    Cars are a study in (mostly male) psychology.

    80%+ of the population of the U.S. is urban. Urban speeds are around 22 mph moving average, which I’ve verified with GPS. This is the absolute speed limit determined by traffic and stoplights. Ferrari and Ford Focus both move at this speed.

    Bicycles and Smart cars would logically be the mode of transport.

    Instead we have fantasy on 4 wheels with hundreds of horsepower, the ability (never used) to go 100 mph, wide tires, 4WD on vehicles that never leave the pavement or encounter snow etc., etc. There’s a huge mirror involved in driving beyond the rear-view mirrors on the car itself and that is the mirror within the mind of the driver in which the he sees himself.

    And the world gets hotter.

  4. dougie says:

    I own an independent repair shop that focuses on Mercedes, BMW, and Audi repair in a large city in NC. I also own a domestic car care center.

    Other than perhaps 10% of the clientele who can afford to drive anything they like, many Eurocar owners are poseurs who struggle over the maintenance and repair bills, just the same as many Ford and Chevy drivers.

    I tell first time clients of, say, a 5 year old German car that they can expect to spend about $2500 a year maintenance and repairs, plus tire costs. The eyes get really big, they swallow hard, and I am fairly confident I am not dealing with 1 percenters.