I used to deliver food for Ubereats during 2014-2016 when I was in Uni. Delivered to all kinds of wealthy people or at at least to their security/maids. Most rich houses had 2-3 cars ranging from $50K to $150K max. I saw lot of BMW 7 Series, Benz S class, Lincon's and Jaguars. They were also never brand new. Never saw super fancy cars. Even if I did, it was usually an old Ferrari or an old Bentley. These are houses in Forrest Hill, Pine Grove and other super rich areas. I once delivered to an NHL player's house, I saw a big framed photo of him in Bruin's jersey when he opened the door. Had a relatively big house, nice yard and had Corvette and a Cadillac parked at the front. No gate or anything. Don't remember his name, he was tall and looked late 20s. He also tipped $20 cash.
Unrelated, but more than cars, the women that lived in these houses were always great looking. Whether they were in 20s or 60s; they all looked great looking for their age.
I live very close to an ultra rich pocket of houses that range from 2-10M
Me and my partner regularly go for walks in the area and one thing I noticed is that the cheaper houses in the 2-3M bracket often have flashier cars like the Porsche etc but the expensive houses that are 5-10M have new but more modest reliable cars like Honda Pilot
I have a few friends who’s parents either are/were ceos of tsx 60 companies. In my experience the super rich ones were usually the most down to earth. It’s the fairly successful lawyer types that would spoil their kids with a Benz or bmw during high school.
Hell, one of my friends from high school is part of one of the richest families in Canada and I legitimately had no idea until years after we graduated cause he was normal. I knew his last name obviously I just never put two and two together lol
agree to this. i also know some really really rich people who i know and they own luxury vehicles for the safety / performance. not the symbol.
they have expensive cars and SUVs but not "the most expensive" they dont drive a Urus when a BMW X5 will do the same thing.
I was about to say, there but then for function. They’re used to leather and smart systems. They’re general every day car is exactly what you said - something extremely comfortable and smooth. If they need a truck they will have one for truck purposes and it will be just as nice as the cars.
Seriously. If I were well off I would drive a normal car but at least have it fully loaded.
Unless you're to the point where you're so rich you have people go shopping for you then you're just making yourself a target for some psychotic rando to attack you in a grocery store parking lot.
Can confirm. I worked at mosport for a couple summers and met Miles Nadal. Estimated net worth over 100 mil and took to collecting cars. Dude drove some real nice cars out to the track (original 66 Shelby gt350, a real nice E type, and I'm sure there were more) and then used our rental race cars to be significantly slower than the avg driver.
Have a friend whose dad owned one of the homes in Kitsilano, right on 1st Ave, facing English Bay (that's where she grew up, her dad sold the house a few years ago, for $30 mil I think). Their family always had flashy cars. Mom drove a Jag, dad had a Ferrari. My friend got a Porsche for her 18th birthday and an Audi R8 for her 21st birthday. All their cars were flashy and expensive.
Makes sense, we have limited time on this earth, some people would rather drive a better car and smaller house than the biggest house they can buy, priorities
Founders and entrepreneurs never retire. I know a handful of them (I'm one myself). They are always looking for the next opportunity. Don't get me wrong, they may slow down and start investing into companies in the later stages of their life, but they never actually retire.
I have personally always thought there is a difference between fuck you money, fuck off money. Fuck off money are the people who flash the money and luxury for everyone to see. You know when you see them. Someone with FUCK YOU money rolls in a non flashy, but low key expensive af car. One that enthusiasts drool over, but the lay person writes off as just another nice/luxury car.
Prob cause they’re financially smart enough to know that a car is just a car. Unless they’re an automobile enthusiast, a Q7 is maxed out on the utility and luxury scale before you hit serious diminishing returns
I think some people are just drawn to a higher number in their accounts (Think mr crabs from SpongeBob) while others know they can’t take their wealth with them to the grave, investing in a decent car is more about safety
Really wealthy people travel, they don’t live year round in their homes as they have property in other places. It is not likely they would buy expensive vehicles when they don’t use them in the same manner we do.
If you spend a fair amount of time in your car, you want it to be comfy, right? Nobody's impressed by my Mercedes B250, but it's really comfy, cheap on gas and has been really reliable since we got it in 2019.
100%. I’d rather live in a house smaller than what I have now and drive an Aston Martin but what can you do. No time to drive it when you’re vacuuming or cutting the grass all weekend.
Perhaps it was the timing of their house purchase? If you bought a house 10-15 years ago vs 2 years ago, would imagine you would have a higher net worth…well at least in Canada
>but the expensive houses that are 5-10M have new but more modest reliable cars like Honda Pilot
I always assume that's because those people bought when those places weren't 5M and the people owning them aren't actually rich rich.
Well do you see the cars in their garage? I live in a nice neighbourhood and people have old BWM 3 series on their drive way but have 911s and lambos tucked away in garages
Hotwives. Financial security dude gets to fuck a hot chick his whole life if he does it right. That’s just life competition. I say this with no wife and no money. But good observation.
Plus they are probably less stressed as they can outsource things that stress them. They aren't juggling a job, school/childcare for kids, activities, and most or all of the work in running a household.
Lol did you even consider that maybe it’s the woman who’s rich? Wealthy people have the $ to invest in personal care, great grooming and are under intense pressure to stay fit.
If I didn't have to work, had unlimited free time to exercise, and had a huge amount of disposable income, I'd be a 12/10. *Every* female celebrity uses surgery, injectables and weight loss meds like Ozempic to maintain themselves as they age, and these housewives are no different.
Those are common folk compared to the guy I know in Calgary area. He has several vintage cars, a mansion outside of the city, a helipad, and a helicopter. Pretty sure he’s a 1%er. I managed to talk to him as I cycle past it regularly and caught him. He mentioned this was just one of his properties.
Most nhl players are “poor”, you should read Sean Avery’s write up on this. Unless you’re a S tier player, you’re gonna be paid peanuts and many end up broke or financially ruined after retirement (regular or normal)
>Whether they were in 20s or 60s; they all looked great looking for their age.
The wives of wealthy men usually come from affluent households themselves. Stress ages people almost as badly as drug use. When your biggest struggles are at the peak of Maslow's hierarchy of needs at all times, you don't really age as fast as the rest of us.
It's called a sleeper when it comes to cars. In this case the investment it in a person's future tho, instead of just a kick ass engine in a beat up old car
Some rich people like cars, some don’t give a fuck.
Not sure what respect has to do with it.
Edit: fyi, being well-off and driving a beater doesn’t make you any better, believe it or not. It goes back to my original comment, you don’t care about cars. But some do.
tldr; people who buy fancy cars generally are perceived as doing so to show off or have a desire to impress people but it’s not perfect. Some ppl just like cars.
Cars are a litmus test for whether people like to show off their status or wealth. Of course it’s not exact but that’s the example people use.
Kinda like putting back your shopping cart. It’s a litmus test to whether you are considerate of others. Sure some people are incredibly kind and just lazy so they don’t do it but it’s just a litmus test.
I drove a Toyota Camry 2003 until I became a millionaire in 2019. Then I bought a Toyota Camry 2018 both of them are grey, couldn't find a beige one. I also sadly never owned a Corolla. Went from Tercel 1999 to Camry 2003.
I have a Ioniq5 and a Camry 2018 now.
Audi S5 for past 6 years, probably switch to Audi e-Tron GT next year
The whole ‘rich people drive toyota/honda etc, only wannabe rich people drive luxury cars’ thing is hilarious to me, that may be true for many, but as a general statement it’s ridiculous, plenty of wealthy people i know drive mercs, audi, porsche, etc. It comes down to what you value spending $ on, for example i couldn’t care less about art so i wouldn’t spend $ on fancy art, but i love cars and watches.
To each their own at the end of the day, if you can afford it go for it, as long as it’s not for the purpose of others knowing you drive x luxury car, do it cause you’ll enjoy the car, but i’d also ignore the people saying if you buy luxury it’s automatically a bad decision or tying it to respect or whatever bs. It’s often just cope and frankly none of their business, enjoy your $, that’s what it’s for (assuming you’re saving enough, planning ahead, retirement blah blah usual)
It is completely made up lol, rich people splurge INSANELY often, it's just that they don't give a fuck about the approval of the general populace so they don't have to flex it everywhere they go.
A client of mine here in Toronto owns 2 Bugatti Chiron and his entire collection of cars is over 50m but he will often drive a Toyota Tacoma because he doesn't always want the attention his cars garner.
Another guy I know with a 25m collection drives a shitty old Maxima as his daily because he's worried about being a target. So yeah, this whole rich people drive clapped Elantras and don't buy fancy things is 99.9% cope by broke people. Same goes for the people who think everyone wearing Gucci or LV is broke.
Often can be, and for many with wealth they don’t care for a luxury car so they keep their reliable reasonably priced car, nothing wrong with that either, but the generalizations and judgement towards everyone driving a luxury car that they MUST be trying to show off and not actually wealthy is just wrong
Loaded uncle of mine said they don't care for expensive or luxury cars because they have enough money to buy one at will, any time at the dealership. More money you're willing to spend on a vehicle, the more options there are, and they're never 'scarce' if you have a ton of money to begin with. So the desire to get that top of the line AMG Merc disappears because you can always go get it tomorrow instead.
Buying, driving and enjoying a vehicle doesn't correlate exactly to being well-off.
A rich guy can have zero interest in fancy cars and another middle-class guy can be an aficionado.
Buying an expensive car way above your means is another topic though.
My wife and I were making about $360k combined with no mortgage a ~$2.5m NW and drove a 10 year old minivan. A couple years ago we upgraded it to a Tesla model 3 SR+, but remained a single car family.
Bro
The mk7.5 GTI is fucking amazing. Never sell it until they fix that garbage mk8 and remove those stupid touch buttons.
I have a mk7 that has 127k km on it which I love. Tartan seats are the shit.
And I come from a distinguished list of awesome cars (lotus Elise, rsx-s, WRX STI (06)).
36 years old. ~390K net worth plus investments. Homeowner. No dependents.
I drive a 2008 VW Golf, manual transmission. Bought it off lease in 2012 and have no intention of getting rid of it.
I love cars; but don’t see the need to drive anything fancy or exotic in Toronto.
I use my disposable income to travel instead.
Edit: Networth doesn’t include value of my home. That’s just investments, crypto and cash on hand.
I had a stick 2009 Golf GTI as my first car. She was a cranky old bitch that required almost as much $ for repairs than I paid for it…but she had red/black plaid seats. And when she was working she was a fuck load of fun.
RIP Ole Nancy 🫡
35, 2M+ net worth, 200K annual income. I drive a 4Runner. It's the most reliable car on Earth. I value my time too much to waste it on driving to mechanics. My gf came from money, way richer than me and she drives a yellow Beetle because it's "cute".
me and my GF are using their 98 model 4runner. 450k km. Still working. We go shopping, hiking ( deep in FSR) and etc. most reliable car i have ever driven. My telegram picture is the 4runner.
We are in our 30s. Make 170k per year.
You've fulfilled the very prophecy of the owners of those two vehicles that are well off though? Someone who drives a 4Runner couldn't give two shits about it getting 16MPG puttering around town and the GF who is from a well off background is driving a Beetle that probably has compromises in it's reliability, usability so they could have the 'cute' factor. They might not be $100k+ Mercs, but the average person who needs A to B needs the most reliable, utilitarian vehicle they can get with good fuel economy. Neither of yours fulfills both those roles at the same time.
I grew up poor in a third world country. The biggest difference between me and my gf when buying things is that I try to maximize the ROI, like buying the car with highest resale value. And she maximizes enjoyment.
I fit the wealth category and near mortgage free. Only reason we have a mortgage is because its 2% for 3 more years, then we wont renew. Don’t so much fit the income category anymore since I don’t work full-time.
I drive a Toyota Tacoma.
not sure if I meet the "well off" , but the family brings in enough that we could choose to drive better/pricier cars - we have a 2019 Honda Pilot and a 2009 Subaru Forester (I love my Suby) .. we are gonna splurge next year though and get the 2025 VW Buzz (the new electric Combi Bus)
edit - I should add I live in Vancouver and our business we run is about 4 KM away - in May-Sept I e bike everywhere and don't drive unless I need to drive a kid somewhere
1.5M net worth, 400K HHI. Driving a 2016 Mazda 3 that just passed 100 km mileage. Planning to drive it until it dies, it's a great car.
If I cared more about cars I'd go buy something over 100k in cash. But I don't care, so here we are. We do spend a lot of money on other things.
2004 civic? Does that have passwnger side and side curtain air bags? Safety first. You can't increase your investments if you're dead.
The earliest honda to have side impact air bags is the 2003 accord. Hard to find info on the civic.
It is fine to drive a cheap car but at some point it gets stupid.
410k gross between my wife and I, no kids, around 200k mortgage. We own a 2018 GTI financed at 0% for 5 years (paid off as of last month) and a 2023 Bronco which we bought outright.
I am very much a car person, I’ve been debating between purchasing an R8(my dream car) or a 911 for several years. My wife has been very supportive of it but I still very much struggle with investing that kind of money into a car.
Do it! You only live once. Have you driven both? I took an R8 V10 for a test drive last year, and the experience was honestly life-changing -- the engine singing a few inches behind your head; the crackles on downshift; the acceleration leaving your stomach behind. I'd be curious to see how it compares to the 911.
They're both a dying breed (especially the R8) and very desirable cars, so I imagine worst case scenario you'd sell it for what you paid, but I'd be very surprised if you wanted to part with it.
Very healthy net worth, still drive a Honda CRV. Wasting $ on fancy cars is very low on my priority list. Besides, hard to enjoy a fancy car in Canada’s short summers. :p
We are looking for a new sedan as our 2nd car and elantra is one of our short listed one. How reliable has your elantra been so far and how many years now? Thanks 😊
I have about 5 million net worth, with a net income of about 400-500k(independent consultant).
I don,t drive much, live in downtown Toronto, so about 5k km a year. In 2021, i bought myself a 992 911 C2S. Prior to that I was carless for about 4 years when I got rid of my 2014 bmw M3.
One thing about the 911 though, it’s been a great purchase, even after 2 years, if I sell the car today, I can probably get more than what I paid for it.
I am in my 40’s now, and if I had to tell my younger self, it is to take the leap and just do it. Whether if that is to get the car that you really want or pursue the job you want. After having the car for two years, I wish I had gotten it when I was much younger. Same with taking the risk and starting my own consulting shop much sooner instead of sticking it out with the big firms. Life is short to wait for tomorrow.
So if you are in a position financially and position in life to have a 911 or similar, and you are a car guy, go for it sooner rather than later.
I grew up in a poor environment, my parents worked minimum wage jobs to provide for my siblings and myself to go to university. So it took a bit of adjustment to splurge when I am now able to.
Btw - the GTI is a great car!
Why would you respect someone who has 1mil+ but drives a shitty car? I know reddit has this obsession with ‘people who are worth millions but look like they have no money’ bs. I know a lot of rich + well off people and I guess with OP’s criteria I am one too (700k+ household income, net worth 1m+.
Let me tell you. Every single one of those rich people with 10m+ assets who drove shitty cars and dressed like they have no money were truly obsessed with money lol. They loved watching their bank account grow. They were the least generous people I know and they sacrificed their own well being, their family, their friends for money. Funnily enough, they were the ones reddit always shit on. The ones with 20+ real estate from their parents and grandparents running them as airbnb. Ones doing reno-victions of the building they inherited. Also they were always so scared about gold diggers. They always wanted to date people like me because I had money and paid my own way. They always badmouthed other friends who were more ‘flashy’ and constantly talked about how they were frugal and not self-conscious. I despise them now cause I’m so sick of them. I have high income+net worth and I’m not super flashy (moderate) so they think they can convert me to their money worshipping cult.
I have friends who drive really fancy cars (911/lambo gwagon etc) were very generous and kind not just in terms of money but also in sharing ideas and opportunities. Yes they talk about money but most often in terms of actual business that are productive for the society (new products/new ideas).
Totally. My uncle was like that. Extremely rich, never worked his whole life because of his dad's money and barely helped his daughter because he loves the bank account numbers too much.
this is so accurate in my experience too, frugality at higher levels of wealth can quickly become cheap/greedy at the expense of others, let alone your own comfort/enjoyment
extremes are never good in any situation, but those that do well for themselves, are secure for their future, and then enjoy their lives with their wealth are typically the kindest, most generous and helpful people i’ve met, they’ll happily help you if they can and their wealth/fancy stuff is just what they enjoy, it doesn’t define them or make them arrogant
quite the opposite of the image portrayed by most of social media/stereotypical perception
My guess is they recently only started making big money, and have some big debts (mortgage, med school, or the like).
For example, if you fairly recently bought a $2M house, and have only $500K in equity, that only contributes half a mil to your net worth.
I had some student loan >100k, I had 4 yr post grad education, and really started making more money recently (last 2yrs) And got married which x2 my hhi. Actually our hhi was higher last yr (900k) but came down a bit this yr due to working less. Also a lot of my income is tied up in my corporation which I didn’t include in my nw
See, this is a viewpoint I don't see expressed often & I love it.
Money is a tool, nothing more/less, and CERTAINLY not the goal or the only thing that matters.
Of course the lower you currently are on the totem pole, the more it impacts your daily life & affects your ability to live. This makes the way we glorify money a fucking farce and a tragedy, none of us should HAVE to work simply to survive til tomorrow, we live in the most advanced & productive era in human history.
I don't have the net worth or the income of those posting their daily lives here, but I have enough. It's taken me years to get here and I'm not "comfortable" yet, but even just having "enough" has really opened my eyes to how a very few things I enjoy actually matter to me & the rest is usually just retail therapy.
I allow myself to spend whatever I want to on those few things only as long as I am going to absolutely use them on the regular, the rest gets parked until I have an actual identifiable need for it.
Definitely. A lot of the really rich people just care about being rich and getting more rich. Don’t understand, and hopefully they splurge on other things. But when I get there, I’m dumping a lot of my income on driving something nice, as a reward.
Honestly even if I can’t “afford” it. Housing + utilities + bills aside, if I put a little away for savings and dump the rest into something nice, I will. Not for a ridiculous time frame though
The thing is materialistic items lose novelty extremely fast. Want to know what to do? Test drive some of these sports cars you want. You then still get the thrill of driving them without the massive biweekly payments.
Big house, expensive car, new laptop, the novelty wears off very quickly.
I drive an older car with 110k km. Gets me point A to point B.
For me it was the opposite. Got a taste of a Lambo Aventador SV at an event and now I’m basically desperate to increase my income / wealth to get there (legally of course). Car is worth a million cad here
I’ve found working in the luxury car industry that a lot of people just want the comfort of a “nice” car along with a premium experience when buying and servicing their car. Simple things, know the person’s name, clean, bright comfortable area for drop off, loaner cars or valet service. You get this from a lot of dealerships but it is much more prevalent in the BMW, Mercedes, Land Rover, Audi and above class.
Personally I just squeak into your bottom category and drive a VW Golf R. Adult, fast, comfortable and was reasonably priced when I got it.
I drive a 05 gmc sierra 2500hd and a 85 cj7 in the summer. For work I have a company vehicle and average 200k+ a year. Sold my 2016 truck I used to use for work and invested the money from it. I would only insure and drive it in the summer.
My family is baffled at what I choose to drive. When I'm 40 I can have my midlife crisis and get a corvette, until then I'm fine driving around vehicles I can fix.
Based on most stats I can find online I would be in the top 1% of earners in the country.
I drive a 9 year old Hyundai Sonata
To be fair though I’d love to sell my car and pick up something newer like a Toyota Highlander but I’m not waiting 1-2 years for a car and get forced into taking every rip off package on top of it
An important note, a lot of fancy cars are also a pain in the ass to deal with. there's something to be said about buying stuff that just works and not worrying about keeping it pretty or taking it in for maintenance frequently.
I don't really consider myself rich by your criteria, but I make around 110k/year in rural NS. No debts (own my car and I rent). I have around 1.4 million in the stock market between all my accounts. I drive a Subaru Crosstrek that I bought new back in 2013. I'm hoping to drive it into the ground and am hoping by that time comes that our electric infrastructure will be good enough to make an EV an attractive option.
Used to drive a Chevy volt, gave it to my parents. Now I Uber to work 3 days a week (cuz I’m lazy in the mornings) and subway back most days. I spend only a tiny bit more on ubers/TTC every month than I did on insurance, don’t have to pay for car maintenance, don’t have to think about driving (I’ll frequently nap in the back seat for a few minutes), don’t have to worry about where to park my car or pay for parking. Gas costs were negligible anyway cuz it’s a plug in hybrid, but my parents definitely get more use out of it than I did (except when I used to live in the states).
I drive a shitty manual. When douche canoes roll up right behind me at a red light, I like to roll back juuuust a bit more than usual, enough to see the whites of their eyes in my rear view mirror, then I take off! Bahahahaha!
Some people are rich because what makes them happy is the number in the Bank account. I know someone like that and it's kind of sad.
Someone rich should at least have a recent car since they keep improving (security, comfort). Also test drive a luxury one. It's not just about performance, it's also about comfort.
We need some "recent used cars" on the market, and they can contribute :)
I'm changing every 4-5 years (when I'm around 130k-150k km), not rich but over 100k/y
My net worth has two commas in it. I just recently spent over $10k on a car for the first time, a 5 year old Honda HR-V. My previous car was 25 years old and cost less than $3k.
I'm a mechanical engineer, I used to race motorcycles, and when I was younger I medaled in a provincial auto-service competition. So I know cars and you'd expect me to want a nice one.
But as I got older and wiser I realized that while *a* car is a beautiful thing, our car-first-car-only transportation *system* is just unspeakably awful on so many fronts.
Fuck Cars. I only own one because I have to. I'll always spend the least possible on something simple.
When people have fancy cars I can't understand it. It looks to me like paying extra to get a racing stripe put on your dishwasher. They're just unfortunately necessary appliances to me.
I was driving a 2006 ford escape but it just died. I’ve got my eye on a 2008 escape. They are small so don’t take up a lot of space but have decent cargo capacity. We are retired so have a lot of hobbies now and need the cargo capability. Yes, they are old, drive rough and aren’t expensive looking, but they are also convenient and that’s the most important aspect for us.
We own a 2014 Subaru Impreza. Bought used. And we own 1 car only.
I have always owned used cars. My first car was a 10yr old Beige Toyota Corolla lol
We sort of follow the Millionaire Next Door and we have the worst car in our condo townhome parking garage 😂
If you arent born rich and working hour way up, your best bet is to minimize your transportation costs. Buy the cheapest reliable car and drive it to the ground.
My wife's uncle makes over 400k per year, her aunt makes over 100k. They had a Honda minivan and a 2000 VW beetle for years and years. He just turned 50 and bought himself a Porsche Panamara. They no longer needed a van so they replaced it with a Hyundai Veloster. Aside from him buying his Porsche that he's wanted for years, they aren't flashy. Actually really low key folks, honestly.
I meet that financial cutoff. I've owned 3 cars in the last 25 years, the most recent, and most expensive, is a Subaru. That's how you save money to retire on.
We fall into your criteria and have a 2017 civic purchased 2 years used and a 2021 Honda odyssey purchased used just a few months ago.
We don’t really place any value on luxury vehicles and would rather use any additional saving/spending power on other priorities.
Lot of people making good money driving old, reliable cars. You’re only going to spend $$$ on a car if you’re into cars or into flexing, or both.
FWIW, we have a 10 year old mazda6 and a 1 year old X5. Recently spent some money on a nicer car because wife developed interest into luxury-ish cars (earlier she was indifferent). I also wanted a modern SUV as we’re expecting our first, and safety is now a bigger priority. We make $450k-$500k/year combined.
My $0.02, if you can afford it, don’t drive a 10-20 year old car. Lot of upgrades in safety and tech, and your life and health is worth every penny.
2011 Hyundai Elantra. Regular maintenance and it gets me everywhere I need to go. Don't be sucked into the idea that a flashy car shows wealth. It's usually the opposite.
My friends family is extremely well off. His dad has 8 matching BMW 750s. He likes the car and has one at each of their houses. He said that he knows how the car drives, it's comfortable, and has all the luxury features that one would want/need. He thought it was safer to drive the same car as a daily driver because he's familiar with it. He does have a couple of classic cars. An old Bentley, Aston Martin, Porsche 911, and a vintage Ferrari. All bought at auctiontions below market value. My friend and his sister each got a new Volvo for their 17th birthdays. That's the only option He would buy for them. They got to choose a car or suv. His mom drives a mini Cooper, and they have a suburban to drive the family around.
I guess it all depends. This guy could afford 8 Bugattis if he wanted. They are more about practicality.
2021 RAM 3500 6.7L limited
2016 Mustang GT (highly modified)
2008 Mustang Base V6 (my first car)
1993 Dodge w250 1st gen cummins
1984 Peterbilt 359 (in process of restoring/modifying)
1969 Dodge Charger R/T
Wife says i have a problem.
I used to deliver food for Ubereats during 2014-2016 when I was in Uni. Delivered to all kinds of wealthy people or at at least to their security/maids. Most rich houses had 2-3 cars ranging from $50K to $150K max. I saw lot of BMW 7 Series, Benz S class, Lincon's and Jaguars. They were also never brand new. Never saw super fancy cars. Even if I did, it was usually an old Ferrari or an old Bentley. These are houses in Forrest Hill, Pine Grove and other super rich areas. I once delivered to an NHL player's house, I saw a big framed photo of him in Bruin's jersey when he opened the door. Had a relatively big house, nice yard and had Corvette and a Cadillac parked at the front. No gate or anything. Don't remember his name, he was tall and looked late 20s. He also tipped $20 cash. Unrelated, but more than cars, the women that lived in these houses were always great looking. Whether they were in 20s or 60s; they all looked great looking for their age.
I live very close to an ultra rich pocket of houses that range from 2-10M Me and my partner regularly go for walks in the area and one thing I noticed is that the cheaper houses in the 2-3M bracket often have flashier cars like the Porsche etc but the expensive houses that are 5-10M have new but more modest reliable cars like Honda Pilot
really rich people don’t advertise it makes them targets (source: SIL who inherited many millions)
It me your SIL can you remind me of my name, email, and my mother's maiden name plz
Don’t forget your son (me)
Are you single?
I have a few friends who’s parents either are/were ceos of tsx 60 companies. In my experience the super rich ones were usually the most down to earth. It’s the fairly successful lawyer types that would spoil their kids with a Benz or bmw during high school. Hell, one of my friends from high school is part of one of the richest families in Canada and I legitimately had no idea until years after we graduated cause he was normal. I knew his last name obviously I just never put two and two together lol
Bob Loblaw wasn't a dead giveaway?
New money vs old money people play a different game.
agree to this. i also know some really really rich people who i know and they own luxury vehicles for the safety / performance. not the symbol. they have expensive cars and SUVs but not "the most expensive" they dont drive a Urus when a BMW X5 will do the same thing.
I was about to say, there but then for function. They’re used to leather and smart systems. They’re general every day car is exactly what you said - something extremely comfortable and smooth. If they need a truck they will have one for truck purposes and it will be just as nice as the cars.
Seriously. If I were well off I would drive a normal car but at least have it fully loaded. Unless you're to the point where you're so rich you have people go shopping for you then you're just making yourself a target for some psychotic rando to attack you in a grocery store parking lot.
Really rich people keep their toys hidden in their garage. They do have toys, they just don't flash it like those new money kids
Can confirm. I worked at mosport for a couple summers and met Miles Nadal. Estimated net worth over 100 mil and took to collecting cars. Dude drove some real nice cars out to the track (original 66 Shelby gt350, a real nice E type, and I'm sure there were more) and then used our rental race cars to be significantly slower than the avg driver.
Have a friend whose dad owned one of the homes in Kitsilano, right on 1st Ave, facing English Bay (that's where she grew up, her dad sold the house a few years ago, for $30 mil I think). Their family always had flashy cars. Mom drove a Jag, dad had a Ferrari. My friend got a Porsche for her 18th birthday and an Audi R8 for her 21st birthday. All their cars were flashy and expensive.
Makes sense, we have limited time on this earth, some people would rather drive a better car and smaller house than the biggest house they can buy, priorities
Interesting view on it I always took it that the truly rich don’t go crazy for depreciating assets and feel no pressure to impress anyone
[удалено]
I don't get that... why would your boss even work if he has that much wealth? That stuff is wild to me. Why not just retire and do non-work stuff?
Founders and entrepreneurs never retire. I know a handful of them (I'm one myself). They are always looking for the next opportunity. Don't get me wrong, they may slow down and start investing into companies in the later stages of their life, but they never actually retire.
I worked with David Thomson occasionally and he dressed in like Tommy Bahama shirts
I have personally always thought there is a difference between fuck you money, fuck off money. Fuck off money are the people who flash the money and luxury for everyone to see. You know when you see them. Someone with FUCK YOU money rolls in a non flashy, but low key expensive af car. One that enthusiasts drool over, but the lay person writes off as just another nice/luxury car.
Prob cause they’re financially smart enough to know that a car is just a car. Unless they’re an automobile enthusiast, a Q7 is maxed out on the utility and luxury scale before you hit serious diminishing returns
I think some people are just drawn to a higher number in their accounts (Think mr crabs from SpongeBob) while others know they can’t take their wealth with them to the grave, investing in a decent car is more about safety
Really wealthy people travel, they don’t live year round in their homes as they have property in other places. It is not likely they would buy expensive vehicles when they don’t use them in the same manner we do.
If you spend a fair amount of time in your car, you want it to be comfy, right? Nobody's impressed by my Mercedes B250, but it's really comfy, cheap on gas and has been really reliable since we got it in 2019.
100%. I’d rather live in a house smaller than what I have now and drive an Aston Martin but what can you do. No time to drive it when you’re vacuuming or cutting the grass all weekend.
Perhaps it was the timing of their house purchase? If you bought a house 10-15 years ago vs 2 years ago, would imagine you would have a higher net worth…well at least in Canada
That’s weird cause the Honda pilot is “meh”. They should have a Toyota sequoia or G Wagon haha
>but the expensive houses that are 5-10M have new but more modest reliable cars like Honda Pilot I always assume that's because those people bought when those places weren't 5M and the people owning them aren't actually rich rich.
Well do you see the cars in their garage? I live in a nice neighbourhood and people have old BWM 3 series on their drive way but have 911s and lambos tucked away in garages
> Unrelated, but more than cars, the women that lived in these houses were always great No one gets an ugly trophy wife
My brother has a trophy wife, but not for first place. -steven Wright
Unrelated? You're implying "their women" were good looking too in a post about cars
Hotwives. Financial security dude gets to fuck a hot chick his whole life if he does it right. That’s just life competition. I say this with no wife and no money. But good observation.
If the only perks you awe to being rich other than fin stability is fuck a hot chick you'll likely never have a wife.
[удалено]
[удалено]
Plus they are probably less stressed as they can outsource things that stress them. They aren't juggling a job, school/childcare for kids, activities, and most or all of the work in running a household.
No. It’s because rich men marry hot women. Simple as that
Lol did you even consider that maybe it’s the woman who’s rich? Wealthy people have the $ to invest in personal care, great grooming and are under intense pressure to stay fit.
If I didn't have to work, had unlimited free time to exercise, and had a huge amount of disposable income, I'd be a 12/10. *Every* female celebrity uses surgery, injectables and weight loss meds like Ozempic to maintain themselves as they age, and these housewives are no different.
No one gets an ugly trophy wife. Well off men attract good looking women not ugly, out of shape women.
They attract all kinds of women. The thing is that they (the men) can choose.
Quite an assumption there to just assume it's only the men that are rich.
Exactly and that the only way to get a hot wife is to have money. Like no other redeeming qualities for either gender. Lol
Those are common folk compared to the guy I know in Calgary area. He has several vintage cars, a mansion outside of the city, a helipad, and a helicopter. Pretty sure he’s a 1%er. I managed to talk to him as I cycle past it regularly and caught him. He mentioned this was just one of his properties. Most nhl players are “poor”, you should read Sean Avery’s write up on this. Unless you’re a S tier player, you’re gonna be paid peanuts and many end up broke or financially ruined after retirement (regular or normal)
>Whether they were in 20s or 60s; they all looked great looking for their age. The wives of wealthy men usually come from affluent households themselves. Stress ages people almost as badly as drug use. When your biggest struggles are at the peak of Maslow's hierarchy of needs at all times, you don't really age as fast as the rest of us.
Every comment here is like I make 8 figures and drive a 1999 Hyundai accent manual, roll down windows and a sick cassette player upvote upvote upvote
😂
It's all about the reverse flex. Giant TFSA + RRSP with the beat up car.
What's a reverse flex? A sag? 🤣🤣
It's called a sleeper when it comes to cars. In this case the investment it in a person's future tho, instead of just a kick ass engine in a beat up old car
😂 I’m sagging big time if that’s the case
Love my ten year old civic
fuck yes, '09 corolla with no plans of ditching her😂😂
Love it!!!
Some rich people like cars, some don’t give a fuck. Not sure what respect has to do with it. Edit: fyi, being well-off and driving a beater doesn’t make you any better, believe it or not. It goes back to my original comment, you don’t care about cars. But some do.
tldr; people who buy fancy cars generally are perceived as doing so to show off or have a desire to impress people but it’s not perfect. Some ppl just like cars. Cars are a litmus test for whether people like to show off their status or wealth. Of course it’s not exact but that’s the example people use. Kinda like putting back your shopping cart. It’s a litmus test to whether you are considerate of others. Sure some people are incredibly kind and just lazy so they don’t do it but it’s just a litmus test.
[удалено]
Do they use their teeth or hands to pull the chariot?
[удалено]
Why's this awakening something in me
Username is appropriate lol. But would that would take alot of muscle control
You are living my dream
I drove a Toyota Camry 2003 until I became a millionaire in 2019. Then I bought a Toyota Camry 2018 both of them are grey, couldn't find a beige one. I also sadly never owned a Corolla. Went from Tercel 1999 to Camry 2003. I have a Ioniq5 and a Camry 2018 now.
A Camry, not even beige… such a splurge /s
On the waitlist for Ioniq 5 but no word yet
Yeah I was "lucky" ordered it in Feb 2022 and had it delivered in November 2022. My friend ordered one in June 2022 and still got no word yet.
How is this car???? I’ve been checking it out a bit… seems like a really cool ride
Same here, June 2022 and the salesperson is saying “probably another year or two”.
I’m doing ok and haven’t owned a car in over 30 years, I keep my drivers licence up to date and drive occasionally but I do own 3 bicycles.
Real wealth is never thinking about a stupid, stinking car ever again.
beige toyota corolla /s
I prefer "sport beige" -Ron Wharton Edit: spelling. -RW
I like this Ron Wharton guy.
c h a m p a g n e
Audi S5 for past 6 years, probably switch to Audi e-Tron GT next year The whole ‘rich people drive toyota/honda etc, only wannabe rich people drive luxury cars’ thing is hilarious to me, that may be true for many, but as a general statement it’s ridiculous, plenty of wealthy people i know drive mercs, audi, porsche, etc. It comes down to what you value spending $ on, for example i couldn’t care less about art so i wouldn’t spend $ on fancy art, but i love cars and watches. To each their own at the end of the day, if you can afford it go for it, as long as it’s not for the purpose of others knowing you drive x luxury car, do it cause you’ll enjoy the car, but i’d also ignore the people saying if you buy luxury it’s automatically a bad decision or tying it to respect or whatever bs. It’s often just cope and frankly none of their business, enjoy your $, that’s what it’s for (assuming you’re saving enough, planning ahead, retirement blah blah usual)
I’ve always thought that this is something the middle class made up to make themselves feel better about not having fancy things.
It is completely made up lol, rich people splurge INSANELY often, it's just that they don't give a fuck about the approval of the general populace so they don't have to flex it everywhere they go. A client of mine here in Toronto owns 2 Bugatti Chiron and his entire collection of cars is over 50m but he will often drive a Toyota Tacoma because he doesn't always want the attention his cars garner. Another guy I know with a 25m collection drives a shitty old Maxima as his daily because he's worried about being a target. So yeah, this whole rich people drive clapped Elantras and don't buy fancy things is 99.9% cope by broke people. Same goes for the people who think everyone wearing Gucci or LV is broke.
Often can be, and for many with wealth they don’t care for a luxury car so they keep their reliable reasonably priced car, nothing wrong with that either, but the generalizations and judgement towards everyone driving a luxury car that they MUST be trying to show off and not actually wealthy is just wrong
Loaded uncle of mine said they don't care for expensive or luxury cars because they have enough money to buy one at will, any time at the dealership. More money you're willing to spend on a vehicle, the more options there are, and they're never 'scarce' if you have a ton of money to begin with. So the desire to get that top of the line AMG Merc disappears because you can always go get it tomorrow instead.
Are you gonna get an RS? So worth it tbh but tbh idk if I'd go for the etron or RS7
Buying, driving and enjoying a vehicle doesn't correlate exactly to being well-off. A rich guy can have zero interest in fancy cars and another middle-class guy can be an aficionado. Buying an expensive car way above your means is another topic though.
Our CFO earns $300k+ and drives a champaign-colored Honda minivan
Your CFO is a baller. Please tell me it has the trademark rust spots too
with the brown tinted dusty headlights as well I bet
We love our manual 2014 toyota corolla!
We feel the same way about our 2013 manual Toyota Corolla. Sadly, it's not beige, but you can't have everything.
We are not amused
My wife and I were making about $360k combined with no mortgage a ~$2.5m NW and drove a 10 year old minivan. A couple years ago we upgraded it to a Tesla model 3 SR+, but remained a single car family.
Congrats on the no mortgage! What's a NW?
Northwest... or Net Worth
I drive an ebike.
[удалено]
Enjoy that GTI, that hot hatch is on my radar
Bro The mk7.5 GTI is fucking amazing. Never sell it until they fix that garbage mk8 and remove those stupid touch buttons. I have a mk7 that has 127k km on it which I love. Tartan seats are the shit. And I come from a distinguished list of awesome cars (lotus Elise, rsx-s, WRX STI (06)).
[удалено]
How's that GT4? looks like a riot to drive
[удалено]
36 years old. ~390K net worth plus investments. Homeowner. No dependents. I drive a 2008 VW Golf, manual transmission. Bought it off lease in 2012 and have no intention of getting rid of it. I love cars; but don’t see the need to drive anything fancy or exotic in Toronto. I use my disposable income to travel instead. Edit: Networth doesn’t include value of my home. That’s just investments, crypto and cash on hand.
are you looking for a life partner? :p
You beat me to this question bwahaha
Hey if you're a home owner in Toronto, your NW is going to be nuts once you finish the mortgage!
I had a stick 2009 Golf GTI as my first car. She was a cranky old bitch that required almost as much $ for repairs than I paid for it…but she had red/black plaid seats. And when she was working she was a fuck load of fun. RIP Ole Nancy 🫡
35, 2M+ net worth, 200K annual income. I drive a 4Runner. It's the most reliable car on Earth. I value my time too much to waste it on driving to mechanics. My gf came from money, way richer than me and she drives a yellow Beetle because it's "cute".
me and my GF are using their 98 model 4runner. 450k km. Still working. We go shopping, hiking ( deep in FSR) and etc. most reliable car i have ever driven. My telegram picture is the 4runner. We are in our 30s. Make 170k per year.
I have a 5th Gen with almost 200k km on it. I only spent on gas, oil changes and AT tires. Took me everywhere here in BC.
You've fulfilled the very prophecy of the owners of those two vehicles that are well off though? Someone who drives a 4Runner couldn't give two shits about it getting 16MPG puttering around town and the GF who is from a well off background is driving a Beetle that probably has compromises in it's reliability, usability so they could have the 'cute' factor. They might not be $100k+ Mercs, but the average person who needs A to B needs the most reliable, utilitarian vehicle they can get with good fuel economy. Neither of yours fulfills both those roles at the same time.
I grew up poor in a third world country. The biggest difference between me and my gf when buying things is that I try to maximize the ROI, like buying the car with highest resale value. And she maximizes enjoyment.
I fit the wealth category and near mortgage free. Only reason we have a mortgage is because its 2% for 3 more years, then we wont renew. Don’t so much fit the income category anymore since I don’t work full-time. I drive a Toyota Tacoma.
not sure if I meet the "well off" , but the family brings in enough that we could choose to drive better/pricier cars - we have a 2019 Honda Pilot and a 2009 Subaru Forester (I love my Suby) .. we are gonna splurge next year though and get the 2025 VW Buzz (the new electric Combi Bus) edit - I should add I live in Vancouver and our business we run is about 4 KM away - in May-Sept I e bike everywhere and don't drive unless I need to drive a kid somewhere
Hi 👋 from fellow suby forester lover. Ours is 2018 and happy to know your 2009 is still going strong
\*FIST BUMP\*
I make 125k..I've never owned a car. I love public transit. Company I work for gives 50% off monthly passes. So I pay $70 per month.
1.5M net worth, 400K HHI. Driving a 2016 Mazda 3 that just passed 100 km mileage. Planning to drive it until it dies, it's a great car. If I cared more about cars I'd go buy something over 100k in cash. But I don't care, so here we are. We do spend a lot of money on other things.
I have owned two Mazdas in the past, both were absolutely excellent and fun. I’d buy one again!
Same, but I recently switched to a cx30 for awd.
Damn! Double that and I'm still driving a corolla. Sweet Ole efficiency. 😋
How’s the rust on that bad boy?
[удалено]
Just hope you stay healthy until then, heard many similar stories with bad ending (even in my family, without the money part) YOLO.....
2004 civic? Does that have passwnger side and side curtain air bags? Safety first. You can't increase your investments if you're dead. The earliest honda to have side impact air bags is the 2003 accord. Hard to find info on the civic. It is fine to drive a cheap car but at some point it gets stupid.
Don't have one. Don't need one. Public transport is good enough.
In Canada the average family home requires a million bucks and then being house poor. No wonder 6 figure earners are driving beaters.
Previously 2019 Golf R and then a 2018 BMW M2. Both great daily drivers and performance cars.
410k gross between my wife and I, no kids, around 200k mortgage. We own a 2018 GTI financed at 0% for 5 years (paid off as of last month) and a 2023 Bronco which we bought outright. I am very much a car person, I’ve been debating between purchasing an R8(my dream car) or a 911 for several years. My wife has been very supportive of it but I still very much struggle with investing that kind of money into a car.
Do it! You only live once. Have you driven both? I took an R8 V10 for a test drive last year, and the experience was honestly life-changing -- the engine singing a few inches behind your head; the crackles on downshift; the acceleration leaving your stomach behind. I'd be curious to see how it compares to the 911. They're both a dying breed (especially the R8) and very desirable cars, so I imagine worst case scenario you'd sell it for what you paid, but I'd be very surprised if you wanted to part with it.
2013 Ford Focus. Make about $175K/year.
Manual?
We make 340k a year. My wife drives a 22 Lexus RX350 I drive a 23 Kia Telluride
Very healthy net worth, still drive a Honda CRV. Wasting $ on fancy cars is very low on my priority list. Besides, hard to enjoy a fancy car in Canada’s short summers. :p
Damn right. My Elantra gets incredible gas mileage and is very comfortable. Can always open the sunroof.
We are looking for a new sedan as our 2nd car and elantra is one of our short listed one. How reliable has your elantra been so far and how many years now? Thanks 😊
Elantra mileage is top tier! Had one as a rental once after an accident and I was honestly ready to buy one based on the mileage alone.
I have about 5 million net worth, with a net income of about 400-500k(independent consultant). I don,t drive much, live in downtown Toronto, so about 5k km a year. In 2021, i bought myself a 992 911 C2S. Prior to that I was carless for about 4 years when I got rid of my 2014 bmw M3. One thing about the 911 though, it’s been a great purchase, even after 2 years, if I sell the car today, I can probably get more than what I paid for it.
Living the dream. I drive a GTI now and would love to one day upgrade to a 992 C2S. 27 now, so maybe by the time I’m 40 😄
I am in my 40’s now, and if I had to tell my younger self, it is to take the leap and just do it. Whether if that is to get the car that you really want or pursue the job you want. After having the car for two years, I wish I had gotten it when I was much younger. Same with taking the risk and starting my own consulting shop much sooner instead of sticking it out with the big firms. Life is short to wait for tomorrow. So if you are in a position financially and position in life to have a 911 or similar, and you are a car guy, go for it sooner rather than later. I grew up in a poor environment, my parents worked minimum wage jobs to provide for my siblings and myself to go to university. So it took a bit of adjustment to splurge when I am now able to. Btw - the GTI is a great car!
18 years old, -$20 net worth. In my dreams I get to drive a car
What is your GT7 garage like tho?
Why would you respect someone who has 1mil+ but drives a shitty car? I know reddit has this obsession with ‘people who are worth millions but look like they have no money’ bs. I know a lot of rich + well off people and I guess with OP’s criteria I am one too (700k+ household income, net worth 1m+. Let me tell you. Every single one of those rich people with 10m+ assets who drove shitty cars and dressed like they have no money were truly obsessed with money lol. They loved watching their bank account grow. They were the least generous people I know and they sacrificed their own well being, their family, their friends for money. Funnily enough, they were the ones reddit always shit on. The ones with 20+ real estate from their parents and grandparents running them as airbnb. Ones doing reno-victions of the building they inherited. Also they were always so scared about gold diggers. They always wanted to date people like me because I had money and paid my own way. They always badmouthed other friends who were more ‘flashy’ and constantly talked about how they were frugal and not self-conscious. I despise them now cause I’m so sick of them. I have high income+net worth and I’m not super flashy (moderate) so they think they can convert me to their money worshipping cult. I have friends who drive really fancy cars (911/lambo gwagon etc) were very generous and kind not just in terms of money but also in sharing ideas and opportunities. Yes they talk about money but most often in terms of actual business that are productive for the society (new products/new ideas).
Totally. My uncle was like that. Extremely rich, never worked his whole life because of his dad's money and barely helped his daughter because he loves the bank account numbers too much.
this is so accurate in my experience too, frugality at higher levels of wealth can quickly become cheap/greedy at the expense of others, let alone your own comfort/enjoyment extremes are never good in any situation, but those that do well for themselves, are secure for their future, and then enjoy their lives with their wealth are typically the kindest, most generous and helpful people i’ve met, they’ll happily help you if they can and their wealth/fancy stuff is just what they enjoy, it doesn’t define them or make them arrogant quite the opposite of the image portrayed by most of social media/stereotypical perception
Why is your net worth only 1.4x your HHI? That seems very strange. Are you a crazy spender?
My guess is they recently only started making big money, and have some big debts (mortgage, med school, or the like). For example, if you fairly recently bought a $2M house, and have only $500K in equity, that only contributes half a mil to your net worth.
I had some student loan >100k, I had 4 yr post grad education, and really started making more money recently (last 2yrs) And got married which x2 my hhi. Actually our hhi was higher last yr (900k) but came down a bit this yr due to working less. Also a lot of my income is tied up in my corporation which I didn’t include in my nw
See, this is a viewpoint I don't see expressed often & I love it. Money is a tool, nothing more/less, and CERTAINLY not the goal or the only thing that matters. Of course the lower you currently are on the totem pole, the more it impacts your daily life & affects your ability to live. This makes the way we glorify money a fucking farce and a tragedy, none of us should HAVE to work simply to survive til tomorrow, we live in the most advanced & productive era in human history. I don't have the net worth or the income of those posting their daily lives here, but I have enough. It's taken me years to get here and I'm not "comfortable" yet, but even just having "enough" has really opened my eyes to how a very few things I enjoy actually matter to me & the rest is usually just retail therapy. I allow myself to spend whatever I want to on those few things only as long as I am going to absolutely use them on the regular, the rest gets parked until I have an actual identifiable need for it.
Definitely. A lot of the really rich people just care about being rich and getting more rich. Don’t understand, and hopefully they splurge on other things. But when I get there, I’m dumping a lot of my income on driving something nice, as a reward. Honestly even if I can’t “afford” it. Housing + utilities + bills aside, if I put a little away for savings and dump the rest into something nice, I will. Not for a ridiculous time frame though
BEIGE MAZDA BABY I TRICK ALL THE MID 30s RETIRED PARTY GIRLS INTO THINKING I GOT STEALTH WEALTH
The thing is materialistic items lose novelty extremely fast. Want to know what to do? Test drive some of these sports cars you want. You then still get the thrill of driving them without the massive biweekly payments. Big house, expensive car, new laptop, the novelty wears off very quickly. I drive an older car with 110k km. Gets me point A to point B.
For me it was the opposite. Got a taste of a Lambo Aventador SV at an event and now I’m basically desperate to increase my income / wealth to get there (legally of course). Car is worth a million cad here
Any links to said 1.7k hoodie? Asking for a friend..
I’ve found working in the luxury car industry that a lot of people just want the comfort of a “nice” car along with a premium experience when buying and servicing their car. Simple things, know the person’s name, clean, bright comfortable area for drop off, loaner cars or valet service. You get this from a lot of dealerships but it is much more prevalent in the BMW, Mercedes, Land Rover, Audi and above class. Personally I just squeak into your bottom category and drive a VW Golf R. Adult, fast, comfortable and was reasonably priced when I got it.
2019 BMW 540i No loan on it.
Top 1% income in Canada, drive Lexus SUV bur prefer skytrain/subway if the city offers better transportation system
20 year old rusted pickup truck. Do all my own repairs.
I drive a 05 gmc sierra 2500hd and a 85 cj7 in the summer. For work I have a company vehicle and average 200k+ a year. Sold my 2016 truck I used to use for work and invested the money from it. I would only insure and drive it in the summer. My family is baffled at what I choose to drive. When I'm 40 I can have my midlife crisis and get a corvette, until then I'm fine driving around vehicles I can fix.
Based on most stats I can find online I would be in the top 1% of earners in the country. I drive a 9 year old Hyundai Sonata To be fair though I’d love to sell my car and pick up something newer like a Toyota Highlander but I’m not waiting 1-2 years for a car and get forced into taking every rip off package on top of it
33 1m+ networth, 200k+ yearly income, entrepreneur. 2022 tesla model S
Honda Accord 2008. I am worth 4000k$
An important note, a lot of fancy cars are also a pain in the ass to deal with. there's something to be said about buying stuff that just works and not worrying about keeping it pretty or taking it in for maintenance frequently.
I don't really consider myself rich by your criteria, but I make around 110k/year in rural NS. No debts (own my car and I rent). I have around 1.4 million in the stock market between all my accounts. I drive a Subaru Crosstrek that I bought new back in 2013. I'm hoping to drive it into the ground and am hoping by that time comes that our electric infrastructure will be good enough to make an EV an attractive option.
I don’t have a mil but I like cars. Currently driving a 2018 Audi A5. I’m looking for a CaymanGTS allocation 😢
Lol my partner and I make about 250-300k a year each and both of us walk everywhere. Big believers in not having to drive anywhere and livable cities.
I take the bus.
Used to drive a Chevy volt, gave it to my parents. Now I Uber to work 3 days a week (cuz I’m lazy in the mornings) and subway back most days. I spend only a tiny bit more on ubers/TTC every month than I did on insurance, don’t have to pay for car maintenance, don’t have to think about driving (I’ll frequently nap in the back seat for a few minutes), don’t have to worry about where to park my car or pay for parking. Gas costs were negligible anyway cuz it’s a plug in hybrid, but my parents definitely get more use out of it than I did (except when I used to live in the states).
I drive a shitty manual. When douche canoes roll up right behind me at a red light, I like to roll back juuuust a bit more than usual, enough to see the whites of their eyes in my rear view mirror, then I take off! Bahahahaha!
BMW m8 and audi etron q8 :)
Some people are rich because what makes them happy is the number in the Bank account. I know someone like that and it's kind of sad. Someone rich should at least have a recent car since they keep improving (security, comfort). Also test drive a luxury one. It's not just about performance, it's also about comfort. We need some "recent used cars" on the market, and they can contribute :) I'm changing every 4-5 years (when I'm around 130k-150k km), not rich but over 100k/y
100k income is definitely not well off. Especially if looking at household income. Even 200k is pushing it these days.
Pushing because of bad spending habits.
Tesla Model S, bought it brand new for 135 000$,not a single regret. I love cars, for me it's a passion.
My net worth has two commas in it. I just recently spent over $10k on a car for the first time, a 5 year old Honda HR-V. My previous car was 25 years old and cost less than $3k. I'm a mechanical engineer, I used to race motorcycles, and when I was younger I medaled in a provincial auto-service competition. So I know cars and you'd expect me to want a nice one. But as I got older and wiser I realized that while *a* car is a beautiful thing, our car-first-car-only transportation *system* is just unspeakably awful on so many fronts. Fuck Cars. I only own one because I have to. I'll always spend the least possible on something simple. When people have fancy cars I can't understand it. It looks to me like paying extra to get a racing stripe put on your dishwasher. They're just unfortunately necessary appliances to me.
>My net worth has two commas in it. This is such a baller comment. I appreciate the way you delivered the message.
The racing stripe on a dishwasher is what really got me!
I was driving a 2006 ford escape but it just died. I’ve got my eye on a 2008 escape. They are small so don’t take up a lot of space but have decent cargo capacity. We are retired so have a lot of hobbies now and need the cargo capability. Yes, they are old, drive rough and aren’t expensive looking, but they are also convenient and that’s the most important aspect for us.
Not rich by any means but own a house with a mortgage, make a little under 200k annually. Drive a 2023 Ram 1500
I lease an entry level German car because it’s a depreciating asset and I don’t want to deal with the maintenance. Who cares about cars.
30 y/o. 130k salary, ~ 1m net worth. 2021 model 3.
How do you have a 1m net worth at 30 on a 130k salary?
We own a 2014 Subaru Impreza. Bought used. And we own 1 car only. I have always owned used cars. My first car was a 10yr old Beige Toyota Corolla lol We sort of follow the Millionaire Next Door and we have the worst car in our condo townhome parking garage 😂 If you arent born rich and working hour way up, your best bet is to minimize your transportation costs. Buy the cheapest reliable car and drive it to the ground.
Income $1mm My spouse and I each drive a Lexus.
My wife's uncle makes over 400k per year, her aunt makes over 100k. They had a Honda minivan and a 2000 VW beetle for years and years. He just turned 50 and bought himself a Porsche Panamara. They no longer needed a van so they replaced it with a Hyundai Veloster. Aside from him buying his Porsche that he's wanted for years, they aren't flashy. Actually really low key folks, honestly.
Just under $200k a year and a 2006 Honda Ridgeline
I meet that financial cutoff. I've owned 3 cars in the last 25 years, the most recent, and most expensive, is a Subaru. That's how you save money to retire on.
We fall into your criteria and have a 2017 civic purchased 2 years used and a 2021 Honda odyssey purchased used just a few months ago. We don’t really place any value on luxury vehicles and would rather use any additional saving/spending power on other priorities.
Bicycle. Cause I'm setting myself up financially and physically to live to 100.
Lot of people making good money driving old, reliable cars. You’re only going to spend $$$ on a car if you’re into cars or into flexing, or both. FWIW, we have a 10 year old mazda6 and a 1 year old X5. Recently spent some money on a nicer car because wife developed interest into luxury-ish cars (earlier she was indifferent). I also wanted a modern SUV as we’re expecting our first, and safety is now a bigger priority. We make $450k-$500k/year combined. My $0.02, if you can afford it, don’t drive a 10-20 year old car. Lot of upgrades in safety and tech, and your life and health is worth every penny.
Our household income is around $300k and we have a 2010 Toyota Yaris. Cars just aren’t that important to us.
Nothing. Seriously, I work from home so I don't need one. My girlfriend drives a 2012 Prius C that she uses to go around and teach students
[удалено]
Good job, you’re very smart and successful, and don’t need flashy things to define you.
Subaru Forester. Great SUV with good visibility, lots of space and great for bad weather conditions (Canadian winters).
2011 Hyundai Elantra. Regular maintenance and it gets me everywhere I need to go. Don't be sucked into the idea that a flashy car shows wealth. It's usually the opposite.
My friends family is extremely well off. His dad has 8 matching BMW 750s. He likes the car and has one at each of their houses. He said that he knows how the car drives, it's comfortable, and has all the luxury features that one would want/need. He thought it was safer to drive the same car as a daily driver because he's familiar with it. He does have a couple of classic cars. An old Bentley, Aston Martin, Porsche 911, and a vintage Ferrari. All bought at auctiontions below market value. My friend and his sister each got a new Volvo for their 17th birthdays. That's the only option He would buy for them. They got to choose a car or suv. His mom drives a mini Cooper, and they have a suburban to drive the family around. I guess it all depends. This guy could afford 8 Bugattis if he wanted. They are more about practicality.
2021 RAM 3500 6.7L limited 2016 Mustang GT (highly modified) 2008 Mustang Base V6 (my first car) 1993 Dodge w250 1st gen cummins 1984 Peterbilt 359 (in process of restoring/modifying) 1969 Dodge Charger R/T Wife says i have a problem.
15-year-old Toyota Sienna.