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Do you reflexively think luxury car = rich driver and old car = poor driver?
Posted on 7/26/21 at 10:49 pm
Posted on 7/26/21 at 10:49 pm
(no message)
27
Posted on 7/26/21 at 11:07 pm to Zachary
Yeah in general I do….but I know I am wrong a lot on this.
My old boss drove an old 1980 suburban (still does)
He is third generation oil (owned the private oil company) and would park it at the airport when getting on the company citation….
My old boss drove an old 1980 suburban (still does)
He is third generation oil (owned the private oil company) and would park it at the airport when getting on the company citation….
Posted on 7/26/21 at 11:22 pm to Thecoz
Same. In general yes but I know some very wealthy people who drive beaters or ordinary cars.
Posted on 7/27/21 at 12:02 am to Zachary
I wait to see them get out of said car. The shoes and the belt will give you all the answers
Posted on 7/27/21 at 3:04 am to SDVTiger
Usually
But there are some creative types who can be millionaires and still dress like slobs and drive beaters.
It also depends what the OP implies with "rich" and "poor". A certain amount of money is required to buy luxury goods but living above their means is a powerful differentiator between people who accumulate wealth and those who don't.
Some debatably not PC studies have implied that some minorities are disproportionately likely to spend more on luxury goods (cars, jewelry, clothing) that advertise personal status.
Those expenditures cause enormous harm when you consider the loss of investments compounding and the consequences of that on the ability to accumulate generational wealth.
But there are some creative types who can be millionaires and still dress like slobs and drive beaters.
It also depends what the OP implies with "rich" and "poor". A certain amount of money is required to buy luxury goods but living above their means is a powerful differentiator between people who accumulate wealth and those who don't.
Some debatably not PC studies have implied that some minorities are disproportionately likely to spend more on luxury goods (cars, jewelry, clothing) that advertise personal status.
Those expenditures cause enormous harm when you consider the loss of investments compounding and the consequences of that on the ability to accumulate generational wealth.
Posted on 7/27/21 at 4:38 am to Zachary
Yep. And I have always driven a 10+ year old vehicle.
Posted on 7/27/21 at 5:08 am to Zachary
No. Some of the wealthiest people I know drive 5-8 year old camrys and f150’s. On the flip side a lot of those who are paycheck to paycheck with nothing in the bank are driving the nicest vehicles.
Posted on 7/27/21 at 5:40 am to baobabtiger
quote:
No. Some of the wealthiest people I know drive 5-8 year old camrys and f150’s. On the flip side a lot of those who are paycheck to paycheck with nothing in the bank are driving the nicest vehicles.
This.
Posted on 7/27/21 at 6:19 am to LSUmajek
Y’all should read “The Millionaire Next Door”
Posted on 7/27/21 at 6:21 am to Zachary
Nope. The nurses at work drive nicer cars than my fellow ER doctors (but only for the most part, with a couple of exceptions). In general, I have found this frequency of groups that drive the nicest cars:
1) old people who have accumulated wealth and don’t care
2) people from communities that generally don’t have much money. Status seems more important in these groups, even if they haven’t made it yet (and I don’t mean that pejoratively, because maybe I’d be the same way if I group up in a poor area— I didn’t grow up rich, though, either)
3) rich people
1) old people who have accumulated wealth and don’t care
2) people from communities that generally don’t have much money. Status seems more important in these groups, even if they haven’t made it yet (and I don’t mean that pejoratively, because maybe I’d be the same way if I group up in a poor area— I didn’t grow up rich, though, either)
3) rich people
Posted on 7/27/21 at 7:13 am to Zachary
Funny enough I tend to think people driving a lot of luxury cars are broke folks being fake rich and many folks who drive more "mainstream" vehicles are much wealthier.
It's a HUGE symptom around here in Atlanta as its considered a luxury car capital of the U.S. by many. Seriously, you will see a ton of luxury brand vehicles on the road and the lease rates are crazy around here. A local BMW dealer to me have said before they lease around 80% of their new vehicles.
You will find so many people who are broke driving a newer BMW, Benz, Audi, Maserati, Cadillac, Porsche, etc etc. Heck my neighborhood is a great example of this, totally middle class type neighborhood, the comps are crazier now - about mid-high $300k range, but under normal market it's more high $200k range (got our townhome here for $275k back in 2017). So we're not talking super expensive homes here. However, the amount of higher end luxury vehicles you see in the neighborhood is absolutely nuts. I think we have at least 3 Maseratis (less than 190 homes total). Many new BMW, Cadillac, Benz, etc... Went to the pool this weekend and saw a brand new Cadillac Escalade ESV in a driveway, those START at $80k.
A girl at work I'll never forget years ago started a job where she was making in the low $30k range, she was single with a kid. After like 3-4 months working she showed up to work one day in a brand new 320i. Was so proud of it, talked about how she leased it for $475/mo and put nothing down on it because she didnt have enough money for the "down payment" they wanted on the lease. Just literal hand in face moment.
A huge giveaway a person is fake rich to me is the poverty spec leased newer models people drive. The "I want a BMW badge" people but drive a lease spec base 328 with leatherette and zero options (and zero options on a BMW is pretty bare bones for a "luxury" car). You just know they live in a mountain of debt in their life, but cant help themselves in driving a car they cant afford
It's a HUGE symptom around here in Atlanta as its considered a luxury car capital of the U.S. by many. Seriously, you will see a ton of luxury brand vehicles on the road and the lease rates are crazy around here. A local BMW dealer to me have said before they lease around 80% of their new vehicles.
You will find so many people who are broke driving a newer BMW, Benz, Audi, Maserati, Cadillac, Porsche, etc etc. Heck my neighborhood is a great example of this, totally middle class type neighborhood, the comps are crazier now - about mid-high $300k range, but under normal market it's more high $200k range (got our townhome here for $275k back in 2017). So we're not talking super expensive homes here. However, the amount of higher end luxury vehicles you see in the neighborhood is absolutely nuts. I think we have at least 3 Maseratis (less than 190 homes total). Many new BMW, Cadillac, Benz, etc... Went to the pool this weekend and saw a brand new Cadillac Escalade ESV in a driveway, those START at $80k.
A girl at work I'll never forget years ago started a job where she was making in the low $30k range, she was single with a kid. After like 3-4 months working she showed up to work one day in a brand new 320i. Was so proud of it, talked about how she leased it for $475/mo and put nothing down on it because she didnt have enough money for the "down payment" they wanted on the lease. Just literal hand in face moment.
A huge giveaway a person is fake rich to me is the poverty spec leased newer models people drive. The "I want a BMW badge" people but drive a lease spec base 328 with leatherette and zero options (and zero options on a BMW is pretty bare bones for a "luxury" car). You just know they live in a mountain of debt in their life, but cant help themselves in driving a car they cant afford
This post was edited on 7/27/21 at 7:23 am
Posted on 7/27/21 at 8:13 am to thunderbird1100
Depreciating asset. I won't judge anyone for having one because everyone has different life goals. Mine is to retire early. I drive maybe 12 miles/day unless I'm leaving town. It's probably cheaper for me to uber around than own a car, pay insurance and gas.
Posted on 7/27/21 at 8:21 am to JL
i used to do some work at community coffee when Norman Saurage was alive. He drove his dads 80s station wagon.
Posted on 7/27/21 at 8:23 am to Zachary
No. I used to… then I matured and learned that showboats often are just trying to make up for personal (or financial) deficiencies.
Posted on 7/27/21 at 8:42 am to Zachary
If I see a super nice car, not necessarily just a standard bmw/mercedes than yes I typically think rich.
I think for older cars its the condition that I look at more than the car. If its a 10 year old car but kept up nice I don't put too much thought into it. If its a 10 year old car with the bumper hanging off and mcdonalds bags everywhere than yes I am drawing conclusions.
I think for older cars its the condition that I look at more than the car. If its a 10 year old car but kept up nice I don't put too much thought into it. If its a 10 year old car with the bumper hanging off and mcdonalds bags everywhere than yes I am drawing conclusions.
Posted on 7/27/21 at 8:57 am to baobabtiger
quote:
On the flip side a lot of those who are paycheck to paycheck with nothing in the bank are driving the nicest vehicles.
These are people who feel like they have to look successful on social media.
Posted on 7/27/21 at 9:03 am to Zachary
We have one "good" car and one shite car. shite car is for local driving.
Posted on 7/27/21 at 9:27 am to Zachary
not always
Posted on 7/27/21 at 9:39 am to Zachary
Id rather people think i am poor.
It lowers expectations (small town).
Not only is my car at 200k miles, but the lining on the interior roof is falling off.
My shoes were $25 and are 3 years old.
My belt is the same (ratty).
As for the original topic, i dont judge people (lest i be judged)
It lowers expectations (small town).
Not only is my car at 200k miles, but the lining on the interior roof is falling off.
My shoes were $25 and are 3 years old.
My belt is the same (ratty).
As for the original topic, i dont judge people (lest i be judged)
This post was edited on 7/27/21 at 9:40 am
Posted on 7/27/21 at 9:48 am to meansonny
What is considered luxury? Poor people can’t get a loan for the new 120k SUV even if they wanted to.
Also, rich is relative. To me, you are rich enough to buy the 100k + cars if you make over 300k a year.
Also, rich is relative. To me, you are rich enough to buy the 100k + cars if you make over 300k a year.
This post was edited on 7/27/21 at 9:51 am
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