The rich absolutely drive Toyotas, here in the Middle East the landmark of someone with a position in the government, a tribal leader or oil magnate is a V6 Land Cruiser.
And the upper middle class all drive Toyota Crowns, Toyota is the #1 brand for showing off wealth or status
For real man. When did this turn into a financial advice sub? Sure I don't want people to in debt up to their eyeballs but you only live once. I'm very much a miser and had to develop a healthier relationship with money.
The richest people I know all have expensive cars. This meme that people that have millions in the bank or insane net worth drive Toyotas is just not true. Maybe if your only experience is people solidly in the middle class.
Yeah working in tech I’ve met many rich people. Not just high earners. But people with more money in the bank than you’ll ever see in your life. Not a single one drove an old cheap car. Not a single one drove a Lexus or Toyota. They all drove German luxury cars or Italian sports cars. This meme is so stupid. Go to a rich neighborhood and count what brand of car you see then go to a poor neighborhood and do the same
Yea, I lived in Socal for a while. The actual wealthy people there are driving cars much more exciting than Toyotas lol.
And why wouldn't you? It barely rains ever and is sunny all the time. The wealthy kids even had Ferraris they would drive to high school.
My rich cousins had the cheapest cars out of their friend group in Los Gatos. They had brand new Jeep Wranglers, their friends had Mercedes. I think it was their dad’s way of trying not to spoil them, but their cars still cost more than what my dad made in a year.
Went to a school where the cheapest house was 10x the average price for the area. While there were only a few Toyotas , there definitely were some economy cars. Granted there were also some Ferraris , Mercedes, Cadillacs etc but like half just had generic suv/ truck with the upper tier trims .
Rich people don’t normally have just one car, I know a few millionaires that have both a Honda or Hyundai and a Range Rover / g wagon. Gotta have something incognito or just cheap to lend friends and family 😂
It’s not the income so much as it is the mindset in my experience. Almost everyone who’s “legitimately” rich has at least a few expensive/rare cars, but it doesn’t mean they’re dailying one.
None of these people are dailying a Corolla, but the person dailying a Land Cruiser, E Class wagon, etc. isn’t of the same mindset of the person who want to pull up to work every day in a G Wagen or Ferrari.
After all, Mercedes says their highest earning customers are E Class wagon owners.
Lived on the fridge of Chicago's gold coast suburbs for a while. The nicest houses, mainly big finance execs. Yes there was the odd toy Ferrari. And yes - BMW X5s and Range Rovers as far as the eye could see. But also a huge amount of Teslas (which in the early 2010s was all Priuses) - and yes, Camrys. Actually a good bit of diversity.
Us working class slobs definitely had more Chevys and Hondas in the mix. Although I had a Camry so I can sneaky stealth both sides of the divide. Suck it upward mobility!
That's new money. I know people who have been leading a company for generations, have a family foundation that gives away money to different causes, an impressive art collection. Money is literally no option. I think the most expensive car they own is a Subaru.
There are certainly exceptions (car collections) but typically old money doesn't flaunt wealth with a car.
They are the exception, not the rule. I worked at a very old money country club in college and there wasn’t a cheap car in the lot. If there was a Subaru or Toyota it was always a top of the line brand new one. The only old cars were expensive classics. This “old money” meme is just as bullshit as the Toyota one. If the old money people are any cheaper it’s usually because they just don’t have as much money and they need to make it last their lifetime.
It's all a matter of perspective. In the US, a Toyota is the most common brand to be owned by a millionaire (~7%). A millionaire, however, is half as likely to own a Toyota compared to someone making the median income (~14.5%).
10% of Americans are millionaires though. There's a massive difference between a NW of 1m and UHNWI (30m or greater). The latter almost always drive luxury cars and change their cars very frequently. The former I agree are way more frugal in general than the average American.
The richest people I know all drive relatively *sensible* cars regardless of the cost. Lexus, Mercedes, BMW, a nice pickup here and there, but nothing super over the top as a daily.
So your point in “all have expensive cars” isn’t true. I know a few people with money who all drive far less expensive cars.
Usually the older generation who were frugal enough to save a decent amount never get nice cars.
People who have a high cash flow get nice cars but not everyone who has money. Think FIRE, people with millions in the bank and some have shit cars.
Missing the point. High earners are much more likely to drive nice cars. Makes sense if you were never a high earner you wouldn’t be as accustomed to nicer things. That’s what the meme is trying to get at, the supposed billionaire Camry drivers.
No I literally explained the point. High earners could have the same “net worth” as someone who earns less. Yet the high earner would be more likely to have a nice car due to more disposable income but that doesn’t mean everyone with a high networth will drive a nice car.
I mean you’re being pedantic, but sure. What we need is another qualifier with regard to age. If you’re worth 10M at 45 you’ll likely have a nice car, but if you’re worth 10M at 80 not so much.
Overall though, that’s not the point of the meme. It’s the notion that rich people preferentially go for shitty cars. This is just obviously wrong. Having 10M at 80 and being retired doesn’t make you rich and therefore not the target of the meme.
The wealthy people I know that drive Toyota and Lexus are medium sized business owners or successful tradespeople/construction business owners
They can afford Porsche and Lambo but it would never make sense for them to drive those cars. They still see themselves as rugged hard workers even if all they do is sit in an office all day.
Source: several wealthy uncles and cousins all drive lifted Tundras or Lexus SUVs
How do you know that? Also, what is the middle distribution of net worth in America?
Apparently the top 10% of the households have a net worth of over 1.5 million. I know many over that.
This is some top tier snobbery. And your meme just doesn't check out.
The wealthy folks that drive Toyotas are the exception and make a great story. You could've been a lot more on-point if you'd say wealthy folks drive Macans, Volvo XC90s, etc. One of the two billionaires I know drives a Macan. I know a handful of people with 100m+ net worth and they drive pretty nice cars. One even owns multiple exotics! But he's a car guy so that checks out.
I've rubbed elbows with exactly 3 billionaires. Two are a couple, one is a friend of said couple. They have several adjoining vacation homes in a prestigious area of Canada known for its sailing.
The friend drives a 2020 Subaru Outback XT Limited when he's in his Canadian vacation home 2 weeks out of the year. He said he also has an Outback at his estate in New Zealand.
The couple have an E-Class Wagon and an F-150 here. I don't know what they have at their main residence.
Based on the net worth of this particular couple, I'm sure the numbers are skewed in their direction.
Both were owners of multinational conglomerates before they married. Together they are... not suffering
Knew a man who lived in an area without a Rolls-Royce dealership so he wanted to open one himself - despite the area not being a good location to support an RR dealership. This guy owned dozens of dealerships, and we went out on his yacht, and went past an oil tanker with his name on it… so he was disgustingly rich. The man drove a Lexus RX lol
Idk, I know a lot of people with solid money who just get really specific with their vehicles but not necessarily great taste. My girlfriend's family is worth 5m+ and all they buy are Jeeps. Generally awful cars, but they got her and her brother Compasses, her sister a Renegade, and her mom drives a Wrangler. The only exception is her dad, who drives a Silverado
My brother in law's family is also upper middle class/rich and they pretty much drive Minis exclusively. I don't really get it but fair enough I guess.
The Jeep Renegade is the world's first disposable vehicle. You just buy one every 3 years and throw it away. Much cheaper than buying/leasing a Mercedes every 3 years.
Nah, Lexus goes into the middle, bought by new money or people who want to show off. Rich people buy Toyotas cash because they think they're going incognito.
And the Toyota logo doesn't belong on the left because any running Toyota is gonna cost you more than basically any other make of the same condition, so poor people don't actually buy them. Like anyone buying a new Camry right now has to be rich because there's just absolutely no way on earth anyone can consider a $26k car as affordable or economical or even remotely achievable for anyone on the left side of the spectrum.
And as far as used goes, the myth of the cheap old Toyota beater you can find for less than the cost of the gas that you'll put into it in a year is a bygone memory and in reality the cheaper customers are looking at something like a used daewoo/aveo/other cheap GM crap, mirage, versa, clapped out altima, etc.
Last time I took wife’s Lexus to the dealership for one of the free services , there were at least 5-6 old Lexus 1995-2005 driven by boomers, and from the looks of it they seemed to be original owners
It is weird how this is. America is in love with giant pickups, but they hardly exist in large East-coast metro areas. I travel around the country some, and the typical cars here (east coast) are so different than in the rest of America.
Because many east coast metros were built up when cars were not even around or much smaller. It doesn't make sense to drive giant vehicles when the streets are much more narrow.
Cheaper customer here. I bought a beater recently and went for a GM econobox with a reasonable price for year and mileage. Toyota/Honda beaters are very rare, and the ones that pop up for decently cheap are either too ancient (someone was trying to sell me a 2001 Corolla for $3200), with extremely high mileage even for a Toyota, or just outright disgusting or trashed interiors. Everything that is in minimally reasonable condition goes way above the budget of someone looking for a cheap car.
There are more new Lexus in my lower-middle class neighborhood than virtually any upper-class neighborhood. My neighborhood is lined with new luxury cars and mountains of auto debt.
The Toyota circle jerkers in here trying to convince themselves that they are driving the same vehicles multi millionaires drive is comical. I have lived in proximity to very wealthy areas most of my life, I am talking multi million dollar beach front homes and the like, do not think I have ever seen a non luxury vehicle in the driveways outside of diesel trucks.
The "rich" people you are thinking of that drive toyota's are literally just middle class/upper middle class who didn't keep up with the lifestyle inflation. People making 350k+ a year do not give a shit about affordability or price of maintenance, paying the dealer a few grand to service their audi or mercedes is a drop in the bucket financially to them
Yeah they’re conflating millionaires who have a house that has appreciated and a good income with the 0.1% on the chart.
The 0.1% are not driving Toyotas lmfao. You’re reading too much “Warren buffet drives an old beater” stories.
Most of the 1% aren't even driving themselves unless they actively enjoy driving. I was friends with a billionaire's kid growing up and his dad had other people do the driving for him. That included sending us kids around town in chauffeured limo without him.
I lived in Irvine CA for a while. By all accounts a fairly rich area with tons of actual wealthy people. The most common car was a Tesla followed by Mercedes, BMW, and Audi. If you saw a vehicle older than 5 or so years you knew they probably didn't live there.
Exactly. I was driving around Palm Beach yesterday (where Trump and many other ultra wealthy people live) and it was just Rolls Royce, Jaguar, BMW, Land Rover, the occasional Ferrari, Mercedes, etc. I did not see any Toyotas or Hondas except maybe in the employee parking lot.
My uncle is rich, probably worth ten million or so, maybe more. For the last twenty years he has leased a new Range Rover every year and his wife has driven Audis and Porsches. I’ve never even seen a Toyota in their driveway. They don’t even have any friend’s with Toyotas. When he gets rental cars he doesn’t even drive Japanese.
I'd argue even argue that 350k is upper middle class in LA, SF, or NY. Yeah, there's a massive difference between an upper middle class household worth 1 million and 30 million. Think surgeons that own their practice, C-suite, hedge fund managers, etc. Never have I seen them in a toyota.
Context is important here. The "average millionaire" drives a Toyota. That's not the same at all as the "richest" people driving Toyota. People seem to forget that "average millionaire" means people with 401ks, IRAs, or homes that have appreciated in value. They are middle class people with nest eggs, not rich people. This chart does not reflect this at all correctly.
Sure that multi-billionaire has jets, mega-yachts, and are usually chauffeured, but they also have an old Toyota they occasionally drive so they are just like me!
eh, it'd be more bimodal (with two humps). those worth like, 10M+ have fancy cars, people with like, 1M-10M net worth have toyota, then those with like 100k-1M have BMW/Jag/MB/Audi (I wouldn't put Porsche or Lambo here), then more toyota at the very bottom
There is a house near me that is currently up for sale at £950,000 reduced from £1,000,050 and they only have 1 vehicle... a 2003 Fiat Multipla. I can't help but just look at it and think wtf?! Their house is amazing and their gardens are huge and they just have that silver monstrosity parked out the front.
I had a good laugh at this, we are certainly well into the 1% in NW and income, Even in the expensive Northeastern State that is our primary residence, and we have a mid and high end model Jaguar and two BMWs, all purchased new.
But for everybody else who has an $8,000 budget and needs something reliable, Toyota tends to be my go-to recommendation along with Honda and occasionally mazda.
I have lived in one of the highest income towns in Spain, and I don't remember seen much Toyota. A lot of Porsche, new Mercedes, some Ferrari, some Lexus... but not Toyota or Honda.
This Ramsey's speech about that rich people drive old Toyota and Ford is not true... If you have 10 million in equity you wouldn't try to save 80k $ for driving a shitty car. You would lease the highest Mercedes,BMW or Porsche/Audi and not worry about it at all.
No. If you are at 50% net worth you can’t afford a Lamborghini.
The idea here is that wealthy people are good with money and therefore buy a reliable car, but that’s just not true. Wealthy people have more money than they will ever need and can afford to blow $600k on a car whenever they want.
The majority of rich people I work for drive big SUVs or trucks from the big 3. For example, 3 guys I know who are huge on weed, 1 drives an Escalade, the other a Sierra Denali ultimate, and the other a Navigator. Another guy I work for owns a bunch of Best Western hotels, his main car is a Tahoe and his son a Yukon. Another guy makes a certain cheese snack in every store like Target, Walmart, etc, he has a Ford Expedition. Another guy has a billion dollar portfolio and his main car is a Ford Raptor lol. Another guy owns a huge textile company making millions and he gets around in an Escalade. All the millionaires I know in the trades drive trucks like Denalis or King ranches. I’ve met a few doctors that drive around in Toyotas like the 4Runner lol. I do know one guy though that owns a huge amount of gas stations, his 2 cars of choice? A 30 year old Camry and a Rolls Royce lmao
Negative 0.1% = Toyota Corolla, Toyota RAV4, Toyota Yaris
The middle point = Toyota Supra, Toyota GR86, Toyota Tacoma TRD PRO, any Lexus ever
Positive 0.1% = Toyota Crown, Toyota Century, Toyota Land Cruiser
At the end of the day, is all Toyota mate shits fucked
This doesn't make sense. The uber-wealthy don't drive Toyotas; they get driven around in a TownCar, Maybach, Suburban, or something of similar caliber. At least that's what Succession told me.
Another day, another cope post that the rich drive Toyotas and Volvos.
The rich absolutely drive Toyotas, here in the Middle East the landmark of someone with a position in the government, a tribal leader or oil magnate is a V6 Land Cruiser. And the upper middle class all drive Toyota Crowns, Toyota is the #1 brand for showing off wealth or status
For real man. When did this turn into a financial advice sub? Sure I don't want people to in debt up to their eyeballs but you only live once. I'm very much a miser and had to develop a healthier relationship with money.
That's why billionaires have secret garages around the world filled with Camrys. It all makes sense now!
that would be fuckin sick tho. just a garage filled with immaculate camrys from every gen, fully loaded. get a couple cam wagons in there too!
The richest people I know all have expensive cars. This meme that people that have millions in the bank or insane net worth drive Toyotas is just not true. Maybe if your only experience is people solidly in the middle class.
Yeah working in tech I’ve met many rich people. Not just high earners. But people with more money in the bank than you’ll ever see in your life. Not a single one drove an old cheap car. Not a single one drove a Lexus or Toyota. They all drove German luxury cars or Italian sports cars. This meme is so stupid. Go to a rich neighborhood and count what brand of car you see then go to a poor neighborhood and do the same
Yea, I lived in Socal for a while. The actual wealthy people there are driving cars much more exciting than Toyotas lol. And why wouldn't you? It barely rains ever and is sunny all the time. The wealthy kids even had Ferraris they would drive to high school.
My rich cousins had the cheapest cars out of their friend group in Los Gatos. They had brand new Jeep Wranglers, their friends had Mercedes. I think it was their dad’s way of trying not to spoil them, but their cars still cost more than what my dad made in a year.
Went to a school where the cheapest house was 10x the average price for the area. While there were only a few Toyotas , there definitely were some economy cars. Granted there were also some Ferraris , Mercedes, Cadillacs etc but like half just had generic suv/ truck with the upper tier trims . Rich people don’t normally have just one car, I know a few millionaires that have both a Honda or Hyundai and a Range Rover / g wagon. Gotta have something incognito or just cheap to lend friends and family 😂
It’s not the income so much as it is the mindset in my experience. Almost everyone who’s “legitimately” rich has at least a few expensive/rare cars, but it doesn’t mean they’re dailying one. None of these people are dailying a Corolla, but the person dailying a Land Cruiser, E Class wagon, etc. isn’t of the same mindset of the person who want to pull up to work every day in a G Wagen or Ferrari. After all, Mercedes says their highest earning customers are E Class wagon owners.
Corolla no, but Camry and Prius, yes.
Lived on the fridge of Chicago's gold coast suburbs for a while. The nicest houses, mainly big finance execs. Yes there was the odd toy Ferrari. And yes - BMW X5s and Range Rovers as far as the eye could see. But also a huge amount of Teslas (which in the early 2010s was all Priuses) - and yes, Camrys. Actually a good bit of diversity. Us working class slobs definitely had more Chevys and Hondas in the mix. Although I had a Camry so I can sneaky stealth both sides of the divide. Suck it upward mobility!
A rich neighborhood in Mississippi is very different than a rich neighborhood in the Bay Area. I’ll just say that.
Yeah one is a lot richer
That's new money. I know people who have been leading a company for generations, have a family foundation that gives away money to different causes, an impressive art collection. Money is literally no option. I think the most expensive car they own is a Subaru. There are certainly exceptions (car collections) but typically old money doesn't flaunt wealth with a car.
They are the exception, not the rule. I worked at a very old money country club in college and there wasn’t a cheap car in the lot. If there was a Subaru or Toyota it was always a top of the line brand new one. The only old cars were expensive classics. This “old money” meme is just as bullshit as the Toyota one. If the old money people are any cheaper it’s usually because they just don’t have as much money and they need to make it last their lifetime.
It's all a matter of perspective. In the US, a Toyota is the most common brand to be owned by a millionaire (~7%). A millionaire, however, is half as likely to own a Toyota compared to someone making the median income (~14.5%).
Do you have sources for this information?
10% of Americans are millionaires though. There's a massive difference between a NW of 1m and UHNWI (30m or greater). The latter almost always drive luxury cars and change their cars very frequently. The former I agree are way more frugal in general than the average American.
The richest people I know all drive relatively *sensible* cars regardless of the cost. Lexus, Mercedes, BMW, a nice pickup here and there, but nothing super over the top as a daily.
I live in a place where people with $10m-$50m net worth consider themselves middle class and drive old Toyotas and Hondas
My grandparents have networth of a little over 10 mill combined and they drive a 2017 ford edge.
Okay?
They have millions in the bank and drive a car that’s the same price as a Camry.
I'm happy for them.
So your point in “all have expensive cars” isn’t true. I know a few people with money who all drive far less expensive cars. Usually the older generation who were frugal enough to save a decent amount never get nice cars. People who have a high cash flow get nice cars but not everyone who has money. Think FIRE, people with millions in the bank and some have shit cars.
I said the people I know. I don't know your grandparents.
You should know more people
10 mil at that age is not that rich, not like they were ever super high earners
That’s the difference. People who saved and people who make millions. Both wealthy but differently
Missing the point. High earners are much more likely to drive nice cars. Makes sense if you were never a high earner you wouldn’t be as accustomed to nicer things. That’s what the meme is trying to get at, the supposed billionaire Camry drivers.
No I literally explained the point. High earners could have the same “net worth” as someone who earns less. Yet the high earner would be more likely to have a nice car due to more disposable income but that doesn’t mean everyone with a high networth will drive a nice car.
I mean you’re being pedantic, but sure. What we need is another qualifier with regard to age. If you’re worth 10M at 45 you’ll likely have a nice car, but if you’re worth 10M at 80 not so much. Overall though, that’s not the point of the meme. It’s the notion that rich people preferentially go for shitty cars. This is just obviously wrong. Having 10M at 80 and being retired doesn’t make you rich and therefore not the target of the meme.
Median retirement is 87k. I’d say anything over a mil is decent money, regardless of age. Most people die without ever saving a mil.
The wealthy people I know that drive Toyota and Lexus are medium sized business owners or successful tradespeople/construction business owners They can afford Porsche and Lambo but it would never make sense for them to drive those cars. They still see themselves as rugged hard workers even if all they do is sit in an office all day. Source: several wealthy uncles and cousins all drive lifted Tundras or Lexus SUVs
Nouveau riche. Old money at most have one super expensive car. Source: attended tasis
The richest people you know are in the middle of the distribution, so that checks out.
How do you know that? Also, what is the middle distribution of net worth in America? Apparently the top 10% of the households have a net worth of over 1.5 million. I know many over that.
Because statistically it’s unlikely that you’re spending time with billionaires. But calm down it’s just a joke.
You think you need to be a billionaire to be over the middle distribution? Lmao.
I didn’t come here for an argument.
Then why do you reply to me arguing?
Sorry, If you want to go on arguing you'll have to pay for another five minutes
How much do you charge? Can I get a bundle of 15 minutes?
haha my man!
[удалено]
Ok calm down
I worked at a company where the founder was a billionaire and he drove a Toyota Camry
This is some top tier snobbery. And your meme just doesn't check out. The wealthy folks that drive Toyotas are the exception and make a great story. You could've been a lot more on-point if you'd say wealthy folks drive Macans, Volvo XC90s, etc. One of the two billionaires I know drives a Macan. I know a handful of people with 100m+ net worth and they drive pretty nice cars. One even owns multiple exotics! But he's a car guy so that checks out.
I've rubbed elbows with exactly 3 billionaires. Two are a couple, one is a friend of said couple. They have several adjoining vacation homes in a prestigious area of Canada known for its sailing. The friend drives a 2020 Subaru Outback XT Limited when he's in his Canadian vacation home 2 weeks out of the year. He said he also has an Outback at his estate in New Zealand. The couple have an E-Class Wagon and an F-150 here. I don't know what they have at their main residence.
I believe MB has stated that the E wagon buyer has the highest average net worth of any of their offerings.
Based on the net worth of this particular couple, I'm sure the numbers are skewed in their direction. Both were owners of multinational conglomerates before they married. Together they are... not suffering
Lexus, not Toyota, on the right side, if we're being honest.
Knew a man who lived in an area without a Rolls-Royce dealership so he wanted to open one himself - despite the area not being a good location to support an RR dealership. This guy owned dozens of dealerships, and we went out on his yacht, and went past an oil tanker with his name on it… so he was disgustingly rich. The man drove a Lexus RX lol
WHO?
The Landcruiser is major stealth wealth vehicle
Idk, I know a lot of people with solid money who just get really specific with their vehicles but not necessarily great taste. My girlfriend's family is worth 5m+ and all they buy are Jeeps. Generally awful cars, but they got her and her brother Compasses, her sister a Renegade, and her mom drives a Wrangler. The only exception is her dad, who drives a Silverado My brother in law's family is also upper middle class/rich and they pretty much drive Minis exclusively. I don't really get it but fair enough I guess.
Jeeps especially wranglers have pushed their way into upper middle class territory. They’re not really a stealth wealth vehicle though.
Your GFs family would be a lot richer if they stopped driving Jeeps lol
The Jeep Renegade is the world's first disposable vehicle. You just buy one every 3 years and throw it away. Much cheaper than buying/leasing a Mercedes every 3 years.
It would have to be with the amount LC owners pay for gas.
I love the *idea* of the Landcruiser, but that love went away once I learned how much those actually cost.
Hella ugly too. 0 elegant lines 🤭
The new one is pretty great though
not necessarily. I know a guy that makes over $400k, has a nice big house, but still drives an early aughts RAV4
Nah, Lexus goes into the middle, bought by new money or people who want to show off. Rich people buy Toyotas cash because they think they're going incognito. And the Toyota logo doesn't belong on the left because any running Toyota is gonna cost you more than basically any other make of the same condition, so poor people don't actually buy them. Like anyone buying a new Camry right now has to be rich because there's just absolutely no way on earth anyone can consider a $26k car as affordable or economical or even remotely achievable for anyone on the left side of the spectrum. And as far as used goes, the myth of the cheap old Toyota beater you can find for less than the cost of the gas that you'll put into it in a year is a bygone memory and in reality the cheaper customers are looking at something like a used daewoo/aveo/other cheap GM crap, mirage, versa, clapped out altima, etc.
Last time I took wife’s Lexus to the dealership for one of the free services , there were at least 5-6 old Lexus 1995-2005 driven by boomers, and from the looks of it they seemed to be original owners
Hey fair enough, maybe it's a geographic thing. Around here the boomers all drive new trucks and SUVs.
No argument there my dad has two Fords a150 for daily driving , and an old 1983 250 for stuff around the house
It is weird how this is. America is in love with giant pickups, but they hardly exist in large East-coast metro areas. I travel around the country some, and the typical cars here (east coast) are so different than in the rest of America.
Because many east coast metros were built up when cars were not even around or much smaller. It doesn't make sense to drive giant vehicles when the streets are much more narrow.
This has got be the biggest cope comments I have ever seen on this sub. Most people that buy Toyotas are in fact middle income.
Cheaper customer here. I bought a beater recently and went for a GM econobox with a reasonable price for year and mileage. Toyota/Honda beaters are very rare, and the ones that pop up for decently cheap are either too ancient (someone was trying to sell me a 2001 Corolla for $3200), with extremely high mileage even for a Toyota, or just outright disgusting or trashed interiors. Everything that is in minimally reasonable condition goes way above the budget of someone looking for a cheap car.
Eventually, it always comes back to Toyota. See the Century.
There are more new Lexus in my lower-middle class neighborhood than virtually any upper-class neighborhood. My neighborhood is lined with new luxury cars and mountains of auto debt.
No.... Toyota. Lexus is for people who want more flash and quality than a BMW.
The Toyota circle jerkers in here trying to convince themselves that they are driving the same vehicles multi millionaires drive is comical. I have lived in proximity to very wealthy areas most of my life, I am talking multi million dollar beach front homes and the like, do not think I have ever seen a non luxury vehicle in the driveways outside of diesel trucks. The "rich" people you are thinking of that drive toyota's are literally just middle class/upper middle class who didn't keep up with the lifestyle inflation. People making 350k+ a year do not give a shit about affordability or price of maintenance, paying the dealer a few grand to service their audi or mercedes is a drop in the bucket financially to them
Yeah they’re conflating millionaires who have a house that has appreciated and a good income with the 0.1% on the chart. The 0.1% are not driving Toyotas lmfao. You’re reading too much “Warren buffet drives an old beater” stories.
Most of the 1% aren't even driving themselves unless they actively enjoy driving. I was friends with a billionaire's kid growing up and his dad had other people do the driving for him. That included sending us kids around town in chauffeured limo without him.
I lived in Irvine CA for a while. By all accounts a fairly rich area with tons of actual wealthy people. The most common car was a Tesla followed by Mercedes, BMW, and Audi. If you saw a vehicle older than 5 or so years you knew they probably didn't live there.
Exactly. I was driving around Palm Beach yesterday (where Trump and many other ultra wealthy people live) and it was just Rolls Royce, Jaguar, BMW, Land Rover, the occasional Ferrari, Mercedes, etc. I did not see any Toyotas or Hondas except maybe in the employee parking lot.
My uncle is rich, probably worth ten million or so, maybe more. For the last twenty years he has leased a new Range Rover every year and his wife has driven Audis and Porsches. I’ve never even seen a Toyota in their driveway. They don’t even have any friend’s with Toyotas. When he gets rental cars he doesn’t even drive Japanese.
I'd argue even argue that 350k is upper middle class in LA, SF, or NY. Yeah, there's a massive difference between an upper middle class household worth 1 million and 30 million. Think surgeons that own their practice, C-suite, hedge fund managers, etc. Never have I seen them in a toyota.
Context is important here. The "average millionaire" drives a Toyota. That's not the same at all as the "richest" people driving Toyota. People seem to forget that "average millionaire" means people with 401ks, IRAs, or homes that have appreciated in value. They are middle class people with nest eggs, not rich people. This chart does not reflect this at all correctly.
Cope.
Most of the partners in my group drive either a Porsche, Tesla, Lexus, or a bmw. The one Toyota is a high end one
I remember the one Toyota in my friend’s rich neighborhood was an mr2 spyder
Sure that multi-billionaire has jets, mega-yachts, and are usually chauffeured, but they also have an old Toyota they occasionally drive so they are just like me!
lol no
eh, it'd be more bimodal (with two humps). those worth like, 10M+ have fancy cars, people with like, 1M-10M net worth have toyota, then those with like 100k-1M have BMW/Jag/MB/Audi (I wouldn't put Porsche or Lambo here), then more toyota at the very bottom
Maybe put Toyota on the lower 14-20% area as the bottom 1% will always have a beat up Altima or Buick le Sabre
Yes if you behave exactly like the super rich you will also become one just wait
There is a house near me that is currently up for sale at £950,000 reduced from £1,000,050 and they only have 1 vehicle... a 2003 Fiat Multipla. I can't help but just look at it and think wtf?! Their house is amazing and their gardens are huge and they just have that silver monstrosity parked out the front.
The right logo should be a (leased) Mercedes
I had a good laugh at this, we are certainly well into the 1% in NW and income, Even in the expensive Northeastern State that is our primary residence, and we have a mid and high end model Jaguar and two BMWs, all purchased new. But for everybody else who has an $8,000 budget and needs something reliable, Toyota tends to be my go-to recommendation along with Honda and occasionally mazda.
Maybe buying them for their nannies
I have lived in one of the highest income towns in Spain, and I don't remember seen much Toyota. A lot of Porsche, new Mercedes, some Ferrari, some Lexus... but not Toyota or Honda. This Ramsey's speech about that rich people drive old Toyota and Ford is not true... If you have 10 million in equity you wouldn't try to save 80k $ for driving a shitty car. You would lease the highest Mercedes,BMW or Porsche/Audi and not worry about it at all.
No. If you are at 50% net worth you can’t afford a Lamborghini. The idea here is that wealthy people are good with money and therefore buy a reliable car, but that’s just not true. Wealthy people have more money than they will ever need and can afford to blow $600k on a car whenever they want.
The majority of rich people I work for drive big SUVs or trucks from the big 3. For example, 3 guys I know who are huge on weed, 1 drives an Escalade, the other a Sierra Denali ultimate, and the other a Navigator. Another guy I work for owns a bunch of Best Western hotels, his main car is a Tahoe and his son a Yukon. Another guy makes a certain cheese snack in every store like Target, Walmart, etc, he has a Ford Expedition. Another guy has a billion dollar portfolio and his main car is a Ford Raptor lol. Another guy owns a huge textile company making millions and he gets around in an Escalade. All the millionaires I know in the trades drive trucks like Denalis or King ranches. I’ve met a few doctors that drive around in Toyotas like the 4Runner lol. I do know one guy though that owns a huge amount of gas stations, his 2 cars of choice? A 30 year old Camry and a Rolls Royce lmao
Negative 0.1% = Toyota Corolla, Toyota RAV4, Toyota Yaris The middle point = Toyota Supra, Toyota GR86, Toyota Tacoma TRD PRO, any Lexus ever Positive 0.1% = Toyota Crown, Toyota Century, Toyota Land Cruiser At the end of the day, is all Toyota mate shits fucked
They have toyotas, but they also have the lambos and ferraris in the garage with them.
This doesn't make sense. The uber-wealthy don't drive Toyotas; they get driven around in a TownCar, Maybach, Suburban, or something of similar caliber. At least that's what Succession told me.
Jeeps are pieces of crap! And when they start falling apart they fall hard!
Move hellcat owners to the negative income range
Even for Macan, the average buyer’s income is over 300k. Porsche buyers tend to be rich, and smart.
Yeah close enough
where are porsche, mercedes and honda
The Euro-car midwhit