“If I ever get rich, I’m going to buy a sweet new car,” you’ve probably thought to yourself. Perhaps you have a specific model or make in mind — something only rich people can afford, such as a Ferrari or Lamborghini. Maybe you want something more practical, such as a Tesla, but only if you had the money to afford it, right? Well, you’d be surprised to find out how the other half lives.
In many cases, rich people make pretty much the same decisions the average Joe does. They, too, eat fast food. Rich people buy the same brands of cat litter. And when it comes to choosing a car, rich people often spring for the same model as average earners.
That’s right: Just because people make a lot of money doesn’t mean they’re looking to buy a luxury vehicle. Even Warren Buffett, one of the richest people on the planet, drives a Cadillac — a fairly thrifty option considering the amount of money he has.
So, what vehicles do rich people like to buy, if not super high-end sports or luxury vehicles? The list will surprise you — because it’s composed of mostly average-priced vehicles. There’s a lesson there, too. Just because you have a lot of money doesn’t mean you should spend it.
A new study by the consumer research firm MaritzCX looks at the cars purchased the most by people who earn more than $200,000 per year. That’s the definition, for our purposes, that we’ll give to “rich people.” Using the data from MaritzCX’s study, here are the top 12 models the rich favor. No. 5 can be had for under $20,000.