Last post on Jan 28, 2013 at 5:55 PM
You are in the Sedans
What is this discussion about?
Audi A8, BMW 7 Series, Jaguar XJ-Series, Lexus LS 460, Mercedes-Benz S-Class, Volkswagen Phaeton, Maserati Quattroporte, Mercedes-Benz CL-Class, Sedan
Let's try to define this forum as being limited to luxury performance vehicles where the mainstream version in a typical configuration has an MSRP of at least $60k.
A luxury vehicle with a base price of $59k qualifies because it would typically be bought with some additional equipment, bringing the MSRP over $60k.
Vehicles like the E, 5, A6, M, or GS, even if available in certain versions over $60k, don't qualify because they are cars from companies that have higher end cars in their lineups.
#22362 of 24726 So what does the Millionaire Next Door Drive?
Dec 18, 2006 (5:35 pm)
HELCS are associated with affluence? Think again.
"The Millionaire Next Door" has been written ten years ago and here is an update about which car brand is Numero Uno among millionaires.
They don't drive away wealth. The No. 1 make of car owned by millionaires in 1996 was Ford. Today, it's Toyota, according to Stanley's new study. Luxury brands do not top the list, and many millionaires, 37 percent in 1996, bought used cars.
"There's certainly something about buying used cars," Stanley said. "Today, they're a little more likely to buy new cars. But what they'll do is buy a $22,000 Toyota and keep it a long time."
2) And how do BMWs rank among millionaires? In fact what is written below is relevant to not only BMWs but HELCs in general:
Stanley's research shows high-priced cars seem to be wealth-repellant.
"What's interesting about spending is that everybody thinks all the millionaires in America have BMWs. Even among the highest income levels, about 60 or 70 percent have never owned a BMW," he said. "I think BMW is a great car. I'm a car guy. But I won't buy one because there is a relationship between wealth and how much people spend for cars. There's no doubt about it. It's a significant relationship."
They don't care about the Joneses. "In a lot of the surveys we've done, you find people making 200 grand a year, which is in the top 2 percent of American households, and they're not happy," Stanley said. "Those are the people who are living in neighborhoods where the median income is $300,000. That's the problem. I don't think people really understand that. The people who try to keep up with the Joneses and ahead of the Smiths, well, they are the Smiths. They don't get it."
#22363 of 24726 Re: ? [dhamilton]
Dec 18, 2006 (5:59 pm)
I've been to busy pedaling my liberal agenda to ever track down my sign. July 5, what's that make me Dman?
Dont worry on this side of the border all liberals wear their beliefs like a badge of honour.
#22364 of 24726 Re: ? [dhamilton]
Dec 18, 2006 (6:12 pm)
July 5, what's that make me Dman?
Which sign? Uh-h... Merging Traffic?
I can assure everyone I will not be going into the Astrology business.
#22365 of 24726 Re: So what does the Millionaire Next Door Drive? [dewey]
Dec 18, 2006 (6:29 pm)
Interesting. I know several people who who are always Jonesin. One guy knocks out 1.5 mil a year and his wife is always moaning about people in his company who do 3... stock market.
Here check this one out. When you look at global wealth I think many of us should consider ourselves very fortunate.
…assets of just $2,200 per adult place a household in the top half of the world's wealthiest. To be among the richest 10% of adults in the world, just $61,000 in assets is needed. If you have more than $500,000, you're part of the richest 1%...
Global Study on Wealth
#22366 of 24726 Re: So what does the Millionaire Next Door Drive? [designman]
Dec 18, 2006 (6:34 pm)
Wow now I feel really rich. Well at least for a few minutes.
Now if only I bought a used Toyota instead of a BMW I would be even richer
#22367 of 24726 Re: So what does the Millionaire Next Door Drive? [dewey]
Dec 18, 2006 (6:46 pm)
"People in the top 2 percent... and they're not happy."
Yeah. It's the same old story.
Who said money and happiness correlate positively?
My son-in-law makes 10 mil a year and always looks miserable.
How many of the mega-buck show business types are walking train wrecks?
Lucky are the folks who glow from within.
#22368 of 24726 Re: Aw shucks, nobody wants to talk astrology and accidents? [designman]
Dec 18, 2006 (8:46 pm)
Sorry to take so long to get back to you on this... but, like merc, I am also an Aquarius.
#22369 of 24726 Season's Greetings to all.
Dec 18, 2006 (8:56 pm)
I'm leaving with the family 4am Wednesday morning, and I'm busy with last minute stuff. Yes, this year it's Christmas with the in-laws and the wife's relatives. Pray for me.
Anyway, if I can sneak a post in now and then I will. Otherwise I'll visit back shortly after the New Year.
So... in that case, it's Merry Christmas, Happy Holidays, and Happy New Year from TagMan to ALL of you good folks here at the HELC(M) forum... hosts included.
Hope 2007 is good for all of us, and I know I'll be more careful with my driving from now on since my astrological sign might be prone to speeding. So THAT explains it.
God bless to all and your families, too.
#22370 of 24726 Re: Season's Greetings to all. [tagman]
by Karen@Edmunds HOST
Dec 19, 2006 (5:59 am)
Prayers being administered for a pleasant visit. (Hint: Eggnog, heavy on the bourbon, helps some.) Fingers crossed for safe travel. (Should we install a speed governor on your shoe?) And a happy holidays to you and your family.
And speaking of inlaws, I came across this joke.
Q: What is the definition of mixed emotions?
A: Watching your in-laws go off a cliff
in your new (insert your preferred HELC here).
#22371 of 24726 Re: So what does the Millionaire Next Door Drive? [hpowders]
Dec 19, 2006 (6:11 am)
My brother makes 7 figures/year, show-biz. His pride and joy "New" car? 1986 Chrysler Lebaron (and not restored, nor the TC Maserati by Chrysler) convertible. Replaced his beloved '72 Buick Skylark junker. Clothing? If you saw him you may just give him a hand out. And he's pretty darn happy. His wife? Land Rover LR3 and EVERYTHING she touches (and I mean EVERYTHING) has a Euro-designer label.
Me & the Mrs? Acura and Lexus. So no BMW. Soon, maybe I'll be the Millionaire Next Door? Nah, probably buy a Bimmer first...