When it comes to what rich people drive, the answer may surprise you. According to a study by Experian Automotive, a lot of wealthy folks simply don’t drive fancy cars. The study found that for people with household income of more than $250,000, 61% don’t drive luxury brands. Instead, they opt for the same cars as the rest of us, such as Toyotas, Fords, and Hondas.
This finding is supported by other studies as well. For example, a survey conducted by Insure.com found that wealthy people are more likely to drive practical cars than luxury cars. The survey found that the most popular cars among wealthy people are the Honda Accord, the Toyota Camry, and the Ford F-150.
So why don’t wealthy people drive luxury cars? It could be that they don’t want to draw attention to themselves. Luxury cars are often seen as a status symbol, and wealthy people may not want to flaunt their wealth. Another reason could be that luxury cars are expensive to maintain and insure. Wealthy people may prefer to save their money for other investments.
Whatever the reason, it’s clear that wealthy people don’t necessarily drive luxury cars. They may prefer to keep a low profile and opt for practical cars that are more affordable to maintain. So the next time you see someone driving a Honda Accord, don’t assume they’re not wealthy. They could be part of the 61% of wealthy people who don’t drive luxury cars.