What Cars Do Millionaire Drive

As I was studying to make this video about the cars the Millionaire drive, I learned a lot more than I expected. Honestly, I kind of felt a little dumb, because looking back I can see how much I was being influenced without knowing.
If you asked me this question a few years ago, I would say BMW, Mercedes, Porche, you know the expenses kind, and average most people that are rich are pretty young, have a lot money, and have some Hot wives. ( you probably think what a weirdo )
So Let’s break this down with the Facts and research. I really want to make this video because cars are one of the biggest wealth traps in America, its how you turn a Dollar into 50cent in less than 5 years.

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Chapters:
0:00 INTRO
2:48 MILLION DOLLAR SURPRISE
4:55 ONLY FOR THE 1%
6:02 TOP CARS FOR Millionaires
7:33 BEST CAR BRANDS
12:27 BUY QUALITY NOT STATUS SYMBOL
15:00 OUTRO

The first thing I was amazed to Learn was this

Millionaires drive the same exact cars as Me and friend

You might think Tommy you drive a Mercedes and maybe he drives a BMW

Um no, the first vehicle I ever got was an electric bike and the second was a Toyota Prius 2014 and my friend drives a Honda CRV 2011

So you guys must obviously not be successful:

He earns a little over 200k a year which only 1% of people in America do btw ( something new I learned )

And I also earn a little bit above that too

And I’m telling you this because all we do is copy the habits of rich people

Another interesting fact I found out, is that the average millionaire never earns more than 100k per year ( so we just happen to be very lucky )

When you break it down:

Millionaires with a net worth of at least 1M

They look for Quality ( not Perception )

At a Good Price

So their favorite Cars are as Follow: Ranked

Toyota ( they like CAMRYS and Avalons )

Honda ( especially Civics )

Ford ( Ford F-150 is very popular )

This study is from 2016 ( so I don’t recommend you just blindly pick these brands, but just follow the pattern – quality and Price )

How Do you Research Which Cars are The Best

Millionaires use Customer based surveys

Like companies like JD Powers that review cars, even after 3 years of being release

When buying a car, they find out the dealer Cost first, they can negotiate appropriately

Obviously we do this because these brands are great today, but tomorrow you might have a cheaper brand that its just as good ‘

So here is the research for 2021 ( I know currently its 2022 but the year is not over )

Ranked 1 Lexus

Ranked 2 Kia

Ranked 3 Toyota

Cars are the Number 1 wealth traps in America

The average millionaire is around 62 years old and only about 1% of them are 35 years old or less

So when ever you see those people flexing on Instagram with fancy cars, fancy houses, and fancy wives

Just remember maybe they are apart of the 1% but most likely this group is called aspirational

They want to be noticed and want to look rich

So they get big mortgages

Lease nice cars

And marry for looks

Don’t fall for it:

The best cars in America are not the fancy ones
Their quality made, price focused and affordable cars out there
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*Some of the links and other products that appear on this video are from companies in which Tommy Bryson will earn an affiliate commission or referral bonus. Tommy Bryson is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. I’m an Accountant but I’m not your Accountant, always review information with your Accountant/CPA and your Financial Advisor.

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