Quick Answer: How Many Cars Do Millionaires Have?

What are the top 5 vehicles owned by millionaires?

  • BMW 328i.
  • Mercedez-Benz C-Class.
  • Lexus RX 350.
  • Toyota Prius.
  • Volkswagen Jetta.
  • Honda Accord.
  • Toyota Camry.
  • BMW X5. With a suggested retail price of $58,595, the BMW X5 is the priciest ride on the list of 10 most sought-after rides among the richest Americans, according to TrueCar.com.

What vehicle do most millionaires drive?

Top Vehicles Owned by the Rich

Other mainstream vehicles favored by the wealthy include the Jeep Grand Cherokee, the Jeep Wrangler, the Honda Civic and the Honda Pilot—the most expensive model of the group, with a manufacturer’s suggested retail price (MSRP) starting at $30,595.

Do millionaires drive new cars?

That gives a whole new meaning to the idea of “the millionaire down the street,” doesn’t it? The top 10 cars for $250,000-plus households include the Mercedes E-class, the Lexus RX 350 and the BMW 5 series and 3 series. Following those top four were three Hondas, a Toyota, an Acura and a Volkswagen.

How much of your net worth should you spend on a car?

It all starts with what we call the 20/4/10 rule, which says you should: Make a down payment of at least 20%. Finance a car for no more than four years. And not let your total monthly vehicle expense, including principal, interest and insurance, exceed 10% of your gross income.