10 Cars Millionaires Buy Instead of a New Tesla
Most people assume that once you start earning more, the next step is a flashy upgrade, usually a brand-new car that shows you’ve made it. A Tesla often feels like the obvious choice. But if you look at what many millionaires actually drive, the pattern is different. They tend to skip the attention-grabbing options and choose cars that hold value, stay practical, and make more sense over time.
Toyota Camry
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You might find a Toyota Camry in the garage of someone who has built significant wealth over several years. This car runs reliably for years with minimal issues, which cuts down the overall spending. That allows owners to avoid unnecessary financial strain and focus their money on areas that generate better returns.
Honda Accord
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The Honda Accord stands out for its reliability over time. It is the kind of car people keep for years without worrying about constant repairs. Many run well past high mileage and still stay dependable. Instead of replacing cars often, owners stick with something that keeps working, which also helps keep maintenance and overall costs under control.
Ford F-150
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The Ford F-150 works for people who need one vehicle to do everything. It handles daily driving, heavier tasks, and hauling without needing a second car. That flexibility can save money over time. Its long-running popularity also says a lot about how dependable it has been for years.
BMW 3 Series
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Many buyers skip a brand-new BMW 3 Series because it loses value quickly in the first few years. Instead, they wait and buy it used, once the price settles. That way, they get the same driving experience without taking the biggest hit. The trade-off is maintenance, which tends to cost more, so it helps to plan for that upfront.
Acura MDX
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For families that need space, the Acura MDX covers the basics without overcomplicating things. It offers three-row seating and dependable performance without excessive maintenance. It shares its engineering with Honda and supports durability over time. The MDX also features advanced safety systems, a smooth V6 engine, and a well-designed interior that prioritizes comfort on longer drives.
Subaru Crosstrek
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One of the primary reasons why the Subaru Crosstrek is appreciated by millionaires is its resale value, which remains strong even after several years of use. In many cases, a Crosstrek can retain around 60% to 70% of its original value after five years, based on condition and mileage. That level of retention allows purchasers to recover a larger portion of their initial spending.
Lexus ES
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Built on Toyota engineering, the Lexus ES avoids many of the common issues seen in luxury vehicles, especially those related to performance and high servicing costs. It tends to have fewer engine and transmission problems compared to other luxury sedans. Individuals also deal with lower repair frequency and more predictable expenses.
Used Mercedes-Benz S-Class
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Much like the BMW 3 Series, the Mercedes-Benz S-Class attracts individuals who prefer to avoid steep early depreciation by delaying purchase. This strategy makes timing a key part of the decision. A Mercedes-Benz S-Class loses a large portion of its value within a few years. Buyers who understand this delay their purchase and acquire the vehicle after prices drop significantly.
Toyota Corolla
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It is not unusual for people to keep a Toyota Corolla for a long time, often around 10 to 15 years or more, which already says a lot about its dependability. This time period is a result of the Corolla handling daily driving without frequent issues, and that helps build trust among drivers. As a result, there is less pressure to upgrade frequently.
Ferrari 812 GTS
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The Ferrari 812 GTS plays in a completely different space from everyday cars. It is built in limited numbers and draws strong interest from collectors, which helps its value hold steady or even rise over time. For some buyers, a car like this is not just about driving; it becomes part of how they store and grow their money.