IKEA founder worth $28B and his daily driver is a
04-29-12, 03:02 AM
#31
Lexus Test Driver
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If you're not into cars, there's no reason at all to blow way too much money on something you don't care about. I'm sure there's plenty of good Volvo mechanics and good parts supplies in Sweden to keep those older cars on the road. One of my uncles is a huge fan of the older Volvos because he had severe back problems and the seats in the Volvos were the best of any car he had ever driven and made his back problems go away. He only finally got a newer one because the older '80's one he had ceased to be repairable.
04-29-12, 04:41 AM
#32
But wouldn't you at least want a reliable, safe, and comfortable mode of transportation even if you're not into cars? Instead of one that could break down at any moment, likely has some non-working features, and is probably unpleasant to drive.
I'd have nothing to say if a billionaire drove a current Camry, but a 20 year old wagon? C'mon.
I'd have nothing to say if a billionaire drove a current Camry, but a 20 year old wagon? C'mon.
04-29-12, 05:10 AM
#33
Can't see what the fuss is about. Volvos have always been very safe cars but that's not the issue. Cars may hold no interest for him (surprisingly, he's not alone in this) and may feel that it's a waste to discard a perfectly good car for something newer. It's like having a favourite pair of comfortable shoes you wear for years and don't want to throw out.
04-29-12, 05:20 AM
#34
In south Florida, there are high end cars everywhere. Many exotics too. It's one of the things I like about living here.
There are also many more people of wealth and means who drive cars that don't match their wealth. They are the smart ones. We're the dummies who spend significantly on a rapidly depreciating product. The wise ones just want to get where they're going and back.
There are also many more people of wealth and means who drive cars that don't match their wealth. They are the smart ones. We're the dummies who spend significantly on a rapidly depreciating product. The wise ones just want to get where they're going and back.
04-29-12, 10:52 AM
#36
I'm aware that Volvo have been on top when it comes to safety, but still, newer cars are safer. Not to mention when cars get older, chassis, subframe and everything is getting weaker and rusted if not taken good care of.
At the end of the day, it's his money, he can get whatever he wants.
At the end of the day, it's his money, he can get whatever he wants.
04-29-12, 11:05 AM
#38
Pole Position
I don't think vehicle safety is driven by demand from consumers, it's driven by government mandates. Sure, to the consumer, safety is nice to have but the only reason they appear on todays cars is because the government says so, not because that's what consumers want.
04-29-12, 11:26 AM
#39
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Ain't it the truth? Not everyone really gives a crap about the car they drive (half these people are probably traveling the world most of the time and getting driven about in limos anyway). Now the article doesn't mention what types of homes, boats, private jets, vacation spots or islands these folks have. At this level of income a car is like your cell phone... it's incidental to the more important things in your life and not a real focus.
04-29-12, 11:55 AM
#40
I may be wrong, but I think both are factors. I see lots of competition between manufactures on safety that I did not see 25 or 30 years ago. That not all cars that meet Government requirements have equal safety ratings, even in a particular class, implies competition is driving safety beyond the regulations.
04-29-12, 12:18 PM
#41
Lexus Test Driver
Thats probably how he got so rich, spending very little but earning alot. If it were me I would buy something modern but maybe he doesn't like anything else. Or maybe thats the car he wished he could get one day or maybe it was a car someone close to him drove, etc , etc. At the end of the day it is silly to me but hes the one with the BILLIONS, so Im irrelevant to him.
04-29-12, 01:46 PM
#43
From what i've seen, rich people differ from the extremely rich in that rich people show they have money, the extremely rich have nothing to prove. Maybe it's where i am, but while rich people are paying monthly car payments to lease brand new beamers, lexus, and mercedes, the really rich ones have older models, anywhere from late 90's to 08's, lexus' bmws' and mercedes that they payed up for upfront and see no reason to get rid off. I know a doctor who is definitely one of the wealthiest in the area and he drives a 1994 black lexus ls400, got it brand new in 1993. His son asked him why doesn't he get a new one and he said "why would i get a new one if mine is already paid, does everything i need it to, and still looks good"
04-29-12, 10:31 PM
#44
A couple of reasons I'm throwing out there, either he's keeping it for sentimental reasons or he doesn't want to deal with new technology in modern cars. If he's driven that same car for over 20 years, he'll get lost inside of a new car.
What I'm wondering is, what does he spend his money on, if he doesn't even buy a new car?
What I'm wondering is, what does he spend his money on, if he doesn't even buy a new car?
04-29-12, 11:55 PM
#45
Lexus Fanatic
you cant take it to the grave. Sentimental or not if it was me I would be driving at least a new S class. To each his own but I can only speak for me. I want to be safe, comfy, and pampered. If I made money like that I would think I deserved more than the old Volvo.