7 people I know IRL on >$100K drive an old Toyota Corolla - does this surprise you???

[WelshAutist]

2 doctors
3 dentists
1 charted chemical engineer
1 senior biomedical scientist in *****


Every single one of those guys drives a Toyota Corolla ranging from 2001 to 2009 (the newest) and none of them were bought from showroom. All of them second hand with between 45,000 and 90,000 on the clock and will probably run them until 150,000.

4 of them own homes and are married, 3 don't yet and live at home with parents but have a lot of cash saved up in the bank to put down a large upfront house deposit to get a shorter mortgage.

Engine sizes range from 1.4 to 1.8L and the interior is pretty grey, old cloth and there's very few options on each car.



I talked to one of the brahs today who said that if he's driving from home to dental practice or the others from home to hospital on weekdays, and from home to supermarket on weekends, does he really need a BMW M3 to do that?

He said by not getting an expensive car and literally only dropping $3,000 on a commuter car (Toyota Corolla considered the most reliable car in the world according to him) that will run him 6 years, he was able to put down a larger deposit on his home and while a 2014 3-Series brah might have a 40-year mortgage for example or even have to rent because he can't afford a mortgage, he's looking to pay his off in 20, possibly even 15 years. Qualified at 24, started as a dentist after 1 year training at 25, so by 40-45, he will be mortgage-free and able to build a second and third home every 5 years @ 30, 35, etc by re-mortgaging the first and renting/flipping.



I was really mirin' simple lifestyle hard and honestly never considered this way of life before. Maybe because Misc tainted my views with all the "No Porsche 911, no care" and "You haven't made it unless you drive a Carrera 4S" posts, but I was genuinely very surprised that several people on 6 figures with stable jobs drive old and reliable, low maintenance and low cost cars when they can hypothetically afford a Porsche!



What do you drive Misc? And does it surprise you that said people on 6 figures drive an old Toyota Corolla?

[CremePie18]

buy a house you can barely afford and buy a car you can afford to buy the very next day if you had to crew.


Until I'm ballin out of control then cash money strippers.

[JonEh10]

Different strokes for different folks.
These guys probably see cars as A to B appliances. More power to them.
Other people who are car enthusiasts want to have a toy for themselves and have fun etc.

[WelshAutist]

Different strokes for different folks.
These guys probably see cars as A to B appliances. More power to them.
Other people who are car enthusiasts want to have a toy for themselves and have fun etc.

I just spoke to my dad on the phone and basically gave him IRL cliffs on the thread I just made (lmao inb4 strong life)

He said that when he got his first job and just before he got his first mortgage, he also bought an old Toyota Corolla as his first car and had it 3 years

Currently, he has a property portfolio and drives an SL63 AMG...

His advice was to get the stability of life first. House. Wife. Kids. Promotion. Savings. Have the fun later. My dad is the biggest Mercedes lover and most knowledgeable car person that I know!

[Hctap]

Interesting, but it's not something I could do. I get alot of enjoyment out of driving my car, and if I had a chit heap I wouldn't look forward to my commutes etc.

[MrMeca]

Doctors that live at home with their parents? Wat


I do well over a hundo and I rock a truck and an accord hybrid. I'm selling the truck later this year to get a hellcat or Z06 and I'll literally drive the accord until the wheels burst into flames and fall off of it. I put about 30k a year on the accord so the gas savings is phenomenal.

[EnderG60]

Some people can waste all their money no matter how much they make. Others dont give a crap about flashing bullchit and just live and arent retarded with money. Just remember poor is a mentality, not an amount of money you have.

[SoutheastBeast1]

Yeah but that drug dealer down the street just bought some sick rims for his range rover OP

[WelshAutist]

Interesting, but it's not something I could do. I get alot of enjoyment out of driving my car, and if I had a chit heap I wouldn't look forward to my commutes etc.

If you don't mind me asking - what do you do, how much do you make and what do you drive?

I used to think exactly like you. I am 25, make £40,000/year with 6-7% annual bonus and drive a 2012 BMW 5-Series.

Not that it has affected me in getting a house deposit since my car is nearly 5 years old and has 60K on the clock so only cost me £12K so I have plenty of cash left for a deposit.

But I could have had an extra 10K towards a deposit had I got a 2006 Toyota Corolla, parts and insurance and servicing would have saved me atleast 1-1.5K a year, and more than likely I will upgrade my BMW after 3 years whereas Dentist brah on double what I make will keep his Corolla for 6 years

[AndYUKnowThis]

Different strokes for Different folks, just because they don't buy expensive cars doesn't mean they don't spend money. Most likely they spend thousands on golfing, collecting wine, crazy vacations etc. And if they aren't doing anything with that money then I feel sorry for them because you can't take your bank account with you.

I'm a car enthusiast, so I'm gonna buy nice cars. Golf? Why do people play golf? Looks boring as hell.

Again, different strokes for different folks.

[WelshAutist]

Doctors that live at home with their parents? Wat


I do well over a hundo and I rock a truck and an accord hybrid. I'm selling the truck later this year to get a hellcat or Z06 and I'll literally drive the accord until the wheels burst into flames and fall off of it. I put about 30k a year on the accord so the gas savings is phenomenal.

I am an oil consultant that lives at home. If I don't get a girlfriend, next year I will be an investment banker that lives at home lol in my dad's house in London instead of my mum's house in Wales.

I don't see what's wrong with being a young unmarried doctor (27-30) and living at home until you put down £80,000 upfront on a £400,000 retirement house (20% deposit)

Also, given that me and said brah's in the OP live in 5-bedroom detached houses with a garden, etc, there is actually plenty of space for us to stay there and co-exist with our parents. For example, in my house, I live upstairs and my mum lives downstairs.

[omg_otters]

^ implying he would ditch his self-professed dream career in IB for some sloot troll

Different strokes for different folks.
These guys probably see cars as A to B appliances. More power to them.
Other people who are car enthusiasts want to have a toy for themselves and have fun etc.

Repped, this is it.

Doctors and dentists don't give a fuk about the car they drive (or the size of the arm hanging out the window.. heheh). They have nothing to prove in that respect. Also they probably barely drive, what with working all the time.

A lot of people I know that earn very high salaries are also very frugal people. And buying an expensive car is pretty stupid unless you can truly afford it and don't mind wasting money.

[Ratfish]

it surprises me that a doctor or engineer would not drive a car that would fare better in a collision

i suppose where you are most cars are that size however, so there is less of an arms race

[Kreuzritter]

100% of all people who drink water die OP... are you surprised? well you could make $100,000 a year like my friends mom did not drinking water and taking this special pill. click here to find out more.

[WelshAutist]

Different strokes for Different folks, just because they don't buy expensive cars doesn't mean they don't spend money. Most likely they spend thousands on golfing, collecting wine, crazy vacations etc. And if they aren't doing anything with that money then I feel sorry for them because you can't take your bank account with you.

I'm a car enthusiast, so I'm gonna buy nice cars. Golf? Why do people play golf? Looks boring as hell.

Again, different strokes for different folks.

They have a GOAT tv, surround sound, go on nice relaxing 2-week 4* package holidays, but they aren't big spenders otherwise. Not really on hobbies and passions like some brahs are claiming on driving and sports.

Their biggest cost is the house and paying off the mortgage quickly. Otherwise they are quite tight, even frugal and prefer to save cash. That bit doesn't surprise me, but I always associated Dentist with Porsche and Doctor with fully loaded Audi and Engineer with Mercedes

[JoshSP1985]

^ implying he would ditch his self-professed dream career in IB for some sloot troll



Repped, this is it.

Doctors and dentists don't give a fuk about the car they drive (or the size of the arm hanging out the window.. heheh). They have nothing to prove in that respect. Also they probably barely drive, what with working all the time.

A lot of people I know that earn very high salaries are also very frugal people. And buying an expensive car is pretty stupid unless you can truly afford it and don't mind wasting money.

Yep expensive cars are way way up there on frivolous things you can buy. Assuming similar reliability a more expensive car doesn't do anything any better than a cheap car unlike other things that actually function better when you spend more money on them hell even including **** like kitchen appliances.

[AndYUKnowThis]

^ implying he would ditch his self-professed dream career in IB for some sloot troll



Repped, this is it.

Doctors and dentists don't give a fuk about the car they drive (or the size of the arm hanging out the window.. heheh). They have nothing to prove in that respect. Also they probably barely drive, what with working all the time.

A lot of people I know that earn very high salaries are also very frugal people. And buying an expensive car is pretty stupid unless you can truly afford it and don't mind wasting money.

This is wrong. Guy on YouTube called Docta M3 has a Lamborghini. There are hundreds of thousands of doctors, just because you see 1-2 driving Corollas don't mean they all are.

I just spoke to my dad on the phone and basically gave him IRL cliffs on the thread I just made (lmao inb4 strong life)

He said that when he got his first job and just before he got his first mortgage, he also bought an old Toyota Corolla as his first car and had it 3 years

Currently, he has a property portfolio and drives an SL63 AMG...

His advice was to get the stability of life first. House. Wife. Kids. Promotion. Savings. Have the fun later. My dad is the biggest Mercedes lover and most knowledgeable car person that I know!

Have fun later? I understand having fun later, but how late are we talking?

[Ratfish]

perhaps they don't want to have even more stones thrown at them when they commute through various sharia zones on the way to work

[dabbmw2002]

as it turns out, some people just have different priorities or don't care about cars.

I know tons of people who make great money who drive around in econ beaters

[jaygee15]

One of my best friends makes damn good money, owns around 30-40 cars, most of which are show cars, classics and customs, just bought a new f450... But he daily's a 90's chevy cavalier

[Zerafian]

no..people value different things. Transportation, as long as its safe, is possibly all they care about. Also, vehicles arent an investment and maybe they understand that. All you do is lose money on a car, unless your Jay Leno

[MrMeca]

I am an oil consultant that lives at home. If I don't get a girlfriend, next year I will be an investment banker that lives at home lol in my dad's house in London instead of my mum's house in Wales.

I don't see what's wrong with being a young unmarried doctor (27-30) and living at home until you put down £80,000 upfront on a £400,000 retirement house (20% deposit)

Also, given that me and said brah's in the OP live in 5-bedroom detached houses with a garden, etc, there is actually plenty of space for us to stay there and co-exist with our parents. For example, in my house, I live upstairs and my mum lives downstairs.

Maybe things are different across the pond... as long as you're happy that's all that matters

[eternalone423]

Buy a well-maintained second hand luxury car at new Toyota prices?

[WelshAutist]

Have fun later? I understand having fun later, but how late are we talking?

Well dad bought his Mercedes SL63 AMG for his 60th birthday, but his list of cars from a young age until he paid off his first mortgage were:

Toyota Corolla (Age 25)
Nissan Almera (28)
Honda Civic (34)
Renault Megane (37)

Since paying off house-mortgages and renting them out to grow more he's had:

Mercedes C220 (age 40)
Audi A5 (45)
Aston Martin Vantage (50)
Porsche Boxster S (55)
Mercedes S350 (58)


Currently Mercedes SL63 AMG

[AndYUKnowThis]

Everything we buy is a waste of money. There's no need for big houses with expensive furniture, crazy paintings, $3000 stainless steel Kenmore refrigerators, Granite countertops, there's no need for jewelry, there's no need for the newest computer, there's no need for the latest iPhone, there's no go out eating, etc. etc. Everything is a waste, why do people buy these things if saving money is the key? These Doctors/lawyers/dentists aren't living frugal if they have all of the above.

Living frugal is making $350k/year but only spending $60k max depending on the city, which you have no choice but to spend more on rent.

Well dad bought his Mercedes SL63 AMG for his 60th birthday, but his list of cars from a young age until he paid off his first mortgage were:

Toyota Corolla (Age 25)
Nissan Almera (28)
Honda Civic (34)
Renault Megane (37)

Since paying off house-mortgages and renting them out to grow more he's had:

Mercedes C220 (age 40)
Audi A5 (45)
Aston Martin Vantage (50)
Porsche Boxster S (55)
Mercedes S350 (58)


Currently Mercedes SL63 AMG

So he hadn't start enjoying his money till about 50. All that hard work, none of it spent in his 30s. LOL.

What if I said I bought a Lexus and it was better than all of those in nearly every department? luxury, reliability , comfort, and speed?

[WelshAutist]

Buy a well-maintained second hand luxury car at new Toyota prices?

Examples?

A 2005-6 Toyota with 45K on the clock, 2 previous lady/family owners, serviced and in good working condition is under $3,000 second-hand, possibly closer to $2500 at current exchange rate

[Reggi00]

I don't find any appeal of having expensive cars. The "feels" are just temporary and will go away after few months.

Respect to the those guys tho, they're not materialistic which is a plague in our society.

[AndYUKnowThis]

I don't find any appeal of having expensive cars. The "feels" are just temporary and will go away after few months.

Respect to the those guys tho, they're not materialistic which is a plague our society.

How many expensive cars have you driven?

This is an interesting aspect, can you describe how the feels go away? Maybe you can help me avoid buying an expensive car if the feels go away.

[irollurmom]

I like the mentality of driving a reliable car, but I just can't drive used. I'd rather put 10k down on a 2017 civic/corolla and have my monthly at $150 tbh.

Which is what I did.

[Vhagar]

Not mirin

Good for them that they don't care what they drive, but leaving my house is a chore. If I had to drive a piece of chit every time I did it I'd be unhappy