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Hey .... I resemble that remark ....... but cheap?
http://www.investorplace.com/2012/08/cheap-cars-the-rich-love-to-drive/view-all/
http://www.investorplace.com/2012/08/cheap-cars-the-rich-love-to-drive/view-all/
Yep the families and friends I know with over I'd say 20 million in net worth act far different then the people with net worths in the 1-10 million range.He once explained to me the intricacies by which really wealthy people work to manage other's opinions of their lifestyles. ridiculous amounts of thought went into deciding just the right car to buy. Overtly flashy displays of wealth were the ultimate sin. His dad's idea of the perfect car was a fully loaded Honda Accord.
Dangerous too: Self-righteous socialists on the loose.Overtly flashy displays of wealth were the ultimate sin. His dad's idea of the perfect car was a fully loaded Honda Accord.
1975? I purchased my first BMW 2002 in 1972 from a BMW dealership in New Paltz, NY. Not sure how long they had been in business but they seemed fairly well established.I attended a small New England college in the early 70s that had a good share of wealthy students. The median income was $40,000 a year, equivalent to around $200,000 these days; one classmate had a monthly allowance of $2,000 (he was a billionaire). A very popular student car was the BMW 2002. Considering that BMW NA wasn't created until 1975, they must have bought them from distributors or imported them from Germany.
From the mid 60s until 1975 BMWs were imported into the US by Austrian born Max Hoffman whose company Hoffman Motors was a pioneer in bringing "Foreign" (i.e. European) cars to the US. During that era BMWs were sold at "Foreign Car" dealerships who generally sold several brands of European cars and in some cases they also sold a brand of American car, Hoffman sold his BMW importing business to the newly formed BMW North America in 1975.I attended a small New England college in the early 70s that had a good share of wealthy students. The median income was $40,000 a year, equivalent to around $200,000 these days; one classmate had a monthly allowance of $2,000 (he was a billionaire). A very popular student car was the BMW 2002. Considering that BMW NA wasn't created until 1975, they must have bought them from distributors or imported them from Germany.