Do wealthy people tend to lease their cars?

Anyone who weighs convenience more than saving some dollars, prefers driving newer cars and doesn't think cars as an investment would see value in leasing, it's just a little different than conventional financing. Leasing is convenient financing, pay as you go service, it saves time and efforts, and charges for the service. read more

I assume people buying >$100k cars would be considered well to do, even if not wealthy. The have started seeing value due the fact that cars are more or less a consumer good with a higher price, it has a qualitative life span for efficient use rather than beating in for 20 years. read more

No, it isn't because people who drive BMW's can't afford to BUY their cars! It's because people who HAVE CASH, understand CASH. They understand that CASH should be parked in things that appreciate, not things that depreciate. read more

Just because people are rich does not automatically make them frivolous with their money. In fact, most wealthy people, NOT ALL, but most are actually quite frugal with money. Therefore, they wouldn’t want to own the car, as it would save money to rent. read more