We Americans love our cars! For many, what you drive is an extension of who you are and how others see you. Think about it. You're sitting at a stoplight and on your left you see a middle-aged man driving a 2006 Toyota Corolla with two child car seats in the back, a few scrapes on the bumpers, and silver paint that is showing the signs of being a 13 year old vehicle. On your right you see another guy about the same age driving a 2019 Mercedes AMG GT Roadster.
What's going through your mind if someone were to ask you to describe these two men?
If you're like most people, you would assume the guy driving the $150K Mercedes is successful and wealthy, and the guy driving the old Toyota is not.
Hopefully, if you've been reading our blog for any length of time you'll know that millionaires are hard to spot by what they drive, but many still associate flashy cars with wealth when much of the research shows millionaires tend to drive older used...