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I would say that there are two types of $100,000 vehicle buyer. The largest % of those buyers aren’t buyers. They are renters especially today with the selfie / youtuber life.
A very small % of 250+k income type’s sitting on 2-5million in assets “buy” vehicles over $60,000. The only ones that lease / rent are business owners who lease through their company- very few lease high end cars in that manner (looks very bad to employees and the finance manager)
My entire housing development is the 250-600k yr bracket with homes worth 2-3million. The most expensive vehicles you see are top trim full sized SUVs. We have a couple like 3 high end EV trucks and one new retired toy Lambo something. No Gwagons, no new Porsches etc. If you go from the 1400 homes in our group across to the gated houses the income is in the 500-1mill zone and you see a few more Porsches and occasional 100+k cars but they are still rare and not typical. Thanks to kids sports and active parenting I know many of these folks. They buy their cars run them a long time. Or lease through their company they own etc. A very high number of them own multiple properties and are definitely worth over 5mill in real asset value.
Now!!! If we go to say Florida. It’s all about the poser factor!! You might live in a $150,000 cinder block house but your leasing a $150,000 car and running a $250,000 boat every weekend on a $80,000 income sourced from three different jobs till the repo man finds your hidden toys and takes em😆😆