Dave Ramsey is a millionaire recognized for offering monetary recommendation on his radio present and podcast, The Ramsey Present. On his present, he dives into his listeners’ funds, providing recommendation on getting them out of debt.
He discusses debt aid strategies, investing methods, and glimpses of a millionaire’s life. Just a few years in the past, he posted a listing on Fb of the highest 10 automobile manufacturers pushed by millionaires. Not all had been luxurious autos.
To summarize and give you info, I’ve researched these ten manufacturers, their reliability, and worth. Hold studying to find what vehicles millionaires drive, in response to Dave Ramsey.
1. Toyota
On the prime of Dave Ramsey’s checklist is the Toyota model. It’s some of the dependable automobile manufacturers on the planet. I’ve recognized individuals who’ve owned a Toyota for over 20 years, and the automobile nonetheless runs practically completely.
Simply since you’re a millionaire doesn’t imply you must flaunt your cash. As an alternative, shopping for a sensible automobile and investing more cash is safer and smarter. Even newer Toyota autos are extra inexpensive than different manufacturers. As an illustration, the 2025 Toyota Camry is priced at $28,400 to $36,125.
2. Honda
Honda is one other favourite for a lot of. It’s a dependable automobile model with loads of choices, and it’s additionally comparatively inexpensive, particularly for reliable used autos.
Based on RepairPal, Honda’s reliability ranking is 4.0 out of 5.0. Annual repairs and upkeep prices are additionally low, averaging about $428. Evaluate this to a extra luxurious model like Audi, the place the common annual restore value is $987.
3. Ford
I’ve by no means been an enormous fan of Ford autos, however they’re fairly dependable. Ford’s reliability rating on RepairPal is above common at 3.5.
Repairs and upkeep might be expensive, relying on the mannequin and the way usually you utilize your car. Nonetheless, millionaires can afford the common yearly restore value of $775.
4. Lexus
Technically, Lexus is owned by Toyota, however they’re two totally different automobile manufacturers. Lexus is a luxurious model with unbeatable costs. Even the latest Lexus autos usually run underneath $60,000. As an illustration, the 2025 Lexus NX begins at $41,990.
So, why do millionaires personal Lexus vehicles? Effectively, not solely are they smooth and classy, however they’re dependable and sturdy. Lexus persistently ranks 4.0 out of 5.0 on the reliability scale. There’s additionally solely about an 8% likelihood a restore is extreme. Apparently, annual upkeep and repairs are decrease than Ford’s at $551.
5. Subaru
Dave Ramsey additionally lists Subaru as a automobile model millionaires purchase. In the event you preserve your Subaru, it might final you ten years or extra. My aunt had a 2011 Subaru Impreza that made it to 180,000 miles earlier than she traded it in.
Subaru’s reliability rating is a 3.5. Millionaires with this car can anticipate to pay about $617 a 12 months for repairs.
6. BMW
Every time I consider millionaires and luxurious vehicles, BMW is the model that pops up in my thoughts. That’s most likely why I wasn’t so shocked to see the identify on Dave Ramsey’s checklist.
Apparently, this luxurious model isn’t probably the most dependable, however while you’re a millionaire, do repairs trouble you that a lot? The reliability rating is 2.5, and annual upkeep prices are estimated at $968.
7. Acura
Millionaires who like Hondas however need one thing sleeker, newer, and splendid might need to think about Acura vehicles. For a luxurious model, Acura has a high-reliability ranking of 4.0.
Upkeep and repairs aren’t too excessive both, because the annual prices common $501. One of many extra dependable fashions is the Acura TLX. The 2024 mannequin begins at $45,000. That is pocket change for a millionaire.
8. Hyundai
It’s humorous to assume that each middle-income earners and millionaires drive Hyundai autos. They’re low-cost and efficient vehicles, and it isn’t exceptional for a Hyundai to final over ten years.
The stats present this, too. The model has a reliability rating of 4.0 on RepairPal. Based on the identical supply, annual repairs common $468.
9. Lincoln
Lincoln is a luxurious division of Ford, so for those who’re in search of one thing somewhat dearer, Lincoln is a strong choice. This luxurious car model has okay reliability, with a rating of 3.0. It isn’t probably the most dependable automobile, and repairs are expensive.
RepairPal estimates $879 in annual restore prices for Lincoln autos. About 15% of repairs are extreme, which means they’re dearer and time-consuming.
10. Buick
Final however not least, Buick is on Dave Ramsey’s checklist of vehicles millionaires drive. Based over a century in the past, it’s a strong alternative for each millionaires and non-millionaires.
The model’s reliability is first rate, with a 3.5 out of 5.0 ranking. Annual repairs can value you about $608.
10 Sensible Methods to Be Frugal With out Being Low cost
You might be frugal with out being low-cost by understanding the distinction between value and worth. An inexpensive particular person cares solely about getting the bottom value. Frugal individuals have a look at value as one issue that determines worth.
15 Most Snug Automobiles for Tall Drivers
As somebody of above-average top, I can inform you that driving a compact automobile is just not solely uncomfortable, nevertheless it’s additionally at all times the most secure. It makes blind spots extra widespread, making it arduous to see streetlights with out disjointing my neck. Automobile purchasing has at all times been a trouble, and I want I had this info earlier than I began test-driving a number of vehicles. These are a number of the greatest autos for these taller than their fellow drivers.
The price of residing in the US has skyrocketed within the final 4 years. So, what occurs when the price of residing goes up? We cease shopping for sure issues. I can consider many gadgets and luxuries I’ve let go of as a result of they’ve gotten so costly.
Actually, with the rising costs, it’s not price it. Perhaps you’re experiencing the identical dilemma. It’s arduous to resolve find out how to purchase the issues we’d like with out breaking the financial institution. To assist with these powerful selections, we curated this stuff primarily based on luxuries and needs as a substitute of wants.
Some could also be tougher than others to let go. Nevertheless, ultimately, we expect it is smart. What about you?
