[...] How much does it affect your cost-per-mile to choose a luxury car instead of something practical? I recently found myself fighting the new car itch. I wanted a new BMW or Audi. A commenter wrote: In The Millionaire Next Door, one of the best-performing groups in terms of net worth was what the authors called something like “used car prone”. This class of person buys a car that is 3 to 5 years old, and drives it for many years. The authors spend a lot of time discussing this class because it is statistically most likely to have a very high net worth compared to annual income. [...]
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