These days, hardly a conversation passes without the mention of the lackluster economy and dashed hopes of a retirement focused on exotic vacations and expensive hobbies. As Baby Boomers enter retirement, those who are able to afford these luxuries are beginning to be the minority. However, even those with the most luck and the most wealth are opting for lower- cost vehicles.
Warren Buffet, the billionaire investing tycoon, is the proud owner of a vehicle most would be surprised to learn he drives. Retailing for around $45,000, his Cadillac DTS is a car that many Americans can afford, and certainly is no rarity on the road. He purchased the vehicle in hopes of helping General Motors as it struggled to regain relevancy in the recent economic downturn.
As the executive chairman of Google, Eric Schmidt is committed to the environment, which makes his eco-friendly car the perfect fit. He drives the Toyota Prius, which gets around 50 miles per gallon and can be found at the affordable price of $24,000 for the third generation models, such as the 2012 model.
As the super-rich seem more out of reach, it’s nice to know that it is possible to drive like one, and it could even be said that they appreciate some of the same things we do, like fuel efficiency. Plus, who knows if these will be the classic cars of the future!