Why Do Celebrity Like to Buy Used Cars?
Some celebrities are famous for their passion for expensive sports cars, while others collect priceless vintage cars. However, there is also a category of celebrities who prefer budget or even used cars.
In Canada, there have been instances where celebrities, both Canadian and international, have acquired used cars.
Here are some examples:
Justin Bieber:
The Canadian pop sensation Justin Bieber, actually, has purchased used cars, even in his home country. In the past, he bought a used Ferrari 458 Italia from a dealership in Ontario.
Keanu Reeves:
The famous actor, who was born in Beirut, Lebanon, and raised in Toronto, is a known motorcycle enthusiast. While he’s more famous for his love of motorcycles, he has also driven various cars in Canada, including used ones.
Ryan Reynolds:
Another prominent Canadian actor, Ryan Reynolds, is a car enthusiast. He has been seen driving and collecting a variety of cars, including used and vintage models. It’s possible that he has acquired some of these vehicles from Canadian dealerships.
These are just a few examples of celebrities who have purchased used cars in North America. Keep in mind that many celebrities prefer the privacy and affordability of buying used vehicles, and they may choose used cars for their practicality and environmental benefits.
A few examples of Hollywood celebrities that chose used cars:
Worth $425 million actor Mel Gibson drives a compact two-seater city car that was discontinued in 2006, the Smart Fortwo.
Supermodel Kate Moss’s net worth is estimated at $80 million. The star chose a budget British car, which was on the assembly line between 1961 and 1979 – MG Midget.
The fortune of the popular singer Madonna is estimated at $573 million. Despite this, the star prefers simple cars. She chose the MINI Cooper.
$350 million actor Tom Hanks drives a Fiat 126p. The car is better known as the “Polish Fiat” because it can be found mainly on the roads of Poland.
- Clint Eastwood drives a used GMC Typhoon
- Zac Efron drives an 1999 Oldsmobile Alero .
- Kristen Stewart (well-known as Bella) drives a used Ford Ranger.
- Justin Timberlake drives a used Volkswagen Jetta
- Leonardo DiCaprio drives a used Toyota Prius.
- Conan O’Brien drives a 1992 Ford Taurus SHO
Around the world celebrities buy pre-owned luxury vehicles for several reasons, including:
Cost savings:
Used luxury cars often cost less than new models, which can be especially attractive to celebrities who are looking to save money while still enjoying the benefits of a high-end car.
Privacy:
Besides, buying a used luxury car allows celebrities to maintain a lower profile, as the car may not be immediately recognizable as belonging to them.
Customization:
Furthermore, celebrities often prefer to customize their cars to reflect their unique style and tastes. Buying a used car provides more options for customization. Indeed, used cars always have the option for retrofitting with the latest technology and features..
Environmental responsibility:
Moreover, buying a used car, in any case, is a more environmentally responsible choice. Because, it helps to reduce the demand for new cars and the associated production of greenhouse gases.
Ultimately, buying a used luxury car offers celebrities the best of both worlds – the luxury and prestige of a high-end car, combined with the cost savings and customization options that come with buying used.
Businessmen from Forbes list own non-expensive cars
The CEO and founder of Facebook, Mark Zuckerberg, who leads the world’s largest social networking platform, can often be spotted behind the wheel of a black Acura TSX, a vehicle with an approximate value of $30,000. He has mentioned that he favors this choice because it offers safety, comfort, and modesty. Additionally, reports suggest that he also owns a Volkswagen GTI, a car in a similar price range.
Warren Buffett, the CEO of Berkshire Hathaway, is very famous for his frugal habits. He sticks to a budget of no more than $3.17 for breakfast and continues to reside in the same house he acquired for $31,500 back in 1958 (which would be equivalent to around $260,000 in today’s currency).
In 2014, he purportedly purchased a Cadillac XTS, a vehicle with a retail price of approximately $45,000. Obviously, it was an upgrade from his prior car, a 2006 Cadillac DTS, which he decided to replace after his daughter Susie mentioned it was somewhat embarrassing. Buffett rationalized this purchase delay by explaining to Forbes, “I only drive about 3,500 miles a year, so I don’t buy new cars very often.”
Join the Conversation
Thank you for reading our post, sharing it with your friends and leaving a comment. If you have any questions, call us and come to our service shop. Remember that the used car market can change over time due to economic factors, consumer preferences, and government regulations. In fact, it’s always a good idea to stay up-to-date if you have interest in buying a used car. Drive Today Cars is certified auto dealer located in Toronto, Ontario. Our dealership sells reliable pre-owned cars and provides car owners with exceptional professional service in our in-house auto service shop.
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