7 Non-Luxury Cars That The Upper Class Buy To Save Money

Wealthy people might be able to afford luxury cars, but not everyone opts to buy them. Many economically-minded affluent individuals opt to drive a surprisingly affordable car.

This allows them to spend less on monthly payments — or on a lump sum, if paying in full — as well as potentially incurring lower repair costs. It’s not uncommon for high-end cars to have more costly repair bills than their more affordable counterparts.

“Non-luxury cars that the upper class buy to save money are almost always EV leases,” said Noah Damsky, chartered financial analyst (CFA) and principal at Marina Wealth Advisors. “We pass along great deals on EVs that we come across to clients.”

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Being in the know can equate to major savings.

“Leases qualify for the $7,500 EV tax credit, so they’re a great way for the upper class to capitalize on the opportunity since their income exceeds the qualification limits to get the tax credit on a purchase,” he said.

While many wealthy individuals are buying non-luxury electric vehicles, others are sticking to traditional gas-powered models. Sarah Maitre, CFA, financial planner and founder Camriel Advisors, has worked with highly-compensated clients who fit into this category.

If you’re interested in getting around town like the economically-minded wealthy individuals who drive affordable cars, you’re in luck. Damsky and Maitre shared a look at seven non-luxury cars the upper class are driving to save money.

An electric SUV, the Hyundai Ioniq5 has a Tesla Supercharger compatible NACS port and comes with complimentary factory scheduled maintenance for three years — a feature of every 2025 Hyundai.

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The Hyundai Ioniq6 is an electric sedan with up to 320 horsepower and an EPA-estimated 342-mile range.

A powerful lightweight electric sedan, the Kia EV6 offers fast charging, near-instant acceleration and is designed to handle the elements.

A classic option for eco-conscious individuals, Maitre said clients like the great gas mileage — 57 miles per gallon combined — offered by the Toyota Prius.

Offering all-wheel drive and 8.7 inches of ground clearance, Maitre said wealthy clients like the Subaru Crosstrek for weekend trips to the mountains.