Warren Edward Buffett is an American Investor, philanthropist, and one of the world’s wealthiest people. Buffett was ranked first among the world’s richest persons by Forbs in 2008 and his net worth was estimated as $62 billion. in 2009 he was ranked as the second richest man in the U.S. after donating billion of dollars to charity. The current net worth of Warren Buffett in April 2023 is approximately $110 billion as per Forbes, so his net worth is above all the cars on the planet, and he owns more than 60 companies. A man of such net worth can afford any luxurious super car but you may surprise to know that he owns such cars which could own by any average American businessman. In this article, you will know all about the Warren Buffett Car collection and also why this billionaire doesn’t own expensive super cars.
1. Who is Warren Buffett.
Warren Edward Buffett doesn’t need any introduction. He is a billionaire, investment Guru, and philanthropist. He is a living hero for all investors of the world. What makes him special and different from other billionaires let’s have a look?
It is fascinating to know that 95% of the world’s richest people run businesses or industries but Buffett makes all his net worth purely from investing. Currently, the most expensive stock in the U.S. stock market is not owned by Apple or Google but is ‘Berkshire Hathaway’ which is the investment company of Warren Buffett.
Although he is one of the richest men in the world he owns a simple car because there is a big difference between being rich or wealthy in the financial world. A wealthy mindset can see the difference between a depreciating asset and an appreciating asset and keep focusing on owning appreciating assets.
He could easily afford the car collections of his billionaire peers but Instead of opting for something flashy, he owns a simple car collection. So learning from his philosophy of prioritizing value over social status which also reflects in Warren Buffett car collection can help individuals to become better investors.
2. Warren Buffett Car Collection History.
The lifestyle of Warren Buffett is very simple and also he has a history of owning not very expensive cars as he doesn’t believe in owning a depreciating asset. Here we have made a list of Warren Buffett car collections from the information available in the public domain.
(i) 2014 Cadillac XTS.
2014 Cadillac XTS is a five-door sedan available in two variants presently used by Warren Buffett. Surely he’ll stick with the same vehicle until it’s no longer fit for the road. This car was equipped with technology features that included an 8-inch touchscreen control panel, capacitive-touch climate controls, and the brand’s CUE infotainment system.
2014 Cadillac XTS has a twin-turbo engine of 410 horsepower and this vehicle could move from 0 to 60 mph in just 5.2 seconds.
- Starting price then:$45,000
- Starting price now: $16,999
- Engine:3.6-liter V6
- Horsepower: 410 hp
- Torque: 264 lb-ft
- Transmission: 6-speed automatic
- Top Speed: 93 mph
(ii) 2006 Cadillac DTS.
This elegant 275 hp 3.6 liter powered car used by Warren Buffett for 8 years. Buffett donate this car to a non-profitable organization named Girls Inc. and this group raised $122,500 at auction for Buffett’s 2006 Cadillac DTS.
- Starting price then: $41,900
- Starting price now: $1,685
- Engine: 3.6-liter V6
- Horsepower: 275 hp
- Torque: 292 lb-ft
- Transmission: 4-speed automatic
- Top Speed: 102 mph
(iii) 2001 Lincoln Town Car.
The 2001 Lincoln Town car is a classical masterpiece and back in 2001, you couldn’t get any classier than the Lincoln Town Car. Many of us still want to have at least one Lincoln town car in our garage. It was an American luxury sedan the last of its kind boat-like rear drive, which came with a set of features like a wood-trimmed steering wheel, upgraded map pockets, and memory foam seating.
- Starting price then:$41,315
- Starting price now: $1,097
- Engine: 4.6-liter V8
- Horsepower: 220 hp
- Torque: 265 lb-ft
- Transmission: Electronic 4-speed automatic
- Top Speed: 139 mph
3. The Famous Quotes From Warrant Buffet About cars.
Warren Buffett is one of the greatest investors of all time and is also known as The Oracle of Omaha. He has the skill of imparting financial wisdom in a so simple manner that even a child can understand. Here we are going to share his famous Quote about cars so you can get a taste of his financial wisdom.
“When I was sixteen, I had just two things on my mind – girls and cars. I wasn’t very good with girls. So I thought about cars. I thought about girls, too, but I had more luck with cars.
Let’s say that when I turned sixteen, a genie appeared to me. And that genie said, ‘Warren, I’m going to give you the car of your choice. It’ll be here tomorrow morning with a big bow tied on it. Brand-new. And it’s all yours.’
Having heard all the genie stories, I would say, ‘What’s the catch?’ And the genie would answer, ‘There’s only one catch. This is the last car you’re ever going to get in your life. So it’s got to last a lifetime.’
If that had happened, I would have picked out that car. But, can you imagine, knowing it had to last a lifetime, what I would do with it?
I would read the manual about five times. I would always keep it garaged. If there was the least little dent or scratch, I’d have it fixed right away because I wouldn’t want it rusting. I would baby that car because it would have to last a lifetime.
That’s exactly the position you are in concerning your mind and body. You only get one mind and one body. And it’s got to last a lifetime. Now, it’s very easy to let them ride for many years. But if you don’t take care of that mind and that body, they’ll be a wreck forty years later, just like the car would be.
It’s what you do right now, today, that determines how your mind and body will operate ten, twenty, and thirty years from now.”
— Warren Buffett
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Most of us treat cars as a social status and the more money one has, the more expensive the car he keeps. Warren Buffett is an American Investor, philanthropist, and one of the world’s wealthiest people who can afford any luxurious car in this world. He never prefers flashy cars and prefers to maintain a one-car garage because he has a philosophy of prioritizing value over social status. Our purpose for writing this article on Warren Buffett car collection is to create financial awareness, so individuals should start to give priority to values, not to false social status if want to achieve financial success.