Considering the amount of millionaires/billionaires concentrated in Manhattan and being the financial capital of the world, how come the streets of Manhattan are not littered with Lamborghinis/Ferraris/Rolls Royces? I mean, there are some, but not like in Dubai.
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It's pain in the fking ass (literally) to drive these cars in the city. Once you reach a certain age, it's a huge pain to get in and out of these cars because they sit so low. Combined that with hard suspension and shitty roads, I'd hate to be driving a super car in a city. There's no reason driving these cars unless you just want to show off. If I were rich, I'd be chauffeured around in my comfortable Bentley in city and I'd only be taking my Ferraris to the track on weekends.
Dubai money = inherited/oil money New York money = Hard earned money
Hard earned money = trust fund money?
well somebody had to work hard to get it, even it was 1-2 generations ago.
Dude got Pumped and Dumped
.
Have you been to NYC? It's a huge pain to drive anywhere and not very practical. There's nowhere in the city to really enjoy driving like you can in other places. One of my business partners had to sell his because he couldn't drive it in the winter, traffic was brutal all the time so he couldn't enjoy it, and to really have fun he had to get out of the city which is a serious time commit.
Agree with everyone above (terrible driving experience), and would add that flamboyant displays (of wealth or fame) are generally viewed with contempt in New York. The UHNWIs I’ve worked for all had personal drivers but rode in plain black Mercedes (or took the subway like Bloomberg).
Ever seen the potholes in Manhattan?
I've only seen half a dozen more than a foot deep, and I've lived/worked/been in Manhattan for almost two decades. I think the deepest I saw was 4'.
When I lived there my suspension (and tires) got killed year in and year out. NYC has got the roads of a developing country in many places. I remember the FDR being particularly atrocious. Any car dropped to inches off the ground wouldn't last long.
Dallas on the other hand-the Ferraris are pretty common.
Seen tons in Miami/ Florida in general.
Lived in West Palm and everyone who lived there has said they've never seen so many Bentleys, Rolls Royces,etc.
Come to LA and get your luxury car / super car fix.
As a Ferrari owner who lives in LA and NYC the answer is obvious
In L.A. I keep multiple cars including luxury cars but only drive a 2017 Prius. In NYC, I have no cars and just use a car service that is provided by my building. The car service industry in NYC is so old and so well established. NYC is not conducive to driving unless you are a taxi or uber driver were you literally never stop or have to park.
Yup. In LA I park my Camry between a Rolls and a Ferrari.
Why would anyone want to drive in NYC, much less drive something valuable? I've been in a taxi that got full on rear ended and the one driver just yelled at the other out his window and moved on. Didn't even get out of the car. Tons of vehicles have those rubber bumper guards because no one knows how to parallel park.
If you're truly rich you have a driver to rive you around towns and enjoy your sports car in the countryside and mountain roads.
I'm a horrible driver, wouldn't even think of having a car, let along a luxury car in NYC
Because it's easier to commute by helicopter
The easiest answer is that it's just impractical.
1 - associated costs. Parking is insanely expensive. Sure, you can buy a 250k car, but buying a parking space can cost you five to six figures as well. Not worth it when you have an extensive public transit network. If you try and park on the street your car will get scratched or stolen.
2 - road condition. You hit one metal plating over a construction site and your undercarriage is shit. You hit one big pothole and your undercarriage is shot. You can't maneuver around them because the streets are relatively narrow.
3 - driving conditions. I understand these are status symbols, but why buy one if you can't open her up once in a while? Speed limit or no, you just can't drive that fast in NYC for traffic reasons
i know a lot of people in Manhattan, New York who have a lot of luxury car basically i am towing truck driver at Manhattan 24 Hour Towing, so i have well experience in this domain.
If you want to see ridiculous cars driven around on a regular basis, come to Knightsbridge/Belgravia in London. Here there are Lambos, RRs and Bentleys everywhere. A Range Rover or Porsche would be a peasant vehicle in this context. They're mostly driven by young Arabs, not people who actually worked for their money.
If you go to Canary Wharf (one of London's two big financial districts), then you'll see a few people drive to work as some companies provide parking underneath their offices. It's mostly high end German cars, plus some Range Rovers and a few Ferraris.
Puerto Banus in Spain. I don't think there was a single vehicle I saw there over the course of 3 days that wasn't worth over 100k
Ever been to Manhattan? It's a complete pain to own / drive / take care of a supercar in the city.
Dubai is a much more open city with expansive highways surrounding it. Less population dense and less "poorer" people living in the city so the rich can realistically enjoy those cars in the city.
Warren Buffett drives an older Cadillac
Because they're all up in Greenwich, CT... Westport, CT or in the Hamptons. Rich people in the city don't care about cars because it's pointless.
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