Warren Buffett could easily afford the car collections of his billionaire peers (and then some). But this man of character practices the smart money wisdom he preaches. Instead of opting for something flashy, he gets behind the wheel of his tried-and-true 2014 Cadillac XTS.
If you met Warren Buffett, you’d never guess that he’s one of the richest men in the world. And he’s proud of that. He still lives in the first home he purchased in Nebraska for about $35,000. And when it comes to his cars, he’ll stick with the same vehicle until it’s no longer fit for the road.
When it comes time to reinvest in a new vehicle, he always goes with American-made, cutting a deal whenever possible. The story goes he once purchased a hail-beaten car because refurbishing the exterior was cheaper than buying new!
So which vehicles have this sage investor put his money into over the years?
Keep reading and find out which shiny rides are in his lineup.
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2001 Lincoln Town Car
Starting price then: $41,315
Starting price now: $1,097
Engine: 220-horsepower, 4.6-liter V8
Buffett is a one-car man. While he doesn’t own a collection, he does enjoy a luxury vehicle. And back in 2001, you couldn’t get any classier than the
Lincoln Town Car.
This car still breathes swank. Listen to its trims: the Executive, the Signature, and the Cartier. Yes, the Cartier, eponymously named for its included Cartier clock.
The 2001 Lincoln Town Car was the last of its kind—a boat-like rear-drive American luxury sedan. Its coveted features included upgraded map pockets, a wood-trimmed steering wheel, memory foam seating, and three years of complimentary maintenance.
It handled well on urban streets and highways, offering a silent, comfortable ride for both driver and passenger. It was perfect for Buffett, who usually only uses his car for his five-minute work commute or an airport run to pick up his pal Bill Gates from Eppley Airfield.
Buffett parted with his Lincoln in 2006, auctioning it to raise money for one of his favorite nonprofits
Girls, Inc. It sold for
2006 Cadillac DTS
Starting price then: $41,900
Starting price now: $1,685
Engine: 275-horsepower, 3.6-liter V6
After saying goodbye to his Lincoln, Buffett upgraded to yet another American legend: the
Cadillac. His choice was the DeVille, a Cadillac classic. The elegance of the 2006 DTS kept true to its brand's tradition and acclaim.
The DTS promised comfort at every turn. Its seats were cushy. Its four-speed automatic transmission was smooth. And it sported some pretty high-tech gear for 2006, namely its DVD navigation system (you can laugh, but this was cutting edge at the time!).
Buffett made the most of his DTS, driving it off the showroom floor and for about eight years thereafter. That was until General Motors CEO Mary Barra convinced him it was time for an upgrade.
Ever the philanthropist, he again donated his retired vehicle to Girls, Inc., which auctioned it off for
2014 Cadillac XTS
Starting price then: $45,000
Starting price now: $16,999
Engine: 410-horsepower, 3.6-liter V6
Swapping his DTS for the 2014 XTS, Buffett blasted off into an entirely new driving experience with this five-door sports sedan. The 2014 Cadillac XTS was decked out with a technology suite that included an 8-inch touchscreen control panel, capacitive-touch climate controls, and the brand’s CUE infotainment system.
Its driver's seat had a cockpit feel, perfect for revving up its twin-turbo engine. Once it got going, this vehicle could move: Its 410-horsepower could take it from 0 to 60 mph in just 5.2 seconds.
The XTS was styled with sleek, cool bells and whistles aplenty, but it never compromised the luxury Cadillac comfort. It was spacious as ever and built with high-quality materials inside and out.
How to tackle car insurance shopping (and save money!)
It's been a couple of years now since Buffett’s last car purchase. While this fiscally mindful billionaire may have upgraded yet again, knowing Buffett, we’d bet you can still find him driving around in his 2014 XTS (though he probably would tell us to skip the betting and save our money instead).
We couldn’t agree more. Ready to put Buffett’s frugal financial philosophy into action? Why not start by switching your
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