06.28.08
Ten Guilt-Free Luxury Cars
Believe it or not, people who drive luxury cars have feelings too. And many of them are just as unhappy with the high gas prices as everyone else.
“They don’t want to be seen as avaricious, ostentatious and self-centered,” says Milton Pedraza, CEO of the Luxury Institute, a research group that focuses on the spending habits and trends of the wealthy. “Eighty-five percent of people worth $5 million or more are self-made [millionaires], and they are very frugal; that’s how they got where they are. They are very empathetic to the effects of energy prices on everyday people.”
For those who want to drive a high-performance luxury car loaded with high-tech features, and still be as environmentally friendly as possible, there are options. From sedans to SUVs, automakers offer a few cars that are every bit as stylish and luxurious as their brethren but don’t necessarily guzzle as much gas. However, the pickings are slim. Read the rest of this entry »