Why do real estate agents drive luxury cars?

Does it matter what car you drive as a real estate agent?

In most cases, the vehicle that an agent chooses really just depends on their overall success and how much they have to spend. This is why it’s not surprising that high-earning agents are 172% more likely to purchase and drive a luxury car rather than something more budget-friendly.

Why do real estate agents lease cars?

The good news is that most real estate agents are just like the rest of the population except that a lot of them lease their cars for tax reasons. … These are the retirement age real estate agents and they’re financially smart. They will drive an economical small car that they own outright.

What is a good car for real estate agent?

Best Cars for Realtors

  • 2021 Honda Accord. This Honda is affordable, comfortable, reliable, efficient, etc., etc. …
  • 2019 Ford Explorer. …
  • 2020 Tesla Model X. …
  • 2019 Volkswagen Golf. …
  • 2021 BMW M3. …
  • 2018 Toyota Sienna. …
  • 2021 Audi Q7.

Do u need a car to be a real estate agent?

So do you need a car to be a real estate agent? Absolutely, yes. Get your driver’s license first and if your real estate brokerage doesn’t have a car ready for you, buy one. For real estate agents, the car is like any other tool of the trade – you can’t reach your highest potential without it.

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Can a Realtor get a car loan?

SBA 7(a) Loans for Real Estate Agents

Real estate agents can use SBA 7(a) loans for: Buying or maintaining a vehicle: Since real estate agents usually need to travel on a daily basis to meet with clients and show properties, an SBA 7(a) loan can be a great way to fund the purchase or repair of a business vehicle.

Who is the richest real estate agent in the world?

Top Real Estate Billionaires in the World

  • Sam Zell. Net Worth: $4.8 billion. …
  • Stephen Ross. Net Worth: $7.6 billion. …
  • Sun Hongbin. Net Worth: $9.2 billion. …
  • Donald Bren. Net Worth: $17 billion. …
  • David & Simon Reuben. Net Worth: $16 – $18 billion.

Who is the highest paid real estate agent?

Top-Ranked US Real Estate Agent Ben Caballero Tops $2 Billion Volume – Again.

Are auto brokers a good deal?

In the end, most consumers can save hundreds if not thousands of dollars by hiring a professional to broker the purchase of their next car. But beyond the dollars, you’re also saving hours of hassle in avoiding the traditional walk-up or even an Internet-based dealership experience.