You will never believe what compact car this millionaire drives. 33-year-old Glauber Contessoto’s claim to fame is becoming a millionaire after investing in the meme-inspired cryptocurrency Dogecoin. Cryptocurrency is a digital currency that is run by a decentralized system. In other words, cryptocurrency is not controlled by any government. It can have amazing upside as well as catastrophic lows. Glauber bought in low, and now he’s worth a million dollars, but he still drives the same old Toyota.
The Dogecoin millionaire’s affordable ride
The Toyota Corolla is known for its reliability over long periods of time. Toyota is amongst the most reliable vehicle brands, along with automakers like Honda and Ford. Purchasing a new or used car can be a major investment, depending on how long a driver keeps the vehicle.
New cars can last on average for about 15 years when properly maintained without needing major repairs. Some cars can last over 200,000 miles if they are taken care of. Toyota models are able to stay on the road for years and have fairly low repair costs.
The cryptocurrency millionaire drives an early 2000s (ninth generation) blue Toyota Corolla. He’s owned the car for over 10 years. It has over 202,000 miles on it. The car has broken down once since he took possession of it but he claims that it has served him well.
The Toyota Corolla has no power windows, and its A.C. wasn’t working at the time Glauber gave his YouTube following a tour of his car. Glauber’s video got mixed reactions. Some viewers were impressed by his ability to save money. Others were in disbelief that Glauber drove such an old car as a millionaire. Glauber could have purchased a brand new car with cash even before his cryptocurrency investment. Today he can afford hundreds of Toyota Corollas if he wanted. When it comes to Toyota, if it ain’t broke, don’t fix it, and definitely don’t replace it.
Is the Toyota Corolla a good car?
Like the popular Honda Civic, the Toyota Corolla has a cult following. It isn’t the fastest car or the flashiest by a long shot, but it does provide great value. Ninth generation Toyota Corollas (2003-2008) have especially great fuel economy. They get 28-37 miles per gallon in a city or on a highway. These models are also cheap used cars that can usually be found for under $10,000. Ninth generation models are amongst the best Toyota Corolla used model years.
The Toyota Corolla has improved and advanced over time but it still remains an affordable and reliable compact car today. Most newer model years provide a smooth, comfortable ride. Throughout the years Toyota has incorporated more standard safety and tech features. The Toyota Corolla is slow in comparison to other popular compact cars, but it is a great affordable vehicle that can last for a long time. It’s also millionaire-approved.
Is the Toyota Corolla the most reliable car?
The Toyota Corolla deserves high praise, but it does not hold the title of the most reliable car. Corolla models have earned their place amongst the upper echelon of reliable cars over the years but they still rank lower than vehicles from other automakers. The Toyota Corolla is in stiff competition with models like the Mazda M3 and Hyundai Elantra in every category.
Toyota models like the Prius have even scored higher reliability ratings than the Toyota Corolla. That being said, Toyota has very high standards when it comes to vehicle quality and longevity. When choosing your next vehicle, the Corolla is an excellent choice for the long haul.