Warren Buffett
Warren Buffett.
  • Warren Buffett's upgrade of his trusty Cadillac in 2014 was a whole saga.
  • It involved his daughter, a $122,000 auction, a police stop, and GM CEO Mary Barra.
  • Here's the story of the investor's memorable car purchase.

Trading in a banger for a shiny new car is always exciting. But it's hard to top Warren Buffett, whose upgrade saga involved a frontwoman, a free hat, a $122,000 charity auction, a police stop, and GM CEO Mary Barra.

Buffett, who's driven a Cadillac for decades, only decided to replace his 2006 model after Barra visited him in his hometown of Omaha in May 2014.