Steve Jobs Got A New Porsche Every 6 Months: Here's The Strange Reason Why

The late Steve Jobs is remembered by many as a brilliant leader and tech visionary.

Here's a look at one of the more unique stories about Jobs during his time as CEO of Apple Inc AAPL, now the most valuable public company in the world.

What Happened: As shared by Autoweek, the Apple co-founder previously bought a new car every six months for decades of his life.

Jobs would buy a black Porsche 911 and replace it six months later with the same Porsche 911. Jobs did this for many years before switching over to the Mercedes-Benz SL55.

According to the report, Jobs did this because he hated license plates.

The state of California, at one point, did not require new vehicles to have a license plate for up to six months. Therefore, Jobs would lease a new vehicle every six months and then switch to a new model —a move that wouldn't require him to ever need a license plate.

Related Link: 5 Of The Craziest Things Apple’s Steve Jobs Spent His Money On

The Loophole Ended Years Later: What would become known as the "Steve Jobs Loophole," was eventually ended in January 2019.

The state of California made the switch to temporary license plates required at the time of a new vehicle sale. Under the new rule, the temporary license plates had to be replaced with real license plates for the front and back of the vehicles in the state.

Before 2019, the period was also cut down to three months of no license plates required, which came after the death of Jobs. So we will never know if Jobs had made the move to have a new vehicle every three months before the full ending of the loophole.

Jobs served as the CEO of Apple from 1997 until 2011, when he stepped down in August and picked Tim Cook to replace him. The move came two months before Jobs’s death.

During his time at the helm of Apple, Jobs was known for many things, including the introduction of the iPhone — one of the most important products in the company’s history.

Read Next: Tim Cook Shares The One Thing He’s Copied From Steve Jobs As Apple’s CEO: ‘He Expected It Everywhere In The Company’

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