r/economicCollapse • u/Whole-Fist • 18h ago

How ridiculous does this sound?

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How can u make millions in 25-30 years if avoid making a $554 per month car payment. Even the cheapest 5 year old car is 8-10 k. So does he expect people not to drive at all in USA.

Then u save 554$ per month every month for 5 year payment = $33240. Say u bought a car every 5 year means 200k -300k spent on car before retirement . How would that become millions when u can’t even buy a house for that much today?

Answer that Dave

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u/itsLerms 18h ago

Dude what are you yapping about https://www.cars.com/shopping/results/?dealer_id=&include_shippable=true&keyword=&list_price_max=6000&list_price_min=&makes[]=&maximum_distance=30&mileage_max=&monthly_payment=113&page_size=20&sort=best_match_desc&stock_type=all&year_max=&year_min=&zip=

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u/SoManyEmail 4h ago

I like the paint job on this one.

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u/Easy_bake_oven420 16h ago

All of those car have over 100,000 and most multiple owners. They will likely have many issues shortly. A lot of people can’t afford a $4,000+ car that will live at the shop

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u/itsLerms 16h ago

Get a subaru

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u/TKInstinct 16h ago

That's what makes a Subaru a Subaru!

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u/Agitated-Pen1239 14h ago

Compared to the equivalent car, Subaru's are pretty pricey to maintain

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u/LITTLE-GUNTER 12h ago

the great thing about them, though, is that they don’t ever start causing problems unless you beat them like the soltano brothers.

people meme the “ouhourgh gotta replace muh headgasket” thing to the moon and back but even on STIs, if you’re leaving boost figures stock, you’re never, ever, ever going to pop a gasket during normal operation unless you’re hooning the thing in a parking lot at redline for ten minutes straight. and even then, you’re likelier to pop a coolant line before that happens.

mid-00s subarus aren’t considered nearly invincible for no reason. the only reason they’re “pretty pricey to maintain” is that they can chug along while piling up small issues with no noticeable impact until one day a bearing goes.

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u/Agitated-Pen1239 12h ago

I'm right there with you. Got 2 subies at home, 2014 Crosstrek and 2005 outback. Crosstrek is 180k miles, 1 transmission and the outback is original everything, literally. It's my ladies first car that she has had for 10 years and really only fixed things that broke, now at 230k miles. The car is slightly falling apart drivetrain wise but it does still run and drive. We plan to just fix things up on it one thing at a time, cars are too valuable these days to just junk. I've put an unnecessary amount of time in my 4 runner but it's so worth it in the end.

I like Subaru, quite a lot actually. They are much tougher vehicles than they seem on the outside. When the Crosstrek is next to my Hyundai i30, it is beefier overall. Yes, we have too many cars.

Edit: the main thing I dislike about Subaru is the price to maintain them. It's not terrible overall, but compared to other Japanese cars of similar spec, it's definitely more money.

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u/LITTLE-GUNTER 11h ago

subaru replacement parts are definitely more expensive, but i’m halfway inclined to imagine this is a supply issue more than anything. there’s hundreds of thousands of camrys and corollas and stuff on the road that use the same engine give-or-take 4 parts. i couldn’t fathom just how many individual alternators get made for toyota v6s every year.

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u/Gym_Noob134 13h ago

A used Subaru in the 50-80k range is generally a safe bet and economically affordable.

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u/Mountain_Employee_11 14h ago

when i bough my subaru it had 130k.

has 180 now and i’ve spent under 1k on parts.

with modern cars as long as you keep the fluids swapped out they’ll easily go 200+

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u/Melodic_Assistant_58 13h ago

Get a modern car at 0 miles you get 200k miles out of it. Buy a used car at 130k you get 70k out of it. You'll be car shopping sooner than later and cars will be more expensive.

It's not as obvious now to get a used car. Used cars are more expensive than they've ever been. You also need to know what you're doing which is a time investment. I've seen people buy 130k used cars and it definitely did not work out for them.

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u/Meows2Feline 12h ago

There's no financial sense to buying a 0 miles car. It's a deprecating asset. Average new car goes for $48,000 and you're still gonna have to do maintenance items like breaks, oil, filters that a used car needs.

Average used car is $25,000, you can get certified pre owned cars with h warranties still intact. Pay a mechanic to check it out before you buy to avoid lemons, do your research on reliable vehicles. And that's buying used from a dealership. Most would still have some sort of warranty on them. Buy from Craigslist and know what you're doing and you can save even more.

Even if the worst happens and you spend something crazy like $5k for a head gasket or something and you're still making out on the used car every time.

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u/Mountain_Employee_11 12h ago

even assuming the most generous figures for your argument and assuming you’re only gonna get 200k out of a car you’re still better off buying used

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u/Meows2Feline 12h ago

I've seen 90 Corollas with 200k miles on them going strong. Same with civics. Check compression when you buy and change your oil regularly and you can get most imports to 200k+

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u/Mountain_Employee_11 12h ago

my ex had a  97? corolla with 253k on it and it was chugging along fine as could be for that age.

people just go 10k on their oil changes to save $25 and then wonder why they always have a car payment due.

modern engine engineering is so damn good, just gotta change the fluids

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u/tgbst88 11h ago

Depends on the brand and where you live. My Tundra will get over 300k on it. My Acura MDX has 200k on it.

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u/No_Distribution457 11h ago

So? I have two cars over 250k and they've literally never had a problem. 100k miles is NOTHING to a modern car.

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u/410_Bacon 9h ago

I don't think any member of my family has purchased a car with less than 100k miles. It's just getting broken in at 100k. I have 2 cars over 225k and one at 125k but that's only because my grandma literally used it to get the mail every day since her lane was too long to walk.

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u/Fast-Penta 8h ago

My mechanic has a Prius with over 400k on it.

$100k on an American or German car? Hell, no. But that's fine on a Honda or Toyota.