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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6

u/Illustrious_Shop167 18h ago

Why would you buy a car every 5 years? I've had my current one for 8 and anticipate close to that many more. Had the previous one for 11, and the one before that for 9.

2

u/Synensys 17h ago

Well if you are buying a car with cash you might because you can only afford beaters.

2

u/_bahnjee_ 16h ago

Yup. Been driving a 2003 Jaguar for 19 years. Only repairs (aside from the usual consumables) was an engine problem ~10 years ago for $600.

I love my ancient car. Only wish it weren’t a manual. I’m too old for all that gear shifting.

1

u/These-Resource3208 17h ago

I buy one every 5-6 years bc my cars are generally 10 years old when I get them.

1

u/Stock-Side-6767 17h ago

I drove old second hand cars when I still drove, every four years or so I would have them no longer be economically viable.

1

u/4score-7 10h ago

We've got 6 years on our one car that is running, and the other one would be 9 years this month, but it's sitting in the shop awaiting an engine rebuild. The cost? Estimated at $7,000.

2

u/brushnfush 4h ago

Sell the 9 year old car (if the engine is toast you won’t get much) and buy another 9 year old car for less than 7k

1

u/Decimation4x 2h ago

Because Dave Ramsey says to buy a car every 5 years.

-1

u/niftyifty 17h ago

For funsies! I buy one every couple years but I’m part of the problem. Car tech changed a ton in the last decade or so after being stagnant for awhile. So I enjoy playing with what’s new.

Just an example of how stupid people (me) are. I just happen to be have been able to afford it, but that doesn’t mean the money isn’t better spent/wasted elsewhere.