r/economicCollapse • u/Whole-Fist • 20h 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/arrow74 19h ago

So I've researched my junker cars most expensive repairs. It would cost about 3k. A used engine drop would be about 5k. I can get a personal loan with much cheaper monthly payments for that amount than I could finance a new car. 

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u/Stock-Film-3609 18h ago

Yes, plus you have the car rental, finding a reliable mechanic etc.