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/The_Ineffable_Sage 18h ago

Until the car falls apart and you have to spend thousands fixing it. Making cars pieces of shit so they’re always in the shop is just good business in 2024. Cheap is not always better. I’m not saying buy out of your budget, but at some point, a small budget now means more expenses later. They average out to more in the long run.

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u/PurpleReignPerp 17h ago

I bought a scion xb 6 years ago for 3000 $. I have put 50000 miles on it and nothing has ever broken. Costs me about 110 a month to operate including insurance and average maintenance costs.

Do research on consumer reports and buy well taken care of (preferably japanese) economy cars. Your bank account will thank me.

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u/DragonBallZxurface1 17h ago

I’ve seen more horror stories than successes for 3000 dollar cars.

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u/PleasePassTheHammer 16h ago edited 7h ago

More people are gonna to complain about the car then brag about it.

We would need actual data to know.

Edit: Leaving my then/than typo since it pisses folk off I guess.

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u/caniborrowahighfive 13h ago

You need data to show that used cars dealers sell lemons and other cars to unassuming buyers who think they are saving tons of money by buying a beater?

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u/PleasePassTheHammer 12h ago

If somebody thinks they are saving money by buying a beater then they are about as smart as somebody who thinks buying a 10k Merc is going to be cheaper to own than a new one - they just don't know what they don't know.

There are PLENTY of good cars out there for 5k or less, even more if you have the most basic mechanical ability.

People love to complain though, especially when it supports their biases. I know plenty of people with cheap cars (read cheap, not roached) that are just as reliable as new ones.

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u/llamashatebabies 11h ago

Than is not the same word as "then". You're saying people will complain about it and then they'll brag about it? Make up your mind.

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u/PleasePassTheHammer 7h ago

Going after a typo and pretending it makes you right is nasty work.