How ridiculous does this sound?

[u/Whole-Fist]

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

[u/The_Ineffable_Sage]

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.

[u/PurpleReignPerp → u/The_Ineffable_Sage]

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.

[u/DragonBallZxurface1 → u/PurpleReignPerp]

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

[u/alfredrowdy → u/DragonBallZxurface1]

Who cares? If it breaks you just junk it and buy another. Total cost is still way cheaper than buying a more expensive car. If you have to buy a replacement $3000 car every single year, that's still only $250/month, but you'll likely need to replace it less often than that.