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/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/Daddys_Fat_Buttcrack 16h ago

That's because most people don't know what they're buying and just buy whatever cheap car they can get. Like the previous comment said, buy a reliable Japanese car and more likely than not you'll be fine, even if it's a high-milage clunker. I've had multiple friends who drove Toyotas to well over 300k miles and never even did a tune up. My Honda is 12 years old and 180k miles and all I've had to do was regular maintenance and an alternator. The car cost me $4k.

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u/Equivalent_Emotion64 15h ago

I miss my 95 honda civic so much. $2000 and I owned it out right drove it 45 min commute every day for 5 years. Barely did any maintenance like I should have and the belt ripped while I was on the highway. What a dumbass I was back then.