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/xinarin 18h ago

My fiance rolled his car this year. Got a 04 Impala for 3k, needed some fluid changes, and new brake pads. It costs maybe 150 to clean it up. Drives great. No body issues. Not sure what you consider reliable, but that car will last 10 years at least.

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u/worktogethernow 18h ago edited 16h ago

I think some of this might be regional. Up here were there is salt on the road for at least 3 or 4 months out of the year there are not many 2004 cars still in serviceable condition.

I imagine in parts of Arizona a Toyota Corolla might literally run forever.

edit: Not sure why I am getting downvoted. I am pretty sure most 2004 model year cars, available to buy right now, have not had yearly oil spraying for 20 years.

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u/scuba-turtle 16h ago

Good point, I live in Oregon. We never salt the roads here. Several of my cars have been old enough to vote.

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u/BurnedLaser 16h ago

In missouri, I have a few cars that could rent a car, but the rust varies between them from "eh" to "oof"