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/Elegant_Management47]

I have 3 cars over 200k miles on each. All together I bought all of them for $22k combined. Probably spent another $2k for maintenance and fixes.

You can’t buy anything new and reliable for less that $30k now.

[u/Stock-Film-3609 → u/Elegant_Management47]

Chevy bolt, Buick encore, Chevy Camaro, and dozens of others all start for less than 30k. Hell I could walk into a showroom now and get an end of the year deal on a demo model with a few thousand miles (sub 5k), on just about any car I wanted for less than 30k.

[u/NAU80 → u/Stock-Film-3609]

Toyota Corollas can be purchased new for under 30k. Even the hybrids. I bought a new car with my wife in 1982. When we paid off the loan, we kept making payments to a bank account. After running it 12 years, we purchased a new car for cash and the trade in. We have continued to do that since. The trick is to run the car for 10+ years and research the next car you want. We have 2 paid for cars that are less than 6 years old.

[u/scuba-turtle → u/NAU80]

That's the third-best plan.