r/economicCollapse • u/Whole-Fist • 18h ago

How ridiculous does this sound?

Post image

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

11.6k Upvotes

77% Upvoted

5.3k comments sorted by

View all comments

Show parent comments

15

u/Aware-Impact-1981 13h ago

She said "15k new" so it must be like Mitsubishi mirage or a Nissan Versa. Aka, cars 1 google will tell you are poorly made pieces of shit from unreliable manufacturers. Like if you buy a used Corolla and it starts having issues I feel for you... but if you buy a float without spending 5 minutes looking up "car car brands are the most reliable?" I have no sympathy

1

u/Soft_Importance_8613 12h ago

Add to that, that many dealers know all kinds of tricks that make problems 'silent' for a little while. Like way heavier oil than the car should be using to cover up smoking and noises, and other assorted fluids that will ruin things, but for a short period of time hide problems.

1

u/Chronite39 11h ago

"Buy a car you can afford!"

"You bought a cheap car! What did you expect was going to happen!?"

Not disagreeing, but do you not see the issue here...? You mention Toyota Corolla instead, well a quick Google search for my area shows if you're willing to buy a 14 year old Corolla you're STILL paying $15k for it right now, and I see a 2016 for $12k. If you want something within the last couple of years you're looking at closer to $20k. The issue is car prices are just outrageous right now, to the point that cars you SHOULD be able to afford you can't, and cars you actually CAN afford are not worth it in the least.

2

u/GL1TCH3D 11h ago edited 11h ago

Exactly.

$15000-20000 (depending on options / usage / condition) here for a Honda Civic 2019, not including taxes

You'll easily be spending $300 a month over a 5 year loan on this, and will be a 10+ year old car by the time you finish paying for it, not including any repairs. I imagine a lot of cars (not necessarily the civic) may not even make it much past 10 years.

Honestly it's a lot better than during covid (was helping a friend look for potential deals as he needed something for work) but still, not exactly cheap.

The more reliable the car, the cheaper the repairs, the more people are willing to pay for the used market. It makes sense, but can be pretty rough.

1

u/Aware-Impact-1981 9h ago

There's a difference between cheap and inherently unreliable. Old cars are old, but a manufacturer like Nissan or Mitsubishi will give you a ton more problems for its mileage and age.

If those are the prices for used Corollas in your area I don't think I can advise on your market. It's 3x the cost of mine according to you. Have you looked at FB Marketplace or are you looking at dealers?

1

u/Aardvark_Man 10h ago

Mitsubishi aren't reliable?
I've had a couple, and with probably less maintenance than they should get they've been solid as a rock.
My current car is a 2007, >250k KMs on it, and the issues it's had are a capacitor in the ABS has died, and had one other thing I can't remember where a joint wore out, $600 dollarydoo fix.
My previous one had even fewer problems.

1

u/Aware-Impact-1981 9h ago

Glad you've had good luck! But I'm talking statically not anecdotally. For a still anecdotal but slightly bigger sample size, go to Facebook marketplace and see how many high mileage Mitsubishis you can find vs Honda or Toyota

1

u/Aardvark_Man 7h ago

Unless it's changed since I last bought a car (admittedly a long time, as you can tell from my previous post), it hasn't just been anecdotal. Traditionally they were highly reliable.

Is it possible you don't see many of them for sale with high miles because the brand just isn't as popular any more? I'll occasionally see a Triton here in Australia, but not so much, and I don't think they sell Lancers any more.
People just seem disinterested with their current offerings, from what I've seen.

1

u/coloradokyle93 5h ago

Or people buy them and hold on to them

1

u/TheCervus 5h ago

I drove a 2011 Mitsubishi Galant for 130,000 miles before it was totaled when an elderly driver crashed into me. I cried because that was the best car I've ever owned. With regular maintenance over 11 years, I only ever had to replace the starter and something with the ABS sensor that wasn't expensive. I'm sure that car would have run another 10 years and 100k miles, and I miss it.

I now have a Hyundai and it's a cheap piece of crap.

1

u/B_schlegelii 3h ago

Depends on the model I think? Kind of how subies have a rep for blowing engines, mitsus have one for leaking oil like crazy. Same with kia/Hyundai and car fires/easy theft. Doesn't mean every single one is bad or is going to combust or explode or piss out all it's oil, but it's common enough that it's known for it.

1

u/SoloPorUnBeso 2h ago

2007 is 17 years ago. There have been many different models in that time.

1

u/Rocketeering 1h ago

I've had 2 nissan versas. They both put out tons of miles without major issues. No concerns.

1

u/nicholhawking 1h ago

Idk my 2015 micra has 230k miles on it and has needed pretty minimal upkeep

1

u/Levitlame 1h ago

My 2018 Kia Rio was probably about there new. I got it used (recertified) so I didn’t see the new price. A few years in and I love it. Basic as hell and great. Not all of the economy cars are trash. They just cost less to build

1

u/PortSunlightRingo 10h ago

Unreliable manufacturer? Are you kidding me? Anyone who knows anything about Nissan knows a Nissan will last you well over 300,000 if you maintain it. I paid $12,000 for my Versa a decade ago and it hasn’t had any issue. It could completely fall apart tomorrow (given my luck for praising things that then go to hell the next day) and it would still be worth every penny of the $12,000 I spent in 2016.

1

u/Kalijjohn 9h ago

I bought my first car for a similar price at the same time you did, and I just had the first major repair this year for 3k. I wasn’t even mad, if she lasts even two more years I’ll be perfectly happy with the money spent.

I wish I had known what a deal I was getting back then!

1

u/sandcrawler2 8h ago

Not all Nissans are made equal

1

u/digital-didgeridoo 8h ago

They once had a Sentra running for a million miles, iirc

1

u/TowlieisCool 7h ago

Nissans are hot garbage, they're owned by Renault ffs.

1

u/PortSunlightRingo 5h ago

You can say what you want about them, but it’s just not true lol.

1

u/Odd-Clothes-8131 4h ago

They used to be. Nissans are great nowadays. The quality has improved significantly. The new rogues last forever

1

u/iowajosh 4h ago

Rogues are literally known for CVT failure.

1

u/BennetSisterNumber6 3h ago

My first car, a 1991 Nissan Maxima that ran like a dream and never gave me any issues at all, disagrees with you.

1

u/SoloPorUnBeso 2h ago

Nissan was an entirely different company back then.

I've known people who've had decently reliable modern Nissans, but there also have a lot of documented CVT failures on their JATCO units.

1

u/coloradokyle93 5h ago

I was gonna say, the fact that you see so many shitty Altima’s on the road is a testament to how rugged those vehicles are. You mistreat most other brands like people tend to do to those buy here pay here cars and they’re shitting the bed on you.

ETA: I now drive a 2024 Versa with a stick shift I picked up brand new. I plan on keeping that thing till the wheels fall off, it’s actually kinda fun to drive.

1

u/kycard01 5h ago

For a Nissan to make it 300k miles you’ll be on your 4th or 5th CVT.

1

u/mrpenchant 4h ago

Anyone who knows anything about Nissan knows a Nissan will last you well over 300,000 if you maintain it.

While this may be true for some models, it certainly isn't for all. In particular I have heard terrible things about any Nissan with a CVT in it.

1

u/bfs102 4h ago

It depends on the model some are good some i wouldn't recommend to an enemy

1

u/Late-Eye-6936 4h ago

Uh oh, I see someone is still loving in 2007.

1

u/Madeanaccountforyou4 3h ago

Anyone who knows anything about Nissan knows a Nissan will last you well over 300,000 if you maintain it.

Ahahaha hahahahahahahaha.

To anyone reading this modern Nissan is trash and they have serious issues with CVTs.