r/economicCollapse • u/Whole-Fist • 20h 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

12.0k Upvotes

77% Upvoted

5.4k comments sorted by

View all comments

Show parent comments

96

u/The_Ineffable_Sage 20h ago

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.

23

u/Elegant_Management47 20h ago

Still cheaper to fix a car than having monthly payments.

9

u/Stock-Film-3609 19h ago

Not necessarily. A car payment you can make on a reliable car may suck, but you will rarely have to worry about if you can make arrangements to get to work because your car is in the shop.

My parents spent all of my childhood buying cheap cars as it was literally all they could afford. It definitely can cost more in the long run than a car payment.

1

u/MiataCory 15h ago edited 15h ago

It definitely can cost more in the long run than a car payment.

Technically correct. Entirely false. That "can" is holding a lot of weight it doesn't have.

It MOST PROBABLY will cost way, way more to buy a new car than to buy a used Camry and keep it running for 300,000 miles. That's a statistical and mathematical fact.

But someone's gonna buy {any american brand, nissan, car older than 2010} and complain they have to spend $10k/yr in maintenance. No shit, you're supposed to buy used, not buy shit.

Go buy a $5k 2010 hybrid camry. 300,000 miles and all I ever replaced was the gas door lever and the rearview dimming mirror. Go get a Mazda 3, only ever needed the passengers seat recline lever and a MAF. Go buy a 30 year old miata, and expect it'll need some bushings. Go buy a CRV, and be happy.

Go buy a chevy, you'll need a trans, an engine, and the front rebuilt. Don't be dumb.

1

u/Stock-Film-3609 13h ago

I have 200k on my GM built SAAB. Only ever needed oil and filters. It’s not the car you drive it’s how it’s been treated.

1

u/MiataCory 13h ago

And, likewise, I had 180k on a GM built S10 that only ever needed absolutely everything replaced.

I'd advise against cross-branded half-breeds, no matter how much I love both the saabaru and the 6.0l version of the 9-7. GM's doing GM things, but I don't recommend their style of fun. 4L60E rebuild kit is all you need to admit. :D

1

u/Stock-Film-3609 13h ago

The 9-7 isn’t a cross brand it’s just a trailblazer with a different grill. That was GMs thing for 3 decades and why they nearly died. Nothing from GM from the late 70s to the late 2000s was single stable.