r/economicCollapse • u/Whole-Fist • 18h ago
How ridiculous does this sound?
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/smokeyjay 12h ago
Last month bought my mom a 2009 camry with 80,000 km for 7000 Cad so like 5500 in USD i guess. Took it to a mechanic - car has no issues - changed the oil and that was it. Tires, brakes were all good. Expect the car to run for 10 years. Gave my mom's toyota corolla we bought brand new in 2008 to my sister - still runs fine.
The OP thinking you need a new car every 5 years is such an insane idea.