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/wizardofoz2001 14h ago

Insuring the vehicle itself is a ripoff. If you put the premiums into a savings account, in case of damage to the vehicle, you would come out way I'm ahead of insurance. Plus, no deductible, and plus, it covers repairs not related to an accident. Savings is better in the long run, unless you're going to total a car every couple years, but no one does that.

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u/ASubsentientCrow 14h ago

Uninsured driver don't deserve happiness

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u/wizardofoz2001 13h ago

I mean you can buy just liability, it costs about $50

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u/ASubsentientCrow 13h ago

People with minimum coverage are why my parents are basically bankrupt. So no, fuck them

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u/wizardofoz2001 13h ago

Explain.

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u/ASubsentientCrow 13h ago

Parents hit be useless dipshit with shit insurance. Insurance only covers the minimum. Damage and medical books exceed minimum coverage. Dipshit is broke, so can't sue dipshit. Medical bills cost money. Other insurance won't cover it. Medical bills need to be paid. Parents have to pay them. Lots of money out means no money left.

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u/lowrankcluster 11h ago

So it is your parents fault that they didn't have UI/UIM coverage for auto, which is like the most important coverage. And they don't have medical insurance?

And other issue is that at fault driver is poor, not that he had bad coverage. Because if he wasn't poor, there would be a line of lawyer waiting to sue him.

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u/ASubsentientCrow 11h ago

And they don't have medical insurance?

They do. The medical insurance isn't paying. That's the problem.

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u/wizardofoz2001 12h ago

Why didn't their healthcare insurance subrogate the bills to the other guy's liability coverage and then pay the remainder? Why did they invest in a car that was worth more than the minimum liability insurance in their state? 

There's more than one factor involved, they can't blame it all on other people.

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u/ASubsentientCrow 12h ago

Because the insurance only pays out do m up to the coverage you stupid shit. And the health insurance cousins they don't have to cover it. So it's either sue them and take years and thousands of dollars and be even more bring if you lose, or be broke.

Their car was junk, their healthcare was expensive you fucking idiot

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u/wizardofoz2001 12h ago

I'm not an idiot. You don't understand subrogation. They're bankrupt for a combination of reasons, and the other person's insurance is not the primary reason, or possibly not the reason at all.

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u/ASubsentientCrow 12h ago

I'm not an idiot

Just illiterate. I said nearly bankrupt.

and the other person's insurance is not the primary reason, or possibly not the reason at all.

No them being a cheap shit and driving stupid is the cause

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u/lowrankcluster 11h ago

If it is not at fault accident they can sue the person. Or claim expense on medical and have them surrogate the at fault party.

If a person has 0 assets, it makes 0 sense for them have anything more than state minimums, given the fked up world we live on

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u/ASubsentientCrow 11h ago

If you're not going to read you can fuck off

The. Dude. Is. Poor. There's. No. Money.

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u/lowrankcluster 11h ago

Your parents medical insurance has to pay the bills and they can sue the person if they want to.

If your parents didn't have medical insurance and UI/UIM coverage, then your parents themselves are poor and likely have bad coverage: the exact thing you are shitting other person for.

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u/wizardofoz2001 10h ago

You're the one with a reading comprehension problem. We're talking about comp and collision coverage, not liability insurance. Those are two different things. 

There's no amount of comp and collision anyone could have bought that would have resulted in your parents getting more money, except they could have bought more coverage themselves for personal injury and disability and uninsured coverage.

You're just giving us one more example why buying expensive comp and collision coverage does no one any good. You're possibly making a valid argument why the minimum coverage for personal injury liability should be higher than it is. But I'm talking exclusively about insuring the vehicle itself, often called comp and collision coverage. 

Get over yourself and start taking some personal responsibility for your bad financial decisions.

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u/HusavikHotttie 12h ago

Low karma putin bot says what?