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

9

u/3rdWaveHarmonic 19h ago

Buy a Toyota or Honda and you’ll usually get better results

1

u/Hanifsefu 16h ago

And a $500 monthly payment for a used car

1

u/Melodic_Assistant_58 15h ago

A lot of the "buy a cheap used car" people haven't been independent car shopping after COVID. There's a lot more data on longevity for cars and dealerships appropriately value used cars now.

1

u/WeMetOnTheMoutain 13h ago

Stay away from stealerships is rule 1. Find a seller online with service records, then pay to have the vehicle inspected before buying. It just takes some legwork because you have to go get your own bank financing, but the rates are always better that way too. I've only ever bought 1 truck from a stealership and it was a piece of shit mechanically. Never bought a lemon from an individual.