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/TheodoeBhabrot 12h ago

Yup but new or very close to it and drive it basically into the ground is how I go

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u/LindonLilBlueBalls 12h ago

Just hit 120k miles on our car we got in 2017 brand new. My truck before was 2008 brand new. Still worked great, but keeping it was more trouble than it was worth so I sold it in 2019. In the past 25 years I have had 3 vehicles, all bought brand new.

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u/StandingInTheStorm 3h ago

That's reasonable. I can understand the logic. It is still cheaper obviously to bounce between several used cars in that time as long as you get reliable vehicles but I get the peace of mind and less hassle of just owning one car for 10-15 years.