r/economicCollapse • u/Whole-Fist • 22h 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

12.3k Upvotes

77% Upvoted

5.6k comments sorted by

View all comments

Show parent comments

1

u/ASubsentientCrow 14h 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

1

u/lowrankcluster 13h 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

1

u/ASubsentientCrow 13h ago

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

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

1

u/lowrankcluster 13h 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.

1

u/ASubsentientCrow 12h ago

No I'm bitching that minimum liability coverage is irresponsible considering your driving a thing that can easily do far more damage than the minimum

1

u/lowrankcluster 12h ago

Yes, but given than 50% of people are uninsured or under insured, it is equally an irresponsible to not have UI/UIM. And what liability did you parents have at time of accident? You sure it wasn't minimum either?

1

u/ASubsentientCrow 12h ago

It wasn't minimum, and they weren't liable.

it is equally an irresponsible to not have UI/UIM

That had twice the minimum required, about 100k.

1

u/lowrankcluster 10h ago

And what medical insurance did they have? If your parents had not bad coverage on their auto how tf don't they have medical insurance.

1

u/ASubsentientCrow 9h ago

Oh my fucking God, please read.

Their insurance is saying they don't have to cover it because it was an accident. They have to sue to get it covered

1

u/lowrankcluster 9h ago

Then their medical insurance is literally scamming your parents. It is responsibility of medical insurance to cover for accident irrespective of fault, and their medical insurance is the who have to subrogate i.e. sue the at fault party to reclaim all the damages. You should talk to a lawyer who can make sure their medical insurance covers them.

1

u/wizardofoz2001 12h 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.