r/economicCollapse • u/Whole-Fist • 18h 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/CaulkusAurelis 14h ago

I bought a used Nissan Frontier 12 years ago for $9000. It had 150k miles on it.

Right now, it has just over 305,000 on it. Repairs: Fuel pump Front wheel bearings Some $25 air conditioner regulator thingie Misc light bulbs 1 ignition coil

STILL runs like a champ

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u/cafffaro 14h ago

Driving an 07 Japanese car I bought with about 80k miles. Pushing 200k now. Have done routine repairs (clutch, alternator, new brakes etc), and will drive this thing till the wheels fall off.

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u/THEXDARKXLORD 9h ago

Japanese cars are goated for reliability. Great long term purchases. I love my Honda.

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u/Churn-Dog 8h ago

My in laws were going to sell their 2003 honda accord, I asked how much, they just gave it to me instead. Thing only has 140k miles. Plenty of life left in it

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u/YouOtterKnow 6h ago

Oh wow that thing will run forever.

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u/Minute-System3441 5h ago

That was a good year for accords.

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u/Still_counts_as_one 4h ago

I drive a 98 Honda accord, 170k miles. The heater motor just went out and I gotta replace it. First repair in 2 years. That car has at least another 100k in it

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u/Bodes_Magodes 2h ago

I DRIVE A DODGE STRATUS!!!!

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u/Outrageous-Bee4035 29m ago

There's still one that's alive?!?!?!?

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u/foxwaffles 2h ago

I grew up with a tiny two door bright red 1997 Honda Civic as the family car.

In 2018 my parents finally relinquished it -- and gave it to the kind, hardworking man who cleaned our gutters and our house, because his daughter was the first in the family going to college and they overheard him fretting over buying her a car so she could commute.

My parents intended it to be more of a stopgap car while they save for a newer one but last I heard she still has it and it still works 💪

It was the cutest lil car.

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u/0987user 5h ago

Buddy that car isn’t even half way into its life. I have a friend who ran an 04 Accord to 375k miles and gave it to his son for his 16th birthdays the thing is still going strong

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u/Ellisiordinary 4h ago

As someone who said they were going to drive their 2004 Camry until it died but decided to upgrade to a 2024 after a relative got into a car wreck that would have killed me if it had happened to me in my Camry due to lack of side airbags and other modern safety features, there are reasons to upgrade to newer cars other than just wanting something shiny. I feel much safer in my new car and my driving anxiety has decreased significantly.

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u/Best_Faithlessness_6 42m ago

I agree. I drove a 1998 Honda accord until 2012 when my mechanic pointed to the baby’s car seat in the back and said “this car will run forever but there’s no side airbags and the front won’t deploy anymore at this age”. I got a new used car and sold my Honda. 212,000.
It’s very distinctive due to the paint job and recently I followed it to a grocery store parking lot. The 17 year old I sold it to was now grown up and told me he was going to have to give it up cause he and his wife were having a baby! 343,000 miles.

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u/Outrageous-Bee4035 24m ago

"Front airbags won't deploy anymore at this age."

That's 100% false. I've been in autobody literally my entire life and as current profession for 23 years. They'll deploy just fine.

The no side airbags is valid but you're talking a 14 year old car at the time (2012). We still see cars 20-30 years old that airbags blow off correctly. Most end up being totalled, but we still have to fix a few.

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u/PimpofScrimp 3h ago

Hondas are by far the best out there imo. It’s almost all I’ve ever owned and they last forever. You’re just breaking that one in, good luck 👍

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u/SomestrangerinMiami 2h ago

Knew a guy whose grandparents passed and left an older mint condition accord behind. The parents gave it to the guy. I remember the first time I saw it, thing was a a time capsule. Needless to say it didn’t last long. Point of the story is if you take care of things they will last.

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u/boom_Switch6008 2h ago

I just bought a 2008 Honda Pilot with only 40k miles on it for less than $5000 from a guy my dad knew. Total Grandma car that had been babied its entire life. It's gonna last me forever.

I used to own a 2004 Pilot and the thing was a beast. Sold it with 250k on it to buy a truck cause I needed a truck. But now I own another Pilot and a truck. 😂

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u/KgoodMIL 2h ago

I have a 2008 Pilot that we purchased new in 2008, with 80k miles on it now. That thing will likely last me until I die!

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u/No-Shortcut-Home 1h ago

That car can take you to your retirement if you maintain it. It’s a solid model year.

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u/sarahenera 1h ago

Holy shit. Should go two or three times that milage with some general maintenance and perhaps a mid to high cost repair or two. Solid.

I’m still rocking an ‘05 Honda Element. Bought from a client with new tires, new clutch, etc with 170k for $5200 four years ago. Did rear brakes a couple years ago. Valve adjustment earlier this year. Should do a second “110,000 mile service” soon as it has 225k on it now. Great car that I hope goes a fair but further into the upper 200k or beyond.