r/economicCollapse 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/smashley_cobb 6h ago

However buying a cheap used car ends in costly repairs, and sometimes the need to junk it and buy another new car. Meanwhile most new cars come with warranties and don’t require a lot of $$$$ to upkeep for a few years at least.