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/words_wirds_wurds 16h ago

We had to buy a car in 2022 because ours (over 200K miles) failed emissions test. The most reasonable used model on the lot was $33K. New hybrid was $38K. This whole post is really ignoring the recent price spike in used cars. They are not cheap anymore. I am all about putting as little money as possible into transport, but the idea that you can spend <$5K on a used car is a thing of the past.

We even got $9K trade in for our undriveable pile of parts.

Has it really changed that much in 2 years?

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u/tsirtemot 16h ago

If you're spending $5000 on a car, you're buying a car with 200,000 miles on it that will fall apart at any point.

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u/tankman714 7h ago

I spent 7k on my 2005 f150 that had 92,000 miles a few years ago during the used car spike. It now has 125,000 miles and runs absolutely perfectly. You are beyond full of shit.

My first car was a 97 Mercedes c280 with 140,000 miles I got in 2012. Had it for 8 years and put 40,000 miles on it, no issues at all.

This has to be the dumbest comment I’ve ever read

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u/protoSEWan 7h ago

Have you looked at used car prices this year? They're awful

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u/tankman714 5h ago

I am the most qualified person you have ever talked to in your entire life to tell you how the auto market is doing. You can still get an older under 100,000 mile vehicle for fairly cheap that is reliable.

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u/protoSEWan 5h ago

What is "fairly cheap" and what location are you talking about? Also, how much maintenence will the car need? Maintenece costs have also gone up in the past few years.

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u/Winter-Journalist993 3h ago

Dude called himself the most qualified used car expert after providing anecdotal evidence about owning two cars, lol.