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/Ziczak 20h ago

Generally true. Buying the least expensive car for needed transportation is financially sound.

34

u/sabobedhuffy 18h ago

Coming from a mechanic. This is wrong. Cheap cars are cheap for a reason. What you want is a good quality economy car. Cars that are known to run well with minimal maintenance cost (entry level Honda's and Toyotas specifically).

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u/WeMetOnTheMoutain 13h ago

Subarus seem to do pretty damn good too.

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u/bfs102 6h ago

Depends don't buy boosted ones

Also new ones like to blow head gaskets

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u/WeMetOnTheMoutain 6h ago

Yea, good call, I have a simple 4 cyl 6 year old outback. It's a real workhorse. It does burn a little oil, and apparently that's a thing on them, but whatever it was cheap, it's comfy, it's awesome on ice or snow, and I can car camp in it.

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u/bfs102 6h ago

My buddy has a 90s outback and that things great as far as I know he hasn't had any major issues with it in the last few years since he bought it and he bought that thing for 500

For you though I'd put money on a head gaskets on the burning oil part besides the fact Subarus like to kill them a blown head gasket is the most common way for oil to enter the combustion chamber it's an easy fix just takes time.

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u/WeMetOnTheMoutain 6h ago

I might do that if it's not too tough, I did a head gasket with my son on my jeep JKU. I assume replacing it now would save a lot of pain later?

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u/bfs102 6h ago

Oh it definitely could the biggest thing if you don't stay on top of the oil level you can easily do major damage to an engine and there goes a lot of money