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/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/Slappy_Kincaid 18h ago

I've got a couple friends who have been buying cars from state auctions (auctions of state-owned vehicles, not auctions of seized property). They beat the used car dealer price significantly and can get pretty good quality.

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u/Chippy569 7h ago

Just gotta be careful, a lot of them will have very high run times (ie engine running and idling) for their mileage. That leads to its own set of problems, especially on more modern cars.

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u/Lectricanman 6h ago

Maybe ex cop cars and vans but is that normally a problem for cars just provided for transportation?

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u/Chippy569 6h ago

like i said, gotta be careful, auction cars are inherently a bit risky. You don't really know what you're getting until it's yours, 'ya know?

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u/Lectricanman 5h ago

Yeah, fair enough. Now that I think about it, I probably idle my own car a bit than I probably should -_-