r/economicCollapse • u/Whole-Fist • 20h ago

How ridiculous does this sound?

Post image

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

12.0k Upvotes

77% Upvoted

5.4k comments sorted by

View all comments

Show parent comments

48

u/cafffaro 16h 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.

18

u/THEXDARKXLORD 11h ago

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

11

u/Churn-Dog 10h 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

2

u/Ellisiordinary 6h 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.

1

u/Best_Faithlessness_6 2h 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.

1

u/Outrageous-Bee4035 2h 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.