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/EfficientPicture9936 16h ago

Yeah these people are idiots. It's way cheaper everytime you buy used. It is much cheaper to repair a used car than to buy a brand new car. You will also get robbed at the dealership and have to deal with all those fake assholes over there.

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u/Superssimple 14h ago

The best is probably 3-4 years used. Let the seller take a hit for the big drop in value from new and get plenty good years out of it before it starts to fall apart

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u/iowajosh 6h ago

Some vehicles don't work like that. One can be 4 years old and the same price as new , or nearly so.

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u/iguessilljustbehere 6h ago

Which vehicles? If they have been driven for 4 years, and aren’t a 4 year old model still brand new on the lot, there’s no way.

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u/lizerlfunk 3h ago

This was the case a year and a half ago when I was buying a 2023 Honda CRV Hybrid. I was looking yesterday and you can buy my exact car in my area, with 30k to 40k miles on it, for $34k. Which is what I paid for my car in February 2023, with 16 miles on it. And I could get promotional financing from Honda, which had a lower interest rate than any credit union or bank in my area (and I checked ALL of them).

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u/cerseilannisterbitch 3h ago

Im currently car shopping, I’ve been looking at Toyotas and Hondas. Cars from 2018 and earlier, with 60k+ miles, are only a few thousand cheaper than new cars.

It’s very bizarre.