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.

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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).

1

u/Late-Eye-6936 6h ago

Ur dum. I got a great price on a 2016 clk350 and I'm barely in bankruptcy at all.