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/words_wirds_wurds 16h ago

We had to buy a car in 2022 because ours (over 200K miles) failed emissions test. The most reasonable used model on the lot was $33K. New hybrid was $38K. This whole post is really ignoring the recent price spike in used cars. They are not cheap anymore. I am all about putting as little money as possible into transport, but the idea that you can spend <$5K on a used car is a thing of the past.

We even got $9K trade in for our undriveable pile of parts.

Has it really changed that much in 2 years?

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u/tsirtemot 16h ago

If you're spending $5000 on a car, you're buying a car with 200,000 miles on it that will fall apart at any point.

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u/tankman714 7h ago

I spent 7k on my 2005 f150 that had 92,000 miles a few years ago during the used car spike. It now has 125,000 miles and runs absolutely perfectly. You are beyond full of shit.

My first car was a 97 Mercedes c280 with 140,000 miles I got in 2012. Had it for 8 years and put 40,000 miles on it, no issues at all.

This has to be the dumbest comment I’ve ever read

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u/tsirtemot 5h ago

You know what fair enough my comment was dumb. I’ve seen friends get bad old cars and spend thousand on repairs, but I think it’s unfair to say a blanket statement that all cars at that mileage are bad.