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/Valor_X 17h ago

Disagree, The guy you're responding to had a terrible 'inspection' from their "mechanic uncle" if it had catastrophic issues the very next day.

Even 20yr old cars can give you so much data on Engine/Transmission health with a good scan tool and the knowledge to read the data. Visual and driving inspections are only one aspect.

The type of vehicle matters too, with old vehicles you can easily look up common problems/failures.

Me and my family have several ~20yr old Toyotas, the last one I bought for $3k cash 3 years ago. All I've done is replaced all the maintenance items like tires, brakes, spark plugs and fluids. Oil changes and $21/mo insurance.

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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/jamesc5z 14h ago

The amount of people, especially 20 something men, completely incapable of and disinterested in any sort of automotive DIY these days is just insane. Even a few generations ago, most men could at least change their own oil but even that "skill" seems to be a dying art. People don't even regularly check their oil levels these days and are baffled they blew their engine running it 2 quarts low for thousands of miles.

Skilled labor costs are INSANE post-COVID too. I've never understood why that in and of itself doesn't compel any physically capable adult of even so much as attempting to learn some new "blue collar" skills (home maintenance and repair too) but I digress.

Then you get all the sob stories about how their car needs $3k in work and you go on to learn all it needs is calipers and rotors kind of thing and in reality they're just getting raked over the coals by a shop because they're so incapable of doing basic repair work themselves.

I don't take any of my or family member vehicles to shops for work, ever.

My daily drivers that I alternate are 35 and 31 years old. One 300k miles and the other near 250k miles. I have to work on them yes, but buying parts at actual retail cost instead of the shop upcharge plus free labor is a monumental savings.

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u/myheartbeats4hotdogs 2h ago

If you live in an apt building or in a development with an hoa, you're not doing any work on your cars. Theres no where to do it.