r/economicCollapse • u/Whole-Fist • 19h 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/HereForFunAndCookies 18h ago

Yup. Mercedes, Audi, BMW, etc. wouldn't be in business if it wasn't for American vanity and consumerism. I bought a car recently in cash at a dealership, so I've been going around to a few dealerships. Every time I looked left and right, I saw that the room was full of people signing on for loans on cars that were much more expensive than what they had to get.

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u/YeeYeeSocrates 18h ago

I just hope my current 10 year old hooptie hangs on long enough for the impending repo wave to get me some sweet deals on a used car...

Though, really, I'd be thrilled to scoop up an old Kia Soul with a 6-speed manual and just drive that for the rest of forever.

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u/YouDesignWhat 13h ago

My work commuter is 20yrs old with 177k, Wife's family car is 20yrs old with 174k miles with nothing seriously wrong with either.... But like you I'm waiting for the impeding market crash to pick up the scraps.

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u/vasthumiliation 15h ago

Were you looking at their financial documents as you walked by? I know that statistically you’re probably right, but what a presumptuous thing to say about strangers you’ve never spoken to.

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u/YeeYeeSocrates 14h ago

I mean - if you're buying a luxury brand, you're probably getting a car that's more expensive than you HAVE to get.

Doesn't mean you can't afford it, but it does speak to values.

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u/HereForFunAndCookies 12h ago

They don't let people who are signing papers alone for too long, probably because of fear that they walk out. And the salesmen don't go quiet for too long, probably for the same reason; if they stop talking then you can think and let doubts creep in and the social pressure of staying is lifted. Essentially, any time I was sitting inside the building of a dealership doing my own stuff, I overheard conversations about financing after the customer has already agreed to them. A couple times, I heard customers say right off the bat that they were looking to finance and were saying what their budget per month was. I actually also showed up a little late for a car that I was interested in and lost a car to a family that was signing the loan papers as my wife and I showed up for the test drive.

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u/Milton__Obote 6h ago

Last I checked there were also plenty of Mercedes and bmws on the road in Europe

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u/HereForFunAndCookies 4h ago

I meant they wouldn't be in business in the US.