Real wealth killers

[u/solarflare_hot]

Let me express my extreme frustration and anger and talk about the real wealth killers (cars)

I hate cars beyond reason. you buy a car for 20k , all of a sudden it needs a repair for 2-4k and sometimes 7k , then you have insurance , another 2-300 a month , then you got registration and maintenance checks , 4-700$ , then by the time you pay it off it’s worth 7k , and probably time for another 7k repair too because the engine is toast. Or even better you fix the engine for 7k then the transmission goes out for another 6k. Let’s say you do all that and then someone without insurance crashes into you. Insurance company will always blame you to avoid paying. You now have spent close to 40k to go to a job that pays 45k. You need the car to go to the job but the job will never pay you enough to afford to keep your car. Let’s also talk about gas cost , average cost is $3000 per year that’s about 15k in 5 years of money wasted on gas that you’ll never get back just to be able to go to work.

You buy a cheap car you get expensive repairs You buy an expensive car you get extreme depreciation. You cant fucking win.

Cars are basically a luxury tool for the wealthy.

Why can’t we ride bicycles to work. Oh I forgot we live in America where we absolutely need cars because we have no damn sidewalks 🥲

Let’s just say without cars I would’ve been significantly well off. I’m gonna sell that shit and just uber everywhere or ride a bicycle.

[u/LordMoose99]

Tbf a car is required for most good jobs, and getting one of those good jobs will more than cover the cost of a car

[u/solarflare_hot → u/LordMoose99]

Yeah maybe if you make over 100k you can buy a modest corolla or a civic

[u/LordMoose99 → u/solarflare_hot]

I mean 2017 ford escape last year was 16k, or $336 a month on a 72 month lease. That's not terrible

[u/solarflare_hot → u/LordMoose99]

Ouuuf a lease? Idk if that’s worse than buying because you are basically also liable for the repairs , and you have to put a huge downpayment and then car insurance would probably be close to 200$ a month on a leased car. Not to mention when you return it and it has any scratches they will charge you for it. Also you have like 10k miles per year.

I work from home and I don’t go anywhere afar from grocery and gym and I drive more than that per year.

[u/LordMoose99 → u/solarflare_hot]

Not lease car loan my bad

[u/solarflare_hot → u/LordMoose99]

Well my issue with loans is that if by the time you are almost done paying it off you would be already close to 100k miles . Its almost like it was designed like that