yes obviously. All the costs go up together the more you spend on a car.
More expensive car has higher insurance + higher maintenance costs + premium gas + bad gas mileage + more expensive tires etc etc etc

Neither of them are rich.

>spend 40k on a new car
>drive at least two years without any fixup costs

>spend 4k on le beater
>spend 10k a year on retarded shit that keeps failing like rubber parts or entire engines failing due to the previous 5 hands having neglected oil changes

Yeah it is cheaper. Kinda

what most people completely ignore is the fact that the time of good old beaters is almost over.
80s, 90s and 00s had incredibly simple cars you could choose from that were easy to fix even when they got old.
those cars are now 20-40 years old and parts are getting rare -> expensive. also, parts itself can be fucked by now since they're out of production for years and degraded sitting in warehouses.

so if you're getting a beater in 2035 made in 2015 there's a big chance you won't be able to fix it on your own and repair shops will have moved on and may not want to work on your pile.
driving a 20 years old car used to be a perfectly viable choice a couple years ago and for the most part still is but people think this will be forever like this which is simply not he case.

>>28824436
This doesnt happen

>>28824436
This. Literally nobody even thinks to change the oil in their car. You're better off buying new and not having to worry about how the previous retards abused the car before you got it. Not to mention transmission failure which costs as much as buying another car to replace.

>>28824443
cash for clunkers makes me weep for all of the reliable v8's sent to early graves just so cunty politicians could cunt on about more fuel efficient/less polluting vehicles, and stimulating the auto industry.
such a stupid, stupid retarded idea.
a vehicle that's already been made, and will continue to run for YEARS is more environmentally friendly than making an entirely new shitmobile that gets a few more MPG.

>>28824449
>a vehicle that's already been made, and will continue to run for YEARS is more environmentally friendly
That's exactly why they hate old cars still being in use, standing in the way of consooming

How worth it is it to learn how to do stuff myself
I want to make my old car last as long as possible but aside from learning how to do oil changes other things seem pretty complicated and a bad idea if I fuck it up
But shops around here seem to keep trying to rip me off, I always go asking about 1 thing and they find 5 things wrong and want to charge me thousands
Do I just drive until my car explodes?

>>28824470
learning how to do things, and being self sufficient is almost always worth it. You'd be amazed at what you can learn to do with a bit of patience, an IQ of around 100 and youtube
>t. midwit
My last car was a 2011 BMW 135i and was having all sorts of BMW moments, I went from being a total wrenchlet to a mere incompetent by watching YT videos and just ordering the parts from FCPEURO and trying
>valve cover/gasket
>downpipe/cat
>coils, plugs, injectors
>wheel speed sensors
etc.. all pretty easy fixes, but saved me thousands compared to what a shop would have charged. (the wheel speed sensor alone was a $600 quote from the dealership, for a $40 dollar part)

>>28824481
How did you learn to tell when something needed repairs? Obviously if your car is making a weird noise you can do research, if it won't start it must be something like the battery, you can check your oil levels easy, etc.
But I'll take it to a place for a single thing and they can name off a whole laundry list of shit I would never notice, acting like I'm a couple drives away from the car falling apart.

>>28824419
Short answer, yes. Cars are expensive tools, nothing more. Treat them as a status symbol and your future self will want to kick your teeth out for it. Don't ask me how I know.

>>28824486
In this case it was that it would repeatedly go into limp mode; hell the day after i bought it, middle of a busy street it just fucking died. 92k miles, looked nice, but just didn't run right. I knew nothing about cars, and the dealer obviously picked up on it.
I got a scan tool, and did research on the diagnostic codes.
In my case the tool was coming back w/ codes relating to the ignition system; so starting with the cheapest fixes: new spark plugs, then new ignition coils. When the limp mode continued, I pulled the injectors
all six of them were installed improperly (there's a decoupling washer/ring between the injector and cylinder; this was missing on all six. which messed up the fuel spray pattern, leading to bad combustion.) So $120 or so in parts, and voila -- car was fixed.

Get a scan tool, if any problem codes are present, start looking there.

>>28824419
sort of. suffering for no reason won't make you richer, it'll just make you suffer. learn more about cars and it will open up more opportunities to own one that's inexpensive, doesn't require giving up every single comfort, and won't bleed you dry

>>28824419
No, you should only have a bicycle.

>>28824449
I used to think this way, then I looked at what actually got clunkered and it's all Fords nobody was going to want anyways. Around 5% of what was already on the road. Most people simply traded in for even worse mpg cars. Failure of a program at all levels.

depends on what they mean by "piece of shit beater" if it's reliable,safe to drive and not a moneypit i'd say yes

>>28824436
i bought a car for $600 in 2017, it was 21 years old. I've probably spent $3k total on repairs and maintenance, plus $2500 on new paint. the car is now worth ~$7500

>>28824419
skipping the car payment will free up cash flow
but
you will not get rich by spending less. you will avoid poverty by spending less, but you will not get rich.

>>28824583
An excellent point. Rich people don't get rich by avoiding expenses, they do it by making shit tons of money (and avoiding expenses). Of course, parts add up, so getting the clunker of Theseus that needs every part changed out isn't going to save you anything over a brand new shitbox.

No
Driving a beater can at best keep you not poor, it doesn't make you rich
>>28824641
I'm not rich, but if i buy a $5k shitbox versus a $50k car, i save $45k... a promotion at my job or some good investments can EASILY make that money back in a year.
Thats what you should be thinking about, being competent at your job and investing wisely, not trying to save some pennies here and there
thats also why i get uberjeets all the time. Saving like $5k on food a year is meaningless in the grand scheme of things.

>>28824419
I know several actual rich people from my job in tech (I report directly to the owner of my company, he's quite wealthy). They all drive nice cars. Every single one of them. This 'I'm rich because I drive a beater' is just poorfag cope. Actual rich people look at buying a nice car the way us normies look at buying a TV.

>>28824419
sir mixalot taught me more than these nobodies

>>28824436
and still cheaper than the new car unless you blow up an engine every year for four years

>>28824583
>>28824641
You two do realize living below your means gifts you more capital to make more money with right?

A low cost low maintence 90s car saves so much money long term its unreal. No intrest rates, no fear of depreciation, no expensive electronics that can blow, no surveillance or self snitching components in sight. Truly bliss.

>>28824650
You could have a promotion and save 45k at the same time.

>>28824661
well my point is that, that $45k is negligible in the grand scheme of things, because all sorts of random events can come up (if you act intelligently), where you can make that money back and much more.
you dont need to save pennies, losing $45k is not going to make me go homeless

>>28824419
I know a guy who got rich in construction. He does government construction contracts(he's a company owner not a construction worker just in case if it's not clear), roads and whatnot. He owns some Bentley for special occasions but if he rolls down to the store or to the construction site he'll be driving his 25 years old nigsan. As he was getting there he also typically drove cars that were over 10 years old.

Did he get rich because he drove a beater? No he got rich because he probably knows some local government people who make sure he's the one who gets their contracts, but the beater daily driver is something showing a mindset that helped him get there.

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>>28824436
>Buy beater Corolla for $2,800 in 2012.
>Drive it 200,000+ miles
>Average yearly repair bill is under $400
>Monthly insurance is $45
>37Mpg all day every day
Gets me through life until I got a six figure job.
>Sell it (301,000miles) for $700 to a old guy.
>Dude has put another 40,000mi on it already
>Still going at 340,000 miles.

Get GUD anon.

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>>28824436
If you think it takes 10K a year, you don't have experience driving beaters and you're coping with your ursury. Or maybe you do, you're just that fucking bad at choosing cars. I don't know. Either way you deserve to overpay for your stupidity.

>>28824436
>spend 10k a year
This is so absurd it outs your entire post. Either a troll or so laughably ignorant it's sad. Sorry your dad was a retard.

I drove a $600 junkyard 92 Explorer with ??? miles on it for 6 years. My annual cost of repairs and maintenance was <$1000 when averaged out. In that time it needed one brake job, one set of tires, one new transmission, and one 4wd diagnostic. That was well under $5k total.

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>>28824419
>If you buy/drive an inexpensive car you will just become wealthy

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>>28824419
Driving a beater wont make you rich, but it will save you an unthinkable amount of money that if invested will have compounded returns. It's not some magic trick, but it goes a long way.

That also doesn't mean you need to drive a soulless utility egg shitbox. I bought this for $4500 cash and only spent maybe $3k over the 7 years I dailied it. Because it wasn't worth much and I had no loan, I carried liability only (250/500) which was way cheaper than the comprehensive you need for a financed vehicle.

The cheapest possible Kia would have been many times the cost over that same time period, even with 0% interest financing and no repairs.

you need the right beater. I love impreza beaters. I have one a 2.5TS at 170k, a WRX at 230k, and I've owned multiple GF8s at 300k

>>28824655
Word. The YouTubers are just grifters trying to make money by getting poorfags to click on their videos. The actual way to get rich is to make a lot of money.

>>28824419
>want to be rich?
>neither of them are rich
I'm gonna say no.

i would drive a beater too if my job was talking to a camera on my driveway

>”I’m so smart because I would buy a shitbox instead of a new car”
>These people were never in a position to make any new car purchases
Enjoy life and buy something affordable and fun to you. People who can afford to buy Bimmers, AMG and other fancy sport cars, probably enjoy life better while they live rent free in “financially smart” people lives. I see more posts about how dumb these people for buying new and/or expensive cars. Yeah maybe the ones who can’t afford it are dumb but those who can are thriving more

>>28824436
>>28824436
>One of those morons that thought they could get luxury on the cheap by buying a 20 year old S-class

I don't know how else to explain $10k a year in repair bills unless your mechanic just tells you window rubber is $2k because they don't make it anymore or some shit before he fucks your wife and takes an upper decker in your toilet on they way out.

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>>28824419
yeah rich guys are rich because they spend all of their time wrenching on their $2k craigslist special, not because they started a successful business/know people/inherited money.

just like these guys in the OP are making money doing that, and not making money from sponsored youtube videos that get 700K+ views!

i can only assume the OP is baiting

>>28825029
it's so funny
>yeah, everybody driving these cheap shitty cars? They're actually rich.
>IF YOU DRIVE THIS FUCKED UP SHITBOX YOU CAN SAVE ANOTHER $3k/yr INSTEAD OF DRIVING SOMETHING NICE OR EVEN A BRAND NEW LEASE!!! YEAH I SAID THREE THOUSAND DOLLARS!!!(and you'll spend a lot of your time fixing it lol)

This is just neurotic shit for redditors. It doesn't even make sense. Even before COVID. Lowering your QoL to save a minimal amount of money is not smart, and it's not going to make you rich, or even turn the tide in your financial situation. You're buying someones problem. You're exchanging your time fixing the shitbox for that money. You're not saving shit anyway.

The whole idea of spending all of your youth/vitality/energy to save a small pile of money for when you're old is totally retarded.

>>28824419
that guy on the bottom is a cia agent fyi

>>28825043
I think the kernel of truth though is buying more car than you actually fucking afford will kneecap you. If you're middle class and paying north of $700 a month for a god damn car, that poor financial sense over 20 plus years is a complete wealth killer.
>buy reliable car
>pay it off
>drive it till the wheels fall off
congrats, you're doing better than 90% of the country.

>>28825079
yeah, basically. not saying you should go buy a new Cadillac Escalade because you only live once or whatever, but you definitely shouldn't be voluntarily making your QoL worse now to save for retirement, and especially not to "get rich". You don't get rich with a normal job. Not even doctors or lawyers are RICH. Not really. They can get great loan rates to lease a 911 or something because of their job, and that's about it.

You get rich from having equity in something that becomes more valuable, whether that's a business you own a part of, or land/stuff you inherited. All of this boglehead/mister money mustache/early retirement extreme/personal finance subreddit stuff is mostly for neurotic busy-bee borderline gay guys, who spend more of their time obsessing over little things and trying to bend logic to put a bandage over whatever weird internal problem they have.

It's the exact same thign with the prius thread currently in the catalogue. Like, they have no confidence in themselves or in their ability to make money, so they buy the most anemic, uncomfortable, ugliest, gayest car ever made, in order to save an minimal amount of money, and for no other reason. They're willing to sacrifice everything to calm some kind of pathetic anxiety they have internally. It's fucking gay.

>>28825095
no real argument there. I guess my point of view would be that you should get a car that's:
>fun to drive
>fits your lifestyle
>you enjoy
I think buying a $1000 beater that you are constantly worrying about breaking down or having to repair is a false economy... but equally retarded is going into hock for a car payment that you can barely afford. repeatedly. over your entire adult life. it's just a fucking car.

trite example but if you were to put $700 a month into an account, and assuming a 5% return, after 20 years, that's nearly $300k

>>28825187
i mean, that's just saving money and following inflation so it's not very useful. you're just saving the money you would have spent on the car today...on a car in 20 years when you can't maintain an erection anymore. your youth is worth more than like the 2% compounded real return you're getting.

>>28825187
>trite example but if you were to put $700 a month into an account, and assuming a 5% return, after 20 years, that's nearly $300k
$700 per month at 5% after 20 years means this

Principal: $170k
Amount after 20 years: $287k

But you forgot inflation
Amount after 20 years, in today's dollars: $160k (kek)

Pretty much all you did was beat (actually slightly lose) against inflation. That $700 isn't doing SHIT for making you rich, it's just going to maintain you where you are. You don't get rich by saving, breh, you just don't get poorer

>>28825241
eh, there's investments that are a hedge against inflation. So fine, buy gold, invest in real estate? i dunno. slightly missing the point. Which is : Do that same kind of evaluation on dumping that money into a car payment though; you are so, so much worse off.

Not to say you should buy an econofagbox, or a beater. Get something that's fun to drive, fits your budget, and pay it off. There's a distressing number of people who take having a car payment as a given and continually roll disequity into new cars, or continually trade in their car for something new.

>I drive le beater!
>*breaks down*
>*spends every other weekend wrenching on it*
>*dies in a crash*
Just drop $15-20k or whatever on a reliable used econobox.

>>28825257
Yeah i mostly agree with you (not the same guy), my point is that you are not getting rich by saving. Straight up, only way to get rich is by making a LOT of money AND saving. Even if you invest your meagre savings, people never think about the actual value of their savigns after 30 years, they don't realize that all they did was keep up with inflation. Still better than your neighbor but not really good. You didn't build your wealth, you kept it.

You need a very high income, a business, or to get lucky to get rich.

>>28824419
Cars are expensive period. End of story. Regardless of brand or model, you have a car, you're gonna spend money.
The only thing you can control is labor costs, by doing the work yourself on your own car rather than taking it to a shop that's gonna charge you $100 just to get it on the lift and giving it a once-over.
It's like all the redpill guys bitching about women being golddigers, women aren't golddiggers, they're just expensive.
That one girl you think uses no makeup wastes around $200-$300 a month maintaining that "all natural" look with creams and treatments instead.

>>28825267
golddigger is just a chud meme. females literally are literally wired to value you as a potential mate based on your ability to acquire and maintain resources. there are sociopathic females who manipulate rich males for their money, but that's for the same reason pedophiles become kindergarten teachers. power/opportunity/money will attract dregs/opportunists

>>28825095
Nothing wrong with being a boglehead. I've been one for 15 years and now have mid 7 figures nw at 39, just by putting everything into index funds. A high paying job made the most difference but so does time in the market.

>>28825288
yeah, it's important to have a retirement thing set up for yourself, but the obsession and knee-capping your life to cater to it, that's really losing the plot.

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have kids who care abou you and you don't have to save much at all for old age. they'll just take care of you. that's how it is in other countries and how it used to be everywhere. this saving all of your money for retirement thing is mental illness.

why even be alive if you're going to do nothing but work to save money for when you can't work anymore. slave brainwashing.

>>28824655
People forget that buying new comes with a ton of benefits. warranty, lower interest rates, and special discounts and deals, etc. There's a reason why the people who can afford to swap new cars like cell phones do, and that is that they don't have to worry about any mechanical stuff, just take it to the dealer to be serviced under the warranty if anything happens, if they're smart enough they negotiate for free oil changes at the dealership as part of the buying process and then they'll really have to worry about nothing. And once you're out of warranty, time to trade in while the value of your car is still substantial, and repeat the cycle all over again. They don't care about glass transmissions or exploding engines or battery replacements or or anything else that we buying used have to really care about, they'll be taken care of by the warranty, and if their car is in the dealer for a week or two, either they'll provide a courtesy vehicle or the warranty covers a rental.

>>28825312
Imagine how much time people waste looking for a decent used car--talking to all of the sellers, tire kicking--and then dealing with its problems. is it really worth the savings? Probably not as much as people think.

>>28825312
10/10 bait.
Or worse, shekelstein propaganda.
>yes goy, continue to pay +$600 a month, forever. Oil changes? They'd be like $400 a year, total, but don't worry, they're on us!

>>28825323
if you make a lot of money, dealing with car troubles is a massive waste of your time and the extra $500/mo or whatever for the lease+higher insurance premium is an obvious move.

>>28825332
define 'a lot of money'?

>>28825323
It's not bait, it's the fact that poorfags think people with money waste their money because they don't know any better, they waste it to save their time.

>>28825315 has it right, there's a reason why places like juffy lube exists, because there's people who can afford to pay $100 for an oil change as if it was a quarter you can put on a parking meter, despite the fact you and I and everyone else on this board knows the hardest part of that process is getting rid of the used oil, and that's not hard at all if you're the kind of asshole who just chucks it into the wilderness. They don't care, they'll rather drop it off and pay for someone else to do it while they spend time with their family, work on their new business deal, cry, whatever it is that they want to do more than dealing with 5w30

>>28825345
i think you're missing the point as well broski.
paying jiffylube or whoever $500 a year for oil changes, or a mechanic a grand once every couple of years is still considerably cheaper than continually buying/leasing new cars to avoid maintenance.
Like.. the people who go for shitboxes are pennywise and pound foolish, especially in regards to time; without a doubt.
But the people who perpetually keep a car payment are also being stupid (with the caveat for multi-millionaires who could literally set $80,000 on fire and think nothing of it.)

I'd be interested to know the proportion of people who make six figures and are STILL living paycheck to paycheck, vs lower income people -- i'd wager it's not much different.

>>28825337
IDK, $100k+ per year. that's over $6k/mo after taxes. at that point, it's probably time to consider whether dealing with a shitbox is worth the time, energy, and attention. you have plenty of money to afford a decent place, decent car, and still have a lot left. our time is more valuable than money. an old billionaire would give 99.9% of it away to be 30 again.

people seem to forget that money on its own is literally just pieces of paper. it's meant to be used.

>>28825358
I don't think your car is somewhere to skimp. People waste money on all kinds of stupid things that they geniunely do not need and doesn't make their life better at all. A car is pretty important and just because it's a big expense doesn't inherently mean you should try to skimp on it.

>>28825358
at a certain income level, a car payment is like buying toilet paper. you perpetually buy toilet paper, too.

>>28825379
man, maybe it's because i grew up pretty poor, but now, even making ~$200k/yr that's madness.
reject consumerism.

>>28825383
it's hard to see it, but people who make a lot of money don't have this trauma associated with it where they're afraid of using it and running out. they understand money better, in that way. it's a tool to move forward and make your life better right now.

>>28824436
>Nu cars magically don't need maintenance
Wrenchlette pls go. Nobody is dumping 10k into a shitbox when they can just get another shitbox.

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>Need car to go to work and make money
>Buy beater to save money
>Beater car constantly has issues and takes all my savings

I'm tired, boss. Why is the cost of the repair always the same amount of what I saved up?

>>28825393
i'm not sure my friend. I think a lot of people who "make a lot of money" suffer from lifestyle creep and buy things they simply do not need, that bring very little value to their life, and wind up living to paycheck and/or in mountains of debt.
I'm not afraid of using money, sheesh. It's just that does a $15k car (used mustang GT in my case) bring significantly less happiness, than say financing a $100k M3 would? I could definitely afford a much more expensive car, but I just don't care to. What i've got is fun to drive, reliable, and i'm not trying to impress anyone with it.

Ignoring your condescending tone, I don't think you truly understand money, or what actually matters in life. Above a certain threshold, it's definitely not material possessions.

>>28825433
Make more money so you don't have to deal with stupid problems.
>idk how
then suffer. It's really that simple. There's no end to the number of suffering fools in the world. You're either one of them or you aren't. It's, to a point, your choice.

>>28825455
i'm not talking about a new $100k BMW. that's a totally unnecessary and superfluous purchase. there's a huge difference between a used shitbox, leasing a Camry, and a new M3. also wasn't condescending, but maybe it looked like it.

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>>28825455
>He didn't finance
Bro it's free money. You make way more in stocks than the interest on the loan.
I have everything I could ever need - house, cars, children. A toy isn't a bad thing.

>>28825637
>interest charged: 6633.61
that's not a flex.

>>28824708
Holy based C4

>>28824470
Very worth it. If you have an iq of over 90 you can read a book, watch a video, and learn how to work on your car no problem. It's extremely difficult to find trustworthy shops.

>>28824419
Imo no. I say this as a poorfag driving beaters to save money. I've seen my investments, that aren't even 6figs swing $5-6k in a single day. For someone with a good career? Their bonus is more than their entire year's car payment in many cases. We're just so poor that a car payment is actually something to worry about. Normies middle class dude doesn't give a FUCK about buying a new truck every 2 years.

>>28825637
>Interest charged
AHAHAHAHAHAHA

>>28824419
fuck you youtubers, i'm building a piss missile

>>28825297
Cool it with the antisemitism.

>>28825637
>no gap insurance
>over 6 grand in interest
there's no fucking shot you're white

>>28825718
are you sure? he's like the uber-goy.

>>28824419
>the difference between being rich and power is $20k worth of car.

>>28824445
It definitely does happen. Except poors are retards and just ignores all the warning signs until their car catastrophically fails and they have to buy another pos.

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>>28825718
It's called math
40% gain > 4.5% interest
Also, why do I need gap with 50k down? The car hasn't even depreciated. Kek.

>>28825731
i'm guessing at your networth, it's all really monopoly money anyways, and it doesn't matter one way or another.
for me, debt is slavery, and i have no interest in being the most comfortable slave on the plantation =/

>>28824419
>are they right?
Not really.

Commit to a reliable car for a long time until it becomes a beater car. If you buy someone else's beater, you could be in for a very expensive lesson.

>>28825731
Arbitrage works until it doesn't. For everyone like you, there's an army of retards that did it somewhere else and are eating huge losses.

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>>28824419
>are they right?

Yes.

A car is a depreciating asset. I have $200,000 in stock and I drive a 2008 Lincoln Town Car.

>>28825764
NTA but my investment strategy is super simple. I buy whatever they tell me not to. Trucks, gold, guns. Then I'll purchase whatever they're investing in, but only if it's being discussed by politicians that have a massive stake in seeing it succeed.

I don't get emotional about whether or not the purchase is good because I don't care and as you've seen with companies like Tesla and Palantair it doesn't fucking matter. I just want people with a lot of money and political power invested in it so there's incentive to force the line up.

Wasting time reading rags about p/e market cap, etc is for retards. My companies mandatory 401k covers that shit I have no interest in it.

>>28824436
>>28824419
If you're a car guy, not really. I'll be honest. I had ~$30k near the end of college. If I had bought a clean version of my dream car at the time it would've cost about $20-30k and I'd still own it today (I own one now, but I wish I had bought it then and just maintained it).
I didn't at the time, because "that's financially dumb" and I'd seen family members waste tons of money on cars. Instead I bought a manual civic for like $6k, then a variety of lower spec sports cars, and each time I was unfucking someone else's mess or wasting money on mods that I never got back when I sold the car (I moved a lot for work and it didn't make sense to waste money shipping a car worth $5k, whereas it would've for a more expensive car). Obviously there were better investments at the time (Tesla, Amazon, Silver, etc.) but you never know with those, and you're only young once.
So yes, while it IS financially dumb to waste a bunch of money on a car, you're going to want it anyway and you're a creature of emotion. Figure out how to make enough money first, then get the car you actually want (test drive, etc. to make sure it isn't crap of course). You're not an NPC, this isn't just a mode of transportation for you.
>>28824443
This too, plus finding a good mechanic can be hard (no, I'm not wrenching on my own car when I make $250/hour, that's retarded).
>>28824486
modern cars have so many sensors that you just plug-in a reader to the OBD2 port and it tells you what's wrong with it (doesn't always work, but is very useful).

>>28825872
>it's not cheap if you are retarded and keep buying pieces of shit every couple of years
The OP clearly states drive A beater, ONE, not every collection of scraps you impulse buy

>>28824686
OP, key to happiness is keeping your daily commute around 15mins or less (30mins max). You'll be miserable and sacrifice so much time if you have a 1 hour commute. Also, your car's fuel consumption and reliability matters way less when you're only driving 20-30miles/day on it.

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>>28824686
>bro, just buy 1990s-2000s Toyota Corolla(one of the most reliable cars ever) in 2012(when you could buy any car on craigslist for pennies)

>>28825885
anon, people like to drive into my parked cars (in my driveway). I don't understand, but I guess I have bad luck.

>>28825888
Depends on what flavor of person you are. I work in the city. Living in the city is hell. Living in the suburbs around it and having an actual yard means having millions of dollars for a house, so I live 45min-1hr away and only spent a $400k on a house which is on several acres. I have a barn/shop, a little trail in the woods where I walk or dirt bike, and plenty of place for my kids to play. I can even shoot some though I didn't clear out a big range like Hickok45 or anything. I'm closer to the fun driving roads and the woods too. If I was 30min from my job I'd be in the HOA suburbs in a zero lot line house because I can't afford one of the big lots that are dotted around and even then, those big lots are all boxed in by HOA suburbs.

>>28824445
my buddy bought an early 2000's ford escape for 3500 two years ago and has easily sunken 8-10k into it since and it still leaks oil and gas everywhere

>>28824448
this is why i buy mostly unmodified enthusiast cars, the likelihood of neglect is typically much lower

>>28824510
to some, cars are just a utilitarian item. just a tool. to others, a car is a part of your soul and how you carry yourself, especially as a man. i tend to fall in the latter camp, although i have no issue with have a beater for snowy/rainy days when you dont want to take your actual car out of the garage

>>28825433
You still need to get lucky on purchase.
The final skill test remains to spot BAD signs from poor pictures, and then getting a little lucky with the order of events.

Then again, I dread my current beater dying. Mostly because the car marked has seen several insane spirals, including massive export of cars to the Eurozone due weak currency.

Should you drive a shitbox to save money? No
Should you drive a shitbox to live a more minimalist lifestyle? I think so.
You don't need 90% of shit people buy and figuring out what you really need feels good.

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Having no car payment will help you be less poor, but you don't get rich unless you exploit the work of other people.

>>28825456
wealth and poverty are not a matter of a choice in the slightest. It likely makes you feel more comfortable to believe they are, so you can conveniently dismiss the struggles of others and feel assured in your own situation, but in objective reality, the ability to rise from poverty depends wholly upon fate. Even if someone isn't born into wealth, the ability to raise from poverty depends on traits they may have been born with, those generally being, beauty, intellect, strength, charisma, etc. Or sometimes, just dumb luck. I suspect you are not a lover of wisdom and thus do not really care about how the world really works, I mean if you're comfortable in your life, why should you care? Though you should still be mindful of the fact that your fortune is forever shaped by forces outside of your control, such as the whims of Tyche.

>>28828354
Is this what poorfags believe? People who actually are successful and overcome poverty will think otherwise

>>28824436
I don't even know how I could spend 10k on my car. Maybe I could pay someone to do a complete nut and bolt restoration? Idk why anyone would do that though.

>>28830074
a complete rotisserie/nut and bolt resto for 10k? guy must be a bored retiree for that price

>>28830085
I mean there's not much to restore, it's not rusted.

>>28824419
I still drive my 2002 S-Type, why?
Because it still works. The average live of a car is just 7 years. That's atrocious. The costs of repairs will never cost more than a new car. The gas savings of a modern car will never make up for the price of a new car.
Drive your cars until they literally rust apart, the amount of money you save will be enough to purchase multiple appreciating properties, instead of the greatest depreciating asset known to man, the car.

>>28824436
I bought my car from a guy for $1 because it was "on its last legs" and he didn't want to pay to get rid of it.
I put $2000 of repairs into in and then $600-1200 a year every year since. I've now owned the car 12 years and it has over 270K miles on it.
I've still not hit the original MSRP ($25k) of the car in repair costs. I don't insure it, I pay less than $60 of tax on it a year, there's absolutely no conceivable way a newer car would be a better option.

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HERE'S WHY NEVER BUYING A NEW PAIR OF SHOES SAVES YOU MONEY

SO WHAT THAT I LOOK AND LIVE LIKE A COMPLETE BUN? I'M SAVING SHEEEKELS

>>28830166
Do you have to go into debt to buy new shoes?

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>>28824436
nice try

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>>28824419
Yes, everyone who drives a 15 year old Civic is rich. New BMWs, Porsches, and Ferraris are for povertyfags who don't know how to manage their money. This is common knowledge.

>>28824448
I've bought nothing but used cars my entire life. The only time it went wrong was when I bought a car from a con artist sight unseen.

Beyond that, my wife is driving a $2000 Suburban that has cost me about $4000 total in the end. My current car was $3300, and it's cost me about $4700 total in the end, with the biggest expense being a timing belt.

>>28825079

Don't know if you paid attention for the last 6 years, but 800+ car payments are pretty damn common. Even basic shit like Ford's are expensive.

At least the beater I buy doesn't have a payment at all.

>>28830226
So what about me as I daily drove a 40 year old civic and currently daily drive a 40 year old crossover and a 44 year old shitbox.

>>28831266
>>28831297
Beaters are great if your morning commute is ten minutes or less. If your commute is like 25+ minutes, then it's worth it to just buy a new/newish car you'll enjoy and keep it forever. Life's too short to spend an hour every day driving a slow piece of junk that will break down on the side of the highway every six months. Keep your beater as your backup/winter car. Having only one vehicle sucks regardless if it's new or old, because you're constantly worried about hitting the pothole from hell or some other bullshit that will force you to spend a bunch of money on repairs and take time off from work.
>>28831329
You must be Steve Jobs reincarnated.

>>28831297
>800+ car payments are pretty damn common. Even basic shit like Ford's are expensive.
If you have to finance, with an $800 payment for a NEW CAR, you cannot afford it. (emphasis on 'new'. brokies should not be financing new cars, it's retarded.)

You drive a beater because you want to pretend you're rich
I drive a beater because I'm dirt poor and can't afford anything else
We are not the same

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>>28824419
You get rich by having large cash flows which are then invested to make compounding interest.
Buying a used beater over a new car might save you an extra 40k.
Which for an average person is a ton of money but that all has to be invested or decades to make you "rich".
If you're a high earner you're better off leasing new instead of buying if you don't care about cars and see them as a tool.
Don't have to worry about depreciation and all maintenance is covered under warranty.
Which are the two most expensive parts of owning a new car.
Yeah you'll never own a car and will always have a monthly car bill but a high earner's time is worth way more than the time it's need to worry about buying and maintaining a car.
You'd only buy one as a high earner if you like cars and have fun with them.

When you're poor or need to save money, yeah a beater is the best option.
Keeps your monthly bills low and you'd hopefully invest the difference or get into a decent house you wouldn't be able to afford otherwise.

>>28831333
>Life's too short to spend an hour every day driving a slow piece of junk that will break down on the side of the highway every six months
This is what finally made me buy a new car. At least once a year there was some major breakdown and I'd end up having to get it towed or work on it wherever it sat.
It was fine if I was in my own town, but then it happened 500 miles away on a weekend trip, stranding me and forcing me to take two days off work, and I knew I had to get rid of it.
Loved that car, but reliability is important. Still only bought what I could afford, a hybrid Civic, and paid for it outright. Luckily I had plenty of money saved up for it. Car loans are for suckers.

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>>28825358
>I'd be interested to know the proportion of people who make six figures and are STILL living paycheck to paycheck, vs lower income people -- i'd wager it's not much different.
Funny enough Goldman Sachs did a survey and found if you're in the lower six figures but especially 200k-300k, you were doing really well relative to people under six figures.
But whats surprising is how well they were versus people making over 300k.
The 200k-300k on average were way better off than the actual rich while the rich were closer to the sub six figures.
They think it's because the 200k-300k are mostly couples who earn a low six figure salary but live around relatively normal people so there's no need to spend so much money on super luxury stuff like real rich people do.
200k-300k seems to be the sweet spot for "I have a good life and don't need to worry about living pay check to pay check".

>>28831478
Same. After my 90's Honda that constantly leaked oil and overheated got totaled, I just bit the bullet and bought a new Acura. If it lasts 20 years like my old car did, I'll get my money's worth out of it. By that time I'll be able to afford a newer car and keep the older one garaged for emergencies. I'll be able to wrench on it at my own pace since I won't have to worry about taking time off work to get it fixed in a hurry by a mechanic. I'm not opposed to getting car loans, but I'm also not the type of person to constantly stay in debt by trading up to the latest and greatest new thing either.

>>28831493
i'd also guess that a good chunk of the 300k-500k crowd are doctors who are getting raped by medical school bills =/

>>28831515
Based on my experience with my student loans, this is probably at least partially accurate. I don't make nearly that much, but my student loans are a drain on my resources and make it difficult to gather a savings. It's something like 15000 a year in base payments, and I've been paying extra when I can.

My observation has been that once people know they can handle a particular debt load, even after the debt load is relieved, they spend to that debt load. My worst cases involve people who habitually take out massive loans because their salary will support it during their marriage, but won't during their divorce.

Getting people to cut down the fat is also difficult, especially because the kind of moron who can blow through 300 grand a year is also the kind of vindictive asshole who just wants to hurt their spouse during the divorce.

>stepchildren
Why would you do that to yourself?
>>28831493
Probably doctors or lawyers. Student loans, long hours so need childcare, expensive taste so 7 figure house and 6 figure cars, high divorce rate due to long hours. House is a giant money pit especially if you have a big one

>>28831555
Because I love my wife and the kids are alright. Plus, because of my profession, I'm able to make their piece of shit biological father miserable. Son of a bitch says he's spent $60 grand on attorneys. My wife ain't spent a dime.

Most attorneys I know don't have expensive tastes. I don't, but I have to cover a lot of expenses.

If you live poor, you aren't rich.

Minor accident in a beater = 6 weeks in the hospital, 18 months recovery time

Serious accident in a modern luxury car = new pair of glasses, a bunch of paperwork headaches

Beater is only worthwhile if you're the only car on the road

>>28831515
My law school debt was about $210k and that was with a scholarship.

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>>28831761

>>28831771
It was a gamble but it worked out in the end for me.

>>28831761
Holy fuck, mine was $107,000 after interest started accruing and I've paid off about $35000 of that. I had no scholarships. Where in the fuck did you go to school?!

Law school is so expensive without the guaranteed high salary in medicine. Idk how you guys do it.

>>28831862
UVA
>>28831871
Medicine does not have a guaranteed high salary. Law is a gamble. I grew up poor and last year cleared almost half a million. But other people go to law school and end up making $50k.

>>28831916
Well there's more variance is what I meant. There will be outliers but most people will make low-mid 6 figures. 250k is pretty high to most people. If you get a comfy specialty like anesthesia, it's awesome.

>>28831935
It’s true. But law school debt is typically smaller and it takes far less time. Three years vs med school plus residency.

>>28831916
>>28831935
>>28831940

Fuck. I went to UNM. I thought state schools were meant to be cheap.

He's right. Neither law nor medicine are guaranteed high salaries. That relies on a number of factors, but mostly how good you are.

I'm not a half-million a year attorney, but I also live in New Mexico. Nobody in this state making half a million a year. I've just opened my own firm and I'm making a fair amount, and I suspect come next year I'll be mighty comfortable. But for now, I'm working as much as I can and trying to provide for my family and pay my loans off faster.

And he is also right that law school debt is smaller. Had I pushed myself harder, I could have graduated in two years. I took my 2L year too easy and had to take the full 3l year.

>>28824419
Sure if you do all your own work on your car, but that requires skill and tools and experience, if you’re already into cars and know how to work on them, there’s nothing wrong with owning a beater at all, I love my older vehicles, but if you wanna do long trips across the country etc, rent a car for the best results

>>28825931
If it keeps happening, it's not luck.

>>28830168
A lot of extra retarded zoomers do. They're called sneakerheads. They'll literally buy a pair of shoes that are hundreds of dollars, wear them half a dozen times, then buy new ones because they want to keep it "fresh".

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>>28832348
>but if you wanna do long trips across the country etc, rent a car for the best results
Werks in my machinas *shrug nigmoji*

>>28830166
My oldest car gets the most compliments THOUGH

>>28832368
Yeah I travel the entire west of the Rockies region in my 530i, but I don’t go east of the Rockies in it, I don’t know enough people out there, probably because there are very few actual people that exist east of the Rockies, they’re just slaves
Last time I traveled east of the Rockies in a rental, interdiction officers thought I was trafficking drugs and searched my vehicle, I bet flock told them I was suspicious or something