text: Lastly, the cost to own a car is far too expensive. Buying a car leads to many problems. the cost of paying off your car after you buy it can overwhelm many people. Having to pay hundreds of dollars every month to repair your car or pay for gas can lead you into debt. Many individuals have become homeless because they can't afford to pay for the things they need, such as a car. Without a car, you save thousands of dollars you can use to pay off other things you might owe.