Why You Should Not Buy A Car
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- Опубліковано 19 бер 2024
- DON'T BUY A Car Right Now! Car Dealers Are GETTING DESPERATE!
In this video I explain why you should wait to buy a car.
My name is Brandon and I am a used car dealer. I created Car Questions Answered to share the ins and outs of the used car market from my perspective. I share with you updates on car prices, what's happening at the dealer auctions, and what it's like being a dealer. My goal is to share information to help you make the best decisions while buying a car to save you money. I do not want car dealers taking advantage of you.
Thanks for watching and please feel free to leave any comments you may have in the section below!
And make sure you don't forget to LIKE, SHARE AND SUBSCRIBE FOR MORE!!
*None of this is meant to be construed as financial advice, it's for entertainment purposes only.
#UsedCarMarket #CarPrices #carmarket #usedcarprices - Авто та транспорт
Tried to buy a car last weekend. The price on the window included the fake admin fee. When we got inside the salesman gave us numbers that included an extra admin fee as well as a $900 Lojack that wasn't on the window as an add on. So $1844 more as soon as we started negotiating. Then they took off the extra admin fee and they called it a discount. However, we told them to take the lojack out and they. Wouldn't. Needless to say..they still have the car. These people are crazy!!
They're greedy is what they are.
Oh my. Fuck those kinds of places. So dishonest.
Love the banter with Alex. As the saying goes "Men socialize by insulting each other, women socialize by complimenting each other, and neither group means what they say."
Women insult each other, too. They are just more subtle about it.
@@ancientheart2532 Yes, but that's not a socialization technique. They mean those insults. Insults tossed around a women's knitting circle or book club will fracture the group into fighting, crying cliques. Insults tossed around an all male fire dept strengthens unit cohesion.
If im somewhat of a dick to you, I probably like you. If I don't like you ill be always be very serious.@@gschgvt2956
My dad passed away last year. I remember searching high and low for missing sockets while we are working on cars. Lol. I miss you so much dad.
I have the same problem of missing sockets, but it’s my teenage boys! I must have six socket sets missing 1/2”! Glad you made those memories with your Dad.
@@Bobjlow Yep, same problem with my son. You buy a whole new socket set then you go to open it up and a bunch of sockets missing.I spend more time looking for those missing sockets than doing the job.
I am sorry for your loss
Those sockets are worth losing for your boys to learn how to do for there self Not losing tools will come to them in time@@don-cw1yz
@@Bobjlow you can buy them individually no? I have one missing.
$1K incentive on a new car is an insult. Knock 15 - 20% off and we can talk.
They will
They have to start offering more simple cars and trucks for under 20k. Most of the general population doesn't even need and can't afford more than that even if they think they can. All these bloated out computers on wheels for 40k+ is so overboard it's insane. So many people think they need AWD when they put no use to it, have to have heated stirring wheel, can't be bothered to...on no...reach over and push the button instead of having it on the wheel. Cameras, sensors, more tech more tech... But people dug this hole themselves. They kept buying into it, kept going into debt for it and the industry kept lining it's pockets and pushing for more profits.
@@whois3581 there's no pick up on any lot worth the sticker price. that applies to may other style vehicles imho
@@redhed9776 Completely agree. They turned a simple pick up truck and everything else into a "luxurious high dollar fancy pants prestigious magical space pod" instead of a basic tool for transportation. Everything is at least twice as much as it should be.
Still not enough
Your honesty has paid off. Your lot is Empty! Congrats!
Right Toyota Scottsdale. $2700 desert protection package. Ppf and tint. Plus $200 in door edge guard and $695 doc fee. Won't budge. Offered to pay MSRP and remove the desert package, no deal. Crazy times are still here
You offering MSRP is the reason we're in this mess, put your head on straight. 25% off to get me out of bed 😴
They are in the hole so they don't want to sell at MSRP
Check out Earnhardt Toyota in Mesa last I looked they were selling at MSRP or slightly under
I’ve been to that dealer. Those guys are such assholes
Right now, I can only afford the oil.
Visited a Ford dealer this past weekend, Harley Davidson F150 126K! Nuts!!
Wow smh absolutely ridiculous!
Crazy
They brought back the Harley Ford? I’m going to buy one. I don’t care the price.
I’ll give ‘em $12,600 😂
I bought mine new 2012. $50,525 MSRP and $44,500 +tax at 2.9 APR. Now, 2023 SXT special order that somebody didn't want with 5.0 and Blk Pkg [$3300]- basically base with vinyl floor. We did 5k off with 1.9 APR 72 mos +1000 from Ford Credit Zero down. The truck is not what I got for the money in 2012. Went from top of the line to a nice base model for same money 😮
Folks just gotta say NO at some point.
If they don't, the sticker price will.
the lending institutions will help in that area these days
It's rime.
Back in 2014 when I purchase my Nissan Murano AWD, they had a $10,000 off MSRP. And that's why I purchased it.
the nissan murano sure is giving the _pontiac aztek_ a run for the money in the *looks* department 😉 😆
Those were the days
I got $10,000 off my Ford then
How many transmissions have you bought?
An ugly car will get you there as well as a stylish one. Well, unless the transmission fails.
Wait until the term CVT makes you lose sleep. Dump it now.
Manufacturers don't want to give the buyer a break but they will do shady deals with the dealers.
Greed, it does in so many
I bought a 1999 RAV4 last August for $3,000. My first Toyota. I only had to change the oil so far. It had just under 200,000 miles. I think I got a great deal! Even though it's 25 years old there is no rust. It was a South Carolina car. A couple months later my wife bought a 2006 Matrix. A Florida car. No issues with it. I think I'm sold on Toyotas!
Wishing you good luck! Take em to 500k miles! Don't ignore maintenance like spark plugs and transmission fluid drain and fill (not flush)
If it's twenty five years old I wouldn't worry about changing the transmission fluid unless it's been changed before
That would have been a $1.2 - 1.6k car just a few years ago. I see people selling well used 90s model F-150s that would have gone for $1-2k just a few years ago, that they are now trying to sell for $5k +. This isnt just a manufacturer & dealership issue, its an economy issue. The economy was not a machine designed with an off switch, and thats what they did, and since then EVERYTHING has been screwed up. The worst part, they learned nothing.
@@insertnamehere8121Supply of dollars has more than doubled since the start of the pandemic so the math adds up.
OMG OMG - is the RAV4 a 2DR hardtop? I had a '99 RAV4 2DR hardtop manual transmission, the best car I ever owned, I _L O V E D_ that car, I look for those for sale all the time but never see them
It is just amazing to me that dealers still have not got the memo that he middle class and working class are dying right now.
50 grand for a truck that’s crazy
When was that
Same comment over and over. Say something new.
@@soundmind192
Patrick is still in shock.
Where have you been?
I bought one 44k and im not mad 😂
I bought a used truck (2017 f150 lariat) 2 weeks ago, for about 1/2 of what it was selling for a year-year and a half ago. I felt like I stole it from the dealership. My patience payed off.
It’s an 8yr old truck. You didn’t steal it, I’d bet you still got hosed on fees and rate. If you answered the question, “Where do you want your monthly payment?” You got swindled.
Many years ago I used to work for a BHPH lot. The guy who owned the place always carried a bottle of water with him. Mazda 626 v6's had a design flaw where there was no way for liquids to drain out of the recessed spark plug wells. So when he looked over a car he wanted he would pull a plug wire and pour an inch of water in that plug well, then put the plug wire back on. It was completely invisible and cause a cylinder misfire code. 😆
Just got back from the auction here in Southern California and dealers were paying $2,000 over book value. Prices are insane here.
@@jojopapa7521they are definitely not rich 😅. They pay way more in taxes
very desperate, enough to do even more shady things to close a deal. never sign a car deal on the "desk screen", they can hide numvers that way fooling you to sign "different" figures than you agreed on. not only that, they also sneak in extra fees and charges. see every line, sign on paper only
I rented a Grand Wagoneer for a wedding in Atlanta over the weekend. (I drive a 2007 Tacoma) Yes, it was a really nice ride with many features, most I didn’t know how to use. The cameras and sensors around the car make it really nice to drive. Seeing showing overhead view when your backing up, lane change warnings if a car is to close, etc. way beyond what I am used to. I can’t imagine spending the money to buy it.
It’s probably one of the $100K ones.
My current lineup.
2007 BMW 328xi
2002 Isuzu Trooper
1996 Dodge Neon ACR
1995 Chevrolet K2500
1978 Corvette C3.
All titles in my drawer. I couldn't imagine buying a new car at these prices. Not worth it at all for me.
Whatever you say, internet person.
My boss bought a Rogue years ago, it was so bad he replaced it with a Chevy. A CHEVY.
Price of rav4 is insane
😂😂😂 i have one and keeping it
@@leoramirez3146 one lucky man
I have a 40,000 msrp and a 20,000 dollar market adjustment for my RAV4's
Price of all Toys are insane...like everything else now. Don't buy now, wait n save yourself thousands. See what tune the stealerships r singing this coming Winter? It will be much different. They haven't had to pay on their floorpans enough yet. Trust me, WAIT.
I didn't get a refund. I owed.😮
Me too,😕
Same here. I had to pay $451.
5.5k$ here
@@reverselee3218
That’s actually a good thing. I hope to have a $500k tax bill at some point.
Same here, no refund for me...
Thx for sharing your knowledge
Manufacturers and new car dealers aren't going to cut prices and adjust fast enough. they never do because they are hoping beyond hope that the pandemic demand and pricing will magically return
Is like holding out ... wait for the short to blow up😂
Its not that, they are hoping that no matter how bad their actions make things ....that they'll get bailed out. Ruin your industry, have it fixed with taxpayer money.
@@insertnamehere8121
Right….. sure thing
I hate when dealers disconnect stuff at the auction. I had a car I checked and everything was good so I bought it. When I went to pick it up the dash lit up like a Christmas tree. Turns out someone unclipped an electrical connection. Fortunately I found it but it was a headache.
It should be classified as criminal fraud
@@insertnamehere8121 I agree
They should have cameras everywhere
I love just thinking about the floorplan expenses they are having to write checks for.
Let them choke on that crazy high inventory the vast majority deserve it.
They have been riding the wave for a very long time. It is flat now. And the Bidenomics is a mudder- Effer!
I wonder if it really hurts them as much as people think it does. Reason = If you pay $5000 a month for 50 new cars on your lot per month and you sell 10, you gain another new 10 back from the manufacturer so you still have 50 cars on your lot and you are still paying the same $5000 a month. No difference.
@@riseabove3082the average vehicle is sitting for 80 days+, with some in the 150-250 range. It is costing them money they haven’t budgeted for.
YES! But they just started to pay so people need to wait. Wait till Winter, you will be happy.
Thank you for your information!!
Man. I appreciate you
Who wants a new car that reports the owner's driving to their insurer? How about one that listens to driver's conversations and reports them to intelligence agencies? That is what we have now, across the board.
Is a big screen infotainment system really worth the price of freedom?
The Chinese version of Uber Drive has a function where it listens to what drivers and passengers are saying. If they discuss a 'sensitive topic,' the app will prompt a warning message telling the driver to stop discussing it.
'BIG BROTHER IS WATCHING YOU!'
Yet you wrote this comment on a device that does exactly the same. 🤦♂️
@@norfolknwhey4787 The obvious difference ... I don't drive a desktop computer. Another .. my desktop computer has no microphones or cameras. So that pretty much makes your point moot.
I worked at the dealer auction for 10 years. They would steal keys, unplug things, disconnect hoses .... Run bad cars on a green light and hope the buyer wouldn't arbitrate (they would)
It was like a weekly money circus
You nailed it branded everything you say is 100% I've been in the used car business for 38 years and I'm taking a month off and going on vacation until I can buy great content keep up the good work bud
Hey Brandon 🌞🌟☀️ Thank you 😃
Thank you for your video! I am one of the people you are talking about, looking for good used Honda or Toyota...
I am going to wait it out and see how it is in a few months...
Again, much Thanks!!!!
Love your channel......please keep up the good work❤😊
Thanks Brandon for this excellent cautionary video. Got it! I will do.
You are so very right.
Went to a Las Vegas Honda dealer today for a oil change. They had CR-V’s, civics and accords. All had seven thousand dollar “market adjustments”. Sad. I know I can’t buy there again.
I'd stay away from the service department too
You know you've been in the car business for a really long time when you can just look at a random car, you see the make, and you can guess where it's made in and you're 100% correct every time.
Love the floor mats laying in the mud next to the mini van. It's part of the elegant buying experience
If they put a 200,000 miles guarantee on their terrible automatic CVT's, Rogue might have a better chance of selling them,,,,,,,,,,,,,
Speaking of insurance, the rates will continue to drastically rise as electric vehicle sales increase.
As well as millions of immigrants per year coming into the country.
The dealerships by me in Washington state are massively overflowing and they are still asking over MSRP for almost all of them. They are all going to go out of business shortly.
you spelled steelership wronng....llllllllllllol
Absolutely correct on the insurance.
Good video. It's good when you show some of the personality. Giving people a little crap adds a little something.
Thank you Brandon
I put blue electric tape around my 10mm so I can easily find them.
I plan on buying a vehicle NEVER! I am planning on keeping mine for life. It has 33,000 miles on it and I only put 3,000 miles a year on it.
Thank you for this information cause I was ready to go out and purchase a vehicle
Great video as always Tables have turned from last year I have been shopping full size SUV's Nissan dealers are offering 12k plus off on Armada's but decided on qx80 2024 for nearly 20k off msrp 9k dealer cash plus dealer sold below invoice days in stock are huge on these new body style coming out but these are last of v8's
It’s almost time for my Grand Daughter to get a vehicle. We/she is fine tuning her choice over the next two to three months. Pls let us know when we can close a great deal. Enjoying the channel. Tks for sharing.
Skullduggery at the Auction....SCHOCKING!!!
The car sales environment has a many decades long reputation for a reason
:) thanks for sharing!
I sell Toyotas. We have a bunch of vehicles on our lot. They’re all pre sold and in the delivery process. We have 1 Tundra, 1 Venza and a grand Highlander on ground that’s available.
Waiting for 2020 or 2021 Highlanders to go down in price from mid/upper $30's. The only ones below $35k are those in accidents. As a side note, many hate cash offers and demand financing to increase profit from sale (search areas: Tex, La, & Miss areas).
Saw a Monroney sticker from a 2024 Ioniq 6 with the Las Vegas Manheim auction address in the "ship to" box. From the boat to the auction.
For the past four weeks, the Subaru dealer and the Toyota dealer in my area had a similar amount of cars in their inventory, around 410 cars each. Plus the Subaru had 1600-2400 incentives on many models, and Toyota had no incentives and 1k-5k market adjustments on many hybrids.
It's going to get pretty bumpy now that the lots are filling up. The plants will have to cut production at some point.
nah they have a psychological need to make more cars. More Cars. MORE CARS 🤑🤑🤑🤑🤑
I'm not even in the market for a new vehicle but I love your videos man 👌
Glad you like them!
The only way the dealerships here lowered their prices is after a thunderstorn dropped baseball sized hail on their lots, and now they are trying to say 1k off is a hail sale
We're trying to replace a totalled vehicle (young drivers!), but prices are still crazy on most everything. One owner, no accidents, 186k miles, '08 4Runner at a legit Toyota dealer I looked at yesterday, the dealer wanted $11,6k and they ain't budgin'! Car was an odd mix of taken care of, yet pretty much thoroughly worn out and filthy on the outside. Like I said, an odd mix. I asked if they were even going to clean it up and detail it and the salesman said "Nope"! And it's not even in their budget lot! 😕
I have an '09 with 232,000 miles I'll sell you for 15k.👍🏿
It seems like Alex keeps the more frequently used 10mm socket out and at the ready instead of hiding it away in a drawer. Perfectly reasonable.
I bought an old pickup once that the heater controls didn’t work from an individual. The garage said it would cost $800 to fix, so he sold it cheap. The vacuum hose was unplugged under the hood, took me ten seconds to fix. I wonder if the garage did it to screw him over? 🤷🏻♂️
Yep, no way garage didn't know...
Last year I was saying prices needed to come down 30% and negotiate from there - it’s starting to happen.
Lesson here. Dealers are slimy. Always have been. Buy private.
Sometimes private can be slimy too.
Call back the private guy after you have a problem, I bet they don't answer
People are giving fake or altered titles, one must be very cautious. Plus, you need 2 keys or they could come and steal it.
@@jaimekinnear7495 course not bro. You buy as is, and deal with it like a big boy.
Most private deals are way upside down… and they expect you to bail them out. They think private party value is low balling them lol 😂
The local Nissan dealer here has replaced some of the new car lot space with used cars. I drive past it on my way to work everyday and was surprised to see it.
I've bought a million 10mm sockets and lost all of them. I feel your pain.
One day there was this fire. It was a very bad fire and it burnt up all the inventory.
Thank You!!!!
I bought a set for my toolbox. Never hurts to have more 10mm sockets.
I watch these videos with my wife and 3 teenage daughters. Whenever Alex comes on the screen, they all make the same noise, and it's not an unhappy noise.
He needs a hair cut and a clean up
That’s weird to say ……
They are not even close to being desperate yet. The prices are 30-40% inflated.
Today I drove by the local Mercedes dealer holding parking lot where they keep their unsold new inventory and I have never seen it so full of vehicles.
My wife is in the market right now for a mid sized SUV. In the past couple of months, I still haven't seen anything more than $1k off, even on $60 to $70k vehicles. The sales people are admitting that sales are really slow, but the managers are still waiting for dummies to buy at these prices. I told them they could keep sitting on them. It may take a while, but I'll find a dealer that'll eventually need to sell at a decent discount.
Love your show buy Alex a box of 24 10 mm sockets.
GM / GMC Trucks are way over stocked and locally here in SE Michigan discounts are averaging $7-9k plus 1.9% financing. I'm looking for a new vehicle May / June time frame but will probably buy a Toyota 4runner with non turbo V6. Tired of over engineered domestic trucks with actual USA content below 40% and made in Mexico. You should do a video on this.
My wife and I are looking to get a newer RAV4 but the prices are disgusting even at MSRP.
This is exactly the information I've been waiting for! It's crazy at dealerships right now and I appreciate you explaining the situation from both the buyer and seller perspective. Sounds like prices are inflated due to tax season rush, but there's a good chance they'll drop by summer. I'll definitely wait until then to buy and avoid the bidding wars. In the meantime, good luck finding that missing 10mm socket, Alex!
Pickle ball and frisbee golf season for the next few weeks 👍!
So happy to have a fleet of old stuff, including two classics, do all my own repair / service, wouldn't want to be "in the market" feel sorry for anyone who needs wheels. Thanks Dem's!
Only problem with this is that the parts market isnt at all what it used to be. Progressively, its either DRAMATIC increases in part costs that are mainly used, because a LARGE % of the manufacturing of new parts for old cars is gone, or its an inability to find parts which means your automobile is down for an indefinite period. This will just get worse as vintage parts manufacturing continues to dwindle. That aside, there are only so many used parts to go around, and those only last so long.
I love Alex's Santa mug 🎅
That stores screws haha
You and Alex are like the crew that I work with on 3rd shift. If we aren't talking crap to each other, then something is wrong. You'd swear that we hate each other. 😂
I bought a new '23 Widebody Scat Pack Challenger in the color I wanted in Central Florida last weekend. Late last year they were markups 5k to 10K plus on these vehicles. I got it with 12k off sticker and all the rediculous fees marked off at this particular dealership. With other area dealerships competing slashing prices. I wish I could wait more but with the Challengers you have what you have on the lot and thats it - no more. Its getting crazy lol.
I’m hoping around the end of April or the middle of May, the used car prices are even lower or the used car dealers get more inventory. I’m definitely waiting til after the tax season buyers fade away.
I haven't bought new since 1998. Used. If one is willing to drive a couple hundred miles and be patient, eventually a reasonable deal presents itself.
I feel like it's a crack epidemic of the 80's with used cars. 1990's Honda's, Late 90's early 2k Honda and Toyo . Still better than what is on the road today.
I went to look at a truck yesterday. Dealer added in 7k in recommended extras and tried to explain why it’s needed. I turned it all down, I wanted to see factual numbers.. needless to say we left with the cash in our pocket.. I was blown away at the deal not in a good way… this lot and 7 others around 1 miles are stuffed full of vehicles. The salesman said the last few months have been the worse, I told him it’s just the beginning you better buckle up 😂
I went from paying $120/month for full coverage on 2 vehicles to paying $150/mo for liability only on the same 2 vehicles...and now I'm going to have to sell 1 of them to repair the other one because the rear diff in my truck broke again and that used to be $1200, but now it's $2500...
Why would someone sabotage a car they want to sell? Just to disguise a bigger problem?
They don't do it on cars they are selling. They'll do that on a car they want to buy so they can deter other dealers from bidding and get the price down.
Someone trying to buy cheap
They sabotage the cars at auction hoping other buyers aren’t willing to bid the price up.
Nice, I have a Honda CRV. I actually pay about $900 a year and that's with maxed out full coverage and I still think that price is high but so far its the lowest I've found for insurance.
As I heard it best said. The Dealers are the manufactures customers. If they don't want any more cars then the Manufacture will have to give the deals to me and you. Also I hear there will be law suites if they dont give ALL dealers the same deal.
I mean I'm not a Rogue guy, but my wife and I rented one in Florida and we loved it. Would definitely consider it for my next car.
Google Rogue CVT problems.
I see these old trick when going to salvage auctions also, things unplugged, fuses slightly pulled out so cars are a no start and the person who did it is trying to get the car for much cheaper as most people don't have the time or want to diagnose a non starter in the salvage yard and pass on the car.
I want the blazer in the background at the 2;25 mark!
2.25 miles is about as long as it will last too. 😉
@@GrowUmBig hey. NOw don’t be dissing those lil trucks🤪. My 01 S10 is still trucking @ 250000 mi. I love them. Rust is killing mine Indiana winters aren’t kind up here
Dishonesty in the car industry has been around since the first auto was driven and I don't see that changing .
Thanks. I appreciate your info, though I hope I will never again buy a car. (I’m older, 😳.)
In Houston, 2023 Mustang EV, $8,000 off and 72 months 0% financing. I’d hate to be the person who paid $5K or $10K over MSRP during Covid.
There's a Chevy dealer near me that will absolutely not discount a '24 Silverado 2500. It's been sitting there since the '24s were released.
Tell Alex get that harbor freight special for the 10mm sockets 😂😂😂
They keep upping new car prices so used follows. But my local new dealer lots are packed w inventory they ain't moving.
Hey Brandon,
I am in the charlotte area and am looking to go to an auction. Do you think you can help me, I watch your videos all the time. Your videos helped purchase both of my children’s cars and I did very well. Thank you, looking for help on buying one of my own from an auction since pricing now is high.