Customer owes $40,000 on a 2021 Nissan Sentra‼️ she bought the car in a parkling lot‼️Scammed‼️

Поділитися
Вставка
  • Опубліковано 22 січ 2025

КОМЕНТАРІ • 1,4 тис.

  • @MrRjsnowden
    @MrRjsnowden 5 місяців тому +1314

    Someone lied to the bank. No way they loaned out almost 3x the value of that car. No way.

    • @TheSonyExperience
      @TheSonyExperience 5 місяців тому +93

      oh yeah big scam. But she may be in it.

    • @Dan-gj1hz
      @Dan-gj1hz 5 місяців тому +110

      Brother, its called NEGATIVE equity. She probably rolled over 10-15k into the new loan

    • @curtisprieur294
      @curtisprieur294 5 місяців тому +112

      ​@@Dan-gj1hz Did you watch the video? She says at the start that she did not rollover anything..

    • @megatrolltrollington
      @megatrolltrollington 5 місяців тому +88

      ​@curtisprieur294 is it possible she's lying?

    • @MrRjsnowden
      @MrRjsnowden 5 місяців тому +33

      @megatrolltrollington very possible. Not sure what she's getting out of that lie though.

  • @lrnasigo1
    @lrnasigo1 5 місяців тому +761

    72 month term at $560/month = $40,320 includes tax, title, interest and miscellaneous. Purchased in 2023 and final payment in 2029. She was fixed on the monthly payment.

    • @andyspinball
      @andyspinball 4 місяці тому +76

      Worst way to buy anything. Oh it's only $560 a month for the rest of all eternity? Where do I sign up? Meanwhile I drive a 2007 Honda Fit which I paid $6000 cash for three years ago with 59,000 miles. Now it has 92,000 miles. PS I have seen Honda Fits with 675,000 miles on them. #1 buy the right car and #2 buy it right.

    • @DanielBeard-bt7mn
      @DanielBeard-bt7mn 4 місяці тому +43

      @@andyspinball Just don't ever get into an accident in that thing.

    • @iforgotmyscreenname1
      @iforgotmyscreenname1 4 місяці тому +42

      I'm not surprised, my older brother made the same deal until he calls me to co-sign for the vehicle. He was trying to buy a 2017 Toyota Corolla and they told him that his monthly payment is $495 a month for 72 months. The price of the vehicle was $20,995 and then they added Toyota Guards, Roadside assistance, GAP insurance, oil changes, tire rotation and then 23%-28% interest (can't recall because I got out of there so fast).

    • @Chthonian121
      @Chthonian121 4 місяці тому +8

      @@iforgotmyscreenname1 At that point I'd laugh out loud and leave.. but hey there are plenty of idiots keeping them in business who have no problem paying 40k for a 20k car with fees and interest and everything

    • @lrnasigo1
      @lrnasigo1 4 місяці тому +45

      @@MarioLuigi-vb3rp She said the car was $18K plus tax, title and license, so $20K @ 22% interest is $556/month X 72 months = $40,033

  • @rc70ys
    @rc70ys 4 місяці тому +540

    That dealer saw her coming a mile away ! She basically gave them the Mazda for free 😂then overpaid for a car

    • @kingtryton
      @kingtryton 4 місяці тому +10

      Yes lol
      She will never see that 3K 😂

    • @bakgammon
      @bakgammon 4 місяці тому +3

      Atleast 20 years beforehand 😂😂

    • @micker9830
      @micker9830 4 місяці тому +13

      She owes $22K on it. The 40K is total paid after interest, when the loan is paid off. This video is incorrect.

    • @OkStop
      @OkStop 3 місяці тому

      @@micker9830exactly.

    • @theshield1613
      @theshield1613 24 дні тому +1

      Most people overpay for a vehicle

  • @Steven-yx1ic
    @Steven-yx1ic 5 місяців тому +341

    poor woman, i feel bad. I sold cars for about a year before i was done with it. People come in upside down on cars trying to roll over to a newer car and restart 5 more years of payments. As a salesman, i used to tell people to go home, pay it off and come back get a newer car later, dont roll over. A customer complained to the manager and i was fired. That was like 15 years ago at carmax. I do not regret it, i sleep better at night. I pay cash for my cars, i have a house, chickens, grow vegetables, i live a simple life, not pay check to pay check and i couldn't be happier . I want the same for these people, i want them to wise up .

    • @LesWiles
      @LesWiles Місяць тому +1

      Have a little farm isnt a simple life

    • @franka5928
      @franka5928 Місяць тому +50

      @@LesWilesshut up bruh

    • @Taylormademan900
      @Taylormademan900 Місяць тому +4

      Nissan has the cvt transmission. I remember at 150k my transmission went out. I still owed 10k on it. This would set me up for a decade of financial stress because the 10k was paid off and tacked onto my new Nissan. Then I needed an suv for work so I traded the Nissan Altima in which I only had for 10 months. So that brand new depreciated Altima I think was paid off but another 10 grand was topped with that. I ended up having a 48k Nissan murano with 5% Apr. The vehicle took 8 years to pay off and two months later the cvt transmission breaks down. April of 2021 is when that Nissan took a crap and vehicle inflation started happening at that time.

    • @Dizzymarvel
      @Dizzymarvel Місяць тому +2

      It’s her own fault, it’s part of being an adult

    • @Steven-yx1ic
      @Steven-yx1ic Місяць тому +7

      @@Dizzymarvel financially , most people are infants with no guidance, doesn't mean we shouldn't feel sorrow for them. Its easy to sit on the high ground of the present and judge our past and others, it good to learn from it though. Is she does it again, then she can't be helped

  • @diegolara4202
    @diegolara4202 5 місяців тому +379

    She fell for it by just focusing on the monthly payment. As Dave Ramsey says "Rich people ask how much? broke people ask, how much is the monthly payment?"

    • @googleifyouseekayu
      @googleifyouseekayu 3 місяці тому +17

      Well this is ignorant, naw shit a rich person says how much, cuz they can buy it, while someone who isn't rich would wanna know payments. This isn't some rocket science from Dave Ramsey. U could have come up with that gem.

    • @diegolara4202
      @diegolara4202 3 місяці тому

      @@googleifyouseekayu the point is that broke people buy a car they can't afford because they focus on the monthly payment. Too many people buy too many cars thinking the monthly payment means they can afford it.

    • @Whoareyoucalling
      @Whoareyoucalling 3 місяці тому

      @@googleifyouseekayunah OP is correct, rich people care how much to own the whole item, broke bois like you pay monthly for shit for years and years and never end up owning it. Infinite money sink]. Don’t feel bad capitalism needs wasters like you for this system to thrive.

    • @Drew-P-Bllz
      @Drew-P-Bllz 2 місяці тому +19

      @@googleifyouseekayu you aren’t understanding what Dave Ramsey means by that. Maybe you should read his book before you make a fart of a comment

    • @googleifyouseekayu
      @googleifyouseekayu Місяць тому +1

      @@Drew-P-Bllz something an ignornat person would say n think

  • @funguy1086
    @funguy1086 4 місяці тому +333

    The loan amount is not 40k. The loan amount is closer to approximately 25k, and the finance charge is roughly 15k. The payoff is the remaining principal balance, NOT including future interest. Why did this guy not explain this???

    • @TimTim-lv2ol
      @TimTim-lv2ol 4 місяці тому

      He’s stupid!

    • @andyspinball
      @andyspinball 4 місяці тому +35

      More importantly, why was the customer not their own best advocate.

    • @spardasquadspqr3535
      @spardasquadspqr3535 4 місяці тому +60

      Its simple why he didnt explain it.
      Views....
      It looks better to say that she got 20k of negative equity instead of like... oh u looking at 7-8 k of negative equity

    • @superdave8248
      @superdave8248 4 місяці тому +6

      Yeah, I didn't even make it to the 3 minute mark on the video. But to be fair to him, she took out a loan she can't afford. And she can't afford it because she didn't take insurance and maintenance fees into consideration when she thought she could. Once she saw the bills, she got panic look in her eyes.

    • @OldManNutcakez
      @OldManNutcakez 4 місяці тому +26

      It's not finance charges, which are regulated even in Florida. It's dealer fee which are not regulated in FL
      She got conned

  • @drn13355
    @drn13355 5 місяців тому +488

    "I don't know what happened".

    • @daveezrin1896
      @daveezrin1896 5 місяців тому +77

      Lol. I mean like I just showed up and um they were like um sign this and get a car

    • @idkwhyiam9440
      @idkwhyiam9440 5 місяців тому +28

      That's what she did. Smh

    • @billysprague6219
      @billysprague6219 5 місяців тому +33

      Stupid happened.

    • @slumy8195
      @slumy8195 5 місяців тому +1

      typical woman behavior

    • @channell11
      @channell11 5 місяців тому +38

      She was one of those people that's just so excited to get approved for a car they'll sign whatever you put in front of them.

  • @okbc1864
    @okbc1864 5 місяців тому +413

    Who the hell spends 40k on a Sentra wtf

    • @andyleo8418
      @andyleo8418 5 місяців тому +54

      With 60k miles😂

    • @striperking6083
      @striperking6083 5 місяців тому

      @@andyleo8418 😅

    • @inmortal131
      @inmortal131 5 місяців тому +34

      Real price 8k lol

    • @COMMANDERHAWK22
      @COMMANDERHAWK22 5 місяців тому +32

      32,365 for 2024 maxed trim with every dumb option possible. I bet shes one of those "I don't need no man types"

    • @akui88
      @akui88 5 місяців тому +27

      I did the math, she said they sold her the car for 22k$, 72 month loan at 18%. That comes put to total repayment of around 40k. With 15.5k$ being interest…
      It makes sense to me, but i know all about buying and selling of cars.

  • @lcssay
    @lcssay 5 місяців тому +127

    Before Covid, my neighbor with super bad credit paid over 10K in finacing, interest, BS fees on a 3 year old Ford Ranger. You name it, they tacked it on the financing. One of the things they slipped in which later turned out to be a blessing was GAP insurance. 3 months later he was T-boned and insurance paid for the value of the truck and GAP paid for for the difference. Since it showed he paid off a loan, he said his credit score went up so he got a loan cheap with no stupid add ons for a 1 year old Ranger and this time he himself insisted on the GAP insurance.

    • @ToddMcDonald-zh4ym
      @ToddMcDonald-zh4ym 5 місяців тому +1

      Exactly!

    • @ThienTran-lc1nx
      @ThienTran-lc1nx 5 місяців тому +9

      So ur neighbor didn't learn anything from his lesson. He didn't put enough down payment which is why he needed the GAP insurance on this new car - aka: he couldn't afford the car in the first place

    • @lcssay
      @lcssay 5 місяців тому +10

      @@ThienTran-lc1nx He had money for the down. Insurance only pays for the Value of the truck not the loan. So for example you had a $20k loan and the value of the truck is $15k. GAP will pay the difference, if you didnt have GAP, you are still responsible for the difference. At least thats how it was explained to me.

    • @akui88
      @akui88 5 місяців тому +5

      I did the math, they sold her the car for around 24k. They charged her 18% for 72 months. They are charging her 15.4k in interest.

    • @mo-hunnit9184
      @mo-hunnit9184 5 місяців тому

      @@ThienTran-lc1nxwhy would I put down money on a depreciation asset that I am most likely not going to keep.

  • @ToadsandTurbines
    @ToadsandTurbines 4 місяці тому +166

    No one should graduate from high school without passing a class or two in credit use and simple economics.

    • @superdave8248
      @superdave8248 4 місяці тому +2

      I don't disagree. I'm a product of 70s and 80s education. The closest I got to this was Home Economics in 8th grade where they made you balance a check book. Practically nobody had credit cards back then so Home Finance came down to taking a minimum wage job, factoring out income tax and then making the rest work for the next 30 days. And back then nobody questioned that this was living pay check to pay check with no emergency cushion.

    • @celebrityrog
      @celebrityrog 4 місяці тому

      It’s a requirement in my city

    • @Haitian1130
      @Haitian1130 3 місяці тому

      Yes, personal finance is mandated in my state too.

    • @turnne
      @turnne 3 місяці тому

      @@Haitian1130 Isnt that what your parents should teach you?

    • @henrydillard6217
      @henrydillard6217 28 днів тому

      They deliberately want us financially stupid so these big corpos can take advantage of us. It's what they lobbied for for years...

  • @mikemike1071
    @mikemike1071 4 місяці тому +729

    She is allowed to vote. Scary.

    • @jakefox3677
      @jakefox3677 4 місяці тому +25

      These types of things that should be taught in school and they arnt

    • @MidnightPolaris800
      @MidnightPolaris800 4 місяці тому

      She definitely votes blue so they will "fix all her problems" that she's caused

    • @DiegoMejia86
      @DiegoMejia86 4 місяці тому +13

      @@jakefox3677 The idea that teaching interest and taxes in school would solve people making bad emotional choices is flawed. We already have classes on healthy eating, yet our schools are filled with unhealthy meals/snacks and sugary drinks. Imagine if we had high school finance classes - which bank do you think would be sponsoring them? The same ones that bombard college students with credit card applications? We know fast food, sodas and alcohol are not good for us, yet so many of us consume those items.

    • @Th3Will
      @Th3Will 4 місяці тому +4

      @@DiegoMejia86​⁠​⁠​⁠ financial knowledge would not help idiots but many would benefit, had they been given the information. But schools don’t educate people on money because it would not benefit the financial system. They need consumers, not financially literate people. Banks thrive off of debt.

    • @drgta6
      @drgta6 4 місяці тому +1

      As scary as the MAGA clowns.

  • @micker9830
    @micker9830 4 місяці тому +172

    She doesn't owe $40K on the car, that is the total she will have paid, after interest on the car, when it's paid off. Sounds like she owes $20-22K right now. She just has no clue. This guy has to know that.

    • @Mac-pluto
      @Mac-pluto 3 місяці тому

      @@micker9830 you need to pay more attention
      3:05-3:30 … she already tried to refinance and if you have ever refinanced a car you know the new bank goes directly to the current lender and asks for a 10-14 day payoff. When they received the payoff it came back at $36,000. So this means what she was saying is correct.
      What you all don’t understand is the type of loan she signed up for is NOT a simple interest loan.
      She signed up for a Precomputed Interest loan. Meaning Interest is calculated upfront and spread evenly over your monthly payments.
      Paying more or early doesn’t reduce the principal or total amount of interest owed. It’s baked in from the jump and you have to pay the total amount.

    • @holdensagan
      @holdensagan 3 місяці тому +10

      I think you're right. Why isn't he picking up on this? You think he's giving her too much credit for understanding the difference between the payout vs. ultimate cost with interest added?

    • @Mac-pluto
      @Mac-pluto 3 місяці тому +33

      @@holdensagan pay attention…
      3:05-3:30 … she already tried to refinance and if you have ever refinanced a car you know the new bank requests an official 10-15 day payoff from the current lender. So when they received the payoff it came back at $36,000 and refused to refinance the loan, so this means what she was saying is correct.
      What you all don’t understand is the type of loan she signed up for is NOT a simple interest loan.
      She signed up for a Precomputed Interest loan. Meaning Interest is calculated upfront and spread evenly over your monthly payments.
      Paying more or early doesn’t reduce the principal or total amount of interest owed. It’s baked in from the jump and you have to pay the total amount.

    • @holdensagan
      @holdensagan 3 місяці тому +4

      @@Mac-pluto Holy shit! Does that merely exist for people with really bad credit or is that an underhanded ploy some dealerships/banks try on naive customers?

    • @Mac-pluto
      @Mac-pluto 3 місяці тому +9

      @@holdensagan yeah tends to the offered at buy-here-pay-here dealerships for ignorant people or those with bad credit… based on how she described she purchased the car, she did not go the traditional dealership route and unknowingly got bamboozled. Extremely unfortunate for her

  • @FJB457
    @FJB457 5 місяців тому +204

    Ill tell you what happened she went in and got finessed with some slick talking and new car dreams signed on the dotted line without reading anything

    • @Metal7771
      @Metal7771 5 місяців тому +18

      She isn't telling the whole story, Yusuf needs to see those documents lol.

    • @siegessaule
      @siegessaule 5 місяців тому +16

      Have you ever heard of a travelling auto auction? Where were the adults or men in her life to protect her from situations like this? Paying double the price for a Nissan Sentra?! Not knowing the loan amount until you download an app?! You're right about new car dreams, the only people I knew who had new cars at 21 had them purchased by their parents.

    • @akui88
      @akui88 5 місяців тому +13

      I think she is confused with total repayment of 40k. I did the math 24k otd price financed over 72 months at 18% interest comes to around 550$ a month. So thats like15k$ in just interest.

    • @bw3903
      @bw3903 5 місяців тому

      @@akui88that’s exactly what it is,payoff early without interest is not 40k.

    • @MidnightPolaris800
      @MidnightPolaris800 4 місяці тому

      IT WAS HER CHOICE TO SIGN YOU LIBERAL!

  • @abvincent12
    @abvincent12 5 місяців тому +90

    There is no way this is the whole story.

    • @mike112079
      @mike112079 5 місяців тому +12

      Well, she doesn’t know what happened so we will never get the whole story unfortunately lol. 🤷🏽‍♂️

    • @ticenits1926
      @ticenits1926 4 місяці тому

      @@mike112079 she knows what happened, she’s just trying to hide it thinking that this will somehow improve her odds of getting a good deal.

    • @choncha23
      @choncha23 4 місяці тому

      No bank would approve that.

    • @micker9830
      @micker9830 4 місяці тому

      She owes $20-$22K, not $40K! That is the total she will pay after interest, when the loan is paid off. This guy is just trying to make a sensational video and the woman is a financial moron.

    • @Cornelius87
      @Cornelius87 3 місяці тому +2

      I know. The car was sold for $22k, they gave her a high interest rate probably for being first time buyer and she's looking at the final amount to be paid if she makes every payment for 6 years. I don't even think that number matters in this scenario since what she actually owes of principal is probably closer to $20k.

  • @jameshall915
    @jameshall915 3 місяці тому +30

    "They're from Florida and they came to Tampa"
    hehehe Jesus!

    • @peterquigley6554
      @peterquigley6554 17 днів тому

      Yep, that tells you everything you need to know about that chick.

  • @chriss2241
    @chriss2241 5 місяців тому +36

    When I heard the 40k was the estimated payoff, I realized eventually that it means that’s what she would pay if she paid the minimum payment through 2029 at the 18% interest rate, but really if she were able to pay the loan off all at once it means she would only have to pay the principal of 22k. Yeah she should just sell it or trade it in for something with an actually reasonable interest rate, or even better for a car that she wouldn’t need to pay any monthly payments on. Since the car is supposedly worth 16-18k, she would only have to roll over about 4-6k negative equity, not the insane 20k+.

    • @soapa4279
      @soapa4279 4 місяці тому +5

      This.
      It was hard to understand though because she just looks at numbers and has no idea what she’s looking at. And just spews stuff.

    • @micker9830
      @micker9830 4 місяці тому

      Exactly, she is a moron and he is just trying to put out a video that sparks attention.

    • @Mac-pluto
      @Mac-pluto 3 місяці тому

      @@chriss2241 No no no!
      you all need to pay attention…
      3:05-3:30 … she already tried to refinance and if you have ever refinanced a car you know the new bank goes directly to the current lender and asks for a 10-14 day payoff. When they received the payoff it came back at $36,000. So this means what she was saying is correct.
      What you all don’t understand is the type of loan she signed up for is NOT a simple interest loan.
      She signed up for a Precomputed Interest loan. Meaning Interest is calculated upfront and spread evenly over your monthly payments.
      Paying more or early doesn’t reduce the principal or total amount of interest owed. It’s baked in from the jump and you have to pay the total amount.

    • @jimmyramos1989
      @jimmyramos1989 Місяць тому +4

      No. I thought that at first. But he clearly stated that the PAY OFF was 36k. For example, my car is 560$ a month. If I paid that for 72 months it would be 40k. If I paid it off now, it would be around 28k-I plan on paying off my car in 2 years because there is no penalty.
      She got conned. Simple as that. I don’t know what kind of foolery those car salesmen were doing…but they found a way to make the car worth twice as much Mx

    • @issavibez394
      @issavibez394 11 днів тому

      18% is insanity out this world 😂 it's a hellll noooo for me

  • @jorgemat8080
    @jorgemat8080 3 місяці тому +7

    Here's something for anyone who intends to buy a car. Rule number one- go to your bank or any other bank and get your own loan that way you are told the exact rate and contract, second now you are buying a car with cash in hand ( basically) and pay off the car with your bank check and get your tittle in hand. Car paid for title in hand, and vin matches no liens on tittle you're good, and know that the seller is not going to screw you over on interest charges as they will not gandle the payment. I learned that over 20 years ago, when i first bought my new car from a dealer, got the lowest interest, and knew exactly the terms i was getting into even before i chose the car i wanted to buy. Never go to a dealer and ask for a loan there.

  • @Skin-f9e
    @Skin-f9e 5 місяців тому +101

    Her principal is 22k. Her total loan is 40k. The car worth 18k. She is upside down only 4K. What are you talking about Yusuf ? Do you even know what are you talking about ? She makes 3k a month with an auto FICO of 680. She can get a brand new car and carry over that 4K negative. You supposed to ask for her pay off amount instead of focusing on the total loan. This dude. Shut down this channel and stop confusing people please

    • @chriss2241
      @chriss2241 5 місяців тому +18

      Finally someone understands this! When I heard the 40k was the estimated payoff, I realized eventually that it means that’s what she would pay if she paid the minimum payment through 2029 at the 18% interest rate, but really if she were able to pay the loan off all at once it means she would only have to pay the principal of 22k. Yeah she should just sell it or trade it in for something with an actually reasonable interest rate, or even better for a car that she wouldn’t need to pay any monthly payments on.

    • @akui88
      @akui88 5 місяців тому +16

      So true, she said they sold her the car for around 22k, 72 months at 18%. You plug those numbers into loan calculator and it comes to what she is paying monthly of around 560.
      I think she confused total loan repayment calculation with buyout price.

    • @josephferrara6309
      @josephferrara6309 5 місяців тому +9

      Yusuf is looking at the loan on the screen and says the current payoff is $36k. He would know how to tell if the amount was the payoff or the total due.

    • @mikecece947
      @mikecece947 5 місяців тому +7

      ​@josephferrara6309 that $36k is TOTAL owed with interest.. for the sake of dramatics for his channel.. he basically lies to us.. he knows the payoff would be $22k.. or maybe $21k since she's paid $4k in payments, most going to front end interest.. at the end of the day.. negative equity is more like $7-$8k... period

    • @Rikkisio
      @Rikkisio 5 місяців тому +3

      lol you wrecked that dude 😂😂

  • @drgta6
    @drgta6 4 місяці тому +6

    $40k for Nissan Sentra? That's financial suicide. These people are utterly screwed.

  • @paulskopic5844
    @paulskopic5844 5 днів тому +2

    This is the kind of person who will live hand to mouth for the rest of the time they are alive.

  • @Confluence323
    @Confluence323 Місяць тому +14

    When you're raised to not take responsibility - this is how you get screwed over

  • @romain198426
    @romain198426 5 місяців тому +61

    What people need to realize amd i learned the hard way. Stop focusing on the monthly payment and focus on the overall cost of the car. When you go into the dealership negotiate price of the car not monthly payment

    • @michaelstollairetbarceo3287
      @michaelstollairetbarceo3287 4 місяці тому +3

      i understood this as a 17 year old grinding Halo all day the fact that people don't and are early to mid 20s is insano.

    • @Cucumberflavoredmustard
      @Cucumberflavoredmustard 4 місяці тому +2

      Sales comes back from the manager and be like "good news, we can lower that monthly 40 bucks", but the note is now 24 months longer.

    • @colinrobinson7680
      @colinrobinson7680 2 місяці тому +1

      I can't believe this is a thing. How do you just tune out the number of months you have to pay?

    • @TheRisky9
      @TheRisky9 24 дні тому

      For those like me who don't math well with big numbers, you can always ask, "and how many years will it take to pay off?"
      Once my small number brain hears 6 years at $400 a month, it suddenly doesn't want the car.
      If small numbers brain doesn't get an answer, then I get my phone calculator to translate to small numbers brain.

    • @willc5512
      @willc5512 13 днів тому

      But they dont want u to focus on the future 5 yrs out. They want u stuck on the payment.

  • @VegasDad5
    @VegasDad5 5 місяців тому +54

    The unfortunate result of what happens when someone doesn't understand what they're getting themselves into. If youre clueless about buying a car, take someone with you who has more knowledge. The dealer took her to the cleaner and whipped her upside the head like a sock full of pennies with that Sentra. Those dealers can sniff out your inexperience a mile away. She is young, but hopefully will learn from this.

    • @striperking6083
      @striperking6083 5 місяців тому +1

      😂

    • @domini384
      @domini384 5 місяців тому

      I would say it's more 20-25k if the dealer did the normal screwing over, but I still have no clue how she just agreed to 40k....

    • @Sci-Mon1
      @Sci-Mon1 5 місяців тому +1

      Or take the time to watch UA-cam videos about buying cars.

    • @chrismay2298
      @chrismay2298 Місяць тому

      You can tell that she won't learn ANYTHING. The results of fatherlessness.

  • @christophersmith8272
    @christophersmith8272 7 годин тому +1

    Chalk it up, pay on it until the current market value is equal with the market price, then sell it. Don't surrender it.. Let this make you stronger moving forward. Save save save.

  • @tacomafan5186
    @tacomafan5186 Місяць тому +9

    Crazy how people have no idea what they’re doing.

  • @dtwduuvaaall6865
    @dtwduuvaaall6865 Місяць тому +5

    Just paid off my 2018 sentra 3 months ago, feels great!

  • @carlosvega8417
    @carlosvega8417 4 місяці тому +11

    I used to work helping customers finance cars, in my personal experience some customers just don’t know how to use a calculator.

  • @edwardlloyd1516
    @edwardlloyd1516 6 днів тому +1

    She could have bought a brand new one from a Nissan dealer for $20,000 with a lower interest rate.

  • @mwendia
    @mwendia 4 місяці тому +23

    That's why I only pay cash for cars. If all I have is $500, I'm looking for a $500 car. Car financing is risky.

    • @mike23736
      @mike23736 25 днів тому +2

      💯

    • @TheRisky9
      @TheRisky9 24 дні тому

      You're not being any smarter.
      Sounds cool on social media, but thinking you can get a car at $500 that actually runs, and won't drain your account with problems, is just as delusional as people who think they can afford a $40,000 car.
      Calculating the repairs, what you think is $500 will put you at least back several thousand. At least with a loan, there are ways to figure your totals. With $500 car, you will never know how much it really costs in repairs, etc.
      That's still delusion way of thinking. And you're talking to someone who just paid $23,000 cash to avoid a loan. So I don't want to hear your self righteous "you just like being ripped off."
      More realistic is setting aside money every month as though you do have a loan. Because you know you will need to get a new car eventually. It's not if, it's when.
      If you do have to get a loan, make sure you compare interest rates, get one that can be paid early with no penalty, AND pay towards the principle in case you do have to refinance.

    • @Already100
      @Already100 23 дні тому +3

      😂 thats bus pass money 🤷‍♂️😆🙏

    • @mwendia
      @mwendia 23 дні тому +1

      ​@@Already100 yet you can find running cars for that much. I have.

    • @MingusDynastyy
      @MingusDynastyy 11 днів тому

      ​@@Already100 Month long bus pass booklet for 5 months lmao. This person does not drive or has ever bought a car.

  • @laurancebell3015
    @laurancebell3015 5 місяців тому +38

    unfortunately I don’t feel sorry for her. There is ways too many tools to help you with car values. She didn’t read what she was signing also. 700 score should get you like 5% or less loan.

    • @lalomalo8052
      @lalomalo8052 5 місяців тому +2

      Interest is crazy these days. Even with the best credit people only get 7%

    • @kitsunetsunami4923
      @kitsunetsunami4923 4 місяці тому

      Give me that 5% geez I remember back in 21 you could get 3%

    • @wc1068
      @wc1068 4 місяці тому +4

      Who believes she actually has good credit?

    • @laurancebell3015
      @laurancebell3015 4 місяці тому

      @@wc1068 not that hard, I put my 19 year old daughter on my credit cards and she had over a 700 credit score.

    • @micker9830
      @micker9830 4 місяці тому +1

      She owes $22K on the car, not $40K. The $40K is the total she will pay with interest etc, after the loan is paid off.

  • @treyparker3775
    @treyparker3775 Місяць тому +18

    The fact that she continues to say she doesn’t know how she got into this mess is diabolical

  • @jlang8213
    @jlang8213 27 днів тому +1

    When you buy your first car, there is no shame in having a parent or other experienced persons go with you and provide guidance and a rational opinion.

  • @aladdinguy105
    @aladdinguy105 5 місяців тому +3

    Solid advice. Bro spitting honest facts

  • @uncletoby-
    @uncletoby- 9 днів тому +1

    She said she went through Capital Finance. She did not say Capital One Bank. Big difference.

  • @Scratchingforcash
    @Scratchingforcash 28 днів тому +11

    They’re from Florida and they came up to Tampa.
    That tells me everything I’ll ever need to know about this woman.

  • @UneducatedGeologist
    @UneducatedGeologist 4 місяці тому +2

    I'm in Sales. You are very kind and understanding and help people understand where they are and it will be Okay.

  • @Metal7771
    @Metal7771 5 місяців тому +26

    I see this all too often with unmarried women, or any young woman who doesn't bring a father or uncle with them to the dealer or in this case auction. Most men I see do this atleast got a good car, but this woman really got taken for a ride, for a sentra. 💀💀

    • @TheMachinePUA
      @TheMachinePUA 4 місяці тому +4

      It's financial knowledge - either sex has an equal aptitude for learning it if they choose to. I don't understand how people don't learn about finance and money as it's the #1 thing in this world. Learn it and you can be free, don't learn it and you will work until the day you die.

    • @andyspinball
      @andyspinball 4 місяці тому +1

      @TheRealCatof clearly nobody was suggesting that men that are this stupid direct the person in question to them. Buy a good used Honda Civic, fit or a Toyota camry or corrola and drive it until the wheels fall off. 300,000 miles or later. So many are so worried about impressing people they don't like that they buy things they can't afford.

  • @21wxz89
    @21wxz89 4 місяці тому +1

    Thanks for getting the message out. So many scamers out there.

  • @lewisjr1332
    @lewisjr1332 5 місяців тому +26

    This car would accidentally catch on fire after it was accidentally stolen!😂😂😂

  • @1234anynameavail
    @1234anynameavail Місяць тому +1

    You are a very honest and helpful salesman.

  • @nvisibleone
    @nvisibleone Місяць тому +14

    She made it sound like someone else took out a loan in her name. Zero accountability.

  • @cheeseman9967
    @cheeseman9967 24 дні тому

    I can't believe how nice and professional you are to all of these callers. Kudos to you!!

  • @REALenvizible
    @REALenvizible 18 днів тому +7

    5:12 "buy a cash car and thug it out" best advice 😂

  • @SRD1281
    @SRD1281 15 днів тому +2

    This the kind of girl you don't bring home to your parents.

  • @SKG1941
    @SKG1941 5 місяців тому +11

    The used car industry wants to thank you so much for their ability to continue robbing stupid people and enables them to justify ridiculous pricing systems. Thank you for using absolutely no brain work whatsoever when purchasing a used vehicle. Or new for that matter. You are the buyer that keeps this whole thing going right now. Thank you again.

    • @timothydowe
      @timothydowe 5 місяців тому +1

      You think you're immune to societal scam?

    • @SKG1941
      @SKG1941 5 місяців тому +2

      @@timothydowe Yes. Cash and Brains help.

  • @benrichardson8099
    @benrichardson8099 11 днів тому +1

    I think people need to know how much you want to spend on a vehicle before you try to get what you want..do your research.never let anyone work your contract..ignorance is not an excuse be a smart buyer..

  • @theresebabel8241
    @theresebabel8241 4 місяці тому +6

    I am in that situation right now. We ended up getting our state attorney general office involved

    • @brians9532
      @brians9532 Місяць тому

      No chance that will help you. You signed a contract. It's your fault and your fault only.

  • @TheSkacoolio
    @TheSkacoolio Місяць тому +1

    This is why it’s important to teach finance in middle/high school and college today. I learned finances from my parents thankfully, not once did they bring this topic up in school.

  • @georgie2844
    @georgie2844 5 місяців тому +41

    Banks take advantage of people like this and is sad af

    • @TheSonyExperience
      @TheSonyExperience 5 місяців тому +16

      nahhh someone lied bro. They aren't going to loan nearly 200% of the cars value. That kind of risk is stupid

    • @imdone1967
      @imdone1967 5 місяців тому +4

      ​@TheSonyExperience the bank has the title to the car. The bank didn't give AF...
      It's 2008 all over again..

    • @TheSonyExperience
      @TheSonyExperience 5 місяців тому

      @@imdone1967 that's not how things work bro. There are more repost than drivers right now. Current banks are not loaning money to people that can't afford it because there isn't a guarantee that they will get it back anytime soon. Most banks are trying to keep people in their cars not get them out. Its one thing to have an 18% interests its another thing to loan more than double the value. That isn't the same as what happened in 2008 at all.

    • @andyleo8418
      @andyleo8418 5 місяців тому

      Bank had nothing to do with selling her that car. You sound as ignorant as she is 😂

    • @MrDoubtful42069
      @MrDoubtful42069 5 місяців тому +13

      ​@@TheSonyExperienceor maybe she's just so clueless that she's explaining it incorrectly

  • @AutoSia
    @AutoSia 24 дні тому +1

    This kinda shit happens. My sister almost signed an 18k loan on a sentra with almost 100k miles. I told her not to, but she went to check the car anyway. Luckily, my dad intervened and stopped the bullshit right at the end of all paperwork. He said the salesman was pissed😂😂

  • @strikerfire7611
    @strikerfire7611 Місяць тому +4

    Why would you agree to something you didn't understand.

  • @jgyrwa
    @jgyrwa Місяць тому +2

    NEWS FLASH: No one effed you over. You didn’t to yourself. You signed the documents. No one held a gun to your head for that insane car deal. You made your bed, now lay in it.

  • @Jelliott424
    @Jelliott424 5 місяців тому +18

    I laughed at this video at first but then I started feeling kinda bad for her.

  • @Brooklyn-rj3np
    @Brooklyn-rj3np Місяць тому +2

    Negative equity. They can repo, but she owes the differnce.

  • @derrellpill2932
    @derrellpill2932 4 місяці тому +6

    SHE DID NO PRICE CHECKING

  • @jimrusch22
    @jimrusch22 Місяць тому

    You are totally correct. However, the predatory lending practices and excessive interest rates charged have to be addressed.

  • @marcusbutron4580
    @marcusbutron4580 5 місяців тому +16

    Some scumbag salesman took advantage of her. Banks and dealerships are criminal. Damn

    • @jasonm5636
      @jasonm5636 5 місяців тому +3

      something is wack here - i don't think we're getting the full story. banks aren't lending $40K to a 21-yr old on a $17K car. that just doesn't make any sense.

    • @micker9830
      @micker9830 4 місяці тому

      @@jasonm5636 It is whack because she only owes $20-22K on the car, not $40K, The 40K is the total, with interest etc, that she will pay, when the loan is complete.

  • @hermen6240
    @hermen6240 20 днів тому +1

    Poor girl trying to better her life. Sometimes in life when you try to step up, it brings you back 5 steps.

  • @justinhogue9861
    @justinhogue9861 4 місяці тому +7

    She will pay 40k in the lifetime of payments with interest included. She is confused. Payoff should be less.

    • @jimmyramos1989
      @jimmyramos1989 Місяць тому +2

      No. That’s what I thought at first. But the PAY OFF, like currently, is 36k. He even shows us that in the app. They conned her. Interest, even for a 21 year old, isn’t rocket science. They did something very scammy to make the car worth twice as much. I don’t know how….

    • @GOATexp
      @GOATexp 13 днів тому

      @@jimmyramos1989they spread the interest that would’ve accrued over her monthly payments so paying it off early won’t actually do anything

  • @anthonyb9364
    @anthonyb9364 5 місяців тому +2

    25k @ 18% for 60 months is around 560 a month ( including taxes, fees, etc). So the total cost of the loan (amount borrowed plus interest) is around 40k after 60 months. Was she possibly looking at that vs. amount financed? Crazy stuff out there. Thxs for your videos, I enjoy them.

  • @izzyizzyizzy5638
    @izzyizzyizzy5638 5 місяців тому +11

    She is better off paying her car note every month until the car is paid off. $560.00 a month for a 2021 is not bad at all. Do gig work and throw it on the principal.

    • @imdone1967
      @imdone1967 5 місяців тому +13

      You're nuts...
      $560 for a Sentra is insanity for a new one !

    • @izzyizzyizzy5638
      @izzyizzyizzy5638 5 місяців тому +1

      @@imdone1967 she is already tied to the loan. $560.00 a month for a reliable car is not the end of the world. Her real issue here is being a knowledgeable buyer moving forward.

    • @robert8311
      @robert8311 5 місяців тому +2

      560 for a car you can get for 15k is insane
      Can literally by this car for 15k

    • @doom4067
      @doom4067 5 місяців тому +6

      @imdone1965 she owes it whether it's sane or not. She would be better off paying it off over term than getting a repo, assuming she can afford the payment.

    • @izzyizzyizzy5638
      @izzyizzyizzy5638 5 місяців тому +1

      @@doom4067 my point exactly

  • @ccarazay
    @ccarazay 22 дні тому

    I was a co-signer to an auto loan. $38k loan, vehicle value at the time was $25k. Rolled over previous loan ($12k) (damaged car traded in essentially paid the sales tax).
    I didn’t know what I signed up for at the time.
    Never be a co-signer to an auto loan.

  • @austinpowers1999
    @austinpowers1999 5 місяців тому +16

    Dodge Cat Pack was $38,000 in 2020

    • @InquisitiveKeita
      @InquisitiveKeita 5 місяців тому +6

      Meow

    • @lalomalo8052
      @lalomalo8052 5 місяців тому

      Paid 36k in 2018 for a new one

    • @luckymayne4304
      @luckymayne4304 4 місяці тому

      @@lalomalo8052what state?

    • @lalomalo8052
      @lalomalo8052 4 місяці тому

      @@luckymayne4304 FL. Car was about 41k but dealer took 2.5k off sticker and Dodge was offering an additional 2.5k in rebates

    • @Drew-P-Bllz
      @Drew-P-Bllz 2 місяці тому

      I bought a 392 Challenger with 10k miles on it for $31k in 2023. Cash deal

  • @mrschwifty5564
    @mrschwifty5564 23 дні тому

    I bought a 96 ford ranger 7 years ago for $400. Still driving it. I love watching these videos.

  • @kennethpowers8995
    @kennethpowers8995 5 місяців тому +3

    She didn’t spend 40k on a Sentra, she just has a horribly high interest rate. If you listen to what she says her payoff is 22k. So that is the amount of the loan. Where the 40k comes in is her projected overall total payment if she only pays the monthly minimum for the life of the loan. So she would be paying an extra 18k in interest if she decides to go that route which means she got raped by the lender, not necessarily the person selling the cars.

  • @Dangman-s8i
    @Dangman-s8i Місяць тому +2

    I don't no what happened...when I bought the car...its painful to hear her speak.

  • @michael2275
    @michael2275 4 місяці тому +3

    Stupid people and their money are easily separated

    • @hughjass8383
      @hughjass8383 3 місяці тому

      "A fool and his money are soon parted"

  • @alexm5656
    @alexm5656 Місяць тому +2

    Sorry this lady is too incompetent . How you got fooled into that deal is unreal. It’s hard to feel bad for her because of the level of laziness on her part is wild

  • @Dansk55
    @Dansk55 4 місяці тому +12

    1st mistake: not paying cash for a damn car
    2nd mistake: financing a Nissan

    • @agents977
      @agents977 24 дні тому

      Majority of people can’t pay cash for a car unless you want a piece of shit clunker

    • @neomonk5668
      @neomonk5668 17 днів тому

      3rd mistake: Using girl math

  • @earthling1984
    @earthling1984 2 місяці тому

    I'm so sorry for her. Have to do your research before buying anything, especially higher priced items like vehicles. I hope she can get this situation all fixed up and be able to move on. At least she's young, she has time to recover. I hope she buys an older (maybe 2010 - 2015) Honda or Toyota, and keeps it until it no longer runs (or until she has more expendable cash to get something else).

  • @Forerunner51
    @Forerunner51 5 місяців тому +6

    People need to be more carful

  • @edwardrhoads7283
    @edwardrhoads7283 2 дні тому +1

    Sounds like her total payments are 40k not that she owes 40k. So many people don't seem to understand the difference.

  • @AllanTurner13
    @AllanTurner13 5 місяців тому +3

    Thats insane, cause i got my used 2018 nissan sentra for $17,000. My monthly payment was about $364; i got it refianced down to 274.

    • @bobgomez1404
      @bobgomez1404 5 місяців тому

      Dang they do be upping the price on financing

    • @robert8311
      @robert8311 4 місяці тому +1

      I got 14k for a versa 2021 how the hell did she get up to 22k

  • @NGMonocrom
    @NGMonocrom 25 днів тому +1

    No, she does not understand this situation. They got her a $40K loan.... And then she signed for that. Who does that? I'm sorry but her age is not the problem.

  • @romain198426
    @romain198426 5 місяців тому +6

    I dont know how she didn't realize she's buying a car for 40grand and how was

    • @lalomalo8052
      @lalomalo8052 5 місяців тому

      Probably bought the car for 20k
      Dealer added on all the extra stuff they usually do.....doc fees, destination charge, paint protection, GAP insurance, service warranty, tire protection etc
      Financed it for lets say 25k
      Rest is from interest would be my guess

  • @BasicFolders
    @BasicFolders 4 місяці тому +1

    Just roughly in my head, it sounds like they gave her a super high interest rate and part of the contract was that if she paid the loan off early, she would still be due all that interest out to whatever year it would’ve normally been paid off.

  • @lurpdeedurp5890
    @lurpdeedurp5890 5 місяців тому +5

    Go from having a car
    to having no car and owing 18k after selling the car…

  • @billsmith281
    @billsmith281 5 місяців тому +2

    Just remember, the excitement of getting a new car, soon wears off, but the monthly high payments will go on for many years. Youll be much happier driving an older car that has no monthly payments.

  • @DH-mf6jf
    @DH-mf6jf 5 місяців тому +7

    It must be easy being a car dealer lol people are idiots.

    • @Sci-Mon1
      @Sci-Mon1 5 місяців тому +3

      I used to work at a bank and I would have people come in and not know a single thing about the loan terms except for the monthly payment. They told me they just signed, got the keys and left.

  • @airta89
    @airta89 Місяць тому +1

    It's hard to feel sorry for her. She obviously didn't look at that contract at all. She just heard the bits she wanted to hear and forgot about everything else.

  • @socalgolf9978
    @socalgolf9978 4 місяці тому +4

    40k for a Sentra worth 15k

    • @micker9830
      @micker9830 4 місяці тому

      She owes $20K on it not $40K

  • @nicholasperusina6849
    @nicholasperusina6849 5 місяців тому

    Yusuf, great video, and great advice. I hope a lot of first time buyers pay attention.

  • @joseavalencia6448
    @joseavalencia6448 5 місяців тому +4

    Looks like she had negative equity trade in while paying 29% apr

    • @bluethunder9102
      @bluethunder9102 4 місяці тому

      She didn’t. She had a 2003 Mazda no way she was making payments

  • @edwardcase6594
    @edwardcase6594 Місяць тому +1

    She believes she needs to get out of a 2021 car and will do better by buying another car from another dealer and trying to roll over her current upside down debt. This person should be driving her current car for the next 15 years.

  • @Wolf-Marlon23
    @Wolf-Marlon23 Місяць тому +4

    A BRAND NEW 2024-2025 Nissan Sentra only cost around $22K-$28K fully loaded
    Bruh.... Taking advantage of people's ignorance like this should be *HEINOUSLY ILLEGAL.*

    • @jlaw430
      @jlaw430 Місяць тому

      She got the car at the right price but the thing is this is probably her first "major" purchase along with little to know credit history. Her APR is high as hell (probably 19%) and doing the math probably has it stretched out for 6 years just to get the "lower" monthly payment. The thing is that she let them tell her anything without her double checking nor looking at her paperwork. Shorty probably just signed her life away without batting an eye

  • @preppyx_0412
    @preppyx_0412 25 днів тому +1

    The dealership should be arrested for taking a kid to town with that kind of loan

  • @robertdiehl9003
    @robertdiehl9003 5 місяців тому +2

    By now, Sentra probably needs a transmission....

  • @DITYTruck
    @DITYTruck 25 днів тому

    Does she have gap coverage?

    • @RideWithYusufb
      @RideWithYusufb  24 дні тому +1

      She does and thank you❤️

    • @DITYTruck
      @DITYTruck 24 дні тому

      @RideWithYusufb She should consider going mudding in her vehicle, it might help her situation.

  • @MattMatt77
    @MattMatt77 4 місяці тому +3

    Why should I feel sorry for stupid people?

    • @p19shelt
      @p19shelt Місяць тому

      Because there's a deeper issue there...

    • @MattMatt77
      @MattMatt77 Місяць тому

      @p19shelt 🙄
      No there isn't

  • @Gdwin12
    @Gdwin12 2 місяці тому +1

    😢. Damn! I've watched a few of his videos. People are crazy!
    I bought a 2021 Toyota Corolla LE brand new for $17,000 out the door taxes and reg included with a $2,000 trade-in. 0% APR @$250 a month.
    This was before COVID hit in December 2020. During the pandemic, my car with 20,000 miles was worth $19,000+
    I'm one of the lucky ones but I would never get into $400+ a month for a car. Crazy times we live in.
    This chick is young and will hopefully learn from her mistakes. I remember when I was 18-22yrs old, I made stupid decisions.

  • @homerj2017
    @homerj2017 5 місяців тому +4

    Wow I just bought a Sentra new for 22k

    • @deadfairfield
      @deadfairfield 5 місяців тому

      Sorry to hear that

    • @elephant1992
      @elephant1992 5 місяців тому

      You for scammed kid
      Nissan started to put leaf blower engines in those cars

  • @mareble412
    @mareble412 5 місяців тому +1

    They did not scam her. She signed on a longer term length with a high interest rate. It happens when you only look at monthly payment.

  • @robert8311
    @robert8311 5 місяців тому +3

    How did you accept a car without knowing any of the details
    No way she just took the car and didn’t do any do diligence

  • @Cheaphorsepower
    @Cheaphorsepower Місяць тому +1

    She’s confusing total amount paid over the course of the loan with all interested included. Sounds like her pay off was 22,000. She sounds very confused so I’m sure she read the biggest number on her paperwork not realizing that was after interest.

    • @joe-31
      @joe-31 Місяць тому +1

      I agree with you 100%
      Misleading title and video. $40k was the total paid after the full term in 2029. Her problem was she had 14% interest rate

  • @sleepysleeper6390
    @sleepysleeper6390 5 місяців тому +14

    How do you not know how you ended up getting charged 40,000??? Sounds like a Kamala voter.

    • @dklauf
      @dklauf 5 місяців тому

      Rick Scott sold her the car.

    • @aaronx357
      @aaronx357 4 місяці тому

      This comment is gold 😂

  • @ducknorris233
    @ducknorris233 4 місяці тому +1

    Not having someone in the family that is financially sophisticated and can give you advice is a problem.

  • @macalister8881
    @macalister8881 5 місяців тому +3

    She got cash back she lies 😮

    • @Jelliott424
      @Jelliott424 5 місяців тому

      I don’t understand what you mean

    • @macalister8881
      @macalister8881 5 місяців тому

      @@Jelliott424 when you buy a car some give you the option to get cash as well 10 or 15 thousand if you have good credit and the loan with interest will give you 40,000 debt for a 17,000 ride .

  • @chasethecarguy
    @chasethecarguy Місяць тому +1

    I looked at cars at a nissan dealer to test drive with my friend and they were asking like 37k for a sentra SV, absolute ripoff.

  • @KamalaTheClown
    @KamalaTheClown 4 місяці тому +4

    She voted for Joe Biden

  • @firechase7640
    @firechase7640 25 днів тому +1

    Another reason for financial literacy to be taught in schools.