EVERYONE IS BROKE And The Car Market Is SCREAMING IT!
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- Опубліковано 21 кві 2024
- EVERYONE IS BROKE And The Car Market Is SCREAMING IT!
Thanks to all the creators that helped me with this one!
Mark- / @markholubetz
Joe- / @shiftingmetal
Michael - / @michaelbordenaro
John- / @thisisjohnwilliams
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
More of this collaboration on finances, economy, real estate and the auto industry! This is a big win for viewers. Thank you, gentlemen!
Those mother fuckers!!
Spot on!
Real Estate, Housing Next !!!!!
I diasagree.Inflation is hitting housing, food, clothing, entertainment budgets. They don't have down payments. People also paid too much for cars during Covid with add ones. They are upside down which means they can't afford to trade up.
Car prices do not go down. And prices are not realistic, people in their right mind will not over pay and then lose money.
There's not a pickup on this planet worth $80k or $85k. The automotive manufacturers/ dealerships have lost their minds.
@jf2176 UAW workers are definitely overpaid.
But the consumers are crazy to buy these expensive cars, are you insane 😜
@jf2176if you cut pay, so prices can come down, then even with the lower prices people can’t afford them…the problem is money printing at the fed, and people thinking they can live outside their financial lane
Many auto manufacturers have been drinking the the EV koolaid of the politicians on the left and lost billions of dollars on the EV sector, so they try to make up the lost by increasing the prices of ICE vehicles that people want.
The result is both EV and ICE vehicle sales fall like landslides.
Tax write off for businesses?
Couldn’t happen to a more deserving industry.
Greed kills.
Some times people.
Some times businesses.
Some times industries.
Some times governments.
No sympathy for the auto industry. When you crap in your own nest this is the result.
We are all suffering now man. Most cannot afford food/shelter let alone an overpriced car.
They ran out of people that can taken advantage of its their fault
You hit it on the nail.
Actually, now seeing the downside effects of the planned (Marxist) economy & the Cantillon effect. Additionally, The corporate executives steal the wealth of the workers and equity investors through their “bonuses” & stock options, when the Fed & tax code create the artificial demand as seen the last couple of years/decades! Those executives did not innovate or invent something to benefit humanity… they just played the corrupt corporate game and paid off gvt. Officials with inside info ( can you say Nancy Pelosi- and pretty much all of the other corrupt politicians!)
If you’ve got assets, get ready for some good buys in the next couple of years! 👍🏼
Sorry but $4500 for a vehicle with 200k miles is not a deal. It's a rip off. I'm tired of seeing that. 3 years ago people were giving away those cars on Craigslist not trying to make 5k off them. It's absurd
Yeah but that’s what you’re gonna be seeing a lot more of because of supply and demand. The supply of used cars in good condition is going down because they can’t afford to buy new ones so the demand for used goes up which in turn makes prices soar even for the ones nobody wants because that’s all there is. A 200k car for 4500 that runs and drives at least halfway decent could last for 4-5 years if not more with around 1-2k of parts and that is deal.
Last year a friend of mine bought a 2000 Toyota Camry with 350k miles for 1500 bucks and so far he’s put like 30k on it and hasn’t done shit except for oil changes.
Exactly
70% drop in value when u drive off the lot. That $5000 car is what? $1700 realistically? 🤣 I still wouldn't pay that. My first car was $1,445ish and it didn't even have a radio and the window didn't go down. Right than and there ik we...the American people were gonna get fucked. I make $19 and get overtime ...bro I can't afford a house/apartment plus a car and it's payments and don't forget insurance. What are we drug dealers? Only drug dealers and probably doctors make enough and that's still unsure
to survive rn.
Especially considering the repairs it will need.
A $700+ payment is insane for the average person. Especially with sky rocketing rents and home prices.
Also add unemployment and crumbling job market with layoffs, low pay and little to no benefits. People who are lucky enough to have work are struggling for basics.
Can you say Car Insurance?
I guess it depends on what kind of job u have.
It is all about EGO EGO EGO with all those huge fancy trucks. F$$ck them.
@@Cerez78 There is no shortage of work in health care. Not enough staff.
Remember when dealers were adding $10,000 to the price of used cars, calling it a "market adjustment"? Yeah, I don't feel bad for any car dealership that goes out of business. They got greedy and now they are paying for it. Let it burn. They did it to themselves.
I agree. They made their bed, enjoy the ride.
Exactly! It wasn't that long ago either. Market adjustment my ass!
They still are. Local Toyota dealer has market adjustment of +$10,000 on Land Cruisers that aren't even on the lot yet.
It’s just business
I have no sympathy for them
I could easily pay cash for a new truck, but refuse to pay $40K, $50K, $75K for a vehicle. Will keep my 1999 Toyota Tacoma.
Same, I'll just keep driving the 30 year old Chevy
Driving my 1988 Toyota Pickup. It’s cheaper to keep that going infinitely over any modern day junk pile. Cafe rules vs a made in Japan Toyota is an easy decision.
Only new American SUV I know around 30k is the Bronco Sport. The Ford Bronco Sport is probably going to become Fords new consumer SUV. They're the only new ones I've found under 30k.
Same i got a 2008 paid off months ago, i aint buying anything new..
I have five cars, the newest one is 14 years old. Not getting rid of any of them anytime soon.
Shrinkflation:
2021: Chevy Blazer lt2 308hp v6: $39,000
2024: Chevy Blazer : 228hp 2.0 turbo: $43000+
....but its a Turbo..... 😂🍻
Me with a 2012 Toyota Rav4 That's paid off and only 41k miles: "yeah imma just keep ridin"
SMART!😊😊😊
Corps: you need to spend money or our businesses will fail!
People: okay, than pay us so we have money to spend
Corps: no pay, only spend >:(
Make sure you’re changing ur transmission fluid, oil, cabin and air filters regularly or it’s gonna die.
Sounds like you’re doing less riding and more sitting in the driveway😂you average miles per week that I have to drive in a day
@@beavismcdeavis142 wierd flex but ok…
We are not broke. We are simply sick of car corporations screwing us over, overcharging us for poorly made products and continually raising prices to gouge us!
Amen.
Amen. You got that right.
I'm broke
Well, some people aren't, myself included. I agree that all the carmakers have done the "build it to last the warranty" ethos to the max. $50+k, plus interest, for a vehicle that only goes 60k miles before it's "junk"? Total ripoff.
Well...some o us are broke, but I for the most part agree. I would also add that the car companies shouldn't solely be saddled with the blame, government regulations, union labor, and cost of materials (as a consequence of inflation) are jacking up the price as well.
I will never in my life spend $100,000 on a truck. I will buy a donkey and name it Brandon first.
Love it.
Giddy up, let's go Brandon. 😂
😂😂😂😂😂😂😂😂
Sorry but the only ass i know is Trump.
😂😂😂😂😂😂
Imagine how much cheaper vehicles would be if we got rid of the useless tech, like giant infotainment screens, 6 zone climate control, electric windows, etc. I bet if someone made a bare bones vehicle, it would sell like mad.
The electronics are actually not that expensive, they started using touch screens instead of nobs and buttons since it's cheaper (molding for all different buttons and nobs),
I put most of the blame on safety regulations, which now require a lot of sensors for detection of nearby vehicles, I read a few laws that Congress passed and it's infuriating that consumer choice is being taken away. A bare bones vehicle would not be possible with these regulations.
Toyota made a new pickup marketed for countries in Asia and is a bare bones vehicle for around 10k usd (that's what I heard sounds a bit far fetched)
This is exactly right. The electronics and complicated ACs are also the items that seem to break and cost a fortune to fix. I want the old sliders and knobs. Simple is always better, and typically cheaper. The other guy who mentioned all the federal regulations is also correct.
I can buy every part to make my 2000 Silverado brand new and it would be less than $20,000 - let that sink in
Id rather ride my ‘93 into oblivion before humoring these prices
Im happy with my 1770 Cugnot Fardier
UHM YEAH BUT HOW WILL MIDDLEMEN MAKE MONEY DOOD??
60+k for a basic Jeep is beyond logic.
That’s the Canadian dollar, which is weaker than the US dollar. It’s more like only $52,000 US.
@@EMichaelBallonly?? Haha
@@EMichaelBall I,d rather own a wet fart for 52k than jeep
It's beyond sanity.
just 1 btc haha
I paid off my car back in Jan. I’d rather spend 3k on up keep than have a monthly payment on a new or used car.
Amen. My 2009 car just hit 200,000 k miles and as long as it’s still going then im keeping it
Exactly
Yep. I’ll keep my car for however long I can.
drive an '89 Toyota Camry 🤪 starts, stops & comes back with all the parts it left with 🤔
That makes you a f******* crazy person! You’re supposed to make payments on a depreciating asset FOREVER especially with a hyperinflated interest rate. It MUST be 30%
LOL some of us have been saying "the market is broken" about the house prices for 20 or 30 years. Nothing is gonna change. Prices will never come down. Matter of fact, I bet every single car is gonna be over $100k soon. Eventually you won't be allowed to own a car.
This is the goal.
Yeah I doubt it. They still need to make money. They can't sell cars to themselves.
@@chrispz5675Look into the EV and other "economy" car manufacturing developing in mexico that China is heading. The average person will not be purchasing name brand cars in the near future. Inflation, anti america policies and just plain greed is destroying the American economy. People will soon have no choice but to buy a china brand car.
@@chrispz5675The next 10-15 yrs well start seeing alot of Changan, JMC, Dongfeng and others.
@@chrispz5675theyve already made their fortune. Their good dude. The powers that be dont want the common man having a vehical. This is why this is happening. Theyre making owning a car and a home impossible on purpose.
I'm a welding inspector make 130k minimum a year. Still drive my 2003 honda accord ... I rather eat rib eye and collosal shrimp everyday than paying 90k for a new truck or car. It's ridiculous.
New cars are highly unreliable anyways
Holy crap.
Fr.. all these new vehicles are garbage, they are made to
Break so we stay poor
yeah well said! new cars have really shit the bed, it's just to much tech crap, Mercedes for example just needs to give up, their new cars may as well have a starbucks coffee maker inside as well as 4 ipads, I swear to that tech crap takes away from the car. And remember that the new cars are spying on you too, could not be any easier for them.
Yeah the materials used in new cars get worse and worse each year yet the prices are hiking which is a travesty….
I have a 98 Dodge 2500 12 valve diesel. Was at the Dodge dealership recently to get a little part and had a salesman approached me wanting me to trade it in on a new one. I laughed and told him no freaking way and I wouldn’t even if they traded straight across. And meant it. My truck is paid for, extremely reliable, gets over 20 mpg combined, cheap to tag, affordable to insure…… I don’t want at buy a truck that costs twice what my first house cost in 1990.
We're not broke. Our wallets staying closed is a "market adjustment".
Omg I have been saying this. Support local small businesses only, don’t but ANYTHING WHATSOEVER unless it’s a necessity.
They don't care if you don't buy cars, it's part of their plan. Easier to implement 15 minute cities if you dont have a car😂
@@reneesfoxynews6652 We lost a quarter of our local businesses thanks to the bureaucratic nonsensical reaction to a bug w/a 99.96% survival rate. The small companies were hardest hit and the small companies that supported them also hit. That little grocery being shut down while the Kroger's, Walmarts, and other food giants could keep there doors open, is a travesty of justice and overreach of "protectionist" government. In 1 year HALF of the small retailers were wiped out (by force - literally had cops "enforcing" closures for our "protection". One big fat lie after another and now the big companies are feeling it. Co-opting & usurping government policies to shudder your competition does not end well for anybody. Now we're all fucked
I just payed my last payment 2 weeks ago on a 72 month car loan and I will never take out another loan like that again. It's too long. I usually trade in after I pay off my loan, but prices are out of control now. I'll keep what I have and buy used from now on
@@davestorm6718that was their goal all along. Get people afraid. Choke small businesses, large businesses ride out the wave. It's all very calculated
When I worked at the dealership, in 2009-2012, there was not a base model truck available to regular consumers. The only way to buy a baseline truck was through a fleet program. The only trucks on the lot available to regular consumers were Platinum trim level. Trucks had more luxury than Lincoln cars did.
Seeing prices skyrocket always has me thinking "man who tf can afford this?". turns out, nobody can. Nobody could before but now its been made impossible to afford $1.5k a month for just a car.
I see a lot of well fare recipients always driving vehicles they cant afford.
Buying large TV's they shouldnt be buying. Waisting money constantly.
The only reason I see to drive something new is leased, and as part a business that requires a lot of driving.
Not a single one of those vehicles are anywhere close to being worth those prices. Not a single one.
and this is why I ain't gonna ever buy a new car, not worth it, old cars are better
bought a 2010 1st gen cruze 5 speed manual 2 years ago for 4000 eur, chances are, I could still sell it for the same 4 grand today.
newer cars just have too many features chances are most people won't ever use, the only extra feature that I do see useful is the option for a automatic transmission, helps if you live in some big city with equally big traffic jams, and even that automatic can be made cheaper, like either a CVT either a automated manual (that's literally a ordinary manual transmission with a bunch of actuators on it, if those fail and are too expensive to replace you can literally put a shifter and a clutch pedal on it and voilla, standard)
@@Alexander-jr8nw If you think CVTs are bad, just look at start stop. Having your car turn off every time you stop at a red light is HORRIBLE for the engine. The most stress your engine ever sees is ignition because thats the moment of highest compression and torque. EVERY. SINGLE. NEW. FORD. has start stop. Even their cheapest $40k base model 2 door work truck.
They have a lot of problems
Lol 😂 🤣 it's so tru guy
50k ? Maybe if they lasted 500k miles
$85K for a Jeep Wrangler is true insanity.
It will be burning oil too!
They have a 10 year generation cycle. That’s crazy. If you bought a 2007 wrangler, you could have put 200,000 miles on it then bought a brand new 2017 wrangler and bought the same generation. Then Jeep wants you to pay $60,000+ for a vehicle that has virtually no R&D. Pure profit.
So is 4k
$85,000 for any car is insanity
85k for any car isn't insanity.
A BMW 760 LI is totally ok with that shit ton of electronics.
Or Mercedes S class.
Or other luxury cars or hyper cars.
Car prices in general are out of hand and i blame govt for that there is no reason a civic is 35k
Real question, what do you expect the government to do?
What can the government do to limit corporate greed?
Do you want them to nationalize car manufacturers or dealerships? And/or let the central bank set the prices of cars? Or do you want Congress to pass a law changing the fiduciary duty of companies to benefit their employees and customers more than their investors? How exactly is the government responsible for the behavior of privately owned companies and what action do you want the government to take?
Stop mandating these safety features that literally are making worst drivers and the cost of a basic car more expensive. There is a toyota pickup truck overseas that literally cost 10k new but because of restrictions here we will never get it.
Mandate basic economic classes for the masses and reduce regulation. It’s not a magic bullet but it’s also obvious and helpful
@@youtubename7819 maybe stop devaluing the dollar by printing currency and ignoring fiscal responsibility? Maybe pay off our tens of trillions in debt?
Nah, never mind. Must entirely be corporations fault.
The base bodel civic is not 35k.
Also, it ain't regulations, automotive safety standards haven't changed in 10 years. I had a 2018 civic sport hatchback, paid 22k in LA. None of the premium safety features are required by the feds, they are pushed by the manufacturers as a reason to upsell.
It ain't government, it's corporate greed, pure and simple. Why some folks refuse to see the obvious is beyond me.
This is why I bought a motorcycle. $30/month in insurance, 50mpg, 7k brand new, and I spent a few hundred dollars in heated gear to keep me warm in the winter. It works out great. Gets me from point A to point B. Don't need to go super fast, just need to get there.
Smart but too many stupid drivers on the road for me to feel safe on a bike.
@@frankiethefrog1752 he said motorcycle not a bike. Why would you ride a bicycle on the road with cars?
There are reasons why motorcycle insurance is cheap: the actuarials expect you to die in any collision/damage claim, so... no payout.
@Sunset4Semaphores Actually, it's because it's assumed to be a secondary vehicle. I live in New York and only madmen like me will ride in sub-freezing temperatures. Everyone else rides when it's warm out which is only like half of the year.
Not that we are broke. We just ain't stupid enough to pay 90 grand for a vehicle.
Nor pay $3,500 for a POS either!
Yeah plus insurance is out the window….
Some people are.
@@gregholman2930 yes, it should be like 1500
Exactly
Corporate greed is quickly eliminating the middle class
On purpose.
We are living in a time of hightened class warfare
Government interference, if it was corporate greed they would be making things out of cheaper materials and charging more. But materials are not getting cheaper.
Agree. But on the long run this is suicide for them. Middle class is the muscle of the nation. So you need to strenghten it.
It's not the corporations.
I know someone that works at a Ford plant in East Chicago, IN & they’re contracted thru a temp service. The unionized workers actually were on strike bc even the permanent employees were not making livable wages. Yet they charge what they charge.
Temp agencies are parasites, and are toxic. Ive been saying this for over 10yrs. Here in Tulsa is 80% temp service.
Half the money goes to the top end and corrupt Union bosses. the other half to government lobbies and regulations.
Back in 2015 I got my truck brand new off the lot, 0% for 5 years. $46k Canadian for a 1/2 ton. Now the identical truck but 2024 is $76k.
Absolutely insane
All by design....they want us to feel the pain and be forced to look at EV's.
Same mine was 2013 fully loaded Laramie has everything on it too leather seats heat and cooled really nice truck still have the window sticker lol
Houses became the price of mansions, and cars became the old price of houses, and executive salaries and shareholder wealth has exploded. Thank you economy.
While everybody else’s pay stayed the same, we were run off from our jobs, or some other nonsense.
More jobs than ever now that everyone's working 2 or 3
You spelled Joe Biden wrong
@@KyleJon Neither Biden or Trump can fix this without possibly screwing up the "free market." We aren't a planned economy like what happens in communist countries. The free market did this, hopefully the free market corrects it.
@@KyleJonthe bankers don’t care about party
It's bad enough that new vehicles are outrageously expensive, but they are also largely irreparable trash.
And too big, Big car will cost more, that's what happen with juge suv and trucks
Too many unnecessary electronic wiz bang things to break and leave you stranded.
💯💯
Amen to that!
My Tesla has a problem with the seat sensor and the want a minimum of $700 to repair it. I tried to do it myself but couldn’t figure it out. I have no idea what sensor.
The root cause of all this turmoil amounts to not only extortion in the automobile industry, but also the resource industry. The price for resources like steel, rubber, microchips, etc. are through the roof.
This is why in many countries Korean and Chinese cars are booming, because they're 1/3 the price brand new. And there's some good stuff like the Kia Stinger GT, Cherry Tiggo and MG ZS. They aren't insane work horses, but they get you around and are reliable and full of features. Went on a road trip here in New Zealand few months ago, drove a brand new 2023 MG ZS for the week. Full media centre, lane assist, automatic cruise control, Led headlights, etc...and it was fantastic for my road trip. Costs about US$15k brand new.
I'd trust a Korean car, but Chinese cars are death traps. You'll be very lucky to get a chinese car that last more than 50k miles or 5 years. Also the Chinese Ev's like to burst into flames.
Yep. I drive an old Hyundai my mother in law gave me. She has been driving Hyundais for over 20 years.
15 years ago I paid $57,000 for a 3 bedroom house, put in another $10,000 in elbow grease & my payments are $400/month. Spending more on a vehicle than a house is absolutely absurd.
15 years ago the average house cost $246,000. I don’t believe you paid $57,000 for a three bedroom house. Either that or your house is like 500 ft.² and located in the most ghetto of ghettos.
@@absolutetuberI’m sorry that’s what you believe. It’s absolutely 💯 true. I’m not in Cali or NY or anywhere like those places. I’m in Oklahoma. In a medium sized town. Currently I wouldn’t be able to find the same deal at all. But I live in a nice neighborhood built back in the 1970s. We aren’t fancy, we are comfortable. You can catch glimpses of my neighborhood in my videos. It ain’t the ghetto, it’s the suburbs. You’re correct tho, my math was off, I purchased it in 2011, not 2009. My bad.
@@absolutetuber its possible, my moms first home was 2 bed 1 bath with a basement. Cost 87k
@@absolutetuber 5000 sq ft with separate guest house, acreage, concrete floor steel barn with 200 amp service, horse barn with indoor riding arena, three car garage, two story trees growing in my Solarium. 9 ft. Basement ceilings same as house. Double wall construction with geothermal, $260k purchased on Craigslist. Gotta work to find deals.
I bought a 600 sq ft bungalow for $20,000. I laff at my boss bc his truck cost $120,000.
At the same time, seeing all those $60k+ cars just sitting there gathering dust makes me smile. Screw those greedy fkrs.
Agreed! Most the people I know who own all these toys overpaid for them and appear rich, but are buried. I learned the hard way in my late 20’s when the economy crashed.
Omg😂😂😂I agree
Sad but true 👍
You're right...fugum.
They can all below us every night...
*My 1995 F-150 (purchased new in 96) just keeps getting better and better*
Them ford V8 Windsor's or 300 straight 6 are probably the most reliable and simple vehicles. Don't ever sell her my man!!
@@ah-yp6vp *I have two adult Sons. That truck isn't going anywhere except to their driveway someday. Next year it qualifies for antique plates ;-|...I always tell people if you're gonna buy an older Ford Pickup, you better love it because you're probably going to be driving it forever. The 300 Windsors are probably as close to being bullet proof that any engine will ever get*
That’s just for the vehicle, you still have to pay for insurance, maintenance, fuel, etc.
I'm not broke but I'm damn sure not buying anything I don't need either.
I would like a used truck but I am not spending $30k for someone else's junk. Especially since everything is automatic transmission today. If they didnt get it serviced properly or on time there is another $8 - 12K.
10%+ interest rate nobody buying
💯👍😎👌
@@elonever.2.071My husband is looking for an older truck, even 20-30 years old. People want $10K+ for a 30 year old truck with an automatic transmission. Like you, he doesn’t want an automatic because manual transmissions are pretty easy to work on if they need it, and we both just prefer the manual transmissions. It’s more reliable and it’s kind of a theft deterrent, because most people can’t drive them.
Thats true,if not more bcoz mechanics allways add more stuff just to fish more money ,,,I dont trust mechanics and specially car dealers they are the biggest scammers you meet,they lies til their socks get wet.
Never buying a new car again. Not buying a used car over 5k ever again. It's so stupid out there right now.
agree been driving same car now for 15 years it is paid off and everything major has been replaced/repaired
I bought a 2018 jeep compass with 20K miles on it. Transmission has been replaced 2X within 6 months. Trash!
You can if you just refuse to roll over negative equity. When your car payment runs out, half of each payment after that goes back to budget, half to a "next car' savings account.
I paid for my new Toyota Minivan in 3 years and kept it over 10 years. We gradually lowered our "next car" deposits after the first three years. The Toy still drives excellent, but our needs have changed and we're ready to spend some of our "next car" account.
I say everybody go new pay off that new car within three years and keep that car for 30+ yrs
Going on 3 years with a $600 car put 30000 miles on it so far now it's at 170000 miles Chevy cavalier 2004 I totally agree with you....I've had to replace the alternator and one tire and tire repairs that's it
I'm 21 and I see no reason in getting a car or truck! Prices are outrageous and insurance is somewhat a scam. Like paying 300-750 on top of 775 rent while only making 14 dollars an hour is literally impossible. If I were to get a car/truck I'd be forced into debt. But it's ok I'm in the best shape of my life cause I ride a bike everywhere. Shit is damn near slavery for my generation it's ridiculous! I can't wait for my peers to wake up from are brain rotted society that only cares for monetary gains!
I bought a 1200sqft, 3 bedroom 2 bath with half an acre in town in Texas at $89k in 2020. At these prices, buying a new truck is like buying my home again.
It's not "getting out of hand", it's been out of hand. It's past out of hand.
Hey but the full time self identifiable and tracking electric cars are going down in price. 😆 🤡
It's a market adjustment.
It warms my heart to know dealerships can have their cars repossessed😏😊
Awee maaan…me too!
I left the US in 2009. I left behind a 94 Camaro, 2004 Montero and a 2008 Suburban. A family member has kept them for me in a barn and run them occasionally to keep fluids from going off and seals going bad. In 2022 I asked that family member to send the Montero and Burb to auction to just get 5 or 6 grand and off load the headache. They sold for a combined total of 32 grand. My auction fees were more than what I wanted for them originally. Imagine how much I would have got to sell them private. More than I paid for them new and with a hundred thousand miles less on each of them. What the hell.
Take every new car and cut $20,000 right off the top. Trucks... take $30,000 to $40,000. None of them are worth what the asking price is.
Considering the problems you have with them after only 2 years driving , new cars are rubbish .
Even if the dealership cuts the price in half, their still too much money. It's actually funny. Hey, have we got a deal for you!!! lol
@@nzbrotrev9028
I bought a 2008 Dodge Dakota and was putting money in it at 16 months. I bought a brand new 1991 Toyota Tercel and my wife drove it 16 years before things started to need replacing. I now have a 2016 Rav $ I bought new and it is still going strong. I don't count tires, brakes, oil and wipers...that is maintenance.
Buying any gas guzzler for that price just makes it worse for stupid consumers and helps them go bankrupt.
100%. The MSRP is inflated by the manufacturers by at least 30%.. then add the dealer markup and you are probably 50-60% over the value of the vehicle
Wow, whatta novel concept, hang on to your Vehicles and pay them off.
When I retired My wife and I bought two brand new cars, nothing fancy.
12 yrs later, those cars are long paid off, still going strong. The plan has always been to drive ‘em ‘til the Wheels fall off.
Taking care of your shit pays off, believe it or not.
I don’t mind driving a 20 yr old Vehicle ,
zero Car-Payments is well worth it. The Consumer has been BS’d into believing “You gotta have a new vehicle every 3 yrs”
The worst thing ever, the invention of Car-Leasing.
These greedy corporations can go broke and I won't shed a tear. When you rob the public, you reap what you sow !
Yea the government will bail them out so it will come from our hands anyways. Oh the circle goes round.
Greed may be part of it, but when the metal, wiring, computer chips, the payfor the factory workers increasing to remain competitive etc. all cost 4x as much as it did 5 years ago it's not all greed, it's what they have to charge to manufacture them. They make a profit because they have to pay their bills and sales workers too. It's the state of the economy being in the garbage that's to blame.
Unlce Sam will save them.
Dumb.
They went out of business. Obama paid them billons with your tax money.
And for those that say they paid the tax payer back is absolute lie.
Dumb.
They went out of business. Obama paid them billons with your tax money.
And for those that say they paid the tax payer back is absolute lie.
Trucks now cost as much as Condominiums did 10 years ago.
Ridiculous
As much IF not higher than a hefty home addition does today. Where I am you can get a mid tier kitchen addition, a 2nd garage, a new laundry room, and brand new hardwood floors. Add to that some other renovations or remodel possibilities. A truck is in the similar price range from a lot of these 100k+ ones.
Bro I’m from West Virginia and 2 bedroom home is cheaper than these trucks lol
Was looking through an old Autocar magazine from 1998. Back when cars were brand new at £7000. Even when I passed my test you could buy a new car for £7/8000 - back in 2008.
Glad I don't ever have a hankering for new cars.
Most people could never afford new cars, they pay check to check. If they lose their job, the car is gone with it.
"You will own nothing and you will be happy."
Klaus Schwab- head of utopian and communist paradise , son of German SS officer in WW2
Say it again Klaus!!!
The oligarchs who control the political world are he'll bent on crashing all of the fiat currencies around the world at the same time. Then will foreclose on real property when the pull back credit supply and people that have taken out loans on homes buildings business with fake ( fiat currencies) will be subject to the only choice of a Centralized digital currency that will have a social credit score attached to it. At that point, they will own everybody .
kluminati
You got it.
There Aint no person shedding a tear for dealerships closing .
Nope. Not me.
If it was only inflation, cars would cost 1.25 times more than 6 years ago, but they cost 2.25 times more. Dealerships are too greedy.
Just the people working there lol
@@ashleykathryn9038 The ppl working there rip off customers who buy cars.
What dealerships have closed ?
Fair price/good car, always going good! Let those overstickers go down on demand! Huge win for a whole market 🎉
Been watching these videos on and off for at least a year… car prices are still insane! There’s no sign the dealers are in trouble!
A pickup truck or Jeep costing $80k-90K is just absolutely insane!
my local ford dealership has 3 bronco's on the lot for $110K each.
Let em sit in the lot
@@ronyeahright9536 Good Lord!
The guys in the video are kind of being shady. They are only showing the highest priced models
@@cwhit2575 Sure for effect, but the fact those highest priced models are that high is still ridiculous.
I work at an auto manufacturer and build a truck I can’t even afford. Corporations have greedy management, the rich keep playing us for fools, it’s time we bring it to a halt
Ironically, Henry Ford's original intention was to produce a vehicle his workers COULD afford.
A lot of it has to do with emissions and safety regulations. If someone could still build something like a Geo Metro or a 90's truck would be cheap to build today too. Instead of buying a new truck I'll probably just buy from a parts catalog and make a 70's or 80's one.
your government keeps printing money and sending it overseas or giving it to corporations. That's why prices have doubled in the last 15 years
but wait I thought that is why auto workers always strike because the 25 30 35 40 dollar or more job ain't enough funny thing though about profits you know the thing that keeps a company in business if cost go(labor) up and prices remain the same profits go down to maintain the same profits price has to go up really simple
@@josephpearce729 How about the excuse of supply chain shortages and increased cost of parts that is driving up costs not just in the auto industry ! My washing machine or deep freeze isn't going up in price do to auto workers . Prices are up everywhere since covid and companies are taking advantage of it - CORPORATE GREED !
I had to pay 5K for a 16 year old Honda Civic. (92,000 miles) I though it was insane at the time, but I'm glad I did. It is cheap and reliable. I've had people try and buy it off me, not a chance.
i work for a parts house and we've been so busy over the last four years since Covid it's just crazy. A lot of people are fixing their used cars rather then trading them in because the price for used or new is out of control.
I drive a 2005 Toyota Corolla. 211k miles. Rusting. Paint peeling. Starts. Every. Time!
Only a matter of time though before the bureaucrats force these old reliable cars off the road.
My girls rolla is a 99 with 350 so I think you got a few more miles in it 😂
I JUST laid to rest my 2009 Civic. That thing was a TANK (even in the snow with decent tires). Toyota and Honda are the best man… ESPECIALLY for older cars (“beaters”).
As long as the axle doesn't fall off the freeway and it still runs, it's all good
Keep driving it and watch it’s value go up. New car reliability is terrible and people are realizing older cars are much better.
As someone else said, we are not broke. We just choose to NOT pay ridiculous prices for a new vehicle.
And choose not to support the Marxists who use their brands to extort Americans into backing agendas designed to ruin us. This is all self inflicted
That’s me. I rather go on 20 vacations
Exactly, and car dealerships better start understanding that we will not buy cars at those prices no matter how much money we have in the bank. Their price gouging is over.
@@gtbigdog3507Same I'll drive my current car till it dies. I'd rather go on vacation and live somewhere nice, than stay at home in a dump.
Same. My wife and I are doing well, we just had our second child and are in the market for an SUV. These prices are ridiculous though. We have no issue waiting. We have a 2014 Kia Optima and 2019 Chevy Bolt, all paid for. I'd rather stay debt free than buy an overpriced vehicle, even though we need one.
Somewhere after 5:00 , you know with all three brand new vehicles I've purchased recently and no longer own. It's too bad that going to the dealership was a worse experience than buying a private sale vehicle.
If one is going to go through so much effort to get a brand new car you would think the car they're selling you would come with no issues like... The first one a Pontiac had a bad electrical harness. Got to love a vehicle that stutters when you tilt the whole vehicle just slightly like when you're going down a rolling hill and all of a sudden the vehicle starts vibrating because the ABS is like oh you're pressing the brake while you are literally coasting.
Or the other one I believe it was a Saturn, selling a vehicle with a broken or fractured frame is dumb. If you knew it fell off the flat truck bed maybe someone should have gotten under the vehicle and noticed that the frame was literally torn in half on one side before selling the damn vehicle to me. Them saying that noise is just the road and not the vehicle while you have full trust there a vehicle dealership.
That their third vehicle so dumb beautiful Nissan Xterra. Even with in the paperwork saying they have a second engine selling the vehicle while knowing there's a air gap in the oil is dumb you just need to drop the damn tan and then refill it after replacing the pan.
Not angry just sharing please be careful when buying new vehicles anyways. I'm noticing a lot more being sold without particular required parts like if you have lock nugs and they don't sell you the damn device or give you the device to remove your own lug nuts. Or like with my friend and the heated seats selling them the car saying this car has heated seats and then afterwards saying oh you have to pay x amount of dollars per month to have those seats work it's like dudes I got the car cuz of the seats I live in cold weather. Then after that then getting angry with you for setting up a damn toggle switch and an external battery it's like guys the parts in the car I purchased the The car I should be able to tinker with it. After hearing the tail I was like dudes watch they're going to make us not be able to change your own spark plugs but then again look at the Nissan Sentra and ask why did they put the manifold over the spark plugs who wants to remove a manifold just check the spark plug gap.
My 240K km 2012 Honda Accord V6 will have to last me a long long time.
Its a sweet car, typical maintenance, reliable and fun.
I have an old 1986 car. No one can track it or shut it off remotely. I'm keeping it.
Lemme guess: Panther body? Maybe Taurus
I have a mustang LX 86 four-cylinder it's a pinto motor and it's sitting in my garage because for some reason the vibration makes the bolts come undone on the carburetor but someday I'll get it working again
People aren’t broke. They are simply tired of being ripped off.
Correction you're not broke.
Speak for yourself buddy lol
Speak for yourself dude.
Majority is broke af
I’m broke and tired of the bullshit prices 😂
Exactly why I bought a 2008 Mazda 3 with 90k miles for 8k. The maintenance is comparatively cheap, the engine is solid, decent mpg, and has never left me stranded for the last 3yrs. The car market makes so sense, even with the understanding of college level economic theory.
1995 Accord EX. Still loving it after almost 30 years. Had several through the years,but, kept her. She will never leave my land/property. Funny, I still trust her to take me on a trip around the country right now.
I gave $1300 for my '04 Ford in 2018, I'm a mechanic and I refuse to pay outrageous prices for junk, regardless of how new the junk is.
Still driving my 2006 Titan. I'll get a new vehicle when hell freezes over.
For one thing, I DON'T WANT any of these new vehicles that report back to the dealerships, insurance companies, manufacturers, et al where I'm going, how long I was there, how fast or slow I got there, etc.
I will never buy a vehicle that has features that can be turned off via a signal from any source other than the keys in my pocket.
Exactly plastic poorly made for profit
It’s a great thing you got your car in 2018. I got mine that year too, and I overpaid because I didn’t know better, being newly 18. But now, my car is actually worth a couple thousand more than I bought it for, just because of the price gouging in the car industry. It’s insane to me. In 2018 my car was worth maybe $5,000 being generous, (I paid $7,500) now it’s worth $10,000
@beesquestionmark it's not worth anything until it's sold for claimed amount.
I paid $55k cash for a diesel truck 4 years ago, which I thought was outrageous. Now $55k is a low price for a truck. This can’t continue.
Oh yes it can. Unless you have some relative that’s a Rothschild or an executive of the Builderburg group.
Yes even 55k is ridiculous for a modern car that's basically a disposable product.
It’s also frustrating that the vast majority of my repair costs are for the government required, but unnecessary, diesel emissions system. This government mandated and very expensive system drastically lowers my fuel economy and engine performance, yet it increased the retail cost I paid by at least $10k.
@@QoraxAudioHow the hell is a car disposable? Wtf you talking about
@@arcdestroyed It's become a non-serviceable product for the most part and only lasts a few years.
Properties of a disposable product, much like any other product that has become a "smart" device.
Posting the outtakes makes yall real men 🍻
what my dad paid for a brand new TRD Tundra in 2008 is less than what I paid for a 5 year old, 110k miles F150 this year.
Me sitting on the sidelines waiting for everything to go to sh*t so i can scoop up the deals 💀
😂😂🤣🤣🙏🏼🙏🏼🤙🏼 Same here. I just watch all the arrogant and egotistical people buy sh!t that they can’t afford. Just for the looks.
It will. It’s inevitable. When everything goes to shit, people who are buried won’t be able to afford it. I’ve learned one of the best times to get rich is when things tank. I’m sure there will be some screaming deals soon enough. I’m already seeing it in my town.
It’s unfortunate that cars don’t retain value like real estate. Then you’d be sitting good.
Yea, same. Past 4 years just working and saving. And feeling pissed off that I get in my career and can’t afford my first house. Jobs aren’t competing with inflation, but my low income state is competing with Colorado and California prices. Guess we just don’t spend money! Groceries, gas, and bills.
You gotta strike when the iron hot. Now is the time
New Car prices nowadays are as much as a new house price in the 80s
And new car prices in the 80's are as much as eating McDonald's now.
Said the same thing thats crazy💯
Because people can live in a car or truck
@@troyrockwell7744 Why do you guys think the WEF said you will own nothing?
You mean 2008!
Remember when domestic vehicles used to cost less than imports?
I don't want a new rig. Too many computers, too much tracking, too many unwanted "safety" features that are just controlling. I'll keep fixing my rig.
We are not broke we refuse to pay these scam rip off prices
You might be... but the hundreds of thousands if not millions of repos and ruined credit profiles say different.
Both of these comments are true.
@dissident112 been staking shiny things for years my self. Stack on.
@@dissident112 dude trying to blame the government for this situation is absolutely absurd. open your eyes. the government isn't forcing these companies to fleece us all and extort us. "OH NO MR. BIDEN PLEASE DON'T MAKE ME MAKE A BUNCH OF MONEY!!!!!!" -CEO of Ford in your head
the reality is of course that the companies PAID OFF the government to allow them to create this situation. capitalism is a three headed hydra, the state, the church, and the private sector all working incestuously to screw the mass of working people. and then they get on tv and tell you to fear minorities because it's pedro's fault that your groceries cost so much since he came here illegally or it's because "greedy minimum wage earners want to earn enough to pay their rent", has nothing to do with the CEO making 55k a minute.
also the government isn't debasing the currency. the government is literally the only thing backing up the value of the currency, and if we were to return to the gold standard which people like you always want to suggest, what happens? well ask yourself, how much gold do YOU own? so much of the gold is already owned by the rich that it would make poor people even poor IN ADDITION to the fact that none of y'all ever consider which is that there is literally not enough gold in the planet to support a global resource backed currency. all advanced economies operate on a fiat currency for exactly that reason
I have been screwed over by every dealership, new or used, for over 50 years.
I have no sympathy whatsoever for dealerships or manufacturers.
Honestly the car manufacturers themselves suck. And theyre not getting better, theyre getting worse
How'd they screw u? Nobody forced u to buy anything. You sound like those that say they were forced to take student loans.
@@wLBlue i can tell u how, with fancy little sentences on contracts your average person knows nothing about or using deceptive tactics, like asking for downpayment, keeping it for themselves, while then adding that same amount you gave them as debt to your first monthly payments of the car, etc, there are a lot of predatory contracts out there hidden as good business, with an attitude like that it shows how you dont give a F about the average consumer, some people out there that cant even read, for such an intelligent individual your lack of common sense is astonishing, or you were just baiting ,to get a reaction like this?
@@wLBluethey screw you because they are dishonest. They’ll shine up a turd and sell it to you for the price of a diamond while the average person has zero knowledge of how vehicles so they have no clue or choice but to trust the car salesmen.
@@wLBlue if I go hang a light in a persons home, I could charge them 800 bucks because they have no idea what it took for me to pull wire to the switch then to the light. Or your whole bathroom is dead and I come over and reset their GFCI receptacle but charge em 500 bucks. It’s slimy and you can’t have good morals and blatantly screw people over. Prying on ignorance is not a good business practice. There’s a reason car salesmen have a stereotype.
Still rolling with my 04 civic and my 2011 camry, both paid off.
I walk to work. Dealerships were more than happy to brag about gouging customers just a few years ago, and now they’ve gotten used to it. They now think those gouge-prices are what they should always get. Nope.
63 years old, never owned a new vehicle in my life. I keep finding 20 year old cars to drive. Rest easy.
finding a decent used car appears to be the answer.
Same im 21 but i find more joy in older but with personality vehicles… i own a 2007 srt8 super bee, 2007 audi a4 quattro, and 2011 jeep…
The secret is to just upgrade them, buy newer headlights newer bumper and body styles upgrade the interiors and buy engine upgrades.
Just keep them clean and get new paint wraps to keep them looking new and fresh
😂
Yes , I’m glad someone thinks a lot like me..
I'm 29 and I feel the same way. Also older cars are built more reliable than newer ones.
We aren't broke. I can afford a $450 a month car payment. The problem, is that won't buy a new car anymore.
Not long ago (few yrs) a $450-500 car payment was considered *A LOT!*
He said car payment of 700 not 450. Big gap .. js
This means those of us who can buy a new car should start watching out for a good deal. Finally
that will buy a new car. it depends what car youre buying and your down payment. i have a 2024 honda crv where i put $6500 down. my payment is $519/mo. but there are brand new cars that cost under $20k still. the payments on those could probably be $200 or $300
No no.... We're broke too for sure ....
It's just lunacy. The SUV and Pick Up prices are insane. Had a CDJR salesman tell me they will wait out the customers lol. "People will always need vehicles, it doesn't matter if we have a lot of vehicles on the lot" I've been looking at 2016-2020 Lexus GX460s. (Great vehichle and it will live forever) Of the 5 I've been to see, every single dealership added over $8k of fees when the final cost breakdown was handed to me, and they refused to budge. It is nuts. Thats must be the new scheme, get you on the back end.
What do they expect? NOBODY with a regular job can afford an $80k car or truck! People are struggling. Jobs do not pay enough. This is a major disconnect between the pricing and what the market will support.
You're leaving out "trade in values" And longer financing. Go over to good car bad car - the overall numers don't match this guys B/S
Regular blue collar workers cant afford these. Add Bidenomics in to it and it's much worse. People still have to eat. Everything is four times the price. 16 dollar happy meals and such. Our Republic is about to implode. Lay offs are increasing daily. Blame the communist democrats.
FINALLY SOMEONE SPOKE THA TRUTH 😎😎😎 now get ready for WAR they will have to give them away in the future
You got that right. The wages haven't change in 10 years, but inflation is kicking everyone butt.
@@rodimuspm No, it's not. Corporate America is by raising prices and increasing their profits. Also the consumer also causes it. We just keep buying.
One thing i've learned during my own path to growing wealth is that when I was young and had no money, I had nothing to lose. What did i care about 15% interest if I could have what i wanted. Now that i can pay cash for whatever I want, I say no way am I parting with $50k or more so i can pose with a new car. Folks, new vehicles are the biggest flush of your money that you will ever experience.
The single worst investment of cash most people make.
I flex with my cars from 93 :P
Car prices are crazy. We desperately needed an SUV for the extra room since sometimes we had to take 2 vehicles. So a couple months ago, we bit the bullet and bought one. We didn't even get a fancy model, just something reasonable. Even after a $10,000 down payment, our monthly payment is still $600. Our goal is just to try to pay it off as fast as we can so we're not stuck with that monthly payment with interest.
The crappiest part of all these prices is that even if you drive a 20-plus year old car like me, you're insurance costs go up like crazy to cover the rising costs over all.
In 2013 I bought a low-end car for $13K and paid cash for it. When I drove it off the lot, it was fully mine. Eleven years later it's still running great.
I HATE AUTO DEBT!!
2013 could get you a STEAL
I bought a 2007 grand caravan in 2008 used with 6k miles, i still drive it @255k.
@@reddune6185 my dads car is a old Mercedes with 400k on it it's insane how well made cars used to be. Now they just fall apart if you think about braking a bit 2 hard
@@reddune6185
You got the right year. Was the last year with the Column shifter and was traditional looking to the 90’s.
@@42luke93I was a Dodge tech for 13 years, they had fixed everything wrong with that model, and I can still fix EVERYTHING on it. 👍
No stock pickup truck on the planet is worth anywhere near a $100,000. That defeats the whole purpose of buying a truck. Pickups are made to work, who would wanna scratch a hundred thousand dollars truck.
None of these 100k trucks are stock. He's showing you the prices of king ranches and shit
@@cwhit2575 even the base model trucks are way overpriced compared to just a couple years ago just. Trucks aren't supposed to be this expensive was the point.
@@brad9929 I agree. But they are not 100k like this video
The rich has killed the working man’s truck.
@@Darktophat_10 This exactly. Rich people are the only ones that can afford trucks anymore. In 2013 my gramps bought a brand new 5.7L V8 RAM for $29,000 from the dealer.
My dad (in 2024) just bought a 2020 RAM Big Horn 5.7 with 41,000 miles for $28,000 (which is a decent deal in 2024). The price of trucks has reach absolute madness. The EPA regulations on trucks has caused automakers to only make massive trucks with huge wheel bases and tons of options over something like the old Ranger or S10, which were smaller trucks with full-size beds and were VERY affordable at the time in the early/late 90's/2000's.
It's a shame that you basically take on a second mortgage if you want a new truck anymore. I just want a factory new truck for less than $20,000 with a small motor and a bed. Something ACTUALLY affordable for people that need a truck with a bed for work. No need for a V8, fancy infotainment garbage, cloth seats, etc. Just a truck, the bed, A/C and heat, three pedals, shifter, steering wheel and hell, just give us a driver's seat and leave the rest out of it if it saves money.
With remote work I don’t even need a car anymore. I’m not driving like that anymore. I actually thought about selling my car instead of paying a rip-off car note
I had a 2006 dodge charger I got it for 1300. Spend at least 1000 a year maintaining it and over the 7 years I owned it I have dropped at least 3000 in repairs. In December it took a crap on me and would not come out of 2nd gear. I was in need to get a different car so I went to my work, I work at a used car dealership my boss said he would sell me his Nissan for 6000. It worked out until I had to finance half of it. We did an in house finance through our company and after all the paperwork the car ended up being 12000… like seriously… it’s messed up.. what they ended up doing was paying my boss in full for the car then turned around and doubled the price of the car. It’s unbelievable but I had to get a different car. I’m stuck paying $500 a month just for a car that isn’t even that great… unfortunately my charger needed everything that held the suspension together replaced and the cost would be about 6000+ so I wasn’t wanting to spend all the time rebuilding it.
for that price it would've been cheaper to replace the transmission and engine with it
The most satisfying news i ever heard. Car dealerships always act like as if comsumers are buying gold from them.
Wouldn't you if your business relied on polished turds lmao
Or like they are doing us a favor by letting us buy a car.
Used to work at a junkyard on the weekends 3 decades ago. Always drove junk that I could fix myself. Wouldn't pay new car prices & don't care what the neighbors think. Funny part is that now the junk I drive is cool. Random people stop me on the street or leave notes on the windshield asking if I want to sell. Drives the wife nuts.
Red pill fun fact: That harmless drama is catnip to a woman. Keep that car for that reason, alone.
and what is your so called classic car you drive?
I thinks it a Pinto😂@@WarpedTrekker
Good for you, why you sharing this?
I’ve had my 77 Monte Carlo since 1989. I’m keeping it forever.
IN Puerto Rico prices are like that too
Got into an accident in December. Totaled my car and fractured my spine. Been shopping for a car and I can’t find anything. It sucks
My wife wants me to sell my 2005 Mazda3 with 105k miles, I say never, it runs great. I will never ever buy a new car, nor a car over $20k. I will repair for as long as necessary.
2005 to 2012 are those magic years for cars, I am so OCD with those years for cars, even Nissan was still good then, early 2000's are good too of course.
@@joesmith9216absolutely not 1999-2008 is the golden years...2008 was recession and companies cut a lot of corners...2009-2013ish are a lot of bad cars
@@alejandrobaez1249 I said early 2000's too, late 90's cars are to beat up by now, but I love '98 mercedes for example.
Respectfully I need to tell ya! Tell your wife too sh*t-up...you have a quality car!
Note I told my wife to sh*t- up 3 weeks ago!..my Toyota and jeep they run great ! Fully paid off and looking clean!
Alright but you can’t be a cheap ass. You can always buy a used car that’s priced reasonably.
This isn’t the consumer’s fault. It’s the dealership’s and manufacturers’ fault for charging far more than these vehicles would ever be worth. You reap what you sow.
No it’s not lol it’s the governments fault
It's your fault
@@s14sr240silvia No it's corporate greed, despite selling fewer cars, auto manufacturers are making as much or more by artificially inflating prices. Welcome to a free market system. You want to be able to blame the govt for high prices, move to China or North Korea.
It's not enough for corporations to turn a profit, they have to show large gains annually to make more and more money for their shareholders and justify the ungodly executive salary bonuses every year. Also why alot of layoff's happen late in the fiscal year, that adds to the profit margin.
I'll caveat that you can blame the legislative branch for letting their coporate donors dictate much if not all legislation they pass, that goes for both parties. But then you have to blame the citizenry for voting those asshats into office again and again.
Dealership markups were over 10k in many instances. Their greed was a major factor. I drive a 2012 Honda accord with 188k miles on it. I don’t need to validate my existence with an overpriced vehicle that does the exact job my current t car does.
Stop buying the overpriced vehicles. We have the power. No customers prices must come down because the business will come down.
The business owners are laughing and saying…dummies
Never had a car payment in my life.. I always buy ~10-12 year old cars that no longer qualify for loans and are fully depreciated by the state for lowest possible registration costs. At this age, cars often sell for about 1/4 their original MSRP and 1/6 the cost of a similar "new" car. These cars usually have about 100K miles on them, and have another 100K miles left in them with some maintenance thrown at them.
The problem is the corporations are still acting like they can make the same profits during this depression that they made when the economy was booming.
118,000 dollars is only 8,000 dollars less than what we paid for our first house 28 years ago and we built a brand new 2000 sq. ft. brick home! No way most Americans can afford a vehicle this expensive.
They can't afford them but the buy them anyway.
To build a similar home today, as a custom house (even with basic trimmings) on land you already own, would cost well over $400k. I know because a friend of mine tried to build on their parents' property, and for a ~1500sq ft house with brick exterior, there was no builder willing to take less than $450,000.
@@jasperjazz4467 My house is 1,950 sq. ft. and I bought it in 2022 for $352K. Nice to see that principal getting chopped down and the slight rise in value. Owning a home is a business.
that $118,000 is CAD not USD. listen closer bro mentions "Canada" few times
@@frx1p32dz2 thanks, sorry I missed that. So as of today, that's $85,950 US dollars. A top of the line, 1991 brand new Ford truck cost $22,795.45, that's a three fold increase in cost. The house I referred to in the original post has increased in value at the same rate, approximately 3 times the original purchase price. Problem is that the house has continued to increase in value while the trucks will only depreciate over time.
i went shopping for a car about a year ago. i drive a 1999 suburban. went to look at the toyota dealer and when they told me an civic was $43k i literally started laughing. i asked the salesman if he was serious, and he said yes, that's what nice cars cost. i told him i'll just buy another engine for my suburban if it comes down to it and left. they cant charge absurd prices if noone's buying.
1:01 you sir are the most Canadian man to ever exist. And I’m here for it
Where I live cars and trucks last 10 years max because we live so close to the ocean that the salt corrosion rots your vehicle while it sits parked in the driveway. Not to mention the amount of road salt 6 months of the year.