Now that you've watched this, think about _why_ America has designed cities where everybody - even the very poor - need to spend thousands of dollars per year for the cost of an automobile, just to participate in society. Car-dependency is not an inevitability. We can design our cities better. Even if you like cars, you should be willing to join the fight against car-dependency.
Not just America, many countries do this. Been to Australia, it's exactly the same. If you don't have a car, you're fucked. If you do, they fuck you in a whole different way. No idea why anyone lives in these shitholes.
Never watched a comedy show and get informed like this show. The level of research and amount of work you guys are putting into your material is absolutely unbelievable. Thank you
I don't know about all that. These auto loan people are clearly predatory, however if people didn't agree to the crappy deals they were offered the dealers would stop doing it. It's the fault of the consumer and the dealer, but the video only blamed the dealers.
Of course. Notice he doesn't mention the buyer's responsibility to buy a car they can afford. Or my single moms comment above. I find I'm 50/50 on John O. Half the time I'm cringing at libtard shit like the pay gap, and half the time I'm cheering his amazing brilliance. Examples include: NCAA basketball, iPhone security, Civil forfeiture
I worked as a sub prime finance manager for a car dealer for about 5 years. It's insane how low they will go. I got so stressed out and felt so awful knowing a lot of these people were getting into loans they'd never be able to afford that I quit a $85,000 a year job to go back to school and become a chef. ( after spending $50k. In 2 years , I'm still making less than half what I did, but I don't feel like a heaping pile of dog shit anymore) I literally felt so awful that I couldn't sleep at night. It's an absolute miserable bottom feeding scam business. You need to have no soul to do that for a career. I couldn't imagine doing that for 30+ years. FML
Jason Douglas Good for you for quitting! It sucks we have to struggle more to survive if we actually use our moral compass when picking a job, and it’s a hard decision making less money for your family (and therefore not being able to do as much for your kids as you otherwise could etc etc) to prevent contributing to the hardships of another family. Just, good for you, dude! If more people were like you our country wouldn’t have these kinds of God-awful messes in the first place!
Good on you for making that move. It's a shame that some people aren't able to make such decisions because they're caught up in the rat race and have themselves tied down financially. Worse yet are those people who think they're not doing anything wrong by pushing those plans onto vulnerable people.
@@mjallen1308 lol. I'm sure you're joking. But I guess a lot of ppl growing up today believe in greedy inhuman treatment is a thing to consider, or they feel like it's the only path to take. Their parents or grand parents didn't learn good things in life to pass on to them. It's unfortunate that for some, when they finally wise up, it's too late.
When I became disabled and unable to work, I was forced into bankruptcy and lost almost everything. It wasn't even a month until I started getting letters like explained in the video for credit cards, auto loans, every other type of loan. I had literally lost almost all of my material possessions, along with a lot of other things in my life, due to disability, and I had more "pre-approved" credit than I ever did at the $80k per year job I was working for before I became disabled. It was ridiculous! And I knew it was bad when my bankruptcy attorney warned me that it would happen! This has been going on for so long and it's ruining people's lives. It's about time that the media is starting to take notice.
Sorry to hear that, hope things are better for you now, and you are right many Americans are hurting right now because of this, now we need our congress to step up and help us by raising the minimum wage and giving us the lift many need to get us out of poverty.
Please stop Hoping and start Accepting the fact that congress doesn't care about the average American. The life spans of Americans are actually falling; the poorer half are dying sooner. A good part of the United States is starting to resemble the impoverished areas of Rio, Brazil.
And so when you get letters like this and you KNOW you can't afford to pay back the credit card or to pay the car loan, you rip them up and throw them away, right? No one forces anyone to apply for loans that they can't afford nor are people forced to spend money they don't have. That is a choice.
Well yeah. Even now that I'm back to working part time, I don't accept these things. Always read the fine print. Some of these "offers" have up to 30% interest rates. That's just financial suicide. I don't even have a credit card anymore.
The thing I love about John Oliver's show is that they do good investigative journalism. He's very intelligent and he has some extremely bright writers working with him. On their main segment of every show they go in depth on one terrible issue. Also this satire bit at the end is the best he has ever done. That's saying something considering he has some great ones.
Me: Actually puts my 9-month-old daughter in front of the screen John: "You don't know I'm mocking you" 9-month-old: Excitably babbles and reaches for John
@@Queen_Siobhan Was that ever in doubt?! Like, no one ever asks a trump supporter if they beat people they dislike/their wives/their ex wives/someone they have been told by a 'friend of a friend' possibly is a democrat? It kind of goes without saying... :-p
@@pastaspaghettimonster1893 i'm sure that was a joke, but at the same time, dismissing the other side is one of the problems that got our politics into such a shithole.
@@spv420 I couldn't agree more. However, I believe joke and satire can also be useful in politics. I know a lot of his voters vote for him as he is the republican candiate, and that is there party of choice, and thus they would for the party. However (and I admit definitely the minority) of voters vote for hi, base on him being very vocal against democrats and politically incorrect. That minority was who I aimed to make fun of, although I am not suggesting all of them do what I suggested. However, I bet a higher proportion than national average would. I say 'bet' as I have no stats to back that up but at least that's how news in Australia (ALL channels and ~80% of newspapers) report it. Thank you for being a thinker that questions what they read, and have a good day!
For those wondering about that lady's commute, I live in an area with a similar situation. Basically where I live is on top of a high ridgeline, above a bend of a river. My friend's house is just two suburbs away, round the bend and in the valley below, by the river. If one could drive, it would take just ten minutes to do the 2.5 miles. But if one had to use public transport, one'd have to get a bus into the city, which takes about 25 minutes, then another bus back out, so another 20 minutes. Factor in walking to and from bus stops, wait times for and between buses and potential delays, and it could easily take an hour. Our record for making that commute was 40 mins, and that was late-night, no traffic, the buses fortunately synced up and no one else got on or off. One could cycle but, given going in one direction would be up the steep ridge, it would be very difficult; I for one have bad knees so could never do it. Walking the whole distance takes an hour and, again, not something someone who is unfit or compromised would want to do.
I used to walk/take the bus to school. Took about an hour. Driving would take 5-10 minutes. Hell, walking directly there would usually only take 45-50 minutes, but then I'd have to walk the entire way, and I barely managed to show up at all half of the time, so y'know.
Thank republicans (i.e. one billionaire manipulating half the country into following his abominably idiotic pet theory) for having no transportation. Next thing they'll think of is ripping up sewer lines so people can drink and piss/shit in plastic water bottles. It's the same thing as forcing people to travel in extremely dangerous bottles on wheels that cause so much of the pollution in the world. It's unfathomably stupid, and benefits no one.
I'm poor too, I tend to move to wherever my job is and I find jobs in areas where the rent is low. I don't have a driver's license. But I also don't buy on credit and try to save to buy stuff in bulk. When I lost my job, I mostly lived on potatoes, eggs and fruit. Friends of mine have big houses, but they also have to work 50-60 hours a week. I work in healthcare, 24 hours a week. For me, it was a choice, though... My parents were sort of wealthy, but also immensely stressed...
Get fit and bike up the hill. Sounds ignorant but I don't care. l know plenty of people who bike to commute, as do I and I have to get up a hill on my way home as well.
Just as a theoretical exercise, I tried to see how far I could go in 15 minutes (she said 10/15 minutes in the video) by car if my house was very close to the nearest motorway in my area. Then I tried to see how long it would take me by bike or by walking. Here are the results: - by car, it would take me 15 minutes; - by foot it would take me 3h17min; - by bike it would take me 1h15min; - I didn't calculate how long it would take by public transportation, because I don't know the routes here (I have to drive a lot on my job, so I don't use public transportation here). Mind you this is a semi-rural, mountainous area, and most of the roads are uphill (or downhill, depending on the way you're going). So, either going to work or coming back home, you'd face steep inclines and harsh weather - very cold (around 0º C, sometimes below) and/or rain in the winter, very hot (around 35º C) in the summer. So, as you can see, it's not as simple as "Just walk" or "just get a bike".
Miguel Silva jesus, not to be presumtive, but how slow do you move? I cover that distance 1.30hr on foot and 40ish by bike. And then i wont be hurrying. Uphill and downhills. In Norway.
@@miguelsilva9118 The average person walks at about 5 km/h, at 3 hours and 17 minutes walking time, the distance is about 16.5 kilometres. Depending on the surface and terrain, speed on a bike can vary. I live in a fairly rural area, but I have a fair amount of flat ground with some inclines and reasonable road surfaces and pathways. I bike a fair amount and I average 20 km/h on each trip so my travel time would be 50 minutes. It's hard to find average bike speeds but a survey was made in Copenhagen and the average speed there was 15.5 km/h, which would put the time at 1 hour and 19 minutes. However, even at average speeds, the trip is still faster than she says public transport takes, so it would still be beneficial for her to go by bike.
@@Numaticin That's not accounting for US traffic in a congested city, safety standards, or road conditions. I've biked in a city before, Ottawa, but it has specialized bike lanes and paths designed for our use. Many non-US cities do. But America is ass-backwards about this, and if her route involves highways in any degree biking's impossible. Either way, we shouldn't be telling a freaking mother to put her life on the line every day just to get to work.
you see in my case i can drive to the next town in 15 minutes but becouse of zoning laws its impossible to walk there and with poor public transport i will spend around 2 to 2.5 hrs on getting there
@@bradcarver8127 tgen he got invilved in a load of insane shit, a turfwar between the CIA snd FBI but robbed $200m in gold bars and is now one rich mofo So maybe DON'T check the back seat when repoing. You never know what might happen.
So I work at a bank, and I see people who have taken out loans like this ALL the time. They are so predatory! If you have a 520 credit score and have defaulted on several debts in the past, you need a financial counselor to help you rebuild your credit and savings, NOT another loan. My biggest suggestion to people is to get approved at a bank that you *trust* first, and then go look for cars with that set amount of money.
I’m amazed that they took both the car and the baby. I remember seeing something about a car thief who was stealing a car from a store parking lot, discovered there was a baby inside, brought the baby into the store, and then took off with the car. In other words, a car thief off the street has more morals than these assholes.
im envious of all the people in the comments who have CLEARLY never severely struggled financially. good for you, but before you ask 'how someone can be so stupid', consider that you have no idea what its like to really struggle in terms of money. its so easy to get trapped
I know. I still used to walk an hour to work and stretch my meagre budget to healthy food (oatmeal is still cheaper than pop tarts). I lived without borrowing. It was hard but possible to do.
The entire economy is built upon borrowing, which is one gigantic capitalist ponzi scheme. Sure, people can live without borrowing, but if we all did, every major financial sector would collapse. They designed it this way.
But, Climax, every financial sector collapsing might not result in the apocalypse. An economy based on collateral and living within one's means is feasible. people seem unhappier than ever and they have more than any other generation. I wasn't trying to simplify it all or slag off a particular person. I'm just saying it is possible to avoid most debt.
Gigaman How is that the case when the suburbs (primarily white) were the victims? I’m assuming your not speaking of anti-white racism (which is very common, actually encouraged these days) because that’s impossible, right? Identity politics, you folks are the only ones thinking this way
@@dr.lyleevans6915 Its not race war. its class war. People flee into the suburbs from "those other people" that can't afford to escape. If there is viable public transport then the poor can go where you live. (And take your stuff) so you go to live in the suburbs where to get anywhere you need a car. Funny thing. After a few decades you wind up getting a bus line to go down the main street in your suburb because otherwise the help cant clean your house, raise your kids, mow your lawn, or bang your husband unless they live there. And avoiding the poor was the whole point of moving out there.
StumpyDaPaladin I understand, you have a point. I just didn’t like the racist connotations I read above (wasn’t just you). I live in the country, everybody gets along here.
It's been this way since our beginning. Our genesis was brought forth by a bunch of wealthymen who used the population's frustrations against the crowne to enrich themselves with their own robber state while stroking their cocks over ideology.
+James Closs People love complaining but at the end of the day the people have the power, and more resources than ever in the internet, to fix things. The issue is people don't care.
The best part is, the people don't even have to wait for Congress to change its act, we can simply choose not to do business with these dealers/lenders. Weird how this shit works.
*FOR SALE: 2003 Kia Optima.* -1 owner- 11 owners. -Excellent condition- You’ll pray for death within the first 50 miles. -Never driven in snow- Always towed in snow. -275 bucks- $11,900 -with attractive financing- We’ll eat our hats if you make it to 4 payments. *Schiester Motors* _Our goal is your complete_ _-satisfaction-_ _financial ruin._
Yup. Mainly as the marketing partners of those companies pay to see the weekly lists of new filings nationwide as such cases are public record for 10 years.
In my city, Melbourne Australia, ppl living in the outer suburbs usually leave their cars at the train station and take the train into the city to work. It takes roughly the same time but it saves them on the petrol cost- its $1.49 here- and they don't get stuck in peak hour traffic. Also we don't have to pay for parking here at train stations, or actually hardly anywhere. Cars do not get towed away here due to parking laws like in the US. Don't know why I added that, but there it is. Peace out
Thank you for shining a light on such important issues and putting them online so that people who can't otherwise afford HBO can still be well informed.
Should do a similar vid about rental places: Get a TV for $20./week rent, and if you pay the rent for a year, you own it. Problem is: 52x$20= $1040. and it is a TV you can buy at any major dept. store for $199. So basically if you can live without TV for just 10 weeks (saving the $20. per week, you can save yourself $840. Typically this is even worse on furniture as most of these places sell junk furniture which may not even last a year.
depends, here buying on credit is not en vogue, but it's often not really more expensive (0% interest credits) or only a little bit. you actually often just pay the price divided by 12 or 24 (or how many years) per month..many people still suffer tho because they buy a lot because of that, and combined it's still too much every month for them to live by, and it's always a huge deal when people cannot pay their monthly rate also, it's annoying to pay years for something that when you finally payed it is already old, too used, etc. haha, like with phones. that said it's a nice option if you're broke and need something fast (like a washing machine) and don't have the time to actually save up, and i think one can live with max. 10% interest in such a case.
@@tmanepic it's a Rent to Own store. You can "rent" appliances and furniture with the intention that after paying the rental fee for X amount of time, you've paid off the value of the item and it's yours. Rental agreements like this make sense if you're staging a property or living somewhere temporarily or something and maybe only need the items for a couple months, but many poor people get caught up in these situations as the cost is always way more than the value of the items rented. Nearly all RTO businesses set up shop in poor neighborhoods, and are able to exist due to our instant gratification culture and the general desperation of the poor.
@@ajm935 no I understand the concept of rent to own, I'm just saying that if you need to rent to own a TV then you really, really can't afford it. That would be like renting to own a tank of gas.
@@tmanepic oh ok, i get what you're trying to say, but lots of stores offer lines of credit / credit cards to buy TVs... it's not that crazy. Both Best Buy and Sear are perfect examples. Also the TVs they're renting usually aren't $50 (like a tank of gas). The average RTO customer usually wouldn't get approved for credit in a regular store, so they go RTO. They think rent to own is similar to an average store line of credit and the employees at the RTO place aren't rushing to correct them.
I had issues with it, but I work in the area of math he created and know people who knew his advisor. I enjoyed it before I started thinking about it (minus the one part where they actual brought up the turing machine.)
Tracking down a car, buying debt, setting up a mega church and donating the proceeds to Doctors Without Borders, charging 1,000,000 dollars for wet wipes for Doctors Without Borders, having Stephen Colbert stand on a statue podium, getting the real Lord Bucket Head... They deliver!
"And normally, if you add the phrase 'but with cars' to any historical event, it sounds a lot more fun, like 'the assassination of Abraham Lincoln, but with cars.'" The assassination of Archduke Franz Ferdinand had cars, and that was decisively *not fun.*
Lmao had this happen to me in 2008 by Drive Time who used, guess what, a 2003 Kia Optima and sold it to me for 9k... Is this the official fraud car?? My car got towed because it was parked in the wrong spot, then they repossessed it because of a hidden clause saying if the car is ever impounded for any reason, they have the right to repo it within 15 days. THEN, they said they're going to sell the car and send me a bill for the difference, months later I got a bill for around $11k. So they took my car, and tried to charge me for about 3x the KBB value. I hope the CEO goes to jail for life.
I wouldn't be surprised, it seems like that car was cursed and the CEO was summoning demons. Sorry you got screwed so bad, my dude. Hope you're doing well now.
If I were you, I would have asked the tow truck gy if I could get something out of the car first. Then I would have gotten in it and I would have shat and pissed all over the inside, wiped my ass on the center console and gotten out saying: Ok, you can take it now.
This is all very true and personal. When I was in my mid 20's I had terrible credit, I had more things in collections than you could imagine and needed a car to work. I got "approved" at Pierre Money Mart in Seattle (calling you out!) for a loan that was 24% APR for 5 years. I ended up paying $17k for a car that was worth $6k. Now that my credit is impeccable I have a used car through my credit union at 2.9%. When you need the help you get a boot in your rear, when everything is fine and dandy everyone wants to loan money to you.
Speaking from someone who has no other choice but to be public transportation's bitch and was on a recent job hunt I can vouch for that being true. And they were jobs that had NOTHING to do with driving but just didn't like the fact that you couldn't be there at a moment's notice with your car or didn't like the fact that your work schedule was limited by the bus schedule.
It's more to do with the fact that a car tends to imply dependability more than inconsistent transit systems. Speaking as an employer, there are many 'screens' we use in order to weed out less desirable hires to help select the best out of a huge amount of resumes.
Biking isn't always an option for everyone. I know where I live the sidewalks can be snowed in for half the year if not covered in ice. Even the most avid bikers don't take their bikes out during the winter. And not all roads have a bike lane. The best part? If I (a person with a vagina) am robbed or raped while out with the bike after a late night shift, the attack will most likely be considered my fault.
Yes, I know. The employer needs to know that the employee can be there at a moment's notice if they're needed. But I've been denied for positions because (and this is what the employer actually told me) I couldn't stay late enough, and I couldn't stay late enough because the buses don't run very late.
To touch on another briefly mentioned topic here: wow public transportation in the USA sucks extremely hard, doesnt it? I mean at least in bigger citys you should have SOMETHING resembling a system that gets you through there in a time somewhat rivaling that of cars for various reasons (The enviroment, the sake of people unable to drive cause they are either too young or physically disabeled or just dont have a license, not putting too much of a burden on the streets that are too filled with cars...).
Nope, Houston's metro system is apparently confusing as hell (A guy born there couldn't figure it out when it took him just a few minutes to figure out subway in Paris), It's also a viscious circle: People drive cars because there's no efficient public transportation, and there's no efficient PT because virtually everyone has a car. In some cities, only poor people take the bus, and it can be dangerous in some areas. Also cities are really spread out which means the distances aren't doable by foot or bike. It's also build with highways, that are not safely accessible by bike. There should be something but as I said it's an endless circle of No offer because no real demand (who cares about what poor or disabled people want?), and no real demand because the offer isn't there.
You can't get anywhere without a car in the U.S. You can't even get to the nearest store. Losing your licence is nearly equivalent to prison. You also can't get a job without a decent smartphone to fill out applications and do interviews. That being said, with a car and a smartphone an ambitious person can go anywhere they want and do anything they want.
@@LexiLSify That right there is exactly why once upon a time we collectively agreed upon forming a government (or installing a monarch) who will make decisions the individual cannot and will not make but which benefit society in the long run. Someone to think big. A government's job is to get information from experts and act upon it. We have all the information. We just need the folks in charge to be in charge and do things. Build bicycle lanes. Why? Nobody has a bicycle because we lack bicycle lanes, so why build... ohhh. Install electric car charging stations, make them mandatory on a number of gas stations. But so few people have electric cars because of a lack of infrastruct-- ooohhh. Mandate health care for everyone. Mandate education for everyone. Build shit. Do shit. Big steps. But yeah, somehow we've slipped off that constructive path and took faith in the free market. Not just in America, Europe is the same.
@@onkelpappkov2666 I like what you're saying, but it really isn't that bleak lol. Most politicians and city leaders/planners understand the adage: If you build it, they will come.
Personally I have had good experiences with public transit in New York, Boston, Chicago, and the Bay Area, but public transit is still a huge problem in many cities. The problem with public transit in the US is our geography. All of our towns and cities excluding the mid-Atlantic are really spread out and make public transport difficult.
Why fund nasa? We need $$$ to build walls and moar bombs FUCK YEA DONALD TRUMP IS GONNA BLAST EVERY *non-white americans* TO HELL AND THE CHRISTIAN AGENDA WILL REIN ONCE MORE YEEEEHAAAA!!!!!!!!
What about Payday Loans? Debt Buyers? Death Penalty? The NCAA? Marketing to doctors? ALEC? No paid leave? No free Health Care?Abortion Laws? Torture? Public Defendants? Judicial System? Lead in water? Congressional Funding? Lobbying? Mandatory Minimums? Do these things represent the whole nation? Oh wait, I forgot the most important thing. Donald Trump.
Keegan Michael-Key is a treasure and my heart exploded with happiness at the last couple minutes of this video. that kind of happiness interruption is the kind of thing i thin we could use more of in 2020
Administrative fees, sales tax, basic warranty (that actually doesn't cover much, if anything), sales fees, dealership fees, finance fees. its easy to imagine it, you just have to think like someone who sees other people as subhumans, only useful as a source of cash to you.
Shit like this is simply illegal in Europe. Actually most of the things John Oliver brings up makes me realize how backward the US is in a lot of area's compared to Western Europe.
One of the several examples of what “total market freedom” means, as putting a limit to these type of practices would be a “socialist” thing to do according to them. Shocking because they really think like that.
2021, same thing. To be fair, we had more time to think than ever before, but we decided to mostly spend it on squabling - about nothing... As usual...
Being an army vet, I remember seeing young soldiers who were 18 or 19 get screwed all the time when buying a vehicle with up to 28% interest!!! places right outside the base who prey on them because they don't know any better.
I joined too man and loved everything about it. Got everything and more from it too and am now going for my master's and haven't paid a cent thanks to the military.
That's what I was thinking. Who leaves their baby in the car? I like John Oliver, but he is a little quick to defer personal responsibility in order to present people who make bad decisions as "victims."
+PingWildShot Gaming you are implying that I don't care. Well I do. All I said was stating my opinion why it did not get the news coverage or why it seemed people did not care. For example. The police brutality and racial profiling (used by police) problem. It has been around for years and years. But people didn't pay much attention to it because it got no news coverage or was part of a nation wide movement...I would like to make it clear that I'm not saying there were not people who cared about the problems before the news took a look at it, or that I don't care about it.
I remember watching this years ago. I lost a car in 2007 to one of these predatory loans that ended in repossession. I was out a car 7.5 years before taking out a new car loan from a slightly better company. I have paid faithfully for 4 years. Last month my car was totaled in an accident that was not my fault. It has been a headache and I will still owe about 2k when all the payout is done. But when that guy said “these people can’t keep their lives together for six years...” that hit hard. So sad.
@@luvmibratt what I learned in all this (as I was buying my new car) is that GAP insurance only applies to cars bought brand new or maybe* a couple years old. The lost car was about 4-5 model years out when I bought her. But yes, it was the first thing I asked about when searching for my new wheels.
@@MoonFairy929 Girl don't let them fool you... Gap insurance is for any car your taking off the lot and gotta make payments for I had a 2011 Merano last year thank god I got that gap insurance Because 3 months later I was in a wreck thier fault. I'm glad you know about it now shopping around 😁
@@blueoval250 Can you read? Her car was wrecked. With full coverage the insurance company only pays what the car is worth, but the bank wants thier money if the insurance dosent pay all. That's why we were talking about GAP insurance.
This guy is amazing! the jokes aside, he just shoots all the information for minutes on end, all the while being very coherent. Like he knows the stuff rather than reading off a card.
Regulation hurts businesses! Government shouldn't interfere! Free market! Etc.! People who squawk things like this should remember that they're pushing for the un/de-regulation of the scumbags who caused the mortgage crisis, and are going to be responsible (but probably not held accountable) when it happens again.
Actually, if it weren't for the Federal Reserve creating these conditions by helping hold big banks together and their tendency to keep interest rates below the market value, it would be impossible for this kind of shit to happen.
+Jimmy Danly lol so you don't think mechanics and car salesman, people who are almost exclusively for being sleazy, are going to all act on their better angels and stop ripping people off? Things would be worse off if there was de-regulation because companies would be allowed to screw over employees and customers, and the customers and employees wouldn't have a choice but to keep using those businesses.
+Iamcamper31 If we solved the root of the problem, there would be no economic incentive. The Federal Reserve's meddling is what makes this profitable. If we deregulated the banking sector, and by that I do mean abolishing the Federal Reserve, these loans would not be made.
+Jimmy Danly You do know why the banking sector is regulated, right? There once was a time in America when banks would regularly fail and cause entire towns to lose everything they had. We have business and working environment regulations because whatever it was that got regulated didn't work in the past without regulation. Deregulation is the battle cry of the ignorant.
I take my wife to her job on the way to mine. Takes 12 minutes. Her getting home on the bus takes about an hour and a half. The busses have roundabout routes and a crappy schedule to boot. The stop closest to our house is also about 1/2 mile away.
Bad connections. I bet she has to go in the wrong direction first before she can get into the bus that drives past her destination.. That said, right here in the Netherlands, a commute which takes me 45 minutes by car takes me 2 hours by bus. (and 3 hours by bike)
+KETimiko 30+ minutes between busses, 1+ hour between trains depending on location. you are better off walking than taking public transportation in America.
buses stop everywhere, that alone adds a ton of time. Let's say your place of employment is 4 miles east of where you live, but the bus route goes 3 miles west, 4 miles north, 5 miles east and then you have to change buses to one that will actually take you close to work. Shit can be crazy, man.
Trainboy1EJR Wow. That's insane. I mean I knew it was bad but this bad? If parking wasn't an issue it would take me 10 to 15 minutes to drive to work, it takes me 15 to 20 minutes to take the buss to work, and (let's just say there isn't a slope on my way) it takes me 20 to 30 minutes to bike to work. Fuck, I'm pretty sure i'd get there in 45 minutes if I walked.
I love John Oliver's ability to take very serious problems and present them in such a way that you can understand them and laugh at the completely crazy things companies can get away with.. no one else makes humor out of horror quite like him.
@@namiix7365 communist isn't a bad name... Just as capitalism can be abused, so can communism. Always by the top 1-5%. Both communism and capitalism can be wholesome, but tend to be destroyed by greed. Every system on earth has this problem: We humans control the system and we aren't fair when push comes to shove. Hence a repeat of history. But yeah, he had no valid point whatsoever and did try to offend you - in his own silly little way. Petty at best.
America thrives on nationalism as well and like with the nationalistic socialists (who were also fascist) that can be a very bad thing - thinking you are better, for no clear reason. American exceptionalism isn't that far off from claiming to have superior genes, like the Nazis did...
Since banks can’t repossess your education, they lobbied politicians (they funded into office) to make student loans permanent lifelong treadmill burdens so buying a home or having kids becomes prohibitive...unless you were born wealthy. Before Reagan’s “trickle-down economics” you could get a university degree waiting tables part time and pay back student loans in 2 years. Anyone enjoying this rip-off?
Patrixia Villa That’s right. What trickle-down actually means is shutting the gates and starving the peasants, with some occasional crumbs. The justification for trickle down also boggles me-“The wealth should be given to rich people and then it will trickle down.” If the goal was to have it eventually end up in the hands of the middle and working class, why not just have it be in their hands, and the rich can _earn_ that money with great products. That’s how a healthy economy works.
I'll tell you why. I'm a bicyclist, i commute to work on my Schwinn. Secondly, Imitation Game was a good movie - it pays tribute to Alan Turing one of the fathers of computing.
To the people making the "Why don't you just bike/walk to work? You're clearly just lazy!" arguments, how does it feel to have your head so far up your own ass you're literally incapable of considering another person's real problem for longer than it takes to formulate a toddler's answer to it? Most towns don't have bike safe lanes, and you know damned well riding on the highway or even city roads isn't *actually* feasible. You all hate the guys who show up in full gear and actually manage a speedy 25-30 mph speed. Like hell you're going to happily tolerate an average person loaded down in work clothes peddling along at 15. Hell, a lot of areas don't even have sidewalks in non-residential areas, so riding or walking along the side isn't an option either, unless you fancy getting flattened coming back at night. Added to that, you try showing up to work after a 30 minute bike ride or an hour's walk in 90 degree heat and keeping your job. And that's not even touching rain, storms, and snow (there's absolutely no way to keep your clothes, hair, and body odor presentable in anything but perfect weather conditions), OR the fact of how fucking exhausting stacking intense 30-60 minute workouts on either end of a full work day every single day would be. But sure. Bike to work in a snow storm. Can't believe these stupid poor people haven't thought of that. God, I don't even know what they're complaining about, ammiright?
This is pretty much exactly the problem with non-vehicle transport in Arizona, specifically Phoenix and Gilbert. Well, I say "non-vehicle", I mean to say travel that does not take place in a car or public transport: basically, biking or walking. Hate to break it to y'all, but the average summer day temp here is above 110° Fahrenheit. You're not biking to work in that, you'll get simultaneous sunstroke/heatstroke. Add the heat island effect and the lack of real leafy stuff in the valley and you have basically no feasible way to get to work that is safe from extreme heat. Even short commutes can shoot your hygiene to hell before your day begins. Basically; I agree. It's just not always realistic to bike to work. And, yes, the Valley is an extreme example, but it still stands. Anyway, nicely done.
@@GVilleAnarcho I'm glad you asked. In winter, it's about 60 degrees out. 90 or 85 in autumn. And spring's about the same as autumn. So it's not too bad year-round, but there's still a pretty big chunk of the year you'd have to risk. (Of course you're free to fact-check me, I could be wrong as I'm mostly basing this off my personal experience. I'm not sure if I trust the information I found on Google because it listed the annual high as 86. Maybe I just don't know how they get the annual high temp.)
In Germany it is very common to buy used cars from private people, e.g. over ebay local or via newspaper. My VW Lupo cost me 1500€, and I'm a student with little financial resources. I saved 3 years for it, but it's completely mine now. I'd hate not owning it. It is an old and small car but does its job and runs well. We are a family of car mechanicans and always buy old, used cars privately. You can't do much wrong with a 10 to 20 yo VW Polo/Golf/Lupo or Audi Passat. And it's in general best to only buy something with a loan if you cannot avoid it. Only our house is financed. We don't own the newest or fanciest stuff, but it's ours. You can quickly sink deep into debt with those rates...
To be fair though, as P.T Barnum once said, there's a sucker born every minute. If you're foolish enough to get sucked into a situation where you pay anywhere from 19-29% interest on a car, on top of the marked up price ( when compared to the real value of the car) when the value of a car literally depreciate every year and every mile you put in it, you get what you get. While I dont agree with the lending practices of the so called sub-prime lending industry, I feel it's up to the individuals to understand the terms and conditions of the contract and make an informed decision on whether or not to agree to the terms of the loan. I don't expect everyone to be able to dissect the contract like a lawyer might but they should understand the basics. If a company is gonna screw you on interest rates, don't accept the loan offer, it's common sense. Also never buy a car without first taking it to an independent mechanic. It's best to spend the $100 or so to have them look it over than to have the car break down before the ink is dry on the contract. Again common sense. Furthermore the ability of these companies to be able to swindle shows that Americans have little to no contract literacy or the ability to understand how credit works. Maybe instead of having high school kids learn about how Romeo was boning Juliet against the wished of their respective families, maybe have a class called contracts 101 where it teaches you the basics of reading, understanding, and writing contracts. Just my thoughts
Or those who realize that most of sales like this are possible because of stupid people signing outrageous contracts? Yes, people are dumb as hell and it let's other people take advantage of it. When you sign the loan, it shows EVERYTHING, including monthly as well as total interest. Again, stupid people won't care and cry when shit goes bad. The most ridiculous lie in this segment was about taking public transportation for 2 hours instead of 15 minutes car ride. Whoever believed in this story is even dumber than people signing a contract with 29% interest rate. You can WALK this distance in less than 2 hours. Train + bus on such a short distance. Yeah, right.
nate-the sale, you don't get FINANCING on Craigslist. That was the whole *point* of this entire video! Most of these people are in this situation because they have *no other alternative* other than to accept these predatory loans, because of their financial / credit situation. They are literally living "paycheck-to-paycheck". They work minimum wage jobs, which is not even enough to pay the *VERY VERY BASICS* of life (especially in larger cities, where expenses like rent can be outrageous). Yet, they are expected to have a car, insurance, fuel etc. to get (or even keep) that same minimum wage job!! Easy to sit on one's high horse and pontificate about how "dumb", "stupid", "irresponsible" they are, when you've never experienced their predicament. Yes, there are some irresponsible idiots that fit that category, who buy things completely beyond their means, like splurging on a $40,000 mustang, even though they earn a very modest salary. However, there are tons of people who are not. Buying a 10+ year old $3000 2003 Kia is hardly splurging. Anyone who thinks so, should have their head examined * rollseyes * There absolutely should be laws against this type of predatory lending and deceitful business practices. Yes, I know these businesses have to make profits and have to assume much higher risks, and, of course, they have to charge a significantly higher interest rate to compensate for the added risk. This is perfectly reasonable. But the stuff that actually goes on, shown in this video (like selling a $3,000 piece of junk for $8000 etc.) is borderline criminal!!!
747-pilot I’m not going to say what these business are doing is fine, I think it’s pretty shitty. But they do it because we let them. If your willing to make monthly payments then you just save up to buy something so you wouldn’t have to take a loan. And if your willing to learn most these shit cars you buy could be fixed up and flipped for some money.
man america has real bad public transport, 2 hours for a 10 minute car trip equivalent? i feel spoiled here in australia, trains to god damn everywhere, and an ooookay bus system, not the best but definitely better than in america there was like a 3 busses a whole day at the closest bus stop when i lived in the states, that's abysmal
I think our education system is also at fault here, not just the sleazy salesmen. We need to have a better personal finance program, especially in poorer neighborhoods, so the next generation of kids can make better decisions on when and what to buy and save.
***** Yes I completely agree. Hell, just the other day one of my best friends told me she is literally going to school just so she can earn more money as an adult. This is such a toxic, and mainstream, mindset. School should be the place to go for knowledge. Education should benefit the mind and the soul, not be a means for a higher salary / "success".
Why blame everyone else? What ever happened to having common sense? It shouldn't be too difficult to know not to use a credit card to plunge into debt, or that it is a smarted decision to save money instead of blowing it on big screen tvs. It's called having priorities. If a car is a priority then common sense would be to save money for a car and do everything else on a budget. Basic money management is extremely simple as long as a person understands the difference between what they need, what they want, and what they can afford. Common sense isn't so common though.
My brother was a used salesman for a couple months, and quit because he realized he could never live with himself having such a heartless job. He basically said being a drug dealer is more ethical, since at least you are giving people something for there money instead of simply robbing them and hiding it from them under massive contracts and deceptive figures which take a masters degree in mathematics to properly understand. Personally I think all contracts should clearly state the bottom line cost, and not the cost BEFORE interest... its intentional deception. I told my mother to ask for the bottom line cost when she was looking for a car, so she understood what she was actually paying. She said they nearly passed out after asking because people asking the right questions were so damn rare. People usually ask what the cost before interest is, or what the payment would be, but what the question should be is, how much will you actually be paying at the end of the day.
Exactly... I think these people just don't understand what they're signing and how much it'll cost them. It's like these rent a center places where you rent furniture and appliances at 30% a month.
How do you suppose people learn this? Many of these people are growing up extremely poor with their parents making the same mistakes shown in this video. If you have no good role models, nobody to show you proper money management exists, how do you suppose the individual will learn it? Are you suggesting this skill of money managing is innate? that it's almost instinct? Because if thats the case why are so many human beings dirt poor across the globe? I'd wager it has more to do with the lack of education rather than lack of using innate knowledge. I do think there are qualities and instincts that everyone possesses, however, I do not believe the management of money is not one of them. I get where you're coming from. It is a pain to see people lack common sense, to lack responsibility, to have no regard for other humans or themselves, and I do agree with you more people should have common sense, however, like I stated above, I think the best course of action would be changing our education system so more people know money managing exists, and that the skill can be obtained. It can't hurt can it? Teaching kids about money will only have a bright response. And if it doesn't work, then the worst that could happen is we will be right back where we started.
Car salesman here. One of the more upsetting things about this is that we often get people in that have decent cars but want to get into a better one despite having shit credit. So they come in, don't get approved, and then get angry because the place down the street has a similar car and has gotten them approved. I try to explain that they're just loan sharks, but no, I'm just an asshole salesman after their cash, despite the fact that I just told them to bugger off with their shit credit.
You're absolutely right. That's what these buy here, pay here lots do. It makes the good dealers look like evil crap holes. I have to have a car for my current job. Not only is the job 30 miles away, but sometimes I have to drive people to places. I had been driving my last car for 11 years until it just wouldn't drive anymore and fixing it would cost more than it was worth. Instead of just going to any car dealer, I went to the bank first and got approved for what I KNEW I could afford. THEN I went to look at cars and got a nice used Avenger which is perfect for me. The process was so simple doing it like that. Not only did I get a great interest rate (for my credit, I have had a bankruptcy after a disability struck), I got a nice new(er) car, almost no haggling at all, and it'll all be paid off in 3 years.
Pro tip: Sometimes you can get better rates at dealerships. Oftentimes they don't do in-house financing, which means they run your credit once and then send it out to all the banks and get you the lowest rate. We go through about 20 different banks and credit unions. Firstlight, Teacher's, and GECU tend to be our consistent winners. It also makes it easier to get approved since some banks will overlook poor credit if the income is good enough. IMHO the best thing to do is to get pre-approved with a bank you like, then after you find the car you want for the price your approved for, llet the finance officer at the dealership work the whole deal. Mention whatever deal you got with your bank, and he/she will often look around to see if they can find you a better rate at another bank. If not, you still have your original rate, but if so then you save some money. Win-win.
NO! We need the nanny state to protect us from those evil bourgeoisie. How can we be trusted to take care of ourselves and be responsible without big brother?!1!!
Problem is, we're going to pay for it either way. When that dumbass defaults on the auto loan and gets the car repossessed, loses their job, and files for unemployment, it's basically funneling our money toward whoever profited off the deal.
My first car was a 2009 elantra (12.500) i gave 2k down which didn help much and financed the rest... by the end of 5 years i would have paid 22k for the car that was worth 4k.....i totaled that bitch and even got some money bk
@Michael Szymanek Many people don't fully understand what they're agreeing to. These loans shouldn't be allowed - Period. Just because a car salesman can fast-talk unintelligent people into accepting insanely high interest rates doesn't mean it should be legal. Placing reasonable caps on APR is just common sense. Anything over 10% for an auto loan is ridiculous.
Now that you've watched this, think about _why_ America has designed cities where everybody - even the very poor - need to spend thousands of dollars per year for the cost of an automobile, just to participate in society. Car-dependency is not an inevitability. We can design our cities better. Even if you like cars, you should be willing to join the fight against car-dependency.
And transit system fares for an entire year are usually (at maximum) 1/4 the price of paying for everything about a car :)
That sound like you want commiusm there pal
That is a bad idea. Once it is possible to live without a car, mad eco-maniacs will fight for it to be mandatory to live without a car.
Not just America, many countries do this. Been to Australia, it's exactly the same. If you don't have a car, you're fucked. If you do, they fuck you in a whole different way. No idea why anyone lives in these shitholes.
@@MegaMementoMori Slippery slope fallacy.
Never watched a comedy show and get informed like this show. The level of research and amount of work you guys are putting into your material is absolutely unbelievable. Thank you
You do realize that Oliver is quite biased
+Splugen pass you do realize every single person in the world is biased in one way or another
I don't know about all that. These auto loan people are clearly predatory, however if people didn't agree to the crappy deals they were offered the dealers would stop doing it. It's the fault of the consumer and the dealer, but the video only blamed the dealers.
Of course. Notice he doesn't mention the buyer's responsibility to buy a car they can afford. Or my single moms comment above. I find I'm 50/50 on John O. Half the time I'm cringing at libtard shit like the pay gap, and half the time I'm cheering his amazing brilliance. Examples include: NCAA basketball, iPhone security, Civil forfeiture
go hawks
I worked as a sub prime finance manager for a car dealer for about 5 years.
It's insane how low they will go. I got so stressed out and felt so awful knowing a lot of these people were getting into loans they'd never be able to afford that I quit a $85,000 a year job to go back to school and become a chef. ( after spending $50k. In 2 years , I'm still making less than half what I did, but I don't feel like a heaping pile of dog shit anymore)
I literally felt so awful that I couldn't sleep at night. It's an absolute miserable bottom feeding scam business.
You need to have no soul to do that for a career.
I couldn't imagine doing that for 30+ years.
FML
Soooooooo they’re hiring? Where?
Jason Douglas
Good for you for quitting! It sucks we have to struggle more to survive if we actually use our moral compass when picking a job, and it’s a hard decision making less money for your family (and therefore not being able to do as much for your kids as you otherwise could etc etc) to prevent contributing to the hardships of another family. Just, good for you, dude! If more people were like you our country wouldn’t have these kinds of God-awful messes in the first place!
Good on you for making that move. It's a shame that some people aren't able to make such decisions because they're caught up in the rat race and have themselves tied down financially. Worse yet are those people who think they're not doing anything wrong by pushing those plans onto vulnerable people.
It's nice to hear you have morals and a conscience. Not too many people have that combination in today's world. Good for you!!!!!
@@mjallen1308 lol. I'm sure you're joking. But I guess a lot of ppl growing up today believe in greedy inhuman treatment is a thing to consider, or they feel like it's the only path to take. Their parents or grand parents didn't learn good things in life to pass on to them. It's unfortunate that for some, when they finally wise up, it's too late.
I will never tire of hearing John Oliver saying “TRUUUCK YEEEAAAHH”
He objectively says it better than the song itself
I will never “tire”
It's so trucking good
I drive a truck and never heard that song before this. and I thought I knew most all of them by now lol
He nailed it for sure
"Boy did we screw these people with their mortgages, they're living in their cars now."
"Hm, cars you say..."
lmao
+nGon- What a great idea 😂
/)
+nGon- you backwards ignorant fuck. #Hillary (btw I hate Hillary and I laugh at your joke)
You hit the nail right on the head.
"The Lincoln assassination but with cars."
...So the Kennedy assassination?
Touche.
I mean, it was a bit cooler tho...
I think Johny's got a point here...
I laughed too hard at this 😭😆
One EPIC trip with the car bro.
Too soon...
When I became disabled and unable to work, I was forced into bankruptcy and lost almost everything. It wasn't even a month until I started getting letters like explained in the video for credit cards, auto loans, every other type of loan. I had literally lost almost all of my material possessions, along with a lot of other things in my life, due to disability, and I had more "pre-approved" credit than I ever did at the $80k per year job I was working for before I became disabled. It was ridiculous! And I knew it was bad when my bankruptcy attorney warned me that it would happen! This has been going on for so long and it's ruining people's lives. It's about time that the media is starting to take notice.
Sorry to hear that, hope things are better for you now, and you are right many Americans are hurting right now because of this, now we need our congress to step up and help us by raising the minimum wage and giving us the lift many need to get us out of poverty.
Please stop Hoping and start Accepting the fact that congress doesn't care about the average American. The life spans of Americans are actually falling; the poorer half are dying sooner.
A good part of the United States is starting to resemble the impoverished areas of Rio, Brazil.
Yeah, I know where you're coming from here. only reason it hasn't happened to me is I never bothered with the whole bankruptcy thing.
And so when you get letters like this and you KNOW you can't afford to pay back the credit card or to pay the car loan, you rip them up and throw them away, right? No one forces anyone to apply for loans that they can't afford nor are people forced to spend money they don't have. That is a choice.
Well yeah. Even now that I'm back to working part time, I don't accept these things. Always read the fine print. Some of these "offers" have up to 30% interest rates. That's just financial suicide. I don't even have a credit card anymore.
Keegan Michael Key is a national treasure and needs to be protected at all costs.
plz don't let this comment age like milk!
th-cam.com/video/MsYwFfZS1UQ/w-d-xo.html
@@filminspector6775 so far so good
The thing I love about John Oliver's show is that they do good investigative journalism. He's very intelligent and he has some extremely bright writers working with him. On their main segment of every show they go in depth on one terrible issue. Also this satire bit at the end is the best he has ever done. That's saying something considering he has some great ones.
There's also vice, but other than that...yeah.
But, What about Jeff the diseased lung in a cowboy hat?
This show is the most important on TV right now
Actually, he'll never be able to top his sesame street prison bit.
Bob Balaban makes everything better :)
Me: Actually puts my 9-month-old daughter in front of the screen
John: "You don't know I'm mocking you"
9-month-old: Excitably babbles and reaches for John
Well, he said 7-months-old. Using a 9-months-old is cheating.
@@mondhase5915 Lol I'm probably still a terrible parent
@@Queen_Siobhan Was that ever in doubt?! Like, no one ever asks a trump supporter if they beat people they dislike/their wives/their ex wives/someone they have been told by a 'friend of a friend' possibly is a democrat? It kind of goes without saying... :-p
@@pastaspaghettimonster1893 i'm sure that was a joke, but at the same time, dismissing the other side is one of the problems that got our politics into such a shithole.
@@spv420 I couldn't agree more. However, I believe joke and satire can also be useful in politics. I know a lot of his voters vote for him as he is the republican candiate, and that is there party of choice, and thus they would for the party. However (and I admit definitely the minority) of voters vote for hi, base on him being very vocal against democrats and politically incorrect. That minority was who I aimed to make fun of, although I am not suggesting all of them do what I suggested.
However, I bet a higher proportion than national average would. I say 'bet' as I have no stats to back that up but at least that's how news in Australia (ALL channels and ~80% of newspapers) report it.
Thank you for being a thinker that questions what they read, and have a good day!
The year is 2020 and the calmness of a British comedian discussing the logistics of automobiles is the only that that allows me to sleep
The year is 2024 and nothing has changed here
@@Sam-bm6yf agreed
For those wondering about that lady's commute, I live in an area with a similar situation. Basically where I live is on top of a high ridgeline, above a bend of a river. My friend's house is just two suburbs away, round the bend and in the valley below, by the river. If one could drive, it would take just ten minutes to do the 2.5 miles. But if one had to use public transport, one'd have to get a bus into the city, which takes about 25 minutes, then another bus back out, so another 20 minutes. Factor in walking to and from bus stops, wait times for and between buses and potential delays, and it could easily take an hour. Our record for making that commute was 40 mins, and that was late-night, no traffic, the buses fortunately synced up and no one else got on or off. One could cycle but, given going in one direction would be up the steep ridge, it would be very difficult; I for one have bad knees so could never do it. Walking the whole distance takes an hour and, again, not something someone who is unfit or compromised would want to do.
🛵 ? Or 🚲?
I used to walk/take the bus to school. Took about an hour. Driving would take 5-10 minutes. Hell, walking directly there would usually only take 45-50 minutes, but then I'd have to walk the entire way, and I barely managed to show up at all half of the time, so y'know.
Thank republicans (i.e. one billionaire manipulating half the country into following his abominably idiotic pet theory) for having no transportation. Next thing they'll think of is ripping up sewer lines so people can drink and piss/shit in plastic water bottles. It's the same thing as forcing people to travel in extremely dangerous bottles on wheels that cause so much of the pollution in the world. It's unfathomably stupid, and benefits no one.
I'm poor too, I tend to move to wherever my job is and I find jobs in areas where the rent is low. I don't have a driver's license. But I also don't buy on credit and try to save to buy stuff in bulk. When I lost my job, I mostly lived on potatoes, eggs and fruit. Friends of mine have big houses, but they also have to work 50-60 hours a week. I work in healthcare, 24 hours a week. For me, it was a choice, though... My parents were sort of wealthy, but also immensely stressed...
Get fit and bike up the hill.
Sounds ignorant but I don't care. l know plenty of people who bike to commute, as do I and I have to get up a hill on my way home as well.
Just as a theoretical exercise, I tried to see how far I could go in 15 minutes (she said 10/15 minutes in the video) by car if my house was very close to the nearest motorway in my area. Then I tried to see how long it would take me by bike or by walking. Here are the results:
- by car, it would take me 15 minutes;
- by foot it would take me 3h17min;
- by bike it would take me 1h15min;
- I didn't calculate how long it would take by public transportation, because I don't know the routes here (I have to drive a lot on my job, so I don't use public transportation here).
Mind you this is a semi-rural, mountainous area, and most of the roads are uphill (or downhill, depending on the way you're going). So, either going to work or coming back home, you'd face steep inclines and harsh weather - very cold (around 0º C, sometimes below) and/or rain in the winter, very hot (around 35º C) in the summer.
So, as you can see, it's not as simple as "Just walk" or "just get a bike".
Miguel Silva jesus, not to be presumtive, but how slow do you move? I cover that distance 1.30hr on foot and 40ish by bike. And then i wont be hurrying. Uphill and downhills. In Norway.
What distance? There's no mention of any "distance" in my post.
@@miguelsilva9118 The average person walks at about 5 km/h, at 3 hours and 17 minutes walking time, the distance is about 16.5 kilometres. Depending on the surface and terrain, speed on a bike can vary. I live in a fairly rural area, but I have a fair amount of flat ground with some inclines and reasonable road surfaces and pathways. I bike a fair amount and I average 20 km/h on each trip so my travel time would be 50 minutes. It's hard to find average bike speeds but a survey was made in Copenhagen and the average speed there was 15.5 km/h, which would put the time at 1 hour and 19 minutes.
However, even at average speeds, the trip is still faster than she says public transport takes, so it would still be beneficial for her to go by bike.
@@Numaticin That's not accounting for US traffic in a congested city, safety standards, or road conditions. I've biked in a city before, Ottawa, but it has specialized bike lanes and paths designed for our use. Many non-US cities do. But America is ass-backwards about this, and if her route involves highways in any degree biking's impossible. Either way, we shouldn't be telling a freaking mother to put her life on the line every day just to get to work.
you see in my case i can drive to the next town in 15 minutes but becouse of zoning laws its impossible to walk there and with poor public transport i will spend around 2 to 2.5 hrs on getting there
I finally understand what's the job Franklin is doing in GTA 5
It's disturbing how accurate it is to real life too.
Yeah, me, too. I had an enlightenment on why Franklin thought his job was "low" xD
Yeah but instead of a baby in the backseat he got a pistol toting Michael De Santa
brad carver That turned out pretty well for him in the long run though... Assuming he doesn’t die.
@@bradcarver8127 tgen he got invilved in a load of insane shit, a turfwar between the CIA snd FBI but robbed $200m in gold bars and is now one rich mofo
So maybe DON'T check the back seat when repoing. You never know what might happen.
I'm a terrible parent? HAH! Joke's on you, this isn't my kid!
Somebody call the cops! We've got a kidnapper here!
Did you get that kid from a car you repossessed?
I swear it was already there when I found... reposse... bought that car!
welp time to return this one to the park where I found it.
lol Good one
So I work at a bank, and I see people who have taken out loans like this ALL the time. They are so predatory! If you have a 520 credit score and have defaulted on several debts in the past, you need a financial counselor to help you rebuild your credit and savings, NOT another loan. My biggest suggestion to people is to get approved at a bank that you *trust* first, and then go look for cars with that set amount of money.
Last week tonight is stunning piece of television work
thriversoffset I agree. Very Funny!!!
They're a bunch of American hating Communist filth.
Tab Utu WTF are you smoking? He isn’t even a Yank!
It's a show of reality. Exposes the filth wrapped in glitter wrap.
It’s more like a corporal embodiment of George Carlin. May he rest in peace.
"sleazy lobster selling it to a poor unsuspecting fish"
... Anyone else immediately think Mr Krabs?
If only he said crab!
It would have been so much better if he mentioned spongebob
Surprised he didn't use a loan shark joke
Crabs aren't lobsters... You are speciesist for saying that, and so is John The Bird Man Oliver for saying it
“So why did you sell the car?”
“M o n e y.”
Crazy Walter's attempt at a jump 17:07 17:29 is what I live for.
littleblueclovers is
littleblueclovers the cutest thing ever
well he's not an entertainer but he tried hard and remembered all his lines AND remembered to skip on the way out lolz. I call that champion effort.
@@jemiebridges3197 ? you mean Bob Balaban?
LOL!!
I’m amazed that they took both the car and the baby. I remember seeing something about a car thief who was stealing a car from a store parking lot, discovered there was a baby inside, brought the baby into the store, and then took off with the car. In other words, a car thief off the street has more morals than these assholes.
I'm kind of upset that she left the baby in the car in the first place.
@coalblooded ya that was my thought too. Why was the baby in there without her?
im envious of all the people in the comments who have CLEARLY never severely struggled financially. good for you, but before you ask 'how someone can be so stupid', consider that you have no idea what its like to really struggle in terms of money. its so easy to get trapped
I know. I still used to walk an hour to work and stretch my meagre budget to healthy food (oatmeal is still cheaper than pop tarts). I lived without borrowing. It was hard but possible to do.
The entire economy is built upon borrowing, which is one gigantic capitalist ponzi scheme. Sure, people can live without borrowing, but if we all did, every major financial sector would collapse. They designed it this way.
so true
Truth my gangster. Credit score shows how good you are at being in debt
But, Climax, every financial sector collapsing might not result in the apocalypse. An economy based on collateral and living within one's means is feasible. people seem unhappier than ever and they have more than any other generation. I wasn't trying to simplify it all or slag off a particular person. I'm just saying it is possible to avoid most debt.
I love the little heel click Walter does as he leaves
The underlying issue is the utter destruction of decent public transport out of the suburbs during the 1950's!
Thanks to highways
Systemic Racism can also be thanked
Gigaman How is that the case when the suburbs (primarily white) were the victims? I’m assuming your not speaking of anti-white racism (which is very common, actually encouraged these days) because that’s impossible, right? Identity politics, you folks are the only ones thinking this way
@@dr.lyleevans6915 Its not race war. its class war.
People flee into the suburbs from "those other people" that can't afford to escape.
If there is viable public transport then the poor can go where you live. (And take your stuff) so you go to live in the suburbs where to get anywhere you need a car.
Funny thing. After a few decades you wind up getting a bus line to go down the main street in your suburb because otherwise the help cant clean your house, raise your kids, mow your lawn, or bang your husband unless they live there.
And avoiding the poor was the whole point of moving out there.
StumpyDaPaladin I understand, you have a point. I just didn’t like the racist connotations I read above (wasn’t just you). I live in the country, everybody gets along here.
It feels like it should be criminal but somehow it isn't. as a European:that sums up how I view the US in recent years
It's been this way since our beginning. Our genesis was brought forth by a bunch of wealthymen who used the population's frustrations against the crowne to enrich themselves with their own robber state while stroking their cocks over ideology.
this video is a great gift for my birthday today. Thank you, John Oliver..
And yes, a video is making me happy. My life is quite sad!
We, w, w, w, we don't care. ;)
+ppbur neither do my friends.
+ppbur I get the point
+Konsta Hietala sure
.
I got chills from watching this video, when will we get our heads out of our asses.
when we all become millionaires
When congress stops working for Wall Street and chasing campaign dollars, and actually does their job.
+James Closs People love complaining but at the end of the day the people have the power, and more resources than ever in the internet, to fix things. The issue is people don't care.
The best part is, the people don't even have to wait for Congress to change its act, we can simply choose not to do business with these dealers/lenders. Weird how this shit works.
soon as we take a shit..... but were constipated
*FOR SALE: 2003 Kia Optima.* -1 owner- 11 owners. -Excellent condition- You’ll pray for death within the first 50 miles. -Never driven in snow- Always towed in snow. -275 bucks- $11,900 -with attractive financing- We’ll eat our hats if you make it to 4 payments. *Schiester Motors* _Our goal is your complete_ _-satisfaction-_ _financial ruin._
👍😀😀
I've been looking for one of those
I wish there was some way I could give this a slow clap over the internet. Nice.
+Nahodakk Nah, I'm happy to give deals on my "1 free sex" coupons
and the best comment of the day on youtube goes to this guy!
One of the best John Oliver Episodes ever.
I wish real news was like this.....
The bankruptcy thing is true... Literally days after my parents filed for bankruptcy they received an insane amount of letters advertising for loans.
Same
Disgusting
Yup. Mainly as the marketing partners of those companies pay to see the weekly lists of new filings nationwide as such cases are public record for 10 years.
2k dislikes from all the people who previously owned that Kia.
01man01truck buy here store owners
Top notch hahahahah
lol!
LOL!! Well done!!
01man01truck hyundai...
In my city, Melbourne Australia, ppl living in the outer suburbs usually leave their cars at the train station and take the train into the city to work. It takes roughly the same time but it saves them on the petrol cost- its $1.49 here- and they don't get stuck in peak hour traffic. Also we don't have to pay for parking here at train stations, or actually hardly anywhere. Cars do not get towed away here due to parking laws like in the US. Don't know why I added that, but there it is. Peace out
Thank you for shining a light on such important issues and putting them online so that people who can't otherwise afford HBO can still be well informed.
Watching John Oliver at 3 am on my birthday!
Wooooooo!!!!!
Well, happy birthday!
Happy Birthday.
nobody cares
Happy birthday!
GG you win life.
Should do a similar vid about rental places: Get a TV for $20./week rent, and if you pay the rent for a year, you own it. Problem is: 52x$20= $1040. and it is a TV you can buy at any major dept. store for $199. So basically if you can live without TV for just 10 weeks (saving the $20. per week, you can save yourself $840. Typically this is even worse on furniture as most of these places sell junk furniture which may not even last a year.
depends, here buying on credit is not en vogue, but it's often not really more expensive (0% interest credits) or only a little bit. you actually often just pay the price divided by 12 or 24 (or how many years) per month..many people still suffer tho because they buy a lot because of that, and combined it's still too much every month for them to live by, and it's always a huge deal when people cannot pay their monthly rate
also, it's annoying to pay years for something that when you finally payed it is already old, too used, etc. haha, like with phones.
that said it's a nice option if you're broke and need something fast (like a washing machine) and don't have the time to actually save up, and i think one can live with max. 10% interest in such a case.
Casey Vee who the hell buys a TV ON CREDIT?? I've never even heard of that before, that's crazy? What's next, buying a tank of gas on credit?
@@tmanepic it's a Rent to Own store. You can "rent" appliances and furniture with the intention that after paying the rental fee for X amount of time, you've paid off the value of the item and it's yours. Rental agreements like this make sense if you're staging a property or living somewhere temporarily or something and maybe only need the items for a couple months, but many poor people get caught up in these situations as the cost is always way more than the value of the items rented. Nearly all RTO businesses set up shop in poor neighborhoods, and are able to exist due to our instant gratification culture and the general desperation of the poor.
@@ajm935 no I understand the concept of rent to own, I'm just saying that if you need to rent to own a TV then you really, really can't afford it. That would be like renting to own a tank of gas.
@@tmanepic oh ok, i get what you're trying to say, but lots of stores offer lines of credit / credit cards to buy TVs... it's not that crazy. Both Best Buy and Sear are perfect examples. Also the TVs they're renting usually aren't $50 (like a tank of gas). The average RTO customer usually wouldn't get approved for credit in a regular store, so they go RTO. They think rent to own is similar to an average store line of credit and the employees at the RTO place aren't rushing to correct them.
I think everyone’s sleeping on exactly how in tune that “truck yeeeaahhhh” from John was
I was waiting for this to upload just so I can say NO The Imitation Game is one of the best movies ever!
...and if you pay attention you might learn something about early days cryptation and computing.
REALLY? you find that an "ok film"? this is like one of my favorite movies
I rate 1/1 I loved it!!
I had issues with it, but I work in the area of math he created and know people who knew his advisor. I enjoyed it before I started thinking about it (minus the one part where they actual brought up the turing machine.)
***** You seem to be under the impression that just because a movie follows a typical pattern that it can't be good.
Did they... TRACK DOWN THAT CAR?! Holy shit, these guys are dedicated.
#adfriendlycontent
Yeah with that actual baby in it, can you believe ?
Clearly, another good use of that HBO dragon money.
HBO dragon money lol!
Tracking down a car, buying debt, setting up a mega church and donating the proceeds to Doctors Without Borders, charging 1,000,000 dollars for wet wipes for Doctors Without Borders, having Stephen Colbert stand on a statue podium, getting the real Lord Bucket Head... They deliver!
I felt like poor crazy Walter couldn't read his cue cards in between the explosion of tinsel raining down in front of him lol
Lol
for a second there, he really got pissed off xD
Look at how he looks at the bucket, haha
At the time, Bob Balaban (Crazy Walter) was 70 years old. Bless him for trying the little air kick.
@@corbeau-_- I think he was acting but either way it was pretty funny
@@gaylebynumcardosa7034 Thank you. I sat there for few mins going I have seen him somewhere. He is the NBC CEO in Seinfeld.
"And normally, if you add the phrase 'but with cars' to any historical event, it sounds a lot more fun, like 'the assassination of Abraham Lincoln, but with cars.'"
The assassination of Archduke Franz Ferdinand had cars, and that was decisively *not fun.*
I would argue the only historical event that is significantly improved with cars if you are literally adding the band Cars to it.
@@Lowkeylie Perhaps. If you added the *movie* Cars as well, though, it'd be a net loss on the fun scale, I think.
Imagine all the video games we wouldn't have if not for WW1... without 1 we can't have 2!
Alright but we did get a great 2000's British rock band out of it
JFK
So... re-re-re-re-re-re-re-repossessed? Should've called an exorcist.
Samira Peri LOLLLLL I LOVE THAT MOVIE!!!!
Your manufacturers in here with us, kia optima... lol
Lmao had this happen to me in 2008 by Drive Time who used, guess what, a 2003 Kia Optima and sold it to me for 9k... Is this the official fraud car?? My car got towed because it was parked in the wrong spot, then they repossessed it because of a hidden clause saying if the car is ever impounded for any reason, they have the right to repo it within 15 days. THEN, they said they're going to sell the car and send me a bill for the difference, months later I got a bill for around $11k. So they took my car, and tried to charge me for about 3x the KBB value. I hope the CEO goes to jail for life.
I wouldn't be surprised, it seems like that car was cursed and the CEO was summoning demons. Sorry you got screwed so bad, my dude. Hope you're doing well now.
@@shioneshiori4471 ffr
If I were you, I would have asked the tow truck gy if I could get something out of the car first. Then I would have gotten in it and I would have shat and pissed all over the inside, wiped my ass on the center console and gotten out saying: Ok, you can take it now.
Randy Randerson we are soul mates!
This is insane and should be illegal.
This is all very true and personal. When I was in my mid 20's I had terrible credit, I had more things in collections than you could imagine and needed a car to work. I got "approved" at Pierre Money Mart in Seattle (calling you out!) for a loan that was 24% APR for 5 years. I ended up paying $17k for a car that was worth $6k.
Now that my credit is impeccable I have a used car through my credit union at 2.9%. When you need the help you get a boot in your rear, when everything is fine and dandy everyone wants to loan money to you.
Best part of the video is that little jump Crazy Walter does when he's leaving the set. That's commitment to a role!
You add Keegan-Michael Key into anything and it turns into comedy gold. This man is a national treasure.
I don't know about everywhere,but where I live public transportation sucks, and many,many places will not hire you if you do not drive.
Tina Elevation: Is biking an option? Also by "don't drive" do you mean unable to drive or chooses not to drive?
Speaking from someone who has no other choice but to be public transportation's bitch and was on a recent job hunt I can vouch for that being true. And they were jobs that had NOTHING to do with driving but just didn't like the fact that you couldn't be there at a moment's notice with your car or didn't like the fact that your work schedule was limited by the bus schedule.
It's more to do with the fact that a car tends to imply dependability more than inconsistent transit systems.
Speaking as an employer, there are many 'screens' we use in order to weed out less desirable hires to help select the best out of a huge amount of resumes.
Biking isn't always an option for everyone. I know where I live the sidewalks can be snowed in for half the year if not covered in ice. Even the most avid bikers don't take their bikes out during the winter. And not all roads have a bike lane. The best part? If I (a person with a vagina) am robbed or raped while out with the bike after a late night shift, the attack will most likely be considered my fault.
Yes, I know. The employer needs to know that the employee can be there at a moment's notice if they're needed. But I've been denied for positions because (and this is what the employer actually told me) I couldn't stay late enough, and I couldn't stay late enough because the buses don't run very late.
Come on, John. You of all people should have recognized sarcastic glee in that bankruptcy lawyer.
Yeah I was surprised at this as well
back in the day this was called lone sharking and it was illegal
loan
@Alexander Steel ily
To touch on another briefly mentioned topic here: wow public transportation in the USA sucks extremely hard, doesnt it? I mean at least in bigger citys you should have SOMETHING resembling a system that gets you through there in a time somewhat rivaling that of cars for various reasons (The enviroment, the sake of people unable to drive cause they are either too young or physically disabeled or just dont have a license, not putting too much of a burden on the streets that are too filled with cars...).
Nope, Houston's metro system is apparently confusing as hell (A guy born there couldn't figure it out when it took him just a few minutes to figure out subway in Paris), It's also a viscious circle: People drive cars because there's no efficient public transportation, and there's no efficient PT because virtually everyone has a car.
In some cities, only poor people take the bus, and it can be dangerous in some areas. Also cities are really spread out which means the distances aren't doable by foot or bike. It's also build with highways, that are not safely accessible by bike.
There should be something but as I said it's an endless circle of No offer because no real demand (who cares about what poor or disabled people want?), and no real demand because the offer isn't there.
You can't get anywhere without a car in the U.S. You can't even get to the nearest store. Losing your licence is nearly equivalent to prison. You also can't get a job without a decent smartphone to fill out applications and do interviews. That being said, with a car and a smartphone an ambitious person can go anywhere they want and do anything they want.
@@LexiLSify That right there is exactly why once upon a time we collectively agreed upon forming a government (or installing a monarch) who will make decisions the individual cannot and will not make but which benefit society in the long run. Someone to think big.
A government's job is to get information from experts and act upon it. We have all the information. We just need the folks in charge to be in charge and do things.
Build bicycle lanes. Why? Nobody has a bicycle because we lack bicycle lanes, so why build... ohhh.
Install electric car charging stations, make them mandatory on a number of gas stations. But so few people have electric cars because of a lack of infrastruct-- ooohhh.
Mandate health care for everyone. Mandate education for everyone. Build shit. Do shit. Big steps. But yeah, somehow we've slipped off that constructive path and took faith in the free market. Not just in America, Europe is the same.
@@onkelpappkov2666
I like what you're saying, but it really isn't that bleak lol. Most politicians and city leaders/planners understand the adage: If you build it, they will come.
Personally I have had good experiences with public transit in New York, Boston, Chicago, and the Bay Area, but public transit is still a huge problem in many cities. The problem with public transit in the US is our geography. All of our towns and cities excluding the mid-Atlantic are really spread out and make public transport difficult.
do one about underfunding nasa. for real.
Why fund nasa? We need $$$ to build walls and moar bombs FUCK YEA DONALD TRUMP IS GONNA BLAST EVERY *non-white americans* TO HELL AND THE CHRISTIAN AGENDA WILL REIN ONCE MORE YEEEEHAAAA!!!!!!!!
+Charlie Brown lawl. funny how we can't blast the colored away because we didn't fund nasa
This is a great idea, NASA funding is very important.
yes please!
I agree
Remind me again how America is the greatest country on earth.
Used car salesmen do not represent a whole nation.
I didn't realize we were all used car salesmen holy shit when do I start my new job?
it _isn't_.
What about Payday Loans? Debt Buyers? Death Penalty? The NCAA? Marketing to doctors? ALEC? No paid leave? No free Health Care?Abortion Laws? Torture? Public Defendants? Judicial System? Lead in water? Congressional Funding? Lobbying? Mandatory Minimums?
Do these things represent the whole nation? Oh wait, I forgot the most important thing. Donald Trump.
always nice to punch down while you're money is mostly used to finance tax cuts for the rich and wars that big companies profit from.
Keegan Michael-Key is a treasure and my heart exploded with happiness at the last couple minutes of this video. that kind of happiness interruption is the kind of thing i thin we could use more of in 2020
That Crazy Johnny/Jimmy bit was awesome
All the funnier because John is NOT pulling off that cowboy hat 😂
"I have an upper limit of $2000-3000."
"She took out a loan of $8000."
...I feel like I'm missing something here.
Welp
It's called capitalism.
Administrative fees, sales tax, basic warranty (that actually doesn't cover much, if anything), sales fees, dealership fees, finance fees.
its easy to imagine it, you just have to think like someone who sees other people as subhumans, only useful as a source of cash to you.
+bp92009 all those things costing more than the price of the actual car is still pretty fishy.
Yeah exactly. Read the shit before you sign lol
Shit like this is simply illegal in Europe.
Actually most of the things John Oliver brings up makes me realize how backward the US is in a lot of area's compared to Western Europe.
CPTANT +
It is still a debt based currency. It is no less fraudulent than the US economy
the problem only arises when fat muricans dont pay what they owe and try to buy things that they cant afford
One of the several examples of what “total market freedom” means, as putting a limit to these type of practices would be a “socialist” thing to do according to them. Shocking because they really think like that.
CPTANT welcome to super capitalism us ideals. pay a politician off and rob people blind while claiming "we are here to help"
Visiting here in 2020 all nostalgic like, “Aw, I remember when we had time to care about things.”
shit moves too quickly nowadays
2021, same thing. To be fair, we had more time to think than ever before, but we decided to mostly spend it on squabling - about nothing... As usual...
@@corbeau-_- yeah we have no excuse for this garbage. It’s all because we stopped reading and caring about the progress of the human spirit
2024... humanity is still fucked
Do one about NASA's huge lack of funding!
NASA is enough of a suck on our economy. We need to give them less, not more
It's true I don't really give a shit if et has homies as long as they stay there and we stay here I'm good
+syawkcab Instead of giving NASA less, we should just stop funding Israel and Saudi Arabia
+syawkcab No, and not nearly as much as you are wasting on your army
+syawkcab can't tell if you're joking or not....
17:29 - the little kick Walter does as he leaves
Holy shit It's Key....... Nice work Getting Key to go batsqueak insane with you on that Crazy Johnny Bit
Oliver is a great comedian, but he let Key totally run with it, and he made the scene. Glad he was there.
+F1god04 John is pretty generous in these skits though
Here's the replay button in case y'all needed one: 0:19
That impression is trucking gold!
Being an army vet, I remember seeing young soldiers who were 18 or 19 get screwed all the time when buying a vehicle with up to 28% interest!!! places right outside the base who prey on them because they don't know any better.
they joined the military that was the first sign they didnt know any better. The military preys on poor people promising things they cant keep.
I joined too man and loved everything about it. Got everything and more from it too and am now going for my master's and haven't paid a cent thanks to the military.
The only problem is that if there is a war, well you are screwed. Unless you're a radar operator or something.
@6:00 She left her baby alone in the car and no one cared?
The incident probably happened before the hot car incident so no one really cared. It was taboo but nothing to truly care about at the time.
+nathaniel holden we didn't need babies to puff there cheeks in a car to care when people left there babies you idiot. That's some real donkey poop
That's what I was thinking. Who leaves their baby in the car? I like John Oliver, but he is a little quick to defer personal responsibility in order to present people who make bad decisions as "victims."
+PingWildShot Gaming you are implying that I don't care. Well I do. All I said was stating my opinion why it did not get the news coverage or why it seemed people did not care.
For example. The police brutality and racial profiling (used by police) problem. It has been around for years and years. But people didn't pay much attention to it because it got no news coverage or was part of a nation wide movement...I would like to make it clear that I'm not saying there were not people who cared about the problems before the news took a look at it, or that I don't care about it.
In Denmark we leave babies outside of cafés/stores/houses so I don't really see a problem with that..? What would you expect to happen..?
John has done a lot of great sketches but this is probably the best one I've seen. Bravo!!
Me: Hears 'Sub-Prime' in any context
My Brain: *SCREAMS IN TERROR*
I remember watching this years ago. I lost a car in 2007 to one of these predatory loans that ended in repossession. I was out a car 7.5 years before taking out a new car loan from a slightly better company. I have paid faithfully for 4 years. Last month my car was totaled in an accident that was not my fault.
It has been a headache and I will still owe about 2k when all the payout is done.
But when that guy said “these people can’t keep their lives together for six years...” that hit hard. So sad.
You didn't have gap insurance 🥺
@@luvmibratt what I learned in all this (as I was buying my new car) is that GAP insurance only applies to cars bought brand new or maybe* a couple years old.
The lost car was about 4-5 model years out when I bought her. But yes, it was the first thing I asked about when searching for my new wheels.
@@MoonFairy929 Girl don't let them fool you... Gap insurance is for any car your taking off the lot and gotta make payments for I had a 2011 Merano last year thank god I got that gap insurance Because 3 months later I was in a wreck thier fault. I'm glad you know about it now shopping around 😁
You lost the car because you didn’t pay like you agreed to. The end.
@@blueoval250 Can you read? Her car was wrecked. With full coverage the insurance company only pays what the car is worth, but the bank wants thier money if the insurance dosent pay all. That's why we were talking about GAP insurance.
Every once in a while I think about that car and wonder where it is now.
It's probably the exact same one in the ending act
Bummy McBummface 'stolen and then repossessed again! ' were their words in the end
been sold to a fish by a sleezy lobster who then repossessed it to sell it to a whale. I hear some sharks have their eyes on it too.
The car was the one which was shown in the ending.
it is with harambe now.
God Bless
*headbutts button with crazy levels of enthusiasm*
"WE DON'T CARE"
Yup, that about sums it up.
John kills these segments. My new favorite show..
I love how when they pan to the baby, it has its hand out like, "Wtf is you lookin at?" Lol
Is it me or the baby looks like James Corden?
This guy is amazing! the jokes aside, he just shoots all the information for minutes on end, all the while being very coherent. Like he knows the stuff rather than reading off a card.
Regulation hurts businesses! Government shouldn't interfere! Free market! Etc.!
People who squawk things like this should remember that they're pushing for the un/de-regulation of the scumbags who caused the mortgage crisis, and are going to be responsible (but probably not held accountable) when it happens again.
Actually, if it weren't for the Federal Reserve creating these conditions by helping hold big banks together and their tendency to keep interest rates below the market value, it would be impossible for this kind of shit to happen.
+Jimmy Danly lol so you don't think mechanics and car salesman, people who are almost exclusively for being sleazy, are going to all act on their better angels and stop ripping people off? Things would be worse off if there was de-regulation because companies would be allowed to screw over employees and customers, and the customers and employees wouldn't have a choice but to keep using those businesses.
+Iamcamper31 If we solved the root of the problem, there would be no economic incentive. The Federal Reserve's meddling is what makes this profitable. If we deregulated the banking sector, and by that I do mean abolishing the Federal Reserve, these loans would not be made.
Or you know, don't spend money at these places, real simple
+Jimmy Danly You do know why the banking sector is regulated, right? There once was a time in America when banks would regularly fail and cause entire towns to lose everything they had. We have business and working environment regulations because whatever it was that got regulated didn't work in the past without regulation. Deregulation is the battle cry of the ignorant.
This video is un-trucking-believable.
bad you
+Charlie Brown good grief
Had to be said
This is the corner where all jokes get repeated?
Oh great. Go on then...
Can we appreciate that John actually sang that well?+
The whole Crazy Johnny's bit was perfection 😁
Oh come on now. The Imitation Game was a great movie (and a really important story). And Benadryl Cucumbersplash did Alan Turing honorable.
pr0xZen I think you spelled Benedict Cumberbatch wrong
@@jusbertmeza4424 true. Everyone know his names is actually Benedryl Cabbagepatch
Yeah i love Wimbledon Tennismatch
Love Benefits Candysnacks
Bumblebee Quarterback is a national treasure!
Damn, what kind of place is 2 hours away on bus and train, but only a 10 minute drive
Looks like she is too disabled or something, to walk or ride a bicycle.
I'm guessing the public transportation doesn't take the highway
Public transportation is pretty terrible, unless you're in a big, big city like San Francisco or NYC
Narnia
I take my wife to her job on the way to mine. Takes 12 minutes. Her getting home on the bus takes about an hour and a half. The busses have roundabout routes and a crappy schedule to boot. The stop closest to our house is also about 1/2 mile away.
"You can easily end up with no car _and_ thousands of dollars in debt." That happened to me.
Someone please explain this to a European: How on earth does a 10 minute drive turn into a 2 hour long buss commute?!
Bad connections. I bet she has to go in the wrong direction first before she can get into the bus that drives past her destination..
That said, right here in the Netherlands, a commute which takes me 45 minutes by car takes me 2 hours by bus. (and 3 hours by bike)
+KETimiko 30+ minutes between busses, 1+ hour between trains depending on location. you are better off walking than taking public transportation in America.
buses stop everywhere, that alone adds a ton of time. Let's say your place of employment is 4 miles east of where you live, but the bus route goes 3 miles west, 4 miles north, 5 miles east and then you have to change buses to one that will actually take you close to work. Shit can be crazy, man.
Trainboy1EJR Wow. That's insane. I mean I knew it was bad but this bad? If parking wasn't an issue it would take me 10 to 15 minutes to drive to work, it takes me 15 to 20 minutes to take the buss to work, and (let's just say there isn't a slope on my way) it takes me 20 to 30 minutes to bike to work. Fuck, I'm pretty sure i'd get there in 45 minutes if I walked.
It's called having one of the worst public transportation systems in the industrialized world.
I love John Oliver's ability to take very serious problems and present them in such a way that you can understand them and laugh at the completely crazy things companies can get away with.. no one else makes humor out of horror quite like him.
13:00 John Oliver's smile afterwards. 😂🙌🏼🔥
Broke: repossessed
Woke: stolen by rich people
^communist
@@williambrennan104 alright sure, attack me rather than my point. if you think i’m wrong then maybe say how i’m wrong instead of calling names.
@@namiix7365 communist isn't a bad name... Just as capitalism can be abused, so can communism. Always by the top 1-5%. Both communism and capitalism can be wholesome, but tend to be destroyed by greed. Every system on earth has this problem: We humans control the system and we aren't fair when push comes to shove. Hence a repeat of history.
But yeah, he had no valid point whatsoever and did try to offend you - in his own silly little way. Petty at best.
America thrives on nationalism as well and like with the nationalistic socialists (who were also fascist) that can be a very bad thing - thinking you are better, for no clear reason. American exceptionalism isn't that far off from claiming to have superior genes, like the Nazis did...
@@williambrennan104 based Chad communist*
Fun fact, college loans are being done the same way as sub-prime car loans
Jack Crowley
Can't wait to hear about the student loan bubble bursting...
And there are over 1 Trillion dollars in student loan debt.
well that's just not true....you aren't legally allowed to default on student loans
Since banks can’t repossess your education, they lobbied politicians (they funded into office) to make student loans permanent lifelong treadmill burdens so buying a home or having kids becomes prohibitive...unless you were born wealthy. Before Reagan’s “trickle-down economics” you could get a university degree waiting tables part time and pay back student loans in 2 years. Anyone enjoying this rip-off?
Patrixia Villa That’s right. What trickle-down actually means is shutting the gates and starving the peasants, with some occasional crumbs. The justification for trickle down also boggles me-“The wealth should be given to rich people and then it will trickle down.” If the goal was to have it eventually end up in the hands of the middle and working class, why not just have it be in their hands, and the rich can _earn_ that money with great products. That’s how a healthy economy works.
2,000 people disliked this video, but why?
They're all auto dealers
I'll tell you why. I'm a bicyclist, i commute to work on my Schwinn. Secondly, Imitation Game was a good movie - it pays tribute to Alan Turing one of the fathers of computing.
Because of these credit criminals and their victim mentality. No one forced them to take a loan.
I guess that makes everything about the industry OK then? Go vote Ron Paul, toolbox.
because he's talking about a bad thing... pretty obvious
Probably "bootstrap" conservatives.
To the people making the "Why don't you just bike/walk to work? You're clearly just lazy!" arguments, how does it feel to have your head so far up your own ass you're literally incapable of considering another person's real problem for longer than it takes to formulate a toddler's answer to it? Most towns don't have bike safe lanes, and you know damned well riding on the highway or even city roads isn't *actually* feasible. You all hate the guys who show up in full gear and actually manage a speedy 25-30 mph speed. Like hell you're going to happily tolerate an average person loaded down in work clothes peddling along at 15. Hell, a lot of areas don't even have sidewalks in non-residential areas, so riding or walking along the side isn't an option either, unless you fancy getting flattened coming back at night. Added to that, you try showing up to work after a 30 minute bike ride or an hour's walk in 90 degree heat and keeping your job. And that's not even touching rain, storms, and snow (there's absolutely no way to keep your clothes, hair, and body odor presentable in anything but perfect weather conditions), OR the fact of how fucking exhausting stacking intense 30-60 minute workouts on either end of a full work day every single day would be.
But sure. Bike to work in a snow storm. Can't believe these stupid poor people haven't thought of that. God, I don't even know what they're complaining about, ammiright?
True, true. But, if you can bike to work, you should. Whenever possible. It doesn't hurt to try.
This is pretty much exactly the problem with non-vehicle transport in Arizona, specifically Phoenix and Gilbert. Well, I say "non-vehicle", I mean to say travel that does not take place in a car or public transport: basically, biking or walking. Hate to break it to y'all, but the average summer day temp here is above 110° Fahrenheit. You're not biking to work in that, you'll get simultaneous sunstroke/heatstroke. Add the heat island effect and the lack of real leafy stuff in the valley and you have basically no feasible way to get to work that is safe from extreme heat. Even short commutes can shoot your hygiene to hell before your day begins.
Basically; I agree. It's just not always realistic to bike to work. And, yes, the Valley is an extreme example, but it still stands. Anyway, nicely done.
What about not in the summer?
@@GVilleAnarcho I'm glad you asked. In winter, it's about 60 degrees out. 90 or 85 in autumn. And spring's about the same as autumn. So it's not too bad year-round, but there's still a pretty big chunk of the year you'd have to risk.
(Of course you're free to fact-check me, I could be wrong as I'm mostly basing this off my personal experience. I'm not sure if I trust the information I found on Google because it listed the annual high as 86. Maybe I just don't know how they get the annual high temp.)
Soooooo ....cycle then, right?
In Germany it is very common to buy used cars from private people, e.g. over ebay local or via newspaper. My VW Lupo cost me 1500€, and I'm a student with little financial resources. I saved 3 years for it, but it's completely mine now. I'd hate not owning it. It is an old and small car but does its job and runs well. We are a family of car mechanicans and always buy old, used cars privately. You can't do much wrong with a 10 to 20 yo VW Polo/Golf/Lupo or Audi Passat. And it's in general best to only buy something with a loan if you cannot avoid it. Only our house is financed. We don't own the newest or fanciest stuff, but it's ours. You can quickly sink deep into debt with those rates...
Damn it John, I should've been asleep hours ago and now you're keeping me up more 😀
grow up then
Tell your parents that they are terrible for waking you up for this, but pretty impressive for teaching a 7 month old to post on TH-cam.
Lending rates over 12% should be considered loan sharking, and it should be a FELONY.
Seriously! 29%? That is _insane!_ You'd be paying double the cost in just interest, let alone the original jacked-up cost.
Because it’s not forced. People have to be responsible for their decisions. Like all those bitches complaining about student debt. Grow up.
To be fair though, as P.T Barnum once said, there's a sucker born every minute. If you're foolish enough to get sucked into a situation where you pay anywhere from 19-29% interest on a car, on top of the marked up price ( when compared to the real value of the car) when the value of a car literally depreciate every year and every mile you put in it, you get what you get.
While I dont agree with the lending practices of the so called sub-prime lending industry, I feel it's up to the individuals to understand the terms and conditions of the contract and make an informed decision on whether or not to agree to the terms of the loan. I don't expect everyone to be able to dissect the contract like a lawyer might but they should understand the basics. If a company is gonna screw you on interest rates, don't accept the loan offer, it's common sense. Also never buy a car without first taking it to an independent mechanic. It's best to spend the $100 or so to have them look it over than to have the car break down before the ink is dry on the contract. Again common sense.
Furthermore the ability of these companies to be able to swindle shows that Americans have little to no contract literacy or the ability to understand how credit works. Maybe instead of having high school kids learn about how Romeo was boning Juliet against the wished of their respective families, maybe have a class called contracts 101 where it teaches you the basics of reading, understanding, and writing contracts. Just my thoughts
@@chuckhickman8093
I would love to agree with you, whole heartedly, but thats is just not likely. Too bad tho.... Too bad...
The problem is if you have bad credit this is litterally your only choice, its either that or not have a job or a home
Last time I was this early, Key and Peele were still on Comedy Central...
*manly cry*
What's a "manly cry" supposed to sound like?
+Charlie Brown Moooowaaaaaaaaaa! Deeply voiced.
+Charlie Brown loud and scary
+Charlie Brown sounds like a regular cry except there is much more bacon
+Charlie Brown Monster trucks and fuckin'
I dont remember who said it but a wise person once said ‘ being poor is expensive’
Beautifully said ! Yes
I believe that was Sir Terry Pratchett. GNU Terry Pratchett.
2 thousand dislikes from... people who... like being screwed financially?
More like Kia car owners or the auto dealers.
Or those who realize that most of sales like this are possible because of stupid people signing outrageous contracts?
Yes, people are dumb as hell and it let's other people take advantage of it. When you sign the loan, it shows EVERYTHING, including monthly as well as total interest. Again, stupid people won't care and cry when shit goes bad.
The most ridiculous lie in this segment was about taking public transportation for 2 hours instead of 15 minutes car ride. Whoever believed in this story is even dumber than people signing a contract with 29% interest rate. You can WALK this distance in less than 2 hours. Train + bus on such a short distance. Yeah, right.
I mean buying a car on Craigslist is way cheaper then going to a dealer.
nate-the sale, you don't get FINANCING on Craigslist. That was the whole *point* of this entire video! Most of these people are in this situation because they have *no other alternative* other than to accept these predatory loans, because of their financial / credit situation. They are literally living "paycheck-to-paycheck".
They work minimum wage jobs, which is not even enough to pay the *VERY VERY BASICS* of life (especially in larger cities, where expenses like rent can be outrageous). Yet, they are expected to have a car, insurance, fuel etc. to get (or even keep) that same minimum wage job!! Easy to sit on one's high horse and pontificate about how "dumb", "stupid", "irresponsible" they are, when you've never experienced their predicament.
Yes, there are some irresponsible idiots that fit that category, who buy things completely beyond their means, like splurging on a $40,000 mustang, even though they earn a very modest salary. However, there are tons of people who are not. Buying a 10+ year old $3000 2003 Kia is hardly splurging. Anyone who thinks so, should have their head examined * rollseyes *
There absolutely should be laws against this type of predatory lending and deceitful business practices. Yes, I know these businesses have to make profits and have to assume much higher risks, and, of course, they have to charge a significantly higher interest rate to compensate for the added risk. This is perfectly reasonable. But the stuff that actually goes on, shown in this video (like selling a $3,000 piece of junk for $8000 etc.) is borderline criminal!!!
747-pilot I’m not going to say what these business are doing is fine, I think it’s pretty shitty. But they do it because we let them. If your willing to make monthly payments then you just save up to buy something so you wouldn’t have to take a loan. And if your willing to learn most these shit cars you buy could be fixed up and flipped for some money.
man america has real bad public transport, 2 hours for a 10 minute car trip equivalent?
i feel spoiled here in australia, trains to god damn everywhere, and an ooookay bus system, not the best but definitely better than in america
there was like a 3 busses a whole day at the closest bus stop when i lived in the states, that's abysmal
Natasha Johnson: That's because you live in a relatively urban area. I am sure if you lived somewhere rural, that would not be the case.
@@chengliu872 doesn't even have to be rural, bustling suburbs surrounding major cities also have terribly limited public transportation options too.
Bob Balaban: the only man who could possibly match the raw animal magnetism of Oliver.
THE IMITATION GAME WAS HEARTFELT AND A VERY GOOD MOVIE AND CUMBERBATCH WAS AMAZING
The assassination of JFK but with c-... never mind...
Dan Moar really ---- your comment is out of sequence in the time line
Dan Moar yak
Yakeen ka safar 16
JFK was assassinated in a car.
I think our education system is also at fault here, not just the sleazy salesmen. We need to have a better personal finance program, especially in poorer neighborhoods, so the next generation of kids can make better decisions on when and what to buy and save.
***** Yes I completely agree. Hell, just the other day one of my best friends told me she is literally going to school just so she can earn more money as an adult. This is such a toxic, and mainstream, mindset. School should be the place to go for knowledge. Education should benefit the mind and the soul, not be a means for a higher salary / "success".
Why blame everyone else? What ever happened to having common sense? It shouldn't be too difficult to know not to use a credit card to plunge into debt, or that it is a smarted decision to save money instead of blowing it on big screen tvs. It's called having priorities. If a car is a priority then common sense would be to save money for a car and do everything else on a budget. Basic money management is extremely simple as long as a person understands the difference between what they need, what they want, and what they can afford. Common sense isn't so common though.
My brother was a used salesman for a couple months, and quit because he realized he could never live with himself having such a heartless job. He basically said being a drug dealer is more ethical, since at least you are giving people something for there money instead of simply robbing them and hiding it from them under massive contracts and deceptive figures which take a masters degree in mathematics to properly understand.
Personally I think all contracts should clearly state the bottom line cost, and not the cost BEFORE interest... its intentional deception. I told my mother to ask for the bottom line cost when she was looking for a car, so she understood what she was actually paying. She said they nearly passed out after asking because people asking the right questions were so damn rare. People usually ask what the cost before interest is, or what the payment would be, but what the question should be is, how much will you actually be paying at the end of the day.
Exactly... I think these people just don't understand what they're signing and how much it'll cost them. It's like these rent a center places where you rent furniture and appliances at 30% a month.
How do you suppose people learn this? Many of these people are growing up extremely poor with their parents making the same mistakes shown in this video. If you have no good role models, nobody to show you proper money management exists, how do you suppose the individual will learn it? Are you suggesting this skill of money managing is innate? that it's almost instinct? Because if thats the case why are so many human beings dirt poor across the globe? I'd wager it has more to do with the lack of education rather than lack of using innate knowledge. I do think there are qualities and instincts that everyone possesses, however, I do not believe the management of money is not one of them.
I get where you're coming from. It is a pain to see people lack common sense, to lack responsibility, to have no regard for other humans or themselves, and I do agree with you more people should have common sense, however, like I stated above, I think the best course of action would be changing our education system so more people know money managing exists, and that the skill can be obtained. It can't hurt can it? Teaching kids about money will only have a bright response. And if it doesn't work, then the worst that could happen is we will be right back where we started.
Car salesman here. One of the more upsetting things about this is that we often get people in that have decent cars but want to get into a better one despite having shit credit. So they come in, don't get approved, and then get angry because the place down the street has a similar car and has gotten them approved. I try to explain that they're just loan sharks, but no, I'm just an asshole salesman after their cash, despite the fact that I just told them to bugger off with their shit credit.
I would like to do business with you.
Get it brice. You're one of the good ones
So if they already have approval somewhere else, why are they going to you?
You're absolutely right. That's what these buy here, pay here lots do. It makes the good dealers look like evil crap holes. I have to have a car for my current job. Not only is the job 30 miles away, but sometimes I have to drive people to places. I had been driving my last car for 11 years until it just wouldn't drive anymore and fixing it would cost more than it was worth. Instead of just going to any car dealer, I went to the bank first and got approved for what I KNEW I could afford. THEN I went to look at cars and got a nice used Avenger which is perfect for me. The process was so simple doing it like that. Not only did I get a great interest rate (for my credit, I have had a bankruptcy after a disability struck), I got a nice new(er) car, almost no haggling at all, and it'll all be paid off in 3 years.
Pro tip: Sometimes you can get better rates at dealerships. Oftentimes they don't do in-house financing, which means they run your credit once and then send it out to all the banks and get you the lowest rate. We go through about 20 different banks and credit unions. Firstlight, Teacher's, and GECU tend to be our consistent winners. It also makes it easier to get approved since some banks will overlook poor credit if the income is good enough. IMHO the best thing to do is to get pre-approved with a bank you like, then after you find the car you want for the price your approved for, llet the finance officer at the dealership work the whole deal. Mention whatever deal you got with your bank, and he/she will often look around to see if they can find you a better rate at another bank. If not, you still have your original rate, but if so then you save some money. Win-win.
"The crucifixion of Christ----- but with Cars" !
19-29% interest is insane. Is there no cap on interest rates for auto loans? WTF. How is this even legal?
Because two consenting adults should be allowed to do/agree to anything they want to.
NO! We need the nanny state to protect us from those evil bourgeoisie. How can we be trusted to take care of ourselves and be responsible without big brother?!1!!
Problem is, we're going to pay for it either way. When that dumbass defaults on the auto loan and gets the car repossessed, loses their job, and files for unemployment, it's basically funneling our money toward whoever profited off the deal.
My first car was a 2009 elantra (12.500) i gave 2k down which didn help much and financed the rest... by the end of 5 years i would have paid 22k for the car that was worth 4k.....i totaled that bitch and even got some money bk
@Michael Szymanek Many people don't fully understand what they're agreeing to. These loans shouldn't be allowed - Period. Just because a car salesman can fast-talk unintelligent people into accepting insanely high interest rates doesn't mean it should be legal. Placing reasonable caps on APR is just common sense. Anything over 10% for an auto loan is ridiculous.
Send your money to me and I'll pray that you get a car.
Send me 30% more money than the car costs and I'll get it for you. Just pay separate Shipping & Handling.
SEND ME YOUR SEED!
Sow your seed!
Church Of The Holy Combustion Engine thanks you for your thoughts & prayers.
Do you take cashapp?
KEEGAN-MICHAEL KEEEEEEYYYYYY!
I blame the quarantine but John Oliver has gotten unbelievably irresistible