All the artificial stimulus has pretty much worked its way out of the system now. All that fraudulent covid money paid out to everyone, in other words. Prices have nowhere to go but down without it.
I saw a Subaru car salesman get inspired by this channel. He made a video showing the cheapest model of everything they had. He even tossed a shout-out to car questions answered in a positive manner. So back at you Alex.
I am liking the new editing format where you go through the car and show the auction at the same time. I know this isn't the first video with this setup, but wanted to let you know it's easier to follow each car this way rather than the old way of looking at all the cars, then watching all the auctions.
Who would have thought pricing your cars out of range of the average car buyer would have resulted in you not being able to sell cars. I am guessing the banks must be tired of all the losses on repos and are starting to become real strict in the loans they do grant.
Banks never lose under fractional lending. They loan money they don’t have and get the property or can right off as a loss. They don’t lose only steal.
You think its the dealers? Try massive inflation through the entire supply chain along with no skill workers thinking they deserve 25+ an hour. Hell, the cost of even transporting those cars to the lot has gone up over 50%. Vote Democrat and that's what you get!
Great new format as you bounce between your review and the bidding of each car. I actually watched this entire segment. Thanks, and please keep them coming...
All the dealers need to do - new vehicle dealers in particular - is find more ways to keep the prices going up and the financing going longer! What could go wrong with the formula they have been following the last few years? Love those "market adjustment" stickers where they tack on another $5,000+ "just because they can"..... NOT!!!!
Interesting since you say it was a FORD. In the past the Ford dealers within roughly a 100 mile radius were the worst with their "market adjustment" add ons for nothing. Ford Maverick were in the $5,000 to $10,000 range and F150 started @ $10,000 and saw one for $22,000 about 1.5 years ago. Ridiculous but they found dummies willing to pay ... @@willisswenson3843
Mateket adjustment is just a fancy way of saying gouging the customer. Specially the 300 bucks for fancy air in the tires. Makes me wonder how many are just saying it's got the expensive air when it's just shop air?
I am sure the dealers would love that idea but reality is once the factory warranty runs out the car, will most likely be reposed since the owner probably cannot afford both the repair of the vehicle and the loan at the same exact time. The only solution is for the dealers/manufacturers to lower pricing.
What's that one saying? "Live within yah means". Yeah, don't blame the dealer if ppl are making poor financial decisions.. A time an place for everything.. I already had 2 4runners but purchased a vehicle summer 2020. Top model 2020 Tundra 42k OTD @ the dealership...
Hey Brandon , I would have bought that RAV4. I have been looking to replace my 2011 , but the prices are too dang high! Thanks for taking us along and thumbs UP!!👍
Looked at a rav 4 51,000 miles 2 owners 2020 rusted wheels and underbelly nearly bald tires tan interior looked rough. No trade in offered. Only asked 1 question out the door price please. They took $1000.00 off lol $32.000 Rode hard and put away wet
Great editing on this one, I appreciate the time you took to show off the exterior interior of the car at the same time it was going through auction! That really helps keeps the condition of these vehicles on mind when they are rolling through!
I was waiting for my ride at the Seattle, WA cruise terminal and saw many newer large SUV’s, Suburbans, Escalades being driven by Uber drivers for bigger fares. I’m speculating these rigs and a lot more were financed and they gotta drive them into the ground to make payments and support themselves. I can’t imagine being beholden to a $800 or $1000 car payment plus insurance, maintenance, gas. Crazy what we do to make money. I will not spend more than 30K for a rig now as that was the amount I paid in 2008. Will not buy a new rig ever again. Under 20K will be my future budget. Cash no financing.
I would like to see you show how much 2011-2014 Ford F-150's, 2012-2015 Ford Explorer's, 2011-2014 Honda CR-V, 2011-2014 RAV4's, 2010-2014 Chevy Silverado's go for at the auctions you go to. Just wanting to see what these go for in your State.
F150’s? A lot. Retail in some cases. Explorers, bad reliability so not much, CRV’s high as a kid, and Silverado’s are the truck of choice on the region, so prices are well above average wholesale. Retail in some cases.
Hi Brandon. Jesus there's some nice Cars there. That Wrangled is very Cool lol. Nice Colour. I cant believe most of them are Repos. Lovely Denali. Nice Weather over there Brando. It's Pissing rain over here in Ireland lol 😅😅. Your leaving your mess up's on Camera which is Great and very funny lol. Great Video again bro and Chat later. Keep it up buddy 😅😅
2016 RAV4 Hybrid AWD with 122K miles. In my book would only pay $9K besides at auction you don't really know the issues/mechanical failure with the vehicle. Was bought for $13,400 and may have to put $6K prior to reselling then add the dealer profit margin of another $5k. That makes for $24,400 on an 8-year-old vehicle with high mileage for me above 80K miles. See Ya Later. Walk away. In October 2020 bought a Toyota CPO 2018 RAV4 Limited AWD with 17,805 miles for $22,100 at a Toyota dealership was a leased vehicle. 2018 RAV4 Limited AWD had an MSRP of $35K-$36K.
I think the prices most of us are waiting for will happen by the the 4th quarter. Accountants tell the dealers to take the losses on the used ones and the manufacturers 2024 will need a place to go so rebates will continue to increase on new models.
That Corolla will definitely last a long time. My cousin had the same generation and he put over 600K miles on it. The odometer broke so we don’t know what the final mileage was when he got rid of it.
What would be interesting would be to hear your price PREDICTIONS before they go to auction. This is perhaps the best way for your viewers to know if cars are more expensive than you think they should be or cheaper than you expected. It's not a case of being right or wrong. We the viewers do not just know the kelly blue book on all of these vehicles nor how to rate the vehicle in order to reduce or increase the KBB base value.
I'm on the other side of the spectrum. I've been unemployed since June. I am IT professional and have been interviewing on a weekly basis. IT professional market is about 40% lighter than it was last year. So much more competitive to find a job. I have a car payment that I've been trying to maintain but obviously has fallen behind. After three months of unemployment is exhausted most of my reserves that I had saved. Unemployment is $900 every two weeks. So it comes to the point where you decide is it more important to have a roof under my head or do I need to let this vehicle go so I can use this $500 that would go to the car payment to use for food or utilities. At this point to catch up with my payments it might make sense just to get a $2,000 beater vehicle to get from point a to point b. It's definitely a bad situation to be in 🙏
I have the exact same Corolla with the Red Impulse Pearl paint and my clear coat failed about 5 years into ownership. Other than that it has been an excellent commuter and I now have over 350K miles without a single issue other than routine maintenance. I commute to a blue sanctuary city where car thefts and break ins are rampant and the cool thing about having a car with jacked up paint is that no one messes with it. 👍
5-10 years ago I started to notice people working at jobs like McDonald's driving brand new flashy vehicles, while I was driving 10yr+ old vehicles at a job paying about the national median. ....With these repos piling in, it's all starting to make sense now. 😮
@@thystaff742 nah you mean bmw, audi, mercedes, land rovers, and plenty of those cars that white girls drives and get peg by the drivers of chargers and challengers. Keep it 100% don't be picking a certain group when those group don't even make the 1% in cars repos.
@@thystaff742 what I'm saying is the group you identify doesn't only apply only to them. 80% of american population don't even have 1000 dollar in cash save.
@@leeg5678Most people in these 2021-2023 Nissan, Toyota & Hondas are getting repoed too with $900 car payments not just dodge owners because they make most of the vehicle population.
Excellence as always Brando and Alex….. Yes, the prices are still to high for the mileage they have….. still a crap shoot. Good call on the Toyotas , the only car I own and buy. Would love to see more of them with some final sale results. Strong work.
Prices will be coming down more soon. There was a lot of money in people’s pockets w no student loans, government money, and housing skyrocketing w low interest rates. Those rates are gone and student loan payments coming back
I leased a 2020 Malibu 3 years ago from a Chevy dealer. 410 a month for 3 years. Due to financial difficulty I had to take it back 2 months early, car has 19k on it. So I checked the dealer used car website today. They are trying to resell it for 25K, 384 a month for 72 months. I spent about 14k for payments, if they sell it for 25k they will get 39k out of that car. A very nice profit. I dont feel sorry for dealers.
Not like 100k is a lot anymore , all about the maintenance. If nothings really ever done stay away , if there's stuff done , generally fine but my old 3rd gen 4runner is close to 300k and still breaking in lol. Many things are made to last. At least they were .
@carquestionsanswered I love your videos. Too funny to see the truck I recently traded in down there in Charlotte in your video a couple times today. The one you said you wanted to watch go trough at 12:20 was my truck!
What do you think the ripple effect will be for new car sales say a couple years from now when the industry eliminated potential new car sales because all these people gave up their overpriced car to a repo and now cant get financing?
Takes a decade to get your credit back up. And that is if you do everything right. Meanwhile those buyers will be paying credit card levels of interest for used junk.
Prices aren’t coming down and here’s way. The dollar has lost about 20% of its value since 2020. Between 2020-2023 more money was printed than the previous 30 year’s combined. Inflation has caused the dollar to lose its value. So gone are the days of finding a good reliable car under 100k miles for under $5k. Now it costs $8k. Cars with 115-125k miles are going for over $5k is just ridiculous
I don't feel sorry for them. They inflated the market, and now they are dealing with the results. I want a truck, but no way I'm paying 40-45K for a 3 year old truck with 60K miles on it.
Looks like you all were having some fun today--in spite of the heat & (looks like curl-your-hair) humidity! I LOVE Smart Cars--first saw one in Paris years before they arrived here. Couldn't believe how expensive and NOT gas-economical they are. Guy I know got rid of his b/c he sd it was always breaking w/high repair costs. I thought they'd be great for mother earth & if we all changed to small cars there'd be less kids dying in accidents from suvs & trucks...ah well...
Just totally enjoy your vids, and Alex is a cool dude too, I know you don't advertise you're dealership but you should drop some clues, I'd buy from you just out of pure respect 👍💪🇺🇸
Please discuss what you do to re-condition your cars before selling them. For example, do you check all the fluids? Do you check the brakes? Do you check the battery? Do you check all error codes? Thanks.
sounds like a tough business, buying 5 cars a week and making 1-2k on each. But good for you for providing low cost quality cars for the average person on a budget. Would like to see that kind of dealer around here.
I work @ a car dealer auction. Man, it's bad. Hour & ten minute auctions down to 40 minutes. Many cars aren't selling. Only half the normal number of bidders.
we're hitting a crunch point in the market. Banks are sick of the losses on loans and rates are sky high/more selective but cars are still super expensive. Soon there's not going to be enough willing and able buyers.
The Nissan Rouge and Altima will probably need a transmission rebuild soon. Front wheel drive Nissans are atrocious with CVT Automatic Transmissions. Piles of junk. 😵💫😳
One thing I wonder is that in a home mortgage loan you are allowed at least twice depending on the bank to do a re age so if you are 3 months behind you can add that payment balance to the end of the loan so when you are going to pay off you have that balance at the end. I wonder if some banks can allow that on auto loans to prevent some of these defaults. It does not make sense the consumer at the end of the day still needs a car and they will just save up a down payment get a co signer and start a new cycle
Houses are a safer form of collateral, in that they rarely depreciate, unlike a car. Also kicking someone out of their house is a bigger deal than taking back their car.
When I worked for a bank we would allow a borrower to pay the interest only and put that payment on the end of the loan..they were allowed to do this twice a year. Helped prevent some repos but in some cases they just couldn't pay the car loan and sooner or later we would end up repoing the car.
I just bought a 2020 Armada with 66,000 miles because the dealership advertised $24,800. I thought for sure it was going to be bait and switch but they honored the online price. Their website had it listed for $33,000.
Loved the talk back to smart car and fantastic video editing. The new format is great. Scotty Kilmer loves Toyota's what's your favorite brand? 😂 Your humor makes me watch the entire video. 😅
The repos come straight off the tow truck to auction with no middle man unless you pay the auction for a wash and vac. I worked at Manheim and we had repos come in that had full boxes of food from the food pantry still in the rear seat. Very sad
I could re-clear that Toyota. They make a 2k clear now with a hardener on the bottom of the can. Just wet sand 2000 grit the top panels. Spray it. Repeat after it cured and then buff after a day or so. Cost maybe 1500
Another great vid! Gotta wonder why we see so many of the same types/styles of cars at these auctions. Is it ZIP code related? Don't see many newer Hondas, Subarus, Camrys, etc. Lots of the same brand, style & years range of vehicles over time. Or maybe I'm being selective in what I notice? Stay cool, Brandon! NC sun is gonna bring the heat.
They aren’t selling and prices are still high. Msrp have gone up 20% plus since 2020. Screw them. Let them go out of business
My favorite is the Honda Ridgeline... 2019 30k .... same vehicle..... 2023 38k ....
@@ellwoodwolf yep and I’m shopping for a one ton truck and they are 20K or more higher than 2019. I’m not paying that crap.
Some vehicles have gone up more than 20%
All the artificial stimulus has pretty much worked its way out of the system now. All that fraudulent covid money paid out to everyone, in other words. Prices have nowhere to go but down without it.
I've seen some used car prices of ten-year-olds twenty-year-old cars that are now more expensive than they were when they were brand new
Went to a Jeep/Dodge dealership recently and they had the audacity to say "we don't negotiate".....and their lot is packed with inventory.
That is when I say good to know and walk away. Good time saver for everyone.
Ridiculous that they still want to make $10k profit or more per vehicle
@@jorgetech2985 agree
Totally insane 😂😂😂
Are they not negotiating on a sticker deal, or have they already reduced the prices to holding no profit?
I think Alex was smart to stop at $2500 for that BMW. Whoever buys it is buying a money pit.
Old BMWs are a bad buy. They don’t age well.
Money pits😂 Scotty
@@fredh.1255, and because they're also BMW, MINI Coopers are garbage plastic money pits too.
Driving a used BMW is always a nervous ride because the check engine light can come on at any minute
Ticking timebomb after 100K miles. Run the other direction to the nearest Toyota.
Prices may be going down, but they still seem too high. It's a risk when you don't know if a vehicle has been properly serviced.
Theyre still twice as much as they should be.
PRICES HAVE NOT EVEN STARTED TO GO DOWN.
No where have they gone down.. no where near
Prices still need to come way down. These so called wholesale auction prices for crappy looking cars with very high mileage are ridiculous.
I saw a Subaru car salesman get inspired by this channel. He made a video showing the cheapest model of everything they had. He even tossed a shout-out to car questions answered in a positive manner. So back at you Alex.
where can we find that? Thanks
Here is the video Alex did on Subaru... th-cam.com/video/pam20knfHqs/w-d-xo.html
@@carquestionsanswered Thanks🎯
I am liking the new editing format where you go through the car and show the auction at the same time. I know this isn't the first video with this setup, but wanted to let you know it's easier to follow each car this way rather than the old way of looking at all the cars, then watching all the auctions.
I really appreciate you call out the prices as they roll thru. Makes a lot more sense this way than the prices at the end.
Thank you
No problem!
Ye the way he does his videos is great!
We need more of Brandon just berating "Smart Cars" 🤣! Seemed liked a real good deal on that Mercury with only 80k miles.
Who would have thought pricing your cars out of range of the average car buyer would have resulted in you not being able to sell cars. I am guessing the banks must be tired of all the losses on repos and are starting to become real strict in the loans they do grant.
Who would have thought? Everyone thought all the “free” Covid $$$ was great…now hang on for the grenade to blow up in all of our faces!
Banks never lose under fractional lending. They loan money they don’t have and get the property or can right off as a loss. They don’t lose only steal.
I hope so. The only way to clean up this mess is for banks to start only loaning 1/2 of msrp.
Sadly they are still approving loans with 140% loan to vehicle ratio value😅 it’s wild
You think its the dealers? Try massive inflation through the entire supply chain along with no skill workers thinking they deserve 25+ an hour. Hell, the cost of even transporting those cars to the lot has gone up over 50%. Vote Democrat and that's what you get!
I truly hope your business continues to grow and more success comes your way. It'd be great to see your company grow!
Great new format as you bounce between your review and the bidding of each car. I actually watched this entire segment. Thanks, and please keep them coming...
Glad you enjoyed it!
@@carquestionsanswered. Yes, I really like this new fomat myself.
Agreed, quite visually interesting.
The videos are fast moving and not too long. Lots of information is a short amount of time. Brandon does a good job editing to keep it fast moving.
This is your best format on how to do your videos.
Drove by a Carmax yesterday and you couldn’t fit a spare fart in that parking lot- absolutely packed with inventory.
All the dealers need to do - new vehicle dealers in particular - is find more ways to keep the prices going up and the financing going longer! What could go wrong with the formula they have been following the last few years? Love those "market adjustment" stickers where they tack on another $5,000+ "just because they can"..... NOT!!!!
The biggest dealer theft I’ve seen was just over $31,000. That was a ford.
Interesting since you say it was a FORD. In the past the Ford dealers within roughly a 100 mile radius were the worst with their "market adjustment" add ons for nothing. Ford Maverick were in the $5,000 to $10,000 range and F150 started @ $10,000 and saw one for $22,000 about 1.5 years ago. Ridiculous but they found dummies willing to pay ... @@willisswenson3843
Mateket adjustment is just a fancy way of saying gouging the customer. Specially the 300 bucks for fancy air in the tires. Makes me wonder how many are just saying it's got the expensive air when it's just shop air?
I am sure the dealers would love that idea but reality is once the factory warranty runs out the car, will most likely be reposed since the owner probably cannot afford both the repair of the vehicle and the loan at the same exact time. The only solution is for the dealers/manufacturers to lower pricing.
What's that one saying? "Live within yah means". Yeah, don't blame the dealer if ppl are making poor financial decisions.. A time an place for everything.. I already had 2 4runners but purchased a vehicle summer 2020. Top model 2020 Tundra 42k OTD @ the dealership...
Love the energy you bring.
Thanks
Respect the transparency man👍
Hey Brandon , I would have bought that RAV4. I have been looking to replace my 2011 , but the prices are too dang high! Thanks for taking us along and thumbs UP!!👍
Looked at a rav 4 51,000 miles 2 owners 2020 rusted wheels and underbelly nearly bald tires tan interior looked rough. No trade in offered. Only asked 1 question out the door price please. They took $1000.00 off lol $32.000 Rode hard and put away wet
Carmax offered me $64.83 for my '85 Dodge Aries K. Screw that,I'll hold on to it for another decade.
Runs and drives f-em until the wheels come off
@DonnielSeymour ...well,the wheels did fall off, but I used ACME lugnuts at time
Great content as always! REPO RUN was funny as well as conversations with a toaster. Had a blast watching and Mrs RKS had the extreme giggles.
Glad you enjoyed it!
Great editing on this one, I appreciate the time you took to show off the exterior interior of the car at the same time it was going through auction! That really helps keeps the condition of these vehicles on mind when they are rolling through!
great editing --- good job!!!
Thank you!!
I was waiting for my ride at the Seattle, WA cruise terminal and saw many newer large SUV’s, Suburbans, Escalades being driven by Uber drivers for bigger fares. I’m speculating these rigs and a lot more were financed and they gotta drive them into the ground to make payments and support themselves. I can’t imagine being beholden to a $800 or $1000 car payment plus insurance, maintenance, gas. Crazy what we do to make money. I will not spend more than 30K for a rig now as that was the amount I paid in 2008. Will not buy a new rig ever again. Under 20K will be my future budget. Cash no financing.
We need Brandon to do a story on Shelby Nissan scandal . Those Nissans at that auction might have bad titles from Shelby.
Yes, I’ve heard about this scandal!
@@TrBr-zr7ec Just think about all those salvage vehicles they sold at 3 times the value !
24k for that Jeep is crazy
There’s some aging 30s divorcee somewhere who thinks her bare legs still look good and has dreamed about owning a no-door Jeep ever since high school.
Wish there was a dealer like you where I live. People need those 3 - 4000 cars .
Having this much fun is not allowed in the used car business.🤗
Even Auction prices are insane!!! 122k miles for almost 15k?? Sheeeesh!!
I would like to see you show how much 2011-2014 Ford F-150's, 2012-2015 Ford Explorer's, 2011-2014 Honda CR-V, 2011-2014 RAV4's, 2010-2014 Chevy Silverado's go for at the auctions you go to. Just wanting to see what these go for in your State.
F150’s? A lot. Retail in some cases. Explorers, bad reliability so not much, CRV’s high as a kid, and Silverado’s are the truck of choice on the region, so prices are well above average wholesale. Retail in some cases.
@@onnu2001 We have good luck with 2013-2014 Explorers with the 3.5 V6.
@@gobbler1957 engines are great, trannies are hit and miss. Not worth the gamble if you are the one financing.
Enjoy watching your content, funny and educational at the same time 🤙
The Mercury Sable might not have been the best looking car you bought but I think it was the best deal you made
Like this new format showing the critique of the car as it goes through the auction. I'm sure it's more editing but it works.. Thanks
Hi Brandon. Jesus there's some nice Cars there. That Wrangled is very Cool lol. Nice Colour. I cant believe most of them are Repos. Lovely Denali. Nice Weather over there Brando. It's Pissing rain over here in Ireland lol 😅😅. Your leaving your mess up's on Camera which is Great and very funny lol. Great Video again bro and Chat later. Keep it up buddy 😅😅
2016 RAV4 Hybrid AWD with 122K miles. In my book would only pay $9K besides at auction you don't really know the issues/mechanical failure with the vehicle. Was bought for $13,400 and may have to put $6K prior to reselling then add the dealer profit margin of another $5k. That makes for $24,400 on an 8-year-old vehicle with high mileage for me above 80K miles. See Ya Later. Walk away.
In October 2020 bought a Toyota CPO 2018 RAV4 Limited AWD with 17,805 miles for $22,100 at a Toyota dealership was a leased vehicle. 2018 RAV4 Limited AWD had an MSRP of $35K-$36K.
Why does it need 6K in work?
Enjoyed this format once again .Looks like you guy's cleaned up on your selections.
Glad you enjoyed it
Entertaining on a hot day in Lubbock!
I think the prices most of us are waiting for will happen by the the 4th quarter. Accountants tell the dealers to take the losses on the used ones and the manufacturers 2024 will need a place to go so rebates will continue to increase on new models.
That Corolla will definitely last a long time. My cousin had the same generation and he put over 600K miles on it. The odometer broke so we don’t know what the final mileage was when he got rid of it.
What would be interesting would be to hear your price PREDICTIONS before they go to auction. This is perhaps the best way for your viewers to know if cars are more expensive than you think they should be or cheaper than you expected. It's not a case of being right or wrong. We the viewers do not just know the kelly blue book on all of these vehicles nor how to rate the vehicle in order to reduce or increase the KBB base value.
I'm on the other side of the spectrum. I've been unemployed since June. I am IT professional and have been interviewing on a weekly basis. IT professional market is about 40% lighter than it was last year. So much more competitive to find a job. I have a car payment that I've been trying to maintain but obviously has fallen behind. After three months of unemployment is exhausted most of my reserves that I had saved. Unemployment is $900 every two weeks. So it comes to the point where you decide is it more important to have a roof under my head or do I need to let this vehicle go so I can use this $500 that would go to the car payment to use for food or utilities. At this point to catch up with my payments it might make sense just to get a $2,000 beater vehicle to get from point a to point b. It's definitely a bad situation to be in 🙏
I have the exact same Corolla with the Red Impulse Pearl paint and my clear coat failed about 5 years into ownership. Other than that it has been an excellent commuter and I now have over 350K miles without a single issue other than routine maintenance. I commute to a blue sanctuary city where car thefts and break ins are rampant and the cool thing about having a car with jacked up paint is that no one messes with it. 👍
How did you wash your car just curious
5-10 years ago I started to notice people working at jobs like McDonald's driving brand new flashy vehicles, while I was driving 10yr+ old vehicles at a job paying about the national median. ....With these repos piling in, it's all starting to make sense now. 😮
@@thystaff742 nah you mean bmw, audi, mercedes, land rovers, and plenty of those cars that white girls drives and get peg by the drivers of chargers and challengers. Keep it 100% don't be picking a certain group when those group don't even make the 1% in cars repos.
@@thystaff742 what I'm saying is the group you identify doesn't only apply only to them. 80% of american population don't even have 1000 dollar in cash save.
@@leeg5678Most people in these 2021-2023 Nissan, Toyota & Hondas are getting repoed too with $900 car payments not just dodge owners because they make most of the vehicle population.
@@ricktofen Yea, I know but his comment was toward a particular race when the majority of the debt is not from them.
@@leeg5678 definitely was trying to stereotyoe 😂
Excellence as always Brando and Alex…..
Yes, the prices are still to high for the mileage they have….. still a crap shoot.
Good call on the Toyotas , the only car I own and buy. Would love to see more of them with some final sale results.
Strong work.
I really like the way you are doing the videos now. Love the bloopers and humor makes me laugh. Keep the good info coming about the car market
Glad you like them!
Prices will be coming down more soon. There was a lot of money in people’s pockets w no student loans, government money, and housing skyrocketing w low interest rates. Those rates are gone and student loan payments coming back
I leased a 2020 Malibu 3 years ago from a Chevy dealer. 410 a month for 3 years. Due to financial difficulty I had to take it back 2 months early, car has 19k on it. So I checked the dealer used car website today. They are trying to resell it for 25K, 384 a month for 72 months. I spent about 14k for payments, if they sell it for 25k they will get 39k out of that car. A very nice profit. I dont feel sorry for dealers.
Still amazes me that 100k+ mileage vehicles are selling for what they are.
Yeah crazy
Pure rip offs
If idiots are willing to pay absurd prices, wouldn't you take their money, too?
Not like 100k is a lot anymore , all about the maintenance. If nothings really ever done stay away , if there's stuff done , generally fine but my old 3rd gen 4runner is close to 300k and still breaking in lol. Many things are made to last. At least they were .
@@bobhadababyitsaboy581I’m not paying over 6k for anything with 100k miles.
Your new format is funny and witty, video editing is awesome! Definitely worth watching til the end. Keep up the good work.😅
Mia glad to see you guys buying cars to sell
Thank you sir!! Always love your content. Very honest and down to earth.
I find it hilarious that you wont show your bald spot😂😂 Are there a lot of cars going to a phone call?
Good Afternoon 😃🌞
👋
@carquestionsanswered I love your videos. Too funny to see the truck I recently traded in down there in Charlotte in your video a couple times today. The one you said you wanted to watch go trough at 12:20 was my truck!
I see a lot of people driving golf carts. The Smart car is cheaper and when you take the doors off and add dingle balls it's perfect!
Still way high of prices on used cars.
Even worse if you have to finance said car.
What do you think the ripple effect will be for new car sales say a couple years from now when the industry eliminated potential new car sales because all these people gave up their overpriced car to a repo and now cant get financing?
Very Slow Growth for years to come.
Takes a decade to get your credit back up. And that is if you do everything right. Meanwhile those buyers will be paying credit card levels of interest for used junk.
They'll always be able to buy at a "buy here pay here". Those places just cycle the repo's through multiple times.
Always enjoy watching your videos, one quick question, I never see you checking the vehicle history like accidents, does it not matter on used cars?
Hope all goes well for you guys. Great video, enjoyed watching.
Prices aren’t coming down and here’s way. The dollar has lost about 20% of its value since 2020. Between 2020-2023 more money was printed than the previous 30 year’s combined. Inflation has caused the dollar to lose its value. So gone are the days of finding a good reliable car under 100k miles for under $5k. Now it costs $8k. Cars with 115-125k miles are going for over $5k is just ridiculous
I liked the edit of this video. Those used American car prices still blow me away.
With your pricing it would make the drive from south texas worth it to pick up a car from you.
Awesome to watch your channel grow so fast! Thank you!!
I feel sorry for the dealers who sold $45k tucks for $70k and now have no customers.
And not for the chumps that owe 66k on a truck that is worth 40k
I don't feel sorry for them. They inflated the market, and now they are dealing with the results.
I want a truck, but no way I'm paying 40-45K for a 3 year old truck with 60K miles on it.
Why you feel sorry for them?
Sarcasm
Looks like you all were having some fun today--in spite of the heat & (looks like curl-your-hair) humidity! I LOVE Smart Cars--first saw one in Paris years before they arrived here. Couldn't believe how expensive and NOT gas-economical they are. Guy I know got rid of his b/c he sd it was always breaking w/high repair costs. I thought they'd be great for mother earth & if we all changed to small cars there'd be less kids dying in accidents from suvs & trucks...ah well...
Just totally enjoy your vids, and Alex is a cool dude too, I know you don't advertise you're dealership but you should drop some clues, I'd buy from you just out of pure respect 👍💪🇺🇸
This is really interesting. How do you as the buyer have any idea of the maintenance history?
Dealerships keep service records. Some manufacturers give deals if you agree to have all maintenance done in-house.
Good video! When the Smart cars first came out, my daughter said "It's so tiny!". I told her that you get the other half when you pay it off......
50 grand for a truck that’s crazy
What did the toaster (Smart Car) go for? 😆
Love your videos man! My sister is looking for a decent used car. I may be reaching out to you later in the year.
Man I have a super old car I have a 1995 Lexus ES300 with 110,000 mi on it purrs like a kitten!!!! The paint job leaves something to be desired for
All that matters is she purrrrs!! :)
That Toyota paint from the ‘90s to mid ‘00s left a lot to be desired!
Please discuss what you do to re-condition your cars before selling them. For example, do you check all the fluids? Do you check the brakes? Do you check the battery? Do you check all error codes? Thanks.
sounds like a tough business, buying 5 cars a week and making 1-2k on each. But good for you for providing low cost quality cars for the average person on a budget. Would like to see that kind of dealer around here.
Love that you are talking to the cars Brandon and getting a workout on your videos 😎😎👍👍🤔🤔🤣🤣🤣👏👏👏👏👏
Great video. You're getting pretty good with the format.
I work @ a car dealer auction. Man, it's bad. Hour & ten minute auctions down to 40 minutes.
Many cars aren't selling. Only half the normal number of bidders.
Great auction video, you had me laughing today. 👍🏻
Long time viewer, I appreciate the updated format
we're hitting a crunch point in the market. Banks are sick of the losses on loans and rates are sky high/more selective but cars are still super expensive. Soon there's not going to be enough willing and able buyers.
Been looking for a new work truck. Dealer had one said in sale loaded at 71k. Out of their mind
Please tell me you literally laughed in his face
This is what happens when the average new car is around the same as the national annual wage
Truth!!!
That 2006 Civic...those things had issues with the engine block cracking bc they weren't cured properly at the factory. Be careful on that one.
does that mean they didn't have to do recalls & replace them, or did it happen after the warranties were up? Thanks
We are seeing dealer discounting off of MSRP without even having to ask and used car prices on dealer lots seem to be coming way down.
“You’re a toaster”!!! Omg!! I LOVE IT!! You are the MAN!!!!
The Nissan Rouge and Altima will probably need a transmission rebuild soon. Front wheel drive Nissans are atrocious with CVT Automatic Transmissions.
Piles of junk. 😵💫😳
One thing I wonder is that in a home mortgage loan you are allowed at least twice depending on the bank to do a re age so if you are 3 months behind you can add that payment balance to the end of the loan so when you are going to pay off you have that balance at the end. I wonder if some banks can allow that on auto loans to prevent some of these defaults. It does not make sense the consumer at the end of the day still needs a car and they will just save up a down payment get a co signer and start a new cycle
Houses are a safer form of collateral, in that they rarely depreciate, unlike a car. Also kicking someone out of their house is a bigger deal than taking back their car.
When I worked for a bank we would allow a borrower to pay the interest only and put that payment on the end of the loan..they were allowed to do this twice a year. Helped prevent some repos but in some cases they just couldn't pay the car loan and sooner or later we would end up repoing the car.
I just bought a 2020 Armada with 66,000 miles because the dealership advertised $24,800. I thought for sure it was going to be bait and switch but they honored the online price. Their website had it listed for $33,000.
Very true. Well explained.
Glad you liked it
OMG it looks like Alex smokes that "
" GreenSticky weed " you guys definitely have a lot of auction fun.....
Will you have a closing theme music like Lucky Lopez? Minus it resembling a Best Buy TV Demo.
I'm not cool enough to have theme music
YOU GET A REPO, AND YOU GET A REPO! AND YOU GET A REPO.....!
Another great job. Thanks.
Thanks for showing me the auction.
No problem 👍
3:15 "What even happened to you? Did you get hit by a squirrel?"
"You shut up when you're talking to me!"😄
Loved the talk back to smart car and fantastic video editing. The new format is great. Scotty Kilmer loves Toyota's what's your favorite brand? 😂 Your humor makes me watch the entire video. 😅
Why don't dealers at least vacuum out a car before taking it to auction?
The repos come straight off the tow truck to auction with no middle man unless you pay the auction for a wash and vac. I worked at Manheim and we had repos come in that had full boxes of food from the food pantry still in the rear seat. Very sad
I could re-clear that Toyota. They make a 2k clear now with a hardener on the bottom of the can. Just wet sand 2000 grit the top panels. Spray it. Repeat after it cured and then buff after a day or so. Cost maybe 1500
Another great vid! Gotta wonder why we see so many of the same types/styles of cars at these auctions. Is it ZIP code related? Don't see many newer Hondas, Subarus, Camrys, etc. Lots of the same brand, style & years range of vehicles over time. Or maybe I'm being selective in what I notice? Stay cool, Brandon! NC sun is gonna bring the heat.
A lot of humor today. Thank you. You so smart!
Brandon to Smart Car: "You're a toaster!"
Smart Car's horn honks.
Brandon: "Hey--no backtalk!"
If he's talking smack to a Smart car, he better do the same to any Tesla.
I can still fill up my Smart Car from empty for $30.00. Try that with your Jeep or Silverado.