10 New Cars You'll Lose ALL Your Money On

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  • เผยแพร่เมื่อ 19 ต.ค. 2024

ความคิดเห็น • 362

  • @highbrass7563
    @highbrass7563 ปีที่แล้ว +13

    Thank you so much for your excellent and thoughtful car content. I appreciate every new upload. I have said it for a year and still mean it. Your videos are so well done, you have true and important perspectives every time. Happy to catch this video and I absolutely hope you have a great day. Thanks again for your professional content. Thank you Mark!

    • @ECPP
      @ECPP  ปีที่แล้ว

      I really do appreciate your support and I love sharing experiences and knowledge with viewers like like to watch. I know I help many and I certainly try to make content better and better. Hope you are also having a wonderful weekend. Cheers and chat soon.

    • @highbrass7563
      @highbrass7563 ปีที่แล้ว +1

      @@ECPP Thank you so much for your reply. I absolutely do hope you have an excellent weekend. Your content most certainly helps a tremendous amount of people make educated decisions making car choices. It's great that their are kind people like you who have the grander publics interest. Thanks a whole lot and I absolutely look forward to more amazing Content. Thanks Again Mark!

    • @cyberImperfection
      @cyberImperfection ปีที่แล้ว

      @@ECPP
      *0:35** 🤣🤣🤣🤣🤣*

  • @bobsebring2819
    @bobsebring2819 ปีที่แล้ว +94

    I never bought a car with the idea of reselling it. They become my babies and I become emotionally attached to it. Especially, when you build so many memories with that car.

    • @ECPP
      @ECPP  ปีที่แล้ว +6

      I agree Rob, I am also not one who generally flips cars every 2 or 3 years. If it’s a total heap like my 335 I don’t get too attached but for the most part we keep outs for 5-10

    • @seikocitizenwatches
      @seikocitizenwatches ปีที่แล้ว +8

      My car is my best friend and my pet. I bought the 1985 Toyota Supra and kept her for 23 years still runs great without having to rebuild anything at 300k miles when it was time to part for something with utility and seating capacity. I bought the 2005 Toyota Sienna to haul 4 kids around and hundreds of road trips. Kids have grown up, graduated and have careers but the Toyota Sienna is still running flawlessly like new at at 330K miles. Only major components needed replacement were alternator, starter, rack and pinion, timing belts, cylinder #5 igniter, catalytic converters.
      Because of car shortage, I plan to keep this Toyota Sienna indefinitely until cars become cheap and plentiful again like before the year of 2021.

    • @jimmycain8669
      @jimmycain8669 ปีที่แล้ว +3

      That’s me got six from 1993 to 2015. Not interested in selling any of them. My dogs ain’t for sale either.

    • @Jac735
      @Jac735 ปีที่แล้ว +1

      Yeah I had my 98 civic for ten years with 387,301 miles it still drove when I sold it it was my mom's idea because supposedly I was Nicole and dimming the car not to mention moddong the car it was a daily but I realized a few years later I was glad I sold it no Bluetooth it was but I got the radio installed in 2012 so all these apps were not really popular yet so it wouldn't be compatible than a got a 2013 hyundai veloster was a nice car but it turned into a hunk of junk fast after 4 years at 142,591 the engine crashed on me needed to get a new one and it wasn't worth it so now I have a yaris I'm keeping this car till the wheels go off

    • @jayc4715
      @jayc4715 ปีที่แล้ว +1

      That's dumb .unless it's a classic

  • @sunnyskiesblue
    @sunnyskiesblue ปีที่แล้ว +23

    Very true, Mark. My Toyota is still worth what I paid for it almost 2 years ago now.

    • @ECPP
      @ECPP  ปีที่แล้ว +2

      Really can’t go wrong with that. Cheers

  • @charlesrockwell3923
    @charlesrockwell3923 ปีที่แล้ว +11

    Bought my 2015 S550 AMG with 20k miles on Mercedes CPO for $61k in 2018 with a 4 year warranty. Since the car originally listed for $137k I would say some of your depreciation schedules are very optimistic. Quite a few of these cars sell for less than you are suggesting, ESPECIALLY if you are talking about the trade in value. But yes, the S550 has proved an expensive car to own and repair. Next time I will get a Lexus.

    • @tonyluk112
      @tonyluk112 ปีที่แล้ว +1

      They drive totally different! 😄

  • @hughb5092
    @hughb5092 ปีที่แล้ว +14

    Great work as always Mark! Keep saving us money and heartaches.

    • @ECPP
      @ECPP  ปีที่แล้ว +4

      Thank you very much. I will certainly try to help. Cheers

  • @bballah9969
    @bballah9969 ปีที่แล้ว +19

    Mark keep up the good work.
    Quality content as always love this channel!

    • @ECPP
      @ECPP  ปีที่แล้ว +2

      Thank you so very much. Hope you are having a great weekend.

    • @ashy7550
      @ashy7550 ปีที่แล้ว +1

      What good work??! Just a bimmer hater

    • @bballah9969
      @bballah9969 ปีที่แล้ว +1

      @@ECPP
      Your welcome and thank you

    • @bballah9969
      @bballah9969 ปีที่แล้ว +3

      @@ashy7550
      Me or the channel are hating? I like the bimmers, but let's be honest and put things into perspective for the money your paying you expect better quality. Bmw reputation and track record speaks for itself enough said.

  • @KaiPonte
    @KaiPonte ปีที่แล้ว +5

    Great video! I often used the depreciation of BMWs as a lesson to my kids for why buying property is an investment but buying a car isn't. Liked the Expedition. You know, the Excursion diesels are still going for $25000 (US) even twenty years later. Can't imagine standing out in snow like that. Brrr!

    • @ECPP
      @ECPP  ปีที่แล้ว

      Thank you. Wry much for sharing

  • @emiliog.4432
    @emiliog.4432 ปีที่แล้ว +10

    Car manufacturers: If you can’t dazzle’em with brilliance, baffle ‘em with bullshit. The 70’s era Jag XJS was pretty nice but I guess nothing will ever be the same. It feels like we’re paying more and getting less and less

    • @ECPP
      @ECPP  ปีที่แล้ว +3

      Absolutely true Emilio. It feels like cars are getting to the point where even an economy car are getting too expensive to buy for many and sadly the value is not always there. Lots of tech but mostly cookie cutter electrics that’s not worth 10 cents to the dollar if you had to pay for the upgrade. Ur BMW subscription services. It’s an exciting time but also the calm before the storm. Time will tell, but many of the older cars really are gems.

    • @theodoreyoung8777
      @theodoreyoung8777 ปีที่แล้ว

      @@ECPPAgreed that’s why I Love my 2006 Lexus LS430 so solid and smooth never getting rid of mines 😍🥰💎😎🤝

  • @henryhill3778
    @henryhill3778 ปีที่แล้ว +5

    Mark... As USUAL...Such and Awesome vid!!! Just cracks me up... Thank YOU !!!
    My 4 adult boys constantly tell me the GREAT Deals on Range Rovers... I keep telling them... You buy one, Don't CRY to me, cause on those I WILL Say ..."I TOLD YOU SO!" And BMW??? Love "You name it it'll fail!" and"Two arms & 3 Legs!) LMAO!
    The Alfa Romeo front grill is a throwback to the Edsel.

    • @ECPP
      @ECPP  ปีที่แล้ว

      Haha, thanks Henry. I love making these types of videos. You are also right that there is a reason certain vehicles are affordable after warranty is gone. I have also loved that world, but the fact is either being a strong DIYer with many great tools or a very deep set of pockets, lol. Thank you so much for the support. Cheers

    • @henryhill3778
      @henryhill3778 ปีที่แล้ว +1

      Absolutely LOVE the start of your vids!

  • @greymark420
    @greymark420 ปีที่แล้ว +14

    The more i have watched you channel Mark, the more i am glad that i drive Japanese.

    • @ECPP
      @ECPP  ปีที่แล้ว +1

      Reliable is always a win indeed.

    • @wsu8568
      @wsu8568 ปีที่แล้ว +1

      Life is too short to drive boring cars 😂

    • @theodoreyoung8777
      @theodoreyoung8777 ปีที่แล้ว +1

      Agreed bro I own a 2006 Lexus LS430 so relaxing and fun to drive everyday whether when going to work or vacations I’m never getting rid of my Big body Lexus sedan 😍🥰💎😎🤝

    • @greymark420
      @greymark420 ปีที่แล้ว

      My FK8 is four years old 46000 on the clock. Set of wiper blades, rear pads and two tyres that's all I paid for. Boring definitely no one of the best handling cars I have ever driven. Reliable definitely yes. Next car Civic EHEV I live in the UK. Really impressed with comfort, performance, handling comes with a lot of toys. Reliable that's a given.

  • @billnye5183
    @billnye5183 ปีที่แล้ว +8

    I have my bmw but I plan on keeping it and I even got a second job as Uber eats so on my days off I can make extra money!! In case anything needs fixed, Growing up I didn’t have much and this is the first nice purchase I’ve ever made and I wanna keep it even if the value does go down it’s worth the V8 start up I have no regrets

    • @ECPP
      @ECPP  ปีที่แล้ว +1

      Right on! Which model did you buy?

    • @billnye5183
      @billnye5183 ปีที่แล้ว +1

      @@ECPP I bought the 2015 650i m sport package with the N63TU it’s been driving good so far but the oil consumption is crazy lol no leaks tho either but gotta pay to play I guess

  • @jordanking6939
    @jordanking6939 ปีที่แล้ว +5

    A luxury car usually stays in the market longer before a major redesign. The goal is the sweet spot where the new car is not as old, but still exciting to drive. The BMW 4 series F33 (2014-2020) can be purchased for $17,000 (60,000-80,000 miles vehicle) with a 3rd party extended warranty. The truth most of the population going to buy a vehicle in the 2nd hand market where the luxury vehicle is old and starting to show its problems. This is why people lease vehicles

    • @ECPP
      @ECPP  ปีที่แล้ว +1

      That’s true a 3 year old car with an extended warranty purchased as a CPO can be great value and at a reduced buy in this taking away a large part of the depreciation

  • @erniestarkey8856
    @erniestarkey8856 ปีที่แล้ว +9

    Great video Mark. I own 2017 S550 and am lucky I can do my own repairs. Just went out of warranty. Parts for any of these vehicles are not cheap. I am lucky enough to be able to do the work. I love my S class Mercedes. You are right; once someone owns these kinds of vehicles it's hard to go back to regular autos. Maintenance up keep is a must when buying luxury vehicles and that is where most people are at fault. Thanks again for great video.

    • @ECPP
      @ECPP  ปีที่แล้ว +2

      Thank you very much Ernie. Yes indeed, they are costly to run but the DIY is one great way to afford them.

  • @pjb9425
    @pjb9425 ปีที่แล้ว +8

    Great video man. Range Rovers have become unreliable, wouldn't venture very far from the city with that car.
    And BMW, my my, they have been riding the downward slope for some time now. There are early eighties 2002's still buzzing around, that's when BMW still knew how to make reliable cars.

    • @ECPP
      @ECPP  ปีที่แล้ว +3

      You are right. BMW sort of lost their way. It seems like the most recent offerings are a little better but time will tell.

    • @user-tb7rn1il3q
      @user-tb7rn1il3q ปีที่แล้ว +3

      BMW reliability has gone way up recently. They are almost as good as Toyota and better than all the other Asian cars.

    • @48hourrecordsteam45
      @48hourrecordsteam45 ปีที่แล้ว

      Those 2018 seem to be fairing well

    • @michaelschwab9563
      @michaelschwab9563 ปีที่แล้ว

      🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂 That was Great

  • @TonyDo
    @TonyDo ปีที่แล้ว +3

    Good video! Honestly, for me car depreciation rate is one of my last thoughts. I love cars and spend a lot of time in them for work. Of course I know cars depreciate in value and some more than others, but I'd rather spend money on a car I LOVE than half of that on a car I don't that's more "reliable" and "depreciates less".

    • @ECPP
      @ECPP  ปีที่แล้ว

      True and for my daily drivers it matters a lot but for my toy Saturday hotrod, that’s the price to pay so depreciation is less of a concern

  • @theyjustwantyourmoney4539
    @theyjustwantyourmoney4539 ปีที่แล้ว +2

    The used S Class, BMWs and Jaguars are good project cars if you're a trainee mechanic, you're guaranteed a long list of repairs for good experience.

  • @davidholmes1771
    @davidholmes1771 ปีที่แล้ว +5

    Get it, Mark. Drop that Knowledge big brother.

    • @ECPP
      @ECPP  ปีที่แล้ว +1

      Thank you, will do indeed.

  • @drew6116
    @drew6116 ปีที่แล้ว +2

    Well done and spot on! Let the wealthy take the hit. My neighbor buys used Mercedes all the time for his family. They buy mid to higher end models when they are down to $10-20k range and drive them for years, til they break or get wrecked. They don't end up having to spend a ton on them either. Meanwhile drive beautiful roadworthy, safe cars for not big money.The other side, is like what I did buying a 2008 Jag XJ 2 yrs old for just over 1/2 the sticker price , in 2010, with a terrific warranty. Still have it!

  • @nycupperes
    @nycupperes ปีที่แล้ว +3

    I knew you were going to pick a 7 series. However, what if you’re a person who buys the deprecated vehicle at a great deal? I recently paid $45k for a 2019 BMW 740xi long version with the B58 engine, a $95k MSRP. It was CPO until August 2024. I paid $6k to extend the CPO wrapper warranty out to August 2016. That over 4 years without worries and the car will still sell for over $30k in 4 years, so I can recoup much of my original purchase price, but I do plan on keeping. You need to mention to let the dealer take the hit on the Lease, then purchase.

    • @ECPP
      @ECPP  ปีที่แล้ว

      Yes that’s a great buy on a wonderful car. The V8 engines get to be a mess after a few years but that B58 is the heart and should be solid for a bunch of years. Overall a great buy.

  • @mohammadal-abbasi7247
    @mohammadal-abbasi7247 ปีที่แล้ว +5

    Hey Mark,
    Can you please advise on at what point do you decide to sell a car that is costing you too much to maintain?
    Because your always hoping “this will be the last fix” and it just digs you deeper and deeper in cost

    • @drew6116
      @drew6116 ปีที่แล้ว +3

      If you have to ask, it's time to sell. Enjoy the experience of owning an Asian car, with little trouble.

  • @stephendibari5010
    @stephendibari5010 ปีที่แล้ว +6

    Haven’t watched this yet but I can predict anything German (except Porsche), especially BMW !! I’ve said this before many times, they’re empty money pits after 50k miles and/or 5 years old. I’ll watch later to see if my prediction is correct

    • @user-pd8bk4ei1h
      @user-pd8bk4ei1h ปีที่แล้ว +2

      correct 🤣

    • @ECPP
      @ECPP  ปีที่แล้ว +1

      Haha, thanks, it’s definitely worth the watch.

    • @stephendibari5010
      @stephendibari5010 ปีที่แล้ว

      @@ECPP finished watching it. Sure enough BMW was the worst car in the long run. Great video. Enjoyed it

  • @2Cruz808
    @2Cruz808 ปีที่แล้ว +2

    Thank You! Previous 760i Loved It! Oil Leaks & Then Some! What A Nice Drive Though

    • @ECPP
      @ECPP  ปีที่แล้ว

      You bet

    • @48hourrecordsteam45
      @48hourrecordsteam45 ปีที่แล้ว

      When. You get oil leaks, you fix it 🤷🏾‍♂️ 😂 I’m just saying

    • @2Cruz808
      @2Cruz808 ปีที่แล้ว +1

      @@48hourrecordsteam45 It was fixed and among other problems; However, a family w/ a young son is more important than a 760i especially a 2005. Now that I’m about to retire going for a 2017 to 2021 760li low mileage. I was looking for the 2013 Special 25th edition. I’ll just go for the updates will see in 2023.

  • @bghoody5665
    @bghoody5665 ปีที่แล้ว +2

    Great video, great advice. If anyone really wants one of these cars, they should lease, not buy.

  • @Shadobanned4life
    @Shadobanned4life ปีที่แล้ว +2

    Thank You for another great video ! You explain things well and you keep things moving along,this video was enjoyable,informative,and interesting . Bravo !

    • @ECPP
      @ECPP  ปีที่แล้ว

      Thank you very much Chad, I try to bring education and some humour to the vids. Have a great weekend.

  • @AndrewGibson22
    @AndrewGibson22 ปีที่แล้ว +2

    I tend to wait until something I like hits rock bottom then buy just before they start to appreciate. That softens the blow of maintenance. I just bought a high spec 6 cyl 2007 BMW E92 coupe for £2500 with just 95k and regular oil changes. It also helps when your cousin is a BMW senior technician 😉

    • @ECPP
      @ECPP  ปีที่แล้ว +1

      That is a really affordable way to go indeed

  • @thomashelm6931
    @thomashelm6931 ปีที่แล้ว +4

    A shame about the Range Rover. Elegant car. The inexpensive resale cost, even at 3 years, is a red flag. I'll stick with a Toyota 4Runner. Same with the BMW. I've been looking at the Jaguar F type more. The F type R is holding value, when, arguably The four and six-cylinder models are not.
    911s are ridiculous.
    Good video Mark!

    • @ECPP
      @ECPP  ปีที่แล้ว +1

      Thanks Thomas. Yes the 4Runner is a great reliable rig and worth driving a long time. The 911s are getting silly but it seems more at the lower cost cars. It seems the newer ones are closer to where the prices should be but 996 and 997 cars were getting silly this year. I did notice even my F Type took a big hit and I got a great deal as a result since I bought it a couple years old. New was 130 and I bought for about 75 CAN. Now prices are holding well so the future may say something else but it seems like the sweet spot is an R or SVR and getting it at about 2-3 years old and buy the extended warranty for piece of mind.

    • @thomashelm6931
      @thomashelm6931 ปีที่แล้ว

      @@ECPP I agree with those observations. Thoughts on the six cylinder supercharged? That's about the price point I have. The R type is still a bit high if I want anything within 3 years.

    • @drunvert
      @drunvert ปีที่แล้ว +2

      Range Rover is also a plastic fantastic shit box w great looks

  • @zefolantar
    @zefolantar ปีที่แล้ว

    Living in Winnipeg, I love seeing the snow in your videos. Plus I always look forward to your “catastrophic engine failure” line…..it’s truly EPIC in my books. Couldn’t agree with you more regarding these piece of crap money pits. But….unfortunately most people don’t do their homework when they spend their hard earned cash on vehicles. Your channel sure helps that aspect of vehicle shopping. We have a 2021 Subaru Outback XT with the new 2.4L Boxer Turbo engine and really love it. Subaru’s Symmetrical All Wheel Drive is one of the best, and apart from me not being the biggest fan of CVT’s, Subaru makes their own and it’s one of the better CVT’s out there. The engine is the gem, though. Smooth & quiet with power to spare.
    Thanks again for all you do. Great videos! Happy New Year from Winnipeg 🎉👋👍

  • @isaachunt5799
    @isaachunt5799 ปีที่แล้ว +4

    basically any
    MERC
    BMW
    AUDI
    VW
    RANGE ROVER
    .avoid all the above and you'll be ok lol. buy any old crap as a daily driver and have a special car for summer. we have a nissan leaf as our daily and i have gen6 camaro ss summer car.

    • @ECPP
      @ECPP  ปีที่แล้ว

      For sure great approach. A special car is great for those nice evening drives or those special events but the grind is better suited with a beater such as an older truck.

  • @stevegrennan5419
    @stevegrennan5419 ปีที่แล้ว

    I can't argue that AR stelvios depreciate. I bought an 18' stelvio ti sport. Never regretted it. The only thing I regret is buying an extended warranty. Which I haven't used and signs point to won't ever need to use it. I have 60k miles on it, haven't spent a dime. Dealership is top notch customer service. Got with 30k miles on it. Previous owner had no problems. It is not only solid as a rock, I feel it is more reliable than my forester 16'. Thanks for noticing the depreciation. Also thank you for not joining on the bandwagon which is knocking alfa romeo through 1985 lenses. I didn't see anything bad in the first 60k miles. Please don't knock alfa romeos reliability. Everyone knocks it, 0 of those people have put considerable miles on a AR car. I challenge you to get a ti sport or qv. I wouldn't buy one new. I would get one used, just like you and I would.

  • @toraw4tv1
    @toraw4tv1 ปีที่แล้ว +1

    Dope vid homie! Much love from Columbus Ohio

    • @ECPP
      @ECPP  ปีที่แล้ว +1

      Thank you very much, hope you are having a great weekend. Thanks for the support

  • @stephenbaumhauer2593
    @stephenbaumhauer2593 ปีที่แล้ว +1

    Thanks for this video. Very helpful for the guy trying to buy a great car but doesn’t have much knowledge about the actual quality or ability to maintain value over time. You seem to defer to Lexus a lot as an alternative. Do they just make a great product across the board, in your opinion?

  • @Vincent-ke5zn
    @Vincent-ke5zn ปีที่แล้ว +2

    I'm with you on that, I'll get the Acura MDX also, they look great and will last forever

    • @ECPP
      @ECPP  ปีที่แล้ว

      Thanks

  • @xxzmk
    @xxzmk ปีที่แล้ว +7

    Alfa Romeo have very weird quality control issues. I sat in a newer gen of Giulia and the dashboard literally rattled and the glove box fell off at first try of opening it at car presentation from Alfa Romeo

    • @ECPP
      @ECPP  ปีที่แล้ว +2

      Ouch. That’s awkward.

    • @williamblaney904
      @williamblaney904 ปีที่แล้ว +2

      Chrysler 'quality.'

    • @GixxerRider1991
      @GixxerRider1991 ปีที่แล้ว +1

      Italian cars have always been very hit or miss in that way. Why anyone would want an Italian SUV though is beyond me. If I was going to buy any Alfa, it would be the 4C Spider.

  • @polygamous1
    @polygamous1 ปีที่แล้ว +1

    Of all the cars on your list my soft spot is the Jag n I bought one in the mid 60s a very old one by them days standards as they used to rust n deteriorate a lot more than today, everything was horrendously expensive from the fuel consumption to parts n maintenance in the end I learned a very valuable lesson n never bought another expensive car unless you are a high end earner its really totally mad to buy a car like that But it was Brilliant to drive

    • @ECPP
      @ECPP  ปีที่แล้ว +1

      They are great indeed, albeit not perfect but wonderful nonethelss

  • @oc5515
    @oc5515 ปีที่แล้ว +3

    Last month I bought a 2018 bmw m4 and I plan to keep it for life. It’s the most expensive car I have bought.

    • @ECPP
      @ECPP  ปีที่แล้ว +1

      I had an M4 Competition a few years ago and it was an amazing machine. Is your DCT or manual?

    • @oc5515
      @oc5515 ปีที่แล้ว +2

      @@ECPP It’s a dct. Why did you sell it and what year was yours? Was it reliable?

    • @ECPP
      @ECPP  ปีที่แล้ว +3

      The dealer lent it to me for a long term review so I did not have it for very long but it was flawless and I loved it. The only issue I had was a tire pressure sensor. Those cars can have carbon buildup and the infamous crank hub, but otherwise they are fairly solid. With higher miles I know coolant leaks and oil leaks may happen, but stay on top of that and you will be fine. Still one of the best true driver cars in this price point.

  • @Rosso488
    @Rosso488 ปีที่แล้ว +1

    These cars you show are really nice though. I do agree with this list and I appreciate your time in these videos however mentioning Lexus and Acura a lot for alternatives while these brands good in terms of resale and known for longevity they are so boring and uninspiring it can make you sick. I’d buy a Mazda over those two brands. Also people who are buying these cars really don’t care about resale value too much. I bought an Alfa Romeo Stelvio because I like it and it fits my personality regardless of the cost of owning it. People should realize that if they can’t handle the resale value or if they are on any kind of budget or have any kind of debt they shouldn’t own cars like these anyway.

  • @streetfightertutorial
    @streetfightertutorial ปีที่แล้ว +4

    If I had to choose one of these ( after they depreciate) I'd pick the Ford to drive it until the wheels fall off.

    • @ECPP
      @ECPP  ปีที่แล้ว +1

      Likely be a little lower for operations costs than many of the others

  • @betl5982
    @betl5982 ปีที่แล้ว +6

    Yes but the front grills on Lexus are so ugly! I will never a Lexus.

    • @ECPP
      @ECPP  ปีที่แล้ว

      Cheers

  • @Canadian_Gamer
    @Canadian_Gamer ปีที่แล้ว +3

    "You throw a 100k at something and may only have 20-30k left after 5 years!!" That's the Canadian dream Mark, didn't you know? Canadian's love to take on massive debt, trade in their cars after 2-3 years while still owing thousands on existing car loans. It's all about keeping up with the Joneses.

    • @ECPP
      @ECPP  ปีที่แล้ว +3

      Haha, for sure, for sure, for sure, upside down on loans is pretty common these days. The next shiny thing is what people get attracted to and they drop the last.

    • @norm379
      @norm379 ปีที่แล้ว

      All you can do with these looser vehicles is to trade back for another vehicle of the same kind.

  • @OpenEyeAutomobile
    @OpenEyeAutomobile ปีที่แล้ว

    0:32 That was wild! My soul left my body in few milliseconds.

  • @Mariazellerbahn
    @Mariazellerbahn ปีที่แล้ว

    5:12 They love it for its Edsel-esque grille over 50 years too late.

  • @robertorgg137
    @robertorgg137 ปีที่แล้ว +2

    Hello is the Lexus NX300h any good ?
    I like it, is it reliable or do you suggest other Lexus suv over it ?

    • @ECPP
      @ECPP  ปีที่แล้ว +1

      Yes fairly reliable indeed but I would personally go non hybrid. Either way, a solid vehicle.

  • @JohnJohnson-dv1ds
    @JohnJohnson-dv1ds ปีที่แล้ว +3

    I always buy the end of the model run BMW Series. My favorite is the one year old loaner cars. First the new model is coming out…discount. Second, BMW has worked out all the issues on that model run. It’s typically loaded, I prefer non M models bc the tires are all the same size and they’re not too low…curb rash. My latest 2016 535i has 70k miles with zero issues. Rides like a freight train down the interstate, has ride control when you want to get frisky. Love the good looks and driving pleasure. Worth every penny.

    • @ECPP
      @ECPP  ปีที่แล้ว

      That can certainly work indeed

  • @andrewharris9302
    @andrewharris9302 ปีที่แล้ว +2

    Years ago I bought a Toyota Tacoma base model for $16,000 I put 100,000 miles on it and sold it for 16,500 lol 😂

  • @theodoreesawjr.8352
    @theodoreesawjr.8352 ปีที่แล้ว +3

    Great Presentation!!!

    • @ECPP
      @ECPP  ปีที่แล้ว +1

      Thank you very much

    • @theodoreesawjr.8352
      @theodoreesawjr.8352 ปีที่แล้ว

      @@ECPP You’re welcome.

  • @bryancarlson3673
    @bryancarlson3673 ปีที่แล้ว +6

    ALL vehicles are nothing more than depreciating liabilities! That said, purchase a 5 - 10-year-old Toyota Corolla, pay cash! The money you save in repairs and depreciation will allow you to retire early!

    • @ECPP
      @ECPP  ปีที่แล้ว +5

      But eating cat food in a Ferrari is fun, lol.

    • @maiyang2106
      @maiyang2106 ปีที่แล้ว +5

      Life's too short to drive boring cars 😌🫠😍

    • @bryancarlson3673
      @bryancarlson3673 ปีที่แล้ว +1

      @@maiyang2106 Only if you have a GIANT EGO to feed!

    • @maiyang2106
      @maiyang2106 ปีที่แล้ว +3

      @Bryan Carlson lmao no, but life really is too short LOL

    • @bryancarlson3673
      @bryancarlson3673 ปีที่แล้ว

      @@maiyang2106 We have countless lives and reincarnate if we so chose.

  • @ericdolby1622
    @ericdolby1622 ปีที่แล้ว +1

    Best used cars video for price. But not reliability.

  • @donwalton2578
    @donwalton2578 ปีที่แล้ว

    I have a 13 lx570. I'll keep it forever hopefully. I'll never want a different vehicle. Absolutely the best.

  • @arildhansenlarsen5243
    @arildhansenlarsen5243 7 หลายเดือนก่อน +1

    I want to bye f30 330e 2017 mod with only 60000km.what about your opinon on that model petrol hybrid

    • @ECPP
      @ECPP  7 หลายเดือนก่อน

      Awesome

  • @042766
    @042766 ปีที่แล้ว

    Cars are not "investments" like property or stocks for the most part unless you are buying a collectors car. Yup there are a lot of lemons out there but my Honda crv had for 11 years at 125k miles and the bottom is rusted out so you never know what your going to get even with a so-called great low cost good value brand like Honda. Looking to step into entry BMW x1 and will probably get extended warranty and hope to keep 6-8+ years with minimal costs and just enjoy it for what it's worth. Not everything is a trade off of what is the most value I can squeeze out of something as opposed to just "living and enjoying"(if you can afford it). I do agree with the cars on these reviews that they are bad so keep up good work - if I do go the route of new x1 please review but looking to get that 6-8 years plus out of it. Thx

  • @InvestWithRishi
    @InvestWithRishi ปีที่แล้ว +2

    Hey Mark
    I’m confused, I want to buy my first fast car, don’t wanna over extend, want something in the 40k to 50k range used, preferably V6 or V8.
    Don’t want a money pit as I know I won’t be driving it much. What would you suggest?
    How about Nissan 370?
    I’m not a car guy so would love to hear your advice ❤
    Based here in hamilton Ontario

    • @ECPP
      @ECPP  ปีที่แล้ว +1

      In that range I would buy a manual V8 Camaro or Mustang as they are fun and manual is interesting and while they are not as reliable as a Lexus, they are reasonable

    • @InvestWithRishi
      @InvestWithRishi ปีที่แล้ว +1

      @@ECPP great will test drive those two, tnx Mark :)

  • @isaac198428
    @isaac198428 ปีที่แล้ว +1

    When I see 25 yr olds working at fast food restaurants and warehouses buying or driving a used 7 yr old Mercedes/Audi/BMW with 70-160 miles on the dash, I laugh because they have no idea what’s in store as the vehicle starts breaking down out of warranty and the payments are stretched for 6-8 yrs with crazy interest rates but low monthly payments knowing they’ll end up getting repossessed and the drivers with bad credit dodging collection calls.

  • @tsepanglebata5550
    @tsepanglebata5550 ปีที่แล้ว

    Thank you so much for informing and educating us

  • @kribar96
    @kribar96 ปีที่แล้ว +3

    some cars are worse than others, but i wouldn't say losing 50% of its value is very abnormal when in normal use.

    • @ECPP
      @ECPP  ปีที่แล้ว +1

      Thanks but 40 % vs 60% is a fair amount of cash and that is just compounded by high maintenance costs and repairs.

    • @kribar96
      @kribar96 ปีที่แล้ว +1

      @@ECPP that's true

  • @713vinh
    @713vinh ปีที่แล้ว +2

    Stay clear and far away from BMW as you possibly can. Yes they are nice but they break easily and often and the cost of repair is outrageous!

    • @ECPP
      @ECPP  ปีที่แล้ว +1

      Very true! Lease or short term ownership at most

  • @davidcleverley4700
    @davidcleverley4700 ปีที่แล้ว

    I love this channel.

  • @EliteTuner
    @EliteTuner ปีที่แล้ว

    What about a bmw m4 xdrive. Are they good cars do they hold their value?

  • @shashankshekhar2611
    @shashankshekhar2611 11 หลายเดือนก่อน

    great video, Japanese cars usually hold a better value and I know they are not fancy like the ones in the video, I am selling my Mazda 3 I got in 2018 for 32K in Canada for 25k in 2 weeks :)

  • @Doc1855
    @Doc1855 ปีที่แล้ว

    We keep our vehicles for 12-18 or more years. As long as they stay reliable, we keep driving them.
    The money we’ve saved by Not buying a new vehicle every year, we’ve invested into real estate / rental properties.

  • @nejc3
    @nejc3 ปีที่แล้ว

    How do you recommend Mazda series 3 (2021-22 )for a 22 year old guy who needs his first car and prefers quality materials over performance and is on a budget?

  • @gregkistner1955
    @gregkistner1955 ปีที่แล้ว +1

    So so expensive to fix all these modern cars and suv's its insane!

    • @ECPP
      @ECPP  ปีที่แล้ว

      Yes

  • @daewooparts
    @daewooparts ปีที่แล้ว

    🤣 Audi is such a endless moneypit, years ago my friend bought a brand new Audi A8L,spent over 90K & it broke down so many times in 4 years including the audio head unit ,suspension issues ,multiple module failures, airbag recalls ,he got tired of that he gave it to me for free , I promptly sold it & it got exported to Albania .....wanted nothing to do with this moneypit, still got a extra new driver's side airbag for it

  • @Tommy_Irish
    @Tommy_Irish ปีที่แล้ว +1

    Great video again.

    • @ECPP
      @ECPP  ปีที่แล้ว +1

      Thanks again!

  • @leshawnwalker8439
    @leshawnwalker8439 ปีที่แล้ว +2

    2004-2005...Bentley Continental GT W12. Your thoughts..pls!

    • @ECPP
      @ECPP  ปีที่แล้ว +1

      Yes, yes, yes, but need a big budget for maintenance. Beautiful cars indeed

    • @leshawnwalker8439
      @leshawnwalker8439 ปีที่แล้ว +1

      @@ECPP What seems to be the maintenance problems?!!!

  • @shazhusssain1738
    @shazhusssain1738 ปีที่แล้ว

    Very informative and interesting 👍

  • @eddie-xi6ls
    @eddie-xi6ls ปีที่แล้ว +1

    I see you're in Western Canada. Don't you think you should differentiate between warm weather areas and cold weather ones. I live in California and drive Audi A8's and have had several
    Lexus cars through the years without any problems. My cousin who lives in Edmonton, Alberta had to replace the water pump on his Lexus at 80,000 miles. Unheard of in California.
    And don't get me going on electric vehicles and cold weather.

    • @ECPP
      @ECPP  ปีที่แล้ว

      Haha, that’s fair. Extreme cold does take a toll on cars.

  • @Junkyardnedreck
    @Junkyardnedreck ปีที่แล้ว +1

    GM having lifter issues is not new……. 😂😂😂😂😂 been making small block V8’s for 70 yrs, still haven’t figured out the lifter/rocker engineering

  • @phil4208
    @phil4208 ปีที่แล้ว +1

    These cars are all hat and no cattle , imagine buying one of these beauties and it gets totaled on the way home , unless you have the proper insurance your still going to owe on it and the biggest scam in car selling history is how cars depreciate as soon as you drive it off the lot , hey i like how Toyota changed the look of the prius and upped the engine hp , I don't live in Buffalo but 3 hrs away, some areas got 70 inches of snow , the bills are supposed to play in Detroit, If they got out in time , thanks for the info, I hate throwing money away

    • @ECPP
      @ECPP  ปีที่แล้ว

      Thanks for sharing Phil, I agree, I don’t like throwing cash away either, if I feel the value is not there . For fun Saturday night drives warrants a soeci car and that’s an investment for my mental health. Otherwise dailies should be low impact, lol. Yes quite the snow down east right now. Stay warm

  • @GarryBurgess
    @GarryBurgess ปีที่แล้ว

    It seems that the main problem with these manufacturers is that they are unable to create a reliable engine and transmission. Maybe the simplicity of an all EV car will improve their reliability in the future, since they are pretty good at creating beautiful car bodies and interiors?

  • @williamegler8771
    @williamegler8771 ปีที่แล้ว +3

    All vehicles depreciate unless it's exotic supercar and even some of those depreciate.
    If you don't want to lose a lot of money from depreciation don't buy a luxury vehicle.

    • @mikefoehr235
      @mikefoehr235 ปีที่แล้ว +2

      My 20 Tundra has appreciated about 20% since new. Toyota really hold their value.

    • @williamegler8771
      @williamegler8771 ปีที่แล้ว +3

      @@mikefoehr235 Goody Goody for you...
      Not everybody wants a Toyota.
      A 2020 Toyota Tacoma is worth 63.5% of it's original value after five years and 60k miles.
      They depreciate more slowly than a lot of other vehicles but they still depreciate.
      The only reason car sell at or above MSRP it's because of the current shortages of new and used cars.
      When the market stabilizes a lot of used cars are going to drop like a bomb including Toyota.

    • @mikefoehr235
      @mikefoehr235 ปีที่แล้ว

      @@williamegler8771 Is that right. Weird that the brand sells the most on the planet...dead heat with VW. I Understand it's hard for you because you are an @$$whole

    • @ECPP
      @ECPP  ปีที่แล้ว +2

      Yes they do but some are a lot worse than others

    • @48hourrecordsteam45
      @48hourrecordsteam45 ปีที่แล้ว

      These people plan to drive their boring car when they enter Heaven .! 🤷🏾‍♂️

  • @bballah9969
    @bballah9969 ปีที่แล้ว +8

    Lexus for life! 🤣

    • @ECPP
      @ECPP  ปีที่แล้ว +1

      Nice

    • @theodoreyoung8777
      @theodoreyoung8777 ปีที่แล้ว +1

      Yup bro never getting rid of my 2006 Lexus LS430 😍🥰💎😎🤝

  • @ericdouglas8337
    @ericdouglas8337 ปีที่แล้ว +1

    Could you please do a video on the Honda Legend/Acura RL

    • @ECPP
      @ECPP  ปีที่แล้ว +1

      Great cars

  • @danjenkins2064
    @danjenkins2064 ปีที่แล้ว +2

    I wish that either the Japanese car companies would hire German designers or the German car companies would hire the Japanese manufacturing engineers and quality control team.

  • @GixxerRider1991
    @GixxerRider1991 ปีที่แล้ว

    When you're buying a high end vehicle, the depreciation is something you have to be willing and able to simply live with, realizing that it's the cost of doing business and having your dream machine. If you're worried about trade in values on cars like these you're shopping in the wrong price bracket.

  • @christianhertzberg664
    @christianhertzberg664 ปีที่แล้ว

    What you think about the mercedes cla 200 sedan 2019?

  • @jetblack82
    @jetblack82 ปีที่แล้ว +1

    Lmao I got so offended when you insulted my Qx80 then I realized I bought the limited top of the line one for under 25k used last June, so yeah they don’t hold value but they’re reliable and I think they are nice, the interior is nicer than my co workers Navigator

    • @ECPP
      @ECPP  ปีที่แล้ว +1

      I would agree with the nice part, compared to a Ford product much better indeed.

  • @pabloc968
    @pabloc968 ปีที่แล้ว

    Another option for the money 💰 and also nice suv, the VW atlas v6 4tronic

    • @ECPP
      @ECPP  ปีที่แล้ว

      Thanks

  • @phillyguy178
    @phillyguy178 ปีที่แล้ว

    Love the videos bro👍🏽

    • @ECPP
      @ECPP  ปีที่แล้ว +1

      Thank you very much

    • @phillyguy178
      @phillyguy178 ปีที่แล้ว

      @@ECPP you are more than welcome.

  • @xxzmk
    @xxzmk ปีที่แล้ว +4

    Benz lose money immediately because generally right now they are overpriced new anyway.

    • @isaachunt5799
      @isaachunt5799 ปีที่แล้ว

      yep. you'll wave goodbye to 10k soon as you drive it away..fool and his money are easily parted lol.

    • @xxzmk
      @xxzmk ปีที่แล้ว

      @@isaachunt5799 Lets say it like this though: In Germany no one buys an S-Class. Its rather an company financed vehicle with tax advantages or a leasing vehicle with tax advantages. After about 30k km on the mileage the car goes back to the dealer and has a rest value of about 50-70% of msrp.

    • @ECPP
      @ECPP  ปีที่แล้ว

      Yes that is part of it, same as many luxury cars

  • @gwats19577
    @gwats19577 ปีที่แล้ว +1

    I drove my GX460 through a snow-covered field today... It handled as well as my FJ Cruiser or my Taco...😁😁😃😃😃😃😃

    • @ECPP
      @ECPP  ปีที่แล้ว +1

      Awesome rigs

  • @RobertRafai
    @RobertRafai ปีที่แล้ว +1

    Why cars have summer tires on when it's snow outside.?

    • @ECPP
      @ECPP  ปีที่แล้ว

      Nice

  • @qwertyzxcv123
    @qwertyzxcv123 ปีที่แล้ว

    The last 5 is very accurate. Basically disposable cars.

  • @Goodlive600
    @Goodlive600 ปีที่แล้ว

    Thank you, good video.

  • @iamgermane
    @iamgermane ปีที่แล้ว +1

    That Alfa Romeo is going to be the Dodge Hornet - made in Italy!?!?

    • @ECPP
      @ECPP  ปีที่แล้ว

      Yes indeed, Italian style

  • @Quisqueyax
    @Quisqueyax ปีที่แล้ว

    Is all about economy. If you can afford to buy luxury cars every 4 years you don't think too much about depreciation. On the other hand, if your income is too tight, you will get a toyota for the next 13 years or maybe more time. Some people just lease a mercedes for 2 or 3 years.

  • @xxzmk
    @xxzmk ปีที่แล้ว +4

    What do you think about the Genesis G70 / G80 with the either 4 or 6 cylinder petrol / diesel engines ?

    • @mikefoehr235
      @mikefoehr235 ปีที่แล้ว +4

      Korean cars are better but not as good as Honda and Toyota

    • @ECPP
      @ECPP  ปีที่แล้ว

      Exactly

    • @Jac735
      @Jac735 ปีที่แล้ว +1

      @@mikefoehr235 learned the hard way and bounced back to Japanese car but some Japanese cars aren't so good neither like mitsubishi and some Subaru Nissan as well

  • @mikepetrilli4686
    @mikepetrilli4686 ปีที่แล้ว

    A Jag really! Year after year, Jaguar ranks well below the industry’s average in terms of vehicle reliability according to J.D. Power. In 2020 and 2021, it even appeared in the top three worst car brands. As for the Consumer Reports magazine they give it a predicted reliability rating of 2 out of 5. What are the problems with them? Just the transmission, the engine (including the cooling system), the brakes and the suspension. The electronics also tend to act up, especially the displays and the multimedia system. Other than that they are fine...lol And you wonder why people are giving them away on the used car market...I wouldn't walk away from a Jag...I WOULD RUN!

    • @ECPP
      @ECPP  ปีที่แล้ว

      Haha, indeed but after owning many brands, my Jaguar is actually no more or less reliable than BMWs I have oqned

  • @trevorsutherland5263
    @trevorsutherland5263 ปีที่แล้ว +2

    A car is an expense, not an asset. Even a Porsche 911 will depreciate if you drive it a lot.

    • @ECPP
      @ECPP  ปีที่แล้ว +1

      That is true indeed

  • @sirusmay5614
    @sirusmay5614 ปีที่แล้ว +3

    Love your humour

    • @azmike3572
      @azmike3572 ปีที่แล้ว +1

      At 2:00 I thought we might hear, "You could've invested that 30 grand in FORD stocks!"

    • @ECPP
      @ECPP  ปีที่แล้ว

      Haha true

    • @ECPP
      @ECPP  ปีที่แล้ว

      Thank you very much

  • @drunvert
    @drunvert ปีที่แล้ว +2

    I would take that s450 in a heartbeat

    • @ECPP
      @ECPP  ปีที่แล้ว +3

      Absolutely much nicer than a 7 series

  • @ronaldboodram6466
    @ronaldboodram6466 ปีที่แล้ว +1

    I like how the first time he says depreciation it’s infront of jaguar cars

    • @ECPP
      @ECPP  ปีที่แล้ว

      haha, nice

  • @rokagreddy8766
    @rokagreddy8766 ปีที่แล้ว +2

    You definitely need a Toyota/Lexus as your backup if you own one of these vehicles lol

    • @ECPP
      @ECPP  ปีที่แล้ว

      Cheers

  • @boiseaudio
    @boiseaudio ปีที่แล้ว

    what dealer are you at - please - i see a car i want to buy

  • @your_royal_highness
    @your_royal_highness ปีที่แล้ว

    What car new can be sold with almost no depreciation after five years? I mean…not an exotic in limitation production, but a normal car, luxury, non-luxury etc

  • @elroz1675
    @elroz1675 ปีที่แล้ว +3

    Ah, BUT it is an Audi. Something you could love - and get frustrated by and get pissed off at. But days and years driving an Audi or BMW are so rewarding aesthetically and dynamically, vs a Japanese car, might be worth it. Especially given the Lexus policy of making ugly freaks.

    • @ECPP
      @ECPP  ปีที่แล้ว +4

      You bet. The balance must be there. That’s why I say life’s too short to drive boring cars

    • @elroz1675
      @elroz1675 ปีที่แล้ว

      @@ECPP Indeed!
      and you had the full experience with the BMW a few times over. I have a 2015 Q5 and it is giving me some anxiety at 101k miles with the usual...but it looks and drives darn good. I've seen many of your videos on the BMWs, but still I'd be excited (though nervous) to get one (used).

    • @zsb707
      @zsb707 ปีที่แล้ว

      @@elroz1675 Q5 is a boring vehicle. I've had an A6 quattro sedan for 13 years; it was boring but loved it. Along with the A6 I also owned a 6 Series coupé which was fun. Back in 2019 I moved away from A6 to an XF, which is also fun to drive.

    • @elroz1675
      @elroz1675 ปีที่แล้ว +1

      @@zsb707 for me its looks, and some of the driving was much more enjoyable than many Japanese options.

    • @robocop581
      @robocop581 ปีที่แล้ว +1

      @@elroz1675 I bought a used 2013 Q5 two years ago. It now has 93K km. I rented brand new Honda CRV and KIA Seltos during my vacation and they don't compare to the Audi.
      As for issues, the Q5 loses some oil but not that much, 3/4 liter every 10K km but that's the time I get the oil changed. The other niggling issue I have is the temperature sensor. I get a zero reading from time to time but other than that the Q5 runs great.

  • @richardalolino4518
    @richardalolino4518 ปีที่แล้ว

    I really love your Show!!…

  • @raymondreiff8170
    @raymondreiff8170 ปีที่แล้ว +2

    Alfa looks like an open Wallet in the front 🤣.

    • @ECPP
      @ECPP  ปีที่แล้ว

      Haha, it really does.

  • @drivingthebeast9101
    @drivingthebeast9101 ปีที่แล้ว +1

    Q5 2017 Tdi?

    • @ECPP
      @ECPP  ปีที่แล้ว

      Cheers

  • @makatkplt
    @makatkplt ปีที่แล้ว

    I need to know the car you’d fight me for. Lol. I’d want that one…
    Typically I’m an M5 guy

  • @gilbertjubinville
    @gilbertjubinville ปีที่แล้ว +1

    That infinity depreciation 45% off 2 year leases!!

    • @ECPP
      @ECPP  ปีที่แล้ว

      Nice