Spending several trillion more than you take in every year has a tendency to create inflation.. If you are on Wall St no big deal.. If you're working a person then you and your family are screwed.. Keep voting for these damn insane liberals.
Yep. And those that waaaay overpaid for cars that are currently collapsing in value are waaaay upside down, and CANNOT purchase a new car for several years.
No car payments here, and if I have anything to say about it, I'll never take out a car loan ever again. It's a good thing to learn to be content with what you have. Cars are not worth the financial trouble they get people into just because they have to drive the newest and nicest cars. I'm out of financial slavery, and I'm not selling myself back into it.
@@roman9762 sir I make good money, and I do even better without having stupid debts like car loans. You can be making a six figure income and debt will still kill you. Everything I have is paid for, even my house, and I'm incredibly thankful for that. It's nice not having that dumb payment due every month, even if it's $200-$500.
i tried buying a basic model and the dealer said we don't get many of them, but we have these much nicer ones here. i said call me when you have a basic one otherwise i don't want any of your luxury crap.
The American dream used to be: Affordable standard size house, Kids, Dog, occasional vacations, Save for retirement, Affordable car every 10 years, Going out to dinner once a week, all with 1 income earner while spouse tends to house and kids. This how I grew up as genX. This dream is completely dead.
Mines a 2008, only need to get some minor work done to it right now. Plan on driving it until 2036 hopefully. New or used vehicles are a rip off these days. Never had a car payment in my life to date, I plan on keeping it that way.
The average person has never been so poor. Millions of families are struggling financially as living expenses hit the highest levels in more than four decades. Over 60% of our country lives paycheck to paycheck and about 40% earns poverty wages. Even after working all their lives, more than a quarter of older people have no savings and many believe they will never be able to retire in dignity, while around 55% of elderly people try to survive on an income of less than 25,000 a year.
This seems like the worst period.Even the markets are very unpredictable.started investing recently when the market prices were a bit high,today i am more than 60% down
Having an investment advisor is the best way to go. Based on a direct encounter with a CFP named Julia Hope marble, I can say with certainty that their skills are excellent. She helped raise over $580,000 in 18 months from an initially stagnant portfolio of $150,000
The most angering part of all this is…. Their big greed caused this and when they start to buckle and go under, they won’t use all those profits to stay afloat, they’ll get our TAX MONEY for another bailout.
It's also the fault of people who took the bait and didn't make smart financial decisions on their vehicle purchases. You don't have a seller without a buyer, and the buyers foolishly borrowed above their means to purchase these very expensive and overfluffed vehicles. Shame on us all
Pfttt.... Bail out is so old school!!! Let's send 200 billion to Ukraine, Israel and Taiwan. !! Most of it minus the small comissions to local scamsters will come back to the US MIC which will then invest in foreign tax havens 😂😂😂
@@brianasbury8315 that’s another part of the equation people don’t take into account. My son graduated high school a couple years back and at NO POINT, did they school or offer basic business class alternatives for basic financial literacy. It’s almost like they wanted them dumb. Dumb people don’t question. Dumb people follow. Dumb people aren’t capable of wise informed financial decisions.
Not this time. The dealers will not get a bailout. The federal government cannot afford to bailout business while the government is financing two wars.
@@FocusedHands , yup, then insurance and gas. Heavens forbid if you have a diesel. So maybe close to $2000 k a month, specially if you have a long commute 🤔
Depends from usage. I lease an inexpensive Hyundai Elantra every 3 years for 8k, which would cost $24k for 9 years. As we all know after 9 years it's time to change many parts. The reason this works for me, is because I only drive 2k miles per year (yes that little) and return it under 7k miles, therefore they give me a discount toward the next lease.
its great holding your own vehicle titles but as they age, and start to require more parts and maintenance, unless you can do all your own work, they will eventually lose their value and unless you are retired, work from home or can walk to work or take public transportation you will need another car.
Can’t believe people actually bought vehicles during the high prices and rates. Americans don’t make good financial decisions. Now the repo man gets to do his work. I don’t feel sorry for the dealerships Untamed. Karma is a bitch. What goes around comes around
I just bought an e-bike. I work 3 miles away from my place. I have been taking Lyft everyday. I had a Audi rs5 with 5 payments left I was in a huge accident. Dealer been blowing me up to get back into my 4th Audi rs5. I told them no! If I can step out the market so can anybody. Please people do not accept these horrific terms.
@@brianasbury8315 Well 85% of all new car loans are financed, and only about 10-15% are able to pay cash on the barrel for a new car. So, guess the expensiveness of a car loan is not detering people who need to get to work somehow?
@@hermanmunster714Because it has become mainstream for people to live outside their means. It’s become far too “normal” for people to shop only thinking about the monthly payment and how much vehicle they can “afford” rather than focusing on the total price of the vehicle and what vehicle is best for them. Too many Americans continue to fall into this trap of needing to have a fancy new vehicle and are willing to pay more than they can afford, so dealers/manufacturers continued to raise prices as people kept paying which has been part of the reason we are in the situation we are today.
I’m glad I’m not the only one mentioning how Toyota is saving tons of money from building the Tacoma in Mexico and not a single penny of those savings is being passed onto the consumer. Quite the contrary, Toyota is hiking prices despite cutting costs.
Exactly, we should boycott these companies when they take good paying jobs out of Canada and the US and then hike prices while paying $3/hour to Mexicans who can’t afford the vehicle they are making.
If it makes you feel any better most Americans can’t afford to purchase a new Toyota, let alone Taco. Their demand is outrageous and supply is purposefully limited to create high pricing.
And the quality of cars built in Mexico is absolutely horrendous. I love to listen to Scotty Kilmer rant about it all the time... Built in Mexico = Zero Quality
@@UntamedMotors I'm with you- going to keep the GX and the Escalade like I told you last week for the time being while all of this shakes out. We've decided to never sign a note for a car loan ever again.
When I bought my Acura MDX in 2004 for $37,000.. I told the dealer that I was going to drive it till the wheels fall off....I told them I only make $37,000 salary for the entire year and can't afford to buy a new auto every few years !! I had a trade in and down payment saved etc. I literally drove it to 350,000 miles and sold it to a family member in 2017,, and was still running good , now has 400k !!! I bought a new car in 2017 (for long commumtes ) and bought a new Honda Ridgeline last year in 2023 .. and told the salesman I was going to drive it forever. I want to visit every state with it soon. If you take care of an automobile it will take of you and just find an honest mechanic .
No one should be making major purchases at this time if you can't realistically afford it. Eliminate debt. Fill a room in your house with food and emergency supplies before buying what you don't need.
@@paulaarchuleta8684 Did you read what I said or read into it what you want to ? Filling a room with food does not eliminate home grown food nor does it suggest filling it with stale old crap. Reading comprehension for some now days is also running scarce.
Not all debt is bad as long as what you buy appreciates more than you're paying an interest in my opinion people need to stop saving and start investing their money most of the money in America went to shareholders. Are Roth IRA is one of the easiest and best ways to save money and in an emergency you can always withdraw your contributions tax free. The S&P 500 is up more then 30% from 1 year ago
Suffered some of this just two days ago at a dealer. A Rebel without all the available features was $82k out the door but at least it still had the Hemi. The new Ram Hurricane engines requires body off frame to access the rear turbo and three local repair shops I contacted don't do that, so you're stuck with the dealer. During the test drive all I wanted to do was turn on the seat heater and it took multiple laggy presses to get it to work, my eyes were off the road too long. $82k and it didn't even have a sunroof which my current 2011 truck has so I said screw it, I'm driving this thing until it dissolves around me and I'll spend part of that $82k on an old used 4.0 I6Jeep that I could light on fire and would still run. Dealer didn't even care when I left and the truck's been on the lot for 62 days.
You take money from year +2 & +3, have fun bathing in 🍾 then year 2 & 3 arrives & you wonder why people are broke & can't buy... Economy is a balance act & every excess is paid by consumers & tax payers. Will the lesson stick this time? I'm not betting on it.
Or like unwise people who took out expensive car loans to buy expensive cars they couldn't afford. The dealerships don't take the entire blame here. The buyers are just as much to blame because of their irresponsible and foolish financial decisions. $1000/month for a stupid monthly car payment? Seriously? Maybe we're starting to get wise. I sure hope so. Let their overpriced cars deteriorate and rust on their lots. Let banks pay the price for lending money to foolish people living way above their means. The gravy train's gonna end. I just hope sooner rather than later.
so the greedy buyers who are never content with what they have and must always buy more bullshit they don't need are blameless, and the dealers that give them the bullshit they don't need are the problem? got it.
@@demri123 I guess my previous reply got lost? 23 yr old is a suburban and 16 yr old is a Hyundai Elantra with manual tranny. Both have been very reliable.
And don’t fall for the scams online either. They’ll list for 60k at 1.9 apr for 72 months-you walk in and they say “Well if you want the 1.9apr you have to pay sticker at 67k. If you want the incentives at 60k the apr is around 7.9.” Total BS!!! Walk! Don’t take those gimmicks!
I will never have a 1000 a month auto loan. When my current $492 a month loan (pre-"covid supply chain") is done it will be the last NEW vehicle I own, if that is what it takes. The industry can burn to the ground before I pay +1000 a month.
I'm with you, my payment is $419 and It's way higher than I used to get. The SUV isn't even new it's a 2019. I had it a couple years already though. I'll never go for the new super-debt system too smart for that.
Down here in South Florida when hurricane Ian came through so many vehicles were damaged and flooded. People ran out and paid top dollar with market adjustments for whatever they can get their hands on. I feel so bad for those people because they’re brand new vehicles they purchased are going to be upside down. And dealerships were happy to move their inventory at that time.
@@jarad0714 Based on what I've seen here on TH-cam about Florida, and south Florida it seems people need to be just about a millionaire to even think about living there. So I'll stay where I'm at in Virginia.
One word: "Greedflation". The pandemic was an EXCUSE for so many companies to raise prices...under the guise of "supply chain issues". Total BS. As you said we need to vote with our pocket book.
Bingo - best comment on here from someone that actually passed high school economics. This is truly 600 Corporations vs. the working class 600 Corporations meet in davos. Same corporations fund indirectly and directly and partially via NGO’s: The FDA WHO NIH WEF Those entities then push for a shutdown and boom - a giant wealth transfer of > $3 Trillion from the working class to the losers who couldn’t get a date in high school. They planned to cause inflation so that assets held by the working class would be sold off on the cheap as people hold onto survive Oh and don’t forget that it wasn’t an accident that small businesses were deemed “non essential” but all the big corporations got cheap money from the federal reserve as well as increased market share. Finally big tech colluded to silence anyone speaking up about any aspect of the scam because it’s “one big club” Really the main issue we have here are losers who have i satiable greed and also are apart of a malthusian cult that is hell bent on destroying the lives of billions while now hiding behind cli mate change bs… If that doesn’t work then they’ll go with destabilization via wars and open borders… If only MOMMY gave these losers a hug as kids… because at the heart of it all are a buncha losers with unresolved MOMMY issues
I went to a Toyota dealer in Northeren Virginia today who was actually open on a Sunday. I was looking for a lease on a '24 base Tacoma as a second hand vehicle. They wants 0 out of pocked 48 month lease for $688 a month. LoL - I just got up and walked out, didn't even say anything as I laughed.
Wow $688a month on a Tacoma that dealership should do comedy yes the Tacoma is reliable but they not worth no $688 month at all let it stay and deteriate on the lot
I have no debt and neither should you. Concentrate on eliminating any debt you have and banking the rest. When you walk by a car dealership with 100k pickup trucks it is a great time to burst out in laughter! Who needs any of it if your vehicle gets you wherever you need to travel. This whole world is upside down and not in our favor. If you cant pay cash for it then you can;t afford it.
In 1970 average new car purchase was 20% down, and 36 mos note at 11.5%. Today, the average term of the note has grown tremendously. Most middle class budgest cant afford 20% down and 36 mos. with interest on 40k and 50k car notes. Common now are (75% all new car purchases) at 48-60 mos. Some even 72-84 mos. The longer the contract, the lower the monthly payment but the more you will pay in interest. My firm belief is that the car companies are in cahoots with the deregulated bankers, and everyone but the consumer wins. You can only squeeze so much blood from a rock and because real wages, when COL factored in, have not kept pace consumers are having to finance. Wages have actually dropped since the late 1970s, buying power has tanked. So there will always be some folks who are willing to take on the longer notes or even lease as a last resort. As for the used car market, it has become more like a secondary new car market and unless someone can walk in with 20% down and pay it off in 36 mos they are no better off. Some of these loan companies and dealers came up with balloon payment (which they prefer because they want the consumer in a new car every three to four years). The deal is you get three or four years of a lower fixed payment, then your last payment you pay the interest and whatever left which equals about 40% of the sales price if you cant pay that then you can trade your vehicle in for a new model and live the life of never ending, perpetual car payments and never ending debt. They dont want to raise workers wages because the bankers are making good money off of the slave debt.
Great video and excellent business sense. Another thing: most auto manufacturers are putting out 4cly turbo engines. These have more moving parts, run at higher compression ratios, hotter and run at higher RPMs. This is an engineering recipe for lots of expensive repairs. Most of these motors won't last past 7 or 8 years. Oh yes, and the auto stop to save fuel...causes the turbo to start and stop more frequently, which wears a turbo even faster.
The economy sucks. Gas prices are rising again, groceries are through the roof…everything is just about double. Why would anybody buy a car now 🤷♂️. Unless you absolutely need and not want a vehicle…simple and no worries….DON’T BUY A CAR NOW !!!! Let “lot rot” set in. Btw…good vids
I see a big trend to repairing what you have. When it only costs 6 months of payments to drop a new transmission and engine into what you have, you'd be stupid to do anything else.
"Voting with your dollars" doesn't really work unless it's extremely well-organized. Working-class people in the USA need to organize around our shared class interests to reject this system, which will screw us over as often as it can.
I've been telling people for years the $50K+ new vehicle market is doomed. With bad times creeping up on us, I welcome a renaissance of basic, affordable vehicles.
Exactly. There are plenty of decent used vehicles for $30k and even a few new ones. I was surprised to see the new Maverick hybrid comes in around $30k new. This is an example of what you are saying. My daughter wants one. I told her to wait a year or two and buy it used.
This is all a result of Government & EPA & its gonna get worse if Biden wins another term because his new EPA Executive Order demands that 70% of all cars produced by 2032 be EV or Hybrid & its exactly the OPPOSITE of what the consumer wants. You can force people to buy stuff they don't want & what we need is a new President to overturn these tyrannical Executive Orders.
Tell me about it!!! Used lexus 450 SUV for 36K with 28,000 miles on it...😊 but those days are gone with democrats back in power.@@cantwealljustgetalong2
The market is still strong, there’s an idiot everyday buying vehicles at full msrp plus dealership markups . They stretched the terms so they can afford the payments.
Which, in my opinion, is really stupid. No other way to put it. That kind of foolish buyer who borrowed money to buy a vehicle they couldn't afford is at least as much to blame as the greedy dealership and moneylender. They shouldn't lend money to such a fool. When he defaults on the loan, they lose money too. Repos are at an all time high
WTH are you rambling about? Beyond their means? Wages, when you factor in COL and Inflation have been stagnant and actually fallen since the 1970s. Pensions gutted, replaced with sleazy 401k, health care, insurance, and all the rest sky high. But wages for the middle have stagnated. So I guess what Americans have learned is that even though productivity went up, they worked harder and longer, and as a nation GDP continued to rise, they didnt get to share in any of that wealth. Never trickled into their pocket books. So save your 'snarky, loving every minute " remarks for the bots. Buying a Starbucks Vente every morning, a 70 in tv, remodeling your bath and kitchen every 6 years and going on annual cruises and vacations and out to eat every week might be living beyond your means. Paying your mortgage or rent, buying basic groceries for you and kids to eat and paying taxes, insurance and kids braces and health expenses on a salary that has been flat for decades and can barely be stretched any further is not living beyond your means, grow up.
@@hermanmunster714 living beyond their means for years. Are the people buying vehicles costing more than a 1/3 of the annual income. Not able to pay their CC bills off in full at least 97% of the time. I grew up lower middle class in an affluent area. I learned that in order to get a head, only spend money on necessities and things that have a ROI. For example education and training. Going to concerts and vacations are nice when you have made it. Until then just grind.
You are right. Everyone is BROKE! Often time, people are paying too much for their rent or high mortgage payment than they can afford. Salaries are going down on the higher-end level while lower-end level wages are about at its max. Is it sustainable? Heck NO! It just doesn't add up! Car prices have to go down and they will eventually. Only time can tell. Thanks for the video.
@@twystedhumouryou do what you have to do. I think a lot of Americans and Canadians need to put relationships and experiences above having a lot of stuff. Having the newest and best will not make you happy, especially when it's causing financial distress and a lot of fights with your spouse. God help us to become wise.
@Galileo you are spot on. Lower end wages in service sector did go up to 14 and 15 hourly but middle and upper tier workers have been flat. Its all a con game.
That's all Ray & Zach (CarEdge) say every single day, The Sky is Falling. Used to watch them, but then realize it's just for clicks. Thanks for being so honest.
I disagree- I think the manufacturers are actively downgrading the level of vehicle that the middle class were accustomed to buying in the past. If you could "afford" a loaded Tacoma before then you're only going to be getting an entry level one next time. If you could afford a basic Camry, then maybe next time you'll have to get a Corolla. And if you don't want to pay, then you can do a 3 year lease, and then essentially subscribe to having a vehicle. In my opinion that's what is actually occurring.
All The people who paid these crazy 5k, 10k, 15k in markups on these new cars in 21, 22 & 23 are the reason the dealers continue to charge these ridiculous fees! I’m not blaming the government interest rates- because I paid 8% interest in 2013 on a Honda accord EXL priced at 22k- my payment was still like 450$ a month. The new cars prices were significantly cheaper before 2020- even the new 2018 I bought still had 5.9% interest & my payment was still under 500$. If consumers didn’t pay these crazy a$$ prices, mark ups & high msrps- the dealers wouldn’t be charging it. It is what it is😢.
Heard over the last 40 years how everyone is broke. Over that 40 years, houses, vehicles, vacations, etc. have become bigger and more luxurious. People live well and beyond their means but never seems to matter. It continues on anyway.
Maybe because as a nation we haven't wised up financially. We put stuff over our well being and peace of mind. If we do that and end up broke and in distress, we have no one else to blame but ourselves. And we deserve the consequences.
However, popular personal finance expert Dave Ramsey recently shared that teachers are becoming millionaires despite having low salaries. According to a study conducted by Ramsey Solutions of over 10,000 millionaires, the top five careers for millionaires were engineer, accountant, teacher, management, and attorney.Feb 18, 2024
Great video Brother …. Prices have got to come down now even to sell a vehicle this day and time or they will sit , so your exact words , something has got to give real soon !! As always waiting to see what’s next !
the funny thing is that you go to the dealers, they have hundreds of cars in inventory and still, they try to add mark ups and offer terrible deals. They really need to process what's happening and provide reasonable and more budget friendly prices. I don't want to be rude, but glad to see that dealers going through this after all they did with mark ups for the last couple of years.
Been watching your videos for some time now and I can see your confidence has really improved! Love the little skits you were throughout the video 🤣👍🏼 was gonna pull the trigger on a used 2021 Tundra… but after watching this video I might hold off
I remember back in 2006 you could a New Dodge Ram 1500 Hemi Big Horn 4x4 for $24995…. That same truck now is $45k… prices are just too high and interests rates are too high
Look what a success the Chevy Trax is. One of GM's best selling models now. People want a need a decent, enjoyable car that doesn't cost an arm and a leg. You're right - just vote with your wallet and stop buying until manufacturers wise up.
@@artiglesias9317 Some social scientists say of the human population: Never wise up = 60% Wise up but don't care = 30% You and Me and most of the other commentators on this channel = 20%
The huge Ford plant in Oakville Ontario just announced delaying the electric platform conversion that was supposed to start in 2025. Now being delayed until 2027. Job cuts already announced. Lack of buyer demand for EV.
Today's laughable prices have inspired me to make a game out of keeping my 2013 wrangler on the road for as long as possible. Only when a professional mechanic has pronounced it dead and covered it with a sheet will I even think about giving money to a greedy corporation run by wealthy executives so completely out of touch with the middle class that they think we can actually afford to buy their $100,000 vehicles.
The middle class has also been out of touch for a long time sir. Putting everything on credit, living way above their means, and not practicing frugality and putting money away in savings. Keeping up with the Jones (the Jones are broke too) and taking out expensive new car loans when they're upside-down on their current loans. That isn't a sound financial strategy for a secure future. Hopefully now the middle class will wise up and learn to be content with what it has. I sure hope so. It's incredibly sad to see people broke and in debt because of irresponsible financial decisions. Maybe this is how we learn collectively as a nation.
@@matrixist blame them for not enough regulation against corporate greed? Sure. But if you’re blaming the current president because of inflation of like 4% is raising car prices 35% then I’m sorry but you’re a fool. This is purely a situation where credit is cheap and corporations are greedy. The governmental aspect where they take blame is the lack of regulation….but people think somehow a more right wing government that would support more deregulation would be better….it won’t, capitalism unchecked will be our undoing….i say this as fiscal conservative btw.
No one can afford a NEW vehicle anymore, and they just keep jacking up the price. I am literally buying a USED, new to me jeep tomorrow.....private party. Never could afford a new vehicle, still cant.
Maybe that's a blessing. Why would you want the crippling monthly payments, high interest, and huge depreciation? New vehicles are not all they're cracked up to be. They put you into financial slavery, and the recalls..... A dependable used car that's well taken care of and paid for is a far better option. I'll never own a new car again and I don't want to
@@brianasbury8315 because im mechanically inclined and tired of garbage people have let go and never maintained. I want to keep a vehicle nice, have the underside coated, change the oil every 3k miles, make sure the ball joints, tie rods, and more are taken care of. I don't want monthly payments, or crippling debt, I want a vehicle that I havent had to pay 1983.XX or less for, and spend the life of it chasing problems all the previous owners didn't bother to just fix at the time it went wrong!
@@axisbloodmoon3693 that's why my last car purchase was a 14 Honda Accord LX. 15,000 miles, one owner that hardly ever drove it in the 7 years they had it, all service records, 15K cash upfront, I own it free and clear. A little over 3 years in, car's at 62,000 miles, so far so good. The only things I've had to buy for it, other than oil changes and air filters were new tires and a new battery. Still cheaper than monthly payments. Good used cars with low mileage are out there, just have to be patient and shop around. The new Hondas have had a lot of problems I hear
Here's my secret. ( very little pride in a car) i buy older rebuilt cars , low mileage. With a savings of average 1,800.00 dollars. Which i use for future upkeep. My car prices are 3000 to 10000 dollars. Lucky enough to pay cash .keep them and then drive them to the junk yard. My average vehicle cost me 800.00 per year . Been doing this for 40 years .
When a salesperson told me the average car payment was $865+/month, I said we all can't be that bright. $250/mo has always been my monthly payment target, I've leased many cars for under that too. My farming grandfather told me once, when you have money, your always on top, riding the horse, and it stuck with me.
E-bike is the solution. No insurance cost, No license needed. I works 20 miles from home. Manage to found a trail that can go to work on an E-bike. Take 1 hours which is a bit longer than in a car. How ever I am not in traffic jam and enjoy the scenic drive + exercise a bit.
I always laugh when I see some tree hugger morons biking in -30°C weather up here in Canada. What is even funnier is when they try to push their agenda on us normal people.
I’m a cyclist. The last two weekends I rode 62 and 68 miles respectively. For a group of people that can’t seem to do with a lesser vehicle than one that costs $1000 a month, I really doubt they would view an e-bike as an alternative. We are talking about people with delicate egos that won’t be seen commuting like a poor person. Kudos for commuting via bike tho. I don't have the time for it and DFW heat is brutal. If you have $1000 of elbow room in your budget, you could be that millionaire by the time you retire. $1k per month saved in an average 401k for 40 years comes out to $2.4 million dollars. Poor decisions is why there is no wealth despite high salaries.
Yea this is a great idea my work is only a few miles away its just the major roads dont all have bike lanes and in my area people are terrible drivers......not sure how to safely navigate there
So the manufactures are figuring that if people are not trading their vehicles in if they wait them out long enough and hold their stupid prices people will eventually have to buy new. So it’s a cat and mouse game of who can hold out longer. The American public needs to make them pay and not buy !
I was looking to buy a new Toyota Rav 4 hybrid. The dealer would not budge off sticker. On the work order they charged 950 doc fee, 875 government fee, and 1800 shipping. Looking at the sticker the shipping price was added into the MSRP. They wanted me to pay $3625 above the MSRP. I offered them MSRP plus tax and tag out the door they would not budge. I walked and will not go back.
I have watched about 10 of your vids - this one is by far the best - your assessment of stupid dealers, consumer’s failing circumstances, high interest rates, manufacturers greed, and government regulations now brings us one heck of a mess. We can only hope that this will all subside as aggregate consumption starts to reduce - and then next - the Recession! So use the auto market as your macro economic canary in the coal mine - and get your household debt in order before things get worse - before they get better.
While this is a dealership/manufacturer problem, I think the bigger problem is the fact nobody is paid enough. It doesn’t matter what your belief or political opinion is because the fact of the matter is, everything has gone up significantly in price but wages and salaries have gone up a minuscule amount. The average income in the 90’s was just over $50k. The average income in 2023 was a little over $67k. A decent jump over 33 years, but…let’s look at rent and utilities now. $800 for rent in 1990. $209/mo for mortgage in 1990. $260/mo in 1990 for utilities. Average rent in 2023 was $1450. $2268 for a mortgage in 2023. $472/mo for utilities (based off of where I live). Based off of these number alone, salaries cannot keep up with the average cost of living. Increasing prices for everything not just cars is causing the problem. Car manufacturers have to charge more because material alone is much more expensive. I don’t have an answer and I don’t think anyone does, but something needs to happen to allow the average person to make enough to catch up to the crazy increase in prices. Costs have gone up 80-100% but salaries have gone up MAYBE 20%? It doesn’t make sense.
@@juanshaftpatel7488 I don’t think it’s one side will fix the problem. I also think the political split in the country is also a problem. It will never get better if either side can’t make compromises for the good of the citizens. There will never a single solution for a complex problem.
No one thinks about covid and trump’s lockdown that closed business and cause us to stay at home for almost the whole 2020. Now the prices of everything is going up, even stock market!
I enjoyed your presentation. Your opinion is very good. I’m an old guy. I watch how things are going and this trend is not good. I wish I still had my old cars without electronic ignition. I currently have a 15 y. o. F-150 and a 10 year old Honda CRV. I will wait until this bubble bursts, then replace my truck. Keep up the good work! B. Lane
Never buying a loaded Ford F-250. Why? I don't work in construction, I don't haul cars for a living, and even if I did, I'd try to get the most basic model possible. And I'd pay cash for it. Unfortunately a lot of folks buy these expensive trucks for no other reason but to look good and impress others. Very dumb reasons to go into financial slavery.
Really nice analysis…you surprised me with the point about regulation and emissions standards driving the recent price increases…do a segment about how those standards have changed in the same period (2020 onward) so we can understand the impact
When is it NOT windy in Wyoming? I had a friend who moved their after college (geological engineer) and he lasted 4 years. The wind was his big compliant. Not the cold, not the snow, but the wind that just amplifies all those cold winter conditions. Most car dealers in y are have stopped with the silly 'market adjustment' prices, but they still like to "lard up" cars and trucks with thousands of dollars in useless options they won't take off (even service features).
@@littlestinker9716 Nissan vehicle sales in the United States during the first quarter of 2024 increased by 8.5% year-over-year to 238,831. Unfortunately, EV sales barely increased this time.
This is exactly the reason why one of the best businesses to be in right now is Lyft / Uber...mainly for those like me that own paid-off hybrid vehicles such as the Toyota Pruis . Auto prices combined with insurance and maintenance costs are pricing people out of the driving market. People are financing literally everything, including getting from point A to point B. I am 41 years old, quit my warehouse job 2 months ago and took a risk to become a Lyft driver - It has been the most rewarding decision in my life. Sure, the cost of living and driving may change in the future - but it won't be anytime soon.
I'm at the Toyota dealership getting my 2012 Camry serviced. I have been casually shopping for a new Camry for three years but they haven't had any inventory. They currently have 5 Camrys on the lot right now and they are all high-end models (all-wheel-drive and highest trim levels). The models in-transit are similar. I asked for a quote on the Camry LE and they gave me a quote of $29K+ or about $3k over MSRP. What they have in the showroom is a Sequoia at $80K and a pickup truck for $70k. The other cars in the showroom are used. The car we had before the 2012 Camry was a 2000 Avalon and we put on 250K miles on it before trading it in. Car was actually in really good shape. So I still see shortages of cars, at least for Toyota. On insurance costs: you have higher repair and parts costs and I'd argue that there are more accidents today. People are driving faster and more rushed and with less care and there's just more traffic without similar increases in road capacity. We have a house in a place where houses are selling an average of $106,000 above asking price. There's very little housing available in New Hampshire and Massachusetts and I'd say that the economy is booming. We go to Costco a few times a month and the parking lot and the store are packed. People seem to be consuming like mad in our area. There is supposed to be a large divide on housing prices rising vs falling depending on your region with the northeast still being pretty strong. On lower-priced cars, there's the Chevy Trax crossover SUV for $21,000 and I've heard that Toyota is going to focus on lower-priced cars. We don't need a new car but I would like to replace our old Camry. I am not seeing that Toyota has to reduce prices, at least on the Camry..
Garrff called me last week and offered me 15,000 dollars on a low mileage 2016 Maxda CX-5 that is owned free and clear. I just laughed and said no thanks.
I traded in my 2017 Subaru Outback 3.6R in April of 2022. Got 28k. Only paid 36k, five years before. I held clear title (JUST paid it off), and this was CRAZY. Never had 28k in equity. I purchased a new Hyundai Tucson, and paid a 2k premium. I came up with some cash, and paid cash. Now? I have a two year old car, still with 3 years of a bumper to bumper warranty, and have banked all that money I was spending. In three more years, I will get me a sweet new ride. All cars will be on the table.
Here is my method. I buy used upper end cars with great reliabily ratings with low mileage. I am not afraid to pay $1000 - $2000 or more over book value. They are owned by people with some money and can maintain their cars. They also dont beat them to a pulp and then have YOU buy them. Repairs will kill you!! There is nothing more expensive than a cheap car. Stay away from the classic money pit cars: Land rover, Jaguar, Chevrolet, Bmw, VW .....you get it. It's Toyota/Lexus/Honda etc, for me!! It may change in later years, but that's today's reality. BTW unless you REALLY know what you are doing stay away from EVs.
You’re 1000 % correct on ppl succumbing to their desires for a new car and placing themselves in economic danger .. ppl haven’t learned to use their brains and leave when a salesman comes to them with a ridiculously high per month payment . I personally place the blame on the consumer for being this desperate for something new that they would jeopardize their living for that high ass auto cost
It blows me away when I still see dealerships in my area put "market adjustments" on new vehicles, and toss another $5-10k on the ticket. Their greed will be their downfall, and I'm here for it.
Nice! Amen to that. There’s something so liberating about not owing on your vehicle 👌 Haha yeah, Mrs. Untamed just keeps having them… not sure what the deal is, she’s a rascal. 😅
Always love watching your videos! Don't change your sense of humor! Thanks for telling it how it is--quite a shocking truth when information is viewed within context--great job!
You can still get good deals, hold steadfast! Love the video, fully agree with your stance and wish you and your family the best of luck! Best way to negotiate is to educate yourself and always be willing to walk away no matter how much you love a particular car/truck!
I totally agree, and indeed, we need to hit the brakes on spending like there is no tomorrow. My car insurance premiums is more than 100% up from a year and a half ago. Half of my monthly earnings goes to pay the mortgage and the other half for credit cards bills. My 19 years old son is riding a motorcycle, because he cannot afford to pay for a car insurance. It is ridiculous.
What they are doing is destroying the middle class.
Spending several trillion more than you take in every year has a tendency to create inflation.. If you are on Wall St no big deal.. If you're working a person then you and your family are screwed.. Keep voting for these damn insane liberals.
Let’s go Brandon!!!!!
The new middle class is 200k+/year
Ain’t that the truth… which is insane.
Let’s give more money to Israel
I’m enjoying watching cars that had $5-10k markups on them not even a year ago rot on dealers lots. They had it coming.
Yep. And those that waaaay overpaid for cars that are currently collapsing in value are waaaay upside down, and CANNOT purchase a new car for several years.
The greed factor biting them in the ass.
theyre as equally greedy as the buyer that willingly overpaid because they have no self control and must consume@@BillAnt
@@DABK2024 - Well, I guess some buyers are just as guilty, but sometimes they have no choice when everything is expensive.
"Greed is good"
You made your bed, little gecko.
No car payments here, and if I have anything to say about it, I'll never take out a car loan ever again. It's a good thing to learn to be content with what you have. Cars are not worth the financial trouble they get people into just because they have to drive the newest and nicest cars. I'm out of financial slavery, and I'm not selling myself back into it.
You have learned the wise ways! Enjoy that freedom!
Very wise observation.
It's all about income. If you are making $15-20K a month, $300-500 car payment is nothing. If you don't make any money, sure, you're right.
@@roman9762 if you making 15 to 20k monthly... just buy the truck outright. No need for a loan.
@@roman9762 sir I make good money, and I do even better without having stupid debts like car loans. You can be making a six figure income and debt will still kill you. Everything I have is paid for, even my house, and I'm incredibly thankful for that. It's nice not having that dumb payment due every month, even if it's $200-$500.
Like my father used to say when dealing for vehicles and the deal wasn't right."You keep your car I'll keep my money".
Your father is a smart man. =]
i tried buying a basic model and the dealer said we don't get many of them, but we have these much nicer ones here. i said call me when you have a basic one otherwise i don't want any of your luxury crap.
WHY?
The American dream used to be: Affordable standard size house, Kids, Dog, occasional vacations, Save for retirement, Affordable car every 10 years, Going out to dinner once a week, all with 1 income earner while spouse tends to house and kids. This how I grew up as genX. This dream is completely dead.
yup....its all i wanted as a millennial.😢
Well said. If your car runs and drives and it is safe to drive, keep it.
Mines a 2008, only need to get some minor work done to it right now. Plan on driving it until 2036 hopefully. New or used vehicles are a rip off these days. Never had a car payment in my life to date, I plan on keeping it that way.
The average person has never been so poor. Millions of families are struggling financially as living expenses hit the highest levels in more than four decades. Over 60% of our country lives paycheck to paycheck and about 40% earns poverty wages. Even after working all their lives, more than a quarter of older people have no savings and many believe they will never be able to retire in dignity, while around 55% of elderly people try to survive on an income of less than 25,000 a year.
It's scary how true this message is
This seems like the worst period.Even the markets are very unpredictable.started investing recently when the market prices were a bit high,today i am more than 60% down
Having an investment advisor is the best way to go. Based on a direct encounter with a CFP named Julia Hope marble, I can say with certainty that their skills are excellent. She helped raise over $580,000 in 18 months from an initially stagnant portfolio of $150,000
Keep voting blue everyone - things are bound to get better. I know I know - Brandon is sharp as a tack.
By the time a person is old enough to retire, they own everything, they can live like a king on $6000. A year.
The most angering part of all this is…. Their big greed caused this and when they start to buckle and go under, they won’t use all those profits to stay afloat, they’ll get our TAX MONEY for another bailout.
It's also the fault of people who took the bait and didn't make smart financial decisions on their vehicle purchases. You don't have a seller without a buyer, and the buyers foolishly borrowed above their means to purchase these very expensive and overfluffed vehicles. Shame on us all
While the executives salaries and bonuses continue to climb to record highs no doubt.
Pfttt.... Bail out is so old school!!! Let's send 200 billion to Ukraine, Israel and Taiwan. !! Most of it minus the small comissions to local scamsters will come back to the US MIC which will then invest in foreign tax havens 😂😂😂
@@brianasbury8315 that’s another part of the equation people don’t take into account. My son graduated high school a couple years back and at NO POINT, did they school or offer basic business class alternatives for basic financial literacy. It’s almost like they wanted them dumb. Dumb people don’t question. Dumb people follow. Dumb people aren’t capable of wise informed financial decisions.
Not this time. The dealers will not get a bailout. The federal government cannot afford to bailout business while the government is financing two wars.
People aren’t broke we’re just not stupid . Who the fuck is going to pay 80,000 for a fkn work truck .
There are some that are over $100k..crazy
Stfu a work truck isn't 80k😂
they are not work trucks they are soccer mom SUVs pretending to be trucks.
Na some people be buying 80k to 100k work trucks... with anywhere from 1800 to 2k a month payments. Hella crazy!
@@FocusedHands , yup, then insurance and gas. Heavens forbid if you have a diesel. So maybe close to $2000 k a month, specially if you have a long commute 🤔
Glad I own my vehicles out right. Nothing better than holding your vehicles title in your hand.
Amen
Depends from usage. I lease an inexpensive Hyundai Elantra every 3 years for 8k, which would cost $24k for 9 years. As we all know after 9 years it's time to change many parts. The reason this works for me, is because I only drive 2k miles per year (yes that little) and return it under 7k miles, therefore they give me a discount toward the next lease.
its great holding your own vehicle titles but as they age, and start to require more parts and maintenance, unless you can do all your own work, they will eventually lose their value and unless you are retired, work from home or can walk to work or take public transportation you will need another car.
Amen
Yup 👍🏽 I really like some Toyota trucks but the prices are stupid and non realistic to make a purchase.
Can’t believe people actually bought vehicles during the high prices and rates. Americans don’t make good financial decisions. Now the repo man gets to do his work. I don’t feel sorry for the dealerships Untamed. Karma is a bitch. What goes around comes around
idiots.. mainly blacks
The wheels will fall off when some drunk hits you 😮
@@danbooher5843 ????
I just bought an e-bike. I work 3 miles away from my place. I have been taking Lyft everyday. I had a Audi rs5 with 5 payments left I was in a huge accident. Dealer been blowing me up to get back into my 4th Audi rs5. I told them no! If I can step out the market so can anybody. Please people do not accept these horrific terms.
Well said. A bite in the Ass usually follows Greed
People have to stop borrowing money. Only buy things you can afford
I have a 1999 Corolla, well really it's my second car and I can afford it!
If you can't pay cash, you can't afford the maintenance either anyway.
@@mystisith3984if you can't pay cash, you shouldn't buy the car. Auto loans are expensive.
@@brianasbury8315 Well 85% of all new car loans are financed, and only about 10-15% are able to pay cash on the barrel for a new car. So, guess the expensiveness of a car loan is not detering people who need to get to work somehow?
@@hermanmunster714Because it has become mainstream for people to live outside their means. It’s become far too “normal” for people to shop only thinking about the monthly payment and how much vehicle they can “afford” rather than focusing on the total price of the vehicle and what vehicle is best for them. Too many Americans continue to fall into this trap of needing to have a fancy new vehicle and are willing to pay more than they can afford, so dealers/manufacturers continued to raise prices as people kept paying which has been part of the reason we are in the situation we are today.
I’m glad I’m not the only one mentioning how Toyota is saving tons of money from building the Tacoma in Mexico and not a single penny of those savings is being passed onto the consumer. Quite the contrary, Toyota is hiking prices despite cutting costs.
Exactly, we should boycott these companies when they take good paying jobs out of Canada and the US and then hike prices while paying $3/hour to Mexicans who can’t afford the vehicle they are making.
If it makes you feel any better most Americans can’t afford to purchase a new Toyota, let alone Taco. Their demand is outrageous and supply is purposefully limited to create high pricing.
Well look at their debt 😂😂😂 they have to pay the piper
And the quality of cars built in Mexico is absolutely horrendous. I love to listen to Scotty Kilmer rant about it all the time... Built in Mexico = Zero Quality
Toyotas aren’t what they used to be. The quality is really not good anymore.
I was listening to Dave Ramsey the other day and the caller paid $75k for a Kia Telluride during the pandemic... ridiculous.
Wow… 😮
Doesn’t surprise me, Kia dealers really took advantage of people during the pandemic.
@@UntamedMotors I'm with you- going to keep the GX and the Escalade like I told you last week for the time being while all of this shakes out. We've decided to never sign a note for a car loan ever again.
75 large for a Kia. Damn. I guess Mrs Gump was right. Stupid is as stupid does.
$75k for a Kia is outrageous and delusional!
@@happyhippo1710 $35k for a Kia is outrageous and delusional! LOL
When I bought my Acura MDX in 2004 for $37,000.. I told the dealer that I was going to drive it till the wheels fall off....I told them I only make $37,000 salary for the entire year and can't afford to buy a new auto every few years !! I had a trade in and down payment saved etc. I literally drove it to 350,000 miles and sold it to a family member in 2017,, and was still running good , now has 400k !!! I bought a new car in 2017 (for long commumtes ) and bought a new Honda Ridgeline last year in 2023 .. and told the salesman I was going to drive it forever. I want to visit every state with it soon. If you take care of an automobile it will take of you and just find an honest mechanic .
@ayo9057 lmao. someone making 37k/ year should buy a POS tesla. Teslas are for rich people who dont need reliable cars
@ayo9057 No, I take long road trips ..I don't want to be waiting for hrs to charge a car up when I can get gas anywhere in 2 mins.
Most of those Hondas / Acuras can go like yours did, if they are taken care of.
@@ditiprel4 I think he was just being sarcastic, chill.
@ayo9057 I would not have an electric even if you gave it to me. FJB
No one should be making major purchases at this time if you can't realistically afford it. Eliminate debt. Fill a room in your house with food and emergency supplies before buying what you don't need.
Why not grow a garden? Healthy and fresh foods, not stale old crap.
100%
@@paulaarchuleta8684 Did you read what I said or read into it what you want to ? Filling a room with food does not eliminate home grown food nor does it suggest filling it with stale old crap. Reading comprehension for some now days is also running scarce.
Not all debt is bad as long as what you buy appreciates more than you're paying an interest in my opinion people need to stop saving and start investing their money most of the money in America went to shareholders. Are Roth IRA is one of the easiest and best ways to save money and in an emergency you can always withdraw your contributions tax free. The S&P 500 is up more then 30% from 1 year ago
@@Ultimusvivi Credit use is a tool to be used responsibly.
I have more money than ever thanks to these ridiculous prices. Otherwise I may have been tempted to trade in my paid off Tacoma for a new truck.
Suffered some of this just two days ago at a dealer. A Rebel without all the available features was $82k out the door but at least it still had the Hemi. The new Ram Hurricane engines requires body off frame to access the rear turbo and three local repair shops I contacted don't do that, so you're stuck with the dealer. During the test drive all I wanted to do was turn on the seat heater and it took multiple laggy presses to get it to work, my eyes were off the road too long.
$82k and it didn't even have a sunroof which my current 2011 truck has so I said screw it, I'm driving this thing until it dissolves around me and I'll spend part of that $82k on an old used 4.0 I6Jeep that I could light on fire and would still run. Dealer didn't even care when I left and the truck's been on the lot for 62 days.
Dealerships became so greedy at the point they screwed up everything
Agreed. Like sharks with blood in the water… =\
You take money from year +2 & +3, have fun bathing in 🍾 then year 2 & 3 arrives & you wonder why people are broke & can't buy... Economy is a balance act & every excess is paid by consumers & tax payers. Will the lesson stick this time? I'm not betting on it.
Or like unwise people who took out expensive car loans to buy expensive cars they couldn't afford. The dealerships don't take the entire blame here. The buyers are just as much to blame because of their irresponsible and foolish financial decisions. $1000/month for a stupid monthly car payment? Seriously? Maybe we're starting to get wise. I sure hope so. Let their overpriced cars deteriorate and rust on their lots. Let banks pay the price for lending money to foolish people living way above their means. The gravy train's gonna end. I just hope sooner rather than later.
Then it all came crashing down. Those who bought those expensive cars are now struggling to pay it off. Call the repo man!! lol
so the greedy buyers who are never content with what they have and must always buy more bullshit they don't need are blameless, and the dealers that give them the bullshit they don't need are the problem? got it.
My vehicles are 23 and 16 years old. Both still running great with only normal maintenance needed. Not budging for as long as possible.
Lexus?
@@demri123 Nope. The 23 yr old is a suburban and the 16 yr old is Hyundai Elantra with manual tranny. Never expected either to be this reliable!
@@demri123 I guess my previous reply got lost? 23 yr old is a suburban and 16 yr old is a Hyundai Elantra with manual tranny. Both have been very reliable.
Yup, I'm holding off buying a new truck, I think prices will drop down down down over the summer.
And don’t fall for the scams online either. They’ll list for 60k at 1.9 apr for 72 months-you walk in and they say “Well if you want the 1.9apr you have to pay sticker at 67k. If you want the incentives at 60k the apr is around 7.9.”
Total BS!!! Walk! Don’t take those gimmicks!
Which is against the law
@@Christdeliverme sure is and they do it all the time!
I will never have a 1000 a month auto loan. When my current $492 a month loan (pre-"covid supply chain") is done it will be the last NEW vehicle I own, if that is what it takes. The industry can burn to the ground before I pay +1000 a month.
I'm with you, my payment is $419 and It's way higher than I used to get.
The SUV isn't even new it's a 2019. I had it a couple years already though.
I'll never go for the new super-debt system too smart for that.
Absolutely!
Down here in South Florida when hurricane Ian came through so many vehicles were damaged and flooded. People ran out and paid top dollar with market adjustments for whatever they can get their hands on. I feel so bad for those people because they’re brand new vehicles they purchased are going to be upside down. And dealerships were happy to move their inventory at that time.
@@jarad0714 Based on what I've seen here on TH-cam about Florida, and south Florida it seems people need to be just about a millionaire to even think about living there. So I'll stay where I'm at in Virginia.
A car is far more enjoyable when you own it and possess the title on it friend. Good for you!
One word: "Greedflation".
The pandemic was an EXCUSE for so many companies to raise prices...under the guise of "supply chain issues". Total BS. As you said we need to vote with our pocket book.
Bingo - best comment on here from someone that actually passed high school economics.
This is truly 600 Corporations vs. the working class
600 Corporations meet in davos. Same corporations fund indirectly and directly and partially via NGO’s:
The FDA WHO NIH WEF
Those entities then push for a shutdown and boom - a giant wealth transfer of > $3 Trillion from the working class to the losers who couldn’t get a date in high school.
They planned to cause inflation so that assets held by the working class would be sold off on the cheap as people hold onto survive
Oh and don’t forget that it wasn’t an accident that small businesses were deemed “non essential” but all the big corporations got cheap money from the federal reserve as well as increased market share.
Finally big tech colluded to silence anyone speaking up about any aspect of the scam because it’s “one big club”
Really the main issue we have here are losers who have i satiable greed and also are apart of a malthusian cult that is hell bent on destroying the lives of billions while now hiding behind cli mate change bs…
If that doesn’t work then they’ll go with destabilization via wars and open borders…
If only MOMMY gave these losers a hug as kids… because at the heart of it all are a buncha losers with unresolved MOMMY issues
That was the gov that destroyed the economy by printing trillions of dollars making inflation crazy
I went to a Toyota dealer in Northeren Virginia today who was actually open on a Sunday. I was looking for a lease on a '24 base Tacoma as a second hand vehicle. They wants 0 out of pocked 48 month lease for $688 a month. LoL - I just got up and walked out, didn't even say anything as I laughed.
Wow $688a month on a Tacoma that dealership should do comedy yes the Tacoma is reliable but they not worth no $688 month at all let it stay and deteriate on the lot
@@cedricmiller4370im not so sure about the reliability this time around. I heard these Tacomas were suffering major engine issues.
I have no debt and neither should you. Concentrate on eliminating any debt you have and banking the rest. When you walk by a car dealership with 100k pickup trucks it is a great time to burst out in laughter! Who needs any of it if your vehicle gets you wherever you need to travel. This whole world is upside down and not in our favor. If you cant pay cash for it then you can;t afford it.
Hear, hear.
most people do not know what paying in cash is or means anymore
Remember, it’s an election year! There’s going to be some kind of a black Swan event!
Never let a good crisis go to waste as the "Rules for Radicals" says
Probably tomorrow during the eclipse!
@@metalmike570 ok so what happened after the eclipse?
@@Fear.of.the.Dark. My theory took a 💩🙊👌
In 1970 average new car purchase was 20% down, and 36 mos note at 11.5%. Today, the average term of the note has grown tremendously. Most middle class budgest cant afford 20% down and 36 mos. with interest on 40k and 50k car notes. Common now are (75% all new car purchases) at 48-60 mos. Some even 72-84 mos. The longer the contract, the lower the monthly payment but the more you will pay in interest. My firm belief is that the car companies are in cahoots with the deregulated bankers, and everyone but the consumer wins. You can only squeeze so much blood from a rock and because real wages, when COL factored in, have not kept pace consumers are having to finance. Wages have actually dropped since the late 1970s, buying power has tanked. So there will always be some folks who are willing to take on the longer notes or even lease as a last resort. As for the used car market, it has become more like a secondary new car market and unless someone can walk in with 20% down and pay it off in 36 mos they are no better off. Some of these loan companies and dealers came up with balloon payment (which they prefer because they want the consumer in a new car every three to four years). The deal is you get three or four years of a lower fixed payment, then your last payment you pay the interest and whatever left which equals about 40% of the sales price if you cant pay that then you can trade your vehicle in for a new model and live the life of never ending, perpetual car payments and never ending debt. They dont want to raise workers wages because the bankers are making good money off of the slave debt.
I will stick with bicycles and e bikes
Great video and excellent business sense. Another thing: most auto manufacturers are putting out 4cly turbo engines. These have more moving parts, run at higher compression ratios, hotter and run at higher RPMs. This is an engineering recipe for lots of expensive repairs. Most of these motors won't last past 7 or 8 years. Oh yes, and the auto stop to save fuel...causes the turbo to start and stop more frequently, which wears a turbo even faster.
Thanks Rick, that’s a great point to add. You’re absolutely right. They want us to be in their revolving door of vehicles every 3-5 years.
@@UntamedMotors Yes. For those who have one of these 4cyl engines....change your oil on time, keep all maintenance current.
Planned obsolescence
The economy sucks. Gas prices are rising again, groceries are through the roof…everything is just about double. Why would anybody buy a car now 🤷♂️. Unless you absolutely need and not want a vehicle…simple and no worries….DON’T BUY A CAR NOW !!!! Let “lot rot” set in. Btw…good vids
I don't own a car did not know gas went up
Spot on everyone is broke. That is an understatement.
I’m not.
you are
I'm not rich, but I'm not broke either. A sure way to end up broke is borrowing money that isn't yours to buy a car.
It is not a good outlook, I will agree.
My 93 F150 has 275k miles, and I have money in my pocket.
I see a big trend to repairing what you have.
When it only costs 6 months of payments to drop a new transmission and engine into what you have, you'd be stupid to do anything else.
Right! As long as there's not significant body damage, you might as well just replace the engine and tranny for far less than a new or even used car.
It's simple: corporate greed has out-paced income...and yes, the #1 reason the price of everything has gone up so much is corporate GREED.
So what are you gonna do about it besides bitching?
I firmly believe that that FED is going to keep rates high until something breaks. Very interesting times we're living in.
Unfortunately, this is a far cry from what we saw in the 80's with mortgage rates in the high teens.
Oh.... it broke a while back. The sonic boom is just now taking place.
After the election they will let everything crash and blame it on trump
No. The Fed will lower the rates prior to the election to bail out their sock puppet Joe Biden.
Rates are being held until consumers stop spending money they do not have at alarming rates.
"Voting with your dollars" doesn't really work unless it's extremely well-organized. Working-class people in the USA need to organize around our shared class interests to reject this system, which will screw us over as often as it can.
I've been telling people for years the $50K+ new vehicle market is doomed. With bad times creeping up on us, I welcome a renaissance of basic, affordable vehicles.
Exactly. There are plenty of decent used vehicles for $30k and even a few new ones. I was surprised to see the new Maverick hybrid comes in around $30k new. This is an example of what you are saying. My daughter wants one. I told her to wait a year or two and buy it used.
it wasnt too long ago 30K plus was reserved for luxury brands
This is all a result of Government & EPA & its gonna get worse if Biden wins another term because his new EPA Executive Order demands that 70% of all cars produced by 2032 be EV or Hybrid & its exactly the OPPOSITE of what the consumer wants. You can force people to buy stuff they don't want & what we need is a new President to overturn these tyrannical Executive Orders.
Tell me about it!!! Used lexus 450 SUV for 36K with 28,000 miles on it...😊 but those days are gone with democrats back in power.@@cantwealljustgetalong2
Kia and Hyundai new 2024 cars starting in the low 20k and small suv starting around 25k
The market is still strong, there’s an idiot everyday buying vehicles at full msrp plus dealership markups . They stretched the terms so they can afford the payments.
Which, in my opinion, is really stupid.
No other way to put it. That kind of foolish buyer who borrowed money to buy a vehicle they couldn't afford is at least as much to blame as the greedy dealership and moneylender. They shouldn't lend money to such a fool. When he defaults on the loan, they lose money too. Repos are at an all time high
My guess, prices aren't coming down because the car companies expect more bailouts.
I am loving every minute of this financial pain. People have been living beyond their means for years and learned nothing from 2008.
WTH are you rambling about? Beyond their means? Wages, when you factor in COL and Inflation have been stagnant and actually fallen since the 1970s. Pensions gutted, replaced with sleazy 401k, health care, insurance, and all the rest sky high. But wages for the middle have stagnated. So I guess what Americans have learned is that even though productivity went up, they worked harder and longer, and as a nation GDP continued to rise, they didnt get to share in any of that wealth. Never trickled into their pocket books. So save your 'snarky, loving every minute " remarks for the bots. Buying a Starbucks Vente every morning, a 70 in tv, remodeling your bath and kitchen every 6 years and going on annual cruises and vacations and out to eat every week might be living beyond your means. Paying your mortgage or rent, buying basic groceries for you and kids to eat and paying taxes, insurance and kids braces and health expenses on a salary that has been flat for decades and can barely be stretched any further is not living beyond your means, grow up.
@@hermanmunster714 living beyond their means for years. Are the people buying vehicles costing more than a 1/3 of the annual income. Not able to pay their CC bills off in full at least 97% of the time. I grew up lower middle class in an affluent area. I learned that in order to get a head, only spend money on necessities and things that have a ROI. For example education and training. Going to concerts and vacations are nice when you have made it. Until then just grind.
You are right. Everyone is BROKE! Often time, people are paying too much for their rent or high mortgage payment than they can afford. Salaries are going down on the higher-end level while lower-end level wages are about at its max. Is it sustainable? Heck NO! It just doesn't add up! Car prices have to go down and they will eventually. Only time can tell. Thanks for the video.
Only some are broke. Some of us saw the writing on the wall and live on less than half of a monthly paycheck.
@@twystedhumouryou do what you have to do. I think a lot of Americans and Canadians need to put relationships and experiences above having a lot of stuff. Having the newest and best will not make you happy, especially when it's causing financial distress and a lot of fights with your spouse. God help us to become wise.
You are out of touch if you think everyone is broke. Broke people don’t buy 50k+ cars because they can’t get approved by banks.
@Galileo you are spot on. Lower end wages in service sector did go up to 14 and 15 hourly but middle and upper tier workers have been flat. Its all a con game.
That's all Ray & Zach (CarEdge) say every single day, The Sky is Falling. Used to watch them, but then realize it's just for clicks. Thanks for being so honest.
I used to call them out for this on their lives
Used to enjoy them till they took advantage of their audience with click bait scam "product"
I disagree- I think the manufacturers are actively downgrading the level of vehicle that the middle class were accustomed to buying in the past. If you could "afford" a loaded Tacoma before then you're only going to be getting an entry level one next time. If you could afford a basic Camry, then maybe next time you'll have to get a Corolla. And if you don't want to pay, then you can do a 3 year lease, and then essentially subscribe to having a vehicle. In my opinion that's what is actually occurring.
In Europe people lease cars, they can't afford to buy them...
Stop buying for 6 months and then you will see the dealer begging you for help!
I have not owned a car since 2020 not even looking
All The people who paid these crazy 5k, 10k, 15k in markups on these new cars in 21, 22 & 23 are the reason the dealers continue to charge these ridiculous fees!
I’m not blaming the government interest rates- because I paid 8% interest in 2013 on a Honda accord EXL priced at 22k- my payment was still like 450$ a month. The new cars prices were significantly cheaper before 2020- even the new 2018 I bought still had 5.9% interest & my payment was still under 500$.
If consumers didn’t pay these crazy a$$ prices, mark ups & high msrps- the dealers wouldn’t be charging it. It is what it is😢.
am I smart or dumb for not owning a car for 4 years and cycling and e biking everywhere
Heard over the last 40 years how everyone is broke. Over that 40 years, houses, vehicles, vacations, etc. have become bigger and more luxurious. People live well and beyond their means but never seems to matter. It continues on anyway.
Maybe because as a nation we haven't wised up financially. We put stuff over our well being and peace of mind. If we do that and end up broke and in distress, we have no one else to blame but ourselves. And we deserve the consequences.
However, popular personal finance expert Dave Ramsey recently shared that teachers are becoming millionaires despite having low salaries. According to a study conducted by Ramsey Solutions of over 10,000 millionaires, the top five careers for millionaires were engineer, accountant, teacher, management, and attorney.Feb 18, 2024
Great video Brother …. Prices have got to come down now even to sell a vehicle this day and time or they will sit , so your exact words , something has got to give real soon !! As always waiting to see what’s next !
Thanks a ton, Troy! 🙏🏼
the funny thing is that you go to the dealers, they have hundreds of cars in inventory and still, they try to add mark ups and offer terrible deals. They really need to process what's happening and provide reasonable and more budget friendly prices. I don't want to be rude, but glad to see that dealers going through this after all they did with mark ups for the last couple of years.
Been watching your videos for some time now and I can see your confidence has really improved! Love the little skits you were throughout the video 🤣👍🏼 was gonna pull the trigger on a used 2021 Tundra… but after watching this video I might hold off
I remember back in 2006 you could a New Dodge Ram 1500 Hemi Big Horn 4x4 for $24995…. That same truck now is $45k… prices are just too high and interests rates are too high
Look what a success the Chevy Trax is. One of GM's best selling models now. People want a need a decent, enjoyable car that doesn't cost an arm and a leg. You're right - just vote with your wallet and stop buying until manufacturers wise up.
That’s a great example 👌 💯
Some NEVER wise up.
@@artiglesias9317 Some social scientists say of the human population: Never wise up = 60% Wise up but don't care = 30% You and Me and most of the other commentators on this channel = 20%
with just in time manufacturing, you'll know the gig is up when you start seeing auto suppliers laying off workers.
It’s started
The huge Ford plant in Oakville Ontario just announced delaying the electric platform conversion that was supposed to start in 2025. Now being delayed until 2027. Job cuts already announced. Lack of buyer demand for EV.
Today's laughable prices have inspired me to make a game out of keeping my 2013 wrangler on the road for as long as possible. Only when a professional mechanic has pronounced it dead and covered it with a sheet will I even think about giving money to a greedy corporation run by wealthy executives so completely out of touch with the middle class that they think we can actually afford to buy their $100,000 vehicles.
The middle class has also been out of touch for a long time sir. Putting everything on credit, living way above their means, and not practicing frugality and putting money away in savings. Keeping up with the Jones (the Jones are broke too) and taking out expensive new car loans when they're upside-down on their current loans. That isn't a sound financial strategy for a secure future. Hopefully now the middle class will wise up and learn to be content with what it has. I sure hope so. It's incredibly sad to see people broke and in debt because of irresponsible financial decisions. Maybe this is how we learn collectively as a nation.
Cars going up 36% is definitely not due to inflation increasing 4%…that’s just corporate greed plain and simple.
Blame the politician's not business.
@@matrixist blame them for not enough regulation against corporate greed? Sure. But if you’re blaming the current president because of inflation of like 4% is raising car prices 35% then I’m sorry but you’re a fool.
This is purely a situation where credit is cheap and corporations are greedy. The governmental aspect where they take blame is the lack of regulation….but people think somehow a more right wing government that would support more deregulation would be better….it won’t, capitalism unchecked will be our undoing….i say this as fiscal conservative btw.
@@matrixist whatever you say you corporate bootlicker
Only 4%? Over what time period?
The greed is at the government level, dealer level and consumer level.
No one can afford a NEW vehicle anymore, and they just keep jacking up the price. I am literally buying a USED, new to me jeep tomorrow.....private party. Never could afford a new vehicle, still cant.
Maybe that's a blessing. Why would you want the crippling monthly payments, high interest, and huge depreciation? New vehicles are not all they're cracked up to be. They put you into financial slavery, and the recalls.....
A dependable used car that's well taken care of and paid for is a far better option. I'll never own a new car again and I don't want to
@@brianasbury8315 because im mechanically inclined and tired of garbage people have let go and never maintained. I want to keep a vehicle nice, have the underside coated, change the oil every 3k miles, make sure the ball joints, tie rods, and more are taken care of. I don't want monthly payments, or crippling debt, I want a vehicle that I havent had to pay 1983.XX or less for, and spend the life of it chasing problems all the previous owners didn't bother to just fix at the time it went wrong!
@@axisbloodmoon3693 that's why my last car purchase was a 14 Honda Accord LX. 15,000 miles, one owner that hardly ever drove it in the 7 years they had it, all service records, 15K cash upfront, I own it free and clear. A little over 3 years in, car's at 62,000 miles, so far so good. The only things I've had to buy for it, other than oil changes and air filters were new tires and a new battery. Still cheaper than monthly payments. Good used cars with low mileage are out there, just have to be patient and shop around. The new Hondas have had a lot of problems I hear
If you have a $1000/month auto payment & aren't earning at least $150K/year at your job then you fail at financial literacy & responsible budgeting.
Here's my secret. ( very little pride in a car) i buy older rebuilt cars , low mileage. With a savings of average 1,800.00 dollars. Which i use for future upkeep. My car prices are 3000 to 10000 dollars. Lucky enough to pay cash .keep them and then drive them to the junk yard. My average vehicle cost me 800.00 per year . Been doing this for 40 years .
Most people are too vain for that sort of logic. Buying cars and phones every 3-5 years to keep up appearances for other phonies.
When a salesperson told me the average car payment was $865+/month, I said we all can't be that bright. $250/mo has always been my monthly payment target, I've leased many cars for under that too.
My farming grandfather told me once, when you have money, your always on top, riding the horse, and it stuck with me.
E-bike is the solution. No insurance cost, No license needed. I works 20 miles from home. Manage to found a trail that can go to work on an E-bike. Take 1 hours which is a bit longer than in a car. How ever I am not in traffic jam and enjoy the scenic drive + exercise a bit.
WTH are you talking about? What are you doing in rain and snow, darkness when night falls early? Sure your on an ebike for an hour.
I always laugh when I see some tree hugger morons biking in -30°C weather up here in Canada.
What is even funnier is when they try to push their agenda on us normal people.
I’m a cyclist. The last two weekends I rode 62 and 68 miles respectively. For a group of people that can’t seem to do with a lesser vehicle than one that costs $1000 a month, I really doubt they would view an e-bike as an alternative. We are talking about people with delicate egos that won’t be seen commuting like a poor person. Kudos for commuting via bike tho. I don't have the time for it and DFW heat is brutal. If you have $1000 of elbow room in your budget, you could be that millionaire by the time you retire. $1k per month saved in an average 401k for 40 years comes out to $2.4 million dollars. Poor decisions is why there is no wealth despite high salaries.
@@mortimersnerd9991i love the idea of EBikes. Its just.... alot of what i do involves towing and hauling.
Yea this is a great idea my work is only a few miles away its just the major roads dont all have bike lanes and in my area people are terrible drivers......not sure how to safely navigate there
You are a very real guy ! My aunt used to say, " never borrow money on a depreciating asset".
My humble prediction has been and still is that the American big 3 automobile manufacturers will be asking the government for a bailout..........
I am in Oregon and do not see any reduced prices or good interest rates on diesel trucks even with an 800 credit score.
The only way they're discounting, is adding their packages to wipe out the discount. What a bunch of B.S.
Then don't buy. Walk away. Simple as that. Maybe dealerships will change their tune when enough people wise up and stop buying
So the manufactures are figuring that if people are not trading their vehicles in if they wait them out long enough and hold their stupid prices people will eventually have to buy new. So it’s a cat and mouse game of who can hold out longer. The American public needs to make them pay and not buy !
I was looking to buy a new Toyota Rav 4 hybrid. The dealer would not budge off sticker. On the work order they charged 950 doc fee, 875 government fee, and 1800 shipping. Looking at the sticker the shipping price was added into the MSRP. They wanted me to pay $3625 above the MSRP. I offered them MSRP plus tax and tag out the door they would not budge. I walked and will not go back.
I can go under MSRP!! What kind of rav4 would you like :)
Buy a FORD!
@@rjdavis7503They won’t budge much either.
I have watched about 10 of your vids - this one is by far the best - your assessment of stupid dealers, consumer’s failing circumstances, high interest rates, manufacturers greed, and government regulations now brings us one heck of a mess. We can only hope that this will all subside as aggregate consumption starts to reduce - and then next - the Recession!
So use the auto market as your macro economic canary in the coal mine - and get your household debt in order before things get worse - before they get better.
Thanks for the tour of your home!
Totally spot on, also, nice kitchen cabinets!
While this is a dealership/manufacturer problem, I think the bigger problem is the fact nobody is paid enough. It doesn’t matter what your belief or political opinion is because the fact of the matter is, everything has gone up significantly in price but wages and salaries have gone up a minuscule amount. The average income in the 90’s was just over $50k. The average income in 2023 was a little over $67k. A decent jump over 33 years, but…let’s look at rent and utilities now. $800 for rent in 1990. $209/mo for mortgage in 1990. $260/mo in 1990 for utilities. Average rent in 2023 was $1450. $2268 for a mortgage in 2023. $472/mo for utilities (based off of where I live).
Based off of these number alone, salaries cannot keep up with the average cost of living. Increasing prices for everything not just cars is causing the problem. Car manufacturers have to charge more because material alone is much more expensive. I don’t have an answer and I don’t think anyone does, but something needs to happen to allow the average person to make enough to catch up to the crazy increase in prices. Costs have gone up 80-100% but salaries have gone up MAYBE 20%? It doesn’t make sense.
so you want to make america great again? or you want the government to raise wages?
THE ANSWER IS TO ELECT PRESIDENT TRUMP AGAIN!
He saved our economy, brought back jobs and kept us safe by CLOSING the BORDER!!!
@@juanshaftpatel7488 I don’t think it’s one side will fix the problem. I also think the political split in the country is also a problem. It will never get better if either side can’t make compromises for the good of the citizens. There will never a single solution for a complex problem.
No one thinks about covid and trump’s lockdown that closed business and cause us to stay at home for almost the whole 2020. Now the prices of everything is going up, even stock market!
@@shutchyomouf4407 you knmow how to fix the problem? stop being poor
Destroying the middle class.
Running from the kids to the basement 😂😂
I enjoyed your presentation. Your opinion is very good. I’m an old guy. I watch how things are going and this trend is not good. I wish I still had my old cars without electronic ignition. I currently have a 15 y. o. F-150 and a 10 year old Honda CRV. I will wait until this bubble bursts, then replace my truck. Keep up the good work! B. Lane
KEEP the F-150 it is fixable. My F-250 will be 30 years old in July. I bought it new.
Everyone waiting for that new loaded Ford F-250 to drop to 40k are going to have a long wait.
That's exactly right.
Never buying a loaded Ford F-250. Why? I don't work in construction, I don't haul cars for a living, and even if I did, I'd try to get the most basic model possible. And I'd pay cash for it. Unfortunately a lot of folks buy these expensive trucks for no other reason but to look good and impress others. Very dumb reasons to go into financial slavery.
Great video, sharp young man, it provides us with a little hope that we aren’t going completely down the toilet.
Thanks a ton, I really appreciate it! 🙏🏼
But The news told me ive never been better....
lol 😂
Really nice analysis…you surprised me with the point about regulation and emissions standards driving the recent price increases…do a segment about how those standards have changed in the same period (2020 onward) so we can understand the impact
They need to get rid of all Taxation of every kind.
💯✅
@@Forte-f9u 💯💯💯 Exactly.
What about the rip off insurance rates and the yearly registration fees Smog fees .maintenance.
Untamed, not being able to sell the house could be a blessing.
Yeah my wife and I have been talking through that lately. We actually decided to remove the listing today. Staying here! =]
@@UntamedMotors Wise choice. We were looking for another house, too, but stopped because things are getting way too unstable.
The more land around a house the better. Especially in the times that are coming.
When is it NOT windy in Wyoming? I had a friend who moved their after college (geological engineer) and he lasted 4 years. The wind was his big compliant. Not the cold, not the snow, but the wind that just amplifies all those cold winter conditions. Most car dealers in y are have stopped with the silly 'market adjustment' prices, but they still like to "lard up" cars and trucks with thousands of dollars in useless options they won't take off (even service features).
can confirm, visiting the walmart in Laramie outright blew my hat off my head
Very well stated, time will tell!!
They should export those cars, there are some markets like Canada that the inventory is low still for some vehicles.
someone needs to make a 100 hp 2500 lb 2 door 5 speed with windy windows and sell it for 10k.
Closest thing is 2024 Nissan Versa 5M for $16.9K. A bunch in stock near me.
@@littlestinker9716 Nissan vehicle sales in the United States during the first quarter of 2024 increased by 8.5% year-over-year to 238,831. Unfortunately, EV sales barely increased this time.
ah but see safety regulatiins wont allow that.
This is exactly the reason why one of the best businesses to be in right now is Lyft / Uber...mainly for those like me that own paid-off hybrid vehicles such as the Toyota Pruis . Auto prices combined with insurance and maintenance costs are pricing people out of the driving market. People are financing literally everything, including getting from point A to point B. I am 41 years old, quit my warehouse job 2 months ago and took a risk to become a Lyft driver - It has been the most rewarding decision in my life. Sure, the cost of living and driving may change in the future - but it won't be anytime soon.
greed will destroy these people.
I'm at the Toyota dealership getting my 2012 Camry serviced. I have been casually shopping for a new Camry for three years but they haven't had any inventory. They currently have 5 Camrys on the lot right now and they are all high-end models (all-wheel-drive and highest trim levels). The models in-transit are similar. I asked for a quote on the Camry LE and they gave me a quote of $29K+ or about $3k over MSRP. What they have in the showroom is a Sequoia at $80K and a pickup truck for $70k. The other cars in the showroom are used. The car we had before the 2012 Camry was a 2000 Avalon and we put on 250K miles on it before trading it in. Car was actually in really good shape. So I still see shortages of cars, at least for Toyota. On insurance costs: you have higher repair and parts costs and I'd argue that there are more accidents today. People are driving faster and more rushed and with less care and there's just more traffic without similar increases in road capacity. We have a house in a place where houses are selling an average of $106,000 above asking price. There's very little housing available in New Hampshire and Massachusetts and I'd say that the economy is booming. We go to Costco a few times a month and the parking lot and the store are packed. People seem to be consuming like mad in our area. There is supposed to be a large divide on housing prices rising vs falling depending on your region with the northeast still being pretty strong. On lower-priced cars, there's the Chevy Trax crossover SUV for $21,000 and I've heard that Toyota is going to focus on lower-priced cars. We don't need a new car but I would like to replace our old Camry. I am not seeing that Toyota has to reduce prices, at least on the Camry..
Garrff called me last week and offered me 15,000 dollars on a low mileage 2016 Maxda CX-5 that is owned free and clear. I just laughed and said no thanks.
Yikes… 😬 smh…
Good call to pass.
The interest rates are far from the problem. It's the price of the goods & services that impact the most.
Every carmax is overloaded with inventory 😂
I traded in my 2017 Subaru Outback 3.6R in April of 2022. Got 28k. Only paid 36k, five years before. I held clear title (JUST paid it off), and this was CRAZY. Never had 28k in equity. I purchased a new Hyundai Tucson, and paid a 2k premium. I came up with some cash, and paid cash. Now? I have a two year old car, still with 3 years of a bumper to bumper warranty, and have banked all that money I was spending. In three more years, I will get me a sweet new ride. All cars will be on the table.
There were PLENTY of people at the Lexus dealer this weekend, tho… 😏
all of 'em makin' vids! muahahah
Lexus dealer in Austin had its lot cleared of cars.
Lookers and buyers are very different beasts. Then again, compared to delusional domestic vehicle prices, Lexus vehicles are a bargain.
Prices in DFW are still sky high. Used 2023 GXs, for example, are $60k.
Here is my method. I buy used upper end cars with great reliabily ratings with low mileage. I am not afraid to pay $1000 - $2000 or more over book value.
They are owned by people with some money and can maintain their cars. They also dont beat them to a pulp and then have YOU buy them.
Repairs will kill you!!
There is nothing more expensive than a cheap car.
Stay away from the classic money pit cars: Land rover, Jaguar, Chevrolet, Bmw, VW .....you get it.
It's Toyota/Lexus/Honda etc, for me!!
It may change in later years, but that's today's reality.
BTW unless you REALLY know what you are doing stay away from EVs.
You’re 1000 % correct on ppl succumbing to their desires for a new car and placing themselves in economic danger .. ppl haven’t learned to use their brains and leave when a salesman comes to them with a ridiculously high per month payment . I personally place the blame on the consumer for being this desperate for something new that they would jeopardize their living for that high ass auto cost
corporate greed is the main cause.
nope.. lazy americans are...
And a greedy population.
It blows me away when I still see dealerships in my area put "market adjustments" on new vehicles, and toss another $5-10k on the ticket. Their greed will be their downfall, and I'm here for it.
I'm still driving my Honda with 230k miles. No car payment. Never ever again .....You've got 4 kids??? You deserve an award!
Nice! Amen to that. There’s something so liberating about not owing on your vehicle 👌
Haha yeah, Mrs. Untamed just keeps having them… not sure what the deal is, she’s a rascal. 😅
Always love watching your videos! Don't change your sense of humor! Thanks for telling it how it is--quite a shocking truth when information is viewed within context--great job!
Increased MSRP is a result of the EPA and FJB.
You can still get good deals, hold steadfast! Love the video, fully agree with your stance and wish you and your family the best of luck! Best way to negotiate is to educate yourself and always be willing to walk away no matter how much you love a particular car/truck!
I totally agree, and indeed, we need to hit the brakes on spending like there is no tomorrow. My car insurance premiums is more than 100% up from a year and a half ago. Half of my monthly earnings goes to pay the mortgage and the other half for credit cards bills. My 19 years old son is riding a motorcycle, because he cannot afford to pay for a car insurance. It is ridiculous.
Good video untamed,Thanks
I appreciate it Jojo, thank you! 🙏🏼
You are a great TH-camr and a wonderful family man, we enjoy your TH-cam channel.