People Have STOPPED BUYING CARS!
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- เผยแพร่เมื่อ 28 มิ.ย. 2024
- People have stopped buying cars because the cost of ownership is too expensive. Car prices are still pretty high, even though they have been coming down, interest rates are too high for people to afford the monthly payments and even if you can afford both of those once you actually own the car, the cost of insurance maintenance and fuel is also too high. So many people are just holding onto their cars until the wheels fall off.
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Walgreens ISSUES STARK WARNING TO U.S ECONOMY! th-cam.com/video/Pkk9fe_D5kk/w-d-xo.html
How many miles, owners, dents/scratches/tire condition? Just trying to help you get it sold :)
Shameless lol
It's a gorgeous car Michael ❤️
You're lucky Dad lets you keep it with him 🙂
I had a 5 speed Nissan Pulsar. I absolutely loved that car!!! Nothing better than a stick shift🩵🩷💛
Lisi 🙂 How are you and Michael enjoying your travels? I think I might make a trip also. Looks like fun 😎 🩷
If your going to fall behind on your payments. Here is one of the best ways to handle it. I always have several credit cards that I dont use. They have interest promotions. Like no interest for 2 years on a balance transfer. Pay off the loan with a low or no interest credit card. The payment will probably be lower and you can get cheaper insurance. If all hell breaks loose and you need to default on that, at least they dont take the car. I did this before and paid off the car in even less time before the interest jacked up. Because there was no interest on the CC everything went to principle.
that car not worth your ask.
a little hiiiiiiigh, but a suckers born every minute.
People need to boycott these high prices and stop buying everything
I have not bought anything except basic food items in months. No clothing, household items, craft items. Can't afford it.
It would never have to be a boycott if people purchased what they can truly afford and stop spending money they don’t have.
Better to save,invest in those companies,and live within means. Avoid the FOMO.YOLO,etc..
Retire debt free and FIRE like me.
It’s coming and it won’t be by choice, after the election the bottom of the bag will fall out! Stay tuned! 🚨
Yeahhh, Go do that! We are in an economy that doesn’t produce. Stop spending an jobs get cut
I did my tiny part the other day. Passed on an $8 gallon of OJ at Wallymart. 😑
I haven't had a car payment in almost 20 years I buy my cars with cash and drive them until they fall apart
Clever man!
I am 50 and NEVER had a car payment. Ever
Same, but I maintain them to make them last as long as possible. I'm currently driving a 24 yo car, drives great, and still looks good because I take care of it. I'm not embarrassed at all to drive it, in fact I'm kinda proud of it. No payments, low insurance, no sweat 😊
My 2008 still rolling..no payments since!
Same here. I buy used.
If you can't afford to pay off a new car in 3 years, you can't afford the car. Ninety percent in this country have been spending beyond their means for decades. You don't NEED most of the things you think you NEED. You only WANT them.
Better yet, advertising makes people crave things . . . and it works, ads, commercials, billboards, etc . . .
Financial ruin on a depreciating accet just to impress strangers who don't care
Exactly i dont feel bad for people at all, some ok yes times are tough and it can get anybody, but most people were getting that free money and abusing it. U.S consumers are NOT smart at all then cry when income begins to suffer. I def live within my means and it allows me days off or leaving work early and not suffering, no extravagant loans or mods to my house or car and i can trim the fat to certain assets if need arises. Sure treat yourself to little things, hell yeah, buy that phone, get that game console, those are small debts or even cash purchases, but a whole ass house or car or mods; they dug their own grave
Tell that too my Gash Wife
@@greendesertgoddess Yep, ever notice just about every commercial is in a high end kitchen, or a crazy expensive back yard etc. Its genius marketing actually.
Beware of taking on debt for depreciating assets.
Depreciating liability!
And vehicles are the worst !
Unfortunately some of us who live in rural areas don't have a choice.
I recognized early on that vehicles were money pits and never wanted one to do anything other than get me from point A to point B. I still think fancy, expensive cars are for the wealthy and they can have them.
I fix everything, cars and trucks are the worst investment. I have 198k on my 2008 Tacoma and I just fix it when there's issues. I owe nothing on it and it runs good, I know people who have over 200k into vehicles f-in crazy
Personally don't even like modern cars. Way too much extra crammed into what is supposed to be reliable transport.
2 much technology
I can't stand new car "cockpits" the center console doesn't have to connect to the dash at knee level - every car does it now !!!!!!
Same here, just look at the plastic all over the streets after a minor accident. Those 4 wheeled tablets are toast.
Same for me. I've just kept my 2000 4runner all these years because I've never seen another SUV produced that even remotely interested me. Didn't care for the 4th gen 4runner or any of the models since.
My 1974 Chevy pickup can be fixed with just a wrench, screwdriver, vacuum gauge, and duct tape. And parts are still plentiful and affordable. Forget newer cars
Car insurance is what a car payment used to be and a car payment is what a mortgage payment used to be.
Things change over time. Grandma paid 50 cents haircut. Mom paid $5 haircut. Kid pays $50 haircut. Grandkids will pay $500 haircut.
Where will it end?
calculated this once in percentage terms in comparison with my parents. My father was an average earner, my mom did not work at that time. They have 3 kids and rented back then. Out of my Dads wage, 20% of it needed to go to pay the rent every month. Compared to todays prices (average income and rent prices) you have to pay 50% now and can never have wife without work and kids at home.
@@MrPhotodoc it will end when people stop buying and the super capitalists freak out and humble themselves
But we beat Medicare!!!
We are doomed.
The correct phase is we finally beat Medicare 😂
That was so funny.
We ? Im pretty sure you didn't do anything, he was talking about him and his imaginary friends
Trump’s response was PERFECT
Boycott the dealers. They're crooks.
Dealers rip off people stay away from them buy from private sellers
Don’t forget Biden who is originator of inflation with out of control deficit spending
Lol. Tell me you're broke without telling me you're broke.
F dealers. I,m keeping the cars I got until the end if their price gouge continues.
There are plenty of valid reasons why they're known as stealerships.
I make a damn good living I would never pay more than 35k for a new car. Who cares what other people think. Why spend a fortune to impress them.
Why do ppl automatically assume a new car is to impress other ppl??? I bought a new car so I can Enjoy a new car. Idk what others think.
$29,500 for a Mazda3 hatch premium package. I get plenty compliments for a $30k car.
Yup. Sure, I've had some cool cars. 01 BMW M Roadster. 05 Lotus Elise. Now 10 Audi S4. All bought used and all were 15+ years old when I bought. Got them all for a deal and a half. Not for anyone else BUT ME. I'm a car guy. I need not impress anyone. I love everyone. Why try to impress those whom I love? Amen.
$35k ???! I bought all my cars for less than $10k each and they never let me down. I have AAA road assistance membership for more than 10 years and I used it only once or twice for flat tire !!!
@@spikeisgr8I'm about to sell my 1997 series 1 Elise, now old enough for import to the USA. I've owned it for 22 years, any interest? :)
Cash for clunkers was one of the many crimes against humanity.
Very true.
It was anti capitalism and imo a forced measure to get people into the new tracking cars.
@@stevenwistort9903sure was those were good cars
It was an American travesty
I'm still driving mine.
“You will own nothing and be happy”
People are slowly starting to wake up to what’s actually happening. They laughed at first, called us conspiracy theorists and mocked us. Now it’s playing out exactly how the WEF said it would. Nobody’s laughing anymore.
Nope!! We got the last laugh!! Lol
"Eat zee bugs."
Or my main man God. Amen.
And with the war going in the Ukraine,corrupt eu leaders wef politicians all over the world it looks like there is no end....BUT i think (still hope)it s turning now
You will own nothing, and you will be happy?
There is a TH-cam video showing a man reordering a Walmart order from 2 years ago it was $124 and now $430
Yeah that was interesting to watch.
Yah, I seen that too, where liar news network said it went from $100.00 to $100.20, 4fuksake.
250%. Damn.
Saw that ! Crazy ! Omg !😮
Searching for the cheapest new car you can buy, with excellent credit, is still like a $650+ a month expense. That’s criminal and I refuse to pay that for a car
You don't want a $100k f150 even if it comes with stupid looking wheels from the factory?
@@fartdonkey8290 🤣🤣 If im not being charged for nitrogen, I don’t want it !
Good for you. Electric bikes are good for you and save tons of oil.
This is accurate. I went with a 23 hyundai elantra hybrid bc it was the cheapest option for a 2.5hr commute daily. 800 credit score, ended up still almost $600/mo plus insurance over $200/mo..mid you, perfect driving record...plus registration yearly.... Ended up getting a new job 2minutes away and I'm over this car.. I lasted a year and a half with a payment and I'm ready to sell it NOW, and drive my old paid off 2012 hyundai elantra that's parked outside in perfect condition. Never again will I fall for the car payment trap!
Buy a used Nissan.
Most People are not buying anymore!
Even real estate agents are finding new jobs.
People have no idea what has been planned for them.
Yep…leasing is the way to go. After 2-3 years of free maintenance, give it back and get a new one😊
Car manufacturers have ignored the middle class, they made high end luxury cars and trucks. And focused on fleet sales.1,800.00 a month for 84 months is nuts.
What ? Are you trying to tell me the retail workers , the delivery drivers, the warehouse/manufacturing, the office workers and food production workers don't have a 1000/month car budget? .. shocking...
There are plenty of cars for the middle class lol. Please do literally an due diligence kiddo
@@theunbearablebull not american cars, but you are right talking about imports.
@@theunbearablebullyou are right. Lol. There are tons of middle class cars. Hondas Toyotas Subaru all make good budget cars.
@@theunbearablebull I think you missed the point. I have a $70,000 pick up truck. PICK UP TRUCK. Same truck 20 years ago, and I assure you it was a better truck 20 years ago, $25,000. What’s different about it today compared to back then? More buttons to push on the dashboard. That truck cost 200% more today than it did 20 years ago. Most peoples income did not go up 200% in the last 20 years. That is the point….
I am 60 and a new truck on average costs more than my first house. No thanks.
In real terms, it doesn’t. What a stupid statement.
@user-uq4qe2om5y You don't even know where he lives to make such a statement though. There are houses that go for 65k in rural areas.
@@handsomeX A 60 year old could have bough a house 35 years ago and paid leas than 50K. But in terms of inflation over 35 years that 50K is now 250 to 300K in relative worth. I bought a house in 1976 for 23K....tax value is now 250K......but everything is basically 10X what it was in 1976. 10K was a median salary that you could afford a car, a house and a stay at home with the kids wife....It was a struggle but could be done. Now you NEED 100 to 125K to do that but it is still a struggle. The only thing that changes over time is the placement of the decimal point.
@bladerunner5810 If you don't mind living in a very small town in the south or the midwest, you can find homes for under 100k. It's not easy, but with some detective work it's totally possible. There are many government auctions where you can bid for homes and vehicles. Like I said, it's not easy, but there are very good deals out here, IF you're willing to live in an off the beaten path, rural area.
I'm boycotting this trend of using smaller engines with turbochargers, auto idle start/stop, and variable cylinder management. All gimmicks that dramatically reduce long term reliability in exchange for a couple extra mpg.
Hate auto stop/start 👎.
Very smart.
Those lawn mower engines don't last
Yes!
Thank government regulations for that
I hope the system crumbles faster and faster. people have been so foolish trying to keep up with overpriced goods and services. too bad for those who are caught in debt trap.
I agree
Car manufacturers strategy is sell less units, but get 10x more profit on each one sold. F them all.
@@eugenefirebird8938yup, its disgusting and the quality has gone to crap
I want you to understand something about what you just said: a crumbling system means some people will die and lose the way of life they now have.
@@chrismusix5669 yeah that is true, on paper you want to see people held accountable and people learn their lessons, but in reality you are right, there would be alot of suffering and pain; we dont want that, people just want to live, death isnt a valid spanking
Why cant they just make basic cars and trucks? Heck roll up windows and ac, forget all the leather, gps screens etc .
Because people didn’t even want that back in 1965
Manufacturers often DO have a low-content base model for promotional purposes. "YOU can own a NEW 2024 for ONLY $____/month!". Then most people see it and want more than that. It's been like that for decades.
You can still order strippped down base models from most manufacturers.
I think the leather isn’t a bad choice option, much more durable than cloth. Safety and environmental standards have added too much cost to vehicles for average folks to have to pay for.
Bc they gotta force us to pay $50k for crap. They SHOULD just rebuild/sell their greatest hits cars. Honda S2000. BMW Z3. Basically all cars 2000-2015ish. After that. CRAP.
Who wants a car that spies on you? And who wants a gigantic ugly impractical box?
I do! 🙂
Your cell phone is also spying on you...
I agree....most vehicles today are gargoyles that, from just a slight distance, in each category, look the same. Wish I still had my 1972 Cadillac Sedan Deville. Dealer sticker of $6100 was pretty steep but even at 10X is still less than most luxury vehicles in relative value today. Lunch at a diner I frequented in that time period was $1.00 which included a tip.....avg income 12K.....avg house 27K....reg gas $.050....
This is why I only buy beaters. No reason to spend $60K on a Lexus when the $1800 Toyota does the same shit except much cheaper, including insurance and registration.
People are going to have to get HANDY again and educate themselves on keeping cars repaired. I bought a 2005 VW Beetle Turbo for $800 on craigslist that purred like a kitten but the clutch was burned out. Bought everything I needed on RockAuto for around $400, followed a TH-cam video on installing a new clutch and it's now an outstanding daily driver and gets terrific fuel mileage.
That's how ya do it. Good work. I bought a '12, FIAT 500 off a used car lot four years ago. The clutch is still hanging in there but I've replaced other wear & tear items. Easy to work on, mostly.
I've never been trained mechanically, but I replaced both wheel hubs with new bearings, my front steering rack, and steering column. Even took the brakes apart and reassembled them. My 2006 Saturn Ion isn't much to look at, but dirt cheap insurance and no car payments is a god send. Those German cars are impressive. My Dad's 06 TDI made it to 672,000kms
Well done!!
Fantastic
Just wait till TH-cam bans repair videos.
Paying $60k for a truck is an IQ test imo. When I see a guy bragging abt how much he paid for his truck, I see him as an indentured slave 🙂
I am a farmer. I was quoted $97,000 to replace my 21 year old diesel pickup. i totally rebuilt all its mechanicals for 1/3 that amount and its running strong again. Should be good for another 125,000 mi.
I've said it before; refusal to buy is always the consumer's strongest weapon.
I't called Boycott.
It’s becoming more about not having the means to buy than refusal.
"NO", is a wonderful word!
Great Observation!
Auto corporate executives are living very large lifestyles. Printing money has caused inflation.
Corporate greed ruined this world. And MANY other things. Pathetic. Absolutely pathetic. Took the pandemic for me to realize how screwed up everything is. Shoulda read my Bible. Now I don't have to. It's all happening. Amen.
I woke up to the tragic drawbacks of our debt-based financial system during the last financial crash. Through discipline, determination and Abby Joseph Cohen my financial advisor, I was able to retire recently in my early '50s with a bit of land in the Williamson act on the California coast and an investment portfolio that can sustain my daily living. I try to spread the word and encourage many people I meet it is possible to achieve the goal of independence. Living below your means can be enormously rewarding! Practice humility and above all, Invest in the financial markets.
I know this FA, Abby Joseph Cohen Services but only by her reputation of being a former employee at Goldman Sachs; even though she's now involved in managing portfolios and providing investmnt guidance to clients. I have been trying to get in contact since I watched her interview on WSJ last month
How can i reach her, if you don't mind me asking?
@@TatomWyett
Well her name is 'ABBY JOSEPH COHEN SERVICES'. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
I was a stay at Home mom with no money in my IRA or any savings of my own, which was scary at 53 years of age. Three years ago I got a part time job and save everything I make. After 3 years, I am 56 yo and have put $9,000 in an IRA and $40,000 in my portfolio with CFA, Abby Joseph Cohen. Since the goal of getting a job was to invest for retirement and NOT up my lifestyle, she was able to scale this quickly to $150,000.
I hope she gets more of the recognition she deserves.
Candy bars…CANDY BARS are flipping 3 dollars. When I was a kid the same candy sold for a DIME. You could dig through the couch cushions and find change to get candy. Now you need to rob a bank
160z Soda and a candy bar cost 26 cents in the early 70's .
I got for a nickle in 50s about same size also yay
@@debbiec6216 I remember going to part stores with my dad in the early 70’s with 10 cent soda machines and 25 cents or less items in the snack machine.
@@1971_Chevelle_SS Two of my friends, had Chevelle SS , they would take them to the National Race Track and race them down the strip. aka Funny cars . The good ole days . When Life was much easier ( in my opinion of course ) . So many years later one of those friend , sold his Chevelle for $10,000 ( he took that vehicle and made it to look brand new. Inside and out. This person had his own business , rebuilding Race Car Engines . The two guys I'm speaking about , knew Famous Race car drivers. Big Daddy Garlit ,etcccc.
m&m's use to be 1.00 if i went to walgreens and got a coupon
.Soda would be 1.59 now its 2.50
A good truck should be 20k not fucking 38k
Try $78k
I assume you're talking about used trucks. 38k buys zilch in a new truck.
My van is 60k well worth it.
Car dealers want their cut of the free house equity gains people got for doing nothing during the corona house price bubble generated by the Feds 2.5% mortgage rates. They know people have that money (for now) and the dealers want it baby!
And you'll have people like the commenters above disagreeing with you. They've been so programmed and brainwashed by inflation and gouging that they think it's normal to pay the down payment of a small home as a car price...lmfao.
I want and need a car, but I refuse to get bent over. Won't do it!
Me too! These dealers are crooks!
Get a used Honda or Toyota
5,000 civic and chill
Good. That is the financially responsible thing to do.
Ppffftt, trust me they'll never get a dime from me! (F)Censored them!!!
I don’t understand how people can afford $70,000+ on trucks and cars. I make 150k and after federal, social security and Medicare tax I net $112k then after health insurance, retirement, and other deductions I’m at $92,000. That’s before mortgage, living expenses, and debt obligations. So even at my high income I wouldn’t dare touch a new vehicle. So how can people with 75k income and lower afford these ??
My wife was saying, “why does everyone else have $, and I don’t”! And I told her because they are negative spending and not saving for retirement! And your saving 20% or more of your income.
The middle class no longer exist
you are a person with common sense , who will not go out and end up buy a vehicle. just pay your debt off ( if you can ) .
long story short , I paid off our debt in our late 30's and 40's ( with a solid plan ) and I said I wanted us to be debt free
by the time we turned 50 years old. This way we can save more money for our retirement ,etc .
You can say , I am proud of myself for planning this when I was 17 years old . I am a person who likes to save , live within
our means and do what is right .
I'd say less than a quarter of the people that drive 70K trucks can actually afford it. The net worth rule says your car shouldn't exceed 5% of your total net worth. NO WAY everyone with a 70K car has a net worth with at least 1.4 MILLION. They are using massive portions of their monthly take home on the payment, insurance, and gas. One job loss or emergency situation and they could be screwed.
@@Hunterhunter-ir9nz Sometimes it makes you wonder who’s smarter, spend it all, run up the credit and have nice things, default, file bankruptcy, repeat. Save for retirement, do without, finally get to retirement, social security insolvent, means test reduces or eliminates benefit, wealth tax takes savings to pay for benefits for those that have nothing, so still don’t have nice things.
I work for Honda, we are still selling cars at a good pace but our brand is in demand because they retain their value better than domestic brands and are far more reliable.
Both of my VW diesel cars get better fuel economy than anything Honda makes, or any other Asian import. European diesels are the best buys.
@@DIVISIONINCISIONIt’s not beating my Honda Civic Hybrid
My used Honda Accord has been very reliable and great on gas. The Honda dealer I purchased from kept calling me asking if I wanted to sell it.
Plus you have lower supply compared to other manufacturers. I bought two brand new Hondas for my fleet recently.
Prices are still too high and the rates are too high for a lot of people. I'll drive my car until the wheels fall off before i pay jacked up prices for a new car. Thanks Michael and Happy Saturday!
My friend just today purchased with cash, a mint condition 2009 Corolla with 79,000 miles for $2700. He will be able to drive it for at least another 200,000 trouble-free miles!
Heck, I buying a new car is an old dream for me. Hoping my car lasts forever because I couldn’t afford a decent replacement. Hoping I never get hit. Impossible to afford to replace my car.
😅@@bryancarlson3673
Look after it and the wheels won't fall of
Same. 2010 Audi S4. STICK. Only way Jesus drives. With his hands. Just like before. Amen.
another reason i am keeping the older cars is that the new cars are not reliable. it has way too much techs that i do not need. but if i have the money to blow i would still buy a new car
I'll buy a boat for maybe 10k
The cars are too expensive, the insurance is too expensive, loan rates are insane... And traditionaly people replaced cars before they had to, cause new is nice... But now people aren't, and realistically it might have clicked with people to hang on to them for much long and new cars every 7 years won't be a thing
The average age of cars on the road has reached an all time high, at 12.6 years.
As for me, I'm going to buy just 3 or 4 vehicles, max, and then I'll be set for life!! You guys can keep turning that hamster wheel, while I kick back.
The price of new cars has become legalized theft plus the payments $700.00 plus for 84 months plus insurance and in some states the yearly license fees. The car warranty expires and you still have car payments then the repair cost which is barely under a $1000.00 which in most cases has to be put on a credit card and the debt slavery continues on.
Its def theft and corrupt. I work as a tech at a dealership and im disgusted, sure i make great money, but id sacrifice some of that at the cost of a nice steady stable fair economy, but sadly the world doesnt work as such. These people are essentially paying a mortgage on wheels and yet dont even own a house, its ridiculous
Beside buying a vehicle, there are also comes tags which are very expensive, monthly insurance, maintenance, and repair fees too.
Property Tax on the vehicle as well.
I was going to buy the new 2024 Corvette to attract the ladies, but since I am 82 I thought it would be easier to drive my 2015 Honda Odyssey with the windows down and throw out one hundred bills as I drive slowly through town, that would probably work just as well.
Yes, throwing $100 bills is a better idea, I hate Corvettes. What town will you be driving thru with the $100s?
@@shirleybennett5750 If you are pretty and want an 82-year-old man, let me know where you are and I will come to you. I was never a Corvette fan, but I do like the new one.
😎
No kidding.....
People are BROKE.
Most people are not broke
@@jackwilson3121most people don’t want to admit it.
@@Lyyca
That’s what broke people do.
People who aren’t broke have nothing to admit or to prove.
Life goes on without issue.
I haven’t met any you need to find better people in your life
@@jackwilson3121 If you carry debt, you're broke.
If you have a car that works, you are at a bigger advantage in life.
You would think demand destruction would drive the prices down. My local gmc dealer had sale listed on their trucks. So I stopped just to look. The one is 70kish with thousands in "extras". A sales man comes out and starts talking to me about the truck. I said. Well for starters I am not paying for all those " extras" he said, then I'm not selling the truck.... they ain't desperate enough yet.
No they’re not . We went to a lot of dealers and they’re all busy. So busy that new ppl were hired . Every State is different . He lives in FL and it’s nothing like NJ.
That's ridiculous! He refuses to sell because you don't want to purchase extras?! That should be illegal.
Go to a dealer, take test drives on possible cars you need. When you find the one you like, order the base model through the manufacturer. That right there could save you 10K.
Lots of the markets are being held up by fleet rigs from government intervention.
See F150s and who buys them: government contractors who are forced to Buy America(n).
Sold my truck. I walk to work
Electric bikes have gotten much better - not just for DUI's anymore
I would get a small motorcycle or scooter, best buy you can make.
You are my hero
@@ellwoodwolflol
@BillySBC I was thinking a one wheel, but my balance at 53 isn't the best. So yeah maybe a small scooter or bike in. I enjoy my walk too. 20 minute one way .
Just spent 1k on refreshing my 160k mile Acura. I'm waiting until these dealerships come back to reality with their business practices.
It’s not just the insane prices it’s the junk quality of new cars.
I drive a 17 year old toyota compact hatchback. Never gave me a major problem. Paint is faded, clearcoat worn off on the roof and hood and sides, but it runs like superman. I know people in their luxury suv's sometimes look at me and sneer, but all I gotta think for them is "just keep up the payments and you'll be allright". Have not considered buying another car, new or used for years. why should i go into debt for prestige or whatever the vibe new car drivers want it? don't make any sense to me.
Don't worry about the sneering people. If you want your car to look better, you could get it painted by a reputable company.
@@benton-benton Don’t know if there’s too many reputable places left these days. Most just want easy money insurance jobs or are flipping cars.
@@1971_Chevelle_SS Yeah I know what you mean. It was just a suggestion in case you could find someone who would do it right. Otherwise don't even worry about it. Just so a car gets a person around with no mechanical issues and not stuck on the road is all that counts.
repaint please.
I haven't bought a vehicle in more than a decade and I have no plans to buy one anytime soon.
I can’t believe an ice cream cone is $5 and a double cone is $7.99 at Baskin Robbin.
When people stop paying these prices they will go down
lol 😂 $6.84 for 128oz of Great Value - Cookies & Cream Icecream at Walmart.
0ne half gallon of butterscotch yogurt here at HE B is only 3.99 tasty and serves up to 8 people with cones@😮
If you live in Texas or Oklahoma, Braum's is better and it's cheaper.
Walgreens has 2 Blue Bell ice cream’s for $7.00
😂 I sold all three of my cars at their peak value in 2022 and made over $130,000. I decided not to buy a new car until I find one for free. For now, I’m comfortable using my bicycle for shopping.
That's so practical when you work and live in the South.
Sure you did lol
Well done. Soon you can buy a new bicycle for that $130.000,-
I'm glad I have an old school, wing-ding 2-stroke moped to ride if gas prices become too insane.
@@danettewelborn5577There are no cities in the South and none built before cars?
I don't want to think about the people who went for the e-car scam⁉️😟🤬
Who in the world wants anything financed in America?
It sure ain't me!!
The typical consumer has no clue about saving their money, only 'can I afford the monthly payment?'. Indeed, when it is suggested that they have some sort of saving plan, they will look at you strangely, as if it is YOU who has lost their mind.
And the proof of this is how many people get to retirement age and have little to nothing saved away.
So the answer is 'most people'.
You and Brandon are better than CNBC and Fox Business. Saying it like it is and not from a script
It is not inflation when you have all these PRIVATE, mega-Corporations raking in record profits....
When car payments are 3-4 times my mortgage NAWWW!!
Your mortgage is $300? Damn, nice!
Yep. Keeping my 2021 Jeep for a long time. Have no desire in getting a new car again.
Good news: there is an aftermarket part for every part
Bad news: there is an aftermarket part for every part, because every part will eventually break.
2008 Jeep Liberty here w 135,000 miles. Love it gets 18 mpg and liability insurance 30.00 a month. Put new tires on an older car and enjoy 🚙
@Dentalcoverage4u Wow you can absorb a 1 million dollar liability lawsuit with $30 mo coverage???
@@francismarion6400 I have a one million dollar umbrella policy covering me and the wife. It's about 300 bucks a year and worth it for peace of mind.
Jeeps are Lemons. Had one, constant issues on a 2014 Compass North, Piece of Crap.
Buying a car in America is a pain. Sales reps are horrible, managers are horrible the experience is bad.
My local grocery store keeps offloading sale items that are going bad rather quickly - immediate spoilage.
A sign of a weakening economy.
Cars were expensive during the 90’s as interest rates were double digits. Hold onto your car as long as the AC works!
Lol...yes as long as the air conditioner works, and as best mpg as we can afford too.
I just fixed my AC for $450 haha
@@SlimShady771$1,200 for me 4 years ago. Worth every penny on my 2009 Honda Accord V6.
@@chrisweidner4768 good deal. I'm a professional mechanic so I do all my own work.
As long as the windows go up and down.
I don’t have a car and not getting one any time so I’m glad I live in a city with a good bus system. I don’t have to worry about payments, insurance, or gas prices.
Dear Ford please order me a brand new 1970 Pinto. I had one in the 70's and I drove it for years. I won't need a EV because I am allergic to fire which was never a problem for my pinto. Thanks.
You might want to pick a different Ford if you’re allergic to fire, if I remember correctly, Pinto’s and Bobcat’s were known to burst into flames when rear ended.
@@1971_Chevelle_SS True. I had one. There was this little problem of the gas tanks exploding on impact.
@@1971_Chevelle_SS Then again, our 71 Pinto ran until 1984, when a guy bought it for the engine, to put in his airplane.
in 2017 when trump was president, I was able to buy a fully loaded Silverado brand new for under 40k the dealership didn't need my tax returns, or proof of a job, my mid 700 credit score and 5k down was good enough to get the job done. after that my payment was $500 a month and interest was 6% on the loan. Nowadays everything has doubled a new truck cost 80k-100k, the monthly payment is at least $1000 a month, and the interest is 10%+. what's crazy to me is when I bring this up to my boomer parents, they act like I'm talking about how things were 25 years ago, no I'm talking about how things were just 5 years ago!
It wouldn't surprise me, if an average vehicle will end up cost $100K .
Biden, trump, bush, obama, etc. Theyre all buddies behind the curtain. Unscripted actors creating theater for the masses
I'm a boomer. I believe you. That's why I'm not buying!
Maybe we were just spoiled before and fortune to have that time of life. It’s possible this is more normal
This was going on during Obama's administration before that. One problem was that the Fed kept the rate too low. And people emerged since Covid and want stuff and to travel. Now add a worldwide demand for fuel and corporate greed (driving up prices). Now the bill has come due.
I was in the market for a new smaller truck like a Frontier, Colorado, Tacoma, etc. and I quit looking. Unless the prices come down AT LEAST $10K I'm not a buyer.
Wait 6 months and get an even better deal. I'm on the sidelines myself. No rush 😊
@@Su-Jo Very true, no rush here either.
Best to wait until the coming recession, soon to follow layoffs, not long after fire sales start from the unemployed drowning in debt (unless Brandon comes to the rescue with a bailout).
Manufacturers stopped making cars people want/can afford.
👍.
Remember folks, it is not inflation when you have all these PRIVATE, mega-Corporations raking in record profits.
They are now only offering high end expensive vehicles. It is amazing how many of them are now 4X4s which most people will never need.
@@marblox9300 and there is nothing high-end about them. Cars have more problems today than ever before. These things should have a minimum eight year bumper-to-bumper warranty with the price they are asking.
I have been searching for an affordable used car for my daughter... it's exhausting, but I think I found one! I'm scheduled to check it out Monday afternoon so wish me luck.😅
Make sure you take it to your own mechanic and pay the $150 to have them go over it inside and out before you drop hard earned money on a lemon.
I was told definitely never buy
an EV. Lease them if you do want to go EV route. Technology is changing so fast with them. Buying a used one is insane.
Right! Everyone knows if you buy a new computer it’s slow and outdated in 3-4 years yet they drop 60k on an EV. Just stupid
Yes there have already been many issues with their batteries. I just heard recently several instances of people having to emergency call police and EMS during the hot humid heat to rescue them because the batteries failed and their doors wouldn't open. They were trapped in their car with the heat. And they aren't practical in the Midwest where there aren't many charging centers.
I tell you what. Being in 75k of debt during the crash in 2008 is completely different feeling from not being in debt with a paid off house in 2024.
Get out of debt!!!! And never look back.
The American dream has turned into the American nightmare. I’m giving up on America and going to Bali. Taking my former employer pension and renting out my condo and will live on $2000 VERY comfortably. Made 3 trips there so far to do my due diligence. At 50 years old, I see no reason to continue to work 2000 hours per year (86 entire calendar days/nearly 25% of the year) just to get by until I’m eligible for Social Security, which still won’t be enough for me to retire. One of my top reasons for leaving America is because, due to inflation, I am no longer able to be charitable with my money and time. That will all change September 1. My one-way ticket there is only $399 🎊 🎉
Yeah I'm wondering where can I go to seek asylum from our government? Lol
@@melindawhite5198 as my best friend always says, “go where you are treated best.“
No thanks
@@melindawhite5198 Snowden
What are you liking about Bali so far ?
I don't mind buying used cars, but most of the time they cost pretty much the same as brand new cars, how stupid that is.
I left the USA 12 years ago to work overseas. In a country with mass transit, I haven't needed a car. Mass transit is dirt cheap. No car expenses has made all the difference for me. Imagine if the USA invested in domestic modern mass transit instead of financing foreign wars and destroying foreign countries. Just imagine.
Unfortunately, the political will to do so is not there...
I agree. Every time I travel overseas, I can't believe so many people in the US travel by car. A few months ago, I took a 400-mile train trip to France. The ticket was $37 USD. The trip was a little over 3 hours with stops. By car, it would have been closer to 6 hours.
@@JBoy340a Americans would not want to subsidize mass transit like Europe does. Remember, the Europeans pay much higher taxes!
@@DIVISIONINCISIONNot always true at all.
@@treesnmoguls If people really had a say, and had my experience, there would be political will. Auto use has become a major expense in America. Plus, there's little if any DWI where I live and in the USA, there is ALWAYS somebody driving impaired. I bought gasoline weekly for 40 years. I haven't purchased a drop in 12 years. I save that money now. My daily transport costs about $1.50/day. Never a traffic jam, never a delay. 100 years ago, the US DID have trams and light rails but Ford, Firestone and Rockefeller bought them and ripped the lines up. Then came Levittown and the suburbs. Game over. If oil takes a likely big jump in price with the US at war on 2 fronts, then Americans are screwed again.
I am 65 year old. My 10-year-old Subaru with 70k still gets me around (fingers crossed). I was going to buy a new Hyundia truck Santa Cruz because I want a small pickup, but the dealers are still demanding ridicules prices. I checked insurance rates for truck, and they are crazy high. I think if my subaru breaks, I will buy one of those electric bikes for $1 to 2k and try that for awhile and call uber if it is an emergency or cross town.
How long does ur timing Belt Last ??????????
Most Subarus go to at least 100,000 miles before the head gasket blows. Make sure you change the oil and filter religiously and it will treat you well for several more years!
@@jimshoe402120,000 miles
I dunno about the Hyundai...not a great reputation for long term...How about a Honda Ridgeline or something with a good track record?
@@treesnmoguls Yes, I love the new Ridgeline.
People are confusing inflation with cooperate greed. Bye bye regulations.
They took the big 50% corporate tax cut, and now they are raising prices to take even more.
Sure Europe has had farmers driving tractors to their Capitals for over a year now. That means we still don't have enough regulations.😂
F em
People are confusing profits with profit margins. The margins have stayed the same and Target’s have gone down. It is inflation not corporate greed. Government is the problem and greedy AF.
SOMEONE SAID IT THANKS!!!
Car manufacturers keep offering these gargantuan mega-priced vehicles, they are ignoring the consumer and doing what makes them the most money and not what the consumer can afford.
Ppssstt, it's not inflation when all these PRIVATE, mega-Corporations are raking in record profits.
@@analyticalhabitrails9857 Sure it is, but it's being caused by unchecked greed.
I've been saying for nearly 10 years now... car companies are going 180 degrees from what the main market wants and needs. We need cheap, reliable vehicles. No bells and whistles. If one, JUST ONE, car company went this route instead of luxury and/or EV, they would be the #1 car manufacturer in the world by now.
IKR? I would LOVE to buy a new car with NO ELECTRONICS! NO COMPUTER CHIPS! NO POWER WINDOWS! NO POWER ANYTHING BUT BRAKES.
I want a new car with an engine I can maintain myself like in the old days. Honestly, if I won the lotto tomorrow I'd buy fully restored cars from 1965 to 1975 and a few I like into the 80s but that would be splurge considering that this country is about to become Cuba 2.0 at the rate Bidenomics is going.
We need reliable, inexpensive, and uncomplicated automobiles!!! Who wants or can afford all the bs we don't need!
@@Su-Jo 100%
The market has spoken and said it is willing to pay the high prices and wants all the whistles and bells.
@@Su-Jo You better vote conservative if you want simple vehicles to make a resurgence. The green socialist do gooders will have the cheapest vehicles over $100k before you know it, with all the extra added electronics in the name of safety and environmental regulations. Ultimately, it seems only the very well to do will have the privilege of mobility.
Japanese are the way to go!!!
The time to buy is when nobody is buying. That said, buy what you need, not what you want. The purpose of a car is to move you from where you are to where you need to be.
Car insurance is up too because car theft is up. EVeryday I walk outside to the street to drive to work and I pass by cars resting on 4 stands with all 4 tires stolen. New car? no thanks. I'll keep driving my 20 year old Toyota Camry with 200,000 miles on it.
Toyotas and Hondas are the most stolen cars. They are worth more for their parts than you can sell them.
You must live in a blue area.
Either that’s bullshit or you need to move already.
@@user-uq4qe2om5y a little exageration but really it does happen on average once a month at least. and that's only what I've seen in my 1/4 mile walk to my car in the morning.
So many comments saying, "Well, just stop buying" and "Don't buy what you need", which isn't possible for something like a car in the US, the majority of which is highly car-dependent and severely lacking in public transportation. Maybe not buy a car that's a lot more than you can afford, sure, but you can only get away with not having a car AT ALL and still live, work and play independently in only about 5% of this country
I think the folks you are referring to mean, "Don't buy if you don't need to" or "fix what you have before you buy another"...
Psst. The US Auto Manufacturers had a lot to do with that
Like the other man said here, pssstt, the Auto Manifacturer had a lot to do with that.
It is design that way so the people be dependent on the Auto Manufacturers, but no side walks, or anything that'll cause aspiration, and thus cause people to become thinkers, rather than indulgent/consumers.
You are vastly underestimating the number of people who live in dense cities where they don’t often need a car. They get by Uber / Lyft, mass transit, and walking, as we do in LA.
@@user-uq4qe2om5y Nobody walks in LA.
Yep - even selling cheap used cars has become difficult. People don't have the cash - they pretend they do, pretend everything is going fine - but they're broke. People who have never been broke before are now broke. Start worrying..
"Buyers" come in to look at vehicles - I don't even bother going out to talk to them lately, I let the other guy go do the blah blah - they ain't gonna buy, they'll have to "Think about it" or some such - these are cheap cars, not ferraris. Nothing wrong with the cars, it's the "buyers" - they ain't got the cash. They want to know can they finance a 2k car - no, nope... so they walk.. They ain't got 2k. They don't even have a grand. They have 200 quid & want to finance the rest. Broke.,
"Normal People" used want finance on 5k cars - they'd stump up for 1500-2k cars no problem. Now they can't - they want to, but can't. They want to finance them. That's scary. That's "Real World" car-money stuff - what can they pay in cash? Seeing some schmoe roll off in a fully financed 30-60k car is meaningless - that's a loan they ain't paying back, nothing more. Another problem for the Banks. If I was a masochist, I could agree to finance on those 2k cars - take the 200 deposit, let them drive off. They ain't never making the payments, even if it's just 200 a month. No way Hosé. They're buried in just surviving - even if they look all posh.
I see it too on the servicing side - big flash cars coming in, owner looking for the bare minimum service - oil & filter, worrying about the cost. Drop the oil - its never been changed since forever - because they couldn't afford to. They're sweating the cost of changing it now, 2 years too late.
Those are your REAL economic indicators. People broke. Simple as. No wonder either - cost of living is insane. I know why they're broke - the big boys are robbing them blind with bills & taxes.
Cars are impossible to buy in Washington. A used car about 10 years old is at least 8000, and that's not including the licensing fees!!
I've seen some 10 year old cars for $15,000 with 130,000 miles! 🤬
I would expect nothing less from Washington State.
Dam I mean Dam 😲.
Remember folks, it is not inflation when all these PRIVATE, mega-Corporations are raking in record profits.
@@watchmanonthewall14 It's pretty bad here. Local restaurants easily charge almost 20 USD for a single course. The people are too blind to think things aren't falling apart. Inflation has hit here pretty bad along with the rest of the country. You can't survive in this state off of 25/hr.- rent is easily 1.5k for somewhere in a hood!
let the house of cards come down, because the economy needs a major major correction and has been for decades, time to feel the pain yall, and pain is good for the economy, too many zombie companies kept alive when they should have been gone out of business, don't worry, plenty of new businesses can take their place and more investment opportunities
Car prices are too damn high!
And the rent is too damn high! 👍
And food is too damn high!!! Sick and tired of greed and shrinkflation.
Drive till the wheels fall off and its great not having a car note
I hope everyone have a great Weekend so far!😊
Not stepping into a stealership until they lose the market adjustment bull.
Im ok with my 1990 Toyota Corolla. Reliable, good on gas, easy to maintain, insure, etc etc
Glad l bought and take good care of my 2005 Jeep Wrangler. I could probably sell it for what l paid for it almost 20 years ago. I’ll never buy new again at these insane prices.
I love you America..You never give up I am a boomer from Europe but never forget how resilient you are. I know people are suffering and can never stop feeling for you. When the war was going on in Europe , you just burned your gasoline to warm us . I feel so helpless how to get you out of this predicament. YOU WILL SURVIVE, because your desire for freedom is greater than anything else
Are you OK? Do you want us to call somebody?
@@Su-Jolol hes fine
@@Su-Jo American Freedom.??? What is this dude talking about.??? There are more people in American Jails than in any other country.
the next 20yrs are going to be bad, until the rot in the government is cleared away. going to take many years, so i hope you are all saving, living simply and contently, buying old used cars, and have food/water stored just in case.
The government’s only going to continue to grow, just like terminal cancer😢 Don’t be surprised when it legislates old vehicles out of existence, you’ll buy electric or walk / bicycle.
Bought a car last week. 100% cash out of pocket.
Good job!
Hopefully, it was used, not new. Let someone else take the 30% loss.
@@JBoy340a yep! She's 14yrs old, but always been a dream of mine one day. Took a long time and restraint to save up, but feels so much better than getting a loan. I expected to feel some degree of buyer's remorse...hasn't set in at all so far 😄
Did the same thing 2 weeks ago. My lease was up on a 2020 rav4 and went and turned it in and they wanted to put me in a new car for more money and I said no thanks and took the $4000 and paid cash for a pre owned Lexus
No payments is awesome! I cheated and pulled a HELOC loan and consolidated my debt, bought a 06 4runner for $8500. Still paying that damn loan but its only $165 a month vs like $500 scattered about on different accounts. I couldnt imagine owing hundreds to one depreciating asset. I use to pay like $180 a month on a isuzu alone and i felt gutted every month lol
It not that people don't want to buy a new car .
It the dealer and car company price themselves out beon affordability.
There only 2way out for them drop price or face bankruptcy.
As for me car is just transportation to work and to pick up groceries.
My oldest van 30 years old my newest SUV 20 years old my newest car 🚗 15 years old.
Love to read a ad "Car ran when parked." Find out that was some 20 years ago and they want 10-15 grand for it.
People need to also realize the mechanics are baiting people into believing they need all kinds of things done to their cars. They are out to get their share of money with all these businesses trying to stay in business. I’ve been going through this since 2020. Every one I bring it to say I need to replace the catalytic converter and I know that it’s the O2 sensor that needs replacing. I have a code reader. I get mad and tell them don’t touch it. They want to take my Highlander converter off and get the money out of it for scrap and replace it with China junk. I use catalytic cleaner every other month. Another one says my swing arms needs replacing, about $2,500 job. Go somewhere else, they say it’s fine, but THEY find something else. Had a complete tune up last year had all my spark plugs replaced and 6 months later coil is cracked, because spark plug was loose, or so they said as they bring it out and show me. I keep track of everything on my car, because I don’t want a new one. My car runs fine, just hope I don’t get into any accidents. 😮
My Outback is known to kick a P0420 code occasionally which is catalytic converter. I will fill the car with premium and take it for a highway drive and romp on it a little bit. Get it nice and hot and hope it clears buildup. Clear the code and think nothing of it. Was taught this trick by a very good mechanic.
Was just quoted 13k off a 60K Silverado - FYI - their first pitch
The car payment + auto insurance + gas/toll + maintenance fee + tags = the cost of owning the car
The dealers want $700 administrative fees and I had one dealer try to force me to buy a 6 month warranty for $1300 additional! 🤬
I work with a guy who used to sell cars, he said those administrative fees cost them about $10. He also said they are absolutely negotiable. He said most people overlook them, but if people would see them at around 400, $500 and complained, he said they would drop them down to as low as 50 bucks once in a great while because people would literally walk out on the sale because of it. Total scam!
*Amazing video, you work for 4Oyrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires*
Hello, I am very interested. As you know, there are tons of investments out there and without solid knowledge, I can't decide what is best. Can you explain further how you invest and earn?
Same, I operate a wide- range of Investments with help from My Financial Adviser. My advice is to get a professional who will help you, plan and enhance your management skills. For the record, working with Michael Wayne, has been an amazing experience.
Hello how do you make such monthly?? I'm a born Christian and sometimes I feel so down🤦🏽of myself because of low finance but I still believe in God
I'm favoured, $90K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America,, all thanks to Mr Michael Wayne
Good day all👍🏻from Australia 🇦🇺 I have read a lot of posts that people are very happy with the financial guidance he is giving them! What way can I get to him exactly ?
Buying a Used EV is insane 😅
Biden signed in 2021, earmarks $7.5 billion for EV charging programs. Pete Buttagiz heading everything. They have built 8 charging stations so far. LOL
Buying any EV is dumb
No, it's not. Make sure the battery has been cared for properly and make sure that you can charge on 220 volts at home. EVs work well for many people, just not all people all of the time.
If they're made in China they will most likely burst into flames. Serpentza will tell you all about it and show you too . . .
@@snowrocketEVs will never last as long or be as reliable as a gas car. You get what you pay for. Any potential savings are offset by lower resale value and maintenance.
Even keeping a 15 year old car running is thru the roof. $800 to put a new starter in my car because the more affordable rebuilt ones are not reliable. But still better than a car payment. 203K miles on it and trying for at least 300K.
Rebuild the original starter with $20 of new brushes. That’s what I did on my old 4Runner, very easy to do.
Too high. Google the repair next time or get a Haynes repair manual. Starters are very easy with like 2 or 3 bolts and less than 100$
Drove mine until the wheels fell off. 24yrs hand crank windows, 5 speed. It helped my finances so much not to have any car payments and little repairs. Highly recommend.
I got sick of all the crap missing from my base model 90s 5 speed Toyota so I went to a junkyard and got everything I needed to add in power windows, AC, tilt column, power locks and found a low mile interior. I didn’t find any rust when I took it all apart to do all that so this thing is solid as a rock! I’m planning on driving this thing forever. For anyone dealing with brittle 90s plastic, if you can get it apart intact paint the backside with a bucket of flex-seal! I did my whole dash and all the trim so that it’ll last much longer. Old plastic is a pain in the ass!
One repo will ruin your life. They will sell it and make $5000 , send you a bill for $5000, bad credit, no one will ever loan you a dollar again.
BS. I have had 2 cars repoed when I was younger and now have an 860 credit score and multiple mortgages. I can borrow whatever I want but I choose to keep my debt confined just to my real estate. Your credit will recover over time and if you are going to be stupid with your finances at least do it when you are young so you have time to rebuild it.
Some credit cards on autopay will help you fix your credit. Don’t carry a balance but buy everything with a credit card.
Ppfffftt lolol, good thing I never borrowed jack from The BANKS!!
Well….thats not actually a bad thing.
@@markadler8968 The problem is most people in general are horrible with cash. They don't like to admit it.
cars and houses are way overpriced and insurance needs to take a hit
Everything is to expensive !!!
People needs to sit and just hold out for a year or so .
I know the Economy worse than anything I have ever seen . 2008 wasn't that bad , just 2020 - present .
I adore your videos, it’s been fun hearing from your parents too lol
Back in the 80's I bought a yellow i -Rock Z my payments were $299 a month, I lived home for free and paid it off in 3 years. I worked my butt off I was so proud of that accomplishment .