How to buy a car without getting ripped off (Marketplace)
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- เผยแพร่เมื่อ 16 พ.ย. 2017
- How do you buy a car without getting ripped off? We go undercover to investigate how some dealerships push long-term loans without explaining all the risks.
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That honest guy from the Mazda dealership deserves a kudos for his honest work.
fuckyzeit he’ll probably get fired for being honest haha
He really doesn’t. It’s sad, we’re at point in society where we are complimenting things that people should be doing already. It’s good that he’s honest but it should be expected
@@alexzhou7 Yea it should be the standard but it isn't so he dose deserve a compliment
@@alexzhou7 Unfortunately, working is sales is hell. I did that for a couple of years when I was in my teens and believe me, if you don't reach your targets - you're out the door. Or worse, they humiliate you in front of everyone.
That's why I never went into sales. I'm honest. I'd get eaten alive!
Notice how there was only 1 honest guy? His manager probably fired him by now.
Michael Simion 😂😂😂👌
Maybe that year people are looking for that guy. Just saying
@@doom-driveneap4569 dont find that funny
Jibrahn Escalante S bus
I.was thinking the same thought lol
I was fortunate to work in a dealership that aligned customers with the right vehicles and budgets. We would be fired for misleading customers.
@TR.REDMN .... care to elaborate the brand name & city ? no need to be more specific .....
3 months the Hyundai was breaking down every week? NOTHING BEATS HONDA AND TOYOTA IN RELIABILITY.
@@JoseFernandez-wu8pj nothing.
@@JoseFernandez-wu8pj Mercedes E-class, BMW 3-series, VW golf and beetle, good saabs, any rear wheel drive volvo, and these are just the ones off the top of my head. Also a lot of Hondas tend to have transmission issues, and Toyota is still in the stoneage when it comes to technology. Idk why people think because one car is reliable or unreliable, or if you buy an abused used car that it represents the quality of the whole brand.
Get an old buick. Them bitches will run forever
My friend was trying to buy used car cash and her budget $9000 or below but the guy told us "we prefer finance over the cash" holy red flag we run away. The story happened in Edmonton 😂
based on my information they love cash
@@ahlamsoliman52 no, car dealership hates cash. Financing is the king.
@@Gstunfisk wow
@@ahlamsoliman52 yes times have changed. Cash means less profit for dealerships.
@@Gstunfisk thats crazy because I only use cash lol
They should teach all this and more in high school.
Al X but won t cause this is a great way to trick young people and get money flowing
High school can’t teach everything to everyone. However, when I attended there was a course called Consumer Education that I took.
At least we know PeMdAs
Al X Or study finance, you will learn all about this.
I don't even understand what it means to get 0% interest on a loan? Or is it a car? I feel so dumb. But I really was just never taught, and when trying to look for the answers online. It is still confusing to me. But, I blame my irrational and emotional brain for this. I am trying to learn new things little by little every day. :3
The honest guy is from Yorkdale Dufferin Mazda. He is the pre-owned sales manager! His name is Ali. I purchased a car from him. Great guy! Thumbs up for him!
borae77 dealers make more on used cars than new!!! You don’t know what they own used cars for but you can a simple google search to find out on a new one.
If that's really him he is a nice guy!
Janice- while it is true that the margins on used cars are higher, it was still a great experience.
Here's a tip: buy used cars instead. Cars that are 2 to 3 years old and have relatively low mileage will be worth so much cheaper than if they were new and you'd still be able to get much of the car's true value.
Maybe 15-20 years ago. Have you seen used car prices lately, not to mention the rock-bottom interest rates on new cars? I just traded in a 2018 with 60k miles and 3 years of 5 kids' spills for more than I paid for it. I got into a 2022 for about what I still owed on the old car, with a better interest rate.
@@corsairsofnarshaddaa A couple years ago I was shopping around for a used car and most I thought weren't worth the price so I kept looking. Found a couple but were sold unfortunately. Decided to hold off and wait for a better deal then the pandemic hit. Wishing I just scooped one up. I'm gonna keep holding out until it's not ridiculous.
@@corsairsofnarshaddaa Stop taking everything on debt that's it's own problem, and paying 5000, 10000+ more on it. You know you're going to need a car in X time roughly. Just buy the damn thing. But that doesn't really say anything without the car types and options. You can still get decent cars from great brands for 3, 5, 10 grand (older than 2-3 years though) whereas the new one would cost you 30-60k easy. Especially at 24 working 2 jobs around min wage, paying 400$ a month? That's insane. That should be your rent with a roommate, not your car payment.
@@corsairsofnarshaddaa why would a dealership give you more than what you initially paid for a 4 year old car. It doesn't make sense to me.
@@Rspsand07 That's what I was thinking...I just bought a used car for $5000 with cash and I try to avoid debt like the plague.
I must have been living under a rock for not knowing they make these kinds of videos. Thankyou CBC!
Who is the honest guy that explained all the financial options? They should at least give him well deserved credit.
kokotiong they are gonna fire him
He is at Yorkdale Dufferin Mazda. He is the Used Car Manager. I bought few cars from him.
kokotiong he would get fired
He may not necessarily get fired. Sales people are paid to sell. As long as they do that, mangement is happy. If he is honest and can still sell, they won't fire him.
I know this may come as a shock to some people, but there are honest lots and honest sales people out there.
My school had an economics class that we are required to take before graduating and they taught us everything from buying a house or car and even starting a small business, I was surprised to find out that not all schools did this
Most Engineering Degrees from Canada and the US are the same. Very helpful.
epic neko rocker
hello gaian bro ive seen you in rally
Parents and personal responsibility
I took econ in highschool they did not teach that, learned from my mom who went with me to buy my car.
Lucky we didnt have anything like that
Bought my very first car at 21 at my local Mazda dealership and they basically told me the same as the Mazda sales associate in the video. Recommended a 4 year loan but I ended up settling on 5 instead. Surprisingly was a good experience for my first time buying, they were honest and genuinely wanted the best for me.
My family always taught me, if you can’t buy something in cash, you can’t afford it. Of course the house is the exception because it appreciates in value. Cars don’t. I plan to buy my first car, $23,000 in cash in the Spring so I never have to worry about interest or monthly payments.
I very much agree with You. However wouldn't it be better to buy a used car for cheaper? Since it would be your first car. Other reasons too for example You would have the money for fuel for quite a while. But You do You. Good luck.
@@matiissmc8987 that's what I did. I've owned a total of 4 cars outright my whole life. If I want a new car I save, sell my old one, and by another one out right. I don't plan to buy a brand new dealership car till I comfortably pay it off within a year or 2. When I'm able to do that my credit will look amazing and I'll have no problem buying a house. But still the thought of driving a car I dont completely own is terrifying lolol.
Also with 6-8 year payments you dont want the car after 2 or 3 years.
@@matiissmc8987 that is a good point. I have looked at some good used cars for half that price. If I plan to keep it for ten years, a new one is tempting but the price of 2018 sedan I’m looking at it is about 12,000 and that definitely looks good. Haha. I can wait a bit longer to get a car now that they extended our remote work until September. I got some time to think about it more.
@Brad if you want to make some money buying your car in cash, do this instead, trust me.
If you're able to pay it in cash, OR 0% financing for 5yrs, do the 0% financing, and Then just invest the rest at an avg of 8%, that you would have spend into the car 👌
1. Buy a car to go to work
2. Go to work to pay the car.
Izham Shaari u ain't never lied
buy the car outright no need for payments...just don't buy into getting the fanciest car out there.
I mean you can ride the bus but that ain't free either 🤷🏻♀️
@@k-isfor-kristina $60 in bus fares bi-weekly sounds a lot better than $150+ for a car (not including insurance, gas, etc)
@@jessiequinton9974 yeah not to mention if the bus breaks down you don't have to fix it
FOCUS ON THE FINAL PRICE OF THE CAR.
DONT FOCUS ON THE MONTHLY PAYMENTS.
You're wasting your time.No one will listen. Most buy on 'emotion'.
You should always apply for loan before you walk into a dealership. Then you know what you can afford.
Tomas T your comment makes too much sense... the video never addresses this level of common sense
I think understanding BOTH is important. Yea the final price is important, but so are the monthly payments. Can you afford to buy the car in 3 years or do you need lower payments at 4 years to leave room for cost of maintenence. Also I think people need to stop this obsession with buying brand new cars, buy used for 15k or less. You'll have much lower payments plus depending on the year some are still covered under warranty.
AGREED
Years ago I didn't realize how much I really paid for my car until I looked at the paper work. I was so angry at myself for paying 17% interest. I was 21 years old and went alone. No research, no knowledge of the vehicles I was looking at, and no clue how slick the saleslady was. She pretended to be my friend as a woman. I was a deer thrown to a slaughter.
People stink grandma.
takes 20 minutes of research to learn
but even then don’t feel too bad
mine was at 16 percent and i think it’s normal because of our credit score and it being our first time car buying.
@@fer3600 nah that’s really high even for first time buyers. I got my first brand new car, never finance anything in my life and got approved for 1.9%. Salespeople believe it or not will try to do anything to make you buy that day and hassle you until you sign it on the dotted line. So you need to play along and also hassle them as well.
Wow and here I am with 4.7% interest and think it is way too much.
I'm so fortunate to have my dad. He bought the car and paid in full and I agreed to pay him back in smaller payments. In the long run much much cheaper
Damn you lucky. Wish I had parents who had any type of money.
You’re blessed. Everybody doesn’t have bankrolling parents.
Helicopter Parents. You are what is wrong with society across the globe.
@@jeeess9979 cope
@@jeeess9979 jealous much
The Mazda guy at 9:20 just made the best pubblicity to his company while still being honest and helping the costumer. Props to people who really have a working strategy. Just look at the comments here.
eagle
MAZDA is still a garbage car for the money
What kind of Car do you drive Moron
Had the best experience at a Mazda dealership TBH my worst experience was at a Kia dealership.
U
@@-First-Last a new one? maybe...used? nah miatas are the best
That Mazda guy has to be the most honest sales person I've ever seen in my life. Wow. If I was there, I'd hug him!
Dont be toooooooo sure
MORE REASON TO BUY A MAZDA.
Pinoy Car Loans Canada
He would hug him for being honest, he didn’t say nothing about buying the car
Pinoy Car Loans Canada
Not everyone, but in businesses, people can get caught up in trying to get money, cause that how people are. It’s not a phenomena in the car industry, but in others, too
When my grandfather bought one he was shown everything and was aware of the cost.
This is the news reporting that betters the world. Thank you for this.... I heard Canada as I was writing this and now it all makes sense.
Working two jobs, just to pay something that can bring you from one job to an other, I found this frustrating, thats really sad for that person
Here’s a secret that no one wants to hear: Live below your means and save save save!!!!
Amen
That has been my motto and I am now retired with no debt. I never bought a new car.
But the police said it was illegal to sleep in my car :(
Easier said than done for some people.
what are you saving for you ,mean like squirrel saves for the winter. save it allll dont even eat so you wont have to use toilet paper.
I wouldn’t work 2 jobs for a Hyundai
Brandon h normally you wouldn’t have too, Hyundai’s are cheap and cheerful cars, but the fact that the negative equity from her previous car was added to the current car made her payments close to something to the equivalent of a luxury compact or a midsize moderately specked family car.
For the amount of debt that she's in, it's like she's paying for a Corvette. She literally got scammed by the dealership.
Her alternative at this point is reposession, or selling the car and making up the deficiency in the note somehow. Maybe the latter isn't an option and the former is unpalatable. She might be able to get out of the deal through the state regulatory authority or hire an attorney. I agreed to a really bad car deal when I was her age, contract was invalid and the AG office in my state got them to unwind the deal.
3 months into a new car and it starts breaking down that is just bad luck and/or a lemon.
if your credit rating is R4, you wold work 4 jobs.
5:36 "The man who enforces it all is John Carmichael." CARmichael... he was born for this.
XD
0% for 84 months! That's insanely good! Normally, the length of time of the loan equates to paying more interest, but here there is still 0% interest.
Instead of interest there will be a flat admin fee or something along those lines, with the value of the car being less than the loan amount.
I’m not even Canadian and I love CBC Marletplace. Such a fantastic consumer advocacy programme and it’s taught me questions to ask and tricks to watch out for in my own consumer market
Same!
me too!!
Me too haha
same ! I am from Australia
Yup
Who in the hell would pay $30,336 for a Hyundai ???? that's insane.
Rex Lint 😂😂😂😂💀
30,336 Canadian. That's about $23K USD at today's exchange rate, which doesn't seem all that much off for a new compact car.
"Chantelle" and many others who are as ignorant.
the msrp of a corolla is 19k canadian
As a car dealership it's common price for a new car like Hyndai
Shantel is a trooper! I'm impressed with her ability to work two jobs on 3 hours of sleep!
Just an awful situation that shes in. I really hope things are okay with her
Should've just sold and got rid of the car and bought a reliable cash car
@@TheIronChainMasterhow could she have sold when what she owed was more than the car is worth? She would have still been in debt several thousand and without a car!
When you pay by weekly instead of monthly then you double the risk of messing up and not being able to pay them and them taking your car way. Never except a weekly or by weekly payment deal. Always do a monthly deal.
A weekly pays off faster though so you end up paying less in the long run. If you know you can make weekly payments it's the better option financially
@@TheMangoMovement No, It is better to agree to monthly payments.
Then you still have the choice to pay more. I know this because I done it. I made an agreement to pay a c as r off in two years with a $500 intrest payment every six months. I paid it off in a year and a half and saved $500.
If you work in the weather like I do and it snows for a week and you cant work then there goes your car after paying on it for a year. Weekly payments are a bad gamble!
Bought a Lambo with a 107 year loan. With modern tech im fairly sure ill live to 110 so was a good buy
That would have been an awesome buy if you knew you only had 2 years left to live lol.
Lol I laughed and I laughed...
Baron von Limbourgh yea but your family would have to pay for it 😂😂
Tony Nicholson what if his family is all dead
Savage Sebastian somone gotta pay for it or they will probably take his house or sum
After 2 years of working in car sales, you can’t help but to feel bad for the industry. I get it, people need money in their pockets. But till I got into the industry, I never met real terrible people in my life. I soon realize that almost everyone is a genuinely bad person in that industry. You wouldn’t believe the type of pressure and sleeziness these people had under their sleeves. After how it affected me mentally and emotionally, even physically, I am glad to say I am out of the industry for good.
To all the people who need a car and wants to buy one, here’s my advice: please think. Don’t buy on impulse. Always negotiate price first. But be respectful, there are still good sales people out there (like shown in this video). Hopefully you found some use for some of this, I never comment but I felt like I was compelled to.
Thank You brother. God bless u
You available to come with me to purchase my next vehicle? lol Need an insider's help
Life! full of scum! in every walk
If you read this post, can you give us several things that they do like examples or something?
Totally agree with you man. I used to work in the industry as well, on the parts+service side and the amount of sleeze I encountered is UNREAL in the industry. Not everyone is sleeze though, and I did make a few friends in sales during my tenure at the dealerships and when I buy, I will typically go through them.
ALWAYS ask what the OTD (Out the door) price is for the vehicle after taxes and mandatory fees. Once you ask that question they’ll know they aren’t dealing with a customer they can rip off. Most customers just ask what the payments are. And never finance for more than 60 months (5 years).
Thank u sir,/ma'am!
It’s been three years since airing... she STILL owes on that first car. Insane.
Everybody saying she shouldn't have bought a Hyundai like a Honda would have solved her problems lmao What she shouldn't have done was buy a brand-new $30,000 car on an hourly cashier's income.
Honda's have enough transmission problems and they cost an arm and a leg. Hondas aren't what they used to be.
@@heidernheinreich4827 just get a manual transmission Honda. Their CVT is garbage, but motor is still decent. Most CVTs are a failure waiting to happen.
A Honda wouldn't have broken down after 3 months though
My 2018 Camry was 33k and I'm working on an hourly cashier's salary, I have no problem.
You’re better off buying a Honda or Toyota
Love this. I am from India, having worked in automotive sales for 23 years. I have worked in India and the Middle East. Lost my job for being honest to a customer. The customer came to exchange his old car (which was on finance), I advised him not to sell off the car as the new car instalment shall be a huge financial hit on his salary. Unfortunately the customer was a mystery buyer, the incident got reported to my management and I was sacked!!! So much for being honest!!
Thats terrible! How can just being honest invite such punitive actions?!
@@palladium607 The company must have thought that I was encouraging business loss more than generating business.
Honestly you deserve a better company that represents who you are as a person loyal to your conscious and an amazing honest human being! I’m sorry you lost your job but I truly feel you deserve better, people now in days aren’t truly caring for someone else’s budget more than a bonus for a sale YOU deserve serious recognition!
Honest people are very much hated in the luciferian world we live in.
Sad. I would have gone to someone else and not have told on you..
I love how calm and composed Chantelle is and does not let stress and worry get to her. I wish they asked her how she could be like that, so calm and cool.
You can only stay in panic mode for so long. Then you get used to stuff and it's just an unpleasant part of your life. I'm sure she's had quite a while to get used to it.
They did ask her how she was so calm about the debt, and she said that she had just accepted it, she wasn't going to get out of it, and she had to pay it.
@@mattcrandall5045 So acceptance, and just coming to terms with it, instead of being bitter, resentful, angry, worrying and stressing yourself to poor health. Thank you Matt for pointing that out. So, that, acceptance, is one of the ways that people stay calm and cool through the upsets of life, I guess.
@@rsrs6959 yeah she just accepted that the debt would be there. You can tell it definitely bothers her, but she isn't letting it consume or overwhelm her.
@@mattcrandall5045 For some people when unpleasant things happen in life then that "consumes and overwhelms them." but then there are others, that sail smoothly through life. I really admire that quality off her, that "she isn't letting it consume or overwhelm her." I want to find out that apart from *acceptance* , *what other thoughts, attitudes, and what other things help one not be consumed and feel overwhelmed by the lows, the unpleasantness, and the mishaps of life, and stay calm, cool and composed* .
I'm re-watching this because I just had a Chevy dealership tell me that I needed to put down a $500 deposit for a "credit check". I kid you not. Of course, they told me that the deposit was fully refundable - not true.
84 months over 300 a month for a Hyundai??? Never in a million years!
James Wilson $300/month x 84 months due to the $17k of neg equity, making the actual cost of that car $50k. This woman is just a fool who parted with her money.
They don't have lemon laws in Canada? it's obvious she got ripped off by that pos Hyundai
What does being Hyundai have anything to do with it? I know someone who paid $600 a month for 7 years for a Nissan Rogue. All the dealerships do the same if they can hook someone to take the bait. And how about the other car manufacturers. GM and Chrysler aren't exactly at the top of the dependability chart. Land rover and Jaguar are the worst with regards to reliability. Honda has had electrical and transmission issues and has dropped to the middle of the pack. Toyotas are overpriced, made in the Americas or Mexico and their interior fit and finish is horrible. For example, look at the Toyota 4runner. Big on the outside. Tiny on the inside. Too much plastic, outdated 90ish interior and I'm only 6 feet tall and I feel cramped. There isn't even basic comfort and luxury. Toyota are not only cheapskates. Their living off their past glory. And it's not the brand but the model. Hyundai Tucson is rated high in reliability. So is the Hyundai i20 in Europe. And the best bang for the buck Elantra. You're living in the 90's kid. Things have changed a lot since then.
@@heidernheinreich4827 yeah I notice that about Toyota I'm 6 feet to not enough room vw makes them about the right size though
@@mkratos17 they sure are...and the 4runner is supposed to be a bigger version of the highlander
I like it that the Mazda employee is the one who is honest in explaining.
That's why i drive a miata :)
mazda are amazing cars! Loving my 2018 Mazda 3 Touring hatchback :)
@Swiit Lime year round, baby
Still driving my 2007 Mazda3!
I used to really like the people at the Mazda dealership when I drove a Mazda. Always honest and helpful. Now I have an Acura and they are just meh
i bought a used car few years ago and the salemans face when i said i only want a 3 year finance was hilarious. He kept trying to argue with me that if i take a 5 or 6 year one, the monthly payments will be less.
The best thing to do is to find out the price on internet and different dilers and then make a decision.
Heartbreaking to see this happen to her 50k for a Hyundai. I say repo that junk save enough money to buy a used cheap vehicle to move around. Wasting her youth killing herself working two jobs. you can see the stress in her face.
Nathan Anderson I don’t think she has tooth gap insurance
Yes, just buy a beater car from Craigslist or also (Letgo and Mercari in USA, Kijiji in Canada) for $500.
That's just it, they broke the lease or contract with all the bs they did. So I'm pretty sure she can get out of it.
00crashtest I have two beater cars.
She is a victim
"I'm not here to buy a payment book, I'm here to buy a car." That changes the tune of the salesperson real quick.
5:36 John CARmichael
When it comes to your money, no one is your friend. Everybody wants your money and does not have your best interests.
Dealerships won’t let you get out empty handed. I went to Hyundai dealership to enquire and there were like 4 people on one table eyeing on me like scavengers and pressurizing me to get it.
The only biggest mistake I made was I went alone and it was my first time and hence I actually got trapped in their talks. It’s exactly the same which happened to me.
They convinced me as if I don’t have to pay anything and hence now I’m trapped with 7 years payments. Lol
Lesson learned: NEVER EVER go back to this dealership or any other dealership selling this brand of cars. Period. If you are fooled once, it's not your fault, but if you are fooled the second time, it is definitely your own fault!
Why buy a brand new car for your first one? You can buy a reliable Honda or Toyota for a couple grand. Pay for it with cash upfront and then save money for the future. Done.
Squidward's House and make sure everything is written down and not said
Also Kia is actually reliable, better than Nissan but not too close to Honda, in reliability
A person cannot buy a reliable anything for a couple of grand. An eight year old Honda Civic LX in good condition will cost between $6K and $7K.
I think that was a figurative speech to emphasise how much less you end up paying for a used car.
Squidward's House true, also new cars are expensive and depreciate quickly, also the warranty can be an issue if you do even the slightest of mods like a new oil filter if you don’t read the warranty’s terms closely.
biweekly!? Those aren't low payments in the first place
Wolf House THANK YOU!!!!!! Bi weekly pfft. Who wants to psh in s car twice a month???
Wolf House they say it like that to make it sound cheaper. If they said $300 a month, people might think twice.
The average car payment consumers have today is 400-450/mo
@@crystalkadletc1944 Paying a loan in more frequent payments can reduce the overall interest you pay. It doesn't matter how frequent the payments are, it just gets paid from the monthly budget anyway. If the frequency of the payments of the car is something that you have to consider or bothers you, you can't afford to finance a car.
@@ToyotaTom04 for 7 years though?
This video is extremely helpful even for countries outside Canada, appreciate the efforts put in
My question is: why buy a new car when you can't afford a good new car?
to look cool - chantelle needs to stay out of dealerships
I wonder how she had time to get pregnant and how is she going to manage the loans, two jobs and a new baby. Her plan is "I'll have to figure that out." She obviously she oblivious that there are consequences to the decisions she makes.
@Bruco 27 I love car broke people
This kind of stuff needs to be taught in high school.
used to be budget cuts these classes first to go
@@toyoscio good news, they are bringing it back
you mean it's not????
Kalese, you could teach me whatever.....whenever baby😉😉😉😉😘
Yes teachem. Teachem all the way
I bought my first car cash $4,000
Now 5 years later i have enough save to buy the actual one I wanted I saved 30k in the bank that is enough to buy a new car straight out
Get a car for 10k and!save that 20
punker4Real buy cheap beaten houses 🏠 🏡 Fix then up sell them for more or put them up for rent. Best investments with less than 70,000 cash invested you can double your money maybe even triple.
Normally it’s not smart to liquidate that much money into a depreciating asset like a new car. Drive it off the lot and you’ve already lost a hefty amount of 💰.
@@icloud9553 2 likes!
Buy used cars for cheap and drive them until the repair cost more then you paid for the car.
Or
Buy a new car and sell it around 80.000 km. Within 3 years. You only have to pay the minus each 3 years
This was a great piece. Thank you very much!!
I used to own a Hyundai 20 years ago, and things always breakdown. Since then, I have steered away from Hyundai, but I've heard their reliability has improved a lot since then. So, I am surprised by this video, taken in 2017, that shows Hyundai still breaking down so fast and easily...
I still stick with Toyota and Honda, if I want reliability and low maintenance cost.
Yes, my toyota is now on it’s 8th year, no issues.
I have a 2013 Kia Optima. Running perfectly. No repairs at all except the usual airfilter, oil changes, tire rotation.
I still drive a 04 Mazda 3, they are also really reliable good cars
@@louisbarningham True. Mazda makes reliable cars also, but not sure about the recent models...
Here’s a secret: Live with in your means.
I think the point of the article is they trick you into thinking you are living within your means (seven year loan), but you aren't. I'm looking at a $12,000 2015 used, but my 2010 Corolla still has life in it.
ziggzagg Zip That makes life boring.
the plastic parts will still will break before then
my dad has a '13 corolla and it's "breaking plastic parts left and right"
Don't get pregnant on top of that....
@@blackericdenice bruh....😂✊🏽
Chantell is pretty naive. plus why was she paying for repairs on a 3 month old car when she should be well within the warranty period?
exactly my thoughts
Were the repairs maintenance or schedule? I missed that part
Ikr. Did she NOT remember cars have manufacturer warranties if she bought a relatively new car?!
not to mention lemon laws come into play if there are multiple major break-downs within the first few months.
@bou path considering it was revealed that what they were doing is illegal, im curious if she still had to continue paying all that off
Wait so the lady at 12:00 had all that go wrong in 3 months and she said a "brand new car"? That should still fall under the manufacturer's warranty? Do they not have warranties in Canada? Hyundai has pretty good bumper to bumper unless she managed to put like 60k miles on the car or modified it?
Unless she just believed what the dealership tells her, she seems so agreeable. Hopefully she can get help.
Exactly right. Hyundai has a very good warranty on new vehicles so her story about a fan motor and a wheel bearing sounds incredulous. Hyundai would have been on the hook for those repairs. I wonder if perhaps she’d bought an almost new vehicle or one just off warranty?
Thank you CBC. I wish we had you or an organization like you here in the US.
THE BEST WAY TO BUY A CAR... CASH
Facts, bought my used truck for 8k in cash, needs alittls TLC but maintenance cost is nothing compared to paying a $500+ note for 5-7 years
I dream of being able to pay cash for a new Challenger or Tacoma, but that would take a few of my years in the military before I could drop $30,000 on the table.
Well yes and no, I mean if you pay it cash you get rid of that payment and you are done, the car is yours. But if you can get a a very cheap interest rate "1.9-2.8" or something like that, you could use the cash that you would had used to pay it off in other investments that make you more than what you are paying on the interest. You would have freed your money to use it for something else that makes you more than you are paying.
@@donjuandinero you could put aside a percentage of that as a down payment like 5 to 10k and probably still walk out with a decent deal. Shop around for insurance too. I think that's another missed point is insurance is higher on new cars.
@@donjuandinero Good luck buddy! And make sure it's a V8!
How do I buy a vehicle without getting screwed?
1) I shop with the attitude I could care less if I buy a vehicle.
I have every intention of leaving the dealership without a vehicle. Take a smart friend along if you need to thy are your excuse for not having time to spend on the sales lot.
2) Know who’s house you’re in and don’t go all the way on the first date.
Stay out of the show room that’s their house.
The office is the bedroom, and bedrooms are meant for two things. Sleeping and Screwing.
3) Study and review the paperwork. If you’re comfortable with the sale take the paperwork home and look it over with another person. If you’re not legal or financially savvy take it to an attorney and an accountant. It might cost you a hundred bucks but it will save you allot more later.
Bob Is The Builder one more piece of advice....before you make a great comment, learn how to spell ‘a lot’ correctly so people take your comment to heart. 💜
That lady who bought the hyundai, her first mistake was buying a Hyundai
Good job Mazda! I've been impressed with my Mazda dealership, they always tell me there's nothing to fix on my 2013 hatch every time i OCD and bring it in, even when I go in tripping about a whole new suspension, my service manager was just like LOL why, your suspension is fine, stop it. They're good guys, fantastic cars.
I want to thank this young woman for coming forward at the risk of some embarrassment I am sure, to tell others the mistake and problems she has had. It is so nice to see her try and help others avoid the pitfalls that she fell into. Thank you so much.
The less you own, the more you have.
Except when it come to money. It seems nowadays the less money you have the more expensive life gets.
Then all those kids in Africa must have more stuff than they know what to do with!
I payed cash for everything I own. Its a humble life but I'm grateful for everything I worked for. Not all of us get to be rich. But having no debt is rare for the working class nowadays.
Gopinath Muruti
You are Perfectly CORRECT
That makes no sense. If you own it you have it. Hence the more you own the more you have.
It's been 4 & a half years now since this video. I really wonder if the lady ever finished paying off the loan and how it went! Would be interesting.
Man i wont last in sales. Im too honest and straightforward for this job. And im not patient😭
This is why you buy a used corrola they will last forever with minor maintenance
Same thing with my 2003 Honda Civic. My step dad had it forever and then sold it to me. Aside from routine servicing and issues associated with vandalism, there have been no major repairs needed to be done.
I've had my Corolla for 17 years, it has some cosmetic defects but not a single breakdown.
I have a 1973 Maverick that's been in my family since it came out grandpa to mother to me. Everyone in my immediate family learned to drive in it. The car had over 550k miles when we replaced the head gasket. We got in a wreck in it against a 2007 surburban, the suburban was totaled (unfortunately we owed them) but the Maverick was still intact just a damaged fender and bumper.
890k miles the cosmetic had seen better days, but the original engine is still going strong especially the tranny.
If you can get a chance to buy a vintage car(50s-72 are the more reliable ones) at a attainable price, go for it. It's one of those cars that is relatively safe to buy at over 100k miles because they still have about 80% of it's life left.
I will say one thing if you're a male under 21 years old, insurance will be expensive so try to get as much deductibles as possible like showing them that you're a college student.
99 prizm lsi w/ 170000 miles for $600.00. Have it now for two years no issues at all. Only thing I replace is the oil @ every 3000 miles
@@khadijakhan699 of course.. it's because older corolla with less computer in it XD everything that is simpler just WORK.. and have less breakdown..
Why is everyone acting like car dealerships are honest? They're trying to make a living, of course they're going to try and charge as much as possible. Bit of advice, have an old Asian man go in with you. My dad has gotten me the best deals haha.
Can I borrow your dad when I go to buy a car? My mom and I just got ripped off on a terrible car that sells for only $3000-$4000, but the dealership sold it to us for $7000. Even our insurance company said that it was expensive. Then I went home and searched it up on auto trader.. And yes.. It was indeed too expensive. This is the Ford Fiesta SE 2011. The gears make weird noises, doesn't heat up easily, and sometimes when I step on the breaks, it kinda rolls forward a bit. It basically has a ton of problems, and that's why it was so cheap... But we still got ripped off nonetheless.
@@tinydough8746 I'm sorry but the first problem is that you took your mom. Should've taken your father or a man who knows about cars. Men are generally less agreeable and could possibly get you a better deal.
Sooooo trueeee
“Let’s say you have 6 kids in the next three years.” Uh is that possible? Unless you have twins, three times in a row. 🤦🏻♂️
The problem is that people (especially young people or first time buyers) need to break away from the idea of purchasing a brand new vehicle. Even at 28, I've never owned a new vehicle nor will I. You lose THOUSANDS the minute you drive it off the lot. If you MUST have a brand new vehicle, lease it. You'll spend a lot, but when the lease is up you can then decide if you want to keep it or walk away from it.
So the second lady had a brand new car under warranty, had a few issues, so instead of having them just fix it, she bought another new car. Smart.
TheQuickyouknow This is what i was thinking...Thats an exclusive example of bird head
Bought another new car, from the same company. She didn't even think "I should at least not buy another Hyundai". Though the most troubling thing really is the fact it should've been in warranty.
Yeah, what the hell happened to the 10 year/100k mile warranty?
So is there no such thing as manufacturer warranty on a vehicle purchased in Canada. She only owned the car for 3 months and it started breaking down you couldn't afford to fix it so you traded it off for another car. all the issues with that cars should have been covered under a manufacturer's warranty and she should have never had to traded it off for a different vehicle.
YES! THANK YOU. She got manipulated by a dealership who took advantage of her vulnerability as a single mother.
Even the CBC should have pointed out the warranty issue: She would have run into the same issue if she had loaned on a 48 month term
It's covered under warranty. Chantelle was just not informed enough.
I was wondering the same thing!!!
Mike Gullett yeah and Hyundai’s have I think 120,000 mile 3 year warranty or something crazy like that
@@reidheine8838 yea Kia and Hyundai have 5 years on the powertrain. Longest warranty in the business
Watching this in 2021 and still the best tip in buying a car!👍🏼
I bought an 2017 ford escape in October 2016 and got 0% for 84 months. The last payment came out of my account last month. I’m very proud to have it paid off.
That poor girl, I can’t imagine the level of financial ignorance she had when she bought a NEW CAR while working as a cashier..
LOL Cashiers today can't even calculate the correct change for a purchase without the aid of the register. But she still thought she was capable of negotiating a contract for such a major purchase as a car. She is "clueless"!
don't worry she will get some money from child benefits, after 5 years she will probably get 5 kids
v3le swear down this girls crazy
Yes..and then parked her brand new car in a grocery store parking lot full of old junk transient drivers and shopping carts just begging to dent scratch and crash into her car..buy an older car with 80 to 100000 kms for 4000 dollars cash only..nothing else and take it to a CAA approved shop and get it inspected!
That’s what you call a dumbass!! She didn’t earn enough to purchase even the tires for the car..lol.
I'm glad I saw this. I'm currently shopping for a new vehicle and many dealerships (even my own bank) are strongly pushing 8 year loans. I already knew that was a bad idea and I wasn't going to do it, the interest rates on an 8 year loan are outrageous. My bank offered me 30,000 with monthly payments of $540 over 8 years meaning I would be paying 51,000 for a 30,000 loan. No way in hell will I ever agree to such terms.
i am doing my reserch for buying my first car and lucky to see this video; good and informative
When I was 20 years old I went to buy my first financed car. In high school I had one my dad purchased and he sold it while I was in boot camp. As a new Marine in Jacksonville NC I had a target on my back. I went from lot to lot to lot getting what we are seeing in this film. Low payment. You can pay by allotment out of your check. They were pushing me toward payments of $280 to $340 a month saying it was less than half my salary. I lived in the barracks and had the chow hall so my housing and food were free. It was easy. They knew how much I made just asking my rank. I wanted something cool too. I was looking at 3 to 6 year old Z28, Corvette, Supra and such. I finally went to a lot where the salesman said "I'm not going to just talk to you about the payment. I'm going to talk to you about insurance cost, upkeep and repair cost. You are going to want a stereo, fancy wheels, maybe a nicer paint job. Your looking at cars that will need repairs during the time you have it financed. I want to make sure you can fix it. I want to make sure when you want something else you come back and see me instead of cursing me." He put me in an 85 Mustang GT with 20k miles, canyon red/black GT stickers, grey interior with sport seats, tilt wheel, cruise control, tinted windows, fog lights, 5.0 HO engine, 5 speed stick, aftermarket upgrades include strut tower braces f&r, larger sway bars, Koni Adjustable Shocks, Brembo disc brakes f&r, Cragar SS wheels, new Goodyear tires . I paid $120 a month for 3 years.
Here's the #1 rule. Never (that's NEVER) answer a salesperson's question. They are
meant to trick you.
Yep, and they are not your friend.
@@frankvanwiechen8853 never believe anything that comes out their mouth
Dont ever borrow money to buy something that depreciates.
Steve Asheim great advice
Are you weathly?
Yes, just buy a beater car from Craigslist or also (Letgo and Mercari in USA, Kijiji in Canada) for $500.
I wish i knew that before I signed 😥😪
Much easier said than done, but good advice nonetheless.
I don't think I would ever consider buying a car through a loan
Why? The loans are very cheap.
In average 0.8-1.9%.
It’s practically free loan.
I have a rule: during great economic times I think it's OK to buy a car with a loan but when the economy is uncertain as it is currently it is better to pay cash.
"How not to buy a car" best line ever
*i dont get why people dont understand that if you trade in your car with payment left on that you still have to continue to pay for it if you do decide to trade in for a new one. whats hard to understand that? its common sense omg!!!*
I bougut a suzuki for $2800 3 years ago, did uber with it for little bit. Car still runs strong.. Always buy cash..saves u tons of money.
I dont believe that's true .... you can only drive uber with a car that's 8 years old
If I could buy cash, I'd be a milionaire
@@c0583094 depends on where you live
I don’t make enough at my job damn
I really wish you would name and promote the honest sales people. If I lived in the area, I would 100% seek them out when buying my next vehicle. Let’s support those who don’t try to take advantage of people!
13:20 This poor woman. She's at the start of her grown up life, and she's already getting exploited. There's something seriously wrong with this.
She is millenial
When i bought my car from Honda they actually encouraged me to get a 4 year loan with only 0.99% APR. so i guess some dealerships are more honest than others
Better off pricing your affordability based on 4-5 years then taking the max term afterwards if they are offering a good rate like 0%.
LOL....That actually puts more money in their pocket upfront, and it's good for you as well, it's a win win and it's a very normal thing for people with decent credit.
You should have shown the face of the employee who were HONEST so at least you can help him to get more clients! He deserves it for his honesty
Rapide Baesa Town Center he'd probably get fired though, for being honest
If there’s anybody from CBC reading this You should run a story on Edmonton and Calgary dealerships refusing Canadian currency. There are more than a dozen dealerships in Alberta that flat out refuse cash. If you think the financing in this is sketchy try a dealership that won’t sell you a vehicle unless you finance, period!
Couldn’t you get an open loan and just pay it off the next week? Or is it not 0% so they force you to pay more?
@@Pharoah2 They tell you you could do that, the thing they neglect to tell you is that if you open a large loan like that and pay it off immediately it negatively affects your credit rating. Any loan you get that’s fixed should be paid back a minimum of 12 payments otherwise it’s detrimental to your credit score.
@@darrinyo-mamakimble7002 Look at the ads for vehicles in Ontario. They post a price and in the description says this is finance only. If you want to buy it add an extra usually 2000$.
I am a fan of CBC marketplace. I am sure all this info will be very helpful for me when loving to Canada.
This didn’t teach me how to not get ripped off it just taught me how they rip you off
Just do the opposite smh 🙄
That honest guy from the Mazda dealership deserves a kudos for his honest work.
its easy. Just ask : whats the outright price and make your educated decision based on that
that's the same thing, they inform you how it works so you wont get ripped off from this scam
@@Lola-tq8nv Only if you have so few brain cells you have to have it spelt out for you. Pay cash or do a short term finance loan at low interest. Do not alter the loan when you are in negative equity, and try to trade it in once you hit positive equity to get as much money out of it as possible.
People have the power of the internet yet they refuse to do basic research that could save them thousands of dollars and a lot of stress. I just don't get it.
it's called laziness, as far as I can understand. people want easy, stressless, few step, less information and simple "tasks".
people pay for convience over practicality
I literally just commented nearly the same thing. This is the age of information, just freaking google it! Watch a youtube video or two please! Save thousands
The internet is for "World Star" and Arianna Grande videos, not education.
jeff ghant Underrated comment right here
Its still going on to this day, Don't get credit on anything, Put money aside & save up to 4k, for a vehicle, that should last your 5 to 6 years if maintained correctly so you can save for a better car.
CBC news thanks for huge educational information
I have advice for people. Especially those who are young with more time than money.
The honest truth is, if you are somewhat technically inclined, you can save so much money by being knowledgable about cars and repairs.
I grew up in Phoenix, AZ. There, I can find a reliable vehicle for $3k every day; Usually less. Just learn what to look for, be a brand snob (Toyota, Honda, etc.), know the basics of car evaluation, research the common issues of a specifc vehicle before you inspect, and don't be afraid to spend the buyer's time on evaluation (If you have the cash, they will wait). I'm not saying everyone is capable of this, but a good majority of people are. If understanding the basics of vehicles is just of no interest to you, think about your interest in having money, and use that to be disciplined and research.
If it's possible, live close to work so that you can take a bicycle or electric scooter to work in case you need to do a multi-day part order/repair. Factor that metric into your pay. Second, learn how to inspect a vehicle. At the very least, buy a $10 obd2, bluetooth, diagnostic port error code reader (For vehicles 1996 or newer in the U.S.) and pay $5 for the Torque app. Being disciplined with your time will save you so much money. Already have a basic set of tools (elm reader, sockets, ratchet, extensions, channel locks, wrenches, plyers, funnel, and a cheap multimeter).
Amazon and TH-cam are great resources that earlier generations didn't have.
Reliable car for 3k. Lmao!!!
I bought a 95 chevy k1500 for 1200 had it going on year 5 almost 400k kilometers and runs like a top. The key is maintance and learning to turn a wrench. I went overboard with the knowledge of my truck but i love it.
Also brand snob. Old chevy trucks run a long time
@@jobdoneright5934 You can easily find something reliable for $3k. Some examples include older Civics and Corollas, 4 cylinder Ford Ranger, basic stuff like that. Stay away from the dealership, and be patient on Craigslist. I found my car for $1500 and it runs perfectly. You don't need touch screens or heated seats.
You should publish this somewhere. Thanks for your input.
this is a video about people who dont have enough money to buy a car, financing cars that are excessive for them... the problem is not the dealers scamming innocents its the people who lack money trying to get a car that is much more nicer than they have means to easily pay for.
True. But people who have to commute to work often need a car. They could and should buy a used car and save up the cash to purchase that outright. But few do. So they get a crap high interest loan on a worthless used car, then are gunshy about used cars when they run into problems (which they do not have the technical ability or the money to fix). So it's trade in time...
I'm not defending it. But for a significant portion of our population, saving up to pay cash for a car or a house or any other major purchase is either very difficult or impossible.
And transit in many places is not a viable option for getting to and from work.
That's why its very important to have someone withyou, even if you have a lot of knowledge to keep your emotions in check
I feel really bad for her, I hope the experts go at the dealership and hopefully they can help
Step 1) Find a Kia or Hyundai Dealership
Step 2) Remember their location and never go inside .
Step 3) live happy
Japanese > Korean
@@wchi8391 lol @ nissan.
@@wchi8391 True, but Korean > Chinese.
K.eep It In A.sia
😂😂😂🤣🤣🤣
Buys a Hyundai, has issues. Buys another Hyundai. Like wtf. Have you ever heard of Toyota or Honda ?
Women have as much knowledge about cars as they do about driving them lol
Em Bem well said 😎
Maybe she thought she bought a Honda. The car does have a big "H" in front.
What about warranty?I don’t believe this story at all🤪Toyota r the best car
Honda quality is that still a thing ?
When the crash happened, a young couple started staying with my friend. She alluded to their situation. They ended up telling, me as well. They'd lost everything. I said, ' couldn't your parents help you a little. Explain to you what can happen!? She said, 'no, the same thing happened to them.'
All this video had to say was “Don’t buy a new car!” Buy a car right after a majority of depreciation has taken place
and put $8k in repairs :). You will not avoid paying money for cars. Sorry.
Mole If you’re buying a used Range Rover, BMW, or Benz sure you can expect to have to pay big for repairs but buying a used Toyota or Honda, you won’t need those kind of major repairs.