“Car Repos Are SURGING” - High Rates Causing Americans to Miss Car Payments

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Car repossessions have surged 23% from last year and are 14% higher than pre-pandemic levels, according to a July 2024 Cox Automotive report. With fluctuating car prices, high-interest rates, and rising living costs, it's crucial to maintain open communication with lenders to avoid falling behind on payments.
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23 июл 2024

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Комментарии : 593

@markjones2453 2 месяца назад

Because cars were WAY OVER PRICED and still are

@kt11540 2 месяца назад

Right

@coolerking7427 2 месяца назад

So is insurance and parking rates.

@EmpowHer23 2 месяца назад

Supply & demand… there’s not enough cars for sale bc of shortage from covid. Bidenomics.

@ugabuga1361 2 месяца назад

When a Nissan rouge cost as much as a Mazda cx5/cx50 it shows you idiots will? Nissan cvts don’t last 100k miles. Only if your religiously with their service department your Nissan cvt will work

@aurorajones8481 2 месяца назад

Its all relative to earnings. They allowed the cost of goods and services to go up while leaving consumer pay alone. Thus your complaint.

@stonewallstorys8906 2 месяца назад

I’m just a forklift driver and I’m struggling to afford basic necessities like after shave and razor blades. I bet our politicians never went without one day in their life it’s disgusting

@zorzobukumica628 2 месяца назад

have you ever voted other than republicans or democrats?

@TheHouseOfRonin 2 месяца назад

@C12341 nah, hes just a forklift driver. Hes right. And if hes over 25 yrs old and still doing that then he should blame himself and learn a new skill set. Couple weeks training and most of the population can do it. Need to understand that and move up in skill

@eddieteabagify 2 месяца назад

probably should join a union then get them to negotiate a 30% wage increase.

@louisstevens9613 2 месяца назад

@Tony-mq5yo 2 месяца назад

@@zorzobukumica628 Your vote doesn't matter and just to prove it Kamal Harris in next president. I will bet you. If I tell you who is next president 100%, why would waste your time voting. Mark my blessed words. No one can challenge nature. As I am connected to nature.

@theeasternfront6436 2 месяца назад

The wife and I make a quarter mill a year. She drives a 13 year old Hyundai, I drive a 29 year old Nissan truck. Stop buying cars or you will stay broke.

@wp-ww 2 месяца назад

Working for someone else keeps you broke.

@SamLee-ds7fi 2 месяца назад

I'm doing about half that as a single guy I bought a 2000 s10 I've found out if she cares what you drive she ain't worth it 😂

@stoundingresults 2 месяца назад

Nissan Hardbodies going up in value, selling mine for $10k

@natersalad889 2 месяца назад

We are net worth millionaires at age 40, and we have never bought a car newer than 5 years old, and always pay cash, oh yeah we've never made over 100k household income too. We just say no to debt other than our mortgage which is within 55k of bring paid off.

@brandobecerro 2 месяца назад

⁠@@stoundingresultsI had a 94 D21 4x4 with 280k miles right before covid. I loved that truck but I needed to get rid of it because the frame and under the body was rotting out bad on it. The frame had multiple holes in it. It was a MN/WI truck so it saw a lot winter driving. I miss that truck.

@stevekrupey3611 2 месяца назад

I feel extremely fortunate to have purchased my nearly new car in 2019 at 2.9%. 8 months to go.

@fattie2550 2 месяца назад

Bought mine new in 2017. For 27K Still going strong at 116K mikes. Hope it doesn’t break down.

@joncarbone 2 месяца назад

Good work. Just paid mine off few months back. 2018 civic si. Purchased Nov 2020. So nice not having a payment. Now I put the $ on my mortgage principal. Looking to be 100% debt free

@cultleader3572 2 месяца назад

Bought my new 2019 Toyota Tacoma in 2019 . Paid it off over a year ago .

@Jordan-er4wk 2 месяца назад

Congrats. I’ve just paid off my car this past September.

@fattie2550 2 месяца назад

@@Jordan-er4wk #Boom

@corey6393 2 месяца назад

Old car is $30K? WTF? We have an 08 Toyota, bought from the original owner 7 years ago for $7K, cash. It now has 135K miles and works perfectly. DO NOT, buy a new car. DO NOT lease a car. DO NOT borrow big money for a used car. Pay Cash for a 15-20 year old car and learn to keep it alive yourself. That is how you beat this. Stop trying to keep up with the fucking neighbors.

@bu5761 2 месяца назад

Exactly.

@prestonpollard 2 месяца назад

Great word Corey!

@javierlopez-ru9vx 2 месяца назад

Facts!! My 08 Ford Ranger with over 322,000+ miles is still rockin' to this day. Bought it off lot and did all my maintenance myself. A little effort and Motorcraft parts for my truck are all I need.

@willsanchez892 2 месяца назад

Fuckn ay,i have02 Toyota Sequoia,they dont Make em like they used to...these new cars are garbage anyway....

@cashisking3395 2 месяца назад

Cash cars are 9k with 200 k miles on them we are at a crossroads

@bobby4360 2 месяца назад

Who can afford car payments the economy is so bad , people going through tough times, times are getting tougher, the job you have doesn't afford you a car, you lose a car , you can't work, you lose your job you lose your home

@enthused7591 2 месяца назад

Yep, all due to the socialist "free" handouts over just 18 months. The hangover from "free" money is always going to trump the euphoria of getting free paychecks for a year or 2. Now everyone's stuck with leftover 50% inflation while they only make 8% more, and then they lose their income entirely. On the bright side, homes will be 60% off in 2 years but it'll be bittersweet because it'll be accompanied by all-time high unemployment.

@corrosivedevourer 2 месяца назад

@@enthused7591 Just be spewing bs

@davidgraham2673 2 месяца назад

Poor decisionmaking. Everyone wants to blame anything but their poor decisions. When your car note is $800 a month, you're upside down. Insurance, maintenence, higher fuel costs, and other intangibles make your monthly car costs much higher if you don't take them into account. I keep seeing everyone blame everything but themselves for poor decisionmaking. Purchasing a vehicle and dropping a grand a month on it is a foolish waste of money. Trailerpark rich can't afford to pay that much, even if you live with mom and dad.

@enthused7591 2 месяца назад

@@corrosivedevourer Just stating the facts, doesn't really matter whether it hurt your feelings or not. We're all responsible to understand how economics work or you'll stay poor forever.

@leejee88 2 месяца назад

too many people to busy keeping up with the joneses

@HerpaDerp999 2 месяца назад

I drive a 2005 cop car that had 15k miles on it. Paid 11k for it. It's in good shape, and drives great. Do I have leather seats and bells and whistles? No. But I save hundreds and hundreds every year. A little humility goes a long way.

@LuckyLopez777 2 месяца назад

The repo rate is higher today than the 2008 financial crisis.

@aymanhawari2589 2 месяца назад

Nice seeing you here.

@wisemanm6390 2 месяца назад

More population

@c.m.c2024 2 месяца назад

@@wisemanm6390that’s why he said repo rate. Population increases don’t matter if you go by per capita or rate.

@jacksparrow3490 2 месяца назад

Great reset is supposed to make the great depression look like a walk in the park.. its money and wealth transferring happening right in front of everyone.. but not many people I guess know how economics works.. the vehicles being taken will be sold at auction to dealerships who will rinse and repeat the process.. to the new labor force that just came across the boarder.. the companies all grab their cuts and double dip in the process.. almost like there are incentives to make people default vs allowing them to complete the terms of the loan and gain ownership of whatever property.. is how its looking more and more.

@EmpowHer23 2 месяца назад

Yup! It’s gonna get worse. We’ll start seeing the ripple effects of Bidenomics.

@Particle_Ghost 2 месяца назад

Most people can blame themselves because they insist on having the biggest new thing on the block. If you aren't smart enough to calculate a risk assessment in having a $800 a month car payment that's on you.

@justing6594 2 месяца назад

Exactly. I don't blame anyone but the consumer. The had to have it's!

@kt11540 2 месяца назад

Aggree.

@user-zu5do6ri6r 2 месяца назад

Right. It's definitely not on us as a whole. We certainly didn't pay the government to fly new people into every city and state, driving the cost of everything up.

@kcrossen7376 2 месяца назад

Yeah maybe in a normal economy it’s about keeping up with the Jone’s.. but this is much different. The basic cost to buy and maintain a car is astronomical right now ($150hr and climbing labor rates). Add in other factors when trying to purchase such as suboptimal credit or negative equity and you can get buried quick, especially if you don’t have a chunk of cash to put down. Also keep in mind skyrocketing insurance cost’s.. we are in an affordability crisis right now (like we’ve never seen before). Also if prices keep falling at some point the consumer will just give the car back to the bank and repo rates will soar. The same can be said about housing. Interesting to see how this all shakes out..

@Username-tf6hu 2 месяца назад

I work as a debt collector for Honda/Acura financial services and I 100% agree. You don’t know how many people call in saying they’re not sure how they can afford their monthly car payments after being 2-3 months into their loan. 💀

@matthewbiondic4465 2 месяца назад

It starts with missed car payments. Then, it quickly manifests into missed mortgage payments. Always does.

@bandjolyn 2 месяца назад

A friend of mine had a 3 year old car, bought a new one with nothing down while still being negative on the first one. He's waiting for the dealership to sell his first one, meanwhile still making payments on it, on top of the new payment. All said $1400 a month + ins. Absolutely insane.

@Carrera6rennsport 2 месяца назад

your friend is insane, needs help. really.

@bandjolyn 2 месяца назад

@@Carrera6rennsport Dude I know, I've been giving him do much shit all week.

@freespeech9515 2 месяца назад

That’s what a stupid person does

@Bleebleeblahblahblah 2 месяца назад

This is regular practice in Canada

@andredecock8361 2 месяца назад

What you on about? The dealership buys the car off you It’s called trading in 😂

@Justsay-in 2 месяца назад

I love my 15 year old car. No loan. All mine

@venturesoutside-ht8sm 2 месяца назад

I have 2001 f 150 running great

@sharonmagnusson2558 2 месяца назад

Me too.

@docufreak1 2 месяца назад

My 2002 just died had to go new.

@williamhodges3941 2 месяца назад

Own 2 cars as well and no payments. Love this life.

@stoundingresults 2 месяца назад

95 nissan truck, 2011 mazda 3. Both certified jalopies but working

@ForeverStapleton 2 месяца назад

Tom’s comments are always so well thought out and Adam sounds like he’s trying to give a book report on a book he didn’t read.

@suntzu94 2 месяца назад

Every other word out of Adam’s mouth um um um um um

@jppalm3944 2 месяца назад

Banks gave car loans to unemployed, hardly employed, horrible credit lenders. I know of a young guy,got loan for 78,000 car, no previous credit. He made 3 payments

@PNW_Sportbike_Life 2 месяца назад

banks doing what banks do...

@RocketRenton 2 месяца назад

@@PNW_Sportbike_Life It's been going on now since The Great Depression, watch the film with Jeremy Irons and Tucci, after the 2008 financial crisis, sitting there on the day it all happened in the restaurant, going through all the years since the 30's, and every time they make a lot of money from both joy and misery, he said this and we also never learn from any of the mistakes made, all based on true evidence and story. I was about to buy a house in 2007, on Boxing Day my father told me to back out of the deal, he said we would end up in a generation of debt and something is about to come very soon round the corner, so I did and then it all came true 6 months later in 2008. After 2008 the problem is we didn't learn, QE was used for stimulus, interest rates of 0.1% were maintained, lending rules were tightened for mortgages, but then new companies came along like Klarna to circumvent lending rules offering buy now pay later, payday loans etc, and now we have the issues we face today, with all the geopolitical stuff ongoing as well which is like the 70's in similar circumstances with the wars, and fuel crisis. QE was the worst thing all of the countries have used across the world, born in Japan in the 90's, and used in most western countries, people being approved for very low interest loans in all markets, then when the interest goes up, they can't afford the payment, add the cost of living crisis, covid and inflation, this is what you get. It goes back to the bible, borrowing off peter to pay paul.....

@enthused7591 2 месяца назад

The MUCH scarier part is that banks gave out millions of mortgage loans from 2020-2023 of $325,000+ to people with "good" credit when their income was under $70,000 and they had under $10,000 in savings. The 5 million people in that situation who are literally losing their jobs entirely by the tens of thousands per month and accelerating are going to prove to be an exponentially worse situation than the "subprime" loan crisis of 2006-2008. I'd trust a person with a 500 credit score making $42,000 a year to make their $800 mortgage payment on their $150,000 house in 2008 while unemployment is skyrocketing before I'd trust a person with an 800 credit score making $62,000 to make their $2,400 mortgage payment on a $325,000 mortgage today while unemployment is skyrocketing, because that second individual didn't see their cost of homeowners insurance, groceries, and utilities bills all going up 60% simultaneously immediately after "buying" that $325,000 home. This crash is going to be 40% worse than 2008-2010. It's wildly simple math, and without exception ALL the math is worse than the 2007 bubble. The bottom 85% of earners would literally ALL need an immediate 30% raise in the next 2 months to avoid complete collapse, but the median income will fall 4-6% because that's what happens when unemployment triples.

@raoulhery 2 месяца назад

Banks are getting out of people to scam. That's why they allow immigrants. New stream of fresh gullible people to fool !!!!

@GroundZ3R0Gamer 2 месяца назад

Cause they always get bailed out 🤦‍♂️

@stheworldturns 2 месяца назад

No cars no problem. Here we invite you to the 15 min city. - WEF

@deronnpatrick7190 2 месяца назад

own nothing and be happy is looking bleek

@joncarbone 2 месяца назад

I paid off my car early 3 months ago. Then again payments were only $330. I can’t believe the average payment is $700+. Be smart folks. Nothing wrong with sacrificing gratification for a while.

@danielj3010 2 месяца назад

"I have my Uber driver, she's waiting outside for me.." "Yeah, good for you."

@35INHUMAN 2 месяца назад

Hope the Uber driver doesn’t fall behind on those car payments

@suntzu94 2 месяца назад

Adam is all cap don’t believe anything he says

@kawehionalani 2 месяца назад

I’ve had my car repo once back in 2011, and vowed I will never let that happen again, so now I just buy my car cash outright. Paid $27K for my 2022 Toyota Camry in 2023. No regrets.

@LauraCdq6bc 2 месяца назад

I’m so happy with my old used cars.

@fgonzalez78959 2 месяца назад

I pay 7k a year for health insurance for a family of 4..come right out of my check plus taxes..its crazy. I caint even afford shame anymore.

@BigChillingGoingDown 2 месяца назад

I told my fancy truck and bought a $1200 beater. Never been happier.

@Romans-10-9-13 2 месяца назад

What did you tell it? Did you tell it, “It’s not you. It’s me?”

@Rico401Prov 2 месяца назад

How did your “fancy truck” respond to what you “told” it?? 😁

@toddprater14 2 месяца назад

@@Romans-10-9-13haha I was gonna say that exact thing.. funny how no one proof reads before they hit send

@jamiefender72 2 месяца назад

Can't buy a brand new truck, that's for sure. I went shopping around and ended up buying a preowned full sized. Just as nice as new but a lot less money.

@marcyking461 2 месяца назад

I can't believe people pay what they do for new cars. I bought a 2012 Honda Civic in 2020 for about $6,500.00. and am still driving it. I paid for it within 10 months of purchase from a Mom & Pop dealership for zero % interest because I paid it off so quickly. Too many people worry about impressing other people than living within their means. And to me, living within my means, taking time out of life to relax. Most of us don't need any of the crap we enslaved ourselves to.

@someitguy2175 2 месяца назад

My old compact with 190k miles died on me, bought the replacement with cash. Not difficult to do when you live a modest lifestyle without debt.

@FEVERDREAM889 2 месяца назад

Don't forget that peoples' credit is trash since Covid, so now many have to go to places like DriveTime and pay 25-39% interest! That's not even for a new car, we're talking like 5-10 years old. It's so bad out there.

@thomasbarlow4223 2 месяца назад

Remember the good old days when trucks were trucks and shit didn't have ten million sensors on it for in no reason

@stoundingresults 2 месяца назад

Pepperidge farms remembers

@toddprater14 2 месяца назад

1998 Silverado z71 baby and only a 3 door!!! Took the next body style (99) to become a4 door extended cab … took to like04 before you seen crew cabs ( not including 2500’s and 3500’s)…

@MM-ku2jt 2 месяца назад

I have a 2005 Honda Odyssey with just over 200k miles, and still going strong.

@robertcarroll637 2 месяца назад

I'm 43 and only had 2 brand new cars in my 20's. Never again

@GeeCoach35 2 месяца назад

I financed a car in December. Since then my rent went up, my health insurance went up, my wife's medicine prices went up and with Biden's inflation, basic necessities are expensive. I had to initiate a voluntary repo with Capital One on the car I just got. Without the note, insurance, and gas, that's around $600 I'm saving per month. I got tired of robbing Peter to pay Paul, skipping one bill for another til the next month.

@DonaldDeCicco 2 месяца назад

One or 2 major institutions fall over and it can all topple essentially over night. And the scary part is if electricity stops people die without water in under a week.

@RaspingPompano2 2 месяца назад

I just helped a family friend actually a friend of my mother’s and my mother passed in 2022. They are an older couple that had retired and collect a pension and social security. Their car got repossessed because he was $3000 behind and hasn’t made a payment since February. When he called from my house because their phones were in the car he told the lady he had to go to the bank. I was flabbergasted, they get almost $7000 a month between pension and social security and he couldn’t make his payments because he’s lazy or something. He has the $3000 some odd dollars to pay them about 4 days later. He had to drive 2 hours away to go to his other bank because he doesn’t have checks or a card on that account. I couldn’t have been more pissed.

@savvyroca 2 месяца назад

That is ridiculous. Why risk your main form of transport being taken away.

@jazziepha206 2 месяца назад

People say "I can afford that monthly payment" but don't ask "can I afford the car." They don't consider insurance or maintenance.

@timscott6570 2 месяца назад

This is why I paid off my car loan 2 years ahead of schedule.

@kamdaddypurp69 2 месяца назад

Gas just went from 3.29 to 3.59 in my city this week. Last week gas was 3.09.

@kenbowlus2995 2 месяца назад

I haven't seen gas for less than $4/gal. in at least 5 years, and I haven't paid less than $5/gal. in at least 3 years.

@DeAndresWay 2 месяца назад

In my area gas has hovered between 2.80 and 3.20 for the past year. I live in a midsize city too

@kamdaddypurp69 2 месяца назад

@@kenbowlus2995 damn

@eddieteabagify 2 месяца назад

Trump 2024. DRILL BABY DRILL. we will be energy independent.

@kamdaddypurp69 2 месяца назад

@@eddieteabagify yeah for about 3 years. It’ll take about a year probably to get it all started again, and if democrats get back into office they’ll destroy us once again.

@jasonrigano4869 2 месяца назад

I'm a collections manager and people need to take accountability. Bottom line e why cars are getting repossessed is due to wants vs needs. That is it!

@hgonz14 2 месяца назад

This is right. I see people with 500 credit scores trying to buy $100k hellcats. People can't live within their means.

@thecowboypreacher6568 2 месяца назад

The price of new and used trucks these days is even worse. Price gouging through the roof. Because of their work, a lot of folks can’t drive a regular car. It used to be a working man could afford a decent basic full size truck. Not so much anymore

@Arinaramilo 2 месяца назад

why does Adam always sound like he just finished yelling at his wife?

@jacobperez8921 2 месяца назад

😂 Seriously!

@frobeuszoinks7429 2 месяца назад

i used to work at a dealership, got laid off from pandemic, but right before that my boss told me that same type of loan that made the 08 housing crash happen have hit the market for cars. the man knew he was doing something most couldnt afford

@johnberry2877 2 месяца назад

My best friend’s sister in-law works as a finance manager at a credit union here in Michigan. Their lending dept was told to stop giving financing for Chevy Equinox and Traverse due to engines blowing long before loans are paid off. Thereby, leaving the finance company to repo a vehicle with a blown motor! Way to go GM 👍

@toddprater14 2 месяца назад

3.6 overhead cam bs… the 3.8 3800 was bulletproof… also these 3.6’s are not for lazy people who skip oil changes that loosens the timing chains and the timing goes off and the motor goes…

@cchavezjr7 2 месяца назад

It's not the interest rates. It's that the cost of everything else needed to survive costs so much there's nothing left to pay the car payment.

@LotusHart01 2 месяца назад

Exactly.

@dariuszcisowski 2 месяца назад

The cost of purchasing a vehicle has surpassed that of obtaining a mortgage for a home in the past. Furthermore, the quality of new vehicles has significantly declined.

@showspotter 2 месяца назад

watched my neighbors truck get repo'd 2 weeks ago. tow truck came up on it then did a quick u-turn just like you see in these repo videos. neighbor saw it and came running out but then flattened one of the tires before the tow truck drove off. was wild to see.

@ReeleKool 2 месяца назад

FOOD COSTS ... I just spent 20 for a gyro.... Every food item almost is through the roof .the average grocery cart has gone from 150 to 210 in five yrs. Credit card default is at a 16 year high exceeding 2008 and the total amount is a new record, Gas prices have gone from 2.33 to 3.52 on avg since 2019. Insurance costs have doubled in most areas... I'm struggling to see how they pick a single item to be concerned with. "They" dont call it the "Great Reset" for nothing. Wakeup Sheeple we are getting played on every single level without exception and the republicans are just a much to blame as any one.

@captainsaveaho253 2 месяца назад

Just got quotes to replace brake pads and rotors on my Mazda and they ranged from $1,000 to $1,500! They’re making it difficult to even maintain a car.

@Lipkicky000 2 месяца назад

Watch RU-vid on how to do that yourself that is typically not that hard to do

@confusedcynic9073 2 месяца назад

If repo's are surging so are evictions, as a landlord I have always taken a back seat to car payments, repairs etc.. Never understood how a car payment is more important than a roof over your head.

@stoundingresults 2 месяца назад

Because you need transportation to work, public transport might not be feasible or safe in some areas. I'm a rough looking 250lb trucker and I don't feel safe riding the San Diego trolley

@biggbbear6300 2 месяца назад

2007 Toyota 4Runner n loving it

@deemen7132 2 месяца назад

Yeah I drive my 12 yr old Chevy, I can fix a lot of things itself on it

@lrob5657 2 месяца назад

Car repos are surging because people in this country live beyond their means

@stoundingresults 2 месяца назад

Predatory loans and car sales to the ignorant

@brianjohnson6053 2 месяца назад

Yup look at the record credit card debt. Its insane

@floresmario7228 2 месяца назад

Waiting to buy my dream truck after this shit crashes 😂❤

@stoundingresults 2 месяца назад

I want a 70s chevy C-10 or Ford from same Era, waiting for dudes being forced to sell by the wife

@sharonmagnusson2558 2 месяца назад

They keep giving my cousin cars even though she has accidents up the ying yang and her car payments and now insurance is crazy out of I don’t know what! They won’t friggen stop her and I swear I have neverrrr seen anything like it! How does she keep getting these cars!?

@TwonVonJon 2 месяца назад

Missed 2 payments, car was repoed, they are suing me for 17k.

@albertoguadiana1008 2 месяца назад

Rent doubled in my area before covid for a two-bedroom two bath I was paying $1,200 right now you can't get A two bedroom. Two bathroom for 2300

@joshrhodes7639 2 месяца назад

I'm about to pay off my 2020 vehicle but rent went up $175 a month to include $40 for parking a month charge (new fee) along with another $25 in other fees on top of rent. It's absolute bullshit what these management companies are being allowed to do.

@JayJay-ii5un 2 месяца назад

I just paid 11 dollars for a small sandwich (sandwich only). Small town outside scranton pa. Otherwise crap economy here. Thanks kamala.

@poliscigirlie 2 месяца назад

It doesn’t help with the newer cars now having cheap interior flimsy material either 🥴

@Ka_Gg 2 месяца назад

What's also not ignore that they were a lot of people that didn't actually need a new car. They just wanted a new car and we're still willing to pay significantly more than the value of it. A lot of people put themselves in this position. I saw people trade again 3 and 4 year old cars with less than 100,000 miles saying that they supposedly needed a new car

@mickmouse92 2 месяца назад

I feel guilty with my boat payment but it's less than most car payments so it's OK. Plus nothing replaces the sound of a good fish pulling drag!!

@stoundingresults 2 месяца назад

Filet o fish at Mc Donald's. You gotta eat it fresh.

@Halfdead211 2 месяца назад

You ain’t lying,fish on 😂

@markphillips9822 2 месяца назад

Paying thousands over MSRP is insane. So the Repo man cometh.

@o-townminideals3104 2 месяца назад

I've been in the car business for over 24 years and the same buying habits that kicked off the 2008 recession have repeated itself times 5💯 I've been at my MINI dealership for over 13 years and I knew we were in trouble when I would tell my customers really good advice selling their car to carvona back when their values were insane and they'd get made at me because they had to do 1 extra step to save $3,000, get the lowest interest rate and have the car built to their exact spec based on their personality...we didn't charge over sticker. It's like everything before 2020 didn't exist and we all began living one long episode of Tiger King. My pronouns are Sigma Male😉

@chamuuemura5314 2 месяца назад

When I moved to “the city” I chose a spot where I could walk to shopping and bus/train to work in 20 minutes. In 5 years rented cars 7 times for a total under $1000 or $17 a month and $80 for commuting, less than $100 total. I had coworkers driving to work spending $700 a month more than me on all-in automotive and transportation expenses. That was 20% of our salary at the time. Crazy.

@damija123 2 месяца назад

how can people still blame the chip shortage?

@Leo_Vasileio 2 месяца назад

In alot of cities a good and reliable car is not an option. Yes many people are to blame for making overpriced purchases but I also would add poor design of cities and infrastructure.

@user-zu5do6ri6r 2 месяца назад

If you are in the city, not having a car is definitely an option.

@visof30 2 месяца назад

Most people have no business buying a $100k luxury suv just to drive the kids to school and practice. Most people have no business buying a new car. Car loans just seem to be a good anchor that keeps you drowning with no end. By the time you pay off your 60 month loan you are probably looking at purchasing another car since the cars are meant to be throw away no days

@toddprater14 2 месяца назад

60month loan?? Today people do 72 minimum and more like 84 now

@sales_coach_ai 2 месяца назад

Paying about 25% interest on my car but so grateful to have found a 2009 Toyota Corolla with 30k miles and only one previous owner for $13k

@patriciabowler 2 месяца назад

Smart move!

@JosephHall-x9g 2 месяца назад

I got corolla 2014 ,140 M 6,500 $

@kenbowlus2995 2 месяца назад

@@patriciabowler 🤣 That $13k car's gonna cost about $25k when it's paid off, and then be over 20 years old and worth about $5k, only because of the low mileage.

@wp-ww 2 месяца назад

Thats a bad deal lol

@mybotanicaljourney 2 месяца назад

This car will not let you down.

@Spooky_Gregg 2 месяца назад

Im a 32 year old male. Got an 07 Chevy Silverado 1500, paid off. Im looking at getting a dually, thats either 07 or a 2010. I dont want no new vehicle such as a 2020 or 2024. Nope. The technology in these new cars are horrible. Im a trash truck driver too,so i will always have a job and i do side work too.

@Dej808 2 месяца назад

Repos are surging, and Dealer inventory is going way up while demands have gone down. Lots of room for negotiating the OTD price but the interest rates are just sooo bad that even getting a great OTD price ain't great because you're paying thousands in interest

@jdc4483 2 месяца назад

“High Rates” are not the problem. Personal responsibility and the seemingly need for instant gratification, and living beyond your means, is the problem. Cars are commodities so buy one you can afford.

@FreeWorld-cq3ux 2 месяца назад

How can I get rid of my vehicle? It has a $52,000 loan, but dealers only want to buy it for around $40,000. I can no longer afford the payments nor would I like to refinance it.

@DeepWebDiary 2 месяца назад

Ill never own a new car again at these prices. Oh and lets not forget that 2026 cars will be fitted with a "kill switch" for police to stop you.

@sidharthchand8072 2 месяца назад

Most people don’t have a earning problem they have a spending problem

@terrellstandefer6646 2 месяца назад

Cough cough, cuba without the embargo, cough cough. Hopefully we can still get parts to keep the older vehicles going.

@stoundingresults 2 месяца назад

COÑO

@quesodagod8840 2 месяца назад

I just wanted a Honda and when I got the top one they ask me do you want all these extra features. I was confused I thought I was getting the top car with all the features already. I walked out. Not paying 40,000$ and still not have all the features.

@MichaelWill-tc6oz 2 месяца назад

*Our congress has no idea how we Americans are feeling, we individuals are fed up with this treasonous administration.I feel for people with disabilities for not getting the help they deserve...Thank you Ms Laura Ferguson..imagine l invested $2000 and received $5,400 in 4days.*

@RainaEmerson-t9h 2 месяца назад

I always wanted to trade for a long time but the volatility price has been confusing.

@LibyanHagrieve 2 месяца назад

That is true my dear, Investment is the best idea presently and without it, human struggles are worthless.

@RainaEmerson-t9h 2 месяца назад

Is there anywhere I can get across this woman for a startup?

@MichaelWill-tc6oz 2 месяца назад

*SHE'S MOSTLY ON TELEGRAMS APPS WITH THE BELOW NAME*

@MichaelWill-tc6oz 2 месяца назад

@ms guson

@LetsG0Champ 2 месяца назад

Bought a used 2000 Toyota Landcruiser 20 years ago. Haven't had a car payment in almost 16 years. I'm just here to prove a point.

@johnberry2877 2 месяца назад

Yeah. It’s a Toyota! I worked as a skilled trades contractor at multiple GM plants throughout Michigan. My family is strictly forbid from driving ANY GM JUNK ! If it’s not made, engineered by Japan, it’s not in my driveway ! Moreover, I would never trust my wife or daughters lives to a GM vehicle. NEVER !

@MadAdventure919 2 месяца назад

The average Americans credit card debt is around $30k. Also 70% or more don't have any sort of savings.

@toddprater14 2 месяца назад

Wow I’m like 3400 over 3 cards and it’s driving me nuts can’t imagine 10k let alone 30,000…wow

@Outboxing13 2 месяца назад

The housing market follows the car market.

@mattjingles5758 2 месяца назад

Nailed it

@brianjohnson6053 2 месяца назад

Those fools that got into bidding wars be living in tents wondering wtf happened.

@youvandal411vm 2 месяца назад

Got my Tacoma at the right time.

@joshuajuarez3471 2 месяца назад

Here is an idea. Ppl stop being mindless consumers and quit buying these overpriced vehicles. $77k for a truck ?!? And $55k for a normal car?!? I’m 39. I had 14 trucks since I was 18. I paid $33k for new truck in 2007. And kept trading in every two years when I started to get upside down. These vehicle are so overpriced that once you buy you are already upside down. Same with houses now. I had my old 2002 f250 with 500k miles. I just fix what broken on my own. Girls don’t like it but it’s paid for !!! May not help with my single life. But ppl do care how they are perceived more than anything. I wish I can Uber to work but I work 60miles one way. If the average annual wage is $50k. And car payments are more than one person pay check. Thats too much. It should never be more than half of one weekly check other half is insurance. Then ppl spend $1300 a month for a truck and they finance for 7-8 years. Same with homes. It’s easier to get into brand new home. But new homes are HOA only and so overpriced you are underwater immediately. So bad build quality also. Used home you need to put 15-20% down. Ans ppl don’t have $30k in there bank account liquid. So it’s all by design and ppl love to “Keep up with the jones’ “ and it’s almost literally killing them. But good luck k. Trying to make a difference by sending a message. That’s not important. Look cool is. But it would be easier for me to pick up chicks in a new truck. I get judged right off the rip when I meet a girl for a date. They always pick the dude with a better truck. Even tho mine is the coolest and most bad ass. Girls are boosie

@jaredtheboss 2 месяца назад

U are smart

@stoundingresults 2 месяца назад

Go to church and gets you a christian girl

@joshuajuarez3471 2 месяца назад

@@stoundingresults absolutely. I can only be with a real Christian girl. Me and my ex’s clashed epically on certain topics with moral and ethics. You are right !!! Thanks

@Flamer-om8hy 2 месяца назад

I was doing my best to stay out of a car payment but my old sedan gave out at 220,000 miles. I was hoping it would last to 250k. I found an affordable used car but due to the current climbing costs I had to do a partial auto loan. Costs keep rising and wages aren't. Cars only last so long. Unless you luck out, like I have with a 2001 Jeep Cherokee that is still doing great!

@cashisking3395 2 месяца назад

Car insurance is a car payment all on its own

@victorofrias 2 месяца назад

"The best thing you can do to help pay off your monthly mortgage or rent is to get the vaccine! Everything is more complicated when you are not vaccinated" -Biden

@jacobperez8921 2 месяца назад

How to prevent a car repo: Never commit to any vehicle you can't buy in cash. I don't get why people are willing get into debt for a car they know they can't afford in cash but still want to show off to everyone. I always get my cars used and in great shape, and I never have to deal with any of those problems. No $800+ monthly payments for me.

@mdorf61 2 месяца назад

Used cars are worse. Not only has the price skyrocketed, the miles of used cars is nuts, buyers are having to finance 15 to $30,000 for a used vehicle with 50,000to over 100,000 miles, then having to pay exorbitant repair costs on transmissions or engines or other key systems.

@justincraig398 2 месяца назад

Cars are overpriced, but people LOVE to live outside their means. I know people who make 50,000 a year and drive a 50,000$ car lol. I know people who make 80,000 a year and have a 100,000$ car. I make between 80-150,000 a year and I just paid off my $6000 car loan for a car I got last year. I never missed a payment because I picked payments that I could make easily on any one paycheck throughout the month… you don’t need a bmw or Mercedes.

@danpeters6874 2 месяца назад

I am not surprised, in fact I’ve been predicting a surge in repos, similar to the surge in foreclosures during the financial crisis. I also wonder if this will lower car prices down the road

@greyballer1671 2 месяца назад

How im keeping from fallinf behind on my car payment? I bought a ford maverick new for cash. Saving money for my next cheap new car in 5 years...

@GigiM102 2 месяца назад

This is great for used car buyers

@marquesmurray 2 месяца назад

This is where the civil unrest will come from, not politics

@AK36677 2 месяца назад

Greed is ruining EVERYTHING!!!! 🤮🙄

@dalesamuelson8959 2 месяца назад

Crooks was told he was security. It explains everything that happened. Crooks was told he was security. It explains everything that occurred. It explains: 1) why the roof and building were not secured- Crooks was guarding it because he was asked to, 2) why the audio analysis is different from the first three shots when compared to the last five shots before the final sniper round, 3) why Crooks body doesn’t move (kickback) when the first three shots occur, 4) why the first three shots have a tighter grouping and more professional recentering when compared to the looser final five rounds in rapid uncontrollable succession, 5) why there are blackrock films of Crooks, 6) why Crooks trained at a long gun range where gov officials train, 7) why the ladder was there, 8) why he flew the drone before (again, he was asked to), 9) why his clothes matched the roof- he was given the assignment, 10) why security didn’t ever respond, 11) why the sniper stood down, 12) etc. I can go on and on. Tell me what you think? 🤔 Prove me wrong.

@ImSlaya 2 месяца назад

They should add more transportation infrastructure

@Jason-iz6ob 2 месяца назад

I paid my truck off a year early. In 2007.

@tristanhull9388 2 месяца назад

Man I wish high schools would explain money managing. Im 28 and only 3k from getting myself out of the debt I threw myself in. Got my car repoed and found out I had my first baby on the way the same day. I got my car back and almost paid off now but this hole I was in has lowered the quality of life I can provide. Never again am I being in that situation

@joraw1 2 месяца назад

I think alot of people love following trends of new cars .. I have a used car paid for a Honda and that's all 70% of people need. Only 3 out of 10 people can afford a new car comfortable

@coolerking7427 2 месяца назад

I mostly use a bus, moped, or ride share apps. I save so much money not driving.