Car Buyers Are BROKE FOR LIFE With These Stupid Mistakes! 

Life's too short to drive marked up cars.

If your credit ain’t the best your interest rate will be even higher

I buy cars cash but never tell them till I see the out the door price and never buy one penny of packages they offer in the finance office 🤣 tell tell them after you see the price and buy nothing from them, they will be pissed 😂 no respect for sales people as they would sell their grandma if the price is right 🤣

I feel like there’s no honesty in this world anymore.

A long time ago I was in junior college and had an English teacher whose classes were filled to the brim. He was brilliant with two masters and one bachelor degree (English, Philosophy, and Theology). One day he starts of..."you know class...the proof of a great salesman is one who sells you something (new car) you really don't need." He walked into a Pontiac dealer to buy a Firebird and walked out with an enormous Grand Prix. I'll never forget that lesson...one for everybody.

I won't even go to a dealership because of the slimeballs that work there I buy cash private

lol i thought about trading in my car for a truck. They were like it will be 1400 per month. I laughed at the sales guy and told him that my house costs me 1700 with all my bills. fuck that. i told him if he can get it down to 300 per month for 4 or 5 years. Every time he came back at me for anything above 300 i told him well i have to talk to the wife. walked outside and then every time i came back it was 100 dollars off per month. seriously it took them 4 or 5 hours to finally let the truck go for 300 per month for 5 years. I laughed and told them naw I'm good and walked out. They dropped it to 200 per month for 4 years. Told him naw i don't deal with shady people. and left. They had my number and he texted me us shady people have this nice new truck. I found the same truck same year better trim level in police impound. i bought it in cash for 19k at auction drove it to the dealer found the sales guy and dealership owner told him i bought it for 19k sounds like yall ripping people off. He never texted me after that. they were selling it for 30k

This is why I drive a 2006 Tacoma and 2008 Pilot both paid off !!!!!

Our credit isn't good but i got 12.41 from Toyota, then i refinanced before the 1st payment and got 7.41 from our local Credit Union. I also had Toyota get rid of the $1700 charge for Luxcare.

With the poor quality of ALL VEHICLES being made today, I would DEFINITELY NOT recommend brand new! With the depreciation, and planned obsolescence, these vehicle’s are being made to be disposable. Another comment here says American made, I would say this applies to ALL automakers! Thank you for sharing another informative video Mark, take care, cheers!

I'll only buy what I can pay cash. I'll never borrow to buy a car ever

10 yr loan?!!!! 😮😂 😅 so many stupid people out there!!

You will own nothing and be taken advantage of forever!!!

$1000k + / month is the first clue.

OTHER than my house, I have never bought any thing on credit.......IF YOU CAN'T BUY IT CASH....YOU CAN'T AFFORD IT.

Every time I’ve been to a new car dealer I swear I can hear the lid being unscrewed off the Vaseline jar. Buy used cars You can get a lot of options for the money

I'll buy a older Toyota or Nissan truck non turbo

Poor people ask: How much down and how much a month? A rich person asks HOW MUCH.

So far, everything your saying is spot on! If you can afford it, pay it full. Save a lot of money in the long run.

I'll only give those cars 2 or 3 years tops before they'll start falling apart, so let alone ten years.... It's just modern slavery so people will have huge debt for the rest of their lives.

how are they sure their job will remain the same for the next decade?.... Its a buyers market for these suckers when they get repo'd or sell back years down the road.

Thank God for these type of people. They are providing the rest of us with great used car deals.

If a 10 year Zero Percent Financing is ever advertised I'm going for it 😅

I would never buy from Chrysler their owned by Fiat

But they look cool at red lights

Call your insurance, glass etching does nothing for you ❗

Many small dealership stated in advertisement that the Safety Certificate cost $599...699....799 and it must be paid on top because its GOVERNMENT regulations. I would definitely say them goodbye but that sound like the other ripoff trick, right?

Brand new corolla 2014... still running today. 😆 they wanted me to sign a 10%+ apr because my credit was bad. I wouldn't buy so they magically found a 3.9%. Anyways paid it off in 3 years instead of 5. 215k miles today. *sigh* I need to love it more. Too many off roads moments... 😅

This video is 100% about me. Yep I’m that idiot loser who payed 20k CDN over sticker price for a 2022 wrx for 8 years. Though I have giving up on finances and life at a very young age. When I was in my 20s I lost my condo to the rescission in 2010 that put the nail in coffin for me. Being dumb as they come without graduating highscool and struggling to get by as labour didnt help my early years of success. Now at 46 just squeaking by I have zero ambition as living in lower main land of Vancouver BC has destroyed any hopes of having a savings account let a lone Retirement. As lot of people in Canada say “I’ll be late to my own funeral as I’ll have to work to pay for it” so true for me. Fuck Canada!

I’m putting a metal bumper on my 2010 FJ… it’s paid off and keeping me out of the dealership!!😀😀😀😀

This is going to seem so redundant after the economies of the world come crashing down.

Hi, this one is good and interesting. Just one comment to extended warranty. Never. Smart people never accept any extended warranty. (A Car, Phone, electronic appliance) This is the worst financial product ever brought to the public. Absolute scam. Who does win here? The seller and the Bank only, never the customer. It is a nicely wrapped rubbery.

how you know you made a really bad purchasing decision is when the stealership offers gap insurance...you are paying too much or the vehicle is garbage and depreciates quickly.

Yep, same for a house. Pay it off early. With a car I put 50% down. Obviously less with a house. After 12 years I am mortgage free and save 100's of grand. For the car, I did 50% down and 4 years but paid it off early using tax returns.

Hi there I’m a one person income and a mom and I’m confused on which year will get me the most reliable used Lexus and what is reasonable to pay and what is a rip off- looking on Carfax and feeling a little overwhelmed. Driving a 2007 Acura mdx and have had a so so experience with it….not the most reliable. Any advice on a very specific year would be helpful conflicting information from other people. Hybrid compact suv is ideal

We are victims of American Monopolies. Every aspect of life depends on a big business in total control of our Governments, markets and US. WAKE UP

They're are people paying off houses in 8-15 years. 10 years how a car is crazy.

10 year loans for cars?? I'd rather walk. If people were smart they'd stop buying and bankrupt these company's. All the major car company's could go under tomorrow for all I care..

I'd rather wait than fork out 55 grand on a very nice Japanese electric car in full than put 15000 down and pay 960 dollars per month for a 60-month loan.

Yeah, one 500 HP car almost hit me yesterday, it was doing well over 100 MPH (160 K/H) on a highway exit ramp to get past me because I was only doing 3 MPH over the limit but 20 under the recommended speed for the actual turn, I saw the driver going 120+ in the far left lane but they got trapped but cars only doing 70 in a 60. I had traffic entering on the exit (Yes, the US has suicide exits the have entering and exiting traffic cross each other) that made it so I could not slow down but this assh0le cuts across two additional lanes and then a third into the exit lane. I was double checking I was far enough ahead of the car behind when I hear the then see them cut in front. I just tried to stay calm and not change speed since they would soon be on the rear of the already exited car ahead if mine. In WA we have even worse exits, the safe speed says 45, but 50 feet further it says 25. I have to do that one a lot. Never get in the right lane there. It is it's own type of red light district.

The problem is that income hasn’t catches up to not inflation, but the rate of increase for these cars and trucks.Let these dealers and manufacturers suffer and not buy anything until prices come down. MSRP has to come down. You can’t increase 10% every year when you get a 5% pay increase. They didn’t care during Covid, we should not care after.

Dealers are not happy when you choose a base line trim car verses one that’s fully loaded, THEY seriously need to back off customers choose what features they want, all these add ones spiking up the price of the car is a waste, look up all 5he standard features and being content goes a long way, 💯 correct on that part making it clear, also rates from dealers will be higher for profit gain, research your own financing likely the bank your with will more than likely want to do better business with you and give more of a discount, ALSO too make sure you are within range of payments I’m glad I walked out on a 15,000.00$ used Honda HRV 72 month 452.00$ payments, it’s a 5 year old car the interest rate was not great, they couldn’t go down more on payment, my trade only worth a grand, I didn’t have thousands saved up for a used vehicle, I dont have 25 grand for cheap new. I’m currently keeping my vehicle yes it’s 15 years old now but still runs, it’s hard paying 4-6 year loan, saving money in inflation times is difficult

or a money put car like any Stellantis junk for EW. Yeah, I asked for looking at the Extended Warranty and it excludes all the expensive parts.

People have to remember. When buying a car. The car dealers always try to make something look like a deal that really isn't.

I’m a dummy for nice cars. Sue me

Is this called “ stupid is what stupid does “ for getting involved with this insane loan. These people just bought their vehicle 3 times by the time they pay it off. With this interest rate. And then the dealer sells your loan to a bank and makes another couple of thousand off your loan.

Watch out for the dealer that charges the sales group for every thing that is done to a car to get it ready for the lot then tack it to the price. This work is done at a inflated price.

If you ever see a 'only $$$ bi-weekly for 96 months' ad run. Or better yet do the math and see what ride they have waiting for you.

Steel rims are actually better, aluminum wheels can not be fixed once damaged. I was able to drive miles on my steel rims until I could pull over to replace a tire. The tire was smoking but the wheels had no damage.

Some has said they're rather have a root canal than deal with buying a new car. Luckily my dentist does them well, and without pain.

What is insurance on a Tesla, 3 grand a year, is it more, I pay $800 for my Camry.

Never get any turbo under 2.0 litres, it will collapse.

I hear most of this and almost all doesn't apply to my situation, but the "have 20% down ready first" definitely makes me think, even though I'm after higher end used.

Never ever pay for dealer add ons ❗

Look for a used Honda Pilot V6 they go 300k+ miles most of the time

Thanks for your information 👍 I appreciate you

Be sitting on blocks still having a full payment.

No Mickeyyy! 🤦🏿‍♂️😆 New to the channel and I subscribed off of the first video I saw minutes ago. Great content, keep it up and thank you for taking time to help us 💪🏿😎💯

Resale is another scam, buy a Toyota and drive it 30 years.

Each add-on has its own built-in profit margin.

My co-worker made a substantial income, had no kids or debt except his modest house, and refused to have a credit card. It was 2019, and still he drove an old green Tercel until the seat support rotted through the floorboard and he was about the erase the yellow line in the street with his hind quarters. He had no financial stressors, (like a $130K pick-up). There is something to be said about being a tight wad, although, to quote you, "life is too short to drive boring cars", but in my opinion after hearing these horror stories, not long enough to have a 96 month car loan with high interest on a rapidly depreciating want. That old cliche' :"If you have to ask how much it costs, you can't afford it"

Call your insurance company they will tell you the worth of the car

If you do a proper down, GAP insurance is useless.

I can't save to buy a cash vehicle, but my rule of thumb is 1. 60 months max. If i can't afford it for tbat rerm, then i can't afford it. 2. Your vehicle cannot be 20% of your take home with insurance and fuel 3. No mark ups.

Why paying for options that you never going to use it.

The dealers were also getting fully loaded versions as well.

I need a new suv what you recommend me??? 58 k I can spend

My idiot neighbor has an eight-year contract on a new POS 2023 Mercedes S Class.

It's funny you say to consider the insurance cost. When I was looking years ago for a new car I found out what car I was most interested in and I called my insurance company to get an idea of the cost. She said of course they couldn't give an exact amount without a VIN number but they could give a ballpark amount. She said that she hadn't ever gotten a request like this before but thought it was a good idea that more people should think of. This was 2007 by the way. So I just wanted to say you are passing on some good advice here. Thanks for this video.

Most people have car loans and also live paycheck to paycheck. Never take out a loan for a car.

If one takes 10 year loan for a pickup then please just let them .. there is nothing you can do to change that particular one…

I hear about people paying over MSRP, cause they think they don't have any choice and they don't haggle the price and the salesman says a ridiculous price and the buyer says OK

Ive had dealers calculate tax wrong...

Even invoice is too high. These vehicles on the lot for hundreds of days are incentivized by the OEMs with huge rebates to the dealers for unloading them. A dealer that ends up paying full invoice for their old stock is becoming a rarity.

Padding the rate should be illegal

$800/month for 96 months =$76k

I can get under 6%, I just checked.

This man is talented and great to watch.

amount per month x # months - cost = amount you pay in interest

Trust me, every dealer does huge loan markups. It literally took me minute to get pre-approved. Bank said 2.3% and the dealer said it was 3.5% from the same bank.

Hey, my auto insurance policy covers full replacement of my car 1st 2 years. My dealer didn't try to sell me anything added on my new 2024 Honda Civic Hatchback Sport Touring that other dealers add when the car is sitting on the lot, my car was already full loaded from the factory but I did add the factory add-on spoiler to my car. I didn't buy any of the add on warranties or etc. they offered me either, why would I need an extended warranty? I doubt I'll put over 5000 miles a year on my Civic since I retired 2 years ago at 55! The car I traded was a 2007 Pontiac with 158,300 miles on it & everything still worked including the air conditioning but it was time for something new, this could be my last new car I'll need mileage wise. My dealer is a single family owned dealership & they were $3,485 out the door cheaper than the Honda dealer across town that's owned by a automotive group that has a $2000 add-on sticker on every new vehicle window on the lot & they offered a 1/3 of what my dealer offered for my trade.

Im about to pay off my 23 Ridgeline this month. It only has 16k miles. Ive had it since new. Cars are such a bad place to have money in that I'm considering buying a junker and selling the Ridgeline and pocketing the difference. Any thoughts on that situation?

Ninety six months? If it's an American car or truck it's likely they'll have to replace the transmission or engine while they're still making payments. Ninety six months financing for a car is just a very bad financial move. They'll owe more than the car is worth well before those ninety six months are up.

If you have a decent vehicle that is paid off keep it and if you just have to have a new vehicle put $700/mo in savings and put a large amount down in 18 to 24 months. You are better off to save as much money as you can for a big down payment and drive your current vehicle until it falls apart. Plus don’t spend more than 50k on a vehicle. There are a lot of good reliable vehicles at reasonable prices. Most people don’t even get the useful life out of a vehicle before they unload it.

There was a boat show near a lakeI live last month. Some were offering 240 month financing.

In WA the one you never have to worry about is registration fees. They are obligated by law to refund any difference. I actually got 2 checks, one since the actual was less then the $600 default and another due to the registration already being paid before purchase.

They always put on cheap ass tires. I replace mine early.

Loving my 2000 Chevy truck more than ever ECB !! Thnx !!

Nice indeed.

I buy a BASIC one to two year old car cash - I usually get around 18 years out of them. Never had a car payment. I always look at car owners forums to keep educated when my car finally dies.

No one needs a vehicle with over 400 hp

I prefer my method. Paid $1150 for my car in 2015. A little 99 Mitsubishi Mirage coupe, 5 speed, still running great at 233k miles (regular maintenance is everything). Online-research how to inspect, what to look & feel for in a test drive. Paying over $5k for a car is for suckers!

My newest car is 16 years old and i have no payments. I like it that way just fine.

Great insights, advice and tips. Thanks for the video.

Sales tax is on vehicles in the US.

Wow that's so scary. I just got a new Audi TTS final edition today for £43k UK pounds but only 48 months. Reality is I will pay it off in 18 months like I did with my past cars ( i earn £200k a year) . 10 years is just madness but i guess that's how dealers can engineer small-monthly payments.

Poor Mickey

I have a coworker that proudly pays 32% interest for a 2021 Nissan Altima BAE❤ Edition Front/rear bumper clips both broken

You will own nothing and be happy.