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Car Market Update For New & Used Vehicles - Watch Before Buying

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Car Market Update. I'll go over the new AND used car markets and offer insights as to how you should approach each one in the coming months.
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DISCLAIMERS & DISCLOSURES
The information provided in this content is intended solely for educational and entertainment purposes. KC does not offer tax or investment advice. Please note that the content presented does not take into account the unique investment goals, risk tolerance, or financial situation of any individual investor and may not be suitable for everyone. Historical performance is not a guarantee of future outcomes. All investment activities come with inherent risks, including the potential loss of the invested capital.
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Опубликовано:

6 сен 2024

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Комментарии : 5

@MrPreet23 Месяц назад

It’s not a good time to buy a car, the car price has gone by 10k on a average post Covid also interest is around 4-6 percent APR on a reliable brand like Toyota or Honda

@johnsospencer Месяц назад

I don't see how used cars are going to have a rebound in the next...3 years. I mean the FED hasn't pivoted yet. When they do it may be 18 mo before the economy bottoms and starts to rebound. My 09 WRX is in good mechanical condition and nobody wants it. I think were stuck in these cars for a while. Hopefullyou You make $200k + a year if you're buying cars for 6 figures with debt! If everyone is as levered as you are we are in for a real crap storm!

@KCMcKeownPersonalFinance Месяц назад

I gross over $1.5m/year.. and only reason I’ve bought one of my two $100k+ cars is because it was a complete write off for my business. I have well into 7 figures worth of debt but I also have a net worth of almost $3m as well.

@johnsospencer Месяц назад

@@KCMcKeownPersonalFinance Dang, well if that revenue is solid you're gonna be just fine. That's on house sales? At your age that puts you well into the top 1 percent.

@ag4allgood Месяц назад

@@johnsospencer Benefited from the Yuge $7 Trillion Tax Cuts for the 1%ers & Corporations. Project 2025 will give Billionaires $3 Million in projected tax cuts. A middle class family of 4 will pay an average of $2,600 more in taxes under Trump's plan for the future. So worth it though for the rich to get the cuts. 🤔