How Timmy Ended Up Paying $80000 For A Honda Civic | Story Time With Omni 

I was washing dishes while listening. When I heard he traded it just for a red civic I put my dishes down and sat down and just thought about the idiocracy I just heard

Sadly this story isnt uncommon. Enlisted Military is notorious for being really dumb with their money. Camaro and Mustang memes are real

You could get a brand new showroom Hellcat redeye for that price....

an Si? I wouldn't pay that much for a type R!

When you use the car list instead of The auction house in fh4

Quick story, I tried to buy a type R back when they came out, But since price gouging was at an all time high I decided to settle on a sport hatch. The day I went to look at it I took my mom with me, cause I needed a ride to get there. As I was looking at the hatch she asked me “Is this really what you want? I know you wanted the other one and you are settling for this but will you really be happy with that in the long run?” My answer “it is good enough for now.” She looks over at an Si and says what’s the difference between these two? I proceed to te her it is the in between of the type R and the hatch. Her response “They why not get that one? It’s about the same price and it’s closer to what you want so you will probably be happier with it.” I ended up with an Si... And I have never been happier to not get the “better” car. Moral of the story if you are out buying your first new car take someone who will keep you planted (and yeah I got a lecture about the paint choice too - thanks mom).

Timmy: Gets a different car and into more debt because R E D Wall Street Bets: "Come with us brother, you have what it takes"

4:30 How excessive debt affects society 6:00 Back to Timmy 9:25 Grand Total $$

I would've bought a corrola hatch but I'm glad I backed out when I heard about the gr version coming soon.

$80k for a Civic? Holy hell! Sadly that’s what happens when you get a loan and go into debt

Anyone else want to tell Timmy he could’ve gotten numerous better cars for the price of that civic, smh that’s terrible. Sometimes you gotta learn the hard way

always buy used cars and pay it off as soon as possible for low interest rates

Man needs some Dave Ramsey in his life

I love learning without trying

Timmy is here buying a 20-30k Si 3x, while I'm just trying to get my first manual for 4.5k. Money scares me...

Hehe I used to work at a car dealership...I have much worse stories.

Man this stories make me love my old used V6 Camaro more, i just don't care what people say i'm happy i have a fun car without being in a debt at the age of 19

Always remember guys, get your credit score high, so that way if you do need a loan its like 5% and you dont pay for a banker to get a new car... dont be like timmy and take your financial life seriously

At first I was like “wtf? How is that even possible?” Then you said he was in the Military and I was like “oh ok that makes sense” 🤢

For the amount of money he willingy paid for the si’s he could’ve just gotten a type r in the first place

My man really bought an entire new car just to change the color lmao

Bro as soon as you said lance corporal, all the military guys that view your videos knew exactly where this was going 😂

Man imagine spending 80k on a civic I paid for my hatchback $400 lmfao.

Buy a $5k Lexus and call it a day

Thanks for the video man. I’m in my early 20s and this gives me motivation to make the right decisions and not be emotionally lead to make a purchase on a vehicle

I literally don't know anything about this channel but I would watch this guy tell car stories all day

The entire story already made sense once you said he was a lance corporal in the marines.

In February I got my first car loan for my 05 Subaru Legacy GT. It's only a $5k loan, but at 36 months and a 19% interest rate. Which hurts, but I'll definitely be trying to pay it off as quickly as possible

I enjoy your stories man. Thank you for sharing. This video was frightening. He traded in 2 Civic Si’s for the craziest reasons. He could have unmodded the first one. Paid it off. He could have changed the color of the first one for a few hundreds. Even wrap it. The financial system doesn’t care about ppl financial intelligence. We just gonna be paying back all our lives. Big goal when dealing with cars is to pay it out cash, or finance it with a lot down & pay it off ASAP. Financial freedom is more important than the liabilities.

Love your channel, it helps me understand my stupid financial decisions, and lets see more stories like this!

I got an ad for the Civic SI on this video haha

it's back to the flax fields of seers' village for little timmy. Wow!

Listening to this story and yours, and also taking an intro to business and personal finance class for my semester this spring, I'm thankful for learning this stuff, and when my parents purchased their new cars I went with them so I could learn the buying processing because I'm never financing a car at full price

I don’t know if you’ll read this but definitely more story times ever since you’re first video I’ve been looking for more content like this!

Only reason I don’t pay my car off early is to build credit

I owe 17.5 on my 2015 mustang gt. Have had it 2 years

I had a similar experience but not nearly to this degree. I had gotten an NB Miata and actually felt like I would never give that car up. Then I wanted a bit more speed so I sold it and went to get a used focus st. I liked it at first but then those monthly payments and full coverage insurance really drag on you. So glad I went the used route after selling it I only had to pay 2k to cover the rest of the loan. Then bought a crown Vic to get me around until I was financially stable enough to get something else. Now I have a Prius c which saves me an unbelievable amount of money at the pump and will eventually get myself a fun car again after i can pay it cash. No more auto loans for me.

The used 350z I paid for with cash sounds like the best purchase in the world after seeing this. Don’t buy cars you can’t afford man!

$80,000 could get you a 2016 Porsche Cayman GT4...

WHAT?! I can't even... I need to be careful with my money man...

My gf will pay $60K for a base model 2018 jeep renegade. She rolled some negative equity from her old car and got a loan with a 18% interest rate. I warned her and explained everything to her. 2 years into her 6 year loan, she finally gets it.

i went a similar route in my life. buying cars and roll over debt into the new one with added rims and expensive tires. i just stopped,kept my honda accord 2.4l cu2 (usa acura) drive a vw polo 1.0l from 93 with 45hp (in mint condition)to work. and have a vw dasher coupe 1.3l 55hp (in mint condition)sitting in the garage for sommernight drive outs. i just stopped consuming and buying stuff to attract people that i really dont even like. im 47 now,debt free and besides rent,food and other must have like insurance...my whole income 3200€ after tax goes into my nike shoebox as cashmoney. since the banks messing around by trying to end physical fiat,im thinking about to change my wealth into 999 fine gold by the gramm. yall know these 50gr goldplates where you can brake off 1 gr pieces... no matter what happens,i can always change that into current fiat on this planet. gold is somewhat stable with highs and lows but better the yearly 2.5% inflation by the central bank. i think i will do that in the near future,just to get rid of the smelly notes and be a little more safe not to walk up and just take out cash just because i think i have to consume something that....you allready know😉 my honda is still fresh after 10years. i love my vw polo breadvan because it costs nearly nothing and my vw dasher sits most of the time in the underground garage chilling. i used to hang on the pcu and buy air jordans every saturday just to have the feeling to beat somebody and have another box to stuff up in the room...🤦🏾‍♂️ glad i almost sold everypair i have bought over the last 6 years. i love living in peace...my mind is at ease...real freedom. yeah i could picture myself in a hellcat and could even buy it cashmoney.... but why? naw...im good...🙏🏾✊🏾

I hope more people see this and learn from this, blows my mind why people do this to themselves..

Car dealerships LOVE this man!

I actually did a Timmy about 2-3 years ago and traded in a car for a brand new car. The carry over was $10k and since the dealership only had this new car for 6 days, negotiating the price was not possible. It also didn't help that it was a hot car and dealer already had 3 callers that were going to go look at it. Now, still have the same car, car is now worth more than what I owe left on it and I just refinanced the car and got an APR that's less than half the previous APR so it's been going well for me. Definitely didn't continue the Timmy route.

I wasnt even a typer r damn

I'm shocked how frequently something like this happens (I've got an uncle that rolled over kia after kia after kia thinking each time they got a "great deal" only to pay more monthly and overall). The new, the shiny, the whatever that lures people to new cars mystifies me, but people, do a bit of research and if you are short on money, buy a 2-3 year old used version of what you like to avoid this headache. If you lose interest in the car, the depreciation won't hurt as much. I'm sure the salesperson saw this guy walking in a mile away and knew the sweet deal he could come up with time after time after time again. Good job for trying to be a good friend and pointing out Timmy's error, but some people will never listen. Thanks for posting to those of us who will make wiser decisions down the road.

Well given you can spend 70k on a kia in my country this is now becoming a concerning phenomenon Spending too much on a mass market brand

Gotta watch those miles when buying used trucks. I see people financing Cummins with 200k miles for like $20,000 then complain when their truck starts to fall apart and now they don’t have a truck and are still in debt.

sorry for those in debt... that is why I buy all my cars cash... my parents kept telling me to just finance a car to build credit, but at I honestly didn't want to take the risk (I'm a student and my only income is scholarship money... and my family is poor despite their dedication to support me). I bought my 1st car, a Nissan Sentra, for 2500usd (more like 4000 bc it needed a tires, brakes, a ton of fluid changes, etc.)... and I bought my second car, an 8th gen Civic Si, for 11000usd... all u have to do is save money! Admittedly, I saved money from my uni stipend/scholarship... but it isn't even close to the amount that a full time below minimum wage (at least for the coastal West of the US) job will get u... all u have to do is save and be realistic. You can still get a sick car in fairly good condition. Sure, my Civic Si has miles and many scratches and dings... but it still revs to 8000, still changes cam profiles, and never grinds when shifting (it needs some suspension repair and tires soon but honestly dont even drive it that much... and when I do, its mostly to a store or a friends house)... good luck to all those with car debt and please be realistic if ur young and looking for a used car... literally no one will judge u if u r carving about in ur Chevy Aveo or doing motorway pulls in ur parent's Toyota Sienna (if ur doing it safely, that is)... I think rcr said this --> 'your first car should make u money', not the other way around.. and there is nothing wrong paying only cash for ur car if u feel unsure about ur financial stability. Also, a nice car will only get attention from preteen boys and other car oriented teens/college students... if u think ur gonna get girls with ur new financed car, forget it lol, Chad's barely running slipping-automatic single alloy w/ tires balder than ur uncle Joe 2007 Kia Spectra is more than enough lmao 😅

I still remember going to my local Honda dealership to see a new Civic type r it was roped off with the doors locked and said do not touch, I said literally my pickup truck is double the price are you kidding me.

When you're too broke to properly care for your 🚲 but, you still got something that can get you from point A to point B 😈😈😈

This is insanely accurate Ppl walk to the slaughter for car debt all for perceived Clout Sadly a car loan is so normalized nowadays just like phone loans smh

Don’t buy cars more than 10-15k if you’re getting rates higher than 10%, put some cash down if you’re getting rates higher than 5%, don’t buy cars that excessively depreciate if you don’t have to, use cash down to eliminate as much negative equity as possible. If you want to flip out of cars every year or two it’s going to cost you money.

I’ve done something very similar to this and I feel like a fool, but hey lesson learned

I paid 32k with 8 down for my Golf R and hate that I have a payment every day. 10k, 2 years left, then I'm never doing it again

Timmy got royally screwed when he bought that 2018 Si.

Here I am being wary about rolling over the last 3k I have left in my base impreza to trade up to a base WRX. It's only 16k, pretty tempting and I live at home and work full time rn I'm thinking about it. But 20k could take awhile to pay off, idk I make a fair amount, I'm entry mechanic, or basically a glorified lube tech but I make a fair amount

“Promoted” is a strong word for a rank you get for just staying out of trouble for 9 months. At least he didn’t spend that much on a used and abused v6 mustang. It’s pretty normal for boots to get a 17% 6 year loan.

This is why I only shop on Facebook Marketplace

Thank God I bought an 02 eclipse AND its my dream car.

Most adults have auto debt, not many people have 20-50k cash to just throw down on a new reliable vehicle. I just bought a 2021 Toyota Tacoma trd off-road. I wouldn’t have been able to do that without taking on a loan. Granted I have good credit so I got a great apr of 2.9%. So no I don’t think auto debt is a bad thing as long as you are financially ready to take on the loan and get a good deal.

Loves these stories

clickbait title, not A Honda civic, but THREE Honda civics jokes aside, dayum man.

I can’t imagine accumulating this much auto debt. Even though I’m really I to cars, I wouldn’t even think about a 4plus year car payment. I’m perfectly happy with my cash bought ‘06 Silverado.

Me here chillin with my 20k Hyundai Kona.

I dont think ill ever be moved to buy new let someone else take the hit besides it may not be new but its new to you and thats what matters

This is helping me not give in to financing when I don't need a car and saving up instead.

Meanwhile I bought a Genesis Coupe for $13.5 k after my old car got totaled, freaked out at the payments, and returned it within the 5 day grace period for a $7.5k econobox. I ended up being able to save up and finally get a damn nice desktop.

Never buy a car less than 2 years old, let someone else pay for the depreciation

I have a friend who bought a Honda with 25% interest on a accord. I couldn’t believe how much they took advantage of him at the dealership, sometimes I think it was my friends fault because he thought he had a great deal. He was also showing off all over the gram how he got a new car. At the time I had no car, but later down the line I got a new car so I can commute to work. Once he found out my monthly payments and interest rate he was in shocked and low key hating. He thought my parents helped me with a co sign or with money down, which they didn’t. They were just there with me at the dealership just in case I miss something. Later on he traded in the car for a Toyota truck. I recommend him to give the car to his brother and refinance the car at a lower rate, yet he thought I was not looking to help him. So end of story he trade in the car for a Tacoma, I am happy that he can get a new car but it’s not my problem in trying to help him. He’s monthly payments are 1300$ with 14% interest. It’s annoying how every time I hang out with him he always complains of not having a project car and paying too much. Not my fault you had a accord valued at 50k$ and now his way too negative with the new Tacoma. I tried being the good friend and help out but he thought I wasn’t looking at his best interest. Now he’s gonna be mad when he sees me paying 550$ for a new mustang gt premium

I bought an old used ranger for my first vehicle, and a mustang for my 3rd in the span of 6 years never got a loan. I understand sometimes its hard to save money, but if you're spending money you don't have now, you're just making everything you finance more expensive. In the end we are the ones responsible for our own choices.

My sister in law is 50k in debt for a 2018 Nissan Altima SR wants to get a new Toyota Highlander platinum (45k) car

I am 16, I bought a 2007 accord exl with 100k miles for 5k. I plan on driving that thing onto the dust. The thought of debt especially hearing stories like this really turns me off expensive stuff requiring loans

if i had a apr of over 3.5 i would walk out instantly.

A boy that’s why i paid cash for my 16 Miata and have dropped 6k+ into it so far. With 0 debt

I love the accounting terms used in this video

That's horrible!! And you still forgot to factor in that car payments for the first few years mostly go towards paying the interest not to the principle.

This made me feel better about owing $12,000 on my 2015 VW GTI

I’m in college and just got a 2021 Honda Civic EX. $400 a month for 72 months. I plan on paying it off in 3 years.

The worst part he spent this much on a civic si. I'm Canadian and my civic costs $32,000 with a 6.98% interest for 7 years. Since it is an open loan i can put more money towards that loan now im looking at 2 years paying $3000 in interest which isnt that bad. He's spending another $73000 more than my civic. There are dodge vipers for sale here 2007-2009 with 50,000-75000km that are selling for $70,000-$80,000.

Thank you for letting us learn the easy way!

I feel this, on my first car i ended up paying $25k for a 9k used 2005 accura tl because the dealer convinced me it was a good idea not to put a down payment on the car i can take it home if i just pay the taxes. Little did i know i was going to pay 25% interest payments for the next 5 years. Drowning in debt the only options you have are to stand pat and make your payments or make a decision to trade in your car for a newer on and hope you get a better deal.

My friends used their salary to buy cars on loan, I prefer to buy something old second hand and fix it up until I can afford the Benzo. Be smart, be like me not my friends.

The civics are lovely, but this is the biggest issue car debt is the worse debt. The problem is you need someone to be their to help you out. I bought my first new car 17 Honda Civic Touring. Love that car I didn't put a penny more other than when I bought it $27k OTD. As soon as I paid it off I was done I didn't go trade it in or nothing why would I trade this solid car when it runs like a champ. That is the biggest problem when people just jump on cars. Always try to get a 0% or a very low interest rate that is what also screws you over ot.

I have the chance to get a 2021 Civic with as low as a 0.25% interest. Might end up being like 1%-2%. I'm thinking about buying It. Btw, this Is with financing through my Credit Union that has their own cars that they buy and give loans for their cars. It cuts out the dealership. The only think I am wondering Is If I would still have warranty.

Hey, previously I comment about my 2018 corolla that I pay 480 a month with 24%. What should I do to get rid of it?because I don't like it, it's a boring car.

We all know that Timmy from our neighborhood.

I work in auto loan servicing, I see 28% apr all the time.

Got a 2019 Lexus UX at the auction for $25k

This why most people are broke Live within your means

He definitely went to 1 of those sketchy military dealership

Might as well have gotten a type r

I paid 17k 14.9 APR (Live in Mexico) for my 2017 Civic in 2017, never gonna sell the damn thing, with 80k I could pay off my brand new house.

My worst financial decision is getting 550$ coilovers.

Financed my first car from a dealership have to pay 20k for a 2014 Chevy Cruze with 90k miles when I got it but had bad credit smh

I brought a used 2015 accord 6 speed manual for 14k. Now my credit wasn't the best but I know I ain't paying no where near what buddy paying. And I'm gonna refinance it before I even THINK about rolling that debt over to a more expensive car

I had something similar happen to me and still is happening to me with a honda accord i bought .. wish i made a smarter decision with my finances

He could've just gotten a Type R...

My run with cars has always been crap but a few years ago I finally bought a car that has almost doubled in value due to Holden closing down