REPO CRISIS! People Have STOPPED PAYING For Their Cars! 

I keep tools in my car and know how to do a crude cleaning, so I'm fine buying dirty cars and would love to see more of them at low end dealers like his. They do need some reliability but go ahead and flip them as is for a few pennies and let the buyers clean them up, or slobs like me and her, not clean them up. This goes double for scratches and dents.

It's a overpriced Toyota You'd be better off with a camry.

@@kenik2023 Still one of the best cars out their reliability and quality wise. So a Camry isn't a bad thing actually.

@@kenik2023The lower end Lexus sedans are more like a luxury optioned Camry. It costs more because it has more bells and whistles, more sound deadening, and yes also because of the Lexus badge.

That was an old worn out Lexus..

Car was over 20 years old

I plan on doing a voluntary repossession and getting something older. Car insurance has something to do with it I'm sure. Cost of housing as well. Since I got my car, the cost of insurance has almost doubled for me despite doing nothing different except driving less. Not only that but I'm almost positive wages have gone DOWN. Layoffs have occurred and plenty of those jobs have gone down. In cases where those jobs have not disappeared, I have seen wages advertised for the exact same positions go down. I do not care what anyone says, the economy is heading for something breaking. This isn't sustainable, and I'm convinced those who can do something are asleep at the wheel and will do nothing helpful. Not even won't do it....but not even capable of doing anything to help.

@@Palerider2023if you’re looking for a slightly older car, as long as your credit isn’t terrible it’s still a buyer’s market. I don’t let them think the first few deals they offer you are good and leave if the terms aren’t in your range.

if there was ever a time for a robin hood, this would be it

​@@FortWorthRaised​ no, I'm buying from a private seller most likely. Lost my job, using my retirement to buy an older truck. Tundras or 1500 Silverados are getting cheaper. I'll be buying in a couple months and I will be coming extremely prepared. I'm watching the car market like a hawk right now.

Nobody forced people to buy cars they can’t afford, nobody forced people to live in places like California and New York. You can’t fix stupid.

True, not everyone is broke.

​@@rotart12arx3 If Brandon said everything is good, no one would watch his vids. All these people telling me how terrible things are but I'm not seeing it. Things cost more but we're still making it.

Lies

@@pedlpower The bottom 20% (maybe more?) of Americans are getting steamrolled. Anyone with middle class income is not getting their 10 year old van with 200k miles repossesed

Damn, dude's paying credit card interest for a car. That's crazy.

They have to charge a high interest rate because these people are high-risk credit risk and they let sht. go back. They put themselves in that situation 😔

​@charlesjackson1700 Sometimes. Other times people don't even know their credit, they just don't have enough cash so they look for a payment they can afford. They end up paying $2000 down and $200 a month for 5 years for a 12 year old Acura with 120k miles.

@@mc365mc That's true. A lot of those people go in with blinders on their eyes and never figure up what they will owe for the long term.. They will accept any numbers that the salesman puts on the paper and they are just glad to get a car.

Especially in areas with large concentrations of young military people. They are ripe targets for bad deals. I see a lot of young E-4's driving large new trucks here in Las Vegas. Where do they get the money?

so sad sub prime charging 23% interest rate to low income and they are getting shitty car. me myself i could not sleep at night. USA peeps people sleep at night they dont care

Years of cheap credit pushed up housing costs and made the car manufacturers think that everybody could afford their overpriced goods. When the Fed raised interest rates the illusion was shattered. Housing costs are still insane in most places. If you have to choose between rent and a car payment, you are in a world of hurt.

@@stevereimer5254what allowed for inflation was the shutdowns and government spending. People had nowhere to spend money so people saved money, people got enhanced benefits while there were shortages

@@stevereimer5254 I'll take the car payment any day. You can't drive the apartment to work!

@@angie-xy5sf They have to make a living also, if people have to have a car then they must do this. So thank God there are dealers out there like this.

Our government sets a poor example😉

That's what makes Amerika GREAT, again!

That guy can't possibly get into another car for the price of a $300 alternator, and ruined credit. A $1500 used engine maybe, but a $300 alternator no way!

Actually continuing to rise up here in "North Country"!

I bought a couple of Dakotas in the late 90s. They were great trucks...when they weren't in the shop. I used to joke that these cars had more vertical miles than horizontal. I tried to warn my family off of them, so my nephew went out and bought two Ram 1500s. My sister bought a 2006 Jeep Commander, and my niece purchased a Cherokee. The Cherokee is the last man standing. Chrysler, Dodge, Stellantis make nice-looking vehicles with powerful engines, but they are not built to last.

@@mss627it amazes me that people with experience aren’t listened to. I guess they like making their own mistakes instead of learning from ours. I love my Dodge Magnum until it was out of warranty- I dumped it quick

@@mss627 It's been that way at Chrysler (aka Stellantis) since the late '50s. Poor quality control is nothing new with this company!!

Yeah and Trump did a bang up job last time. Actually my portfolio did well under Trump but then I am in the top 1%. Most are not as fortunate as I am. Don't blame Biden for this. But if you want Trump, by ALL means vote for MAGA. That means continued lower taxes for people like me and a massive screw over for people like you. Should Trump crash the economy? People like me go in and buy quality assets at fire sale prices while people like you starve.

Most are self inflicted.

​@@tdgdbs1It's not getting easier for anyone loosing a Job, Building back broke is starting to really suck, Right, I see a lot of lazy people suffering 😅

People have stop making payments only makes things worse. Not wise

Welcome to America where for decades Americans have been living paycheck to paycheck, for decades most Americans can’t even afford a $1000 emergency

But to be fair Americans are to blame, the more they make the more they spend.

I've done both. The problem with flipping is you have to slip title illegally or transfer it into you name which is time consuming and costly

@@MX-CO Everyone makes their own choices. In NC you can have 7 titles in your name in one year. 2/3 people in a family can sell 14/21 cars a year. If done correctly & smart that’s a $2000 per car extra a year. To Hell with government….. If you don’t want to work hard then go work for somebody & not yourself. Don’t be greedy, keep it light & keep it cash 👍🏼

​@@LittleMiaMooTheShihTzu White Trash Motors. Buy here pay here! 😄

Longer than that.

04 Honda Accord with 270k miles and running great.

@@underachievingwatchcollect1878 I have 260 on my 04 yukon, also Running great. I would probably do a four cylinder but I tow a camper. I also only paid $2800 for my yukon with 200k , 4x4, comfortable, powerful, no payments. I have no clue why people are paying $50,000 plus and no clue why they are making huge payments. If mine breaks I'll get it fixed.

Good luck in finding an "older" vehicle that doesn't have "terminal body cancer". Here in Wisconsin, 7yrs is about the limit for a "daily"!

Designed to get the little people upset, blame Biden and vote for Trump. Works like a charm every time. None of these people have read Project 2025 and how it will crush the little people.

Yes and you would do the same if you could.

@@MrMarkmcfarlandNot necessarily true. Example: my daughter bought a pre-owned 2021 car at the beginning of the year. Part of the pre-owned warranty included 2 free oil changes. Brought the car into the dealer for a mechanical problem and she was near the mileage for the oil change so she had it done at the same time. We go to pick up this morning and there’s a charge for the oil change. I suspected they were going to try and play games so I went with her. Go to check out.. there’s an oil change on the bill. I ask the cashier about it and she said “only if the light is on”. Funny how the sales guy never mentioned that little caveat which I’m sure is non-existent or buried in fine print. I went to the service advisor and complained and it got taken off the bill. Moral: You choose how you conduct business. You can be honest and do the right thing by your customers as my mechanic does or you can act like the dealer. If you’re an honest, upfront business you can charge a price premium and your customers won’t complain because they trust you. I’ve been going to the same mechanic for 35 years and he is not the cheapest but he is honest and stands behind his work. For example..I know he has a 22% parts markup and when he explained it to me, I understood and accepted it (warranty issue… if the part goes south even if he can exchange the part he has to eat the labor costs to replace it).

Yet they blame Biden for corporate greed.

very judgemental. sometimes accidents, disaster, and people get sick. You should be thankful that your life is so great. As you judge, so shall you be judged. Walk a mile in another mans shoes. Yes there are frauds. And then there are sadistic people too who relish in the suffering of others. aka trolls

Yep...recently saw a woman.. ( I think) pay 15 dollars for a pack of cancer......... walk out to a POS car......no animal on the planet does that to themselves except humans...

That's absolutely true, but also say you have a $350/375$ per month payment on that crappy mini van he opened. That thing has 230,000 miles or whatever and even for those people it has to sink in that this thing isn't even worth $375 much less per month for two more years.

@@seane.9937things to think about before you buy.

because dope, smoke, beer and tattoos are personal satisfaction and investment back into oneself. cars and rent are joining the matrix of modern slavery by putting yourself in debt. Cars are a depreciated asset that eats up your money as well as a rent/mortgage payment. Those are not self sustainable living situations. who tf would want to feed 2 additional stomach just to live life? on top of your wife and kids stomachs that you have to feed as well? Own a car or house isn't just owning without no high cost maintenance bills behind. It's a one time payment flat rate thing.

@@seane.9937 I was in the landlord business for over 40 years. It made me sad to see the many wrong financial decisions people made. The just kelp making one right after the other, over and over again. Working hard their own lives and had nothing to show for it.

Is it similar to cleaning up a "crime scene"? The BOSS should pay extra for "hazardous duty" work!

@@TheOzthewiz We have bio hazard sticker for those cars, we don’t even get in them. We drag them onto a rollback and take them directly to be auctioned as salvage.

Anyone that says bidirectional scan tool can't be trusted

English or don't post.

They aren't selling, they are buying!

Probably some of Brandon's "gently owned" goodies!

They really don't. Most of the cars they sell won't last past one or two owners. I used to sell used cars at a Buy Here Pay Here lot.

Most of them will end up on Brandon's lot, after a refurbishment of course!

Mass transit's not always available in many areas to take to work. Brandon's story of the repeating cycle is true.

Or they should buy an suv or van and live in it

@@azmike3572yup history always repeats itself, people have a short term memory so it repeats often. Repos were actually higher in 2017, 2018, and 2019. For decades most Americans have lived paycheck to paycheck, even after they make more money they just spend more money 😂😂😂 I used to be like that and most of my family and friends and co workers still do it. They will buy a bigger house, take more or more expensive vacations, buy more expensive cars/trucks, eat out more often, buy more new clothes/shoes, etc,…..

No! It's the God given RIGHT of an Amerikan to own a car!

You definitely got it "up the old tailpipe " by buying a Chrysler (aka, Stellantis) product!!

A new Mazda SUV, plain jane trim with all wheel drive is under $27,000 MSRP. I just bought one. Much rather have a new vehicle that is prices at or lower than used car prices any day. YMMV, of course.

Or get a hazmat suit or at least a pair of latex gloves. Recently rented a Nissan Versa econobox while on vacation. It smelled AWFUL from BO to the rental fragrance that they put in. So disgusting and felt dirty every time I got out of the car. The car worked well and had excellent air conditioning. Was surprised at how well it drove, once it got up to speed. I think it had less than 10,000 miles. Rental cars have hard lives.

Honda CUV?

My Huracan insurance is only 3k a year

Everybody has different opinions so much that I don't know who to believe. baffling

There was a video where the news crew were asking the fed why consumers are not happy despite impressive economy figures and the fed answered “I don’t know”

Main st and wall st are 2 different thinge

The stock market is only really a gauge of how the top 10% are doing. The economy is great right now - if you're in the top 10%. It's crap for everyone else.

The economy is terrible with the migrant crisis it will only get worse.

La da da da 🎵🎶🎶

Yes. That is Brandon's point and why HE doesn't buy them. NOBODY wants them.

It's NOT that bad! Probably just need a "tune-up".

It's the AMERIKAN WAY, MAGA!!