IT STARTED: Banks And Dealers ARE TAKING CARS!
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- Опубликовано: 6 фев 2025
- IT STARTED: Banks And Dealers ARE TAKING CARS!
My Email - cqabrandon@gmail.com
My name is Brandon and I am a used car dealer. I created Car Questions Answered to share the ins and outs of the used car market from my perspective. I share with you updates on car prices, what's happening at the dealer auctions, and what it's like being a dealer. My goal is to share information to help you make the best decisions while buying a car to save you money. I do not want car dealers taking advantage of you.
Thanks for watching and please feel free to leave any comments you may have in the section below!
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*None of this is meant to be construed as financial advice, it's for entertainment purposes only.
#UsedCarMarket #CarPrices #carmarket #usedcarprices
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17,000 dollars for a used car that has 150 or 200 thousand miles is beyond insanity. And that is what is out there right now. I own a ford explorer, I bought it with 74,000 miles and paid less than 7 grand for it. I'm still driving it, and i will until these prices become sane. unbelieavable what people think they can get away with.
Idk man, you see those deals those unions are getting?😂. Pretty soon if not already, a car will cost a kidney.
Maybe. Toyota and Honda with an inspection, miles don't really matter. Some people I've seen, 74k miles they maybe did 4-5 oil changes, so you automatically assume low miles is the best choice. Some 200k mile cars are well taken care of.
I do my oil change every 5000km or 3200 miles in freedom units.
Never follow manufacturers schedule oil is cheap.
Major problem is people are getting eight year loans and buying on payment rather than cost. If financial companies were not allowed to go past four years of finance, prices would drop over night.
@@HelloHello-yb1rl That's not where the money goes but keep believing sales price and labor have much to do with each other.
This is the Golden Age for auto mechanics. I deliver parts. I'm stupid busy.
Hopefully more people watch RUclips videos and start repairing the moderate level repairs themselves .
It is sad how many people not only have to finance $5k vehicles, but then cannot keep up those payments. A real sign of the financial state we are currently in.
It's sad that my poorbros have paid-off cheap vehicles they bought long ago and still drive quite happily while people who make much more money waste that money being foolish. I'm far from wealthy myself but like them I chose to learn to wrench and have never had to sweat choosing, buying, repairing or maintaining a vehicle in my life. Neither did they because they understood ya gotta harden up young and learn to take care of yourself. These gents also own their own humble homes and land because they wisely chose not to live in expensive areas, there being no excuse for wanting to unless one is rich. All I did was learn from wiser men by supplying my own determination. Women can do likewise (my wife was a skilled helicopter and fixed-wing mechanic).
It's sad that people tolerate their own ignorance and have no shame about it. They tolerate having useless interests, useless hobbies and tolerate their own substitution of distractions for self improvement. There is plenty (I contend much more!) fun to be had by expanding what one can do to be less dependent on others. My bros are all country lads who even if they didn't have great parents were expected to handle their business, so they did.
Don't worry, 25% tariffs on repair parts will help 😂
@ Yeah for sure. The GDP is not filling our tanks and fridges.
we have a saying here: "nothing more expensive than a cheap BMW"
😂😂😂 mb British or Stellantis 😂
Sure there is, used Jag or Bentley.
Bhahahahaha so true
I have a 2018 rebuild f80, 2016 f30 320 sedan and a 2018 X5 40i.
It's a hobby 😅
I bought one for scrap price, costs about $100 in maintenance per 1,000 miles driven. Love the car
"The radio got to work". That's like putting $4000 worth tires and rims on a car that barely makes it out of the driveway.
I have a super clean 2010 Acura. 125,000 miles All service intervals done it's whole life and long paid for. No way I'm giving it up.
2010 Prius with 200K miles and still on the original brake pads. Unstoppable.
I have a mint 1996 Acura that my son now drives.
Not long ago I saw a few Acura/Hondas around 2010 MY. Our giant dealer conglomerate was asking $14,000 with about same miles. Less than 100k and they were nearly $20k.
The smart play is buy another clean one before yours eventually needs work. Then you have two which eliminates time without a vehicle.
I've wrenched since the '70s and easily get over two decades out of my rides and because I have more than one of each even a wreck is worth keeping for parts. Honda made some great cars and motorcycles.
@@Comm0ut we’ve done with family as well. Trusted people I know won’t destroy the car. Helps out and car isn’t sitting too long.
Friend of mine had Ford Focus repossessed. He then declared bankruptcy. He found out where it was going to be auctioned. He and wife showed up, she registered for auction
She bid and got car cheaper than what was owed when it was repossessed. She paid cash and put in her name.
So the dealer got paid twice and your buddy has a 300 credit score. Great story
@dingusflingus yeah, but he didn't care, got car back and ended up paying little more than half purchase price at the end. Saved about 6500 dollars.
This is America. About 15 minutes after a repo someone else will loan you money for another car. Credit in America is FREE!!
@@geocam2p iss on America, yes
And dudes credit took a dump for years over a grand...... Slow clap.
If someone doesn’t bother to pay their car note, it is safe to assume they neglected the upkeep of the vehicle too. I’d be careful if buying a repo.
You have no idea what you are talking about.. I drive a brand new bmw and I could lose it all tomorrow, car still kept up its maintenance. Did you forget ALL new cars come with maintenance coverage for the first 3-5 years, depending on the company.. they don’t even pay for it. Stop assuming you know and educate yourself.
That car with the number in it was probably abandoned at the repair shop due to cost to repair and it was repo'd from that location.
Fortunately I have a public auction near me. Bought a grade 2, 2007 Nissan Altima S for $400. 2 Amazon wheel bearings, junk yard window switch, purge valve I did myself and a new Safelight windshield. Been driving it since last August. Nice heat, cold air cond. Reliable. Don't need new car dealers.
I refuse to buy a car unless it ticks and the check engine light is on
and in the military, we refused to fly an aircraft unless it leaked.
I'm an airline pilot, and I wouldn't even consider flying an aircraft without a long list of minimum equipment failures.
No situation ever works out in favor of the consumer, EVER!
Good point. It’s not good for anyone. If they took care of customers they would thrive
What up Brandon! Hope you're having a great day. Thanks for all the content. Keeps me entertained.
Appreciate the support!
selling cars for 5k and under is doing good work.
I really despise the private equity/corporate model that fixes everything cosmetic on the car but then passes all that cost and more to the customer.
you can never find a car for under 5k at those types of dealerships.
As always, CQA, thanks for a look into a world most of us will never see.
I would not buy a $2,000 Mercedes. I do not want to pay $3,000 for new tires to be put on a $2,000 car. Everything is much higher on those cars.
Toyota, Honda, Ford(no 4 banger turbos), pre 2008 gm trucks and SUVs, most Hyunda/Kia, Mazda, , non CVT Nissan(no Titans or Armadas), old school Dodge, probably up to about 2010, not really sure about the year...... That is my buy list, in order. Nothing else would I even consider owning. I have good friends who are aftermarket mechanics, and this list is created with their help.
Old Infinitis are good 2
@ Good catch, I did forget to mention the premo brands of the Japanesse makes....they are just more complicated versions of the regular brands, but they are good quality stuff.
Found a VW beetle a few months ago. A 2000, with 10k on the ticker for less than $5k. No need for a car for many years.
We bought a crashed car from the auction. we fixed it up and the dealer came and towed the car away in the night .
Ill say I FINALLY saw a new RAM 2500 with the diesel for under 60K, I still think that is a bit high but it seems to be moving south. Its a tradesmen as you would expect, but the options on it were not as bad as I would have thought.
This guy's a pro, knows exactly what a repo looks like 😂
So glad you did this video. I was wondering what happened to cars that were repo'd. 😉👍
Dodge Ram 5.9L Magnum motors are also grenade-proof and lasted almost forever. Loved having them before the 5.7 hemi came along.
No way they ever changed the oil. Non of them.
Lmao 🤣
I don't think anything has started. I looked at a new F-250 yesterday, wasn't even top of the line....$100,000... They can keep it
I feel so bad for Dealers and Bank! You poor things! You were both the first Hogs in the feed line! I'm just sad you can't cheat people as much!
The occasional car owner who is in arrears with payments voluntarily turns their vehicle over to the lending credit union or bank. It happens more than one would think.
Quality cars are probably hard to come by because many people had to buy what they could afford in the first place and manufacturers had to cut back on quality to meet the demand.
In two years these banks will have to lower prices at auction , taxes and storage plus deprecation will kill them otherwise . That's my plan waiting another two years .
Trump will bail out the banks.
Those auto loans were more than what the vehicle was worth. People are just walking away from the vehicle and car payment. Maybe, they should secure another loan and lowball the bid. 😂
Got a 2013 Toyota Camry with 82K miles from a dealership this month for $9K. Pretty good deal, Carfax said it only had 1 previous owner the whole time.
Good deals do exist but they will never be new vehicles unless dealers want to take a hit and sell it.
I wouldn't even consider buying these newer manufactured vehicles with 50 k or more . All those complicated electronics and mechanical systems would require another loan to repair and it's almost a certainty something will go wrong.
what can go wrong ? $1,800 car payments - 27% interest - FICO 599 - $1,000 down
I think no one wants a Tundra because it’s as wide as a 3/4 ton but has the towing capacity of a compact truck.
Bingo....
You saw the Toyota scam😂
I had the North Star engine replaced in our Cadillac DTS.
SEND CLAMS APRIL. LOTS OF LOVE
Those engines had permanently installed sparkplugs!
'97-98-99' Northstar motors had shortened head bolts and that caused head gaskets to blow. '2000' they went back to the regular length bolts and that cured the problem. Northstar took a big hit with that stupid move. How much could they have save by shortening the bolts by maybe a 3/8" ? Go figure.
Dodge is finally seeing the light and bringing the V8's back
There used to be a saying that if you wanted a Jaguar buy two because one is always gonna be in the shop.
So true my neighbor bought a SVR brand new then it went to the dealer to get work done when she was there she bought another SVR to drive and now they have two blacked out SVR in there driveway sometimes. Those things are beast but you definitely need 2.
thats true for all british cars!!!LOL!
I go back many decades and that saying is correct. The British auto industry built beautiful junk, died then the brands were bought by adults but their QC is questionable.
No need to go by mileage on a northstar, just see what day of the week it was built.
Stock market at all time highs = money printing.
If you're not financially where you want to be, don't buy things you can't afford.
Brudah you have been "forecasting" this for ages and showing full car lots, while the prices are still crazy high. We must live with the fact that expensive cars are our reality.
Guy just said repos are crazy high and economy isn’t bad. What a clown world we live in. Economy is terrible bud
I stay at least a month ahead. I'm not loaded, that's for sure, but that way, I have a buffer if I have to be a week late. That keeps me out of my savings account too.
My neighbors son. Got hit in his brand new Kia. It was at the dealer for the estimate. Repo man got it back from the body shop. I thought it was funny.
your son has a repo in his credit report...for the rest of his life.
@ neighbors kid has 3 . An Acura, a suburban, and the Kia. Somehow they still give him a car. Go figure
😂😂😂
As time goes on that repo won’t matter on his credit. I had a repo when I was in my 20’s & now in my 50’s my credit is a tad over 800 & I have no problem getting credit at excellent rates!
@@nomadpi1 10 years, banks start looking the other way after 2-3 years ...
Reality sets in when every single month you pay, $500 $700 $1000 😳Imagine all the ppl that got co-signed scats and hellcats!
Plus the insane insurance cost also
the reality foolishly bypassed from the get go is you don't really own the car.
@@seandp85 depends on your drivers record and age, Bud!
as soon as PROFIT is more important...when does that happen at a corporation?
Please explain the difference between a repo car and a good car.
I hear you say ragged out but how can you tell between a good car and a repo ?
Are all repos bad ? Are all new cars good?
Found an 06 gmc 2500 with 50k original miles. 8.1 ally with double OD etc etc pristine condition for 12k. Very happy.
That's a lifetime truck if you prevent it from rusting, and the fuel cost won't matter since you won't need another truck.
Looks like junk yards are gonna have a lot more car parts for a DIY’r
Right now it's the combination of the Kia/Huyndai problems and the Ford/GM/Nissan transmission problems that are really driving up prices. If it weren't for the "Kia Boys" problem, and the crappy transmissions in so many Ford Focus, Chevy Cruze and Nissan Altima sedans that result in maybe 1 out of 10 of those cars lasting to 150,000 miles there would be plenty of used cars. There's a real shortage of decent cars so an eight year old Camry or Forester with 80,000 to 100,000 miles is going for almost $20,000.
Bring back the Toyota Yaris, Honda Fit and Chev Spark.
People buy used luxury cars instead for less money so they can show off. The lot I worked for tried offering practical cars but most buyers are aspirational and want to show off.
@CCQA lets cut to the bottomline... dealershipt have out priced themselves vs what the market can afford. greeds from the mech shops to auto sales and lastly greedy insurance companies are pricing themselves out of the market. i hope class action lawsuits increase to callout their greediness.
That ticking on the white van was very loud when it drove by at 4:40. I immediately thought "don't buy that one!"
It's a bad time for car dealers it's a bottomless market middle class Americans are struggling whether you believe it our not
That pink and gold chevy is at a used car dealer right next to my house 🤣
Your new years resolution is to at least do 1 positive video and no rinse and repeat
Love the pink accents on that car😂😂
Never had the oil changed in those cars, i bet.
For sure. All repos have engine problems by 50,000 miles.
You don't have to bet. Carfax shows most oil changes at "reputable" shops. If it doesn't show a history, just don't buy it. Although a person could change their own oil and it would not show up; better to be safe than take a chance.
Excuse my ignorance in advance, but are those boats repos too!?
Repos being blamed on "consumers that refuse to pay or fix their car" by the same dealers who sold them the car 3 years ago with a $20k market adjustment and high interest rate they've been cashing in on.
That'd be good trick to put those stickers tags on cars that you like
Very good news!
I like how you say "behcauoose" lol
A lot of financially-illiterate people out there who obviously don't know that they can't really afford a monthly vehicle payment that exceeds approx. 7% of their gross monthly income. The further you stray from that sort of sensible budgeting, the more likely you are to get into trouble - most especially if your auto insurance expenses on that vehicle is high as well.
Buy here pay here customers don’t care about repo’s because they go to another buy here pay here dealer and get another one.🙄
If your car gets repo'd that doesn't mean you are off the hook for paying. You still have to pay for it.
One word: bankruptcy...
I wouldn't want a repo at any price. If it's free, i don't want it.
This is the correct response.
Also police auctions
Does cops beat the living crap out of those cars @@ozzy.....7383
I don't mind a repo if I inspect it but people who are not mechanics should be extremely conservative with every choice they make.
Do you know what you are entirely right I've seen a few repos in a few repo channels that put everything they show is Beat to Death
Can you do some videos on muscle cars??
The thumbnail in combination with the title is 😂
Don't the dealership lose when they sell at auction?
Depends on the auction but they only need to make a NET profit on their entire vehicle flow.
Not if the initial customer made 2 years of payments before the repo.
If a customer drives off the lot without ever making a payment, then yes the dealer is probably losing. But a customer who makes a habit of that won't have credot for very long.
But most repos have made partial payments prior to the repo.
Good story telling 👍
Thanks Brandon 🙏
You mention how a Repo man will repo a Front Wheel Drive car and drag the front wheels and Destroy the Transmission. Nobody tells the public this, all hidden info that you aren't told about with a Repo.
The markets has been crashing for 2 or 3 years according to this guy. No one buying a car.... hahahah
Its interesting for the new year, I have seen virtually NO EV adds here on PRY (peoples republic of You-tube) LOL
Remember the Day that used Cars went thru the Roof? 2 years after CASH FOR CLUNKERS!!
Nothing new, different day
They can have them. All they want and more.
Lower car loan rates
Hey B-- “IT’S DONE” is DONE!!! I think that’s your “tease”
If I can't have it, know one can!!.
That is just how people are.
This isn't a new phenomenon. The repossession wasn't invented yesterday 🤣
I have always wanted a brand new high rooftop, 2500 Dodge ProMaster cargo van. Something I can live in, travel. Anything you advise/suggest is welcomed.
Sure thing. Don't buy a new van. Do buy used from a private party who is also old with plenty of money. (I'm old too and experience shows in how one cares for their possessions.)
Do exhaustive research and find MECHANICS (only mechanics can have useful technical insights on vehicles, ignore sales droids) to learn which specific makes, models and DRIVETRAINS they approve of. Never buy something for superficial reasons. If you want to live in a wheeled vehicle it's best to pull a trailer so drivetrain repairs don't mean your home disappears into a shop. reddit is a better detailed resource than RUclips and brand/model specific forums with experienced line mechanics are gold.
Research is fun and so is saving money. If you buy anything with an extended warranty study the fine print first and not at the dealer, but leisurely over time. Salesdroids can't subtly pressure you when you're at home chilling out. Good hunting!
You know its the best economy ever when they are selling repo'd boats at the auto auction..
I have a 92 F150 with over a half million miles a 2001 F250 with over 356,000 miles 2013 Ford Taurus with over 315,000 miles a 2017 dodge journey with over 157,000 miles I’m so thankful all paid for and all still running and I fix em myself never had any of em in at a shop not even to put tires em
I just pay people to do it.
Thank you
it’s over
if a dozen eggs cost $10 why can't a truck cost $100K - LOL
A dozen eggs costs $2.99 in Columbus, Ohio. Where do you live?!
@@geocam2 sure sweatshop eggs - I buy organic pasture raised and they are $9.99 at every store in town
Repogeadon!
A lot of 100k cars BMW , Rover , Mercedes , Jaguar ,Tesla,gonabe junked eve thou thrills low ,it wil only take minor boy work one big motor issue to make the vehicle unsalable to anybody.. To expensive to fix any car or suv
Good. They'll make fine parts donors or mechanics will buy and repair them. If you can ever manage to take a community college auto repair course it pays off for life because knowledge is power.
Very Good!
When did they stop repoing?
Repos never stop and there is no "they" as each business is different.
Started a long time ago
You mean you're telling me they're that lazy and they don't take the tag out
so the prices for used cars should come down.
Nope.
This is the first I'm hearing of people drowning in car debt
All of these repos are clappers! Where are the nice cars that are getting repo’d? The nice trucks? The high end cars Beemers Lexus and Mercedes?
Well.. Might be those good vehicles are not in arrears because the owners are making their payments..
Why would anyone sane want a high end care except to impress other drug dealers?
@ - If I had to explain it to you, you wouldn’t understand it anyway!
@ - to my point, no they are not making the payments! Thousands of nice cars are scheduled to be picked up. Many times the bank will work with the borrower because they don’t want to book $100,000 loss on one car. The payment arrangements will run their course if the economy slows a little further. It will happen.
How do you know it's a repo and not a trade-in?
Doesn't matter much. CONDITION is everything so it's wise to have someone with zero ties to the seller inspect it.
5:55 that’s ripped from an older video.
1:21 ahh an Altima in its natural habitat
Ha HAAAAAAAAAAA HAHAHAHA