The Car Market Just COLLAPSED And The World Knows
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- Опубликовано: 3 дек 2023
- The Car Market Just COLLAPSED And The World Knows
Graham's Channel - / @grahamstephan
Andre's Channel - / @andreijikh
Alex's Channel - / @alexpmo
In this video we talk about Car prices going down and the main stream media and popular youtubers reporting on it. I also talk about the impact it has on myself as a small used car dealer.
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!
And make sure you don't forget to LIKE, SHARE AND SUBSCRIBE FOR MORE!!
*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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Great video, Brandon! Thanks for having me be apart of it!
Thanks for coming on man! Love to see what's going on at your store!
@@carquestionsansweredhello I love your work. Could you one day do a Cadillac and Mercedes dealer
No more Mike Davenport.
@@carquestionsansweredhey where's your dealership. I'm looking for a vehicle to buy
@@carquestionsansweredlet the big dealers choke on their inventory.. they took advantage of the consumer in the pandemic
HOLD THE LINE. DO NOT BUY YET.
1/2 the middle class couldn't even if they wanted to.....
Too late I got a red 2005 Mazda 6 isport hatchback with 109k miles & 1 owner for $5500 Saturday couldn't resist there were 2 other people waiting to see the car while I was test driving it.
@vg4472 Smart move no payment is the best payment.
But what if I got my new Tacoma for under msrp?
More and more people can't buy...it's not a choice. And it's getting worse.
If you have to speak to a salesman to figure out the discount, things have still not changed enough. Cars dropping $1000 is not going to get the job done. Getting $15k off of a $99k vehicle is not going to help most people. There is still a long ways to go if these are the current indicators. Nothing has collapsed.
It will be one of those you can get 15k off if you finance at 12% kind of deals that isn’t a deal.
15k off but junk fees, processing fee, dock fee, this fee n that fee…right back up to 100k or more. So, what did you save?
@@fluffyjoker69pointing out a fee? That's another fee.
Trucks have become luxury vehicles. Who can afford a 70-100k truck to do work? At that rate, I'll never be a truck owner.
Yep!!!
$99,000 for a truck is way too much. Even with the $15,000 off, it is still $85,000 + interest charges. 85,000/60 is still $1,416 a month. I just cannot fathom paying that, then insurance and finally, gas prices for the truck. That would be around $2,000 per month just to drive a vehicle.
In the state of Tennessee, this would also have a sales tax cost of 6k, not counting the county sales tax. So back over 90k total.
fix your math, friendly here. Cost with interest close to $120,000=$2000+ payment + $150 month ins+$600+ fuel and maint=$2750+ month for 2000 miles/month +/-. Add $1000+ month rent, minimum life of $500 month. $1000 a week to break even. Yep!!
Last "New to me" vehicle I bought was a 2000 Jeep Cherokee Sport 4.0L I-6. Paid $1200 cash, put $300 worth of tires, $250 in brakes, tune up, oil and filter, and AC work, and been driving the shit out of it since October 2022.. Well over 12,000 miles in the last year. Yea, it gets 14mpg in the city and 18-19mpg on the highway but its paid for and I've had offers on it for double and triple what I originally paid for it..
Dont forget mandatory warranty work and maintinance
you realize you don't have to buy the platinum king royal silver diamond executive limited plus Bauer Blass Vanderbilt edition, right?
As I watch these videos, I find it INSANE that people are paying 100k for a truck. I buy nice old trucks for 7 or 8 and drive em for years and just rebuild.
I have a 1995 dodge ram 2500 diesel. It's got almost 300k miles. Only big repair I had to do was a new transmission 10 years ago. But the repair was 4500 dollars not bad compared to the prices of diesel trucks nowadays. It's astonishing. Also not to mention how all this new stuff isn't built to last with all these censors and emissions. Also manufactures aren't designing these new cars and trucks to last. Their goal is to make you buy a new one in the next 6 years. You never see these new car commercials talking about reliability. It's always about how much more tech garbage they can fit into it.
If you mean 7 or 8k that’s too much. Unfortunately the days of sub 1k trucks are long gone. Thankfully I picked up mine for 800$ 7 years ago. Only had to do a head gasket in all these years.
I hope a lot of these dealers go out of business. They jacked prices up to ridiculous levels and were gauging the crap out of customers. People don't fall for these dealers taking $2-3k off vehicles they've over priced by $20k. Hold out and keep waiting.
Totally agree!
Exactly and they are sell sub standard cars and truck . The new stuff is in the shop more than driving. They are all junk.
That is the plan for companies like ford. Clearing out the dealers in any state will enable them to do direct sales in some states and then they can use the out of state purchase as a way to sell to people in states where they cannot do direct sales.
Direct sales is the only option legacy auto has to reduce prices without losing margin.
If CQA were doing his due diligence he would be telling viewers what the Dealer Invoice Price was for each vehicle he talked about and then recommending a 2, 3, 4, or 6 hundred bump for a OTD value.
smaller dealers probably will close, or be absorbed by the larger ones. every time a dealer closes, there is less competition. less competition = higher prices. be careful what you wish for.
Just because the dealerships might be lowering their prices a little dab is hardly the market crashing. Little discounts like $1500 ain’t shit. New vehicles are over priced in many cases 10’s of thousands. When the dealers start going out of business then I would say the vehicle market is crashing. If Americans would stop paying these ridiculous prices just to get a new vehicle to keep up with the neighbors, then things will turn around. Do we not look at the value of what we are spending our money on anymore?
Two weeks ago, I hear on CNBC that Carmax's average profit on each car was $6,000. That sounds pretty high.
facts
maybe watch the video again with your listening ears on.
Completely agree. Most of these truck prices need to come down by 1/2 or more to be realistic, and dealers have been skinning customers for so long now that they just won't drop their prices to reasonable, rational levels. I hope several large dealerships go under; that's the ONLY way the market, as a whole, will correct itself. But like our pathetic political scene in America, it comes down to the citizen/consumer. We vote or not; we buy or not. We can drive prices the way we want, if we will just hold off for a few more months.
Wait until all of the new UAW contract costs trickle down do the consumer.....
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OK bot
New trucks well equipped should not exceed $40,000. The average person’s wages simply can’t afford these ridiculous inflated prices. I believe a big crash is coming.
Unfortunately idiots think 1200-1500 a month car payments are fine.
Absolutely agree.. not to mentio the ridiculous pyush for EV which is highly unpoopular
@@rungfang27 That's the PRE-REPO package 🤣
This crash is a long time in coming, and it NEEDS to happen in order for the market to correct. Although, politicians may buy the dealers out ("for everyone's" good" -- which is B.S.)
Agree. Do get some needed metals.
We need a 25% drop in price to start. I could care less if the Dealers go out of business.
Didn't Ford say the new UAW contract would cost about $9B over the next few years? Even if they exaggerated by 50%, prices are not coming down unless some other factor kicks in.
@@bills6093Well good luck with that. People can’t afford it. It will just affect other sectors of the economy. Housing and cars are going to wreck it all. If people didn’t have credit cards it would be a done deal by now.
@@bills6093 The contract will give them an excuse to downsize and cut head count. Massive layoffs coming in 24. After they figure out what they are going to do with the EV line. Gov. Bail out maybe. It will be bad for Ford and the UAW
Good luck with the 25% drop. That won’t be happening anytime soon 🤷🏽♂️
@@Memo76ers then good luck with the shit economy that’s going to arise from that.
Love the PbatesLTD content. I think this project is just as essential as HBAR and they both will be great movers
The dealer gives you 10% off a 85K truck with a 75K MSRP...that really should be 61K...you didn't get a deal, you're still getting ripped.
61k is still to high. My gramps bought a Truck in 2014 a Ford with an extended cab with 23k miles for 24k. Fast forward and now that same Truck with 160k is now worth double? No thanks!
Your getting ripped off at $50k. It's astounding how much money these car companies are making 💰💰💰💰💰
To me car prices were already inflated by 15-20%, I would like to see sticker discounts closer to 12-18% off
I think prices should be down by 33% at a minimum.
I’m almost wanting to see dealerships go away and then pass a better law that prevents manufacturers from price gouging so we can buy direct.
if the manufactures used the tesla method where instead of having dealerships they have "Galleries". Where instead you look at one model and build it with a designer who works there and then you will pay and or get financed and then they will ship the car to your door.
@@ravemaster7405You don't even need the designer at the showroom to purchase a Tesla.
You can just design it as you wish online while at home, order it and then spend literally just a few minutes applying for a loan at the Tesla site and then get approved by a bank in just a few minutes more.
All from the comfort of your own living room, home office or bedroom mattress with no wasted time, no BS or hours of bargaining and no stress.
@@machinesnmetalunfortunately there is a Law that prevents this. Which is why tesla had to quite a bit of work arounds.
That would be a lot of lost jobs, each dealership can have upwards of 200 to 300 employees, and it not just sales people, lot porters, mechanics, estimators, body men, painters, detailers, the amount of tech some of these cars need an independent mechanic cant afford. You cant just go to bobs garage and expect him to calibrate an adaptive cruise radar and 360 camera system. There is alot more to it than most people know.
The good news is inventory levels are increasing like crazy. The dealers/oems are stubborn and are trying with all their might to hold onto the higher margin model. I know it seems like forever but things are moving back to reality. Unfortunately you still need to know how to negotiate. Know when to walk out is your number one rule. Always negotiate the OTD price and NOT payment amount. Never get emotionally attached and never test drive the car at the place you try to buy. They see that as a weakness. VERY important. Also show them the best deals you have researched from other markets online and tell them you have no problem traveling out of state to get a fair deal but will give them the chance to sell it locally. If you pay cash don't tell them that up front. Let them think you might finance it. And if at any time you feel they think they have the upper hand then go back to rule number one and walk. Because they really never have the upper hand. The buyer should be the one that maintains control. I would set a date of Jan 31. Dealers are very slow that time and its well before tax refund time. Plus its the end of the month when dealers are trying to make quotas. After the holidays money is in short supply. Dealerships are empty. The lots are full now but it will be even worse by that time. With allot probably rotting over 150 days on the lot. That's when you hit them. When they are at the weakest point and desperate. And show no mercy. I'd tend to look, act, and behave like a used car guy when I buy. My wife doesn't like me when she sees me like that but I tell here their is a method to the madness of buying cars lol.
I remember when I bought a brand new 2011 F-150 begining of 2012. It was $28k Xlt. Came with the tow package and chrome package. My payments were less the $375 a month. Now it would be $700-1000 a month.
According to the Bureau of Labor statistics calculator, $28k in 2012 now has the buying power of $38k.
Arbitrary numbers for an arbitrary system. The people determine the worth. Not everyone plays fair.
Lets face it. It's hard to find a family size vehicle these days for less than $50k. 1/2 the population just can't afford that. Manufacturers can layoff 1/2 the workers since they won't need them unless they start making affordable vehicles again. I don't need a 14" big screen....a $4000 tailgate...sensors that tell you about the people around you etc etc....
About 90% of the population can not afford a vehicle of 50k, but many are doing it anyway. Being able to afford a 50k vehicle in a reasonable matter every 5 years, means you are roughly at 10k a year. the rule of thumb is to not spend more than 5% of your yearly income on a vehicle, meaning you would roughly have to make 200k a year to make this a reasonable purchase.
Depends how big body your family is, four door sedan should be fine
Those record breaking UAW raises will come home to roost soon.
no shiite. i can use mirrors and maps and use buttons for a/c/heat/radio. don't need a computer to do that and sure as he!! don't need internet. it's a car, not a house.
There are plenty of great used family sized vehicles for cheap if you know what to look for. 2006-2009 Chevy Trailblazer 4x4s are rec'd by Scotty Kilmer. Can get a nice one for $5k to $8k. Just buy one from the original owner who did all the maintenance, then spend another 2-3k to replace/upgrade it to make it as reliable as a new vehicle and for under $10k, you have a vehicle big enough for a family with real 4x4 capability that's built on a tough truck platform. The engines in them will last 350k to 500k if you take care of them. Plus they can tow over 6,000lbs.
LOL imagine buying a "new" vehicle that's been sitting for a year or more in a dealer lot. No thanks.
Agreed. If you don’t need a car, better to continue waiting it out
Dealers did this to themselves. These cars can rot.
Went to my Ford dealer yesterday here in Central Florida. They are still charging $5k over MSRP on a Super Duty Tremor. $88,300 and they want 93K. Even keeping the factory incentives. Hope they choke on their inventory, LOL!
It must be Mullinex they want to keep all the rebates. Or could it possibly be the Ford dealer in Maitland? I think that dealership has changed hands like three times already. I remember back in the day. What was Johnny Bolton Ford. Then changed to Don Reid. all the motorcycle dealerships in Orlando doing the same thing. I get tons of emails want to know if I want to trade in, nope paid for both and paid for. Let them starve I’ll buy when the dealership owners are in the street eating hotdogs.
Even accounting for inflation, this is barely even a correction, it is still insanely high. Need at least 50% price cuts for it to be a true "crash"
Let them sell at a loss. Not our problem if the car market is as inflated as the money market.
If you are not putting the discounts on the vehicles, where shoppers can see them, you're losing a lot of sales. Lots of people don't want to talk to sales people.
I hope all these dealerships who were overcharging customers now fail and people continue to boycott those places that were screwing people over with these market adjusted prices.
Soo, are we talking markdowns on add ons or MSRP. Huge difference. If a dealer is taking $15k off add ons, you're still wildly overpaying!
In Canada prices are just crazy. I walked on dealer lots while my car was getting serviced and was shocked how many vehicles were close to $100,000.00.
Stay away till the crash.
Not worth it don’t buy Bernie. Wait it out buy a cheap beater
Same here in BC!
Ram Limited 110k! Not a chance!
Ya it seems Canada just won't crash 😔
@@captain7492 Roughly 2 months ago, there was a TRX on a local Dodge lot for $170k. I'm also in BC. And someone bought it.
*Great stream, as always. I appreciate the level-headed approach you take to the news and the markets. A lot has changed and that's on everything but the truth is I don't even care much about bullish or bearish market anymore because Pbatesltd got me cover as I am comfortably making 3.1B T C weekly*
I talked to a guy at the gym,that bought a ford f-150 black widow. Was like 110k ish he said, his monthly payment 1635. I don't know why anyone would freely brag about that. 300 more then my mortgage.
Well, some people like to make themselves targets, then complain that they are being targeted.🤣🤣🤣
He should start learning some tricks people use to hide their car from the repo guy 😁
-50k in “value” in 2 years.
110 for a gas truck dude on some high quality DRUGS
That's more than double my mortgage
Don't buy nothing for the next 12 months hold the line 💯 let em feel the pinch you felt.....❤
Now is the time to hold off and let these dealerships just drown in their own greed…
10 percent ? Not nearly enough ! They have gone up over 60 percent over last 3 years
It seems like they testing out inflated car prices that seem relatively cheaper than 6 months ago. We shouldn't fall for it.
They’re going to have to discount a $100k truck to maybe $65k.
Website of dealer lots shows over 8000 2022 trucks still haven't been sold.
absolutely
Hold the line folks. We CONTROL this market. Dealers don't control the market, we do!
I wouldn’t pay 65k either 😂
@@msgmak1379problem is they still asking 100 grand for the 2022
Any dealership that is or has sold “market adjustments,” is a dealership to avoid. They need to change legislation, so you don’t have to buy from a stealership and can purchase factory direct. That would also allow for used vehicle dealerships to flourish.
Used can be just as bad though and are stealerships as well. I worked at a few then changed careers. Never looked back.
Near me, factory direct for Hyundai Kia Merc and Honda means there will be no negotiation and they don’t have inventory to shift. In some cases it’s a 4 to 10 month wait and they will happily sell your place in the queue to someone who wants to pay the price.
Old crappy cars are still going up in value because that is all people can afford. 3 to 7 year old cars just out of warranty are dead in the water. I’m here for that. Friend got a 2021 Subaru for half its new price
The last time I bought a new vehicle was my Tahoe in 2008. Between the market crash and gas prices, I got the red carpet treatment from just about everybody in the dealership doing everything they could to get me to take one of their trucks. I’m waiting for that day again to buy my next new vehicle
always buy used the second you leave the lot that car tanks in value. Especially if you went with another tahoe. Those things lose value so fast.
Purchased a nice loaded duramax back then 55.000 miles for $16,000.
I can wait.
I bought a new Lac during that time and they damn near blew me
my car is a 2009. I'm waiting.
Exactly.
When that 90k truck comes back down to reality at 45k, I'll buy.
AGREE !!!! HOLD THE LINE !
How bout $36k. Thats how much my 2016 was with a v8
I've been holding out for more than two years. I'm not budging. I'll wait another two years. Keep waiting, people. We control this market and not the dealers!
Been waiting since 2020, couldn't wait anymore 😕
Gonna need a lot more than a 10% price cut.
I'm in the market for a new truck, I'll wait and see what things are looking like in March. These dealers aren't hurting enough yet!
Henry Ford paid his workers good wages so they could afford his cars. That was 100 years ago, but it might as well be a million years..
Well, unfortunately thats not true because the same workers unionized due to pay and they started shooting at the workers under fords command.
December 4, 1921 the New York Tribune published a plan by Henry Ford to use energy production as currency instead of gold, to end the power of central bankers to start wars.
I remember that article just like it was yesterday.
When Henry paid $5 a week ,99 out of 100 workers quit because working conditions were terrible. He paid $5 a day and No one quit. Yes,there were conditions attached to the $5 a day but the workers abided by them .
Yes prices are coming down (they are still expensive though) but at the same time banks are still giving high interest rates. So at the end of the day consumers are still gonna say no for high prices and high rates.
Buying a new car on a loan is just idotic, there is no scenario where that is reasonable.
@@cadrollhunting3564sounds like you're broke
People are waking up and asking why do I want to pay as much as a small house for a car that I have to pay off within 6 years or resell at a loss ... Prices for ALL new vehicles are wayyy too much... 30k for a car that they can sell for 15k and still make a profit? NOPE
Wait one second, the dealerships sure were not afraid to put the mark-up on the cars and trucks window stickers. If they can't do the same thing with the discounts then screw them! A sale of 10% to 15% off a car or truck that has seen an increase of 20% to 30% is not a discount, it less of a screwing.
All I want to do is go into a dealer and have them try and tell me about the great deals they have going on and then when I laugh at them because their still 10-15 grand out of my price range. Then have them call me twice a week asking me to come back in and listen to the same bull ! NO Thank You !!
I just bought a used 2017 Subaru Forester XT after following your videos and waiting for months. Paid 19 grand, 55K Miles, great condition.
6 Months ago the lowest I could find was 23-24k.
It's no deal of the century, but it felt pretty good knowing the insurance company valued it for more than I've paid for it.
Good job being patient.
I think my Daughter paid a little less for her 2017 subi new. Used ones were almost as much. She loves it
XT. That's a rare one. They haven't made fun, fast turbo Foresters in years so it's arguably "priceless". The Subie community really misses them. Good job!
@@RareGenXer Cheers, it's been a fun ride so far! Took a while to find a good XT at the right price, was watching the listings for months and months.
I hope the turbo forester returns one day, the stock engine is far too slow. Tho Id settle for a beefed up hybrid.
Brandon, yes I've noticed your lot in the background is getting newer. Your channel efforts and partnerships are on 🔥fire. Dig watching from Southern California.
Good start, keep going.
10% is no where near enough, they were increased in price at the beginning of the year by 20% to keep dealers from over pricing vehicles already, so they were already over priced to start with, start with 40% then if that doesn't work drop it more and drop the interest rates too, my new car or truck payment shouldn't cost me more than my mortgage payment
50 grand for a truck that’s crazy
Insane
Yeah, its still too high
15 is too high
That's a STEAL in this market for any decently spec'd half ton sadly. 😂
Need to start a pool on which one of the big 3 files for Chapter 11 first.
50?!?
85 to 105k common
Thanks man! Great videos!
Got my Tahoe for 8,400. It was 12k a couple of months ago. 2009 with 170k miles. I had to take a chance. So far, it's running like a champ.
$15K off an MSRP of $100K isn't enough! They've been cranking up the sticker prices for years; and all they do us increase their profits. It's not as if they've spent billions on R&D. Most of the technology, equipment and parts they're using have already been developed by another company... and likely as not, from non-automotive manufacturers.
Don't forget the extra $500-$1000 in dealership fees on top of the sales price.
Walk away. If everyone does they won't be able to get away with this bs.
Hold the line ! Thanks Brandon for your information!
Thanks for the info and hopefully things will be more realistic.
home depot has trucks for $19.95
They use to have them for 19.99 for 4 hours.. now it's like 90 minutes on something
10 percent off isn;t nowhere near enough, not after 10 -50 percent markups.
As someone who is car shopping this channel has been a Godsend to me. Thank you so much for this information.
Prices will have to come down a whole lot more than that, for people to buy them.
I'll wait another 6-9months. I expect ever lowering prices as the economy crashes down.
Why would economy crash, sure it'll dip, but crash? Lol no
If you mean the dollar devaluation leading to massive losses, yes the ripple effect is inevitable. I doubt a severe crash will happen suddenly, but the dollar losing maybe 25% at the first fall then another fall later. A slow demolition.
Whered you get that figure of 25%
Well, your money will be worth less if the economy crashes. You still won't be able to buy.
Not if the government keeps printing money like the present administration
"if you come to a dealership like this and you walk inside and talk to a salesperson they're going to say you know what you in luck today is the perfect time for you to buy a truck because we're running a deal where we're taking 10% off these trucks" - That's what every car salesperson at every car dealer says every time anyone goes in to talk to them.
ya most people don't understand these people are leaches. They only make their money on commision. So they will say whatever they have to say to make you drive off the lot in the most expensive car a bank will let them drive off in. They don't give 2 shits about you. they only care about their paycheck.
Thank you , Brandon....Great Videos !.....Merry Christmas.....Godspeed..
2010 I flew from Fl. to Pa. to buy a 5.0 mustang. Saved enough $ to pay the tickets for me and my daughter, and make a free vacation out of it, and a fun drive back 😀
Discounts mean very little if interest rate is high and insurance companies have raised rates so much is equivalent to a car payment in itself
Sales tax is a killer too. NYS tax adds on $2200 to purchase price for a $25k car. Subaru is offering 4.9% for 36 months… which drives the monthly price up.
I brought a 09 camry 7 yrs ago for 9k..Today 10k😅..wtf😅
Love your channel. One question I don't get. Pre covid for years the lots were always full of vehicles. Isn't it just that things are finally getting back to normal? Or are they not selling them at all?
Thank you Brandon. I know a lot of these videos of car prices are talking gloom and doom. But we can depend on you to tell us the truth. Love your videos.
I think there will always be what Barnum said, "There's a sucker born every minute". I have talked to salesman that have walked over to the service waiting area and talked to someone about buying a new car. Many times they sell it at MSRP, and this is before the pandemic. Their website would show $2,000 off the new car. The customer never knew that, and paid MSRP!
I don’t know anyone that paid msrp before the plandemic… even a novice person would get the vehicle for “ invoice” pricing or pay 500 over invoice… a good negotiator would get the “ employee” discount without the discount number… if you ever paid msrp you were a uneducated fool.
Sounds like Japanese cars are still selling okay. Funny how if you make something under $35,000 people will buy them. Can't believe GM, Ford etc no longer make affordable cars. Even at the time when they made the decision I thought "what if there is a recession, or if fuel prices go up, who is going to want to by a big Pick up truck"
If you think American cars are bad in terms of price,the Germans are even worse.
@@SeraphoftheRoundTable They are but it is a bit different in Europe as other countries in the EU more specialise in cheaper cars so Europeans still have access to the cheap cars. Germany just controls majority of the luxury market. The US though, there are not a lot of cheap cars for sale anymore, at least outside of the Japanese and South Korean car makers. The big American car makers only make expensive pick up trucks these days.
@roberthoward9500 I was specifically referring to German cars in the U.S. market. Not just the Germans, Volvo, Range Rover, and Jaguar are just as bad. With those prices, they can get lost.
Affordable cars in Europe? What? I have friends in Europe, and the last I was told is that car prices are just as outrageous if not more like here in the U.S.
Funny how Ford made itself because it was affordable for the common day man. Considering that it's not even close to that now!
@@SeraphoftheRoundTable In Europe though there is still a pretty good selection of new cars under $25,000 USD, even cars made in Europe. American manufacturers don't make cars under $25,000 anymore.
Hey Brandon, because of your honesty you are my go to guy and yes I am happily subscribed, cheers mate.
OK but 10% off of 200% inflation is still 190% price inflation
It’s the Jedi mind trick
@@dannysavagedraftguru well these are definitely NOT the prices I am looking for
Those aren’t discounts, what they will do is screw the customer by adding an inflated “paperwork” fee and then add ridiculous add ons. The other thing that I hate about dealerships is they control the financing and leasing and will get you on the highest interest rate. Do not buy !
I never fell for the COVID car buy up and still not buying a new car for these prices. 100k for a lifted truck smh 🤦🏼♂️
I don't see it in my area if the country.
Dealerships are smoking dope with their not dropping prices.
I'll wait another 6 to 12 months before even looking at a dealer lot.
End of video outtakes are great. Very fun to see a little of what the process is like.
Glad you enjoyed it!
I live in Salisbury, North Carolina Brandon. Thanks for the latest updates 😎😎👍👍
Brandon, we just love you. Your honesty and useful information gave us confidence when we bought two cars for our family. Truly, thank you.
👑🇺🇸
How much is your monthly payment?
Little discounts of $15k on an over priced truck is still too high. Those dealerships will just hide garbage fees back into the price n then you’re back up to paying a fortune.
I’m loving this content. Thanku Brandon
Awesome content today!
Pre loaded with the full repo package🤣😂
Next problem is gonna have to be financial institutions lowering APR rates 🤷🏽♂️
They can't unless the feds lower their cost to borrow.
They'll just print more money - which will only cause the Feds to keep rates high. Imagine what its gonna be like in another year to two
Usery should be illegal
Thanks for the insite
I went to my Ford dealership today for a oil change and when I tell you that lot was STUFFED with cars, I couldn't believe it. I was like how do you even get these cars out of the way for a test drive it was that full.😮
Prices go up like an elevator and down like an escalator
Drove by the local Stellantis dealership today. They have 20% off MSRP spray painted on a sheet and draped over their road sign.
Thanks man!
Great job 🎉
Prices might be down but the interest rates are thru the roof.............
Thank you so much for your videos!!! I was about to pull the trigger on purchasing a vehicle (Dodge). I decided to hold off on it the salesman tried to tell me the prices are going to up I laughed and said yeah okay buddy fast forward yesterday he calls me and shows me similar cars I was going to buy back in October way lower now. I jokingly told him I thought you said the prices were going up? Yea nah I’m still holding off I’m good with the paid off Jeep Wrangler I proudly own!!
A car that is paid off is the best car on the road, as long as it has been properly maintained. Good, regular maintenance is the key to having a vehicle for as much as 350,000 miles.
Same. I'd like a newer car, but I really enjoy not having a car payment. Plus prices are too high.
Same. I'd like a newer car, but I really enjoy not having a car payment. Plus prices are too high.
Another great video!
CEO of GM said prices are going up 50%. Gotta pay the union till AI has all the jobs and they’re in the unemployment line. Eventually it will be the super rich and the poor. Middle class is almost done.
I tried to give up a motorcycle and the bank don’t want it , yet they won’t refinance either cause of the risk! Ugh
Yup, just told a dealer today that we'd rather wait 6-12 months when dealerships start deep discounting...because they will.
Thank you for the outtakes, it reminds us you are just a human out there in the real world. Not just the matrix.
The high interest rates are also a major problem I remember seeing adds for exstreamly low Interest loans
Thank you for the info. We decided to wait to buy due to the higher interest and insurance premium rates.
Prices are coming down a little in Florida, but the dealers are still charging large BS fees, so really no difference, in the Tampa Bay area specifically!!!
There you go Brandon, your observations are now coming to pass, it might have taken a while before the price reductions came, however it looks like it's here! Well Done!
The economy is a ship wreck, millions of people lost their jobs inflation is through the roof, people can barely afford food, car theft is rampant and the last thing people are looking to do is buy a new car. Even if they lowered the price to 35 grand the banks won't give people a loan because they are bankrupt also. No body can afford any kind of new car payment because of insurance rates are to high. If you are having a problem selling cheap used vehicles I would say people are tapped out.
15,000k off that Ram Cummins.
My guess it's gonna be sitting on the lot for awhile.