What Your Car Payment Shouldn’t Be
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- Опубликовано: 5 сен 2022
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Chapters
00:00 Introduction
01:03 TikTok Car Payments
03:21 Breaking Down Each Car Deal
09:35 How To Lower Your Monthly Car Payment
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*I am not a financial advisor. The ideas presented in this video are for entertainment purposes only. You (and only you) are responsible for the financial decisions that you make. 
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People will look at man who is driving a 20 year old car with no payment as poor (not knowing they have $100K in the bank). But see someone driving a new car with $1K/mo payment and think he is doing good (not knowing he has no money in the bank).
For most people, perception is more important than reality.
Bs tell me one person you know that has 100k in the bank. Your absolutely dreaming
@@JoshsDigitalinteractionsbro I have 80k in the bank. It’s def doable. My car is paid off tho
100k in the bank, 500k in a 401k, 400k in an IRA, 120k in investments, $0 car payment on a paid off 2017 Subaru Impreza and 2010 Honda element. My clothes are from Costco, our house is only 1500sqft. We're happy and healthy. If people think we're poor that's fine with me. Life is good.
@JoshsDigitalinteractions LOL
Tell us you've made poor life choices
Without telling us you've made poor life choices
I know several people that have that they don't have a new car and they don't have the newest iPhone.
My car payment is $0 per month. It’s 21 years old with 211,000 miles and still going strong.
Nice, my payment is zilch, 2020 F350 King Ranch paid for. Folks, ya gotta manage your money better.
Your car is old enough to buy beer. Cool😏
0 2004 ford f150 crew cab paid 7500 last year with 54 k miles
@@brianfarrellf3294make sure and keep that oil change on a tight regimen. If you do; those three valve tritons will last ya. If not; they’re terrible as far as sludging and cam phaser/timing issues. There’s a channel on here that does a lot of videos on the three valve trition as far as maintenance and repair etc. Fordtechmakuloco is the channel name.
@@ITYWITFLI’m sure it’s cap. Good at managing money is buying base model instead of king ranch.
The craziest thing about this.....they all work at a dealership, and most likely, it's at this same dealership that they're getting screwed with these car payments!
pretty sure they knew what the payment was going to be before they signed the papers.....they werent screwed they made a bad financial decision.....the only one that might retain a large portion of its value is the denali if he got a diesel
I came to the comments for this comment!
How are they getting screwed they are all in brand new cars most likely getting the best interest rate the just like nice shit
Nope, the crazy thing is they are more than likely making between $10k and $18k/month, if not more.
And I thought my $400 payment was expensive. Jeez people, those car payments are essentially a house payment
Right! My honda Civic is 366.
My $211 ain't so bad now
Wtf that’s nothing literally make than in 1 or 2 days then you have the rest of the month for gas and expenses
But what car are you driving?
@@christiansantamaria7233 yeah, that’s the point. I’m paying like 150/mo for an ‘09 rav4 I got last October and has about 152k miles on it. Makes it really easy to afford my mortgage, utilities, groceries, and entertainment.
@@DropIt56 you could’ve bought that in cash
@@BIGTIME-uq3gh sure, but buying it straight up for 5K would’ve left me with 5k less to use for whatever I decide and wouldn’t be building my credit history. Could’ve done the same with my 1k couch, but they were offering 0% financing for 5 years so I’ll take advantage of that and only pay 22/month for my couch 🤷♂️ if I ever get tired of having the payments I can just pay em off when I feel like it.
I refuse to pay four figures a month for anything unless it’s a house
What if it’s food for your family?
@@martinlutherkingjr.5582I think they meant with regard to debt.
@@martinlutherkingjr.55821000 a month on food??????????!
@@martinlutherkingjr.5582 food doesn't cost that much
@@soupdrinker It does in 1st world countries if you have a family. Even food stamps pay more than that for a family of 4. Rofl 🤡
when your young, you think the car makes the man, when you get old, you realize the car means shit.
My dad told me: „if you can’t pay a car in cash, it’s not for you.“ I always followed that advice and now I drive a 10y old Minivan and I’m the only one in my friends group with several properties, cause this is the only thing I would go into debts for. Can stop working tomorrow if I want to. Have fun with your shiny blinky cars 😎
This can’t be real! I pay 400 dollars and I cry every month😢
Im paying 700 no fake frfr 💀
These guys only have time to cry driving between their 3 jobs
I Pay $300 for car and insurance
what do you drive?
You can’t afford 4800 a year on a car payment? You are BROKE 💀💀
Bro spends $1500 per month on a truck but sits behind a desk
He has to. He obviously gives 2 fucks about his image and as Dave Ramsey would say, worry about the next guy at the stop light he'll never see again. If he didn't give 2 fucks, he'd be saving 1400 a month.
Never understood why people buy trucks if you dont use them for the whole truck purpose.
He is making money the way he can and its obviously very good money. If he wants to buy a truck he can buy a truck. He doesnt have to switch to a trade to get permission to drive a truck.
@@user-nu3lm5ru8jby that logic, a single person shouldn’t drive anything with more than one seat. and what’s wrong with just driving something that personally appeals to you?
@@HAPPYFUNTIMEx2 I think the issue is that they're paying far more than the actual value of the truck.
I paid $800 for my whole truck 10 years ago and it's still kicking. I work at a dealership and these new cars aren't worth the price.
And I guarantee you that you still broke asf 😎…. I also work at a family owned dealership and I have car payments 1200 for a Porsche 800 for a power stroke and I will never be loose money on the in fact I will make … poor people mind set is to pay cash for everything and minimize. We finance everything and float our money to make money . ☝️ learn something from here kid….
I'm with you. I haul them from the assembly plants. They absolutely ARE NOT worth the money
I understand not wanting to drive a beater, my 2006 Silverado work truck just broke down, and I get not wanting that hassle, but give it 6 or 7 years, you can get a gently used one for such a good deal.
I know a 23 year old who makes 400k per month driving an old Camry. His name is Matt Shields. (Look him up!) The rich think differently than the poor. The rich don't work for earned income, they work for passive income. The rich talk, eat, think, and do things differently. The poor complain and carry negative energy.
Rich people whatever they want. If your buddy liked cars he would buy 10 of them and there is nothing wrong with that...
Bought my 1999 Toyota Tacoma brand new in 1999. Still got it. Still drives me to work everyday. Almost at 300 k miles.
That’ll probably go 500k miles with normal service. Great vehicles.
We bought a 2001 Rav in 2003. When we bought it it had 17,000 miles on it. It now has almost 400,000 miles. Only basic maintenance. It's still driven daily.
@@xxdarkqueenxx6664 holy crap. That's amazing!!
Keep up on that maintenance and it'll never die 😂 make it a million miles
How many coilpacks you had die? Probably about time to go tighten up those valve cover gaskets again. Check back in 50k
I felt bad about my $600/mo truck payment… but after this… I feel like Dave Ramsay 😂😂😂
Same, except my wife's is also $600 😂💩
Im sending in 3k a month for mine even tho it’s only 1400$, keep your head up bro 💀
😂😂
You should still feel bad.
You should still feel bad. lol
😡😡😡 A car is a depreciation asset NOT A INVESTMENT. If you're financing your car beyond 5 years or more you can't afford the car PERIOD.👎👎👎
$1300,$1500 payments just to look good to their friends and neighbors, but then they have to live in a dingy apt or worst with their in laws for looking good.
These people think they’re flexing😢 Consumer debt is slavery, change my mind.
Who cares
One can’t consent to slavery. They _chose_ to sign the contract. Big difference.
@@-dashand now they will be slaves to it.
@@-dash ok you fancy word man
@@Shooter2314 lol
Back in 2005 if someone was paying $1500 a month for a car, it was cool af because we knew they were driving a Lamborghini or Ferrari. No seriously.....its actually true😅
Yup back in 06-07 got a put down like 7-8k on a 99 cobra and navy fed financed the rest. Payments were like $192 a month or something. And I thought my percentage was high back then! This shit today is stupid!!!
@@mach1mustangguy992 exactly! Dude i had two Vettes, both were like $380 and that was with average credit and a shit finance company 😆 😆
Since the pandemic, we've basically been living in the upside-down. X3
@@mach1mustangguy992 These guys are driving $80k and above cars. The Denali is more than likely over $100k.
No car payment and soon to be no mortgage payment too. Debt free is the best feeling in the world.
These are the same people demanding that their student loans be forgiven. I drive a 17 year old car right now and plan on upgrading to a 2015. No car payment, no house payment, we owe nothing to no one. People always ask my wife how we go on three, three week vacation a year and drive that old car.😂
Mine is $0/per month for the past 10 years. Same car. Works great. No complaints.
All that money saved goes into mutual funds.
Im 18 should i buy a car in cash or finance. I want to make smart decisions in my life but dont know what one fits me the most. I have 15k cash. What would u do?
@@ChefDave5 buy that car in cash. Stay away from debt. Buy something reasonable and reliable.
Oh yes, had a car for 10 years, had the title , was great and debt free until I had to get into debt
buy an old honda accord @@ChefDave5
That could collapse tomorrow
As a finance director for FORD, if your car payment is more than 10% of your income, take home. You're setting yourself up to fail
As a finance director. You know all these employees payments are below 10% of their monthly income then 😂
@DuffCo idk would have to see. I can't tell u how the average person is nowhere near that when banks approve as long no more than 30 to 35%....banks sometimes set people up to fail anyway to just make a deal
Wow so their take home at the dealership is 14 to 15 grand per month?
@@chulo6561 most finance managers at dealerships make over $200,000 a year. Of course it depends on the dealerships size and their pay plan… but majority do.
@@user-nl9pn3mv6z yeah, it is pretty scary. Ive also see. Banks approve over 160% LTV which to me makes no sense. That is definitely setting them up to fail.. lol
My house payment is less than any of those for a 4,000 sq ft eight-bedroom house bought back in 1999. These people are nuts
And I thought people getting up to $500 was insane... wow
Your car payment should be zero. If you cant buy it in cash you cant afford it.
These are honest salesmen...because when they screw you over, they honestly had no clue what they were doing 😂
I know that’s right 😂✌🏻
They get caught up in this idea that they need a fancy new car with a huge payment to project success.
This just goes to show how overpayed they are...
@@channell11All cars rust the same and get you from point A to point B.
There's a lot of honesty to that. I worked at a car dealership temporarily and I'm very stingy and know what cars go for in the private market. I was terrible at trying to sell people cars. It's hard to be excited or motivated to sell a car that's 50% more than what.
Now, the salesman that were there and always bought new cars, they had no idea so they probably were being honest in their own head
Mine is $300.00 per month and for 4-years I've been paying it, and I owe $538.00 and it's paid off. Thank God!
You also have to remember that some of these people paying $1400 a month or $1300 a month or also paying it for over 72 months.
Big facts for vehicles that lose value daily 😂
Good job. Keep going. Sending love and light
Make the smart decision and drive it until the wheels fall off you can take that 400 / month and pay into savings or investments. Everyone pays off their car and rushes to trade it in or just buy another new car... Don't do it
I recommend you call your finance company and ask them about penalties. I asked about being in your situation to Toyota Financial. They said $365 was my minimum monthly payment. If I only owed $300 on my last payment and I paid it I would get a penalty fee for not making a “minimum payment” ($365). Thus, I would recommend just paying the car outright when it comes time to pay the next bill. Or call them if you can.
These people are fools. I own 2 vehicles and paid cash. Both were used and 3 years old with 6k and 12k miles and saved 50k by buying used. If you can't pay cash you bought a vehicle you can't afford period. My house payment is less than all thier vehicle payments and is valued at 1 million and goes up in value not down
This is why young people aren't buying houses.
I spent 21 years in the car business and have done everything but be an owner. The biggest thing I learned during that time is that maybe other than a vacation time share, there's no worse investment than an automobile.
Untill you need one for your business. Under 55k .had to shop hard , found a descent price with all I need and no extra buttons
Leasing is fleecing, worse than ownership. Did you ride a bike?
Not an investment
@@trex2092 Leasing works for a majority of people. You only pay for the amount of vehicle/time you drive it. A Majority of people, even in today's market, only keep their cars for 3-4 years, and some only want the 2 year deal. Why would you finance/pay cash for a car and then trade it in in a few years and still have the negative equity to roll over onto the next loan?
@@trex2092 She means she has not been a dealer principal. Not referring to car ownership.
I have a 9 year old lifted Colorado z71. Last year I was looking at a new truck but found 80 wooded acres instead. Put down a large down payment and my monthly payment is $400. The land is way more fun than a stupid car.
Awesome,you made a wise decision my man!
Stop bragging!!
The only thing that proves is that you have a brain............... unlike the people in the video.
That land purchase will pay you dividends for a long time to come! You can build a future there and feed your family and it will be something you can pass down. Excellent move!
Dude smart move !
That's actually amazing ! Although land doesn't pay you monthly income, it's the oldest asset of wealth acceleration
Just lost my engineering job. Went to my grocery store and got a job as an overnight shelf stocker while I interview for engineering jobs. Went from $38/hour to $17/hour. Still more than $0/hour. Can't be too humiliated to take whatever job you can get. Also, I straight up told them my situation and that I'm gonna quit as soon as I get another engineering job. They had no issue with that. This guy saying Whataburger wouldn't hire him cause he might leave is complete bs
They just make A TON of money to be able to afford that payment and the sad thing is they aren't throwing in insurance payments 😢
I feel better knowing that I’m smarter than all these people buying pieces of plastic
yeah, these people are morons.
This is so stupid the amount of money people will pay just to look cool driving to work and back. That's ridiculous
Amd really it's in their head. None of those vehicles would stand out to anyone in traffic. No one gives af what you drive if it ain't a Lamborghini or something supercar tier.
If you can afford it, who cares. One of my payments is 1000. The other one is 1200 but I also write all of it off on taxes through my business. I could understand if somebody was struggling while having a cool car that’s stupid, but if you’re well off and want to enjoy the fruits of your labor by all means. I’m 31. I’ll be retired by 50 and wanted the cars of my dreams while I’m still able to drive them.
@@Phuckpigs I mean the guy with the wide body hellcat is a modern day super muscle car. That's one that in 40 or 50 years will be the equivalent of these 60s and 70s muscle cars going for over 100 or 200k in pristine condition.
Maybe, just maybe they like their vehicles. They obviously don't care what you think about their finances so what makes you think they care what you think about their car? My wife didn't want a new Audi because she cares what other people think about it, she wanted it because she likes the way it looks and likes the way it drives.
@@PhuckpigsI think it's in your head that they care what other people think about their cars. No one cares what you think.
I'm starting to understand why car drivers feel so special, important and self entitled.
I have nine bicycles, and there's a total of fourteen bicycles at my place, and two motorcycles and one car, and no payments for anything.
No wonder car drivers are so on edge; they're probably one paycheck away from collapse.
These are the same people complaining about how everything is too expensive
I refuse to mortgage myself into bankruptcy...
a car payment is not a mortgage even though some of these are higher then mortgages
If you cant afford it dont buy it
@@StevenHaun-Mahomes I can go buy new car and I won't have payments,,,,but I'm not trying to keep up with the jones's
@@StevenHaun-Mahomessometimes life gets hard even if you can afford it
Paying a mortgage is basically rent don’t forget that. Houses might not be affordable right now but it’s more affordable than u think
People are WAAAAY too comfortable with old mansion mortgage payments for their vehicles these days.
I mean… it’s all relative to your income. I work in the car industry and it looks like the people in the video are finance managers (F&I). They could spend $2,000/mo on car notes and it would still likely be less than 10% of their monthly income (pre-tax ofc, but still).
@@DuffCoaint no way a behind the desk in a dealer ship brings home over 12kusd a month dawg😂
I am 56 years old and I have never had a car payment over $269 in my entire life. Have a ‘21 Honda Accord Touring 2.0T that I paid for the day I bought it. No debt! I can’t even imagine having the payments these folks have.
My leases ends June 30th on my 740i BMW 2021. My payment was $800 with full warranty. The same car 2024 is now $1400 to lease. I will be turning in my car once the lease expires. I bought an Infiniti Q50 for 19K with 50K miles today. Freedom!
Imagine the nervous energy when those commissions aren’t coming in like they planned.
And they won't, eventually there will be a slowdown and they will realize they're in a bad position.
How else can you convince a perfectly random strangers to go into hordes of debt unless you were being greeted by a complete idiot drowning in debt who is going to try to convince you why it's so important to buy a vehicle you don't need and can't afford.
thats when i buy a used vehicle :-)
I pay $38 a month for insurance on my 02 Corolla. 30$ a month for gas. It even has anti theft because no one wants to steal it even with the keys in it. To top it off I recently went to a free Conrad Hilton hotel and had a valle park it and said “take good care of my baby” and handed $5. No car payment and no shame I love it 😂
I would be careful because actually older corollas and Hondas get stolen quite frequently.
This is the way
My 2004 Toyota is payed off with only 138k miles. So nice lol
What motor is in it LOL
Damn son u got that dollar general insurance hook me up
My vehicle payment is $0.00. I drive a 2002 Dodge Grand Caravan. My ego and wallet are both doing just fine.
1998 Toyota Camry v6, 354,000 miles, NO CAR PAYMENTS; insurance $850 yearly.
Yeah, you should get at least another 650k miles out of a Camry.😂
"Any other payments?"
"Nope I live in my car"
they live with mommy
They must be living with mommy and daddy. Up here in New York a single person living in either a studio or one bedroom was going to be paying at least 1400 a month. That gets worse the closer you get to New York City.
Tell me you’re broke without telling me you’re broke.
"Excuse me sir but what is your rent to own payment on the banks vehicle?"
I had a $1500 payment on a short 36 term loan and I wasn’t broke lol. It was barely 1/10 of my monthly income. Dont judge you never know there circumstances.
@@jhugo1986even if they are making 200k a year. It’s still not financially sustainable to be spending 2600/mo on a depreciating asset
@@jhugo1986 shouldn't brag about being wealthier than others. Its distasteful and it invites retribution from the poor
@@James_AlexanderA and you there shouldn’t belittle others for having $1000 car payments when they don’t know the scenario or their finances.
This woman looks surprised at all the outrageous car notes…yet she would expect her date to pick her up in an overpriced vehicle
2013 Toyota Sienna mini van that I paid cash for used in 2016. My home is paid for no mortgage with running costs of about $30k a year (insurance, property taxes water electric) and I’m 53 and semi-retired. I only work when I want to but most importantly debt free and happily married.
For the last 10 years, my car payment has been zero.
I'm 60 years old and I've never had a car payment more than two hundred and fifty dollars a month. No car payment,no house payment, no credit card payments for the past six years.
I bet it has been wonderful carrying no debt. Congrats
Teach us your ways, wise one.
No. Seriously. Teach a class. Even if you have to volunteer at a high school to do it.
I have a 2022 Tesla Model Y that I paid cash for. The second vehicle is a paid for 2013 GMC Yukon Denali. I think its payment was $435 until I paid it off early. I also have a 2010 Ford F150 that I paid cash for.
I don't have any car payments, I was smart enough to save for what I wanted and paid cash for it. Still have that exact same car 30 years later.
If everyone stopped buying these cars it would force the car companies to lower their price.
Blame the banks for allowing such high financing..
@@M23js Blame the government for the insane epa standards over the last twenty years, oh and inflation.
You do you, boo, but that is fuggin’ STOOOOOOOPID!
If you can safely afford that payment then think of how far that’d get you in paying mortgages on cheap rentals. Or paying off your mortgage three times faster! Orrrr, what parts of the world could you see with that money? 🤦🏼♂️🤦🏼♂️🤦🏼♂️
@UniquelyUbiquitous-yg3xl no it's common sense you slow the demand down causing the manufacturers a lot of inventory then they will lower the price to a reasonable level.
And if everybody stopped eating, we could get rid of all our shit.
My mind immediately goes to "I could be investing that money instead of driving it".
This is the office of people who go to work to be able to afford to drive to work
I about had a canary when I bought my lease out on my truck. (Got it when I was a Salesman with FordS employee program. Less than dealer cost) My payment went from $300 to $510 due to the interest rate jumping for 2.7% to 6.8%. I almost just turned it in, however I only owed $18k on a truck worth $32k.
My only payment has been my mortgage for around 15yrs. The last car I had on finance was a 5yr old BMW M3. I lost a bunch of money on it when I sold it and never got into debt again for a car. I buy what I drive for cash, I have a 10yr old VW transporter now and it does more than the job.
They’re all paying several hundred dollars more a month for their cars than I pay for a one bedroom apartment 😮
I’m right there with you, just paid my $1,150 rent & felt good about it since my car is already paid for. Was bought cash (used). 😂
@@isaac198428 I pay $1,005 for my apartment lol
I pay that for a 4bd/2ba house with 5 acres of land 😂
@@CbgrandtheftautoWhere?
Here a 2br that isn't getting shot up is 2300/month.
@@Mike-lt6sj West TN. I live in a very rural area. You get into a major city and yeah, $2300 still gets you shot up and your car stolen
Those over $1,000 payments are cars worth $80,000+. They smoking something to spend that much on a car.
They seem to say the car payment as if that's normal. Nooooo! No no no! Nooooo!
@@Starry_Night_Sky7455 yes yes yes that is normal! Financing over 3 years is BROKE BROKE BROKE
It actually seems as if they are trying to start a trend of being proud of their car payment as if it is a flex or maybe a competition...
The charger guy is getting gapped by hondas specially kswapped ones
@@XbxFinancing at all is for broke people!
I drove a 2008 Chevy Impala until this year. I bought a 2024 Tundra Hybrid(Capstone).
BUT, I lived at home until I was 26, invested in Rental Properties, then bought 1000 shares of NVDA in 2020(among others)...sold out last year, bought a couple thousand shares of NVDA...and now that I'm 40, I saved up and paid cash.
No mortgage, no car payments. I splurged, but that was because the Tacoma new with the tax credits were cheaper than the 2 year old Hybrid.
But...NEVER would I EVER spend 600-700 on a car...much less TWICE that.
Also, 5 year resale of a Tacoma=87%
Tundra=81%
But I've had HUGE buyers remorse since then. NOT ANYMORE!
I have two cars, both paid off. When i had payments, i bought cars that i would have no more than $350/mo in payments. House payment is less than 1,000 and will be paid off in 2 years.
Dave Ramsey would be having a heart attack with this video
I'd love to watch his reaction lolololol
Let's not get Idiot ramsey involved
"You're freakin' nuts!"
Came for this comment 🤣✌️
I believe his show has reacted to this video already.
These people saying these numbers so when u walking to dealer and they tell u 1200$ monthly payment for a pieces of metal u won’t feel bad or offended or poor 😂😂
Get your money 💰 up 😊
TF are you saying? What're you writing like you're in the second grade?
@@richardedward8046 no I am in grade 1 😂 you drunk sir, madame,they, them whatever the f u are.
I drove junkers for many years but the amount i was putting into my ford f150 was outrageous and i was tired of bringing every tool i could possibly need at all times in case it died ( happened almost every week). I was tired of being so uncertain of the safety of my passengers in the event of an emergency, so i got a new truck. The payments are $400 a month and ill tell you, its worth the piece of mind that it will work when i turn the key. Sometimes you just need to cut your losses and protect yourself and your loved ones for a reasonable monthly payment.
I bought a used 2011 Jeep Patriot for cash and i love it, have fun paying ridiculous prices on these brand new vehicles guys! Throwing away money good job
These are the same people who will say “I will never be able to afford a mortgage”. Yeah no shit, you’re paying a mortgage in car payments…
That’s not near what a mortgage is lol unless you did like 30%+ down payment… monthly for me is just under $3000
Yeah but also getting a mortgage is harder plus maintenance and taxes on a house is a lot more than car. On top of that even with a 30 percent down. With some companies its 5 to 10 percent but thats still a lot not including closing costs etc.
My truck has been paid off for year's. It's old, but it gets me from here to yonder and I'm not butt sick when the cattle decide to lean against it.
Heard that
Must be a ford
Butt sick😂
I went in and paid cash for a 97 F350 in 2000 that was $31,000 and I just bought a 99 F250 with a 7.3 L six speed manual that was $5000. It had 385,000 miles on it now it’s got 412,000 miles on it.
When the cows lean on it?! 👍 I totally agree.
I bought my truck to work. Not take it to work. Just work. Even living in the city. Pulling our camper or utility trailer.
I’m 30. I own a 98 ford escort. I bought it for $1300 two years ago. Just dropped my insurance to $88 monthly. Have $4000 invested in stocks, that I’ve been saving into since the beginning of the year. I’m looking to have $10,000 invested by the end of the year.
Paid all debt off. I pay cash for everything.I don’t owe anyone anything.
That’s crazy to have such a high car payment.
I just bought a 2014 c63 amg with only 27k miles in immaculate condition. It’s basically a brand new car imo. 6.2 naturally aspirated v8 for just under $40k. Paid in full, no payments. I don’t feel bad for these people.
I make 67k after taxes and I drive a 2012 Honda Accord PAID OFF 🙏I can’t believe these people, utterly ridiculous 😂
Wise, you are. Seriously.
move out the fast lane slow poke, hellcats coming through
yeah move over they tryna get home to their 2 bedroom apartment 😂
@@misero6130quite literally be pulling up to the red light bezide them like all that zooming did something 😂😂😂
Idk if someone gets a BMW M8 competition for a 1400 a month car payment and value car more than making babies. Let them live life is what I say.
My $0 a month car payment is feeling pretty good right about now😂
I have a 2005 jeep grand Cherokee with 95,000 miles on it zero car payments i’m very happy.
I’m so lucky I don’t have this mentality! I do drive a 17 Z06/Z07 but mine is paid off and has been paid off since I got it in 19. My daily driver is a 2013 f150 3.7 v6 long bed with 300k miles and cold ac and does exactly what my 2021 f350 platinum diesel that I bought before the craziness hit and sold for what I bought it for last year. Absolutely love having no car payments and little debt
When you realize you dont need a 700 hp to haul your butt back and forth to work
When you realize you have only one life so people can do whatever they want
Exaclty @@Sld-qy7fz
@@Sld-qy7fzyeah it’s fun to fuck your life isnt it
@@Sld-qy7fz don't complain about the debt you're in when you choose to do whatever you want
@@panama2468 don’t see any complaints here!
“You don’t need” the looser sentence, I am sure I can find hundreds things “you don’t need “ in your life.
$0 a month on a 2022 Lexus ES300h. Saved up for three years. Debt is dumb, cash is king.
Well done 👍
Were you saving up about 1k a month for 3 years?
Im 18 should i buy a car in cash or finance. I want to make smart decisions in my life but dont know what one fits me the most. I have 15k cash. What would u do? Im making 5k a month.
@@ChefDave5u making 5k a month. 15k in cash. Rn we have 0 credit. In ur shoes i would buy a car for 10k. To save a bit of money. But u needa find a way to start raising ur credit. I did a car payment nd only pay 193 a month. Nd its paid up for months i say u jus buy one in full but find another way to build credit maybe credit card
@@ChefDave5get a car for 8k leave the rest for a rainy day. Do not throw all your cash out or get in debt on a used car. Both very bad decisions. I’m 25 make 100k and drive a car for 8k that still looks like 70k when it was brand new lol. I let other people take the loss and I know how to fix stuff my self. Just educate yourself on make/model and your choice of engine/powertrain is a big one.
I pay $322 a month for a 2022 Corolla. Bought in before the Fed started hiking interest rates. Those payments are nuts
There’s a old saying. Money talks, wealth whispers. Next time you see the guy in the cheapest model of a 7 year old car. Remember that. He’s either a quiet millionaire (or on his way to one) or just poor lol
Funny thing with any car is once the novelty and excitement wears off it’s just another car or truck!!! Then your stuck with that huge payment
True facts😢
They need to be hearing this advice from their parents and taking it to heart.
Bingo, I tell my girls the exact same. People buy cars they don't need to impress people they don't even really like
and in a year when people are done looking its just transportation the same as any other.
Not me, I bought my truck brand new almost 20 years ago. I'll do some changes to it every few years to make it feel like a new truck again. I'm about to add clearance lights and black out the interior. Then swap to a 6 speed and build a 14 bolt front axle.
@@user-kl8jz7tv9s Thats a good plan, I like it.
Last dude was so proud to tell us he will be broke forever
These people got got! Dealership: bonuses for everyone 🎉🎊🥳🍾🍻🎈
I’ve owned 10 vehicles at 28 and have never had a car payment! Of course I only buy used Honda’s or Toyotas but they’re always so good to me!
Any vehicle over $60k will have a big monthly payment, no matter how good the credit is and how low the interest is. Unless you put 40% down of its value.
True
BMW X5 1760 a month
30% or 25% down you'll be straight Alfa Romeo Giulia 2021 Quadrifolio has entered the chat
I put 20% down for my mustang gt premium 2022 I pay 800$ 😭
Yes that's how math works.
When exactly did humanity start regressing? It's funny how the illusion of wealth is all most people care about. I laugh when people criticize the car I OWN while I live debt free and they can't even tread water. It's called deferred gratification. I couldn't fathom a car payment at any point in my life...no thank you to enslavement. I was raised to not use credit cards, never finance a vehicle, and pay off your mortgage from an early age. I'm so thankful for the positive role models in my life.
Congratulations on not falling for the great FICO scam
Not everyone with debt is a sucker. Debt can be used strategically. My wife generates income, and I create assets. We borrow to build the assets that increase her income. We will be multimillionaires within the decade.
@FullCircleTravis I was referring to bad debt and people living beyond their means to be specific. I've had debt for assets, not liabilities.
It's a lot of factors but one big one is because of Idiocracy
Mine is $0.00. 99' Chevy Suburban and 2012 Hyundai Accent. They do the same thing as these cars.
Wow, the last time I financed a car it was a 89 Nissan Sentra. $201.94 a month. I just don't understand. I just bought a new daily driver for $2400 and put one week of work and about $1600 in parts, and now I'll drive it for the at least 6 years and 100k miles then sell it for around $2600. People sure know how to absolutely flush money down the toilet.
Ah look it's people who think the type of car they have is a status symbol
It is. Aww look someone commenting on YT hating people who are more successful than they’ll ever be and thinking that’s actually a good mindset to have. 🤡
@@christophersoucy7720it depends on the person and in some cases you may be right, but the vast majority of people I know that have expensive stuff don't make alot of money and give nearly everything they earn to the bank, paying interest and making the banks rich while being near dirt poor, makes no sense
@@christophersoucy7720 Debt doesn’t make you successful 🤡. It just makes you a slave to the system.
@christophersoucy7720 with taking a loan you are not successful. If you ACTUALLY PAY your car, you are successful. A loan is nothing to be proud of, everyone can get that. Amaricans are super weird and the only ppl in the world that take a loan for everything and think its normal
Car payments should not be in the same ballpark as rent payments!! What on earth are they thinking?!?!
With payments like that, they damn sure better own a house already!!!
Um my rent is double those little car payments lol.
@PeterGriffin-924 Maybe you should live someplace more affordable. It IS possible. But they should already own a home, outright, before agreeing to those high payments.
Keep in mind some of these vehicles are upwards of around 80 to 100k brand new. Payments are always going to be high for something like that.
@@Short_Bus But if someone has to pay Rent... they should (imo) get a lower priced car. Priorities. Save to own a house, not a depreciating vehicle. House prices/Interest rates WILL come back down.
I'll keep my paid off 06 Suzuki aerio SX with 160k miles until the wheels fall off. No payments for the past 15 years garage kept. No major issues, outside of parts are hard to find that's the only obstacle. But happy free and clear
Just paid off 2019 Ram classic crew 4x4. Payment was 617 at 1.9% interest. 48000 on window, on sale for 35000. Yaaasss!!!
Holy moly!!! My car payment is $476 it drives it self!!!! My house I built 7 yrs ago I have a payment for $1600, and it's 4600 sqft 5 bed 5 bath, with pool spa, theater room . That is insane!!!
Because you live in a swamp 😂😂😂😂
Yeah location matters too. Must be a low income state /city
Im in Lakewood Ranch, Florida, top 10 sought after counties in the country.
@@hannahmanager7646 what is the total sum of the mortgage?
@@Ryan-si2zb $376,000, but property appraiser has it at $750,000 now, its come down from 795k. It will probably level out at around $700k, because it stopped going down when the rest of the country has continued to decline. Cant imagine for the life of me why everyone is moving here but some how the word got out about our beautiful beach county!
Daaaaaannnngggg…. Went almost 8 years without having to buy a car. My new payment $420. I’m not crying about that anymore. 🤦🏼♀️
I've had no car payments for yrs now, and i LOVE it! Thats four cars, title in hand. My biggest car payment was for my 2007 Z06. That was $47k, put $13k down and my payment was $590. I can't imagine having to make these payments. My mortgage is $1360 smh.
I bought a Hilux brand new in 2021 for about 80k. My repayments are only 300 a month. Fortunately, I paid over half of the vehicle off in cash up front. Would never consider buying a new vehicle with $0 deposit. That’s some straight up financial irresponsibility right there
I wrote a personal check and paid for my used car in full. No car payments. No credit cards. No mortgage. Own two rental homes paid in full. Blessed that I can’t stand paying someone to pay someone. lol.
I'm the exact opposite, I use the banks money to pay for everything, and use my money to make money elsewhere.
@@stevenholmes4324 lol so I was there and you weren’t. Lol. I guess you know exactly what happens at every place and every purchase. I have the receipt and it was less than a year ago. Good day.
@stevenholmes4324 you are 100% wrong you can absolutely write a personal check for a car.
@stevenholmes4324 if you are going to argue with someone about something you know absolutely nothing about, atleast try and use you're instead of your.
@@Sinsled1978 lol awesome comment.
This is why i don't take people seriously when they say they can't afford to live.
If you have a loan at all, you can’t afford to live.
Very likely they are horrible spenders.
“But I NEED my 100k car to LIVE”
No you don’t. You were born without one, you could continue to do that
Terrible strawman. Majority of people are struggling and are not making exorbant purchases.
You've applied this video to every single person struggling in your head.
I know people paying rent working dead end jobs without cars scraping by with pennies- its not even me. Its what i've had to see and its a dreadful living.
@@pmuz482still don’t feel bad. I lived in California. Swallowed my pride and admitted I can’t afford to live there. So I moved. Now I have a Yukon XL Denali and 4 bedroom house on 3.5 acres for about the same monthly payment as a dingy 2br apartment in California. If you’re too stubborn to move because your ego wants to be able to say you’re from a certain city, I don’t know what to tell you.
@@martinvera4567 California has 30 million something people, that's 30,000,000 people. Very very very few of those people can actually afford to live there. Most of the states boarding California (that have cheaper areas to live) have maybe a couple million people in the entire state. Even if you look at the entire country we have 50 states, we can rule out probably about 10 of them as being too expensive. So we have 20 million people in California that want to move to a cheaper place. That's 500k people per state if they split up evenly. That would increase the populations of places like Montana or Wyoming by 30 or 40%. Do you think those economies can handle it? And that's just the people in California, how about the millions in Colorado where it's expensive to live? Or the millions in Washington state? Or Washington DC? Or New York? Or Hawaii? Or New Jersey?
People like you who say stupid stuff like that really don't understand. Yes, a few people can leave these high cost areas, plenty of them like yourself are doing that and these lower cost areas are feeling the affects of it because you keep raising the prices of our areas when you come in with higher incomes and equity from other places. These places that are cheaper to live are cheaper to live because of supply and demand, people didn't want to live there so few people did, then people started hurting by inflation and bad economies so they move to cheaper areas driving up the demand, buying all of the supply and making prices skyrocket pushing out people native to those areas. It got especially bad when these tech bros realized during Covid that you could just work from home so they moved to cheap areas and work for home not even participating in the local economy a lot of them bought 2 or 3 extra houses for rentals when they moved which displaced even more locals that wanted to buy themselves.
Like you do understand that right? You can't just move tens of millions of people out of high cost areas and expect the smaller communities they go to, to be able to support that influx of population. Because it's not just the people that would have to move it's the employers that would have to move. You can hate on California all you want but there's a lot of jobs there if the factory workers and retail workers and construction workers and small busines owners lost all of their employees they'd have to move their companies to other areas that do have people looking for work, which would be all of the smaller lower cost areas which then all of this money would move in building new factories and new businesses and grocery stores and then it just turns into expensive California again lol.
So while yes on a personal scale moving away to a cheaper area is a valid option, it is not a valid solution to the overall problem we're facing as a country nor will it solve the issue for the masses that need it.
My car payment is $0 per month, Nissan Versa, 2016, manual transmission, she's got 136000 miles, and still going. My second car payment is a 2004 Jeep Wrangler X, TJ series with 111000 miles and with a car payment of $0.
In most cases, it's not the economy holding people back. It's people who aren't good with money.
What they actually pay is between $400 to $800 dollars a month depending on the dealership they work for. The dealership pays the rest.
I hope everyone realises that the car payment amount is irrelevant information. What we need to look at is the interest and loan term.
If you are paying $2000 a month on 1.99% interest over a 24 month term you are doing better than the person paying $300 a month on 11.99% internet on a 60 month term...
If we could all afford paying $2000 a month for 24 months yes, it would be the wisest choice, but unfortunately alot of us just can't.
Lmao no one ever be doing 24 months let’s be honest 😂
@@MIGHTYRONIN Fr. Original poster just wants to show he passed basic financial literacy.
I've been driving a 2011 Ford Focus that I bought for $1000 two years ago. No regrets. These people are destroying their future.
Car payments are a mugs game. I always bought cars cash, used for a year or two, sold for more. Not losing money on finance, Whilst saving. Budget increased everytime.
Finance is just a downhill snowball