Love my Nissan Rogue (loaded). 350 month. Yes lease 15k per year 3 yrs. I work 3 miles from home. Looking forward to week between Xmas and new years… I have stellar credit own home money in retirement. Sure could get 1000 month Denali but why. To be a sheep. No thx
@@MX-CO A rare, used, but fun car gets you from A to B AND you get all of your money back in the end (and THEN some.) For example, my 1993 Cobra was $13K in 2001. I've put 200K miles on it and I could easily get 3 times what I paid. My other car, a twin-turbo 300ZX was $3.5K in 2010. It would easily sell for 4 times that now. Oh, and guess what? They are both so much fun to drive and I can show them at car shows. The Cobra took 2nd place last year at one.
Why are the “sheep” buying pick ups any way. So they can feel cool. I laugh and laugh every morning. Seeing the pick up drivers having to rush to work so they can pay for there burdensome vehicle payments… I put my head to pillow every night and fall asleep with ease…. Own my work truck and very mild monthly payment for home use wife work vehicle….
@@maxwind1862 Sometimes its better to use other peoples money, sometimes a loan is similar to to renting, there is no one size fits all description. If your income can support it, its fine, if your income does not support it, it is the ever expanding hole you mention.
Some economists have projected that both the U.S. and parts of Europe could slip into a recession for a portion of 2023. A global recession, defined as a contraction in annual global per capita income, is more rare because China and emerging markets often grow faster than more developed economies. Essentially the world economy is considered to be in recession if economic growth falls behind population growth.
It's a delicate season now, so you can do little or nothing on your own. Hence I’ll suggest you get yourself a financial expert that can provide you with valuable financial information and assistance
Very true! I've been able to scale from $50K to $189k in this red season because my Financial Advisor figured out Defensive strategies which help portfolios be less vulnerable to market downturns
"Rebecca Nassar Dunne" is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Ya, this! I havent had debt in decades, and I just take it for granted that everyone knows. This dude is right, debt is slavery. Do ANYTHING you can to get out of debt. Eat rice and beans until your debt is GONE. Never get in debt again after that.
Why would we spend 100K on a truck with 9 cab cameras recording us and manufactures selling that data to whom ever? I'll keep my old non-connected truck.
My daughter picked me up at the airport. We got in a 4Runner. I told her I never saw this car before. She said yeah we just got it used. I said how much u pay ? $10,000. She screamed at me WHAT? She said no $60k. I said I must be on another planet
When the price is 50% less (or more than 50% less) than they are today, come talk to us. Otherwise, everyone is going to sit on the sidelines and tell dealers and manufacturers to go play in traffic.
I didn't even get two minutes into the video and was sick of hearing the 💩 I already know. When the f**kers decide hey let's discount all these 100's of thousands of vehicles down half of posted price and do something rather than nothing to remedy the problem then maybe make a video about that🤷 I'd love to tell my parents or friends who can make those kinds of purchases hey 68k truck for 40k out the door! Then you'd see people come out of the woodwork to make a deal. And I'm sure Dodge and Chevy might be happy to have something better than nothing for this once in a lifetime collapse of the industry.
Car prices won't come down much more. The only hope is that interest rates come down. The manufacturers have proven that they are not dropping prices as much as we'd like.
I am not buying a $100k car. I am not buying a $50k car. I refuse to pay these super inflated overprices for these cars. I will only buy cheap affordable used cars that less than $3000 CASH!
Two years ago, I was looking to get my wife a Corvette for our anniversary... dealership told me "market adjustment" was 20,000 over MSRP.... I passed on the deal because it was not a deal... the dealership called me Friday 2024 C8 LT3 fully equipped with the performance package is $8000 below MSRP....
exactly...tell them $10k-12k off MSRP is good starting pt. don't forget to negotiate loaner car for any service and demand no dealer name badges on the car.
I just signed up for a one year auto mechanic certificate at my local community college in response to the current high prices of cars and trucks. I'm paying $4,400 for the entire year and figure it's a better investment than paying for the overpriced cars and trucks I'm seeing on dealer lots in 2024. I'll be doing this in my spare time while working an un-related full-time job. No way I can justify paying $75K - $100K for a new car/truck.
Nice. Just make sure you become a good mechanic. I've seen plenty of minimum wage techs who are clueless (or reckless) when it comes to basic maintenance.
A Chrysler Dealer here told me he'd sooner crush them all than take a $20k hit on each car. I told him to buy a big crusher. Now he doesn't shop in my store anymore.
My next neighbor got a brand new truck last week looks great, but when he told me what the monthly payment were at $1,297.00 not including insurance, requires premium gasoline only, I think I’m keeping my old truck with zero payments a little longer
Pretty much … they have come down but on used … I do the same thing I like the 14-18 gm Sierra ( body style after mine) and a decent used 18’ with like under 30k miles there at like 40k still the ultimate in 18’ was like 63-67k new sticker a 18’ is going on 7 years old and 40!!! Looking at a new redesigned 22’ Sierra denali (new truck in 19’ redone facelift and better interior 22’) they are like 59-65 crazy times man…with todays rates a 40k truck is like 800 a month for 60 months unless you put 1/2 down
My camp host neighbor bought a truck for their 16 yo son. They paid $3k for an old state-owned small utility truck. My next vehicle will cost $5k or less. Cash only. I hate paying interest. Yes I have cash and a credit score over 800 and could easily qualify for a loan. $80k for a truck? Lunacy.
Great video Brandon, and I 200 percent agree. Buyers and Sellers seem to be in a stalemate and we agree prices are too high while OEM's pitch that they are losing money with lower prices. What gives? The system has no where to go but down like the Titanic.
I bought one of these brand new 4+ years ago .. many recalls .. good truck .. but I don’t think I’d ever spend that much on a truck again - not worth 62 imo
@RussianConnection22 I'm glad I'm not in the market for one rn. But I've heard some people get 12k off msrp and for 0% APR. If I could get the same deal, then I'll grab it. Otherwise, they can keep their fleet. Unless you have money it's never really a good time to get a new car, but there are better times (0%, or massive discounts).
Even if you paid 62k, immediately after driving it off the lot they'd probably offer 40 to buy it back 😂 I'll never buy a new vehicle, as much as I would like to.
Another problem is the new vehicle quality is very poor. Major Electronic problem,poor build quality and when you go in for warranty work the dealers cannot get parts and you vehicle sits at dealers for months waiting for parts and dealers are not giving you courtesy cars.
A Ford repair center manager once told me that they make their money on the repairs, not the original sale. The service department was about 4 times the size of the sales lot.
And good luck getting electrical and/or computers in these cars corrected once they start having issues. One bad relay can turn that vehicle into a giant shit show. But hey, the coffee is free at the dealerships 😂
Cutting production is just another feeble attempt to keep prices artificially high. Good luck! Let's see the bottom fall out of this scam already. Let's go! 😅
I’m an entry level engineer and most of these vehicles are over my annual salary. Even now with almost 0 dept, I can hardly put away money to save for anything because of just living expenses like rent food gas and bills. So how am I supposed to justify spending over a years worth of money (that I don’t have so I’ll need to spend even more) for something that’s gonna lose a 1/3 of its value the moment I use it, and will probably need to be replaced in 5 - 10 years when my needs change. New cars never make sense unless you’re some executive.
Their price drops are still higher prior to 2020 prices 😂. I’ll consider dealers crashing when I see cars and trucks selling for 20-30k…. 40-70k= is crazy
I went to dealerships and they don’t have any base models anything, I don’t want a infotainment iPhone anything, I just want a 20-24k car, an actual small truck like the size they were in 2000s. You literally could buy a fixer upper house and rent it out for these prices
Ram (Stellantis) ruined themselves last 3 years. It kept piling up. They printed money for many years. Then ! Rates went up. They raised MSRP’s on everything. Less rebates. In northeast leases payments sky high. They are losing crazy market share every month. And dealers are heavy with inventory. 1000’s of cars on ground. And still getting 2024’s. That’s also crazy. The 2025’s are here already !!!! Tough times for Jeep. Dodge. Ram. Chrysler. 😮
I am in Canada and I can tell you that here car prices are crazy even used cars of 2-3 years are higher priced that when they sold for new! I can't afford a new car so I keep my old 2008 Nissan sentra and take care of it!
The problem is dealerships will continue to be dealerships until they close. They can't sell the cars and will still try to over charge you by any means. Went to one recently for a 19k car that's been sitting in the lot for 240+ days. They had advertised trade-in offers, above market for trade ins because of rebates they're getting, pay off remaining loans yada yada yada. Get there and salesman starts calculating stuff for a different car, same model but brand new and 5k more. Said shit like "oh used cars have higher interest and don't qualify for as many bonuses for your trade in" and "new one comes out cheaper" blah blah but out of curiosity i checked the new car out. They start asking for down payment to calculate payments and approval and i said "that's what my trade in was for?". Said oh we can't accept your car for trade in because it won't sell (2016 Ford fusion 100k miles for context) but i said "the bonuses for a trade in are the only reason we're even looking at this one and not the used one that 5000$ cheaper". In the end they tried to get me to sign 792 a month for 72 months (57k total) for a 25k MSRP car. I get the temptation of trying to make 32k in profit on a 25k car but that shit just cost you a customer that would've taken that other car out of your lot and not let it sit there another year. They just can't help themselves out of trying to scam people even when their wallets are starving
it's the same with toys R us, sears, zodys, fast for is doing the same they want to make $10 from $1 worth of food instead of selling 10 burgers and make a $1 off of each one and be busy ... I went to carls Jr and a double bacon cheeseburger meal was $19.58. F--K them I will never go back , let them go bankrupt...
This is the reason why I have been saving up for several years and have enough to buy either a 1-3 year old model or new for the model I want. Still waiting and will wait until the time is perfect and will use the specter of financing but knowing I will be able to pay cash and let the salesmen go on and on but knowing in the end I will get what I want at the price I'm willing to pay or out the door I go.
The banks are complicit in this bubble. Loaning 10-20% over msrp just because their buddies at the dealership want more profit on the sales is wild. It’s very obvious how financially unsound that strategy is and for financial institutions to be doing it isn’t just a red flag, it’s a whole lot of WTF and HELL NO.
With work from home, you don't need a $40-$80 car, you need a good pair of slippers. Maybe it's particular to my neighborhood but a large percentage of my neighbors work from home just like me. In 2020 when I went to work from home, I had a car I drove once a week just because it was there. Flat spots on the tires from being parked all week. I got rid of it and didn't replace it. My wife and I share our 1 car now with no problem.
Part of the reason they’re so against decent public transport and working from home in the US. Corporate America is forcing return to office to uphold the artificially inflated commercial Real Estate and Auto industries, that rely so heavily on people going to the office.
@@thexfile. ...actually the deadbeat unions are the main reason cars are so stupidly expensive. the unions are stuffed full of lazy morons who won't get fired, because they're union, but boy, do they think they're entitled to, and deserve the money they're extorting from Americans, who only want a good, dependable vehicle, but sure as heck aren't getting one. i knew a few in kansas city who made me sick to look at their lazy, union selves.
I went to Randy Marion Wilkesboro jeep dodge ram yesterday. I could not believe what I saw. Those fleet trucks are only half the problem. There are Thousands of vehicles there unsold. I saw 2022 trucks. The amount of unsold inventory is MASSIVELY SHOCKING.
@@R_Tap they have just as many regular retail vehicles as they do fleet vehicles. I mean it's rural north west NC. There is zero reason for that dealership to have so much inventory.
What is in these trucks that they should cost $70K? My mind can’t comprehend how anyone thought mass producing $70K+ trucks was good business. I mean, who did they think was gonna buy them? If they want people to even start thinking about buying a new vehicle, they’re gonna have to reduce the price…greatly…or they will rot where they sit.
Remember when people used to save up for a car? Go back to that and stop borrowing. You'll find yourself buying only vehicles you need instead of what you want or trying to keep up with the Joneses. Plus you're more likely to hold onto that car a lot longer because you don't have stupid monthly payments draining your account.
Did that with my recent car purchase. Saved up the money to buy the car. All in t-bills earning me 5% interest. Walked into a dealer and got horrible financing terms. Didn’t care because I would be paying off the loan after my t-bills cleared. Paid off the loan 2 weeks later. Now I’m just waiting for the dealer to get me my title.
bank CREDIT cause all booms and bust in the economy , This one is a doozy it's beyond houses, cars or credit cards, 50%-%300% inflation has sucked the paycheck to paycheck people clean of money
Nice collaboration video, that was awesome!! Always love ur videos CQA and the content is excellent. Glad ur business is killing it, you deserve it.. 👍🏼✌🏼
I’m a delivery driver in central Florida, I am seeing cars for sale by owners everywhere. Not just cars but RVs, boats, motorcycles. All the toys on sale because people a broke.
@@ChickenWang-b2tmaybe you should put down the booze. My comment was perfectly crafted and is a masterpiece. Glad I made you so upset. You must be a KH voter. 😂
Dealership are hiding this down fall. They’ll keep those prices until they have to close the doors. They’re too prideful. I used to be sale consultant for a huge dealership and, I truly believe we don’t see the price decline.
I don't feel so bad now. I drive a 1986 Volvo 240 wagon with 250,000+ miles original engine and transmission. And when I want make an impression, I drive my 2002 Toyota Sequoia with only 244,000 miles. I couldn't spend 5,000 dollars between the two of them if I tried on maintenance, or repairs. I call that a win.
@@xanderlander8989 i bought all cars cash. some hand me downs. my two cars i own outright now. people have this mentality to have it now. if i need it now, i will buy a beater to tide me over to a better car. new car? maybe as a treat when I retire. maybe not. we will see.
That’s brutal. My full coverage went up 15% and I dropped the company and went to liability only somewhere else. Stupid. I’ve been with that company for 9 years and never made a claim.
I saw this coming. Six years ago I bought a 2004 Ford Explorer, 120,000 miles. Excellent condition. Paid $8,000 cash. Drove it three years. Transmission overhaul. New crate motor. Apx seven grand in repairs. So now I have a twenty year old vehicle in perfect condition that drives like new and should last another fifteen years with normal maintenance. Bottom line, only apx $15,000 investment instead of spending a fortune for a new SUV truck. And NO car payments.
Last time I did payments on a car was 1998. Never again would I ever consider payments and never did. I was in the Navy and paid around 80 percent of it off, got out and didn't have work for a couple of months as I adjusted back to civilian life....they repod it and my credit went to crap. I've walked, bus, and biked myself around. When I could afford a used car, I paid in full. Cars are money pits (I'VE BEEN SAYING THIS FOR DECADES !!)no matter how you look at it. But to make payments on top of insurance, gas, toll fees, parking, registration , maintenance, AND TICKETS, CITATIONS.....is insane, they're expensive even without payments. Maintenance and parts is where dealerships made bank. They know it's a matter of time before they break, crack, bust and fail.
And yet my CEO makes a day as much as three shop floor employees make in a year. Every day, including Saturday's, Sunday's, Christmas day, all 365 days a year. Surprised anybody ?
@@yanniobkirk5744 Sir, grab a calculator and do some math. Nobody is worth that kind of compensation. And if they are they should pay half of the taxes we do. You know, wouldn't that be fair?
they are rubbing the numbers for the stock market , everyone wants a luxury truck, not a work truck anymore , you can still buy the white work trucks but your average person who doesn't use or need a truck wants the $100,000 gizmo
@@cardboardboxification Regardless of manufacturer, those "bare bones", white paint, regular cab, RWD, work trucks go for $37-40K before TTL in my area of the Southwest. No thanks.
Dealers don't control the price the manufacturer does. As far as used inventory prices those are dictated by jd power and mmr. Dealers own the vehicles for what they own them for there is an upper limit to how much a car can be discounted or marked up. The maximum finance able amount for a used car is 110% loan to value and on a new car it is 120% loan to value. With so many people rolling negative equity from covid, and people often wanting zero down between tax tag title etc just that alone often hits the 110-130% ltv even after the dealership discounts the vehicle.
@@iphonehome2489 dealers charging over list is on dealers. Dealers charging 5,10, 20, 30, 40 k over list is on the dealers. Dealers are not born from humans.
Omg this guy is ridiculous. I retired from automotive retail in 2009. News flash. New car dealers have ALWAYS been glorified used car dealers. Our used business along with our parts and service was always our focus. Dealers are still charging add ons.
They are trying and, have been successful to date. But, it's only a matter of time before something beyond their control collapses this house of cards. The debts will be paid through high inflation, asset depreciation or both. The higher ups won't care until their illusion of invulnerability is shattered.
I'm from Texas and when I'm at the auction I see every car go for way more than they're worth it's absurd how desperate theses dealers are, and what amazes me is that they don't learn, they pay high prices for cars that aren't even running right
Fun fact. I got denied for my first loan application in probably 20 years. I have exceptional credit (verified via all 3 reporters), plenty of income, very few expensiveness, tons of assets from stock accounts to my home, including commercial land. I was denied a loan application for 8k dollars. I was absolutely shocked. Granted, I could have just paid cash, but I couldn't believe it. I don't know how the average person is supposed to get a loan right now.
I hope they can’t. That will keep people who have no business buying a new car from doing so and driving the prices up for the rest of us. Too much credit and long loan terms are the root of all economic evil.
Who can afford a $ 100,000 truck? A truck that loses value as soon as you buy it and depreciates at an accelerated rate. It's not worth buying a new vehicle.
I bought a cheap new van 3 years ago for €20000. I went with a van cause i couldn't afford a new car to get me to work, i needed something reliable after years of junkers letting me down. I looked at the exact same van again now as the warranty will be expiring and it's €10000 more for the exact same van😮 Even a new basic Corolla is out of reach for most people now here in Ireland
Let me see.. Buy a car or buy a house.. Same cost... house gains value... car looses value!!! What should I choose? Car prices are insane. Who can afford a new car!!! Houses are cheaper and don't loose value as soon as you get the keys!!!
Bought a new 2025 Ram 1500 a few days ago. They knocked $10,000 off the $54k msrp, and threw as many incentives as they could dig up at it. The dealer lost $2600 to move the unit, I saw the back-end numbers in the deal. They didn't give it up easily, but they did. Basically sold it for the same price as a leftover 2024 would have been, because they didn't have the exact one I wanted. I had told them I'd just drive across town because there was an identical 2024 sitting on a competitor's lot.
It has not gotten bad enough for the car manufacturers and dealers to lower any prices. They know sooner or later businesses and people will buy their cars. Look on the road when you are driving around, lots of pickups and other expensive cars
Tradesmen once favored simple, durable pickup trucks with bench seats, vinyl floors, manual windows, and basic radios. These trucks were easy to clean and low enough to access the bed comfortably. However, when more people began demanding luxury features in their trucks, it led to the decline of affordable work trucks. I regularly get offers for my clean extended cab Chevy S10, but I keep it as my work vehicle. If stricter regulations hadn’t made smaller affordable trucks less viable for manufacturers they'd have more incentive to build them. Bet money they couldn't build them fast enough to meet demand. Instead the gov regs backfired leaving $80K behemoths baking under the sun on dealers lots or about to get repo'd in some poor suckers driveway.
My employer just changed our office location. When my lease ends. I will be looking for an apartment as close to the new location as possible. WHY? Because if anything happens to my car. I will live close enough to ride a bike to work.
I bought a new 2024 Chevy Trax about a year ago and paid $30K including taxes and licensing . 30 mpg. It has proven to be a good little car that is comfortable and economical. I did a good deal of research before I bought and I am happy.
@@toddprater14 I don't care. I know that when ever I buy a car, I'm going to get screwed. That's just the way it is. But, I am old and most likely will never buy another car. Besides when I want to drive a luxurious hot rod, I get out my 2006 Chrysler 300C. Motor trend car of the year! It only has 108K miles and is pristine. My late husband drove it to the hospital the day he died so it has a great deal of sentimental value to me and I will never sell it. I love to drive it too. I also own a 2019 Chevy Silverado 4500 that I pull my horse trailer with and I actually think I made a pretty good deal on that but I am not going to tell you about it because obviously you are the kind of person who likes to rain on my parade!
1:35 - the issue is that these folks refuse to lower their prices a dime in most cases. They tell you about how it will be "collectible" and "appreciate", BS. I have been looking at cars for 3 full years. The folks that still have market adjustments and 25k of "add ons" are the last to cut you a deal and the first to complain that YOU don't know anything about the car market. May be true. But I'm the guy holding the cash. Sooner or later you will get desperate for the cash and now I'm not buying from you cause you tried to rip me off six months ago... See if that car pays your rent and groceries. Like I told one salesman who gave me crap (advertised price 20k below asking but would not take less than asking). I offered to make it stop. When you call me in December, I'm going to say the same 6 words and hang up Ticks me off to no end that they treat you like dirt when you're trying to give them 40k.
Even if prices get better for cars 6 months from now, if the economy also worsens in the next 6 months people won't be able to afford them then either.
I wouldn't say it just started, to prove it just check any Website of any dealership of your choice in any part of the US... You'll see how they are still asking ridiculous prices for their bad quality gsrbage... A $5k "discount" means nothing when they already doubled the prices, let alone the high interest rates, and last but not least the crazy insurance cost premiums. Thank you but no thanks. They can keep their garbage forever if the want.
I like your content and I believe you will be correct, just feels like we are in the middle of The Big Short where everything indicates there’s problems but for some reason those in charge don’t see it.
the EPA won't allow 4 cylinder economy trucks to be produced ... by the EPA rules they have to get 50 mpg so no one makes them ... so heavy trucks is all you get
When a truck costs as much or more than a BMW or Mercedes you know the Country has gone insane. I have a 2007 Silverado in perfect shape with 325,000 miles. It runs smooth- no rattles- and burns 1 quart of oil every 6000 miles. I will drive it forever. I already priced a new engine and transmission ( high quality rebuilt) installed for $15,000.00 to put in my truck if I need it. Makes more sense to do that than buy an over-priced truck that isn't built well and full of electronics that will break within the first few years.
You can buy a few cheap tools and an engine hoist and change the motor and trans yourself or with a buddy in a day if you want to save even more. It’s just nuts bolts and wires.
![Lil Uzi Vert - Chill Bae [Official Music Video]](http://i.ytimg.com/vi/D7F42F_JM3U/mqdefault.jpg)
2,500$ car gets you from A to B.
100,000$ truck gets you from A to B.
Yup, I've always bought cheap cars that I can pay cash for, gets me anywhere I wanna go
2,500$ car gets stuck in traffic
100,000$ car gets stuck in traffic
Love my Nissan Rogue (loaded). 350 month. Yes lease 15k per year 3 yrs. I work 3 miles from home. Looking forward to week between Xmas and new years… I have stellar credit own home money in retirement. Sure could get 1000 month Denali but why. To be a sheep. No thx
@@MX-CO A rare, used, but fun car gets you from A to B AND you get all of your money back in the end (and THEN some.) For example, my 1993 Cobra was $13K in 2001. I've put 200K miles on it and I could easily get 3 times what I paid. My other car, a twin-turbo 300ZX was $3.5K in 2010. It would easily sell for 4 times that now. Oh, and guess what? They are both so much fun to drive and I can show them at car shows. The Cobra took 2nd place last year at one.
Why are the “sheep” buying pick ups any way. So they can feel cool. I laugh and laugh every morning. Seeing the pick up drivers having to rush to work so they can pay for there burdensome vehicle payments… I put my head to pillow every night and fall asleep with ease…. Own my work truck and very mild monthly payment for home use wife work vehicle….
I would like to know where these falling car prices are. They are not falling here at all.
the car market collapse has been happening for two years now, but I don't see it either.
When major dealerships start going bankrupt, the fire sale will start
Nothing collapsing here in Upstate New York either
I live in south Florida and I sure don’t see a discount’s.
Same here in the Bay Area (CA). IMO critical mass has not been hit yet
$100K for a truck is insanity
Used to be a mortgage... Smh
It's a business tax write-of. That's part of why 3/4 and 1 ton truck prices have risen on average.
@@hochhaulyou don’t know jack shit do you
@@hochhaul businesses must be doing well
anyone driving one is a tool
Getting denied for a new car loan right now is the best thing that can happen to someone.
No, being rejected for a loan goes on your credit history
@@MrkBO8 and all credit does is give you a bigger shovel to dig a bigger hole with.
@@maxwind1862 Sometimes its better to use other peoples money, sometimes a loan is similar to to renting, there is no one size fits all description. If your income can support it, its fine, if your income does not support it, it is the ever expanding hole you mention.
Im so Glad i got my good reliable car at the Used car lot no intrest and extra Fees
how so ?
Some economists have projected that both the U.S. and parts of Europe could slip into a recession for a portion of 2023. A global recession, defined as a contraction in annual global per capita income, is more rare because China and emerging markets often grow faster than more developed economies. Essentially the world economy is considered to be in recession if economic growth falls behind population growth.
My main concern now is how can we generate more revenue during quantitative times? I can't afford to see my savings crumble to dust.
It's a delicate season now, so you can do little or nothing on your own. Hence I’ll suggest you get yourself a financial expert that can provide you with valuable financial information and assistance
Very true! I've been able to scale from $50K to $189k in this red season because my Financial Advisor figured out Defensive strategies which help portfolios be less vulnerable to market downturns
How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings?
"Rebecca Nassar Dunne" is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Sad that people don't know that a $75,000 truck really costs about $18,000 to build. Let them all go out of business.
Absolutely, costs $1.50 to make a pizza and Dominos sells it for $12. But Dominos doesn't need $30-40,000 of financing on a $138,000 pizza lol.
I've seen your videos in my feed for two years, and it's always "The car market is crashing," yet still no crash. You'll be right one day.
Exactly a broken clock is right twice a day
That's why I thumb down all their videos.
He must make a million dollars a year making 2 or 3 of these videos a week...'done', 'collapsing' lol
They are shameless.
Even a stopped clock is right twice a day.
Debt = slavery. Don't be a slave.
Ya, this! I havent had debt in decades, and I just take it for granted that everyone knows. This dude is right, debt is slavery. Do ANYTHING you can to get out of debt. Eat rice and beans until your debt is GONE. Never get in debt again after that.
We are ALL slaves of the BANKS! We work for the BANKS!
@@jaygalgano8033sounds like ants serving for their queen
It’s not debt if you pay cash for it.
@@R_Tap Gee, you're a pretty sharp one, aren't you?
Why would we spend 100K on a truck with 9 cab cameras recording us and manufactures selling that data to whom ever? I'll keep my old non-connected truck.
It's OK, millions are buying Tesla's, which can be immobilized remotely 😆
@@RomanVarl You don't think the new trucks can't be remotely turned off? Ford has a patent to repo itself.
@@haileybut repo is a bit different, I'm sure you're right
That reminds me, I gotta check the hub to see if they've uploaded anything from my cab yet.
@@jwheels9876 Probably not on hub, maybe on grindr tho...
My daughter picked me up at the airport. We got in a 4Runner. I told her I never saw this car before. She said yeah we just got it used. I said how much u pay ? $10,000. She screamed at me
WHAT? She said no $60k. I said I must be on another planet
The worst part is it made the used car market even worse. paying five grand for a vehicle that has 200,000 miles on it is absolutely nuts
When the price is 50% less (or more than 50% less) than they are today, come talk to us. Otherwise, everyone is going to sit on the sidelines and tell dealers and manufacturers to go play in traffic.
The people that want to pay the ridiculous prices can't get the loans.
I could buy a new vehicle cash , but why. I shall wait.
I didn't even get two minutes into the video and was sick of hearing the 💩 I already know. When the f**kers decide hey let's discount all these 100's of thousands of vehicles down half of posted price and do something rather than nothing to remedy the problem then maybe make a video about that🤷 I'd love to tell my parents or friends who can make those kinds of purchases hey 68k truck for 40k out the door! Then you'd see people come out of the woodwork to make a deal. And I'm sure Dodge and Chevy might be happy to have something better than nothing for this once in a lifetime collapse of the industry.
Car prices won't come down much more. The only hope is that interest rates come down. The manufacturers have proven that they are not dropping prices as much as we'd like.
@@WizzardMcCoy You could, but you could also take half the money and buy a second one if you wait 6 month.
I am not buying a $100k car. I am not buying a $50k car. I refuse to pay these super inflated overprices for these cars. I will only buy cheap affordable used cars that less than $3000 CASH!
lol ok
@@hochhaullol
@@hochhaulthis dude definitely overpaid for a vehicle he’s in every comment reply trying to justify it
3k cars are literally junk these days
The dynamic we're seeing says this is going to be difficult to sustain moving forward.
Absolutely love these video's when you put them out. I know that they take an incredible amount of work, and I appreciate that too.
Two years ago, I was looking to get my wife a Corvette for our anniversary... dealership told me "market adjustment" was 20,000 over MSRP.... I passed on the deal because it was not a deal... the dealership called me Friday 2024 C8 LT3 fully equipped with the performance package is $8000 below MSRP....
wow. u gonna do it?
Next year that deal will be 2x better
Tell them the consumer market adjustment is -20k from the MSRP.
Tell them to go pound sand.
exactly...tell them $10k-12k off MSRP is good starting pt. don't forget to negotiate loaner car for any service and demand no dealer name badges on the car.
I guess if you're going to spend $1,000 a month for a car payment, you might as well get one that you can live in😂
Those tow Repo video shorts are insane to watch. Lol
You can buy a new car, or you can buy a home. Nowadays it’s almost impossible to do both (or even just one of those). 🚗🏠☹️
@@JBM425Did both making around average money. Discipline yourself my boy.
What do you classify as average money.
Thats acrualky a new trend.
I just signed up for a one year auto mechanic certificate at my local community college in response to the current high prices of cars and trucks. I'm paying $4,400 for the entire year and figure it's a better investment than paying for the overpriced cars and trucks I'm seeing on dealer lots in 2024. I'll be doing this in my spare time while working an un-related full-time job. No way I can justify paying $75K - $100K for a new car/truck.
That's a great idea. Best of luck to you!
Amazing idea! I might do the same. Best investment you can make is learning valuable skills!
Nice. Just make sure you become a good mechanic. I've seen plenty of minimum wage techs who are clueless (or reckless) when it comes to basic maintenance.
Smart!!
Good lucky buddy! 👍
Funny, I was trying to buy a 2024 F450, and the dealership didn't want to budge on the price, so it's hard to believe the market is hurting 🤯🥴😡😠
Thats how they are Theyll charge u extra fees even
@@lilbench5834 crazy man
A Chrysler Dealer here told me he'd sooner crush them all than take a $20k hit on each car. I told him to buy a big crusher. Now he doesn't shop in my store anymore.
My next neighbor got a brand new truck last week looks great, but when he told me what the monthly payment were at $1,297.00 not including insurance, requires premium gasoline only, I think I’m keeping my old truck with zero payments a little longer
My old mortgage was only 700 bucks a month. X_X
Every time I see one of these videos (seemingly every few days for several months now) I go to CarGurus and look. Yeah, no change.
Pretty much … they have come down but on used … I do the same thing I like the 14-18 gm Sierra ( body style after mine) and a decent used 18’ with like under 30k miles there at like 40k still the ultimate in 18’ was like 63-67k new sticker a 18’ is going on 7 years old and 40!!! Looking at a new redesigned 22’ Sierra denali (new truck in 19’ redone facelift and better interior 22’) they are like 59-65 crazy times man…with todays rates a 40k truck is like 800 a month for 60 months unless you put 1/2 down
To be fair the used market dropped a little bit.....but not enough for the average person to notice, but it did come down ever so slightly.
No thanks. Purchased an old 96 Tacoma for under 2k. Runs and drives. I don’t need a 40-100k truck. Waste of money.
Nice find man
Drive a 97 4cy 5speed single cab with 374,000 miles and people always ask me if its for sale....Not for sale lol😎
@@artieaddeo2731 It's just getting broken in LOL!
Smart man. Does the AC still work or do you not need AC where you live?
Love it, I just got a 97 Silverado 3 door with 160k miles on it for 3500 cash. Love the old reliable trucks.
So sick of seeing these thumbnails...
What is a thumbnail ? 👐👍👎
@@danbooher5843Fat ass trucks.
Just hate facts?
Don't watch.
@@lightningmusky5286lmfao facts? The past year or two people have been talking about a crash 😂. There's no crash......
My camp host neighbor bought a truck for their 16 yo son. They paid $3k for an old state-owned small utility truck. My next vehicle will cost $5k or less. Cash only. I hate paying interest. Yes I have cash and a credit score over 800 and could easily qualify for a loan. $80k for a truck? Lunacy.
Great video Brandon, and I 200 percent agree. Buyers and Sellers seem to be in a stalemate and we agree prices are too high while OEM's pitch that they are losing money with lower prices. What gives? The system has no where to go but down like the Titanic.
Nissan Titan Pro 4x, $62k.
I asked for 11k off, and they laughed at me. Car is still sitting on the lot and it'll still be sitting there.
I bought one of these brand new 4+ years ago .. many recalls .. good truck .. but I don’t think I’d ever spend that much on a truck again - not worth 62 imo
@RussianConnection22 I'm glad I'm not in the market for one rn. But I've heard some people get 12k off msrp and for 0% APR. If I could get the same deal, then I'll grab it. Otherwise, they can keep their fleet. Unless you have money it's never really a good time to get a new car, but there are better times (0%, or massive discounts).
Even if you paid 62k, immediately after driving it off the lot they'd probably offer 40 to buy it back 😂 I'll never buy a new vehicle, as much as I would like to.
Cookeville Nissan in TN has 10-12k disounts on every single titan on their lot.
$62,000 for a nissan ?? lol
Nothing is crashing, but it is trending downwards... slowly.
Reality is setting in...we don't need suv's...
critical mass has not been hit yet...
Yep, 100k trucks still 100k.
All car lots are full in Pennsylvania. No customers.
Nerd show
Another problem is the new vehicle quality is very poor. Major Electronic problem,poor build quality and when you go in for warranty work the dealers cannot get parts and you vehicle sits at dealers for months waiting for parts and dealers are not giving you courtesy cars.
A Ford repair center manager once told me that they make their money on the repairs, not the original sale. The service department was about 4 times the size of the sales lot.
Correct. Absolute GARBAGE. And, it's every manufacturer... Every "brand".
And good luck getting electrical and/or computers in these cars corrected once they start having issues. One bad relay can turn that vehicle into a giant shit show. But hey, the coffee is free at the dealerships 😂
@@larrylaverne9547 Average hourly rate at a car dealership service shop is now $165.00. Yikes!
That's why buy Toyota if purchasing a new car these days.
Cutting production is just another feeble attempt to keep prices artificially high. Good luck! Let's see the bottom fall out of this scam already. Let's go! 😅
I’m an entry level engineer and most of these vehicles are over my annual salary. Even now with almost 0 dept, I can hardly put away money to save for anything because of just living expenses like rent food gas and bills. So how am I supposed to justify spending over a years worth of money (that I don’t have so I’ll need to spend even more) for something that’s gonna lose a 1/3 of its value the moment I use it, and will probably need to be replaced in 5 - 10 years when my needs change. New cars never make sense unless you’re some executive.
Glad the shareholders are suing Stellantis. Shareholders of Ford and GM should sue for poor quality.
Their price drops are still higher prior to 2020 prices 😂. I’ll consider dealers crashing when I see cars and trucks selling for 20-30k…. 40-70k= is crazy
When you artificially raise the price by 30K and then you only drop it 15K they are still overpriced
@@Dojo-v6m yup
The money supply has doubled since then. So you need to remember prices in nominal terms are different than real.
Give it time...
could they charge 2020 prices and still make money on the same trucks?
$130k for a Jeep?!?
That thing better not just take me from A to B, it better take me to the Moon! 🌙
One of your best videos regarding your editing. Great job. You really raised the bar.
I went to dealerships and they don’t have any base models anything, I don’t want a infotainment iPhone anything, I just want a 20-24k car, an actual small truck like the size they were in 2000s. You literally could buy a fixer upper house and rent it out for these prices
Ram (Stellantis) ruined themselves last 3 years. It kept piling up. They printed money for many years. Then ! Rates went up. They raised MSRP’s on everything. Less rebates. In northeast leases payments sky high. They are losing crazy market share every month. And dealers are heavy with inventory. 1000’s of cars on ground. And still getting 2024’s. That’s also crazy. The 2025’s are here already !!!! Tough times for Jeep. Dodge. Ram. Chrysler. 😮
SomeBody Had to Hit that dRum in orDer for tHe RocKs to SEttLE.!*?/\.
I am in Canada and I can tell you that here car prices are crazy even used cars of 2-3 years are higher priced that when they sold for new! I can't afford a new car so I keep my old 2008 Nissan sentra and take care of it!
good move. 07 camry 151k. keeping for years to get thru this insane market.
@@subaruamazon I am Lucky bécasse I do not use my car à lot so I will keep for many more years for sure!
Well Canada in general I feel bad for you....I don't know how you manage. Take care amd blessings
@@subaruamazonit won't change fyi. The market will stay 'bad'
@@jeanroy8283cars were meant to be ran, make sure when you drive it that you're hitting operating temperature.
The problem is dealerships will continue to be dealerships until they close. They can't sell the cars and will still try to over charge you by any means.
Went to one recently for a 19k car that's been sitting in the lot for 240+ days. They had advertised trade-in offers, above market for trade ins because of rebates they're getting, pay off remaining loans yada yada yada. Get there and salesman starts calculating stuff for a different car, same model but brand new and 5k more. Said shit like "oh used cars have higher interest and don't qualify for as many bonuses for your trade in" and "new one comes out cheaper" blah blah but out of curiosity i checked the new car out.
They start asking for down payment to calculate payments and approval and i said "that's what my trade in was for?". Said oh we can't accept your car for trade in because it won't sell (2016 Ford fusion 100k miles for context) but i said "the bonuses for a trade in are the only reason we're even looking at this one and not the used one that 5000$ cheaper". In the end they tried to get me to sign 792 a month for 72 months (57k total) for a 25k MSRP car. I get the temptation of trying to make 32k in profit on a 25k car but that shit just cost you a customer that would've taken that other car out of your lot and not let it sit there another year.
They just can't help themselves out of trying to scam people even when their wallets are starving
Just drive your existing car another 100,000 miles and stay away from greedy car dealers.
Invest in popcorn and watch them shrivel and unalive.
It’s been loooooong overdue!
With the internet, we don’t need stealer-ships!
it's the same with toys R us, sears, zodys, fast for is doing the same they want to make $10 from $1 worth of food instead of selling 10 burgers and make a $1 off of each one and be busy ... I went to carls Jr and a double bacon cheeseburger meal was $19.58. F--K them I will never go back , let them go bankrupt...
This is the reason why I have been saving up for several years and have enough to buy either a 1-3 year old model or new for the model I want. Still waiting and will wait until the time is perfect and will use the specter of financing but knowing I will be able to pay cash and let the salesmen go on and on but knowing in the end I will get what I want at the price I'm willing to pay or out the door I go.
All of that yapping for no reason.
The banks are complicit in this bubble. Loaning 10-20% over msrp just because their buddies at the dealership want more profit on the sales is wild. It’s very obvious how financially unsound that strategy is and for financial institutions to be doing it isn’t just a red flag, it’s a whole lot of WTF and HELL NO.
With work from home, you don't need a $40-$80 car, you need a good pair of slippers. Maybe it's particular to my neighborhood but a large percentage of my neighbors work from home just like me. In 2020 when I went to work from home, I had a car I drove once a week just because it was there. Flat spots on the tires from being parked all week. I got rid of it and didn't replace it. My wife and I share our 1 car now with no problem.
Part of the reason they’re so against decent public transport and working from home in the US.
Corporate America is forcing return to office to uphold the artificially inflated commercial Real Estate and Auto industries, that rely so heavily on people going to the office.
Corporate greed has the economy dangerously out of balance.
There are always be inflation and you can adjust for it, but you can’t adjust for greed.
Union wages cause unaffordable prices. .
@@oleradiodudea.m.4735 Don't blame the victim.
@@thexfile. ...actually the deadbeat unions are the main reason cars are so stupidly expensive. the unions are stuffed full of lazy morons who won't get fired, because they're union, but boy, do they think they're entitled to, and deserve the money they're extorting from Americans, who only want a good, dependable vehicle, but sure as heck aren't getting one. i knew a few in kansas city who made me sick to look at their lazy, union selves.
@@thexfile. Unions, union members and union leaders are not victims.
I went to Randy Marion Wilkesboro jeep dodge ram yesterday. I could not believe what I saw. Those fleet trucks are only half the problem. There are Thousands of vehicles there unsold. I saw 2022 trucks. The amount of unsold inventory is MASSIVELY SHOCKING.
I was just on their website. 2022 Ram 1500 with Rocky Ridge package listed for NINETY FIVE THOUSAND DOLLARS… FOR A 2022!!!😂😂😂
Those fleet trucks in Wilkesboro sat in a lot for over 2 years waiting on chips. They just put them out for sale. Still way overpriced
@@R_Tap they have just as many regular retail vehicles as they do fleet vehicles. I mean it's rural north west NC. There is zero reason for that dealership to have so much inventory.
@@SoonerMikeD they have 2022 ram 1500 etourqe still there
The illegal immigrants will buy them with the free Democrat money!
What is in these trucks that they should cost $70K? My mind can’t comprehend how anyone thought mass producing $70K+ trucks was good business. I mean, who did they think was gonna buy them? If they want people to even start thinking about buying a new vehicle, they’re gonna have to reduce the price…greatly…or they will rot where they sit.
Prices never go down. Sales just slow and the manufacturers layoff until the demand goes up.
The car market price gouging has been overdue for a kick in the nuts for a long time.
If you work at a dealership get ready to lose your job, your house, your car and even your ungrateful wife and kids. ITS GAME OVER!
Omg your making it seem it’s the end of the world when I’m pretty sure those people will be just fine
@@gamingclips2-q6zwhat are you watching
Never going to happen.Too much money splashing around out here.
Yes I work at a Nissan dealership and the managers all took a pay cut this past month by 40% according to them
Wow, someone needs help.
Remember when people used to save up for a car? Go back to that and stop borrowing. You'll find yourself buying only vehicles you need instead of what you want or trying to keep up with the Joneses. Plus you're more likely to hold onto that car a lot longer because you don't have stupid monthly payments draining your account.
Did that with my recent car purchase.
Saved up the money to buy the car. All in t-bills earning me 5% interest.
Walked into a dealer and got horrible financing terms. Didn’t care because I would be paying off the loan after my t-bills cleared.
Paid off the loan 2 weeks later. Now I’m just waiting for the dealer to get me my title.
That’s what I did, started pre-covid!!!!
bank CREDIT cause all booms and bust in the economy , This one is a doozy it's beyond houses, cars or credit cards, 50%-%300% inflation has sucked the paycheck to paycheck people clean of money
Those are not car loans. Those are mortgages.
well , at lest your house is mobil tin can, full of microcontrollers talking to each other to keep you company
Seriously! We paid $102k for our first house in 2000.
Average home is almost 300k now
Nice collaboration video, that was awesome!! Always love ur videos CQA and the content is excellent. Glad ur business is killing it, you deserve it.. 👍🏼✌🏼
Even people with big money ain't happy paying too much for junk.
please, they are the cheapest of cheap. they are the most depressed spending money lol.
I’m a delivery driver in central Florida, I am seeing cars for sale by owners everywhere. Not just cars but RVs, boats, motorcycles. All the toys on sale because people a broke.
Why do I feel like this comment was left unfinished please re read your comment and edit I can’t understand what the hell you just typed
@@ChickenWang-b2tmaybe you should put down the booze. My comment was perfectly crafted and is a masterpiece. Glad I made you so upset. You must be a KH voter. 😂
Dealership are hiding this down fall. They’ll keep those prices until they have to close the doors. They’re too prideful. I used to be sale consultant for a huge dealership and, I truly believe we don’t see the price decline.
Am enjoying my 2018 Ram Laramie fully loaded bought with 13000 mileage runs great and looks even better $33,000😉
Toyota making a $10,000 truck, with roll-up windows and no A/C. No infotainment system. I want one!
The truck manufacturers have lost their minds.
I don't feel so bad now. I drive a 1986 Volvo 240 wagon with 250,000+ miles original engine and transmission. And when I want make an impression, I drive my 2002 Toyota Sequoia with only 244,000 miles. I couldn't spend 5,000 dollars between the two of them if I tried on maintenance, or repairs. I call that a win.
07 camry paid in full. 151k id say that is a win as well.
'98 Durango paid 1500 for it 750,000 miles never a problem with it just regular maintenance.
@@kenik2023 wow how awesome. keep it up.
When people ask me what car they should buy I always say "paid for." Owning your car is better than going into debt for a rapidly depreciating asset.
@@xanderlander8989 i bought all cars cash. some hand me downs. my two cars i own outright now. people have this mentality to have it now. if i need it now, i will buy a beater to tide me over to a better car. new car? maybe as a treat when I retire. maybe not. we will see.
My car insurance in FL increased 150% since 2020... no tickets, no claims. What inflation?
That’s brutal. My full coverage went up 15% and I dropped the company and went to liability only somewhere else. Stupid. I’ve been with that company for 9 years and never made a claim.
I have 3 teenagers driving in Florida 2,500 every six months with progressive
@@jacksfrost8467 😥😢😩
You live in FLA. Why should I have to pay for your weather events. Same with California. Move to the Midwest.
@@robm3063 Where you guys have tornadoes?
I saw this coming. Six years ago I bought a 2004 Ford Explorer, 120,000 miles. Excellent condition. Paid $8,000 cash. Drove it three years. Transmission overhaul. New crate motor. Apx seven grand in repairs. So now I have a twenty year old vehicle in perfect condition that drives like new and should last another fifteen years with normal maintenance. Bottom line, only apx $15,000 investment instead of spending a fortune for a new SUV truck. And NO car payments.
Last time I did payments on a car was 1998. Never again would I ever consider payments and never did. I was in the Navy and paid around 80 percent of it off, got out and didn't have work for a couple of months as I adjusted back to civilian life....they repod it and my credit went to crap.
I've walked, bus, and biked myself around. When I could afford a used car, I paid in full.
Cars are money pits (I'VE BEEN SAYING THIS FOR DECADES !!)no matter how you look at it. But to make payments on top of insurance, gas, toll fees, parking, registration , maintenance, AND TICKETS, CITATIONS.....is insane, they're expensive even without payments. Maintenance and parts is where dealerships made bank. They know it's a matter of time before they break, crack, bust and fail.
And yet my CEO makes a day as much as three shop floor employees make in a year. Every day, including Saturday's, Sunday's, Christmas day, all 365 days a year. Surprised anybody ?
you should tell the Board of Directors that you'll do the CEO job for half that. They'd be crazy not to hire you.
@@enjoyevan LOL. i didn't mention I'm in automotive. I am lucky and make some money. Still he makes way more in a day than I do in a year.
He's probably worth it. Not just anyone can do that job.
@@yanniobkirk5744 Sir, grab a calculator and do some math. Nobody is worth that kind of compensation. And if they are they should pay half of the taxes we do. You know, wouldn't that be fair?
Sounds like Marxism, to me. Could you run a multi-billion dollar, global company? The short answer, is ............no.
All those 2024 $80,000 trucks sitting on dealer lots just took a years depreciation hit.
No truck worth over 60k.
Lots full, prices not down.
Dealers will go under before they lower prices.
Correct.
they are rubbing the numbers for the stock market ,
everyone wants a luxury truck, not a work truck anymore , you can still buy the white work trucks but your average person who doesn't use or need a truck wants the $100,000 gizmo
@@cardboardboxification Regardless of manufacturer, those "bare bones", white paint, regular cab, RWD, work trucks go for $37-40K before TTL in my area of the Southwest. No thanks.
Dealers don't control the price the manufacturer does. As far as used inventory prices those are dictated by jd power and mmr. Dealers own the vehicles for what they own them for there is an upper limit to how much a car can be discounted or marked up. The maximum finance able amount for a used car is 110% loan to value and on a new car it is 120% loan to value. With so many people rolling negative equity from covid, and people often wanting zero down between tax tag title etc just that alone often hits the 110-130% ltv even after the dealership discounts the vehicle.
@@iphonehome2489 dealers charging over list is on dealers. Dealers charging 5,10, 20, 30, 40 k over list is on the dealers. Dealers are not born from humans.
Omg this guy is ridiculous. I retired from automotive retail in 2009. News flash. New car dealers have ALWAYS been glorified used car dealers. Our used business along with our parts and service was always our focus. Dealers are still charging add ons.
My man’s a genius, makes the same videos ever week. 80k views 😅
If only I had a patent on “IT’S OVER!!!” Oh the royalties.
This one was enjoyable, thx for making it.
The slow crash is being controlled by the higher ups, they're carefully creating the world we live in..
everyone should grow food in their back yards and barter with their neighbors , bypass the EPA inflation on food
They are trying and, have been successful to date. But, it's only a matter of time before something beyond their control collapses this house of cards. The debts will be paid through high inflation, asset depreciation or both. The higher ups won't care until their illusion of invulnerability is shattered.
@@cardboardboxificationwhat like tomatoes and green peppers that get one or two harvest a year? 😂.
It won't cost me a thousand dollars a month. Not even close. Don't need it, won't buy it. Find another sucker.
I'm from Texas and when I'm at the auction I see every car go for way more than they're worth it's absurd how desperate theses dealers are, and what amazes me is that they don't learn, they pay high prices for cars that aren't even running right
Fun fact. I got denied for my first loan application in probably 20 years. I have exceptional credit (verified via all 3 reporters), plenty of income, very few expensiveness, tons of assets from stock accounts to my home, including commercial land. I was denied a loan application for 8k dollars. I was absolutely shocked. Granted, I could have just paid cash, but I couldn't believe it. I don't know how the average person is supposed to get a loan right now.
I hope they can’t. That will keep people who have no business buying a new car from doing so and driving the prices up for the rest of us. Too much credit and long loan terms are the root of all economic evil.
Who can afford a $ 100,000 truck? A truck that loses value as soon as you buy it and depreciates at an accelerated rate. It's not worth buying a new vehicle.
It honestly losing value before it even sells 😂
U have a knack for great content!
I live in Florida and I don’t see prices getting any lower
I bought a cheap new van 3 years ago for €20000. I went with a van cause i couldn't afford a new car to get me to work, i needed something reliable after years of junkers letting me down. I looked at the exact same van again now as the warranty will be expiring and it's €10000 more for the exact same van😮 Even a new basic Corolla is out of reach for most people now here in Ireland
Alright! You da man! Putting ALL the info needed on this subject matter.
The car manufacturers need to make affordable small sedans, and a mix of cars, not just large trucks and SUVs.
both of my vehicles have been paid off for years, and im not even considering buying a new vehicle at these prices.
I did the lots Sunday and have come to the same conclusion. I'm not buying anything!
Car and truck prices in Pa are out of control. If anything, they went up not down.
"The car market has collapsed". "This truck is 100K." lol
Let me see.. Buy a car or buy a house.. Same cost... house gains value... car looses value!!! What should I choose? Car prices are insane. Who can afford a new car!!! Houses are cheaper and don't loose value as soon as you get the keys!!!
Bought a new 2025 Ram 1500 a few days ago. They knocked $10,000 off the $54k msrp, and threw as many incentives as they could dig up at it. The dealer lost $2600 to move the unit, I saw the back-end numbers in the deal. They didn't give it up easily, but they did. Basically sold it for the same price as a leftover 2024 would have been, because they didn't have the exact one I wanted. I had told them I'd just drive across town because there was an identical 2024 sitting on a competitor's lot.
More than a years salary for a car/truck...what are the car makers thinking 🤔
Fuck the corporate world
Praise be Allah
It has not gotten bad enough for the car manufacturers and dealers to lower any prices. They know sooner or later businesses and people will buy their cars. Look on the road when you are driving around, lots of pickups and other expensive cars
Tradesmen once favored simple, durable pickup trucks with bench seats, vinyl floors, manual windows, and basic radios. These trucks were easy to clean and low enough to access the bed comfortably. However, when more people began demanding luxury features in their trucks, it led to the decline of affordable work trucks. I regularly get offers for my clean extended cab Chevy S10, but I keep it as my work vehicle. If stricter regulations hadn’t made smaller affordable trucks less viable for manufacturers they'd have more incentive to build them. Bet money they couldn't build them fast enough to meet demand. Instead the gov regs backfired leaving $80K behemoths baking under the sun on dealers lots or about to get repo'd in some poor suckers driveway.
OMG!! The car market is crashing!.... Bro stop it already....even if car prices dropped 25% they will just get to pre pandemic levels.
The dodge dealership in my town just shut down and the buildings is for sale. Love to see it.
My employer just changed our office location. When my lease ends. I will be looking for an apartment as close to the new location as possible. WHY? Because if anything happens to my car. I will live close enough to ride a bike to work.
Why not ride a bike to work anyway? You'll be healthier and more fit 🙂
obviously you don't have kids lol
the collapse for over 6 months now. but prices not dropping.
Love seeing y’all together giving great information, as always.
The UAW is a huge part of this problem. They got their ridiculous pay increases but are losing their jobs because of it.
Good
Unions prey on economically ignorant people.
Wave goodbye to your Mexico-bound job....all after your alleged "victory" lol
I bought a new 2024 Chevy Trax about a year ago and paid $30K including taxes and licensing . 30 mpg. It has proven to be a good little car that is comfortable and economical. I did a good deal of research before I bought and I am happy.
30k for a tax that should me 18k lol
@@tl3565 oh, but you forget it included taxes and licensing!
Not 18 but 20-23
@@toddprater14 I don't care. I know that when ever I buy a car, I'm going to get screwed. That's just the way it is. But, I am old and most likely will never buy another car. Besides when I want to drive a luxurious hot rod, I get out my 2006 Chrysler 300C. Motor trend car of the year! It only has 108K miles and is pristine. My late husband drove it to the hospital the day he died so it has a great deal of sentimental value to me and I will never sell it. I love to drive it too. I also own a 2019 Chevy Silverado 4500 that I pull my horse trailer with and I actually think I made a pretty good deal on that but I am not going to tell you about it because obviously you are the kind of person who likes to rain on my parade!
You bought a car with half a motor.
1:35 - the issue is that these folks refuse to lower their prices a dime in most cases. They tell you about how it will be "collectible" and "appreciate", BS.
I have been looking at cars for 3 full years. The folks that still have market adjustments and 25k of "add ons" are the last to cut you a deal and the first to complain that YOU don't know anything about the car market. May be true. But I'm the guy holding the cash. Sooner or later you will get desperate for the cash and now I'm not buying from you cause you tried to rip me off six months ago... See if that car pays your rent and groceries.
Like I told one salesman who gave me crap (advertised price 20k below asking but would not take less than asking). I offered to make it stop. When you call me in December, I'm going to say the same 6 words and hang up
Ticks me off to no end that they treat you like dirt when you're trying to give them 40k.
Even if prices get better for cars 6 months from now, if the economy also worsens in the next 6 months people won't be able to afford them then either.
I wouldn't say it just started, to prove it just check any Website of any dealership of your choice in any part of the US... You'll see how they are still asking ridiculous prices for their bad quality gsrbage... A $5k "discount" means nothing when they already doubled the prices, let alone the high interest rates, and last but not least the crazy insurance cost premiums. Thank you but no thanks. They can keep their garbage forever if the want.
I like your content and I believe you will be correct, just feels like we are in the middle of The Big Short where everything indicates there’s problems but for some reason those in charge don’t see it.
Yeah. If this trend keeps up, I think we will see affordable “cars” come back especially when the market gets tired of big expensive trucks.
the EPA won't allow 4 cylinder economy trucks to be produced ... by the EPA rules they have to get 50 mpg so no one makes them ...
so heavy trucks is all you get
Hopefully, the recent Supreme Court's ruling on the Chevron Doctrine will rein in the EPA, and their unconstitutional mandates and policies.
Every month I'd the same search in the same vehicle in the same area, etc... and everything under 25k is gone.
When a truck costs as much or more than a BMW or Mercedes you know the Country has gone insane. I have a 2007 Silverado in perfect shape with 325,000 miles. It runs smooth- no rattles- and burns 1 quart of oil every 6000 miles.
I will drive it forever.
I already priced a new engine and transmission ( high quality rebuilt) installed for $15,000.00 to put in my truck if I need it. Makes more sense to do that than buy an over-priced truck that isn't built well and full of electronics that will break within the first few years.
You can buy a few cheap tools and an engine hoist and change the motor and trans yourself or with a buddy in a day if you want to save even more. It’s just nuts bolts and wires.
It's crazy how full size trucks with 80k miles are going for $$30k+
thanks for a Great collection of guest speakers, they're all great RUclipsrs..
They better drop those prices 50% .