Lets just say you buy a brand new truck. The only trouble it's a 2023 truck. Brand new but a 2023. It's two years old! It's a pretty good deal, or so you think. It was sold to you for 2,000 dollers cheaper than a 2025 truck. But, you drive this 2023 new truck off of the lot. It instantly depreciates 10 to 15 thousand dollars. So a week later you take this same truck to the dealership to sell it. It is not only 2 years old. Remember depreciation? It's 2 years old plus the depreciation of driving off of the lot when you bought it. You have lost a staggering amount of money. This is a no win situation for you. Your best bet would be to keep this truck until the wheels fall off. Make your payments like clock work, and don't miss any. Don't let it be repossessed. Because if you do, you will have what you owe on this truck hanging over your head for many many years. So be careful signing on the dotted line.
There is no way I would buy a new car at this time as I normally keep my cars for 10-12 years. The democrats want to take away gasoline and the electric crap they call cars aren’t ready to replace gas powered so if I were to buy and car now and Harris stops selling gas in 2030 I my car at 5 years old would be worthless. 5he electric cars don’t have enough range or enough charging stations and I; the winter here in the north range drops and the batteries won’t take a full charge when cold. There is no way these cars are ready to replace gas powered vehicles
So if your going to buy one make sure it's what you really want, got mine 10k off and still lost value but I picked out what we plan to be my last truck, so I got what I wanted right down to the color
@Swack76 How the hell did you inject politicians into this? The CEO'S of those corporations are the ones who decided to charge 80k -100k for these vehicles. This is a Free Enterprise System, not Socialism. This kind of sentiment is EXACTLY why these corporations get away with this kind of behavior. People who probably have no business voting due to their willfull ignorance blame the government for what oligarchs are constantly doing to screw the majority over and get away with it!
$2,000 isn't a discount. I got 25% off a new 2023 suv in 2022 because it had 60 miles on it. Next model years come out about half way into the current year. You can find good deals if you search around. Don't jump on the first car you see.
GREED killed the market. Manufacturers and dealers drove the price of cars up too high for the average buyer. The concept of moving all car models into the "luxury" segment is flawed. Yes, all those extras are nice. Sellers know the profit margins on the premium packages are much higher than the base offerings. Finding a bare bones base model is near impossible. If space on the assembly line is allocated it's going to be for the loaded car not a base model. The offerings are designed to put desirable options into two or more high priced option packages so you can easily add 12K to the sticker. You can't just order the things you want anymore and are force to get stuff you really don't want or need. Combine that with the slime ball "fees" dealers add and you have the current situation. Financing over 100% of MSRP instantly puts the owner under water and incentivizes them to simply walk away from the vehicle at some point. Banks now have more auto inventory sitting on auction lots than all the dealers combined creating an absolutely upside down market. All self inflicted wounds caused by GREED.
Automakers deciding to go upscale in a time of high inflation and economic challenges, real genius... Who wants to spend 50-80k on a work pick-up you're going to beat the crap out of?
Hmmm, Hey Banks! Lot Rot is a real phenomena, the clock is ticking on the value of these overpriced vehicles. Greedy Banks, go kick rocks! This makes me appreciate my Toyota and my mechanic that helps me maintain and repair my vehicles. The nerve of care manufacturers and Car dealers raising their car prices to $90 &100 Thousand dollars for a family and work vehicle.
Financing a vehicle has become like what financing s home was like three decades ago. And just as with housing, there's a dearth of less-expensive options with which to enter the market. One pathway is to finance a longer-term loan, maybe 7-10 years. But even at affordable interest rates, you're still paying far more than you should for the vehicle. And how long is your warranty? If you're still paying on the loan when something breaks, now you're carrying two debts on the same vehicle. Does any of this make financial sense?
The only reason why there is a problem is greed.. The over-bloated prices people paid or leased for cars during covid are coming to bite them in the ass.. and still, you are seeing high Vehicle costs. The only way they are going to sell cars is to lower price period it does not take a genius to figure it out
I'm rebuilding my 1989 F 150 4x4 from the frame up. A good body cost me 2000,front end bushing kit was 385, engine was 1725, with a 7 yr 100,000 mile warranty. New suspension,a 9 inch,all in all less than 10 grand and a better truck than our 2018 F 150 Super Crew.
Apple Poured $1B A Year Into Its Car Project Before Abandoning It. Tim Cook's Company Now Pulls Plug On Autonomous Vehicle Testing Permit In California: Here's More
A lead balloon is the first balloon of a pack of balloons, shall we say the "leader" of a distinct group of balloons. A lead (Pb, atomic number 82) balloon is one that can't rise because of it's weight. Really.
You have to be really out of your mind top pay retail for these light trucks that even more insultingly are poorly built. Don't do it, don't take a small discount and buy a two-year-old truck off the lot that loses $15,000 in value in 30 seconds. Do not buy these losers unless you need a work truck and it helps you make a lot of money.
That's a lie. I visited multiple stealerships selling Honda and Toyota and they are outrageously expensive. Saw Accords going for $50K and Toyota pickups for $75-85K.
Hey Ford!!! If you read this…, who knows 🤷🏻 I would take one for free! WinWin situation. Your stock getting smaller and you have more space. And I can drive a massive good car! I need no extra. Only a working truck…, second hand is also okay! Thank you 🙏🏼🫶🏽
Lets just say you buy a brand new truck. The only trouble it's a 2023 truck. Brand new but a 2023. It's two years old! It's a pretty good deal, or so you think. It was sold to you for 2,000 dollers cheaper than a 2025 truck. But, you drive this 2023 new truck off of the lot. It instantly depreciates 10 to 15 thousand dollars. So a week later you take this same truck to the dealership to sell it. It is not only 2 years old. Remember depreciation? It's 2 years old plus the depreciation of driving off of the lot when you bought it. You have lost a staggering amount of money. This is a no win situation for you. Your best bet would be to keep this truck until the wheels fall off. Make your payments like clock work, and don't miss any. Don't let it be repossessed. Because if you do, you will have what you owe on this truck hanging over your head for many many years. So be careful signing on the dotted line.
There is no way I would buy a new car at this time as I normally keep my cars for 10-12 years. The democrats want to take away gasoline and the electric crap they call cars aren’t ready to replace gas powered so if I were to buy and car now and Harris stops selling gas in 2030 I my car at 5 years old would be worthless. 5he electric cars don’t have enough range or enough charging stations and I; the winter here in the north range drops and the batteries won’t take a full charge when cold. There is no way these cars are ready to replace gas powered vehicles
So if your going to buy one make sure it's what you really want, got mine 10k off and still lost value but I picked out what we plan to be my last truck, so I got what I wanted right down to the color
More and more people have given up and don’t care about their credit scores.
@Swack76
How the hell did you inject politicians into this? The CEO'S of those corporations are the ones who decided to charge 80k -100k for these vehicles. This is a Free Enterprise System, not Socialism. This kind of sentiment is EXACTLY why these corporations get away with this kind of behavior. People who probably have no business voting due to their willfull ignorance blame the government for what oligarchs are constantly doing to screw the majority over and get away with it!
$2,000 isn't a discount. I got 25% off a new 2023 suv in 2022 because it had 60 miles on it. Next model years come out about half way into the current year. You can find good deals if you search around. Don't jump on the first car you see.
GREED killed the market. Manufacturers and dealers drove the price of cars up too high for the average buyer. The concept of moving all car models into the "luxury" segment is flawed. Yes, all those extras are nice. Sellers know the profit margins on the premium packages are much higher than the base offerings. Finding a bare bones base model is near impossible. If space on the assembly line is allocated it's going to be for the loaded car not a base model. The offerings are designed to put desirable options into two or more high priced option packages so you can easily add 12K to the sticker. You can't just order the things you want anymore and are force to get stuff you really don't want or need. Combine that with the slime ball "fees" dealers add and you have the current situation. Financing over 100% of MSRP instantly puts the owner under water and incentivizes them to simply walk away from the vehicle at some point. Banks now have more auto inventory sitting on auction lots than all the dealers combined creating an absolutely upside down market. All self inflicted wounds caused by GREED.
Automakers deciding to go upscale in a time of high inflation and economic challenges, real genius... Who wants to spend 50-80k on a work pick-up you're going to beat the crap out of?
The car companies , Banks and the consumers are playing a game of musical chairs. I wonder who is going to be left standing when the music stops.
Hmmm, Hey Banks! Lot Rot is a real phenomena, the clock is ticking on the value of these overpriced vehicles. Greedy Banks, go kick rocks! This makes me appreciate my Toyota and my mechanic that helps me maintain and repair my vehicles. The nerve of care manufacturers and Car dealers raising their car prices to $90 &100 Thousand dollars for a family and work vehicle.
Soon to be looking for more government bailouts
you know it every 8-10 years since 2000
New cars and trucks are simply not worth the price . But classic are going up in price also now .
Financing a vehicle has become like what financing s home was like three decades ago. And just as with housing, there's a dearth of less-expensive options with which to enter the market.
One pathway is to finance a longer-term loan, maybe 7-10 years. But even at affordable interest rates, you're still paying far more than you should for the vehicle. And how long is your warranty? If you're still paying on the loan when something breaks, now you're carrying two debts on the same vehicle.
Does any of this make financial sense?
The only reason why there is a problem is greed.. The over-bloated prices people paid or leased for cars during covid are coming to bite them in the ass.. and still, you are seeing high Vehicle costs. The only way they are going to sell cars is to lower price period it does not take a genius to figure it out
I'm rebuilding my 1989 F 150 4x4 from the frame up. A good body cost me 2000,front end bushing kit was 385, engine was 1725, with a 7 yr 100,000 mile warranty. New suspension,a 9 inch,all in all less than 10 grand and a better truck than our 2018 F 150 Super Crew.
Banks should keep these cars as they will be valuable antiques 100 years from now
100000 for a pickup truck
That's crazy
I have never seen a '24 Ford Raptor priced at under $105,000. Average price on a stripped, barebones F150 begins at a ridiculous $55k.
There's a new surge of cars from the Recent Helene floods coming.
It going to be 2025 soon, but they still selling brand new 2023 cars.
The banks would scrap the cars than to sell it under certain amount.
This video has WAY too many words to saying NOTHING OF VALUE!😂
The longer they hold them the less they will sell for as every year new cars come out
Lot rot is real a rat or other animal can total a cars wiring in a few quick meals
My Toyotas are selling for 20,000 dollars over MSRP...
I can't keep them on the lot! I'm making SO MUCH MONEY!!!!
Vehicles are meant to be driven, if they sit, seals, bearings, gears can be affected by corrosion, shrinkage, getting dried or cracked
100,000 dollar trucks is why ... not a single car under 30k ...not a sedan in sight ... greed from manufacturers
My mortgage payment is $800 for 2200sf two Car garage.
Apple Poured $1B A Year Into Its Car Project Before Abandoning It. Tim Cook's Company Now Pulls Plug On Autonomous Vehicle Testing Permit In California: Here's More
WELL LET THE BANKS SSUCK WIND
THESE ARE MOSTLY JUNK ANYWAY
Wanting twice to three times what a vehicle is worth , in THIS economy is just suicide . Rest in peace
Greedy dealers need to lose their asses!
Hilarious. They did it to themselves. Wait for the fire sale.
Cars that sit detireate
Any bank Loaning money on vehicles R V or real estate right now would be suicide. Changes are taking place.🤔
A lead balloon is the first balloon of a pack of balloons, shall we say the "leader" of a distinct group of balloons. A lead (Pb, atomic number 82) balloon is one that can't rise because of it's weight. Really.
As soon as I heard the pronunciation I knew it was AI.
automobile financing is doing the exact same thing as real estate financing did before the bubble burst 2008
I’d say it’s probably 98% of the problem is the price and financial side of attempting to own a new car 😂
You have to be really out of your mind top pay retail for these light trucks that even more insultingly are poorly built. Don't do it, don't take a small discount and buy a two-year-old truck off the lot that loses $15,000 in value in 30 seconds. Do not buy these losers unless you need a work truck and it helps you make a lot of money.
I would have purchased a new Cadillac but they were ugly, way too small for the price. So I got Mercedes for cost and large size im used too.
byers sick of ev over costs and pour service
Who says "top of the iceberg"??? Now I can't focus
Paying factory workers too much money and greedy.
Price you pay for American made
That's a lie. I visited multiple stealerships selling Honda and Toyota and they are outrageously expensive. Saw Accords going for $50K and Toyota pickups for $75-85K.
Let the Dealers drive them...Lol😅😅😅...
I'm willing to offer $8500 for any new 4wd truck they want to unload before it lot rots.
$100,000 for a truck plus insurance, $150 to $200 every time you fill up. $2,000 to $4,000 for tires for these trucks every 18 months or so
these car dealers has been over price there cars for decades . dodge is the worst.
Overpriced.
Useless AI generated videos 🙄🙄🙄
Hey Ford!!! If you read this…, who knows 🤷🏻 I would take one for free! WinWin situation. Your stock getting smaller and you have more space. And I can drive a massive good car! I need no extra. Only a working truck…, second hand is also okay! Thank you 🙏🏼🫶🏽
Let the Dealers drive them...Lol😅😅😅...