Financial situations change unexpectedly all the time. Don’t judge people based on an overly optimistic hypothetical scenario that you’ve created. Real like is messy, if you’ve experienced differently then you’re the exception.
If you can't pay your note anymore or REFI, TURN it back in! It will be WAY LESS EXPENSIVE to just give the vehicle back. If it goes to auction and they get less than what you owe, they ADD THAT to the note balance! Also the hook fee, storage fees, auction fees, statutory interest...that's on you. DON'T bust up the vehicle...it's going to auction anyway. The banks don't care, and you can't hurt their feelings.
communication is the most important!! communication is key is all relationships...business, personal, work, friendships and all. Trying to avoid it will make the situation worse.
Damn good advice Eben, most lending institutions would rather have a debtor trying to make payments than to have to send a repo truck out to get the asset, just make the phone calls and try to work with the lender
Things do happen. I appreciate you doing this video, because not many people in your trade would even think about putting any of this info out. Thank you Eb
I have been unemployed for 8 months and can meet my obligations. Travel trailer, new diesel truck, food. Priorities keep me from drinking, buying jeans with holes in them etc
Great advice bro!!! I used to work in recovery for GMAC. And as long as people were communicating with us and acting in good faith, we worked with them and tried to help. No one wants a car repossessed including the lender. Everyone looses expect the repo man.
Now that is a Christmas gift things you can use going forward in life. Remember knowledge is power learn something new everyday read something new everyday. Be blessed
THATS WHAT IM TALKING ABOUT!! PREDATORY LOANS EXIST IN THIS COMMUNITY PEOPLE NEED CARS AND DECENT PAYING JOBS TO COVER ALL THESE EXPENSES TO LIVE HERE. I HAVE EVEN MORE RESPECT FOR YOU BLACK MAN👊🏽💪🏾♥️
This is all very useful information! Some on here don’t realize that it isn’t ALWAYS because you bought a vehicle that’s out of your means yet hard times have happened to us all these last few years. Call your lender just like he’s saying. You can’t run from your debt it will catch up with you! Bless you all in 2024 ☮️
Hello GOAT! Great advice. however, let me say, I drive a BEAST of a car… its a 2009 … Ive taken care of it…last week I hit 200,000 miles!!! (how many people can make that claim!??) There is no shame in driving an older car! If you take care of it… it will take care of you!!! AND guess what? NO PAYMENTS here…she was totally paid off…years ago😂!!! The only way you will come after my car will be when she finally kicks the bucket for good…til then.. NO BILLS..NO FEAR OF GOATS!!😂😂😂❤
I feel you. My ride's a 2006. Less insurance $, less license plate $. Gas mileage sucks, no digital anything, some repairs. Still saved thousands cuz no $$ payments. Whether it's high shine or old paint, it gets you there the same.
Dont lease cars. Finance what you can afford. That means 20% of your annual income in total purchase price on top of what you can pay in cash. Total purchase price is your konthly payment price added together. You finance the $30k car for 60 month payments of $680 a month? Your purchase price is $40k. You make 100k and no cash that means you should stay under 20k for the car. You want the car for 40k you better have 20k saved ready to pay in cash and finance 20k. Dont lease and dont finance 60 months. It should be 36 months at most. And yes that means you should save up as much cash as you can and you should buy a used car for 8k to 15k that you can drive for 10 plus years. If youre missing payments that means you need to sell, get rid of that car and get something way cheaper.
Also, you shouldn’t feel the need to drive a new car. Look for an older used Toyota or Honda. They have a good record of reliability. Most importantly, when you get that used car, treat it well by changing the oil regularly and keeping up with basic maintenance. You can drive a Toyota Corolla for years and years if you maintain it properly.
Got repoed about a year ago but came to find out i had some fraud happen to my account. it was bullshit but i had to pay 4500 im less than half now but damn i need to get back on the road. be whippin cause everyone that has a job needs a car
NEVER BUY A CAR WORKOUT PAYMENTS FOR MORE THAN 5 YEARS!!! if you can't pay the car off in 5 years, you can't afford the car. Any payments that last more than 5 years, you are fucking yourself over and paying more than what the car is worth.
You must remember. The companies finance off the gross, but you live off the net. Just because they say you can afford it, doesn't mean you can. Word to the wise.
Before I even watch .. 1) Pay the damn bill you said you could pay when you signed them papers 😂 2) Set up a payment plan if you can’t pay the bill 3) You got 3 damn months of back owe before they snatch your car… if they snatch it you was loaf’n and had no intention of paying what was owed , so oh well if Eb get it 🤷🏾♀️🤣
6:50 sometimes there’s even grants available and your lender would be more than happy to service that grant, they usually make more money for underwriting/admin fees…
Here’s a big tip.. know what your payment will be out the box.. don’t assume you can make the payments because it’s often to late and you have signed the deal. Don’t get into a vehicle you can’t afford.. I know it’s nice to have nice things but what is even shittier is having those nice things repossessed 🤷♂️
don't try to love beyond your means, meaning stop getting vehicles that you know for a fact that you can't afford to pay for. get a car that's based on a monthly payment that you can actually afford. ignoring the calls from the banks isn't going to save you from making your payments. if anything that will drive them to repossess the car.
This goes for anybody that's renting a car or renting a house 🏠 as long as you have a loan on something you do not own it you're renting it get that in your head people unless you have a pink slip it's not your that's the only tip you need in life
Shiiiiiii,in this country if we dont have good credit and the right paperwork showing we have solid consistent income to make payments we arent getting any loans...mofos be getting denied loans for buying too many coffees at cafe's for fuck sakes 🤣
Trump 2024 make repositions of cheap cars that should not be repossessed in the USA a thing of the past again (bad 4 u but good for the rest of us) HAPPY NEW YEAR
Great advice EB!! We get the “just pay your bill or get what you can afford” crowd but sometimes things happen.
Pay the freaking bill on time and if you can't pay the bill, don't get the vehicle that you can't afford.
You giving us the money? Then keep quiet
Amen
Two types of people in replies 😂
This guy prolly never fell on hard times and his comment proves it. Good luck in life my guy
Financial situations change unexpectedly all the time. Don’t judge people based on an overly optimistic hypothetical scenario that you’ve created. Real like is messy, if you’ve experienced differently then you’re the exception.
If you can't pay your note anymore or REFI, TURN it back in! It will be WAY LESS EXPENSIVE to just give the vehicle back. If it goes to auction and they get less than what you owe, they ADD THAT to the note balance! Also the hook fee, storage fees, auction fees, statutory interest...that's on you. DON'T bust up the vehicle...it's going to auction anyway. The banks don't care, and you can't hurt their feelings.
communication is the most important!! communication is key is all relationships...business, personal, work, friendships and all. Trying to avoid it will make the situation worse.
Damn good advice Eben, most lending institutions would rather have a debtor trying to make payments than to have to send a repo truck out to get the asset, just make the phone calls and try to work with the lender
Stop living above what you can afford if you lost your job tomorrow. It’s credit. Not money you actually have.
Things do happen. I appreciate you doing this video, because not many people in your trade would even think about putting any of this info out. Thank you Eb
🙌🙌🙌
I have been unemployed for 8 months and can meet my obligations. Travel trailer, new diesel truck, food.
Priorities keep me from drinking, buying jeans with holes in them etc
Great advice bro!!! I used to work in recovery for GMAC. And as long as people were communicating with us and acting in good faith, we worked with them and tried to help. No one wants a car repossessed including the lender. Everyone looses expect the repo man.
Wonderful nuggets for any driver!! Good looking. Stay blessed always 🙏🏾
Now that is a Christmas gift things you can use going forward in life. Remember knowledge is power learn something new everyday read something new everyday. Be blessed
THATS WHAT IM TALKING ABOUT!! PREDATORY LOANS EXIST IN THIS COMMUNITY PEOPLE NEED CARS AND DECENT PAYING JOBS TO COVER ALL THESE EXPENSES TO LIVE HERE. I HAVE EVEN MORE RESPECT FOR YOU BLACK MAN👊🏽💪🏾♥️
Communication is Key 🗝️🔐, Great Advice 💯
This is all very useful information! Some on here don’t realize that it isn’t ALWAYS because you bought a vehicle that’s out of your means yet hard times have happened to us all these last few years. Call your lender just like he’s saying. You can’t run from your debt it will catch up with you!
Bless you all in 2024 ☮️
Hello GOAT!
Great advice. however, let me say, I drive a BEAST of a car… its a 2009 … Ive taken care of it…last week I hit 200,000 miles!!! (how many people can make that claim!??) There is no shame in driving an older car! If you take care of it… it will take care of you!!! AND guess what? NO PAYMENTS here…she was totally paid off…years ago😂!!!
The only way you will come after my car will be when she finally kicks the bucket for good…til then.. NO BILLS..NO FEAR OF GOATS!!😂😂😂❤
I feel you. My ride's a 2006. Less insurance $, less license plate $. Gas mileage sucks, no digital anything, some repairs. Still saved thousands cuz no $$ payments. Whether it's high shine or old paint, it gets you there the same.
My advice would be get two jobs. Use one job just to pay the car note
Dont lease cars.
Finance what you can afford. That means 20% of your annual income in total purchase price on top of what you can pay in cash. Total purchase price is your konthly payment price added together. You finance the $30k car for 60 month payments of $680 a month? Your purchase price is $40k. You make 100k and no cash that means you should stay under 20k for the car. You want the car for 40k you better have 20k saved ready to pay in cash and finance 20k. Dont lease and dont finance 60 months. It should be 36 months at most.
And yes that means you should save up as much cash as you can and you should buy a used car for 8k to 15k that you can drive for 10 plus years.
If youre missing payments that means you need to sell, get rid of that car and get something way cheaper.
Communication is key..
You got Problems Communicate talk to Someone don't hold it in. We all have Problems!!
Good advise Eb, Merry Christmas to you and family
Step one to avoid repo.....Pay your damn bills.
Merry Christmas gang 💯💯
Same to you!
Commenting for the algo. Love the vids brother
Also, you shouldn’t feel the need to drive a new car. Look for an older used Toyota or Honda. They have a good record of reliability. Most importantly, when you get that used car, treat it well by changing the oil regularly and keeping up with basic maintenance. You can drive a Toyota Corolla for years and years if you maintain it properly.
I had to turn the volume way up for the talk, but worth listening to.
Got repoed about a year ago but came to find out i had some fraud happen to my account. it was bullshit but i had to pay 4500 im less than half now but damn i need to get back on the road. be whippin cause everyone that has a job needs a car
Merry Christmas from SA🇿🇦 🎁🎉
Merry Christmas
Don't buy a car you cannot afford
Pay your monthly payment
So buying shit you don't need
Great video! Awesome tips!! ❤️
NEVER BUY A CAR WORKOUT PAYMENTS FOR MORE THAN 5 YEARS!!!
if you can't pay the car off in 5 years, you can't afford the car. Any payments that last more than 5 years, you are fucking yourself over and paying more than what the car is worth.
that stain near right shoulder made me wipe screen several times before I realised
Nice content....COMMUNICATION!!
How to avoid?
Don't buy anything if u can't afford it.
Why not just cut to the chase and tell us where the tracker box is we can wrap up in foil so you cant find us all away around the board like you say.
😂😂😂😂😂😂😂😂
Happy New Year! Best regards from Moscow.
You must remember. The companies finance off the gross, but you live off the net. Just because they say you can afford it, doesn't mean you can. Word to the wise.
Before I even watch ..
1) Pay the damn bill you said you could pay when you signed them papers 😂
2) Set up a payment plan if you can’t pay the bill
3) You got 3 damn months of back owe before they snatch your car… if they snatch it you was loaf’n and had no intention of paying what was owed , so oh well if Eb get it 🤷🏾♀️🤣
THE GOAT
Thanks 🙏🏿
rule #1. Own your vehicles
People needing a video to learn how to pay their bills is crazy lmaooo we are too old 😂
6:50 sometimes there’s even grants available and your lender would be more than happy to service that grant, they usually make more money for underwriting/admin fees…
Good video. Do you have any videos of how to start a repo business step by step??
Here’s a big tip.. know what your payment will be out the box.. don’t assume you can make the payments because it’s often to late and you have signed the deal. Don’t get into a vehicle you can’t afford.. I know it’s nice to have nice things but what is even shittier is having those nice things repossessed 🤷♂️
Thats wild, I didnt know you can get a forbearance on your car loan......makes since cause people do it fir student loans all day
I lowkey thought you were going to give tips on how to dodge the repo guy...lol
don't try to love beyond your means, meaning stop getting vehicles that you know for a fact that you can't afford to pay for. get a car that's based on a monthly payment that you can actually afford. ignoring the calls from the banks isn't going to save you from making your payments. if anything that will drive them to repossess the car.
You don’t need a whole video to say “pay your bill”
Put car behind locked gate 😂😂😂😂😂😂
Nice !
This goes for anybody that's renting a car or renting a house 🏠 as long as you have a loan on something you do not own it you're renting it get that in your head people unless you have a pink slip it's not your that's the only tip you need in life
💪🏾💯
You charge a lot for your fees? My car got taken and I’m trying to get it back now by paying past due to get current
The only solution is: Pay for sh*t in cash!
If you can't save up for something and pay for it in cash, DON'T buy it!
Shiiiiiii,in this country if we dont have good credit and the right paperwork showing we have solid consistent income to make payments we arent getting any loans...mofos be getting denied loans for buying too many coffees at cafe's for fuck sakes 🤣
😂😂😂😂😂😂😂😂
These ain't the tips we want
Pay bills
Ya’ll heartless
Trump 2024 make repositions of cheap cars that should not be repossessed in the USA a thing of the past again (bad 4 u but good for the rest of us)
HAPPY NEW YEAR