There are two types of people that buy cars: those that need a car, and those that want a car. They've priced both out of the market; they haven't quite figured that out yet.
In my area, DC, new cars are everywhere. Each week I spot several vehicles with new car plates. Just this week a BMW, Honda, Nissan, and a new Kia. Someone is buying.
I’ve taken really good care of my car that I’ve owned for over a decade. With how expensive everything is. Not having a car payment is the biggest thing letting me (very modestly) get ahead in life.
I bought my car new 12 years ago and have done the oil changes way before they’re actually due. With how expensive everything is these days. Not having a car payment is the only thing that lets me modestly save for retirement and throw a little extra at my mortgage each month.
Love it- right after this video ended is an ad for my local BMW dealership that says "come lease a BMW X5 for $1051/mo." So I pay the equivalent of a mortgage payment for 3 years on a car I'll never own and am just renting?
I could care less because I'm sick and tired of these dealerships basically the laughing at us with the sticker prices that they think they can charge people because no vehicle should have a price tag of $100,000 dollars. If I bring a vehicle with rims tires stereo system the dealership is not paying me any extra but yet you buy it from them and they want to charge you $30,000 because they added it. I've owned Ram trucks since 2001 and always bought the sport package but now even though I still own Ram trucks I'll buy the fully loaded cheap version because I don't need 30 speakers or a 12 and a half inch screen individual seat climate change. I care about the Motor and Powertrain.
I bought a 24 frontier today, way happier than Colorado, ranger etc. comes with a V6, power seats, heated seats and towing and MSRP was 40 but I got a good deal for 35. Of course it had stupid addendum sticker but lifetime powertrain was nice.
You haven’t even touched how bad the used car market is right now and how many repos are about to happen. The amount of repo’s people with auto loans are close to 5%.
Bigger problem than the pricing - there is NOTHING on the market I have any interest in buying new anymore. Cars have completely jumped the shark. I have the money to buy pretty much anything I want under an S-Class in price, but absolutely none of it appeals to me at all. So I will just keep the cars I have, and if I get bored there are plenty of low miles minty examples of the cars I like out there. As an example, two years ago I needed to replace a car lost in a hurricane. I could have bought a new Mercedes E450 wagon. But Mercedes has ruined them with the "Outback" treatment and screens everywhere inside. So I bought a mint condition low-miles 2014 E350 wagon. Similarly, in 2020 I bought an absolutely mint example of a BMW 1-series convertible with a 6spd manual transmission. I could have bought a new 2-series, but they stopped making them with a stick and the older car is more fun to drive. That they are cheaper is a bonus - I am not driving something I don't like simply because it's new. I bought a new car every other year for 16 years ending in 2019, including two new BMWs (still have one of them, a 2011 3-series wagon, another car no longer available in the US). No more, I am OUT. Currently own five paid-for cars in total spread across summer and winter homes between dailies and toys, I'm good.
Same. I always buy cars 2 to 3 years old with low miles. Save almost half off the original MSRP, and you still have some mnf. warranty left. I do avoid buying anything much older though, as you never know how well the previous owner was with oil changes, beating the shit out of the car when they drive it, etc.
Is it a crash or repricing to where the market should be going in the first place. Even with inflation dealers and manufacturers went way over board with prices proof of this, how many dealerships went out of business or got sold!
I don't know where this is going to go. With the cost of housing and everything else, I think the party is over. I hope not, we'll see, 2025 could get ugly if people keep getting squeezed.
I refuse to buy a new car today. No way in hell I am paying 80 - 100K for a normal truck. I purchased my 4x4 2012 Silverado off the lot in 2012 for 21K and of all places Anchorage, Ak. I still have it and will keep driving it. I keep care of it and do oil changes every 5k. It runs like new.. So, you can keep your overpriced crap.....
Kia/Hyundai are going to be fine, they didn't get too greedy..... I think GM is also fine, they have plenty of lower priced stock at least at our dealership and no dealer adds for the lower end vehicles.... But Ford, and Stellanis, good god, everyf ****ing thing...
The public are making twice and three times the money they use to make . All the cars will eventually sell , always have , always will. No big deal , but your whining is entertaining. People have always been buried. Yawn.. you will be saying this in 10 years , and we could have said it 10 years ago.
people are making 2-3 times more compared to just 4 years ago? what alternative universe do you live? or a better question, what stealership do you work for?
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There are two types of people that buy cars: those that need a car, and those that want a car. They've priced both out of the market; they haven't quite figured that out yet.
In my area, DC, new cars are everywhere. Each week I spot several vehicles with new car plates. Just this week a BMW, Honda, Nissan, and a new Kia. Someone is buying.
Where does the youtubers fall into this?? They don't need a car or eant a car but buy it for clout lol then sell it later
I’ve taken really good care of my car that I’ve owned for over a decade.
With how expensive everything is. Not having a car payment is the biggest thing letting me (very modestly) get ahead in life.
I bought my car new 12 years ago and have done the oil changes way before they’re actually due.
With how expensive everything is these days. Not having a car payment is the only thing that lets me modestly save for retirement and throw a little extra at my mortgage each month.
I remember looking at F-150 XLT's a few years ago that were about $40k, now they are at $65k minimum.
I remember seeing xlt's for 50k 10 years ago and thinking that's outrageous
I remember thinking a 35k explorer was outrageous in the 2000’s
nothing will change until the customers dry up. stop buying new cars!
Love it- right after this video ended is an ad for my local BMW dealership that says "come lease a BMW X5 for $1051/mo." So I pay the equivalent of a mortgage payment for 3 years on a car I'll never own and am just renting?
Car salesman should be minimum wage with no commission. You do nothing in that work.
Always remember the dealers need buyers more than the buyers need dealers.
No they don't. Trump will bail them out and they know it.
I could care less because I'm sick and tired of these dealerships basically the laughing at us with the sticker prices that they think they can charge people because no vehicle should have a price tag of $100,000 dollars. If I bring a vehicle with rims tires stereo system the dealership is not paying me any extra but yet you buy it from them and they want to charge you $30,000 because they added it. I've owned Ram trucks since 2001 and always bought the sport package but now even though I still own Ram trucks I'll buy the fully loaded cheap version because I don't need 30 speakers or a 12 and a half inch screen individual seat climate change. I care about the Motor and Powertrain.
I bought a 24 frontier today, way happier than Colorado, ranger etc. comes with a V6, power seats, heated seats and towing and MSRP was 40 but I got a good deal for 35. Of course it had stupid addendum sticker but lifetime powertrain was nice.
Not too bright😮
They are very nice trucks
Trouble is there’s too much plastic in the engine so don’t last as long as well.
Just went by our Ford dealer. Lot is loaded with vehicles, several F250s , Have a single cab 2020, F250 45k in 2020, the same truck is now 65k in 2024
Congrats on 10k subscribers
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You haven’t even touched how bad the used car market is right now and how many repos are about to happen. The amount of repo’s people with auto loans are close to 5%.
Congrats on 10k subscribers brother👍🏿!
@thadlm2698
Thanks for supporting the channel
5 grand for window tinting along?? What kinda fool would fall for this??
About the car insurance, well some people drive without car insurance, or they buy it then never pay for it.
Bigger problem than the pricing - there is NOTHING on the market I have any interest in buying new anymore. Cars have completely jumped the shark. I have the money to buy pretty much anything I want under an S-Class in price, but absolutely none of it appeals to me at all. So I will just keep the cars I have, and if I get bored there are plenty of low miles minty examples of the cars I like out there.
As an example, two years ago I needed to replace a car lost in a hurricane. I could have bought a new Mercedes E450 wagon. But Mercedes has ruined them with the "Outback" treatment and screens everywhere inside. So I bought a mint condition low-miles 2014 E350 wagon. Similarly, in 2020 I bought an absolutely mint example of a BMW 1-series convertible with a 6spd manual transmission. I could have bought a new 2-series, but they stopped making them with a stick and the older car is more fun to drive. That they are cheaper is a bonus - I am not driving something I don't like simply because it's new.
I bought a new car every other year for 16 years ending in 2019, including two new BMWs (still have one of them, a 2011 3-series wagon, another car no longer available in the US). No more, I am OUT. Currently own five paid-for cars in total spread across summer and winter homes between dailies and toys, I'm good.
Cars and trucks are way too expensive.
I’ve been buying used for the last 20 years.
Same. I always buy cars 2 to 3 years old with low miles. Save almost half off the original MSRP, and you still have some mnf. warranty left. I do avoid buying anything much older though, as you never know how well the previous owner was with oil changes, beating the shit out of the car when they drive it, etc.
In NY there is barely any supply.
Thomas, you should branch out a little bit and do some credit personal finance discussion videos.
$52K for a Dodge Hornet - almost identical Buick Envista ST OTD price is $28K.
There's also debt to income ratio....youre not getting a 100k loan on a McDonald's payroll...
Id rather order straight from the manufacturer and skip the dealer all together.
I have about $20k on equity in my current car, I would trade my car….but not in this market, with these greedy dealers and still too high APR
That ranger raptor has been there a long time.
Is it a crash or repricing to where the market should be going in the first place.
Even with inflation dealers and manufacturers
went way over board with prices proof of this, how many dealerships went out of business or got sold!
I normally buy a car every 1-2 years but now I have kept my current truck for 2.5 years and will keep it until it's paid off in 4 years 😂😂😂
Why trade out vehicles so often?
@thadlm2698 to get a better vehicle
I'm in a Honda lease with one year left. Can I get out of it and buy another car without getting hurt really bad?
I don't know where this is going to go. With the cost of housing and everything else, I think the party is over. I hope not, we'll see, 2025 could get ugly if people keep getting squeezed.
Really insane prices
The $10k mark up on the raptor is shameful, it's not even spectacular looking ,
I refuse to buy a new car today. No way in hell I am paying 80 - 100K for a normal truck. I purchased my 4x4 2012 Silverado off the lot in 2012 for 21K and of all places Anchorage, Ak. I still have it and will keep driving it. I keep care of it and do oil changes every 5k. It runs like new.. So, you can keep your overpriced crap.....
They’re doing better
on paper only & that paper isn’t $$$ just FLUFF aka NASDAQ
There are plenty of affordable sedans under $30,000. Quit buying big, high tech SUV’s and the car makers will make more affordable cars.
Kia/Hyundai are going to be fine, they didn't get too greedy..... I think GM is also fine, they have plenty of lower priced stock at least at our dealership and no dealer adds for the lower end vehicles.... But Ford, and Stellanis, good god, everyf ****ing thing...
Waiting for BOGO Deal 😊❤❤❤
50k rouges. 🤣🤣
The public are making twice and three times the money they use to make . All the cars will eventually sell , always have , always will. No big deal , but your whining is entertaining. People have always been buried. Yawn.. you will be saying this in 10 years , and we could have said it 10 years ago.
people are making 2-3 times more compared to just 4 years ago? what alternative universe do you live?
or a better question, what stealership do you work for?