CRAZY PRICES At Car Auction! Dealers IN SERIOUS TROUBLE!
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- Опубликовано: 21 мар 2024
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CRAZY PRICES At Car Auction! Dealers IN SERIOUS TROUBLE!
In this video I show you what dealers are paying for their cars at auction.
My name is Brandon and I am a used car dealer. I created Car Questions Answered to share the ins and outs of the used car market from my perspective. I share with you updates on car prices, what's happening at the dealer auctions, and what it's like being a dealer. My goal is to share information to help you make the best decisions while buying a car to save you money. I do not want car dealers taking advantage of you.
Thanks for watching and please feel free to leave any comments you may have in the section below!
And make sure you don't forget to LIKE, SHARE AND SUBSCRIBE FOR MORE!!
*None of this is meant to be construed as financial advice, it's for entertainment purposes only.
#UsedCarMarket #CarPrices #carmarket #usedcarprices 
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13k for an suv with 200k miles is nuts
Especially with a fat person driving it.
It's just the area they in but yes that's crazy
Back in the day when your car had 200,000 miles you gave it to someone like a friend or a cousin because it wasn't worth anything
I agree...(the famous) but. it is a Toyota. If it's nice in/out, and service record (Oil,Oil,Oil) changes done, it should run 300k-500k. Especially if you can take care of a few small things yourself... it may be worth $13k. JMHO --gary
Sellers think it's worth 20k!!😅😅😅😅
They needed $37,000 and couldn’t get $25,000? Someone’s taking a bath.
😅
$37k is a pipe dream on that XT6. I've seen similar mileage retail for less in my area and sit for months.
Auctioneer started at $45k. MF thinking he going to get an $8k premium at auction? Whoever is the manager of that dealership is clearly a MBA with zero experience in any *applied* field.
I remember when houses cost the price of todays trucks
You can get a reasonable house for,less than the upper time / loaded trucks
Gas was 25 cents a gallon and a candy bar was a dime.
I paid $30K in 94 for my home on .75 Ac.....I cant fathom paying more for anything.
It is called inflation.
I have, and will continue to, refrain from purchasing any new vehicle that costs more than our three bedroom ranch style on two acres of land....Just ain't going to happen.
If my buddy’s experience with his 5 series is any indication, that 7 series was probably in good condition because it spent more time at the dealership having repair work done than it did with someone inside it driving around.
If the inside is thrashed, you know they didn't take care of the maintenance. I only buy used cars That Have well maintained interiors.
The other tell is brake dust on the wheels, often to the point that the wheels get corroded. Avoid those cars because they were probably rarely washed or maintained.
And don't get me started on mods...
@hahamasala Wranglers are a good example of vehicles with "mods"... usually way too many of them. No lift kits, no changed out bumpers, no after-market fender flares, etc.
My car is not detailed, and yet I was a mechanic so she is pristine mechanically. I’ve experienced the opposite usually I’ve come across mechanical wrecks where the owners invested more in tire shine n amorall than maintenance
Its a real piece of crap that car. the inside is foul. the battery will be screwed as well, the old hybrids never get their batteries changed, its only worth 2k tops
@@mikythesaint6507 May be maybe not.
The BMW's FIRST owner loves the car. The SECOND owner defers maintenance like he's allergic to it. If it had 11 years of perfect records, it wouldn't be at auction.
That's most people who buy German and british luxury cars second hand unfortunately.
BMW = Broke My Wallet
Plastic water pumps.
@@wawalker1Boss Money Waster
Oil leaks galore after 50,000 miles
When are these reduced prices going to make it to the consumer? Seems prices as just as high as ever.
They are way down, but you have to fight for lower prices, they are not lowering the window price.
The host of this site buys low and sells high. His markup is between 40 to 60 percent profit margin.
@@flycatchful Gross profit margin, not net.
@@michaelvanhorn3271 OK, I stand corrected.
They are hoping there are still morons that'll pay sticker. There are. But ever fewer in number cause most have negative equity now
I have noticed that CL is back to normal priced cars again. Been a few years now.
What is your rationale ?
Where? Where do you live?
@@danc9440 the Federal Reserve Note is worthless. The car, housing, and banking industries will crash as a result. Cars being sold on foreclosure will increase. When dealers start being liquidated as a result of bankruptcy, new cars liquidations will set the auction price . He who has gold and silver will be the buyers when the crash hits.
@@jasondavis1502
Great conspiracy Theories there
And we’ve been hearing about the impending crash for going on two years now
Whoever is asking $37K for the Cadillac is suffering from wishful thinking. Try closer to $20k.
That BMW had weather tech floor mats …any time you see those and or nice Michelin tires you know the owner took care of a car
Excellent observation now you should inspect the undercarriage for rust.
I like the editing you do with your Videos. You show the car than you switch it back to the auction then back outside. That’s a great way to do it, very crafty!
You know the diff between a BMW & a porcupine? Pricks on the outside of the porcupine
90% of guys that get a vette for his image , NEEDS ONE !!!!😂😂😂😂😂😂
I would really enjoy if while your checking out the car you say what you would like to pay for it and then see what it goes for at auction. Just a thought.
That Cadillac at the end was a good indicator of the market. Some dealers trying to get what they likely paid for the vehicle on trade and everyone in the room knowing it isn't worth the squeeze with a low margin. I'm now on week two of negotiating with a dealer to what i think is a fair price for a Jeep Grand Cherokee L and they keep threatening that they will just auction the vehicle off for the price they want me to pay and think is fair. Good luck...
Good for you. Stick to your price.
The demand for what your haggling over is low and the dealer is aware of that. Do yourself a favor and make him a firm offer out the door. If we refuses move on and find a dealer who will accept your offer.
#1 rule in bargaining...don't be afraid to walk away. You have the $'s and they want them. You have all the power in that scenario.
80 degrees? It's snowing here in NY, I think I hate you now, lol.
Hate me too. 77 and sunny here N. of Phoenix, AZ. (I'll be jealous of you in July.)
My sister-in-law has driven Subaru's for years. Never owned a dog though. She's a cat lady 😺😺
In more ways than one I assume
i think i felt the auctioneer laughing when he started on the buick at 45K. (i dont think were selling this today, but were doing it anyway) and it only ended in failure.
Who is getting a refund large enough for a car? lol. I get shafted every year with “here’s 50 bucks”.
Dumb people who give the government an interest free loan every year.
At least you dont owe.. the last 3-4 years I've ended up owing an additional $300-500. Single, no dependents, renter. I get shafted lol.
You were not getting shafted, that means your estimated total tax withholdings is accurate
People with children. They get about 4k a child plus daycare refunded.
No, your are not getting shafted. If that is all you are getting back, then you are filing your taxes better than most and not making the government your savings account. You don't want to be getting back large refunds of your own money. In general, that is not some Extra Money most of these folks are getting but their own money they delayed receipt of because they took too many withholding. That situation results in the government basically acting as a temporary savings account - that pays no interest - until these folks file their taxes to reclaim the money they overpaid. They overpay their taxes in order to get that big tax refund back at the end of the year. I used to do that years ago, too, but intentionally because I knew if I had my entire check I'd spend it. It was a sort of forced savings, but to do that means forfeiting the usage of that money, too - and the loss of any interest it could earn, or the reduction of interest I might pay on debt because I didn't have that money in hand.
Most situations, aside from families who may receive earned income credits due to children, as well as home owners receiving credit back due to mortgage payments, etc. should not result in your receiving big tax returns if you file correctly. There is a lot to be said for having use of your money all year vs needing to wait until the end of the year to reclaim it.
I have a 2017 Subaru, no DOG! 😂 it’s been good to me, I’ve put 192K miles on it. Runs good, most highway miles
Hello Brandon , thanks for taking us along. I am still waiting for prices to come down before I buy. Prices are insane at the dealers!
Let’s go Brandon! For real though.
@@huemann7637I know he has so much power
Let's just hope he doesn't tell everybody to off themselves😮
@@huemann7637 🤣👏
I drive a 2012 Prius with 151k miles which still feels new. Super reliable. Nothing but tires and maintenance required. If you need reliable for cheap, get a Prius.
I am surprised you have not encountered a head gasket issues. That generation is notorious for needing those replaced. I was very interested in a Prius, and had all but locked in a 2007 with about 85k for $7,000, but noticed an occasional sort of faint 'bark' when I would press the brakes. I did some research, and quickly discovered that was the start of an expensive ABS repair - like $3,500-5,000. The dash was already going out, and while I was willing to take on $1,000 for that repair, the brakes going put the cost of the car above its value. Plus, there was another faint odd noise that I think may have been the brake booster - which could have cost $2,000-3,000. The battery had been replaced already, and the replacement had a warranty that needed to be paid each month, but didn't have a lot of pep. The catalytic converter had also already been stolen and replaced. Who knows what other repair was on the wings? The car was in great condition inside and out, too, but was going to be an arm and leg to keep running. I was super interested in the Prius, and I'd heard great things about them, but to buy a car only to immediately begin a number of expensive repairs turned me off to it. I am still very curious about them, but I think I would need to learn how to do a number of these repairs on my own to be able to afford one - and I'm not mechanically inclined. :/
Your brake repair estimates are way out of line. A brake booster is not that expensive and ABS will not keep it from stopping. Someone got a good car which will probably go another 150,000 with all in cost of 7,000 + $3,000 if repaired by the right mechanic.@@CarolinaCarolina-ph9mx
Cheap is a relative term. I’ve looked and it seems like you’re in 30k+ now for a entry Prius.
Mine is a 2015 with 215k. No major issues. Only basic stuff like brakes and wheel bearings. Still gets around 45+ mpg avg
@@CarolinaCarolina-ph9mxyou dodged a bullet. The payback on gas savings is 14 years. Of course it might not last 14 years without another battery. I bought a Honda Civic instead
I have a BMW 5-series. It is garage kept and I love it. It just glides down the road. Haven't had a lot of problems with it. *knocks on wood*
The most expensive German car is a used German car
I was told the most expensive car you can own is a cheap Mercedes.
I purchased a used 2002 SLK 320 with 139K on the odometer. That was 6 years ago and I paid $3100 dollars for it. Since than I have replaced the; water pump, battery, tires and serpentine belt. I would say that is not bad for a car that is 22 years old.
Subaru and dog hair! LOL!
Don't forget that the chick that drives it wears sunglasses and has her ponytail out the back of her ball cap !!!!!😂😂😂😂😂
Got spanked on a low mileage 2003 Suburban in 2021 paying about 44% over book. How times have changed.
That subaru was definitely in a previous accident
Agree. Paint didn't match on the right fender. Plus, I'm guessing it was driven by a serious tailgater, lol.
@@jerryjeromehawkins1712 im thinking all the chips in the paint are from poor prep work on the respray.
I wonder how many of these cars will be repo'd and run through the auction again within 12 months.
We appreciate the way you put your LIFE on the line to bring us these life-saving videos 😂🤣😂🤣😂🤣😂🤣😂🤣
He just have to put gloves and mask 😂
Oh you’re building up your immune system.
1:37 lmfao you’re dead on, I own that same green hybrid Subaru and can confirm there is dog hair inside
Anyone else catch that Pontiac G8 GT in the beginning? ..Wonder what that went for. . . 👀
That was a 328i. You can tell by the exhaust. Dual exhaust on one side = 328i. Single exhaust on one side = 320i. Dual exhaust - 335i.
My friend has a Kia, I feel my credit score goes down when I'm in it! What does Kia mean? Korea in America!
Now that's fuckin funny 😂😂😂😂😂😂😂
DON'T touch one of those. I'm still fighting to get them to replace the recalled engine in mine. I loved the thing-when it ran.
Why start at 45K when you need 37k? Figure the system should be designed to bid up. Guess the market is correcting a bit….
No such thing as a bad decision, just a learning experience!!!! 😉
Prices still remain high. Been looking to buy an older (2010-2014) Ford Expedition with 100k ish miles. Good truck with plenty of life left at that mileage and age, but plan on doing work to it. Theres risk and a likely will need to invest money into a vehicle with with 100k+ miles, so I look for a deal. But the prices remain high... And they sit on dealer lots for months and months. I don't get it.
I’m looking for the same thing, 2012-2014ish. Same boat. Prices still too high.
Agree, same here, been looking for a couple of months for a reliable used car and prices are OFF THE CHARTS here in Florida~
Same. Cars and suvs are high, but the price of trucks is straight robbery. 20 years old and more than 200k miles and you see people asking $12.5k and above. What is the matter with these people?
I think these action videos you’re making are really cool! I think you’re gonna really gain traction and get a lot of views! You do a really good job with them!
Chips and dings as well as bugs in the rad are a sign of highway miles. Worn brake pedals and seat belts are a sign of city miles.
What’s better highway miles or city miles
@gdbrojus Highway mileage are better
@@geppajibo9365 thanks
I love the live actions. Keep it rolling brotha!
Love the fact that you go into more detail with the auction info
Thanks!
80 degrees?? Only 74 here in Hawaii
Really appreciated your videos with what's really going on in the car market right now and thanks for your advices too!😊
Thanks again for your update.
That 14 year old, 200k 4Runner looks phenomenal! Wow. For the age and mileage.
edit: lately I have noticed youtube has been deleting civil/friendly replies to my comments. I get a notification of the reply and I am able to read a portion of the reply, however when I go to read message reply in my inbox it is gone.. when I go to thread to read the reply from my comment there it is gone as well.
If you have sent a civil/friendly reply and I have not responded back to you, I am not ignoring you.. this seems to be another one of youtube's social (from the narcissistic/borderlines running alphabet inc.) engineering tactics to further divide and conquer, drive people apart and away from each other, keep people from communicating.
So does my 2002 Mercedes SLK 320.
Right on.. the majority of people usually take very good of a car like that.
But most 4Runners and four wheel drive vehicles are often driven into the ground, especially a 14 year old one. This one here in the video seems to have been well used in all of its 14 years but also well cared for in the process and has held up fairly well other than the minor cosmetic scuffs and blemishes. Paint and body overall looks pretty good and it doesn't appear to have any sort of rust anywhere. With my car, for it's age and mileage it does show some minor blemishes and I don't mind that used look it has.. but it does still show quite well for an old Toyota almost half the age of this one shown here.
I prefer to keep a car nice, clean and well maintained but it isn't always easy to keep it absolutely pristine all the time and I have had to come to terms with that when I drove a brand new car several years back.. not so pleasant things are going to happen that will negatively affect the appearance.@@flycatchful
that Prius will give you the coof
I'm keeping my 2000 Toyota sienna van. 216 thousand miles runs like a peach. Chips and dings, but it's all personality 😊
I’ve been using a 70 mai dash cam now for about two years and I absolutely love it. I was able to route the wires in a good way so I wouldn’t see them. I love the app. It constantly gets updates consistently. Overall, a very good dash cam!
Thx sir , good video
Really appreciate these videos! do or have you ever seen a car out of your ususl price range that was too cheap not to get?
That Subaru is probably a $10,000 car in California.
Subscribed!! Thank you for your sacrifice in climbing through dirty cars for our educational benefit.
Much appreciated!
@@carquestionsanswered- where are you located and is that the auction house in Kenly?
❤ I really like videos like this; Quicken and to the point;😊 that's how I process my information.
An xt6 2020 premium by me with 29k miles is on sale for 30k that seller was insane.
Happy Friday Brandon 🌞🤩🌟☀️💥
Subaru hybrid?? No way, Jose. Hybrid has to be Toyota.
Searching for words great video. North Carolina, proud 👊
Grace Quality Cars up here in taxachusetts repaints fleet vehicles that they flip. Ex police vehicles like crown vics, ford explorers and chargers that look brand new because they did bodywork and a quick paintjob that they do on site in one of the mechanics bays. Nothing like a vacuum and new paint to make something look new. They are running a special buy here pay here for 129 down and 129 to finance no matter what your credit situation. What they don't put in the ad is that it's 129 per week not per month. They say after three years you own it. That is over 18 grand and that doesn't count the interest, fees and monthly insurance.
Hahaha....You could die from the germs....So hilarious! For this reason, I liked and subscribed to make you feel better. Please keep up with awesome vid.
First I want to compliment you on these videos, they are really informative and entertaining and have continously gotten better. I want to ask a question in regards to manual cars, how often do you see them in the auctions you go to?, and are they priced less expensively?
It would be interesting to have you explain the mechanics of a dealer auction car purchase, especially how dealers take financial possession. Check? Cash? Floorplan finance procedure? Transportation as well.
A been watching your channel for a while now!! You bring alot of new information that has really brought a lot of insight to the auto industry - TY!
Buy- I am always shocked at what some people pay for cars going through the auction- in fact I would not even consider paying what some of these auctions are costing! Totally shocked
17:00 *Cheering for the faithfulness of the tract man.* Well done and long may you prosper!
A neighbor friend had a van with captain chairs in the middle and the back! It was a really nice van!!!
The reason that the hood on that green Subaru is all rock chipped up is because it was replaced and not prepped properly before it was painted
Back in the Day I Drove a Roll Back for heavy Equipment for Fun I would Get the Front Tires of the Truck to Come off the Ground and stay like that I was Young ...Looked Cool
Keep up with these types of videos.
Enjoyed video neat to see what dealers pay for vehicles.
Enjoy your videos
That Pontiac G8 GT at the beginning was the only vehicle I'd have been interested in.
Wish they'd sell the '59 Cadillac! Beautiful classic!
BMW = Big Money Wasted. An old timer said this to me many years ago and it's stuck with me for some reason.
I've heard that the maintenance / repair costs for them are insane.
Would love to see the cars you bid on and what you pay for them. Think it would be interesting
80 degrees is not hot partner lol, come to Texas to cook! Love the channel brother.
It's hot for March
8 days ago we had 12-24" of snow in New England, perspective my man perspective.
Like the auctions !
I like that you are writing the bidding that is happening, it is sometimes difficult to understand where the bid is.
nice to see some hybrids! My 05 Prius looks identical to the one shown here. Runs like a dream gets oil changes every 6 months
Cloth interiors make my skin crawl.
That Subaru looked very tired.
Hood on the Suburu looked like it was repainted.
Hold on, that Subaru with the dog hair sold for $3,000?! Looks like I gotta start breeding some car-loving canines! But seriously, those crazy auction prices are wild! Thanks for taking us along for the ride, Brandon
Look at the Toyota Sienna for your kid-hauler. Some of the rear seats recline and everything, if you get the right options they're really plush. But, I know, mini-van. If you can get past that they really are cruisers, plus Toyota, so it's gonna last forever.
14:32 the row of non running Sonata’s behind you with the 2.4 Theta with blown motors/bad hybrid system says volumes 😅
You made me laugh twice in the first 2 minutes of the video!😂😂😂
My 2001 Outback looks like new inside, no dog, 190,900 miles. Slight knock when cold, runs perfectly fine until Summer, over heats when 100F outside. Head gaskets not perfect.🤷♀️
What does the auction house charge? Is it a flat rate or percentage of the final bid.
I appreciate your sense of humor, lol.
Hey Brandon, the paint on the Prius is called orange peel, it's caused by to much thinner in the paint
That was a bit over the top at 4:05 🤣🤣
Gave the like a double tap like for the skin/chair contact ;)
Not sure what it was but I liked this video better than some others. Good editing and cut to scenes maybe?
When are you coming to STATE LINE AUTO AUCTION in WAVERLY NEW YORK to do a video???
I had a 2005 Prius. 316K miles had to let it go. Abs and headlight ballast went bad and needed new traction battery. Repairs was way beyond car value.
Thanks to 70mai for sponsoring!! FYI the discount code is not accepted with the spring sale, so it doesn't stack 15% on top of the 25% sale to get 40%.
Someone is delusional with that XT6. Did a quick look in my area. A 2021 AWD luxury with 25k miles is going for $34k. Even that has been sitting on the lot for months.....good luck
2005 prius with 200k miles?.. yeah that would 50 bucks, which might be 50 bucks too much
no but I would expect a teen to scrape $500 to get their first car off a local but then I would expect the auction to go for $400 so they could sell it for $1000 Anything you can legally drive and get a 30 day warranty is worth a $1000 in this day and age. But yeah if money has to go into it before the sale, I dont know who buys that off a lot for 1800
2017 kia sedona SEL. amazing back seats with first class style reclining. Find the models that do not have the middle seat in the second row. So much room... give it a look.
I can't believe you didn't think to just check the door frame sticker for the model.
I've seen a few Mini Coopers on the auction lots in the background. Curious to see how those fare at auction.
4 runners great trucks, keep value and reliability.💯
Not wrong, but when buying used you still don't know how it's been treated or maintained. The prices of used vehicles, Toyota or what have you, should reflect the risk involved in buying it. Anyone who buys anything for the prices you see currently (at least in my area) doesn't value their money at all.