Good job

Love from Kerala. Dayamn, you guys got BARsssssssss. The Hindi verses were super duper tooooooo!

I think people need to understand the full monthly cost of a car. That means, car payment plus insurance plus gas plus maintenance. So if you buy a car for 25000 total cost including interest and everything and keep it for 10 years it is 208 a month plus 250 for insurance and then depending on driving etc 200 on gas and 75 on maintenance (average some months nothing some months oil, some months tires and breaks). So it is really 700. Now if you only keep that 25k car for 5 years you increase the payment probably by 65% 333 or 813 a month. The reason it isn’t 100% is you will get more value back for your car as it will be less depreciated. But that is 25000 full cost with interest out the door. If you buy a 25k car then with interest it could be 5k more of interest while the person paying cash saved the 5k.

Cars are what keep people progressing much faster than they should, you start to make a little bit of money and think you need a nice car, so you spend crazy money on a liability that just goes down in value rapidly. I will never understand people who buy brand new cars, which then lose 20/30% of the value within the first hour of driving. That is utter insanity to me.

My car payment is $0.00 I saved and invested for 5 years for a $15k down payment (50% of the total price of the car) and then pulled the trigger on a 2 year old Infiniti Q60 3.0T. I cut back on my lifestyle and redirected my passive income to pay off the note in a little over a year. I could afford to buy more car, but I didn't want the debt.

Remember all of the stimmie checks? We shut down the country and stopped producing goods. Well, that is how you create inflation. Too much money is chasing too few goods. Prices went up on everything because people had the money. Higher interest rates are used by the Federal Reserve to remove excess money from circulation. The problem is that it hurts low income earners disproportionately more than higher earners. You have to think about your debt payments as a percentage of your annual income. A portion of your earnings should go to savings and investing. Investing produces a passive income that helps to offset the sting of inflation. Bad economic policy got us into this situation. Even if changes start today, it will take some time to have the effect we are hoping for. It's like trying to turn a massive ship sailing in the ocean. A lot of momentum is behind the status quo. The good news is that the pain of high interest rates is bringing inflation down. It's just very painful the meantime.

You gotta Pay to play I guess

The dealers do this to try to normalize high payments. You can very much get a $200 car payment; it depends on your down payment. Legitimate high payments tokens to be the result of people rolling negative equity into a loan on the newer car that they just have to have. And banks loaning over MSRP. People buying $419,000 cars are going to pay cash. They're not the type of people that finance these things.

Honda/Acura RSX 2006 46k miles 11k cash paid off. That over GR86 or GR Corolla both the dealership wanted to mark up 10-20k on top of msrp. Best decision of my life buying used and getting lucky finding a retired granny selling her baby RSX. Well cared for and will last the rest of my life 😂

Dodge products are an IQ test. If you bought one with a payment over $600 your IQ is the current room temperature.

I worked a lot of OT, did some T/A's (oil refinery folk know) and saved all the extra from those and paid cash for a 2018 dually. No payment at all. The crazy thing for me is when I hear people making $45K/year and paying $1,500/month on a car payment. Insanity.

i bought a mazda 3 2019 at start of 2020. thought i made terrible decision buying new. then unspecified virus of unknown origin hit. rates and prices went up following year. I couldnt even get it second hand for my new price anymore.

THats ME????

I rode a bike for a year, saved up,bought my 06 Mazda 3 with 60k miles in cash back in 2018. Still running. Avg yearly maintenance costs around $500. Probably my best financial decision ever.

2021 Toyota Tundra SR5 Crewmax...fully paid off.

Yall preaching fam, also what’s Blake’s channel???

These guys gotta have like a 12 month loan no money down 😂

Linus was probably paid big money not to tell the public about what honey was doing! He cares nothing about his viewers!

I made a single 10k car payment that was that i owned it after.

Love from Tripura

at that price if i wanted i figure i way to di y it myself if i wanted that bad

2019 Acura ILX Car payment = 0😊

Just saying. Tossing my 2 cents. I think these people should be buying RV instead. I mean look at some of these car payments or so. The payments are enough for rent.

Rather than paying for 5 years for a car, start saving when you dont need a car and buy your next car cash. Im 52 and never financed a car i pay cash and i have nice cars too! I recommend people open a brokerage account and just automatically have money transferred into it weekly or monthly on payday, even a little bit at first you can test out different amounts, but there is an amount that you wont miss too much and thats the number. Do that for your entire life really, you will eventually become your own bank, you need a car, you take it from your brokerage account. Just put it into snp500 type etfs they always do ok and pay way better on average than a savings account does!

Just want to point out that technically $800 is not the average US car payment. It is a little lower than that at $737/ month for new cars and $520/month for used (according to Experian's 3rd quarter report that came out last month). Cox Automotive/Moody's report pegged it slightly higher at $743/month as of Oct 2024 for new cars. So some of these people being featured in these shorts with car payments well into 4 figures are outliers. That said, these figures are partly masking how bad things have gotten as the average car loan length has also been creeping up.

I see they did not go ask the mechanics their car payment. 46 years old never had a car payment.

It’s probably car payment with insurance combined

Everyone wants a new vehicle and they are damn expensive. Some of those trucks go for $100k. We have 4 kids and a big dog, so we needed something to fit everyone. We got a 2015 Chrystler Town and Country. It was a year old, it cost around $25k. My wife drives a ways to work, so she drives a 2014 Ford Fiesta. I also have a 1995 300ZX TT. All cars are paid off. We are trying to be responsible with money...I'm sure these people paying these real high prices are the same ones complaining about price of eggs.

Homie hook up 90k on 35% pre approved 975 payments of 3k a month and your ford rangers yours 😅😂😅😂😅😂😅😂

Man, crazy times. I bought a brand new 2021 Honda Passport back in 2020 for $234/month and managed to pay it off in just two years. Dodged a bullet before prices/rates spiked.

Man you should do a review on the car loans for 30 years 😂

2018 Nissan Sentra no payment

Holy crap, the year BMW Z4 first came out (after the Z3), I saved up money to make sure my car payment wouldn't be so high. I think I was paying about $350 a month, which was highest I've paid for cars. When my daughter was born, I set aside my ego and sold all my toys and bought a sensible suv in cash.

I have two vehicles and both were paid for in full.

These are the same people calling others broke who are driving an "old car"

Try a special edition Ford F150 with a coyote engine that cost $70,000. Then add $15,000 in lift, bedliner , custom tires, and rims , sound system , and front and rear video to document any car accidents. The car notes $1000 a month plus don’t forget the insurance which is another $500 a month. So every month the car note all in is $1500 a month. The secret to that not hurting is making a six figure plus salary.

I think they lie about 900$ payments to normalize the high prices to customers, despicable

I pay 505 for 2 years on a 2012 Chevy Impala LTZ

mine is high as hell because i put 25 down, financed the rest on a brand new BRZ. 1450 a month but on a 12 month. not even a quarter of my salary so im good.

It's wild when they're like "why did I buy this?!" when nobody was making them.

my hope , our hope ❤

BANGTAN ❤

When they’re making 10-15 k a month. It isn’t that far fetched though

Rolled this one back just to watch ur facial expressions. I think ur only mistake is assuming these people could afford these things when they got it. Plenty of people going into 5-figure credit card debt for these luxury purchases. You may be surprised.

What you are not seeing since you are renting is ( Property taxes have increased, Insurance has doubled, Mainatence cost have doubled etc, etc)....

All creators on KZbin, Instagram, TikTok, Facebook, bloggers who have affiliate links. Stolen by honey. And Linus doesn't care.

Almost everywhere in the US, landlords can increase their rent by any percentage. Only a handful of places have any form of rent control at this point. Rent control in the past was shown to have very bad effects on the market, so the government leaves housing prices to the free market. But every market is different. My rent hasn’t gone up in 2 years.

Great reaction video. I’d rather keep my zero debt life private.

not every rich person will be like zuckerberg or buffet. There are rich people who do like expensive designer things- but they dont want to wear the stuff that inflencers wear. It's like a cat and mouse game. Truly rich people will fet their $900 beskpoke shoes made by a cobbler. It wont have a designer brand name - it would have the name of the person that made it.

i thinmk the idea is you'dd fill up the bags with empty boxes and then take phone outside the store or something. Pretending you're walking out of the store and going into your uberxl