Repossessions are Out of Control and Big Trouble is Coming Soon!

[@habsfan5750]

I have been watching Your channel for a long time. But Lately You are so whiny. Very Annoying.

[@AutoAuctionRebuilds]

Then maybe you should watch something else. You are literally on my channel whining about my video while complaining that I am whining…

[@MrJtaka40]

Shut yo a$$ up

[@kc0lif]

​@@AutoAuctionRebuilds🤦

[@LanceBerg-ep4ww]

Move along buddy

[@connorjensen3558]

​@@AutoAuctionRebuildslol

[@LamelKendrick]

adults are not just reading at 5th grade level these days, they're also managing their money at 5th grade level

[@seanfattireguythomas2994]

They are managing their money like the government

[@movieguy1985]

Live within your means people...zero sympathy for these people.

[@TruckCentral]

It’s pretty scary when people with good credit are willing to let their cars get repossessed.

[@AutoAuctionRebuilds]

Exactly!

[@C-loke78]

I think they should not have let the car lot talk them into a new vehicle knowing they can’t afford them

[@67judge]

I love ❤your rants Rrandy. They’re so informative and educational.

[@billstreber5194]

Well Randy, I know here in New York the banks will sell your repoed vehicle and whatever the balance is left the consumer is on the hook for it + if you own your own home or have anything like that they can attach it for the remainder of what is owed

[@PatrickRiendeau-m3v]

@@billstreber5194 Makes sense. I currently live in Canada and banks are taking a big hit. I just lost an auction bid on a mint 2023 BMW 900 motorcycle still under warranty. Bank loaned 14k and let it go for 7 300$ at auction. Crazy.

[@fasteddy917]

Forty five minutes well spent. You are absolutely correct about where the end of the repossession trail leads but you know that. Great video as always. Thank you.

[@pebear]

Maybe Co-Part ought to start charging Lot Rent after the vehicle goes through so many auctions that are refused by the banks. If the banks had to pay lot rent those cars would not sit for very long...

[@armorer94]

"Powered by Jesus" I could've sworn it was a 4 cylinder.

[@unknownvalor9755]

yesterday at auction there was a repo 2001 pt cruiser that probably had about 10k of custom work done on it. Paint, interior, engine, custom body, etc. It sold for 550$!!!!! runs and drives too! (only thing I notice was air bag light on, that's it)

[@AutoAuctionRebuilds]

I would have bought that lol

[@SweetCar]

I remember when those things were the craze back in the day. They were very quirky.

[@jasonsutherland8290]

Unless it is a early default the banks aren’t the ones taking the “L” here as they package up these loans and securitize them to other investors (think of the movie “The Big Short” and make it car loans rather than home loans). Also, I have zero sympathy for Santander as they are the largest sub-prime lender and are making up any losses but what they are making on the high interest performing loans.

[@thevacdude]

I remember when the housing market crashed in '08-'09. It was bad.

[@robertclubs9908]

Thanks again for your update.

[@Crawlspeedgames]

The new intro is awesome man!

[@larrywinemiller794]

I always used a mechanics stethiscope I carried in my auction stuff. I am sure you probably have one but you would look good under the hood of these cars using one. In the old days when I was buying tons of cars the stethiscope found what most people thought was rods knocking , to be fuel pumps , clutch fans, and many things that cost much less than fixing rod bearings.

[@fellikexitiscming-dj9hq]

you are so right, the person that signed the contract. All they saw was hey i can make so much payment right now, who care about tomorrow. They can just take it back. Banks should have subtracted the markup and gone we loan x. dealer well goes back to buyer no not paying that, but look we got your payment amount

[@jonesvaughn8946]

So is that why they don't allow code readers because they want most of those cars to sell and if people hooked those cars up to code readers and saw all the problems wrong with the cars they wouldn't buy them.

[@PHIGHTING___]

When i see the cars an trucks that have been trashed by pets it makes me sick.

[@rustybumperclassics6342]

Not able to bring a scan tool is total BS. Such a fukin scam.

[@semiretired86]

sin't this a re run?

[@Numba1Man]

I agree, this is getting out off hand

[@alijuman195]

You are 100% right

[@MiguelExploring]

Wow that Mercedes was nice there very reliable cars! The one from the ninety’s are they best because they last you forever

[@michaelcoffey7362]

Good video 😀

[@2003cobramustang]

Wow all the repos that’s crazy. Benz I’d walk away. Infinity is nice clean it up I’d drive it.

[@ismailwasiu4]

That KIA Truck looks nice though ❤

[@jonesvaughn8946]

And I think the Ford sport Trac back in the day started the whole SUV/truck combo craze.lol

[@donmynack]

You are still liable for the balance of the loan if it's repo'd, so you'd need to also declare bankruptcy or negotiate a settlement. Smart people find a tree and run the car into for an insurance and gap payout...allegedly.

[@mauricesharpe2748]

I could smell that Jeep through the screen. You got into it but snootily pooh pooh the Caddy without even opening the door.

[@SethHollingshead]

Thats why I waited to buy a new car in Feb of this yr. Prices dropped alot. I got Santander and never heard of em. My payments are high but I didn't get shit on my trade and I didn't push it. 1500 down essentially. And my 2015 escape non turbo was deff worth 9k with 125k miles and mint for its age but you only get good trade value on a car under 4-6yrs in a normal car that is. But stupid ppl buy 80k dollar chevy vehicles 3 to 4 yrs back.

[@Radb_100]

Another re upload video

[@davelwell1]

You hit the nail on the head. Loose the got to have it mentality, if it not a fair deal walk away

[@bizkit81]

Yeah no thanks!

[@Pilot_Kevin]

Hi, why you Play a old Video again??? Greads from germany

[@codyanderson6619]

In Australia the Santa Cruz would probably be classified as a Ute

[@tomm5936]

I came to say the same. It makes sense to me to use that term in the U.S. too.

[@xxxpensive1415]

Perfect time to cop

[@desert_garage76]

Sucks because car's are still high dollar. And with the price of new vehicles nowadays i actually don't mind paying 10 grand for a used car.

[@VincentVazzo]

You can blame consumers all you want, but you can punish the consumers for taking out unwise loans when you have to have a car in this country, or you can punish the banks for irresponsible lending. Only one of these will solve the problem longterm.

[@suprarace]

Don’t worry. Honduras and Ukraine and Mexico will bail them out.

[@DanKirchner5150]

redepressed

[@leifandersen2756]

One should think that a car buyer who would be. branded a bad loaner when he/she is in debt by the bank and end up in a register for bad loaners . Get a loan in the future will be almost impossible until the old loan has been payed off .

[@nathantatosian280]

Hi Randy

[@kc0lif]

mercedes looks nice

[@JustinClough76]

That’s a very generalized subjective rant when it comes to repos and why they’re happening. It basically boils down to the negative part of capitalism. With that said, there’s not another economy close to one ran within capitalism, but as with anything, leaks in it pop through and the culprit generally derives from greed and gluttony. But when done right, and as long as we stop bailing out someone for over selling and lending, then capitalism will allow the business to fail and the sun will still rise the next day with more businesses popping up utilizing capitalism correctly and not as a weapon.

[@RandomShan62]

So what would you call a Chevy el Camino or the ford ranchero? Since the bed isn’t separate from the cab.

[@darrenfox5883]

Gas MB sounding like a Diesel MB cannot be a good thing!

[@stephenbartram7377]

Banks=current day moneychangers Moving into backed by gold again soon

[@HaroldJackson]

You've got to pass the bill before you can read it! Sound familiar 😂

[@infamousjax]

Hoping to see another 2nd gen exploder come on the channel

[@miked3842]

Randy here in Wisconsin if someone bought that car it would cost $500.00 dollars to get that tint off for each window.

[@DeliverYouTruth]

It's not that hard to take off.

[@bigrandall1969]

The coins in the 300 is for the Laundromat…

[@JoshuaBrown-ue9th]

I think you should get the chrysler 300 looks awesome nice because it runs good great tinted windows but the windshield can't be tinted nether can be the front windows because it's a legal but windows are ok they just can't be two dark and white is a pretty color for a car and i half to say you make great content with cars and i hope you a great Halloween

[@rondallburgess6834]

2 words: Market Adjustment

[@rce59]

As mwm would say “you had a hipster in that Mercedes.

[@coruptfile3558]

Have these last two videos been re-uploads?

[@jgotthatsauc1528]

Do i need a dealer licence? i want to buy cars from copart fix them up and sell them(car flipping) as a hobby to make some extra cash!

[@denisonhwc]

Depends on which state you live in. you need to check on that, and then check to see if there are local restrictions (Zoning). In most places, iit is not as simple as it seems.

[@jgotthatsauc1528]

I live in Iowa​@@denisonhwc

[@nebka44]

Why not sell it for some money? Try to get some back Not just let the vehicle just sit there.

[@Bill-im6nt]

Makes the people look bad, so they would like to just forget about it.

[@fredearl5344]

Your to blame for signing the contract

[@peterkwok9608]

I like the Kia 😎😎👍👍

[@Gar3131]

I have been watching Your channel for a long time. But Lately some of your followers are so whiny. Very Annoying. ;)

[@bk_goatkim679]

It’s honestly insane…but that’s how our economics are at. Keep it up randy we love to the grind

[@franklinwilliams9872]

need american trucks and muscle cars for show, not these foreign rags! just my opinion

[@aleskyfinis1025]

Like

[@LamelKendrick]

pres djt will probably bail out the automanufacturers and disappoint everyone

[@marcodarko6941]

Oh yeah.. sort of like how obama bailed out g.m. and now all they make is junk.

[@snowblind.]

You say djt probably will, when Obama did. I voted for Trump. You can thank me later when you start enjoying prosperity again...

[@marcodarko6941]

That was my response how traitor #44 bailed out g.m. and now all they make is junk.. but it appears my comment is being shadowbanned for telling the truth. @snowblind.

[@LamelKendrick]

@@snowblind. yeha he's the better option for prosperity for the greater number of people...but if we're having a level headed discussion he will have some policy that will inevitbly disappoint a lot of people...kinda like warpspeed