BREAKING! Why Car Repos Are SPIKING And Banks Won't Sell Them!

[@lennypaccione8047]

121,000 for a 40,000 dollar truck. We have lost our damn minds....

[@joeshmoe629]

Only if you buy it

[@sunking2001]

That settles it...I'm hanging onto my 1980 YUGO! It's paid off!

[@newsyflow681]

Where are the new ford escorts for $12,000, new Honda Civic CX hatchback for $13,000, or a new Kia Rio hatchback for $14,000? Practical cars. Realistic vehicles that a person would actually want. High MPG, easy repairs, affordable, inexpensive to insure, nice vehicles.

[@markholubetz]

Yes these vendors have been eliminating these cars lately so not even options this leaving is spending more like 30-35k as a start

[@darrylboone4658]

They are around. You can buy a bare bones Toyota P/U in Thailand for 14k. The BYD SEAGULL is a fine quality EV that is a hot Chinese export car. You will have to buy in Mexico and smuggle it into the USA past our tariff walls

[@gmarks1559]

Lol, so many brokies drive around in pickup trucks 😂

[@markholubetz]

For sure. All about the show

[@Aikynbreusov]

Mexican brokies... illegal immigrant brokies.... we have millions of those in CA

[@keithdaniels5918]

What’s your point?

[@JesseMessage]

They live in houses too and go to work 😂🎉

[@koolxxxyear]

I have many young friends who have 2-4 kids, I know they can’t afford these new trucks but they bought them any way. Yes, for the first 6 months, they were keeping up with the Jones but they all have to turn them back into the dealers. The problem is, they don’t know how to budget!

[@lonewolftrading2]

always love the content. Informative.

[@danielsalach1234]

Banks cannot sell the cars for less than they have in them because it would be another big loss to them.

[@markholubetz]

That’s why they tend to hold.

[@onetonone562]

Okay hold for how long? it just doesn’t make sense honesty I think what’s going to happen is that there’s going to be some sore of government help to those holding the most in cars so no one going to lose but us again 😂

[@jwill540]

​@@onetonone562 yep privatize profit and socialize the losses.

[@user-zo6xg8bx4l]

When banks agree to finance cars for longer than 60 months (five years) VERY FEW of those cars are NOT going to end up being Repoed!!! They will almost always end of being worth less than what is owed on them.

[@markholubetz]

Cheers

[@johnhinant970]

And also consider the lack of quality assurance!

[@jimmulderig743]

Food, housing, car insurance all up.

[@markholubetz]

Yes everything is up and when people have to make a choice, usually the car goes first

[@gmarks1559]

The muppet boiler room car market is dead 😂

[@markholubetz]

Exactly

[@ernie8965]

85k for death wobbling 😂

[@markholubetz]

It’s a standard factory option

[@adamwilling2457]

I live within my means, unlike most people. I stick with economy cars that I can pay for all at once. I don't have to worry about my car being repoed. I got a 2008 Toyota Matrix Xr with about 228,000 miles on it. It runs and drives good. I'm not going to waste money making high interest payments on a depreciating asset.

[@allpraisewebb1142]

For 80k im getting a luxury vehicle not a damn jeep! 😂😂

[@markholubetz]

Same

[@AustinTA-cd9rs]

$85K for a Wrangler Rubicon? I’d rather spend $85k on a Mercedes or BMW. That’s pure insanity.

[@bassw1758]

A Wrangler was 25k in 07,

[@markholubetz]

Yes it used to be worth it

[@markholubetz]

Scams these days and it should be no surprise why Stellantis is in the shape they are

[@JesseMessage]

​@@bassw1758 2012*

[@RolandAdams-h4m]

Imagine a 2023 Q50RS with 13,000 miles for $43,000 plus taxes ... it sold new back then for $63,000 plus tax. Someone lost way over $20,000 in about two years and 13,000 miles driven. Nice car regardless 🙂

[@jamesharmon2207]

I DON'T FELL SORRY FOR CAR DEALERSHIP,S AND BANKS BECAUSE THEY ARE BOTH GREEDY AS HELL AND WHEN BIG Businesses gets greedy they go under ,,,,😮😮😮😮

[@gordiasgordian925]

I didn't know you had another channel. Not sure what this one is about but I subscribed anyway.

[@markholubetz]

Awesome and thank you very much. Welcome. This one is about the financial side of the car business with some how to and buying tips to get a decent deal. Thanks so much.

[@randallc6232]

how do you find repo cars for sale

[@frankiebflat5728]

no money how do they think that we can buy a 80,000 new truck!

[@markholubetz]

Yes where is the money supposed to come from?

[@earlpainter2143]

The 6 cyl engine in the Ram is called the Hurricane??😄

[@markholubetz]

The new turbo Inline 6 is , yes. The old V6 is not, that’s more or less a Pentastar

[@phiberoptik232]

My head hurts.

[@johnhinant970]

Repo apocalypse!

[@markholubetz]

Yes

[@morningsalute03]

Poor repo cars... they are just abused and 0 maintenance.

[@markholubetz]

Yes generally the result

[@timkis64]

its ok.the floorplan companies will be happy to assist these dealers "sell" their unsellable junk.

[@markholubetz]

Yes they will and that’s some hard days for the dealer GMs

[@this_time_imperfect]

Trucks come in High Definition now? What a time to be alive.

[@markholubetz]

Haha

[@Chicago48]

These are all Chrysler products.

[@subaruamazon]

mark. adm's. 8 percent rates. lower trim models eliminated. oems jacking the price of cars up. What do you expect?

[@markholubetz]

I totally expect this. Most of these OEMs are delirious

[@HalfBackCrack]

Poor wyties trying to look rich are really bad at paying their bills.

[@Vincent-ke5zn]

I'm keeping my Ford Focus ,it's economical and reliable and paid for in full

[@markholubetz]

If a car is payment free, it’s a win

[@Vincent-ke5zn]

@markholubetz exactly my thoughts Mark, thank you for your reply 🙏

[@BC3485]

I bought a 24 Jetta SEL in march just outside of chicago for $27,300 sticker was $31,800. All my friends said I need awd, suv because chicago winters and my dogs. The dogs fit in the car and I grew up driving FWD in the snow. I like my low payment and $91 a month full coverage state farm. I have a secured government job, but I dont need to be car poor. I wanted a camry but insurance was $150 month and toyota wouldnt budge on price.

[@bassw1758]

You don't need all-wheel drive, if you have good tires, shovel in the trunk just in case you happen to get stuck.

[@markholubetz]

Sounds like a solid buy and managed to keep the cost down which is a huge win

[@markholubetz]

Indeed

[@markmccormack1796]

I'm sure only the small banks feel the burn. The big banks just raise fees on their customers.

[@markholubetz]

Yes it’s always landing on the little guy

[@jeffreycheng5984]

What happened to the Sherman Antitrust Act?

[@markholubetz]

It sure feels like a bit of a monopoly

[@bobjohnston5527]

Why don't the bank take out the payment from people bank account when they buy them from the dealership. TD Toronto Dominion Bank take the payment out from people bank account

[@jeffreybischoff6772]

Not sure about Canada, but TD Bank's TD Auto Finance in the US, is indirect lending. I had a stealership financing my current vehicle (paid off now) with TD Finance. The stealerships have to apply to TD Finance, I couldn't apply direct.

[@earlpainter2143]

Deckles.

[@markholubetz]

Haha yes

[@bassw1758]

😂 that's what happens you're running elections like you're in Venezuela

[@markholubetz]

Haha

[@danferguson2724]

A new pres will save us. He said so. hahahahaha

[@markholubetz]

Well….

[@lot2196]

He didn't get us in the mess like the last moron. ha ha ha ha

[@albertsmith1842]

Crackhead prices

[@Aikynbreusov]

Hahaha....baloney.... Save $18,000 from a $40,000 overpriced JEEP still leaves the dealer with $22,000 profit out of thin air...and push the buyer into debt...

[@markholubetz]

Buyer gets the short end….again