Car Dealers Are SCREAMING The ECONOMY IS COLLAPSING!

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Cars I'm selling through CarEdge - caredge.com/cqa
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.

[@carquestionsanswered]

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[@johnhammond7407]

Where are you located

[@DustinDoesMortgage]

If you could find the data, it would be interesting to see a video on if dealers are becoming distressed from their floor plan costs. is there Any data on dealership financials and default rates. I wonder what that would do to the car market if many dealers became insolvent at the same time..

[@wildwild9926]

I'm very thankful that you are sharing all this information. I'm done paying for all the add on fee that the dealer that adds to the vehicle that you are buying. I have been told that I didn't have a choice. That is a big lie. I went to buy a new Ford F-150, and the add-on fees at the time were almost 15,000.00. This is crazy 🤪. Thank you, I think that you are a hell of a guy.

[@3242drop]

Just an FYI. If the establishment is in power then the TV isn’t allowed to say anything counter narrative. If the orange man were in power we would be living through the great depression 2.0. I don’t care about politics, but as fiat currency follows its 100 year arc expect things to get much worse. Much love Brandon, ur channel is great.

[@Squatchygal]

@@johnhammond7407I was about to ask same thing. I’m in the market.

[@BrianNC81]

Getting denied for financing may be a blessing in disguise.

[@GEORGIABOY23]

My credit is so bad it carries a gun so I don’t even have to ask the bank😂

[@billp4]

Used to happen all the time back in the 70s.

[@Kevin-mk6jo]

What is financing?

[@FEDERAL_AID_RACING]

@@Kevin-mk6joFinancing is a slavery contract to sign away your monetary freedom for a set amount of months.

[@billp4]

@@Kevin-mk6jo A loan. They don't want to mess with getting a loan for you.

[@kylesmith4802]

These car dealers that were selling over MSRP need to go out of business and I hope they do.

[@toulee3551]

What ones didn't lol

[@Jordan__Sloan]

Problem is, they get bought up by a even bigger dealer, so it hurts your local economy

[@beefnacos6258]

Ya but they aren't anymore

[@edwinmontero3843]

I don’t feel sorry for any car dealership, used or new, in Florida. They sold several crappy cars, had historical record profits, and ripped off people who probably needed a car to go to work to put food on their family table… how about that?

[@rustynut1967]

Don't lump me in with the rest. We go through all of our cars and fix any mechanical problems and sell well below others and provide a carfax. I personally don't buy or sell anything I wouldn't sell to a friend or family member. There are a lot of dirtbags in the business and it's not easy for us to compete with their prices when they put junk out to sell.

[@kandiloois2881]

😂😂😂😂

[@marsha58]

Saw where a guy bought a car. Wasn’t running right and took it to the shop. Mechanic put it on the lift and it had thrown a rod and they had duct taped the massive hole in the block.

[@LVang152]

Toyota recalled the new tundra and Lexus vehicle for the new😊 engine.

[@PopeyeSailor-wz7ew]

😂 ​@@marsha58

[@rocinblues]

If dealers are whining, give them a mirror.

[@rasalghul1875]

Don't forget a bailout as well to keep them ultra rich and in business

[@kwmedia1]

They'll just snort coke off it

[@joewalters2259]

Last vehicle we bought came down to $500 that the dealer was adamant about not giving up. The sales manager said “I can’t believe you’re going to let that amount stop you from having a new vehicle” which I replied “I can’t believe you’re going to let this dealership lose a new car sale over $500.” We got the amount removed but the arrogance and greed of dealerships is on another level now.

[@travislessly6804]

Good reply

[@trauma50disaster1]

to be fair that's not new, I think I heard that phrase 35 years ago...

[@randymertens1384]

It isn't just the price of a car, but the rising cost of insurance and taxes.

[@freeheeler09]

Same with homes. Our home is paid off. But insurance and taxes are through the roof!

[@davidjoe3368]

Don'r forget the inevitable and very high repair costs that a used car will also come with!

[@EfieldHfield_377]

1000 percent. The cost of insurance is an absolute money grab. Time for a change

[@ratherrapid]

Car insurance is the biggest scam out there

[@goyam2981]

Greed is gonna bring down everyone...

[@GerryMatestic-bw2zi]

Nobody has any sympathy for those greedy bastards.(car dealerships).....especially used car dealerships....

[@Haya12234]

@@GerryMatestic-bw2zi new car dealers selling cars way over msrp are greddy, too

[@timmellow1353]

*stealerships

[@etanneriii]

​@@Haya12234report them to the auto maker and they will pull their car off that lot.

[@Kevin-mk6jo]

Or the idiots that bought cars and drowning on payment and valuation. If you didn't need a car and you bought one... enjoy the pain.

[@churchofpos2279]

Local car dealer is trying to sell a used truck for 300 over the Kelley Blue Book. The only way I would pay for that if it was in pristine condition, which it is not. I let the dealer l to let me know, if he decides to drop the price and I would pay cash. Still waiting.

[@saleens330]

Banks should have never loaned over 100% value. That was their idiotic mistake. Second was the idiots that paid $70K on a $40k vehicle. They both need to live with the consequences.

[@MrDuncl]

Here in the U.K. Northern Rock offered 125% mortgages. That ended with them having the first run on a bank since the 19th Century.

[@AnimationByDylan]

The “idiots” will simply declare bankruptcy. Nothing new for them.

[@kwmedia1]

​@MrDuncl that's sounds like a premonition for us

[@mr2staci]

Truth. Hard to feel bad for someone's poor choice

[@NorthN2TheEast]

That's what caused the gfc. Approving dead people for mortgages

[@luckymanindeed]

The problem with the car market is not the economy. The problem with the car market is they are TOO expensive and in many cases TOO unreliable.

[@DanGilliland-pi4vh]

Yes, they are grossly overpriced. And absolute pis poor quality in all areas ,too much tech and electrical issues that arise not long after the warranty period that will cost many thousands of dollars to repair. It's designed to be disposable after 6-7 years .no thanks o.e.m.s can keep them .we will maintain what we have thats paid for.

[@charlesbyrneShowComments4all]

Agreed. If they would provide a 20 year warranty on everything, free tires and annual service for the same price I'd consider, but these are depreciating assets and I still wouldn't trust them to honor their warranty.

[@tomdavis8757]

Yet for all the complaining, they sell base model Corolla’s. But we are too good for that. We need a huge SUV or truck to go to work and back

[@Squatchygal]

True! I had a 2023 Hyundai Elantra and the lights stayed on it. I got rid of it. Bought it new off the lot. Can’t trust.

[@ycoyle2803]

I’m waiting to see who the quality companies are in the next couple of years.

[@eddym5532]

They raised 90% on car prices, and now lowering 20% still 70% raise...

[@chrismiller755]

Exactly

[@jasonreyes5872]

Need to check your math on this. People need to understand percentages more. Just use a base of 100 to make things easier. Increasing 100 by 90% brings it to 190. Taking 20% off 190 brings it to 152. This would make it 52% higher than the original 100, not 70%. Misunderstanding something as simple as this is scary lol.

[@woodendoors9532]

Math is hard

[@rotart12arx3]

Over how many years did prices go up 90 percent?

[@ScottishTerrorsInLA]

@@jasonreyes5872 You must not interface with the general public. Probably 90% of people or more can’t do what you just did or understand it when they see someone else do it. I’m sure it will all be fine though

[@crazyspartan2991]

I'm glad the banks are tightening up. There's so many people making stupid moves like paying 60, 70, and 80k for vehicles. All those sheeple are making those stupid moves, letting manufacturers take advantage of them. Proof that we're more about getting what we want no matter how bad it'll hurt us

[@dalewhite5152]

I swear the American people have been made dumber than a rock to capitalize like hell on

[@tomdavis8757]

Look at all the Hellcats in the hood getting repoed

[@spiritedgarage]

Dealerships and Manufacturers need to be told that there wont be any bankruptcy bailouts for them this time around.

[@PopeyeSailor-wz7ew]

Bingo! They get a win fall in good times and bailouts in hard times. They can't lose. And the big guys are buying all the little guys. Less competition equals higher prices.

[@CJ3228]

Just came from a Ford dealership, $120,000.00 for a bronco. I just can believe it.

[@tomdavis8757]

Well in Florida people feel there’s a need for 4 or more outboards on a boat so someone will buy it. In Texas they leave their vehicles running while in the store regardless of gas prices. Someone will buy it. In California people will pay $80k for a Tesla to save a little gas while running up their electric bill. Someone will buy it Cheers

[@tracyrreed]

​@@tomdavis8757To be fair, solar is pretty reasonably priced now. I can cheaply make all the electricity I could possibly use. But I can't make gasoline.

[@mistered9435]

Wow! My local Ford dealer has a Bronco Raptor for $91k.

[@overbuiltautomotive1299]

@@tracyrreed that is nuts

[@EfieldHfield_377]

Insane

[@SilverSidedSquirrel]

And YET THE PRICES AREN'T COMING DOWN

[@chrismiller755]

Facts

[@Deenaroshell]

That part! I’ll buy when prices go down.

[@myesha_shadd]

When they drop their prices then I’ll buy 😊

[@azandy77]

They don't have to lower them. People are still buying at these prices.

[@tomdavis8757]

Why should they? Do the math. Sell one vehicle at $20k profit or 40 at $500 profit.

[@iamthecheese2737]

The problem is the used market is still out of control. $40k for a 4 year old truck with almost 100k miles that's way out of warranty isn't something I can just afford to gamble on.

[@benscott6826]

Facts

[@TS-wh4ey]

A while back I went shopping for a pickup and the average price I ran across for a used one was 35K for one with nearly 90K miles on it. Not gonna do it and I'll keep driving what I have.

[@kwmedia1]

I'm seeing this too!!! 2020 with 125k!!! How in the fing hell??

[@boskey10]

​@@kwmedia1 9/10 it was a fleet vehicle for a company or someone who drove the shit out of it.

[@sgtcrab2569]

When you have a ton of 2023s, 2024s on the lot and the 2025s are showing up you are in REAL big trouble. A 2023 needs to be about 40% lower than MSRP! I is depreciated and and no doubt has tons of lot rot! Tires, batteries etc.

[@dalewhite5152]

no logic to this mess..I own a brick and mortar retail business for 33 years now .

[@saleens330]

Some dealerships still have new 2022 models.

[@Owenbk]

40% is delusional

[@bearmotorcycle7305]

​@@OwenbkSounds delusional initially, but consider Stalantis. They were most aggressive bumping up their MSRP. According to CarEdge, Stalantis (Jeep, Dodge, Chrysler, Ram, Alfa Romeo, Fiat) increased pricing 50.61% in the past five years. 40% drop for lot rot vehicles might not be enough.

[@paco3817]

A lot of dealerships still want to charge this vehicles like brand news even if they are 2022s 🙄

[@Profabdesigns]

I have been trying to buy a new Dodge, and I get add-on like locking lug nuts for $400, and front two window tint $399! I told the sales guy to go pack sand. He said he could remove it I said “you had your chance to be honest, now you’re just a liar”!!

[@zoftigbeatnik]

I will never buy a new car again. I just bought a 10 year old car and it serves its purpose. Would rather put a little money in it to maintain it then have a $1000 car payment.

[@Ronick-Q-46]

You've taken the words out of my mouth, mines 14 years old.

[@Jay7682]

Agreed. I have two 8 year old cars, a 2016 Camry LE and a 2016 Corolla S Both are just fine by me. Both barely have over 100K on the mileage.

[@tomdavis8757]

I hear you and I agree. But there’s a catch. There’s always a catch. Parts (which you will inevitably need on an older vehicle) are also overpriced and in many cases, junk

[@stevenepstein6454]

I drive 20 y.o. cars, under 3k.

[@Ronick-Q-46]

@@tomdavis8757 Overpriced junk that part is right but you missed out EVs.

[@Haya12234]

Stellantis just announced huge problems with their sales. You showed them months ago

[@tHebUm18]

Honestly embarrassing how long they pretended things were fine while having 100+ days of supply.

[@i_grok_u2902]

I just went to my dealer yesterday for a oil change... their lot is packed full! 8 months ago- they didn't have hardly any on the lot.

[@paulcoenen7918]

Thats funny because I have been seeing these types of videos for a lot longer than 8 months. Always with the over stuffed lots, the off location fields full if trucks. But yet I go to work everyday to make more metal for the car and truck manufacturers. Been slowing a bit but ever so slowly. So where are all these vehicles going?

[@i_grok_u2902]

@@paulcoenen7918 Just talking about my dealer, so strictly anecdotal. I was just surprised, they haven't had this many cars at that lot in many years. 100's, literally.

[@BlueLineGroovy]

Too bad so sad. As of today I am completely debt free. Retired. Own a home. Own a car. Life is good. .. there’s no way I’m diving into the car loan sharks.

[@CyrusTheGreat-b3k]

Boring life. Get even bigger house and luxury car, that will add anxiety and will make you feel living …

[@BlueLineGroovy]

@@CyrusTheGreat-b3k gee.. yer right. It’s boring playing one-player checkers. Maybe I’ll go commit a crime or something. lol.

[@Hunty49]

The more expensive the car, the more expensive the car insurance. Insurance is not helping cars be more affordable.

[@tomdavis8757]

Actually car insurance is getting ridiculous even on an older vehicle. My insurance with no points or accidents has risen 40% in the last year and a half or so and it’s a 20 year old Forester

[@Greg_Chase]

This channel is a go-to for bare facts and news about the macro economy. The host makes it a welcoming place to find out what is happening in an important part of the economy. Like it or not, in an election year, it can be challenging to get the real story that is offered here. It's important because - just like homes (the real estate market), cars are "widely held" in every part of the population. Brandon for President. We need the facts about everything, we need transparency. .

[@MB-rr1fb]

Brandon isn't running sparky..................but the ancient felon is

[@crlaw75]

You have the right goal in mind. We want cheap, dependable transportation.

[@tomdavis8757]

Yet what are people buying? Top of the line models.

[@richardmeyersmeyers8123]

​@@tomdavis8757don't have a choice at my local ram dealership. Only available ram 1500s are big horn trim

[@vickihepper9473]

My car is hanging in there by a miracle. God, please make it last till prices come down.

[@tommyhawks856]

I have a 2004 Silverado. The truck was running great when it reached 307,000 miles, until it spit a spark plug last year. It messed up the spark plug threads in the head when it did. With aluminum heads, you pull the head to do the repair. Why not do both heads at the same time? Why do just the heads when the lower end also has 307,000 miles on it, and redoing just the heads will increase the compression and add more stress to the lower end? A long story short, I purchased a reman long block that comes with a 3 year/100,000 mile warranty, for non-commercial use. This cost me less than $3,000 for the engine, and I did the swap myself. This was money well spent, even if I would have had to pay a shop to do the swap instead of doing it myself.

[@overbuiltautomotive1299]

buy an old good car is300 lexus or sc300 and oil change 3500 miles mine has 265k miles and runs fine 2005 year never do epa manufacture stated changes at 10k or what ever 3500 4500 mile top shelf oil no jippy lube junkand maintenance it new shocks radiator belts timing set 150 k on stated car .5-7 k can get you a sweet car needing nothing for 100k less oil

[@buffalosoldier19d42]

I've been waiting about 18 months to buy another car. Looks like the dealerships are finally feeling the pinch. Prices will come down. It may not be this year but I'm willing to wait. If it doesn't happen then I won't be getting another car.

[@dhtango]

They will never come down.

[@vlado3304]

If you can wait to get a car, why to get it? Just don't.

[@lot2196]

They are selling vehicles. Just not to us. We're not stupid.

[@maxcodyshadow]

The dealership need inventory.. 3000 doc few WTF was that an ultra luxury dealership...a 3k doc fee I could see a law suit. Ltv this is a guy saying a 200k car is a great deal and why are dealership avoid the auction this guy goes to.

[@tomdavis8757]

Sure we are. Look at all the huge trucks on the road that never see a days work and are mere toys

[@DavidWood-r8k]

I told my cousin that she should wait until prices dropped but she went anyway. Paid $9500 for a car worth 1k at most. I told her it would get really bad but she watched ABC NEWS & WAS FILLED WITH OPTIMISTIC VIEW OF USA

[@emilyfeagin2673]

Google is available everywhere. I can’t understand why people won’t do their research

[@tombob671]

Let those pirate dealers stew in their own juices. NO DAMN BAILOUTS EVER. NEVER NO WAY JOSE.

[@dalewhite5152]

oh your old enough to remember that BS too huh?? BAIL OUTS??

[@jacobhinojosa4061]

Love watching your videos man, It’s very interesting seeing the other side of business!!

[@jodrhh]

My dealership is about to close down shop and layoff everyone, nobody is buying cars 😢

[@chriszawertany5242]

What is the name of the dealership? New or used cars?

[@justSTUMBLEDupon]

👀

[@robertbelardo7087]

Good,

[@Checkmate6_]

Good, y'all been screwing over the people for years.

[@michaeldurham4812]

Because they're over priced.

[@user-xk4gf9jz8c]

No one has money to pay cash, loans are out of reach, and not very smart even if they were an option. Sales are flat and demand is not there, Despite the existing cars continuing to age and many buyers desperately needing reliable transportation. As a dealer that also happens to have a masters degree in Economics, The math dosent math. Something is happening they are conveniently not telling us. wall street is not correlating with what main street is screaming. There is typically a 2-3 month lag in the numbers because of quarterly sales and reporting requirements. I doubt it's only the car industry if I had to guess. Buckle your seatbelts. Only my humble opinion.

[@dougb3647]

Time for a marking adjustment

[@papasparks2009]

I work at a company that makes auto parts, and the customers have cut back on the orders drastically.

[@VAspeed3]

So if you need a car now, just buy something you can write check for now to get by until new car prices come back to reality. I've wanted a new car for about a year, but my old car is fine and I'm not spending $50,000 on a damn car.

[@woodendoors9532]

50k for a car? That's crazy!

[@VAspeed3]

@@woodendoors9532 ive never spent more than $25k on a car so 50 is ridiculous. What ive spent on private schools and college for 3 kids would have bought several $250,000 cars.

[@kwmedia1]

At 8% too..

[@dtheisen]

raising prices into a recession is just stupid. good luck

[@tomdavis8757]

If you listen to the o’Biden administration there is no recession

[@MyLifeThai371]

@@tomdavis8757 Oh yeah. Biden said we have the best economy ever in his speech! I'm not seeing it.

[@minifunkable]

This is actually needed. Ppl still buy too much crap

[@jean-louislalonde6070]

Repo man is busy...

[@DanGilliland-pi4vh]

More than 25000 vehicles a day are being repossessed .it's very problematic. People bought out of desperation and they paid way too much. Negative equity is a huge problem with no easy answers.

[@tomdavis8757]

Just go into the hood and look for Hellcats

[@Frank-tg9he]

Dealers can starve then i keep my money

[@abeyoungworth2046]

Serves the car industry exactly what they deserve and are getting what they deserve. This is what greed and price gauging does to car dealers and car insurance companies are now doing the same and will end up just as the car dealers have ended up today.

[@NewYorksWorstDrivers]

What about all the skyrocketing insurance policy prices?!!

[@roadwarrior280]

Stop charging 3,000 over sticker for new cars.Boom

[@benscott6826]

Used cars are more inflated. More margin

[@daveforeman6931]

One big problem- people are maxed out on available credit, don't have cash to make the required down payment to make up the differnce.

[@Wahinies]

I cant imagine trying to sell a $52,000 V4 right now

[@sabastian4858]

"Was $57,900 Now $43,000" Greedy. Dealers helped create the current market.

[@daehan8532]

Vids like this is much better than the auction ones, please do more of this type of information types than the auctions.

[@RonKnowsStuff]

I would think twice before buying anything built after January 2019 - due to the shutdown effects

[@rotart12arx3]

COVID didn't hit till winter and spring in 2020.

[@DanGilliland-pi4vh]

Absolutely so true ,quality has went way,way down .many vehicles are having lots of issues.

[@RonKnowsStuff]

@@DanGilliland-pi4vh quality down and prices up - it’s the new math

[@RareGenXer]

Yep. "Covid cars". Anything built in 2020 or later are shit quality.

[@RonKnowsStuff]

@@RareGenXer and seem to be getting worse!

[@patrickmichael8655]

50 grand for a truck that’s crazy

[@woodendoors9532]

It is!

[@karlanderson595]

Then again a cheeseburger now can easily cost $15. Real inflation is crippling!!!

[@tomdavis8757]

That’s actually cheap compared to many on a car lot

[@woodendoors9532]

@@tomdavis8757 That's crazy!

[@toddjohnson271]

50K for a truck is the low end.

[@samclancy3031]

Great Show 👍 Thank you Brandon for reminding America how to Do BUSINESS. Love never Fails 💖

[@tomdavis8757]

Why is everyone so afraid to use his real name? It’s not Brandon

[@samclancy3031]

@@tomdavis8757 That's a Lucky Break for him. Let's Go Love never Fails 💖

[@cyrusjalali1571]

Not only am I NOT seeing prices coming down I am also STILL seeing dealers adding their god damned markups. There are just not many honest dealers like you around.

[@tomdavis8757]

Yes. The new business model is low volume high margin. They would rather sell one for $20k profit than 40 at $500 profit

[@billp4]

I am a Toyota guy but I'll never understand why they stopped making the gen 1 sized Tacomas. I don't need a monster truck to bring home a washer, dryer or water heater. I'll bet I can carry more than a Cybertruck with my 1998 Tacoma LOL. I just can't think of a good reason to get rid of it.

[@josephshultz6726]

No desire to purchase a new Tacoma. They have become less and less practical.

[@tomdavis8757]

And the newest generation Tacoma isn’t even that reliable. People talk about Toyotas lasting forever. Those days are long gone.

[@edwardautrey3671]

CAFE standards kill the small trucks , I know it sounds crazy , a really good video is floating around Utube explaining

[@michaeldurham4812]

I really like clean air. I remember some southern cities in the 60s and 70s where the air stank 24/7/365.

[@fueledbymusic3]

The stupid EPA crap is behind that

[@BillyBobDingledorf]

I like the music being gone. I can now focus on you and your perspective on the market.

[@youdaman1410]

IF ANY OF THIS IS A SURPISE TO ANYONE......THEN YOU HAVENT BEEN PAYING ATTENTION FOR 3 YEARS!!!

[@kwmedia1]

The repo piece is fashionable this year!

[@Guido_Sarducci007]

OK! I went to the Car Edge site to read vehicle status reports. Very good and real: yes it needs a tire, yes it needs a light bulb, and so on. I also like the white board showing 48 cars sold MTD. Charles Schwaab used this to prompt workers to beat the previous month production. Another great video! Thank you!

[@weirdshibainu]

Just drove by my "auto row" Every dealer's lot are overflowing with cars.

[@darinh6066]

Saw a decent price on a car yesterday. Went to used car lot and inventory was super low. The dealer said they are liquidating everything and closing their doors when it's gone. Didn't want to take a trade so I didn't end up buying. They had been in business over 20 years.

[@davidbeppler3032]

Just wait. Next month you should be able to buy 2023 new cars at the Used Car Auction.

[@BobbyJ529]

why next month?

[@maxcodyshadow]

There are because rental car just dumped some of the inventory specially EV

[@rotart12arx3]

There will be so few that the prices will almost be the same as the new one.

[@rotart12arx3]

​@@maxcodyshadowThey had many miles on them, not near new at all.

[@davidbeppler3032]

@@BobbyJ529 What happens when a dealership can not pay it's floorplan? Answer, the bank repos the new cars and sells them at auction. I have been predicting this event for about 6 months. I is just a guess, but once it starts happening... it will be like dominoes. Why buy a new 2024 for $70k when you can buy a new 2023 for $40k?

[@emilyfeagin2673]

I love used car dealers like you! I used to be a bookkeeper:Notary at a little cheap used car lot. I enjoyed working there

[@4of333]

You can make a million dollars off of one customer or make one dollar off a million customers......choice is theirs and we all know what happens to business owners who fail to understand the difference

[@MrDuncl]

Even better if you can make $2 off 600000 customers.

[@rollandjones9556]

Hi, do you think higher new car price owners are paying for flunking EVs ?

[@Cadillac1903]

My 2004 GMC pickup is going to the body shop next week to repair some rust issues, I'm more than happy to spend the money to keep it on the road , I just can't reason the costs of new trucks, the dealers are robbing us and i refuse to be another one of their suckers

[@DanGilliland-pi4vh]

Exactly. I myself am doing full rust removal work and undercoating for a 2004 toyota suv with 80k miles on itwell maintained for 20% of the cost of subpar quality new ones. It's some work but way better than car payments.

[@tomdavis8757]

Depends on how bad the rust is. Once the corners of the cab are rotten, there’s rust all over the place that you can’t see.

[@sjay149]

A $40,000 car note, without ins, gas, and maintenance on a 60 month contract is $707/mo. You need a $40/hr job .

[@R281]

More with the increase of cost for everything

[@sjay149]

@@R281 Those were the days.

[@R281]

@@sjay149 I remember when making high 30s an hour was enough to maintain a household and family....not anymore. It wasn't that long ago either.

[@saleens330]

I make $40 an hour and would never have a car payment that high. Ppl are crazy that pay double that.

[@tomdavis8757]

Buy a base Corolla

[@darrylboone4658]

Federal CAFE standards and ever tightening car regulations are whats pricing America out of new cars. If you fight back against CAFE regulations, like citizens of Thailand, you could buy a bare bones new Toyota truck for $ 14,000 dollars.

[@billtribble2904]

Move there.

[@user-qc7dr3cd3q]

Vote Trump 2024.

[@peterkwok9608]

Thanks for the update Brandon 😎😎👍👍I am going to wait. Good things comes to those who wait 🙌🙌

[@scott8964]

Some lenders are doing a red book evaluation on the vehicle and declloseing the value to the customer as well as using it as part of the application , approval process in Australia

[@goldensilver793]

I was denied a mortgage because of child support. Made a deal with the owner, got a second job and paid off the house in 5 years,,,being denied was a blessing in disguise....

[@fialee8]

The true problem is the consumer... as in other videos, as long as consumers pay the price... the dealer and auto mfg will keep making and selling them. For whatever reason, buyers don't want a basic car anymore... and they want all the bells and whistles, plus they want larger and larger cars. Back in the day, you could buy 4dr a Ford Focus, Ford Taurus, Mitsubishi's, or Buick Lesabre for a reasonable price. Now, other than cheapie Korean brands, there are no lower cost sedans anymore (Corolla and Civics are expensive).

[@johna5487]

You are absolutely correct. We have people in our area who paid $90,000 for single-wide mobile homes in a park… not even on their own land. Until we say no to price gouging across the board companies are going to keep on as business as usual.

[@MrDuncl]

They sell them, but not in the USA. One of the best selling cars in the U.K. is the Ford Puma. Probably because "The Ford Puma has a RRP range of £25,800 to £30,800. Monthly payments start at £247."

[@dhtango]

Cheap Korean brands?? What brand isn't?

[@robertwright5487]

New car prices jumped up around 27%. Used cars up to 50%. During the chip shortage, the manufacturers pushed out expensive luxury vehicles that a lot of us couldn't afford. They dropped most of the smaller, less expensive vehicals. Then we have greed inflation, which is gouging everything. As far as financing, my first new car was bought at Bob Hoys Volkswagen. 84, 85, I don't remember, but financing was in the 15% range, so that has always fluctuated. Vehicle repossession has been gone on for many years. Many dealerships have very creative ways to finance people who just can't afford the taxes and insurance, along with the mmonthly payment. Some of these people I know got auto loans and I was what the hell and that was before COVID.

[@billymitchem5256]

Salesman told me yesterday that the dock fee was 2000 plus I just drove away 😢

[@JWelk92]

So glad I own my two cars outright. and I can wait for the market to get better

[@jamesharrod8733]

i had no choice a couple of yrs ago and had to get a 2010 f150 with 5.4l , high mileage still owe 5k on it so i have to hang on to this truck , just can not afford anything diff

[@shawnmason5290]

When I had that exact same truck and it kept breaking on me, I would watch a very good KZbinr outside of Chicago named FordtecMalco. I believe I’ve got it right that should pull him up. Good luck on your financial life, but it’s good. You’re working within your means.

[@benscott6826]

5.4 engine is a mechanical nightmare

[@Dive27888]

By the way love the content. I’ll be needing a car pretty soon and you are only 2.5 hours away! Thanks again for telling the truth along with Mike!!

[@logophile]

Good, eff those dealers.

[@RightAllWays]

I drive a 2005 Honda accord. Plan to drive it till it falls apart. I think it’s better to put some money on its maintenance than buy a new/used car with a boatload of money. No I am happy with my old car.

[@Boodieman72]

New car dealers want more money than the car is worth. Greed doesn't equal the economy collapsing.

[@tomdavis8757]

This. Nothing is collapsing

[@KillroyX99]

Car prices inflated with low “free money” interest rates, and high demand. It’s nice to see that people are cutting back and cutting out the bank

[@soundmind192]

Fun fact. The govt. and unrestrained money printing and spending is 100% responsible for inflation. Not greed, supply chains or foreign wars. Since the federal reserve was created, the dollar started to devalue. Today the dollar buying power is only 3 cents compared to 1913.

[@Bootyeater999]

Yep

[@chsmithins]

Corporate profits have been at record levels year over year for a while now. Every industry has only two, maybe three major corps running it. Name any industry- competition is nil. Price increases are easy. The stock market has done extremely well during this period. We are fortunate that the Kroger/Albertsons planned merger has been fought and as of last week has been canceled by the two companies. This merger would have decreased competition in a big way.

[@jme2359]

I really admire what you do. To be able to provide customer afordable car that has been fixed by your inhouse mechanic and that product is good for long time. I hope you really make it. I would buy car from you, if I would be in your area. Respect

[@kellyrobinson1274]

Too much consumerism is unsustainable

[@tomdavis8757]

Totally. People have gotten so materialistically spoiled it’s hard to believe

[@Thedesertguy75]

I like what you're doing . No financing bs. Just come up with the cash, it's affordable , it's yours, have a nice day. Just need a ride to get me to work , the grocery store , and to kareoke! The way business should be done. Kudos dude . ✌️✌️👌

[@markwisner3972]

The car market is not the economy. It is only a shrinking part of it. A lot of the reason for the downturn of car sales is new car dealers and manufacturers got greedy during the pandemic and can't tell their stock owners that they need to sell cheaper cars. It is not that people don't want new cars. They do, just not at the price manufactures are pushing on them. Dodge Ram is a prime example. Subaru was one of the few car manufactures that still push an entry level cars in volume like the Impreza and Crosstrek. I wanted to buy a Toyota but it was like they did care about my business. They had nothing to test drive. If you wanted to order one, it was $ 1K non-refundable deposit. Then they put out the 2022 Tundra. What a piece of crap. Try to find a Corolla.

[@f1champ551]

I also think people are (or were see the states that are trying to ban these) buying and importing Kei Cars and Kei Trucks and people see liking them as well and it made no sense at first to me but made sense last year and now because the price is cranked up to insanity on the new cars and new trucks... So.... Makes me think... (if I am wrong let me know)

[@RoyDeMeo-2]

Yes but the auto market is a good leading indicator of direction/health of overall economy and often precedes housing. We see issues with car market first, housing market next.

[@CollegeRecruitsNW]

I agree, we have Crosstreks, junk, for under $26K here

[@richdiana3663]

US automakers have always pushed large vehicles, where the higher profit lies.

[@kokobeatz7222]

You don’t want new cars. The technology in them allows for them to be turned off via satellite. You don’t want anyone to be able to shut off your means of transportation because you didn’t pay a tax.

[@lynnmcmahon9998]

It's not the payment it's the price. They got to greedy during the pandemic and don't want to give it up

[@DrShanksALot]

I just won $1,000 from a local car dealership who sent out a “Carsino Royale Card” Odds show 3 in 60,000 chance. I bet it won’t be easy to get the money though. Required to go to dealership 🙄. I’m not buying any vehicle until the prices are near the bottom!

[@davidbeppler3032]

You did not win anything. That is a scam.

[@josephmuscanere4270]

Everybody who got that card won. It’s a ploy to get you to come into the dealership.

[@DrShanksALot]

@@davidbeppler3032 This is a reputable Lithia Dealership in my area and it is most definitely real. Now getting that money from them without extreme pressure to buy a vehicle is another story. I don’t struggle to say NO tho so shouldn’t be to difficult. Going in tomorrow to the dealership. I hate dealerships but $1,000 for a few hours of my time is well worth it.

[@DrShanksALot]

@@josephmuscanere4270 If it is a ploy then I’ll simply write a 1 star Google review and turn them into the BBB. They’ll know all this before I leave the dealership as well if they are going to pull a move like you are saying. Again this is a Lithia dealership which has over 299 dealerships worldwide.

[@SilverSidedSquirrel]

*** with purchase of 125k car 😅

[@odnetnin4720]

Yeah by the time we trade in our Hondas…they will be 15-20 years old and have 200k+ miles. Probably still usable, but someone is going to pay too much for it in my opinion. Worth next to nothing in my mind now and I’m still going to hold it for a couple more years.

[@gobbler1957]

Used vehicle prices are still high at Auctions in DFW area.

[@tomdavis8757]

And in any growing area.

[@yankeehillraymie1296]

I can literally buy any car that i want and i am so gd disgusted i gave up. Never ever in my life have i been able to buy what i want. I give up.

[@dougsheldon5560]

Toyota is recalling 900,000 Tundras for engine replacement. That's a billion cost.

[@rotart12arx3]

Your numbers are way off.

[@shawnmason5290]

The push of the new body style 2022 and newer hybrid tundra as well as the V6 turbo tundra is why I have a low mile 2020 tundra crew in my driveway. 2.4% interest on a short term will be paid off quickly. I’ll probably die with that truck unless I can find a 2021 with incredibly low miles.

[@tomdavis8757]

No worries mate. They’ll just tack on some added cost to the new ones that the Toyota fanbois will buy

[@annoyed-b3y]

cpi numbers show used cars is helping inflation go down.

[@MikeJones100_]

I wanted to trade my 2020 Tacoma For a Tundra but this engine thing has changed my mind.

[@paulcoenen7918]

Hope you were not actually going to trade it in.😅 I have heard Toyota is now going to replace a lot of those engines.

[@MikeJones100_]

@@paulcoenen7918no I’m not trading it in anymore. I’m seeing to many problems coming up with the newer model years. I just wanted a bigger truck but I’m going to wait for now.

[@tomdavis8757]

So you want to spend more money on a big truck? That’s the whole problem.

[@MikeJones100_]

@@tomdavis8757 nah I was waiting for prices to drop then found out why they were offering all these “deals” (still overpriced)on tundras the engines are breaking. I’m gonna wait a few years now. I didn’t contribute to this people overpaying market I got mine in Nov 19 before all this. Market adjust over msrp is a no go for me.

[@Marcello-f5s]

Had my dealership here in Tampa for 18 years shut down on April 2024 this last 4 years was enough to take everything away from me just because I try the old American way great content Brandon 👍

[@rubyvolt]

PEOPLE do NOT have a choice to have or not have a car. This nation is controlled by OIL. Why else is EVERY CITY'S public transportation SHIT?

[@AlterKaker-e2g]

Because pub trans is always shytt, unless you live and work in a European 15 min city. USA not built that way, thank God.

[@rickybobby1055]

I have a 97 jeep cherokee. Been driving it since 2007. No payments. Sometimes i have to repair or replace a few old parts but, no car payments.

[@guzmancharles7]

PPL need to stop buying these ridiculous overpriced vehicles. You don’t need the newest and latest, that’s how the car dealers get you. There to many ‘Lot Rot’ out there. Auto industry & Housing looks like they will blow in our faces at the same time.

[@bartwilliams4478]

The Social Engineering, by Government mandates requiring a high percentage of EV's must be produced , Companies are spreading the losses on new gas/diesel vehicles, EPA is pushing for tech yet to be based reailty or are costly to build and operate. The war on fossil fuels are causing serious unintended consequences, add too Government spending, high inflation is the result. Operating a 2004 Ford Ranger 87k miles, and 2011 Nissan max less 98k...will run them out till I get 120% out of them..

[@abelsaldana9554]

Where is your office or car dealer located?

[@ccrider8483]

If the domestic manufacturers are limiting production of their more affordable models, would this not be an excellent opportunity for an importer like Kia/Hyundai to pick-up market share?

[@MsJhook]

You have a good business model.

[@Nonfiction.Reader]

Thank you for your commentary on the used car market and economy. We are in a Fourth Turning.

[@gebrebariaw4212]

Let them all go broke!

[@bpb5541]

If they all go broke what are we going to drive?