EVERYONE IS BROKE And The Car Market Is SCREAMING IT!

EVERYONE IS BROKE And The Car Market Is SCREAMING IT!
Thanks to all the creators that helped me with this one!
Mark- / @markholubetz
Joe- / @shiftingmetal
Michael - / @michaelbordenaro
John- / @thisisjohnwilliams
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

[@estern001]

More of this collaboration on finances, economy, real estate and the auto industry! This is a big win for viewers. Thank you, gentlemen!

[@torpedoLaw]

Those mother fuckers!!

[@gerbearjones6056]

Spot on!

[@catchaser52]

Real Estate, Housing Next !!!!!

[@wawalker1]

I diasagree.Inflation is hitting housing, food, clothing, entertainment budgets. They don't have down payments. People also paid too much for cars during Covid with add ones. They are upside down which means they can't afford to trade up.

[@totalchips6547]

Car prices do not go down. And prices are not realistic, people in their right mind will not over pay and then lose money.

[@joe1940]

There's not a pickup on this planet worth $80k or $85k. The automotive manufacturers/ dealerships have lost their minds.

[@jf2176]

Cars are expensive and so are autoworkers. Maybe they should just cut pay for the workers and that will bring the cost down. Much like fast food. The workers got raises and now your burger is 15$. Maybe everyone needs to go back to making a half dollar an hour?

[@joe1940]

@@jf2176 UAW workers are definitely overpaid.

[@ladydiana1855]

But the consumers are crazy to buy these expensive cars, are you insane 😜

[@Mistro07]

@@jf2176if you cut pay, so prices can come down, then even with the lower prices people can’t afford them…the problem is money printing at the fed, and people thinking they can live outside their financial lane

[@simon6071]

Many auto manufacturers have been drinking the the EV koolaid of the politicians on the left and lost billions of dollars on the EV sector, so they try to make up the lost by increasing the prices of ICE vehicles that people want. The result is both EV and ICE vehicle sales fall like landslides.

[@dakinejeb7890]

I could easily pay cash for a new truck, but refuse to pay $40K, $50K, $75K for a vehicle. Will keep my 1999 Toyota Tacoma.

[@fredholley6248]

Same, I'll just keep driving the 30 year old Chevy

[@Vultain]

Driving my 1988 Toyota Pickup. It’s cheaper to keep that going infinitely over any modern day junk pile. Cafe rules vs a made in Japan Toyota is an easy decision.

[@aeis3007]

Only new American SUV I know around 30k is the Bronco Sport. The Ford Bronco Sport is probably going to become Fords new consumer SUV. They're the only new ones I've found under 30k.

[@andrewevans7992]

Same i got a 2008 paid off months ago, i aint buying anything new..

[@lescobrandon9772]

I have five cars, the newest one is 14 years old. Not getting rid of any of them anytime soon.

[@gumby5125]

I gave $1300 for my '04 Ford in 2018, I'm a mechanic and I refuse to pay outrageous prices for junk, regardless of how new the junk is.

[@MrVvulf]

Still driving my 2006 Titan. I'll get a new vehicle when hell freezes over. For one thing, I DON'T WANT any of these new vehicles that report back to the dealerships, insurance companies, manufacturers, et al where I'm going, how long I was there, how fast or slow I got there, etc. I will never buy a vehicle that has features that can be turned off via a signal from any source other than the keys in my pocket.

[@stormvillians]

Exactly plastic poorly made for profit

[@beesquestionmark]

It’s a great thing you got your car in 2018. I got mine that year too, and I overpaid because I didn’t know better, being newly 18. But now, my car is actually worth a couple thousand more than I bought it for, just because of the price gouging in the car industry. It’s insane to me. In 2018 my car was worth maybe $5,000 being generous, (I paid $7,500) now it’s worth $10,000

[@gumby5125]

These greedy corporations can go broke and I won't shed a tear. When you rob the public, you reap what you sow !

[@dylananhorn1]

Yea the government will bail them out so it will come from our hands anyways. Oh the circle goes round.

[@jaredphillips1889]

Greed may be part of it, but when the metal, wiring, computer chips, the payfor the factory workers increasing to remain competitive etc. all cost 4x as much as it did 5 years ago it's not all greed, it's what they have to charge to manufacture them. They make a profit because they have to pay their bills and sales workers too. It's the state of the economy being in the garbage that's to blame.

[@julybliss4440]

Unlce Sam will save them.

[@alab3657]

Dumb. They went out of business. Obama paid them billons with your tax money. And for those that say they paid the tax payer back is absolute lie.

[@alab3657]

Dumb. They went out of business. Obama paid them billons with your tax money. And for those that say they paid the tax payer back is absolute lie.

[@rockr2179]

Couldn’t happen to a more deserving industry.

[@greglane3978]

Greed kills. Some times people. Some times businesses. Some times industries. Some times governments. No sympathy for the auto industry. When you crap in your own nest this is the result.

[@srtmetal7647]

We are all suffering now man. Most cannot afford food/shelter let alone an overpriced car.

[@johnz446]

They ran out of people that can taken advantage of its their fault

[@gabrielpedrego8187]

You hit it on the nail.

[@WeknowhoUR]

Actually, now seeing the downside effects of the planned (Marxist) economy & the Cantillon effect. Additionally, The corporate executives steal the wealth of the workers and equity investors through their “bonuses” & stock options, when the Fed & tax code create the artificial demand as seen the last couple of years/decades! Those executives did not innovate or invent something to benefit humanity… they just played the corrupt corporate game and paid off gvt. Officials with inside info ( can you say Nancy Pelosi- and pretty much all of the other corrupt politicians!) If you’ve got assets, get ready for some good buys in the next couple of years! 👍🏼

[@mnn1265]

We are not broke. We are simply sick of car corporations screwing us over, overcharging us for poorly made products and continually raising prices to gouge us!

[@usmanmanni786]

Amen.

[@ronfreeman4999]

Amen. You got that right.

[@CHRIS-pc6nw]

I'm broke

[@asajayunknown6290]

Well, some people aren't, myself included. I agree that all the carmakers have done the "build it to last the warranty" ethos to the max. $50+k, plus interest, for a vehicle that only goes 60k miles before it's "junk"? Total ripoff.

[@WKZworks]

Well...some o us are broke, but I for the most part agree. I would also add that the car companies shouldn't solely be saddled with the blame, government regulations, union labor, and cost of materials (as a consequence of inflation) are jacking up the price as well.

[@porkyfedwell]

I paid $55k cash for a diesel truck 4 years ago, which I thought was outrageous. Now $55k is a low price for a truck. This can’t continue.

[@jqight740]

Oh yes it can. Unless you have some relative that’s a Rothschild or an executive of the Builderburg group.

[@genobadea2738]

Dealers and dealerships have no right to complain about huge negative equity on cars and higher car prices. They were the main reason that we find ourselves in this situation. They got greedy during COVID and started charging ridiculous prices over MSRP. The car dealerships greed is starting to bite them in the ass.

[@oldv1288]

Most stuff (even cars)during covid were actually just sitting in the "backroom" they made people believe there were shortages but in fact that was not the case. They just took advantage of the situation and used it to their advantage. I just cannot believe what they did to pull all this off. There are ENORMOUS warehouses/distribution centers that I've seen as a trucker out in the middle of butt nowhere throughout the country. I mean ENORMOUS dude, like almost a mile in length. There's no way there were "shortages" I personally cannot believe that based on what I've seen throughout the country 😮

[@EXITKREW]

Actually no. If you knew what I did. You would have credit to buy anything you need. No cash out of pocket.

[@TrentsGarage]

Exactly

[@IcyDeath91]

Market price is market price. It was high during covid and now it's coming down. Doesn't really have much to do with the dealers. There was a lot of shortages during covid in the new and used market which drove prices up. Are you asking dealers to sell for less than market price out of the goodness of their heart? I wasnt sorry for the consumer then and I'm not sorry for the dealers now. Economics is economics.

[@idi0tsavant]

@@IcyDeath91 The issue is that these things weren’t “market price” during COVID. They gouged the prices so high just because they could (under the guise of “increased shortages in materials” or an “increase in labor costs”) you can see in their quarterly reports they had “record breaking profits” all during this time. You think “record breaking profits” happen when you’re only adjusting for economic inflation? Corporations will take advantage of us any way they can, if we let them. Don’t let them.

[@jeffbertoni8528]

I will never in my life spend $100,000 on a truck. I will buy a donkey and name it Brandon first.

[@user-vi2dk1qz5f]

Love it.

[@nadaname391]

Giddy up, let's go Brandon. 😂

[@zmiles36]

😂😂😂😂😂😂😂😂

[@jackienuchols9425]

Sorry but the only ass i know is Trump.

[@dgoat773]

😂😂😂😂😂😂

[@JamesMartin2014]

Remember when dealers were adding $10,000 to the price of used cars, calling it a "market adjustment"? Yeah, I don't feel bad for any car dealership that goes out of business. They got greedy and now they are paying for it. Let it burn. They did it to themselves.

[@rewing4880]

I agree. They made their bed, enjoy the ride.

[@dalemoede9196]

Exactly! It wasn't that long ago either. Market adjustment my ass!

[@elcheapo5302]

They still are. Local Toyota dealer has market adjustment of +$10,000 on Land Cruisers that aren't even on the lot yet.

[@gdbrojus]

It’s just business

[@bruceellenburg429]

I have no sympathy for them

[@jdub9595]

Everything is so expensive that people are starting to realize the value of their money and what they spend it on, that’s all.

[@sfritts]

I'm still driving the truck I got in High School. I'm 41. Keep your maintenance up and learn to do it yourself and you can drive a vehicle for pennies a day. Just gas, basic maintenance and $30 a month car insurance for me. I'm not struggling in this economy. I planned ahead.

[@PrinceVegeta-ep8sr]

toyota?

[@sfritts]

@@PrinceVegeta-ep8sr Chevrolet

[@nathanielsmith4691]

Bro is literally struggling and says “I’m not struggling” hahahahahahahahahaha dude it’s ok.

[@riphawk67]

60+k for a basic Jeep is beyond logic.

[@EMichaelBall]

That’s the Canadian dollar, which is weaker than the US dollar. It’s more like only $52,000 US.

[@nomask4me352]

@@EMichaelBallonly?? Haha

[@alexsundeer]

@@EMichaelBall I,d rather own a wet fart for 52k than jeep

[@stuglenn1112]

It's beyond sanity.

[@mpiny]

just 1 btc haha

[@connorjordan3551]

Not disagreeing, but $1 CAD = $0.73 USD. So, a truck price of $85,000 CAD = $ 58,456 USD.

[@HiddenDonut01]

Wish it was that simple, but trucks in the us stay at 85-90k. Hell, might go to Canada and buy a truck there for 58 and resell it. Profit 20-30k

[@amandalujan5422]

They are draining our pocketbooks anyway they can, so now i consciously consider every purchase. If i dont absolutely need it, I'm done buying. Bye bye consumerism.

[@UncleBensChannel]

$85K for a Jeep Wrangler is true insanity.

[@KNR6292]

It will be burning oil too!

[@IcanDriveIt]

They have a 10 year generation cycle. That’s crazy. If you bought a 2007 wrangler, you could have put 200,000 miles on it then bought a brand new 2017 wrangler and bought the same generation. Then Jeep wants you to pay $60,000+ for a vehicle that has virtually no R&D. Pure profit.

[@renderproductions1032]

So is 4k

[@busterdouglas2250]

$85,000 for any car is insanity

[@TheZaomei]

85k for any car isn't insanity. A BMW 760 LI is totally ok with that shit ton of electronics. Or Mercedes S class. Or other luxury cars or hyper cars.

[@bme6949]

Not a single one of those vehicles are anywhere close to being worth those prices. Not a single one.

[@Alexander-jr8nw]

and this is why I ain't gonna ever buy a new car, not worth it, old cars are better bought a 2010 1st gen cruze 5 speed manual 2 years ago for 4000 eur, chances are, I could still sell it for the same 4 grand today. newer cars just have too many features chances are most people won't ever use, the only extra feature that I do see useful is the option for a automatic transmission, helps if you live in some big city with equally big traffic jams, and even that automatic can be made cheaper, like either a CVT either a automated manual (that's literally a ordinary manual transmission with a bunch of actuators on it, if those fail and are too expensive to replace you can literally put a shifter and a clutch pedal on it and voilla, standard)

[@nitroxylictv]

​@@Alexander-jr8nw If you think CVTs are bad, just look at start stop. Having your car turn off every time you stop at a red light is HORRIBLE for the engine. The most stress your engine ever sees is ignition because thats the moment of highest compression and torque. EVERY. SINGLE. NEW. FORD. has start stop. Even their cheapest $40k base model 2 door work truck.

[@dmark6699]

They have a lot of problems

[@Blakcodebiggz]

Lol 😂 🤣 it's so tru guy

[@guysumpthin2974]

50k ? Maybe if they lasted 500k miles

[@NiceTry469]

Corporate greed is quickly eliminating the middle class

[@davidbarnes4742]

I absolutely refuse to buy a new truck they way it is. Mines paid off. I'd love to get something else but I'm not paying 80k for a truck that would have been 55k 5 years ago

[@micahroy9668]

We're not broke. Our wallets staying closed is a "market adjustment".

[@reneesfoxynews6652]

Omg I have been saying this. Support local small businesses only, don’t but ANYTHING WHATSOEVER unless it’s a necessity.

[@Professor__S]

They don't care if you don't buy cars, it's part of their plan. Easier to implement 15 minute cities if you dont have a car😂

[@davestorm6718]

@@reneesfoxynews6652 We lost a quarter of our local businesses thanks to the bureaucratic nonsensical reaction to a bug w/a 99.96% survival rate. The small companies were hardest hit and the small companies that supported them also hit. That little grocery being shut down while the Kroger's, Walmarts, and other food giants could keep there doors open, is a travesty of justice and overreach of "protectionist" government. In 1 year HALF of the small retailers were wiped out (by force - literally had cops "enforcing" closures for our "protection". One big fat lie after another and now the big companies are feeling it. Co-opting & usurping government policies to shudder your competition does not end well for anybody. Now we're all fucked

[@la7era1u54]

I just payed my last payment 2 weeks ago on a 72 month car loan and I will never take out another loan like that again. It's too long. I usually trade in after I pay off my loan, but prices are out of control now. I'll keep what I have and buy used from now on

[@bensheard3969]

​@@davestorm6718that was their goal all along. Get people afraid. Choke small businesses, large businesses ride out the wave. It's all very calculated

[@jonesmorales-tu6kq]

I'm a welding inspector make 130k minimum a year. Still drive my 2003 honda accord ... I rather eat rib eye and collosal shrimp everyday than paying 90k for a new truck or car. It's ridiculous. New cars are highly unreliable anyways

[@scifirealism5943]

Holy crap.

[@andrewevans7992]

Fr.. all these new vehicles are garbage, they are made to Break so we stay poor

[@joesmith9216]

yeah well said! new cars have really shit the bed, it's just to much tech crap, Mercedes for example just needs to give up, their new cars may as well have a starbucks coffee maker inside as well as 4 ipads, I swear to that tech crap takes away from the car. And remember that the new cars are spying on you too, could not be any easier for them.

[@nashambenyisrael7689]

Yeah the materials used in new cars get worse and worse each year yet the prices are hiking which is a travesty….

[@jamessellers6276]

I have a 98 Dodge 2500 12 valve diesel. Was at the Dodge dealership recently to get a little part and had a salesman approached me wanting me to trade it in on a new one. I laughed and told him no freaking way and I wouldn’t even if they traded straight across. And meant it. My truck is paid for, extremely reliable, gets over 20 mpg combined, cheap to tag, affordable to insure…… I don’t want at buy a truck that costs twice what my first house cost in 1990.

[@theaverageDon]

The fact that there is such high inventory, yet the prices are skyrocketing, tells me these dealerships are ignoring the basics of supply and demand. Supply is high, yet demand is low due to ridiculous prices. Which means the price ought to come down to increase demand, yet they're not Pretty basic 🙄😮‍💨 The same thing is happening in the home/apartment rental and ownership market

[@downrangefuture6493]

Why change their prices when daddy government says they’re too big to fail and bails them out every time?

[@KalashmanNC]

I know people in their early 30s that own TWO $800 a month vehicles. It’s insanity. It’s not sustainable.

[@jwelchon2416]

It's bad enough that new vehicles are outrageously expensive, but they are also largely irreparable trash.

[@dupond948]

And too big, Big car will cost more, that's what happen with juge suv and trucks

[@freedomruss]

Too many unnecessary electronic wiz bang things to break and leave you stranded.

[@ZEUStheKingGermanShepherd]

💯💯

[@angelachouinard4581]

Amen to that!

[@gtbigdog3507]

My Tesla has a problem with the seat sensor and the want a minimum of $700 to repair it. I tried to do it myself but couldn’t figure it out. I have no idea what sensor.

[@andredaedone7732]

Not that we are broke. We just ain't stupid enough to pay 90 grand for a vehicle.

[@gregholman2930]

Nor pay $3,500 for a POS either!

[@user-dy5pq7tp7g]

Yeah plus insurance is out the window….

[@overthehilldill3626]

Some people are.

[@MrGene1976]

@@gregholman2930 yes, it should be like 1500

[@patrickcahill8544]

Exactly

[@RodCornholio]

Proportionality. I’m a believer in general guidelines like: - your belt shouldn’t cost more than your shoes - your shoes shouldn’t cost more than your suit - your watch shouldn’t cost more than your car - your car payment shouldn’t be half your mortgage/rent - your rent/mortgage shouldn’t be more than a third of your monthly income

[@REYfromTX]

“your rent/mortgage shouldn’t be more than a third of your monthly income” That’s laughable. How many people have jobs that can afford that ratio?

[@RodCornholio]

@@REYfromTX The 30% rule is widely recommended and applied by landlords. Lenders (i.e. mortgaged debt) are also in the same ballpark (e.g. 28%). What’s “laughable” (more like “cryable”) are the underlying causes that make one’s income too low or housing costs too high. And that the vast majority of the public doesn’t seem to know, want to know, or care about those causes.

[@cheesecurdinator4010]

The rent/mortgage is impossible for most people. No matter what it's going to be half what I make

[@mountainfolk7942]

We gave up on buying new 25 years ago when a mechanic told us our vehicle was a throw away, non rebuildable. We switched to cool looking classic cars which we can rebuild. They are paid for, & have low registration/insurance costs.

[@jencurry6020]

Still driving my 1992 toyota celica gt convertible with no problem finding parts! 😅

[@dogewisdom9921]

@@jencurry6020Scotty Kilmer approved ✅

[@ItsMeNanaD71]

15 years ago I paid $57,000 for a 3 bedroom house, put in another $10,000 in elbow grease & my payments are $400/month. Spending more on a vehicle than a house is absolutely absurd.

[@absolutetuber]

15 years ago the average house cost $246,000. I don’t believe you paid $57,000 for a three bedroom house. Either that or your house is like 500 ft.² and located in the most ghetto of ghettos.

[@ItsMeNanaD71]

@@absolutetuber​​⁠I’m sorry that’s what you believe. It’s absolutely 💯 true. I’m not in Cali or NY or anywhere like those places. I’m in Oklahoma. In a medium sized town. Currently I wouldn’t be able to find the same deal at all. But I live in a nice neighborhood built back in the 1970s. We aren’t fancy, we are comfortable. You can catch glimpses of my neighborhood in my videos. It ain’t the ghetto, it’s the suburbs. You’re correct tho, my math was off, I purchased it in 2011, not 2009. My bad.

[@gabe6959]

@@absolutetuber its possible, my moms first home was 2 bed 1 bath with a basement. Cost 87k

[@masterrestorer1882]

​@@absolutetuber 5000 sq ft with separate guest house, acreage, concrete floor steel barn with 200 amp service, horse barn with indoor riding arena, three car garage, two story trees growing in my Solarium. 9 ft. Basement ceilings same as house. Double wall construction with geothermal, $260k purchased on Craigslist. Gotta work to find deals.

[@Jeffroh]

I bought a 600 sq ft bungalow for $20,000. I laff at my boss bc his truck cost $120,000.

[@AdornamentDesigns]

Never buying a new car again. Not buying a used car over 5k ever again. It's so stupid out there right now.

[@GuitarsAndSynths]

agree been driving same car now for 15 years it is paid off and everything major has been replaced/repaired

[@sepharoseflow7953]

I bought a 2018 jeep compass with 20K miles on it. Transmission has been replaced 2X within 6 months. Trash!

[@2K_Unlimited]

You can if you just refuse to roll over negative equity. When your car payment runs out, half of each payment after that goes back to budget, half to a "next car' savings account. I paid for my new Toyota Minivan in 3 years and kept it over 10 years. We gradually lowered our "next car" deposits after the first three years. The Toy still drives excellent, but our needs have changed and we're ready to spend some of our "next car" account.

[@MevsMe32]

I say everybody go new pay off that new car within three years and keep that car for 30+ yrs

[@landonhyde4916]

Going on 3 years with a $600 car put 30000 miles on it so far now it's at 170000 miles Chevy cavalier 2004 I totally agree with you....I've had to replace the alternator and one tire and tire repairs that's it

[@avdmustang]

2001 Ford Crown Victoria with 40k original miles. Tried selling it but nobody believed the mileage was accurate, they assumed it was odometer fraud, so they offered me peanuts. Ah well, guess I'm stuck with it. I get laughed at but it was paid off years ago and runs fine.

[@Robert-wk3be]

Anyone that laughs at you for that is a nitwit

[@benmullins9540]

I work at a small Ford dealer and every week we have a truck pick up all the used cars going to auction due to not selling. Almost half the used cars sit on the lot for months and end up at auction.

[@brandonshaffer3940]

It's not "getting out of hand", it's been out of hand. It's past out of hand.

[@julybliss4440]

Hey but the full time self identifiable and tracking electric cars are going down in price. 😆 🤡

[@cedrict3768]

It's a market adjustment.

[@Urfman]

I work at an auto manufacturer and build a truck I can’t even afford. Corporations have greedy management, the rich keep playing us for fools, it’s time we bring it to a halt

[@brianmatthews4323]

Ironically, Henry Ford's original intention was to produce a vehicle his workers COULD afford.

[@Jake-mv7yo]

A lot of it has to do with emissions and safety regulations. If someone could still build something like a Geo Metro or a 90's truck would be cheap to build today too. Instead of buying a new truck I'll probably just buy from a parts catalog and make a 70's or 80's one.

[@fuckcensorship69]

your government keeps printing money and sending it overseas or giving it to corporations. That's why prices have doubled in the last 15 years

[@josephpearce729]

but wait I thought that is why auto workers always strike because the 25 30 35 40 dollar or more job ain't enough funny thing though about profits you know the thing that keeps a company in business if cost go(labor) up and prices remain the same profits go down to maintain the same profits price has to go up really simple

[@dennishaas4745]

@@josephpearce729 How about the excuse of supply chain shortages and increased cost of parts that is driving up costs not just in the auto industry ! My washing machine or deep freeze isn't going up in price do to auto workers . Prices are up everywhere since covid and companies are taking advantage of it - CORPORATE GREED !

[@MrUnfukwittable21]

Only video I’ve seen of yours and I instantly liked and subscribed. Great Information. A follow up with information on taking advantage of these trends would be a nice extra razzle dazzle

[@someoneatsomwere]

2013 acura tsx. Paid off. 160k on the clock. Gets almost 30 mpg. don't plan on replacing it anytime soon.

[@raggedflaggon9566]

Houses became the price of mansions, and cars became the old price of houses, and executive salaries and shareholder wealth has exploded. Thank you economy.

[@malloryemclaren]

While everybody else’s pay stayed the same, we were run off from our jobs, or some other nonsense.

[@zchris87v80]

More jobs than ever now that everyone's working 2 or 3

[@KyleJon]

You spelled Joe Biden wrong

[@justindavis3332]

​@@KyleJon Neither Biden or Trump can fix this without possibly screwing up the "free market." We aren't a planned economy like what happens in communist countries. The free market did this, hopefully the free market corrects it.

[@IVEdge]

@@KyleJonthe bankers don’t care about party

[@silverdropstang]

It warms my heart to know dealerships can have their cars repossessed😏😊

[@Acteaon]

Awee maaan…me too!

[@hatredcopter838_]

I've never witnessed truck prices that high.

[@JPinShenzhen]

So glad I have been living outside of the US in big cities (Seoul, Tokyo, Osaka, Shanghai, Paris, Hong Kong). Great public transport and no need for a car.

[@Wendigo922]

At the same time, seeing all those $60k+ cars just sitting there gathering dust makes me smile. Screw those greedy fkrs.

[@TheLastDragon77]

Agreed! Most the people I know who own all these toys overpaid for them and appear rich, but are buried. I learned the hard way in my late 20’s when the economy crashed.

[@ghenefoxtheartist9411]

Omg😂😂😂I agree

[@11JackMehoff11]

Sad but true 👍

[@user-vq6no7jr6g]

You're right...fugum.

[@user-vq6no7jr6g]

They can all below us every night...

[@markphillips9822]

I'm not broke but I'm damn sure not buying anything I don't need either.

[@elonever.2.071]

I would like a used truck but I am not spending $30k for someone else's junk. Especially since everything is automatic transmission today. If they didnt get it serviced properly or on time there is another $8 - 12K.

[@jaggsta]

10%+ interest rate nobody buying

[@rickreese5794]

💯👍😎👌

[@sippigrrrl]

@@elonever.2.071My husband is looking for an older truck, even 20-30 years old. People want $10K+ for a 30 year old truck with an automatic transmission. Like you, he doesn’t want an automatic because manual transmissions are pretty easy to work on if they need it, and we both just prefer the manual transmissions. It’s more reliable and it’s kind of a theft deterrent, because most people can’t drive them.

[@ferro706]

Thats true,if not more bcoz mechanics allways add more stuff just to fish more money ,,,I dont trust mechanics and specially car dealers they are the biggest scammers you meet,they lies til their socks get wet.

[@jediron169]

A pickup truck or Jeep costing $80k-90K is just absolutely insane!

[@SavageMcDong]

Take every new car and cut $20,000 right off the top. Trucks... take $30,000 to $40,000. None of them are worth what the asking price is.

[@nzbrotrev9028]

Considering the problems you have with them after only 2 years driving , new cars are rubbish .

[@jimbobaggans1564]

Even if the dealership cuts the price in half, their still too much money. It's actually funny. Hey, have we got a deal for you!!! lol

[@elonever.2.071]

@@nzbrotrev9028 I bought a 2008 Dodge Dakota and was putting money in it at 16 months. I bought a brand new 1991 Toyota Tercel and my wife drove it 16 years before things started to need replacing. I now have a 2016 Rav $ I bought new and it is still going strong. I don't count tires, brakes, oil and wipers...that is maintenance.

[@CautionHighWavesAhead-]

Buying any gas guzzler for that price just makes it worse for stupid consumers and helps them go bankrupt.

[@bankruptsee]

100%. The MSRP is inflated by the manufacturers by at least 30%.. then add the dealer markup and you are probably 50-60% over the value of the vehicle

[@melissap9808]

Good job on this 👍Love the bloopers at the end 🤣

[@ThriftMachine]

Trucks now cost as much as Condominiums did 10 years ago. Ridiculous

[@user-gz4ve8mw9l]

As much IF not higher than a hefty home addition does today. Where I am you can get a mid tier kitchen addition, a 2nd garage, a new laundry room, and brand new hardwood floors. Add to that some other renovations or remodel possibilities. A truck is in the similar price range from a lot of these 100k+ ones.

[@Augrills]

Bro I’m from West Virginia and 2 bedroom home is cheaper than these trucks lol

[@MgtowRubicon]

I have been screwed over by every dealership, new or used, for over 50 years. I have no sympathy whatsoever for dealerships or manufacturers.

[@blackpillfitness9136]

Honestly the car manufacturers themselves suck. And theyre not getting better, theyre getting worse

[@wLBlue]

How'd they screw u? Nobody forced u to buy anything. You sound like those that say they were forced to take student loans.

[@Michael-go4ix]

@@wLBlue i can tell u how, with fancy little sentences on contracts your average person knows nothing about or using deceptive tactics, like asking for downpayment, keeping it for themselves, while then adding that same amount you gave them as debt to your first monthly payments of the car, etc, there are a lot of predatory contracts out there hidden as good business, with an attitude like that it shows how you dont give a F about the average consumer, some people out there that cant even read, for such an intelligent individual your lack of common sense is astonishing, or you were just baiting ,to get a reaction like this?

[@damion1121]

@@wLBluethey screw you because they are dishonest. They’ll shine up a turd and sell it to you for the price of a diamond while the average person has zero knowledge of how vehicles so they have no clue or choice but to trust the car salesmen.

[@damion1121]

@@wLBlue if I go hang a light in a persons home, I could charge them 800 bucks because they have no idea what it took for me to pull wire to the switch then to the light. Or your whole bathroom is dead and I come over and reset their GFCI receptacle but charge em 500 bucks. It’s slimy and you can’t have good morals and blatantly screw people over. Prying on ignorance is not a good business practice. There’s a reason car salesmen have a stereotype.

[@breakaleg82]

When people stop paying ridiculous prices for vehicles, the prices have to come down. The only reason prices skyrocketed is because people were stupid enough to "continue" paying inflated prices. If someone was willing to give me $50,000 for a $20,000 car, I'd take it too. The problem is, now everybody wants $50,000.

[@christophergreen6980]

I see the same trend in South Africa. The reserve banks keep pushing up the interest rates and the inflation keeps rising. Basic cars are way more expensive than ever before so much so that the middle class person struggles to purchase even a small car. Car finance houses now even offer a 94 month term to pay off vehicle to try and make them cheaper to own on instalments if the vehicle values are too high. Eventually the market will crash where people will stop buying new cars. Hopefully prices for new cars will eventually come down to an extent where they are more affordable for people to buy again. Even second hand cars aren’t affordable for people anymore.

[@drDeFF-ub5qt]

There Aint no person shedding a tear for dealerships closing .

[@beigenegress2979]

Nope. Not me.

[@sleptiq]

If it was only inflation, cars would cost 1.25 times more than 6 years ago, but they cost 2.25 times more. Dealerships are too greedy.

[@ashleykathryn9038]

Just the people working there lol

[@beigenegress2979]

@@ashleykathryn9038 The ppl working there rip off customers who buy cars.

[@untitled5422]

What dealerships have closed ?

[@shaunedwards4893]

63 years old, never owned a new vehicle in my life. I keep finding 20 year old cars to drive. Rest easy.

[@markrichardson1657]

finding a decent used car appears to be the answer.

[@pablo4yu]

Same im 21 but i find more joy in older but with personality vehicles… i own a 2007 srt8 super bee, 2007 audi a4 quattro, and 2011 jeep… The secret is to just upgrade them, buy newer headlights newer bumper and body styles upgrade the interiors and buy engine upgrades. Just keep them clean and get new paint wraps to keep them looking new and fresh

[@javonnelson4694]

😂

[@jonah1565]

Yes , I’m glad someone thinks a lot like me..

[@Munchies2019]

I'm 29 and I feel the same way. Also older cars are built more reliable than newer ones.

[@flock9487]

Currently working at a dealership. I’ll be starting my tow trucking business within the next few years!

[@AP-lh1bq]

Nice to see the references to the tubers you included with links in description.

[@luckymanindeed]

As someone else said, we are not broke. We just choose to NOT pay ridiculous prices for a new vehicle.

[@ET2carbon]

And choose not to support the Marxists who use their brands to extort Americans into backing agendas designed to ruin us. This is all self inflicted

[@gtbigdog3507]

That’s me. I rather go on 20 vacations

[@Lisa-tn6mq]

Exactly, and car dealerships better start understanding that we will not buy cars at those prices no matter how much money we have in the bank. Their price gouging is over.

[@schalitz1]

​@@gtbigdog3507Same I'll drive my current car till it dies. I'd rather go on vacation and live somewhere nice, than stay at home in a dump.

[@buniteer]

Same. My wife and I are doing well, we just had our second child and are in the market for an SUV. These prices are ridiculous though. We have no issue waiting. We have a 2014 Kia Optima and 2019 Chevy Bolt, all paid for. I'd rather stay debt free than buy an overpriced vehicle, even though we need one.

[@m4c4c0]

"You will own nothing and you will be happy."

[@roberts7483]

Klaus Schwab- head of utopian and communist paradise , son of German SS officer in WW2

[@Konastang18]

Say it again Klaus!!!

[@tonytunnell9873]

The oligarchs who control the political world are he'll bent on crashing all of the fiat currencies around the world at the same time. Then will foreclose on real property when the pull back credit supply and people that have taken out loans on homes buildings business with fake ( fiat currencies) will be subject to the only choice of a Centralized digital currency that will have a social credit score attached to it. At that point, they will own everybody .

[@carminestokes6376]

kluminati

[@mattvance485]

You got it.

[@tubejay1]

I own an retail and online music store, and our market is very down right now too. So I agree, it's not just cars, it's everything beyond what people need to live, that's seeing sales decline.

[@CornSlides]

My mother is a CFO for a hospital and she’s been having meetings every week to find ways to cut the budget down because they are struggling. They can’t afford to hire anyone so there’s a hiring freeze but the problem she’s been telling them is they need nurses so it’s basically choking themselves. She doesn’t want to screw the nurses they have now over by forcing them to over work. My company is having the same problem. We can’t hire anyone so as people leave, they aren’t replaced. My boss told us to be “reactive” and not “proactive” which is the WORST business advice when it comes to a water/wastewater distribution company🙃 I’m sad but also glad it’s not just me getting effected. This is the reason we need to work together and fix this shit.

[@AverageCitizen333]

A Ford Explorer is a 20k-25k new value all day. A truck, 35k. These prices are just too outrageous. Every bill we now is crazy. Cell phones should be $35 a line for unlimited plans, electric under a bill a month. This new crazy price gouging is out of hand and we need to stop paying it and bring these companies into reality.

[@wildwindjersey]

I drive a 2005 Toyota Corolla. 211k miles. Rusting. Paint peeling. Starts. Every. Time!

[@phredflypogger4425]

Only a matter of time though before the bureaucrats force these old reliable cars off the road.

[@robertmccabe1919]

My girls rolla is a 99 with 350 so I think you got a few more miles in it 😂

[@coryjohnson2486]

I JUST laid to rest my 2009 Civic. That thing was a TANK (even in the snow with decent tires). Toyota and Honda are the best man… ESPECIALLY for older cars (“beaters”).

[@kclefthanded427]

As long as the axle doesn't fall off the freeway and it still runs, it's all good

[@michaeln4018]

Keep driving it and watch it’s value go up. New car reliability is terrible and people are realizing older cars are much better.

[@gaslandrights1745]

We are not broke we refuse to pay these scam rip off prices

[@cgmautobrokers]

You might be... but the hundreds of thousands if not millions of repos and ruined credit profiles say different.

[@spiritunbound9414]

Both of these comments are true.

[@cgmautobrokers]

@dissident112 been staking shiny things for years my self. Stack on.

[@kayvahn2141]

@@dissident112 dude trying to blame the government for this situation is absolutely absurd. open your eyes. the government isn't forcing these companies to fleece us all and extort us. "OH NO MR. BIDEN PLEASE DON'T MAKE ME MAKE A BUNCH OF MONEY!!!!!!" -CEO of Ford in your head the reality is of course that the companies PAID OFF the government to allow them to create this situation. capitalism is a three headed hydra, the state, the church, and the private sector all working incestuously to screw the mass of working people. and then they get on tv and tell you to fear minorities because it's pedro's fault that your groceries cost so much since he came here illegally or it's because "greedy minimum wage earners want to earn enough to pay their rent", has nothing to do with the CEO making 55k a minute. also the government isn't debasing the currency. the government is literally the only thing backing up the value of the currency, and if we were to return to the gold standard which people like you always want to suggest, what happens? well ask yourself, how much gold do YOU own? so much of the gold is already owned by the rich that it would make poor people even poor IN ADDITION to the fact that none of y'all ever consider which is that there is literally not enough gold in the planet to support a global resource backed currency. all advanced economies operate on a fiat currency for exactly that reason

[@dustincrops]

Really amazing well put together, informative video! Very Impressive

[@petecastiglione9710]

Found you through the Tesla Bulls. I was anti-EV until we went to Toyota to place an order for a new car, and they tried to add $4k to the MSRP on a special order! I told them to get bent and went down the street to get my wife a brand new Tesla Model 3 Performance in December. Had the charger professionally installed and she LOVES never stopping for gas to and from work. Taking road trips with the supercharger network. We paid cash for her new car and for $3,750 off MSRP. We were loyal Toyota fans and they lost our business. It’s foolish to get a car loan at a higher interest rate than a 5 or 10 year bond. Bonds are 4.5%, car loans with excellent credit score are 6.5% at best.

[@mcjosh416]

That Toyota would’ve lasted you 20 years. The Tesla you bought I going to fall apart after the first year

[@rickschwab3963]

New Car prices nowadays are as much as a new house price in the 80s

[@qwaurk985]

And new car prices in the 80's are as much as eating McDonald's now.

[@SD-ji9th]

Said the same thing thats crazy💯

[@troyrockwell7744]

Because people can live in a car or truck

[@ZeroX7649]

​@@troyrockwell7744 Why do you guys think the WEF said you will own nothing?

[@midwestoutdoorsman]

You mean 2008!

[@nickthompson2023]

This isn’t the consumer’s fault. It’s the dealership’s and manufacturers’ fault for charging far more than these vehicles would ever be worth. You reap what you sow.

[@s14sr240silvia]

No it’s not lol it’s the governments fault

[@jaunie8217]

It's your fault

[@brentbartley6838]

​​​@@s14sr240silvia No it's corporate greed, despite selling fewer cars, auto manufacturers are making as much or more by artificially inflating prices. Welcome to a free market system. You want to be able to blame the govt for high prices, move to China or North Korea. It's not enough for corporations to turn a profit, they have to show large gains annually to make more and more money for their shareholders and justify the ungodly executive salary bonuses every year. Also why alot of layoff's happen late in the fiscal year, that adds to the profit margin. I'll caveat that you can blame the legislative branch for letting their coporate donors dictate much if not all legislation they pass, that goes for both parties. But then you have to blame the citizenry for voting those asshats into office again and again.

[@danielwaddle4090]

Dealership markups were over 10k in many instances. Their greed was a major factor. I drive a 2012 Honda accord with 188k miles on it. I don’t need to validate my existence with an overpriced vehicle that does the exact job my current t car does.

[@hedgesandhighways]

Stop buying the overpriced vehicles. We have the power. No customers prices must come down because the business will come down. The business owners are laughing and saying…dummies

[@jorgealbarran]

Thanks for the bloopers, I too struggle with words on a daily basis

[@LadyTrice89]

That's why I bought my car cash b4 all of this inflation spiked up. I had a feeling something bad was going to happen when giving them ppp loans and stimulus checks out like water back then

[@rodneyking4183]

We aren't broke. I can afford a $450 a month car payment. The problem, is that won't buy a new car anymore.

[@jamstagerable]

Not long ago (few yrs) a $450-500 car payment was considered *A LOT!*

[@jesseramirez8478]

He said car payment of 700 not 450. Big gap .. js

[@clacal2005]

This means those of us who can buy a new car should start watching out for a good deal. Finally

[@ryan-el9er]

that will buy a new car. it depends what car youre buying and your down payment. i have a 2024 honda crv where i put $6500 down. my payment is $519/mo. but there are brand new cars that cost under $20k still. the payments on those could probably be $200 or $300

[@beckyseward6759]

No no.... We're broke too for sure ....

[@clayton56tube]

I have an old 1986 car. No one can track it or shut it off remotely. I'm keeping it.

[@EMichaelBall]

Lemme guess: Panther body? Maybe Taurus

[@kirkslayden834]

I have a mustang LX 86 four-cylinder it's a pinto motor and it's sitting in my garage because for some reason the vibration makes the bolts come undone on the carburetor but someday I'll get it working again

[@grimaldo99]

This is true, my sister works for a bank making Auto loans and most of them loans are repos. People getting expensive cars and they cant pay for them.

[@freddylawson5211]

I am getting calls from my local Ram dealer every day. They are really desperate. I bought a truck last December and they still are calling

[@ivanvarykino8202]

One thing i've learned during my own path to growing wealth is that when I was young and had no money, I had nothing to lose. What did i care about 15% interest if I could have what i wanted. Now that i can pay cash for whatever I want, I say no way am I parting with $50k or more so i can pose with a new car. Folks, new vehicles are the biggest flush of your money that you will ever experience.

[@chaddog313]

The single worst investment of cash most people make.

[@Big.brown777]

I flex with my cars from 93 :P

[@sprice659ify]

118,000 dollars is only 8,000 dollars less than what we paid for our first house 28 years ago and we built a brand new 2000 sq. ft. brick home! No way most Americans can afford a vehicle this expensive.

[@randymillhouse791]

They can't afford them but the buy them anyway.

[@jasperjazz4467]

To build a similar home today, as a custom house (even with basic trimmings) on land you already own, would cost well over $400k. I know because a friend of mine tried to build on their parents' property, and for a ~1500sq ft house with brick exterior, there was no builder willing to take less than $450,000.

[@randymillhouse791]

@@jasperjazz4467 My house is 1,950 sq. ft. and I bought it in 2022 for $352K. Nice to see that principal getting chopped down and the slight rise in value. Owning a home is a business.

[@frx1p32dz2]

that $118,000 is CAD not USD. listen closer bro mentions "Canada" few times

[@sprice659ify]

@@frx1p32dz2 thanks, sorry I missed that. So as of today, that's $85,950 US dollars. A top of the line, 1991 brand new Ford truck cost $22,795.45, that's a three fold increase in cost. The house I referred to in the original post has increased in value at the same rate, approximately 3 times the original purchase price. Problem is that the house has continued to increase in value while the trucks will only depreciate over time.

[@rabidsamfan]

It isn’t foreign aid, it is corporate greed. Landlords charging too much, banks charging too much, and ceos making too much.

[@natethegreat8141]

I’ve had a Chevy Cruze 2012 for about 7 years now got it used with 120k miles, already put about 50k miles into it replaced a bunch of things in it, transmission etc but eco tec motor has been running good, the market for vehicles is outrageous, I hope one day we get to finally see a fair price for the consumer.

[@Lastride30]

The most satisfying news i ever heard. Car dealerships always act like as if comsumers are buying gold from them.

[@overmydadbody88]

Wouldn't you if your business relied on polished turds lmao

[@lukejohnson1274]

Or like they are doing us a favor by letting us buy a car.

[@Adam-tj4oy]

My wife wants me to sell my 2005 Mazda3 with 105k miles, I say never, it runs great. I will never ever buy a new car, nor a car over $20k. I will repair for as long as necessary.

[@joesmith9216]

2005 to 2012 are those magic years for cars, I am so OCD with those years for cars, even Nissan was still good then, early 2000's are good too of course.

[@alejandrobaez1249]

​@@joesmith9216absolutely not 1999-2008 is the golden years...2008 was recession and companies cut a lot of corners...2009-2013ish are a lot of bad cars

[@joesmith9216]

@@alejandrobaez1249 I said early 2000's too, late 90's cars are to beat up by now, but I love '98 mercedes for example.

[@MartenKrueger-sx4me]

Respectfully I need to tell ya! Tell your wife too sh*t-up...you have a quality car! Note I told my wife to sh*t- up 3 weeks ago!..my Toyota and jeep they run great ! Fully paid off and looking clean!

[@wario1015]

Alright but you can’t be a cheap ass. You can always buy a used car that’s priced reasonably.

[@Bonecollector-ln6qk]

I recently had to buy a new truck 2 years ago. The motor in my old truck blew. Everything shot up in price so much Im steady at being 2 payments behind constantly as of this year. I kinda live in it too right now 😢.

[@kevinharrissr5255]

I have a 2017 Kia Sportage. 60k miles and paid for. Absolutely beautiful copper color. The dealer has been trying to contact me saying they want to buy it back. I just laugh. Why would anyone want to start over with car payments especially averaging about 800 monthly. I’ll be driving my Kia until it falls apart, which may not be long from now seeing it’s a Kia 😅. But until then, new vehicle, nope I’ll pass

[@derekwilliams1066]

What do they expect? NOBODY with a regular job can afford an $80k car or truck! People are struggling. Jobs do not pay enough. This is a major disconnect between the pricing and what the market will support.

[@richardwarren7492]

You're leaving out "trade in values" And longer financing. Go over to good car bad car - the overall numers don't match this guys B/S

[@henrysmith8012]

Regular blue collar workers cant afford these. Add Bidenomics in to it and it's much worse. People still have to eat. Everything is four times the price. 16 dollar happy meals and such. Our Republic is about to implode. Lay offs are increasing daily. Blame the communist democrats.

[@MrBlacxkcobra]

FINALLY SOMEONE SPOKE THA TRUTH 😎😎😎 now get ready for WAR they will have to give them away in the future

[@rodimuspm]

You got that right. The wages haven't change in 10 years, but inflation is kicking everyone butt.

[@richardwarren7492]

@@rodimuspm No, it's not. Corporate America is by raising prices and increasing their profits. Also the consumer also causes it. We just keep buying.

[@williamswetnam4070]

In 2013 I bought a low-end car for $13K and paid cash for it. When I drove it off the lot, it was fully mine. Eleven years later it's still running great. I HATE AUTO DEBT!!

[@princeswagger1able]

2013 could get you a STEAL

[@reddune6185]

I bought a 2007 grand caravan in 2008 used with 6k miles, i still drive it @255k.

[@testpilot.]

​@@reddune6185 my dads car is a old Mercedes with 400k on it it's insane how well made cars used to be. Now they just fall apart if you think about braking a bit 2 hard

[@42luke93]

@@reddune6185 You got the right year. Was the last year with the Column shifter and was traditional looking to the 90’s.

[@reddune6185]

@@42luke93I was a Dodge tech for 13 years, they had fixed everything wrong with that model, and I can still fix EVERYTHING on it. 👍

[@williamfriar6295]

My old pickup, paid off the same day I bought it, costs me, on average, $250/month in repairs. Much less than half the payment of a new one, not even looking at insurance coverage.

[@Lonewolfoperations]

F that dealer markup is a major killer too. I would never pay msrp or a percentage more for a car

[@scottferris6309]

People aren’t broke. They are simply tired of being ripped off.

[@kegtappereiu]

Correction you're not broke.

[@williamstone8782]

Speak for yourself buddy lol

[@gerald8407]

Speak for yourself dude.

[@alex-je8fd]

Majority is broke af

[@cmbyrd1004]

I’m broke and tired of the bullshit prices 😂

[@robertgallagher7734]

Used to work at a junkyard on the weekends 3 decades ago. Always drove junk that I could fix myself. Wouldn't pay new car prices & don't care what the neighbors think. Funny part is that now the junk I drive is cool. Random people stop me on the street or leave notes on the windshield asking if I want to sell. Drives the wife nuts.

[@EMichaelBall]

Red pill fun fact: That harmless drama is catnip to a woman. Keep that car for that reason, alone.

[@WarpedTrekker]

and what is your so called classic car you drive?

[@billsmith281]

I thinks it a Pinto😂​@@WarpedTrekker

[@ET2carbon]

Good for you, why you sharing this?

[@sherirottweilersforever7772]

I’ve had my 77 Monte Carlo since 1989. I’m keeping it forever.

[@DL-mk4mz]

This is partially correct, it's not just vehicle's being overpriced. One of the reasons they became overpriced is because they're far to complex and they breakdown too much, way more often than their old reliable car, despite it's age.

[@carla5484]

Me sitting on the sidelines waiting for everything to go to sh*t so i can scoop up the deals 💀

[@simplysimple7628]

😂😂🤣🤣🙏🏼🙏🏼🤙🏼 Same here. I just watch all the arrogant and egotistical people buy sh!t that they can’t afford. Just for the looks.

[@TheLastDragon77]

It will. It’s inevitable. When everything goes to shit, people who are buried won’t be able to afford it. I’ve learned one of the best times to get rich is when things tank. I’m sure there will be some screaming deals soon enough. I’m already seeing it in my town.

[@TheMallen07]

It’s unfortunate that cars don’t retain value like real estate. Then you’d be sitting good.

[@chickenzeus6616]

Yea, same. Past 4 years just working and saving. And feeling pissed off that I get in my career and can’t afford my first house. Jobs aren’t competing with inflation, but my low income state is competing with Colorado and California prices. Guess we just don’t spend money! Groceries, gas, and bills.

[@edgarhernandez4529]

You gotta strike when the iron hot. Now is the time

[@christophercotton135]

For 2 years these new car dealers have been taking advantage of the people that needed a car to get to work, to survive. Now they are dealing with the consequences of their greed.

[@phredflypogger4425]

To be fair the government is imposing such tough fuel economy and pollution / EV restrictions on manufacturers it is putting the cost of manufacture through the roof.

[@klesko55]

​@@phredflypogger4425Is that why the lots are full of trucks? The dealers have been asking for more affordable cars, but corporate keeps building trucks because they make more money per unit on them. Something has got to change.

[@agoogleuser7834]

Amen

[@HAL-dm1eh]

@@klesko55 They can't build more gas cars, and have now stopped. EPA imposed a very dysfunctional model to get "more MPG" out of their cars. It's on a "as a whole" basis per manufacturer and the lighter the weight of the vehicle, the more MPG it has to squeeze out. The heavier the less. Example: A 3200 lb compact sedan getting 35 MPG is extremely doable now and would be better than a 6000 lb truck getting 25. Most people can see that logic. But EPA says no. That 3200 lber has to be able to do 45 MPG and a 6000 lb truck well ok 25 mpg that's cool. Car manufacturers have been able to even keep up with the EPA, safety, etc standards up until now, but it's really coming home to roost. Meanwhile, foreign competition just floods in unchecked by tariffs, unlike what they do do us. Let's not even get into the other aspects of political and social pressures, and then there's the unions. American car manufacturers are not only to blame.

[@kojoefante]

@@phredflypogger4425please . Stop the bullshyt.

[@TryingToDoBetter01]

Wages are down, salaries are down, and rents are out of control. I have MBA and am senior mgr in a corporation. Managers used to live in nice neighborhoods; we now rent apartments. Not only me; of the six senior managers at my site, two own homes. One is older and bought long ago and the other was gifted from parents. The rest of us rent, and rent is >50% of income. My car is 8 years old and paid off and I have no plans of buying a new car anytime soon. There needs to be a revolution; the capital owners are extracting more wealth from the economy and everyone is hurting. The only ones who aren’t are capital owners.

[@svsantosh1]

I purchased a 2012 Nissan Altima base model in Dubai, 200k Kms, 14k AED (130~k miles 3800$). It runs perfect and I just cannot buy a new car at today's prices. Crazy times.

[@blacksnow5069]

I just bought a 2004 Ford Taurus in excellent condition with only 35K miles on it. Spent 5K for it. It is an absolute gem. I feel like I hit the lottery.

[@melindamcclain835]

They are great cars. I've owned a few of them and never had any problems with them.

[@Chris-ul5lg]

LMFAO ahahahahahahaha

[@davsquaredo79]

Idk that mileage is kinda fishy for that Taurus

[@titolovely8237]

i went shopping for a car about a year ago. i drive a 1999 suburban. went to look at the toyota dealer and when they told me an civic was $43k i literally started laughing. i asked the salesman if he was serious, and he said yes, that's what nice cars cost. i told him i'll just buy another engine for my suburban if it comes down to it and left. they cant charge absurd prices if noone's buying.

[@punishermatt58]

It's not just inflation. It's also corporate greed.

[@monteself6826]

Thanks Joe !

[@nael423]

14 year without car payment!!! My 07 camry 350.000 miles still going strong!!!! Brand new cars prices are ridiculous insane!!!! Do the math people....economy is bad to fall in debt at this time

[@martyc2637]

Thanks I have a 2009 Camry with 199000. Looks like 150000 more life😅

[@kennyparis8742]

It's about to get too expensive to keep a car running. I've got a 99 f350 and it takes $150 to change oil, oil filter and fuel filter. Not to mention diesel fuel has stayed close to $4 a gallon or more. A starter costs $450.

[@WhoCares-ml9fg]

Yes but sadly I'm a decade we'll be forced to buy these expensive cars with unnecessary expensive features that barely save 50% of gas than our old vehicle did.

[@moniquebaskett338]

I’m looking for a used Toyota for a college student, and I don’t care how many miles is on the car.

[@mickeyrob7532]

I have an 07 Chevy HHR, still going strong. I joke that I'm glad I can't afford a newer car that thinks it's smarter than I am 😂

[@Dabket3araB]

I have money in the bank far from broke but still driving my 2008 corolla and will keep driving it as a middle finger to car makers and auto dealers. I will never get ripped off.

[@user-gz4ve8mw9l]

I'm still driving a 2008 jetta, as much as I'm not keen on driving German anymore. I'll be driving it until the day it crumbles to the ground. The price of both new and used cars today is ridiculous, sheer myopic greed.

[@rjl9707]

Good move !,.. now take the money out of the bank, or +-$10,000 in cash at home. Banks are in turmoil.

[@Anonymous-vr9hp]

2011 crv I'll drive it till the wheels fall off

[@bboxx069]

I have a 2010 Honda Accord. Runs perfect. Parts are cheap and plentiful. Will keep it forever if I can.

[@62shearer]

Good 4 U keep it going.

[@seanwhite9789]

The problem for me isn’t a car being $4500, it’s the fact that nobody will finance me for only $4500. I went to a dealer trying to buy a $14k used truck with $5k down when I got in a wreck and I still got denied/ or the monthly payments would still be astronomical. Then the salesman tried selling me a brand new car for $40k and said I’d 100% get approved and monthly payments would be low but I would’ve paid like 20% interest when it’s all said and done. Everyone’s trying to screw each other and you can’t get a good deal unless you’re a friend of the boss or pay in cash or have outstanding credit. My 08 Colorado will do just fine until things get better. Right now it’s just insane.

[@wb7370]

Dude,you explained things so perfectly,car payments can drive a person nuts,I sold my busted Ford truck 3 years ago,took the money from the sale and bought 2 powerful ebikes and two powerful dual drive electric scooters and installed seats on all four units,no insurance, registration,free parking anywhere in NY, making me the happiest black SOB on planet Earth...god bless..ps: saving thousands each year....

[@MicrowaveDave-]

Oh gottcha. (locks doors)

[@wd8085]

I think not everyone is in that scenario where people can't afford them but more pissed at dealers for marking up prices for no reason and now rebelling against them. We will not buy no matter what they mark them down to. Someday corporations will realize they don't control prices, buyers do. All we have to do is not buy your vehicles and watch your million dollar salaries disappear.

[@BlessYourHeart254]

You nailed it.

[@mnn1265]

I could afford to buy two new cars but I refuse to be cheated by these greedy car makers. Forget it, let them go bust if they can't make good products at affordable prices. I will continue to drive my 2010 and 2016 vehicles!

[@ketoauntie7301]

@@mnn1265 Not just affordable, but also quality. The quality has gone way down, especially with way too much tech, not offering base models, not offering manual transmissions (only in high-end sports model vehicles) & using CVT/IVT/EV transmissions!!

[@aljanet1514]

100% agree with you. I am a cash buyer but holding off because of all the price hikes. I have a 1998, 2004, 2012 cars that I paid cash brand new and are very well maintained by me and I can hold off buying for a very long time. They lose.

[@allanpontiere6177]

Yep! It is so easy….unless you are absolutely desperate because you need a car….not want….just do not buy!!!! If everybody would just practice this, prices will come down.

[@dangoleshootnetwork6036]

I'm sick and tired of all these companies building and marketing things that absolutely nobody can afford, and then telling us that we need what they're trying to sell us. If they really want to make money, they would build things that people can afford to buy.

[@MultiSmurf67]

and that would last....new vehicles are designed to break...that is a fact.

[@Yobama007]

It’s simple math but these companies can’t figure it out for some reason. When the majority of people cannot afford your overpriced low quality vehicles of course no one is going to be able to buy them.

[@TeaTephiTrumpet777]

And use rightly, not junk thats easily destroy like ford trucks made out of aluminum and easily broken into by thieves

[@louiseboyd8896]

I paid 5,000 cash for my car....a 2007 ford focus.....3 years ago....put a couple of thousand in repairs....put money away ($2 -3 thousand future repairs) I live frugally....only fix what's dire....and am managing and am grateful and blessed....🙏

[@CrackedCandy]

When the weimar republic (post ww1 germany) went through inflation that was 1000% w day. The news stories were talking about "unprecedented ", historic firsts. But the day to day was so difficult to comprehend it was a train wreck in motion with a mew train coming in on top of yesterdays wreck before it got clesned up