How Timmy Ended Up Paying $80000 For A Honda Civic | Story Time With Omni

[@hotrod1158]

I was washing dishes while listening. When I heard he traded it just for a red civic I put my dishes down and sat down and just thought about the idiocracy I just heard

[@upliftedheartsdaily]

Lol fam had to take a whole minute to allow his brain to somewhat grasp this😂😂😂

[@reespeaks6560]

@@upliftedheartsdaily 😂😂

[@H8r0fStuff]

Sadly this story isnt uncommon. Enlisted Military is notorious for being really dumb with their money. Camaro and Mustang memes are real

[@1pyroace1]

U beat me to it

[@tmolson4615]

MARINE CORPS BAD FINANCIAL DECISIONS WOOOOOOOOOO

[@rinqzywarren7320]

After being a lower enlisted... this is very true

[@YungGaucho]

@@tmolson4615 crayons, mediocre sports cars, and a mountain of debt! Oorahh!

[@l.a6273]

@@tmolson4615 Navy personnel too they love the imports in the Navy.

[@acecombat2shill]

an Si? I wouldn't pay that much for a type R!

[@connordh89]

He could've financed a slightly used M4 for less than $65,000. Not saying that would've been a good idea but he would be hurting less and having more fun lmao

[@scranboob7939]

@@connordh89 fun till the warranty’s over and any repair is 5x any American or Japanese cars

[@brandonnhol]

@@scranboob7939 you'll get a good 5 years of fun then LMAO

[@yungactivist]

😂😂😂

[@Jutols]

@@connordh89 well atleast he got a car that can last 300000miles while being a typical honda owner

[@mroversteer3739]

You could get a brand new showroom Hellcat redeye for that price....

[@AnthroGearhead]

You mean 3 used ones ?

[@mroversteer3739]

@@AnthroGearhead yes lol

[@bryanmartinez6600]

Yeah but it's Dodge quality really just buy the car rip the engine and slap it a In a Baja truck or something like that

[@AnthroGearhead]

If the body is in good shape then NO

[@marcusvision]

Well technically what Timmy was supposed to do is refinance with a credit union. Like I did with my Camry 2 months into my loan. Those 0% apr dealerships parade around want A+ credit so good that you should of been an authorized user since 16.

[@satanism_rocks]

When you use the car list instead of The auction house in fh4

[@DEFECTEDSTREETRACER]

So true

[@samandrew5643]

True 😂

[@Drifter3110]

Facts!

[@colintweedie4652]

One time I got the Ferrari 599XX for a million credits thinking it was the fastest car in the game. Then I realized the 599XX Evo is the fastest car in the game 🤦‍♂️

[@theshield1613]

I buy cars at the auction

[@connordh89]

Timmy: Gets a different car and into more debt because R E D Wall Street Bets: "Come with us brother, you have what it takes"

[@alexrecont5074]

My worlds just collided, 🚀💎🤌🏽

[@OmniRider]

4:30 How excessive debt affects society 6:00 Back to Timmy 9:25 Grand Total $$

[@leamigo2937]

put that in the description so the timings work

[@PlayerBros2]

I would've bought a corrola hatch but I'm glad I backed out when I heard about the gr version coming soon.

[@ExpWars]

It's all coming together 😈

[@bentitus6939]

Or a type R

[@gabrielmorales8916]

Too bad the dealer markup is going to put it around 55-60k

[@THESK8LIFE97]

It’s a great car, looks bad ass and is great on gas. not the fastest but rides and drives so good. Was also my first nice car or brand new car. But I’d agree the GR hatch looks like it’s going to be quite the hoot and holler that I read about online. I work at a dealership and can confirm that the corolla GR is to come to the US in the next 1-3 years.

[@thytor756]

@@bentitus6939 man, Toyota makes GR Versions, not Type Rs....

[@abstreebee]

Hehe I used to work at a car dealership...I have much worse stories.

[@TheBravo13x]

Same, it never ceases to amaze me.

[@TEAMNHL]

Share em with us!

[@abstreebee]

@@TEAMNHL I'm gonna mega simplify this one, but this one lady came in and purchase a vehicle at 10k higher than msrp and then financed it at 64% interest for 72 months. No joke. I still have pictures of the 4 square lol

[@TheBravo13x]

@@TEAMNHL literally yesterday had a customer come in they had a brand new 2020 Prius already all crashed up, bumpers hanging off, and on top of that they come in for their first oil change at 24k miles! 🤦‍♂️🤦‍♂️🤦‍♂️

[@JiggyJiggy21]

@@abstreebee 64% interest wtf ? How is that possible ?

[@basithph8958]

$80k for a Civic? Holy hell! Sadly that’s what happens when you get a loan and go into debt

[@Neil542]

Could of got a m3 or c63 amg

[@drekoolkid4582]

@@Neil542 not really the loan would’ve just been bigger

[@lilPhil15]

The man's credit must be trash if his A.P.R is 17%.

[@angelgjr1999]

Happens a lot more often than you think.

[@youtubemanswagroy212]

@@Neil542 exactly and for much less

[@igreyfox9793]

Timmy is here buying a 20-30k Si 3x, while I'm just trying to get my first manual for 4.5k. Money scares me...

[@johnconnor7501]

What kind of manual cars are you looking at?

[@igreyfox9793]

@@johnconnor7501 Since I live in the northern states, I'm looking more towards cars with AWD, but if I can't find one, then I'd probably go with something FWD and something easy-ish to mod myself.

[@hibutmars1024]

Get a Corolla standard trans with no rust... or, Lord forgive me, a Chevy Aveo w standard trans... I live in Cali, so we don't have to worry about rust and stuff... but I'm sure u can find some stupid little car w a standard trans (I say stupid not as an insult... I used to have a Nissan sentra lel... lovely stupid car... I miss it to this day). Honestly anything fwd with standard trans, no rust, and clean coolant/oil (and obvi, runs good) is a solid first car. Sure, ull be rolling up windows and unlocking with the key proper but it's whatever. As long as it lasts several years problem free so u can save for a nicer car in the future. I started with a Sentra, paid 2500usd cash... and a few years later got an 8th gen Civic Si with money I saved for 11k usd. Honestly bullet proof plan if u have some extra income from work or scholarship and learn to save (dont waste money on dumb things or on things u don't necessarily need... I did that unfortunately but thankfully it turned out okay :). Good luck buddy!

[@igreyfox9793]

@@hibutmars1024 thanks for the tip, I'm probably not gonna find something AWD anymore since they get taken pretty quickly, but I'll make sure to keep this in mind. Might go with a Honda or Jetta (though I'm not sure about the Jetta being reliable...) if I can find a not as rusted and not as high mileage in FB marketplace.

[@hibutmars1024]

@@igreyfox9793 as long as its solid u know... Ive seen standard Jettas with 300k miles still running strong. But ive also seen them fall apart at 120k miles u know (my friend has an early 2000s one and the check engine light won't turn off no matter how much money she's poured into... it sucks in Cali bc u can't legally drive it w a check engine light bc smog law :(((). Still, good luck! And hey, serious talk, if you can't find a cheap manual... so what. Just save ur money and get an automatic that'll last and go problem free for a few years so u can save money and buy the car u want in the future rather than get a car u were forced to get in the present... if u get what im saying... yeah, standard is cool and whatever in the US (and its pretty good for snow too), but honestly, if ur young and are stressing out trying to find a good manual, it's not worth ur time. Believe it or not, most people u know that own a standard trans will let u learn to drive it. Just ask a buddy or a church acquaintance with a manual and ask if they could teach u to drive it bc u really wanna learn. and 9 out of 10 times they'll let u drive it. Then again, a manual is a good idea (according to some mechanics) when buying used bc they are pretty simple machines. Good luck agaim!

[@airwick4u]

Man needs some Dave Ramsey in his life

[@acidquotient6338]

'What are you!' 'I am a stupid sandwich sir'

[@mr.boostang2064]

"Sell the car", "your parents are cousins", and my favorite "you're driving the children's college fund"

[@djpollo2474]

@@mr.boostang2064 "sell the house!!!"

[@lhughes2015]

Ramsey would lose his mind at this one

[@princedavis3007]

@@acidquotient6338 that’s a different Ramsey lol

[@itsmekaaa9635]

Quick story, I tried to buy a type R back when they came out, But since price gouging was at an all time high I decided to settle on a sport hatch. The day I went to look at it I took my mom with me, cause I needed a ride to get there. As I was looking at the hatch she asked me “Is this really what you want? I know you wanted the other one and you are settling for this but will you really be happy with that in the long run?” My answer “it is good enough for now.” She looks over at an Si and says what’s the difference between these two? I proceed to te her it is the in between of the type R and the hatch. Her response “They why not get that one? It’s about the same price and it’s closer to what you want so you will probably be happier with it.” I ended up with an Si... And I have never been happier to not get the “better” car. Moral of the story if you are out buying your first new car take someone who will keep you planted (and yeah I got a lecture about the paint choice too - thanks mom).

[@itsmekaaa9635]

@Sweet Trap Magi nope. Before covid I drove mine like 20k+ a year. No issue. Last week I had to have the ac condenser replaced under warranty. Lack of driving over this last year probably caused the seals to dry out (I have been driving my old IS300 more recently).

[@giftdcam8472]

Anyone else want to tell Timmy he could’ve gotten numerous better cars for the price of that civic, smh that’s terrible. Sometimes you gotta learn the hard way

[@ryadhasanahmed5443]

The Civic Si isn't a bad car but paying a total of 80k for one is ludicrous, like how irresponsible do you have to be with money

[@Thenerdyskater]

@@ryadhasanahmed5443 as the owner of an si i can say best car for 18-25k anything passing 25k you were ripped off

[@tomdubois3062]

Or could have had multiple cars for the money.

[@AliAlhussaini]

I love learning without trying

[@deangarner22]

always buy used cars and pay it off as soon as possible for low interest rates

[@private6549]

I just buy used, period. Within a year a car has "off the lot depreciation" so you can get better deals for cars still in practically factory condition (low miles, clean).

[@The97randomkid]

You have to watch with buying a used vs. new car. Assuming you're going to finance through a dealership, used cars can incur a higher interest than new cars. A lot of times, manufacturers will have "sales" going on with X.X% interest for XX amount of months. I wish I would have looked into that more. I purchased a used 2016 WRX in 2018 and my interest rate was 5.9%. In 2020, I traded it in on a brand new STi and my interest is 1.9%. I had to finance more money for my STi, but I'm still paying a lot less in interest than what I did with my WRX. In conclusion, pay cash for a used car and it will be worth it compared to a new car. If you're financing, look into new cars and the different special offers various manufacturers have to offer.

[@HorseRadish403]

I bought a used infiniti QX60 for 8k. But i spent over one grand in parts. I put the part in it myself which saved me a lot of money.

[@private6549]

@Fiend Busa It depends on the model and resale value. Something like a Toyota won't have much depreciation within a year but other brands will lose a lot of value within just a few years.

[@Slenderman63323]

Or buy like $2k, $3k cars for cash

[@mingusog7036]

My man really bought an entire new car just to change the color lmao

[@spartan7219]

Man this stories make me love my old used V6 Camaro more, i just don't care what people say i'm happy i have a fun car without being in a debt at the age of 19

[@tie2tight]

:)

[@PlumberWRX]

Gayy

[@definitelygoated8798]

Anyone who says a v6 muscle car is bad is just a lame person tbh 🤷‍♂️

[@quixomega]

I'm a bit older, but bought a V6 Camaro because I decided I'd rather have the extra $10,000 invested instead. No regrets.

[@fk7josh223]

For the amount of money he willingy paid for the si’s he could’ve just gotten a type r in the first place

[@slimsid7078]

He would have felt bad and downgraded to a slightly used red type R

[@fran2911]

Could've bought two type R's lol

[@kobesn1fan24]

With his bad credit and down payment amount he still wouldn't have been able to get a Type R...

[@DatBoiOrly]

Man imagine spending 80k on a civic I paid for my hatchback $400 lmfao.

[@Cookiebreedchannel]

Spending 80k on a civic is stupid xd

[@TaijiArban]

@@Cookiebreedchannel spending 8k+ on a Civic is stupid. Granted I only buy used cars so 🤷

[@ryadhasanahmed5443]

@@TaijiArban nah I think 37k for a new Type R is alright imo (if the dealership isn't charging Markups), but 80k for an Si is ludicrous

[@turkeychicken69]

Used cars are the way to go

[@DatBoiOrly]

@Azael it mainly depends what your skills are the cheaper it is the more that's wrong with it(in most cases) the best place to buy them is to use internet applications like ebay and such but check in at your local car wreckers/breakers if you run out of options even give them your number to them and tell them "if X car comes to you let me be the first to know and I'll pay you X amount in cash ready to take it away as soon as possible" in advance so if anything turns up you'll be the first to know. Also back to skills if it's up north and gets extremely cold it'll be prone to heavy so you'll need to know how to patch it up properly if its 100k+ engine (which are usually the cheapest of the lot) you'll need to know how to rebuild the engine and so the best place to buy one is in a dry warm part of the USA year round and if you live in the colder regions is to buy from outside your region for less hassle.

[@jaeb4743]

At first I was like “wtf? How is that even possible?” Then you said he was in the Military and I was like “oh ok that makes sense” 🤢

[@baldybro1186]

Bro as soon as you said lance corporal, all the military guys that view your videos knew exactly where this was going 😂

[@matthewwarren2549]

I literally don't know anything about this channel but I would watch this guy tell car stories all day

[@howswift37]

Thanks for the video man. I’m in my early 20s and this gives me motivation to make the right decisions and not be emotionally lead to make a purchase on a vehicle

[@BaioWithMayo]

Always remember guys, get your credit score high, so that way if you do need a loan its like 5% and you dont pay for a banker to get a new car... dont be like timmy and take your financial life seriously

[@kobesn1fan24]

2 years ago i had to buy my 1st car at 22% APR.. Credit score went from 520 to 715 so now my APR is at 4.9%👍

[@BaioWithMayo]

@@kobesn1fan24 ayeee big win, shame you had to deal with 22% apr but hey you are on the winning side now!

[@xeedflarian9748]

@@kobesn1fan24 I feel you Phil, way to turn it around 👊🏾

[@joshmonus]

When you are actually ready to start taking your financial life seriously, then you will stop borrowing money and being a slave.

[@Rabiiid]

@@kobesn1fan24 thats wild. before i got actual credit my apr for a 15k$ car at toyota they gave me 6%apr.... which is kinda wierd because i now have over 780 credit score and my apr has never changed. Im about to pay it off in 3 months so idk if i should even mess with my credit score for now

[@Jaymake]

I enjoy your stories man. Thank you for sharing. This video was frightening. He traded in 2 Civic Si’s for the craziest reasons. He could have unmodded the first one. Paid it off. He could have changed the color of the first one for a few hundreds. Even wrap it. The financial system doesn’t care about ppl financial intelligence. We just gonna be paying back all our lives. Big goal when dealing with cars is to pay it out cash, or finance it with a lot down & pay it off ASAP. Financial freedom is more important than the liabilities.

[@rowdyrocketeer2111]

I don’t know if you’ll read this but definitely more story times ever since you’re first video I’ve been looking for more content like this!

[@charliecole624]

Buy a $5k Lexus and call it a day

[@Beth8121]

Thats what I just did 😂 I'm gonna buy a miata as my fun car

[@smttywrbn]

@@Beth8121 can’t go wrong there. I’ve always regretted selling mine smh haha

[@FutureKLX300SMowner]

or a 5k volvo s60r 👀

[@CoasterGaming]

Listening to this story and yours, and also taking an intro to business and personal finance class for my semester this spring, I'm thankful for learning this stuff, and when my parents purchased their new cars I went with them so I could learn the buying processing because I'm never financing a car at full price

[@smttywrbn]

I had a similar experience but not nearly to this degree. I had gotten an NB Miata and actually felt like I would never give that car up. Then I wanted a bit more speed so I sold it and went to get a used focus st. I liked it at first but then those monthly payments and full coverage insurance really drag on you. So glad I went the used route after selling it I only had to pay 2k to cover the rest of the loan. Then bought a crown Vic to get me around until I was financially stable enough to get something else. Now I have a Prius c which saves me an unbelievable amount of money at the pump and will eventually get myself a fun car again after i can pay it cash. No more auto loans for me.

[@BenNottelling]

In February I got my first car loan for my 05 Subaru Legacy GT. It's only a $5k loan, but at 36 months and a 19% interest rate. Which hurts, but I'll definitely be trying to pay it off as quickly as possible

[@TheCarpenterUnion]

Big yikes. My advice is pay double every month

[@onesound9344]

Love your channel, it helps me understand my stupid financial decisions, and lets see more stories like this!

[@RTS_2008]

The entire story already made sense once you said he was a lance corporal in the marines.

[@lambodp]

I'm shocked how frequently something like this happens (I've got an uncle that rolled over kia after kia after kia thinking each time they got a "great deal" only to pay more monthly and overall). The new, the shiny, the whatever that lures people to new cars mystifies me, but people, do a bit of research and if you are short on money, buy a 2-3 year old used version of what you like to avoid this headache. If you lose interest in the car, the depreciation won't hurt as much. I'm sure the salesperson saw this guy walking in a mile away and knew the sweet deal he could come up with time after time after time again. Good job for trying to be a good friend and pointing out Timmy's error, but some people will never listen. Thanks for posting to those of us who will make wiser decisions down the road.

[@wolfgang8260]

I have a friend who bought a Honda with 25% interest on a accord. I couldn’t believe how much they took advantage of him at the dealership, sometimes I think it was my friends fault because he thought he had a great deal. He was also showing off all over the gram how he got a new car. At the time I had no car, but later down the line I got a new car so I can commute to work. Once he found out my monthly payments and interest rate he was in shocked and low key hating. He thought my parents helped me with a co sign or with money down, which they didn’t. They were just there with me at the dealership just in case I miss something. Later on he traded in the car for a Toyota truck. I recommend him to give the car to his brother and refinance the car at a lower rate, yet he thought I was not looking to help him. So end of story he trade in the car for a Tacoma, I am happy that he can get a new car but it’s not my problem in trying to help him. He’s monthly payments are 1300$ with 14% interest. It’s annoying how every time I hang out with him he always complains of not having a project car and paying too much. Not my fault you had a accord valued at 50k$ and now his way too negative with the new Tacoma. I tried being the good friend and help out but he thought I wasn’t looking at his best interest. Now he’s gonna be mad when he sees me paying 550$ for a new mustang gt premium

[@OmniRider]

Man...that’s hard to hear?! Your friend is gonna either learn one day or stay bitter 🤷

[@evoljfe48]

financing car mods is wild

[@martso9288]

it's back to the flax fields of seers' village for little timmy. Wow!

[@sarali9714]

RuneScape? 🥺

[@PiroFyre]

I actually did a Timmy about 2-3 years ago and traded in a car for a brand new car. The carry over was $10k and since the dealership only had this new car for 6 days, negotiating the price was not possible. It also didn't help that it was a hot car and dealer already had 3 callers that were going to go look at it. Now, still have the same car, car is now worth more than what I owe left on it and I just refinanced the car and got an APR that's less than half the previous APR so it's been going well for me. Definitely didn't continue the Timmy route.

[@Jaybird-uq3tb]

I hope more people see this and learn from this, blows my mind why people do this to themselves..

[@DEFECTEDSTREETRACER]

Well given you can spend 70k on a kia in my country this is now becoming a concerning phenomenon Spending too much on a mass market brand

[@OmniRider]

Whoa, 70k? Which country??

[@DEFECTEDSTREETRACER]

@@OmniRider New Zealand for the kia Stinger GT im not joking im serious their are examples going for over 70k

[@marius1873]

@@OmniRider In Denmark a new Kia Stinger can cost $90.000! And that's not even with the V6!

[@DEFECTEDSTREETRACER]

@@marius1873 must be taxes then just imagine how much it costs in singapore YIKES 😏 where as in NZ RHD and shipping will be most of the price tag

[@marius1873]

@@DEFECTEDSTREETRACER yeah, there is up to 150% taxes on cars in Denmark.

[@topspeed6553]

I got an ad for the Civic SI on this video haha

[@levim7462]

Only reason I don’t pay my car off early is to build credit

[@RodriguezUS]

You can build credit for free with credit cards. There is no need to pay 17% APR just for that. Unless your loan is 2-4%

[@levim7462]

@@RodriguezUS couldn’t get approved for a card and my interest on my loan isn’t really your business

[@sparkz2718]

I feel this, on my first car i ended up paying $25k for a 9k used 2005 accura tl because the dealer convinced me it was a good idea not to put a down payment on the car i can take it home if i just pay the taxes. Little did i know i was going to pay 25% interest payments for the next 5 years. Drowning in debt the only options you have are to stand pat and make your payments or make a decision to trade in your car for a newer on and hope you get a better deal.

[@jaydenray2803]

This is helping me not give in to financing when I don't need a car and saving up instead.

[@bgforever]

WHAT?! I can't even... I need to be careful with my money man...

[@FadedG0]

The used 350z I paid for with cash sounds like the best purchase in the world after seeing this. Don’t buy cars you can’t afford man!

[@ryanmack3223]

My options right now are a 350z and Hyundai Genesis coupe. I’ve got about 7k cash and a car worth maybe a little more than $3,000. I want something fast, fun, sounds good, and luxury would be nice so I think the Genesis coupe is my best option but it costs at least $15,000 for one that hasn’t been in an accident and doesn’t have high mileage u think it would be a wise financial decision? I think my parents are letting me use them as a loan so no interest rate on the loan or maybe a little interest

[@FadedG0]

@@ryanmack3223 It probably comes down to personal preference, I would choose the 350z. Interior wise they both aren't too luxurious but the Z will probably outlast the genesis as the VQ engine is rated for 200k miles. I haven't driven the genesis but on paper they are similar in performance. The Z also makes a great drift car if you want to go there in the future.

[@ryanmack3223]

@@FadedG0 yea but I z’s are like 10-12k for a decentish one and I’d have to look not it but insurance is probably more it only has two seats and the Genesis looks a lot better in my opinion but I heard the z feels faster and is more fun to drive u can make it faster pretty easily too but it doesn’t sound nearly as good as u can make the genesis sound imo

[@Yakiniq-n7o]

Car dealerships LOVE this man!

[@Master-of-None-88]

Thank you for letting us learn the easy way!

[@Aspen910]

“Promoted” is a strong word for a rank you get for just staying out of trouble for 9 months. At least he didn’t spend that much on a used and abused v6 mustang. It’s pretty normal for boots to get a 17% 6 year loan.

[@outphoxed91]

Car payments are no joke. I thought they were the same as private student loans where you could pay them off early but they factor in ALL of the interest over the term. 5 years for me. It's insane that you can't refinance... Now I'm financially crippled

[@felixf4378]

My gf will pay $60K for a base model 2018 jeep renegade. She rolled some negative equity from her old car and got a loan with a 18% interest rate. I warned her and explained everything to her. 2 years into her 6 year loan, she finally gets it.

[@unironicdoomer614]

I can’t imagine accumulating this much auto debt. Even though I’m really I to cars, I wouldn’t even think about a 4plus year car payment. I’m perfectly happy with my cash bought ‘06 Silverado.

[@sdjrinc.6921]

I still remember going to my local Honda dealership to see a new Civic type r it was roped off with the doors locked and said do not touch, I said literally my pickup truck is double the price are you kidding me.

[@brooksallenyoung]

I owe 17.5 on my 2015 mustang gt. Have had it 2 years

[@kobesn1fan24]

Nice i owe 12k on my '17 Sonata getting ready to trade it for a '14 GT 👍

[@0-Mustang]

I owe 12 on my 2010 gt

[@WHO-xi4zp]

Gotta watch those miles when buying used trucks. I see people financing Cummins with 200k miles for like $20,000 then complain when their truck starts to fall apart and now they don’t have a truck and are still in debt.

[@lucasdaignault3466]

I am 16, I bought a 2007 accord exl with 100k miles for 5k. I plan on driving that thing onto the dust. The thought of debt especially hearing stories like this really turns me off expensive stuff requiring loans

[@hibutmars1024]

sorry for those in debt... that is why I buy all my cars cash... my parents kept telling me to just finance a car to build credit, but at I honestly didn't want to take the risk (I'm a student and my only income is scholarship money... and my family is poor despite their dedication to support me). I bought my 1st car, a Nissan Sentra, for 2500usd (more like 4000 bc it needed a tires, brakes, a ton of fluid changes, etc.)... and I bought my second car, an 8th gen Civic Si, for 11000usd... all u have to do is save money! Admittedly, I saved money from my uni stipend/scholarship... but it isn't even close to the amount that a full time below minimum wage (at least for the coastal West of the US) job will get u... all u have to do is save and be realistic. You can still get a sick car in fairly good condition. Sure, my Civic Si has miles and many scratches and dings... but it still revs to 8000, still changes cam profiles, and never grinds when shifting (it needs some suspension repair and tires soon but honestly dont even drive it that much... and when I do, its mostly to a store or a friends house)... good luck to all those with car debt and please be realistic if ur young and looking for a used car... literally no one will judge u if u r carving about in ur Chevy Aveo or doing motorway pulls in ur parent's Toyota Sienna (if ur doing it safely, that is)... I think rcr said this --> 'your first car should make u money', not the other way around.. and there is nothing wrong paying only cash for ur car if u feel unsure about ur financial stability. Also, a nice car will only get attention from preteen boys and other car oriented teens/college students... if u think ur gonna get girls with ur new financed car, forget it lol, Chad's barely running slipping-automatic single alloy w/ tires balder than ur uncle Joe 2007 Kia Spectra is more than enough lmao 😅

[@eliteboss818]

Meanwhile I bought a Genesis Coupe for $13.5 k after my old car got totaled, freaked out at the payments, and returned it within the 5 day grace period for a $7.5k econobox. I ended up being able to save up and finally get a damn nice desktop.

[@ryanmack3223]

I’m lookin to buy a Genesis coupe right now. How much did u out down on it?

[@JohnStax98]

Loves these stories

[@broadside8326]

i went a similar route in my life. buying cars and roll over debt into the new one with added rims and expensive tires. i just stopped,kept my honda accord 2.4l cu2 (usa acura) drive a vw polo 1.0l from 93 with 45hp (in mint condition)to work. and have a vw dasher coupe 1.3l 55hp (in mint condition)sitting in the garage for sommernight drive outs. i just stopped consuming and buying stuff to attract people that i really dont even like. im 47 now,debt free and besides rent,food and other must have like insurance...my whole income 3200€ after tax goes into my nike shoebox as cashmoney. since the banks messing around by trying to end physical fiat,im thinking about to change my wealth into 999 fine gold by the gramm. yall know these 50gr goldplates where you can brake off 1 gr pieces... no matter what happens,i can always change that into current fiat on this planet. gold is somewhat stable with highs and lows but better the yearly 2.5% inflation by the central bank. i think i will do that in the near future,just to get rid of the smelly notes and be a little more safe not to walk up and just take out cash just because i think i have to consume something that....you allready know😉 my honda is still fresh after 10years. i love my vw polo breadvan because it costs nearly nothing and my vw dasher sits most of the time in the underground garage chilling. i used to hang on the pcu and buy air jordans every saturday just to have the feeling to beat somebody and have another box to stuff up in the room...🤦🏾‍♂️ glad i almost sold everypair i have bought over the last 6 years. i love living in peace...my mind is at ease...real freedom. yeah i could picture myself in a hellcat and could even buy it cashmoney.... but why? naw...im good...🙏🏾✊🏾

[@luishimself2595]

I love the accounting terms used in this video

[@ristokaratisto6068]

I wasnt even a typer r damn

[@alexanderjs11]

I brought a used 2015 accord 6 speed manual for 14k. Now my credit wasn't the best but I know I ain't paying no where near what buddy paying. And I'm gonna refinance it before I even THINK about rolling that debt over to a more expensive car

[@TheCarpenterUnion]

I paid 32k with 8 down for my Golf R and hate that I have a payment every day. 10k, 2 years left, then I'm never doing it again

[@Ipodman9]

A boy that’s why i paid cash for my 16 Miata and have dropped 6k+ into it so far. With 0 debt

[@drekoolkid4582]

I’ve done something very similar to this and I feel like a fool, but hey lesson learned

[@drekoolkid4582]

I’ll end up paying 40k for 2019 civic ex coupe. Gotta try to refinance it

[@wenethmoon6587]

My run with cars has always been crap but a few years ago I finally bought a car that has almost doubled in value due to Holden closing down

[@JoseAlexanderSantillan]

Timmy got royally screwed when he bought that 2018 Si.

[@liko098]

The civics are lovely, but this is the biggest issue car debt is the worse debt. The problem is you need someone to be their to help you out. I bought my first new car 17 Honda Civic Touring. Love that car I didn't put a penny more other than when I bought it $27k OTD. As soon as I paid it off I was done I didn't go trade it in or nothing why would I trade this solid car when it runs like a champ. That is the biggest problem when people just jump on cars. Always try to get a 0% or a very low interest rate that is what also screws you over ot.

[@aquabatzap7698]

Don’t buy cars more than 10-15k if you’re getting rates higher than 10%, put some cash down if you’re getting rates higher than 5%, don’t buy cars that excessively depreciate if you don’t have to, use cash down to eliminate as much negative equity as possible. If you want to flip out of cars every year or two it’s going to cost you money.

[@anonymmc2764]

Ouch. I once owed my parents around 1k for my car... Never again! The car price should be proporitonate to your income. If you cannot afford to buy in cash (doesn't mean that you should buy in cash), DO NOT buy it!

[@Dcc357]

Damn. I got 1.9% APR for a new Golf GTI SE (mid level trim). That's a much more expensive car, plus got a 13% discount since I'm an employee. Financed just over $29,000 after a $5600 down payment. That was after taxes, registration, and other fees. This would actually be the same price if I bought a base model one at a dealership I don't work for. I felt guilty even after that because I've always had used cars.

[@mrhades6420]

I recently bought a 2018 corolla, I pay 484 a month and 24% interest! I wasn't planning on getting it because of the payment but my parents told me to get it because salesman told Us it would help me build my credit.

[@abdullahalaziz7897]

Me here chillin with my 20k Hyundai Kona.

[@blakek2619]

Never buy a car less than 2 years old, let someone else pay for the depreciation

[@fran2911]

True, looking at new cars should never be an option unless it's for work

[@XxDiamond44xX]

I work in auto loan servicing, I see 28% apr all the time.

[@Eapp1480]

This is insanely accurate Ppl walk to the slaughter for car debt all for perceived Clout Sadly a car loan is so normalized nowadays just like phone loans smh

[@GhostGhosty]

the phone loans are just as bad as car loans and yet they've been completely normalized

[@Tachyon836]

Here I am being wary about rolling over the last 3k I have left in my base impreza to trade up to a base WRX. It's only 16k, pretty tempting and I live at home and work full time rn I'm thinking about it. But 20k could take awhile to pay off, idk I make a fair amount, I'm entry mechanic, or basically a glorified lube tech but I make a fair amount

[@MrJmoo123]

Most adults have auto debt, not many people have 20-50k cash to just throw down on a new reliable vehicle. I just bought a 2021 Toyota Tacoma trd off-road. I wouldn’t have been able to do that without taking on a loan. Granted I have good credit so I got a great apr of 2.9%. So no I don’t think auto debt is a bad thing as long as you are financially ready to take on the loan and get a good deal.

[@RodriguezUS]

Since when buying a brand new vehicle became a good financial decision?

[@MrJmoo123]

@@RodriguezUS buying the right brand new car is a great financial decision. The truck I chose has the highest resale value in America right now and has for the past 10 years. Prior to this new truck I owned a 2008 dodge 3500 6.7 cummins. Within 2 years I had put over 10k into it just to keep it running and I was tired of that so bought a brand new Toyota. In 5 years from now I’ll be able to sell my new truck for pretty damn close to what I bought it at. So I agree that buying a new vehicle isn’t smart unless you are buying the right one.

[@MrJmoo123]

@@RodriguezUS in short Toyota’s don’t depreciate much and that’s fact.

[@MrJmoo123]

@@RodriguezUS and I traded a truck in for it so I can never be upside down on it.

[@terrellfair9812]

I dont think ill ever be moved to buy new let someone else take the hit besides it may not be new but its new to you and thats what matters

[@itstaemonson]

I think reading that title made my nervous system breakdown

[@djgoodday]

When you're too broke to properly care for your 🚲 but, you still got something that can get you from point A to point B 😈😈😈

[@luckduck5031]

He definitely went to 1 of those sketchy military dealership

[@Carvolution11]

80000$ not even for a type r

[@jackm7282]

As an 18 year old gen z I feel you on the debt comments. Everybody my age avoiding debt like the plague

[@OmniRider]

Yeah. Learn from us millennials. We dun goofed

[@TheCarpenterUnion]

@@OmniRider and boomers.

[@Tycy2014]

if i had a apr of over 3.5 i would walk out instantly.

[@TheCarpenterUnion]

My credit score is 780 and best I can get is 4.09

[@Tycy2014]

@@TheCarpenterUnion bs I have a credit score of 680 and got 3.21 apr, go get pre-approval at a credit union not at a car dealerships Edit: it is only low because I don't really use credit and don't have many lines open.

[@GozBrian]

This is why I only shop on Facebook Marketplace

[@LiLsIcKViDeOs]

That's horrible!! And you still forgot to factor in that car payments for the first few years mostly go towards paying the interest not to the principle.

[@gxbeeee]

19 and almost have my subie payed off, thank God I was decently taught how to handle money.

[@TheIndulgers]

$70k+ for not even a Civic R, not even a new Civic Si, but for a USED Civic Si. I might have brain damage from listening to that story.

[@typicalcanadiancarguy7006]

The worst part he spent this much on a civic si. I'm Canadian and my civic costs $32,000 with a 6.98% interest for 7 years. Since it is an open loan i can put more money towards that loan now im looking at 2 years paying $3000 in interest which isnt that bad. He's spending another $73000 more than my civic. There are dodge vipers for sale here 2007-2009 with 50,000-75000km that are selling for $70,000-$80,000.

[@RobertUrsery]

This is wild… and my Audi A4 Quattro total interest and all will come out 32k total .. 432 monthly

[@mr.fabulousmegardev6256]

clickbait title, not A Honda civic, but THREE Honda civics jokes aside, dayum man.

[@battletoads22]

Before watching the video: How do you spend $80,000 on a Civic?! 1:53: Wait, he was a Marine? Well, that makes sense, then.

[@richardmedina707]

My sister in law is 50k in debt for a 2018 Nissan Altima SR wants to get a new Toyota Highlander platinum (45k) car

[@codyfuchs6198]

This is the reason why the military makes you take a finance class every year. Sadly 90% don't listen to it and end up like this. Thankfully barracks are rent free

[@MinecraftDj1990]

There's a famous saying "Don't mod the banks car"

[@GOODGAMERLOL]

I’m in college and just got a 2021 Honda Civic EX. $400 a month for 72 months. I plan on paying it off in 3 years.

[@fran2911]

Could've bought a 2019 model for $380 48 months, not only you overpayed 10k upfront, you're going to lose another 5k in depreciation in the next two years, I'm sorry

[@Slo_300c]

Financed my first car from a dealership have to pay 20k for a 2014 Chevy Cruze with 90k miles when I got it but had bad credit smh

[@clo8862]

I had something similar happen to me and still is happening to me with a honda accord i bought .. wish i made a smarter decision with my finances