WATCH THIS Before Buying a Car in 2024

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[@sinebar]

People are going to start driving their cars longer instead of trading in for new. I bought my Toyota Corolla new in 2020 and I plan on driving it as long as I can.

[@EmanM45]

And my thinking is that is why Honda and Toyotas have the lowest inventory. More people are concerned about longevity and quality because they’re going to keep them longer.

[@dezawol9786]

MAKE PLANS TO DRIVE IT TILL 2089. WILL LAST

[@Cybersawz]

I'm still driving my trouble-free 2003 Tundra, and the wife still runs her 1997 Accord. No way we're buying new!

[@5dc61]

Maintenance maintenance is key, stay on top of those oil changes!

[@m42037]

2020 that's almost new lol

[@lcrtz3611]

All those pre- covid prices are never coming back, this economy is beyond repair at this point

[@NatalieDemary]

That’s not how markets work… The higher something goes up the lower it eventually plummets

[@1wheeldrive751]

Except every dollar is worth 18% less than it was in 2020. The rate of inflation has slowed, but it hasn’t reversed in deflation. You’re never getting that 18% back.

[@Honeycomblife]

Toyota Rav in 2016 was 5 yr loan/ 300 payment ,vehicle was priced at 20k my how have times changed!!

[@rickpeverill7365]

Bidenomics?

[@67judge]

Just keep the car you have and get it properly maintained 😊 These are definitely not the times to keep up with the Jones’s.

[@fragoutrambo6381]

Wish I could. I honestly love my Mazda. It's got 108,000 miles and still going strong. Had to do some gasket work recently which was expected for a 9 year old car. But I am trying to buy my first sports car and having two vehicles to maintain and insure is considerably expensive.

[@mikemayers8672]

Nah cars are meant to be driven they rust break and wear out

[@mbank3832]

Car dealers are screwing themselves selling cars at high price. Markups have been insane...

[@rrsd700]

No! Consumers are screwing themselves for buying overpriced pieces of crap!

[@firsthello7618]

No, people were buying them so they kept selling them. If someone will give you more money for the same thing wouldn’t you take more money?

[@Sam-M7]

That’s right and plenty of brain dead morons who happily payed the ridiculous prices.

[@mbank3832]

@@firsthello7618 umm, no. sure, there are some suckers that will pay markup but dont forget there are also people with common sense that are smart with their money and those smarter people outnumber those that are dumb enough to pay those markups

[@kyles2232]

​@@mbank3832I'm not so sure That smart people are the majority....

[@bryanbrasile2703]

The story with the auto market has been "wait and prices will get better" for about 3 or 4 years now....

[@marlenejennifer3514]

Exactly they can stop talking now but I guess they need the clicks and views 🙄

[@JesusisKing03]

I'm so glad I didn't listen to anyone who kept telling me I should get rid of my 2017 Honda pilot because it's so "old" 😂 well it's my personal Lamborghini because it takes me everywhere and has not failed me yet 💁🏻‍♀️ I plan to drive it for hopefully 10+ more years!

[@Cybersawz]

Old! LOL! It's barely broken in!

[@kyliewhite2248]

2017 is old? Well, I guess my 2009 is ancient then 😅 Still hoping to drive it for 5+ more years.

[@m42037]

​@@kyliewhite2248🤣

[@remidibeatz8780]

​@@kyliewhite2248Im wit you! My 2007, paid off, going strong and wont buy another until it clanks. My mechanic tells me all the time "Ive never seen someone take such good care of their vehicle like you do"

[@alittlehelp812]

My 2006 Honda ridgeline has 330,000. After replacing the struts, it drives like when I bought it with 55k miles on it.

[@micker9830]

Best thing you can do is drive you car till the wheels fall off, then have someone put them back on and keep driving it! Any newer car will really hurt your finances. Taxes are more, insurance is more, car payments etc...Then you worry about getting a scratch or getting it dirty etc lol. It's very tempting to want to get a fancy new car and show off, but unless you are doing great financially, resist that temptation. It's only new for a short time, then it's just a car. Put that money in a CD and make 5% on it, instead of paying 9%+ and having a high depreciating asset.

[@50whatnomadtravelnursemtb5]

exactly, this why I buy Japanese made cars, they last!

[@jordanmatthew6315]

@@50whatnomadtravelnursemtb5 Toyota my bois!!!

[@PoisedSkydiver]

CD's are horrible. More like CDeez

[@St0neknee]

Rofl... cd..haha silly boomer advice. Watch that fiat money MELT

[@jbrown8601]

Amen

[@NattyGymBro]

Not only have automobile prices skyrocketed, wait until you see how much it costs to insure that new car.

[@mikemayers8672]

Not that much

[@michaelbaja1854]

You must have an EV. Those vehicles are totaled after most accidents. Too expensive to work on an no skilled techs to repair them. So they are thrown out...Really great for the environment!

[@NattyGymBro]

@michaelbaja1854 I have ICE and EVs. The cost of both types have gone up. No tickets, no accidents either. The cost of insurance has just gone up because new cars are more expensive to fix.

[@debyerickson7394]

My car insurance went up 60 dollars

[@amardave84]

My insurance went up 20%. It was insane jump YOY.

[@jimmykim2497]

Better to spend $2k on repairs then have car payments.

[@m42037]

I'm spending 2,300 to have my transmission rebuilt in my 07 Impala, 214k miles.

[@wilhoite412]

Bad advice

[@daniellefennell3877]

good advice

[@1UchihaItachi]

my 2001 Toyota Camry with $194,000+ miles is still going strong and I will drive it as long as until it literally falls apart.

[@jimskatr103]

I ONLY buy late 90s early 2000s beaters. Easy to work on and reliable!

[@jbrown8601]

💯

[@michaellightbown9492]

Rough in the Northeast. Most are all rusted out by then.

[@fuckhandlesgivemynameback111]

Same here, modern vehicles are just not worth it.

[@civicboi96]

And if you can find one that's been well taken care of you will never replace it

[@ruthlessmofo]

​@michaellightbown9492 aren't there rust prevention products out there that can prolong the life of those old cars?

[@thetapheonix]

I don’t care about incentives. If they want an incentive, lower the price.

[@nKm-2023]

Maybe if the incentive worked out to 30k

[@j.tradeforexinc.2819]

Facts

[@jameswarner300]

Incentives mean nothing, don't be fooled

[@robertsaget9697]

incentives are just the amount the dealer adds on or refuses to take off

[@ryanc4955]

I think the worst part is that 95% of America is so car dependent that people are forced to go into debt just to go to work and get groceries. Sad

[@user-se2uv8cl4p]

Exactly! Zoning laws built this disaster. The USA is one gigantic parking lot, essentially.

[@danielt4396]

You nailed it!

[@Griffindeleon004]

We Americans rather not share public seats with serial killers weirdos, creeps gangs. Etc on public transits. And we prefer freedom over specific government approved routes.

[@ryanc4955]

@@Griffindeleon004 lol you mean the government approved roads that you use and pay for? And please show me with data how public transportation is more dangerous than driving. Quit trolling

[@carmenedwards3863]

Ain't that the darn truth

[@jimmynickels6248]

Umm - dude is spouting facts without unnecessary fluff and loud edits. I just subscribed.

[@amtp26841]

I still drive my 1st car from 1995 @ 365,000 miles. Insurance has gone up from $460 to $850 for six months. It'll rust out before the engine dies.

[@rebeccal782]

I’m still driving my 2001 with 175k miles

[@survivingandthrivingwithfa4813]

1969 ford, 788,000 miles. 1000 in repairs come 2024.

[@2Cenery]

New vs. used is all subjective. Buy what you can afford and try to keep it for many, many years. Most people who get stuck in the car market debacle are those who have chronic trade ups (like phones). You really don’t need the newest or most up to date anything each new year.

[@kthiggem82]

Right

[@EdithR940]

Wish my stupid brother and his wife would understand this, always buying the new phone, trading the “old vehicles” for the new model. I just don’t understand how anyone would want to be in debt for life.

[@banshong3997]

Those who don't go for the newest n more expensive are how millionaires are made that's my philosophy

[@ApoJake13]

I've had 4 cell phones total in my life. I'm 38 years old. My iPhone SE from 2020 is working just fine, tyvm!

[@rodneyo2916]

I bought my ford ranger brand new in 2002. I’m still driving that ranger today.

[@ia6980]

Wow amazing, how many miles does it has?

[@aware24]

So basically you peaked long ago

[@tiz6549]

Brian I don't know anyone spending money on new vehicles! Maybe ppl with money can but the ppl I know - we're just trying to survive and keep expenses low!

[@charleslavoie5402]

Everyone leases

[@williamfrench9973]

And yet… Toyota is setting sales records. So clearly some people ARE spending money on new cars.

[@tiz6549]

@@williamfrench9973 - I think I stated that I don't know anyone! I did not say no one is buying - pay attention!!!!

[@Max2nice]

Acura , Lexus, Toyota , Honda only. My entire family will never buy anything else.

[@Tomasthe1st]

Thank you for the update. I was literally at the car dealer test driving a used 2021 Camry Se with 70k miles selling for 21k. I think I will continue to wait.

[@InternetUser._]

21k? 7k overpriced 😂

[@MBarberfan4life]

Way overpriced.

[@martinvalencia6141]

just wait until the tax season money dries up. Prices will fall even further no doubt.

[@MechE11B]

It already has. Lots of used dealer youtubers reporting on this.

[@blasiankxng]

yeah I give it 2 weeks lol

[@Koushi82]

Correct those that didn’t sell and clear out by now will be losing and going bankrupt

[@panama2468]

@@blasiankxng i would say starting end of May, ppl still are reporting returns in April

[@mucho_mu]

New cars are still more affordable than used cars, these dealers are trying to sell used cars as brand new.

[@thetapheonix]

Used car prices are still ridiculous.

[@magdalo4473]

Used cars have highet APR.

[@Mr.SuperDuper-idk]

Idiot

[@Rsxxx21]

​@magdalo4473 pro-tip: get whatever % they throw at you, do the deal, and drive away. Once the loan is finalized (few days maybe?) Pay off the loan in full.

[@thetapheonix]

@@Rsxxx21 If he does that he needs to make sure there isn’t an early payoff penalty, lot of places are doing that now.

[@higiniomorales459]

Don't buy new if you're not planning to keep it 10+ years, buy certified pre-owned if you're planning on trading it in within 3 to 6 years.

[@wreckitralph4714]

We went to buy a car yesterday and the guy would not move an inch. Was a typical car salesman. We left.

[@50whatnomadtravelnursemtb5]

this is the problem, they are stuck selling at high prices if they even want to recuperate their money they have in inventories....Toyota is doing it right, keeping production to almost even with outgoing products.

[@teeskcirtap]

I go in 5 mins before they close, either work with me or tell the Finance Manager, Sales Manager that they stay late for nothing.

[@itskeagan3004]

Ralph, it’s the 21st century. Dealerships are competing heavily with each other for internet traffic. It makes zero sense to advertise bad prices - use some logic here.

[@wreckitralph4714]

@itskeagan3004 Oh you weren't there the guy was ridiculous. He was trying to give us five hundred less for trade in even though it was on the paper, the price. We pointed that out and he's still like I can't change it.

[@Duro_tcg]

crooks. they make money by ripping people off.

[@appleforever6664]

BUY TOYOTA AND HOLD FOR 15-20 YEARS!

[@greggpurviance7252]

USED TO BE GOOD ADVICE, NOT SO MUCH ANY MORE

[@loveubobby]

I suggest you by an older model. I have 3 Toyota still going strong 2003 2004 2011​@@greggpurviance7252

[@JackChit-pv3dj]

@@greggpurviance7252still is

[@davidjsouth231]

Just bought a used car for my daughter from a private seller. Really nice car for years and mileage. Dealer would have charged at least $3-4k more

[@countryliving2022]

I just did the same! Good job!

[@TalkMoAboutit]

Where did you find it?

[@kauigirl808]

Never ever bought a new car. I bought my used Lexus ES350 for under 10k before the covid and everyone thinks it's still brand spanking new. I recently did 3k of repairs. Should treat me well for a good while.

[@takethecurseOFFwashingmachine]

Can I call you Scotty kilmer?

[@kauigirl808]

@@takethecurseOFFwashingmachine sure lol

[@shaneskywalker7945]

(Insert laughing horse picture here)

[@matw1x]

Whether you buy new or used, keep it for as long as possible.

[@caddymac6917]

Forced to buy a product one doesn't want =extortion

[@AK-bw8xk]

New cars are annoying as hell. No buttons, loud buzzers, unnecessary safety BS, no mechanical parking break, gaudy lights everywhere, and waaaaaay to expensive.

[@krisg3984]

And they listen in on everything you say and how you drive

[@John-zh1ud]

Very true. The no buttons/no keys thing is annoying. How do I change the air conditioner and where did the keys go!

[@papapickett7267]

47k for a machine that only depreciates in value. Unless you are using it to make money, dont do it

[@serggeniai1]

I only buy new cars. My Honda has been soooo flawless. It’s a beater car, it makes me sooooo much money. It’s paid entire real estate loans. I got it with 38 miles, it now has 235k miles. And it has all original parts. Got it for 22k, have probably put 12k in maintenance over the years.

[@marksgoogle4360]

The real economy is over and i know people getting laid off everywhere. US Auto companies will be looking for another bail out

[@conchobar]

And the politicians they donate to will give them one.

[@chameleon2432]

Yup

[@josemarquez86]

History repeats itself again😂

[@auronedgevicks7739]

this is why I see no deals for 2021+ models. They are high milage and cost almost the same as new (with options of course) but the savings isn't here. Might as well buy new or older

[@goldstandardaviation1667]

Buy assets--not liabilities

[@OneTakeTuber]

Can't drive an asset though

[@Jack-pd4ps]

The best thing to do is buy a fuel efficient car. It’s nice to drive without worrying about gas.

[@kowalskivideos6476]

There’s a good reason why there’s low supply on honda and Toyota.

[@KnownAsLeo]

Those average auto loan payment amounts are staggering. I'll settle with a 10+ year old, well maintained car that I can buy with cash and invest that few hundred every month.

[@Von921]

Still driving my 2007 Honda Fit with 221,000 miles on it. 😅

[@kckuc310]

That’s sad the monthly payment, that’s why folks don’t save anything for retirement

[@m42037]

I been retired most of my life lol

[@loretteparrillo4170]

My husband and I share one car now that we’re retired Saves money on vehicle repairs, insurance and gas We just manage usage. Btw it’s a 2009 Infiniti, well built vehicle, and we will drive it until we can’t anymore!

[@Kevinw4040]

I'm so glad I bought my Ram in 2017 before things went nuts. Sticker price was 49k then its paid for now I'm driving it until the wheels fall off. New sticker is like 69k

[@reginakrauser9146]

Amazing as usual! Brian thank you again! We appreciate the info you bring. 🙏🏾❤

[@fatbart8551]

The price of Toyota Siennas sure aren’t dropping! Been watching it for years now. Used ones cost more than new ones!

[@ItsAllCulturalMarxism]

Yeah, 2023 XSE with only 1500 miles, no extra options going for $52k. New car MSRP is ~$47k. New cars have $5k mark ups.

[@TheFinanceZone]

Been watching your channel since the stimulus updates in 2020. Love your show!

[@kolis_lady]

Same lol

[@kamikazikaizer]

The days of trading in your vehicle within 2-5 years is gone. Manufacturers like the big 3 going to be impacted. People will drive their cars longer by buying reliable cars like Honda and Toyota

[@benjaminwlang]

I bought my new first car last year at 0.0% apr. I'll be driving it for 10+ years.

[@daviousking3828]

Interest rates are still way too high. If you can't buy it straight out

[@Zay.physique]

I don’t know why no one is mentioning that part. Sure the prices are dropping on cars but not APR

[@AZ_WEDDO]

Been Driving my truck for 17 years i don't plan to buy New till my home paid off

[@lotus956]

I’m looking at a 4 Runner but will be going used. I can’t wait much longer as my SUV is giving me too many problems. I’ll let someone else deal with it.

[@WineHouse33]

Make the car fit the monthly payment available factoring inflated interest rates and car prices. Incentives are useless for most

[@micker9830]

Of course the only good brands to buy, have the least inventory. I doubt I would buy any non Japanese car today personally, DEFINTIELY not an American car(you won't fool me 6 times in a row)!! I still have my 2005 Lexus RX330, that is running strong. Thought I would have needed to replace that years ago, but it just keep going with no issues. Had a Honda CRX with 350K miles on it when I sold it. Every Honda or Toyota I have owned, were fantastic and very reliable.

[@Mason-kern]

Facts

[@77kate63]

Just out of curiosity, how many miles are on your rx330? Did you need any major work done on it?

[@marie2511]

THIS!!

[@andrewvirtue5048]

I worked in production _and_ assembly factories for American and Japanese brand cars for years. Yes, the quality standards aren't as high for the American brands, but they aren't shit. Nissan is shit.

[@Tip_theGoddess]

Same here, mine is 2004

[@adamlyman8293]

My wife and I have vehicles that are paid off. We plan to keep them for 10 years or more. We have maybe 3 to 6 years to go. Lord only knows what the market will be like then.

[@NurseMJ986]

Same here. 2013 Subaru with 100k+ miles. Hope to keep it for more years to come. Love my Subaru❤

[@foryou-ft8vf]

I went out and bought what I needed to make my own hamburger with the fixings. Cost no more than restaurant hamburger and was 500% better!! Graph it for yourself and see.

[@WardDallas]

Only non clickbait car video on KZbin!

[@flamuel]

Lol

[@TheFinanceZone]

Well I’m about to buy a car so now I gotta watch this 😂

[@tonyfreeman1083]

Excellent show, much appreciate the information.

[@billjohn3287]

I really advise American to save your money. You will need every penny for the next 2 years, at least .. Trust me, you too Brian .. it will get worst more and more SAVE your dollars, don't spend .. the government wants to spend.. they think you can fix the inflation

[@LaFonteCheVi]

@@RickMartinKZbin We are at the end of an economic cycle. Lots of pain either at the end of this year, next year, or the year after.

[@Ronrrr]

@@LaFonteCheViThey say that every year 😂

[@joseAvila-sf8eo]

All things considering it’s nice to see progress on supply for cars is going up. But I really do hope there starts becoming more focus on public transit being better and reliable here in the US than just depending on cars only.

[@deborahwaldrop6334]

Thank you Brian

[@rustyshackleford8186]

Good stuff as usual. Thanks!

[@denaetak1147]

Thank you!❤

[@arthursmith7106]

Keep it detailed and maintain!

[@kdefensemartialarts8097]

Thank you for your videos.

[@jrraven3230]

Thanks Brian 😊 😊

[@Bachconcertos]

Employers are dragging candidates through 2-3 months of interviews and not hiring them - or ghosting them. It's all over tik tok😢

[@reynar917]

Wow that’s depressing

[@mattbleiler7294]

I just read an article about the cost of tires for EV’s. They need replaced mich more often because of the weight of the car.

[@justinredman4389]

Brakes replacement intervals are quicker too for the exact same reason

[@StefanChicag]

You probably meant to say hybrid vehicles since EVs are lighter in weight than traditional cars

[@chameleon2432]

Thanks for the info. First time hearing this.

[@Peglegkickboxer]

@@StefanChicag EVs are 20-50% heavier than ICE cars (depending on the models), stop spreading lies.

[@Alimoalem]

I suppose this should motivate EV owners to purchase tires from service centers that provide free replacements for tires that don't make it to the full warranty mileage.

[@Wewwf29]

Thank you for the info!

[@lifeofsam5839]

Love your videos bro, and I appreciate that your titles are not click-baity. Keep up the good work!

[@bankingonmoney8224]

I was going to start looking thanks for the info. My 2005 Honda is starting to go in the phase where things are breaking down.

[@hadleycontractor496]

I’m not saying that anyone should buy a car because they’re outrageously expensive but don’t settle for the dealer trying to tell you they are doing you a favor I got offered 39,000 for my trade-in and MSRP for the purchase. I ended up with 5000 off MSRP and 44500 for my trade. That’s almost 10k lower than what was their “best price”

[@jschneid4905]

always enjoy your videos I learn alot from them people are missing out by not subscribing thank you for your work

[@uwone7778]

Dealers screwed themselves during the pandemic. They got greedy and now those same people can't trade them in because they're underwater. Short term thinking on their part.

[@CULatte]

This is probably recorded before the Francis Scott Key Bridge disaster, I would imagine. Largest automobile terminal on the east coast just shut down.

[@darwinjina]

is that how cars are sent overseas or imports shipped to the east coast?

[@Jack-pd4ps]

@@darwinjinayup. Usually transported by rail to the ports.

[@Kevinw4040]

They'll just re-route to NY , NJ, or Savangah GA.

[@ROCKETS2965]

@@Kevinw4040Nah dude. It's the ONLY port they can use! And it's gonna take YEARS to clear debris. YEARS!!!

[@drscopeify]

It depends on the car maker, for example The Japanese and Korea cars are mostly imported on the west coast or south ports. Baltimore would be dealings with Europe I would imagine.

[@EvaVas03]

This is why i got rid of my car. Currently saving $$$ and just watching waiting to pounce. Ubering and friends & families help! So far its been 1 month and a half. I probably purchase end of May. Blessings 💜

[@kayp.3832]

End of May gang!!!! Let's go. Me too.

[@Max2nice]

Only owe $7500 on my 2012 Tech TL . Kbb is $6700. Couple dealerships offered me 10k . 12k for trade it. I’m keeping it . Don’t fall for it

[@sheepman6291]

Thank you.

[@MrBatman2145]

Food > New Car.

[@bluesraincancun9217]

Thanks for the info.

[@jg11596]

keep up the good work.

[@EmanM45]

We’re so screwed, most don’t even know it yet

[@tonysterbenc]

Who doesn't know it?

[@eversunnyguy]

Thanks!

[@AG-sb7pu]

The interest rate is crazy! 1k monthly payment is insane

[@anthonys6657]

Great video. Clear and concise.

[@BatmanBoss]

Thanks buddy

[@roar]

High purchases of Toyota & Honda means people are playing the long term game

[@Littletitanz]

Thanks for the vid

[@mikenonya6382]

I would not even consider an EV. Let some one else be the guinea pig for the car companies.

[@Youtuberkt]

I’d like to see toyota days supply hit 60 days. Thats when you know market demand is dry

[@Perpetual_Prince]

I don’t know this good man’s real name, but I appreciate you 🤝🏾your videos are always extremely helpful and very accurate.. just heard. BRIAN. Thank you Brian for your videos sir 🙏🏾

[@mrahua]

It's normal that Toyota has the lowest inventory, they invented JIT (just in time production) so they avoid inventory as much as they can. Of course they're the first to get hit if there's a shortage, like when covid happened :D

[@DavidJ245]

I haven’t and will never buy any new vehicle.

[@MyspacHor911]

Why tf not? 🤣

[@TheDylan4755]

💯

[@DavidJ245]

@@MyspacHor911 One word: Depreciation

[@bg_azn]

​@@MyspacHor911 r-tard alert

[@WardDallas]

New vehicles are worth it if you keep them, especially where interest can be as low as 0%. Regardless they do lose value but you have warranty as well as know the vehicles history.

[@randyw3607]

Repo man approves this message

[@maverick-zj3jz]

When 100k trucks go back to 40k pre covid prices and intrest rates go to 3% ill start looking.

[@lcrtz3611]

Its never happening again, i fear

[@briancarroll7411]

Great, informative video.

[@travisfuller8822]

They can keep those EV cars. I wont be owning one. Period

[@Kaylun_UO]

They're gonna need to give some nice incentives soon. When you look at the record numbers of autoloan defaults and then look at the people who are negative. I don't see a huge pool of people with the $$ to afford a new car. The cost of everything just continues to climb. We used to buy a new vehicle every couple of years. Not anymore. Honestly, even if they offered some stupid incentives, I'm not buying anything right now. I'm no expert, but I've been around and it's pretty damn obvious what's going to happen soon to the world economy. I'll see what happens with the upcoming election before I take on any debt.

[@Maybeemay]

The amount of new tags I see out on the world or people still buying houses after 600k is insane to me

[@user-nm3oo1im4q]

Thank you

[@305dadecounty305]

Government pushing new technology etc. Is the reason why cars are getting expensive.

[@jons8381]

I am happy to pay to fix any issues that rises with my car. Rather than pay seriously overpriced for vehicles