CAR DEALERS ARE IN TROUBLE: Never Pay Cash For a Car Again

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Пікірлер: 91

  • @RichardFain
    @RichardFain16 күн бұрын

    ► Limited Time - 10 Free Fractional Share (Magnificent 7) Stocks! (Deposit $100 Get 10 Free Fractional Share Stocks) or 1.5% Cash Rewards Match (up to $300) for Assets Transferred to Moomoo brokerage account: j.moomoo.com/00EI6e

  • @Pelkey71
    @Pelkey7116 күн бұрын

    People don't understand that the prices of things are never going back down. This inflation is deeper than we think. Those buying groceries are well aware that the real inflation is much over 10%. The increments don't match our income, yet certain investors still earn over $365,000 in stocks and assets. Wish I could accomplish that. Financial planning is like navigation. If you know where you are and where you want to go, navigation isn't such a great problem. It's when you don't know the two points that it's difficult

  • @CoachStone-py3kb

    @CoachStone-py3kb

    16 күн бұрын

    Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.

  • @Masonserena

    @Masonserena

    16 күн бұрын

    Having an investment advisor is the best way to go about the stock market right now. I was going solo, but it wasn't working. I've been in touch with an advisor for a while now, and just last year, I made over 80% capital growth minus dividends.

  • @user-mw4nm2di7p

    @user-mw4nm2di7p

    16 күн бұрын

    Sofia demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit

  • @Jacksonhht

    @Jacksonhht

    16 күн бұрын

    I'm surprised that you just mentioned and recommend Ms Sofia Rachel. I met her at a conference in 2018 and we have been working together ever since.

  • @ChrisStephen-sl1kn

    @ChrisStephen-sl1kn

    16 күн бұрын

    Sounds interesting. I was planning to invest some few £ in some coins, stack them up and leave them for a few years, but seeing this changed my mindset. Thank you very much

  • @edwardr5447
    @edwardr544716 күн бұрын

    I have a 750 credit but ask dealership to give me the highest interest rate so I can get the best price for the car. Then when I have to make my first payment, I pay off the entire loan.

  • @Track20x20

    @Track20x20

    15 күн бұрын

    Yeah, alot of people dony know that game

  • @Lonqpress

    @Lonqpress

    15 күн бұрын

    🤔

  • @Dakid015

    @Dakid015

    12 күн бұрын

    So im curious. When you get the highest interest rate the price goes down? Just trying to understand

  • @Track20x20

    @Track20x20

    12 күн бұрын

    @@Dakid015 Yeah, because the rate makes the payment higher and most dealerships get a kickback for lack of a better word. So, the dealer is like we will reduce price on this person because what is the possibiliy they can get financing to pay this off. Ultimaely the will make money on the backend

  • @pc24681
    @pc2468116 күн бұрын

    I bought me a new Honda civic in 2020 with 0 percent APR with a 800 credit score 😊

  • @Dakid015

    @Dakid015

    12 күн бұрын

    Nice! Congrats! I plan to be in that position soon!

  • @pc24681

    @pc24681

    12 күн бұрын

    @@Dakid015 Great deal! Just surround yourself with positive and smart people and you will get there!!!

  • @mistermartin667
    @mistermartin66716 күн бұрын

    Ive been driving cheap price cars all my life. Now that i have good credit why not finance and save money in the long run.

  • @NayvonteIsGodChosen

    @NayvonteIsGodChosen

    16 күн бұрын

    Keep driving cheap cars 🚗

  • @dannyjohnson9628
    @dannyjohnson962815 күн бұрын

    The other thing you forgot to mention in these pros and cons is insurance. When you Finance a car you have to pay full coverage. where is a paid off car you do not. That also will be up to the individual if he wants to gamble by having full coverage insurance or not. myself I pay cash for a car sometimes and sometimes i don't. I never really invested money in the stock market but I know with this economy like it is you can make a ton of money in the stock market right now if you just get the right investment. I'm more of a hands-on investment guy. Flip homes and buy property or whatever else I can buy and sell to make a profit. I teach my children to never use the word retirement. You can always stop physically working but you never retire from making money with money.

  • @josephwinslow7613
    @josephwinslow761316 күн бұрын

    Car dealers don’t allow you to pay cash for car, anymore. When you tries to pay cash, they tell you the price that you see is for people that is financing the car. Cash price is a different price.

  • @clintperry799

    @clintperry799

    16 күн бұрын

    Not all dealers, but I do agree that many do. Their scumbags !

  • @latisaholm5700

    @latisaholm5700

    16 күн бұрын

    I just went through the same thing.

  • @lookup912

    @lookup912

    16 күн бұрын

    Sounds like they punish people for paying off a financed car early

  • @lyoneljean-louis574

    @lyoneljean-louis574

    16 күн бұрын

    I was able to buy a car with cash pretty recently. So some still are cool with it

  • @mr.anderson8016

    @mr.anderson8016

    15 күн бұрын

    Sounds like a car salesman told you that and not the owner of the dealership.

  • @ChristinaBastilla-yx3hj
    @ChristinaBastilla-yx3hj11 күн бұрын

    Well explained. Thank you for sharing your knowledge.

  • @obertosiciliano1243
    @obertosiciliano124316 күн бұрын

    I finance my 2023 chrysler 300 SRT but adding more each month towards the principal. If I were to pay cash for the vehicle. Let's say 65K that car would immediately deappreciate. 15 to 20% the second i drove it off their lot, Resulting in almost a 15k negative loss immediately! I took the money. I was 22 put a big down payment with and bought nvidia, tesla and spy. Cars are the worst investments. Anyone could throw their money at, they put most people under water immediately I'd rather have the majority of my money sitting in stocks and etf's rather than being buried in a negative loss that I will never recoop the full dollar amount of.

  • @user-io4ut5gn5b
    @user-io4ut5gn5b16 күн бұрын

    I think this is good information and everyone situation is different so it's not really a right or wrong answer (depending on the individual's situation) both could be good/bad as you suggested 🙂

  • @hungsolo8948

    @hungsolo8948

    16 күн бұрын

    Yes, exactly what he said and how he explained it.

  • @jrcrash4644
    @jrcrash464415 күн бұрын

    The bank is going to make you carry comprehensive car insurance, and possibly gap insurance if you do an auto loan.

  • @thebeginninginvestor
    @thebeginninginvestor15 күн бұрын

    I think what you should do is go and see the price of your monthly payment and add full coverage insurance to the monthly price and see if you can afford that total payment. Now if you can I would invest that monthly and then invest that amount and keep your money that you possibly would’ve paid in cash in a high yield savings account. Win win.

  • @Dakid015

    @Dakid015

    12 күн бұрын

    I think I follow this. It's actually pretty genius🤔

  • @Richard-go7jr
    @Richard-go7jr15 күн бұрын

    I thought dealers didn't like cash they'd rather have you financed it through them

  • @Titinefer1129
    @Titinefer112916 күн бұрын

    Instead of paying cash, would it be better to finance the vehicle and then pay it down or off early?

  • @josephsmith1858
    @josephsmith185816 күн бұрын

    Mr. Fain.... Do you like gold and silver as long term investments? I never hear you talk about gold and silver. Copper? Palladium? What say you

  • @user-fh8ed8ik9f
    @user-fh8ed8ik9f15 күн бұрын

    Good morning, we’re almost at 700,000

  • @Hunted_zoe_boy
    @Hunted_zoe_boy16 күн бұрын

    If I’m buying a car worth $30000 how much do I put down or what should I do first?

  • @Lonyea-vs8ny
    @Lonyea-vs8ny15 күн бұрын

    I was unable to open moo account under this link so I did not do it

  • @paulbunyon6324
    @paulbunyon632415 күн бұрын

    You have made your fortune on a one way street financially speaking (Fed Put) and are still making assumptions that it will continue. Get ready for the sharp u-turn ahead.

  • @LookingupinJA

    @LookingupinJA

    12 күн бұрын

    employees suffering but shareholders are benefiting tremendously… something is awfully wrong with that picture… watch the u turn

  • @bernadofelix
    @bernadofelix14 күн бұрын

    I started buying some more stocks at the beginning of the year, but nothing big. Why am I treating this so harshly? I still want to be the first person in my polygamous family to make a million dollars despite the fact that others in my field make six figures per person. I am well aware of the costs associated with working more to get more money.

  • @Hectorkante

    @Hectorkante

    14 күн бұрын

    If the market has taught me anything, it's that it usually makes a comeback, but I can't seem to concentrate on the long term, especially because important things like my retirement and my reserve are having a disastrous impact on inflation. I need a solution and a data trajectory that I can trust as soon as it is practicable.

  • @PaulKatrina.

    @PaulKatrina.

    14 күн бұрын

    It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.

  • @jones9-

    @jones9-

    14 күн бұрын

    Due to the significant falls, I need advice on how to rebuild my portfolio and develop more successful tactics. Where can I find this teacher?

  • @PaulKatrina.

    @PaulKatrina.

    14 күн бұрын

    Finding financial advisors like Melissa Terri Swayne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

  • @ScottKindle-bk3hx

    @ScottKindle-bk3hx

    14 күн бұрын

    Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.

  • @MAP939
    @MAP93916 күн бұрын

    😊

  • @eveshell5492
    @eveshell549216 күн бұрын

    Opened Moo Moo account. How do I get your navigation info?

  • @jimpeerless665

    @jimpeerless665

    16 күн бұрын

    CHINA HAS YOUR INFO NOW.....GOOD LUCK! MAX PAIN GIVES ZERO FUCK$ WHAT THEY DO WITH IT..HE GOTS HIS FEES! FOOL...

  • @rhondab7937

    @rhondab7937

    16 күн бұрын

    He said send him an email I believe

  • @eveshell5492

    @eveshell5492

    15 күн бұрын

    Thanks! Rep responded from IG

  • @Kdub2023
    @Kdub202314 күн бұрын

    Not good to finance anything! If you are an everyday Joe like me this would be suicidal. As soon as the car leaves the lot your value is depreciated. Why go upside down in a car loan? The car industry is in the worst era 5:05 ever with astronomical repossessions - the worst ever! I disagree totally with your PIV!

  • @DybalaSony
    @DybalaSony16 күн бұрын

    Well explained, The incompetence and corruption that runs through this administration in our Government are getting more risky and ridiculous, i feel the sympathy and empathy of the citizens not getting the due help they deserve, thank you Citadel Moore; imagine investing $4,000 within 4 days of your investment you're profited with $7,300 wow, thank you Jesus❤

  • @VictoriaPeterson-px9yk

    @VictoriaPeterson-px9yk

    16 күн бұрын

    Getting Citadel Moore to help me really helped me clear all my debits. I started with what I have left and it's been the best decision I ever made

  • @BelindaAlmond-tj4wy

    @BelindaAlmond-tj4wy

    16 күн бұрын

    This is correct, Citadel Moore's strategy has normalized winning trades for me also and it's a huge milestone for me looking back to how it all started

  • @MajorMorganStanley

    @MajorMorganStanley

    16 күн бұрын

    Same here, with my current portfolio made from my investment with my personal financial advisor I totally agree with you

  • @Lukastrump

    @Lukastrump

    16 күн бұрын

    I'm new at this, please how can I reach her?

  • @BelindaAlmond-tj4wy

    @BelindaAlmond-tj4wy

    16 күн бұрын

    SHE'S MOSTLY ON TELEGRAMS APPS WITH THE BELOW NAME

  • @tomdrummy4984
    @tomdrummy498416 күн бұрын

    🐄🐄

  • @MARCSMITH-sv7hy
    @MARCSMITH-sv7hy15 күн бұрын

    The inflation has lost it and the sad fact is, It's pretty obvious we are headed for hyperinflation. I think stores better have tight security because when people can't afford to feed their families, things might get ugly.I appreciate Sharon Fogg alots, you’ve helped my family with your advice! Imagine investing $2,500 and receiving $12,300 in 5days 🇺🇸

  • @pushparaj-sh6js

    @pushparaj-sh6js

    15 күн бұрын

    Biggest lesson of 2023 in the stock market Nobody knows what is going to happen next, all we need is the right advice on how to invest in crypt0 and we will be set for life.

  • @user-je2sn2pb5f

    @user-je2sn2pb5f

    15 күн бұрын

    I'm from Denver Colorado USA, I usually worked as a software developer for a small startup i was living paycheck-to-paycheck, Don't have much money to pursue my dreams. One day, my friend introduced me to Sharon Fogg , ever since then my life have not remained the same.

  • @barbradevino6870

    @barbradevino6870

    15 күн бұрын

    Spot on! Ms Fogg is all about simple techniques that are highly profitable.

  • @user-mz6qz3ip3h

    @user-mz6qz3ip3h

    15 күн бұрын

    Having someone like Ms Fogg. mentorship, who's not only a great innovator but will also put the best effort into getting the work done so well beautifully, She is the best ever.

  • @ahmadkoistinen2230

    @ahmadkoistinen2230

    15 күн бұрын

    PLEASE Can someone Guide Me?? HOW TO CONTACT HER?????????????

  • @ericnewman6523
    @ericnewman652316 күн бұрын

    Moo moo head!

  • @kinguploader7344

    @kinguploader7344

    16 күн бұрын

    Lol

  • @goldenspark333

    @goldenspark333

    16 күн бұрын

    You forgot the ahhh 😂

  • @paystyles5429
    @paystyles542916 күн бұрын

    🫡 Richard