Get life-changing financial advice anytime, anywhere. Subscribe today: kzread.info

@jeffreybonderman6897

4 жыл бұрын

PoopCoin Patrick really? Did you loose money?

@Brucev7

4 жыл бұрын

@PoopCoin Patrick Buy Low

Dealerships are not in the business of selling cars, they are in business to sell loans. My sister went to a dealer and wanted a 17k 3 year old car and when she said she had cash, she told me they were not happy about the cash sale.

@CerronPritchett

4 жыл бұрын

John Sineni yep I had a salesman tell me straight up they don’t want people to pay cash they would rather people finance cause they make more money that way.

@archiealsobrookii4755

4 жыл бұрын

@@CerronPritchett That's true but they wouldn't get my money if they told me that because that would expose a foul motive.

@nationalwashproducts2124

4 жыл бұрын

That’s why you don’t say you’re paying cash until the very end. Also that’s why they never want to come off the price of a vehicle if you have procured you’re own loan

@darlenesleeth-poirier1997

4 жыл бұрын

Go to a decent, well known lot.

@strothermartin5368

4 жыл бұрын

@@CerronPritchett They hate my guts because, I pay CASH !!!!

I worked at a dealership where a few salespeople did this regularly to customers, and it was celebrated. They told the customer as long as he/she made the payments on the new vehicle, their credit would balance out. This, along with other unbelievably unethical behavior, is why I left that establishment.

@travis1240

4 жыл бұрын

Balance out? If a car gets repossessed (even voluntarily) the borrower's credit is ruined for at least 7 years, and they will have collections coming after them as well. Terrible advice.

@classicrocklover5615

4 жыл бұрын

That's not just terrible advice, that's outright fraud. How are dealerships continuing to have relationships with lenders, knowing they dealerships are deliberately screwing the lenders?

@burryeezy8837

4 жыл бұрын

I had a salesman tell me to do that. I did it, but I lucked out by the vehicle I returned got wrote off of my credit after I told them I would pay, but never did. I’m not sure what happened there, but I wouldn’t recommend it.

@jrizzle7926

4 жыл бұрын

Worked for a Harley Dealer that did something similar 👌

There is a lack of accountability in society this is just one example

@waynekerr2472

4 жыл бұрын

Yep its the dealer fault

@garygerard4290

4 жыл бұрын

Am De, that's right, exactly right been going on for a long time and it's getting worse - hold on!

@pedlpower

4 жыл бұрын

Another example is Wall Street. The Fed just keeps throwing money at it. There's no moral hazard anymore. But the Coronavirus may fix that!

@Mq6vL9Bu

4 жыл бұрын

This mindset is how Bernie Sanders has become so popular.

@cincinnatislider

4 жыл бұрын

Whenever you create a framework of rules, there will always be violators at the fringes. It’s the cost of freedom! I believe that largely things are done above board... we just take it for granted.

I put myself in car payment situations twice in my life and will never do it again. I've tried to convince friends not to put themselves in the same situation but they never listen

2003 corolla haven’t had a car payment in 15 years lol

@taahdaah3813

4 жыл бұрын

2004 Corolla...same

@Norm475

4 жыл бұрын

2015 Odyssey haven't had a car payment in five years.

@lovinlivinrvin7261

4 жыл бұрын

Owned 2 corollas 03 + 06. They are some of the best beaters you can buy.

@WingsOfDomesticViolence

4 жыл бұрын

2014 Chevy Sonic. Bought outright for $3000,only had to change battery,oil and tires - working amazing.

@tymom9313

4 жыл бұрын

You all w corollas are they manuals?

Sold new cars many decades ago. One of the 'managers' would always say, "there's a sucker born every minute so, never fail to slam a $ucker into a new car". I see that things haven't changed much in retail car sales...

I prefer old cars, cheap and easy to fix yourself. My 40 year old chevy truck is actually going up in value 😂

@camelid

4 жыл бұрын

Well cars have become disposable appliances with a hefty pricetag. They’re not built anymore with repair in mind. I just replaced a thermostat on my friend’s car. My car uses a $10 part, includes gasket. It’s a 1993 Toyota pickup. My friend’s 2012 chevy cruze now has a shiny new $85 thermostat... it’s integrated into the plastic housing which broke and started leaking badly after 8 years. The vapor purge valve for the evap system also failed, that was over $100. I expect at this rate it’ll need a new tranny which will essentially junk the car

@melindaunknown6411

4 жыл бұрын

Got to loooovvee them old Chevys!

@aubreytraverse.

4 жыл бұрын

LIKE A ROCK

@davem4193

4 жыл бұрын

I'm a huge fan of GM cars and trucks from the 60's and 70's. I could keep one of those running indefinitely if the road salt didn't make them rot out.

@Cam-pt9ex

4 жыл бұрын

03 corolla >>> new corolla

Love how Dave crosses his arms and rants into his own little world. Love you Davey

I'm following Dave Ramsey from the poorest country you guys can think of. Started to listen to him to better my English (Stupid is my favorite word, lol), then was hooked on his financial advice. Most of it doesn't apply to me, because where I'm from only rich people have access to credit anyway, everyone else has to pay cash or starve. But it's interesting to learn about financial matters in America. The USA are the ultimate opportunity land. There is no excuse to be poor/broke in the richest country in the world if you're healthy. I really hope each American takes advantage of everything America offers, is grateful and make things happen for himself and his family.

@rathelmmc3194

4 жыл бұрын

Yeah we should have a show where poor entitled Americans switch places with real poor people from around the world just to see if they learn any humility.

@lgee9027

4 жыл бұрын

Rathelm MC exactly!!! My fiance is ridiculous never been outside of America😩😩😩 uh Im quite happy with my paid for house and car🤷🏽‍♀️ Im not upgrading nothing

@ulikemykungfu3995

4 жыл бұрын

Floreine-Jemima Joseph I think it would be awesome if you write a book. You are the living example of the American dream. You are awesome.

@Vydio

4 жыл бұрын

Well I,d guess you're learning that while we may not have as much poverty as some countries we sure do have lots of people who are broke. Good luck with your English skills.

@obeythe...5531

4 жыл бұрын

Amazing, beautiful answer!!!

I can't imagine the mindset of someone that is completely fine financially and considering a voluntary repossession because they want something new.

@costco_pizza

4 жыл бұрын

Chris Parrish Not everyone wants to be seen driving a used Honda Civic all their life. Who will respect them? Who will associate with them? They are getting the car that tells the world they are somebodies.

@4G1O4

4 жыл бұрын

Arun trust me people will not respect you in a bmw either....if people want to judge you they will find a flaw one way or another

@cynthiagraham4046

4 жыл бұрын

A lot of people are unaware that it would hurt their credit. Also, without good insurance they owe the deficiency balance if in an total accident. Same with repossession whether voluntary or not.

@cougmom50

4 жыл бұрын

Self gratification

@seansurfn2

4 жыл бұрын

@@4G1O4 glad i own my nearly new bmw lol

my wife and I needed to upgrade our SUV to a minivan to accommodate our growing family. After looking for 8 months, I found a used 1 year old minivan with really low mileage and hail damage that was $10,000 cheaper than the bluebook rate. Its still worth more than bluebook estimates. Best vehicle purchase Ive ever made

I was once witness to a dealership finance guy lunging across a table and physically fighting with a customer over the signing of the sale agreement papers because it was at that moment as he was going to sign it that he let slip he was pay cash. The papers where bloodied but the customer managed to get his John Hancock on it and the dealer had no choice to hand over the keys.

I have a 0 dollar car payment 😉

@SKBottom

4 жыл бұрын

@1234 What kind of car?

@tylerjackson2667

4 жыл бұрын

I'll be doing that in a few months.

I chuckle every time I hear DR say you’re broke! Yeah, he’s right. Debt is dumb

@buckhorncortez

4 жыл бұрын

Depends on your total financial picture. It would be dumb for me to pay cash for something if I have to take the cash out of an investment paying 7.5% in order to avoid financing something at 3%. Why would I want to do that?

I have heard of this article. I do not think these people realize that even if the car get repossessed they still have to pay the balance owed.

@barbarat5729

4 жыл бұрын

eric That costs a couple of thousand too. How about just being responsible and moral to begin with.

I've never bought a new car. But cars are way too expensive. Even used are way expensive.

@davidmuth4571

4 жыл бұрын

I totally agree

@Zb_Calisthenic

4 жыл бұрын

4 yr old cars can be of great value...

@ErrorPagenotFound-ig1cy

4 жыл бұрын

It’s a necessary evil. Don’t have one, suffer public commute. Have one, enjoy the gas and regular maintenance.

@euenfheiejrj

4 жыл бұрын

Eddie Wow not true everywhere. I’m 32 and never owned a car.

@davidmuth4571

4 жыл бұрын

@James Marquis I think used pick-ups are expensive because you can make money with them. At least that's what I do with mine.

I spend 5k on my used car and drives like a dream. I do my own oil changes and brake pads and save sooo much money. KZread is your friend to knowing how to

I have a friend who traded in her car from the previous year's model to a current year model of a different car because she didn't have the $500 for a new warranty or something. (Can't remember and I don't drive so I don't know exactly what it was for.) For the life of me, I could not understand why, if she didn't even have $500, she thought she could afford a brand new car! Later, I found out her car payment is more than her rent. 🤦🏾‍♀️🤦🏾‍♀️🤦🏾‍♀️

At the end of the day a car is only meant to get you to point A to B. If your car is functioning fine, why people desire a new vehicle? I'll never understand it

Dave is like the rich dad I never had. But it makes me laugh (at myself) because he speaks so much common sense and truth!

Repossession is a pain in the rear end! Why on earth would anyone *voluntarily* go through that trauma?! I mean, that’s just 🦇💩🤪!

@SKBottom

4 жыл бұрын

Very creative use of the emojis. 😜🤘😎😅

😆 my new side hustle is going to be repos.

I love your impression of whiny, entitled Americans. We are so spoiled it's sickening.

Never listen to finance advise from a sales person who is most likely broke and is relying on your sale to eat. Never pay interest on money you have not earned yet. Sage advise from my grandfather.

My car payment is $270 for a 2012 Honda Fit. He’s right. I’m now understanding how much I could afford if I didn’t have my car payment.

I can not believe people are actually doing this. So bad on so many different levels.

@maryfields1382

4 жыл бұрын

If you make 84 payments @ $554 a month, that's over $46K!!! People finance a brand new car, then trade it in every three years and just roll the remaining balance of the "old" car to the new loan.

@nancynurse4552

4 жыл бұрын

@Kate B Dave was giving his opinion on the practice based on the statements in the article. Also, what exact bank of data are you drawing upon for your conclusion of how rare this is? I am doubtful that both The Wall Street Journal and Dave Ramsey would report on something without fact checking.

@badmothertucker6579

4 жыл бұрын

Kate B He did say it was just unethical dealerships, but I have heard of a dealership giving this advice before. Not to me because I would never finance a car, but I have had friends who literally did this at a dealers advice. They were told to buy the car now before their credit gets trashed, then turn in the other car. They just wanted the sale. Its probably a greedy salesman

@Pallanos7

4 жыл бұрын

Yeah! Evil get really creative! It is astonishing.

@mrfred1000

4 жыл бұрын

Isn't this equivalent to letting your house be foreclosed on to buy a new house? I'm not a home owner yet but I think that logic is similar....or lack thereof lol

I cannot imagine a $500 car payment over 84 months. That’s insane.

@ChrisMFlorida

4 жыл бұрын

I can imagine $500 (more) a month into my 401k... love it.

@donm2067

4 жыл бұрын

There's lots of 1000$ month trucks on the road.

@l.ls.8890

4 жыл бұрын

mmaaxx1198 if you need a Tesler, then pay cash for it, instead of financing a depreciating asset.

@Seanucis

4 жыл бұрын

@Sunamer Z yeah...10 or 12 plus years to pay off a car. That's a a three presidential terms.

@costco_pizza

4 жыл бұрын

L.L S. But who is going to respect you driving around in a used Honda Civic all day? Who will want to associate with you? Or befriend you? No, the answer is to get a proper car. One that tells the world you are a somebody. That you’ve made it.

Meanwhile, I'm still driving my 97 4runner with 220k miles :D

@ajjohn8729

3 жыл бұрын

My 95 Chevy has 258k and still chugging

The worst part is ppl will listen, thinking they're getting "expert" advice.. some ppl *really* just dont know better.. smh

I can't believe this is seriously a thing all in the name of a bunch of plastic on wheels...

This is why car salesmen / salespeople are known to be the shadiest and underhanded folks around. Disgusting and horrible practice. For shame- for shame.🙄 Love you Mr. Ramsey. Blessings!💐❤🙏🏻

If the auto industry counted on me to buy a new car they would go broke.

@sharyn4271

4 жыл бұрын

I bought a newer used car 5 years ago, and on the anniversary of the purchase and also on my birthday, I get a call from my salesman telling me about the newer models and the great incentives they have going on. Probably one of the reasons he is top salesman, but I'm good till this car bites the dust.

@jefferyepstein9210

4 жыл бұрын

Just Traveling I daily drive a 1992 740 Volvo. It runs great and I can fix most anything that would fail on it. I’ll never go into debt for a new car.

@vidguy007

4 жыл бұрын

@@jefferyepstein9210 I have a 2007 Honda Civic and a 1989 Chevy Astro van, I've had both for ten years. We are bad consumers

@jefferyepstein9210

4 жыл бұрын

Just Traveling People laugh at my car until I tell them how much I have saved and invested by not buying new cars. I’m a horrible consumer too lol

@MundaneGray

3 жыл бұрын

I'm 61 years old, and I have never owned a new car. I won't be buying one in the future, either.

Vehicles have def gotten more expensive for what you get. Many cars are "over priced" even at MSRP. And this is coming from someone who can afford them. Aside from that I agree with Dave here.

@fireengine77

3 жыл бұрын

I agree... Cars have gone way up in price...

I read this part of this article and I found it disturbing. We bought one new car and I will never do it again. You lose so much money doing that imo.

@dillonh321

4 жыл бұрын

3 year old used car is the best way to buy a car imo. After 3 years the big value hit has already been taken by the original owner and is still somewhat newish.

@Tammohawk1

4 жыл бұрын

@@dillonh321 I agree 100%. In fact, I'm going to be looking for a "new" vehicle soon and it's going to be between 3-5 yrs. old.

@anitaknight3915

4 жыл бұрын

@@Tammohawk1 very wise me too!! I'll be looking for a used car soon. 3-5 years old is very new still to me lol. I'm thinking a Honda accord or Volkswagen passat

People, drive your vehicles into the ground. Their main purpose is literally to move you from point A to B. Period! Cars, for most people, end up being a huge waste of money. Just because they don’t want to “look” poor.

@wildflower386

4 жыл бұрын

Drive it to the ground and then take it to the demo derby! What i did with my first car and it was so much fun.

These rants make me happy.

Even if the dealer is recommending it, they're not bright for actually doing it. Some of these folks are then going to get their wages garnished after they do this voluntary repo. This is just really not a good idea all around.

@ShearF3ar

4 жыл бұрын

But they already got their money so they dont care.

@leathelandlady

4 жыл бұрын

@@ShearF3ar Truth. The second car lender is the only person that benefits since they make most of their money from the financing. Too bad.

This is so sad. I have a friend that actually did this and is now regretting it. I am so glad that I started following Dave Ramsey and the Ramsey Solutions Team in 2017. Now I have a paid for car that is have to change the headlights on this Friday and am so happy too because the cost is the same as my monthly old car payment from over 1.5 years ago. I’d rather pay that once than monthly. Thank You Dave Ramsey!

Been selling cars for a while now and I heard of this before but when I have customer that have 7k or more in negative equity and ask me what to do I say mrs or ms customer what you need to do is pay $300-250 for a month plus your regular payment and within 1.5 years your negative equity will eventually go down and you might be in a equitable position.

Person: I want a new car Ramsey: your not entitled to Shi* Person: Oh

@lunisce

4 жыл бұрын

Dodge Williams row row fight da powa

@ScubaCody

4 жыл бұрын

You’re*

@bobbybines7881

4 жыл бұрын

*buys new car

@richcaldwell6605

4 жыл бұрын

Never tell the dealer your paying cash, until your deal is done, the dealer makes more money on the loan then the car

@bobbybines7881

4 жыл бұрын

Rich Caldwell they aren’t making money from the car it’s the money they get from it being sold by loaning it with a gouging interest. They don’t just get cars for free

People did the same thing with houses in 2008-09. I had neighbors who bought a second home at a bargain price, then walked away from their first home they bought before the housing market crash.

"When I Want A New Caaarrrr" OMG Laughed myself to tears from the sheer irony of that sentence. "Your broke, your not entitled to anything" well said Dave...

I wish Dave Ramsey was my uncle!

@Thejoeordinary1

4 жыл бұрын

rex tangler Me too! And I’m older than he is! 😂

@davidmuth4571

4 жыл бұрын

Uncle Dave could you buy me a corvette? Absolutely! /pulls a Hotwheels out of his pocket.

@michaelanderson2881

4 жыл бұрын

@@davidmuth4571 Don't count on it.

@TheUnrealMasterM

4 жыл бұрын

@@davidmuth4571 He would do that and that is exactly why he would be a great uncle.

@Jwalker27

4 жыл бұрын

Michael Anderson “Go deliver pizzas or wash someone’s toilet”

My dad would go to dealership, fill out a credit app, get the signed sales contract, then ***surprise*** pay the sales contract with a check.

@gm1258001

4 жыл бұрын

I bet the finance manger was not happy at that point.. lol

@davidmuth4571

4 жыл бұрын

@@gm1258001 One time the sales manager tried to physically take the sales contract back.

@davidmuth4571

4 жыл бұрын

@Kate B He never told them he needed financing, and he got great deals. So, not a waste of time.

I love my paid for rusty minivan. Every year I don't have to buy a new vehicle I love it even more. A/C needs fixed before summer though :/

@Enigmalake

4 жыл бұрын

not a fan windows down. Music up. Feel that sweet breeze of savings

@strothermartin5368

4 жыл бұрын

@@Enigmalake I hope he gets it painted.

@PInk77W1

4 жыл бұрын

Mist plastic bottle full of water? $3. A/C. $300

@notafan6

4 жыл бұрын

@@PInk77W1 ugh, I know. But I have kids and it can be very miserable. Plus we can afford it so I'm not going to sweat it.

@PInk77W1

4 жыл бұрын

not a fan no problem at all. I’ve spent more on worse things

A repo is a repo, voluntary or otherwise. when the repo is sold it's about 40¢ on the Galves book price.

My coworker told me a few months ago that her car was totaled by someone she knows. I advised her not get into another car loan. Yesterday, she got a new car loan on a car she says she hates. She put $4000 on the new car totaling $9000. Has around $250 for this car payment plus she pays $370 for the car that was totaled. I asked her why she didn't just find a used car for the amount she had in cash? She says she needed a car that was 2010 or newer so she can drive for Uber to make extra money to pay bills and legal fees. I was shocked by that and said that was a huge mistake. If you're already struggling financially, why would you add another payment? Not to mention her insurance is sky high because she's only 20. Its probrobly even higher because of the accident. I'm so disappointed in her and I really don't even know her..

@taahdaah3813

4 жыл бұрын

You gave her good advice now let it go. At 20 she may not be ready to hear it but she may still learn from it at 24 or even 30. She's just not ready.

I saw this article and was wondering when I would see a Dave rant on this 😂 gotta love it ❤

My folks have always told me buy used, buy in cash. Bought my first vehicle from a private dealer in 2017 in cash. Signed the papers, handed him the cash got the plate, put it on drove off that day. My parents later on bought one from him at a good price also.

I'm glad I have no interest in modern cars. I buy a BASIC car, 1 to 2 years old, pay cash and usually get about 15 to 18 years out of them.

On Dave’s tombstone: “You oughta feel more dumb, more stupid”

I am not big on regulation, but lenders should not be allowed to go to an 84 month term. Cap it at 60 months and problem solved, car prices would come right down. Signing people to an 84 month term on a depreciating asset is as bad as payday lending

@YeshuaKingMessiah

4 жыл бұрын

Cap it to 3 yrs. Period. Gonna have to start making cars affordable again. Ppl would throw up to see how much their car rly costs. Car payments should be in 36 payments. Doubles that 7 yr payment scheme and makes it UNATTAINABLE. So ppl go buy an AFFORDABLE car. Byebye scammy dealership.

Just paid off my seven-year loan at 356 a month, kept the car serviced, needs paint, needs a few things replaced, still don’t care if it’s a bucket of parts in my driveway, I’m keeping it, not a better feeling than cutting that umbilical cord of a mistake back in 2012.

I was upside down on my trade and my salesman offered almost the same advice. Luckily I said you're crazy and still have the car. I've paid off everything but the big credit card and for the first time since I was 20 that I have positive equity in my car which I plan to pay off

I recently had a loaner car after an accident and it was so nice to the point I actively reminded myself. I didn't need a new car because mine is free and clear and running just fine. So I understand the temptation, but it just reminds me that brand new cars aren't ever worth it.

Dave's right when it comes to car loans. Don't go over your budget. Buy used.

You are so right, this attitude comes from the parents. I stopped discussing anything financial w mine. Even stopped talking to my aunt because she keeps asking if I am going to buy a new truck. Later middle class people asking me for money

Buy a beat up old car and put that $300, $500, or $700 a month into savings so you can buy a nicer used car next time! I have done this my whole life. Never had a car payment and never wanted one. Heck, after years of doing this I ended up with a lot of extra money in my car fund. Did I spend it? Nope, I put it into investments. Make that money work for you!

Wow unreal! That is just crazy! My car may not be new but it gets me from point A to point B and the only Simi-monthly payment I have on it is to the insurance company.

I have a 1994 Ford Ranger, 206k miles. Cracked head, no air conditioning, steering wheel cocked to the left, but pulls to the right. Still running 5 years later!

Wow, that's pretty unbelievable. The best way to go is just to maintain the current car you have

Right on, Dave. You tell us that credit card companies manipulate us to spend too much. Car dealerships also know how to manipulate consumers, but their techniques are a little more personal.

I will buy used Toyota my whole life. Until I have enough money to buy new Lexus I suppose

@CerronPritchett

4 жыл бұрын

Yossi Goldstein great choice very reliable

@Answers721

4 жыл бұрын

You can buy a used Lexus from CarMax. You can probably find at-least one of them for under 20K

@davidmuth4571

4 жыл бұрын

I saw an S type Benz, 89k miles, 5 years old in showroom condition, clean carmax, offered for 15K. The original cost was $125k.

@strothermartin5368

4 жыл бұрын

@@Answers721 I hope you pay cash.

@danielsummey4144

4 жыл бұрын

Don’t buy a new Lexus! You can get one used, a year or two old, and save a ton! Unless the rebates make it worth it, I always buy used BMWs

That's a good sign I think, means car dealerships aren't making bank anymore. Their getting desperate to make a sale. It probably means the bubble will burst soon, same with housing.

I know a couple in their 70’s that has 2,600 in payments, two trucks and a brand new fifth wheel… I almost fell over!!!

I see Dave Ramsey rant and I click. Simple.

@bigbanknewyork3655

4 жыл бұрын

you're stuuuuupid not to

@aprilcastillo5487

4 жыл бұрын

All day everyday

I would not do business with a company that would give me advice like this!

Yes when I went to get my car, the salesman told me to do this because I had negative equity on my old car. They are crazy. And I did not do it.(Before we started the baby steps)

A few months ago I went to buy a new Toyota Prius C. I talked with the dealer for about half an hour, asking questions about the car and whatnot. When it came to the sales price, he took out a spreadsheet with monthly payments. He looked very disappointed when I said I was going to pay in cash. Afterwards he told me that they only had two cars in stock and that I could only get one if I bought with financing. Otherwise I'd had to wait at least 3 months. I left never to return, and now I own a used corolla paid in cash. Those dealers are crooks.

@lili192

4 жыл бұрын

Wow!

I am so glad that this reached you. I heard this on the WSJ Brief Podcast a little bit back and was just imagining what you would respond to this issue as it is extremely disturbing.

The devil wears a suit and tie

im 19 and out of debt... thanks Dave

You can buy "New" Ford Fiesta's that have sat on the lot for to long for like 12,000$, people just don't like the fact that they are not loaded with fancy features, and honestly as you've said you don't even need that. Buying a new car has never been cheaper if you're getting the base model, but people turn down the 16k base model vehicles for the 30,000$ loaded ones.

Shocker to hear a Connecticut attorney being quoted. I live there and every other car on the road is a BMW, Mercedes, etc. College kids are being given them to commute to school in. Contrary to what many think, most people in CT aren't rich!

In Toronto, I see a lot of brand new sedans with Lyft and Uber. Take home is $8-$12/hour grinding down a depreciating asset most likely financed. Not a good time when they will have to replace the car in 18 months. Plenty of YT channels outlining the cost, liability and aggravation. Are there not CDOs for auto loan debt? What a scary time.

@dillonh321

4 жыл бұрын

Yeah I talked to a uber driver about the mileage he has on his car. Before he started Uber his car had around 90k miles, after a couple of years of uber it now has around 230k miles.

@YeshuaKingMessiah

4 жыл бұрын

Uber makes way more than UberEats. UberEats is the one making $10 an hour. Uber can make decent money but you ARE ruining your car, yes. Both are desperation jobs. So there will always be drivers for them, but they arent a way to sustain a family.

We were given this advice (years ago) we were young and dumb, but not that dumb. We left and went to another dealer who helped us plan a way to pay down our current car enough to trade it in and upgrade to an SUV. We wouldn’t do the same now, because we wouldn’t borrow, but we couldn’t believe the recommendation to ruin our credit to get into a new car. Just awful

Dealerships are scary places. They almost hold you hostage until you agree to sign on the dotted line!

My co-worker did this exact same thing....I was dumbfounded . The dealership told her that when they sell her old/new car they would spit the profit. Now they are calling her everyday and asking her does she know someone who would buy the car.

When he said "dealers give advice" I was done.

@taahdaah3813

4 жыл бұрын

This

@MundaneGray

3 жыл бұрын

I don't go to car dealers. Ever. Private sales only.

I bought a small new car in 2002 for $13,000 grand total (wrote em a check). I bought a small new car in 2017 for $17,901 grand total (wrote em a check). Dealers HATE people like me, but I can't imagine them refusing to take my money!

❤ your advice Dave.

I am a car dealer. Kicking the trade has been going on for years. It is a horrible practice for any car dealer to practice. Customers do not realize the consequences of doing this. I would fire any employee that “kicked a trade”

Dave! I was offered this by a manager in a car dealership a few years back and I didn’t go for it. I’m still driving my car with 206,000 miles on it. Thankfully

The terrifying thing about working at a car dealership is knowing the number of people who have negative equity on vehicles that aren't worth jack, and coming to dealers for help.

Wow you are a great speaker!

It's a " Smoke and Mirrors" gimmick that I seen when I worked for a Harley dealer that was doing something similar. The numbers up front look good for the dealer but months down the road they lose on the back end when they take bulk bikes to auction. They wouldn't tell a person to give their bike back but inflate their income and give more on the trade then what it was worth and figured they could make it up the following month since it takes months for these bikes to go to auction. The comment below about financing is absolutely TRUE!! People would be in such" AWE" to get a new bike that the interest would kill them through high interest loan companies.

watch any car ad on TV. they almost never tell you the price. they tell you the monthly payment.

I mentioned "Kicking the Trade" to a local Hyundai Dealership. The sales guy admitted it is done sometimes.

Excited for the live show today! Starting FPU Next week! Need some help Dave!

@budgetingrose5681

4 жыл бұрын

Congratulations on starting the debt free journey!!!!

I'm broke. My truck (2007) grumbles when it's started. I had to put a transmission in it recently. That said, the cars turned out in factories cost as much because we're paying for the production of the vehicle and not the vehicle itself. If cars were actually made of the thousands of dollars worth of material for which we are forced to pay, there wouldn't be so many pieces of them laying on the ground after a fender bender!

I’m driving a 2000 Chevy Silverado with 250k miles. Owned it 20 years and plan to get another 20 out of it. No car payments for over 15 years. Even if I have to put a new engine and transmission I’ll still be ahead.

F&I managers at dealerships are EVIL. They’d sell their grandmother used bubblegum.

I have never had a new car in my life, always have had used ones i don't feel the need to have a fancy new car.

Taking advice from Snake oil salesmen? How stupid can people get?

@JustEnjoytheGames

4 жыл бұрын

cars aren't like snake oil lol

@ryandelsignore

4 жыл бұрын

Enjoy the Games it’s a saying.

@wanefelicia8779

4 жыл бұрын

The avg voter LOL

Back in 2016 I was told this about a 2013 Dodge Dart that I had. It was giving me trouble and those cars had notorious reputation for being horrible. I went to a Toyota dealer and he said the same. His logic was that "get a more reliable care before your credit takes a hit. Then pay the new loan on time and after 7 years the old loan falls off and your credit is back to normal".

Thoroughly enjoyed this video!!

"I'm entitled to a new car because I breathe air and I'm an American!"

@kimberlyturner820

4 жыл бұрын

Lol

@devin19222

4 жыл бұрын

My sister went on vacation for a week and left 2 dogs at home, just had a friend stop by once a day to let them out and feed them. Now she wants to get rid of them because the house was a mess, and she doesnt deserve to live like this. It's not just money, its everything people are just irresponsible.

@dp6447

4 жыл бұрын

Deangelo Jeremitrius Vickers What kind of logic is that? If someone gets sick they aren’t supposed to go to the doctor? You don’t look clever bud

@mrfred1000

4 жыл бұрын

@@eggyhiccups2673 But that's totally our fault as consumers. We don't have to buy these things how we buy them and we don't have to walk into a situation without much knowledge. You can only be scammed without knowledge. Back before big business cared about consumers thoughts they use to provide no health coverage, didn't care about the environment, didn't mention political things and had child labor. Once these things became unprofitable, business changed, they do all that now. Everyone business should be trying to be profitable, you cannot exist as a business without profit, the problem is HOW you got the profit. If you sell $20,000 cars for $30,000 and people come buy them anyway and you're not scamming anyone, nobody cares, they have the option to buy it from you or Car dealer #4010 but they chose you, perhaps they like your service, you're not lying about anything, your price is just your price. If consumers push to change the culture of business like we did before, this wouldn't happen. Companies didn't care about any of the stuff they care about now 100 years ago or more. Public reaction and state and federal government response made them change. People are too polarized today over political ideals to do it again, we think we know it all. How hard is it to know how a car deal is done and what makes sense and then tell every dealership nope for just 4 weeks. Let car dealers not sell a single car in 4-8 weeks and then have a story break it's because of scammy tactics. They will change immediately, they have to because it hit their pockets. It's change or go broke. That's what we got to do.

What's strange, these dealers hold a state license to sell cars. I know they want to make their "sales numbers" and bring profit to all involved but where are their ethics?

@sha2bron2

4 жыл бұрын

Joyce Castona gotta make that quota

Cars have indeed risen in price dramatically more than people's pay. Hence why we have 84 month loans and leases. Not that long ago you could finance a car for 3-4 years and drive it for years after paying it off. Now the loan is so long you're paying for very expensive repairs while still making a huge car payment.