They still make cheap cars, except you overpay for them.

@snakejunt

3 жыл бұрын

This right here. Hyundai, Jeep, and Dodge are great examples.

@Yondaily

3 жыл бұрын

@@snakejunt you can take Hyundai and dodge out they have premium quality’s and more car for the money idiots

@am.asoo1

3 жыл бұрын

Very true

@Pcarnevaaa

3 жыл бұрын

Exactly this.

@thiasreynolds5028

3 жыл бұрын

That’s a good one

Let me save you 11 minutes of your life, short answer: Automakers make less money on cheaper cars.

@edwardlin2845

3 жыл бұрын

Thanks 👍

@spectex304

3 жыл бұрын

Thanks

@APAstronaut333

3 жыл бұрын

You are the true shepherd

@jackcarpenters3759

3 жыл бұрын

Thanks, i was looking for the answer in the comment. I knew someone would comment it :-)

@ThePresentation010

2 жыл бұрын

Wow. Who wouldve thought selling things for less means making less money.

I think what this meant to say was, “consumers feel comfortable spending more on SUVs because the government and banking industry is flooding the sector with low interest loans.” When the auto bubble bursts and consumers have to pay cash again, they’ll be demanding cheap cars again.

@1017KitchenBoy

Жыл бұрын

What’s a reasonable timeframe for this burst?

@therealfragmental

Жыл бұрын

@@1017KitchenBoy soon

@mozeskertesz6398

Жыл бұрын

​@@therealfragmental If the 2021 stop of the auto industry couldn't topple the market, then when do you think, the car market bubble will burst? Everyone is buying oversized gas guzzlers, for loans, but mass loan defaulting and mass bankrupcy is not a very often occuring thing. Plus, a car development usually takes at least 5 years to complete fully. Something is very off on all markets if most markets are just going upmarket without falling sales.

@geraldstephens6612

11 ай бұрын

It's already happened.

@1KingFisher

10 ай бұрын

@@therealfragmentalcredit is a new normal and will never go away.

“Automakers have to pay workers and executives” What I think you meant was, automakers have to pay executives first, then workers get what’s leftover.

@elultimo102

2 жыл бұрын

Thus, we lose the middle class, and the "American Dream." (Greed and "globalism.")

@jessicah3782

2 жыл бұрын

what they want to leave over for the "lowly" workers. yay capitalism (im being sarcastic). thats another why i prefer used cars. at least my money is not directly going to some corporate dipsh*t.

@lisamccray9079

Жыл бұрын

I agree with you 💯 👍 the executives get the big payout first

@jesdadotcom

Жыл бұрын

The percentage of profits going to workers is vast. Executives get a lot individually but little in the big picture. If you paid the C suite zero it would have no impact on worker pay. You’re repeating a tired cliche.

@Restorationshopyt

Жыл бұрын

Facts and logic like that simply do not enter the brains of these socialist idiots. Simple math might as well be rocket science to them, as they can’t even comprehend simple equations.. like for example, if a CEO makes $100,000,000 a year, but oversees a company with 500,000 employees, paying the CEO zero and dividing that $100 million equally among employees means they each get a $200 raise per YEAR. That is nothing. But try getting a socialist idiot to understand ANYTHING.

I started selling cars in 2002 and remember people balking at the mere thought of a 60 month loan term... here I am 18 years later and have people asking if we have any options longer than 84. I see people every day buying vehicles that suit their needs 5% of the time. For example, someone looking for a full sized 4wd SUV that doesn't have but 3 people in their household and doesn't need bad weather/off road capability. When I ask them why they're wanting a large, 4x4 SUV.. "well, we take my mother in law on vacation with us once a year and need the extra space." So for the majority of their driving time they are paying for WAY more vehicle than they truly need. More power to them, it's their money, not mine.

@SapioiT

3 жыл бұрын

To be honest, I have a break instead of a sedan because I like that extra space in the back. If I want, or if I need to, I can even fold the back seats and place a mattress there, to sleep in the car. And I will buy a folding mattress soon-ish™, because sleeping there is a lot more comfortable than sleeping in/on the seats normally. I mean, I'd rather sleep there than drive more to get home or find a place to sleep, if I need to. And not only that, but if hotels are closed due to the rona-plague, I could always go on vacation and sleep in the back of the car, which also makes the trip cheaper. Wet towels for wiping myself, soap and a bottle with a cap with a tap, and I can wash myself, a cutting board, a folding table, and a portable stove or folding grill, and I can cook. A fairly-powerful fridge unit is fairly cheap, and I can always buy frozen foods to help keep it cool if it's hot outside. #carlife #vanlife #bikelife #tentlife #trucklife #tinyhouse #trailerlife and so on.

@mattobermiller5041

3 жыл бұрын

I live near-ish a town with a long history of VERY high oil company wages. The standard vehicle is a late model, extended cab, one ton, 4WD dually, diesel with all the bells and whistles and a probably several thousand dollar topper that never gets taken off. Friend of mine who works for the oil company and drives a beater said most of his co-worker's pickup trucks cost well over 100K. I used to work for homeowners in this town and have asked a lot of the people with these trucks what they use them for. Most of them live in tight little subdivisions and you can walk from one side of town to the other in under half an hour,(some non-oil workers don't even own cars, just bicycles) the oil company where most work is about a 10 mile drive but, even though they all live minutes from each other and work at the same place and many have the same work schedule, almost no one carpools. So here's the main answer/justification I get: "well, I need the truck to put my boat in the water when I go out fishing." (There's a harbor with a boat ramp on one side of town, about a mile, max, from the subdivisions where most of these people live) "How often do you take your boat out?" "Oh, 5-6 times a year." (Uh, I kind of know you and you'd probably LIKE to take your boat out 5-6 times a year, you actually only usually only take it out 2-4 times a year and some years that number is zero) "Well, I need the truck to make grocery runs to COSTCO and get stuff in town." True, the nearest big city is 300 miles away across the mountains and the roads can be pretty treacherous in the winter if you get in front of the plows during/after a storm but that's only a thing for a couple big storms a year. The rest of the time, lots of people make the trip in minivans and compacts with no problem. And besides, there's almost nothing worse to drive on icy roads than an unloaded dually pickup. So anyways, I'm 100% with you, buy the smallest vehicle that will efficiently do what you need done. I hear guys bragging about pulling a trailer up one of the long, steep passes at 65MPH and "the truck didn't even know the trailer was back there." If you're not dropping a gear or two pulling your biggest load up the biggest hill, you have way too much truck. Some of these guys drive 100 miles one way to cut small quantities of firewood for their suburban houses and use that to justify their stupid trucks. I mention that driving that expensive truck with that fuel mileage for basic transportation for just themselves all year long just so they can haul a few loads (that a minivan with a tow package would do a better job of) of groceries or firewood makes for some REALLY expensive groceries and firewood and they start stammering and "well, I need the truck, I really do" and I drop it. I got my message across. As for launching the boat, there's a guy with a bigger size truck in that town who has a boat launching and hauling business. And If they don't want to pay for that, get an old beater 1 ton truck and use that for boat launches. It's a mile or less on flat ground or go in with some buddies and share a boat launch truck.

@jcman240

3 жыл бұрын

If you can get a low enough rate It would be prudent to stretch out loan and invest the difference... of course I doubt most people can

@chadhaire1711

3 жыл бұрын

@@mattobermiller5041 t i missed your point--tell us what you really think....

@stevenbrooks1243

3 жыл бұрын

F350 / Toyota Tercel Daily 👍

The gap between a Kia and a BMW has shrunk. That is, BMWs are starting to look cheap, and Kias are starting to look expensive.

@luciskies

3 жыл бұрын

I love my Kia 🥰 got it for 10k

@jamesthemaschine8245

3 жыл бұрын

@@luciskies i love my bmw got it for 70k

@radoni0

3 жыл бұрын

Cause KIA literally bought off BMW designers couple of years ago LOL

@terrancebond6111

3 жыл бұрын

@@radoni0 BMW and Audi designers now design the KIAS. They look so clean now.

@bartekp7587

3 жыл бұрын

@@radoni0 Does that mean anything though? It's not like their cars shouldn't be talked about as looking great just because some designer designed them.

Presentation fell apart 30 seconds in when they didn’t adjust the sale of cars under $20,000 for inflation

@Pistolpete218

3 жыл бұрын

I was thinking the same thing, a 2013 car at $18k is now over $20k factoring inflation.

@michaelbuckelew

2 жыл бұрын

I instantly thought, “does the auto industry really set some arbitrary number that looks clean on paper and never change it? Explains a lot.”

@ScurvyMcGruff

2 жыл бұрын

That's a huge factor. I had to stop right there.

@mistamaog

2 жыл бұрын

The increase of pricing year over year helps influence inflation.

@davidjonsson1649

2 жыл бұрын

Video paid for by the auto industry to justify their price gouging greed. A $20,000 car from 2013 probably costs close to $40,000 now. What a bunch of A Holes the auto makers are.

Young people should always buy used cars and learn to maintain them without the anxiety of the car’s value plummeting after you drive it off a dealership!

@MrShitthead

2 жыл бұрын

Nah dude, young people are doing it right today. What you do, is put yourself down on an 84 month plan for a $50k+ pickup truck (because you need it for groceries) while you’re only making $40k, get the latest $2k smart phone, eat at Starbucks everyday, and then….. Tell Bernie Sanders that it’s the governments fault that you’re in debt and can’t afford to buy a house.

@cybercomets7260

2 жыл бұрын

@@MrShitthead 🗿

@jml9550

2 жыл бұрын

@@MrShitthead can’t agree more. People needs to learn to live within their means and start saving money for the rainy days. A Toyota Corolla can easily goes 200K miles properly maintain. That should last them 10-15 years. Instead they go out and buy the $50K BMWs and get in a 84 months payment term.

@dbclass4075

2 жыл бұрын

Or even better, not buy car at all if it isn't needed. Obviously, this only works when in area with good public transit.

@adjustdafacts

2 жыл бұрын

I did that and it was a disaster. You end up paying in repairs…. Buy new as possible of your going to buy used

Yes. The expectation is to have that technology. That tech honestly isn't that expensive to make any more. Let's stop pretending like putting in a USB port is SO fancy now. It's basic.

@KRYMauL

3 жыл бұрын

I think the idea was that a touch screen and Bluetooth chip are supposed to be premium even though you can get both for really cheap

@aymanhawari2589

3 жыл бұрын

@@KRYMauL It's software and not hardware that is expensive...

@KRYMauL

3 жыл бұрын

@@aymanhawari2589 Most software is based off of the open source Linux system which is free.

@LordWinter

3 жыл бұрын

They stuck an iPad to the dash...so modern!!!

@Golden_African

3 жыл бұрын

Definitely not worth the 10s of thousands of dollars they try to make us believe....

This title is misleading, it should be “Why Affordable Cars are Disappearing”.

@Andrew-zv4fm

3 жыл бұрын

I was thinking something similar. Aren't affordable cars cheap cars?

@jamesherr8149

3 жыл бұрын

Why affordable new cars are disappearing? this video was a joke from the start.

@kashfortheking

3 жыл бұрын

It’s the same thing.

@dickmelsonlupot7697

3 жыл бұрын

@@Andrew-zv4fm Well no. "Affordable" is very subjective. People have different meanings and standards when it comes to affordability. Some may think 20K is "affordable" while others think 40K or even 60K is "affordable". As for the car industry, when they say "affordable", it would mean something that may be above 20K but not too expensive enough that ALMOST everyone can buy one. While "cheap" cars mean those that practically *ANYONE* can buy.

@Andrew-zv4fm

3 жыл бұрын

@@dickmelsonlupot7697 yes and affordable means cars anyone can buy.

It was really about overengineering. Cars that was cheaply made could become expensive when added with so much complicated electronics. I really like the idea of Citroen 2CV, soft suspension, spacious, reasonable weight, very fuel efficient and most of all, no unneccessary electronics on it which make it cheaper, just a car you need to travel. Sadly, looks and convenience are always the king in the eyes of majority consumers.

@iluvcamaros1912

11 ай бұрын

I agree but I dunno if you'd want to share the road with Chevy Tahoes as a Citroen 2CV driver.

@ganymedehedgehog371

10 ай бұрын

When someone spends thousands they do usually want more than just utility out of a long term asset they’ll be spend a lot of time with.

I remember back in 70's & 80's there were a lot of Honda Civics, Toyota Tercels, VW Rabbits, Mazda 323's on the roads and were great, small econo boxes !

@users4007

2 жыл бұрын

It’s a shame that they don’t make cool econoboxes anymore, most of the newer economy cars looks and drives very boring

@LassieFarm

Жыл бұрын

Rabbit was my 1st car. Was excellent

@colechapman6976

Жыл бұрын

And I bet they were all deathtraps on the road. It is better to get a newish car that will have safety features like seatbelts, crumple zones, and side airbags, than not getting those features. Chances are nearly every driver will be in an accident. The medical bills accrued from that accident will cost more than buying a newer car from the past ten years. Especially if you are a part of the 28 million Americans who have no insurance according to the 2020 Census

@LassieFarm

Жыл бұрын

@@colechapman6976 yep Millennials are scared of their own shadow.

@colechapman6976

Жыл бұрын

@@LassieFarm Real genius take there. All of a sudden not wanting to die in a car accident in a 30-year-old econobox with zero safety tech is seen as being too scared

I don't think that cheap cars sales have fallen. Instead, cheap cars have become more expensive. I bought my Ford Fiesta in 2012 for 11k and now the new Fiesta 2020 has a starting price of 23k. There you go.

@jsain360

2 жыл бұрын

Chevy Sparks at $17k, those type of cars should be $10k cars, you can even get some of those cars used for $10k and it be a 2015 model

@leslielucci3182

2 жыл бұрын

Money is worth less due to inflation so price is higher but in inflation adjusted $$ almost same. More safety requirements make up the difference.

@xavierkoolat6926

2 жыл бұрын

This video has bought into (or was paid for by) the auto industry's want to sell cars with a BIGGER PROFIT MARGIN. Get real. This video is just propaganda backed by the auto industry elites, Once again. For example : World wide, less expensive car sales are HOT !!!!! The auto big wigs are just trying to get USA people to provide a bigger profit margin. China is selling OODLES of cheap cars. Why? Because that's where their sales are, not in the higher priced auto market. If a reliable car with hatchback space and 4 passenger seating was offered at $10,000.00 in the USA, it would sell OODLES of cars also, just like China.

@MalloryGrizzell

Жыл бұрын

my 16 fiesta was a about 15000

@sleepycharlie673

Жыл бұрын

@@leslielucci3182 inflation meaning an excuse for price gouging and safety regulation as a political scapegoat. This has been going on well before inflation or magical new safety regulation.

I saved up $7,300 and bought a used 2004 Toyota Rav 4. It was wonderful being able to say I truly owned my car the day I drove it off the lot. That 17 year old car is my baby and has been so reliable aside from maintenance and things needing to be replaced over the years (broken and rusted exhaust line and muffler). I'll be so sad the day she taps out 😔 But yes, it's possible to buy a good reliable "cheap" car. Don't let vanity get the best of you.

@trustyoungpierre9959

3 жыл бұрын

the real question tho is are you single? 🤔

@gohanssj48

3 жыл бұрын

The problem is that even used cars are becoming more expensive those days.

@DanielByrns

3 жыл бұрын

Please be smart and do research on what you are going to buy. carscomplaint is a good one

@SimplyCarReviews

3 жыл бұрын

@@gohanssj48 Yup. I bought a Tacoma afew years ago and I was offered the same money I pad for it new... that's why I bought it new instead of used. I needed a mid-size Truck 4x4 with manual transmission and wasn't willing to pay the same price for one with 30 to 40k miles on it when I can pick it up with zero miles no scratches,dents, seat stains or funny smells.

@nik-at-nite

3 жыл бұрын

@@inutero10 She said the car is 17 years old. Not that she had it for 17 years smh

What I miss the most is common affordable 2 doors. Fun for a low price, it’s so sad. Props to the BRZ and 86 though

@drewlehman2456

10 ай бұрын

Miata is always the answer

@nickscope27

10 ай бұрын

@@drewlehman2456buy a last gen gt, ss, or other v8s

@drewlehman2456

10 ай бұрын

@@nickscope27 Those are not my types of car. Id rather have amazing handling / fun normal commutes than a high HP engine, high HP is kind of pointless where I live. Plus those cars are way more expensive than the Miata, no way in hell Id buy one of those given other cheaper options.

I love my 2013 Hyundai Sonata Hybrid car. $14,000 with 66,000 miles was really good to me. It's been nice to fill up the tank 2 times a month vs when my bf and I had a 1999 Ford expedition. With the 1999 Ford expedition we would spend $70 to fill up the tank and only last 4-5 day. We don't miss that at all!

@El_K_Bron_Del_Moycas

2 жыл бұрын

Maybe the Ford Expedition wasn't suited for your needs. I know $70.00 USD is a lot compared to a Hybrid Sonata, but that sedan can't fit 7 people comfortably with their luggage, it might be only FWD and will require a very expensive battery cell replacement in 4 or 5 years which would cost pretty much the value of the car at that time. It is my belief that in the end, including maintenance, the cost of owning a Ford Expedition would end up being equal or less while allowing more people and their luggage to travel more comfortably. I think it's all about getting the right vehicle for your specific needs.

@jml9550

2 жыл бұрын

The Sonata Hybrid is a good car. Just buy what you need. I have never spend more than 25% of my annual salary on a car and I properly maintain my car so it last more than 10 years.

@El_K_Bron_Del_Moycas

2 жыл бұрын

@@jml9550 Exactly! Thanks for taking good care of your car.

@colechapman6976

Жыл бұрын

@@jml9550 same here. I always buy my cars in full and keep them for 5-6 years. I bought a car in college and I still have it. I properly maintain it and treat it well because I prepared a rainy day fund for it rather than stretching to get a fancier newer model. If more people were financially prudent about cars then they would have savings and we would not be 1.5 trillion dollars in auto loan debt

@jml9550

Жыл бұрын

@@colechapman6976 smart moves. Same here, we always have the habit of saving money for car repair/new car fund. Also as a home owner, we also set aside money for repair/upkeeps. Bottom line is spend less than what we make and never compare ourselves to anyone.

why buy a cheap new car, when you can buy a depreciated 6 year old car that has everything you need for half the price...

@wooferjr169

3 жыл бұрын

It smells and it has stains.

@dustojnikhummer

3 жыл бұрын

@@wooferjr169 then spend 2 hours cleaning it.

@SpaceStrike

3 жыл бұрын

@@dustojnikhummer also called new car for 10k or less

@dustojnikhummer

3 жыл бұрын

@@SpaceStrike is not having to clean your car worth 2-8k to you?

@SpaceStrike

3 жыл бұрын

@@dustojnikhummer but why can’t car makers make new cars for under 10k?

If you have a good reliable vehicle, then you are blessed. Drive it until the wheels fall off.😊👍

@carawestgate

3 жыл бұрын

I agree! I have a 2008 F150 with 270,000 km on it and I wouldn't trade it for anything. I think a person can get attached to a good vehicle that treats them well.

@johne6081

3 жыл бұрын

Yup. I finally had to retire my 1996 Audi A4 Quattro last year after a short fried the power window wiring. I bought it new for $7K and drove it 13 years.

@derciobene3458

3 жыл бұрын

Until the engine blows up *. I'm not giving up on my 1998 Camry because of some faulty wheels.

@HoustonTexxas

3 жыл бұрын

💯🙌

@agalah408

3 жыл бұрын

My primary car since 1990 has been a 1985 Mitsubishi van - still going strong.

It wasn't mentioned that higher emission and safety standards also mean higher costs. Therefore here in Europe car manufacturers phase out many engine options and sometimes the whole car. One prominent example was the new Suzuki Jimny. Everyone wanted one but sales stopped after just one year as upgrading the engine would have been too expensive for such an affordable vehicle.

The thing is... Why buy a cheap new car, when you can buy a really nice/expensive car, USED for less?

@jamesle9851

2 жыл бұрын

Right I tell myself I can just pretend I’m living in the year of the car and I got it brand new 😂😂

@fustiancorduroy

2 жыл бұрын

You watch CNBC too??

@BayAreaRushHour

Жыл бұрын

Well a used luxury car is an endless money pit, that’s why they’re being sold for cheap to begin with. Reliable vehicles tend to keep value better.

How is everything getting more expensive but the wages are still the same? I dont like that!

@VS-mn4tv

3 жыл бұрын

so true

@sammyismuff

3 жыл бұрын

Because of lockdown. The economy runs on goods and services, and because of lockdown, people are spending their time doing unproductive things like entertainment, and many people are getting laid off. Simply put, people are getting less work done compared to what they consume. This will lead to an economic crash.

@johndaver9812

3 жыл бұрын

Romanashelburme

@johndaver9812

3 жыл бұрын

@@VS-mn4tv pavement

@knuppel8875

3 жыл бұрын

@@sammyismuff because this trend has only been for 1 year instead of the last 12+

New "cars last longer than they used to"? 90s Japanese cars would like a word with you.

@eman0828

3 жыл бұрын

Or any Toyota made in the early 2000s that were bulletproof.

@randomrazr

3 жыл бұрын

@@eman0828 what about new toyotas

@Epotheros

3 жыл бұрын

@@randomrazr They burn oil before 60k miles.

@ianhall6614

3 жыл бұрын

Also the vast majority of trucks produced within the past 25 years or so will be pretty reliable and hold value extremely well

@chieftigmos4018

3 жыл бұрын

I have a 2002 civic that I've driven to hell and back and literally beat the crap out of it. Still fires right up every time and never gives me problems. Ten years I've driven that car everyday. The Japanese make one damn good car.

Every time I watch there car videos where "most consumers" are mentioned wanting something, the less I feel like belonging to that group. I consider buying a new car a bit insane since you waste so much money due to the devaluation the car goes through during it early part of life. At the same time I'm glad someone DOES buy new cars because without them I might have to waste my money and pay for the "expensive kilometers". Second thing I always wonder is why people take loans to finance a new car. It's like accepting the stress of horrible devaluation AND extra you have to pay for the interest.

@angrydragonslayer

2 жыл бұрын

When "most consumers" are mentioned, these usually refer to focus groups or some other kind of statistic generation. Depending on the result desired by the company, the study will reach a conclusion and no peer review will be done. I have seen such studies where the teams started filtering with 50k+ replies and ended at

@mattgoettl6796

2 жыл бұрын

most people take loans to finance a new car because saving up 20-30 thousand dollars is not a realistic proposition.

Here in New Zealand and in Australia, Chinese car brands like Chery and Geely are actively competing with the used car market by selling, cheap, brand new cars for $12,000 or less. I would have considered buying a Chery car but due to the fact Chinese cars are still fairly new to the Western market, there's not enough spare parts for them to go around just yet.

@PikaQPika

Жыл бұрын

I would not trust a car made in china 😂

@TheKenzhang

10 ай бұрын

The quality of chinese Auto has greatly improved recently. Both.Chery and Geely are very reliable at this moment.

@user-py9ln4ok4x

5 ай бұрын

The price is so low it is not a big gamble.

Cheap cars are in abundance, they’re known as Used.

@aaroncabello8221

3 жыл бұрын

I've seen used cars that are more expensive than new cars despite having 90k-100k miles on them

@wturner777

3 жыл бұрын

@@aaroncabello8221 That's where Kelley Blue Book and Edmunds come in play. To keep consumers from paying more than they should.

@aitorbleda8267

3 жыл бұрын

@@wturner777 Rather to overpay?

@nghtwtchmn129

3 жыл бұрын

Always let someone else pay for the first year's depreciation on your cars.

@wturner777

3 жыл бұрын

@@nghtwtchmn129 Exactly, so others don't have to.

So the implication is, if student loans aren’t your problem, they’ll make car loans your problem. Seriously, 72+ months? That means “you can’t afford it”

@mikehunt545

3 жыл бұрын

few years from now you will probably be paying for their car

@longbeach225

3 жыл бұрын

@@CarMaintenanceGuy I went to college and graduated with no debt. I studied IT but pay in IT and computer software development is going down but yet to get a degree in this area the price is going up. I took my talents and currently opening a online business. I went to some of these entrepreneur seminars and learned a lot. The reason people do not take this path is because society has told them its too risky. Its designed that way so people can stay indentured to the big corporations for little pay. I think having just one steady income and nothing else is more risky as well taking out ton of loans that is guarantee for nothing. I rather take the entrepreneur route.

@Farrell0208

3 жыл бұрын

72 months? Try 96. 😂 can’t afford it ya say? Well it used to be you bought a car cash, and the only real purchase you financed was a house. Trust me eventually the government/ corporations will have their way, and 72+ month financing will become commonplace.

@harithdanial7831

3 жыл бұрын

Try in malaysia. 10% deposit + 108 months

@uacbpa

3 жыл бұрын

People still sign up for them. Long gone are the conveniences of having a car outweighting the cost. Now cars are a sign of status where people are willing to pay and pollute the planet for.

3:01 what they meant is pay executives a lot, and give peanuts to the workers.

@7zerozerozero

2 жыл бұрын

My thoughts exactly lmao. What it costs them to _overpay_ executives

@mikea5745

Жыл бұрын

At least there were explicit is separating out executives and workers. Let's be realistic, executives aren't doing much real work

This doesn’t cover how old cars without the technology are still climbing in price

Because people are getting loans to buy cars they can't afford in a vain attempt to look good.

@fynkozari9271

3 жыл бұрын

Loans? So what happens if they die before finishing the payment?

@chaff5

3 жыл бұрын

Yep. 2008 housing bubble is going to be 2022's car loan bubble.

@bmw803

3 жыл бұрын

They view it as a monthly payment rather than the price tag.

@chaff5

3 жыл бұрын

@@liberals_destroy_everythin2497 I more meant that people will eventually be defaulting on their auto loans in masse. COVID and unemployment has ensured this is going to happen sooner than later. I expected it happen in about 4-5 years.

@turbosure7873

3 жыл бұрын

Here’s an example of depreciation. I have been driving a long term rental, a 2020 Maxima SL, for 4 months. New it was around $41k, probably outright around $36k. Looked at a used one just like it with 20k miles for $27,500, was told $26,500 would take it home. Unless you had good equity in your trade or had a sizable down payment you are buried in that car. Almost all new autos are like this, some of the SUV’s and pickups seem to hold their value better than the cars do.

I didn't think 20 grand for a car was cheap. My bad.

@montyi8

3 жыл бұрын

Car industry mind conditioning-Cars below 20k are cheap. So one's cheap if he buys that, so indirectly forcing him to buy more expensive ones.

@stinger15au

3 жыл бұрын

You do get a lot more for your money than you used too. 20k today for a new car gets everything you NEED in a car. 20 years ago, the equivalent was 13k, for that you got a car that still needed air con, power windows, abs, airbags etc as options if those things were available at all. For a brand new car with warranty and zero miles, 20k is very reasonable

@Argedis

3 жыл бұрын

@@stinger15au That's assuming wages have kept up with inflation - which it has not

@foxesamu

3 жыл бұрын

@@Argedis right but car prices haven’t risen that much either

@Argedis

3 жыл бұрын

@@foxesamu You don't think so? In 2004 the Toyota Tacoma started at $12,460. Today it starts at $26,250. That's more than double. Does power windows and a backup camera justify the difference?

It breaks my heart that someday people wont be able to buy a pos 1,000 civic. Some of my favorite cars were under 2k.

My parents would always buy really cheap but reliable, new cars like the Toyota Tercel and drive them until them until it died. These cars had no a/c, no power anything, and no radio. We're talking no power steering. My mother has weighed less than 80 lbs. her whole life except when pregnant. As we got older, she would sometimes have us help her move the steering wheel like when were parallel parking. It was worth the sacrifice though if it allowed them to retire certainly not rich but comfortable.

Scotty Kilmer will still be driving his ‘94 Celica in 2041 😂

@kinnyboy

3 жыл бұрын

Facts. He’s already looking for a kit to make it electric 😂

@DoubleD8056

3 жыл бұрын

Hey guys! Chrisfix here!

@reyestorres6496

3 жыл бұрын

Scotty is awesome 🙌🚗😎

@Hmmm-Interesting21

3 жыл бұрын

Literally dude. But I mean I do prefer the idea of rebuilding my engine for my 98 4runner than getting an overpriced car.

@Solidsnake0208

3 жыл бұрын

hmmm interesting keep the oil clean and you shouldn’t need to rebuild it

And then they’re going to complain about how no one is buying their cars and why the industry is dying and blame it on us for not having enough money to buy the expensive cars

@sidneyvictorious3419

3 жыл бұрын

Yup absolutely correct

@Prototyp3m1nd

3 жыл бұрын

If only we'd stop buying so much avocado toast... ='(

@Zachery_

3 жыл бұрын

But not enough people buy manual transmission/ manual lock/ window cars with basic paint, you can’t have it both ways

@Zachery_

3 жыл бұрын

@@Prototyp3m1nd it’s not just that but also getting a car payment when you could drive a clunker Eating out when you have debt (aside from dollar menu and little caesars) Generally speaking Americans in general make poor financial decisions

@davidbeppler3032

3 жыл бұрын

Everyone is buying Teslas.

Hi. When a noun starts with a vowel sound, the pronunciation of the definite article is the same as every time you say it in this video. That is, it sounds like "thee." However, when the noun starts with a consonant sound, such as in "car" or "concrete," the definite article is pronounced "thuh." If it's confusing, you can use this trick: Just use the indefinite article for the noun, and then remember that if the indefinite article is "an," the definite article is pronounced "thee," but if it's "a," it's pronounced "thuh." It helped me when I started out learning English. Cheers, and thanks for the video 😊

Bought a used f150 last year with no power windows or anything more complex than a radio with a audio cable port. Love it. So hard to find a vehicle without all the extra electronic accessories

It’s either buy used cars for 2-5 grand or buy 30k+ cars

@RubenTrucks

3 жыл бұрын

You're absolutely right

@1310beth

3 жыл бұрын

Even many used cars are being sold for $10k-$15k. They call them "pre-owned" instead of "used" so they can charge an extra $5k.

@RubenTrucks

3 жыл бұрын

I bought my car for $1000 on Facebook marketplace cash then put in $3000 in repairs. Now it gets me around

@corymatthews6778

3 жыл бұрын

@@RubenTrucks same

@angelgjr1999

3 жыл бұрын

For me the sweet spot is 5k for a car you plan on maintaining and driving for years, or a 1-2k car you need just to get to work and home for a while so you can save money.

I'm shocked they're pointing to electronic features as a cause. A nice stereo can be put in at best buy for under $500. That's not even putting a dent in the 10k+ price increases we're seeing.

@slapshotjack9806

3 жыл бұрын

I know sometimes car dealerships will add the cheapest options for way more than what it’s worth on their websites it’s absolutely ridiculous

@ironmonkey1512

3 жыл бұрын

Look at all the HUD madness

@elliott8175

3 жыл бұрын

I agree. It's a BS explanation. Adding Bluetooth? Give me a break. I have some old Airpods that cost 200 dollars that had the best Bluetooth when sold. The 10k+ price hike is because of a low-res camera on the back and some Bluetooth? =| Fair enough if people are going for something more fancy, like Apple's CarPlay - features like these probably add about 1k each, so would add up pretty fast.

@slapshotjack9806

3 жыл бұрын

@@elliott8175 the camera also has sensors to tell you how close you are to something so it’s a bit more advanced than you think

@elliott8175

3 жыл бұрын

@@slapshotjack9806 Well, it depends on the set-up, but if you're like me then you just want a camera to cover the blind spot. There are "beepers", but they were around before the camera, and don't necessarily come with the package.

Some young folks won’t drive a certain kind of car. It was the same way when I was young so that hasn’t changed. My first car was a rusty, blue, Nova with duct tape holding it together. I paid $300.00 cash for it. It was my freedom and I drove it everywhere. I got two jobs and eventually bought a better used car. My sister thought my car was “embarrassing” and she “wouldn’t be caught dead in that car.” Guess what?? She sit her ass at home and I had the time of my life driving around with my friends!!

@NazriB

Жыл бұрын

Lies again? Expensive Car Ezlink Card

Federal regulations make it almost impossible to sell a new car for under $20k. And that’s a good thing. There are plenty of cheap used cars in excellent shape.

Every CNBC video : Instead of giving you a short answer, lets first take you back 10 million years to how the universe was created

@allergyahead8128

3 жыл бұрын

Ha ha I was thinking the same thing Whats with the Henry Ford story BS get the the stupid point of this story.

@retroguy9494

3 жыл бұрын

@@allergyahead8128 I can answer that question for you dude. Henry Ford revolutionized the car market and changed the country by telling his investors "I'm not interested in building less cars for more money for fewer people. I'm interested in building MORE cars for LESS money for MORE people." See, until Ford, cars were very expensive and only for the wealthy. But with his assembly line production, 8 hour work shift and 24 hour production, cars became cheap and affordable for most people. How it relates to THIS story is that we are actually going backwards in this country now. Less and less people can afford a new car.

@capmidnite

3 жыл бұрын

@@retroguy9494 Except Ford's competitors figured out after getting that first cheap car, consumers wanted to upgrade to the next shiny thing. GM practically invented planned obsolesence.

@olbradley

3 жыл бұрын

Because that's how history works. The vast majority of things are caused by decades, centuries or thousands of years of history. Stop complaining that you don't have the attention span to listen to a 10 minute video about cars.

@capmidnite

3 жыл бұрын

@@olbradley No one is obliged to listen to a 10 minute video about anything. I click away from any video that takes 10 to 20 minutes to answer something that can be explained in 1 minute. In fact, with this particular video I went straight to the comments section for the baby without the 9 months.

Yesterday, I saw an article titled “The Best Cheap EVs” first car’s MSRP was $46,000.

@stevencoffeen6684

3 жыл бұрын

We are waiting to see if Musk comes through with his anticipated $25K EV that he promises with be available by the end of this year or for sure by 2022. If he is able to do it that will be a real game changer especially if it can get the range and battery life that he is also predicting.

@Jakey4000

3 жыл бұрын

Like any new technology they start high to subsidized R&D and technology costs, and slowly come down.

@justinelombardi5697

3 жыл бұрын

@@Jakey4000 Yes, I agree. I just thought it was funny my $27,000 Ioniq which is cheap by EV standards did not make the list. There are a few that are around 30k or less now.

@justinelombardi5697

3 жыл бұрын

@@stevencoffeen6684 Yah I can get by on a small range given my commute but many can not. I am really hoping it pulls through.

@2004cyrus

3 жыл бұрын

There are many tax breaks, incentives and discounts on those vehicle so you won’t pay $46,000

Yes, you gentlemen are spot on ,when it comes to more persons plumping for a Used SUV/MPV today than for new ones which carry a hefty tax amount included in its total sticker amount. And cars last a lot more than they used to.

My first car was a little bit over $12,000. It was a 1998 Ford Contour. I got it slightly used in mid October of 1999. It was a very good first car. My 2nd was a little bit more in price since it was less than a year old. My 3rd car was a year old but, the brand was dropped from the line in 2012. I got that car since the miles were lowest than all of Ford Fusions and it was a 2011 Mercury Milan. My car right now is a 2015 Ford Escape SE. I’m happy the vehicle that I’m driving. I don’t have Apple Play but, I’m happy with BT in the Escape. Even the Milan had BT, too.

@LassieFarm

Жыл бұрын

I've never paid more than 2k for any car

To everyone buy expensive new cars, thank you! Please take care of and I will see you in a few years.

@xayer98

3 жыл бұрын

Facts lmao. Love a well kept hand-me-down that is only gonna depreciate in value but not quality if it's well taken care of

@gregoryeverson741

3 жыл бұрын

paid 18K for 2016 for fusion, fully loaded with 45K miles

@networth00

3 жыл бұрын

@@gregoryeverson741 You overpaid big time. 45k miles on a Fusion and it's almost ready for an engine swap.

@kidd32888

3 жыл бұрын

3-5 years used cars are almost new but way cheaper

@HoustonTexxas

3 жыл бұрын

Biggo FACTS!! 🤣

"We know, that's why we aren't buying them"-Millennials

@theshield1613

3 жыл бұрын

Not worth it ,more electrical more problems.

@Stephen-re4oy

3 жыл бұрын

Better for the environment to buy used cars anyway. The real key is old luxury cars at the bottom of their depreciation curve if you can work on them yourself.

@eplanti

3 жыл бұрын

@@Stephen-re4oy hehe, you can also call a dealership and just ask what banks are setting the prices of cars at, seriously... i got a 2 yr old car for about 14k usd and just 38k miles, because the bank had determined the car was only worth the blue book value

@BlueManRedManYellow

3 жыл бұрын

@@eplanti Sounds like something I need to try. Although, if it's the same bank that works with the dealership to finance you, they will still get you on fees and higher rates.

@brittneytrine6325

3 жыл бұрын

@@eplanti thanks for the tip! I will try this when I go car shopping.

Where I live in PA, none of the car dealers near me have cheap cars in stock. It’s frustrating

As a young person who bought my first car a few months ago, I hate the special features that most vehicles have today. They're a distraction, jack up prices, and overall, it was tough searching for a decently affordable car.

@paolaanimator

Жыл бұрын

I know you wrote this comment a year ago but I agree. I'm studying for a driver's license and been applying to jobs within my BA degree but got nothing so I've been doing gigs instead. Once I've saved up enough, I just want to pay for a used, reliable car down in cash and just drive away as my first car purchase. I hate the idea of paying monthly with interest rates. Sure I might worry about car repairs, but I'll make sure to get a reliable car that has cheap repairs in case anything happens. The cheap new cars mentioned in the video is way out of my price range, and I bet with inflation in 2023 it's worse, along with gas prices.

@unknownuser6757

10 ай бұрын

How do you even have the money to buy a car? What do you do for a living?

I’ve always bought used, and usually paid cash for them. I suppose you could call me cheap, but I just couldn’t bear to part with the amount of money they want for new vehicles. A car has never been a status symbol for me but rather a utility. Guess I’m a dying breed.

@kidd32888

3 жыл бұрын

I like to call you smart if you don't mind

@stanwolenski9541

3 жыл бұрын

Utility is what I look for in a work truck. Three years ago purchased a 10 year old Chevy Silverado with 19,000 miles on it. It was a US government vehicle used on a military reservation. Being a government vehicle all the required maintenance was done at the suggested intervals. I change oil and rotate tires and follow all other maintenance as shown in the car’s manual, I expect it to last another 10 years. BTW, I average around 23,000 per year, so in 1 year I drive more than the truck’s first 10 years in service.

@lanac7974

3 жыл бұрын

Indeed....same here

@jayg1438

3 жыл бұрын

Ditto, bought a 1 year old 2016 Fusion. It was a rental for 1 year, had 35k miles on it. Got it for half price ($16,750), fully loaded Titanium. 3.5 yrs later its paid off, has 63k miles and should be good for 140k more, debt free miles. Shame Ford has cancelled them.

@Anthony-qj7qe

3 жыл бұрын

No you're a smart guy who doesn't live beyond his means... on credit! 👍

“Lucking for consumers, cars last longer than they used to” biggest lie I’ve heard. My 20 year old Honda prelude is running better than a 2016 Chevy sonic I used to have. Cars nowadays are made with more plastic than Kim Kardashian ass.

@MrDuncl

3 жыл бұрын

LOL. At least they don't go rusty. After I fixed it in 1996 the front valance of a friends 1984 Honda had more plastic filler than metal. The same car got scrapped at about 15 years old due to rust, despite running perfectly and having only 60000 miles on the clock. As the mechanic said "there is no metal left to weld onto".

@joaodasilva4734

3 жыл бұрын

True, i owe many cars right now, and the more reliable ones are the old ones, my newer ones my 2008 f 150, my 2011 mustang and my wives 2011toyota corolla are not so reliable, the quality sucks, interior, paint, mechanics, my 1991 5.0 works like a champ with almost 30 years an 200k plus and my wives tercel, 98, with 175k plus miles works great, it even has the original sparkplug coils in it and runs like a champ.

@kevinmendez9371

3 жыл бұрын

Thats a lot of plastic

@rodimcgeesums633

3 жыл бұрын

Well when you stuff so much tech crap into a car it's more complicated... More complicated breaks more often.

@frequentlycynical642

3 жыл бұрын

Cars are MUCH better and more reliable than ever before. When I was a kid, our 1949 Studebaker was blowing blue oil smoke at 60,000 miles. When's the last time you've seen a smoking car? My 2000 Buick Regal GS still gets over 4,000 miles per quart, and most of that is a small leak. It has about 210,000 miles on it.

As an european ive never understand the US car market. Why they sell Ford Fiestas with electric powered and leathered seats ? That doesnt make the car cheap. In Europe we have small cars like Volkswagen Up!, Seat Mii, Toyota Aygo and Renault Twingo for under 10K.

I just want to point out something about the loans: they are higher and longer because dealers don't haggle anymore. They tell you a price and you either pay it or don't get a car. Because this happens, they can set almost any price, and if you want that car, you'll pay it, because you have no other choice. I haven't heard of anyone in the last dozen years (minimum, might be longer) of anyone haggling a lower price or getting more options for the same price.

this is why id keep my "cheap" car with over 180k miles rather than buy a newer one because the prices now are ridiculous

@Jiji-the-cat5425

2 жыл бұрын

Just drive the cheap one till the wheels fall off, repair it when necessary.

@iwan-wr7gn

2 жыл бұрын

@@Jiji-the-cat5425 I have an old golf. Last week I took the entire suspension apart and rebuild it, it drives as new and has 180k miles on it. If I want extra usb ports or leather heated seats I will just build it in. The car is 20years old and does look old, but idc it drives great and I got it for free. It only cost me 200dollar to fix it

@MrShitthead

2 жыл бұрын

Our market is being driven up by morons who are addicted to debt. No one with a functioning brain should be going 84 months on a car, or pay $2k on a phone they plan to only keep for 2 years…. But, thanks to the endless supply of mouth breathers who use credit cards and lax financing to spend 50% more than what they make, the market is happy to oblige and keep driving the prices up because they know there’ll always be these morons around to keep pumping money from. And then these idiots are the same who cry about how they can’t afford houses and how the government should bail them out of their “unfair” debt.

@dawnp1569

2 жыл бұрын

Yea I’ll keep my 240k mile Toyota Camry till the wheels fall of. I can afford a new car but to cheap to pay $500+ been spending my money on precious metals.

@princeo15

2 жыл бұрын

@@iwan-wr7gn nothing matters as long as we feel great in it.. I own a FORD FIGO 2010 indian model

My first and only new car was a 1997 Honda Civic that I bought at 20 years old. Now, my '97 Civic approaches 400,000 miles!

@JamesCook76131

3 жыл бұрын

Can’t put a price on new safety features though.

@roberte.andrews4621

3 жыл бұрын

My brother's 1986 Honda Accord, at last count, has more than 600,000 miles on it and is owned by my nephew and his wife. I bought a 1997 Lexus LS400 that was developed by Toyota at a cost of $1 billion. One just like it recorded over 1 million miles with no repairs to engine or transmission - aside from periodical things like plugs, filters and timing belts. I paid $1,700 for a two-owner with 183,000 miles on it and it runs better than any new cars, including Hondas, that I have owned in the 80s and 90s. It will be my last, and greatest, car. F.H. Royce said, "The best is cheapest in the end. The quality will remain, long after the price is forgotten."

@JamesCook76131

3 жыл бұрын

@entItyVR lol show me crash test ratings from the 70’s I’ll wait. Today’s cars are much safer in that regard, and also with preventive measures like stoping cars much quicker than human reaction.

@danielt.3152

3 жыл бұрын

Nice job on the 400K miles. You deserve a mileage award from Honda!

@SJHFoto

3 жыл бұрын

@@danielt.3152 Thanks

People seem to forget that the car companies like Ford, Volkswagen and Fiat got started making cars for the masses. The Model T and A, The Beetle and many models by Fiat. Now the car compaiies have forgot about the middle and lower income transportation needs. Too much unneeded tech are built into cars today also.

Our fleet of extremely well maintained and in exceptional condition "fully loaded" used cars: '97 Jeep Grand Cherokee, '00 Toyota Camry, '01 Honda Accord, '10 Mazda 3. All cars are extremely easy and cheap for most DIY repairs and very reliable. No car payments since '99, and no desire for most of the over engineered hot garbage with too many computers for everything (that fail) being produced today.

Being an engineer, I look at the many, many systems in a new car and wonder how many of them will still be working in ten years time.

@DaiwaMaster

3 жыл бұрын

"... he said, glancing at the new Land Rover."

@d.s7741

3 жыл бұрын

as an engineer (i'm a former tech) let's sit down and joke about self-driving vehicles, shall we?

@1Reddd

3 жыл бұрын

You’d be surprised. If it’s a Lexus you can guarantee 95% of it will still work. A BMW or Mercedes on the other hand, maybe not.

@MicePlayMCGaming

3 жыл бұрын

If ford's 10 speed autos and GM's electronics have anything to say, they wont be working in ten years time lmao

@marclaprise2945

3 жыл бұрын

Cheap metal and plastic (aluminum recycled beer can on wheels).

I'm 38, and I haven't owned a brand new car yet. I find it that I get more value when I purchase a few years used with more options for less than half the price than getting a brand new one with the latest options.

@btw-hl9id

3 жыл бұрын

Yeah and at the end of the day, the purpose of a car is to get you from point A to point B. They aren't assets that appreciate in value like stocks or real estate.

@michaelriebandt6754

3 жыл бұрын

I purchased a 2019 Jeep Cherokee 4X4 Overland, came off lease saved over 10,000 dollars, had 9,000 miles, lot of technology on jeep, First SUV I ever bought always drive a car, sold 2003 Chrysler 300m had 125,000 miles. Very reliable car, but more of performance vehicle not good in winter. My Wife did not want SUV, but car good in winter weather But not large car, so I purchased 2016 Chrysler 200C AWD, I saved well over 20,000 dollars on that car only had 16,000 miles, came off lease 2 years ago, it was disconnected in 2017. Very good in winter weather.

@ulipeterson6112

3 жыл бұрын

True.

@jaymorrison2419

3 жыл бұрын

Yep. I traded up to a top trim Taurus SHO last year, and at 3 years old it’s the newest car I have ever owned in 22 years of car buying. I can’t even remotely afford to buy a new car I’m the class that I want, and it’s becoming a pointless effort, and full sized 4 door cars are apparently a dead breed. Next car might have to be a Mustang...

@randomrazr

3 жыл бұрын

does it bother u if someone had sexin the back seat in said used car?

Thank you for this important Knowledge Share ! Thanks !

what car interior is at 9:42 ?

We can all keep driving our 95 camrys forever guys!👍

@pod9363

3 жыл бұрын

And then just pay for an engine and trans rebuild in a decade lolol

@user-xg8yy7yl1d

3 жыл бұрын

Pod Would probably be cheaper than getting a car payment

@pod9363

3 жыл бұрын

@@user-xg8yy7yl1d true.

@pod9363

3 жыл бұрын

@@user-xg8yy7yl1d Actually pff probably cheaper to have a low mileage engine/trans throw in instead of a rebuild

@ernesttanare862

3 жыл бұрын

I love my 2005 Toyoto Echo and it's a stick shift. I bought it cheap in 2017 and the mileage was only 90,000 miles. I am very lucky

Cheap cars arent gone, they just went up in prices.

@bryanbohlken7653

3 жыл бұрын

You had better be getting raises at work every year because the dollar has lost so much value. Not only cars have gone up in price, just about everything else besides electronics have gone up year over year. When you create money out of thin air and send everyone a Covid-19 check, prices of things are going to go through the roof!

@_rtx_

3 жыл бұрын

@@Dan0TheMano dollar?? They are getting expensive in my country too

@_rtx_

3 жыл бұрын

@@Dan0TheMano well yea :(

@fraided88

3 жыл бұрын

USD has lost value, covid pandemic made used car prices go up. Almost everything went up in price this year IE. tech.

@youngsol309

3 жыл бұрын

So basically what you're saying they are gone 🤣

In 1967, I bought a brand-new Dodge Dart with the 225 slant-six for about $1,800. In 1972, I bought a brand-new Plymouth Satellite with the 318 V-8 for about $3,500. Neither had air conditioning. I'll leave it as an exercise to calculate the equivalent prices today.

@stoundingresults

Жыл бұрын

$1800 in 67 is adjusted for inflation $13,000 in 2023 $3500 in 72 is $31,826

Get rid of dealerships and sell straight to customer would be best. If not, Americans stop buying and prices drop.

Inflation due to people who shouldn't have access to big loans buying more car than they can afford. Same thing happened with houses.

@Sevisstillalive

3 жыл бұрын

exactly why i bought a elantra. Already paid off. 15 bucks gets me 300 miles and I put my own system in it.

@codak29

3 жыл бұрын

CNBC comments are always filled with classist conservatives banging the personal responsibility drum. "When are these proles going to learn to buy something they can't afford?"

@Ice_Solid

3 жыл бұрын

@@Sevisstillalive I hate my my Elantra but hey it only took 9 months to pay it off. At least I can add my touched to it. $15 for 300 miles. I guess that is the difference of $3/gal.

@joaomarques7825

3 жыл бұрын

@T_ C he used the wrong words he is talking about loan interest rates being too low , specially because FED and other central bank of issue

@bbishopski

3 жыл бұрын

Was going to say same thing. Right on. Like you said, same with housing.

TL;DR: They make them cheap, we are just stupid enough to pay more.

@apocalypse487

3 жыл бұрын

It's that stupid Apple buyer mentality.

@trafficjam.

3 жыл бұрын

pay more for stuff we dont need... like the indicator light on the sideview mirror

@xenotiic8356

3 жыл бұрын

We aren't stupid enough to pay more, they have price gouged us and tricked us into paying more.

@Joshuatree7746

3 жыл бұрын

Its the cheap credit.

Zaha at an anger management support group : “hi I’m Wilfred Zaha and I’ve got anger issues on the field”

My rent is 25% of my income. Insurance is 5%. Food is another 20%. 25% is saved for a house downpayment. 25% is for discretionary stuff, cell phone, clothing, amazon, gardening. If I bought a new car, it would eat at least 25% of my disposable income, leaving nothing for savings. Market forces did this to my wage. I'm a machine operator at a production facility, something that in the past paid a wage high enough to afford those things, but wage growth never caught up to the cost of durable goods.

Just buy a 3 years used car and save like 40%

@TheTaquitoProject

3 жыл бұрын

I think that's a big part of why cars are getting more expensive. People who want to buy a cheap car get a used one.

@montyi8

3 жыл бұрын

@@TheTaquitoProject interesting, there should be a comparison for that. Used car sales vs cheap New cars sales correlation

@fynkozari9271

3 жыл бұрын

But I dont wanna have car trouble in the middle of nowhere, stuck in a forest with a used car. New cars wont break.

@The_Hulkster

3 жыл бұрын

@@fynkozari9271 Wrong. Friend of mine bought a brand new car. I bought a used 10 year old Toyota. Guess who's had more car problems? Not me.

@eman0828

3 жыл бұрын

I drive a 14 year old Toyota Camry SE. I don't spend no more than 7k grand on a car. I bought the Camry fe little as $4k. Toyota's and Hondas are the best used cars to buy and keep them for decades as long as you keep them well maintained. Scotty Kilmer still drives his 94 Celica.

Getting a radio was an option back in the day

@my3dviews

2 жыл бұрын

And often just an AM radio.

@nodak81

2 жыл бұрын

Not that long ago either, the radio was an option on my 2003 Kia Rio. So was power steering.

@Puzzoozoo

2 жыл бұрын

And electric windows were restricted to expensive cars

@drrobotnik2746

2 жыл бұрын

I just love my Mercedes w126 from 1989. It's so simple, it's not like cars today with electronic stuff overload.

@lisamccray9079

Жыл бұрын

Now the newer 🚗 cars don't have the c.d player

I loved my sporty, affordable little 2015 Toyota Yaris SE hatch 5-MT (w/TRD rear sway bar added) & hated when it was killed by a distracted driver in late 2019. I walked away fine though. Sadly, Toyota discontinued the authentic Yaris after model year 2018 here in the USA, though did offer a Mazda2 sedan (& later Mazda2 hatch) rebadged/disfigured as a Yaris through 2020. I wish Toyota, Honda, Mazda, etc would bring back the subcompact segment to the USA (Yaris, Yaris Cross, Fit, Mazda2, CX-3, etc.), & in some nice/fun/sporty/premium trim levels, & not just as stripped-down, bottom-barrel trim econoboxes.

from sweden, but i drive a volvo v70 from 2011, low milage, bought for around 10k in usd(idk if thats high in the US but in sweden its reasonable). Wife wanted to take a loan for a new car, i straight up told her that i refuse to ever take a car loan , if we cant afford it we buy a cheaper one until we can save up for a more expensive one. but im still hesitant to spend like 40k on a car unless i have many times over that in savings, its a luxury not a neccesity.

Used cars are good alternative for cheap cars. What we need is good long term parts availability mandated by law.

@oskarngo9138

3 жыл бұрын

Where do you find good cheap used cars?.... ....if we don’t trust dealers and ....don’t have rich relatives and ...can’t do basic car repairs (live in apartment)

@TheAmigoUser

3 жыл бұрын

@@oskarngo9138 Look on Craigslist. Also stick to Toyota and Honda, even if they are higher mileage they will definitely last a while

@starandfox601

3 жыл бұрын

Learn how to inspect a car and get a code reader.

@Bzking23

3 жыл бұрын

@@TheAmigoUser The Craigslist used car scene has moved to Facebook Marketplace ever since they started charging for car ads. Not sure if they still do it now though.

@ft9kop

3 жыл бұрын

WalMart.com sells car parts. I bought Denso ignition coils for my acura recent for $40 each

The wealthiest companies are always saying margins are razor thin, then pay executives and shareholders millions.

@Vairlocom

3 жыл бұрын

They never say its razor thin. If you listen to earnings calls, they are always trying to increase the margins.

@rs72098

3 жыл бұрын

Exactly Uber says the same about the drivers. Somehow they still manage to bring in millions to their CEOs and executives and then claim they have losses due to driver pay.

@Vairlocom

3 жыл бұрын

@@rs72098 their margins are thin after taking account of expenses which includes salaries

@flakgun153

3 жыл бұрын

@@rs72098 Executives are just employees. Uber's CEO gets a few million a year. Uber loses 3 billion a year. Executives get good pay because they're important and good executives are very rare.

@cable30

3 жыл бұрын

It all just corp greed or am i wrong ? lol.

that was really hard to find good used car for me...ended up paying a lot of money for 2015 acura mdx...

As a person from Finland (yes, that fairy tale country), buying the NEW car for 20 000 USD would be dream come true. Our reasonable size cars are starting from 25 000 EUR (30 000 USD). And this is something like middle size KIA ceed. Toyota Camry costs here 46700 USD. Gallon of petrol (gas?) costs about 7,74 USD. Driving is necessary for the folks living outside the capital area or big cities (estimation 50-70% of population). Only if we take into account the transportation aspect, I would love to have US prices for the vehicles and gas.

Buy used. You can always get a warranty with a used car as well. I will never buy a new car ever again especially here in New York.

@eman0828

3 жыл бұрын

Or just buy a Toyota and not worry about a warranty and a car breaking down all the time.

@hayleymiller7032

3 жыл бұрын

@@eman0828 we bought my husband a 2020 Tacoma. Have had nothing but issues and toyota can’t figure out what the issues are. Not all cars are 100%

@braetonwilson4296

3 жыл бұрын

@@hayleymiller7032 yeah but the Tacoma is made in Mexico. You should have bought a 2021 Corolla made in the USA/Japan.

@MrDuncl

3 жыл бұрын

11:11 Here in Europe manufacturers seem to have finally sorted out rust proofing. Back in the 1980s it was common for cars to be rust buckets once they were over five years old. My 8 year old Ford Escort certainly was a just year after buying it in 1981. Cheap cars are still being sold. People in the USA should look up Dacia to see what is available here.

@JiMBERLY

3 жыл бұрын

People just need to lease. Cars depreciate. They start to get more issues after 3-5 years. You get a new car every 3-4 years depending on how long your lease is. All basically still covered under manufacture warranty within that lease timeframe. People just want to say the car is theirs, but not want to deal with the money they’ll have to put into it with repairs.

That scared me about 6-7 year loans making up 60% of the market.

@aliadeeb6859

3 жыл бұрын

@Diana Prince Who can resist a lamborghini for $25/month for 50 years lol

@-darrell

3 жыл бұрын

@@aliadeeb6859 A lambo would be 25/month for 500 years ;)

@googlemail4241

3 жыл бұрын

Ya think? On inherently depreciating assets?

@aquarius9491

3 жыл бұрын

@@aliadeeb6859 $15,000 Lambo is it a "Salvage" ???

@aliadeeb6859

3 жыл бұрын

@@aquarius9491 haha guess I didn't do the math

I got super lucky, i found someone's grandparents that sold me their 2011 Malibu for $3800 in 2023. It had 164k miles on it and runs great

Automakers have been making cars more & more complicated, due in part to the government mandating features that cost more. Now with semiconductor prices, this has raised car prices.

The car manufacturers have somehow convinced you that taking on seven or eight-year loans to buy a rapidly depreciating asset is a good idea. If you have to stretch a car loan past four years to make it work, you can't afford that car.

@JoseFlores-xh5cj

3 жыл бұрын

Calling a car an "asset" should be illegal, I consider it to be a liability.

@orangeVSappel

3 жыл бұрын

Exactly! I would even say three years should be max for most people.

@matthew9677

3 жыл бұрын

Post major car manufacturers have their own financial department and are putting the loans out themselves now. Of course I think it's a good idea!

@dallasgurl1989

3 жыл бұрын

i have a 7 year note on a “cheap car” i like the flexibility of having such a cheap note that i have been paying way over the monthly and it will get paid off earlier.. and during times when i need to focus on other bills like xmas i will be months ahead so i don’t have to pay anything..i know i’m not the norm but i like it...and my car is under warranty so i don’t have to worry about nothing for a couple of years...just a different perspective

@neaorin

3 жыл бұрын

@@dallasgurl1989 right, but you could've made the monthly payment on a 4-year loan - you just chose not to. I was referring to people who are stretching the loan because they can't afford the monthly on a shorter term loan for the same car. And the dealers are telling them that's a great thing to do.

When they said cheap cars I thought of 7 thousand dollars car , 11 thousand , not 17 or 20 thousand

@yourmango461

3 жыл бұрын

Lada's cars range from 7 to 14 thousands. Quite capable to outrun GM SUVs first 10 secs

@muhammadwazienaqwayusuf3335

3 жыл бұрын

Actually in Asia you can get new car for 11 thousand dollars

@pensatoreseneca

3 жыл бұрын

@@muhammadwazienaqwayusuf3335 that’s my point ! There’s cars that are around 9, 11 thousand dollars, but they are talking about prices that aren’t really cheap

@quazimoto5241

3 жыл бұрын

Cheap NEW cars

The more of these videos i watch the more car ads I get on KZread lol

You should check out Singapore, where the cheapest car carries a price tag of at least SGD$80,000.

_”If you buy used, you can also have more than one car”_ ~ Scotty Kilmer

@calgary2800

3 жыл бұрын

Thats what I do. 2 used cars. Variety and already has scratches here and there for free.

@donshufflah

3 жыл бұрын

I’m taking a wild guess that Scotty Kilmer is an American.

@stainlesssteellemming3885

3 жыл бұрын

​@@donshufflah Probably, but it's not as stupid as it sounds. I own 4 cars, ranging in age from 14 to 23 years old. Total purchase cost - about $25K. Total miles on the clock? About 700k. That's my car, my wife's and one each for my youngest kids. With the exception of the oldest car, I would happily do my annual 3,000 mile road trip in any of them (and have done). The older car did do a 1500 mile road trip this summer, and just had some trouble with a leak in the water reservoir ($50 part and 1 hour at the hotel to fix). The thing is, unless you live IN a major city, a car of some sort is not a luxury here. Public transport is almost non-existent, and shops, services, doctors, and so on are spread out on the assumption everyone has a car. So having more than one is inevitable. It also means there's always a spare car in the drive if one fails to start.

@bettyvanderhooven-schmaasc4235

3 жыл бұрын

@@donshufflah yeah, Click bait, KZreadr with a million subs.

@alexanderespinoza

3 жыл бұрын

START YOUR ENGINES!!!

Comment section is a better analysis than this video

@PristinePerceptions

3 жыл бұрын

It always is. CNBC has a habit of making a 10 minute video exploring the question, without attempting to analyze the reasons and come to a conclusion. The "why" is always left unanswered.

@Racko.

3 жыл бұрын

@@PristinePerceptions exactly

@JohnDoe-vh4rt

3 жыл бұрын

CNBC spends their budget on the b-roll footage and editing and skimps on the analysis. How can they not discuss low interest rates and easy credit allowing people to spend more?

@storyteller1749

3 жыл бұрын

That's because the producers live on paper. And they really do think that everyone will believe them in spite of what their own eyes tell them on a day to day basis. This is what a college education does to some people. This also seems to be the problem with our "elected officials". They don't live in the real world with the rest of us either.

@pamacons

3 жыл бұрын

@@PristinePerceptions as well as ignoring a basic economic principle called inflation. If you’re going to define a cheep car as under a certain price logically over time there will be fewer cars in that price point

I got the versa 2020 for 20k and only had two owners, as a 23 year old I’m more then enough grateful and happy with my car🙏

It's not just profits for carmakers. Another factor is the availability of cheap credit over the past decade. Extremely low interest rates means people more often that not finance their cars. As they are not paying very much interest, they leverage that extra money into more expensive cars. This creates a high demand for more expensive cars and reduces demand for cheaper cars. Here in the UK, the typical starter car for 17-25 year olds as recently as the 2010s were small and cheap hatchbacks such as the Vauxhall Corsa, Nissan Micra, Fiat Punto. Now a significant number of them are driving around in new BMWs, Mercedes and Audis, a trend that has really taken off in the last 2-3 years. I am a delivery driver so spend alot of time on the road. The trends I see are quiet shocking to be honest. There is no way it is sustainable. Eventually, people will need cheap cars again, and manufacturers will have to adapt to the marketplace, at least to some degree.

Cheap cars are disappearing..(but only in the US)

@JonathanVaucher

3 жыл бұрын

Good, so I won't buy american.

@ddelimar

3 жыл бұрын

Exactly, I thought this was a bit too much US centric. Like US is the whole world.

@andrewthomas5458

3 жыл бұрын

100% true.

@googlemail4241

3 жыл бұрын

@@ddelimar >=75% of US college graduates arent functionally literate when it comes to a short non technical document and yet anybody in the world thinks they have any ability to have basic object permanence or awareness of anything else in the world. Its flat btw as stated by god per the bible or something. Anyways humans gonna human.

@olliegoria

3 жыл бұрын

@entItyVR So it's a North American problem then

Lol @ referring to a 20k car as “cheap”.

@uncleruckus2487

3 жыл бұрын

A new car at that price is cheap lol

@benmenson6258

3 жыл бұрын

I'm confused.

@angelgjr1999

3 жыл бұрын

For a car with zero miles it’s a good deal. Tbh I’ve been considering in getting a cheap daily like a Honda Civic.

@austingriffith3598

3 жыл бұрын

@Jonathan McCully I’m on the market for a good reliable daily driver to keep for several years. I’ll probably be going with a 2013-2018 Mazda 3 Hatchback. Examples with less than 100k miles are plentiful and easily under 15k!

@tiamarie1226

3 жыл бұрын

I agree 20 K is still alot it used to be less

I love compact cars you know how awesome it is to drive in Houston traffic and only spend 8 bucks to fill up a week.

@plinyelder8156

2 жыл бұрын

Smart car?

If you guys don't know , Tata motors launched Nano car in 2009 just for $2400 in India , it was a good car , but it failed in Indian market

"Raise car prices = lose customers = blame it millennials" really does summarize this video perfectly

@TopFlightSecurity415

2 жыл бұрын

thats with everything... every industry thats struggling we millennials get blamed, yet they wont even bring up the fact that we cant afford a lot of things due to greedy employers and inflation

Cheap cars still exist, they're called USED CARS.

@neutrino09

3 жыл бұрын

The average consumer doesn’t have 15 thousand sitting around...which today buys about a 3-5 year old car. Due to the cost of borrowing being higher the older the vehicle is it can often “cost” less to borrow on the newer vehicle, which is how salespeople earn their living. Understanding money and loans should be taught but most people don’t save or understand money.

@SevenRiderAirForce

3 жыл бұрын

​@@neutrino09 The average consumer should never finance a car in the first place.

@SaintNyx

3 жыл бұрын

@@neutrino09 a $5,000 car will serve you just as well as a $15,000 one.

@neutrino09

3 жыл бұрын

@@SaintNyx many people have nothing saved and buy on credit. I didn’t say it wise or that I did it. I was pointing out how the problem happens. Thanks for implying I’m ignorant though..... enjoy your day

@neutrino09

3 жыл бұрын

@@SevenRiderAirForce agreed 100%. I save for everything I buy. Credit is the demise of many and increases the cost of everything. Shame we don’t teach money, debt and credit in school.

this year the lowest price for a Nissan Sentra starts at 19,600 while for example the Toyota Corolla Hatchback starts just over 20,000 while the starting price for the base Toyota Camry for 2023 model year is 25,500 while the top trim level will cost around 37,000 while for example the base price for a 2022 Cadillac Escalade is 76,300 while the price for a fully loaded premium Luxury version is over 110,000 or the starting price for a base model 2023 Cadillac Lyriq is 60,000 and the top premium luxury will be similar to that of the Escalade at least the base prices of the Cadillac SUV's are a bit fairer compared to the starting price of the Lexus LC which is over 94,000 or it's convertible which starts at 103,000

The cars of today have more electronic equipment on them that ever in the past. Also it is unheard of for a car not to have air conditioning. Also the manual transmission has nearly disappeared. Around 45 or more years ago it was possible to purchase a car that was sub-compact and had almost no options. The basic low cost car back then had no power steering, no power brakes, no air conditioning, no radio, hand cranked windows, a four speed manual transmission and a very low power 4 cylinder engine. The original Volkswagen Beetle was typical of the low cost basic transportation car that got a person from point A to point B with no frills and no options.

I just bought my 2001 Honda Accord for $500 Yeah, it's ugly but damn it runs excellent!!!

@reinbeers5322

3 жыл бұрын

Accords are some of the most reliable cars out there.

@napynap

3 жыл бұрын

It still starts right up!

@markchang2964

3 жыл бұрын

Lucky man!

@joedollarbiden9823

3 жыл бұрын

Finally someone with a brain

@cosryuu3900

3 жыл бұрын

Scotty Kilmer approves

So basically: gas prices fell and with them the demand for small/cheap cars.

@paxundpeace9970

3 жыл бұрын

Someone with a brain

@AmongUs-mb4qx

3 жыл бұрын

The real answer is here folks.

@jayarfa8453

3 жыл бұрын

Hasn’t Biden raised gas prices?

@paxundpeace9970

3 жыл бұрын

@@caribbeanbound8357 they don't make margin this big per truck but it is still massiv

@thegreatfomo

3 жыл бұрын

Yeah what a stupid mentality, eh. Gas prices drop so instead of taking advantage of the fuel savings morons go out and buy bigger trucks and cars.

Owning a good multipurpose car is still only a dream for me right now 😔

5:41 that's my baby right there, 15-17 Toyota Camry SE. I always have the itch to sell it and buy something more exciting, but when I take a step back and realize how much money I can put away and invest each month as a result of owning a paid off reliable car, it feels reassuring having things in order and not making payments anymore.

@jml9550

2 жыл бұрын

Smart move. Don’t let a car define you. If you are able to buy that dream car in cash without make a dent in your wallet? Then go for it. If not the Camry will serve you well for a long time, plus having cash for those rainy days. I have always live conservatively and have 2 paid off houses in the SF Bay Area. I Never spent more than 25% of my annual salary on a car and always pay cash for it.