People STOP MAKING CAR PAYMENTS! They Are MAD...and BROKE!

Cars are the worst investment you'll EVER make in your life.

So many people don’t even enjoy driving, they’re rushing, pissed off, sitting in traffic with their high payment units

I am 78. I bought ONE new car in 1973, Buick Century. Big mistake! Since then I have NEVER had a car payment. I kept expectations low, bought cheap in those days. Edged up to better cars over time. 380 Mercedes SL, Camry, Rav 4 etc, ALL used...ALL CASH! Plus for my business I always had a truck..........BOTTOM of the line. GMC 2 WD , six cylinder WTs. Sadly no such truck exists in Canada today.. I bought these trucks 6 - 7 years old and ran them for about 8 years .. The last truck I had was a Tacoma, about 6 years old. I drove it for about 10 years and sold it for $2000. CASH ONLY! Get real and do not take on debt and interest!

I did the credit roll over back in 2010, before going belly up. The company I worked for went belly up and I was stuck with a Pickup Lease Payment. Finally looked at income coming in and credit owed, walk in to a Bankruptcy Trustee office and got rid of all debt. Now pay the credit card off every month no matter how much I spend. Put aside savings etc. Planning for retirement. My advice is to get rid of credit cards, keep 1 absolute max limit $6500. It's a nasty circle to fall in to.

'04 Corolla. Bought in 2022 for $3000 w 70k miles. Bought a decent set of tools, jack and jack stands and a factory service manual. No payments. No breakdowns. Just maintenance.

Cars are NOT an investment!

thats the thing who....ppl went stupid at the covid era....they bought cars like they were going out of style now....its biting them in the ass...i myself would love a new car but im not willing to pay the price of a house for a vehicle....or the price of my rent as a monthly payment on a car. I work at a Hyundai dealership and i always ask myself how the hell are ppl affording these vehicles?!?!?! We sell 2-3 vehicles a day....and i just cant figure it out how they cam afford to pay 800+ a month in payments! I used to go to the BIG city every weekend or so...now.....maybe once a year....if im lucky, the price of gas and how expensive everything is i cant justify it.

The high cost of housing is driven by foreign cash buyers and large private equity firms purchasing a significant portion of homes in communities. US and Canadian residents are struggling financially and can not afford to buy a house.

In this economy it’s better to fix a transmission than to buy a new car

I’m a senior. My car is 21 years old. A new car…..NOPE!!!

I'm making more money than I ever have in my life, yet worse off financially than I have in what feels like forever. Absolutely crushing feeling. What's been really killing us is the cost of groceries and household items. We went from $150 a week comfortably buying everything we needed to $180 a week barely covering the basics. The lease on our 2019 civic is up and the dealership didn't even bother trying to negotiate the buyback. They knew I wouldn't be able to replace it for the $10K buyout, and they had nothing even close to our price range available on the lot. Mostly $65K Pilots and Odyssey's.

One thing anyone can understand by watching you videos is that you speak the truth. Thank you. Love the Dodge Ram

When your neighbor is unemployed it is a recession and when YOU are unemployed it is a Depression! Car prices are simply too high.What you are paying for a car today, used to be the down payment on a (small) house.

Yes is true that there is a cost of living crisis but that’s only half of the story. These consumers who chose to buy brand new homes, cars, boats, and toys - that is their decision. Cost of living crisis or expensive lifestyle crisis? Can’t feel sorry for any of these people who are living on a line of credit. Cash is KING.

Just put 6 grand American into a 2013 jeep wrangler with 201K miles on it. Why? Well in fact the new equivalent wrangler is really not any better than the model I have in terms of performance or capability. But a new replacement vehicle would be $41,461.20 which includes tax but not delivery or destination fees. That's the cheapest model with an automatic. The repair was for worn parts basically. That's 1/7th of the cost to replace the vehicle, and so I still have the remaining 6/7ths cash in hand. Because I always buy outright. I don't finance.

I daily a 2001 xterra. It's what I can comfortably afford these days.

My car got hail damaged and I was so thankful for the hail I was able to total it out and got rid of a $443 payment

Dude i make 20k more then i did 5 years ago but am still struggling. My home and car bills are small compared to the average person but i just cant catch up. Cost of living crisis is real.

I saw a superduty diesel crew cab for $2000 yesterday. I tried to grab it but it was already sold. Keep your eyes out for low mile cars and trucks being sold for pennies on the dollar.

Cost are rising but pay isn’t….thats a greedy corporation issue. You say it yourself when reviewing cars and these high prices.