REPO CRISIS! People Have STOPPED PAYING For Their Cars!

The sequel to "Dude where's my car", coming straight to Blue Ray is "Dude, why'd i touch that car?" - Directed and acted by Brandon

My aunt always trashed her cars and I remember when she had a new minivan under warranty that she took in because the carpet was pilling up. The dealer diagnosis was, “Carpet needs to be vacuumed ONCE in a while.” I had to stifle laughter as she asked, “What do they mean by that?” I’m thinking, “They’re calling you a slob.”

A friends wife manages car repos for her credit union in Reading, PA. The $250 charge has increased to $450 due to higher risk, more trucks, and higher pay to their operators. Another real sign of the times... Another great video! Thank you!

If I had the ability to own a Lexus I would treat it like a prized possession. That makes me so sad to see a Lexus in that shape.

I don't know if it's all just the economy. I think a large part of the issue is that manufacturers and such are price gouging...taking advantage (and still taking advantage) of the pandemic to justify raising prices beyond reasonable. Just look at the profits and what the CEO's are making. Corporate greed taking from the little guy.

Probably the dealer who owns all those repo cars was charging between 25 to 30% APR. I have a guy at work paying 27%.

Brandon, I work for an auto dealership group in Louisiana. In the month of may, we sold 167 new vehicles (GMC/Buick) of which 72 were 1500, 2500, 3500's. We are presently offering $14,000 off of Sierra 1500 Elevation and SLT packages and $8k off Denali and Denali Ultimate. Additionally we sold 124 pre-owned vehicles. We are in a city with a population of approximately 175,000. We are on track to sell as many or more for the month of June. We only have 2024's available and are awaiting 2025's. I enjoy watching you on YouTube. The end of your videos are hysterical.... Keep it going. Tell Alex Hello!

Here in AZ, most of the "Buy-Here-Pay-Here" customers that buy with credit, are those that either have no credit rating or a poor credit rating. These customers are generally living paycheck to paycheck. All it takes is a small blip in their income stream and then the car payment doesn't get paid.

Repo'ing a beat up 250k+ mileage car is a sign of a cost of living crisis.

Buying things you don’t have money 💰 for—American consumerism at its best!

Prices are not plummeting at retail level.

Back in the day we called those things 'beaters'.

Tip for you Brandon, the middle & lower middle class always, always pay the economic tab when the big banks & their sugar daddy, the U.S. Treasury bails them out! Does 2008 ring a bell?

People are hurting out there.

My daughter just bought a repo and it was a RAM!! She obviously doesn’t watch your videos or mine!

I tried to own a car lot one time. I found that I had to be more corrupt to be legal with the DMV & auctions then if I was to just go on craigslist and flip cars personally, it’s a sad messed up way of life that we have allowed to be created. Thank you for your content 👍🏼👍🏼

The guy at the 1:15 doesnt only kick tires, but the bumpers too!!

I enjoyed purchasing a truck from you guys a couple months ago. Fastest paperwork ever. I don't feel sorry for the New Car dealerships that were gouging people for $5k, $10k, or even more for "market adjustments" a couple years ago. I am temped to go to a dealer and make an offer of $10-$20k under msrp and call it my market adjustment because their crap isn't selling and I am not looking for a vehicle right now. Sadly I was in 2022 and had to pay a little more than we should have. But it was a need not want situation.

@12:00 My counter argument to this would be salvage yards and auto recyclers... since prices are low and many of the repos have issues, salvage yards will have an opportunity to purchase later year models which helps those of us that work on our own vehicles acquire parts for low prices

Besides auto theft, not paying on car loans is justification for having a remote kill mechanism in cars... No pay, the car gets shut off and ceases to run... No one owns their cars until they pay off the loan used to buy them... 💥