EVERYONE IS OUT OF MONEY And The Car Market Is SCREAMING IT!

EVERYONE IS OUT OF MONEY And The Car Market Is SCREAMING IT!

In this video, we're talking about how the negative equity crisis could destroy the economy. Dealers charged too much and banks allowed too many bad auto loans. Repos are spiking and people are looking for ways to get out of their car loans.

My name is Brandon and I am a used car dealer. I created Car Questions Answered to share the ins and outs of the used car market from my perspective. I share with you updates on car prices, what's happening at the dealer auctions, and what it's like being a dealer. My goal is to share information to help you make the best decisions while buying a car to save you money. I do not want car dealers taking advantage of you.

Thanks for watching and please feel free to leave any comments you may have in the section below!

And make sure you don't forget to LIKE, SHARE AND SUBSCRIBE FOR MORE!!

*None of this is meant to be construed as financial advice, it's for entertainment purposes only.

#UsedCarMarket #CarPrices #carmarket #usedcarprices

[carlfromtheoc]

Not everyone is out of money. Some of us are cheap S.O.B.s who will keep maintaining and driving our beaters for another 100, 000 or 200, 000 miles.

[maindimon]

Can you imagine owning a 2007 CRV with 300K miles and still making payments on it !!??

[tom]

And yet they won't budge on the prices

[Lazlazor]

imagine getting your 2007 honda repo'd with 300k miles on it🤣😂🤣😂

[moochiekk]

I give you so much respect for not posting idiotic prices like $2999.99 but easy to see $3, 000, $4, 000. So refreshing to see.

[laqutis]

I remember the 70's and early 80's when most if not all auto loans were 48 months. I thought that was crazy.

[josephszot]

Not buying cars now it's called, COMMON SENSE!!

[The_Real_Indiana_Joe]

I drove the same truck for 22 YEARS!!! And it didn't look any where near as bad as some of the cars. WTH do people do to tear up a car so bad???

[TheElitegamer]

This guy has been making these "Car market is OVER / DEAD" videos for 2+ years yet nothing has actually happened. What I want to know is does he actually believe anything is going to happen or is he just baiting views to make YouTube money?

[nDndAd]

So glad I paid off and actually own my car.

[jeffnoob]

How about those 2025 msrp's that have come out. Prices aren't going down at all

[Jesse-xu]

All my bills are paid up a month just in case. I'm working more overtime. I feel for the ones that are hurting because it's only going to get worse. BUCKLE UP.

[midwestmg]

Pretty wild to see these old worn out cars worth maybe $2-3k getting repod. Can only imagine how much negative equity they rolled into their notes.

[frankroper]

The problem is people buying cadillacs that ought to be driving a Honda Fit!

[edg]

I have wanted to replace our older car for four years. I could afford what they want for a vehicle, but I will not pay these inflated prices. I will pay a mechanic on what I cannot do, but not the dealers service shop, an independent.

[LockedUpLarry]

People are not out of money…. but irresponsible buyers ARE out of credit.

[GNZ-by]

I went through a divorce after a toxic relationship. She kept everything, including my car, so I bought an old 1999 Honda CR-V for $2, 000 and restored it myself, buying parts on eBay, Walmart, and Amazon. The parts cost roughly $500, and I replaced belts, engine mounts, headlights, O2 sensor, alternator, light bulbs, sockets, pins, lids, and changed the oil and fluids. The car runs smoothly now, with no noises or leaks, and I’m not a mechanic, but YouTube and AI helped me diagnose and fix things on a budget. I passed the inspection and got back on the road. I’ll hold off until prices go down—no rush.

[SHOE]

80K for a truck is insane and auto companies are going to go out of business at this rate or be a shell of what they use to be.

[maddstaxx]

record consumer debt and delinquency. record low consumer savings. record high prices. employment decreasing fast. we definitely cant be balls deep in a recession.

[JCPURCBKOGE]

That’s funny car dealership prices are still high.