NEVER do THIS when buying a car New or Used in 2021\2022

A Professional mechanic shares things you should never do when buying a New or Used car in the times of chip shortage in 2021 and 2022.

Folks I love you deeply, Never do this when buying a car. Buying a new car or a used car is usually a happy time where you upgrade or start new car ownership. but in these difficult times for the car market things can go south very quickly before you realize it.

With the current climate of the car market some dealerships are becoming very crafty in finding ways to take advantage of the shortages of cars. Honest dealerships will do what's right and continue doing what's right. But those who take advantage of the situation are to be avoided.

In this video I will share with you some tips and things you should never do when buying a new or used cars in these times. Please don't be a victim to the shameful tactics that some dealerships are using to seize the moment and make extra profits from your hard earned money.

The common theme of this video is to that no car is worth more than what's it's worth. Usually inflated prices for cars are reserved for high end, rare and exotic cars because of their nature. But I'm seeing similar trends for normal every day cars. Please be aware of this and don't part ways with your hard earned money easily.

From the bottom of my heart I wish you are never taken advantage of in this tough market. It's not worth it and it's not right. May the lord bless you and keep you.

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#thecarcarenut #newcar #usedcar

0:00 Intro
0:56 What's going on with the car market?
3:52 Never do this when buying New cars
8:35 Never do this when buying Used cars
14:40 Insurance tips?

[ztekz]

Unless you don’t have a ride and need a vehicle, the cheapest car is the current car you own! Just wait it out as things will eventually improve once all these chip manufacturing issues have been sorted out. Dealerships are “gouging” because people are desperate..which is sad! Don’t let them (dealerships) get away with it!

[Breadtscks]

In case someone sees this in the future and are looking at Toyota of Orange in California, they were charging 13 grand ABOVE MSRP for a rav4 in May. I was casually looking and was floored by that. Definitely remembering that in the future!

[AA-ossg]

This dude is like a big brother who looks out for you!
God bless you for your time & effort every bit of your advice is sound! Thanks big daawg!

[braaapattack]

couple things id add to this

1- never act desperate at the dealer, act like you could careless if you got that car or truck, if they see you are desperate they will take advantage of you

2- look outside the box, ie, find the small dealership in the middle of where, they will have less foot traffic and more likely to have something

3- NEVER use their financing unless is a promotional rate (ie 0%), the fianance department can, and will, bump your interest rate up to 2% (why pay more per month for the finance guy to get a kick back from the bank. BUT, do not walk in the door telling them you are paying cash or have your own bank check, as they wont even talk to you then, just push off the "payment" calculation by saying "oh ill worry about the payment amounts once we figure out what car/truck i want and settle on a deal"

4- get GAP insurance on your loan, as if you total the car/truck, and you owe $20, 000 on it, and all insurance will cover is $15, 000 it will pay the $5000 to pay off the loan! now youre not stuck paying $5000 for a car/truck you no longer have, or rolling that amount into a loan on a replacement car/truck, GAP insurance is around $120 total! this is the cheapest insurance you can ever buy!!!!

i managed to sell my truck this spring for nearly msrp of what it was new (55k msrp for a 2016 ram 3500 cummins, and got 46k in cash for it with 50k on the clock) and paid off my loan for well more then i owed, went to the bank, paid off my credit card, and a personal loan my work car was taken on as it was too old for a car loan, and put the rest down on a brand new 2021 silverado, got $5k in rebates and $1k off sticker ontop of the rebates. all by driving 20 extra miles one way to a small dealer in the middle of no where, didnt tell them i had a pre-approved loan check at the bank, made the deal, and drove to my credit union, picked up the check, and drove back to the dealer. finance guy was mad as hell and pretty much threw the keys at me, i walked away smiling and got a way better rate then their "best" rate.

also, dont overlook private party sales, you can find honest people who will work with you on the car/truck they are selling, and you can feel out how the vehicle was maintained, and maybe get a full folder of receipts of maintenance done to it. if they seem shady, walk away, if they bring out the folder, show you everything done to it, and talk about yep this was done and that was done, and are honest enough to say "yeah, it was in a small fender bender, heres some pictures of the damage" will possibly be more then any carfax will show, i had car i hit a deer with, it never showed on its carfax when i traded it in and looked at the listing when the dealer sold it, but i knew the whole front bumper, bumper support, and rad/core support had been replaced, and the front headlight was expoxied together for a mounting tab.

just my 2 cents worth of thoughts

[je]

Another good piece of advice would be to invest in a reasonably priced OBD code reader before you go shopping for a used car. Don't rely on the check engine light or any other dash light to tell you if there's a problem because the first thing used car dealers do before the show any vehicle is deactivate those lights. Last year when I was looking for a new, used car, the first car I test drove was a 2014 Honda Civic. It looked sweet & drove sweeter. But when I plugged in my code reader to the OBD port, two fault codes appeared. One of them was for a gross EVAP leak, which was serious. The check engine light never turned on. Also, it's best to plug in the code reader after you've taken it for a test drive. That way, in case the dealer cleared the previous codes from the PCM, the drive may reactivate them.

[Coops]

This video saved me $9k.i was about to buy a rav4 hybrid at a local dealership and I knew they were asking above msrp. I assumed everyone was doing that. After watching this video I called around and found a dealership that did not. They are a little farther away and I have to wait a little longer but so worth it! Thank you!!

[moose]

AMD, you are truly a public servant. Thanks for everything that you do for the Toyota community.

[brianfunk]

Who in their right man would give AMD a thumbs down! This guy is awesome and helps a lot of people! Thanks for all you do for us! I wish I was closer to Chicago so that you could be my mechanic! Cheers

[andrewstameson]

I noticed this year, rather than charging over MSRP, some dealerships are selling you 2000 or $2500 paint and upholstery protection plan which you don’t find out about it till you get into the finance office. When you tell them that you’re not interested, they tell you that it’s mandatory that you purchase it or you cannot purchase the car

[gianmariavolonte]

Our Ford sales manager was terminated over this. He had ripped the manufacture sticker off the more popular cars and told customers the selling price 3-5K above MSRP. He had a USED 2019 Ford F-150 Raptor listed at $79K when the original MSRP was $72K in 2019. The sales manager forgot that people can find the window sticker online and logged complaints to the general manager about the pricing of vehicles. Needless to say, we need a new sales manager now. One thing is for sure, our service department is real busy now. People have decided to hang on their vehicles and repair it instead of paying ridiculous prices.

[johnk]

I sold cars for a few years and the average person is clueless and can't even do basic math. Especially these crazy times you give honest and smart info that will these people. Thanks for another great video!!!

[cordinate]

That's why the best now is to get 94 Celica, it only cost $300 and will last forever with almost no maintenance!!!

[brucewayne]

I have purchased many brand new Toyotas, Hondas and Mazdas below invoice. Usually $1000 to $4000 below invoice. I don't recommend anyone paying anything more than invoice. Never go buy a new car when you are desperate for a car. Listen to the Car Care Nut, he really cares👍❤️️

[TripleBerg]

I was lucky. I bought my Avalon in May 2020 before the shortage hit and people weren’t buying new cars. Got $6500 below MSRP. Sedans especially weren’t selling. Even better it was a hybrid so I’m saving a lot on gas.

[Tactidad]

I have not been a fan of posting comments on the internet for personal reasons, but I have loved all of the videos from The Car Care Nut, and he and other YouTubers inspire me to purchase my first Toyota 4Runner 2021 TRD PRO in Lunar Rock at MSRP. Heck, I felt terrible when the dealer offered me $150 off MSRP! Plus, free floor mats and other goodies total $400 off MSRP! The moral is do your homework, and it may take you a few NO’s before you get a YES! I called 20+ dealers around me until I got one 6hrs away with all the goodies mention! Don't fall prey to these legal robberies over MSRP purchases.

[auntbarbara]

7:21 that's why I drive a Toyota, so I am never going to be desperate for any new car!
Mine is 17 and still drives like a new car for me.

[kathleenwelch]

Amd, you are an amazing straight shooter and your tips you give to us the average consumer are priceless! Your sincerity and honesty comes right through the screen..thank you I have learned sooo much!

[lashadow]

You keep it real. Thx for talking me out of a new car. I’ll stick with my 194K mile Prius until everything settles.

[davidhastings]

Excellent 💯 thank you!
I'm a Own of a 1993 Camry aka Crown the one that has No Computer and Simply doesn't Die☺️ I've 144, 569 miles and I change my oil every 3000 miles with Synthetic oil 🪔 it's a little banged up but, Mechanically PERFECT ☺️My local mechanic says it's easy to fix & very cheap to maintain, I've had it since 1995 NEVER a Huge repair 💸💵 Bill.
I love your channel & and now looking for a 2006 Camry with a V6 private party sales ONLY 💯💰
Thanks for Everything 💯💯💯💯

[mikechiodetti]

He's right. It's almost a war now with dealerships. Even in good times, prepandemic, the extras put on a new car, not options but dealer add on's are nuts! I will add on extra warranty for the power train and the electronics, but that's it!