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I recently gained over 20% in fuel efficiency.
I stop pressing the gas about a 1/8 – 1/4 mile before a light or a stop sign.
I drive 65 or lower in the slow lane on the freeway.
I stopped the habitual drag race from a stop light or stop sign.
I check my tire pressure once a weekend, and inflate 1 pound to 2 pounds over max.
I have literally rolled myself to savings. Went from 12 miles a gallon in my truck to 14.5
Edit: just imagine my savings if I were to add x caps.
For us average working people when you consider paying sticker price for the car, or more, and then couple that with high interest rates you are putting yourself in a financially distressed position, don't do it, it's financial suicide!
DEALER GREED has consequences
EVERYTHING Trump predicted is coming true. smh
Hopefully the dealers will drop market adjustment and start incentives again. The high interest rates are helping build inventory and the rates will come down again and right the ship in the near future hopefully. I'm hoping this situation will force dealers to come back to earth.
Recommending to pay cash for car is nice but if the average financing is $31,000 that's going to be hard to do for most people to come up with that much cash.
Hmmm. Yesterday 10/12/22 I was at Hansel Ford, Santa Rosa, CA picking up our 2015 Escape due to a recall service. There were no cars in the showroom. About 8 new trucks on the lot. The used car lot was full. The service department was slow (2:00 pm) and there were no customers shopping for cars.
It’s not all bad news. I just reserved a vehicle that should be here by the end of the month. I compared the manufacturer’s interest rate to my credit union’s rate. Surprisingly, the manufacturer’s interest rate was less. My salesperson indicated that if the car comes in next month, the rate may go up. I told her if that happens, I’m not buying the car. She seemed pretty confident that the car will be here this month though.
I will say, even though I paid MSRP for the car (which I’ve never done in my life), the experience was really good. The only numbers I had to deal with were the price, the tax, and a small paperwork fee (more than $75.00, but totally reasonable). She showed me different finance rates with different terms, and I was satisfied with one of them, so I put earnest money on the car to secure it. I also have excellent credit, and I’m making a 35% down payment.
There is absolutely no way the average person can pay cash for a new vehicle. Only the upper class or possibly a childless couple with a great paying job who own their home. There needs to be a limit on profits for major corporations because there is a lack of common sense with car buyers.
You two do a nice job.
Thx for this vid. Yal keep saying “buy cash”… when KNOW that’s the best option but let’s be realistic. Plenty of stats have shown most ppl don’t even have 2k in savings, let alone 10s of thousands!! Then what??
So what should the average person who NEEDS a car to get back and forth to work do? If I’ve got 10k cash, a ‘steady’ (cuz what does steady mean nowadays) job, nearly 800 credit score, what would be my best option?? (I personally want a 15’ RX 350. Reliable with few issues even at higher miles.) is it smarter to buy new or not? This could apply for any car by the way. What’s the formula to know what would work best?
If companies want to maintain high prices they run the risk of lower total sales which will really impact them in the long term on parts sales which is super high margins and drives alot of dealer revenue.
Great job 👏 👍 buy a house or car??? Crazy 1000 buck per month for auto 🚘 . I'll just drive a junker wreck it no big deal.
Only if people just buy car in cash it will be much better. Automakers are increasing prices as people extend loans and only think abt monthly payments
I see this as a huge help with motorsports and the fuel issues we face with ethanol
When I was in HS, interest rates were 18%. Things are easy these days
Holy! She sounds like that automated voice used in a lot of vids!
IT'S FREAKING ME OUT!!! 😲 HOLY 😱
I miss the old days when dealership and manufacture are willing to offer $3,000 incentive to buy their new car on the lot and thus offset the sales tax; in other words MSRP become out-the-door price.
Very good
Not true. Ram is offering 1.9% and 0% interest financing right now. Bottom line all these idiots over paying aren’t helping. If everyone would just not buy a car for 6 months you’d see prices slashed! WE CONTROL THE PRICES NOT THEM!! Once we realize that then we’ll be in control.
Car prices in Asia in the past used to be so much more higher than in the US. Now car prices in tHe US is more expensive
We will not buy any auto until the interest goes way down
Good to see Kevin looking a lot better. Elizabeth truly professional holding it down throughout
So lots fill up and financing goes through the rough. Back to deals next year or the year after
9.1% inflation? Really? You didn’t just quote that number… well let’s see gas alone is up more than 100% in most regions… 9.1%? What kind of new math is being utilized here??? I want to learn this new math so I can apply it to my bills!!!
Mazda offers 2.5% financing.
Not to go on a Conspiracy rant but, this was the planned all along. And yes we blame People that bought at the height because they wanted a new car, not needed a new Car.
I had a friend tell me that, since they couldn't afford a house they bought a new car instead.
I’m sitting on both of my cars until the Biden economy is behind us. Being retired, my income is fixed, and I can’t wave a magic wand to make more money appear in my bank account. My 2013 Audi A5 convertible is still just as much fun to drive as it was the day we bought it.
I hope the USA car market doesn't become like parts of Latin America where a dealer would rather let a car rust away before letting the buyer have a good deal.
No way Im buying a car for at least a year.. Prices still too high
Car prices are like gas prices: they go up instantly, but take time to go back down. The dealers will hang on to their "market adjustments" as long as they can get away with it. The manufacturers will avoid incentives until the dealer lots are full. When the dealer lots are full and buyers aren't keeping up with supply, sometime next year, we'll see better prices. Until then, don't get sucked into buying new or used.
Late-model used cars may take even longer to drop in price, as leaseholders continue to find it's a lot cheaper to buy out their lease.
As someone who always pays cash for cars… Yay! But I still feel like EVs (at least in my area), are still going like hotcakes.
I really don't like the way they demonize car dealers. I get you don't like the way they do business, but cherishing the thought of the going bankrupt is another thing.
They are still small business owners that employ people that will get hurt if they go bankrupt.
I teally hate the new normal that these people are using to explain greed
Guys! Make sure your interest rates is under 6%. I personally won’t buy if they can’t match my current 3.9% interest rate on my Wrangler.
Walk out the door and watch how they make adjustments for you!
I drive an 02 Camry with 366k miles and it’s an LE trim, only one trim level above the base model, so I wouldn’t mind buying a new Camry with the LE trim, which is now the base. Unless a higher trim level has features that you know you want (heated seats, a certain exterior/interior color, etc., you can save considerably by settling for a lower trim.
Car dealers and used car dealers are just like lawyers in politicians. How do you know they're lying their lips are moving. Want to make the world a better place get rid of all of them.
Inflation is something like 17% when you factor in food and energy. In order to fight Inflation the fed would have to hike interest rates at least 18% to fight Inflation. But it's only raising rates by fractions of a point nowhere near 17%. How is "the fed aggressively hiking interest rates" then????? It's NOT. Because if they truly hiked interest rates (higher than Inflation rate) the government would go bankrupt!
So stop saying they're aggressively fighting Inflation.
people were STUPID ENOUGH to pay for elevated car prices because they got 'covidmoney', what was expected after? I said in 2020 that all these actions by global governments were intended to cause a new wealth transfer, and here we have a clear example of it… no matter how much raises employees get now, they barely will cover inflation.. then recession layoffs will drive employment lower and poverty higher.. HUMANS ARE IDIOTS
She looks like a mennonite from Pennsylvania…..
TY for your research and reporting to the community.
Hey, I'm trying to buy a C class Mercedes Benz but the dealership wants to charge me $2,500 market adjustment and they tell me itsa good deal?
Went to the dealer to trade my wife’s 78k rx350 and they offered 11k . Greedy A holes
That must explain why none of the car dealerships have any cars on their lots what a joke
Good time for the repo men!!!