How much is the MONTHLY payment on a new Silverado?

Рет қаралды 541,632

5 жыл бұрын

44 percent of Americans rely on a car loan to finance a vehicle purchase. Many people walk in uneducated on how to properly calculate a monthly car payment. The # 1 reason I don't sell a car... Payment is too high. This can be easily fixed by knowing the right steps to figure your auto loan at home. In this video, I show you how much a Silverado cost per month on 60 months, 72 months and 84 months.
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P.S. Be ready to buy. I am ready to sell.😉
You can now find me at my own dealership in southern Indiana. My wife and I started Mike’s Car Store Located in Georgetown, In. Where Buying a Car Doesn’t Have to Suck™
We specialize in Late model Used cars for all types of buyers. If you have challenged credit we can definitely help you and ensure you don’t get scammed or pay too much. If you are a cash buyer or have excellent credit we will be glad to help you as well.
We are also specializing in our new Car Grabber service. If you are looking for a late model car and don’t want to contact a bunch of dealerships just to have them show you cars you didn’t ask for. We got you. Just head over to mikescarstore.com and tell us what you are looking for and we will get it for you.

Пікірлер: 2 300

@kchal0 5 жыл бұрын

I just paid off my 2015 Silverado. I am never getting in debt again. Having the extra money every month has changed everything. It literally felt like getting a $10k raise.

@oneqwickbird 4 жыл бұрын

How much were you paying? And congrats!

@bluepeter6482 4 жыл бұрын

Great lesson to learn, congratulations on both your ownership and realization!

@hermanwooster8944 4 жыл бұрын

Congrats. Once you taste that kind of freedom, you never want to go back.

@chaboi7 4 жыл бұрын

Good luck on repairs

@RyanPowerhouse 4 жыл бұрын

Yeah but your sitting in the seat of a newer truck. Without it you'd still want it.

@mocahnutz 5 жыл бұрын

Thanks for clarifying I can not afford a brand new truck lol

@benkuhns230 5 жыл бұрын

Lots of us in the same boat. Hawt damm

@slumpnmyrump4986 5 жыл бұрын

I'll keep driving my 80s GM trucks. Zero credit for me and I'm too lazy to get any 😂

@Max_n_ruby 5 жыл бұрын

Are you looking for a mid size or full size

@timbrewer1930 5 жыл бұрын

Same here lol

@michaelbateman7138 5 жыл бұрын

Vehicles have doubled to tripled just in my 30 years of buying cars. Our pay has not come anywhere near that.

@chadharner800 5 жыл бұрын

Yes you made me realize I don’t want a new truck

@uknojo916 3 жыл бұрын

At all lol

@billp4 5 жыл бұрын

Think I'll walk. Don't forget full coverage insurance and yearly registration

@mystorymylife9998 5 жыл бұрын

That’s what I was thinking. I would imagine at least 200-300 extra a month on whatever your bill is now.

@josem1596 4 жыл бұрын

@@mystorymylife9998 full insurance on my dad's truck is $50 a month. I'm not kidding, only downside is $1000 deductibles.

@taco_23 3 жыл бұрын

Don't forget the gas every week

@scottyhaines4226 3 жыл бұрын

@@taco_23 you have to get gas anyway and registration is a requirement for every car regardless if its new or not. Same with insurance. Paying a little extra for significantly better coverage is absolutely worth it unless you have a beater you don't care about

@jefftalbot8371 5 жыл бұрын

$800/month for 60 months for a pickup truck? That’s freaking nuts.

@CasiodorusRex 5 жыл бұрын

The best way to buy that truck is to wait until it's 2-3 years old less than 40K miles and you can get it for $20-25K less.

@domdrty 5 жыл бұрын

Even at that price it is too much.

@norcal3696 5 жыл бұрын

@Wile E Coyote right, like your mother.

@1970sRacing 5 жыл бұрын

bravo, and buy it from Craigslist so you eliminate the dealer mark up

@qtippz 5 жыл бұрын

@Wile E Coyote And they said racism is dead and to get over it.

@doblee7741 5 жыл бұрын

@@qtippz where is the racism I don't see it, its nonexistent

@jtwhit1125 4 жыл бұрын

never buy a car on payments, get final price out door

@bigdogpete43 5 жыл бұрын

Thanks for reminding me why I will always buy 3 year old cars from.individuals who have already taken the beating on a depreciating asset.

@jsrroadrash3663 5 жыл бұрын

I can't help but stare at Kramer in the back ground.....Don't think a new silverado is in my budget but thanks for the advice.

@onepomofo 5 жыл бұрын

I bought a 10 speed for 20 bucks 25 yrs ago. still running

@poisonvax1927 5 жыл бұрын

Nice.

@mottoisnotyolo 5 жыл бұрын

I’ll give you 25$ for it lol

@nofyfb123 4 жыл бұрын

Something tells me it was not a detroit product...

@stevekuresa5139 3 жыл бұрын

Well you bought at just the right time. Today it would cost me $75.00 just to tune up my bike, more than my car oil change.

@BarryMckockinner 3 жыл бұрын

20 bucks? 10 speed what? Tricycle? lol

@mattyounis5636 5 жыл бұрын

Dave Ramsey would say run away now can’t pay cash can’t afford It

@bigd9260 5 жыл бұрын

and he is right. I can see what the median income is in the US, I can see how many 40k trucks were sold in the US. Yes, some of the people have plenty of money........ but most of them are broke as a joke and will never retire. Me, I buy apartment houses and will be able to retire at 55. I drive an old Dodge Caravan....

@danielmckenzie6858 5 жыл бұрын

Matt Younis Dave Ramsey taught me a lot and why I live in a house that paid for, I am thankful for him. I don’t have car payments or consumer debit only because of what I learned years ago

@mattyounis5636 5 жыл бұрын

@Mike Gray excally took me way too long to figure that out😁

@mystorymylife9998 5 жыл бұрын

Yes. I noticed one thing while running a business and that is most millionaires and wealthy people are hidden . I work for this man that owns 5 wealthy businesses and he drives a 89 dodge van.

@coniccinoc 5 жыл бұрын

@@mystorymylife9998 My very broke friends have beautiful houses, cottages, boats and very fancy cars. They often goof on me for my choices. When you collect money, it can work for you while you sleep. When you collect possessions, you lose sleep thinking about how much work you have to do for them.

@hardwaylearner 4 жыл бұрын

This is Chevy dudes best video. >Go into a dealership and find the car u like >let them try to Foursquare u> threaten to leave as soon as u see the paper, use the leverage to make the deal better

@scottlynch5804 5 жыл бұрын

I wouldn't be able to sleep at night with car payments like that! I'm so happy and grateful for my 2008 Honda that I bought used 6 years ago and paid cash. I don't understand this country's obsession with new vehicles. They are just a means to an end. Great video as usual. Thanks!

@jvolstad 5 жыл бұрын

My ride is a 2016 Honda Accord LX. Paid in full. I don't finance depreciating assets.

@sarahann530 4 жыл бұрын

@@jvolstad But you have no problem paying cash for a depreciating asset

@BrianNC81 4 жыл бұрын

@@sarahann530 being a 2016 a large chunk of depreciation was already paid by the original owner. Getting hit for depreciation AND interest makes it even worse.

@sarahann530 4 жыл бұрын

@@BrianNC81 True but depreciation only hurts when you sell a vehicle and buying the correct new vehicle and keeping it for years works out better . You get the vehicle you want not somebody else's cast off .

@BrianNC81 4 жыл бұрын

@@sarahann530 keeping them as long as possible is probably the best decision to save $$. I'm driving a 15 yet old truck and plan on running it at least another 15 years. My car is a 11 year old BMW and has at least another 10 years left. It's amazing how long vehicles last when you take good care of them (and don't live in an area with road salt).

@EKFiPod 5 жыл бұрын

Jesus Christ those monthly payments are insane. idk how y'all do it

@ramonmunoz836 5 жыл бұрын

George S super reliable that you get a new one every 3.5 years? I’ll keep my F150 pushing 200,000 miles with no issues so far.

@JCunningham21 5 жыл бұрын

@@AdventuresOutdoors some kid in a honda totals your new truck your out $20k

@1RungAtATime 5 жыл бұрын

@@AdventuresOutdoors Why aren't you just leasing then?

@slumpnmyrump4986 5 жыл бұрын

Everyones got money nowadays. Except me. Not complaining life could definitely be far worse I'm thankful to have what I have.

@_J3RK_ 5 жыл бұрын

@@AdventuresOutdoors dude if you're doing this every 3-4 years you should be leasing. You're throwing away your money.

@mrstarr2520 5 жыл бұрын

24 years in the automotive industry and 18 years with dealerships ( michanic ) i have to say that you're the very first person i have ever sean/heard that's honest and upfront with people.. bravo sir, you have my respect. Without going too far into where i work lets say i will not buy a vehicle from my employer ( front line dealership )nor will i recommend them to anyone who askes. I WOULD buy one from you..

@marcjohnson7919 5 жыл бұрын

Looking at a 2019 Silverado, so this was great to see. Thanks for what you do. I worked at a small Chevy dealer in high school as a detailer and I remember all the talk from salesmen on how much they got out of XYZ customer. It's good to know not all salesmen are like that.

@marco74austin62 5 жыл бұрын

2020 Silverado prices just in....2 legs, 1arm, 7, fingers....apply today for our outstanding sales!!!

@joevaagen6170 5 жыл бұрын

You forgot to add the first born in there lol.

@paulallison6689 5 жыл бұрын

Ya also forgot to add in a left nut too!!

@daddygamble 5 жыл бұрын

And will close 5 plants and take them over to a foreign country for cheap labor and still sell it to you for the same price as if Americans were putting it together.

@anuvik3540 5 жыл бұрын

It's not just Chevy though.

@adamn5821 5 жыл бұрын

Wow.. 54k for a full size truck. That is crazy. Vehicle prices are out of control. Seems like you can't get a nice new car for a decent price any more.

@johnduke136 5 жыл бұрын

Never buy a new vehicle. Chevy has a crap warrenty so never buy it go with Mastertech. A 2 to 3yo truck with 25 to 45 grand on the odometer is anywhere from 15k to 20k cheaper. Sure you don't get those rebates, but who cares.

@mystorymylife9998 5 жыл бұрын

They are also made from aluminum and are very expensive to fix body damage

@my2moneypits 5 жыл бұрын

Wym? A ford F250 can hit $90k

@american_chevy616 5 жыл бұрын

More people, more demand, more money.

@dustin9258 5 жыл бұрын

In reality it’s actually a $45k truck that they marked way up so they could mark it down and pretend you’re getting a great deal lol

@adrianhunter109 4 жыл бұрын

The portrait of Kramer on your wall makes me trust you more.

@ChevyDude 4 жыл бұрын

Gitty up!

@epickleuva 3 жыл бұрын

This is really scary that 72 months, very little down is the “most common”. Holy shit.

@hoytman3id 5 жыл бұрын

So glad you showed this breakdown, not a lot of people show it.Last month i was looking hard into a new silveraldo. But I decided going in debt 50k for a half ton truck is stupid (thanks Dave Ramsey). For people with decent credit 670+ you can join a credit union and get a 60month loan for around 2.5% up to 84 for like 3.5.

@steven9770 5 жыл бұрын

I was about to comment before you buy one look up dave ramsey lol.

@tdog8507 4 жыл бұрын

$700 car payment. Great way to stay poor.

@c.miller 3 жыл бұрын

And this is on an almost base truck… Edit: the first example with a $39k MSRP vehicle

@nightmares2night77 3 жыл бұрын

Buddy pick up trucks make u money. Its an asset not a liability

@InvincibleMegaBeast 3 жыл бұрын

I have $1200 car payment and I’m living okay.

@toolhead147 4 жыл бұрын

That's why I bought my truck 3 years old only pay 380 a month. There is no way in the world I would pay 700 in a truck payment.

@privateperson5054 5 жыл бұрын

Wow ! Most concise and honist car finance video I have ever seen. I recommend non industry people watch this a couple times before buying.

@chrisk6474 5 жыл бұрын

Thank you for explaining this is such a simple and relatable way.

@shotputman2 5 жыл бұрын

I appreciate the insight Chevy Dude. Scary numbers though.

@AlanJWatkins 5 жыл бұрын

I can't imagine financing a vehicle for 84 months.

@cocotaveras8975 5 жыл бұрын

Alan I know it’s very difficult, I don’t have my license yet and preparing to get it in future and get an eventual car ad I have heard of people who get into a lot trouble and getting their credit score downgraded. So it is extremely dangerous.

@Dom_Solo 5 жыл бұрын

@@cocotaveras8975 I work for the largest subprime auto finance for chrylser. 80 percent of our loans are 72 months... If you can do 72 you can do 84... You score will only go down cause you missed some payments.

@UltimateTexasHoldemGuru 5 жыл бұрын

@@Dom_Solo You pay 20% more in interest on a 20k loan if you choose 72 months vs 60. It is even higher if you go 84 months

@thisorthat4195 5 жыл бұрын

Don't judge me.

@johnazhderian5734 4 жыл бұрын

Eventually, we will have 360-month car loans!

@mariorowland8342 5 жыл бұрын

I'll keep driving my 97 Silverado

@tkelly5422 5 жыл бұрын

84 months to finance a car. And no money down. Thats all you need to know about people's financial savvy. Crazy.

@PartyUpLive 5 жыл бұрын

See I would do 84 months if I could get a really low interest rate ONLY because I know I would be paying it off as early as possible by sending in extra towards the principal. But like he said in the video that's not likely to be the case. I have done this twice(not 84 months but send in extra) and paid off both vehicles in about 3.5 years if not sooner. Then again I never buy my cars with all the bells and whistles that jack up the price and I tend to keep my cars for as long as possible.

@nicksmith8166 4 жыл бұрын

I financed at 84 months with a high interest rate before because I needed a vehicle and credit was shot from divorce. I sent in extra every month and paid off my debts. As soon as my credit went up I refinanced with my credit union. That 84 month loan was just to get the keys in my hand.

@vwr32jeep 5 жыл бұрын

What this tells me is that I’ll never buy a new truck.

@user-dw3bg9ej8m 4 жыл бұрын

Hey man that was an excellent break down,been through the experience several times. Very helpful, thank you so much

@wisky8825 4 жыл бұрын

I love your channel...... You make everything seem pretty clear when he talk about it but I love that picture frame of Karmer from Seinfeld

@ericdiekmann11 5 жыл бұрын

Step one, finance thru GM at 6.7% to get additional rebates. Step two immediately refinance thru a credit union at 2.6% interest.

@ericdiekmann11 5 жыл бұрын

@Mike Gray it's at 2.74 now

@ericdiekmann11 5 жыл бұрын

@Mike Gray if you have shitty credit you're not getting that rate

@danhillman4523 5 жыл бұрын

@Mike Gray 1.99% all day around here.

@zr2trackerjoe 5 жыл бұрын

I got 84mo at 3.5%. pay extra if I can to pay it down. Credit Unions rock

@shawnlathrop852 4 жыл бұрын

4-6% at the dealer, no thanks. I had 2.49% on my wifes car and 1.99% on my truck through our credit union.

@harryhoudini3656 5 жыл бұрын

Also make sure you can afford the full coverage insurance.

@CamsCars 5 жыл бұрын

What another great video Mike! I am a GM Salesman in Canada and your videos are always on point! You work has inspired me to create my own channel I can only help for the same success as you!! Keep up the great work!

@BikeFitterErik 3 жыл бұрын

Thanks for the Video @chevydude!! I just bought a 2020 Silverado LT 4x4 CrewCab Duramax for a great buy. 53,680 down to 44,300 72mos @3.83% = 463/mo (with 15,000 down) and no payments for 90 days! Thank you so much for your valuable information!

@gregoryszwarc3642 5 жыл бұрын

That monthly payment is a house payment lol

@stevend8785 5 жыл бұрын

The problem is 20 bucks a month for 72 months is $1,440.

@coma4by 3 жыл бұрын

Exactly what I was thinking. The big picture matters just as much as the small one. But this mentality of "its only $20 a month" is very common. I just bought a truck last week and the dealer was like " hey, its only $18 more a month" . needless to say, I walked out and went somewhere else. And this guy doesnt show a dealer fee which im sure they charge around an additional $800.

@c.miller 3 жыл бұрын

This is exactly why the “4 square” sales tactic is so deceiving. Most people only focus on monthly payment and take no consideration on how they’re getting raked over the coals on either their trade, interest rate, etc. which will just place you in the middle of quicksand, if you’re not careful.

@youngchris2986 5 жыл бұрын

I watched your video a lot I finally managed to go and buy a new family car. Your video helped me a lot

@jaystell314 5 жыл бұрын

When a vehicle exceeds a normal house payment and depreciates 20K a year, it qualifys as the worst rodding of your life. The sales tax is more than I put down on my first house which was back in the Carter insanity years. Now, it is vehicle prices. I think we will see some dealer networks start to fold in a few years. People are in so much debt they could never recover but they look like they are high on life until implosion at the first obstacle in life they encounter. Kids are raised in the US to expect everything and instant gratification.

@dustin9035 5 жыл бұрын

Gave thumbs up just because of the Kramer picture. If I buy a Chevy it will be a festivus for the rest of us!

@nobhiker 5 жыл бұрын

And a free Manssiere!

@kristercarlson2635 5 жыл бұрын

@@nobhiker No, it's the BRO!!

@gmurf5599 5 жыл бұрын

I have the same Kramer poster in my office. Birds of a feather...

@kyleburton7394 5 жыл бұрын

Great to have this information out there. Expose the quack dealership techniques

@jermainejpshepherd2778 5 жыл бұрын

Good model to go by. It'll be useful for when I go after a new Silverado Custom. Thanks, Mike.

@joseburgos5106 4 жыл бұрын

Thanks for the information. Great video, short, sweet, and to the point. Now I got to review it again, I miss the part of the gift/cup...

@thebenson1983 5 жыл бұрын

Love the honesty, but let's be honest the way the car companies are pricing new vehicles they all will be out of business 5 to 10 years. When your car payment is more then your house payment we all know which one will be paid first.

@Dom_Solo 5 жыл бұрын

Unfortunately they want you to be behind.... Profits are in repo fees and late payment fees.

@sad-bo5jq 4 жыл бұрын

Clay Douglass YOU have a small mind. Lmfao $600 first car payment??? Don’t buy a car you obviously can’t afford. Payments are for bums, pay it off or stay in debt clown 🤡

@troyeager8877 4 жыл бұрын

Your optimistic! These prices I will start walking I refuse to spend more than a years income for 4 to 5 years use of a vehicle.

@sarahann530 4 жыл бұрын

@@troyeager8877 Enjoy your walk

@n4gkj 5 жыл бұрын

You are not showing all the truth. You casually say $20 a month between payment amounts shouldn’t make an impact on a decision to purchase. I say it does. $20/month up front looks trivial and might get some poor sucker to buy but in your example, every $20 increase cost the buyer $1200 more on a 60 month loan in the long run. You are just playing 4 square in a different way.

@shawnschroeder549 5 жыл бұрын

Amen

@Alamaric 5 жыл бұрын

Was thinking the same thing.

@timbrewer1930 5 жыл бұрын

Amen to that. I said same thing

@TheNortheastAl 5 жыл бұрын

And then the dealer makes one point or so off your loan boosting their profit even more. No need to wonder why they have big lots and nice buildings. You paid for it.

@josecalderon82 5 жыл бұрын

I agree when dealers say that oh what is $20 different. I see $1200 or $1440.

@ALCONMAA 5 жыл бұрын

Thank you 🙏 , I was looking at a GTI and the sales person was using that 4- square sales worksheet!!!!

@toddwaller8951 4 жыл бұрын

Dude, I really hope your boss is taking good care of you and that you are doing well at your dealership. I would gladly buy a truck from you. Just picked up a 2020 LTZ and love it, but sort of felt I knew more about the vehicle than the salesman. Keep up the great work on your channel. Appreciate all your videos.

@coolgeek08 5 жыл бұрын

I was in the market for a truck. After seeing those monthly prices I’ll probably get a used one

@dedalliance1 5 жыл бұрын

Just budget the same amount for repairs lol.

@troy2478 4 жыл бұрын

@@dedalliance1 I have bought both new and used vehicles in my life. I have never spent anywhere near as much on repairs as the difference in price. If you get something 3 to 4 years old it is on average half the price of a new vehicle. If it has 40k miles expect to buy tires in 10k miles and get a break job around the same time.

@dedalliance1 4 жыл бұрын

@@troy2478 it's confusing though saying a vehicle will lose half of its value in 4 years, because every person pays a different price on a new vehicle, and on a used one. For example, I bought my 2018 GMC for 41,150 with an msrp of 53k dollars, so it's already 20% off the msrp, so in 4 years is it going to lose another 50% or just another 30%? And when you go to sell it, if you sold it for 10% above average price, then did you really only lose 20% if you originally bought it for 20% off? and it's not really losing money, you're paying for the miles and wear and tear on the vehicle and the utility you got out of it. Because sure a used vehicle is cheaper, but it's also closer to death and will need replaced sooner. So it's a give and take, if you get a good deal whether used or new you'll turn out good.

@troy2478 4 жыл бұрын

@@dedalliance1 If one person pays $50k new and another pays $54k new is you get it in 4 year for between $25k and $27k I consider that half price even if it isn't exactly. My last vehicle I Bought was 4 year old, the original sticker was $32k it paid $13.5k that is a little less than half.

@dedalliance1 4 жыл бұрын

@@troy2478 Right but if the original buyer paid 20k instead of 32k msrp, and then sold it to you for 13.5k, you really only 'saved' 6.5k dollars versus just buying yourself a new vehicle. Is it worth saving that money to buy a vehicle you have no idea what was done to it or treated by the previous owner? It's a give and take.

@GoldGunsandGolf 5 жыл бұрын

New trucks have gotten ridiculous in price and taxes... Never buying new vehicle again....

@AcidDaBomb 5 жыл бұрын

Eh taxes are just based upon the price.

@GoldGunsandGolf 5 жыл бұрын

@@AcidDaBomb exactly !!

@cwhit42 5 жыл бұрын

Absolutely...never again..people need to think about gas and insurance also.. add another 200 to 300 even more to that payment...

@GoldGunsandGolf 5 жыл бұрын

@@cwhit42 Yeah, between the dealer bullshit FEES and LIES... you have the exorbitant car prices now... the market will eventually put them out of business. Worse people / entities in the world 1. Banks 2. Insurance companies 3. Car dealers.

@HondaElementRacer53 3 жыл бұрын

Great comments and better information. Keep it up. Hello from San Antonio Texas.

@mikelovell9661 5 жыл бұрын

So I watched this 2 times before I bought a new Silverado, It helped a lot in calculating what the payment would be and knowing it helps . All I had to count on was hidden fee's and getting a fair trad in offer. If I got low balled on trade in the numbers would have been all jacked up and I let them know that up front and I got a fair but not great trade in offer

@markryanplatypus 5 жыл бұрын

Got a 95 c1500, engine blows up I'll buy a crate engine and install it for around the down payment price 😂

@nael423 5 жыл бұрын

markryanplatypus 😂 👍🏽

@workingshlub8861 5 жыл бұрын

same here ...got 2 trucks and a van...500$ for a junkyard motor and a weekend in the garage and im back in business...no way im making payments like that.

@markryanplatypus 5 жыл бұрын

Yeah man, staying debt free is the way to be. Much less stress

@coniccinoc 5 жыл бұрын

@@markryanplatypus It took me MANY years to learn that valuable lesson. Debt free feels warm and safe.

@jameselswick7507 5 жыл бұрын

Yes I also agree. How about how he shows you the dealer Jack's up the price to give you a 2k discount for owning a different car! Lol hilarious!!

@JoeBruno 5 жыл бұрын

Kind of getting crazy on price imho

@ddean8033 3 жыл бұрын

Thank you, this has really helped. God bless you and your family.

@AJAdrianH 5 жыл бұрын

Good info and understanding how car dealership like to charge what you don't need. Good straight up information for customers to use in purchasing a vehicle

@justinchurch2366 5 жыл бұрын

I was looking to get a new truck end of year....not anymore lol

@strtngfrsh 5 жыл бұрын

In you illustration a 1% difference in the loan isn't just $20ish, it's $20ish x 60 = $1200ish or $20ish x 72 = $1440ish over the life of the loan. It should be a factor and changes more that a little bit given the full picture rather than the partial one presented which only benefits the company.

@pipiligrama 5 жыл бұрын

@@Travelingmanvegas it's $2k more of what your trade is worth, not that they'll give you 2 grand for your trade... lmao, what a fucking idiot

@pipiligrama 5 жыл бұрын

$20 today are worth less than $20 in 5 or 6 years, so yeah, no big difference if you're getting a $40k truck

@wadesuhr 5 жыл бұрын

He's talking about $20 on your monthly budget being a factor for buying a truck or not. Besides, he knows the majority of households don't even have a budget anyway.

@djs_projects_repairs 3 жыл бұрын

Always helpful my dude

@SHUB281 4 жыл бұрын

You lost me at "to be honest with you"

@Alamo_City_Tx 3 жыл бұрын

😂😂😂😂😂😂

@Cutiepie50021 5 жыл бұрын

Forget the speakers you should give away a car 😋🤪lol

@xjp1998 5 жыл бұрын

Great Advice wish more would watch this do to was very helpful.

@pjsmoov72 5 жыл бұрын

Very.

@seans.8999 4 жыл бұрын

I'm new to your channel and I just want to say thank for the information.....

@AllStarFilms 4 жыл бұрын

You make me feel confident going into a dealership 👍🏾

@markkramer4198 5 жыл бұрын

Great video! Thank you! Would you do a buy vs. lease video on that truck next? Would love to see that. Would also like to hear your opinion on leasing vs. buying. Thanks, Mark

@chrisplummer4106 5 жыл бұрын

Bought a new F150 in 1990 for $13,500. lasted almost 20 years. These prices are insane. Never be able to afford a new truck now.

@haroldrodriguez6390 4 жыл бұрын

great info man. Helpful

@charleswhitlock5238 3 жыл бұрын

Thankyou🤛🏾, something I needed to know. Appreciate it

@johnkolbjr8375 5 жыл бұрын

Cost of vehicles or monthly payments=TDM. (To Damn Much)

@JD-fx1np 5 жыл бұрын

Forget conquest or down payment assistance. I just want the Kramer painting thrown in.

@sluf1963 5 жыл бұрын

Dude , you are a rare bird , with that said , thanks for your honesty . Your dealership treated me very well , I feel as if everything you just shown was spot on , I now own a new style "19" RST Z-71 . I was very comfortable during my purchasing experience , and felt at ease looking at the figures as it was explained . Great video , keep up the great work .

@UltimateTexasHoldemGuru 5 жыл бұрын

So you paid $50k+ for a new truck?

@sluf1963 5 жыл бұрын

Nope , stickered out at $ 48,780 , priced down to $ 36,330 , Put some cash down , came out happier than l expected.

@armslength2618 5 жыл бұрын

You should show the total interest charged over the life of the loan.

@richardcastro7765 5 жыл бұрын

Something they dont want u to know lol

@johnduke136 5 жыл бұрын

That's why I buy 3yo used trucks. Low milage, and a WAY WAY WAY lower starting price.

@johnduke136 5 жыл бұрын

I'm not putting you down, I understand that new vehicles have to be sold in order for me to get my vehicle, but I only make 55k a year and that's why there's people that make more than me😁😁😁😁😁btw I have been in the business and I love the fact that you don't do the creepy underhanded things my bosses used to do. I hated doing that to customers. Probably why I couldn't hang.

@PiTbuLLz4me 5 жыл бұрын

If you look around there are a lot of good deals on low mileage used Silverados out there

@brandoncaldwell95 5 жыл бұрын

Only holds true for gasser trucks. Diesels, forget it. Just buy new as they are asking new price on 3-6 year old trucks.

@johnduke136 5 жыл бұрын

I personally have no use for one. I don't own a farm, ranch, I don't own a welding rig, and don't pull a gooseneck trailer. Basically if you own a diesel and its not doing something that makes its payment for you, you're freaking stupid for owning.

@brandoncaldwell95 5 жыл бұрын

@@johnduke136 I own them for the return value and the miles they can clock. Diesels hold value better then any gas engine truck after 10 years. 1 truck tows a 5th wheel for work purposes to which is why its switched out. The other is for when the other truck is gone away from the ranch for the other half of the year. Not that we tow that often as it is or that much but i could easily put both into hotshot if desired. The ranch truck is road legal. I keep it as its paid for and for the offroading/mud delt with. Also used by family when visiting or when a truck is required by someone. For a 1500, it sure tows a goosneck quite well i will say. I can honestly say after 5 years of ownership the 2018 will still retail for the high 50k mark where the 2017 will only fetch maybe 35k with the 250,000 or more miles . Just because it doesnt justify in your head doesnt mean everyone needs to contort to youre reality. I know someone that said that crap to my face too but called me much more than an idiot for owning so many large trucks. The catch is, they are backup plans. Noone ever has a backup plan for when times get tough. When times do, i have 2. 1 fails, he other keeps going.

@sigor2011 5 жыл бұрын

Financing car is crazy. Save up that 5 years of payment for 4 years and buy the car for cash. Patience people, patience!

@mottoisnotyolo 5 жыл бұрын

sigor2011 “winning with money ain’t a sprint it’s a marathon, it’s a crockpot mentality”

@JD-fx1np 5 жыл бұрын

Saving for 5 years tho. I mean ok if I'm saving for 5 yrs WHILE DRIVING a decent car I enjoy. You're saying to someone like me, well start saving for 5 years after your car is already 11 years old. No thanks. You're right but no thanks. I gotta save 600 a month for 60 months to get something I like. My problem in guess

@sigor2011 5 жыл бұрын

@@JD-fx1np you are so right. The good news is by driving a shit car you save yourself some times in payments as you earn interest instead of paying it and only need to do it once in your life as going forward, you can still save the money for a next new car, while driving a new car today. So ya, no paint, no gain.👍 We all have our priority in life right?

@TJsVette 5 жыл бұрын

By the time you save up for a new truck they will have doubled in price and you will be back at square one again lol

@sigor2011 5 жыл бұрын

@@TJsVette go buy a new one then today, hurry before they sell out and price doubles, make dealer happy.

@red4age 5 жыл бұрын

Love the Cosmo pic in the back lol freaken hilarious

@lovegames9644 4 жыл бұрын

In my opinion you give the best advice for car buying.✌🏽

@DESIGNS-vo1mt 5 жыл бұрын

Just keep your clunker, save up cash, then walk in the dealership knowing you're the boss!

@mrglock2313 5 жыл бұрын

I pay less per month for 40acres of land.... hmmmm wonder what will be worth more in 12 years?? A rusted out Chevy or 40ty acres of land...... 🤔🤔🤔🤔

@2cents186 5 жыл бұрын

What's your yearly property tax on that?

@francej9754 5 жыл бұрын

🙄🙄 we get it, no one's Care's

@dylanstrahan9180 5 жыл бұрын

Which one makes you more money though ? Work trucks pay for themselves

@mrglock2313 5 жыл бұрын

@@dylanstrahan9180 well let's see... ,,,, Since I wrote this post I recently sold the land and paid my house off. Best regards.

@mrglock2313 5 жыл бұрын

@@2cents186 sorry, I just saw this. It was $90.00 per year.

@Jordanstream23 5 жыл бұрын

Thanks for keeping it REAL!

@mavricxx 5 жыл бұрын

I went to KBB do do this out of curiosity and did the INSTANT CASH OFFER as you said but it didn't give me a number for my car. It takes me through this questionnaire so that a dealer can contact you. I don't like that, I just want to be informed for knowledge purposes. I did learned something valuable from your video though. I learned that the less months you finance, the more you put down, the more it's worth vs if you do more months financing. Very interesting, never knew that or put it into numbers anyway. Great video man, it really gives us a "realistic " idea what we can afford.

@andresg1748 4 жыл бұрын

But interest rate, you look at how much ur gonna end up paying once you’re finish. Not just “oh it’d just 20$ more this month” Na add it up towards the end, it’s a difference

@kevtheecurious 5 жыл бұрын

After the 84 month scenario, $684x84 = $57k on a vehicle that was purchased at $45k. Lol, that’s $11k that could be one hell of a vacation or put into retirement.

@silvafox07 5 жыл бұрын

Or some amazing upgrades for an older model.

@mariofelix7857 3 жыл бұрын

Yes but how do u know ur going to be alive when u retire

@ervinzefi8662 4 жыл бұрын

2019 Ram 1500 level 2 V6 Etorque crew cab 4wd . 47k MSRP . 9k in rebates with only Friends and Family . 36 months lease . 0 money down 298$ a month on a 3 year lease with 10k miles per year .

@Barkingmeows 4 жыл бұрын

Thanks for sharing this!

@BIGDAVE5352 5 жыл бұрын

You have to figure maintenance, fuel, insurance and depreciation in addition to that monthly payment.

@pipiligrama 5 жыл бұрын

@gertgrtgrtgrt lmao!! GTFOH!! what type of investment gives you returns of 500%?

@benharrison8975 5 жыл бұрын

Welcome to Kentucky where you truck payment is double your mortgage

@ckmckeon 5 жыл бұрын

Don’t forget the registration where once a year you pay your mortgage payment to the state to even drive the truck.

@jonathanrivas9681 3 жыл бұрын

Lmao it’s a shame

@David-um4dy 3 жыл бұрын

Bro I'll take that over California 😂

@coreyrobinson85 5 жыл бұрын

I'm diggin that Cosmo Kramer artwork lol

@cjonapj5615 3 жыл бұрын

I really wish Chevy had more cars i like or you would have a sale because I really like you bro you are one of the few salesman who are good guy

@bill3641 5 жыл бұрын

In 1967 my Dad bought a new Ford 3/4 ton pickup ( stripped) for $ 2600.00 ( 25% of his annual income ) So, today I'd have to earn about $170,000 to do a comparable deal ?

@altheastortz8038 4 жыл бұрын

Bill In 1974 I bought a 1/2 ton Chevrolet stripped model for $3250 and put 1000 down and paid it off in 18 months at $3.13 per hour with my job.

@sarahann530 4 жыл бұрын

Just buy your Dads 67 , I hear old trucks are awesome and never die .

@isaac198428 5 жыл бұрын

In other words, sell a kidney and a finger to buy a new Silverado. Maybe throw in an eyeball if you want to get the limited edition. 🤷🏻‍♂️

@hermanwooster8944 4 жыл бұрын

May as well throw in your second eyeball so you don't see the price you still have to pay after your kidney and finger isn't enough.

@amxdorrj 3 жыл бұрын

Herman Wooster 😂😂

@JS-yh2le 4 жыл бұрын

Mike great videos keep up the great work and noticed you have the Kramer painting love it where did you find it?

@randylawson980 4 жыл бұрын

Thank you. I appreciate the break down.

@mariewhite7893 5 жыл бұрын

Guess I will never own a new truck at those prices. My trucks nicknamed Rusty but Trusty. Lol

@richardfutch6185 5 жыл бұрын

This is why I've always bought used. Plus I just can't afford it plus a $800 mortgage and all the other bills. I also enjoy having a few extra bucks in my pocket vs trying to be a show off with a overpriced vehicle.

@davidbires2351 5 жыл бұрын

I like your honesty ... don't like sales people who think your stupid great video keep I'm up

@andrewkonopasek6609 5 жыл бұрын

I still have so many questions!!! I loved the vudeo

@gmrtg1414 5 жыл бұрын

I’m hearing the Trail Boss will be available with a 6.2 soon. Please say it’s so.

@mib20000 5 жыл бұрын

Thats NUTZ . My mortgage payment is $525 a month and that with taxes and insurance escrowed in. LOL

@davidallen3158 5 жыл бұрын

$844 a month out the door for me.

@american_chevy616 5 жыл бұрын

$525 a month!!!! What I pay would blow your mind. I'm from NJ highest taxed state in the country. I would kill for less than $1500

@danielf2018 5 жыл бұрын

What would the truck payment be if financed for 30 years?

@mib20000 5 жыл бұрын

@@danielf2018 good point , Mr head lol is that your real name

@benkuhns230 5 жыл бұрын

@@american_chevy616 move to Missouri, LOL you MIGHT regret it.

@brentvance3958 4 жыл бұрын

Thank you for your videos a dealership that I just bought a car from tried to add a crap load stuff at the end. I was in my car about to leave and they caved.