Hey salomondrin, as a long time follower, I gotta tell you, that I love those types of videos. Keep them coming!

As a car guy, I have some project cars and I'm 21 but I wont buy a new car until I buy and fully pay off my house

You look with the mustage like super mario 🙂

Now is a bad time to buy anything. Interest rates just too high. I paid 0% interest on a Jag in 2020. Now the absolute lowest rate with a credit union and 850 credit score is about 6%-7%. Fed is trying to control inflation which is always a futile effort. The pendulum swings every few years. It can’t be stopped.

Always appreciate your insights man

In Texas every dealer is flooded. They are offering crazy deals too

Not to mention if the current dealers become service only centers. They gotta make their money somewhere! Out of warranty labor rate will shoot up to $350/hr, for your Chevy? Nah, No body will want that 😂

the angle youre filming at in the Cybertruck looks awesome

You look like Mario

Dude so happy LTACY is back

I'm so lucky ...I don't have to work till I die and my kids of their kids will still be left ..😅

Is it time to buy a new car? Well, it depends. Did Belen get her Ferrari Purosangue?

In Germany same thing happening. However I bought a Toyota GR Yaris and hope it will keep its value and not loose too much. Electric cars have been loosing so much in value it's crazy too. Used car market is going down, private sellers are more hesitant than dealers to drop prices.

We didn’t get “free money” during the pandemic. We got our own tax dollars returned to us instead of that money going to fix potholes or whatever else it is normally used for. So we could have it to spend which would not only help us get the things we needed but also support stores and restaurants and stimulate the economy. That’s why they’re called stimulus checks. It’s not free money. It’s OUR money. We just don’t usually get to spend it ourselves or choose what it goes toward.

I’m going to wait to buy my next car. I’m not cash buyer and the interest rates are just too damn high. Even when I was a very young adult with my first car loan, my interest rate back then wasn’t as high as the minimums today.

Hit it Sergio! 🎶

In Poland, car prices are just skyrocketed together with bank interest rates😂

Many trucks arriving here the cars are already sold. The EVs not so much here on the Gulf Coast.

I'm in a similar situation, where I don't need a new car, don't want one, and I really, really like my B9 Audi A5 that I bought early on in the pandemic (spring 2021), just when trade in values were shooting up and the used car market wasn't on fire (I am still kicking myself for not jumping on the Macan GTS that I thought was too much at the time, but nonetheless happy with my Audi). I was 25, I managed to turn a considerable profit on my humdrum non-m/msport 2015 BMW 435i xDrive 2 door coupe, but got a really good low interest rate (1.9%) on a CPO A5 sportback with low miles and plenty of good options. A few months after I bought the A5, I moved to a big city with a good transport system, good for the US that is, and now I barely use my Audi it's still super low miles and I didn't go for an S5 or an RS5 because as fun as they were, and as much as I want one, the math wasn't mathing and interest rates for good credit buyers was already back above 3%. I'm about 2 years from my last payment if I don't pay it off early, and I owe roughly $1,000 more than what it's worth, but if I go for either a new or nearly new car, a hybrid, or an EV next I'll get a tax credit that'll take care of that $1,000 imbalance. And I did all that without even getting a stimmie check or a PPE loan, I got lucky and had good timing, and understood the cost of interest, and fundamentally, my worst case scenario from the start was getting told I wasn't approved for the Porsche or Audi, and then "having" to keep driving my nearly new BMW that I didn't want to sell.

Salomondrin Great Video I definitely agree that Car Market is crazy and people should be careful with Car buying

Hold on to your rare specs folks.

Salo, what happened with the podcast? it was really nice!

whats the interest rate for car loan right now?

I’m dining in this summer! It’s a great time to buy outside of interest rates. I’m cashing out!

Does this only apply to the new car market for these dealers being screwed or does this also apply to the used car market as well?

I’m digging the dirty sanchez

I have a 21 Yukon that I bought for 66k at MSRP in June 2020. Same truck same features is 78k msrp. I’ll wait for it to continue to crash

What do you think about the used car market? Especially with Sports and Supercars?

I work at Mercedes Benz in Miami Florida and we have basically no inventory 😅

🎉🎉🎉

You remind me of Lalo Salamanca

I bought a GR86 last summer, and I put 50% down on it and the dealership I purchased it from, did not like it at all for whatever reason. They did not charge me over MSRP, so my loan amount wasn't that high for me being a college student. The GR86 market was absolutely crazy a year ago and still is today. The GR86 is a $32,000-ish car and they were selling for nearly $40,000 with miles on it. They still are selling at MSRP or even higher in some cases with miles on them. I feel like dealerships aren't going to stock cars anymore for the next few years, but who knows what will happen in the future. I believe that the automotive boom where everyone got new cars was because during covid, most Americans couldn't spend their money like they usually could, so they held onto their money which they later spent on new cars. I think things will get back to normal in the next few years, but I think what Rivian / Tesla have with directly selling to consumers and eliminating the middle man is a very good solution. But my question is how would that work for cars from foreign manufactures that would use this selling strategy? Brands like Porsche already have most every car that they got spoken for, but what about brands like Toyota and Subaru that make their cars in another country and get shipped here? How would they directly sell to the consumer? What makes sense to me is have a few big "distribution center"-like facilities that would distribute them out that is owned and operated by Toyota and not a middle man like a dealership is.

@Alejandro what you think about Chevrolet Silverado ev RST … 440 miles range

Yeah I work at dodge jeep ram Chrysler and we have sooooooo much inventory is insane

I have been watching the Lexus LC500 for about a year. The cheapest LC 10-12 months ago you could find was mid 70s now you can get one for mid 50s I m waiting a little more because of the rates. When I get get a better rate I ll do it Me and my wife also just bought out a lease we had on a 2021 GLE53. The newer model was 20k more FOR THE SAME EXACT SPEC we had. So we said f no. Bought the car and in a few years when Mercedes and all manufactures take their a** whipping and lower prices again we may lease a car for the business again

We are back to a regular car market. thing is, they are inflating the dollar to the point the buying power of the dollar has lost 25% of the its buying power in the last 3 years.

YOU AND VEHICLE VIRGINS ARE BEEFING?!?!😵 Just jokes, I thought at least someone had to be a fool and say it🤣🤣🤣

Heeeeeey🎉

It’s a good time to buy an EV if you’re wanting one. Chevy bolts are $10k-$15k used right now for solid ones which is crazy. Teslas I’ve seen as low as $16k!!! You can get a solid model 3 for under $24k and that’s before the tax credit.

12:55 Why aren't you telling the ignorant masses (if you knew it) that the so-called "bailouts" are actually loans with interest? The government actually made some millions on the infamous "bailouts" of 2008 - which were wholly returned, with the interest.

The dealer model is not going away Alejandro. The manufacturer is in business to design, produce, and sell the cars to their independently owned dealers. They set them up with a line of credit and keep shipping them cars which the dealers must take whether they want them or not and they get paid immediately whether that’s the hottest vehicle on the market or the biggest turd ever. The manufacturer is also excluded from having to deal random things from trade ins, fraud that dealerships experience, registering cars and dealing with DMV issues, staffing, servicing, storing parts, etc, etc. Long story short is there is a reason why they do it this way and why this is the way, like it or not, it will continue to be done and why many states do have laws against Tesla and the few other companies that try to by pass this setup.

I hope dealers don't disappear, and hope Chinese never come here

Sell to the consumer through a dealer with a commission fee.

What is that dirt on your lip?

hi mario

China charges close to double the price for imported cars, the Western markets should do the same for Chinese cars.

Where’s Luigi?

Ayyooo we got Mario !

Stalantis is giving huge rebates on 2023 Jeep products. I just got $20k off a Jeep Gladiator. If anyone is severely upside down in their vehicle here’s your way out!

🇻🇪🇻🇪🇻🇪🇻🇪🇻🇪💯💯💯💯💯💯💯💯

Get another Rolls, my friend.

Lol

First view

Went from being one of the best car focused non-review based youtuber to now just clickbaiting Hope you find your rhythm man!

Uk car prices have fallen slightly on ice cars, evs have plummeted. House prices are not falling unfortunately as I’m in the market as a cash buyer

You lost it bruv, paying more for less is better?

GM USA has its own financing arm and they are offering rates under 5% so you are wrong about that, the high rates dont apply to them much. You can get 1.9% on the Blazer, do some research on the site before making videos.

Ninsense

We are paying for that “free money “ with inflation. Give rose the deficit for that money. Money we didn’t have. Trump also passed a bunch of tax breaks, guess what those expire. It will be Time to pay those back as well. Taxes will go up.

Quit buying electric i have a 07 mazda 97000 miles 40 bucks 87 gas ...

Didn't even touch on state franchise laws, which is the elephant in the room. Peanuts compared to the problems you touch on. Until you change the state franchise laws, everything you said is meaningless. Consolidation will continue to happen to larger group, but DTC isn't going to happen

Get rid of car manufacturering sindicates. Cut taxes on american manufacturing and don't get rid of dealers. Don't allow Chinese crap get into the us and we'll be fine

Sorry, not impressed with your analysis. Using your Tesla and Mach E as examples is foolish. Electric vehicle now depreciate way worse than ICE cars as general rule. Can't even compare.

you were not offered 300k for the G....come on bro

No