I just paid my car off,got the title today.i feel like I was released from federal prison.😂🎉🤠😎🍺🌭✈️

Don’t want a repo?, don’t buy used. Don’t want to get ripped off?, don’t buy new. Keep what ya got, don’t buy anything…

Not to mention that oil changes and other maintenance were likely skipped which makes it even more unwise to buy a repo.

I have had 2 car repossessed in my life. Both times I lost my job for a long period, both cars were ~250 month. I tuned both in with both keys and in clean condition. They both had regular oil changes and normal service done. After being behind for 90 days, the banks wanted them back with no delays, not even trying to help me keep it. Not everyone is a deadbeat, some times shit happens.

I used to work for an auto auction, and honestly the saddest repos were the ones that had kids toys with car seats in them, and the ones where clearly someone was in such a financial situation they were literally using the car to live in because their circumstances were that bad, where they only had the car left for shelter.

$4.5k for that repo Hyundai is insane. Interior looks like a bear got in.

This was inevitable. Who can afford car payments leveled at $700 to $1200 a month? The banks are just as responsible for this mess, just like they were during the '08 housing debacle. History repeats itself.

Buy used, pay cash. Never worry about a repo again.

Car prices increased 30% in the last 5 years - yet banks still gave loans on overvalued assets.

Some of those cars are bio hazards

People don't understand how interest rates will affect your payments. How easily a 30K car can put you at 700-800 a month in payments.

I worked as a floor plan auditor for over 20 years and walked away from my career in early 2019 just before the pandemic. I saw the writing on the wall back then with where these dealers and the industry were heading. Longer financing terms, more negative equity getting rolled over…and more dealers treading water using floor plans. I knew it was only going to get worse and could never have imagined what we’re seeing now! The ridiculous escalation in prices, since I left the industry, has only compounded all the problems. I’m here to tell you that the automotive industry is in deep doo doo right now and there’s going to be some serious fallout over the next few years. Forget about EV’s…this is a complete industry about to implode. Guess what shoe always falls after the automotive market? I’ll give you a hint….you live in it….and likely have a mortgage. Well, I’m here to say, you better not let the repo man take your car…cuz you might end up living in it real soon!

My boss had a brilliant way to get his "repos" back before they became repos AND it got him many more sales. He told customers if they couldn't pay to bring the car back and he would not hold it against them when they finally got money for another ride! This was pure genius because we rarely had to repo and he sold cars to multiple generations of the same extended families. Tom Henry (RIP) taught me much so I'm passing this on. He also never "financed" purchases which is a ton of paperwork. Vehicles were sold for a flat price with no bonus for early payoff (though he would cut folks a break if they were reasonable people) so he technically was taking payments but NOT extending credit.

Really?!?! A Dodge Dart with 221,000 miles...(call Ripleys😊) and possible head gasket still$1,100.00 P.T. Barnum would be proud.

3:11 these repos look like section 8 renters. Destroy the house or apartment before being evicted. Basically call these section 8 repos.

Even if I knew a vehicle of mine was going to be repossessed I wouldn't treat it like that. These people weren't raised well. Which is probably why they buy things they can't afford in the first place.

Bloody hell! That blue Sonata looked pretty good on the outside but the inside was shocking and they paid over $4k as is for it? 🤦‍♂️🤦‍♂️🤦‍♂️

If payments aren't enough, fuel is going up and insurance is almost doubled from same time last year. If you can even afford a beater with a heater, your doing better than half of America.

Even if my car was going to be repossessed I couldn't treat it like you have shown Brendan

I'm near Detroit and I have a repo lot at the end of my street. They have tow trucks lined up to drop off cars at 3 am.

Many years ago I knew a woman who needed a car. We went to the used car lots to look. In the back of the lot was a yellow Ford LTD in nice shape. They were slated to go to auction. I asked how much it was, he said $1200. I told him it was for her, he sold it to her for $250 cash. When we got the title, it had already been sold and repo’d three times he said. He already made his money on it. 😇 She was very happy with it.

No way. The prices are to high for the junk !!

Seeing less of the charger and challenger Repo and more of the "normal" car repo. Bad sign for the economy for sure.

When sold to the public around 1913, the Federal Reserve was "going to stabilize the economy". Since then we have had around 60 recessions and two Great Depressions.

That Sonata from the first half of the video... hopefully they were able to decontaminate that guy who had to drive it down the auction lane. Dude needs a biohazard suit 😆

Times are hard,economy sucks, inflation is high,rent/food/gas/insurance,etc. are up. People can’t afford to live !

Wow people spend so much time inside their cars, buying one of those repossessed cars is like buying somebody else's dirty laundry.

Same as the housing industry on 2008 2009 2010. There needs to be tougher penalties for not paying.. also this was a case of the industry shooting itself in the foot. 2020 2022 car prices were driven to a stupid high by the dealers. You reap what you sow.

Owned all of my vehicles for five years. I do want a new truck but I’m waiting for maximum pain then I’m gonna pounce.

I recently bought an absolutely spectacular repo. A 2019 Honda Pilot EX-L (leather). Love it love it love it. Exceptionally clean. New car smell.

I've also seen Mortgages defaults going up by a huge margin...

Those cars are trashed and the bids are crazy high on those turds.

Our local Repo Depot went from getting the "toys(Chargers/Challengers) to Audi, Lexus, work trucks, and "Normal " daily drivers. This is gonna be bad! Credit for using the ratchet strap for keeping the trunk closed!💪👍👍

I'm glad they never perfected "smell-o-vision" videos, some of those repo's stink to high heaven.

Paid my four-year car loan off six months early with my stimulus check in 2021 while friends/family used their stimulus checks to buy more shiny baubles/things they want, but don't need. They are still in debt while I have been out of all debt (home and car paid off and no credit card debt) since May 2021. It feels like a load off my back no longer having any debt.

Pay attention to what is not there. Some model simply never appear. Why? They are the quality vehicles you want. Forget anything you see here. Simply reject it.

I would’ve named the bugs 🪳 Curly, Larry, Moe, and Shemp 😎!

I’m sure that means banks are losing their butts off also with this.

I have absolutely no sympathy for these dealers. They've been rolling in dough and ripping consumers for the last few years. Now they can't move cars..... Too bad Sleep in that bed you've made

Repos should be known to the buyer. I would NEVER knowingly buy a repo vehicle. Guaranteed they never changed the oil or did vital routine maintenance on them. 😊 Thanks for the auctions I really appreciate the market updates 😊

Sweet. Cant wait to buy some of these for super cheap when the dealers can't unload them.

Hello. That is what is going to happen repos are being repossessed because payments are too much and some people just do not want to make the payments anymore.😊👍

so glad I don't have an Auto loan right now. I don't have a car anymore unfortunately, I totaled my car in January. I am a bit board and disappointed at myself but, I took the money from the net payout. The money insurance paid me after they paid off my bank and, Invested the difference. Much more wise Financial decision!! Paying Myself Interest instead of the banks 🙌

I work for a Dallas repo company. I locate the cars. Sometimes the drivers return to the cars before the tow truck gets there. Every driver I've had to follow drove like a crazy person.

That nasty Hyundai was cleaner than the Nissan Rogue with 70,000 miles on it Hertz tried to rent me last time.

Thanks to this video I finally understand. Many years ago due to various circumstances I went bankrupt. I had to hand my car back in. When I knew it was happening, I called them and let them know that there was no way.I could do the payments anymore. What would they like me to do? They said they'd have someone come and pick it up. Is when they got there it was spotless. I'd cleaned it inside and out. There were no marks on it at all. The repo guy was supernice and friendly and kind. He said thanks a few times. I couldn't figure out why he was so nice. Thanks to videos like this I now understand.

Not all repo's are trash. I have bought several from the banks over the years. They're just like any other used car, you have to check them over before you buy them.

I have a 2004 Jeep Grand Cherokee with 274k miles that's been paid off since 2007 and a 2013 Chrysler 200 with 147k miles that was paid off in 2018. Bought myself a GMC pickup truck in 2020 when the interest rate was very low and that payment felt like a smack in the face since I already had 2 fully paid off perfectly running vehicles. After 10 months, I sold it back to the dealership. Can't imagine payments on vehicles now. 😅 no thanks!

You know I often see new cars coming out and want to buy one like the new Charger with the 6-pack, but also I like the fact I outright own my 2 cars and don't have to worry about payments and such.

I have an 06 Volvo XC 90 and just got an 05 Buick Lacrosse (I got for $200 from a resident's sister in law) and have a few minor things to fix, but I keep up on the usual maintenance on them (insurance is a REAL pain) but have no car payments. I don't know how people do it.

The back seat of that car was not a crime scene, it was explosive diarrhea from someone. 😅🤣😂

Those that know they cannot make payments and destroy the car in the process should be liable

If the trunk is glowing, you don't want it.

Never hear about it on the news!

We all saw this coming one-two years ago. suprised we arent seeing more pickups as repos here. they are astronomical new.We all saw this coming one or two years ago. I'm surprised we aren't seeing more pickups as repos here. They are astronomically expensive when new.

My local auction has one public sale which are repos to four dealer sales a month. And dealers outbid the poor working man trying to buy a work vehicle. This auction even stopped putting any MSRP on any of the vehicles.

Bad economy for sure ! PAWN shops are really busy !

NGL...I saw this coming a year ago...but it's always nice to see great content that justifies my previous thinking... The blooper reel is absolutely gold...it shows that after a nicely polished vid...there WAS some polishing done.👍👍

There is an economical crisis in USA which hurt people much more than you think ! Homeowners are evicted from their home because of high inflation and cannot pay their monthly payments.Many have bought house,cars which they have bought which is too expensive for them.

I think one difference between 2010 and now is the crises had already happened then. We haven't even had the crises yet this time.

Wow, this is scary stuff! I never realized how many repossessions are happening right now. Makes me worried about my own car payment. The part about people not knowing if they're buying a repo is especially eye-opening. Is there any advice for how to avoid buying a repo car? 🤔

CKQ people have to have that ride! Keep up with the Jones's. People like me, ya gotta learn to live with the old car. Keep fixing it, especially if it's paid for and runs and shifts good.

This is the result of the market leading that 'back to normal' charge immediately after the initial flux of infections, as if anything can actually go back to the way things were before 2020. Things have changed a lot and it doesn't appear to be getting better any time soon.

i paid of my car on early 2020 and dont regret keeping it 9yrs strong and no more bill for now

Great Recession de ja vuuuuuuu. Origins? Sub Prime Rates. That stench is banking gone sideways.

The White Honda was butt kissed Brandon , LOL

repo titles are often branded, also on carfax, hyundai looked like it had flood mud

Im lucky to own three older vehicles, the newest one a 2007 model. I have NO plans to sell!

If a bum is not making payments, why would he bother to, say, change the oil? I would assume all repos have had really bad maintenance. No thanks.

I wouldn’t even pay more than 300 bucks for that white Honda

Sir you are so right, thank you for all the help and information. God bless you and your family and company.😊

Jeep/Chrysler is crashing .. prices have flipped 180 since last year here in atlanta area. those Repos are "Nasty"

Most i ever paid for a vehicle was $25k for my 2012 Powerwagon six years ago and i thought i was crazy.

Last bug is "Sven". 🥰

Sadly my car was stolen and trashed. Had to sign over the title and give the tow company over 300.00 to pay the bill. Now no vehicle and can't afford one

Some of the damage is malicious. Some people get mad at the folks that sold the car to mentally avoid taking responsibility for their own poor decisions. I do not take out loans. I think I only had one loan ever and it was for school. After that I pay cash for everything from houses to cars. Just save up till you have the money. I never had a new car until I was 46. I also rented until I was 46. Save early to have an easy life when your body gives out. I missed out on lotttts of fun when young and I am kind of grumpy about that BUT in my 50's I know I made the right choice.

Some people are animals. Did that owner of the Sonata chew the door padding?

Every time I watch your channel I'm reminded why I do not borrow money to acquire a vehicle. Buy the best vehicle you can afford to pay for in cash, including average yearly service costs for the time you expect to own it. Let's say that I want an Audi A4. They had oil consumption problems after 2008, so I buy a low mileage 2008 in 2018. My previous car was a 2000 Audi A4 that I owned since new, so I knew exactly what the yearly maintenance costs would be for an average Audi A4. I bought the 2008 because I had the price in cash, and my yearly maintenence cost since 2008 has been around $2,000-2,500, same as the old car after the warranty expired. Note that in Michigan we have terrible roads, so $500 of that is yearly suspension repairs. If you buy an average, used German car for $10,000 and hope to own it for five years, your actual price will be $20,000 or $22,500 in Michigan. I budgeted $8000 (initial price) plus five years times $2,500 = $22,500 as the amount of cash I needed to own the car until now with proper maintenance and without running into financial problems. You have to be a grown up and use the correct math. If you finance a vehicle, the actual cost is down payment + (payment amount * number of payments) + (typical maintenance per year * number of years). If you can't afford that, you can't afford the car.

0:30 I always love when Brandon says this because my car had 15 miles on it when I got it--and 10 of those were delivering it to me at home. 😃

Great video. Thanks for posting this. Have a nice day.

It’s the greed of manufacturers and dealers and the compliance of loan companies… when everything costs more than it’s worth and repairs insurance ect all cost more on top of the too high costs … you get this mess. I don’t understand why banks don’t go ahead and refinance the loan to try and salvage the bulk of the loan and help the car owner … or just wait forever to repo

This is what happens when people buy what they can't really afford.They don't look ahead and become a slave to those payments, that is, until they can't or refuse to make them anymore.... Live within your means!!

I used to be really bad with money. I filed a consumer proposal and the bank that issued my car loan was actually nice enough to completely write off what I owed on the vehicle due to the fact that I had filed a proposal and turned the keys in with a good condition car voluntarily. Sometimes if you cooperate you get lucky.

Saw a dealer write up. Trade in 46 value, 300 down and for 49,000. 8.8% interest 7 Years, finance charges were like 28,000+. Total cost came to just over 100,000. That is why. Monthly was like 12, 1300. The cost doesn't come close to the common sense factor and the financing guys just go with it. I am just hitting used car lots and take chances with their half arsed fixed up auction cars for a fraction of a new or almost new car. Put the ego to rest. Buy a dependable beater and wait until prices drop and rates settle down a tad.

These people run these cars into the ground and don't care because the game plan is to let them get repossessed.

My Escalade was a repo, it showed on the CarFax. I bought it anyway because it was in such good shape. Someone did love it before me, dealer added chrome mesh grill, Billy Boat exhaust, sounds nice. Non-chipped buttons on climate control and nav unit, seats and interior panels perfect. I did buy it with 60k miles though, so it's not like it was a 180k mile repo.

The worst part about buying a repo that looks like that inside; you can only imagine the lack of oil changes and basic maintenance for however long that person who was being repo'd drove the vehicle. Which will likely lead to a massive headache for the next potential new owner later on down the road.

2013 Dodge dart repo? Who gets a loan on any 11 year old car, let alone a Dart?

its repo season ? shoot I still have my Christmas lights up

thanks for all you do...your channel is righteous....Godbless

Great video as always, sir! I DO like the blooper reel; it humanizes you and shows us that even an experienced KZfaqr has his not-so-great moments. It would be fun to go to an auction with you. You could sell tickets.

Looks like a scrapyard

I live between 2 tow companies here in vista ca. they run 24/7. and are packed!

That Range Rover is still there. Check out that dark grey Range Rover, facing the street. Awesome videos.

But Uncle Joe says we All Good !

Market adjustments should be called additional Negative Equity.

So carfax or car history would not know ??? That SUCKS I am trying to buy a good used car. Well the number of good used vehicles in private hands is just none existent. When you find one it has been buttered up to hide major problems. I cannot spend my hard earned money on JUNK. This has never happened to me in in the last forty years. The market of car is just "UP SIDE DOWN !" INTERESTING and down to earth video Sir. Thanks for the heads up too.

I'm a repo agent,not enough hours in the day days in the week! And it's my slow season buildbackbetter

I can't believe how gross some of those cars are. Repo or not, that's some trashy living.

Great Editing!