rev up your engines today I'm gonna talk
about the five biggest money pit cars out there now by definition a money pit
car it's a car that you throw your money in the pit just keeps throwing more
in it the car is worth less money over time so it's how much money they cost
how fast they're valued appreciates how often they break down and cost money to
repair and basically how reliable they are you take all those together here's
the top five money pits in the United States that you can still buy or if
you're rich enough you don't care how much money you spend but then again
most rich people got rich not by spending money but by making it and saving it so
that kind of goes against the whole idea get rich in the first place and in that
respect I'm not talking about any exotic cars at all Lamborghini Ferrari I'm not
talking about any of that stuff because there are money pits now number five on
the list is the audi a4 Quattro an Audi a4 depreciates quickly over the first four
years of ownership most of them will depreciate well over 50% I had a
customer buy one once and he got tired of the car he sold it back to the
dealership when it was little over a year old and guess what
he didn't even get 50% of his original price after one year of ownership when
he sold the back of the dealer especially in the United States
audis are money pits one they're relatively expensive cars he'd
appreciate quickly they're extremely expensive to maintain and they do break
down I think customers those things blew head gaskets automatic transmissions
went out air conditioning system stopped blowing cold and cost a fortune to fix
and perhaps the worst thing to do with one of those it's about one use I've had
a handful of customers buy those things used with 100 something thousand miles
in it and they already were money pits they don't have to wait for them to
become with that mileage there were money pits already even though they got
them cheap they found out that it may have been cheap to buy but they aren't
cheap to keep bad generally the whole range of audis are like that they
cost money money they're very expensive to maintain they have very
resale value I'd say stay away from them really if you value your money but as
I've always suggested with these money pit cars if you absolutely have to get
one get it out of your system lease one then you know exactly how much money
you're spending you won't have to put any money in repairs and when you're
done you give it back to them because you'll lose a lot less money leasing a
new one then you would buying one and then sell it when it's three or four
years old believe me I've seen both sides of it if you really have to get
one just lease it and then you're done with it when the lease is up now number
four on a list of the top five money pits is the Jaguar XJ know historically
Jaguars have always been money pit machines people are always joked about
hey if you buy a Jaguar you gotta know their kind of drive every day cuz the
Jaguars gonna be at the dealer all the time getting fixed from it breaking down
and strangely enough it's still true even though the Chinese now own half of
Jaguar and it's called Jaguar Land Rover they merged the companies originally
tata I bought the companies and then half of it got bought by the Chinese and
they're making stuff in China but here's the probably most hilarious thing that
I've discovered lately they started to get better sales wasn't a make in China
but then last year their sales plummeted over 27% in China and they had to cut
4700 jobs on a production plants in China making them and this is blamed on
the poor quality of manufacturing bunch of owners have been protesting in China
at their factory over the poor quality of the ones that they bought over there
so strangely enough the English company Jaguar known for poor quality for
decades they get bought by a Chinese company and even in China they're having
quality problems well the ones that they build over there and to my mind is kind
of hilarious because when I was young hey the jaguars were classy looking cars yeah
they were money pits they fell apart even in the 60s but they had a very
distinctive look but today hey all these cars pretty much look the same so it's
not like they stand out like they used to and what having low quality control even in
China stay away from Jaguars if you value your
money, number three is the BMW X series particularly I'm talking about the x3 as
with most German cars especially BMW and they're extremely over-engineer they're
very expensive but they break down a lot and when they do break down a lot the
parts cost a small fortune and again like all these other top five ones their
resale value was horrendous so yeah you can get a used one cheap but by
customers that did that but regretted that decision if they capped it for more
than two or three years and I started throwing a fortune into the thing fixed
in its high-tech the parts cost a fortune you need special equipment to work on
them and only certain mechanics will even delve into heavy duty work on them
because it requires so much complex electronics that they have to buy and
learn and so many special tools that most guys will say I'm not messing on
that thing I can make good money working on normal cars and not drive myself nuts
trying to figure out what these crazy Germans have built and how it broke down
you get a Lexus SUV I think probably the last ten times as long and you'll spend
like maybe one twentieth the amount of money repairing the thing if you keep it
for two three hundred thousand miles there's absolutely no reason a sane
person would buy one of those things and as I said resale value the first five
years of ownership these things often depreciate 70% or more in value it's
like a game of hot potato nobody wants to be stuck with the BMW hot potato when
it's four or five six years old starts falling apart and with bmws
especially the overuse of cheap plastic parts is insane specially here in Texas
where it's hot I get then when their 5,6,7 8 years old all the plastic
parts start breaking you think oh wow that is no big deal yeah when you find
out that a hose for the cooling system that should have been made out of metal
was made out of plastic then it cracked and leaked and you got to take the top
of the engine off in order to replace it you're gonna be wondering why don't I
make it out of metal in the first place well they didn't because it's cheaper to
make them with plaster and BMW does use cheap plastic it does crack and break
and get brittle much faster than most of the other cars do so if you're thinking
about buying one of these ultimate driving machines ultimately think of
something else to buy if you value your money yeah I know some
people gonna say hey scotty your hypocrite you work on these cars touch people
money for them and then you say how bad they are well I'm honest to them too I tell
them they're terrible cars now I've lost a
few customers that way but I really don't care
I like being honest I'm not one of these guys that only works on BMWs and tells
their customers with great cars they are and say get five six seven eight
thousand dollar repair bills they get to put in their pocket making a profit I'm
telling people the truth in the first place don't buy what else things if you
value your money number two on the list is the Mercedes s600 realize these things
are they almost ultimate in money pits now realize that these cars started over
a hundred thousand dollars and go a lot higher than that their resale value
plummets like a stone probably the worst percentage resale value of any normal
car you could buy I had a customer buying used at 600 the list price was
over one hundred and twenty thousand dollars they bought the car with 70,000
miles on it and they paid 12 grand for the car so that tells me that the car
lost like more than ninety percent of its value they are just endless money
pizzas they age in terms of both the resale value how much money it costs to
fix them and how often they break down being a big giant 600 yeah their gas
hogs but that isn't the biggest deal lots of gas off cars out there it's that
you can't pay 120 grand for a car you know when it's got 70 80 thousand miles
it goes for like twelve thousand dollars that tells who they have problems and
yeah they're the German luxury car yada yada yada I mean if you don't mind
spending a whole bunch of your money and then it's a true money pit because the
money you put in the pits already gone and then you got to keep fixing that
yeah you want a luxury money pits a fine luxury money pit if you like money pits
and again whatever you do do not buy a used one with high mileage on it oh I
met a handful accustoming do that and they're all like Oh Scotty why does it
cost so much to fix I said I warned you about that you bought it anyways now
you're in a pickle I tell them just eat it you know I mean if you paid 12 grand
per car get rid of it for whatever you can rather than put
eight-ten grand in every so often over the years sometimes even bigger things
happen don't keep throwing money into the pit and now the moment you've all
been waiting for the top money pit car that you can buy in the United States
these days a mid-engined Porsche or I should say Porsche in this case it's
a cayman s and I picked it as a top money pit for a lot of reasons not the
least of which is their insanely low resale value now this customer mine at
least he was smart he bought it when it had 30,000 miles on it and he paid less
than 40% of the original sticker price so he saved 60% right off the bat not a
small sum when you consider what these things cost now this project you want is
the true sports car it's got a six-speed manual transmission they handle quite
well they are fun to drive but they are endless money pits take the suspension
system we go inside here it's all adjustable you can make it go sport
go different ways well guess what it's all computer run this one are all worn
out they clunk like mad if i wants to replace all four of them the front
struts and the back struts with factory equipment pirates and labor it would be
well over $5,000 yeah five grand to change the shock absorbers and since the
submit engine design great for handling the engines in here under their
hellacious repairs a lot of stuff you got to drop the engine to work out in
the car the guys who work out all the time they love it thinking all the
equipment to drop them and they're gonna charge you a small fortune to do it
every time some stupid little thing like the water pump or something that goes
out on it if you got to drop the engine take the exhaust system on you're gonna
be paying through the nose and believe me you're not gonna try this stuff in
your backyard parked on explorers cost a fortune they break down like mad as they
age now especially do not buy one of these things that has an automatic
transmission they're garbage they just barely get out of their own way compared
to the standard transmissions and when they break fixing it is a lot more than
the car itself is worth how the customers gonna buy one of these older use
I thought okay well I'll take it to a Porsche action before I buy the guy
looked at it and said hey if you really want this thing to run good if you want
to spend about $40,000 on the car mind you this was a car that he could buy for
about six seven counts of dollars certain have a car that's worth six
seven thousand dollars he put forty grand into it so if you absolutely
positively have to have a Porsche like I said before least one you know exactly
how much money you're throwing away when it's done you give it back to them you don't
hav to pay for repairs and yeah it's
gonna be a reasonable amount of money but you would spend a lot more money if
you actually bought one had to maintain it and then sold it when you were done
for practically nothing compared to what you paid for it so if you've got a
choice between buying a Porsche Cayman and a house on the Cayman Islands I've
got the house every time so now you know my five top picks of the biggest money
pit cars you can buy in the United States and why you should run not walk
away from these cars before your mind loses it and you buy one, so if you never
want to miss another one of my new car repair videos, remember to ring that Bell