rev up your engines, today I'm gonna talk about the biggest mistakes that people
make when they buy a car, now I've been working on cars for 51 years and over
those years I've see my customers make all kinds of mistakes from buying a car so
listen to me and don't make the same mistake, when paying for your car don't
finance it if at all possible, pay cash because most financing either at the
dealer or a used-car lot, it's a complete ripoff, if you have to
borrow money, borrow it from somewhere besides the dealer or a used-car lot
where you're buying it from, credit union whatever try to get the money somewhere
else, because you might not realize it but if you go to a car dealer and buy a
new car, they don't own the car, that car is
financed and they are financing it through some bank, at the end of every
month just like you, they have to pay the note on every car that's on their lot
they don't own them the bank does, so let's just
say that borrowing money from someone who's borrowed money to buy something,
isn't such a smart idea, they gotta make a profit so you know you're gonna pay a
higher interest rate, and don't be fooled by those 0% financing or low financing
rate that they're gonna claim to give you, because even if they give you a 0%
interest or a really low interest rate they just raise the price of the car, you
know the list price of cars are joke anyways and
nobody pays them except fools, and so they'll say, well you got to pay the list
price to get this low interest rate, so you're not saving anything you're
actually paying more in a long run, just like when I was young they say, oh look
you buy a new car you get a brand new color TV set, you weren't getting a TV
set free, they just amortize the price of that TV into your monthly payment your
still paying for the thing, their not giving you
anything and my next bit of advice is this, be like me I've never bought a new
car in my life, if you're buying another car hey buy a good used cars, just think when
you buy a brand-new car say it's $35,000
you're gonna lose at least a thousand the minute you
drive it off the lot, over the years I've had a few customers not all that
many, that were crazy enough to buy a new car and then they decided
after about a year, oh they didn't really like that car, so they traded it
in and in most cases they got a little bit over half of what they paid for the
car, buy good used car there's plenty of them out there, but if not and you're buying
a new car make sure it's the car that you want
to buy, go to a bunch of dealers and road test all the different models, see what
you really like and take this into consideration, if you live in an area it
doesn't snow much has good roads, you're pretty much throwing your money away if
you're buying an all-wheel drive or four-wheel drive vehicle, so my advice is
don't if you don't really need it, it costs more to build, all-wheel drive
vehicles cost a lot more, they weigh more they have more friction, they get worse
gas mileage, then because of all-wheel design they're often much more expensive
to repair when work has to be done on a car cuz all that stuff is in the way and
has to be moved out to fix various things even like a starter, and decide what
type of engine you want, if you just like cruising around a four-cylinder engine
is perfectly fine these days, you're gonna get better gas mileage, they hold up
quite well but in that respect be a little bit leery about these modern really
small four-cylinder engines that are turbocharged to give them more power,
because turbocharging puts a bigger strain inside the engine it builds up
more pressure inside the cylinder, the cars are gonna wear out faster if you
drive them hard, the turbos are gonna wear out eventually and they cost a small
fortune to replace, and if you drive faster you're going to kind of negate
the good gas mileage because the faster you spin the engine the worse the gas
mileage, this is where gas mileage ratings is often a load of baloney on a
turbocharged car, because they're running them on a dyno when their testing
them, but they're just driving them normal, many people with a turbo they're
always slamming on a gas, then the turbo kicks in and it spins really fast, you
get a lot of pick up but you're gonna get horrible gas mileage then, so don't think
you're gonna get a little better 4-cylinder turbocharged engine and drive it
really hard and get very good gas mileage, and when it comes to power, say
you're the type of person that tows quite a bit, you might consider
forgetting gasoline engine and get a diesel engine then, because diesel
engines are made for towing they got a lot of torque for towing, they'll get
better gas mileage towing than a gasoline engine will, I've had customers
in the past not doing enough research, they'll buy a big truck figuring, oh it's
a big truck I can tow stuff, and sure a big v8 engine it can tow stuff, but they
get horrendous gas mileage especially if they had a giant trailer or a big giant
camper that they tow behind it, I've had more than one customer end up getting
rid of their gasoline engine and buying a diesel engine truck for towing stuff,
so don't make that mistake if you're gonna do
a lot of towing, look into diesel vehicles instead, and when it comes to various
options, decide what you really want and you might decide that hey, I'm not gonna
buy the top-of-the-line model because it costs eight thousand dollars more then
the medium one does, as I've shown on my own videos, you can easily upgrade
systems like putting an Android system like this that I did in my old 2007
Toyota Matrix and put on all kinds of additions at a
fraction of the cost of what the deal is going to charge you, because they're top
models they had everything in them and then they give you this outrageous price
tag for it you're much better pricing around, seeing what models have which, and
then decide how much you want to pay for the car and what options you really want to
have, whether you buy it that way or have it put on later, but of course the
biggest mistake I've seen my customers make over the last 51 years, is buying
the wrong car in the first place, do a little research,
email guys like me when you don't know what you should choose I'll tell you the
truth about which cars are good and which cars aren't,
you can easily look up repair histories of cars on the Internet these days and
also the resale value, even if you're buying a new car, do a resale value of
that model and if you see it's horrible their horrible for
a reason and the reason is they're not such great cars you shouldn't buy one in
the first place, and when a company comes up with a new design like say, oh they
have this new engine and this new transmission, hey
don't buy it, wait until the model has been out
a few years to see what happens, I've seen more designs that failed miserably
because they weren't built and designed correctly, and they broke down in
regular driving once the models were sold, and if you are buying a new car my
advice, don't get suckered into buying one of those extended warranties where
your paying thousand or a couple thousand dollars for an extended warranty, your
best extended warranty it's buying a good car like a Toyota in
the first place, and not worrying about it because, over the years I've had
customers who bought those extended warranties, 60-70 percent of the
time something breaks on the car they say, oh well that's not covered by the
warranty, because the warranty company is guess what an insurance company, they're
the ones who decide who they paid who they don't pay, hey it's to their
advantage not to pay you, especially if it's a big repair because
really, do you think an insurance company is
gonna sell you something that you're gonna get more value out of it and they
are, personally in my business I stopped accepting those things, because I'd have
to spend hours arguing with the insurance companies over why this should
be covered or what they're gonna pay for what repair, their mechanics they don't
understand cars they just understand, hey this guy paid us twelve hundred dollars
for a policy and now he says this car needs thirty five hundred dollars worth
of work, well we want to lose money on the deal, there are so many exclusions on
that stuff and a lot of it is, chicken or the egg, who can prove why your engine
went out, they could say, oh you didn't change the oil enough, you overheated the
engine whatever, when I work on a car a lot of times I don't know why the car
broke the way it did, I have to fix it, but I can't be sure as to why it broke
in the first place, believe me from my experience, those extended warranties
they just give you a false sense of security, because they're not gonna pay
for a lot of the stuff that goes wrong you just think, oh I'm secure I have
insurance from this, ha wait until something breaks and see what they're actually
gonna pay for, and the last mistake not to make is don't get
romantically involved with a particular car, if you get really involved that, oh I
got to get this car I got to get this car, your gonna pay too much because the
real popular cars guess what, they mark them up as high as they possibly can
sticking every addition they can, a car that might be based $35,000 will be
sixty thousand dollars by the time you get out the door, yeah there's lots of
nice cars out there, you can get a good one if you heed my warnings, and spend a
little time and thought about what car you want to buy, how much you want to pay
for it, so if you never want to miss another one of my new car repair videos,
remember to ring that Bell!