Why Are So Many Cars Getting Repossessed Now?

My Fiesta is 14 years old. I drive 3,000 miles a year now. How do they justify me buying a $33K+ vehicle to sit in my driveway and depreciate? No more budget sedans, no more me as a customer. Live off your high rollers, while you can.

I was once a loyal Ford customer. Would not consider anything else, but they sold me a few bad vehicles and then did not stand behind the products and now I would not even consider buying a modern Ford. I actually feel sorry for people that buy them. I see people on face book post pictures of their new Ford and I shake my head. It is not long before I see posts their new vehicles are staying in the shop waiting for parts.

So glad you don't shill for the new car market. How about we stop buying new cars.

I remember when Kenworth was selling trucks at this price and lower. I would rather spend $30k for a good used pickup truck, than buy the overpriced and low quality vehicles they are trying to sell

When people buy a new vehicle, they don't factor in the cost of full coverage insurance. My car insurance has almost tripled in 5 years and no violations

What the hell happened to the $20k truck that was coming out? Just lies lies lies and more lies.

12:36 "How did we get so poor so quickly from 2019 till now?" Gee I dont know, its almost like a new goverment came into power and screwed everything up to make life so hard.

Don’t forget people battery’s degrading every year while they sitting on the lots.

I wanted an f150 so bad but I just couldn't justify or support the price-gouging that's going on.. I couldn't justify the nonsense with higher interest rates for used ones... It's ridiculous! Thanks for the vid.

Sick of JUNK cars with bad engines? Have a look at some of the best engines available. https://youtu.be/MA-cEuE9I30