Here's Why Rich People Buy Cheap Cars and Broke People Buy Luxury Cars
video description
Date: 2019-09-06
Related videos
Comments and reviews: 9
djvasforever
Buying a super cheap car, the problem is, you have to fix it all the time and if you are not a mechanic, per-month average repair costs are almost the same as monthly payments for a new car. That is if you drive it 15k+ miles yearly on shitty roads, like 99% of all the roads in the world. The right message should have been - do a proper research in your area if you value your money. In some scenarios getting an electric car is going to save you the most money over 5 or 10 years, even if it's the most expensive car. Of course, there are cars so basic out there, that there is nothing that can break. But they are usually super uncomfortable, like no AC, very little soundproofing, crappy seats and in my case my butt starts to hurt after 45 minutes and imagine making 6-hour road trips 10 times a year. Having said all that, my car cost me 600 bucks.
reply
Buying a super cheap car, the problem is, you have to fix it all the time and if you are not a mechanic, per-month average repair costs are almost the same as monthly payments for a new car. That is if you drive it 15k+ miles yearly on shitty roads, like 99% of all the roads in the world. The right message should have been - do a proper research in your area if you value your money. In some scenarios getting an electric car is going to save you the most money over 5 or 10 years, even if it's the most expensive car. Of course, there are cars so basic out there, that there is nothing that can break. But they are usually super uncomfortable, like no AC, very little soundproofing, crappy seats and in my case my butt starts to hurt after 45 minutes and imagine making 6-hour road trips 10 times a year. Having said all that, my car cost me 600 bucks.
reply
Jo Tu
You have the ultimate advantage over most people who will watch this video & you left it out of your explanation. I am willing to bet that nearly every one of the cars you bought were from either former customers of yours (or friends of theirs) or your family members (or a friend of yours) and, therefore, most likely benefited from when they told you they were going to trade car in or maybe a family member died, etc. In other words, they trusted you when you offered them a low price. No big deal. just saying is all. That combined with the fact that you almost surely had intimate knowledge of the maintenance (or non maintenance) of the vehicle you were buyng. if it was one you had done work on. AND the fact that you are a mechanic for over 50 years.
reply
You have the ultimate advantage over most people who will watch this video & you left it out of your explanation. I am willing to bet that nearly every one of the cars you bought were from either former customers of yours (or friends of theirs) or your family members (or a friend of yours) and, therefore, most likely benefited from when they told you they were going to trade car in or maybe a family member died, etc. In other words, they trusted you when you offered them a low price. No big deal. just saying is all. That combined with the fact that you almost surely had intimate knowledge of the maintenance (or non maintenance) of the vehicle you were buyng. if it was one you had done work on. AND the fact that you are a mechanic for over 50 years.
reply
The Car Crazy Guy
While most of what you're saying I agree with. Trying to save money, in this case with cars, is good advice. However, how you have lived your life is a bit extreme. I'm fairly certain this money saving tactic applies to other facets of your life. While you may have saved a fortune of your hard earned money, you have also denied yourself of the better things in life, such as driving a nice car, new or classic. In the big scheme of things, when you die your heirs will have access to your estate and spend it at an alarming rate. My point here, are you saving your money for the next guy rather than enjoying it for yourself? Why even have a ton of money when in essence it's locked away forever. Think about it.
reply
While most of what you're saying I agree with. Trying to save money, in this case with cars, is good advice. However, how you have lived your life is a bit extreme. I'm fairly certain this money saving tactic applies to other facets of your life. While you may have saved a fortune of your hard earned money, you have also denied yourself of the better things in life, such as driving a nice car, new or classic. In the big scheme of things, when you die your heirs will have access to your estate and spend it at an alarming rate. My point here, are you saving your money for the next guy rather than enjoying it for yourself? Why even have a ton of money when in essence it's locked away forever. Think about it.
reply
Bryan Olivas
Scotty My guyMy gf has a 2017 CHEVY EQUINOX and it has 30 mi on it leaving the lot(She got this before meeting me or else Id wouldnt have let her buy it)She uses this for work, vast majority is highway miles- as of now (in about 2 yrs) she has put 80, 000 miles on it. She always gets an oil change at 5k. Even though I smell and touch the dipstick- for burnt smell and feel for grit. also will be changing all fluids when times come. (Minus transmission flush. Vehicle still runs great, never mentions anything going on with it. So, since theyre hwy miles, how long do you think this car will last? (I bought my dream car- 2014 Toyota 4Runner; )
reply
Scotty My guyMy gf has a 2017 CHEVY EQUINOX and it has 30 mi on it leaving the lot(She got this before meeting me or else Id wouldnt have let her buy it)She uses this for work, vast majority is highway miles- as of now (in about 2 yrs) she has put 80, 000 miles on it. She always gets an oil change at 5k. Even though I smell and touch the dipstick- for burnt smell and feel for grit. also will be changing all fluids when times come. (Minus transmission flush. Vehicle still runs great, never mentions anything going on with it. So, since theyre hwy miles, how long do you think this car will last? (I bought my dream car- 2014 Toyota 4Runner; )
reply
Geoffrey Woodland
Been driving a '01 Pathfinder and '02 Cavalier since '05 and haven't had a monthly note in 12 years. Instead, I've been putting that car note money in the market. Well, you know the result. Crazy thing is everyone in my neighborhood drives high end cars they obviously can't afford. Me and my wife go to the same fancy restaurants that everyone else in the city/neighborhood go to except we either drive one of our beaters, take the train, or Uber/Lyft. It's so bad that even the bell hops and valet drivers smirk or turn their nose to us. Little do they know: )
reply
Been driving a '01 Pathfinder and '02 Cavalier since '05 and haven't had a monthly note in 12 years. Instead, I've been putting that car note money in the market. Well, you know the result. Crazy thing is everyone in my neighborhood drives high end cars they obviously can't afford. Me and my wife go to the same fancy restaurants that everyone else in the city/neighborhood go to except we either drive one of our beaters, take the train, or Uber/Lyft. It's so bad that even the bell hops and valet drivers smirk or turn their nose to us. Little do they know: )
reply
Rosanne Purvis
Scotty I LOVE your videos Question: I have a 2012 Jeep Compass CVT Transmission, 56K miles. I have had it for 5 1/2 years with no issues. Regular maintenance. However driving out west in Colorado with a low grade continuous climb, it started whining while driving upill. It scared me and I turned off the AC to relieve stress on the engine. This uphill climb is the only time I have experienced this, and it was a year ago. Temperature rose a bit but nothing crazy. Your thoughts?
reply
Scotty I LOVE your videos Question: I have a 2012 Jeep Compass CVT Transmission, 56K miles. I have had it for 5 1/2 years with no issues. Regular maintenance. However driving out west in Colorado with a low grade continuous climb, it started whining while driving upill. It scared me and I turned off the AC to relieve stress on the engine. This uphill climb is the only time I have experienced this, and it was a year ago. Temperature rose a bit but nothing crazy. Your thoughts?
reply
Alex G
Me and my wife have driven BMW for a long time, we love them but then again im a mecanic so it looks like we spend alot of money but hers cost 1800 and min 2010 E60 cost me 700 and people look at me like i spend thousands on cars when were the cheapest of the bunch lolol. Dealer was charging me 1800 to fix my wifes reluctor ring, order from germany 4 days and 8 later got it 2 hrs to install in my garage. Total cost 19 including pack of beer lol. Love you tube Thanks scottie
reply
Me and my wife have driven BMW for a long time, we love them but then again im a mecanic so it looks like we spend alot of money but hers cost 1800 and min 2010 E60 cost me 700 and people look at me like i spend thousands on cars when were the cheapest of the bunch lolol. Dealer was charging me 1800 to fix my wifes reluctor ring, order from germany 4 days and 8 later got it 2 hrs to install in my garage. Total cost 19 including pack of beer lol. Love you tube Thanks scottie
reply
TableRocked
Im comfortably upper-middle class, pay cash, buy new Toyotas, keep them until they reach 350k miles, at least. I live well below my means and agree with Scotty, it pains me greatly to see people who gross in salary as much as I pay in taxes, buying high mileage Mercedes, BMWs, or even worse, 50k new Chrysler 300s, every 3 years. what a waste. posers will always be poor. in currency and character. I feel like a king in my 2019 Avalon Limited Hybrid.
reply
Im comfortably upper-middle class, pay cash, buy new Toyotas, keep them until they reach 350k miles, at least. I live well below my means and agree with Scotty, it pains me greatly to see people who gross in salary as much as I pay in taxes, buying high mileage Mercedes, BMWs, or even worse, 50k new Chrysler 300s, every 3 years. what a waste. posers will always be poor. in currency and character. I feel like a king in my 2019 Avalon Limited Hybrid.
reply
Povilas Fedaravičius
Another great thing is, that if you buy a cheap car, you just don't have to look after it or be concerned about random noises from engines, transmissions etc. My dad paid 300 for his car, and he literally uses just plain water instead of coolant and the cheapest gasoline he could find, that car is still taking it like a champ (minus the suspension being completely dead and rust ) the thing has over 320k miles it's a glorious machine
reply
Another great thing is, that if you buy a cheap car, you just don't have to look after it or be concerned about random noises from engines, transmissions etc. My dad paid 300 for his car, and he literally uses just plain water instead of coolant and the cheapest gasoline he could find, that car is still taking it like a champ (minus the suspension being completely dead and rust ) the thing has over 320k miles it's a glorious machine
reply
Add a review, comment
Other channel videos
