How the Auto Loan Crisis is Affecting Your Wallet: Predictions For 2025 | Lucky Lopez
Wealthy Way
Ryan Pineda
4.9 • 2.2K Ratings
🗓️ 5 September 2024
⏱️ 98 minutes
🧾️ Download transcript
Summary
In this episode of The Wealthy Way Podcast, I’m sitting down with Lucky Lopez, and we’re diving deep into some big topics. From the auto loan crisis to the future of electric vehicles! We kick things off with the auto loan mess and the power of social media, then take a wild ride through the current car market and what EVs are worth buying right now. (Spoiler: Lucky’s got some strong opinions on where the EV market is headed, and it might surprise you.)
We also get into car flipping, impound lot scams, and the good old days of classic cars. Plus, we talk about the challenges of modern cars and even touch on some big moves happening in the YouTube and TV space—including a house-flipping show! Whether you're into cars, business, or just love hearing about how the market's changing, this episode is packed with insights you don’t want to miss.
Connect with Lucky!
YouTube: @LuckyLopez777
IG: https://www.instagram.com/luckylopez
Website: https://www.loanbridge.ai/
Previous YouTube Video: https://youtu.be/ozngDRAZ4Bg
Learn how to invest in real estate with the Cashflow 2.0 System! Your business in a box with 1:1 coaching, motivated seller leads, & softwares. https://www.wealthyinvestor.com/
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Join our FREE community, weekly calls, and bible studies for Christian entrepreneurs and business people. https://tentmakers.us/
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About Ryan Pineda:
Ryan Pineda has been in the real estate industry since 2010 and has invested in over $100,000,000 of real estate. He has completed over 700 flips and wholesales, and he owns over 650 rental units. As an entrepreneur, he has founded seven different businesses that have generated 7-8 figures of revenue.
Ryan has amassed over 2 million followers on social media and has generated over 1 billion views online. Starting as a minor league baseball player making less than $2,000 a month, Ryan is now worth over $100 million. He shares his experiences in building wealth and believes that anyone can change their life with real estate investing.
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Transcript
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| 0:00.0 | If the government steps in and starts regulating auto loans, the market is done. |
| 0:04.0 | Like it's such a shady business. |
| 0:06.0 | Oh my god. 99% of the people out there will not be able to afford to drive the cars are driving now. |
| 0:11.0 | Think about it this way. |
| 0:12.0 | In the old days, you could not buy a car for more than what you make annual. So if you make 30 grand a year, just a regular guy, that nice truck that you wanted, gone. You're driving a Kia because nobody's going to be able to buy a car and then what's going to happen? |
| 0:22.5 | All the manufacturers are going to go from luxury manufacturing to cheap buckets or |
| 0:26.1 | they're finally going to let China come in with some cheap EVs and some cheap cars and |
| 0:30.0 | it's going to it's going to kill the market. |
| 0:32.0 | What's up well well, better. |
| 0:34.0 | Today I got a repeat guest. |
| 0:35.0 | It's been a while since talking to him, but we're going to learn everything about the car market, |
| 0:40.0 | some cool things he's got going on. |
| 0:42.0 | We flipped cars together. It's been awesome. I got |
| 0:44.7 | Lucky Lopez. What's up? |
| 0:46.0 | Appreciate it. The third time in a row brother. I'm glad to be here. |
| 0:48.3 | I know it's been a while. Lots changed. You invited me to your 16,000 square |
| 0:52.3 | foot Creator compound here in Vegas and so I want to hear about that |
| 0:56.7 | deal because you said it's like a foreclosure and like some weird stuff so we'll get in the real estate side later but |
| 1:02.0 | man you know the car market is very different today. |
| 1:04.4 | Yeah, I remember when we talked, people were being nuts paying 100 grand over a |
| 1:08.2 | Hummer and we talked about not talking buying the cyber truck, don't buy a lot of |
| 1:11.8 | these EVs overpriced. you know I bought both those |
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