The SECRET to Selling Your Car for Maximum CASH! (Must-Watch Tips)
The Table with Anthony ONeal
The Neatness Network
4.8 • 2.1K Ratings
🗓️ 15 May 2024
⏱️ 23 minutes
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| 0:00.0 | The 24 car market crash has continued. |
| 0:03.0 | It's becoming tougher to justify purchasing a new set of wheels. |
| 0:06.0 | This is the issue of car buyers being upside down on their auto loans. |
| 0:11.0 | A hundred and twenty months. I'm like 120 months. I'm going to pay double and |
| 0:17.0 | then something for the car. I started looking for a company that could help us either sell the cars that can help us |
| 0:25.9 | you know figure out something that we could do to do this and I mean wow I found a company. |
| 0:33.2 | You guys, we have an issue. |
| 0:39.5 | You guys, we have an issue, and I need to address this today because this is the issue that I was a part of earlier |
| 0:46.8 | on in my debt-free journey. |
| 0:50.3 | This is the issue of car buyers being upside down on their auto loans, owing more on their vehicles than what is actually worth. |
| 1:00.0 | This has become an increasingly huge issue throughout America. |
| 1:06.0 | And there are several factors that are contributing to this current situation. |
| 1:12.0 | I'm going to go through a couple of them real quick and then further along in the show |
| 1:16.2 | I'm going to break down how if you are upside down a car what you can do and what are some services you can use that can help you get out of it. |
| 1:24.4 | But here's the very first issue that's really contributing to this and that's the rising car prices |
| 1:30.1 | and the freaking high interest rates. |
| 1:33.0 | You see, initially, car prices surge due to supply chain disruptions, |
| 1:38.0 | such as, you know, chip shortages, |
| 1:41.0 | which drove up the cost of both new and huge vehicles. |
| 1:47.2 | This was compounded by high interest rates, further inflating the overall cost of auto loans. |
| 1:55.0 | For instance, the average auto loan rate for used cars increased significantly by, I'm sorry, significantly making auto loans more expensive over time. |
| 2:09.0 | We've seen auto loans go from 2%, 3%, the 7%, the 12%, the 13%. |
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