Today I go over a simple way to calculate what your payment will be on a new or used truck! Second Channel: / @thebenhardyshow Instagram: ben_hardypl Facebook: @benhardycar
I see A LOT of people driving brand-new, $75k+ trucks in 2022… and after listening to your entire symposium - I still have no idea how most of them can afford it.
@ballzdeep1017
Жыл бұрын
Yea I don’t get it either I make 80k a year and don’t drive a new vehicle
@prattj56
Жыл бұрын
I hear ya, I just bought a 2023 slt 1500 Sierra for 64k, i cried inside. I got 16k for my trade in and put down 12k . My payments are 615 per month for 6 years. I buy a truck about every 12-13 years. I just can’t believe the prices and APR rates. My wife and I have a medium income of 240k and I can not fathom how people drive denalis and Escalades.
@lesson2us
Жыл бұрын
Gotta pay to play
@TEW1157
3 жыл бұрын
Ho the fffff do people afford new cars? I make 100k a year and cannot afford a 1000 dollar a month car payment
@kevinmyles1158
2 жыл бұрын
I bought a used car from a dealership once, but I probably will not do that again.
@luisdeleon4329
Жыл бұрын
Because people don’t have debt and if you’re making 100k a year and can’t afford a $1,000 dollar monthly payment on a truck then you must be drowning in debt.
@franciscomorales3452
Жыл бұрын
I agree
@fariseom-ue8jd
Жыл бұрын
@@kevinmyles1158 why?
@boomn216
Жыл бұрын
And in 10 years it will be worth 5 grand
@AntonioPerez-hv1lp
Жыл бұрын
Ram maybe in the next 3 years!
@MrSatyre1
4 жыл бұрын
Finally! Wil Wheaton finds regular work on KZitem!
@BenHardyCars
4 жыл бұрын
🤣🤣🤣
@EddieTyre1
3 жыл бұрын
Thanks for the awesome info. I’ve been doing some research but only part that I wasn’t sure on was the how much interest to anticipate. I should be in (fingers crossed) in top tier. Might be test driving today.
@yooeddwardd3158
4 жыл бұрын
#facts Got my 2020 Silverado RST cause of you’re reviews man
@BenHardyCars
4 жыл бұрын
YooEddwardd congrats!
@isaacberry5900
3 жыл бұрын
tell me about it all?
@fearthedonutz3584
2 жыл бұрын
Got a dodge 2022 classic payment is 851. Truck worth 31,000 full price is 40,000 I was shocked
@666dynomax
Жыл бұрын
Why bother having a car payment. Seriously. Paying for yesterday for 5-7 years. I’m not enjoying watching peoples cars And homes getting repod but what did they think was going to happen
@erikracz4162
4 жыл бұрын
Good advice, and really infomative. Can't wait for the next video.
@heartofdixie67
4 жыл бұрын
Sign up for Credit Karma to help you monitor your credit and get your credit score daily ! I signed up a few years ago and my scores went up from 635 to a high of 816 last year and I bought my new Ram Bighorn with a 3.59 percent interest rate for 60 months with 9k down !
@bryyherrera8797
4 жыл бұрын
How much are your monthly payments?
@revilsdr
2 жыл бұрын
@@bryyherrera8797 With 9K down at that interest rate he probably financed at least 30-35k so his payments are in $500 range
@juanitomaxxcarnaje3877
4 жыл бұрын
What would be the reason behind taking out a loan that is more than the value of the new vehicle? That is simply illogical
@BenHardyCars
4 жыл бұрын
John Branco I saw more people do that than not, because they wanted the new car so bad.
@charliemontero5217
4 жыл бұрын
Great video looking good today
@jamesmcclure3502
4 жыл бұрын
Vehicle loans are horrible! I paid cash for my 2018 Raptor and am glad I did. Principle plus interest would be insane and can ruin debt to income quickly
@BenHardyCars
4 жыл бұрын
James Mcclure it can if someone doesn’t invest their money
@fortyyearfitness
4 жыл бұрын
it is foolish to pay $70,000 cash for that raptor, if you would have got a loan, and put the cash in the stock market instead, your return over the course of a 5 year loan would have been ridiculous. what would you have paid in interest? maybe $4000?? thats nothing. for example, if you would have put that $70,000 in apple stock on 2013-02-19 to 2018-02-05, 5 years, your return would have been a whopping $227,791.57!!! what you have done is turn that $70,000 into $55,000.
@dalephillips8250
4 жыл бұрын
@@fortyyearfitness Many people don't know how do do this nor what to put their money into in the stock market.
@fortyyearfitness
4 жыл бұрын
@@dalephillips8250 i agree, and thats a shame. their lack of knowledge of the stock market makes them fearful, just ask my wife.
@jamesmcclure3502
4 жыл бұрын
FORTY YEAR FITNESS for starters, I didn’t pay 70k for it. Got it for 49k with 31,000 miles. Second, stock market sucks. I invest my money into rental properties and enjoy not only a 10-12% annual return but also the appreciation of the property value. About 4% per year here in Charleston SC. Have fun with that stock market. If it was possible to go back in time and invest, we would all be rich
@nokoolaid
4 жыл бұрын
Do rates vary between new and used cars? Also, why would there be a difference (nearly 40 points) between FICO score and reporting through something like trans union and Experian through credit karma? BTW, thanks for the videos. You have a nice presentation. Reminds of the guy at Lucky Gunner.
@BenHardyCars
4 жыл бұрын
James L because they report one different types of credit like auto credit compared to home credit
@nokoolaid
4 жыл бұрын
@@BenHardyCars Ok. Which does a lending institution for car loans look at, FICO or one of the other three?
@BenHardyCars
4 жыл бұрын
James L they look at all of them
@nokoolaid
4 жыл бұрын
@@BenHardyCars OK. Just wondering. I might look into a credit union as I work for the state. They have pretty good rates. Thanks for the information, I appreciate it.
@ballzdeep1017
Жыл бұрын
Credit is a scam in itself
@giovannimartinez2145
4 жыл бұрын
Did you finance your truck?
@BenHardyCars
4 жыл бұрын
Yes
@aaablade
4 жыл бұрын
How much payment for ford raptor .?
@BenHardyCars
4 жыл бұрын
Kamran Masroor mine is about 800 per month
@bryyherrera8797
4 жыл бұрын
@@BenHardyCars How much did you put down?
@BenHardyCars
4 жыл бұрын
Bryy Bryy24 I financed just over 50k for 72 months at 2.99%
@george85200
4 жыл бұрын
And that’s why I lease
@BenHardyCars
4 жыл бұрын
george 69 leasing isn’t for every situation
@george85200
4 жыл бұрын
Ben Hardy I agree but the way I see it is , you drive a more expensive car for a less monthly payment. By the way , keep up the good work LOVE YOUR VIDEOS!!
@george85200
4 жыл бұрын
And since you bothered to respond to my post I’m going to subscribe to your channel!!!
@tewksburydriver8624
4 жыл бұрын
I don't know man, leasing is kind of a scam. that's why the dealerships push people to lease rather than purchase. They want YOU to eat their vehicle depreciation for them. Not to mention leasing is a binding contract that is almost impossible to break. Studies have shown that the least expensive way to drive a vehicle is to buy it. At least you have control and options that way. I've leased and bought many vehicles and I'll never lease again. Just save up money and buy it. The best situation is no monthly payment, and if you lease it's an endless cycle.
@Oosik91
4 жыл бұрын
Don’t have sales tax here in Anchorage Ak
@BenHardyCars
4 жыл бұрын
Oosik lucky lol
@jesusbetancourt7251
4 жыл бұрын
How you buy a truck with no credit card?
@BenHardyCars
4 жыл бұрын
I L I’ll make a video for first time buyers
@Shakenunez
4 жыл бұрын
Like your haircut
@betod3113
3 жыл бұрын
Dalm I want a truck.. am tired of cars and suvs
@Emrechannel-h5z
4 жыл бұрын
Ford raptor F150 👍👍👍 and RAM Limited 👍👍👍 sukses selalu. Good Job,
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