HE ASKED - BUY A SCAT PACK NOW OR WAIT...ACTUAL CALL AND ADVICE
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- čas přidán 15. 05. 2024
- In this video I share an actual call with a subscriber who wanted to know if he should buy a 2023 Dodge Challenger Scat Pack now or wait based on his current financial situation and pricing of the car.
Follow me on Instagram, Tiktok, and Facebook at OCMotivator - Auta a dopravní prostředky
I love the way you treated this young man with respect and courtesy. UNLIKE the commenters on this video, people are so full of themselves when they are anonymous on the internet.
It’s the internet lol I just laugh & stick with the positive, I’m taking all of his advice & already on it tho.. so maybe in 6months I’ll do a follow up.. I might even save, wait a year & get what I really want.. a Durango SRT🤍🖤
Couldn't say it any better!!!
@@theekiddunknown6069if this is really you in the video, just letting you know I’m cheering for you! Don’t listen to the negativity and prove them wrong.🔥🔥
Your advice is solid, but I would have went in a different direction with this particular individual. He is living at home with his parents. There is nothing wrong with that, take some time to get your life back on track, but I do not believe that he should run out and buy a brand new car or even, make payments on a vehicle when he does not even have his own place to live yet. There is nothing wrong with spending one or $2000 on a car. Why not buy something cheap at auction just to get you back-and-forth.?
Instead of making that $800 a month car payment, save that money in the bank and then move out of your parents house. After you have saved up about $10,000 and you have no other bills pending, then go out and get you a better car. For a couple thousand dollars you can buy a dependable Honda or Toyota. Nothing to look at, but stop trying to impress other people and improve yourself.
@@streetratgarage the trolls are ok & even funny lol I take all advice but stop all the extra yapping I got more than 10k, I can move anytime I want buddy.. & I literally have no other debt that’s why I was confused about the cosigner, phones & my credit even being low & its nothing else on there.. I always used cash but (CLEARLY IDK ABOUT CREDIT) oh I’m staying here bcuz we’re opening another business if you really just wanna know lmaoo & im still gettin a used car also, i was just tryna rush n get the new one 1st😂🤷♂️
If you are reading this, dude, just attack it, and it will get better. You are not the only one who's gone through a rough patch. My life was very different 3 years ago and I felt like it was hopeless at times, but I was able to fight my way back. Don't settle for an R/T if you want the Scat, get it! Radio talk show I used to listen to said you spend your 30's fixing the mistakes of your 20's
That is so true.
He'd be better of with the advice in this video and getting what he can get without a flaky cosigner. He also lives with his parents. He needs to live on his own first.
Just listened to you giving advice, thank you so much, you did a great job
Price of cars still high anything with dodge you going pay over market value
@@toxicblackman I'm not disagreeing with anything Brad said just trying to throw personal experience and being able to relate. Never said not to listen to the advice in the video, if it came across that way it wasn't intentional.
Wow - OCMotivator, major props to taking some time to help this gentleman, and us, out. Solid advice and insight that doesn’t get talked about enough. Thank you 👊
You gave VERY solid advice to him. Especially the part about not beating himself up over past mistakes. Way to look out for your fellow man :)
Agreed. You are also a good person also for not jumping down this guys throat like most of the other ignorant people commenting like they never made bad mistakes in their lives.
For you Brad to take your time to speak to this man and give him honest advice while also being respectful shows the caring and kind person you are and we truly appreciate your videos and the guidance that you always give in them. Thank you Brad.😇
Tbh with a 515 fico you are better off buying a 2-3k car riding that fixing your credit and maybe next year get one these cars aren’t going anywhere the dealers can’t even give them away
With rates right now he’s going to get graped. Like 20% interest that’s if the bank finances him
Bro needs to focus on other things instead of getting a car right now.
Love to see someone like OC give the honest tough love. Way to go Sir!
Do more vids like this. It offers insights to people in our community of their situations and buying. Plus it's another form of content for you, without it becoming a frenzy of people's request, select ones you think would make for good content
I’m not in this situation as the guy you helped out but this content was incredibly insightful. You made a similar video like this maybe 6 months ago, but it was hypothetical or based on your past experience. This was an in the moment direct example. You’re the man!
It's tempting, but don't buy a new RT, or any high dollar car, until you get your finances right. A payment on a $50,000 + OTD car is nearly a grand per month, with tier 1 credit at 4.9% from Navy Fed, and that includes nearly $7,000 in interest. With lower credit scores, you will be paying through the nose. Plus, a car is a depreciating asset and you lose money the minute you drive it off the lot, not to mention your insurance is going to be through the roof, which adds to the overall cost of the car. Like OCM said, get your credit straight first and you will not be at the will of the dealerships and banks. Only thing that sucks is they don't make Challengers anymore, but used ones are everywhere and they will continue to drop in price. We have all been there, but it's the decisions you make while in your position that will dictate your financial future. Think with your head, put needs before wants, keep grinding and you will be able to be in control. Good luck.
This Is the best advice out of all of the comments I've seen.
Nothing will stop this gentleman
Good on you O C
Not sure why the guy is looking to get a new muscle car when he won't even pay his Internet bill. Crazy. Just get a second hand Camry and save and pay your bills.
he watches youtube videos, and he wants to be like them.
There are new cars he can get for low to mid 20k including sxt and gt dodge cars
Well, that was a great video. I enjoyed it, He learned something, And you gotta video out of it. Everybody's winning. Thanks for that.
I’m glad I subscribed to people like you. You gave so much gold in this video, but these aren’t the video they push out to people smh. People just don’t value great advice. Keep it up man blessings are coming your way
That was awesome advice and very noble of you to help that young man!
I just purchased a go mango widebody scat they took 12 off the sticker very happy with my purchase
THAT'S a lick. Great job.
Just use your credit card once a month to fill up your gas tank or a grocery visit, then pay it off..do the same thing every month, 6 months, a year later your score will be better for sure! Definitely try and keep your credit card balance to 15% or less of your total available credit!...you get more than that and it can start to hurt your credit score! Just some things ive learned..but really alot of great information and advice given in this video! Keep working hard and dont give up! Always work to get yourself in a better position! If you dont need it..dont buy it!! Save for the big thinngs that matter to you!
Great advice. I owed 25k on a card that bank raised interest 29%. Stopped paying and at 6 months made a deal to pay off with 5k. Best thing I did. My FICO >800 now.
Me personally I would wait a little longer. I believe once the 2025’s land & the 23’s & 24’s are still there as well these dealerships will be doing 15k off MSRP they will either go bankrupt or try & make something rather then nothing.💯
Yep the interest rate alone will be as much as half of the car's price.
@@MaverickPhantom You’re 100% correct I agree.
Meanwhile, greater ravages of rot lot with every passing day. 🫣
Word of the day, Sketchy!
515 fico 😂 he gonna be riding them Shoebarus or Lambofeety’s
Nice work OC. You gave this guy rock solid advice. Hopefully this man follows your advice and can turn his financial life around. The educational system does not teach this material, for a reason haha
Nice Work Brad. Respect for your Advice. This young man has his priorities a little backwards and needs to straighten some credit issues out before buying a car that is not a priority. Not knocking the guy, but you gotta be straight up with your issues before pulling loan for a car that is for a car that is a luxury to have. Lots of us have been there.
Good Luck Brotha, you can do it.
Wow this video shows how much of an outstanding person Brad is, really helped this young dude out with getting his life on track, and focusing on making the best decisions for his future and not just buying a car.
Awesome advice OCM
You provided excellent credit information. Well done
to bad they dont teach this in school i turn 30 in a few months and in the same situation . i knew this information few years ago but i was to busy enjoying life . i guess its something about the age of 30, we all want to change our financial/credit/life around
Definitely wait man build your credit that's what I did and these prices are going down I bought my Dodge Challenger ta package for unbelievable price I'm only paying $18k for mine the originally wanted 25 and I walked out of the dealership they called me three days later and said they would do 18500 and I said I'll do 18500 if y'all put new tires on it and fill up the gas tank and they did and you can actually see my challenger in my profile picture here on CZcams I love the car the car is fully loaded too
Great video Brad. Motivating and doing a good deed helping this guy out. Cheers 🍻
Smart man Oc motivator
Disputing the creditors and gettin it in writing is important! Great advice
Awesome. He's out here with me in OKC. Great advice
Credit in the 500's forget about it. Take the $3000.00 and buy a used Honda Toyota or Mazda. 😂
And don’t pay cash. Finance it then pay it off.
You could get approved if you put a lot down
@@nicksmith2604nope. Be responsible...buy a toyota
Best thing to do is find some bargaining chip.
Lots of money in hand ✋️
If you live in Oklahoma come over to Tahlequah, Oklahoma. Talk to Tommy Nix CDJR.
More money the better.
Get it stripped not equipped.
If you want a deal. Talk to John.
yes!! I loved this video. It is definitely good to see you giving advice to this guy, and it is something that could help lots of people. The world would be a better place if people just helped others instead of putting people down. I hate seeing the comments making fun of his 515 score. It is not your place to judge others, you do know what they have experienced.
Keep up the good work Brad!
Great advice OC
Very good video sir! Nice to see u taking time out to talk to this young man and give solid advice. I'm actually in a rebuilding stage with my credit now and I'm working with a credit repair company to get some things disputed and off my report. I definitely know the feeling of having a big car note and seeing it get repossessed
Great video, love your content!... Yeah like you told him, I would prioritize getting my credit fixed first before anything else. Pay off that debt then get that Scatty. If you need something now save up cash and drive something cheap. Like him, I'm in my early 30's, one thing I had to learn (still learning) the hard way is these cars and other depreciating assets are always going to be here. By the time you get that credit right you'll be able to get what you want and possibly by then these rates will be lower and these ridiculous prices on these Dodge vehicles will be cheaper.
Great video and good advice you gave your subscriber.
God bless that young man, you gave him great information. I have to say, while making this comment, I'm a little teary. I can only wish him the best and thank you for the time in advising him. I want to hear the follow up, like he bought a Hell Cat!
Fantastic advice. Pay attention and follow it .
OC just passed on millions of dollars worth of game! Heck yeah man! Handle business man and good luck! OC proly chargers thousands for this kind of guidance.. OC staying real as usual!
That was awesome of you
This is cool. You're pretty cool for takin time to help a guy out.
👍🏾✊🏾👏🏾👏🏾👏🏾👏🏾#REFRESHING
Excellent advice imo 👍
Good advice
He needs to come down to Houston!! Autonation CDRJ KATY!! They are working with all credits and giving 10 grand off
Finally you gave some usable advise....
Ford Mustang GT supercharged 810hp under $50k
Before the Dealer mark-ups! lol
Awesome video!!
Loving your channel, videos as well as TK's and Butter's! Appreciate you guys so much and all you're doing to change and challenge that car industry culture. I also have a question regarding financing. What's your thoughts regarding Dave Ramer's counsel - never to borrow money for anything. Thanks and once again, appreciate you!
Dave Ramsey thinks we’re all going to live forever. He’s way too conservative for me. If I listened to him I’d be 80 when I get my Lamborghini.
You’re a good dude. Cool video!
first and best, longest sub
OC , I have also seen the prices Bomnin have advertised (21,000) for a gt, but can't get an OTD over the phone,I live in Ohio , financing is not an issue. I called the dealership multiple times to try and get the dealer add-ons but no luck.
I would say know for selection, but wait until November December for year end clearance.
At this point buying a 2023 Dodge is a risky move. Since the Challengers and Chargers are basically the same from 06 to 23 a low mileage used one would appear to be the better deal. 2019 or older seems to be the sweet spot. My friend bought a 2019 Scat Challenger and it's a great car.
Exactly. Even with a warranty, there are some serious defects with the 2023 cars. Wouldn’t touch one. Go used, save the 1st year depreciation.
My friend lives in Clearwater Florida and he called Bomnin down here in Miami and they were offering a scat pack challenger on the Bomnin website for 50 grand and when I went to the dealer and asked about the car because I live in Miami and I know that Bomnin is a horrible Dealer the car was really 110,000 and that specific car they wanted basically a hold down payment. You had to wait three weeks and if nobody came in to beat the price that you were going to pay then you could get it if somebody came in and beat the price they stayed with your money.
Sounds just like Miami lakes, they sold a brand new scat a year ago for 90k
U can do it I was drove a yaris for 18 years it takes time
I would recommend getting your credit right, save up some more money. Even myself I want to get another car, my credit is incredible but I have to get my money right. Plus the prices will drop, hold on for a bit longer. 💎💎💎
🇨🇦🇨🇦🇨🇦great advice Brad
Solid advice for that young man and anyone else in his position.
Except for the my-fico thing. There is no need to pay for credit monitoring if you get the right credit card. Several offer monitoring as a perk of the card. *Last part is my opinion only.
Great advice, the banks would have killed that guy with their toxic APR's right now. I was just looking at ne scat packs in my area, and would be looking at 6.97% and I have over a 700 credit score. Not happening, will keep my Ram at those APR's. Give it a year to a year and a half those APR's should be falling.
Also dude you don't need a 2011 RT charger to just "Move around" get a toyota/honda beater for 4k-5k and save up till you can get the Scat pack!
Used R/T for $29K? You can get a new one for about that or a few grand more. I just put a deposit on a new 2023 for $34K.
I was in the same situation actually my credit was crap! Took care of what I owed paid off the collections got a co-signer and was able to get my Scatpack with 0 interest during Covid.
Great information I have Excellent Credit but I’m still hesitant to buy a Challenger Rt or Scat because of the drastic price drop and will I be stuck upside down trying to trade in a couple years because I’ve never had good luck with Any American Made cars after 3 years of ownership. I’m so confused I don’t want to overpay and I want a decent deal. Called a dealer in Greensboro NC and the first thing that comes out his mouth was “How much you Got to Put down” so I know the Dealerships are about Bottom line and Zero customer service.
Brand new scats here in OKC are starting at 37k for a base. When you fix your credit, take a look in your own back yard first. Maybe by then they will be even cheaper!
I am lol I just got some cash to spend & lowkey tryna rush it, I seen those tho & was about to put 10k down & get one for 47k the week before it went down.. but i ran into this credit problem🤦♂️its cool tho Ima just wait🤍🖤
@@theekiddunknown6069yup just wait. Buy something cash that's reliable
What dealership??
Joe Cooper in Shawnee
That is what I want, narrow body Scat Pack Challenger B5 Blue, Frostbite, keep waiting but not sure when to pull the trigger…. Be careful FL is home of the fees!
Good lookin' out for a MOPAR enthusiast with good advice to get into the car he wants without being buried!
A paid chargeoff DOES NOT help you. It actually lowers the score. Never pay a chargeoff. File an FTC Report and get it wiped for free, in a matter of days. Youll go up to 700 easily. Wow. 🤦🤦🤦
With that score he’s going to need at least 50% down
@BrianWaller-qe7gr I heard most banks won't touch challengers and chargers, due to all the defaults, repos, bank loan fraud, Theft, first payment defaults etc etc. Look at who's driving them..
I think you need to get your credit fixed. Maybe get at least 650 credit score, then try to get the car at decent interest rate. There will be plenty used Challengers for sale for years to come. Don’t get yourself into a loan you can’t afford. Be patient and it will pay off. Good luck
Well I bought an RT 3 weeks ago with $15k off. I know if I waited I could get more but keep in mind they just finishing their inventory. If your color or trim gone you can’t order it or wait. OC I would love to talk to you about my experience in buying❤
A little annoyed that there are such big discounts now compared to when I picked up my special ordered ‘23 Scat over a year ago. However, interest rates are much worse and the value of my ‘18 BMW X5 trade in was tanking every month for some reason so I’m money ahead on dumping that. Enjoy the vids, thanks!
24.99 per month membership for Experian credit profile access is good too! 👍🏻
I tell people with no or bad credit, to rent something from a place like rent a center and pay it off within 3 to 6 months. When you pay it off in that time frame you're paying same as cash so there is no interest rate. Once you pay it off you have established positive credit on your credit history.
people usually focus on the shiny new car and worry about paying for it later (and dealership takes em for a ride)......get the financing figured first then go look for the car
that car will sink you right now, it will feel good for a short time until reality kicks back in
fix your credit first bro, I was in your position..
youll have more leverage and opportunity, plus you can research more on how the process works....
the cars aint going nowhere, there will be another when your ready and market will probably still be good for buyers
no way what happened during covid is coming back....
This situation can’t sustain itself. As of May 29, 2024 one of the biggest Dodge dealers in my state has 83 “new” Challengers and 120 “new” Chargers. I’d say 90% of their inventory are higher trims like Scat Packs and Hellcats. Probably half of those are widebody cars. They even have a few of the special editions. Even some Redeyes. They all have a layer of dust on the interiors in the inventory photos. They’re still priced thousands over MSRP. They’re going to have to do something. I wound up getting a new AMG Mercedes instead of a Redeye last year, but I might pick one up and just daily drive when they have to rock bottom price these things. We’re halfway into the current year and the lots are just full of these cars priced at a premium. In my mind, a car stops being new when it’s last years model and it’s been sitting in an outdoor lot for at least half a year. They’ll have to come waaay off MSRP to get me to buy of these cars. I think middle to late summer will be the time to get a deal. They just have way too many of these things.
Very solid advice but I would fix your credit first.
If the young man has no or little money to waste, I suggest he get into a reliable car. ie Toyota or Honda, at least for now while money is so tight. If he wins the lottery down the road, sure, get the red eye.
first thing id do is go to bank with that 3k and ask the bank and give yourself a loan on it with in 6mo you could raise your score 150+ if not more in that time then try for a loan on car after score is higher
The best financial advice I can give anybody is if you are delinquent on cell phone payments, you do not need to be out there looking at scat packs or r/t’s. You need to be in a state of rebuild.
Jeez, 515 FICO and $4k down on a 100k car?! He can’t even afford one insurance payment! That car will be repo’d in three months or ‘stolen’. This guy doesn’t need that car. He needs to get a better job and save a lot more cash. At 30 years old buying that car will ruin this guy for many years.
Why not just wait? Save up the cash and buy a use Scat Pack for $30 to 40 thousand dollars 💸 Stop taking out loans for these over price Challengers or Chargers..😮
You may want to let people know something that I ran into when trying to buy a new Challenger. The "Sale Price" online is not what they will be selling you the car for when you get there. They said the factory rebates you have to qualify for. Meaning if you are not a Vet, EMT, police etc you get non of the rebates for the car.
Similar scenario here. 410 score credit. I work 2 full time jobs. I own a 2019 scat pack charger. I want to improve my score with another car. Camry or an RT
Homie will get cooked interest for loan and he’s forgetting gas money plus insurance
We all learn as we go thru it . Get your credit score up in the high 700’s walk in and let them know how YOU are going to make the deal . Don’t go in acting all that . Just knowing you can walk away from a deal because YOU didn’t like the terms is a lot better than walking away because THEY didn’t like the deal .
can someone please tell me if 1700.00 of a 2024 maxda cx-5 preferred is a good deal. appreicate any help thank you.
Well Done - This car is out of his league for the time being. He should save his money and buy gold instead. If gold rally's he will have better financing options.
Love to have hellcat or redeye but need em to be like 40-30k.
I wouldn't buy a 2023 at this point - the workers sabotaged too many of them before the plant closed.
Now, if you have bad credit you shouldn't be making a $50K+ purchase at all, & you definitely shouldn't be flying anywhere because it's already painfully clear that you're not getting the loan. Even the salesman told him that he needs a co-signer...
Lol the engineers started the sabotage by designing pretty garbage that doesnt last...
Feel sorry for the guy and hey and you're obviously gave it giving him some great advice yeah cuz it looks like he wants to put the cart before the horse and I think you're going to help him out hey I know I've been there I've had bad credit and I've had good credit now I got great credit something but I'm sure you'll get them squared away
Where’s best car dealer to buy a charger?
515. Sorry mine friend not gonna happen with that score. This is the worst time to buy. Get you credit into the high 6 hundreds or more then go for it. Otherwise you with be out way to much cash to put down and still then probably not possible. We all been there. It just takes a little time. Good luck sir. All the best to you
515 fico... maybe teach him how to pay bills on time instead of getting more debt. Maybe even buy a vehicle that will last as a daily driver.
Trip. 515 sucks man. Spend 3 months get the credit up to 650. Then you can get your newish dream car and not kill you at 15% financing. They will be less in more time anyway.
You shouldn’t even think about buying anything with a credit score like that !!!😮😂😢😱💯
if you fly down they will know they have you over a barrel and negotiation will be poor possibly.
I remember sitting in a brand new 1971 Ferrari while my Dad was out in the back looking at this piece-o-crap used Fiat. When he came out I begged my Dad to get the Ferrari, as I thought we could buy it. He replied, "Yes, I can buy it, but I can't AFFORD it." And, looking back on it, he was right
Heavens knows what that Ferrari is worth today.
But listening to this young man, my impression is that he can't afford the new car even if he did have a good credit score. Yes, he can buy it, but can he afford the gas, insurance, and maintenance costs? Don't get me wrong, I really want him to have the car of his dreams, but only when and if it won't put such a potentially financial and emotional burden on him and his family.
Which brings up another question to Brad: For those of us on the other end of the life cycle, at which point financially (in your opinion) is it OK to buy the car outright for cash? I'm thinking there would need to be a minimum financial threshold of savings in retirement accounts before a purchase can even be considered, then as more savings is accumulated, the more can be put down on the car to the point where it's paid for the instant it's driven out of the dealership.
So, hypothetically, is someone had, say $500k in their retirement savings, I"m thinking they really shouldn't buy a new car with anything less than that, and for every $100k more they've saved up in the retirement they could use $10k for each additional $100k saved to buy the car. So this formula means that if they want to buy a car for $60k out the door in cash they need to have the $500k initial savings plus another $600k, for at least $1.1M in the retirement accounts. Then, yeah, I'd think that would be enough as the extra money can still go to work in investments and keep the retirement cash flow liquid for years to come.
Then their retirement income and Social Security would pay for gas, insurance, and maintenance, so they should be OK.
But, really, what is the financial point where buying a new car is truly affordable?
Just curious.
Thanks.
If you have $500k in retirement, you should be able to buy a $50k R/T.
@@alanhowitzer Yes, absolutely one could buy it.
But with end-of-life care costs being what they are, is that enough to live on to buy the car and still have enough left over after the costs of upkeep and insurance on the car so as not to be thrown out into the poorhouse when the end-of-life costs skyrocket?
In other words, is that $500k in retirement enough to be able to AFFORD the car?
Ans I have a 800 fico with good cash down