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Epic Economist, 12/17/25
"People Are Going Broke For Buying A Car In 2025"
People are going broke just trying to buy a car in 2025 and nobody is talking about how bad it's gotten. Car loans are completely out of control, interest rates are destroying people financially, and dealerships are taking advantage of young buyers who just need reliable transportation to get to work. This isn't about luxury cars or people living beyond their means. This is about everyday people making what they thought was a responsible decision and ending up buried in debt for years.
In this video we look at real stories from people who are underwater on their car loans, stuck paying off vehicles that don't even work anymore, and learning the hard way that buying new was the worst financial decision they ever made. We're talking about someone with $60,000 in car debt and $30,000 in negative equity because a dealership scammed them. We're talking about 22 year olds getting handed 13.9% APR loans like that's normal. We're talking about people still making payments on cars that are sitting dead in their driveways.
The car buying system in America is broken and it's keeping an entire generation from building wealth. One in four car owners in this country owe more than their vehicle is worth. The average negative equity is $7,000. That's not a small mistake. That's a financial hole that takes years to climb out of. And the worst part is that most people don't even realize how bad their situation is until it's too late.
We also break down why car debt is considered the worst kind of debt you can have. You're borrowing money and paying interest on something that loses value every single day. The average car payment in America is over $700 a month. If that money went into investments instead, you'd retire with millions. But instead it's going toward something that will be worth half as much in a few years. The math doesn't work and it was never designed to work in your favor.
If you're thinking about financing a car or you're already stuck in a bad loan, this video might change how you see everything. We go through what to watch out for at dealerships, why buying new almost never makes sense, and what people wish they had done differently before signing those papers. This isn't about shaming anyone for their decisions. It's about making sure you have the information to avoid the same traps that have wrecked so many people financially.
Drop a comment below and let me know if you've ever been in a situation like this. Have you been underwater on a car loan? Did a dealership ever pressure you into something you couldn't afford? Or maybe you have advice for people trying to avoid these mistakes. I read all the comments and I want to hear your stories.
Subscribe if you want more videos breaking down why everyday financial decisions are keeping people stuck. New videos every week exposing the systems designed to keep you broke and showing you how to fight back.
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