Entitled people.. I haven't even missed 4 months of my car payments don't take my car

Auto repossessions are a HUGE problem these days.

Auto repossessions in the United States have reached a critical point in 2026, with nearly 3 million vehicles expected to be repossessed this year—a volume not seen since the 2009 Great Recession. Financial strain is worsening as serious delinquencies (60+ days past due) are projected to rise to 1.54% by the end of 2026, marking five consecutive years of growth.

Key Drivers of the 2026 Repossession Surge
The current "repo crisis" is driven by a combination of record-high costs and the expiration of pandemic-era safety nets.
  • Affordability Erosion: Average monthly payments have hit approximately $750 for new cars and $530 for used vehicles. When including "hidden costs" like maintenance and insurance, total monthly ownership expenses often exceed $1,000.
  • "Underwater" Loans: Many borrowers who bought cars at inflated prices during 2021–2022 now owe significantly more than their vehicles are worth, leading some to "voluntarily surrender" cars they can no longer afford.
  • Credit Cracks: Subprime delinquencies hit a record 6.6% in early 2025, and even prime borrowers (those with good credit) are seeing a 300% year-over-year surge in severe delinquencies.
  • Lender Tactics: Banks and dealers are using more aggressive recovery methods, including GPS trackers and remote kill switches that prevent vehicles from starting if a payment is missed.
So, while that guy might be slightly comical the way he's dealing with it, the bigger problem is that the economy may be collapsing in what many are calling "late stage capitalism."
 
RambleTamble said:
Auto repossessions are a HUGE problem these days.

Auto repossessions in the United States have reached a critical point in 2026, with nearly 3 million vehicles expected to be repossessed this year—a volume not seen since the 2009 Great Recession. Financial strain is worsening as serious delinquencies (60+ days past due) are projected to rise to 1.54% by the end of 2026, marking five consecutive years of growth.

Key Drivers of the 2026 Repossession Surge
The current "repo crisis" is driven by a combination of record-high costs and the expiration of pandemic-era safety nets.
  • Affordability Erosion: Average monthly payments have hit approximately $750 for new cars and $530 for used vehicles. When including "hidden costs" like maintenance and insurance, total monthly ownership expenses often exceed $1,000.
  • "Underwater" Loans: Many borrowers who bought cars at inflated prices during 2021–2022 now owe significantly more than their vehicles are worth, leading some to "voluntarily surrender" cars they can no longer afford.
  • Credit Cracks: Subprime delinquencies hit a record 6.6% in early 2025, and even prime borrowers (those with good credit) are seeing a 300% year-over-year surge in severe delinquencies.
  • Lender Tactics: Banks and dealers are using more aggressive recovery methods, including GPS trackers and remote kill switches that prevent vehicles from starting if a payment is missed.
So, while that guy might be slightly comical the way he's dealing with it, the bigger problem is that the economy may be collapsing in what many are calling "late stage capitalism."
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however he does have a job as he kept screaming....... so he clearly just didn't pay his repayments...

..however I do think that car purchase on HP is much easier to get these days than it used to be regardless of the ability of the purchaser to make the payment.. which is why I pay cash for my cars... I would hate to be saddled for years long payments...
 
RambleTamble said:
Auto repossessions are a HUGE problem these days.

Auto repossessions in the United States have reached a critical point in 2026, with nearly 3 million vehicles expected to be repossessed this year—a volume not seen since the 2009 Great Recession. Financial strain is worsening as serious delinquencies (60+ days past due) are projected to rise to 1.54% by the end of 2026, marking five consecutive years of growth.

Key Drivers of the 2026 Repossession Surge
The current "repo crisis" is driven by a combination of record-high costs and the expiration of pandemic-era safety nets.
  • Affordability Erosion: Average monthly payments have hit approximately $750 for new cars and $530 for used vehicles. When including "hidden costs" like maintenance and insurance, total monthly ownership expenses often exceed $1,000.
  • "Underwater" Loans: Many borrowers who bought cars at inflated prices during 2021–2022 now owe significantly more than their vehicles are worth, leading some to "voluntarily surrender" cars they can no longer afford.
  • Credit Cracks: Subprime delinquencies hit a record 6.6% in early 2025, and even prime borrowers (those with good credit) are seeing a 300% year-over-year surge in severe delinquencies.
  • Lender Tactics: Banks and dealers are using more aggressive recovery methods, including GPS trackers and remote kill switches that prevent vehicles from starting if a payment is missed.
So, while that guy might be slightly comical the way he's dealing with it, the bigger problem is that the economy may be collapsing in what many are calling "late stage capitalism."
Click to expand...
I can’t even imagine… the economy really might be collapsing like you said. Stuff at supermarkets in San Jose is way more expensive than it used to be. If you go into the same stores now compared to five years ago, basic things like eggs and veggies are crazy pricey. Back in 2019, a dozen eggs at Walmart or Safeway would cost around $2.50–$3.50, but now at Safeway or Trader Joe’s it’s more like $6–$7 a dozen. Lettuce, tomatoes, and potatoes have gone up too, a head of lettuce or a kilo of tomatoes that used to be around $1.50–$3 is now like $3–$5 at Safeway, Lucky, or other local markets.
 
OK here it goes, you guys are going to rip me a new one.

Do not live above your means.

Financing one of today's overly expensive vehicles is not a good choice.

Just because you are making decent money, do not spend it on a big mortgage and car payment. You can only afford it if things go south and you can still make the payment if your earnings take a dive.

Stop buying crap you don't need and build up your savings.

Don't buy anything on a credit card, wait until you actually have the funds.

Plan cooking meals at home and stop eating out regularly, remember save money ;)
 
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josephine said:
I can’t even imagine… the economy really might be collapsing like you said. Stuff at supermarkets in San Jose is way more expensive than it used to be. If you go into the same stores now compared to five years ago, basic things like eggs and veggies are crazy pricey. Back in 2019, a dozen eggs at Walmart or Safeway would cost around $2.50–$3.50, but now at Safeway or Trader Joe’s it’s more like $6–$7 a dozen. Lettuce, tomatoes, and potatoes have gone up too, a head of lettuce or a kilo of tomatoes that used to be around $1.50–$3 is now like $3–$5 at Safeway, Lucky, or other local markets.
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so knowing you can't afford a car because the economy is higher than you earn..what gives anyone the right to take out payments on a vehicle or anything when they know they can't afford it..?..that's theft!
 
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outlander said:
OK here it goes, you guys are going to rip me a new one.

Do not live above your means.

Financing one of todays overly expensive vehicles is not a good choice.

Just because you are making decent money, do not spend it on a big mortgage and car payment. You can only afford it if things go south and you can still make the payment if your earnings take a dive.

Stop buying crap you don't need and build up your savings.

Don't buy anything on a credit card, wait until you actually have the funds.

Plan cooking meals at home and stop eating out regularly, remember save money ;)
Click to expand...
That is my reaction to the bleeding heart story of high priced cars and houses.

I live in a old fix me up house that very few people I know would have purchased. It was low priced and affordable on what I was making at the time.

I've always been able to pay the mortgage.

I bought a car (Honda Accord) with 139,000 miles on it because that's what I could afford at the time. I paid it off in 4 years. Never missed a payment.

There are luxury items and there are practical purchases. You only buy luxury if you can afford luxury payments.
 
OldFeller said:
That is my reaction to the bleeding heart story of high priced cars and houses.

I live in a old fix me up house that very few people I know would have purchased. It was low priced and affordable on what I was making at the time.

I've always been able to pay the mortgage.

I bought a car (Honda Accord) with 139,000 miles on it because that's what I could afford at the time. I paid it off in 4 years. Never missed a payment.

There are luxury items and there are practical purchases. You only buy luxury if you can afford luxury payments.
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yep..but these days so many people feel entitled to have what they can't afford....
 
When my late hubs and I bought our first house together, we were both working. The self-imposed rule was we could make the payment and live on one salary, in the event one of us lost their job (for whatever reason). No stress living.

To this day, I live below my means. Nice not to do the paycheck-to-paycheck lifestyle.
 
josephine said:
I can’t even imagine… the economy really might be collapsing like you said. Stuff at supermarkets in San Jose is way more expensive than it used to be. If you go into the same stores now compared to five years ago, basic things like eggs and veggies are crazy pricey. Back in 2019, a dozen eggs at Walmart or Safeway would cost around $2.50–$3.50, but now at Safeway or Trader Joe’s it’s more like $6–$7 a dozen. Lettuce, tomatoes, and potatoes have gone up too, a head of lettuce or a kilo of tomatoes that used to be around $1.50–$3 is now like $3–$5 at Safeway, Lucky, or other local markets.
Click to expand...
I bought seeds now and plastic greenhouses for on the balcony. It's not that crazy expensive here, but just in case and it looks fun. A greenhouse was 20 euro. The other one 5 or 10.
 
I watched a video once that showed the repo men in action. They can get a car hooked up faster than I can do up my bra. Usually they pull it down the street a little way before stopping to hook up the chains, etc, so that they're out of sight of the "owner".

There was a 7-11 near my office that had "7-11 ONLY PARKING" signs posted prominently, but people parked there anyway to go to the restaurants across the street. It got so bad that a tow truck was permanently lurking behind the store, with the driver standing at the door of the 7-11. The very second anyone parked and darted across the street to pick up an order, he had that truck out front and the car hooked up. Then he'd wait til the person came running back across the street. For $50, he'd unhook your car, but it had to be in cash.

There was a steady business of people coming into the 7-11 to buy a pack of gum for $51 and getting $50 back in cash for the driver. Otherwise, off it went to the storage yard, where it cost you $300 or so to get it back.

Once, unfortunately, they once towed off a car with a child sleeping in the back seat with the mother running down the street screaming. Once again, don't leave a child in the car while you run across the street....any parent should know that.

There was a lot of stink about it being "predatory towing", but my feeling is that if there are signs all over the place that say NO PARKING, you have nobody but yourself to blame for parking there.
 
Sorry, but I had trouble "getting" what was going on here.

Was this a real repo or a satire written and acted by a theatrical group?

If real:

Someone was standing conveniently nearby ready to get the video on their phone? Why would a repo company do that?

Did the guy leave his car parked on a country road apparently in the middle of nowhere?

Was this a scam, and the "repo" guys were just stealing the car? But why would they so cheerfully expose themselves to the law?

Was it real, and the extremely underdressed car owner mentally disturbed? If so, not funny.

Part of my confusion is probably due to the sound quality very hard to hear clearly. When I enlarged the picture to full screen, I did get subtitles but by then the video was nearly over.
 
robin416 said:
I vacillated between parody and it being real. But it was fun to watch either way.
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it's actually real. The repo men have a very popular youtube channel and they record everything, and post everything..where they have any kind of issues...some are very funny, some tragic, and some people need not to be on the roads at all, they're so mentally unhinged like the guy in this Video above...
 
Sunny said:
Sorry, but I had trouble "getting" what was going on here.

Was this a real repo or a satire written and acted by a theatrical group?

If real:

Someone was standing conveniently nearby ready to get the video on their phone? Why would a repo company do that?

Did the guy leave his car parked on a country road apparently in the middle of nowhere?

Was this a scam, and the "repo" guys were just stealing the car? But why would they so cheerfully expose themselves to the law?

Was it real, and the extremely underdressed car owner mentally disturbed? If so, not funny.

Part of my confusion is probably due to the sound quality very hard to hear clearly. When I enlarged the picture to full screen, I did get subtitles but by then the video was nearly over.
Click to expand...
Sunny it's real they are real Repo men. Both men have cameras on them.. there's a camera mounted on the truck, and often times they als have another cameraman riding with them.
These Repo men have a very succesful Youtube channel which is why they have Cameras all over the place....

I don't know why you couldn't hear it, it was perfectly clear to me...
 

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