Youtube comments of wtfserpico (@wtfserpico).

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  354. Cheap credit + government handouts led to stupid people making insanely irresponsible purchases. Combine that with companies that thought the free money train would chug along to the moon just kept putting out more expensive vehicles, compounded by greedy dealerships who, at one point, had people bidding against each other to "buy" these cars. Now there's a bubble, and it's going to have to burst. It amazes me that there are people out there who will finance for 84 months. Insanity. It also amazes me that anyone is wiling to negotiate based on monthly payments and not total purchase price + interest rate. I bought a brand new Kia last Saturday and the dealer tried to pull out all the tricks, including telling me that he would give me the price I wanted but I wouldn't get the 10year 100,000mile warranty. I looked him straight in the eye and said "You can't revoke a manufacturer warranty." and he started sputtering and admitted that that particular dealership offers an ADDITIONAL 10year100k and THAT'S what I wouldn't get because it was valued at $500. I then said "Oh, I didn't realize you'd already baked in +$500. now I want you to lower the price by that much more." It got really uncomfortable but he did it. I walked out paying the price I wanted to pay ($4k under MSRP) at 1.9% (they initially told me they couldn't go lower than 7% before they ran my credit) and I didn't even look at length of loan or monthly payment until we'd already decided the total cost and interest rate. The sad part is that I heard a different salesman use the same "you don't get the warranty" tactic on an older couple while I was waiting for the finance guy to prep the paperwork, and it worked on them.
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