You're Getting Robbed by Your Car Payment (Here's How)

Описание: This video exposes the hidden math behind car payments and why focusing on the monthly car payment keeps millions of people stuck in long-term debt. You’ll learn how extended auto loans (6–8 years), interest, depreciation, insurance, fuel, and maintenance turn a “$650 payment” into six-figure transportation costs. We break down how dealerships push longer loan terms, how negative equity traps buyers, and why most people never stop having a car payment. By the end, you’ll understand the true cost of buying a car, how to avoid common auto loan mistakes, and how to redirect that money toward building real wealth instead of financing depreciation.

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➡️ About this channel: Finance Fred creates animated videos that explain personal finance in a clear and approachable way. The focus is on investing basics, money habits, debt, and long-term financial understanding, especially within the U.S. financial system.

➡️ Disclaimer: All content is for educational and entertainment purposes only and does not constitute financial advice.

➡️ For business inquiries: [email protected]

Part 1 – The Monthly Payment Trap
This part explains how car dealerships use low monthly car payments to sell vehicles that are far more expensive than buyers realize. You’ll see why long-term auto loans (6–8 years) make cars look affordable, how interest massively increases the total cost of a car, and why depreciation leaves many drivers underwater on their car loan. It breaks down the psychology behind focusing on the payment instead of the real price.

Part 2 – The Real Cost of Owning a Car
Here we uncover the true cost of car ownership, beyond the monthly payment. Insurance, fuel, maintenance, and repairs can double what you think you’re paying. This section shows how negative equity, trade-ins, and rolled-over debt keep people trapped in a car debt cycle, destroying wealth while the vehicle loses value every year.

Part 3 – Breaking Free and Building Wealth
The final part shows how to escape the auto loan trap and make smarter personal finance decisions. You’ll learn how thinking in total cost, buying used, shortening loan terms, and investing the difference can turn car payments into long-term wealth. This section focuses on financial freedom, investing, and breaking the cycle of permanent car debt.

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