More Perfect Union EXPOSES The Dumbest Car Buyer EVER

A couple months ago, I started investigating why it's become so hard to afford a car.

Auto loans are the fastest growing type of consumer debt, and the number of Americans

behind on car payments is breaking records.

More perfect union is a left-wing YouTube channel in the same way that the Gravel Institute

is in the same way that now this is, in the same way that many many other left-wing

YouTube channels essentially produce the same exact content over and over again that

talks about the evils of capitalism in today's video, they expose, according to their

title, a scheme, a scam from a financial firm that is conning the American people into

way overpaying for cars, and I wanted to watch this video and see some underhanded, dirty

tricks from a questionable financial institution, and not just a stupid buyer, but unfortunately,

as I started watching this particular segment within a couple of minutes, I ultimately ended

up figuring out that we have a series of really dumb buyers.

People who do not look at the interest rate on an auto loan that they get, don't look

at the final pay off amount, and what's really bad about this more perfect union segment

is that it takes place in New York, in New York State, where I have purchased cars or

went with people to purchase cars, so I know this process inside and out as one of the

more savvy automobile buyers, in fact, you guys well know the story of me trying to buy

a car back in 2021, only for January 6th to happen that very same day, where were you

January 6th?

I was in a car dealership trying to buy a car, and the guy tried to sell me on a vehicle

that had frame damage, and I was so upset about it, so hurt until I looked up at the TV,

and I saw a democracy worldwide getting frame damage.

Well in this particular instance, we do have an instance of frame damage, but we also

have some very, very unsavvy automobile purchasers who made obvious mistakes, and yet we are

told to believe that this is all on the institutions of capitalism.

These people are just oppressed, and the reason why we know they're oppressed is because

more perfect union decided to highlight black women in particular, which is a pattern

of their particular YouTube channel in order to show us how evil, bad, and possibly

racist auto loans actually are.

So this is what we're going to talk about today, this is what we're going to discuss,

but before we do, I want to thank everybody who supports this channel via actualjusticewaterer.com

slash join.

And give me the money, give you, give me the money, okay?

The story in the media is that these costs are driven by broad economic factors.

While there's some truth to that, I also found something else, an entire industry ripping

people off with shady loans and making billions.

It can be extraordinarily profitable to set borrowers up to fail.

They have a great business model.

I mean, every penny is drained.

So one of the things that you'll notice from this segment is that it actually ends up

featuring copies of the contract, and as somebody has bought a vehicle in the United

States of America and specifically in the state of New York and has gone along with individuals

while they purchase their cars to make sure that they don't get ripped off.

For some obvious red flags, obvious indicators of not a great deal that are right there in

front of us, that more perfect union has decided that they want to just kind of gloss

buy without you actually focusing on it.

So of course, if you look at this particular contract, you end up seeing a payment, a monthly

payment of $676, that is a lot of money for a monthly car payment.

I definitely would not recommend you sign up for that, but the reason this payment is

so high is because right here on the interest page, you can see that you have 24.49% APR

on this vehicle.

It is also a lengthy term.

I forgot the exact length, but I think it's around 72 months.

And of course, the total finance charge is $20,000.

And it looks like the sale price of this particular vehicle is actually $24,000.

This is an absolutely terrible deal, and I remind you guys out there in the audience that

if you are searching for a car, one of the first things that you want to do is try to get

your financing straightened out before you even enter the dealership you can do so by getting

pre-approved for a certain amount at a credit union.

And if you can't join a credit union because there's not one connected to your job, you

can actually join a credit union called Penn Fed or a couple of other ones that are

nationwide and don't actually require a certain occupation in order for you to join because

credit unions very typically offer the lowest interest rates on these particular loans.

In addition to that, if you find yourself in a car dealership, if you find yourself

negotiating on interest rates, understand that when they go to the back and they leave

you alone for like a half an hour in order to waste your time, what they're trying to

do is set you up for a sunk cost fallacy mindset because the first time they go back and

they get financing information, they know exactly how much they're authorized to charge

you for this particular loan, then they add a couple of points to see if you'll accept

it and even if you negotiate down, you don't get to the lowest rate.

So in that scenario, what you want to do is walk out of the dealership and have them call

you back in order to offer you better terms.

But again, you will set yourself up better for success if you already work out your financing

prior to you showing up to the dealership and then you hide that information from the dealer

until you get your final price.

One of the things that I did when I went to buy a car was say that I was financing, then

they handed me the forms and I just mamed filling out the forms while consistently asking

questions and of course, haggling down the price only to reveal at the end point that

I already had my own financing lined up.

But again, I'm the kind of person when I go to buy a car, target the exact vehicle that

I want a week in advance, understand everything I need to know about the dealership when they

mark stuff down and what not, know the blue book value and obviously these individuals

did none of those steps but they're trying to portray themselves as victims.

But if you can believe this segment actually gets significantly worse and more embarrassing.

I honestly feel pressured to buy it because my family needed a car.

We didn't have a way to get it wrong.

Tanequa Cross works as a teacher's aide at a school for disabled kids.

A couple of years ago, she needed to buy a car.

She picked out a 2014 Dodge Durango and the dealer presented her with a sales contract.

It said she'd pay about $2,000 down and then for the next 5 and a half years, her car

payment would be about $670 a month.

So this is our alleged victim at this moment in time of this predatory lending system and

as you can see, based on the contract right here, this is in fact the same exact loan

that they showed us in the B-roll earlier where she had the 24.49% interest rate.

But I also want you to take note of the fact that the total purchase price for this Durango

is about $44,000 and this is despite the fact and again, it's slightly out of focus that

there are 77,000 miles on this car.

So obviously this woman is well overpaying for the vehicle if she had looked it up on

the blue book value she would have known this, but she signed the contract out of absolute

idiocy and this is the setup, this is the prelude to us supposedly needing to feel bad

for this woman and I want to be clear, I do in fact feel bad for her to a certain extent,

but this is 100% on her because even when she talks about the minimum monthly payment

on this particular vehicle in relation to how much money she makes, you can understand

that this is idiocy.

Now look, I'm not a scientist, I'm not a math wizard, I'm not an expert on finances

and this is definitely 100% not financial advice.

In fact, you probably need to go to a professional financial advisor in order to hear this information

from a professional, but I'm willing to bet that if you have to take an extra job in order

to pay off your car payment, that is not a good car payment, that is not a good car loan

that you have and again, $44,000 on top of the $2,000 that she put in for the down payment,

thus making the total $46,000 sounds like an objectively horrible loan that this woman

should bare minimum get out of if not refinance, but then we find out that the car wasn't even

good condition because she didn't check the car facts.

But soon the car had problems, first the steering column broke, then the transmission, then

one day, I was out doing door dash, went to come to a stop at the light and brakes popped,

and cars went straight to the light and hit another car.

The brakes failed, the car was totalled, and the aftermath she discovered something shocking.

Kelly Bluebook did, and it told me that the wringled that I had at the time at the price value was

$6,000 to $13,000. So we hear about the brakes popping, and then after the accident,

after it was totalled, she goes and gets the Kelly Bluebook value, which of course you should have

gotten prior to showing up to the dealership, because what she finds out is that the car's value

was between $8,000 and $13,000. Again, this is when she crashed it not necessarily when she bought

the car, and in reality, she had signed up for a loan, again, the terms on that contract that

were shown to us earlier were the terms of her loan for $24K as the purchase price with $20K

in interest on top of that. And also, and this is absolutely crucial, as they're trying to make

me feel sympathetic for this woman, and not think that she's objectively a dumb person,

two smoke detector chirps went off in this woman's home during the course of this interview.

At the price value was $6,000 to $13,000. Guys, how am I supposed to take this seriously? How am I

supposed to view this woman as a victim when she's doing the thing in her house, and actually has

not one, but two smoke detectors that need a nine volt battery change in said detectors. I

guess what we learn from this particular segment is that the real n-word isn't the one that they

pretend to be offended by when somebody with Tourette ends up hurling it out involuntarily. It's

actually nine as a nine volt battery, because apparently mentioning that in a black household

is in fact the real crime, and it's absolutely insane, because when I first heard about this like

stereotype or this meme, I thought it was a joke, and the reason I thought it was a joke is because

I have black friends. I've been over to their homes many a times while I was in college,

people who didn't have a lot of money, and you know what I never heard absolutely ever in any of

my black friends homes? So when I heard about this stereotype on the internet.com, my first thought was

this isn't real. This isn't a thing. This isn't real. This isn't real. But as Anna says, it is real.

It is actually reality. It's real guys. It's real. At the price value was

$6,000 to $13,000. Guys, I am not adding these in in post-production. These are sounds from the

actual more perfect union video where they're trying to convince me that it's not this woman being

an absolute idiot, not looking at the terms of the contract that she signed, where it's not her

not looking at the blue book value of the card that she wanted to buy, which again was a 2014

Dodge Durango with 75,000 miles on it with multiple mechanical problems. It's in fact the finance

company that was just mean and bad and possibly evil white racist that took advantage of her as

an individual who was just unsuspecting. But the thing is, this tells me the exact opposite

information. This tells me that we are not dealing with somebody who's interested in thinking,

and despite the fact that they consistently want to portray her as a victim,

that chirp is driving me insane. And the crazy thing is that the more perfect union film crew

who had to show up to this property knew what was going on. They heard that smoke detector chirp.

These are ultra wealthy white progressives that are working at this job while living off their

parents trust fund. And while they're in this woman's house hearing that chirp, knowing it's

being captured on the audio, they're not thinking to themselves, hey, maybe we should tell her to

disconnect this detector. Maybe we should film somewhere else. They're like, well, we don't want

to embarrass her. We have no expectations for this woman. She's an absolute idiot. So we're just

going to film this interview with these chirps and act like this is perfectly normal, like a cultural

difference or something. When in reality, it just makes me question everything about this woman's

judgment, her thought pattern, and again, her intelligence. The dealer had put her in a $24,000

loan, including interest, the total sale price was $46,000. It pisses me off. Why am I paying

triple for a car loan? There's no way a loan should be that big for a car that's not worth that much.

Again, we hear another chirp right there and she's like, why am I paying triple the value of a

car for a car loan? There's no way. And the answer to that question is actually in that sound

right there. Listen a little bit closely and you will understand that there is something wrong

with your brain that does not allow you to think at the level that you need to be thinking at.

And here's the crazy thing. In the state of New York for auto loans, we actually do have user

laws that cap them at 25%. This woman is paying 24.49%, which means if we did not have that law,

specifically for people like her who lack all levels of intelligence, don't look at the terms.

See, a $676 monthly payment that takes up two of her checks and thinks, well, I'll just doordash

to afford this car that I originally bought to get to my job that I actually can't afford this

based on the money that I'm making on. Yeah, this is obviously a you problem, an intelligence problem

in that you're lacking set intelligence. And again, how are you not being driven crazy by that

chirping? Again, we're like three minutes into this particular video and I'm already completely

against this woman 100%. And the way that the more perfect union people are talking down to her

is absolutely embarrassing. So first and foremost, this white guy films part of it in his own kitchen

and notice there's no chirping in that kitchen because this guy actually knows how to change a

nine volt battery in his smoke detector. But listen to his verbiage, listen to how he's describing

what happened in this particular scenario and how embarrassing it actually is.

The dealer had put her in a $24,000 loan. The dealer had put Taniko into a loan that was deeply

underwater. The dealer put her into the loan. The dealer did this to her. The dealer signed her

up for this. Again, she has no agency at all whatsoever according to more perfect union because

this is the soft bigotry of absolutely no expectations. And it's absolutely humiliating. And again,

I understand financial literacy big problem in this country. It's something that I try every now

and again to discuss with you guys on this channel. And in fact, I will promote other channels that

go over the stuff so you don't end up in these traps. And by the way, if you are a young military

age male that lives on a military base, you just joined up very often you end up getting suckered

into these bad loans by the car dealerships that are near your base. So again, these principles

should be taught to people at a certain age because obviously they get trapped in these particular

loans. And a lot of them are very unsuspecting and they don't have adults to guide them. But this

woman is an adult. This woman should know better. You should be able to look at the final terms.

And by the way, even if you're 18 years old and you're on that military base, you should be able

to do this as well. But it's more understandable when you're young. But what the hell is her

excuse? Again, she knows of Kelly blue book. She was able to look up the value on blue book

after her accident. All she had to do was look at a prior to her accident and realized that she was

being significantly overcharged for this car. Credit acceptance started calling her and her

grandmother who had been required to coast on the loan. My grandmother just got to the point

where she answered it. Oh, yeah, 28,000 on the car. But we willing to drop it down to 5,000.

And now here it is. She paying $100 a month. Still to this day. Every I think 5th of the month,

they take $100 for her call for it. Guys, you can actually hear the difference in the level of

sound of each of these smoke detectors, which makes me think that there are not two detectors.

There's actually three of them going off simultaneously within a shot of the microphones

that they're using to film this interview. And it's really making it difficult for me to focus

on the substance of this. But I do think the substance is absolutely important and to be clear,

more perfect union does a breakdown of credit acceptance. And essentially what they're trying to

pitch you is that their business model is to get you to sign up for this loan. Then the car gets

repossessed. They end up selling it to another individual on bad terms. The car gets repossessed.

And essentially they're making all their money on the financial penalties that you get for

signing up for these auto loans. Now again, if you want to have a conversation about that,

if you want to talk about deceptive business practices and whether or not that should be legal,

then yeah, we could have that conversation for another day. But the three chirps, they're just too

much. And again, this woman explaining that her mom, an adult, somebody who's older than her,

also co-signed this loan. And yet she's still got a 24.49% interest rate. That's absolute madness.

When you get a co-signer, that's supposed to lower your rate. They said, jerk, joke with your crack

jokes with your whole time. They doing a dirty work behind your back. You don't even know what's

going on. Why do you got one person standing here smiling in your face? And the other one back

and you're typing up the whole thing. So again, this woman really genuinely and truly does not

understand the art of salesmanship at a car dealership. And why it's very important to not get stuck

at the dealership. Say you're going to leave out a certain amount of time, set a deadline for

yourself. Because if you don't do that, they try to make you feel better. They try to talk you up.

They'll even suggest ordering food for you or whatnot. Or maybe you could order food to the dealership

because they're trying to get you to basically feel the sunk cost fallacy. So that way you end up

feeling like you have to purchase a car because you killed your whole day. And of course, this is

all offset by the freaking chirps that are going on while this woman is talking. But to get to the

end point of this particular saga, she decides that she wants them to give her her money back

for this car because the dealership back. I would say pass along because there's no way

she should be able to triple along for a price of a car that's lower than that.

She should be able to give the loan at that price of the car. If that's the car value,

that's the price I should be paying. For myself, I would like my money back.

Now look guys, debt is a big problem in this nation. Automobile debt is a big problem in this nation.

And a lot of people agree to terrible terms on a vehicle, which is one of the reasons why the

average price of said vehicle is so high, especially when you're looking at monthly payments.

That being said, the person that they brought here to be the victim is an idiot.

She's not a victim. She is somebody who is too dumb to function in society. And the way that they're

talking down to her throughout the whole entirety of this more perfect union segment is proof positive

that they understand that as well. The way that they film this interview in her home with that

chirping going on without saying anything shows us that more perfect union has absolutely no

expectations for this woman. And the reason I'm coming down so harsh on her is because I actually

do expect her to function in society. I do expect her to learn from this rather than consistently

play the victim. So yeah, while this credit acceptance organization seems kind of sketch,

and I would avoid financing with them, the fact is you guys really need to look at the terms,

look at your interest rate and realize 24% way too high. I know automobile interest rates are

high right now, and you could end up paying 6% easily, even with good credit. But even in this

market, you never want to pay over 10% because cars are a depreciating asset. And of course,

you don't want the term extended out into all these different various lengthy monthly periods.

If you can't afford the car in three years or four years on a car loan, don't get the car.

Get a cheaper car. What are you even doing? And again, look at the blue book,

look at financing deals, look at everything you need to know before you get into a vehicle like

this. And that way you won't end up in this disaster like this woman. We're more perfect union

is talking down to her like she's a child. Now, it's all I really have for you guys today.

Thank you so much for watching. As per usual, if you like this video, show them by leaving a

like, subscribe for more content. Follow me on my social medias, support me via the support links

in the description of this video. This has been me talking about maybe one of the dumbest

people I've ever seen in one of these segments. Till next time. Till next time.