ilmscore | Owning A Car Just Got 20% MORE Expensive...

Owning A Car Just Got 20% MORE Expensive...

Published: 2024-03-31
Status: Available | Analyzed

Predictions from this Video

Total: 11
Correct: 0
Incorrect: 0
Pending: 11
Unrated: 0
Prediction
Topic
Status
Used car prices are currently lower than they were in the recent past.
"used car prices are significantly lower today than they were just a couple of years ago"
Used Car Prices
Pending
Car insurance costs increased by 20% in 2023 compared to 2022.
"Americans spent an estimated 20% more on car insurance in 2023 than they did in 2022"
Car Insurance Costs
Pending
The 2023 increase in car insurance costs was the largest since 1976.
"that's the largest increase in Insurance since 1976"
Car Insurance Costs
Pending
Car loan costs have increased compared to a few years ago.
"car loans are also a lot more expensive today than they were a couple of years ago"
Car Loans
Pending
Used car prices have decreased by approximately 21% from their peak in 2021.
"used car prices are down about 21% since the 2021 Peak"
Used Car Prices
Pending
The Federal Reserve will implement fewer interest rate cuts in 2024 than initially anticipated.
"the Federal Reserve Bank is going to be less aggressive with their interest rate Cuts in 2024 than what they originally projected"
Federal Reserve Interest Rates
Pending
A record number of Americans are spending over $11,000 monthly on car payments alone.
"a record number of Americans that are paying more than $11,000 a month on just their car payments"
Car Payments
Pending
Car prices are predicted to depreciate annually.
"car prices drop year after year after year"
Car as Liability
Pending
The speaker intends to purchase a slightly used car to avoid new car pricing.
"I'm going to be looking for a slightly used car because I don't want to pay that price for a new car today"
Car Purchase Strategy
Pending
The speaker plans to buy a car outright with cash.
"I'm going to be looking for a car that I can buy with cash"
Car Purchase Strategy
Pending
The speaker is considering a Ford Bronco or likely purchasing a Toyota Highlander.
"the car that I want is a Ford drafter the card that I will probably get is a Toyota Highlander"
Future Car Purchase
Pending