Viral Dealership Video Shows Monthly Car Payments Are Out of Control

The past few years have been one of the worst times to try and purchase a new vehicle in recent memory. Continued supply chain issues have hampered new vehicle production, with dealer stock remaining tight across the country. This has unfortunately created a scenario where once obscenely high prices are a new form of normal, as you can see from this video out of Larry H. Miller Chrysler Jeep Dodge Ram in Surprise, Arizona.

Thanks to a TikTok uploaded by an account associated with the dealership, later shared on Twitter, we get to watch as a strange bragging contest takes place. More specifically, the dealership employees go around flexing their monthly payments as a way to discount complaints about the recent pricing spike. The first large payment we hear about is for a 2022 Ford Raptor, which the dealer employee pays $1325 a month to own. While that payment initially seems rather large for a pickup, the Raptor’s MSRP of $72,350 including destination commands a fairly high payment. If you were to put no money down on a current model year Raptor, Ford estimates that you will be able to finance that truck for 60 months at 5% APR for $1336 a month. Put together the recommended $7,235 down payment, and that price falls back down to $1229. Those prices are naturally dependent on your individual credit, which could see healthy price adjustments in either direction. The same employee also pays $1000 a month for an Expedition. While neither of these prices are particularly egregious, they only serve to warm us up for what is to come.

Another dealer employee then shares the monthly payment on their 2022 Jeep Grand Wagoneer Series III, which totals $1386 per month. As bad as this one sounds, it is important to remember that the range-topping Grand Wagoneer carries a starting price of $109,995. Things don’t get any better as we move to the truck owners, as one employee currently pays $1445 a month for the pleasure of driving a 2022 GMC Sierra 2500 Denali, which carried a base price of just over $72,000 when new. That’s significantly less than the Jeep, but GMC’s current finance options still state that any customer is looking to spend around $1100 a month on one of these trucks, even at just 3.85% APR. The Denali owner also owns a Cadillac CTS-V with a widebody kit installed, which they currently pay $1100 a month to keep in their possession. It is worth noting that the CTS-V was discontinued back in 2019.