I respect the honesty bro i made sure to sub, I got a 1.7% on my 2019 scat got it out the door in Georgia for 35 k and I keep getting tempted to get a cat but financially I can’t justify it seeing you made me feel like I’m doing the right thing congrats on your ride bro and I hope the channel take off to offset the expense ✊🏾
Lol fr like we don't care, if we had the money we whould too. I mean I'll rather build a car then buy one doe but I'll spend 70k Into building a car without a doubt
Dude I have a 6000 Camry I love cars but I know if I invest when I’m young I can enjoy my life later. I have a net worth of 1.8 million in stocks, real estate and gas station. Invest now rather than cry later. Rather than buying something that depreciate in value buy something that will appreciate in value. I’m not hating I wish you the best. And you gotta a TH-cam channel so hopefully you get big and this car gets you to a million subs.
@@lilweezy110 same I’m 20 want a Charger so bad but if I invest the monthly payments from 20 to 40 in a growth stock I’ll have around 2 million dollar .. hope you like your car
@@sendit3251 i hate it but gets the job done but to fill my urges i got an old nb miata for a steal in this market. i know its reliable car and teaching me to drive stick. plus if i want to sell it i will either break even or make money on it.
This is reminding me of when I almost bought a 80,000 truck. They couldn’t find what I wanted so I bought out my 16 bighorn with 25k miles for &26k. What a steal. Buying a new car is best way to waste money. I have so much respect for this dude making this video.
Straight to the point, honest and no bullshit. Respect went 📈 I went through the same thing when I bought my truck at 21. Put 20000 down on a 45k truck, with insurance stupid high. But my interest rate was low and monthly payment with extended warranty included was only 375. I love cars too but now I realize I have to save up for bigger things later on, but at the same time you have to enjoy life.
I respect the honesty mate. God bless you for this video. I showed it to my younger brother & he realized that I wasn't being a hater like his bad crowd was telling him. He saw I legit was just looking out for his best interest. Much appreciated again mate. 🙏🏾
But like he said it’s the love for cars. When you have that passion you willing to do things like this. Plus he’s paying it and probably on time so don’t knock him. We all are different, you only live once . Much respect my guy💯💯
I remember purchasing my Chevy Silverado 1500, Z71 package back in 2015, the base price was 55k but I was able to get the salesman down to 40k when I deposited 8k for a down payment. I was on a 72 month plan with interest rate 3.8%. My monthly payment was $581.97. After the first year of payments I was like, damn... I can't wait to pay this bih off.🤣 To the young brothers watching this video, I would highly recommend getting a used vehicle for your first car and stack your bread up, TJ highlighted a great point at the beginning of this video by stating, unless you really love cars, don't do it.
Respect bro. I bought me a 2017 Mustang GT back in February. It had less than 15K miles and cost me 28K. I scooped it up and did just a couple of mods and let it sit in my garage. It’s not my daily driver and I have been getting calls and emails about selling it because of the chip shortage. But it’s my favorite car for sure. When my crypto investments pan out I’m going to buy me a hellcat for sure. That car is clean brother!!!
I know it's expensive but you only live once. For 23 years old and saving 13K for the down plus getting 9% interest is pretty damn good in my book. I'm 55, married and after raising 2 kids for the last 24 years finally decided 2 years ago to buy my fun car - a 2014 Challenger with only 16K miles, but it's no Hellcat (but I still love it). I would have loved to had a badass car back in my 20's, so enjoy it my friend! Be safe and always check your mirrors before you give it some serious gas :)
@Scotty secretly loves Chryslers or no history. interest really doesn't reflect on the score exactly. its the history of your credit and how thick your credit file is. he is young and don't have much history.
Hey at least your honest bro lol! Love the honesty. I know you have alot of people looking at you and telling you you're crazy for paying that. But at the end of the day, you only live one life you should enjoy it! My goal is a widebody Scat before they quit making them. Gotta keep grinding 💪💪
Props man. I got my shit together but I’m 40. Finally got my scatpack widebody paid 56k. Insurance was the main reason I didn’t get the hellcat. It was 450$ plus the payment which was like 1100 for what I chose. I got my house. Got my wife a new car. Then I did my thing. I’ve got some side income from investments coming in. I would love a cat though.
I get it man...i think most of us car lovers do this once in our life... but you got it man..your already saying how you could have used that money more wisely.. props
Salute to you and your honesty man! For us car enthusiasts, our cars have an intrinsic value that's priceless. When you buy a car like that you're also paying for the ownership experience and everyhing that comes with it. Enjoy these great cars while we got em and while you're young! Liked and subscribed!
Bottom line bro get out of this loan, if you can't refinance for lower sell it. I'd rather see you lose $10k in selling it back then see you lose $34k paying it off
Congrats bro. I understand the 2nd thoughts but your honesty helped alot of people. The transparency is real bro. Enjoy your ride.. park it for 20 yrs and watch the value rise as electric becomes normal. You have a classic on your hands. Smart jump in my opinion. Leave it alone. Keep the value. ✌
Congrats on the purchase - beautiful ride. I just have to say don’t put too many miles on it cause when the novelty wears off in a few years, that payment gonna feel like a ball and chain. Keep your resale as high as possible. I went thru this with a M5 about 12 years ago and wish I had listened to what the old heads were preaching then.
M5 is gonna depreciate like a rock regardless, especially the E60, it’s engine is notorious for mechanical issues. Enjoy your cars, if you can’t afford the depreciation then you can’t afford the car.
@@V8TJ what’s the point of having it if you ain’t driving it tho😂😂 just trade it up in a year or two if you can. Idk.. I just got an 08 M6 (V10) w/ 52,000 miles. Bought it 25.5k cash. Already put 5000 miles in 3 months. Gas is KILLLLLLING me. That 93 is ugly.
This guy is not an idiot…Car has already gone up 10k since he bought it. Sometimes it’s not a bad idea to jump in fearless. Be proud of what made you pull the trigger on that deal
The minute you said 9% interest I had to stop the video and listen again! Hey my man, props on the purchase, your honesty and your channel! BUT there’s probably going to be a HARD LESSON learned here. I can only pray you got a very good extended warranty, too! Purchasing a car like this coupled with an interest rate like THAT tends to keep you “car” poor! I am glad you had 13k to put down… that alone shows grit and determination!
Been rolling HEMIs since '05 bro. I KNOW the feeling! I'm lucky enough to have been successful in enjoying my rides('16 Challenger Hellcat, '20 Redeye Charger). Keep rising young king. May think of visiting a credit union and refinancing your whip bro. Nobody can top their rates.
Not an entirely true blanket statement - though not terrible advice..my local credit unions when I bought my 20 HC WB were higher than what BoA gave me on that car. But they did give my GF a better rate (by .01%) on her Durango we got her shortly after. Ultimately - push the knowledge to shop around (alot) :)
@@jasonbarner8215 that's true. Rates change so often and will only get worse as the market keeps getting tighter and tighter. CUs typically do pretty good on refi's though.
Respect for keeping it honest!✊🏾 I also too did the same thing as a person who’s interested in cars and a person who when they have their mind set on some shit they gone get it done! I wanted an F80 M3 so that’s what I did went out and bought it it was 50k I put 2k down, $924 for car payment and $189 a month for insurance. That ain’t including $60 in gas every few days lmao had the car for about 8 months on top of maintenance and being able to modify the car and have money left over. I couldn’t justify paying that much a month on a car so I had to get rid of. Sold it while the market was up and got something way cheaper. But more power to you bro I know that urge I done said fuck it so many times for cars 😂😂 but you got a new sub bro help you pay for that whip!
I really appreciate the honesty that you have in the video in the importance of not making bad financial decisions and how though you love the car it wasnt the best financial decision. I really hope this message isnt overlooked by viewers. That said I love the car. Sounds amazing
Good for you bro you earned it, nothin but positivity. When I get more money in my pockets I might get something fast but I’m iffy about dodge, Every mechanic I’ve ever had told me they break down quick and it’s random stuff too that shouldn’t break. Engines seem to be bulletproof tho
Bro... $13k down and 9% interest as a first-time buyer, with an approval? You knew your risks and still manage to overcome that. Mad respect for the transparency. That's a sub.
I thought I loved my 19 hellcat but 1500 a month is true love! I'm paying just over a third of that. With under 6k now I'ts hard not to sell it for a couple thousand more (easy) than I paid for it nearly 3 years ago. But I don't want to drive nothing else! Especially now that these cars are the end of true gas powered muscle cars!
Maiin that’s real, I respect you for putting out truths, I will keep supporting you, so you can continue to afford that “Dream Car” I respect that at your age you’re doing things I could only dream of,, I am 60, got a GT500 for a reasonable price about 4 years ago, but I waited on the car for a long time, prices were staying high and I just couldn’t afford to own that n pay my mortgage!! But I saved and got her! Much love!! Great content!!
Thank you for your insight. Just not in the cards for me right now. $1,500 a month for a car? I griped at $330 a month for my truck. Glad it's paid off now. Glad your doing good my man.
Bro, you got a new sub here. Mopars aint cheap they say and appreciate you being real with us on it. However, congrats to you being able to have your car, getting yourself where you are to get it, having the discipline to save the money for the down payment. And kudos for the advice you are giving, such insight from a young man.
Good for you young man! I hope you have a good job with great job security. Good to see you follow your passion. IMO, you have a tremendous car, stay safe!
yo bro u real as hell for letting people know that a big payment for a car aint really worth it unless you making decent money 😔. Thats a clean ass cat tho keep doing what u doin bro
$1300 is my mortgage bro lol I’d still buy that car if my wife let me. I love that dang hellcat. I pay $890 for my truck Awesome car man, take care of it!
This is gonna hurt: 1300 x 72 months + 13k down-payment? Your paying over 100k for a used one my friend. Ouch. No thanks. Appreciate your honesty though.
Man who cares about all the extra stuff. I have nothing but the utmost respect for older guys that talk numbers and what they did in their day. Trust me, it’s not bad to incorporate into your decision, but life is VERY finite, you may not wake up tomorrow, let alone make it into bed tonight. Be safe & responsible in all aspects, BUT ENJOY YOUR LIFE AND GET THE THINGS YOU WANT. I notice most people with negative comments usually have two things in common… 1. They own a shitty car, but always giving financial advice under nice car videos that talk about numbers. 2. They’re older & in my mind they’re just thinking about what they missed out on in their “good ol’ days.” Wether you pay sticker price or 3 times what it cost, if you make the payments & your priorities are in line, ENJOY IT! It’s yours! So happy to see you in something you really want, just subbed & hope to see more of your content soon, brother. Looking into a WideBody cat myself & I really don’t wanna go over $1.1 - $1.2K a month in payments, so this really helped! In a Brand New 19’ GT currently & its honestly more than enough power😂
Facts you got to live life to the fullest! Can’t be worried about the haters and the financial advisors that everyone claims to be and good luck hope you get that hellcat! 🙏🏾💯
It cost to be the boss of the road brotha! I was 18 with a brand new SRT jeep! Now I have my own house, trackhawk and everything I want. Having a big car note at a young age only makes you more resposible. Nothing scares me now! I’m 29 now btw! 🔥🔥 That cat is sick afffff!!! Worth every penny!
My man's car payment is my house payment. I would love to get a scat pack charger but I been without a car payment for a very long time 5+ years.it feels good to have 3 cars all payed for and not having to pay my bank each month anymore at the age of 37.
Congratulations....On your decision homie.....At least you keeping it 100...most folk will always have something to say....like they never did anything outside the norm....but Congratulations doh...
all you gotta know, is a base price for financing a hellcat would be around $1,200 a month, (varies depending on your down payment obviously) if youre a young cat, add a $600-$850 insurance note a month to that aswell. depending on how much you drive the car, add gas to that, thatll be like $150-$400 a month, and thats not even adding tire rotations, buying new tires, oil changes etc. (again depends who you are as a driver.) add all that up thats about $2,000 a month BASE price to be able to afford a BRAND NEW hellcat. point being, take into account other expenses, you better be damn sure youre making about 15k a month to afford that car COMFORTABLY. (without having to break a sweat, or worry about it basically.)
Bro! Keep creating this content! Look at that car as a business investment and not a personal purchase! You can do it! This TH-cam can pay for that car if you’re consistent!
I respect the hustle and the honesty, you saved up your money to do something you wanted for yourself can’t be mad, my biggest thing is that car isn’t a daily driver so I hope you got a beater on the side or work from home
👀 hmm, maybe I’ll stick with the RT version! Lol ! This was a great informative video , definitely answered the questions I’ve had in my head about what it takes to own something like this . It is pretty crazy , but buying a hellcat would be the biggest achievement of my life .
Or just don’t go for a 2020 I recently bought my hellcat for 50k with 20k miles it’s a 2016 a few years older but I saved me some money and was fortunate enough to buy my dream car
Should've try to get Mom, Pops too co-sign for you. 9% is outrageous . These dealers are CROOKS. Great vid kid. You straight up brother. Enjoy your beautiful Hellcat. That thing is a monster.
Naw bro, keep it like it is, don’t “customize” it; Grand Nationals at their time were $24,000 in 1987, now they selling for double, even triple the price. Race your glorious Hellcat every now and then, but keep it in pristine condition. The Hellcats will go up in value in the long run.
You're blessed Brother to be able to afford your dream car. So in the words of the great MJ enjoy yourself.....Young King it my be "Priceless" to you and that what's most important. Peace
massive respect for the way you take constructive criticism in the comments and for being conscious about the financials behind owning a cat. God bless you & may you see success in your life and career 👍🏼❤️
Keep on grinding, Bro, i have a 2017 charger hellcat that i bought in 2018. I have 15k miles on it. My car cost 65k in 2018. I put down 23k down and my monthly is 663 dollars a month for 72 months. But Bro if you enjoy your car, keep on driving.
@@NateandSelena I put 1k down for my 2019 rt and it was only 25k and only 440 a month lol 460 with gap insurance . It ain't a cat but I'll go broke paying 700 plus
I got Hellcat 5 years ago for 52k with 3000 miles on it. Put 6k down and my monthly payment was $600 a month and insurance was $75 a month full coverage. It isn't that expensive if you have great credit and driving record.
@@zachjohnson1 USAA insurance. My 2017 Ram night edition full coverage is $45 month. Zero violations on my record and never have gotten into an accident.
In March of 2021 I got a used 2013 Hyundai Tucson with 12-14% interest (can’t remember which one, both are still high) at the age of 20. By the grace of god, just as they were about to tell me “There’s nothing we can do” a older guy pulled up with it and finally decided to trade it in. I thankfully got a co-sign to help me get the car and I love it. Despite having 95k miles on it the car runs smoothly PLUS the man put sensible upgrades in the car that weren’t factory (touchscreen, backup camera, speakers etc.). The only thing I felt about was that I’m sure it was in a minor accident that I wasn’t told about (I found junkyard writing on the upper chassis beneath the engine bay). Despite everything I’d say the monthly payment of $255.64 for 3 years makes it pretty damn fair. They actually tried to persuade the car back off me a week after I got it cause they most likely could’ve charged more
I love this video. You're being real and pointing out true reality. 👍 I bought a scat pack and paid it off within a year. I can easily walk into a dealership today with my scat and slap down enough cash to walk out with a fully paid for hellcat. I just don't want one bad enough. The paranoia of it possibly being stolen, wrecked, or whatever isn't worth it for me. lol 😆 I ain't meant to have one.
The white is clean, protect it with a crazy wrap and grow the channel. You can turn that payment into a business expense quicker than you’d think. Also consider spending some money to protect the cat man, I just had mine stolen a couple weeks ago, these cars are hotter than ever right now.
Congrats on the whip! You must be making crazy money to justify that on a car rather than investing, as long as you keeping other aspects of your life straight it's all good, enjoy it bruh
Ayy bro props for the honesty. My last car was an RT but even that I couldn’t justify the payments. I’m pushing a new Mazda 3 Turbo now lol but saving 250 a month when you factor payment, gas and insurance. Enjoy the ride and you might get it out your system like I did.
@@Notfast86 I took advantage of the chip shortage so I was actually able to get $4700 just for essentially terminating my lease a year early and selling the car. But yes I went from the RT to my current Mazda 3 Turbo
Brother, not hating just keeping it real with you...... you got robbed, whoever sold you this car over charged you. You should have built your credit before buying this car. Done more research. Right now it's extremely easy to get below 3% interest rate. Your literally going to end up paying more for this car then I am for my 2021 hellcat Durango. Insurance I can't give much advice since it depends on state and even area code
I can help you out a little more brother if you reach out to me. I got a 3% on my hellcat when my credit was 820 and after buying a house and racking up a couple home expense loans it dropped to 720 Still was able to get a 1.8% on my durango hellcat. For a 76 month loan.... in 76 months I'll pay a total of like $2k in interest, but I usually pay my cars off in 2 to 3 years so term means nothing to me. That being said gap insurance is the biggest rip off, depending on your situation it can be like 300 a month for it, the money goes no where towards your principal you literally throwing money away. The purpose for the Gap is like the bank saying you can't afford this but you can Barrow if you insure your loan in case you can't pay. Had you put more money down you'd avoid the gap insurance, if your credit was better you wouldn't even need the gap insurance I always put 1/3 of the car down when buying. Lower payments and no gap insurance.
If you got GAP insurance through your dealer you have been scammed bro, it's not necessary and 9/10 you don't need to secure a loan. But even more importantly you can get GAP insurance after buying a car if you legit want the security
And even if a bank says you can only get this % rate if you get the GAP insurance that's not true, use the % they offered you and shop around. My bank of 10 years to this date will never approve my car loans less then 5%. But I use that to go to other smaller banks or credit unions and they will aggressively compete. The craziest one so far is the less then 2%
Look. I see it this way. in two years. Your not gonna find this car new anymore. And youll be lucky to find a used one after 2023. So dont feel bad for making that decision. Im still trying to figure out how im gonna get mines. Without sinking myself in a hole. And as of now. This is the worse time to buy a used car. But much respect for your honesty. Im preparing myself as well. Because I do want one before they stop making them. And look on the bright side. Its a win, win for you. You got a car you always wanted. And your building your credit score.
Thanks for being honest. My credit was like 890. In 2019 I got a 2017 6k miles. Sticker was $54.9k. I put $27k down @5. Something % interest. Payments were $549 per month. Sucker drinks Hella gas.
@@V8TJ yea especially with 10k miles, which it has now! Go green black hood, brass monkey, fully loade with sunroof! I feel special. But they are bad buys right now with this electric deal coming strong forcing us to accept the future. I need a 4x4 truck since the bad ice storm back in February. Holding back to see how this plays out. Can you imagine? I didn't wanna spend the lil extra for a redeye then, I hate for people seeking them now at those prices!
@@mikeprice8307 Oh yeah that thing is nice for sure! Yeah the market is ridiculous right now but at least they will hold value, maybe even appreciate after dodge goes electric.
You only live once man. Enjoy your purchase. You’re still young. You can make this money up later. That’s a sick car. I just purchased my 2022 Durango srt. Same color as your car. Can’t wait to receive it. No regrets!!
It’s that excitement of getting what you always wanted especially when its you’re 1st new ride. Then that buyers gilt kicks in here n there but congratulations I know the feeling of getting what you wanted. I had a decked out camry that I really wanted color and everything for 41k with gap. 2.49% just to lose it later to hurricane ida lol. Saddest day of my life but gap and insurance took care of me. Was paying 627 a month on that and 334 insurance.
@@bobbyb7672 that’s what he wanted when there’s something you really really want you not gonna let anything stop you from getting it even if you know it’s not smart
Rough estimations here since I don't have actual numbers. If you put $13k down, paying 1200 a month with 9% interest rate your looking at 72 month long loan? In $72 months you will have paid $86,400 + $13,000= $99,400 for the car I don't know what GAP cost you or how you paid it, but your paying over $100k after taxes registration.
To compare what you lost out on had you manipulated your credit, bought new, recieved incentives etc. Hellcat redeye widebody for with all options $91,905- $13,000- $2k (incentive)= $74,905 loan 72 month for 0% $1,035 monthly / $74,905 total 72 months 2.5% (some give 3 months no payments) $1,115 monthly/ $80,305 total You could have literally ordered it and either saved up more money in the 5 to 6 months it takes to be delivered to lower your payment even more and you could have added atleast 50 points to your credit
@@whosJ5 I don't have any social media's lol My advice is don't buy a scat just yet, research your insurance cost, also right now is the absolute worst time to be buying a car with the shortages. Either you buy an overpriced used car or you run the risk of buying a car with missing features. Reason why I'm refusing one of the vechiles I ordered is because it's missing standard features. Basically the prices for scats right now are what hellcats were at before Covid. If you wait you can either get you a better deal on a scat or get you a hellcat for scat prices.
Damn, Bro!! Those numbers you threw out serves as SERIOUS smelling salts, Man!!! I know people tend to forget mentioning the Brembos are $2,000 PER WHEEL not axle when the pads and discs need replacement! Just the nature of The Beast!🔥🔥💯
Check out Racing Brake parts. My dad has a Trackhawk and got a quote for $6000 at the dealer. Was under $3000 for the parts, they work better and have almost no dust. Thanks for breaking this down, was really interesting. I’m 30 am about to order my first new car 2022 F8 green TA widebody 6 speed 6.4L. I love how old school these cars are, and they will soon be gone.
Man I would just love to be able to get an SXT at some point before they stop making them, never mind a Hellcat! You be careful with that thing, don't wrap it around a telephone pole and don't get it stolen. Yikes. Just the thought of owning one stresses me out
"my love for cars, make me forget common sense"🤣🤣. Thats all of us car lovers bro, but my wife would kill me and then divorce me if i spend that on a car🤣. The good thing is these V8 are quickly becoming works of art, so try to take car of it.
I respect the honesty bro i made sure to sub, I got a 1.7% on my 2019 scat got it out the door in Georgia for 35 k and I keep getting tempted to get a cat but financially I can’t justify it seeing you made me feel like I’m doing the right thing congrats on your ride bro and I hope the channel take off to offset the expense ✊🏾
Oh yeah you got a great deal! Thanks for the sub fasho! 🙏🏾💯
Miss those prices!
Facts, I’m about to trade my dart for a Durango asap
Yo that areial atom is crazy tho
Scat is all you need, hell a rt is fine for everyday
Seriously I respect you for talking about the numbers.
So many TH-camrs get weird about it and zip up like car people are going to be judging them.
Yesssirr I got to keep it real with the people
Lol fr like we don't care, if we had the money we whould too. I mean I'll rather build a car then buy one doe but I'll spend 70k Into building a car without a doubt
Congratulations on your car. Im 54 and I couldn’t bring myself to spend that much . But your young why not. Live it up my man
Yesssirr 🙏🏾💯
Dude I have a 6000 Camry I love cars but I know if I invest when I’m young I can enjoy my life later. I have a net worth of 1.8 million in stocks, real estate and gas station. Invest now rather than cry later. Rather than buying something that depreciate in value buy something that will appreciate in value. I’m not hating I wish you the best. And you gotta a TH-cam channel so hopefully you get big and this car gets you to a million subs.
@@lilweezy110 🙏🏾🙏🏾
@@lilweezy110 same I’m 20 want a Charger so bad but if I invest the monthly payments from 20 to 40 in a growth stock I’ll have around 2 million dollar .. hope you like your car
@@sendit3251 i hate it but gets the job done but to fill my urges i got an old nb miata for a steal in this market. i know its reliable car and teaching me to drive stick. plus if i want to sell it i will either break even or make money on it.
This is reminding me of when I almost bought a 80,000 truck. They couldn’t find what I wanted so I bought out my 16 bighorn with 25k miles for &26k. What a steal.
Buying a new car is best way to waste money.
I have so much respect for this dude making this video.
Yessirrr gotta keep it real with the people! 🙏🏾
3:23 Monthly Payment
4:54 Insurance
Thank you, the mumbles were killing my ears
@@scottrose5922 sdfu
Thanks you. Some TH-camrs talk too damn much like we give a shyt…🙄
$1200 a month for a CAR???
@@missmaomi28 don’t forget about the $750 insurance. So that’s $1900/monthly smfh
Straight to the point, honest and no bullshit. Respect went 📈
I went through the same thing when I bought my truck at 21. Put 20000 down on a 45k truck, with insurance stupid high. But my interest rate was low and monthly payment with extended warranty included was only 375. I love cars too but now I realize I have to save up for bigger things later on, but at the same time you have to enjoy life.
Facts! 💯
When its paid off you will have the world at your hands and a nice truck that you wanted
@@8500Rask if it’s not already messed off by then
I respect the honesty mate. God bless you for this video. I showed it to my younger brother & he realized that I wasn't being a hater like his bad crowd was telling him. He saw I legit was just looking out for his best interest. Much appreciated again mate. 🙏🏾
Yesssirrr thanks for watching 🙏🏾💯
This what hellcat owners don’t tell you. Appreciate the info and insight
Yessirrr 🙏🏾💯
But like he said it’s the love for cars. When you have that passion you willing to do things like this. Plus he’s paying it and probably on time so don’t knock him. We all are different, you only live once . Much respect my guy💯💯
Preciate that man! At least somebody understand 🙏🏿💯💯
I remember purchasing my Chevy Silverado 1500, Z71 package back in 2015, the base price was 55k but I was able to get the salesman down to 40k when I deposited 8k for a down payment. I was on a 72 month plan with interest rate 3.8%. My monthly payment was $581.97. After the first year of payments I was like, damn... I can't wait to pay this bih off.🤣
To the young brothers watching this video, I would highly recommend getting a used vehicle for your first car and stack your bread up, TJ highlighted a great point at the beginning of this video by stating, unless you really love cars, don't do it.
Reading this makes me wonder why I’m paying 440 a month for a 26k Nissan Sentra 🧐 also I peep that cole train Pic
Respect bro. I bought me a 2017 Mustang GT back in February. It had less than 15K miles and cost me 28K. I scooped it up and did just a couple of mods and let it sit in my garage. It’s not my daily driver and I have been getting calls and emails about selling it because of the chip shortage. But it’s my favorite car for sure. When my crypto investments pan out I’m going to buy me a hellcat for sure. That car is clean brother!!!
Yessirr you gotta get you one bro! But preciate that! 🙏🏾💯
Thats solid. Got my 18 GT Premium PP1 with 17K miles for 33K around the same time.
Bruh you are the first TH-cam I ever heard tell people don’t do it unless you can afford it, I respect you for that
Gotta keep it real with the people 🙏🏾💯
@@V8TJ most TH-camrs make it seem so simple
I know it's expensive but you only live once. For 23 years old and saving 13K for the down plus getting 9% interest is pretty damn good in my book. I'm 55, married and after raising 2 kids for the last 24 years finally decided 2 years ago to buy my fun car - a 2014 Challenger with only 16K miles, but it's no Hellcat (but I still love it). I would have loved to had a badass car back in my 20's, so enjoy it my friend! Be safe and always check your mirrors before you give it some serious gas :)
Yessirr you only live once! I have two kids as well, that’s wassup man! 🙏🏾💯
@Scotty secretly loves Chryslers or no history. interest really doesn't reflect on the score exactly. its the history of your credit and how thick your credit file is. he is young and don't have much history.
dopest comment, thats real.
Also forgot to mention I’m glad to see someone on TH-cam be honest for once! Keep up the grind!
Yesssirrr got to! 🙏🏾💯
Hey at least your honest bro lol! Love the honesty. I know you have alot of people looking at you and telling you you're crazy for paying that. But at the end of the day, you only live one life you should enjoy it! My goal is a widebody Scat before they quit making them. Gotta keep grinding 💪💪
Yesssirrr I got to keep it real with the people! Preciate the support man! And you’ll get it fasho! 🙏🏾💯
@@V8TJ anytime bro! Glad I came across your channel.
MINE TOO! Early 30s, 2 kids but I'm about to pull the trigger smh.
@@Karmelli yup that's me too lol! I turned 30 in July and 2 kids now with my baby girl born November 1st. It's tough but we can get it !💪💪
Props man. I got my shit together but I’m 40. Finally got my scatpack widebody paid 56k. Insurance was the main reason I didn’t get the hellcat. It was 450$ plus the payment which was like 1100 for what I chose. I got my house. Got my wife a new car. Then I did my thing. I’ve got some side income from investments coming in. I would love a cat though.
Yesssirrr you got the crib and you took care of the wife first, gotta respect that! And you still lit with the scat fasho! 🙏🏾💯
I get it man...i think most of us car lovers do this once in our life... but you got it man..your already saying how you could have used that money more wisely.. props
Yessirr 🙏🏾💯
Salute to you and your honesty man! For us car enthusiasts, our cars have an intrinsic value that's priceless. When you buy a car like that you're also paying for the ownership experience and everyhing that comes with it. Enjoy these great cars while we got em and while you're young! Liked and subscribed!
Big facts! Most people won’t understand 🙏🏾💯
Finally somebody honest and real. Keep doing ur thing homie.
Yesssirr fahso 🙏🏾💯
Bottom line bro get out of this loan, if you can't refinance for lower sell it.
I'd rather see you lose $10k in selling it back then see you lose $34k paying it off
Hes right. Getting a hellcat before your money is really right will set you wayyyy back
Congrats bro. I understand the 2nd thoughts but your honesty helped alot of people. The transparency is real bro. Enjoy your ride.. park it for 20 yrs and watch the value rise as electric becomes normal. You have a classic on your hands. Smart jump in my opinion. Leave it alone. Keep the value. ✌
Yesssirr big facts! 🙏🏾💯
Definitely gone go up in value keep them miles low 💯
Congrats on the purchase - beautiful ride. I just have to say don’t put too many miles on it cause when the novelty wears off in a few years, that payment gonna feel like a ball and chain. Keep your resale as high as possible. I went thru this with a M5 about 12 years ago and wish I had listened to what the old heads were preaching then.
Yeah I’ll try not to drive it so much! Preciate that tho man 💯🙏🏾
M5 is gonna depreciate like a rock regardless, especially the E60, it’s engine is notorious for mechanical issues.
Enjoy your cars, if you can’t afford the depreciation then you can’t afford the car.
I put 48k miles on my car in 2 years it’s still worth 65k and I paid $54,000 out the door for a brand new 2019 charger hellcat
@@V8TJ what’s the point of having it if you ain’t driving it tho😂😂 just trade it up in a year or two if you can. Idk.. I just got an 08 M6 (V10) w/ 52,000 miles. Bought it 25.5k cash. Already put 5000 miles in 3 months. Gas is KILLLLLLING me. That 93 is ugly.
Drive the car you paid so much for enjoy it I know she fast 💨
This guy is not an idiot…Car has already gone up 10k since he bought it. Sometimes it’s not a bad idea to jump in fearless. Be proud of what made you pull the trigger on that deal
Yesssirrr 🙏🏾💯
Mane Im glad i choose a 2021 v6 with 2 Miles down instead of the scat. It's levels to this bro. You get what you can afford 🤝
You still lit wit dat but you right fasho 🙏🏾💯
@@V8TJ yes sir. I'm move up next year or 2 but yeah all the trims dope
Never tell another man you chose the V6 over a V8 no matter what... just get a earlier year with a few miles on it.
@@armandsmith1027 huh? Its that serious?
Respect
The minute you said 9% interest I had to stop the video and listen again! Hey my man, props on the purchase, your honesty and your channel! BUT there’s probably going to be a HARD LESSON learned here. I can only pray you got a very good extended warranty, too! Purchasing a car like this coupled with an interest rate like THAT tends to keep you “car” poor! I am glad you had 13k to put down… that alone shows grit and determination!
Yeah 9% is crazy but I got a new car check out my latest video! I got a way better deal 🙏🏾💯
I got 20% 🤕🔫
On god
They screwed him royally, God bless this young man
They gave me a 8% interest rate on a 36k loan I was putting 15k down so 51k in total I walked away 2020 392 Daytona 2k miles
Been rolling HEMIs since '05 bro. I KNOW the feeling! I'm lucky enough to have been successful in enjoying my rides('16 Challenger Hellcat, '20 Redeye Charger). Keep rising young king. May think of visiting a credit union and refinancing your whip bro. Nobody can top their rates.
Charger redeye 🔥😮💨but I just bought another car so I’ll refinance in a few months!
Been riding w hemi since 2016 my first truck 04 ram 5.7 hemi at age 12 bought that ho for 4k
Not an entirely true blanket statement - though not terrible advice..my local credit unions when I bought my 20 HC WB were higher than what BoA gave me on that car. But they did give my GF a better rate (by .01%) on her Durango we got her shortly after. Ultimately - push the knowledge to shop around (alot) :)
@@jasonbarner8215 that's true. Rates change so often and will only get worse as the market keeps getting tighter and tighter. CUs typically do pretty good on refi's though.
Glad you actually giving accurate numbers, people see a price online but don't take into account taxes, it really be expensive
Facts!
Respect for keeping it honest!✊🏾 I also too did the same thing as a person who’s interested in cars and a person who when they have their mind set on some shit they gone get it done! I wanted an F80 M3 so that’s what I did went out and bought it it was 50k I put 2k down, $924 for car payment and $189 a month for insurance. That ain’t including $60 in gas every few days lmao had the car for about 8 months on top of maintenance and being able to modify the car and have money left over. I couldn’t justify paying that much a month on a car so I had to get rid of. Sold it while the market was up and got something way cheaper. But more power to you bro I know that urge I done said fuck it so many times for cars 😂😂 but you got a new sub bro help you pay for that whip!
Yesssirr finally somebody that understands! Preciate that sub bro 🙏🏾💯
@@V8TJ you already know bro!
how u get 189 insurance ?
@@elitegamerjay9169 Yeah that $189 insurance gotta be cap.
What score was ur credit
Like how you got straight to the point
Fasho! Thanks for watching 🙏🏾💯
We are all car guys, bro. We get it. Sweet car man! Don’t change a thing!
Glad someone understands! Preciate that and thanks for watching! 🙏🏾💯
I really appreciate the honesty that you have in the video in the importance of not making bad financial decisions and how though you love the car it wasnt the best financial decision. I really hope this message isnt overlooked by viewers. That said I love the car. Sounds amazing
Yeah I had to keep it real with the people! Thanks for watching though! 💯
YOU CAN ALWAYS REFINANCE! ENJOY IT BRO. LIFE IS TOO SHORT. IF IT MAKES YOU HAPPY AND IS WITHIN YOUR MEANS THEN GO FOR IT.
Yesssirrr 🙏🏾💯
Please refinance if you can
Good for you bro you earned it, nothin but positivity.
When I get more money in my pockets I might get something fast but I’m iffy about dodge, Every mechanic I’ve ever had told me they break down quick and it’s random stuff too that shouldn’t break. Engines seem to be bulletproof tho
Bro... $13k down and 9% interest as a first-time buyer, with an approval? You knew your risks and still manage to overcome that. Mad respect for the transparency.
That's a sub.
Yessssirrr preciate the support 🙏🏾💯
Respect. You work hard you can play hard. Keep up the grind my bro 🙏🏾👌🏾
Yessirrr 💯💯
I thought I loved my 19 hellcat but 1500 a month is true love! I'm paying just over a third of that. With under 6k now I'ts hard not to sell it for a couple thousand more (easy) than I paid for it nearly 3 years ago. But I don't want to drive nothing else! Especially now that these cars are the end of true gas powered muscle cars!
Don’t sell! It’ll be worth a lot more in a few years 🙏🏾
Maiin that’s real, I respect you for putting out truths, I will keep supporting you, so you can continue to afford that “Dream Car” I respect that at your age you’re doing things I could only dream of,, I am 60, got a GT500 for a reasonable price about 4 years ago, but I waited on the car for a long time, prices were staying high and I just couldn’t afford to own that n pay my mortgage!! But I saved and got her! Much love!! Great content!!
Nice car! 🔥🔥 I love those GT500s. Thanks for the support and thanks for watching also! 🙏🏾
Thank you for your insight. Just not in the cards for me right now. $1,500 a month for a car? I griped at $330 a month for my truck. Glad it's paid off now. Glad your doing good my man.
Yessirr preciate that man 🙏🏾
Bro, you got a new sub here. Mopars aint cheap they say and appreciate you being real with us on it. However, congrats to you being able to have your car, getting yourself where you are to get it, having the discipline to save the money for the down payment. And kudos for the advice you are giving, such insight from a young man.
Yesssirr! Thanks for the support! 💯💯
Good for you young man! I hope you have a good job with great job security. Good to see you follow your passion. IMO, you have a tremendous car, stay safe!
Preciate that man 🙏🏾💯
My dude I have so much respect for you. You came toward as man and telling people the truth! You took responsibility for your actions. Enjoy
Yesssirr got to keep it real with the people! 🙏🏾💯
@@V8TJ Thank you for your respect and words of advise. Real respect
Mann these cars now a days are an investment. U can flip it and then som in return. Keep grinding bro🤝
Big facts! And fasho bruh 🙏🏾💯
yo bro u real as hell for letting people know that a big payment for a car aint really worth it unless you making decent money 😔. Thats a clean ass cat tho keep doing what u doin bro
$1300 is my mortgage bro lol
I’d still buy that car if my wife let me. I love that dang hellcat.
I pay $890 for my truck
Awesome car man, take care of it!
Yessirr you gotta get one but what the wife says goes! 😂 Thanks for watching tho 🙏🏾💯
This is gonna hurt: 1300 x 72 months + 13k down-payment? Your paying over 100k for a used one my friend. Ouch. No thanks. Appreciate your honesty though.
Purchased a 70 Cuda it's White too, in 2014 paid off now, but it's worth 3 times what I paid. But you only live once get what makes you smile.
Happy for you bro. Do what makes you feel happy. You only live once
Yesssirrr 🙏🏾💯
Man who cares about all the extra stuff. I have nothing but the utmost respect for older guys that talk numbers and what they did in their day. Trust me, it’s not bad to incorporate into your decision, but life is VERY finite, you may not wake up tomorrow, let alone make it into bed tonight. Be safe & responsible in all aspects, BUT ENJOY YOUR LIFE AND GET THE THINGS YOU WANT. I notice most people with negative comments usually have two things in common…
1. They own a shitty car, but always giving financial advice under nice car videos that talk about numbers.
2. They’re older & in my mind they’re just thinking about what they missed out on in their “good ol’ days.”
Wether you pay sticker price or 3 times what it cost, if you make the payments & your priorities are in line, ENJOY IT! It’s yours!
So happy to see you in something you really want, just subbed & hope to see more of your content soon, brother. Looking into a WideBody cat myself & I really don’t wanna go over $1.1 - $1.2K a month in payments, so this really helped! In a Brand New 19’ GT currently & its honestly more than enough power😂
Facts you got to live life to the fullest! Can’t be worried about the haters and the financial advisors that everyone claims to be and good luck hope you get that hellcat! 🙏🏾💯
It cost to be the boss of the road brotha! I was 18 with a brand new SRT jeep! Now I have my own house, trackhawk and everything I want. Having a big car note at a young age only makes you more resposible. Nothing scares me now! I’m 29 now btw! 🔥🔥
That cat is sick afffff!!! Worth every penny!
💯💯💯
Yesssirr that track hawk the real deal! Preciate that tho man 🙏🏾💯
Hellcat doesn’t make you a boss on the road 🤣🤣🤣🤣 maybe the titanic of the sea with that heavy slow shit
@@jamiebaker5358 you must want a hellcat the way you comment on every video about one
@@brensen2 no but I’ll own it with my 5.0
My man's car payment is my house payment. I would love to get a scat pack charger but I been without a car payment for a very long time 5+ years.it feels good to have 3 cars all payed for and not having to pay my bank each month anymore at the age of 37.
Congratulations....On your decision homie.....At least you keeping it 100...most folk will always have something to say....like they never did anything outside the norm....but Congratulations doh...
Preciate that man fasho 🙏🏾💯
all you gotta know, is a base price for financing a hellcat would be around $1,200 a month, (varies depending on your down payment obviously)
if youre a young cat, add a $600-$850 insurance note a month to that aswell.
depending on how much you drive the car, add gas to that, thatll be like $150-$400 a month, and thats not even adding tire rotations, buying new tires, oil changes etc. (again depends who you are as a driver.)
add all that up thats about $2,000 a month BASE price to be able to afford a BRAND NEW hellcat. point being, take into account other expenses, you better be damn sure youre making about 15k a month to afford that car COMFORTABLY. (without having to break a sweat, or worry about it basically.)
Bro! Keep creating this content! Look at that car as a business investment and not a personal purchase! You can do it! This TH-cam can pay for that car if you’re consistent!
Yesssirr that’s the plan! 🙏🏾💯
You a real one for that first 60 seconds, a lot of young dudes our age needed to hear that
Facts 💯
Lol thanks for the honesty brother, I put $25,000 down for my Stinger only financed $15,000 the total for the car was $40,000
Shesshhh you put down a big bag fasho! 💸💸
I respect the hustle and the honesty, you saved up your money to do something you wanted for yourself can’t be mad, my biggest thing is that car isn’t a daily driver so I hope you got a beater on the side or work from home
Oh yeah facts! This is not my daily 😂💯
👀 hmm, maybe I’ll stick with the RT version! Lol ! This was a great informative video , definitely answered the questions I’ve had in my head about what it takes to own something like this . It is pretty crazy , but buying a hellcat would be the biggest achievement of my life .
Nothing wrong with an RT brother! 🙏🏾💯
Lol I'll roll with the V6 & put the Scat Pack wheels on it.. haha
Or just don’t go for a 2020 I recently bought my hellcat for 50k with 20k miles it’s a 2016 a few years older but I saved me some money and was fortunate enough to buy my dream car
Thanks for posting this I don’t want a hellcat anymore I’m good off my Honda Civic paying $260 monthly and $350 every 6 months for insurance 😂😂😂
Ain’t nothing wrong with that 😂😂
Should've try to get Mom, Pops too co-sign for you. 9% is outrageous . These dealers are CROOKS. Great vid kid. You straight up brother. Enjoy your beautiful Hellcat. That thing is a monster.
Yeah 9% is high but that’s going to get refinanced ASAP! Preciate that tho man 🙏🏾💯
Can’t help but respect the honesty. Too many people BS’ing on here about finances.
Facts! 💯
Naw bro, keep it like it is, don’t “customize” it; Grand Nationals at their time were $24,000 in 1987, now they selling for double, even triple the price. Race your glorious Hellcat every now and then, but keep it in pristine condition. The Hellcats will go up in value in the long run.
You right fasho 💯 Anything I do to my car will be reversible so I’ll always be able to put it back stock.
Definitely,a decade from now you should be able to double what you paid for if you keep it low mileage. Nice car bro!
@@1986hvwchampion facts! Preciate it fasho 🙏🏾💯
Yeah but the difference is those cars engines last forever these newer cars are literally built to die after a certain amount of time.
@@frostedbuds facts!
Most transparent potna on TH-cam we usually gotta watch these TH-camrs gimmicks for 20 mins for the sauce - appreciate it gang
Yessirr gotta get straight to the point! Preciate you for watching 🙏🏾💯
I never like to pay more than $500 a month for a car but that’s just me hellcats are the best sounding car out there that ain’t a supercar
You're blessed Brother to be able to afford your dream car. So in the words of the great MJ enjoy yourself.....Young King it my be "Priceless" to you and that what's most important. Peace
Yessirrr 🙏🏾💯
massive respect for the way you take constructive criticism in the comments and for being conscious about the financials behind owning a cat. God bless you & may you see success in your life and career 👍🏼❤️
Yesssirr preciate that 🙏🏾💯
shi 700 900 better than me. Them folks want 1300 from me. I’m 19 🙃. I respect you for making this video 💯.
Fasho! Thanks for watching! 🙏🏾💯
Keep on grinding, Bro, i have a 2017 charger hellcat that i bought in 2018. I have 15k miles on it. My car cost 65k in 2018. I put down 23k down and my monthly is 663 dollars a month for 72 months. But Bro if you enjoy your car, keep on driving.
Yesssirrr 🙏🏾💯
Wtf ?? 23k down and 663 a month ?? That’s robbery at its finest in my opinion but that’s cool
@@DavidGonzalez-xm8qh frfr I would just do 6k down and pay 800 ish
23k down 🤣🤣🤣🤣🤣 sorry bro at the end of the day ur wasting money on a car I love cars but I ant spending more then 450 a month for what I want 🤣
@@NateandSelena I put 1k down for my 2019 rt and it was only 25k and only 440 a month lol 460 with gap insurance . It ain't a cat but I'll go broke paying 700 plus
Great 👍🏾 intro! This might be the realest videos I seen in 2022!
Yessirr thanks for watching! 🙏🏾💯
I got Hellcat 5 years ago for 52k with 3000 miles on it. Put 6k down and my monthly payment was $600 a month and insurance was $75 a month full coverage. It isn't that expensive if you have great credit and driving record.
Facts! 🙏🏾💯
$75/month insurance, I definitely call bullshit on that
@@zachjohnson1 USAA insurance. My 2017 Ram night edition full coverage is $45 month. Zero violations on my record and never have gotten into an accident.
I don’t believe the $75 a month though
@@delvingreen1564 $75 a month. USAA. FACTS. My wife is a veteran. Get the best deals just like VA the loan on our house
In March of 2021 I got a used 2013 Hyundai Tucson with 12-14% interest (can’t remember which one, both are still high) at the age of 20. By the grace of god, just as they were about to tell me “There’s nothing we can do” a older guy pulled up with it and finally decided to trade it in. I thankfully got a co-sign to help me get the car and I love it. Despite having 95k miles on it the car runs smoothly PLUS the man put sensible upgrades in the car that weren’t factory (touchscreen, backup camera, speakers etc.). The only thing I felt about was that I’m sure it was in a minor accident that I wasn’t told about (I found junkyard writing on the upper chassis beneath the engine bay). Despite everything I’d say the monthly payment of $255.64 for 3 years makes it pretty damn fair. They actually tried to persuade the car back off me a week after I got it cause they most likely could’ve charged more
I love this video. You're being real and pointing out true reality. 👍
I bought a scat pack and paid it off within a year. I can easily walk into a dealership today with my scat and slap down enough cash to walk out with a fully paid for hellcat. I just don't want one bad enough. The paranoia of it possibly being stolen, wrecked, or whatever isn't worth it for me. lol 😆 I ain't meant to have one.
Thanks for watching! 🙏🏾💯 I sleep good at night knowing mine is in a garage. 😂😂
We all appreciate your honesty and transparency. Liking the vid to help the algorithm
Yessirr preciate the support 🙏🏾💯
The white is clean, protect it with a crazy wrap and grow the channel. You can turn that payment into a business expense quicker than you’d think. Also consider spending some money to protect the cat man, I just had mine stolen a couple weeks ago, these cars are hotter than ever right now.
Oh yeah that’s the plan! But dang man sorry to hear that, I’ll be buying some theft prevention products soon 🙏🏾💯
I’m 44 years old and been at my job for 15 years I still can’t afford no hell cat . I’m actually happy for you and your new car congratulations
Preciate that brother 🙏🏾💯
Tell you what, when the struggle gets real, it feels better to cry in a hellcat than a 20 year old civic
Facts 😂😂
I'll cry in the Honda because I know it's paid for 😂
But no one brags about crying in a honda 🤷♂️
Lmfao
Congrats on the whip! You must be making crazy money to justify that on a car rather than investing, as long as you keeping other aspects of your life straight it's all good, enjoy it bruh
Yessirrr 🙏🏾
Ayy bro props for the honesty. My last car was an RT but even that I couldn’t justify the payments. I’m pushing a new Mazda 3 Turbo now lol but saving 250 a month when you factor payment, gas and insurance. Enjoy the ride and you might get it out your system like I did.
Nice bro. I just got me the 2021 Mazda 3 as well premium. An 3 olds skools on the side
@@deeson8818 there you go bro! I was impressed w the Mazda interior, it’s pretty clean!
@@childum yeah it does an the safety features as well. Good quality naturally aspirated car an doesn't loose value like most.
If you don’t mind sharing, you traded in the R/T for what you currently have?
@@Notfast86 I took advantage of the chip shortage so I was actually able to get $4700 just for essentially terminating my lease a year early and selling the car. But yes I went from the RT to my current Mazda 3 Turbo
I respect you bruh telling people to stand on business before materialistic things.
Yessirr gotta keep it real with the people! 🙏🏾💯
Imma subscribe tho to get my boy his money back 😂
😂😂
It’s people in Miami paying 4-700 a day for a Scat or Hellcat rental yours doing a good job owning it gangg 💯💯
Yessirrr 🙏🏾💯
Ok, I believe his parents are on the loan and thus they insured it keeping his insurance payments low.
9% interest isn’t bad at all considering his age……… Love your Life King, as they say: “You Only Love Once‼️”
Yesssirrr 🙏🏾💯
Just sold my wide body two weeks ago, great time to get out those cars homie! 💯🏁
Yeah you right for sure 💯
Subbed 3 minutes into the video man. really appreciate your honesty. very refreshing and informative video. keep it up and enjoy that ride brother
I got to keep it real with the people and yessirrr 💯💯
Brother, not hating just keeping it real with you...... you got robbed, whoever sold you this car over charged you.
You should have built your credit before buying this car. Done more research. Right now it's extremely easy to get below 3% interest rate.
Your literally going to end up paying more for this car then I am for my 2021 hellcat Durango.
Insurance I can't give much advice since it depends on state and even area code
I can help you out a little more brother if you reach out to me.
I got a 3% on my hellcat when my credit was 820 and after buying a house and racking up a couple home expense loans it dropped to 720
Still was able to get a 1.8% on my durango hellcat. For a 76 month loan.... in 76 months I'll pay a total of like $2k in interest, but I usually pay my cars off in 2 to 3 years so term means nothing to me.
That being said gap insurance is the biggest rip off, depending on your situation it can be like 300 a month for it, the money goes no where towards your principal you literally throwing money away.
The purpose for the Gap is like the bank saying you can't afford this but you can Barrow if you insure your loan in case you can't pay.
Had you put more money down you'd avoid the gap insurance, if your credit was better you wouldn't even need the gap insurance I always put 1/3 of the car down when buying.
Lower payments and no gap insurance.
If you got GAP insurance through your dealer you have been scammed bro, it's not necessary and 9/10 you don't need to secure a loan.
But even more importantly you can get GAP insurance after buying a car if you legit want the security
And even if a bank says you can only get this % rate if you get the GAP insurance that's not true, use the % they offered you and shop around.
My bank of 10 years to this date will never approve my car loans less then 5%.
But I use that to go to other smaller banks or credit unions and they will aggressively compete.
The craziest one so far is the less then 2%
Look. I see it this way. in two years. Your not gonna find this car new anymore. And youll be lucky to find a used one after 2023. So dont feel bad for making that decision. Im still trying to figure out how im gonna get mines. Without sinking myself in a hole. And as of now. This is the worse time to buy a used car. But much respect for your honesty. Im preparing myself as well. Because I do want one before they stop making them. And look on the bright side. Its a win, win for you. You got a car you always wanted. And your building your credit score.
Yesssirr the market is crazy right now 🙏🏾
Thanks for being honest. My credit was like 890. In 2019 I got a 2017 6k miles. Sticker was $54.9k.
I put $27k down @5. Something % interest. Payments were $549 per month. Sucker drinks Hella gas.
That’s wassup bro, you’ll be lucky to find a 2017 for less than 65k in this market🤦🏿♂️
@@V8TJ yea especially with 10k miles, which it has now! Go green black hood, brass monkey, fully loade with sunroof! I feel special. But they are bad buys right now with this electric deal coming strong forcing us to accept the future. I need a 4x4 truck since the bad ice storm back in February. Holding back to see how this plays out. Can you imagine? I didn't wanna spend the lil extra for a redeye then, I hate for people seeking them now at those prices!
@@mikeprice8307 Oh yeah that thing is nice for sure! Yeah the market is ridiculous right now but at least they will hold value, maybe even appreciate after dodge goes electric.
890?
@@hiramrosajr8231 yea it was like 4 attempts I believe all revolved that area
You only live once man. Enjoy your purchase. You’re still young. You can make this money up later. That’s a sick car. I just purchased my 2022 Durango srt. Same color as your car. Can’t wait to receive it. No regrets!!
Yesssirr finally someone that understands! And congrats on the Durango SRT 🙏🏾💯
Yessir 🔥🔥🔥🔥🔥 thank you for keeping it real with people
Oh yeah fasho, got to 🙏🏾💯
$1600/month plus gas .. thats like $1800/mon ... Thats a beautiful home for that payment
It’s that excitement of getting what you always wanted especially when its you’re 1st new ride. Then that buyers gilt kicks in here n there but congratulations I know the feeling of getting what you wanted. I had a decked out camry that I really wanted color and everything for 41k with gap. 2.49% just to lose it later to hurricane ida lol. Saddest day of my life but gap and insurance took care of me. Was paying 627 a month on that and 334 insurance.
Dang man that’s crazy 🤦🏿♂️ but preciate that tho bro 🙏🏾💯
You paid $1,000 a month for a Camry? 😬🤷🏾♂️🤦🏾♂️
@@bobbyb7672 that’s what he wanted when there’s something you really really want you not gonna let anything stop you from getting it even if you know it’s not smart
Why is the camry so expensive?
@@georgedinh1401 well the Camry is quite over priced rn because of this chip shortage all Toyotas are very expensive
Sweet💃🏿💃🏿💃🏿💃🏿💃🏿💃🏿💯Leave it ALL WHITE, but add a little pop to it
Good idea! 🙏🏾
Rough estimations here since I don't have actual numbers.
If you put $13k down, paying 1200 a month with 9% interest rate your looking at 72 month long loan?
In $72 months you will have paid $86,400 + $13,000= $99,400 for the car
I don't know what GAP cost you or how you paid it, but your paying over $100k after taxes registration.
To compare what you lost out on had you manipulated your credit, bought new, recieved incentives etc.
Hellcat redeye widebody for with all options
$91,905- $13,000- $2k (incentive)= $74,905 loan
72 month for 0%
$1,035 monthly / $74,905 total
72 months 2.5% (some give 3 months no payments)
$1,115 monthly/ $80,305 total
You could have literally ordered it and either saved up more money in the 5 to 6 months it takes to be delivered to lower your payment even more and you could have added atleast 50 points to your credit
Yo what’s your Instagram or something u are a smart guy I wanna reach out , I’m 19. gonna be buying a scat soon i need some advice
@@whosJ5 I don't have any social media's lol
My advice is don't buy a scat just yet, research your insurance cost, also right now is the absolute worst time to be buying a car with the shortages. Either you buy an overpriced used car or you run the risk of buying a car with missing features. Reason why I'm refusing one of the vechiles I ordered is because it's missing standard features.
Basically the prices for scats right now are what hellcats were at before Covid. If you wait you can either get you a better deal on a scat or get you a hellcat for scat prices.
Damn, Bro!! Those numbers you threw out serves as SERIOUS smelling salts, Man!!! I know people tend to forget mentioning the Brembos are $2,000 PER WHEEL not axle when the pads and discs need replacement! Just the nature of The Beast!🔥🔥💯
Oh yeah Brembos are not cheap! 😬
Check out Racing Brake parts. My dad has a Trackhawk and got a quote for $6000 at the dealer. Was under $3000 for the parts, they work better and have almost no dust.
Thanks for breaking this down, was really interesting. I’m 30 am about to order my first new car 2022 F8 green TA widebody 6 speed 6.4L. I love how old school these cars are, and they will soon be gone.
@@austinaubinoe thanks for the info man I’ll check them out for sure! And yesssirr congrats! 🙏🏾💯
Bro I’ll be honest 9% is awful! Get the refinanced after a year.
9% is high for sure!
Yeah bad for the amount of the car loan that 9 percent adds up
I love how you made your bed and not making any excuses 💯
Yesssirrr 💯💯
How are people getting approved for these loans? Insanity!
Credit can get you anything 😂💯
fu@k what everyone says “ i pay that 1200 a month w a smile on my face” keep doing your thing. stay blessed.
Yessirrr 🙏🏾💯
Man I would just love to be able to get an SXT at some point before they stop making them, never mind a Hellcat! You be careful with that thing, don't wrap it around a telephone pole and don't get it stolen. Yikes. Just the thought of owning one stresses me out
You will bro just work hard and manifest it and I promise you it will happen. 💯
Had a sxt it ain’t worth it get at least a rt
@@ay33773 yea at least an rt the v6 is way too small for this car
"my love for cars, make me forget common sense"🤣🤣. Thats all of us car lovers bro, but my wife would kill me and then divorce me if i spend that on a car🤣. The good thing is these V8 are quickly becoming works of art, so try to take car of it.
Yessirr finally someone that understands 😂