Unbelievable how much this video has opened up my eyes. I notice lots of automotive TH-cam channels buying/leasing exotic cars as part of their content for TH-cam and I always thought to myself, how the hell can they afford it. This right here sheds just enough light to make all the pieces come together. Thanks for the for the video!
Well, don't :P There's nothing saying you WILL make money buying a car. You "could" make money with some luck under the right circumstances. You could ofc take the gamble and go for it but there's probably way better gambles you can take :P I'd actually be interested to see how many people try this and fail. Screwing their whole life up.
Why not do a survey and ask us subs if we came for the car? I did not click because of the car. Plus I don’t keep watching for the car. I’m here for you. You provide value, info, you’re relatable, you help other people, you explain things well, I’m learning a lot, I watch everything you put up. Good job keep going. Believe in yourself. It ain’t the car
Tanner you’ve inspired me to start my own FBA business which should be launching within the next two months. I’d really like to see a video on how you keep track of money with excel spreadsheets for tax purposes. This is the part I’m most unfamiliar with and what I consider to be the “scariest” part of starting my own business.
I like how you teach us in a way really life situations that we can potentially go through, thats why I come back to watch your videos, but make more car videos!
If you don't plan to keep the car for more than 2 years, leasing is your best bet for sure. But if you plan to keep the car for more than 5 years, it's probably smarter just to pay cash. I had an opportunity to pick up a new 2017 this month and jumped on it. Only because the dealer offered me a price i could not refuse, which was close to a 27.5% discount off sticker. A new car depreciates in value by ~19% once you drive it off the lot. I could trade it in and break even right now, that's how good of a price i got. I plan to keep this car for more than 5 years, which saves me money over 2-3 lease purchases in a 5 year period. Leasing or renting is probably a smarter choice for the wealthy as they like to make their money work for them, rather than having a liability on their hands. Owning something is usually considered a liability, unless your ownership of a car or house makes you money. -- In regards to tax write-offs, you have to prove that the car is a business expense. I don't know how you'll do that when you work online.
Definitely because of your age and time licensed. I used to pay $177/month for minimum liability insurance on a 2002 Focus when I started driving(full coverage would have been about what you paid) and now pay $70/month for full coverage on a 2013 Veloster.
I'm trying to have a Huracan in the next 5 years! This video helped me realize that I might actually be able to get it a bit sooner than that. I'm documenting my journey on TH-cam as well, so hopefully I'll have it on my channel in the next little while 🔥
Hi Tanner, You are right. Only maths and figures. You are the perfect example which proves that you can buy a luxury car and gain money. You just have to be SMART. Thanks
Tanner, save yourself the tax on the next car by either leasing it or buying/registering it in Montana. Or, figure out a way to buy it here in Oregon...no sales tax and two year licensing is (I believe) $88. Lots of options for buying cars without being raped in California.
Thank you very much for educating us. Not that I may never buy one but it is very interesting to know that it does not sound imposible. I really like your straightforwardness.
thepro08 he has courses on selling on amazon and other stuff he promotes so you take all of that profit and divide by how many subscribers/emails you have and that gives you your customer acquisition cost. He’s not bs-ing dude just educate yourself on this stuff before you throw hate someone’s way. It’s only jealousy why you would hate come on now.
yes he's correct its not youtube ad revenue, i made 30k only from youtube ad revenue in 2017, this is taking into account youtube ad revenue, course sales, affiliate links, etc.
I'm predicting it now (sorry Tanner) someone in 6 months is going to attempt to sue you for "misleading financial advice" about how you should get a lambo to make money😂😂😂
You leased the car. But you can only lease new cars. Wouldn't you have gotten more of a savings had you bought a used model? You would also avoid the initial depreciation hit.
That is a good point ty for the correction. I tend to associate leases with used cars, but you are correct as car dealerships do sell used and certified models with leases. Ok one more thing I noticed. You put in the interest payments you made, but not the principle payments. Shouldn't those also factor into the depreciation? You paid 19782 on this car in payments, but, since the car went down in value, you lost both the payments AND the decrease in value. The subscriber thing is interesting. I think a better way of putting would be that your car converted monetary capital to social capital and you montetized that social capital. IF I bought a flashy car and it improved my own social capital, than yeah that could be a benefit but it might be hard to measure in dollar values alone.
I have no idea why I watched this. I can't even afford to buy a tire for this car. It's amazing that he paid the same amount for insurance that I did for my 2003 ford f250
Passive income stream will pay for a car. Ppl don’t think/realize that. I remember “R.Kyosaki’s” wife owning a Mercedes paid for by her real estate business stated in his book “Rich Dad, Poor Dad.”
When I was younger I tried to convince myself that owning and driving a V10 supercar would cost me 0 USD for maintenance/repairs/tires. In reality not so much. You could have a string of (a couple of) lucky months with zero costs but in real life the cost of owning and driving a supercar is more or less like the sincere and adult advice from Ed Bolian/VINwiki; cost is about 1% of the car's price per month. That is; 100 months of ownership will most likely cost you about as much as you paid for the car. You could hope for appreciation, but that is just speculation. Most likely it will fail. Now just buy your dream supercar and drive it like you stole it, but do not convince yourself that it will be a free ride!
true but my thinking was id have it on any car (although this may have been higher) so I was trying to keep it simple but yeah insurance was around 5k a year!
dang man why sell the huracan? It's better than an aventador. People who own it say its alot bigger and heavier than a huracan and more raw, not really daily drivable.
Thats crazy when a 09-12 gtr is every 6000 miles Mitsubishi Evo's were every 6000 miles, Subaru impreza P1's were every 6000 miles, Still if that's service the schedule then that's pretty awesome and saves $$$
I think the flaw in your logic is now that you have these subscribers and sold the car, they might not have an interest in watching your videos or clicking ad revenue generating links. As you said, you need to keep those people interested for the next year generating ad revenue but you don’t have the car anymore so what you are talking about is hypothetical and might not generate that income for you. The way to properly do this is to track your ad revenue by video and determine how much revenue was generated for the lambo related videos from purchase to the date you sold. That way you can actually determine if you made money. You have some creative logic, I’ll give ya that.
Yeah make the vid. I’m hoping it’s the Aventador SV lol thanks for the info bro! I’m taking on the same challenge your friend is - growing my channel this year. Trying to post daily. I got a bunch of content today. Thanks for everything bro - keep it up!
Hey man, would you would able to talk about how you were able to negotiate the deal with the wrap? Did they offer the lower price or do you bring it up?
The math was making total sense UNTIL you started saying how much money you MADE from purchasing this car. If you really made money from increasing your sales by purchasing a new car, then show us your sales records or revenue increases data...
The most honest youtuber 😊
Unbelievable how much this video has opened up my eyes. I notice lots of automotive TH-cam channels buying/leasing exotic cars as part of their content for TH-cam and I always thought to myself, how the hell can they afford it. This right here sheds just enough light to make all the pieces come together. Thanks for the for the video!
Hey haha!
even if u lost money sometimes you have to treat yourself for the hard work
So the moral of this story is if I buy a lambo, I will make money, ok let’s do it!!!
lol
Well, don't :P There's nothing saying you WILL make money buying a car. You "could" make money with some luck under the right circumstances. You could ofc take the gamble and go for it but there's probably way better gambles you can take :P
I'd actually be interested to see how many people try this and fail. Screwing their whole life up.
You can actually make more money on TH-cam making Sesame Street content for kids. See the trends on Social Blade.
Can ≠ will
lmao
15k for taxes. Wanna guess how much is it here in Finland? It's about 200k so you pay about 400-450k for a new HURACAN.
your welcome for your $32
Lmaoo ..what he said 😒
Damn you have 32 likes also ... 3+2=5 ... 32+5=37 .... 3+7=10 .... 32+10=42 ....4+2=6 .....666 😮😮😮😮😮😮😮😮😮🤯🤯🤯🤯🤯🤯🤯🤯
SolePatrol wtf
Why not do a survey and ask us subs if we came for the car? I did not click because of the car. Plus I don’t keep watching for the car. I’m here for you. You provide value, info, you’re relatable, you help other people, you explain things well, I’m learning a lot, I watch everything you put up. Good job keep going. Believe in yourself. It ain’t the car
Tanner you’ve inspired me to start my own FBA business which should be launching within the next two months. I’d really like to see a video on how you keep track of money with excel spreadsheets for tax purposes. This is the part I’m most unfamiliar with and what I consider to be the “scariest” part of starting my own business.
So bro how is your business going !??
This is the most honest cost of owning an exotic car I've ever seen. Well done Tanner!
Tanner is really transparent yet people have shit to say lmfaoooo
Honesty is admirable. Clear and to the point.
Really appreciate you taking the time to explain and be fully transparent. Much respect to you man
you're videos help me out a ton, I gain more knowledge about business from you than my entrepreneurship class lol
I really don't suscribe to many channels especially random TH-camrs but I like this guy. You remind me of myself!!
I like how you teach us in a way really life situations that we can potentially go through, thats why I come back to watch your videos, but
make more car videos!
If you don't plan to keep the car for more than 2 years, leasing is your best bet for sure. But if you plan to keep the car for more than 5 years, it's probably smarter just to pay cash. I had an opportunity to pick up a new 2017 this month and jumped on it. Only because the dealer offered me a price i could not refuse, which was close to a 27.5% discount off sticker. A new car depreciates in value by ~19% once you drive it off the lot. I could trade it in and break even right now, that's how good of a price i got. I plan to keep this car for more than 5 years, which saves me money over 2-3 lease purchases in a 5 year period. Leasing or renting is probably a smarter choice for the wealthy as they like to make their money work for them, rather than having a liability on their hands. Owning something is usually considered a liability, unless your ownership of a car or house makes you money. -- In regards to tax write-offs, you have to prove that the car is a business expense. I don't know how you'll do that when you work online.
I paid 565$ /month for full coverage on a 2010 Cobalt 😂 The system is broken! Lol
Joshua Rodriguez why are paying that much?? That's more than I pay for full coverage in a highest-risk region of NYC on my V12 BMW 760LI!
No clue! I lived in South West MO, it was when I was 18. Had no prior wrecks. I never realized this wasn't normal honestly. Haha
Joshua Rodriguez HA......YOU GOT FINESSED🤣🤣🤣
TheDinomite360 😂😂👌🏻
Definitely because of your age and time licensed. I used to pay $177/month for minimum liability insurance on a 2002 Focus when I started driving(full coverage would have been about what you paid) and now pay $70/month for full coverage on a 2013 Veloster.
I'm trying to have a Huracan in the next 5 years! This video helped me realize that I might actually be able to get it a bit sooner than that. I'm documenting my journey on TH-cam as well, so hopefully I'll have it on my channel in the next little while 🔥
Hi Tanner,
You are right. Only maths and figures. You are the perfect example which proves that you can buy a luxury car and gain money. You just have to be SMART. Thanks
It’s interesting to know cool people like tanner ride around in a car that’s valued about the same as some real estate properties
Nice video, dude! I subbed, which I rarely do, but you're putting out some really solid content here. Keep up the good work!
but seriously really nice video man, interesting to see these kind of numbers man! also try to build a channel, coming up fast baby!
Thanks for sharing all the numbers, honesty is appreciated. And ofcourse well done, damn, envious!
Subscribed because of this video! This was an excellent video! 🔥
I cant believe it, he actually shows the cost of ownership in the first second of the video. Did you do one for the Aventador?
Yes I did!
Tanner, save yourself the tax on the next car by either leasing it or buying/registering it in Montana. Or, figure out a way to buy it here in Oregon...no sales tax and two year licensing is (I believe) $88. Lots of options for buying cars without being raped in California.
Montana is sketchy then insurance can easily not cover you in an accident, leased the new one
Thank you very much for educating us. Not that I may never buy one but it is very interesting to know that it does not sound imposible. I really like your straightforwardness.
$135k down payment? ha ha cant even afford 6k
Zvmbie u speaking for me also? lol 😂🤣
What some people also forget, you start out with 100% of your lifespan, and it will depreciate daily. You can't take it with you. Live.
If I understood the math after it was all said & done; It cost you $70k to own the Lambo for 11 months. Is that correct?
Quick math of $32/sub means homeboy made ~$2.5 million last year from his subs. Your results may vary (*cough*) but that is damn impressive.
Hahaha yes sir!
thepro08 no it’s just that people on TH-cam are gullible and spend lots of money
thepro08 I suspect the average was skewed way up by the people buying his program. But it’s still a legit way to average.
thepro08 he has courses on selling on amazon and other stuff he promotes so you take all of that profit and divide by how many subscribers/emails you have and that gives you your customer acquisition cost. He’s not bs-ing dude just educate yourself on this stuff before you throw hate someone’s way. It’s only jealousy why you would hate come on now.
yes he's correct its not youtube ad revenue, i made 30k only from youtube ad revenue in 2017, this is taking into account youtube ad revenue, course sales, affiliate links, etc.
Thanks for explaining all the angles, you are a bright young man. Good luck with the next purchase...
Thanks for sharing this info! Very interesting- subscribed
I'm predicting it now (sorry Tanner) someone in 6 months is going to attempt to sue you for "misleading financial advice" about how you should get a lambo to make money😂😂😂
Hey Tanner, yes do a video on the lease vs finance. I’m curious myself since my goal is a Maserati this year.
Eric J. Pearce Don't buy one, Maseratis are extremely unreliable
Texas Tech agreed. They will be a fatass headache.
Hi what about the fuel cost over the year ? That must have been a lot ? Keep up the good work it was a nice car.
Great video and clear brakedown. Keep doing things like this!
You leased the car. But you can only lease new cars. Wouldn't you have gotten more of a savings had you bought a used model? You would also avoid the initial depreciation hit.
You can lease used cars idk what youre talking about. I did buy used
That is a good point ty for the correction.
I tend to associate leases with used cars, but you are correct as car dealerships do sell used and certified models with leases.
Ok one more thing I noticed. You put in the interest payments you made, but not the principle payments. Shouldn't those also factor into the depreciation? You paid 19782 on this car in payments, but, since the car went down in value, you lost both the payments AND the decrease in value.
The subscriber thing is interesting. I think a better way of putting would be that your car converted monetary capital to social capital and you montetized that social capital. IF I bought a flashy car and it improved my own social capital, than yeah that could be a benefit but it might be hard to measure in dollar values alone.
lol i like how tanner always get annoyed in every video when people think the lambo wastes his money but it actually makes him more
leasing is renting, if you wanna rent it and get someone else rich, It's you choice.
Good job, like how you calculated and presented it clearly, everyone can understand it :)
The best tanner fox on yt. Respect. Love ur content keep it up!
I have no idea why I watched this. I can't even afford to buy a tire for this car. It's amazing that he paid the same amount for insurance that I did for my 2003 ford f250
Goals! Haven't launched my first product yet so I need some more goals along the way xD
Passive income stream will pay for a car. Ppl don’t think/realize that. I remember “R.Kyosaki’s” wife owning a Mercedes paid for by her real estate business stated in his book “Rich Dad, Poor Dad.”
When I was younger I tried to convince myself that owning and driving a V10 supercar would cost me 0 USD for maintenance/repairs/tires. In reality not so much. You could have a string of (a couple of) lucky months with zero costs but in real life the cost of owning and driving a supercar is more or less like the sincere and adult advice from Ed Bolian/VINwiki; cost is about 1% of the car's price per month. That is; 100 months of ownership will most likely cost you about as much as you paid for the car. You could hope for appreciation, but that is just speculation. Most likely it will fail. Now just buy your dream supercar and drive it like you stole it, but do not convince yourself that it will be a free ride!
Great information man lots of opportunity cost to look at here, I’ll be going on a similar journey soon
This is awesome, love the uniqueness of your videos! Excited to see what you have for the new whip! ;)
You Went From Huracan to SV to Huracan Real Quick !! Lol Honest Content !! 👍🏼
Please make a video about leasing vs buying etc... Very interested in hearing that!
Who else was subbed before he bought the lambo 🙋♂️
So what car are you buying now?
Genius. I always enjoy your breakdowns. You're very analytical. Have you ever done a personality behavior test? I suspect you are a thinker
Yeah hahaha way towards the thinker side
Insurance is insane, I pay $185 month for my 911 Turbo
You forgot to include insurance cost for the year in your total cost of ownership for the year. Add $6K.
true but my thinking was id have it on any car (although this may have been higher) so I was trying to keep it simple but yeah insurance was around 5k a year!
Got paid 70k to drive a lambo for a year, that is some next level entrepreneur shit
dang man why sell the huracan? It's better than an aventador. People who own it say its alot bigger and heavier than a huracan and more raw, not really daily drivable.
First video Ive seen from you smart guy gained sub
Im actually buying an Aventador in the coming 8 years. I should be able to have about 100k to 200k down.
Im about to enlist into the military and im thinking about purchasing a Lamborghini huracan, do you honestly think i could afford it?
32.86$ per sub... WTF man?? That's an expensive ass sandwich! Thanks for the videos man, you're one of my inspirations to start my crypto channel!
Your breakdown has got you my $32 as well very informative. Thank you
7000 miles without servicing the car thats mental for a lambo. I would of assumed service intervals are set at 6000 miles
Nope you have one at 1000 and the 15000 oul change every 10
Thats crazy when a 09-12 gtr is every 6000 miles Mitsubishi Evo's were every 6000 miles, Subaru impreza P1's were every 6000 miles, Still if that's service the schedule then that's pretty awesome and saves $$$
Awesome man, big props.
which is the biggest dreamer ,the illegal immigrant or the US citizen who wants a lambo?
Smart video. Looking forward to watching the lease video
purcased a ford for 1200 bucks drove 130 000 miles with nothing to fix and got 1200 bucks back..thats the way
good info given..thanks a bunch
You're lucky bro in my country a huracan costs $700,000 and a high mileage(20,000 miles) aventador is $1.3M not joking for real.😭😭
Then make more!
I think the flaw in your logic is now that you have these subscribers and sold the car, they might not have an interest in watching your videos or clicking ad revenue generating links. As you said, you need to keep those people interested for the next year generating ad revenue but you don’t have the car anymore so what you are talking about is hypothetical and might not generate that income for you. The way to properly do this is to track your ad revenue by video and determine how much revenue was generated for the lambo related videos from purchase to the date you sold. That way you can actually determine if you made money.
You have some creative logic, I’ll give ya that.
Great video, thanks.. I’ll be buying a Huracán soon.
This video was very informative, thanks for the info.
Yeah make the vid. I’m hoping it’s the Aventador SV lol thanks for the info bro! I’m taking on the same challenge your friend is - growing my channel this year. Trying to post daily. I got a bunch of content today. Thanks for everything bro - keep it up!
How much were you making a month when you put 135 down? Would you do it again or wait longer??
200k and no id do it again haha
1 oil change in 1 year & 12,000 miles? I'm glad I'm not the guy who bought the car.
bought a 5,000 miles already had an oil change, and youre only suppose to every 7-10k
Tanner J Fox Point taken
Hey man, would you would able to talk about how you were able to negotiate the deal with the wrap? Did they offer the lower price or do you bring it up?
I appreciate the opportunity cost being included
For a second I thought you were the real Tanner Fox 😂
I’m 14 and started fba,I have already made 14k in 2 months,hopefully by the time I’m 16 I could buy a Lambo lol
5% definitely sounds on the conservative end. Can't wait to see the next whip! Were you able to expense any of the depreciation?
100%😏
This is amazing now let’s see your new ride!
What about if you’re not making money off the car? i.e. not being a TH-camr?
Your channel is still underrated though
Thank you for breaking this down to me it sound affordable :)
That much money Per subscriber? Wow, keep the good work up, i hope one day I am a car youtuber
congratulations bro!
Congrats!
Have you thought about acting class, and becoming a professional actor? You seem to have the personality for that.
I wasnt a fan of acting i feel super awkward haha
Years ago I thought about character acting lessons with the Meisner acting method. I still wonder about that.
i did background acting when i was young but wasn't a fan
You just got my $32.86..... subbed , keep up the great content 😎
I love these videos new sub
Well putting 135k down does change a lot of course
I think the Lamborghini plus your personality plus content makes TH-cam subscribers. Am I getting hot?
The math was making total sense UNTIL you started saying how much money you MADE from purchasing this car.
If you really made money from increasing your sales by purchasing a new car, then show us your sales records or revenue increases data...
Done that in other videos multiple times
@@TannerJFoxOfficial what are your courses on? Post a link please
How to sell on amazon here’s a link
www.tannerjfox.com/7figuremachines
That SV is about to be SCARY 😖🔥
An argument with your parents must be great
I'm watching this while looking at buying a prius. :)
Crazy if you sold that car nowadays you would've made a lot of money
Thumbs up...honest video. We wouldnt necessarily do those mods so we d back out 18k
I pay $260 on my 2013 chrysler 300s because I got in an accident 1 year ago.
"I put down 135,000"
So were just gonna act like he didn't skip over that lol ?