HOW I GOT A 88K C8 CORVETTE at 22 YEARS OLD || Monthly Cost, Down Payment, Credit, Insurance
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- เผยแพร่เมื่อ 28 ก.ย. 2024
- MAY ALL PRAISE BE TO THE MOST HIGH. WITHOUT GOD I AM NOTHING AT ALL
ROAD TO 10K SUBS!!
BUYING MY DREAM C8 CORVETTE AT 22
• TAKING DELIVERY OF MY ...
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📸 / iam.jrod
I'm getting a C8 as soon as I figure out how to fit an air mattress in there. It'll be my car & a place to live!
man you snapped with this one. i’m 22 as well and just bought a 2017 2SS fifty anniversary camaro. Excellent credit and a healthy downpayment to combat interest is a must. i pay like $580 with insurance combined. Car is like 27k got it during winter🙏🏾
Drop some content bro I’ll tune in 🤞🏾
Taking a 72 month loan on a for fun car is not the best financial decision. With the prices of C8s falling and interest rates set to be lowered this year, you could have saved thousands in total interest and lower purchase price if you wait a bit. That said I also made the decision to buy one, although I choose to pay cash. Gotta enjoy the big NA V8s before they are gone lol.
I got impatient brother but I do agree! Thanks for the comment
@@jrod.717 Great acquisition. I echo @martinzhang5533 thoughts so I won't beat a dead horse. Sounds like you are financially astute but please invest in your future if you haven't already by taking advantage of a roth IRA especially at your young age. I get it. Cars (depreciating assets) can be intoxicating at any age (I'm 56 and retired) but they will consume your current resources at the cost cost of future financial investments. Enjoy your C8. I'm upgrading to an E-ray later this year.
cant you just refinance down the line?
Your young enjoy it bro soon you will be married with kids and won't be able to get toys like this!!You only live once
I’m writing this comment at the begging of the video, but if he could comfortably afford it. Then I think he’s fine. Honestly you only live once, if he keeps Jesus first and really likes the car. And if he’s able to afford it I see no issue. I’ve spend lots of money into a turbo civic, and I’ll never be able to get out what I’ve put back into it. But I enjoy it, it brings me joy and sometimes in life you just gotta say whatever and do the stuff that makes you happy.
Honestly CPO is better than brand spanking new these days. You save quite a bit from losing on depreciation, and still enjoy a basically new car.
We think alike for sure 🤝🏾 save like 10k off the sticker and still have a 100k mile powertrain warranty
@@jrod.717 for sure bro, good move on that. I see too often my friends wants a 0 mileage car, just to drive off the lot and lose $10-$15K lol. I've seen some CPO Vettes and BMW M3's that you'd swear those things came from the factory super clean.
Anyways congrats and enjoy the ride!
exactly bro @@soapa4279
keep dropping bangers🔥🔥🔥. nothing like mid engine cars. I build them for a living. pontiac fieros. I ve owned 3 fieros. now I own 86 gt auto fiero. ppls don't know how fun it is to drive mid engine cars. keep doing ya thang
Well done and you are setting a great example for other young men.
Thank you
Pretty solid video and plan. I am going to build my 2025 instead of going used, since I can get it MSRP. My rule is that when I buy a car I put at least 20% down, preferably about 1/3 of the price and I get preapproval before walking into the dealership. Never get into financiing that doesn't allow principle payments. I have had my current car for under a year and already have paid well over half the total price. Without the ability to pay on principle, that wouldn't be possible and the corvette would just be a dream.
You’ll get it soon bro !!
Young man if you understand the car game for fun ride, I would like to see you start buying property to rent out, that pays for your toy's. Great job not allowing anyone to get over.
Wdym by get over?
I'll get one next year in God's name, people like you inspire me🔥💯
You will achieve everything you desire as long as you let God lead you!
What the FUK Does this "god" Character hv to do with Vettes??!! 🤨🤔🙄
@@jrod.717what about Successful people that Don't believe in this "guy in the Sky" BULLSHT??
What about all the POOR That do believe in this "god" Character??🤨🤔
Nice car bro can’t wait to see the modifications you can get done on it. I’m personally looking at a C7 Grandsport or a C7Z06 to buy. I like the overall look of the C7 grandsport and the C7Z06 better than the base C8 stingray. Plus the modifications you can do to them is crazy. I like the C8Z06 and that’s my dream car but I definitely can’t afford that right now in my current situation. I mocked up the exact one I would want and it easily crossed $180k😂 also I’m trying to save up for a house and here in SoCal it’s ridiculous the housing market that is.
Cali is Way to expensive you should move somewhere else haha😂
Market is absolutely crazy in Cali! I would have to agree with you. If you’re looking for that performance, C7Z06 is the way to go for sure. C8 fits my speed needs, look, and tech 💪🏾
Very bad financial decision no matter your age. Negative equity guaranteed you saved zero money you will lose money and a six year loan? 6.47 APR? Yikes
Agreed
Can you explain what you mean by "lose money"?
car is beautiful bro!
Thank you bro 🤝🏾
I’m 21, I have over $115,000 (bitcoin and Ethereum) in crypto, I am looking at C8’s but damn how do you make money?
Base salary job + profitable side hustle
Sales + profitable side hustle
@@jrod.717 What type of sales do you do? And what’s your side gigs?
@@jrod.717 what sales/ side hustle are you in?
Going to be around six figures soon. Wanna get a c8 as well just might get a 1lt for daily
@@xfrozenchillx Don’t buy a C8. They are going to depreciate 50% over the next few years. Get a F80 M4 Competition with a manual.
How the hell I have a 2021 Toyota Camry with clean driving records, and my insurance is higher than yours😳
when was the last time you shopped around?
A month and a half ago but been shopping around over a year
CPA here. STUPID way to spend money. INVEST.
Facts
Subbed 🦇
Appreciate it bro 🤝🏾
You got that vision to look like a jones but you are aproaching it the wrong way
Bro, I pay $1200 a month on my 550k house I bought for 387k in 2020. Your car addiction is going to keep you broke for life.
387k ? You must live in the sticks
@@thanos2727 population of 200k big 10 college town so not really.
How did you get your high credit score by the age of 22?
Paying debt instantly and never carrying a balance. Installment loans are really good too
🔥🔥🔥🔥
WHO IS YOUR INSURANCE THRU?????
Liberty mutual
7:44 🤦🏽♂️🙏🏽
Did they sell you an extended warranty?
They offered it but I declined. Certified cars come with 100k mile powertrain warranty.
Holyshit 1.5k a month… I’m never going to afford a car like that and I’m 30 lol
Yes you will
I’m paying more in insurance on my Lexus😭only 1 accident on my record
I feel you bro 🥲 it comes with it !
Paying almost 1k a month for six years is wildddd
Everything is relative. Its not if you make $10,000 per month
@AaronBrooks0321 you're right, money is relative. But he's objectively going to pay a ton in interest over a 72 month financing plan. If he's making $10k a month, he should have saved up and put a larger down payment on it, or just bought it outright.
@@Olafaloofian eh I guess but it's not completely sunk cost as cars retain value. Id argue the trips to Dunkin donuts are a worse spend. Spending 100k over 6 years for a car that costs 80k but you enjoyed it for 6 years makes sense to me. We pay a premium for everything else we enjoy in life
What’s ur profession, n u live with parents still? Just wondering.
Sales. And I wish 😂
At your age at 1250 a month do u know what u can do if you invested in a rental property instead? Long term wealth forver! Then u go buy what u want with the income. Sell it bro and make a smarter investment. Hate to see my brothers falling to this materialistic liability scheme.
That wasn’t a wise, financial decision, brother I wonder what his Parents thought I feel like you micromanaged a bad financial asset
Hindsight is 20-20
So basically you deal and steal mopars is what I got from this.
cause I'm black??
@@jrod.717???
Not worth it! Put it towards high inflated home😂
I got dizzy from the camera constantly spinning lol
I’ll keep this is mind for the next vid
Bro you have a c8 STINGRAY 😂
That’s basic af my 24 Camaro zl1 is 650 HP and 650 POT your stingray is just 490 horse power
I don't care about speed. I drive the limit
lol ur car poor
Ik bro .. two rental properties poor
Congrats man! I think it depends on everyone situation. Many people spend $2k a month on 1 child for day care. No one has issues with it, but god forbid someone spends it on a nice car that makes you happy and thats a bad decision.
Wow that’s a new perspective. Appreciate the comment brother
🤣🤣🤣so true,and those little chits grow up and become ungrateful 😂😂😂
That’s two different things, a car cannot reproduce, change the world
good shit bro,
i’m 20 i got my 2023 camaro 3LT RS 10 speed auto with the npp valve exhaust. everybody grind just need credit score above 700 and need 5-10k minimum for down payment and your good.
Corsa NPP valve? Was thinking about doing the same. And start posting vids bro I’ll tune in 🤝🏾
@@jrod.717 Naw go Borla Atak G, keeps factory warranty and is so loud
You could've got a 2023 hellcat for that
@@jrod.717 stock npp quad tip mufflers,
I also have cut the resonator and put an x pipe in place also straight piped the secondary cats. The primary high flows are on the way but had resourcing issues should have them before end of may 2024
@@captainamericaandcaptainma3337 what💀
Not even bro cats aren’t what they used to be praised for. Ppl liked them bc they were cheap for the performance. Now it’s dawg shit compared to everything else for 200k
No hate tho I still like the challenger and chargers
GOTDAMN, Guys I’m a car salesmen, I’m also 22 years old. I got rid of my 2021 Shelby 350 R because I realized my money and this car is not building my wealth. What good is having a nice car when you pick a shawty up and you have to bring her home to mom’s house..
Save your money in your YOUTH. After I got rid of the car, In 1 year I saved 26,000 in my account. Shout out to Dave Ramsey for the tips 😂🙏🏽
👏🏽👏🏽👏🏽👍🏽… smart move young man
Will never be young with a nice car again
@@MoreMotionn I agree, but when u turn 28 and your still living at moms house and have a 1,200 car payment your gonna wish you would have made the right decision financially
Thats crazy what a good credit can do to you financially. But that is 🔥🔥 man!
Glad you enjoyed the vid brother
You're 22 yrs old already totaled 2 cars and you think buying a Corvette was a wise practical decision? God speed🙏
Your old enough to know you can’t control how other people drive on the street 🤔
@@jrod.717what dude on lol
Congratulations on your purchase and I’m glad that you purchased what makes you happy. But just think if you would have put that $18,000.00 a year in an interest bearing account.
I have 1997 oldsmobile, it cost me 16k my payments are 0 my insurance is 453 a year, and it takes me everywhere, and it's a eye opener.
Whose going to tell him?
??
I’ll tell him, great job and nice freaking car
Congrats dawg proud to see a young dawg like this❤ keep striving
Appreciate you bro
💪🏼 thanks for sharing !! Congratulations beautiful car !
First of all congrats...you put 26K down....984 monthly payment..not bad...You only live once its only green paper your not taking it with you!
Get the loan separate from the dealer.
You’ll save more
What if i have no credit but have $100k? Could i put $35k down and still be excepted?
Don’t think so. Should be good if you could get to 650 score though
@@jrod.717 ok
I’m about to buy a 2L 2023 corvette, I’m 22 was wondering if anyone looks at it or comes up to you lol😂 let me know if it’s worth it bro
Definitely worth it bro. Others are gonna love it more than you
Congratulations 🍾 This Is Motivation For me 🤗 I’m definitely Buying 1 of these Before My Birthday in December. Thank Color Wave is straight Fire 🔥🔥🔥🔥🔥 keep Winning & Much More Success To You 🤲🏽💯
Appreciate it bro
I my opinion you should never finance a car that expensive but i mean Im happy for you .If your salary make it possible go for it
💪🏾
What’s your fastest way to build credit? I don’t have too much of a credit history but chilling at a 670
Cleannnnnnnnnn, I'm trying to work my way to own one of these.
Great job bro, my next goal for myself 🙏
As long as you’re making a credit inquiry on the same car loan around the same time frame it won’t hurt your credit once those hard inquiries fall off in 30 days or so. So don’t be afraid to shop around for rates folks!
Crazy car congrats on the c8🔥
$20k on a jailbreak is a lot ??! bro i’m trying to get a c8 as well for $75k and thinking of putting 40k down and still think the financing part is crazy
im tryna get one too my G, looks good, congrats!
You’ll have it soon brother
You hit the nail on the head right there, at the end. Now if they can get that super car look for 60k that'd be crazy. Right now I'm just seein a 2018 for 60, and that's a horrible deal when I couldn have a spaceship like you, for not much more. Personally I need the all red interior, but that's not the reason I want the car
Congrats! I don't know your financial situation, but I hope you thought about everything. Never let weirdoes o the internet make you feel bad about your decision; especially if they don't know your financials.
Congrats man. I couldn't do that back when i was your age. No one put me on until my girl came along, anyhow stay safe out there bro 👍
Appreciate the comment bro 💪🏾
I have a perfect driving record mine insurance want 500 a month and I was 23
damn should've bought it full cash
It’s a great car but just think if you invested that amount per month for 72 months,
Sounds like a smart 22-year old to me. I know 50-year old who make six figures who aren’t as financially savvy. Good job young man
Any body can get an expensive car even if they can't afford it.
I fully own my house & paid cash for my C8 Corvette. Still my credit score is lower than yours.
How come your score is so high?
Pay everything as soon as it posts on my credit card and installment loans
Paid off auto loans helped too
Paying cash does not boost your credit score goofy
@cylinekoen4125 I have a credit card that I spend around $10,000 a month on. It gets fully paid off every month, and I never missed a payment.
@@SunRise-ul7koyour utilisation ratio is way to high. That’s why.
Did he say monf? 😂 awesome car man congrats!
This is tough fam! Great info though man!
Dropping that kind of money at age 22 on a depreciating asset? 72 months at 6.5% interest? Beautiful car but unless you’re Elon Musk’s kid I don’t get it. If you’ve got $20k for a down payment, I’m wondering what sort of work you do?
I couldn’t agree with you more. But hindsight is 20-20
Awesome
Stupidest thing i did was Finance a Hugh price Car at 23!! if you can't pay Cash for it you CAN'T Afford it! Should've Invested that $$ at 23 instead of Stunting for the public!!
100% correct
Also time gone fly by regardless and you won’t have that payment forever😂😂😂you won’t be young forever enjoy your life and get the fly things. Plus he seem like a really smart responsible dude that makes money easily
Appreciate the comment bro
Good choice I had a c8…great car.
Thank you 💪🏾
Always tell a dealer to NOT shotgun your credit
Giving out the sauce 🔥
Nice move by a young man, I commend you on your maturity at a young age. I just purchased my C8 as my retirement gift to myself. The GAP insurance you purchased definitely was a waste of money you are in good shape due to the amount of money you put down. the value of the C8 will not drop that much.
Luckily I got refunded the GAP. Appreciate the comment OG
Nice
Nicely spec'd C8. I noticed as well C8 insurance isnt bad not even the Z06 for what you're getting. Great deal all around for the price point they go for.
Appreciate the comment brother 🤝🏾
I mean you do you, but 10-11k in interest over the life of the loan is a lot of money, not to mention car payments over $800/m mean you need to make net 8k or more a month to properly afford the car with enough left over for everything else.
9 time out of 10 I won’t have the car for a full 6 years but I do understand your point. Thanks for the comment
🤣 bs🎉
88k how dum, never
Nice Bro, I'm happy for you my guy!!!
Appreciate you brother 💪🏾
Sounds like you got a pretty good deal, on a nicely optioned C8!
I probably would’ve pushed for some more money off considering there’s been an influx of C8s coming to the used market in the past year. But nevertheless it was a good deal 🙌🏾
Given that I was starting to get impatient and there was only 3 in 150+ miles with the specs/mileage I wanted, I just went with this one 😂
any advice on starting a car channel? i feel like i need good equipment to compete and thrive with creators like u these days… is that true?
There’s no competition bro. Do it cause you want to. I started making vids with the back camera on my iPhone and I still do! Just start
Just got my c8 2020 CMG with 9k miles with a lot of options MSRP was 111k priced at 80k got it for 74k with a 29k trade in on a C5z. Really hopping the market bottoms out a bit but I’ll prolly lose like 4-8k In depreciation in a year. How much yall think the c8s will go for ina year?
And I got it for 60 months payment is $968 and with a 750 credit at 21 years of age
Congrats bro. I think you got a great deal
hows the maintenance on that c8?
Cheap
is that rowan?
For an extra 2k, I would have got the new one. I only say this bc I sell cars
Damn bro it was basically new anyways 😂
@@yea3722 basically new, and new are two different things
What type of warranty do you have? Keep the videos coming
Because I purchased the car certified, I get a 6 year 100k mile powertrain warranty already included in the price. And I got you brother 💪🏾
thank you
I got a 2024 for 66k before the price jump. Bare bones 1LT. I didn't have any credit history other than cards but I had a 760. I put down 33k and pay 613 a month. I got high 7% through GM. GM also allows you to pay on principle tho which is nice.
For insurance I found Travellers to be the best insurance.
Congrats bro 🤞🏾
@jrod.717 you too, man. It's crazy to think that when this car came out in 2020, it felt so unreachable.
@@trcythmpsn now you wake up and see it outside 🙌🏾
@jrod.717 I got mine October 2023, and I still love turning that corner and seeing it, haha.
It definitely helps me get up for work.
Wondering what your income and networth is 😂 but im sure you wont give that out... im really considering getting one but i still got a little work i need to do financially. Credit is there. Money is almost there. Anyway nice car bro! Thankz for sharing.
You’ll get it soon brother! Keep going
Slick my dream car too how crazy am I as a poor college student to finance this car if I were to pay $250 monthly and I make like 650 a month? Really considering it tho ik it sounds wild
is this a stingray ?
Yea
@@jrod.717 bro why did u trade it in. Wasn’t fast enough for u or something. Corvettes hold their value
@@dsnorcalfan wasn’t big enough unfortunately. Was causing knee pain for me
@@jrod.717 how big r u
Bro what do you do? Low key might have to do a video on it for us young kids man. Love the videos 🫡👊
Definitely will make a vid about this
@@jrod.717plz do cause you rich asf
Congrats on the Vette! I just bought my 24 2LT Corvette from MacMulkin Chevrolet in NH. $7k off MRSP and it torch red with the performance exhaust for $71,390 before tax😱. I dropped $32k and my payment is $698. Insurance is $180. Definitely my dream car and got it brand new for the low so I couldn’t pass up the opportunity. Getting it shipped for $1,400 to TN. I gotta add the Stingray R package like yours for $500 at my local dealership.
That’s a crazy deal🔥🔥🔥 congrats bro I hope you enjoy it and make some content!
@@jrod.717 appreciate it bro. And I don’t know the half about making content lol. I leave that to the pros
Crazy. My brother just did this too. 🥳
bro what apr did you get ?
@@ReallyDru 7.3%. I hoping interest rates go down to at least 6% so I can refinance and make my payment even lower
Hey bro, what else other than the good credit score that helped you to get that low interest? Like your debt to income ratio and stuff like that
Financing with a bank and having good credit. Have low debts if you have any credit cards, good payment history. Gotta have credit history too.. gotta have steady job and income obviously too.
I got my hellcat through a bank , intrest at 3.7% with 0 down payment
Exactly
Income for sure. Try not to have no revolving monthly credit debt unless it’s an installment loan like a car or house.
🔥
Nahh you got it
I’m from nj and I’m inspired
Nah you gotta make a skool community and put niggas on
You up next 🤞🏾
@@jrod.717 hear you bro, you definitely need to make a skool or discord putting people on game 💯
Nice rental 😂
you caught me 😱
What do you do for work and also what did you do to get your credit score that high by 22y/o?
Usually to a credit score that high you have to have a lot of debt in your name. Like having a house and things like that.
i had a 815 credit at that age and i was far from debt its not that hard just dont miss a payment ..i just pay it the second a receive it (you dont need to finance a house .. a car is fine )
@@financewithpom4315ok so how did you begin? Were did you start you credit? You said stuff but didnt really bring a real answer
THIS IS THE KEY 🔑
Going to make another video on this top specifically .. but how I built it was to charge things to the credit card and pay it off the second it posts.