PJ is 100% right and I’m so glad I learned about it sooner than later. My R8, after 4 years, yeah it cost me $1,000 a month in payments…but if I sell the car today, I get all that money back since the car barely depreciated. So the $1,000 payments were basically going into my R8 like a “savings” account. My Mercedes C300, after 4 years of payments, depreciated like crazy. So all my payments can’t be recouped after selling the car. Good thing about my Mercedes is i was able to make money/cover my losses by making TH-cam videos on it. If I didn’t have a TH-cam channel…my R8 is a way better option than a Mercedes C300. My r8 cost less to insure then my Mercedes c300. Why? The more your car model gets reported to insurance cause of accidents and thefts, the more the insurance cost. There’s way less R8 on the roads to be exposed to accidents and theft, then a Mercedes c300. An R8 is less risky to an insurance company then a Mercedes C300. The only part of this concept that doesn’t work is if you are planning to use the car to drive 5,000-10,000 miles a year as a commuter. Commuting in a supercar at 10,000 miles a year will definitely kill its value. This is where you should buy a regular car (that’s depreciated like crazy already) or a beater.
what is a good car would you recommend to leverage for youtube channel besides a hellcat , these get stolen too much and makes you a target by hooligans and law enforcement especially when you black most people assume you stole it , but earlier i was looking to purchase a 2018 fully loaded jeep wrangler rubicon fully loaded everything for 36k minus dealer fees and interest rate comes around 41k , i was gonna buy it for youtube content but i didnt pull the trigger jus felt like theres something better for content creation for 41k or under whats your advice on the best eye car to make youtube content what would you recommend
True. Hopefully he has a solution for that. Either way driving exotics is going to be expensive this is just alot less expensive abd the smartest way to go about it
On every website where Chiron is being sold as an used car, the price is exactly $3.2million. It shows that an estimated monthly payment is exactly $50k after 20% down payment for the tenure of 72 months. There's an option of 84 months as the maximum time. 7 years. So after dividing the loan amount it still doesn't go down to the amount PJ just mentioned...which is $25k a month. So can anyone please explain to me how mathemetically is that gonna happen?
It makes sense, but the $1500 month payment is still there, so Jimmy making $45k might scrape the payment together, but he still lives in a townhouse in a bad part of town where he can't park his dream car, let alone drive it cause he can't afford the premium fuel.
I've been lucky enough to have cars appreciate for me. Porsche, BMW, if you can find a rare car that will increase in demand over time. IMO right now a manual Chevy SS is a good example. Might be picking one up myself in the next few months. Also the BMW 1M coupe, another car that will probably increase in value. If you find these kind of spots you can drive an exciting car basically for free. Just need to pay for tires and maintenance.
What would u suggest me doing. My family and me have went a decade of no car wrecks but in a month ive know totaled one car (80k) payout, and damaged the other (30k). State farm is now saying we may be terminated from their insurance. What should my next steps be? I guess they love getting money but hate paying out. Its crazy.
Go to Progressive... They are way better than State Farm. Better customer service, and they paid me out after totaling my car in about 5 business days. State Farm (from what I've heard) would at least take double that, as they like to argue about the price to repair... Especially now that you've been in two accidents lol
Everything makes sense and it’s actually the right way of doing business. Therefore, the question is what do people do or what can they do if they’re not in a position to even have that amount accessible monthly to pay 1000+ on a vehicle.?
The title is misleading. Your still paying a butt load of money per month for an exotic. The only way to get some of that money back is if you sell it. Who wants to always buy and sell cars?
If you can afford to drive a different dream car each year without losing tons of money like you would holding on a car for over a long duration why not 🤷♂️
@@ladha99look through his channel on TH-cam or go get the program but a 2017-2020 Range Rover SVR with the right spec and the right mileage is a good example
PJ is 100% right and I’m so glad I learned about it sooner than later.
My R8, after 4 years, yeah it cost me $1,000 a month in payments…but if I sell the car today, I get all that money back since the car barely depreciated. So the $1,000 payments were basically going into my R8 like a “savings” account.
My Mercedes C300, after 4 years of payments, depreciated like crazy. So all my payments can’t be recouped after selling the car. Good thing about my Mercedes is i was able to make money/cover my losses by making TH-cam videos on it. If I didn’t have a TH-cam channel…my R8 is a way better option than a Mercedes C300.
My r8 cost less to insure then my Mercedes c300. Why? The more your car model gets reported to insurance cause of accidents and thefts, the more the insurance cost. There’s way less R8 on the roads to be exposed to accidents and theft, then a Mercedes c300. An R8 is less risky to an insurance company then a Mercedes C300.
The only part of this concept that doesn’t work is if you are planning to use the car to drive 5,000-10,000 miles a year as a commuter. Commuting in a supercar at 10,000 miles a year will definitely kill its value. This is where you should buy a regular car (that’s depreciated like crazy already) or a beater.
what is a good car would you recommend to leverage for youtube channel besides a hellcat , these get stolen too much and makes you a target by hooligans and law enforcement especially when you black most people assume you stole it , but earlier i was looking to purchase a 2018 fully loaded jeep wrangler rubicon fully loaded everything for 36k minus dealer fees and interest rate comes around 41k , i was gonna buy it for youtube content but i didnt pull the trigger jus felt like theres something better for content creation for 41k or under whats your advice on the best eye car to make youtube content what would you recommend
For people under 25 the insurance is WAY higher than that man
True. Hopefully he has a solution for that. Either way driving exotics is going to be expensive this is just alot less expensive abd the smartest way to go about it
Make more money is the solution. He's teaching you mindset and finances. How much more can he show you for free?
@@lilzach06 good point
On every website where Chiron is being sold as an used car, the price is exactly $3.2million. It shows that an estimated monthly payment is exactly $50k after 20% down payment for the tenure of 72 months. There's an option of 84 months as the maximum time. 7 years. So after dividing the loan amount it still doesn't go down to the amount PJ just mentioned...which is $25k a month. So can anyone please explain to me how mathemetically is that gonna happen?
@SidRay1760 you can get 144 months if you are qualified so start at a cheaper exotic and build up
Glad I joined Exotic Car Hacks to learn how to drive my dream car.
It makes sense, but the $1500 month payment is still there, so Jimmy making $45k might scrape the payment together, but he still lives in a townhouse in a bad part of town where he can't park his dream car, let alone drive it cause he can't afford the premium fuel.
But looks like a big shot. Maybe.
I agree but where are you selling the cars? You will need to watch mileage closely as well.
But the taxes are fucked. You can’t get rid of sales tax without risk of evading taxes via LLC
Bro stop yapping. Via LLC, you’re just saying words.
There are multiple legal ways to reduce or eliminate your tax burden in cars without even using an LLC.
I've been lucky enough to have cars appreciate for me. Porsche, BMW, if you can find a rare car that will increase in demand over time. IMO right now a manual Chevy SS is a good example. Might be picking one up myself in the next few months. Also the BMW 1M coupe, another car that will probably increase in value. If you find these kind of spots you can drive an exciting car basically for free. Just need to pay for tires and maintenance.
So how do I find these depreciated cars that won’t depreciate more??
I have 5 Porsches and 1 Ferrari. All paid for. Do it that way.
CPO doesn't cover soft consumables like hoses and belts. So that Oil leak on that CPO Beemer, might end up costing you couple of grand.
yeah it does on most cars. Not on poverty cars.
I love your TH-cam channel PJ. It’s very informative.
What happens if the car gets damaged??
What would u suggest me doing. My family and me have went a decade of no car wrecks but in a month ive know totaled one car (80k) payout, and damaged the other (30k). State farm is now saying we may be terminated from their insurance. What should my next steps be? I guess they love getting money but hate paying out. Its crazy.
Go to Progressive... They are way better than State Farm. Better customer service, and they paid me out after totaling my car in about 5 business days. State Farm (from what I've heard) would at least take double that, as they like to argue about the price to repair... Especially now that you've been in two accidents lol
Everything makes sense and it’s actually the right way of doing business. Therefore, the question is what do people do or what can they do if they’re not in a position to even have that amount accessible monthly to pay 1000+ on a vehicle.?
I am going to be purchasing a 2025 g63 amg soon, how would you recommend I finance it? Gonna put like 10% down rest finance
@@akshayrana172 I would say that you sound right put down 10% and finance the rest.The insurance is something you should consider as well.Good luck
Can you do a review on the new Aston Martin vanquish that just came out ?
I have one on order, when it arrives I will absolutely review
Super helpful, now I can aim for my dream car! 🚗
The title is misleading. Your still paying a butt load of money per month for an exotic. The only way to get some of that money back is if you sell it. Who wants to always buy and sell cars?
I got 25000 members doing this so apparently some people do lol
How else would you get your money back? 😂😂😂
If you can afford to drive a different dream car each year without losing tons of money like you would holding on a car for over a long duration why not 🤷♂️
Never taken debt in in my life. This monthly thing is weird...
That's what pretenders do.
Every wealthy person in the world uses debt...Its not always a bad thing my guy if your not an idiot
@rybalchenkofamily never took on debt, started from scratch, multi millionaire and financially independent. There are many paths to victory.
Drive a Rav4 and it won't let u down
The devil is a lie
@@BinisaEleboright 😂😂
Aston Martin: "Let's sell cars for $100,000 off the MSRP but don't tell the public."
Title should be how to drive a $100k car as long it’s not Corvette 😂
My Camaro ZL1 I just paid off it was $548 a month and insurance was $435 a month
Poor u
@@daimu7971 Took 6 years and the insurance is a joke that much a month with no tickets or accidents.I only drive a couple thousand miles a year.
PJ will you do a buying service for a RR ghost 2022 for a fee? Please advise
Yes, book a call with an advisor at exoticcarhacks.com/meet
everyone should listen to PJ
sales tax bruh
bro youve been talking so much my brain fried fr
I have to be one of PJ’s worst students.
Great news
🔥🔥🔥🔥🔥
how the fuvk:??????
Which car can I drive for $350 lmao 🤣 and that it won’t cost more in expenses to fix it 😅
He recommends to buy an exotic car while the warranty is still active
@@badgasaurus4211 yes but what’s an example of a car you’d buy and sell for the same price in 2 years?
@@ladha99look through his channel on TH-cam or go get the program but a 2017-2020 Range Rover SVR with the right spec and the right mileage is a good example
Hondas need tires and brakes too !
@@ladha99 you’d have to check his other videos or go online his forums I am extremely new to this stuff, so not the best person to ask at all.
Just pay for the car with CASH. That is the lesson he is teaching. Borrowing money to purchase a car is bad.
this video was awesome, can you do a video talking about a 991.1 gt3rs?
Guys i have a question. Can anyone help me out? Please.
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