@@Marcus_Wulfhart poor people can barley pay rent let alone a car payment its best for them to save up and buy a reliable car. rich people dont pay cash since they can right it off on their taxes. why have a 4-900$ car payment+ insurance gas maintenance when you can knock out the middle man and get a cheap reliable car
Debt is just a tool. A credit card is just a tool. A knife is just a tool. In the proper hands and in the correct scenario it will benefit the user vs hurting them. Rich people use debt to their advantage all the time. Do some research. There's what's called good debt and bad debt.
When you finance you buy. And paying cash is not always best. For example, you can get a subvented loan at .9 percent. A $40K loan at .9 percent for 60 months will cost you interest of about $921 interest. Leaving that $40K in an high interest savings account paying 4 percent interest will pay you around $8,666 interest over five years. The simple math shows taking the loan will result in around $7,500 net interest income. So actually not BS.
First guy literally explained why it was better for him to finance and invest what he has to essentially offset the differences in the debt and make a come up
I'm sorry but this concept of financing a vehicle makes no sense. When you finance a vehicle, you give these banks more money no matter what the interest rate. I do agree that you don't buy it cash when its brand new but for me I normally buy my car cash when they are 3-5 yrs old.
It does make sense in some cases. I financed my 2 cars in 2021 at around 3% both with about 10k miles on them. The return on an S&P 500 index fund has been 68% since that time. Even though the bank is making some interest, my return has been a lot more.
Clearly you do not understand the math behind financing and investing versus paying cash. If you did you would understand how to make financing the sensical thing to do in many situations.
@@_CPerk Actually with a lease you have the option of buying the leased vehicle at lease end for the residual value. When you lease you negotiate the price. During the lease you pay the difference between the price negotiated and the residual value. So if you lease and buy at lease end you pay the same price you would have paid had you purchased rather than lease. Leasing is not renting. That is what folks who do not understand leasing suggest but they are wrong.
@@jerrylundegaard2592 have leased two vehicles before. Your statement only covers when leases are bought out. But when a person just leases It is akin to renting
I don’t care if the car is 100,000. I will still pay cash. I plan to keep any car I buy till the wheels fall off. A car is just a tool to make your life easier, I will never get why we extend our personalities to them.
I'm team cash cuz of car insurance. True story I had a BMW and the insurance was wayy too high for me so I used my savings and a loan to pay it off, and I ended up saving 200 a month. But everybody situation varies.
This makes no sense. One wants to take on debt for appreciating assets (a house); cars are a depreciating asset, and the 10% guaranteed return he speaks of does not exist.
It’s a depreciating asset whether u finance or pay cash. Totally makes sense from a numbers perspective 4% vs 10%….but I agree there is no guarantee of 10%. An average return on investment is probably more around 8% but this is an average. The real issue and why paying cash is likely better for most people, the scenario assumes that people would use the cash they’d pay for a car and instead invest it. Most people however would just buy more stuff and not stock….and that’s the real problem with this
...Even a house can turn into a depreciating asset depending on the economy. Remember the 2008 Housing bubble crisis where millions of homes were upside in value. Some analysts say the same thing is about to happen again!!!
In order for financing to make sense is you’d have to have the remainder of cash (which 99% of people don’t ) if you 1 lose your job or 2 don’t make return on investment, or both. Also theres no guarantee so 99% of the time financing is stupid. you also end up paying way more financing anyway so even if you do make a return, you losing out on more you could’ve made if just by paying cash.
I like to either pay cash, or finance through a credit union and pay it off early. All my vehicles are paid off. I drive them for a long time. But I don’t worry about the repo man. 😁
If you get a low interest rate on the car it still makes more sense mathematically to finance, then invest all that money. Debt is simply a tool. It's not always bad. There is such thing as good debt. Rich people use debt to their advantage all the time. You think most people with rental properties own them all outright? A huge chunk of them are financing while renting it out.
In 2005 I purchased a new Tundra DCAB Limited in cash. In March of this year it will be 20 years old, 250k miles with zero issues. I'm not one to change cars every few years so I am certain I saved way more than all these people leasing cars every 3 years. Also let's be honest that most people (not all) lease as they cannot afford to buy the car they are leasing. So if you plan on keeping the car for a long time I disagree with paying interest.
You completely missed the point. You literally pay more by paying in cash vs financing at a low interest rate, then investing that cash in the stock market that you would have used on the car. It's simple math that a lot of people in the comments aren't understanding.
This idea is so typical of people who have never had any real kind of struggle in their life. It's all well and good when the stock market is going up or when your business is going well, but when things inevitably go do, your 10% you're making will flip and go negative. This type of thinking is what lead to the 08 housing crash and many farms and business have been lost by being over leveraged and having way too much debt. If you have the cash, it is best to buy the vehicle outright. Also, if you're not already debt free, you probably don't need to be buying a new car.
What happens when the market reverses and your asset or investment goes DOWN by 10%... or more? Pay cash for your car, and make sure that you don't blow all your cash on your car. Then take the difference and invest that.
Uhh...you leave it in and watch it go back up? Have you ever looked at an s&p 500 chart? It never just keeps going down. It always goes back up. Always. If it goes down 10% today it will be up 20% tomorrow. There's a massive amount of historical data to back this up.
Stupid advice. Buy reliable used cars CASH, and invest 15-20% of your income. The guaranteed 10 percent return from the first guy is a fallacy. The s&p average 7-8 percent over the last 90 years
No issues financing a car. I paid 3 vehicles off just making the minimum for the most part. I dont have the greatest of luck when they get over 100k miles
A lot of the people making the videos don’t know what they are talking about. They talk fast trying to get their point across. Buy the cash car and be done with it.
If you are not a person with a certain amount of money this makes no sense. Doing it like this who have money is a good idea. But if you have big money meaning lets say at least 50k in the bank cash money. And you have money coming in sure. Rock out because you wont miss it. The average person might have 2k in the bank if that. Living check to check. It makes no sense for these people to finance a car. They should buy a cash car. Not a car thats 5 digits or more unless you are a multimillionaire. N that case you have way more then 2k in the bank. I make over 200k a year. I have 3 cars. A 2014 Lexus Gs, 2007 Honda Oddessey mini van, 2015 jeep compass. I never buy new cars because you lose to much money. I do plan on buying a CT5 Blackwing in a year or so after i sell my Lexus. But im putting about 20k down on the car from the sell of the Lexus. But the Black wing has to be 3 years old. The only reason im waiting 3 and not 5 is because its a special car that will hold value much more then a reg CT5. But it really just depends on your situation. Thats the most important part of this conversation. We are all in different financial situations and theres no one size fits all. The 1st thing is what space are you in.
I bought my dream car this year. Brand new Porsche 911 (992.2) convertible. Black with Bordeaux roof and Bordeaux interior. Paid cash for it, best choice ever. Could I have arbitraged the money? Yes. Do I want to? Hell no.
@@moejohnson8459 I really don't know but the quality of the car is so good that I think that I don't have to worry much about repairs for 10 years. Even after that, Porsche 911s are like war tanks. I know people who have driven 200,000 miles with the original engine and just replaced the regular things like tires and brakes etc
Not really. I am over 45 and I could pay cash but I always finance. Since I know math, I understand taking a low interest auto loan and leaving the cash in an investment account is the wise move. For example, my last purchase was $45K financed over 60 months at a manufacturer's auto loan at 1.9 percent. Over five years, that loan cost me $2,207 interest. Leaving at $45K in a high interest savings account paying 4.5 percent earned me $11K in interest.
As someone that knows rich people and are really, really, really, close to some, close enough to be under the same roof close, The only thing you do and not do. Never buy a brand new car let someone else take that loss. We have bought plenty of cars and paid 30k or more some a little less cash for them. If you keep the car for a couple of years you can sell the car for pretty much what you paid for it so then again it's just like leasing. We have bought and sold about 8 cars in the past 6 years and we always made around the same amount we bought the cars for. Also never let the dealership know that you are paying cash. Let them do all the paperwork as if you were financing that way you will get all the deals and when it's time for a down payment then you say you will just pay cash because they can't go back and change the paperwork once they commit to a price.If you can always pay cash never finance anything regardless of what it is if you don't have too. If you have credit cards only use your credit cards if you can pay the whole amount off every month. You only use credit cards for cash back at the end of the year. Take this free advice as I'm someone who got the means to say what I said.
While the people pro financing makes solid points , the majority of people financing these cars aren’t in that mindset so it’s better for them to pay cash (cash is king )
I would go cash to buy outright or a substantial down payment. When did the car market become finance vs cash? A car is a piece of machinery ment to be used, it’s a tool. Take care of it and will more than likely take care of you. I’m thinking the real issue is many of us have bought more care than we can afford from payment, insurance and maintenance. With car buying we must think about the true cost of ownership.
Documenting the leasing process and experience will be great and very informative content. Paying down that mortgage is the best advice stated by anyone in the videos. I wasn't planning on staying in my house past 10 years when I bought it in 2012. Then 'life' happens and next thing I know, I'm still here. Had I just doubled up on my payments, I would've been free & clear in 2 more years, saving myself tens of thousands. Screwed that one up big time.
$16k owed on a 3-year-old Nissan Versa? That’s already a loss. I get the logic of investing to make 10% at the cost of 4% interest. But that assumes one will always make a 10% return, where the 4% interest is guaranteed (assuming that also doesn’t go up - it will never go down). If you could qualify for a 0% or near-zero interest loan, then it makes more sense, but isn’t a slam dunk. WTF is a Warlock, and what could possibly make it a sensible company vehicle?
If you’re confident that nothing will happen to your income or that you will have no problem making your payments in the future while you have it, then go ahead lease or make payments. For me however I like to know that I own it and no one can take it from me. Also if something major occurs in my life and I suddenly need money (assuming I don’t have any reserves in the bank I can then sell it. I might take a loss but I’ll then have the cash I need to pay for whatever might happen without owing anyone. Also the girl in the video is forgetting about the house upkeep and property taxes etc etc.
Buying a quality used car for cash is the least expensive way to purchase personal transportation. Next best way is if you are a home owner, use a home equity loan to finance a quality used car. HM, totally agree on leasing. If you can write it off as a business expense and keep the mileage low that also makes a lot of sense. A large car payment is the most expensive way to own a vehicle. If you have the money and can still save money for the future there is nothing wrong with that. But if it is going to make you car-poor its not a good decision.
paying interest on a depreciating vehicle isn’t fun either. yeah i told myself if i am ever in the market for a new vehicle i will cash out on it regardless of cost. if i can afford to drop 80 on a new truck, my business and investments are already doing numbers so im not worried about missing out on a few percentage points by investing that 80k into other assets. i get what they’re saying but im not convinced.
If you’re making payments on a car bought new and you’re upside down, what is the cause of that? If you pay cash for the car does depreciation go away because you own it, or did you buy the whole expense outright? There’s weight on both sides of the argument but the largest difference is how you treat the depreciation.
Buying cash is a much better long term decision for most cars. However, the rich don’t buy their cars, they lease. Or if they have like an old school they paid cash for that, but the Bentley’s, Ferrari’s and RR’s they lease.
Hem this is dumb to me. Nah I'm paying cash straight out. Get it over with. If your making money like that you can save that money every month that would've been a note. Nope buy straight out. Look everything depreciates. These types want to keep you in debt. I don't agree with none of these videos. It's crazzi people want to keep you owing all your life😂. Nah I aint dumb and far from silly or stupid.
Financed or cash, a car is still a depreciating asset. Why have a monthly payment if you don't have to. It's called peace of mind. I have a 2020 Camry XLE. It looks like I just drove off the lot. It has 67K miles. 67K in 5 years is not bad. I had a few calls from the Toyota dealer asking me to trade up. NO WAY JOSÉ.
You should absolutely buy your car in cash. That literally means you can afford it. It will always have some value and no one can come and repo it if something happened to your income. What really needs to be the message is, don’t buy a new car! my 1993 Mercedes had 212k miles on it when I bought it for $1800. I put less than $2000 in parts in it and did the work myself. 7 years later it’s gone over 100k miles without breaking down and that was 7 years of zero car payments. 7 years of freeing up hundreds of dollars a month.
The stock market went up like crazy last November. I raked off 50K at the peak. Cars are on sale in December. Six weeks of profit around November paid for my new car. Basically, a free car.
Financing is usually never better than buying cash. You’ll always end up paying more than the car is worth over the life of the loan than if you would’ve just bought it all cash. Not to mention a lot of people aren’t getting approved at 4%, rather they’re getting car loans with easily twice that interest rate. The only way it makes sense is if you really know what you’re doin and want to build credit, but for 99% of the population, it’s just better to buy a cheaper car cash.
@@isaacbenefield4712 You wrote "I pay cash AND the money I would have used on a car note I invest..." If you pay cash you do not have the money to invest because you spent the cash to buy the vehicle. Perhaps you might consider clarifying what you wrote to make what you wrote understandable.
Another reason why "VLOG STAR" is full of "slick": If I walked into a dealership with $50.000 cash (who knows; maybe the buyer won the lottery or a game show or something), the dealership would take that cash or cashier's check in a heartbeat as opposed to loosing a big sale. I'd opt for getting that thing paid for along with a nice (new build?) home with maybe a 3 car garage to store the new car in.
Took a car loan out at 19 and paid it off early. Been buying cash cars since 23. I buy cars 3-5 years old that have lost 50% or more of their value. Keep them for 7-10 years and trade up and use cash when getting another car.
I had the money to buy a car with cash but I financed it because I saved 8k on the out the door price. I made sure there was no penalty for early payoff and paid it off before it hit my credit report. Leasing only makes sense if there are significant changes between the model years. If there are no significant changes why do I need to switch it up.
Im 64 and never had a new vehicle. I paid off my house 15 years ago and have investments. Im not rich by any means but comfortable. Ill keep driving my 2003 Toyota Avalon and my wife her 2006 Avalon.
Nope. If you're me and I had cash to buy a brand new vehicle in cash, then that's exactly what I'm doing. That's because I keep the cars that I've bought for as long as I can and then some. I don't like the thought of trading a vehicle for another one. All of the vehicles I have were purchased new. And when they are paid off, the only thing I will have to worry about is maintenance, fuel and insurance. The oldest vehicle in my fleet is a 2003 Acura CL Type S 6MT. I purchased it brand new after trading an 1996 Acura Integra LS SE 5MT hatchback that I had purchased pre-owned in October, 1997. About 14 months after paying off the CL, I bought a new Acura TL Tech 6MT with SH-AWD. But I kept the CL. I paid the TL off, so that was two vehicles paid off. Any money that was needed for maintenance, was easy to obtain because I didn't have those pesky monthly notes to bother me. The TL had been paid for about 22 months when it was totaled by my insurance company after a 16 year old hit me and before that another vehicle, totaling all three. I replaced it with a new TLX A-SPEC SH-AWD but that was on a lease. (I don't ever plan on leasing again.) At the conclusion of the lease, I began a purchase plan on it. I think differently. I don't care about it being a depreciating item. (It can't be an asset if it is depreciating, can it?) I plan on owning stuff, not constantly replacing it. Some stuff, as it gets newer, doesn't get better, but it's replacement salesperson will have You thinking differently. But when You trade away something that was working or driving okay, for a replacement you're never giving your bank account a break.
These people always act like everyone know how / where to invest and the stock / housing market don't go down. Not everyone wants to be a landlord. If you can afford to pay cash and it does not affect your finance, why not ?
I’m 59 and have never had a car payment. I’ve owned nearly 50 cars. I’ve also never had a mortgage payment, and own our home. Why on Earth should I finance?!?
Title of that video should be “How to get Dave Ramsey to lose his mind” 🤣🤣🤣 I’m for Team Cash…and none of our old vehicles cost us 2K a year to maintain (all older than 10 years old).
I like Dave but you shouldn't take everything he says as gospel. Not all financial experts agree with him 100%. For example, he says to save a 3 month emergency fund. Most experts will tell you 6. There are more but that's one off the top of my head. He also thinks you should never take out debt, while many experts believe in good debt and bad debt. Low interest loans would be good debt (depending on what the loan is for of course)
You aren't making 10% cause capital gain exists... arbitrage is a suckers game. I have always bought my cars in straight cash. I do understand leasing if you want to replace a daily driver a lot (I don't personally but I get it) then that makes sense. Taking a loan out for a depreciating object.
Every person featured is comparing financing vs cash as a 1-to-1 comparison. If I’m paying cash, I’m not trying to buy the same vehicle you are when you’re financing one that is 30K+. In my philosophy of use, the point of paying cash is to avoid the majority of depreciation on a vehicle by purchasing one that’s already taken most of the depreciation hit and still has a lot of life left. I’m not using cash to buy a new vehicle. This notion that any car over five years old is going to be unreliable or it’s going to break down at any moment is absurd on its face, just ignorant. Most vehicles I’ve owned were at least five years old while I operated them and in many cases significantly older than that. Do your preventative maintenance on time and address any issues as they arise. Buy a decent vehicle that is well regarded for longevity and you’ll do fine.
OK, maybe you can help me out I want a jeep but I don’t want a new Jeep. I want something like a 80s 90s or early 2000s. Also don’t want it to be decked out. I want a basic Jeep that’s in great shape. I don’t mind if it has miles as long as I can continue and enjoy it so I don’t take risk. I don’t go finance vehicles that “I just have to have” unless I need a vehicle but I want a jeep should I go finance a $10,000 loan to get a jeep?
It's nothing wrong with paying cash. This is the best option if you can afford to do so without using up all your capital for the vehicle. Everyone financial situation is different. Then, it depends on how much the vehicle costs upfront. Financing can be great as well. Just live below your means or within your means. No one wants a repossession on their credit. Repossession in America every year on vehicles are over a million vehicles, that is a lot of vehicles people no longer can afford because extremely high interest rates and car notes. You can never lose paying something off in the beginning. No one can come and take it from you saying you owe them. Especially a vehicle once you have the title mailed to you or signed over to you it's technically yours. If you still have a lean on your vehicle, it's yours to a certain extent. The bank still owns it until that final payment is made on that said loan. All of my vehicles are paid off, and I sleep even better at night. We all have our time to buy things and finance them or pay cash. But the older you get financing any car is absurd, especially when you are in 70 or older buy then you should have everything you wanted. If not, just enjoy your life. You have left, debt in general no thank you. I keep cars for over 10 years and beyond! Maintenance and Insurance. When you pay cash for a vehicle the Salesman loses a commission on that sold vehicle, never tell them you are paying cash upfront, they will raise the price way over msrp.
In today's economy. There is now a considerable amount of risk that you may lose your income or part of it whether you have a business, investments, etc. Not having a payment means another set of hands not in your pocket. if your income changes then what?
These people are why they can over charge people. These people keep talking about invest invest real estate yeah property increase but banking on rental property money is the same as rolling the dice in the stock market. Man if you can buy a car with cash you got money sitting there if things go south. Buy in today’s climate anything can happen. You have to have a lot to put in an investment that pays you 7% it’s hard the average person to find those interest rates you will have to pay an advisor to find those. Financing a car helps the dealer and sales people make more money so yeah they are going to tell you to finance
I got 0.9% on my car. Did not buy it out, right? Put money in the stock market and tripled it. It worked out for me. My next car will be a cash car from Hertz or Enterprise.
Sorry, I disagree paying "cash" is best. Unless you are buying a brand new automobile at say $50,000 for a 5-year period at loan interest rate of 5.0 percent and, you also have the option to buy a $50,000 municipal bond for a 5-year period at a 7.0 percent or higher interest rate. As for myself, I would prefer to just buy in "cash" a quality used car in the range of $10,000 to $15,000 and call it a day. (smile .... smile).
I can see the vast majority of people in this comment section have never invested a dime in their entire ife, nor do they understand basic math or debt. Debt is not always a bad thing. Debt is simply a tool. In the right hands it can very advantageous. This whole idea that rich people pay cash for everything and never finance is ludicrous. Rich people probably take loans more than anyone. There is good debt and bad debt. Do some googling if you don't believe me. I can't post links.
@@emmanuelemman7699 Acura TL, Honda Civic, Toyota Corolla, Toyota Camry V6 or 4 cylinder. Honda Accord V6 or 4 cylinder. Lexus ES330, Acura ILX, plenty more.
Financing is a trap. If the market crashes with your investment money, you're dead. If you lose your job and can't liquify your investment, you're dead. Leasing limits you with mileage. Property prices crash too, see 2007-2008. Pay cash and stay debt free. Keep the car till the wheels fall off.
Instead of paying your electric bill, you should invest that money. An electric bill will always cause you to lose money at a 100% loss (they don’t pay you). If you invest you can make up that loss plus add 15-20 percent. Then one day, you can start your own electric company 😂😂😂. Seriously though, these people are telling others to ‘invest’ but aren’t telling them a guaranteed way to make that 10%… no way would I listen to them. Just like electricity, most of us need cars to drive.
All this is cool if you're on the come-up and you can't afford it but if you already make a few $100k a year then who cares. This was great info when I was in my early twenties or even teens.
Paying cash for anything is always better, however if you have a low debt to income ratio who cares..either way drive that car until the wheels fall off to me that's the only way to win with a depreciating asset!! If you are always trading and getting a new car you are on a hamster wheel!!IMO
Paying cash is most assuredly not always better. For example, if you can get a subvented auto loan at .9 percent, taking the loan and investing that cash in a high interest savings account will provide a positive cash flow. A $40K loan, for 60 months at .9 percent will cost $922 interest. Leaving that $40K in a high interest savings account at 4 percent will pay you $6,370 over five years. So not paying cash in this example will result in a net income to you of over $5,000.
Another banger bruh, hey look I was watching one of TK's Garage videos the other day, he said Stellantis was giving up to 60% off of new Dodge Ram's pickups 2022's & 2023's with no miles they just been sittin is this for real $25k or so for a new pickup I would definitely consider it ???? 😊
@HemiMuscle Got ya, I got few more upgrades I'm doing on my 2015 Charger before I send you pics I'm like you my car has to perfect no loose ends, it looks good now but just a few more tweaks! 👍
BS .. Buying is better than financing. Why be in debt when you don't have to.
Poor people mentality. This is how poor people stay poor. Rich people don't pay cash, they are too smart for that crap.
@@Marcus_Wulfhart poor people can barley pay rent let alone a car payment its best for them to save up and buy a reliable car. rich people dont pay cash since they can right it off on their taxes. why have a 4-900$ car payment+ insurance gas maintenance when you can knock out the middle man and get a cheap reliable car
Debt is just a tool. A credit card is just a tool. A knife is just a tool. In the proper hands and in the correct scenario it will benefit the user vs hurting them. Rich people use debt to their advantage all the time. Do some research. There's what's called good debt and bad debt.
When you finance you buy.
And paying cash is not always best. For example, you can get a subvented loan at .9 percent. A $40K loan at .9 percent for 60 months will cost you interest of about $921 interest. Leaving that $40K in an high interest savings account paying 4 percent interest will pay you around $8,666 interest over five years.
The simple math shows taking the loan will result in around $7,500 net interest income.
So actually not BS.
First guy literally explained why it was better for him to finance and invest what he has to essentially offset the differences in the debt and make a come up
I've never bought a new car in my life (I'm 52), I haven't had a car payment since 2001. I don't like owing money.
I pay for my new cars in cash but I keep them for at least 10 years.
I'm sorry but this concept of financing a vehicle makes no sense. When you finance a vehicle, you give these banks more money no matter what the interest rate. I do agree that you don't buy it cash when its brand new but for me I normally buy my car cash when they are 3-5 yrs old.
It does make sense in some cases. I financed my 2 cars in 2021 at around 3% both with about 10k miles on them. The return on an S&P 500 index fund has been 68% since that time. Even though the bank is making some interest, my return has been a lot more.
Buying a depreciating asset is the height of stupidity.
@@Marcus_Wulfhartso you're saying just never buy a car then? Smdh
Clearly you do not understand the math behind financing and investing versus paying cash. If you did you would understand how to make financing the sensical thing to do in many situations.
@@Marcus_Wulfhart Virtually everything you buy is a depreciating asset.
Leasing sucks ....Lifetime car payments
Also, leasing is basically renting. You don’t get anything after your lease term is up.
@@_CPerk Actually with a lease you have the option of buying the leased vehicle at lease end for the residual value. When you lease you negotiate the price. During the lease you pay the difference between the price negotiated and the residual value.
So if you lease and buy at lease end you pay the same price you would have paid had you purchased rather than lease.
Leasing is not renting. That is what folks who do not understand leasing suggest but they are wrong.
@@jerrylundegaard2592 have leased two vehicles before. Your statement only covers when leases are bought out. But when a person just leases It is akin to renting
@@_CPerk When you rent you do not have the option of buying nor do you have the opportunity to earn any net value of the property rented.
I don’t care if the car is 100,000. I will still pay cash. I plan to keep any car I buy till the wheels fall off. A car is just a tool to make your life easier, I will never get why we extend our personalities to them.
Debt is also a tool. It doesn't have to be a bad thing. Sometimes it makes more sense mathematically to finance, like when you get a low interest rate
I'm team cash cuz of car insurance. True story I had a BMW and the insurance was wayy too high for me so I used my savings and a loan to pay it off, and I ended up saving 200 a month. But everybody situation varies.
100% You're playing a game in terms of liability coverage only versus full comprehensive/collision, but there's hundreds to be saved by paying cash.
This makes no sense. One wants to take on debt for appreciating assets (a house); cars are a depreciating asset, and the 10% guaranteed return he speaks of does not exist.
He said nothing about a guaranteed return you just yapping
@@JuniorJocker28 look at the first clip- he never stated it was less than 10%; hence, guaranteed.
It’s a depreciating asset whether u finance or pay cash. Totally makes sense from a numbers perspective 4% vs 10%….but I agree there is no guarantee of 10%. An average return on investment is probably more around 8% but this is an average. The real issue and why paying cash is likely better for most people, the scenario assumes that people would use the cash they’d pay for a car and instead invest it. Most people however would just buy more stuff and not stock….and that’s the real problem with this
...Even a house can turn into a depreciating asset depending on the economy. Remember the 2008 Housing bubble crisis where millions of homes were upside in value. Some analysts say the same thing is about to happen again!!!
In order for financing to make sense is you’d have to have the remainder of cash (which 99% of people don’t ) if you 1 lose your job or 2 don’t make return on investment, or both. Also theres no guarantee so 99% of the time financing is stupid. you also end up paying way more financing anyway so even if you do make a return, you losing out on more you could’ve made if just by paying cash.
I like to either pay cash, or finance through a credit union and pay it off early.
All my vehicles are paid off. I drive them for a long time.
But I don’t worry about the repo man. 😁
My next car I buy, straight cash homie.
I would rather pay cash for the car and then invest what would have been my monthly payments.
If you get a low interest rate on the car it still makes more sense mathematically to finance, then invest all that money. Debt is simply a tool. It's not always bad. There is such thing as good debt. Rich people use debt to their advantage all the time. You think most people with rental properties own them all outright? A huge chunk of them are financing while renting it out.
In 2005 I purchased a new Tundra DCAB Limited in cash. In March of this year it will be 20 years old, 250k miles with zero issues. I'm not one to change cars every few years so I am certain I saved way more than all these people leasing cars every 3 years. Also let's be honest that most people (not all) lease as they cannot afford to buy the car they are leasing. So if you plan on keeping the car for a long time I disagree with paying interest.
You completely missed the point. You literally pay more by paying in cash vs financing at a low interest rate, then investing that cash in the stock market that you would have used on the car. It's simple math that a lot of people in the comments aren't understanding.
$ 2000 dollars 💸 a year on maintenance on a vehicle is definitely buying a lemon 🍋 😂🤣🤦🏽
This idea is so typical of people who have never had any real kind of struggle in their life. It's all well and good when the stock market is going up or when your business is going well, but when things inevitably go do, your 10% you're making will flip and go negative. This type of thinking is what lead to the 08 housing crash and many farms and business have been lost by being over leveraged and having way too much debt. If you have the cash, it is best to buy the vehicle outright. Also, if you're not already debt free, you probably don't need to be buying a new car.
1st guy is ignorant. invest with the extra cash that you will be saving by not having a car payment.
2k on maintenance a year is crazy. I don’t pay that much on my corvette.
It must be a BMW or something like that.
If it cost $2000 a year for maintenance you bought some junk.
What happens when the market reverses and your asset or investment goes DOWN by 10%... or more?
Pay cash for your car, and make sure that you don't blow all your cash on your car. Then take the difference and invest that.
Uhh...you leave it in and watch it go back up? Have you ever looked at an s&p 500 chart? It never just keeps going down. It always goes back up. Always. If it goes down 10% today it will be up 20% tomorrow. There's a massive amount of historical data to back this up.
Stupid advice. Buy reliable used cars CASH, and invest 15-20% of your income. The guaranteed 10 percent return from the first guy is a fallacy. The s&p average 7-8 percent over the last 90 years
I drive a 1979 GMC Caballero. 😂
No issues financing a car. I paid 3 vehicles off just making the minimum for the most part. I dont have the greatest of luck when they get over 100k miles
Lol what property is she buying for 100k today a garden shed? Not too mention a new car for 30k.... good luck
OK let's make 1 thing clear,
You do not own the car untill the last payment is made 👍
A lot of the people making the videos don’t know what they are talking about. They talk fast trying to get their point across. Buy the cash car and be done with it.
The only thing you finance is a home...
If you are not a person with a certain amount of money this makes no sense. Doing it like this who have money is a good idea. But if you have big money meaning lets say at least 50k in the bank cash money. And you have money coming in sure. Rock out because you wont miss it. The average person might have 2k in the bank if that. Living check to check. It makes no sense for these people to finance a car. They should buy a cash car. Not a car thats 5 digits or more unless you are a multimillionaire. N that case you have way more then 2k in the bank. I make over 200k a year. I have 3 cars. A 2014 Lexus Gs, 2007 Honda Oddessey mini van, 2015 jeep compass. I never buy new cars because you lose to much money. I do plan on buying a CT5 Blackwing in a year or so after i sell my Lexus. But im putting about 20k down on the car from the sell of the Lexus. But the Black wing has to be 3 years old. The only reason im waiting 3 and not 5 is because its a special car that will hold value much more then a reg CT5. But it really just depends on your situation. Thats the most important part of this conversation. We are all in different financial situations and theres no one size fits all. The 1st thing is what space are you in.
I bought my dream car this year. Brand new Porsche 911 (992.2) convertible. Black with Bordeaux roof and Bordeaux interior. Paid cash for it, best choice ever. Could I have arbitraged the money? Yes. Do I want to? Hell no.
Smart
@@dimitrivancamp1013 Congrats dude. Good for you. What's an oil change cost on her? Just curious.
@moejohnson8459 congratulations to the brother above on the 911( my dream car as well) an oil change is only about $100 bucks..
@@moejohnson8459 I really don't know but the quality of the car is so good that I think that I don't have to worry much about repairs for 10 years. Even after that, Porsche 911s are like war tanks. I know people who have driven 200,000 miles with the original engine and just replaced the regular things like tires and brakes etc
Ahhh so new cars never need maintenance? News to me!
Lmaooo “it needs an oil change?” Said by the woman at an dealership I use to work at 😂😂😂
New Hondas and Toyotas come with 2 years of free maintenance. New Hyundais come with 3 years of free maintenance
ANYBODY OVER 45 FINANCING THEIR PERSONAL VEHICLE HAS FAILED!
Not really. I am over 45 and I could pay cash but I always finance. Since I know math, I understand taking a low interest auto loan and leaving the cash in an investment account is the wise move.
For example, my last purchase was $45K financed over 60 months at a manufacturer's auto loan at 1.9 percent. Over five years, that loan cost me $2,207 interest. Leaving at $45K in a high interest savings account paying 4.5 percent earned me $11K in interest.
As someone that knows rich people and are really, really, really, close to some, close enough to be under the same roof close, The only thing you do and not do. Never buy a brand new car let someone else take that loss. We have bought plenty of cars and paid 30k or more some a little less cash for them. If you keep the car for a couple of years you can sell the car for pretty much what you paid for it so then again it's just like leasing. We have bought and sold about 8 cars in the past 6 years and we always made around the same amount we bought the cars for. Also never let the dealership know that you are paying cash. Let them do all the paperwork as if you were financing that way you will get all the deals and when it's time for a down payment then you say you will just pay cash because they can't go back and change the paperwork once they commit to a price.If you can always pay cash never finance anything regardless of what it is if you don't have too. If you have credit cards only use your credit cards if you can pay the whole amount off every month. You only use credit cards for cash back at the end of the year. Take this free advice as I'm someone who got the means to say what I said.
Buying a company car with a loan is fine since you can expense it. A personal car is not the same.
While the people pro financing makes solid points , the majority of people financing these cars aren’t in that mindset so it’s better for them to pay cash (cash is king )
I would go cash to buy outright or a substantial down payment. When did the car market become finance vs cash? A car is a piece of machinery ment to be used, it’s a tool. Take care of it and will more than likely take care of you. I’m thinking the real issue is many of us have bought more care than we can afford from payment, insurance and maintenance. With car buying we must think about the true cost of ownership.
Documenting the leasing process and experience will be great and very informative content. Paying down that mortgage is the best advice stated by anyone in the videos. I wasn't planning on staying in my house past 10 years when I bought it in 2012. Then 'life' happens and next thing I know, I'm still here. Had I just doubled up on my payments, I would've been free & clear in 2 more years, saving myself tens of thousands. Screwed that one up big time.
$16k owed on a 3-year-old Nissan Versa? That’s already a loss.
I get the logic of investing to make 10% at the cost of 4% interest. But that assumes one will always make a 10% return, where the 4% interest is guaranteed (assuming that also doesn’t go up - it will never go down).
If you could qualify for a 0% or near-zero interest loan, then it makes more sense, but isn’t a slam dunk.
WTF is a Warlock, and what could possibly make it a sensible company vehicle?
thank you- a 10% guaranteed return does not exist, and investing in equities is far riskier than Treasuries, which only yield 5% currently.
Everyone says they will invest the money instead, few people do. I had 20k just sitting in a checking account, not making any interest.
If you’re confident that nothing will happen to your income or that you will have no problem making your payments in the future while you have it, then go ahead lease or make payments. For me however I like to know that I own it and no one can take it from me. Also if something major occurs in my life and I suddenly need money (assuming I don’t have any reserves in the bank I can then sell it. I might take a loss but I’ll then have the cash I need to pay for whatever might happen without owing anyone. Also the girl in the video is forgetting about the house upkeep and property taxes etc etc.
Buying a quality used car for cash is the least expensive way to purchase personal transportation. Next best way is if you are a home owner, use a home equity loan to finance a quality used car. HM, totally agree on leasing. If you can write it off as a business expense and keep the mileage low that also makes a lot of sense.
A large car payment is the most expensive way to own a vehicle. If you have the money and can still save money for the future there is nothing wrong with that. But if it is going to make you car-poor its not a good decision.
I think they are missing the point we're not talking about taking 35k to a dealer to buy a car but more like 10 to 14k to buy an older vehicle.
paying interest on a depreciating vehicle isn’t fun either. yeah i told myself if i am ever in the market for a new vehicle i will cash out on it regardless of cost. if i can afford to drop 80 on a new truck, my business and investments are already doing numbers so im not worried about missing out on a few percentage points by investing that 80k into other assets. i get what they’re saying but im not convinced.
I sleep so much better when I’m debt free. I will not be compromising that peace of mind.
If you’re making payments on a car bought new and you’re upside down, what is the cause of that? If you pay cash for the car does depreciation go away because you own it, or did you buy the whole expense outright? There’s weight on both sides of the argument but the largest difference is how you treat the depreciation.
Definitely keeping this in mind for my next suv! Great video thx🤩
No problem 👍
@@HemiMuscleI’ve heard of people leasing a vehicle-isn’t it better to take a loan vice leasing?
@kw7807 depends it's good for business owners for tax reasons
@ ah, I see. But say for a luxury vehicle-doesn’t it make sense to put some down, say if the car is say 80k, put down say 20k and loan for 60k?
Buying cash is a much better long term decision for most cars. However, the rich don’t buy their cars, they lease. Or if they have like an old school they paid cash for that, but the Bentley’s, Ferrari’s and RR’s they lease.
Wealthy people usually have their LLC lease the car as it is an expense that reduces their taxable income.
@ yup!
Hem this is dumb to me. Nah I'm paying cash straight out. Get it over with. If your making money like that you can save that money every month that would've been a note. Nope buy straight out. Look everything depreciates. These types want to keep you in debt. I don't agree with none of these videos. It's crazzi people want to keep you owing all your life😂. Nah I aint dumb and far from silly or stupid.
There are too many variables for ‘smart’ or ‘stupid’ to be the only answer when it comes to buying cars.
Financed or cash, a car is still a depreciating asset. Why have a monthly payment if you don't have to. It's called peace of mind.
I have a 2020 Camry XLE. It looks like I just drove off the lot. It has 67K miles. 67K in 5 years is not bad.
I had a few calls from the Toyota dealer asking me to trade up. NO WAY JOSÉ.
You should absolutely buy your car in cash. That literally means you can afford it. It will always have some value and no one can come and repo it if something happened to your income. What really needs to be the message is, don’t buy a new car! my 1993 Mercedes had 212k miles on it when I bought it for $1800. I put less than $2000 in parts in it and did the work myself. 7 years later it’s gone over 100k miles without breaking down and that was 7 years of zero car payments. 7 years of freeing up hundreds of dollars a month.
The stock market went up like crazy last November. I raked off 50K at the peak. Cars are on sale in December. Six weeks of profit around November paid for my new car. Basically, a free car.
Leasing is the number one worst. I pay cash for a new car. Why would I pay interest on an item that depreciates??? Nuts. No interest charges.
Financing is usually never better than buying cash. You’ll always end up paying more than the car is worth over the life of the loan than if you would’ve just bought it all cash. Not to mention a lot of people aren’t getting approved at 4%, rather they’re getting car loans with easily twice that interest rate. The only way it makes sense is if you really know what you’re doin and want to build credit, but for 99% of the population, it’s just better to buy a cheaper car cash.
I pay cash and the money I would have used on a car note I invest it’s easy.
If you paid cash you used that money to buy the vehicle. You do not have that money to invest.
@ I have the monthly note I would have had to invest not hard to understand .
@@isaacbenefield4712 You wrote "I pay cash AND the money I would have used on a car note I invest..." If you pay cash you do not have the money to invest because you spent the cash to buy the vehicle.
Perhaps you might consider clarifying what you wrote to make what you wrote understandable.
@ I’m good it’s social media.
This only works if the funds are kept invested, which I doubt most actually do
Another reason why "VLOG STAR" is full of "slick": If I walked into a dealership with $50.000 cash (who knows; maybe the buyer won the lottery or a game show or something), the dealership would take that cash or cashier's check in a heartbeat as opposed to loosing a big sale. I'd opt for getting that thing paid for along with a nice (new build?) home with maybe a 3 car garage to store the new car in.
🤔🤷🏾♂️
Took a car loan out at 19 and paid it off early. Been buying cash cars since 23.
I buy cars 3-5 years old that have lost 50% or more of their value. Keep them for 7-10 years and trade up and use cash when getting another car.
I had the money to buy a car with cash but I financed it because I saved 8k on the out the door price. I made sure there was no penalty for early payoff and paid it off before it hit my credit report. Leasing only makes sense if there are significant changes between the model years. If there are no significant changes why do I need to switch it up.
Im 64 and never had a new vehicle. I paid off my house 15 years ago and have investments. Im not rich by any means but comfortable. Ill keep driving my 2003 Toyota Avalon and my wife her 2006 Avalon.
Bought my Honda in cash in 2009 haven’t had a car payment since 2004 id pay cash any day. I hate payments
Definitely invest the money, get your passive income up whereas you can easily afford the note.
When you finance you commit to the that depreciating asset just like financing. Teens are watching these getting into bad situations.
Ok, so where are we finding 100k properties? That cash flow at 7% interest. Where? In the ghetto...
Leasing, financing, cash. No ONE option is best for everyone. That is why you need to do your research.
Nope. If you're me and I had cash to buy a brand new vehicle in cash, then that's exactly what I'm doing. That's because I keep the cars that I've bought for as long as I can and then some. I don't like the thought of trading a vehicle for another one. All of the vehicles I have were purchased new. And when they are paid off, the only thing I will have to worry about is maintenance, fuel and insurance. The oldest vehicle in my fleet is a 2003 Acura CL Type S 6MT. I purchased it brand new after trading an 1996 Acura Integra LS SE 5MT hatchback that I had purchased pre-owned in October, 1997. About 14 months after paying off the CL, I bought a new Acura TL Tech 6MT with SH-AWD. But I kept the CL. I paid the TL off, so that was two vehicles paid off. Any money that was needed for maintenance, was easy to obtain because I didn't have those pesky monthly notes to bother me. The TL had been paid for about 22 months when it was totaled by my insurance company after a 16 year old hit me and before that another vehicle, totaling all three. I replaced it with a new TLX A-SPEC SH-AWD but that was on a lease. (I don't ever plan on leasing again.) At the conclusion of the lease, I began a purchase plan on it.
I think differently. I don't care about it being a depreciating item. (It can't be an asset if it is depreciating, can it?) I plan on owning stuff, not constantly replacing it. Some stuff, as it gets newer, doesn't get better, but it's replacement salesperson will have You thinking differently. But when You trade away something that was working or driving okay, for a replacement you're never giving your bank account a break.
These people always act like everyone know how / where to invest and the stock / housing market don't go down. Not everyone wants to be a landlord. If you can afford to pay cash and it does not affect your finance, why not ?
I’m 59 and have never had a car payment. I’ve owned nearly 50 cars. I’ve also never had a mortgage payment, and own our home. Why on Earth should I finance?!?
Learn the actual math to learn why.
Title of that video should be “How to get Dave Ramsey to lose his mind” 🤣🤣🤣 I’m for Team Cash…and none of our old vehicles cost us 2K a year to maintain (all older than 10 years old).
I like Dave but you shouldn't take everything he says as gospel. Not all financial experts agree with him 100%. For example, he says to save a 3 month emergency fund. Most experts will tell you 6. There are more but that's one off the top of my head. He also thinks you should never take out debt, while many experts believe in good debt and bad debt. Low interest loans would be good debt (depending on what the loan is for of course)
4:02 THAT (Super important) and how much money person Actually makes.
You aren't making 10% cause capital gain exists... arbitrage is a suckers game. I have always bought my cars in straight cash. I do understand leasing if you want to replace a daily driver a lot (I don't personally but I get it) then that makes sense. Taking a loan out for a depreciating object.
Yea these finance influencers always act like they found a money cheat code
Every person featured is comparing financing vs cash as a 1-to-1 comparison. If I’m paying cash, I’m not trying to buy the same vehicle you are when you’re financing one that is 30K+. In my philosophy of use, the point of paying cash is to avoid the majority of depreciation on a vehicle by purchasing one that’s already taken most of the depreciation hit and still has a lot of life left. I’m not using cash to buy a new vehicle. This notion that any car over five years old is going to be unreliable or it’s going to break down at any moment is absurd on its face, just ignorant. Most vehicles I’ve owned were at least five years old while I operated them and in many cases significantly older than that. Do your preventative maintenance on time and address any issues as they arise. Buy a decent vehicle that is well regarded for longevity and you’ll do fine.
Investment is not a guarantee win. Interest rates are guaranteed. So so if you have the cash pay cash.
Interest rates are not guaranteed. Just take a look at the last few years.
@jerrylundegaard2592 interest rates are guaranteed. No one lends money for free.
OK, maybe you can help me out I want a jeep but I don’t want a new Jeep. I want something like a 80s 90s or early 2000s. Also don’t want it to be decked out. I want a basic Jeep that’s in great shape. I don’t mind if it has miles as long as I can continue and enjoy it so I don’t take risk. I don’t go finance vehicles that “I just have to have” unless I need a vehicle but I want a jeep should I go finance a $10,000 loan to get a jeep?
It's nothing wrong with paying cash. This is the best option if you can afford to do so without using up all your capital for the vehicle. Everyone financial situation is different. Then, it depends on how much the vehicle costs upfront. Financing can be great as well. Just live below your means or within your means. No one wants a repossession on their credit. Repossession in America every year on vehicles are over a million vehicles, that is a lot of vehicles people no longer can afford because extremely high interest rates and car notes. You can never lose paying something off in the beginning. No one can come and take it from you saying you owe them. Especially a vehicle once you have the title mailed to you or signed over to you it's technically yours. If you still have a lean on your vehicle, it's yours to a certain extent. The bank still owns it until that final payment is made on that said loan. All of my vehicles are paid off, and I sleep even better at night. We all have our time to buy things and finance them or pay cash. But the older you get financing any car is absurd, especially when you are in 70 or older buy then you should have everything you wanted. If not, just enjoy your life. You have left, debt in general no thank you. I keep cars for over 10 years and beyond! Maintenance and Insurance. When you pay cash for a vehicle the Salesman loses a commission on that sold vehicle, never tell them you are paying cash upfront, they will raise the price way over msrp.
Thats why you have to watch who you listen to.
So you telling me he can't find two Cash cars to "invest" in? Then save 4% financing troubles
Id rather pay in full cash than pay a monthly car note and be in debt
In today's economy. There is now a considerable amount of risk that you may lose your income or part of it whether you have a business, investments, etc. Not having a payment means another set of hands not in your pocket. if your income changes then what?
These people are why they can over charge people. These people keep talking about invest invest real estate yeah property increase but banking on rental property money is the same as rolling the dice in the stock market. Man if you can buy a car with cash you got money sitting there if things go south. Buy in today’s climate anything can happen. You have to have a lot to put in an investment that pays you 7% it’s hard the average person to find those interest rates you will have to pay an advisor to find those. Financing a car helps the dealer and sales people make more money so yeah they are going to tell you to finance
Wher can you grt 10% at?
I got 0.9% on my car. Did not buy it out, right? Put money in the stock market and tripled it. It worked out for me. My next car will be a cash car from Hertz or Enterprise.
Smart, other than buying a rental vehicle.
Can you lease a car under an LLC? I know you can get a car loan under one but didn’t know you could lease.
Yes, you can.
All these people are right
Sorry, I disagree paying "cash" is best. Unless you are buying a brand new automobile at say $50,000 for a 5-year period at loan interest rate of 5.0 percent and, you also have the option to buy a $50,000 municipal bond for a 5-year period at a 7.0 percent or higher interest rate. As for myself, I would prefer to just buy in "cash" a quality used car in the range of $10,000 to $15,000 and call it a day. (smile .... smile).
So make 10% and pay half in taxes. So smart
My investments allow me to pay cash for my cars and other toys.
I can see the vast majority of people in this comment section have never invested a dime in their entire ife, nor do they understand basic math or debt. Debt is not always a bad thing. Debt is simply a tool. In the right hands it can very advantageous. This whole idea that rich people pay cash for everything and never finance is ludicrous. Rich people probably take loans more than anyone. There is good debt and bad debt. Do some googling if you don't believe me. I can't post links.
When u buy outright you double think overspending. For that reason Barbara I'm out...
Paid $9800.00 for a used car in 2011. Still driving it and no plans to sell.
what car was that ? looking to buy a used car for 10k but idk what i can even look at or where to start lol
Smart
@@emmanuelemman7699 Acura TL, Honda Civic, Toyota Corolla, Toyota Camry V6 or 4 cylinder. Honda Accord V6 or 4 cylinder. Lexus ES330, Acura ILX, plenty more.
Financing is a trap. If the market crashes with your investment money, you're dead. If you lose your job and can't liquify your investment, you're dead. Leasing limits you with mileage. Property prices crash too, see 2007-2008. Pay cash and stay debt free. Keep the car till the wheels fall off.
Instead of paying your electric bill, you should invest that money. An electric bill will always cause you to lose money at a 100% loss (they don’t pay you). If you invest you can make up that loss plus add 15-20 percent. Then one day, you can start your own electric company 😂😂😂. Seriously though, these people are telling others to ‘invest’ but aren’t telling them a guaranteed way to make that 10%… no way would I listen to them. Just like electricity, most of us need cars to drive.
Why don't you just buy two vehicles for around $10,000 invest the other $20,000 into the S&p 500 and call it a day😂
The delusion is unreal. Cash car becauze RETIREMENT is the goal.
All this is cool if you're on the come-up and you can't afford it but if you already make a few $100k a year then who cares. This was great info when I was in my early twenties or even teens.
True but Good thing youtube is full of 20 year olds and teens 👍🏾
@@HemiMuscle Hahahaah very true bro
I'll never borrow again.
Paying cash for anything is always better, however if you have a low debt to income ratio who cares..either way drive that car until the wheels fall off to me that's the only way to win with a depreciating asset!! If you are always trading and getting a new car you are on a hamster wheel!!IMO
Paying cash is most assuredly not always better. For example, if you can get a subvented auto loan at .9 percent, taking the loan and investing that cash in a high interest savings account will provide a positive cash flow.
A $40K loan, for 60 months at .9 percent will cost $922 interest. Leaving that $40K in a high interest savings account at 4 percent will pay you $6,370 over five years. So not paying cash in this example will result in a net income to you of over $5,000.
Only for credit purposes
Buy a used car, cash. Save your money, then invest if you choose.
Car is depreciating regardless how you buy it.
He's definitely not talking to the average vehicle purchaser 😂
Another banger bruh, hey look I was watching one of TK's Garage videos the other day, he said Stellantis was giving up to 60% off of new Dodge Ram's pickups 2022's & 2023's with no miles they just been sittin is this for real $25k or so for a new pickup I would definitely consider it ???? 😊
@louiswatson6227 always listen closely to what he's saying bro the key word in that video was (POSSIBLY), so🤷🏾♂️
@HemiMuscle Got ya, I got few more upgrades I'm doing on my 2015 Charger before I send you pics I'm like you my car has to perfect no loose ends, it looks good now but just a few more tweaks! 👍
I buy my cars cash, I buy my properties cash.
So their paying interest to the bank. Damn