Time to sell-my monthly payments are insane
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- เผยแพร่เมื่อ 7 ก.ย. 2024
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James's YT channel: / thestradman
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Sell the Bronco and the Ferrari, and go for the hunt of a other car, make that one nice and sell it, so you have fun and stuff for a youtube video.💙
I want to know who you go through for car insurance! That’s pretty good pricing for those cars!
Please subscribe to my channel, cool automotive content i am new on youtube, it mean a lot to me!! Thanks very much 😊😊😊 my channel is @testdrive.tv23
9.24 percent? you could get a better rate from the Sopranos
Dave Ramsey would have a stroke if he saw this. 😂
😂😂
LMAO
The mod you should do to all your cars is a battery cutoff switch.
I don't think most newer cars would like that very much.
@@270trevon he could always invest in some battery tenders I guess.
Really love the transparency and numbers haha. I remember at the end of 2021 you made a video about your expenses versus your youtube revenue, with it being the start of a new year it’d be interesting to see a follow up now that the channel is a couple years older. Anyway, love the videos, one of the few youtubers I’ve watched every video from haha.
I was just thinking about the same thing
Love to see my guy Burlacher posting content again 🫡
It’s the accountant dilema I swear. I did/do the same things lol. I swear looking at million and billion dollar accounts and condos IDs all day you become desensitized to a payment or rate since it’s a fraction of the numbers you see all day.
Just numbers on a spreadsheet, can’t feel them. But I can feel 0-60 in 3 seconds or a new track time lol
You should consider buying a couple battery tenders for when the cars sit for so long. It’s better for the batteries and you don’t have to deal with jumping them.
So nice to see and hear from you twice in one week.And yes,I knew what that bag was immediately.Father of three.
Impressive. Only champions can handle 3 kids 💪
I like that you’re upfront about the loans and interest. Its a good learning lesson
I have to sell my Mustang today much under value, its good that you upload this video, it makes me smile even on such a sad day
Nick, what you need to do is keep all your shoe boxes amazing investment in a year or 2 them shoes gonna pay off grab them 4s remaster 2 pairs at lease
I grew up near an airport and I loved seeing the blue angles. That blue angel mustang is such an amazing idea and brings back nostalgic memories. Awesome cars you got there!
Maybe your problem is you sell a car because you can’t afford it then go out and but another car for the same price 😂 the cycle keeps repeating
I do the same with watches lol and cars actually. It’s a sickness
It’s a fun cycle. Haha
He said he’s not upside down so he’s doing just fine.
@@mo-ologyempowerment3851he’s upside down by a lot. He’s going off his remaining loan balances so for example the Shelby that he took a loan for 60k on 3-4 years ago is worth 45 now and he’s down 15k. He was basing it off loan amounts. That means if he just didn’t take out the car loans he would be up 300k if he just didn’t own the cars. I think it’s a great idea buying cars for content if it’s your passion but he’s obviously not very wealthy probably making 200k/yr without TH-cam. He shouldn’t have more than 1,500/mo going to cars for videos. I make a little more than 350k which is probably what he makes with TH-cam and I couldn’t afford more than the Subaru lol. I save 50% for mutual funds and 15% pre tax retirement, which is the smart thing to do. It’s not good but I think he’s entertaining, but could do better for and accountant being his net worth might be 500k and he’s around 40 only getting 50k views on a short term job. ( also when I said Shelby, talking about the Mustang.)
Funny how people are brainwashed that "debt" is good
Good to have u back consistently ❤
I mean he must
My wife and I payed our cars in 2006. I love not paying for a new car. Rather pay off and drive till the wheels fall off. Both run great. Need to get mine into the shop to replace the belts and fluids soon. Wife says i can go by MySQL a new MDX and nope mine is running perfect so no. I say another 10 to 15 years.
This video was just to flex on us to show that he’s in a good financial situation either way it’s inspiring.
Absolutely NOT in a good financial position. Dude is drowning in debt, would be a millionaire much sooner by simply properly investing all those monthly payment. If you pay attention to what he says, he has under 100k in liquid available. Not smart at all
Hard to believe you have an 800+ credit score with so many vehicles financed.
My advice would be to keep the Bronco since it is fully paid off and use that as your winter / family vehicle alongside the Subaru. Then, sell the Shelby to get rid of that high interest loan to be able to put that money towards the other cars. The interest rate on the Ferrari is crazy but I think it would be wise to keep that since it is an exotic, it can provide more diverse content apart from the muscle cars for your channel. Whichever route you decide we will still support you Burlacher!
Always watch the market on previous models, depreciation values etc. Yes, they can go up and yes, they can go way down. The things to keep in mind is the mileage first and foremost, 2nd is the rarity of said vehicles. Third is the hardest; can you part with said asset when the value is there?
I am someone who has been in the exact same shoes. Over years of processing how to. I do now own my own home (paid for), I own all my cars also (paid for).
Equity is king, if you know when to part with said assets you will be crushing life to the fullest!
yeah - your monthlies are INSANE! As a tiny channel, I can't imagine being able to do that kind of stuff. I struggle to keep my garbage fleet going, it's hard to conceptualize all that high end hardware.
I feel you on the interest with your cars. I just bought a 2021 Ford Bronco Sport with the Badlands package and in Canadas current market my interest is 8.99%. It’s ridiculous
Pro tip: get small bags to use for #2 diapers and immediately bag and take them to the outside trash. I keep my trash inside the garage so it’s less of a pain.
Sometimes you just need a snack for fuel. More Content brother Burlacher
My friend that is a lot of money for car payments but what's good about it is your TH-cam channel kind of pays the payments for them cars so actually what you're doing is smart
I'll be honest, I'm not really into exotic car Burlacher. I have always been here for Muscle car Burlacher. As a subscriber, I would not be upset at all to see the Ferrari go.
Its time for a trickle charger. Please for the love of your car battery
My goal is to just drive them more. 😎
Bought my 2014 911 C2S for $65k last November. Financed $40k of it with a 790 score and still got 8.99%. Hopefully rates come down this year so I can refi
I think that what you failed to point out is that most of these cars are business expenses to offset income tax from TH-cam ad revenue. Some time ago you shared that you were pulling in a cool 80k per year in ad revenue. Not get rich revenue, but when offset by $72k per year in car costs, it all kind of works out that you are getting the cars cheaper than it appears.
Been looking for someone to point this out 😎 spot on 💪
I was thinking the same thing.
I finance my first car last year at age 40 and it was a 2024 corvette and my interest is 7.8.
How much are monthly payments on the new corvette?
Happy new year big guy ,best wishes to the family
That’s insane to think about almost $6K a month for everything, but as long as you are still sticking to your core principal you talked about in a similar video a year or more ago that you would never spend more than your channel was making, then I think your good.
4:21 It's funny when you say things like that because in almost evry video you open a box of brand new shoes
Insurance there is crazyyyy cheap i live in ontario canada and i pay $205 a month for a 2003 mercury grand marquis with no tickets or accidents and have been licensed and insured for over 15 years
Just a suggestion; you should wrap the Hellcat just like your flannel, red and black checker baby!
It would be an experiment for science to see if people would like it and it adds zero calories!
GO LIONS!!!
Sucks to suck. TH-cam is NOT a career. When you are like me and have a business that literally prints $1.2M a year while you sleep then you can say you are successful.
You have 151 thousand in equity until the car market crashes and then your upside down on everything
Having a daughter that will be 2 in March, as soon as you walked out the garage, I knew what was in that bag🤣 that said I totally understand your situation, I struggle with that myself as my 3 payments (wife's Durango, boat and my Ferrari) total approximately the same as your payments, and I wonder if having 2 seater cars at this point in my life makes sense or not because if I take the Ferrari, either we have to take 2 cars or I go by myself, but I love the Ferrari and it has been a dream of mine since I was a child to buy one. We're very fortunate to have these kinds of "problems" to worry about, and I am definitely not complaining about my situation, just hear to say I feel you on this.
Great fun 🤩 listening to you Nic. You always seem so happy and I’m sure Baby 👶 B will be happy too. Best wishes, Bob M.
My e92 M3 is paid for
Commuter Lexus ct200h 2.14% 260 a month.
Bmw x7 4% 980 a month
Ram trx 6.4% 1320 a month.
I feel you man. Your Shelby is like my trx in that it's a family car. That's the only car I got during this economy. My plan is to keep the trx until rates are better and refinance. Potentially sell the x7 when she wife is over it. My e92 M3 is my moving savings account. It maintains good value that I can sell at any time for money. Ct 200h is too cheap to pay off similar to your Subaru.
When it's time to sell... check us out! 👍
I think having the hellcat and gt350 is kinda redundant I would sell 1 of those and put that towards mods/ferrari to cut down on interest expense .
Love to see the frequent uploads! It’s like a little gift 😉
Didn’t see the Ferrari on the insurance page?
Your inspiration and idol guy that helped you in life would be so proud of you p.s stadman
Love this guy... And it looks like the old rusty couch is gone 💯💙.. Great video, keep them coming
That's a lot of car payments
Thanks for being so honest about it. At least you do it for content to make income. Unfortunately, too many people watch these videos and attend cars and coffee and think they need expensive cars to show off or be part of something and screw themselves. It is not equity in the cars that you have. You just paid it down faster than they are depreciating. LOL. Rental properties on the other hand are not as flashy, BUT the income from them over time can pay for all the toys... forever! People need to buy assets that make you money to pay for the toys, or you will work forever. It is the way! Keep up the great videos!
Lovely collection. I think the only one I wouldn't spend my own money on is the widebody Hellcat. For no rational reason other than personal taste I don't like the unfinished look of bolt on widebody kits.
I’m in the UK and the numbers thrown out here (appreciated btw) make me cringe! I love your channel and honestly the American muscle does it for me more than the (very expensive) Ferrari, if selling that means you can do more then i’m all for it. ✌🏻
I think you did not get the price correct on the hellcat and the Shelby GT350 because of the mods they have, if they where stock maybe they would go for 50k and 65k respectively. They are extremely hard to price with those mods. Definitely not upside down but not the value you calculated I’d say
At least none of the loans are upside down, that makes stomaching the debt easier when there's an escape plan should things go bad. I know some people that got high interest loans at like peak dealer markup times and the values have since come back down 😵
Exactly. And I can either refinance if rates go down or sell it if needed/desired.
Your insurance isn’t bad considering the fleet.
I’m at $200 per month. On two paid off cars worth $35k. Maybe. Oh. 1 driver retired. The other is work from home.
Add $25 per month for my classic car. $45 for my freaking golf cart. Stupid…don’t ask. Suddenly I at $276 to be exact, for a much more modest “collection “. Utah sounds like a good place for car insurance premiums.
Try doing like stradman and pay the car off and avoid payments!!
stradman finances alot of his vehicles.
@@stoneman8110 I know the $35,000 a month but I thought the rest are paid off? I wasn't in no way being rude just throwing out a suggestion....
He has actually paid cash for almost every single vehicle.
@@Burlacher that's what I thought , wish you the same success, your a good guy for sure!!!
Assuming your channel is monetized and gets sponsor money, (which would be interesting to see with these figures - sorry I know thats probably overstepping), thats some justification for the purchases haha. Thanks for the content man, I enjoy your channel!
thats crazy that what you pay for your shelby f150 is wheat i pay for my xlt 2010 f150 and ive never been pulled over or been in a crash
I’m here to support the “bad decisions”.
I don't have a car payment, kids, wife, or a mortgage. No stinky diapers 😂 in the black and it feels good in the warm Cali sun eating some tacos. Granted I don't own gas guzzler high insurance vehicles
Why not sell all of them, take the 150k buy a nice daily for 50k and a newer sportscar for 100k. This way you will have another 5000 to spend on as much pizza, starbucks and shoes and whatever you want.
Why have 6 cars that just contribute to stress and cost you money. Since you can’t even drive them at once.
It's all those POINTLESS new kicks you keep buying! You got two feet, you only need a couple of pairs!
It also isn't right as no man should have more than 6 pairs of shoes, ranging from flipflops to work/hiking boots!
This is my opinion, love your channel!
As a 21 year old with new drivers history I got a 16.5 interest on a 2011 bmw 328 and I had a 740 credit score smh times are tuff with the interest rates
Those are crazy payments.
My man stuck them poop-shooters right in the recycle bin so watch out for your 100% recycled paper plates in a few weeks 🤣🤣🤣🤣
"KEEPING UP WITH THE STRADS"
😂👍
I wish I had some lower interest haha I was in a tight situation and got screwed for 18% interest on a 17k car…😭
You pay more in car payments than I make a month 😂 keep crushin bro!! 👊
Definitely more than I used to make. I’ve been fortunate to have a good career. Keep the grind!
I owe zero dollars on 3 vehicles I own. 😊
Economy is about to collapse, and people don’t realize it’s better to have money saved them be sorry in the future
What I’d like to know, is how much you need to make per year in order to be able to afford all of these car payments, and a mortgage.
A few years ago,my ex and I purchased a new truck. Fast forward a few years and the bank has refunded all of the money that was paid on the truck due to an unfair preditory loan. Unexpectedly I may add.
We need a Trackhawk on the channel. Family car👀
Collecting baby Burlacher shoes. That's awesome!!!!
"I don't know why... it's just science."
I think you should lease a car like James does.
Maybe pay off the hellcat and use that car payment to double up on the truck or Ferrari. Just a thought
Refinance with Mountain America CU. I use them and the rates are way better than on the truck and Ferrari. *Not a paid product placement
Watching this from South Africa is so funny because even with a good score the best you’ll get is 10.5%
Oh, don’t worry you’ll be fine. Just use the snowball method.
Paying $95 a month for the GT350 insurance and I'm paying $306/month for my 19 5.0. make it make sense
sell the Bronco to have cash to make the repairs/mods to the Ferrari, and once the Subaru is paid off in about 7 months then that’s $677/month (including insurance) that’ll be freed up
If I had a hellcat and put a pizza in the trunk it wouldn't have turned out like that.
@burlacher But how much do you make off TH-cam from the cars you own? It has to balance somewhere right?
Bro, put some air in your tires 🤣
I might go do that right now 😁
Did burlacher put a pizza in the trunk lol
God i wish i had your job that way i could afford those cars. Dang.
Ya know, i actually really like your content. Its just missing something and i can not think of what it is. But I'm here for it nonetheless.
Damn, look at all that deductible business expenses used in this video 😂
Only burlacher 🤣🤣🤣, made an opening video by disposing baby diapers in a car content video. What a unique legend 👌
Idk what I’d do if my interest rate was only 9% my Honda accord has a 21%intrest rate but I had 500 credit when I got it
love the content from Australia 🇦🇺
Appreciate it! Australia is on my bucket list to visit one day!
Looks like you need to invest in a battery tender for that Hellcat.
If that collection was mine I would definitely sell the Hellcat, in my opinion the wide body kit is goofy looking…
SO YOU STILL PAYING FOR THOSE VEHICLES ......🤔 so you losing money on those vehicles....to much loans!!!!
I would sell the Mustang and cash out and move that money into the Ferrari or the Daily Driver Shelby!
This guy is smart financially, he’s okay lol he makes really good money as well. relax😂😂
Every time I see that hell cat with the Frankenstein rivets on those hideous fenders, I throw up a little in my mouth. The lines on the stock Challenger are iconic- sacrilege😢
I laughed when you talked about your equity in them all hahaah
Yooooo love from India 🇮🇳
There is only one Stradman 😂😂
and its not you 😂😂😂
that insurance total though 👀 I somehow ended up paying $100 a month for two cars, but I keep hearing insane numbers from everyone
How did you manage that?? Good job finding a solid insurance rate 👏👏
@privateauto I heard somewhere that calling an office to get a quote gives you a lower price that one of those online generators. I would have to assume that not crashing your car helps. My cars are also pretty old.
Aren't you in finance what do you have as a extra stream of income. Take any finance advice from yogi Myers, and buy a storage unit complex.
Should sell the Ferrari.. when I watch a burlacher video (I think raw muscle).. you’re a ford and dodge kind of dude.. leave the exotic vehicles to stradman.