Wilfred it's a joke about a shit channel called "JR Garage". Kids driving their parents-owned supercars, claiming that they are theirs. Which is a fucking lie. They tell everyone that they bought the cars themselves when they made a lemonade stand at 5 year old and then that they saved their parents out of debt by investing in penny stocks when the market crashed in 2007 (they were fucking 10 years old in '07) pretty much, they are full of shit. If they admitted that it's their parent's cars, it would be so much better, but they are liars and brag about cars they do not own.
Tabarnacos2 What I find Crazy is how many people believe him and think that everything he's telling them is 100% true like how gullible can you be. When I watched his video on how he explains he can afford all these cars at such a young age because of a lemonade stand I laughed my ass off. 🤣
I saw a guy finance a used Viper with no job, no down payment, and like a grand in his bank account. He went to a private lot with in house financing. They made a deal where he used his home as collateral where his elderly parents also lived along with many other relatives. It was a trailer park but he owned all of it and rented to people. Long story short he blew the motor driving like a jerk and was making payments at 27 percent interest on a 6 year old Viper. He was also making payments on mandatory full coverage insurance. He blew the motor and paid 20k for a new one. He also blew the trans and it was almost 10k. He eventually lapsed on his insurance and payments and blew the motor again while it was in his yard. They repoed it with a hole in one of the pistons and went after him for the remainder of the loan. He ended up selling the property because he couldn't afford to settle the dispute and couldn't refinance the property. He owed like 50k on the car and displaced his entire family because of it. It was truly awful to see what this guy went through in order to drive a nice car.
all i could find on the interest rate from woodside is 5.99%, so it could be worse based on your credit score 220,000 for a used exotic ( say a two year old huracan) at 5.99% for 144 months with a 10% down payment and 8% sales tax = $317,986.89 total paid after 12 years of payments at $1,931.16 per month thats $80,086.89 in interest alone. for a car that MAY be worth $80,000 after twelve years of you putting miles on it (and probably neglecting to maintain it because you can't really afford it) no thanks
That’s why it’s good to buy for $220k cash and whatever the monthly payment would have been, that can be used for insurance and gas expenses, maintenance.
@@thesolojourney8955 That's why you don't buy new if you use these long term loans. 6%, because over 750 credit, 25% down, no or low points on insurance, 5-10k in your pocket for emergency expenses. Usually, you can find the bottom of the market for the car you want, and have patience to find the right deal. ie; you will probably be fairly safe in a 90k Gallardo, and what I mean by fairly safe is less risk. Depreciation won't be that much, and probably won't keep the car the entire length of the loan. Like everything, you pay to play. Obviously over 12 years, it's not a great deal staring at the money. You pay like 80% of the total over 12 years if you stay in it... but you get to own and drive your exotic for 12 years. How much a year is that worth to you? 4k a year, 333 a month? For someone that can shoulder that payment, it's worth it. Pay to play... Look how much interest you pay with your home mortgage... Usually when people buy bigger boats, same thing... It really isn't that big of a deal. Unless you make 60k a year and think it's for you.
_ incognito _ Or take a loan for 3% and invest the 220k you have in cash and put that in real estate/stocks which should get you around 6-7% return per annum which covers the interest payments with some profit baked in
Dude. A huracan will never be 80k. Gallardos arent even 80k and they are 20 years old almost. Cheapest one i found is about 95k. Huracans are a different story. They are more expensive out the gate than gallardos. Cheapst huracan is 165k right now
144 month loans only makes sense for a car that you can't afford and keeps it's value, a car that you can't afford and raises in value, or a car that you can afford but you know that you'll never sell it.
When I can afford an exotic car I will pay for it. I'll simply wait until that purchase is not a risk for me. Until then my ultra performance vehicles will be motorcycles.
A lot of this goes along with owning an older exotic car. You have to keep in mind the maintenance costs are based off of the original price of the car. Even though you may have bought a car for $10K, it was originally $100K and you are going to pay parts prices that reflect that it is for a $100K dollar car. Be careful people, don't ruin your finances trying to own a cool car.
PGTMR2 the last gen saw blades do look pretty good on the c4. Seen a lot of them on German cars too. I did agree though that they looked terrible but the last gens did grow on me.
I absolutely 100% agree with you Rob I personally purchased a car that I definitely couldn't afford at the time and I was so worried about maintenance cost. Thankfully I sold it and made my money back but not everyone is that lucky. Definitely just wait till you can afford the car you want.
I would absolutely buy the right super car this way. Take the Ferrari F12 TDF for example. It was roughly $325K new and very shortly after it is now in upwards of $750K. Just sayin if you know what your doing and what cars will gain value then this could work quite well. However their is always a risk!
Jimbo's (aka streetspeed717's nut swinger) car as back drop...ehh those wheels are hideous in Jimbo's Rockville Maryland home as well as Robs Long Island, NY home. Oh and the video is common sense. Basically don't apply for a mortgage as a car loan. 👍🏻
I disagree! I always go for the maximum length when financing something. This way I have leeway to do whatever I want with my income. What difference does it make as long as you're only keeping the Ferrari for 2 years anyways.
Good call, yes you can find a way to buy an expensive car but if you have to jump through hoops to afford the car, you cant afford the car. Totally agree!
Great content Rob as usual. Keep the vids coming. I've been a fan of your videos since before the TH-cam years. Back when you were doing the DVD vids and people could get away with having more fun in cars without worry of police, ha. These 90's babies have no idea what I'm talking about
At least one person (Rob) can stand up to debunk one of their BS articles. Tired of seeing everyone on Facebook sharing shit from huff like it's a peer reviewed article.
144 month loan to have a lower monthly payment compared to traditional 60-96 month loans. Ideally, increase your income, make extra payments and pay off the car in a lesser timeframe. all while having low payments enjoying your dream car. Am i wrong?
Rob speaks the truth on this one. If you gotta run all these tricks to get a car - better off working on an investment that can pay for the car. Wannabe's were and will be forever especially now with social media so there will always be the $30k Millionaire.
Best is to be in the top 3% if you're getting into the Euro supercars. Buy it new so there's at least a factory warranty, use a home equity line of credit to deduct the interest from your taxes. Or, get a lightly used Corvette, get 90-95% of the Euro car's performance, much better reliability at a fraction of the cost for everything. A used C6Z can now be had for about $35K in good condition. Where can one get a 200 mph car for that little coin? Or a new C7Z for $82K if you don't go nutty with the options...The OEM pads and rotors for the C6Z can be had for $700 delivered (non ceramic). Try $2000 just for the front pads/rotors for a 911 C4. Or nearly $6K for one Lamborghini rotor (ceramic). I love to look at those exotics. But, owning one? Damn scary....
Huffington Post producing anything of value is comical... But we all knew that already. Thanks for reassuring us we were correct w/o having to read anything they publish.
"Or the market adjusts" ... HELLO, that's happening now. You can but a McLaren for $150 - $200,000 off the sticker price and it will be more in 6 months time.
As much as I love the content of this channel....I'm usually only here for the spaghetti comments 😂 another mint ass video from Mr. Spaghetti. Love this channel
there’s a difference from being able to buy something and afford it. A person could buy anything if they really wanted to. but can they afford the gas the parts the servicing the repairs the insurance and ultimately the life style. No, no they can’t. so don’t just buy something if you can because you might not be able to afford it. I like this video
In this episode Rob tells us why simmering your spaghetti and meatballs for 144 months is foolish and that Huffington Post has terrible recipes and can't be trusted to even make easy Mac.
Never borrow. Only save. Pay cash for the best 15 year old car you like and can afford. (Example, 2002 Porsche 996.) Perform all necessary maintenance but do not put money into the car. Continue saving. Repeat as needed, only buying cars you like and can afford that are also fully depreciated. Congratulate me for trimming 10 full minutes off Mr Spaghetti's 10:16 ramble.
Rob, i totally agree. however, what if you want to only own the car for a year or 2 & have low payments then just pay off the bank after 2 years? you get what i'm saying? say you want a 430 for 120k. what do you do if you want to own the car for 2 years & don't want to own it for so long? just stretch out the payments to have low monthly payments
Just waiting until the LLC loophole is closed because everyone and their mother is doing it. 100% correct on the "not free" part. Sadly people want everything now and no longer work for anything...
Maybe they fixed the article, but the author suggest a 120 month term plan, not 144 months on a 12 y/o or newer car. This is still crazy planning paying out for a car that you're probably not planning to hold on for that long in the first place.
Step 8: Lots of cash rule, to make all prior 7 steps work, have lots of cash. To get a good deal on financing an exotic, have lots of cash. To find the right exotic and do due diligence, have lots of cash. To have good enough credit, have lots of cash. To own that exotic considered a good deal, spend lots of cash.
Two points. Montana LLC makes sense.The LLC maybe cost $800-$1000. That’s still less than the tax on a $150,000 or $250 ,000 car period ,also the trick with the penfeld or woodside loan is u are buying low and selling high to break even or get a high ROI and u are only keeping the car for a year or two. If u wanna keep the car get a lower end exotic and get loan for no more than 45 months and obviously have a daily driver
I remember a spot that Michael Savage had years ago (when he was new, interesting and edgy) where he said in the old days, they considered a mortgage a necessary loan. They considered someone who took a loan out to buy a car they couldn't afford to be a poser. Someone with a journalism degree from cluck university probably talked to someone they found on youtube or who called and said they wanted to help with an article. That's what journalism is these days.
It even gets more insane...finance your computer/cellphone/electronics for 6 years...that stuff doesn't even live that long...so you have your x-phone 3 and your still paying for a wrecked x-phone 1. And then they wonder why people get more financial issues. Even saw normal car "finance 100% for 8 years", with a monthly payment that doesn't even cover the loss of value in the first 5-6 years...than you need a full insurance package for the whole time that balances the loss of value, in case you wreck the car, you don't end up paying your bank for a totaled car.
Only car I’d bite the bullet on a long term loan is a classic car or a ultra low production exotic I plan to Own and keep regardless of upkeep. Like a NCRS top flite car or something
I work for a financial company that loans for many things etc. I do agree upon a lot that you are saying. The article does not make sense, I don't get why they wrote such a load of horseshit. Very dangerous.
There's a lot of b.s. spewed in media and social media that should be considered dangerous when their target audience are sheep that cant think for themselves.
The loan terms are bad, but the car in the background shows it's not the worst mistake you can make
bruh lol
Jason Woods I doubt he financed it
If the m Mazda miata spaghetti edition was behind him, this would be epic
i like how he stood in front of someone else's car and made no mention of the channel it goes to
Jason Woods 🤣🤣
You're not my mom Rob, I'll buy a Lambo if I want.
crisray6789 LMAO😂😂😂
crisray6789 you prepared to live in it? lol
William Cao you can live in a car but you can't race a house lol
William Cao you cant turbo a house, take this L
William Cao stfu punk ass bitch let him live his life
If you *really* want a Lamborghini, then do what professionals do, open a lemonade stand and invest in penny stocks.
Old but gold
Tabarnacos2 where is this from? I'm always reading the same shit
Wilfred it's a joke about a shit channel called "JR Garage". Kids driving their parents-owned supercars, claiming that they are theirs. Which is a fucking lie. They tell everyone that they bought the cars themselves when they made a lemonade stand at 5 year old and then that they saved their parents out of debt by investing in penny stocks when the market crashed in 2007 (they were fucking 10 years old in '07) pretty much, they are full of shit. If they admitted that it's their parent's cars, it would be so much better, but they are liars and brag about cars they do not own.
Tabarnacos2 lmao ohhh alright . Thanks for clearing that up . I literally read that comment on every car channel. Pretty funny
Tabarnacos2 What I find Crazy is how many people believe him and think that everything he's telling them is 100% true like how gullible can you be. When I watched his video on how he explains he can afford all these cars at such a young age because of a lemonade stand I laughed my ass off. 🤣
Rob, I finally saved up $50 dollars, time to go buy 8 Bugatti Chirons and LaFerraris with this God tier advice!
Kostas Sterling 12527 month finance is always a good option
don't forget to drive them home! preferably all of them at the same time, with some chains!
Rob: "This is the worst advice I've seen"
Someone else: "Hold my beer"
144 month financing?! That’s ridiculous. I need 200 months at least...
DeCarlo Calloway 😂
288 months! Come on down!
Wait a minute, so you're telling me the Huffington Post doesn't know what they're talking about?
John your statement is too narrow. More like all stupid people. They are a larger category than specifically liberals.
It's rare to see a decent story on there. Not my go to by any means.
You are just sounding more stupid then the people reading the paper by furthering a divisive narrative.... Was my main underlying point.
What does that even have to do with this conversation?...
Yeah, if they follow the Huffington Post like a Bible?..........Let Them Burn in Financial Hell I Say!
In this video Rob Spaghetti tries some spaghetti made by millenial journalists turns out it's fake spaghetti.
Inner G omg 😂😂😂😂😂 the best
Inner G hahaha
Inner G top ramen
look up woodside bank lol they do 144 month terms lol
144 months? and I thought 5 Years for my Mazda was too long 😄
I did 5 on bmw and though I was stretching it a bit... lmao
Michael Davis Yeah I’m doing 5 on my M4 and I did 30K down at the dealership lmao.
epic username
@@JiuJitsuM4 Waste of money, its going to depreciate greatly and they are endless money pits
Brad H I payed it off recently. It’s my daily
You write the article then.
"You can own a supercar, just follow this step"
1- Have enough money to afford one
I saw a guy finance a used Viper with no job, no down payment, and like a grand in his bank account. He went to a private lot with in house financing. They made a deal where he used his home as collateral where his elderly parents also lived along with many other relatives. It was a trailer park but he owned all of it and rented to people.
Long story short he blew the motor driving like a jerk and was making payments at 27 percent interest on a 6 year old Viper. He was also making payments on mandatory full coverage insurance. He blew the motor and paid 20k for a new one. He also blew the trans and it was almost 10k. He eventually lapsed on his insurance and payments and blew the motor again while it was in his yard. They repoed it with a hole in one of the pistons and went after him for the remainder of the loan. He ended up selling the property because he couldn't afford to settle the dispute and couldn't refinance the property. He owed like 50k on the car and displaced his entire family because of it. It was truly awful to see what this guy went through in order to drive a nice car.
Fake news😂
I miss the old videos when you were running from cops and doing the bull run rally's
Bad Luck Guy yeah him running from the cops was very entertaining!
plenty of DVDs to watch over and over again.
God forbid the guy talks about something that requires you to use your brain
Really aren't a lot of people making content like that.
Rob has kids now dude. He can't risk jail time while he has a family to take care of lol
all i could find on the interest rate from woodside is 5.99%, so it could be worse based on your credit score
220,000 for a used exotic ( say a two year old huracan) at 5.99% for 144 months with a 10% down payment and 8% sales tax = $317,986.89 total paid after 12 years of payments at $1,931.16 per month
thats $80,086.89 in interest alone.
for a car that MAY be worth $80,000 after twelve years of you putting miles on it (and probably neglecting to maintain it because you can't really afford it)
no thanks
That’s why it’s good to buy for $220k cash and whatever the monthly payment would have been, that can be used for insurance and gas expenses, maintenance.
@@thesolojourney8955 That's why you don't buy new if you use these long term loans. 6%, because over 750 credit, 25% down, no or low points on insurance, 5-10k in your pocket for emergency expenses. Usually, you can find the bottom of the market for the car you want, and have patience to find the right deal. ie; you will probably be fairly safe in a 90k Gallardo, and what I mean by fairly safe is less risk. Depreciation won't be that much, and probably won't keep the car the entire length of the loan. Like everything, you pay to play. Obviously over 12 years, it's not a great deal staring at the money. You pay like 80% of the total over 12 years if you stay in it... but you get to own and drive your exotic for 12 years. How much a year is that worth to you? 4k a year, 333 a month? For someone that can shoulder that payment, it's worth it. Pay to play... Look how much interest you pay with your home mortgage... Usually when people buy bigger boats, same thing... It really isn't that big of a deal. Unless you make 60k a year and think it's for you.
_ incognito _ Or take a loan for 3% and invest the 220k you have in cash and put that in real estate/stocks which should get you around 6-7% return per annum which covers the interest payments with some profit baked in
Dude. A huracan will never be 80k. Gallardos arent even 80k and they are 20 years old almost. Cheapest one i found is about 95k. Huracans are a different story. They are more expensive out the gate than gallardos. Cheapst huracan is 165k right now
144 month financing. That's a damn mortgage
>Huffington Post
Well there's your problem there my dude.
In this video Rob tells us how to borrow money from a loan shark.
vaiojoe I think the idea was how NOT to do that...or rather why not to do that
Aaron Price I didn't even watch I just commented on the title.
vaiojoe Well that explains it lol
In this video, Mr. Spaghetti explains how he doesn't like to hold his noodles for too long or they will start to mold.
Logan Peaden Mold is a place in Wales, I think you mean mould
This is getting old.
I think you mean "ould".
144 month loans only makes sense for a car that you can't afford and keeps it's value, a car that you can't afford and raises in value, or a car that you can afford but you know that you'll never sell it.
144 months for swag. A great deal.
In this video at 4:31 Mr Spaghetti scratches his meatballs
I'm
LMAO!!! this video delivers! thanks Mr. Spaghetti!!!
When I can afford an exotic car I will pay for it. I'll simply wait until that purchase is not a risk for me. Until then my ultra performance vehicles will be motorcycles.
Bruce O. The way to do it is to put back money for decades and let the depreciation happen to them and buy them when it’s at its lowest value
"If you can't buy it twice you can't afford it" - Jay Z
asq 97 don't take advice from a salad tosser.
Ashish Patel Not gonna lie I do apply it to some things, not everything.
Well back to living in a box in the street then I guess
' Hoes mad '
- Famous Dex
There'd be a lot of people without homes, cars and college degrees if they took that garbage ass advice.
A lot of this goes along with owning an older exotic car. You have to keep in mind the maintenance costs are based off of the original price of the car. Even though you may have bought a car for $10K, it was originally $100K and you are going to pay parts prices that reflect that it is for a $100K dollar car. Be careful people, don't ruin your finances trying to own a cool car.
Those are the worse wheels I've ever seen on a Corvette
curtisimo032 Anything is better than stock C4 wheels.
PGTMR2 the last gen saw blades do look pretty good on the c4. Seen a lot of them on German cars too. I did agree though that they looked terrible but the last gens did grow on me.
those wheels are extremely rare. i have 4 of them in perfect condition from a 1967 corvette stingray.
spliff they're repops
Those wheels look sexy.... is that really your biggest problem with that car? Lol
I liked the Jesus reference 🤣🤣🤣🤣 "hey, he can walk on water, go u got it 🤣🤣🤣
Holy shit 12 year car loan.
I absolutely 100% agree with you Rob I personally purchased a car that I definitely couldn't afford at the time and I was so worried about maintenance cost. Thankfully I sold it and made my money back but not everyone is that lucky. Definitely just wait till you can afford the car you want.
Today, Mr Spaghetti talks about financing our meatballs and paying more than they're worth.
I would absolutely buy the right super car this way. Take the Ferrari F12 TDF for example. It was roughly $325K new and very shortly after it is now in upwards of $750K. Just sayin if you know what your doing and what cars will gain value then this could work quite well. However their is always a risk!
Jimbo's (aka streetspeed717's nut swinger) car as back drop...ehh those wheels are hideous in Jimbo's Rockville Maryland home as well as Robs Long Island, NY home. Oh and the video is common sense. Basically don't apply for a mortgage as a car loan. 👍🏻
I disagree! I always go for the maximum length when financing something. This way I have leeway to do whatever I want with my income. What difference does it make as long as you're only keeping the Ferrari for 2 years anyways.
smartest thing said here. Everyone else is a sheep
Today Mr. Spaghetti uncovers the truth behind running up a big tab at a spicy pasta ristorante!
12 year financing? That sounds like the literal worst financial decision you could possibly make
I was able to afford a stanced miata thanks to reading the article
Good call, yes you can find a way to buy an expensive car but if you have to jump through hoops to afford the car, you cant afford the car. Totally agree!
In today's video Mr. Spaghetti warns against over-cooking your meatballs.
Huff Post doesn't like too be criticized,watch your back Rob.
A C4 in the background too? Wow it seems you really let StreetSpeed717 get inside your head man! He's already won!
This is good advice. I say this as someone who was in the lending and insurance business.
why is Jimbos car in the background?
Why is there no arrows pointing to the car like every single clickbait thumbnail that he has
TheShadowOwl cause we filmed the video at my place and we needed a nice backdrop 😂
Jimbo's Channel and a 'nice' back drop is your wrapped c4 corvette??
Nicer than the truck he drove over XD
ahaha true. And by the way... I love the the c4 corvette (I have a 1990), I just hate how you wrapped it. Just my personal opinion though.
Rob is a professional. You can tell that he knows his game! Great video Rob! I admire you and your knowledge! Thanks for sharing.
Huffpost gave bad advice?? say it ain't so.
4:33 Mr. Spaghetti 🍝 put too much Hot Sauce on it...his ass is itching !! 😂
They deleted the article. MEGALOL!
Rob Spaghetti talks about the dangers of pouring too much sauce on your meatballs, along with handling parmesan cheese responsibly
I'm actually here before the stupid Mr spaghetti comments
DJ Flyby but you just made a spaghetti comment
Lunar i dont get it what is this joke everyone is making? I've started watching two months ago
That part when you say "Jesus Christmas" I nearly shit myself laughing! Great delivery on that one!
It isn't called Huffington Compost for nothing
I am going to start using that.
Today, Mr. Spaghetti explains to us why it's nice to own the tomato orchard not just the pasta plant.
All the 'in this episode commenters', wetting their pants trying to think of something funny and get it up first.
At 4:32 Mr. Spaghetti picks a wedgie out of his meatball.
Can you please for once introduce yourself as Mr. Spaghetti in one video??? PLEASE!!
Emerson Smith he's done it so many times though
when???????
hes done it in a few random vids
He's done it before
Emerson Smith he's even called us his spaghettio's
"Hey Jesus walked on water, so you got this..." Flat out fucking priceless.
Wow never made it to my spaghetti dinner this early
I agree with you. You have the business and experience in selling, buying, and using exotic cars.
Super mega))
das a nice bagina
Matty Rex I'm fucken dead lmaooo
Profile pic of the year
Great content Rob as usual. Keep the vids coming. I've been a fan of your videos since before the TH-cam years. Back when you were doing the DVD vids and people could get away with having more fun in cars without worry of police, ha. These 90's babies have no idea what I'm talking about
YEET
At least one person (Rob) can stand up to debunk one of their BS articles. Tired of seeing everyone on Facebook sharing shit from huff like it's a peer reviewed article.
Surprise surprise the writers at the Huffington Post don't understand basic economics or finance. Thanks for this incredible revelation Mr. Spagetti.
Rob: This article is so clickbaity.
Also Rob: I don't know why they would make this article.
I can listen to the articles every day.
I hope to meet Rob one day in New York or New Jersey
new wrap on the corvette? whatever it's on, I love it. VERY racecar.
Way to go superspeedersRob, giving people sound advice about renting capital to buy physical assets!
Sometimes Rob likes to fill his bathtub full of tomato sauce and pretend that he's a giant meatball.
4:00 min into this video and everything this man says is true af .... every thing u say on all of your videos are vary logical
LMFAO!! "Jesus walked on water, walk off the cruise ship" :))))))) LOL that was awesome
144 month loan to have a lower monthly payment compared to traditional 60-96 month loans. Ideally, increase your income, make extra payments and pay off the car in a lesser timeframe. all while having low payments enjoying your dream car. Am i wrong?
Rob speaks the truth on this one. If you gotta run all these tricks to get a car - better off working on an investment that can pay for the car. Wannabe's were and will be forever especially now with social media so there will always be the $30k Millionaire.
Thanks Rob, this is one of the primary reasons i subscribe. For this type of info. Well Done!
I test drove Gallardos last year (2004's) and they were trying to push me on that 12 year BS. Dealerships prefer when you finance, they make more.
Best is to be in the top 3% if you're getting into the Euro supercars. Buy it new so there's at least a factory warranty, use a home equity line of credit to deduct the interest from your taxes. Or, get a lightly used Corvette, get 90-95% of the Euro car's performance, much better reliability at a fraction of the cost for everything. A used C6Z can now be had for about $35K in good condition. Where can one get a 200 mph car for that little coin? Or a new C7Z for $82K if you don't go nutty with the options...The OEM pads and rotors for the C6Z can be had for $700 delivered (non ceramic). Try $2000 just for the front pads/rotors for a 911 C4. Or nearly $6K for one Lamborghini rotor (ceramic). I love to look at those exotics. But, owning one? Damn scary....
Huffington Post producing anything of value is comical... But we all knew that already. Thanks for reassuring us we were correct w/o having to read anything they publish.
Senator Spaghetti tells us that cream puff will be a cream pie if you over finance that ride
"Or the market adjusts" ... HELLO, that's happening now.
You can but a McLaren for $150 - $200,000 off the sticker price and it will be more in 6 months time.
I feel like anyone who buys a Maserati shouldn’t be allowed to give financial advice
As much as I love the content of this channel....I'm usually only here for the spaghetti comments 😂 another mint ass video from Mr. Spaghetti. Love this channel
I financed my car at 82 months. I'm a fucking idiot. Learned my lesson.
there’s a difference from being able to buy something and afford it. A person could buy anything if they really wanted to. but can they afford the gas the parts the servicing the repairs the insurance and ultimately the life style. No, no they can’t. so don’t just buy something if you can because you might not be able to afford it. I like this video
In this episode Rob tells us why simmering your spaghetti and meatballs for 144 months is foolish and that Huffington Post has terrible recipes and can't be trusted to even make easy Mac.
I wouldn't be surprised if this how rob started his company. Now he down playing the article.
I'm so glad someone else says "Jesus Christmas".
Never borrow. Only save. Pay cash for the best 15 year old car you like and can afford. (Example, 2002 Porsche 996.) Perform all necessary maintenance but do not put money into the car. Continue saving. Repeat as needed, only buying cars you like and can afford that are also fully depreciated. Congratulate me for trimming 10 full minutes off Mr Spaghetti's 10:16 ramble.
Huffington post.. enough said
This week Rob Spaghetti gives us a lesson on fake Spaghetti.
And this is why I love Rob. Hahah thanks for another great video
Rob, i totally agree. however, what if you want to only own the car for a year or 2 & have low payments then just pay off the bank after 2 years? you get what i'm saying? say you want a 430 for 120k. what do you do if you want to own the car for 2 years & don't want to own it for so long? just stretch out the payments to have low monthly payments
Just waiting until the LLC loophole is closed because everyone and their mother is doing it. 100% correct on the "not free" part. Sadly people want everything now and no longer work for anything...
Maybe they fixed the article, but the author suggest a 120 month term plan, not 144 months on a 12 y/o or newer car. This is still crazy planning paying out for a car that you're probably not planning to hold on for that long in the first place.
Step 8: Lots of cash rule, to make all prior 7 steps work, have lots of cash. To get a good deal on financing an exotic, have lots of cash. To find the right exotic and do due diligence, have lots of cash. To have good enough credit, have lots of cash. To own that exotic considered a good deal, spend lots of cash.
Two points. Montana LLC makes sense.The LLC maybe cost $800-$1000. That’s still less than the tax on a $150,000 or $250 ,000 car period ,also the trick with the penfeld or woodside loan is u are buying low and selling high to break even or get a high ROI and u are only keeping the car for a year or two. If u wanna keep the car get a lower end exotic and get loan for no more than 45 months and obviously have a daily driver
I remember a spot that Michael Savage had years ago (when he was new, interesting and edgy) where he said in the old days, they considered a mortgage a necessary loan. They considered someone who took a loan out to buy a car they couldn't afford to be a poser.
Someone with a journalism degree from cluck university probably talked to someone they found on youtube or who called and said they wanted to help with an article. That's what journalism is these days.
that vette would look killer with some nice wheels and a drop to match the wrap.
Good advice. Thanks Rob
It even gets more insane...finance your computer/cellphone/electronics for 6 years...that stuff doesn't even live that long...so you have your x-phone 3 and your still paying for a wrecked x-phone 1. And then they wonder why people get more financial issues. Even saw normal car "finance 100% for 8 years", with a monthly payment that doesn't even cover the loss of value in the first 5-6 years...than you need a full insurance package for the whole time that balances the loss of value, in case you wreck the car, you don't end up paying your bank for a totaled car.
Only car I’d bite the bullet on a long term loan is a classic car or a ultra low production exotic I plan to Own and keep regardless of upkeep.
Like a NCRS top flite car or something
Mr Spaghetti doing a PSA on bad financial advice articles. Good looking out Rob!
Need more videos like these😭
I work for a financial company that loans for many things etc. I do agree upon a lot that you are saying. The article does not make sense, I don't get why they wrote such a load of horseshit. Very dangerous.
There's a lot of b.s. spewed in media and social media that should be considered dangerous when their target audience are sheep that cant think for themselves.