How I Bought A Ford GT For $0
ฝัง
- เผยแพร่เมื่อ 2 มี.ค. 2021
- I just bought a 2005 Ford Gt - here is how much it was, why the car made sense to buy, and how it might end up costing me $0 to own - Enjoy! Add me on Instagram: GPStephan
ENDING SOON: Get 2 FREE STOCKS ON WEBULL when you deposit $100 (Valued up to $1850): act.webull.com/k/Vowbik9Tm5he...
JOIN THE WEEKLY MENTORSHIP - the-real-estate-agent-academy...
THE NEW PODCAST: / @theicedcoffeehour
The TH-cam Creator Academy:
Learn EXACTLY how to get your first 1000 subscribers on TH-cam, rank videos on the front page of searches, grow your following, and turn that into another income source: bit.ly/2STxofv $100 OFF WITH CODE 100OFF
My ENTIRE Camera and Recording Equipment:
www.amazon.com/shop/grahamste...
See, even though most of you know me as a frugal, financial minimalist who stretches the value of a dollar in every way possible…deep down, I’m obsessed with cars. When it comes to myself, I want to make a distinction: I DON’T mind spending money on things as I enjoy, AS LONG as I believe I’m getting a good deal, or I’m buying something that will hold its value.
See, when most people think about buying a car, they see it as a DEPRECIATING ASSET - meaning, its value goes DOWN over time until, eventually, it winds up in a scrap-yard or repurposed for parts…but, not this.
Certain cars defy the gravity of depreciation, and - just like owning a piece of real estate, or a stock in a successful company - cars CAN, and very much DO - go up in value the longer you own them. In fact, when I started digging deeper - certain cars have even outperformed the stock market, and have made their owners quite a lot of money.
In 2016, it was reported that the value of classic cars increased by 40% in 2014, and by nearly 400% since 2005…not to mention, these cars topped the list for the highest demand “Alternative asset,” outpacing both art and coins….for many, classic cars were seen as a store of value that would appreciate over time.
Then - In 2018, Bloomberg reported that an early employee of Microsoft sold his 1962 Ferrari 250 GTO for $48.4 million dollars, more than 25% higher than the previous record just a few years prior. Hegarty analyzed that the returns for a vintage Ferrari were roughly 300% during the same time that the stock market was up 158%, even with dividends re-invested.
Last year, in 2020, was more of the same, with booming demand for car sales above $1 million dollars.…that was when 18 Hegarty Analysts proposed their top 10 bullish “investment grade” cars that were likely to continue going up in value…and on that list was this very 2005 Ford GT.
Now, obviously - I want to say that I’m not buying this car expecting for it to outperform the stock market, or to be a better return than real estate…I’ll be honest, I would be SHOCKED if this beat a traditional investment, anytime soon…but, for me, as I started researching the car…I began to realize more and more that this was something I could own, ENTIRELY FOR FREE, while getting to enjoy it at the same time.
I was also specifically interested in THIS car because of it’s affordable maintenance…despite it looking like a space-ship, it’s still a Ford car, with Ford parts, and Ford reliability. It’s nowhere near the maintenance cost of Ferraris, Lamborghinis, Aston Martins, or pretty much any other high end car.
Now, as far as the financials of this car that I’m sure you want me to talk about: the final sales price was $306,000, registration is about $500 per year, and insurance is another $1500 per year. Assuming I drive this 1000 miles per year, at 15 miles per gallon…gas should be about $200 per year, and barring any unexpected maintenance…the total out of pocket cost, on average, should be $183 per month.
With tax depreciation, however - that could lead to a $22,000 savings, which would completely cover the out of pocket expense of ownership. If the value goes up, I make money - if it stays the same, it costs me nothing, and if it goes down…I still got to own a piece of automotive history without breaking the bank.
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness@gmail.com
*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.
![รอจะบอกคำนั้น - KARN The Parkinson x DAOU PITTAYA [LIVE SESSION]](http://i.ytimg.com/vi/wACfLFATe2Y/mqdefault.jpg)
![บุษบา - มอส รัศมี [COVER VERSION]](http://i.ytimg.com/vi/_n0yENSl8d8/mqdefault.jpg)
Congrats on the new car! There is something special about the GT40! Can’t believe you did not have to pay taxes on it! If you need any maintenance help lmk
Wow! Thank you!
The man himself!
will do!!
Low key fanboying over here
The chrisfix intro on "how to maintain your gt40" would be pretty awesome
When you realize we are the ones helping him buy his new car... *our new car
It really is!!
100%
Damn you got double Graham'd!
But why didn’t iced coffee hour graham comment?
Wrong, he puts in the hours and dedication to be able to own it. Not a single piece of this car belongs to us
Next: How I landed on Mars without a spaceship
"With $0 out of pocket"
Let’s goooo! You deserve it!
aw thanks man!!
Such an interesting way of viewing this.. especially if you're a car enthusiast, could be worth considering. I like how Graham mentioned making friends with his car too, so if your prudent, financially wise and on top of your finances, it could work. THanks for your help too Chan!!
Dababy?
ford vs ferrari is a great movie. Congrats on the GT!
Thanks so much!!
I love that movie!
I was going to comment this. I feel like its criminal that he didn't mention the movie😂
Been waiting for this video since you hinted at it!. This is one of my all time favorite cars!
It was Henry Ford the 2nd !!!
This is a great car on track man!
I didn't expect to find you here....Hardcore Sim Racers and Motorsport enthusiasts aren't exactly known for good budgeting and frugal finance. Lol ;)
You showed a picture of Henry Ford who was dead before the 1960s. It was Henry Ford the second, his grandson, that challenged Enzo Ferrari.
His editing style makes me nauseous with the start stop cuts
Yes a Dodge Challenger is great too -_-
Congrats Graham!
Imagine if Ferrari didn’t back out of the deal with Henry Ford... I’m really curious as to how Ford vehicles would look today.
Look what they did to Jaguar. Ferrari dodged a bullet.
@@schmingusss yep
It wasn't Henry🤦🏾♂️
They bought Aston martin stole there design and implemented it in to ford. So i dunno ford that look like ferrari mabey
@@alexhopestranger7386 yup, it was Henry II
Every car owner ever explaining why this is a good financial decision 😂
haha. especially if you're a car enthusiast, could be worth considering. I like how Graham mentioned making friends with his car too, so if your prudent, financially wise and on top of your finances, it could work. It has a lot to do with perspective. I think it would/ could / should only make sense for someone who is saving over 70% of their income. that's a decent hedge and you can still continue heavily investing simultaneously.
It’s honestly better than spending money on clothes and getting into debt
Rev up your engine and SMASH THE LIKE BUTTON! Such a cool car!! Congrats man!! You deserve it.
THANKS ANDREI!
Oh hey it's Andrei
Currently here following your advice from your yt course. Wish me luck.
hey its the magic card man who talks about dividends or something
More Millenial Money in the future, please!!
Graham in 2050: Buying the state of Nevada for $0
He’d probably be better than our current governor..
Graham Stephan Summarized: I have a &300,000 car in my Garage that I will have to pay "$0" on
+44* *seven* *four* *five* *one* *two* *three* *eight* *six* *zero* *two* ..
Just bought a 2021 Dodge TRX let's race
@Graham Stephan fake scammer don't message him
Ha! Typical dodge owner. I know because I Was one.
@@KevinTrombley there's a reason the supercharged hemi is addictive....
@Graham Stephan even if I wanted to fall for your scam I have no idea what you’re telling me to do
what is the appeal for this truck? It is so nice and fast, i get that, but it's so expensive. Please share why you chose it. Congrats btw!
Graham you never cease to amaze me when you finesse the government out of there taxes😂 love it dude
@Graham Stephan THIS IS A SCAMMER DO NOT MESSAGE HIM
@Graham Stephan THIS IS A SCAMMER DO NOT MESSAGE HIM
@Graham Stephan This guy is the fake graham! Whatever u do, DON'T LISTEN TO HIM!!!
@Graham Stephan block this scammer
*keep your own damn hard earned money
Next year “I just bought a SpaceX rocket for $0”
:P
If you use it to get material from that one asteroid with a bunch of rare metals it would pay for itself many times over 🤔
@@thumbknuckle_ damn you’re right. graham needs to make this happen now 😂
Can poor people buy this for $0?!?!
Then “I just bought Mars for $0”
I’m a huge “car guy” and I can honestly say that I love this car and it will hold its value. Provided you keep the miles low. Car guys always look for low mileage cars first ( if they are newer era). Congrats Graham you deserve it!
iM a CaR gUy
When you are rich you can literally throw money out of the window and it comes right back in at the front door.
if you are clever and you have money life is easy, if you are clever and you don't have money things can still go in the right direction but it's much much more difficult
Graham:
*buys a car for 0$*
*makes video about car*
*car pays HIM to own it*
If you were an extreme couponer you could've had the dealer paying you to take the vehicle, tsk tsk.
You just have to convince him that if he gives you the car for free he can declare it as a loss and save on his taxes
Graham vs. extreme couponers
Who would win?
Hello verified human being
LOTUS: Lots of trouble, usually serious
Dude Lotus makes some of the most reliable sports cars. Lotus cars are built by Toyota and have Toyota engines. Smh
Gold
Just did a video on my channel about how much my Lotus cost me to own over 10 years.
NAHHHH modern Lotus cars are basically Toyotas underneath. It won't leave you stranded but a lot of small issues show up
Maybe the british lotus but the toyota lotus will give you as much problem as a camry
Dude, it was actually Henry Ford II "The Deuce" who waged automotive war on Ferrari
ikr
And this guy provides financial advice to idiots on youtube, he is not aware of simple things.
@@yesdvt where’s your ford gt :(
It’s hard being frugal when you’re literally worth tens of millions of dollars. Good to see Graham enjoying his wealth
Ah thanks!!
Yes, finally.
Someday I’ll be living for free like Graham
LIFE HACKS
Dont talk the talk but walk the walk!!
@@johann8128 I’m trying my best!
The title really caught my eyes
It’s really nice seeing you splurge a little on yourself and still make it work out with the numbers! Thanks from the frugal car guys!
You can sleep in a car, you can't race a house 🏁😂
PS : This doesn't work when you try to justify your latest purchase to your girlfriend...
I've driven one of these with a 4.0L Whipple upgrade and it is BY FAR the best street car I've ever driven. Great buy Graham and congratulations.
Chadleeeeeeeeeeeee is everywhere 🤣
First by 19 hours
THIS WAS MAGIC
Hello
how tf?
HOW
Lmao
I love when you explain how the whole thing works and then you show us the cost and explain how it went from you paying money to you making profit of your car, keep it up man 😄
I'm a huge car enthusiast too and love watching your financial videos. This is easily my favorite channel on TH-cam. I love when u post car videos every now and then also. Great video!
Graham, I know you were worried about this purchase changing your "brand" perception away from being a regular, frugal guy.
So if you don't want the car anymore, I'd be happy to take it off your hands :D
And he might be happy to sell it to you in a few years for what he paid for it (or maybe 25%-50% more than he paid for it)...
He's never really been regular frugal guy, he blew up originally due to being a "car" guy with his lotus in the background.
FYI: It wasn't that Henry Ford (the picture you used was the founder of the company), it was Henry Ford II, his grandson.
Better known as: “Hank the Deuce”
Was just hoping in the comments to post this same thing * tips hat *
Henry Ford II was the guy who took Lee Iacocca out side at the glasshouse and pointed up at the big blue oval and asked who’s name was on the building. Soon after that Lee went and saved Chrysler.
I love Graham, but I HAD to correct him about this so I rushed to comment section 😂 Thanks mate
@@MDC_1985 yep, definitely had a temper and an ego that played into the story of this car.
This video should be titled "let's see how many ads I can pack into a 10 minute vid"
Great Video! Congrats on the new whip
I got a Ford GT for $0 before.
Cops busted me for some random reason.
Lolz
hmmm...
LOL
You have to have a license to fly ha ha Ha
You talk about the car... but we really want to know more about that giant bean bag
@@cryptosrus7134 no
@@cryptosrus7134 scam
Love sacs are amazing.
@@cryptosrus7134 My phone number is 911. Just give your address and name when I pickup 😃.
@@cryptosrus7134 your trade analyst has more info on the giant bean bag?
Congratulations!! I see that you're wearing a Zenith El Primero chronograph, amazing watch btw, clearly shows that you are also a watch guy. I would love it if you would also discuss about watches and how they're also a good investment and how most watches hold their value better than cars with little to no maintenance.
Let's GO!! About time you have some fun!
I'll definitely be revving my engine every time I drive past a Ford GT on 215 hoping it's Graham haha
How often do you see a ford gt o.o
I would do that too but I don’t think it has the same effect from a Hyundai Elantra. Haha
@@S-Technology Hahahah probably wouldn’t even hear it
How many white GT’s do you normally see on a daily basis?
Epic purchase Graham🔥
You need to get one man🙏🏼
@@exigeyt2837 Yup
So basically you dropped atleast 300,000 minimum on a car , subtle flex , very well done
i think his YT channel alone banks more than double that monthly too.
@@grahamstephan9411 not the real Graham Stephen
@@hearthealthyhustlebyjonath7414 There is no way a youtube channel makes 600k a month. No matter how big.....
I’ve got that same spec and it’s the funnest car I’ve ever owned! Congrats, it’s good to see you splurge a little!
Instagram models be like: Wait, isn’t everything $0?🤔🤑😇🥰
LOL
LMAO
@@GrahamStephan kek
@@THE-NC2 lul
going back to the channels roots, love it
AW THANKS!!
When I close my eyes, I picture Phineas talking.
Hats off to you Graham, she’s a beauty and making you money 👏🏼
@Graham Stephan nice try 💩
Me: I might be able to afford a 30 year mortgage for a $200k house
Graham: 300k for a background piece.
Graham Stephan: How I Bought A Ford GT For $0
Also Graham Stephan: The price was $306,000
Yea that’s what I’m saying
@Graham Stephan report that bot
It's because he says he can sell it for the same price. But yeah not really for free
The yearly tax wright-off as well as the car’s expected appreciation in value is what makes it free... yes he pays 300,000+ now but he will get it back if he ever sells plus more (appreciation)... as well as if he never sells he will get it back in a few years due to the tax wright-offs each year.
Normally with a car once you drive it off the lot you immediately have lost money cause it depreciates.
He saves tax due to depreciation and it is also an asset because he makes more money from that car
You so deserve it graham. If anyone gets upset about you spending the money don't listen to them. You absolutely deserve it and you've been talking about it on the podcast for forever. Congrats man.
Really Happy for you Graham! I had a decent that was getting of size several years back and I seriously was considering a selling a lot of it to get a Ford GT. Never pulled the trigger, the nest egg grew, I bought an Elise AND an S240 and bought a LOT of Tesla a year ago. Best of both worlds! Congrats again, love your channel and hope to see you on a drive some where!
Don't buy anything that eats when you sleep...
@Graham Stephan shut up bot
Children ?
@Graham Stephen Fake
@@gl4989 i got them for the low if u need
My dog
So excited for you Graham! Only the OGs know how long you have been talking getting one!!
Congrats. I saw on of these the other day on the road it was blue with white stripes looked and sounded amazing. Congrats smart buy.
Quick reminder Graham, you used the wrong picture when talking about Henry Ford as in fact, Henry Ford II wanted to buy Ferrari and not the og Henry Ford.
I swear if he says it’s was 0$ because we are watching this I’m jumping off a bridge
That video is coming next month probably😂
@@Je.rone_ "How I made money from buying a Ford GT!?"
Cars are depreciating assets.
Graham: Hold my avocado toast.
It just goes to show that if you approach life with a growth mindset, you can find investment opportunities just about anywhere.
Hey Graham! It's fun to hear you talk about one of your other hobbies / passions! I'm not a car person myself, but I enjoyed watching your enthusiasm! Great video.
Beautiful Car. My favorite color combo as well. Well deserved. Congratulations!
“You can’t go back and change the beginning, but you can start where you are and change the ending.”
*―C. S. Lewis*
Been waiting for this since that hint on the Millennial Money channel. Congrats Graham, the car looks stunning!
Great video. You have diversified in your videos too. Very entertaining. Keep it up
Congratulations on a new car, also thank you for your time on putting together the yt academy course. I just completed it and it was worth every cent. 🚀
Having heard you talk about how you weren’t happy with this video on your “Millennial Money” video, made me want to watch this more 😂
Let me know what you think!
I’m a huge petrol head, so naturally I loved it!! Great breakdown while it’s still obvious you well.. just wanted the car lol. Also I think the vlog channel will be a great move, the snippet when you won the bid and picked the car up with your pops is ace
same! lol
This guy is what being street smart is all about. What a inspiration.
Aw thanks you so much!!
Thanks so much rafael!
Immediately smashed the LIKE button when I saw the S2000.
You got great taste in cars Graham!
Congrats on the new car man!! 😍😁
How tf did Kevin get here 19 hours early
I have no idea...
unlisted videos
He gave him the unlisted video link
Frr
Millennial money podcast
Last time I was this early Graham got a Tesla for $78
Round 2!
Graham nice pick, and that makes sense, of course I went more the racing route, I'll put you in the drag csr some day if you want, that's one hell of a deal you got!
YES! I'm glad you went for it! Congrats!
Step one: buy a car
Step two: make a video
Boom, free car!
Accurate!
I see no lies
@@mmtransport goals
@@tonyrobinu6412 right!
Yeah basically what happened with Tesla
That car is FLAWLESS. whoever owned it before took excellent care of it.
@@user-id7td7hc4h shut up imma report u bot
Awesome Video and congrats on the Ford GT. One of my favorites of all time. It's funny that you mentioned the S2K. I've been a proud owner of my AP1 for going on 18 years.. Maybe one day it will be worth what I bought it for back in the day, which would make it all that sweeter.
ill never forget when I was about 10 years old or so, It was a Saturday afternoon going to return some movies at block buster when I saw a red ford GT with white stripes park right upfront at the curb and the guy just casually hop out and return his movie as well.
blew my mind, they're pieces of art
Can you teach me how to buy like button for $0?
Easy! Just smash it!
@@GrahamStephan Nice save
Fantastic buy, Graham!! This is exactly why I've had numerous Mk4 Toyota Supras over the years! Smart car buying of classics can be an exceptionally great financial move assuming you understand the car and how to maintain it.
"It's the best financial mistake, I've ever made" that's the real motivation behind becoming wealthy so I can make few more down the line.
it is so awesome knowing you are deep down a car enthusiast! I would love to have you as a guest on my podcast or TH-cam channel one day for that exact reason
I have always commented that he spends more on “luxuries” than he let on in the videos. As he should. It’s silly to have money and not enjoy it. ESP while you’re young. Homes. Watches. Cars. Nice meals. Good for you Graham!
Love how you keep surprising your dad, with your Tesla, your LV house and now the GT. Enjoy! Money is nothing if you can't enjoy it every once and awhile.
First few seconds I thought it was Doug Demuro video.
doug is the man!
Hah close!
Thiiiissssss
My favorite youtubers watching each other🤯
Congratulations, a great buy! Enjoy it :)
So it's not "bought" ,, but "got"
Congrats on the car! Keep up the good work! We should race someday! 🏎😂
haha not so sure about that one!
@@TheGrahamStephanShow hahaha lol 😂
Tomorrows video: How i bought the Mona Lisa for $0
😉
About time bro congratulations
What a perfect video how to loved this and inspired to get a classic!
Who else is an OG and remembers the Lotus? 🔥
I know I do
@@BondTheOGYT gotta love commenting to yourself
Dude ,you should continue to make car related content, I enjoyed it a lot!😁
Thank you so much!
Thank you for the Video! :) It was very rich in Information.
That's very smart! Love the video.
Regular people: “Cars are expensive”
Graham: 😂😂😂
NOPEEEE
@@GrahamStephan I will pay you 10 cents for the car right now. This is my best offer.
I saw the title and thought “This man has become too powerful”.
:OO
You earned it dude. Nice work!
Lol I love how he has Clair de lune in the background
Me too, though Fur Elise might have been more appropriate 😬
Winning an auction on BaT is A RUSH! Well bought!
Love your vids btw
Best POV car reviews on TH-cam
@@jakes5530 facts
Hell, winning an auction for a snowboard like I did the other week, with the phone lagging ~10seconds on every refresh (skipped 10 seconds I should say), AND against someone who presumably could be on their computer with their finger hovering above "enter" is a rush too.
Now THATS a beauty, love the choice! Enjoy her my man!
Sup Hayden
Sup dad
I love how he can always catch me by the surprise with “astlbftyta” ahahha
Happy for you. I also sold my first supercar to make some moves, and want to get another soon.
That shoutout to Doug Demuro thooo! Now I want to see a Graham/Doug crossover video.
Graham with your following every car becomes zero dollars after you make a video on it
If this pays for itself from a video, I'd be floored
Congrats on the car, another amazing insight as usual, am grateful
Much appreciated!
My husband used to buy and sell cars as well. We actually negotiated a Mercedes C300 at a dealership, drove it off the lot. And we moved to the west coast and sold it for more than we bought it for at a dealership because the demand was high for that car on the west coast. It's pretty cool when you can drive a car for free, or make money on it :)