10 Steps to Prepare for Your First Exotic Car Purchase

Ed has helped hundreds of enthusiasts buy their first exotic car. In today's video he explains some things you can do now to prepare for your first big car purchase and how to make it happen even sooner.
• Buy our new, LIMITED EDITION T-SHIRTS and gear at our store - vinwiki.com/r/store
Lux Rally is the world's most bespoke exotic car rally. Learn more at - luxrally.com/
Be sure to Like, Comment, Subscribe, and Share this with other car enthusiasts!
Add to the stories of your cars and the cars you love on VINwiki.
Download the free VINwiki iOS App - appsto.re/us/ijaAbb.i
Download the free VINwiki Android App - play.google.com/store/apps/de...
Visit vinwiki.com

[@linkshaoran2891]

"When you buy one, and I'm sure you will..." Ed is my new life coach.

[@caiusKeys]

Ed is my exotic car philosophical guru...

[@zekebones34]

Found this channel last week. I don’t know jack about cars and have minimal interest in them. I’ve probably watched 75 videos over the last 7 days because you are such a great story teller, and I still have no idea what you’re talking about lol

[@thesoundvault508]

Zeke Bones just remember, you can own a Ferrari or Lamborghini in this lifetime!

[@JowoHD]

come on boys. we've got another one to convert

[@freedfree7933]

He's talking about cars... ;)

[@eiserntorsphantomoftheoper2154]

Welcome Zeke ,Glad you could make it. The coffee and donuts are on the table at the back.

[@niccress421]

Welcome to the world of cars. I hope you enjoy your stay. we are all a happy family!

[@SharinganSora95]

Step 1: Win a few Races Step 2: Get enough fans to expand your festival Step 3: Expand Festival and with extra credits buy Exotic. Easy.

[@1yasin6]

Man I would love it If I could earn money like in old school racing game. Like no expenses other than tuning my car and then one race gives me 10.000€. The best part is I don't even loose money if i don't win.

[@Realtalkjason]

Dave Ramsey would have a heart attack listening to Ed.

[@GR-uc1gq]

GOOD LORD

[@mattgbarr]

I came here to say just that!

[@stevebikes995]

Exactly what I was thinking.

[@shanecoleman5617]

I thought this as i was watching and this is the second comment! priceless and true!

[@admonkako]

Hahahha

[@40rollsonly]

Step 1: Have money. I've already run into a massive dilemma.

[@Mirrorz_]

Same XD

[@EdBolian]

Gotta start somewhere!

[@snoopdogie187]

Money is easy to get, there are many ways of doing it. Some are instant, but many take years. Go to college, work hard, get into a good career, and keep building it. Or go into something now, make a name for yourself, and keep working at it.

[@Mirrorz_]

snoopdogie187 Good advice!

[@glennbarrera8353]

Consider spending less time watching car videos. Lots of available info, I suggest Tai Lopez. He sells some info but he has a LOT for free here on KZbin

[@adamrichardson6918]

"If you make better short term decisions, your long term goals simply become easier to attain" Ed Bolian 2018. We really need to have this quote in all high school text books.....

[@brandonleeknable]

True

[@johnh2349]

As someone who spent a great amount of time in the finance end of my industries, this is all sage advice.

[@flyinghigh2000]

John H the best advice is only owe what you can pay.

[@if6was929]

John H sage, yes but not parsley, rosemary and thyme. Just sayin' 0.o

[@justrockon426]

except you might want to actually have money (at least 20% of your dream car) saving money is good but investing wisely is the #1. it actually makes you money on top of your savings you use to invest. im saying this as someone who started investing with $500 CAN couple mounths ago and im amazed at how much money i made. fomoco and canadian banks and weed make for so much money. I decided to buy a '10 -'13 stick shift camaro ss next spring with part of my savings. That or something like a 70 monte carlo which will hold/gain value (better than my 81 camaro). I can get 6% yearly dividends from fomoco stocks so if they are willing to finance for lower intererest... go figure.

[@justrockon426]

if the market crashes i'll cash out and reinvest it. It'll make me 10x more money within couple years.

[@justrockon426]

I'm going to save close to 20k this years and next year and make thousands on the stock market, with a tax free savings account. until I get close to 250K. Remember more capital=more capital gains/time. Currently I make hundreds a week on stocks with less than 2k in that account. I'm more of a muscle car fan but with close to 1/2 million theres no reason not to have a 2 years finance on a stick shift V12 Ferrari.

[@ilikeboost4764]

Completely unrelated but that shirt is great.

[@thomasbrasse3145]

Ilikeboost not the shirt you want to be wearing if pulled over for speeding.

[@brettbilger1390]

Sammy Hagar approved

[@alexthompson5172]

i need that so bad XD

[@gregsnavely9272]

They sell it, I just ordered one $15 bucks I think, i love it

[@ilikeboost4764]

Greg Snavely 15 bucks really isn't bad.

[@RoflOnMyWaffle.]

Having recently bought my realistic dream car 1 week ago today, I can say do this: Work hard Save hard Be patient ( I waited 2 years to be in the right position, and 4 months for the right car/spec ) Do your research, then do it again, and keep doing it. Enjoy it, and look after it. ALWAYS have a backup stash, things creep up and can be expensive! Car is a 2017 Lotus Exige Sport 350 :)

[@jsquared1013]

Good advice, and congrats on the purchase! I hear those new-style V6 Exiges are beastly 💪

[@KA-om9oz]

Congrats

[@emadalruwishan8305]

What a solid advice! I have done the same and end up buying ZL1 2018 @ $45K

[@elliotthedgespeth3396]

Wow dude, congratulations not many people get that chance

[@jacobday3826]

Congrats mate! And good choice of car, it's not gonna depreciate through the floor on you, if anything you could break even or potentially make money depending on certain factors.

[@randybrown2642]

“ When you get there and I’m sure you will” that got me so motivated 👌🏼

[@guskipper1194]

Class is now in session!

[@flyinghigh2000]

Gus Kipper I came for Auto 101 suddenly it become Finance 101

[@nathenwallis5664]

You should do a list of the best first exotic cars

[@eiserntorsphantomoftheoper2154]

I'm unemployed, live under a bridge, have a 300 credit score, and brought a Walmart bicycle to trade in....Can you point me toward the Bugattis ?

[@y2ksierra]

Eiserntors Phantom of the Opera they already did that video.

[@eiserntorsphantomoftheoper2154]

Well unlike your sisters poontang, I haven't seen it.

[@y2ksierra]

Eiserntors Phantom of the Opera - Cool.

[@androiduberalles]

I think toys r us used to sell Bugattis, they might be more plasticy than you were hoping for though. I think they top out at about 5 mph too.

[@AdolfHitler-xp1nx]

that feeling when you are 26 and retired and dont have a credit score because cash is king........... MMMMMM that magical feeling

[@Demvtre]

“My time is my high risk investment” pretty deep boss man

[@BubbaBlueTube]

The credit info you shared should have been a highschool class 😂

[@brianortiz2200]

True

[@domnoya4130]

I saw a lot of people being told to never get a credit card in high school. Those people will never live in a nice house or drive a nice car because they never bothered to develop a credit score. The American system is designed for those who have credit. Things are way too expensive to save up and buy in cash. You are not going to save for 25 years and buy a house it just isn’t going to happen.

[@potterfanz6780]

@@domnoya4130 yes, a house you do need a mortgage for because you need somewhere to live while you're paying it off. But everything else? I don't think so. Save up, then buy your TV. Save up, then buy your computer. Buy a cheap old car, and while you're driving that around save up for a few years and then buy the nicer one. People who live off of credit aren't used to checking if they can afford something before they buy it.

[@SlurpJ]

No it should not have been. Credit is a tool designed to keep you in the workforce until the day you can retire at 65 years old.

[@TedwardDrives]

That opening line just made me thankful Ed Bolian did not give me "The Talk" ... But I will happily enjoy his financial advice =p

[@littlerhino2006]

It seems like they cut the punchline! I laughed at the intro but was really disappointed when he finally got to it in the video.

[@fazelbehnejad9714]

Sounds like now you know everything there is about... financial aids

[@theaccentman93]

Ryan Nelson yeah that’s what I thought

[@clintgliford9941]

Last time I was this early, Sean could still log into the Viper forums

[@guskipper1194]

#Banned

[@SangheiliSpecOp]

Clint Gliford this made me laugh out loud lol.

[@edwardmartinez4596]

😂

[@Black_Jesus3005]

Clint Gliford gold

[@SergePupko]

Ouch

[@jamesskalko4322]

This is just good general knowledge and should be taught in school. Thanks Ed! VinWiki is officially more valuable than my ENTIRE highschool education!

[@Greenlightfilming]

Out of all of the good advice, what is really worth taking note of is what he said in the end. "Sometimes, the story of how you end up there is more fun than the car you end up in." That is 100% true, and honest. Loved that. Don't miss the now for the goal.

[@ClickLikeAndSubscribe]

"Enjoy the journey that leads you there" is both the most profound thing said on this channel but also the most obvious reason why each and every video was worth filming.

[@domnoya4130]

What does he mean by that? Like the process of looking for the car and financing it. I remember buying my Porsche being a lot of work and feeling relieved after I finally drove away with it. I certainly don’t think the process of getting the car was funner than having the car it was mostly a pain in the ass while driving the car is very fun.

[@rabbits_used_cars]

Take notes kids! Great vid as always Ed.

[@evry1nositsbutters]

I was seriously about to have a similar talk about credit with my younger brother and sister. I’m going to pull a “sixth grade health class” and just put this video on for them.

[@shashankshukla8182]

My man rabbit

[@noahwyatt23]

I’m a simple man. I see Ed, I click play

[@skateradeable]

“And when you buy one, and I’m sure you will” was probably the most comforting thing I’ve ever heard, especially coming from Ed. Thank you, lol

[@nox_chan]

I think I just got a birds and the bees discussion at it summed up to shrewd negotiation

[@rwl1966]

I like that this was in my recommended the day before the 750 million dollar powerball

[@LapoftheWorld]

Screen 1: Ed on KZbin. Screen 2: ebay/autotrader/cars/cargurus/autotemptest/BAT in tabs. Screen 3: Financial spreadsheets. ...Soon! (also, 6:50 I made the cut!)

[@Ryansrangereport]

Nails it. I never expect any money back out of mods. I did dump a lot of money into an A6 and it was all top tier stuff. That’s the only car that I got some of my money back. Kind of... trade in was $10k less than I owed. I sold to a private buyer who appreciated the mods. It was pure luck I found that perfect buyer.

[@PaleD]

The esteemed Mr Bolian may be one of the greatest auto story tellers of our time. The way he unravels automotive stories, knowledge and general common sense advice with his velvety baritone voice coupled with a very dry and for all intents and purposes coy sarcastic humour is really refreshing and captivating. Definitely a success factor to the growth of this channel and his business. Would be fun to work with.

[@talltrini10]

THANK YOU for not typing "for all intensive purposes". There is still hope!

[@thecarelectronicguy687]

Last time I was this early, there were still 7 Vipers on the group order...

[@pwrightisright8611]

RIP to the guy that backed out.

[@charlieswindle7360]

thecarelectronicguy o

[@nfareview]

Solid video. Embrace the hustle!

[@AndyRock1]

These are literally things that all people should know. It applies to more than just cars.

[@601TRAVELS]

Whenever its an Ed video - I watch the ads ALL THE WAY through to show my support. Love the stories! All of them.. Thank you for the entertainment and great info.

[@soupdancer17]

Some of THE BEST automotive content on KZbin!!!

[@samuelwinkler8992]

Always something interesting with ed..

[@deividasradziunas3696]

I love classic cars. Problem is that classic cars get more expensive every day... So I hope I will have a chance to buy one in future :-). And this chanel is awesome.

[@GOOeysan]

Just recently stumbled upon this channel and I was mainly focusing on Ed's stories for a while. His voice, rhythm of speech and let's say, his alternate ways to describe the "slight imperfections" of his clients pretty much got me hooked on this. Since I'm working as a sales manager, I noticed the way he talks to his clients or the people he's buying cars from and I started to apply his way of gently persuading people at work and in life. Ed, I really have to thank you for improving the overall quality of my life. *Thank you, Ed.*

[@0xredsec]

Thanks Ed!

[@ericworthington7299]

So I ordered my VinWiki ❌55 shirt👕, can't wait⏳ to get it... Thanks VinWiki👍🏼

[@mikec360]

"The story of how you get there is sometimes more fun then the car you end up in" Spot On!

[@jayalex2726]

I needed to hear this i thought the buying process was somewhat hard but after hearing this it’s super hard and extra but will be worth it waking up to your dream car every day

[@brettbilger1390]

And yet another fun new context for Shrewd Negotiation.

[@BreeZeTSHQ]

So a few things here that I wanted to note. As a financial professional, increasing your credit limit does NOT increase your credit score. This is a common misunderstanding I've found. Moreover, having larger limits on your credit cards or line of credit can actually decrease your chances of getting approved. This is due to the Gross Debt Services and Total Debt Services (GDS/TDS) formulas that underwriters and retail banks use to determine whether someone's annual income is supported with a new loan (e.g a 300k supercar). Now it's important that if you are typically nearing your credit limit every month, or even exceeding it, then you should indeed increase your credit limit so you do not pay any extra penalties for exceeding said limit. This is a great informative video, I just don't want anyone receiving any wrong information on how credit bureaus and debt approvals work.

[@batmayn]

Thanks Ed & the vinwiki team!

[@mycirus]

Love your videos Ed. Keep em coming!!!!

[@thefiascogarage3215]

I have no dreams of grandeur to ever own an exotic vehicle, but I do appreciate a story from "Ed, like the horse". I nominate that lad named "Do it with Dan" to tell some of his stories on your set as I think he is from the Atlanta area as well. It will probably sound like, "Bleep-bleep-bleep, motorcycle", but I noticed a lot of the people here are on the same Ant Abduction schedule. Mr. Regular would be awesome as well.

[@parthpatel967]

That first sentence in the beginning of the video 😂😂😂

[@life...in-sink]

Now this is some useful info! Telling it straight, amongst all the noise, by someone who knows what they're talking about! One of your best videos Ed!

[@thomshere]

This is THE best very concise advice that I have seen so far on building your personal credit. Thanks a ton for this and ALL your videos! What a great channel!

[@pwrightisright8611]

You now have my attention

[@SangheiliSpecOp]

P WrightisRight you are one shrewed negotiator

[@MarkCoopersisqocracker]

Excellent advice! Another in a series, as it seems, of very good 'advice-listing' of videos. I think Ed could start a play list on these as he's making enough of them now to have people hit him up for this reason alone! Good one Ed! Hope you're doing well!!!

[@caractacuspott4581]

Very pleased to have woken up to another Ed Video.

[@MicahSieben]

Ed, your analogies are so spot on it's uncanny... I Love it. Shrewd indeed. It's the way to be.

[@willh1082]

Right now, somewhere, Dave Ramsey is puking his guts out listening to this

[@roskinc]

ed just added stuff to my already busy todo list

[@anthonyarmstrong5012]

This man is a legend. Much respect 🤘🏼

[@overkill1044]

This video is one of the best videos on KZbin about this topic. Instant sub!

[@vk.2323]

I admire your knowledge 😀

[@singular9]

These tips are true... 23yo and have great credit and financed my car and paid it off as fast as possible and have even better credit

[@austinballard8867]

congrats. big step. what kind of car?

[@flyinghigh2000]

Instead of paying it of quickly. Finance more things. Just make sure the payment doesn't leave you at a very big disadvantage. You want to build credit score not go into debt.

[@lexvandewal8856]

Very nice iam 22 and have no credit at all never borrowed any money have a saving acount if i need need something i can buy (not everything not that rich) but if i need more i can save more

[@MattCSLnut]

The last sentence is so true... the dream and the journey to get to the purchase point is such a blast, often more fun then the ownership. Once you get your dream car it becomes a reality you can’t escape from (for a while at least) with lots of responsibilities and further expenditures attached. Some great advise there Ed 👍🏼

[@cjr4516]

Such an important and helpful video. Thank you guys!!

[@fireplacedude23]

**Ed for president**

[@techhelpportal7778]

I would vote for him. He live in. Georgia so he is probs Republican like me

[@TheKD242]

Damn.. I really admire exotics, don’t plan on buying any of them.. However, this advice was extremely helpful beyond exotic car purchasing.

[@Mokarney]

Perfect time for this video! I just bought my first Ferrari, a 458 Italia and take delivery on Monday!

[@jonathanbell9349]

Love these videos! So much wisdom from Ed:)

[@farhanpramadipta1858]

The Shrewd Negotiator is back!

[@guskipper1194]

And we hope he never leaves!

[@EdBolian]

I will try to keep the good stories coming!

[@trevormcminn9467]

Love the little comment at the end #Lifelessonsbyed

[@alexandergarcia-uz1el]

I really enjoy hearing these car stories so VINWIKI keep it up 👌

[@G__Schmidt]

You are awesome Ed! If you only knew how many people you helped on a daily basis!!

[@kidwray4313]

Ed gets an invite to the hood cookouts every time

[@sleepeatdrive7619]

I just got approved for the Chase Sapphire Reserve card. It’s a metal card and can’t wait to see how heavy it is compare to a plastic card!

[@EdBolian]

Congrats! Use it well.

[@sleepeatdrive7619]

Ed Bolian Thank you! So far I’ve checked all the boxes on this video. Just waiting to get married to my fiancé then it’s super car time from there

[@roskinc]

you can definitely feel the weight difference, but it wont get noticed as much as you think when using it.

[@jsquared1013]

@@sleepeatdrive7619 get the car before the marriage 😂 that way she can't do the wifey veto, and if anything goes sour years down the road (God forbid), it's not "marital property" because you owned it before the marriage 😬 But mainly because wives have an uncanny ability to guilt-trip you out of hobby expenditures even if they spend on other stuff or aren't even working...

[@sleepeatdrive7619]

jsquared1013 this is so true most cases. Luckily she loves cars too! She’d like to have a F-Type R for herself lol

[@mackie_p]

Straight facts in this video! love it!

[@Krewneck]

This channel is amazing. Thank you.

[@BLUECOLLARCARTEL]

I bet you $100 all the people who watch this theres 10 people who will actually achieve this Goal and do these steps Ed and follow these free steps of wonderful advise great video love it keep them coming guys

[@AdolfHitler-xp1nx]

im 26 and retired already did it 20 times before ed even had a thought of vinwiki

[@AdolfHitler-xp1nx]

i already got eds net worth sitting in a small vault at my mansion hence why i post gaming vids on YT last thing i want to do is become publicly known

[@Bnavy207]

Get a LLC buy it with your company. Therefore you get write off and build your company credit.

[@a1bells501]

Well that means your company owns it. Could you still freely use the car if you own the LLC 100%. Write off means no tax because of buying the car I think. If car gets damaged etc do you have to pay maintenance and repairs etc using the LLC bank account.

[@samhaines8228]

thanks Ed, all excellent points and food for thought!

[@bseriesproductions3322]

This man is an inspiration with really good advice

[@WatchJRGo]

Oh snap, +Mattattack new Huracan wrap made it in at 4:50

[@SwagPKVids]

11. Quantify the cost of the car in terms of depreciation, maintenance, insurance, and the opportunity cost of your money.

[@justducky8508]

Simple. Very Detailed & straight to the point. Thank you, I have subscribed & hit the bell gracefully.

[@Tainomontana]

Great advice from a great guy & story teller. To say your videos are A-1 it’s a understatement!

[@accuzd]

love your videos mate from down under ... Melbourne, Australia 🇦🇺

[@pwrightisright8611]

Do they show up upside down there?

[@EdBolian]

Thanks!

[@skyline3838]

Last time I was this early vinwiki replied

[@VINwiki]

This time too!

[@noisybarinavalon]

Very well executed Ed. This video is exactly what this channel needed.

[@sharpemang]

That ending quote brought chills down my spine

[@ryanmosey5932]

Ed Bolian may be the mortal enemy of Dave Ramsey haha

[@cooldog8856]

School was supposed to start tomorrow...

[@EdBolian]

Warming you up to some learning!

[@brett5523]

Advise noted. A lot of people have crazy dream cars but mine is a Mercedes Benz AMG c63. Now from this video I know the best ways to achieve my goal. Thanks!

[@bobsims762]

Man!! What sound advice. Thank you for such an informative video.

[@whisperastra3637]

I knew it was Ed from the Title

[@nicksaquatics1284]

Just got myself a Lamborghini huracan at 19 'God bless Scotiabank'

[@RubyKing1997]

Nice

[@maxxas5067]

And that's why we have racing games. Still not like driving one in real life but close enough I'm actually fixing to buy a car and get a loan so this helped a lot I appreciate that my guy

[@Pressed_For_Time]

Thanks for the tips, Ed!

[@gregoryclive1]

Wish I knew this 10 years ago 🧐

[@MrFootball150]

Eddddddddd 🤙🏼🤙🏼🤙🏼🤙🏼

[@rogerrogers8834]

The tips about Amex and the credit cards are spot on. Ed knows the deal!

[@EvanK2EJT]

Everything you said is spot on. I couldn't have said it better myself.

[@isidoroalfaro440]

Ed's first line made me laugh out loud

[@pwrightisright8611]

Same

[@littlerhino2006]

Then they cut the punch line from the video!

[@CJ-my5xb]

That intro

[@j.scottcaudill7543]

Ed is amazing! This man has an extensive wealth of knowledge in so many fields...it's very impressive

[@delas7389]

Awesome video... and advice.