Are YOU Ready to Buy Your First Supercar?!

[@readyon3506]

The best advice that i learned from Manny Koshbin is don’t buy a Super or Hyper car until you have 10 times the price of it in your Bank account, when you purchase a Super car you add a car to your garage but u add also maintenance and unexpected damages that can happen in futur.

[@qmccall0328]

I understand Manny advice but that's overkill. If most people did that - they would never own one. The 10-15% rule is enough - especially if you make even more with multiple streams of income. My investment properties pay for my exotics cars. It's many different things you can do to afford easily and responsibly. You don't need a million cash to afford a cheap 100k car. My first exotic was 100k put down 20k- financed 80k. Then traded up to more expensive cars. Now I have an Aventador, so it's not hard at all. Especially if you are making 20-25k plus a month with little to no debt with multiple streams and assets that produce income.

[@austinmueller2889]

If you got 10x the price sitting in your bank account… you already making bad financial decision lmao.

[@malikgarland1853]

@@william_SMMA If you have that much money sitting in your bank account, that means that you are not investing your money properly. Money sitting in the bank doesn’t really do anything for you because interest rates are so slow. It’s better to have $1 million in a place where it can make you 5% on returns rather than having that $1 million sitting in your bank account making you 0.5% returns.

[@malikgarland1853]

@@william_SMMA Ahh, that makes more sense. There’s a big difference between have a net worth of X and having X amount of money in the bank.

[@euphoriarealtygroup]

@@austinmueller2889 if someone buying a 300k car while having 3 million cash in the bank. I don’t think they need any financial advise from anyone… they are smart enough to know what and when to invest.

[@brettjohnson5669]

It would be super cool to watch a video of Steve looking for & purchasing a supercar in real time; walking us through what he looks for in real time, I believe it would be very educational and fun! Love the time all of you put in to educating the viewers/public.

[@meirives3455]

Agreed!

[@josh4925]

i agree and having him go over the cars that require more maintenance, or less, which ones are more comfortable, which have better features, how they drive compared to others, etc.

[@LP620]

You're literally the only successful person on KZbin that I take seriously when you speak on topics like this. Thanks man.

[@DonLee1980]

it's refreshing to hear someone who gives honest, no BS advice, living within his means and telling us not to jump ahead of ourselves.

[@phoenix-king779]

Na spend your bread

[@jdev232]

😂😂😂😂😂😂😂😂 you need someone on a video to tell you what to do with your money?? Supercar shopping are you??? 😂😂😂😂😂

[@DonLee1980]

@@jdev232 I dun, but plenty of people like you may

[@jdev232]

@DonLee1980 🤣 mine are paid for. And going by his formula, can afford a 220,000.00 supercar. You?

[@DonLee1980]

@@jdev232 wow, here's a star for you. Now go tell your friends about it.

[@Psychoot]

I love the mindset about buying cars for the experience/sharing instead of the investment. Keep it up guys, you deserve atleast 2M+ subs !

[@SlayNorway]

im sorry but what other then experience/sharing do u buy cars for? if u wanna invest, you'd obviously buy a stock, or real estate right? unless ure worth 100s and u buy bugattis for fun investment options?

[@ohedd]

1 sub per dollar down on their hypercar garage.

[@RGNoah.]

I love the mindset of you guys breaking down financial purchases like houses or cars and showing not just what you did but how anyone could own one too

[@FutureShawn0058]

This guy is great. So humble. I’m a second generation business owner that just paid off our business loan and recently became a millionaire and I strive to be just like him and most importantly give back.

[@landonmartin6350]

Teach me

[@FutureShawn0058]

@@landonmartin6350 it really is simple. Work hard, and treat other people with the respect that you yourself would want to be treated with. If you do that you will go far. Love the Naruto cover too!

[@matthies8431]

​@@FutureShawn0058and be lucky

[@hw5362]

Man I love how you kept this video so real so many people either just say buy a super car if you’re able to or completely stay away but you gave a great realistic outlook

[@ZaysWorlld]

Thank you, i am 20 1 semester left in college. Not looking for a super car but i do love cars and you definitely gave a lot of great affordability principles.

[@brandonterry4890]

So freaking informative. I really appreciate the way he teaches us, it’s down to earth education. Also, I can afford no more than a Mustang GT350 on what I make 😂

[@dansiva1870]

Aye that's my dream mustang so I'd be happy af

[@accountabilityupholder3819]

It’s a great car , probably the funnest cars I’ve owned and driven. I wanted something with more power so I sold it and bought a C7 Z06. That being said the GT350 sounds far sexier, don’t get attached to your cars though mate, enjoy it for awhile then try something else, these car companies ain’t paying you to stay loyal customers lol

[@TheSuperbadkneegrow]

Better than me atm

[@GGSpiff]

Bro Dats My Dream Whip😭

[@cthulhucharon549]

looks for new employees because our are rich

[@marcbrien5000]

The greatest thing about success is being able to positively affect peoples lives. You are doing an amazing job at sharing the wealth. Not just the money and the cars; but, also the wealth of knowledge you’ve accumulated. Thank you! Keep doing what your doing Inspirational, great motivation!

[@BryantN246]

Thank you Steve for creating this video.. sharing information that folks actually need. Not just about cars but about finance. And for being REAL!

[@-_-lmapo3388]

If a car cost 100k you need about a million in the bank to see it as a toy rather then you’re dream car

[@thedog5k]

Yea it’s like… A lot of people COULD buy these cars, but would have so much of their net wrapped up in a car that’s deteriorating the anxiety would be crippling.

[@klopcodez]

This rule only applies to super cars not regular cars costing 100-150k typically they have low finance cost at 700-2k max

[@Teddyatlastwobrsincells]

Need to is a stretch , that would infer that people need to have 470,000 in the bank to drive the average new car. Which we all know that isn’t the case.

[@gabrieldykema1474]

The humble mindset is something to take with you throughout life. Definitely need to be reminded when you JUST START getting heavier cash flow in your business

[@Edde2016]

Great point about the lifestyle creep that comes with owning these cars! Its amazing how if you're suddenly driving a new sportscar people expect you to spend more (especially women on dates). Plus, if its a lot of money (to you) it can be hard to enjoy the car as you're always worried about it getting damaged, stolen, or costing you lots in maintenance. After owning an expensive car, I learned I'm actually happier with something more affordable (but still fast/fun) that I don't stress over.

[@trut52]

You were SO right about the bubble popping

[@ElBadu]

This is a great video. Not only you encourage retirement and investments, but also solid considerations of insurance, earnings and suggested finance details as apr, payments etc… great that you also mention modifications… different markets… you provide so many important details. The whole video is great! Keep it up! You guys are great

[@HiveGod-k2d]

I'll be honest, I never really thought about how much I liked cars until i stumbled across this channel You have such a fun personality and you very much just enjoy the cars for the being of them, I hope I can be lucky enough to own a 1000hp+ car one day, and this collection has really gotten me motivated, thank you for the content man

[@marshhemana4454]

Cheers Steve 💪🏾 I felt like that was a one on one ‘insider’s tips’. Although I’m far from owning my own supercar, these have been great tips on life too. Just have to hear it that way 💯 Thanks to the entire team too, your guys videos lift my spirits every day, keep me going on tough days. Wish you well and great fortune (to continue on 😏) Have a great week this week 🫵🏾💯💪🏾😷

[@FitmentIndustries]

Papa Steve with the knowledge. 🤝 -Edgar

[@damilolaoluwole1048]

S

[@jimmixgs]

I'm onboard with your tips and advice! Although I have to say you left car enthusiasts out of the equation! I'm one of those people that loves cars, a petrolhead that has been loving them since I was a child, supercars are not only about bragging and ego, but man I'd love to have a porsche cayman GT4 and track it all day long! Won't stop till I get there :P No huge houses, no expensive clothes, only reason I want money is to have freedom of choice in my life and to be able to drive sportcars around 😝 Nice video and car collection mate!!

[@kioshi445]

that's my dream as well man, exact same car, exact same goals

[@familialfsme7153]

Steve Hamilton you are a wonderful individual , very humble and very knowledgeable , Thank you for allowing us to see your car collection!

[@Berven-gf9jq]

Thank you for the informative information, Chief 🙂 Good to know about all of this in our current situation. The world has spun totally out of shape.

[@hobbymadness]

Some really amazing insight you can't find anywhere els! One of the reasons this has quickly become my favorite channel!!!

[@nikosky4028]

This man is right on. I bought a car last year and paid a little more but I got the one I wanted and spec I wanted so it's not all bad but if I was patient and waited I could have saved maybe around 10k but on the other hand I do real estate and rented a couple properties and got more then I was suppose to and rented out a house I just had as a second home that I barely used so on the other hand I actually made alot of money because of my purchase. Life is short tomorrow is not promised so if it doesn't effect you go get something that makes you happy if it effects you take your time and buy smart.

[@JudeusSamson]

Thanks for the insight. By your calculations I'm at about at the level of a used Toyota Corolla. Now if I can figure out how to make $500k a year...

[@TheHamiltonCollection]

haha! Love it!

[@jezzlaffy]

Wow, really appreciate this actually. I’ve asked myself these questions for years and years.

[@josh4925]

I just bought one of my dream cars- a Porsche 911 Turbo S at 31 years old. Working towards getting an Aston Martin Vanquish V12. Love your collection and the videos, I am definitely learning a lot about the nuances and pros/cons of different high end cars from watching your videos. I used to want a Mclauren and GT-R but after seeing your videos I changed my mind on dealing with them and so many issues they all seem to have. Would love to see a video more on the ins and outs of different cars you used to own and which has more issues, requires more maintenance, etc. Im a sucker for cars like the Jaguar F-Type R, Porsche GT3, DB11, etc. also cool that you have a Rezvani, ive been looking at getting one esp with the Demon engine models.

[@ronaldodiergaardt]

Loving the honesty and financial side of owning a super and hypercar collection

[@ashackatak]

I love that you twinned a RWD Audi (which cost a boatload), and didn’t just buy an awd with better resale value.

[@Caesar-ji3ni]

i appreciate the clarity that most dont give about affording higher end vehicles

[@SebastianBetancur]

Just bought my C8 at 23! Will be back in a year when I get my Lambo :)

[@bhupatiroka4118]

I’d plan to get a c8 at 21lmao

[@TheJerkalott]

I’d love a video of you explaining the current supercar market cause after a months of being confused, listening to you once helped me understand it a bit

[@kuri_neon]

Thank you so much! Actually super informative! I was also wondering about the insurance, maintenance costs, and building a relationship with a dealer (What I should be looking for, how I should be nurturing that relationship to one day get allocation)

[@kumarrishabh911]

realization of reality in a good way 🙏🏻

[@texomacars]

how tf of y’all not have a mil y’all are the most entertaining car channel

[@alanblasczyk1779]

Steve, you just gave out some GREAT advice. 100%. I admire that my friend ! Kudos sir.

[@Cronus_1]

Love your attitude about your cars. Not into the investment types. They must be driven and enjoyed.

[@aduck6199]

thanks for the great advice i don't see a lot of super car owners going this deep into this subject

[@gtrzero2157]

Cap rates in CA are so crazy you can't cash flow without 60 to 70% down. And we have rent control, where we have paid 6 figures to tenants to vacate for a single apartment. Don't just buy an income producing property until you know what the basics are!! Great channel!!!

[@TheHamiltonCollection]

That's why I will NEVER EVER live in California!

[@gtrzero2157]

@@TheHamiltonCollection haha point taken!! Can't help where your born tho!! Cheers!!! Always great content. 👍

[@Ricocase]

Inflation at 18% too. Hard to find a rental yield north of 20%.

[@Ben-mq8ug]

I’m looking at getting a Guilia QV and if you budget and don’t buy expensive you can easily afford a 500-600 a month car payment(will do 50% down) and be comfy still with 100-150k salary.

[@DerpHacks]

finally my type of videooooo 🤩 i can listen to people talk about money all day

[@Paralius]

I make about 120k a year average and I put 10k down on a 2019 mustang (my actual high school dream car). Whole car costs me about 25k and my payments are 400 a month. For me that’s about how much I’d spend on any car. I’d rather get a project supercar like a lot of people are doing now. It really is awesome to see these cars restored sometimes multiple times! And manufacturers are recreating parts for older super cars now.

[@thejourneyretold]

How did you buy a car from copart with a loan? I didnt think you could do that - had to be cash?

[@macandolf]

Great advice and a reality check for most people

[@DonnieB_83]

An immense amount of wisdom in this video for future supercar owners.

[@lennystylercasts]

All your Videos are great, always a joy to watch. :D The Info ones one Steves Business and this are especially inspirational.

[@CannonCars]

How did you start off in investing and starting your own business? I have a few automotive business ideas but I have no clue where to begin or who to go to.

[@Vartazian360]

I just bought a 2018 Ftype and for me, its as close to a super car as I will get but it *almost* fits in with them from a looks and sound standpoint. Best sounding V6 on the road except a 911 GT3 imo. Dream car for me since 2013. Maybe you should have touched on the high end sports cars as well before the super car? :) Awesome video

[@UrbanBDKNY]

Been considering a f type r. Those things are a great bang for buck. They sound ridiculous and are so fun

[@jaloopy4177]

911 GT3 has a flat 6, not a v6

[@UrbanBDKNY]

@@jaloopy4177 it’s still 6 cylinders no?

[@jabariphillips8855]

Congrats! I’m considering an F-Type or C8 for my first sports car, you can’t go wrong with the Jaguar Exhaust and Looks!

[@Vartazian360]

@@jabariphillips8855 C8 would have been my number one but you can't get one for less than 90k right now

[@epicswirl]

When I started making $120k I bought my first sports car $60k S5 sportback. Bought new because used was the same price for a more worn vehicle. I wanna get the R8 when I’m making $200k and have the S5 paid off. Edit: seems like he agrees with me

[@av693]

Can you make a video on what you look for in real estate investments and/or advice based on your past experiences? Thank you!

[@TheHamiltonCollection]

We touched in it in a few prior videos, but I am sure I'll make a detailed one in the future. Good suggestion!

[@MrJhayes8]

This is definitely a different way to help the "average Joe" look at their future. Great insight video especially since everyone thinks it's oh nice car, but what's behind the scenes of owning or getting it.

[@MrReager]

Thank you for transparency!

[@daoyang3108]

Can you do a video of how you split your money across living expenses, savings, investments, cars etc.

[@TheHamiltonCollection]

Yeah, maybe in the future. Great idea!

[@davisflanagan3139]

Great video! I just turned 32 and spent the last 5 years building my real estate portfolio, which is around $3,000,000. Looking to get my first starter super car in a few years and i have always loved lambos, so i will most likely get a gallardo

[@kostaspapas3202]

3.000.000 in 5 years. Good job man, having rich parents is a huge flex

[@exb940]

@@kostaspapas3202 keep coping bro.

[@thenzimande4847]

Thanks for the info Steve great channel and content

[@krishnas525]

I didn’t understand anything what Steve spoke but he sculpted in my heart to shut and work hard on something useful for next 15-20 years(I will be 32-37)

[@lacedjunglejuice]

I needed this information for when I get rich this year 😅

[@Promisedland_garage]

You seen honest and humble, Other youtubers we know, they have to have like a rental or a lease cause they change to fast their exotics(like 2 to 5 mouth) suposely sell they cars

[@lacedjunglejuice]

Very humble for a guy who owns like 30 mill in cars

[@nmdc93]

Great video idea. I'm hanging out for a 2016 porsche cayman gt4 as my first super car / investment. I figure a stick shift porsche isn't going to lose much if any value at all over ownership time

[@user-mu4lp6kq2j]

When the market was normal you could pick up a low mileage one for about $80k....now they are $140k

[@colinhendricks356]

I work in the retirement plan industry. So happy to hear you say take advantage of the match (it's free money!). I didn't realize you're in the Chicagoland area. I am just near Aurora. I need to stop by!

[@moiseslarios9547]

You are so spot on it’s insane! Got my respect. GOAT 🐐

[@logan.2022]

Hi Hamilton collection

[@RonniesAdventures]

when you say how much you gotta earn… do you mean before taxes or after

[@thepericlesof8449]

Safe bet says after.

[@epicswirl]

@@thepericlesof8449 nah it’s before taxes. You’ll usually be alright if you make say $100k and buy a $50k car.

[@UrbanBDKNY]

This is good to know. Means I can afford a 80,000 car which means I m at the “used super car” level lol I already kind of knew this. I can actually afford more than that cause I have zero credit card debt or school loan debt and me and my wife live below our means My next car will be either a used R8, a used LC500 or a used C8 Corvette. Gonna wait a year or so though. Car prices are absurd right now just like home prices Gonna prob buy both around the same time as both drop drastically

[@x.XKillSwitchX.x]

Good video for people like me who love cars, GET THIS MAN A BAJILLION SUBS

[@owensensabaugh5769]

Can I take my drivers test in December in the 765? Love you Steve andTommy😘

[@Mr.Cash66]

Some more info on the finance part would be great. I’m considering the R8 to start or a gallardo with the gated 5 speed.

[@piliq3774]

Would love more “business” talk

[@ChrisProtein]

Wasn't going to buy a supercar right now, but now I can feel like I am making a good financial decision since the market is too hot, instead of just not being able to afford it 😂

[@jgdwick4067]

Totally agree! I’ve had a number of Ferraris ……I refuse to get ripped off …people are out of there minds on over paying !!!!!

[@steved2510]

Porsche GT3 RS is selling for double MSRP and also the same as your McLaren in terms of like needing to have a bunch of Porsche’s to be able to get an GT3 RS. So many people are buying them and selling them right away. I do hope the market pops because I would love to get probably an Huracan or an R8 within a year or 2

[@RiteshKumar-it3vj]

Why the fuck has this channel not blown-up??? I love your videos!!

[@TheHamiltonCollection]

We'll get there ;)

[@PatrickGotHands]

I love the GT ! I know someone who had that and drove a bucket on the daily. I don’t see myself ever owning a SuperCar unfortunately being a average Joe means no super cars 😅

[@zewang625]

very useful guide and a lot of information especially those DON'T

[@hw5362]

Bro what you’re around 40 at the time of recording wow you look insanely good for your age

[@toms2081]

Whole life insurance is one of the best conservative investments on the planet. Only investment that is guaranteed to make you money, profit is not taxable, not tied to the stock market and is liquid. You won't find that in any other investment.

[@chefstatic]

Do you think V10s and V12s will be an exception? As they're being phased out by 2023ish. I think they will climb in value.

[@classictoexotic]

V10 Lambo is being phased out. V12 is not - they are just adding electric to it.

[@mnoell35]

‘19 Z06 is all the super car I’ll need!😎😎

[@stance4life.98]

The Ferarri and Mclaren have such TAsteful mods ! the 488 looks so good

[@dluu25]

Steve dropping facts and bursting everyone's dreams in the process lol.

[@jjansen987]

Great video way to go big for sharing your wealth of knowledge. It’s obvious you’re good businessman and make the right decisions. Congrats

[@MichealMadu-vp7ll]

I love super cars so much....i really need one....ill see the one i can afford😅

[@stevennewsome8769]

Super/hypercars are my dream, passion and drive throughout the day. Because my broke ass barely makes $30K a year, in a bathware manufacturing plant. In other words, we make fiberglass walk-in showers, bathtubs, and shower/bathtub combos. Unless I win the lottery, or something of that nature, I'll never be able to so much as even drive one. But I'm okay with that, because some people just weren't meant to live that life lol. Maybe someday I'll get a chance to look at one up close in person. 🤞😍🙏

[@ihateeveryjuan9943]

Wow this a great mindset! I wish you the best of luck man

[@stevennewsome8769]

@@ihateeveryjuan9943 Thank you very much. Always on the grind lol.

[@kickitwitken2363]

by far the best video so far. please do more informational videos like this in the future.

[@aiaikqkao]

Ithink you should not use defender for daily driving you should use it for hadcore off roading vs your 6x6 maybe your opinion change on defender

[@micahgraber754]

How would you recommend financing a car that costs around 50k? Obviously much less then most of your cars, but nonetheless a lot of money. Thinking of maybe a GT350. What would you say the best approach angle would be for that?

[@mnoell35]

You won’t lose your shirt over a 50k car. Do it how ever you want.

[@tanmay_6363]

@@mnoell35 😸😹👌🏻

[@KyleJosephBuckley]

Great video. Would you say it is smart to take advantage of this market if we can flip our car, get into a newer (non exotic) vehicle with new warranty? Or is it best to hold on to what we have. I feel like there is a way to take advantage of these insane used car values but I’m just not sure if it would be better to just keep the vehicle or flip it.

[@markm1461]

steve is like an older brother i never had giving me cheat codes to life

[@THEONLYRIAAN]

My dream garage is a 3 car garage consisting of these cars: 1: Corvette 2: McLaren 3. Lamborghini

[@hunterherzog4788]

Can’t wait to see a million subs! Love this channel

[@ttown918]

24 Camaro ZL1 makes a nice starter, entry-level super car. It'll run with most of these cars, more or less (for way less). :) Cool cars by the way.

[@redtestarossa]

2022 765LT about MSRP now. Lots of them for sale. Cars are not investments

[@EnglishSimRacing]

Best thing in that collection is the "sry enzo" plate

[@mumbikyleshamutete4829]

Looking at how much inflation there has been in the sedan and suv variants, it’s crazy to think that you can get a super car for a similar price range.love the blue R8

[@joe-nu3uo]

Love the tips and snippets. Keep 'em comin'!

[@HI-PERFfamily9151]

Thank for the Video people, all the best to you.

[@jeandearme32]

One of, if not the, best supercar guide out there, I swear! I watched so many of while having $0 to spend right now, but gonna change that and put all that knawledge into action!

[@peterromba2982]

Haha, I saw your 765LT parked in front of Cinnabon a few weeks ago. Stunning color to see in person.

[@TheHamiltonCollection]

MMMM....Cinnabon....MMMM