Why I'm Buying Exotic Cars While The Market Is Crashing

[@slobodang7886]

Let me tell y’all. I joined PJ‘s training for a reason and let me tell you. It’s well worth it and no one out there will teach you with the right knowledge as PJ does along his team. Thankful to be part of ECH family and constantly learning each and every day, step by step. Thank you Pejman for this intriguing and informative video. Keep it up..👍🏻

[@nexxasa1962]

PJ knows his stuff. I've shopped around, and he's on point

[@SP369145]

The one guy who up-sells his products and it’s actually worth it. Aggravating but worth it

[@damiondice]

I never buy anything off KZbin but based on the free info you give I can’t wait to see what’s in the payed package

[@Emadavid]

One of the things I learned from watching PJ is the impact the spec of the car has on its value. Before I just look at car as such but I learned the difference is in the details.

[@ExoticCarHacks]

It’s so important

[@-_zl1114]

When I'm balling out of control, this is the kind of guy who would be in my top 5 speed dial contact list!

[@Rockit181]

don't have to be ballin out of control to do some hacking on a nice car

[@Rockit181]

honestly, so much value in this free video right here. Also an ECH member, worth it just for the network alone. Already paid for itself in what I've learned

[@claudangelobeaudouincentra3228]

This was a very informative and intriguing video…. Every time I watch you videos it makes me wanna get out of always buying Bmw’s… and taking the leap to the exotic side….Thanks for your insight as always…

[@thepittlessons]

Great video. The number of people who don't understand the massive importance of buying the right spec still astounds me. The likes on this video are certainly earned and well deserved.

[@jz3430]

I agree with everything you said. There is some relief coming in approximately 3 years. There is a new semiconductor plant being built in the US. This should take away some of the reliance on China and Taiwan for the US domestic companies, which should free up supplies overseas. Exotic car production will likely increase for entry level exotics such as the Huracan and the supply will get closer to the demand. The days of used cars over MSRP will come to an end and the markets will stabilize, but remain high for rare collectibles.

[@Gedalneil]

Most valuable 15 minutes on this topic. I am torn because this should have 10 million views, but I like having the competitive advantage of it not.

[@FliCarGuy]

Always on point with the information because you actually buy the cars and have them, you're not going by "they say". That's the huge difference. Thank you for the information.

[@ashaikh95]

This was the best video.

[@hmustang6]

The explanation was gold, thanks PJ

[@XennialGuy]

PJ, Show me on the doll where the lease program touched you. Nothing wrong with a lease if done right. I leased my previous McLaren and sold it two years later before the lease was up and got 50K over the buyout and made 20K. A lease is no different than a loan. The biggest advantage is you only pay taxes on the payments you make on the lease, when a dealer buys out the car from you, you don't pay the taxes on the remaining balance. That is the biggest advantage. And then of course there's the corporate deduction if you got a corporate lease and you own your own company. I really don't understand the hate towards leases, You're not going to actually give the car back at the end of the lease, there's always equity if you get the right car at the right price. But if you save 20 or 30K on taxes, that's a huge win. Unless you do Montana, you don't get that advantage with a loan or a cash deal. As soon as you buy the car cash, you have to pay that 6 to 8% sales tax, gone. When you least, you may only pay that on maybe 100K or so across your payments. That stops as soon as you get out of the lease early and sell it. P.S. Unrelated, I did get a 765LT Spider at MSRP. :P

[@ExoticCarHacks]

"A lease is no different than a loan". Yes it is. A lease is the cost of the expected depreciation of a car hacked into 36 monthly payments. It's a rental agreement for depreciation with a buyout option. Your buyout happened to come at the first time in history when the price of literally every car went to the moon bc of the covid supply shortage. That's not a repeatable model.

[@XennialGuy]

@@ExoticCarHacks You're assuming that all of your lease payments are going towards the depreciation of your car, or the money factor. Most of your payments goes towards your principal just like a loan, the money factor is essentially no different than interest, But is considered a rent charge. I leased and sold my Mac pre-COVID and still made money because I bought it right. If you have 36 payments equaling 100k, on a 300k car, you are basically paying a rent charge, or interest on the lease schedule. If you exit out of the car early, say a year, you don't pay those remaining rent charges, no different than not paying the remaining interest on a loan. Even the cap cost adjusted down payment goes towards your principal just like a loan. I leased and sold many luxury cars pre-COVID and made money by simply flipping them and never had to pay taxes on anything more than the payments I made. Obviously during COVID things were even better. But I don't understand why an open or closed lease is any worse than a loan to you. You don't own the car when you have a loan either, that bank that stamped on the title is the real owner until you pay it off. Once you get a loan or pay cash on a vehicle, you paid 100% of the sales tax right up front and lost all that right off the top. You don't have that disadvantage with a lease, and you can write it off if it's a corporate lease.

[@kingrichards3000]

Hehe clearly doesn’t understood leases in my opinion. I’m with u …I’ve done the same like you and came out pretty well with leases as well and the tax write offs is real. ESPECIALLY in California

[@93octane10]

Great content! Thank you for sharing! Looking forward to joining your training.

[@bobbymccoy702]

Hey PJ, been watching you from the beginning . just wanna say great content and vids, your a stand up guy. Still the same PJ not letting YT go to your head, ever find yourself in NY , dinner is on me. Maximum respect and the haters , hate a stand up guy

[@richieduck67]

Heard AMG GT Black series are dropping a dealer traded one in for 390k

[@sergiomorales4553]

Super informative video PJ. New ECH member here. Excited to get into this game!

[@ExoticCarHacks]

Welcome aboard!

[@kylemcpherson1443]

Mind blown by the details involved in this market.

[@clapchow7036]

My only question is why you don't have a Gintani exhaust on your SVJ, PJ. You know HOW GOOD that system sounds.

[@ExoticCarHacks]

After what happened to Bryan Salamone last weekend I am not going to modify exhausts on any of my cars ever again.

[@goodfella998]

@@ExoticCarHacks Did the exhaust contribute to the fire?

[@stevemundie8495]

This guy IS VERY smart! - THANK YOU PJ

[@jdjames997]

PJ, this video was very educational. Thanks for putting out this great content, I have subbed and will look at your training. I know Porsches don’t always qualify as “exotic” unless it’s a GT3 variant. But with this in mind, do you believe Porsche 911 (Carrera GTS or S) values will continue to climb or come down this year or next, or go up? Tech seems to hurt these cars as the newer ones keep getting better, as does the performance, but how do you know when a cars value has already depreciated (with Porsche in mind), and is at a point where it’s the smart time to buy a used one? Some say the naturally aspirated 911’s will be desirable in the future, not sure “collectible” is the right word, but what do you think?

[@supercarlifestyle.]

Great stuff PJ you on point

[@er98ah]

Good talker, prepared and convincing

[@nojabs999]

How are pistas doing?

[@ExoticCarHacks]

Great specs doing well. Bad specs sitting

[@RossoFormula]

@@ExoticCarHacks Still have yours? Probably the best spec I've ever seen.

[@executive8680]

That thumbnail 🔥🔥🔥🔥

[@richieduck67]

How many of these cars have been bought with crypto

[@richieduck67]

Can you do a video on what you see as good buys at the moment

[@gaspacho2020]

PJ you are my king.

[@trinisuprazee]

What's a good spec 1st gen gallardo PJ? Thanks!

[@solfish8961]

What do you think about the Urus market? And Trackhawk?

[@ExoticCarHacks]

Both dropping

[@PatKaz98]

@@ExoticCarHacks how about F12 market

[@PatrickPrice772]

You are 💯 correct 👍

[@b.downes6378]

Great video pj

[@kjmclassiccars]

People are freaking out. Time will adjust the market.

[@hellocar123]

when the market is crashing is literally the worst time to sell

[@jayfrmbkny2547]

I'm thinking about joining but I do have a question, are any of these cars or exotic cars period are within a price bracket that makes sense and is affordable without being super rich to buy one? I guess that's my concern I mean this sounds good but if the budget is $50k for example how are you driving one of these for something in that price range for a car that's well over $100k? Does your program show you how to what negotiate a deal to drop the price 50%-60% of the retail price? How is that even possible?

[@ExoticCarHacks]

There are great cars to hack for $50k now that were once $100k+ when they were new. You’re just buying preowned versions.

[@jayfrmbkny2547]

@@ExoticCarHacks ahhhh.... ok now that makes perfect sense! I understand now! Thank you!

[@jayfrmbkny2547]

@@ExoticCarHacks I would love to own a Audi R8 and those cars are up there in price. I'll definitely need to learn how to buy one of those if they are priced in that range!

[@Rockit181]

@@jayfrmbkny2547 an R8 is pretty hackable, talk to the right lenders, the R8s retain their values pretty well both in V8 and V10 spec

[@jayfrmbkny2547]

@@Rockit181 And I'm guessing signing up for the program will show me how to do that?

[@DaniloGol]

i loved it !!!!!! Super :)

[@albertbangura2245]

Read the Art Of War by Sun Tzu. This guy has a lot of courage, benevolence, strictness, sincerity, and wisdom. These are tenants of a great leader. Not everyone is going to give you this kind of insight for free. Many people thought we would all be driving electric cars overnight but even Elon Musk said that the transition would take at least 25 years. Even if you are not interested in buying exotic cars, he is giving you practical information to better understand the car market price cycle.

[@ghanimrocks]

Wow just fire information

[@carlosaraujo59]

I think he has many good points, very detail and insight when it comes to dealers. But I think he is exaggerating on many points and respect to sell his course. But don’t be telling the other 94% of America they can own exotic cars, only 6% of Americans make over 200k and even at that it’s still hard to pay 2-4k on a lease hoping I bought the one off car that goes up in value. I mean realistically the average salary in America is like 55k. The exotic car game is a rich Man’s game don’t tell people to go broke trying to own these cars.

[@ExoticCarHacks]

inaccurate data all around. Thanks for playing though

[@what7is7TRUTH]

@@ExoticCarHacksno, he’s spot on. You’re going to eat it, when the the upper middle class finally gets hit

[@Jamess17065]

Hate him or love him PJ always knows his shit... Haha..

[@jamesknight5860]

amen.

[@mikesavvides4965]

Would you trade your Chiron for a Laferrari?

[@ExoticCarHacks]

Only if the dollars made sense. I dont really care to own a LaF

[@shejustcant]

will high spec 650s retain value after depreciation

[@ExoticCarHacks]

yes

[@shejustcant]

@@ExoticCarHacks solid!

[@jose7777777777777777]

This is only happening in USA. I've seen cars sell in Europe for 50% less than the same thing in USA.

[@stevemundie8495]

50% less? Wow! Why don't you arbitrage them if this is true? BECAUSE IT ISN'T!!

[@jose7777777777777777]

@@stevemundie8495 Because it’s a PITA to import cars that aren’t 25 years old correctly. Look at the last BaT results for a sold 997 GT2 and the last collecting cars result for a 997 GT2 and get back to me. Euro market 550 Maranellos are a decent opportunity to make some money right now, but it’s too much work for someone who isn’t a dealer/importer for it to be worth it.

[@ExoticCarHacks]

Arb from europe into the US is a complete pain in the ass. Not worth it even with 50% margin.

[@jose7777777777777777]

@@ExoticCarHacks agreed, there are better opportunities within the US

[@chenglo8999]

Damn. U good PJ

[@billybadmind3439]

Talk that shh! 👍🏾

[@rms-vp6hf]

I wanted to see a dild* and shout out to Tavarish driving a rebuilt Mclaren on used tires 😂

[@Repomex01]

Smart man.

[@King-my2hp]

Nah I’ll wait next year get better deal

[@Tyson__B]

Logical

[@damiondice]

Oh no. Not the G Waggon

[@williemay8559]

This guy is the real deal..knowledge and money is power& he talks so much shit because of knowledge and power lmao

[@JohnnyKS2000]

Great Video PJ , I’ve see to many KZbin videos lately talking about the car market crashing. There talking like prices are going to go down 30% or more! 😂

[@ExoticCarHacks]

On "poor people cars" they probably will

[@nicknedelcu]

Algo comment

[@emre4082]

i think u hate ferrari

[@ThandoNdlela]

765lt spyder click bait

[@mariano7699]

😲F*😱😲 That Bugatti looks like Hitler's extension mustache... 🤔

[@ThandoNdlela]

765lt spyder click bait 😂

[@ExoticCarHacks]

She'll be on the channel soon

[@cd-rom.]

Tiny garage bro

[@ExoticCarHacks]

Wait til you see my new one

[@chalachin4452]

You are saying it cause you are long all these overprice pieces of metal. It’s a self serving statement.