HOW I AFFORD MY M340i IN MY 20s HOW TO GET YOUR DREAM CAR!

today im gonna show you how much i pay for my m340 in my 20s and tips before you go to the dealer.
0:00 INTRO
0:15 CREDIT/CREDIT KARMA IS A LIAR
5:23 DEBT TO INCOME/ WHAT THE BANKS ARE LOOKING FOR
7:30 HOW TO AFFORD YOUR DREAM THINGS YOU CAN DO TO SAVE
14:07 CLOSING THOUGHTS YOU CAN DO IT

[@itzjustmo2715]

I appreciate the motivation brodie!

[@trillzeeo8451]

Thanks man I know you specifically do car videos, but could you do a video about how to invest and how to get started because many of us don’t know how to do it

[@pmarcusb]

Never buy a car that's more than half your annual salary.

[@Jose-uw3zr]

yolo fr

[@ridewithG123]

@@Jose-uw3zr 🤣🤣🤣 be smart my guy

[@G20T]

Yup if the m340i 45-50K you need to make at least 120K a year to comfortably afford this car

[@Jose-uw3zr]

@@G20T I make like 60k but I’m gonna put like 15 down

[@faridb40]

@@G20T no u do not lol. ur math is not mathing

[@ty.140]

You a real one brodie. I needed this fr.

[@ridewithG123]

Gotchu stick around brotha hard works pays off it’ll come 🤝🏽😮‍💨

[@indrarevs5431]

thanks for the motivation! I will be getting one soon

[@ridewithG123]

You got this 🤝🏽🤝🏽

[@diznutz5110]

I did all this shit in my early 20s. I was paying 1000+ in car payments for yeard brother. Dumbest shit i ever did in my 20s tbh. Now i make 160k plus a year and I drive an Accord Hybrid that cost me 35k out the door lol. To all the young guys out thrre, this shit aint worth it UNLESS you pulling in at least 150k a year or more and even then idk. Your car payment shouldnt even be 10% of your monthly, real talk. If i summed up all the money i spent on expensive cars in my twenties ill have 3-4 properties easy. You realize all this shit when your 30s hit you and your mindset changes. Do i still love luxury/fast cars? Hell yea who doesnt? If you are a car guy youll alwsys be a car guy. But it comes to a point where you wanna prioritize financial freedom first and foremost and THEN you can essily buy the toy. This are all toys at the end of the day. My humble advice, it aint worth it.

[@ridewithG123]

For sure investing your money and living poor for later in life is always good and recommended and I do I put 6% in an ira put what my employer matches in a 401k also have separate savings but it’s not not a great time to buy properties right rn the housing market is absolutely horrendous at the moment advising people to go spend 300-400k on a house that will be worth 150-200k when this bubble pops is just not the wave to me there’s definitely gotta be a balance tho. What if you live like a hermit saving every penny driving Hondas till you 50-60 years old have investments and properties shit load of cash and then you got diagnosed with a rare disease or cancer you probably would’ve wished you did and had some things while you were young. As I said tho definitely gotta be a balance don’t break yourself over a nice car but also splurge at times because tomorrow never guaranteed 🤷🏽‍♂️

[@diznutz5110]

@@ridewithG123 It's not about living poor. The extra $600 payment every month you are spending every month on that car payment could be used to gain much more meaningful, actual experiences that will last you a lifetime like traveling, just one example. Also, real estate market is not going to crash anytime soon, and even if it did, you want to have the most CASH on hand and the less in debt you are the better in order to jump in opportunities. What you dont realize now is that you are stuck with that ridiculous payment (on a fucking 3 series nonetheless) for 5-6 years depending what terms you chose. If ANYTHING happens to you financially or god forbid you end up in a hospital and you are not able to pay for that thing, your credit is pretty much done for. If you want to get rid of it quick, you will more than likely be upside down as well unless you did a huge down payment. German cars depreciate insanely quick as well. When they break (and they break a lot) they are a fucking pain in the ass not just financially but finding a good, reputable specialist to work on them etc is also a task. Too many negatives for some short term satisfaction and people (that could give two fucks about you) seeing you in a BMW. The earlier you start managing your bread right, the better and easier it will be to be wealthy in the future. Rich guys don't flex expensive cars, the people with the most money drive the most regular cars, there's a reason for that, they dont spend their money on depreciating assets.

[@camrenjj]

I agree to a certain extent, valid points for sure. However, I assume as long as he keeps pushing he will get monetized on KZbin and eventually can use the KZbin money to pay for the m340i or even half the note. He can also start selling merch etc. Many ways to hustle with social media, this isn’t disagreeing because you’re preaching for sure. Have a great one 💪🏾💯

[@G20T]

@@diznutz5110I think it’s your opinion on having a German car people who don’t like fixing cars usually lease them in my case Ik how to change the spark plugs rotate tires oil change gasket repare ext. you can have these cars if you know how to work on them the problem is you can buy parts but your too busy worried about how much bmw is gonna charge you when you could do it yourself people are so lazy, where I’m getting at is if you want a bmw & you making more in a year than the cars worth than it’s worth it if you can afford it and keep up with it people always complain about bmw bc one they don’t take care of them every care depreciates but most cars like Toyota they run good but you ain’t gotta keep with the maintenance like that maybe a oil change but you can’t do that with a bmw.

[@erimei8478]

@@diznutz5110 Fantastic advice that I wish more people would see and understand. Cars are an endless money pit and as soon as you acclimate to them, they simply turn into another "thing" in your life... leaving you on an endless treadmill of wanting nicer, faster, etc. Opportunity Cost is something people really fail to understand. There are far better uses of your money.

[@sedtv3087]

I’m 22 gang and this motivated me on a different level keep going with this KZbin shhh gang💯💯 hopefully we can collab one day🙏🏽💯

[@ridewithG123]

For sure bro 🤝🏽😮‍💨 stick around much content to come

[@sedtv3087]

@@ridewithG123 most def🔥

[@Andy090216]

Fingers crossed for you 🙂, ordered my first new car, when i was 22. Had to work pretty hard to be able to afford it back then though... But it paid off.

[@xXGETR0CKEDxX]

It’s not that Credit Karama lies . It’s just they use something called the Vantage Score . Instead of FICO . Which is what all lenders use . You are right though . You definitely want to know your FICO before trying to get approved for an auto loan .

[@SuperEmpires1]

Same with buying a house , mortgage lenders use an even harsher scale to score your credit

[@kingretro7634]

Just stack your bread up be patient and fully by your sh*t off currently what im doing rn

[@AndyMac508]

this is the way! or pay 75% of the car cash and finance the last quarter to boost your credit! 10k in a loan for like 2-3 years is pennies a month. You can also just have a loan that doesn't have an early payment penalty. Most people aren't looking at that tho.

[@KP_1997]

It’s all about budgeting😉

[@rickv5004]

i will never be as successful as you. you are living the dream

[@ridewithG123]

You will bro trust the process

[@samsoboss88]

Nice video, what city you in?

[@chrisb1047]

Good content man. Bought mine brand new 6 months ago I’m 31. I dropped 25k down payment and financed around 43k. I had an 810 credit score and the best rate I could get was 6.67% which still sucks compared to a few years ago. My payment is 770 a month and I pay 1500 monthly so the rest goes to principal to pay that shit off faster. Insurance I have everything maxed out and pay 150 a month but I pay 6 months in full for the discount. Definitely recommend doing 6 month in full of you can afford it.

[@ridewithG123]

Smart man 🤝🏽 the faster you can pay it off the less interest and depreciation you’ll have to face good advice to the people !

[@austinkerr7356]

810 credit score and u got 6.7%? I feel like u need to find a new bank or credit union. Ur getting scammed.

[@Robloxjupiterflorida]

Fye

[@Andy090216]

Coming from Europe, you dont really have a credit score to help you here. Banks only care if you pay on time and thats its not your first loan on record. Credit card is just a liability here since its seen as debt. Got 2 new cars over last 6 months, X3 30d for wife with m340ix for me, arriving next week. At current rates it was better to buy both cars, without financing. Banks are not willing to finance 40-60k anymore, and financing less is not worth the effort at least for me. Suprisingly 340 is way more expensive here it costs before options 72k € compared to US ~55k $

[@JayoTrades]

Outside of the US, Credit is nothing. most of the "rich" out there just got loopholes or they make money online has it has the biggest profit margins & its low cost to start. Some good examples are like copywriting, affiliate marketing, UGC using AI, Stocks,, Social Media Marketing Agencies, ETC.

[@Andy090216]

@@JayoTrades depends on what you want to view as 'rich'. I'm from eastern europe and 95% of millionaires got wealthy once the Soviet union collapsed or shortly after due to privatisation.

[@mgxceo]

How much you put down tho, that does matter big time

[@mozardtoussaint3714]

I just want the q60 I have few saved in the bank 😤😤

[@ridewithG123]

You got it bro get that shit 😮‍💨🤝🏽

[@iMWaTcHnYU]

250 to the plug took me out🤣🤣

[@ridewithG123]

Ayo 🤣🤣 Fr tho ⛽️ shoes clothes food shit add up 😭

[@22_Oriole_2ss]

🔥🔥🔥vid fam 🖤🧡🖤🧡🦾🦾

[@ridewithG123]

Thanks my guy 🤝🏽😮‍💨

[@092Jamie]

I’m 19 and got pre approved for 35k and I haven’t even been working for 6 months 😭 my credit nice tho so that’s probably how I got approved

[@ridewithG123]

That’s wassup bro if you can get pre approved with a good interest rate that’s definitely the wave

[@natalimachado6630]

Approved for a auto loan or preapproval for financing a car?

[@Jordan-jo6rh]

Live with parents and get a decent paying job

[@therealdarriusjames]

Good credit or fat ass down payment if u just cant wait for your credit to go up

[@Abrmeo]

What would you put down for a down payment for this type of vehicle?

[@therealdarriusjames]

@@Abrmeo im looking for one rn & im putting down 10k

[@Jose-uw3zr]

@@Abrmeo10-15K if you can lol

[@G20T]

Down payment is for bad credit my guy💀

[@Jose-uw3zr]

@@G20T it is? my credit good lmaooo bruh why you keep replying to me 🤣🤣🤣

[@mrich70]

I’m assuming you live with your parents if you save 90% of your check. Therefore, I’m assuming that this car/ financial advice is for people under 30.

[@thirdeyecalm2994]

I bet the maintenance is a nightmare on it and costly.

[@ridewithG123]

Oddly not too much b58 was developed with Toyota so the reliability is oil changes spark plugs injector cleaning bout it

[@Robloxjupiterflorida]

540i coming soon 🙏🏾

[@ridewithG123]

Ooo 540s dope gl with it bro 🤝🏽😮‍💨

[@user-kf8ee7sb6e]

I got a 703 credit score so what about me😂?

[@ridewithG123]

Interest rates still a little crazy rn but that’s a pretty good score hopefully no more than like 10% 🤘🏽🤘🏽

[@ronnguyen8287]

Or just get the same exact car 330i for much less and less stress

[@ridewithG123]

A 330i would be less stress I guess but is far from the same car. By that logic you could say just get an m340i it’s almost the same as the m3 or get a 540i it’s the same as an m5. but real enthusiasts know they are far from the same.

[@jacksampson7711]

Need to fix you mic bro...I had to turn the volume up way too much...Bottom line BMW's cost way too much and if you own one in your 20's Daddy's paying for it or you are a drug dealer...1k monthly is no joke!!!

[@ridewithG123]

😈

[@antilvck-4914]

sounds fine to me

[@Jake_Smith7472]

You're broke lol

[@ridewithG123]

Go band for band rn

[@Jake_Smith7472]

@@ridewithG123 lol silly broke kid

[@ridewithG123]

@@Jake_Smith7472 thanks for the view and the comments getting my engagement up 😮‍💨

[@Jake_Smith7472]

@@ridewithG123 lol don't act like you make any money off YT

[@ridewithG123]

@@Jake_Smith7472 do you think engagement means money? Google is one app away bud

[@dhrupadu1]

I like your videos and you definitely have good advice but you really need to articulate better… “straight”, “bro” and cursing is 70% of your vocabulary