How My $60000 Car Loan Financially Ruined Me | Story Time With Omni

[@WoolfJ35]

I got one of the strangest pieces of advice awhile back in high school at a car meet this guy with a SnakeSkin Green Viper told me,"Remember that there will always be a faster, bigger, stronger, more expensive, better etc. insert[thing] in your life, so when it comes to cars just get something that makes you happy and you want and afford, don't worry about what others say or think because at the end of the day you'll be the one paying for it all." The older I get the more that rings true

[@OmniRider]

100% 👍

[@CeeZee001]

For sure. Say what you will about my old ass 08 camry se, but I actually like how it looks and it's been reliable for me. Once I get the money I'm stepping up my game to lexus is350. If money wasn't an issue I'd get a gtr

[@WoolfJ35]

@@CeeZee001 heck yeah if it works it's beautiful btw which Lexus cars are you looking at

[@hunnterful1]

@@CeeZee001 was looking at those types but now im thinking about charger rt

[@hunnterful1]

@@WoolfJ35 he said IS lol

[@aarond1965]

Young guys need to learn this lesson. Quality of life > Looking rich.

[@MouseCIick]

Ha. Kinda impossible when people are brainwashed by social media and social pressured to be socially accepted. Social social social.

[@chrxs61632]

Or buy a couple year old used car in cash if you really want it

[@jghjjhkhkhk]

Being rich > looking rich

[@AtomicMushroomz]

@@MouseCIick has nothing to do with social media. People have been trying to show off to feed their ego since before social media and the internet.

[@MouseCIick]

@@AtomicMushroomz True. But I feel like social media has been amplifying the normalization of it on the impressionable people who don't know any better, especially the younger generations. Everyone wants to be a KZbinr and Tik Toker or "influencer" nowadays. Even though Jake Paul is trash, people still keep watching and support his crap. There is a guy called c6_zaach. He allegedly killed his neighbor for clout or something. He flexes his c6 I am guessing and 350z. Calling people Karen when he is in the wrong and people are supporting his toxic ass behavior. He continues this because he wants to trend on social media again. And most people want to watch drama and violence.

[@darklight5271]

1: don't be stupid. 2: if you're going to be stupid, don't get good at it.

[@greglane3978]

As John Wayne said. Life is hard. It is even harder if your stupid.

[@TheJohnbjunior]

Good one, I'll have to remember that !

[@oherroprease207]

29,000 for a new mustang with 0% APR would be a miracle now a days lol.

[@angelgjr1999]

Bro didn’t even know he had an amazing deal 😂

[@israelsantos8641]

@@angelgjr1999it was 2015 so that is a crazy price for back then

[@angelgjr1999]

@@israelsantos8641 True

[@michaelbloom5342]

Don't care what the interest rate is, even if 0. You never go into debt for something that's guaranteed to lose value, especially a car.

[@kevinthechuker1721]

@@michaelbloom5342If you were going to buy it outright into cash why wouldnt you take 0%? Literally park the money you were gonna use to buy it into a HYSA, CD or Index Fund ETF and you’ll make money for taking out a loan.

[@r3n3gad34l1f3]

The worst kept secret in the car community is how most of it is fueled by insecurity

[@largol33t1]

I learned just how insanely egotistical Mustang owners are. They poured hate on him just because the engine has six cylinders. I guess it's all about "penis size" with these Mustangs. Which is why I never have and never will buy one.

[@evan7476]

@@largol33t1 why are you thinking of grown men's genitals? and its not that, it would be like having this massive 10,000 sqft house, then you walk inside and its completely empty with no walls or plumbing... its all for show with no real substance... but go off thinking about other mens penis's some more..

[@squadmaster114]

It’s sad real car guys are few and far between, it’s mostly just guys with cars now. Clout chasers

[@joshua4397]

🍤

[@qland]

Mistake number one was trying to fit in. We live, we learn and we grow.

[@OmniRider]

Yup. 5 years later, I know better now. 👍

[@thenotoriousjoey9956]

@@OmniRider I learned it right after I got my s5

[@jaywilliams8327]

So u just kept restarting payments right

[@CTLatteberry]

ehh, except the fact that looks money status really is the root to your opportunities in life

[@cruisertechgt]

fitting in is part of life....i want to see you walking around with underwear on your head and see how u feel not fitting in. There is nothign wrong with buying a car that has that EGO boost aspect to it. But, I would agree that you shouldnt buy the car only for the EGO boost... which I think might be for most v6 mustang owners :P actually...i do hear the ECO boost is good very good.

[@redbaron4578]

The issues here are: You didn’t get help before buying the mustang You spend money in mods for a V6 mustang You cared about other people’s opinion

[@malikw222]

Another one: Because he bought a V6 Mustang

[@gfgghjgjb6252]

I agree with you

[@NoChaserNoChaser504]

Bingo!

[@izek402]

@@malikw222 imagine an inline 4 mustang

[@electriccarsaresuperior8460]

All you v6 Mustang and ecoboost mustang haters...are proving his point...how the car community can be so toxic. 🤦

[@tylerkimdura6690]

Life tip: don’t go to car meets.

[@nxtgeniscooked]

I went to a car meet 3wks ago and got 3 tickets in the mail, 1 court summons. When it got shut down, there was one cop with a clipboard at one exit “writing plates”, but I thought he was bluffing. Guess not.

[@tylerkimdura6690]

@@nxtgeniscooked damn sorry dude.

[@nxtgeniscooked]

@@tylerkimdura6690 me too

[@cartiershades3392]

@@nxtgeniscooked I got my car impounded for a month just for being AT a car meet that turned into a crazy side show

[@nxtgeniscooked]

@@cartiershades3392 what the hell?? I would cry lol. That blowss dude

[@ugladden]

I learned this same lesson in my 20’s... i rather BE financially well off than LOOK financially well off.

[@christiandoupe9495]

Ill do you one better stop caring what people think he should have learned from all that, that people will talk no matter what you do so fck em theyre driving a civic si while youre in a freaking camero ss what opinion do they have? Thats why andrew tate (love him or hate him) is right when he said what color is your Bugatti? Because he liked the color and thats all that matters. The moral here is to ignore what people say and stop being around them if they are toxic stop going to the car meets and do you go where you are appreciated or dont go at all protecting your peace is more important than buying things you cant afford for people you dont even like

[@monkeespit]

Props to you. Learned this when I turned 30. I spent every available dollar I had paying off all my debt/loans. Being debt free is the most liberating feeling I’ve ever experienced.

[@zodeadlifts9295]

You can do both if you’re smart or hard working. The 2 are not mutually exclusive unless you’re settling for average

[@afridgetoofar1818]

I have a total net worth of almost one million dollars, yet I still drive a 2010 Honda Accord with over 150,000 miles on the odometer.

[@KellandWinslow]

Well said

[@JonYugen]

My definition of a car person is someone that doesn't hate on others for their choices of a car. Going through the automotive industry taught me a lot about some people.

[@britshell]

Jay-Z said in an interview “you can't afford something unless you can buy it twice“

[@angelgjr1999]

Same strategy I use for buying cars. Always pay cash.

[@benben6054]

30k is my max not much fast cars

[@private6549]

@@benben6054 In the used market you can get plenty of speedier cars but definitely nothing new for that low of a budget. The best you could get would be a track focused but low powered car like a Miata, BRZ/86 or maybe a 4 cylinder or V6 pony car. 4 banger and V6 Camaros are actually track weapons due to less weight than the V8 ones, but you'd get made fun of for owning it as what happened with Omni's V6 Mustang.

[@roarbahamut9866]

@@private6549 Highly disagree. Most people buying a car NEED the car for medical purposes, work or family. You 100% DO NOT need to have 7k in the bank and straight up buy a car for 7k. Taking a small loan nowa days is way better since the interest rates are very low. Invest the money in realestate, stocks, gold or what ever you fancy. This mentally of being able to buy something outright isnt gonna get you anywhere. Just think about your job, your family, your hosehold and the maintenance of the car before you buy it. This part "And NEVER buy a car if you can't pay for the whole thing in cash and still have plenty of money left over" is just straight up unrealistic. Most normal people cant just straight up buy a car and have money left over, because not everyone has parental support. Buy within your means, maintaing your savings and make sure your loan isnt too high, but saying you have to be able to buy it outright is just bs.

[@britshell]

@@benben6054 You can get a pretty decent daily for 30k I got my my GTI for 25k, sure it's not a M3 but it a nice car.

[@killiansnell8965]

I feel really bad for how the car community treated you when you were trying to just have fun with your car

[@angelgjr1999]

That’s why I refuse to go to any car meet, too much ego is involved. You could drive a lambo and people would still hate on you. Save your money, buy land. That’s how you build wealth, don’t go spending 1k a month on a car just to look cool.

[@tylerkimdura6690]

@@angelgjr1999 yep. Everywhere you go bike/car meets, the majority of them are toxic and annoying.

[@frankpepe2079]

I watch petrolicious videos because I like classics, but the dildos they interview are so stuck up I can’t watch anymore

[@JayAR_YT]

No this guy was just mad dumb.

[@chrisdel3120]

@@angelgjr1999 lol thats what my co-worker did. Hope that 1k a month makes him happy

[@ExAnimoPortugal]

Moral of the story: don't give a damn about what people think. Be proud of what you have.

[@theafflictionvhs17]

That’s a terrible lesson. Crap like that is the reason why people get into debt.

[@666dynomax]

@@theafflictionvhs17 what???

[@TacticalMechaStriker]

@@theafflictionvhs17exactly. Imagine giving someone helpful advice and they’re all like “I dOn’T gIvE a dAmN wHaT yOu tHiNk” then end up in debt later. Mindsets like this are why this country is filled with self absorbed narcissists

[@packrat-y7j]

I think it's more of a: I will do what's best for me, regardless of the opinion of others. Example: I ride an Iron 883. Most harley riders consider this a girls bike. Idgaf. It's a bike for me to ride around town, and occasionally on backroads on the weekend. I don't need my hair on fire at 150+ on an R6, nor do I want a lumbering big twin HD. I enjoy the 2door coupe liftback, and when I was coming up, I went with a Celica GT. Why? Good gas mileage, and corolla parts, slightly cheaper insurance than the GTS. Was it fast? NOPE. Did I love the cars? Yup. (I've had 2 now). This gave me the predictability that allowed me to fix my trainwreck of a life. If, i was concerned with the opinion of others, I would have made far more reckless purchases.

[@ZayyyM3]

It’s crazy that people don’t buy used. My parents always put it in my head when I was young to never buy a brand new car. I’m forever thankful for that.

[@JA-ru3il]

I hear brand new is also very susceptible to breakdowns if you don't know how to "break them in" right.

[@monkeespit]

On top of paying interest on a depreciating asset, car meets have to be one of the most toxic and obnoxious environments I ever had the displeasure of experiencing.

[@benr5742]

Cars are a Liability not an asset.

[@grigorioschristodoulou5229]

If you want a car anyway, the fact that it depriciates should not scare you away from a loan. Money is a commodity, if you have something to do with it, borrow where the rates are cheapest.

[@okayyeahwhateva]

i work on cars don’t think i ever wanna go near one

[@OmniRider]

6:18 Camaro 9:00 GTI 13:15 THE MOST IMPORTANT LESSON YOU NEED TO TAKE FROM THIS VIDEO 😉

[@AliAlhussaini]

Move that comment to the description to add time stamps to the video

[@MiataBoy0]

*_GOLF is life bro dont worry its the best_* *_project car one could ask for_*

[@potus2582]

My cousin has a sonota they are fun

[@faunbossiestgerm2719]

I want to have a cool first car and I love dodge would it be okay to have a v6 challenger it charger I don't know

[@AliAlhussaini]

@@faunbossiestgerm2719 not worth it

[@YourCaliforniaSupply]

Mistakes happen when a man is young. The quicker a person seeks wisdom, the quicker he gets rich

[@JayAR_YT]

Man's lost millions of dollars of exponential growth in a ROTH IRA. Missed out on a house before 30 (wasted nearly 20k easily if renting) Lost out on all repairs not on warranty. Lost on insurance BIG. Lost out on valuable time spent working and not hustling to get to that first 100k net worth before 24

[@Ram-rm2gz]

This is deep

[@FuttBuckerByMutt]

@@JayAR_YT Milliions? At most a couple hundred thousand. Plus the dude said he was working 2 jobs while going to school. My man wasn’t lazy. The best way to learn is to fail in a lot of cases. Hindsight is 20/20. At least he’s able to admit his failures in his past

[@twentyonetoone9783]

@@JayAR_YT You're a bit off the mark. You're forgetting the memories associated with these cars he's had, the journey and experiences with it - also, 59k does not translate to millions of dollars unless he's aged 40years lmao. You seem just as worried about what others think of you as he did, just in a different way.

[@hamsterama]

@@JayAR_YT I just wanted to say that renting is not a waste. Don't listen to the financial experts. Home ownership is extremely expensive. You got repairs, property taxes, and and home insurance costs ten times more than rental insurance. Plus maintaining a lawn will steal your time. I've been a home owner for just over six years, and for me, it's been an expensive mistake. I plan to sell this year and go back to renting.

[@BeyondLumination]

It saddens me how nasty some people can be in the car community.

[@cedricmiller4370]

I love cars but yea that's true the car community of this generation is boojie!!! For example if there driving a Camaro zl1 or Dodge hellcat or anything in upper price range and upper horsepower they will somewhat look down at cheaper vehicles or vehicles with less horsepower

[@josh2011zx6]

Or they treat u like crap because u have a fast car (zl1, hellcat, gt500) and look young lmao like come on guys make up your minds

[@Teggymania]

Especially with american cars, the circlejerking is insane.

[@rulerjv2306]

@@cedricmiller4370 it be the people on huge payments too 😂

[@Lolatyou332]

He bought the worst meme car, a V6 Mustang.

[@plasmaglobe2850]

Don’t ever let somebody judge you for what you have or what you look like. Don’t let it get to you; it’s not worth the stress and heartache. Some people are just scum, and they’re not worth your time. The only person who can judge you is you.

[@jonnydough4179]

Dude the issue wasn’t spending 60k, it was that you went to a cars & coffee meet 🤦‍♂️

[@randomwordbot]

With modifications too I’m glad he’s realized the errors of his way

[@blaze376192]

This man preaches truth! Back when I finished college I wanted to buy a 7th Gen stingray, but I just kept pushing it off and saving money. Now I'm on my way to buying my second house making over 100k a yr through investments, which now I can finally say I can afford my dream car. Financial stability 1st, then expensive hobbies

[@private6549]

Do you invest in real estate?

[@isreal194]

How do you financially even afford a Stingray after college? Oh that's right... those huge loan periods

[@rulerjv2306]

@@isreal194 he just gave a brief break down lol you’re a clown

[@SilentPlayer1999]

As Dave Ramsey says: “This car owns you, you don’t own it”

[@krzysztofhejek4630]

He speaks the truth. having a more economic but reliable car is always a better investment

[@fujiwatertofumi5363]

Thank gosh I still have my handed down 99 accord from my parents. Because the first sports car I bought was an 87 Fc Rx7.

[@zpap_troy]

as soon as he said debt free in the vid, i couldn’t think about anything but Dave Ramsey lmao

[@AStanton1966]

Dave says that as he drives away in his spanky Ford Raptor.

[@krzysztofhejek4630]

@@AStanton1966 at least fords are more reliable than a GMC or Chrysler/Mopar. But I get your point, raptors are not cheap lol.

[@jacobkilgannon6059]

It’s okay bro. I’m 26 and have made many financial mistakes. Live and learn

[@OmniRider]

Thanks man. I’m 26 as well and I wish I could slap my 21 year old self.

[@CRXk20a2]

Same

[@Guitar157]

Been there done that I’m happy with my paid off Hyundai lol

[@automotivetv9861]

@@OmniRider I'm 27 with an engineering degree yet I drive around in a $3000 2005 v6 toyota camry, oh and I also have less than $1000 in my bank account.

[@user-mg3rp1ni3m]

​@automotivetv9861 most americans dont have 500 in savings so your doing well man.

[@sofullcole]

As a fellow Arizonan car enthusiast I am dearly sorry you and your friend had to put up with my community.

[@IN-A-WORLD-MEDIA]

I love how you put yourself out there on this video. We all make mistakes, and even worse, we let what others think of us affect our lives. Just enjoy yourself and your car, no one else will for you.

[@kepeter97]

even if you rolled up in a veyron, people would tear you down some way

[@saltii844]

“Must’ve got it rented “

[@JasonInc1]

not a chrion

[@albertsantosTP]

“It’s an automatic”! Knowingly well they only come in auto 🙃.

[@qx4n9e1xp]

It's a heavy bean.

[@pizight9751]

Hell yeah bro just love what u love fucc others deluded opinions

[@javiercruz7388]

You ain’t a man till you stop chasing your “friends”

[@absi1155]

Bruh

[@abdel1175]

I appreciate how transparent this video is. It's really hard to get the car you want without getting hate or financially ruining yourself nowadays.

[@american-professor]

My only mistake was buying a new civic while I was a student. God it felt terrible to throw all my money on that car loan. But I paid it off in 2.5 years. I work in IT and make around 250k / year and I still drive my old civic. Never in my life I'm going to go through another auto loan

[@Alex-u6j8q]

Stop lying

[@Marvin.45]

​@@Alex-u6j8q😂😂

[@rell4514]

@@Alex-u6j8q😂

[@CookinBeatloaf]

At 250k a year you should have learned to leverage debt to your benefit, sounds like you're not there yet

[@xninja2369]

I suppose Civic atleast won't embarrasse you for monthly dealership check & repairs lol 😂

[@cobracommander9138]

When I was in the Marines we had a new guy that wanted to buy a car. He asked all of his friends and all of them told him no. So he eventually went to the dealer by himself. He bought a used car for 8k at 33% interest. He put $500 down and had a $7,500 loan. The car was worth around 5-6k. 33% interest is the maximum interest a licensed lender can charge in that state. When he got back from the dealer with his "new" car everyone looked at his paper work that showed he paid 8k at 33% interest and laughed at him. The ridicule was merciless. They called him stupid and everything else. But not one of them went to the dealer with him when he asked for help. It was sad.

[@soymilk9143]

robbing a bank has proved to get you a happy bit of pocket change

[@FBISHOJI]

You won't be happy when you're in a cell

[@soymilk9143]

@@FBISHOJI well that's why you don't get caught, silly

[@tippiebekfast]

Thanks for the tip, ill go do that now

[@Jeikune]

2 years ago when I got my license, I had enough saved up for a used v8 2015 camaro. It was my childhood dream car, but I also had 32k in student loans, and insurance was going to be 600$ per month as a new driver. I ended up buying a used miata for 3000 and paid half my loans. Boy am I glad I did, only regret I have is going to a private school and getting into debt to begin with

[@10RBREEZY]

You still did it the smart way. Grow from your journey and continue on to do better.

[@thatloserwhoplays]

And it'll probably last longer than the camaro

[@spencer963]

Plus the miata is probably more fun than the camaro. I've owned a miata for probably 8 years now, and tbh I enjoy it more than my c7 corvette. Though I do 'feel' a bit higher status with the vette. Which isn't my usual, I dress in my blue collar construction clothes everywhere, so unless you saw me crawl out of it you'd assume I'm either homeless or poor. Which I like. Less attention. I like the vette because it's fun, but the attention it gets is personally annoying

[@OfficeHanchoBoxing]

1st time buyer mistake. I did the same as well coincidentally going on 5 years ago in summer 2016. I Lost my interest in cars as I was in school and jumping into my career. Went to my first car show with friends, found out that Skyline GTRs are legal and literally bought the first one i can find ( I didn't even know how to drive a manual , my friend had to drive it home). A clapped out overpriced white one for 18k ( In retrospect for 18k back then, Skyline GTRs should be in better condition) . It was in bad condition despite having some fun road trips in it. I sunk in 3k on buying replacement parts to get it back on the road. Luckily i only had to spend 600$ at my friends shop. Starting in 2017, Now doing actual research on the vehicle, finding out all of this was a money pit. I put it up for sale. Me loving Gran Turismo and since this is my dream car I will get another one but this time do it right and not buy a stateside Skyline. I discovered an exporter in Nagoya Japan who does special orders , have minor work done to it , parts i had them order/ parts I had shipped to them and have it painted before being shipped to the states. I sold the white 32 GTR for way less then i paid for and sunk in at 12k, 6k less than I paid for :( . But months later in August 2017 when the new refreshed one arrived at the ports, I been stress free since. I put in some money in modifications but overall Ive literally spent nothing since it landed besides regular maintenance. Some times you gotta take a L to learn and get better in life. Especially when it comes to cars and purchasing them.

[@ViolentMLG]

I did something similar with my first car but not nearly to the degree $$ wise in which you did, however my second car was also a basket case too. So much money and time, tons of set backs that I didn't need that prevented me from jumpstarting my life in a correct way. I know its hard for young guys to face the reality of buying a 'boring' car, but its worth it. If you're living independently and need reliable transportation, buy cheap and reliable, it will allow you to get to a point of buying a good, fun car, later on. Also, A friend of mine went out and bought a newer car when he couldn't really afford it, insane interest rate + ins, and I watched it bite him for the entire 5-6 year loan until he totaled it, and before he totaled it, the transmission was on its way out. I think people get this confused sometimes too. Cheap + Reliable isn't always boring. I always tout old Nissan and old Infiniti (Pre 2003-2006ish) because they're tons of fun and pretty reliable, they'll outrun most of anything in the price range, and they come without the added rice potential of getting a terrible car from say, a Honda, where some high-school kids DIY'd everything.

[@clappedshinobi2863]

This is why I don’t use social media, only KZbin, use my time raising my kids right to care about what strangers think about me, and not having social media helps:3

[@Tacobro]

I thought i was stupid for purchasing a used g37 (50k miles) for $12k .i put $5k down and my payments are ~$400 a month for 2 years. im 19 years old and i work for my city as a parks & recreations worker. Thanks for your story. I thought i was the only one loosing my sanity over car payments and street cred.

[@moregainsmoreveins5267]

But there is nothing wrong with a g37

[@Tacobro]

@@moregainsmoreveins5267 facts

[@CG_Element]

This is why I’ll more than likely never buy a new car. All of my cars I ever buy will be used because you can still get extremely cool cars for cheap prices and modify them to make them way faster than newer cars.

[@barefootbab]

This is only good if you are willing to learn to work on cars. Then you will have to buy tools spend time be frustrated with your bargain used sports car. But this will develop a love for cars that you wouldn’t have if you just bought everything

[@beast11135]

My car goes 0-60 In 6 seconds (pretty slow but not too slow). For $6k I could make It maybe Into the 4.3 range but that's only engine mods. I'd still need to do suspension mods. I don't see It being worth It for an older car. But I can see how It can be fun. I considered It. I am getting a newer used car though, I'm tired of the lack of technology In my car. Plus the maintenance Is more on an older car.

[@christopherhall4270]

@@beast11135 ls swap?

[@beast11135]

@@christopherhall4270 of I did an LS Swap I'd probably be In the high 3 range. I'm talking about upgrading internals and adding either a supercharger or turbocharger, tune etc

[@cptfreeman8966]

@@beast11135 what kind of car do you drive? My car is 20 years old I put a touch screen radio in there and called it a day in terms of tech lmao

[@sabbath2112]

one moral of this story: the car community is toxic

[@wolfsden6479]

Most hype based young ones are, although you can fund good ones. They usually have older dudes that get it. I don't judge based off of hp and you shouldn't. Judge what someone managed to get for the lowest cost. I respect the guy that got a 6 year old rt charger for 12000 that was worth 22000 alot more then someone who spends 1000 a month on a lease.

[@fahim2797]

They're all losers. You buy a new BMW and they drive old hondas and try to make fun of you for having "stock wheels" like okay? lmao

[@lucysmith4242]

@@fahim2797 that sounds hilarious mate

[@lucysmith4242]

I've always owned shitboxes and never got hate for them at car meets. The trick is to be interesting, and work with what you've got

[@tindraxx7226]

The Audi TT mk1 for example is a really good community. They usually have older dudes that don’t talk trash about you or your car.

[@zixxer_bro]

I think I was just lucky to have parents that guided me into buing a car, i bought a used 370z for 14k when I was 19 and paid it off in less than 2 years from there I've just traded for new cars through private parties

[@goobah1389]

Fun car too, nice.

[@draektears2794]

same except I got mine at 21 for 12k and still have it 3 years later👍🏼 FBO & E85

[@Kevin-gq2kj]

Nicee, that’s the price range our age group should be looking at, and also go used

[@molondon3071]

My close friend owns a car shop and sold me one of his bmw for 3,850 5 series 75k miles I paid cash and still have a nice car

[@molondon3071]

Idk how people go in debt for a camero you might as well invest that 50k into real estate instead of a car

[@oidoubleu]

I wanna say, I understand you, and congratulations on finally getting your debts turned around. I’m in the same position just not hefty like that. I bought a bmw that I ended up hating, and still own, parts, gas, and insurance kill. Finding out first hand was the best experience especially because I only paid 3k, and at the time I only had 800$. It took me about 9 months to finally get it paid off. 9 months without saving a dollar, stress, and discomfort... I learned a valuable lesson, and I’m glad we’ve got people like you to spread stories like this to save others from digging their own grave. Yes you’re getting paid, but are you saving? Spending doesn’t feel as good as holding a lot of money with endless possibilities.

[@andrewjohnsnon2239]

I love the social and self awareness as you reflect on yourself, it shows you truly are a more mature person and have learned from your past mistake and just want to help others

[@brenton9492]

*Lesson to take from this video:* Don’t spend a bunch of $$$ to impress people. The only person you need to compare yourself to is your past self.

[@mortistio]

I totally get you man. I've been struggling with auto debt for years as well and finally I will be free by this summer. Now I will finally focus on the things I wanted to do.

[@ezekielmcclure5673]

Ultimately, what I want is to improve my driving technique. So I'm aiming for a GT/GR86!

[@Warfyobo]

Hell yea boi! I'm goin for the BRZ but yk same car

[@ocallaghan3865]

My First car most likely is gonna be a subaru A much lighter more economical one A vivio rxr Because the irish can't really be getting somthing sporty as a first car The long term irish

[@UpperRobin29]

@@Warfyobo Why don't you get a real sports car? Like the FRS

[@Warfyobo]

@@UpperRobin29 because I want the BRZ

[@luka_abh]

@@ocallaghan3865 damn that little thing is cool. Some of them are supercharged too

[@SuperEman500]

Every problem starts with that damn Corvette, my younger brother is living paycheck to Paycheck because of it.

[@henrybahr2779]

Thank you for being so honest with your story. It’s easy to flex what you have but it is much harder to tell people what you did wrong and how they can avoid making the same mistake. I respect that.

[@rolon-ew5kl]

Get something fun and affordable. I bought a 2001 miata for 4500. They are fun and cheap. Used cars are much are better deal. I get jokes on my miata but what ever I like the car deal with it.

[@rolon-ew5kl]

@New World Disorder I like to buy cars I like not to impress people out here. I don’t care my car is cheaper and slower. Unless we are racing that stuff matters but daily driving no one cares how fast you are to your average person.

[@ocallaghan3865]

In europe a a audi A3 can be got for 3k And theres also kei cars

[@rolon-ew5kl]

@@ocallaghan3865 rules of fight club movie, “ We buy stuff we can’t afford to impress people we don’t like.” I buy stuff I like. I don’t care if someone doesn’t like it I bought it for me not for them. I buy stuff I can afford not to impress people. Most people annoy me I have very few friends. I don’t socialize too much because people be gossiping too much now. That crap annoys me.

[@Gaphalor]

2005 Smart Roadster for 3.9k, RWD Rearengine and 800kg for ca. 4k is a hecking good deal. I am a student, when ihave some good job ill upgrade for a used Lotus or something like that. I like the lightweight nimble cars, way more fun than those big heavy cars with big power...

[@rolon-ew5kl]

@@Gaphalor same the miata is a very lightweight front engine rwd roadster. My car weights 2600 pounds.

[@davoinshowerhandle3302]

At One time I had three cars, It made me realize my financials were not up to par with my current hobby. Sold all three switched to a boring reliable transportation.

[@thephao4327]

Omni paying COD Me: Wait did KZbin break?

[@Davidxdlol]

How much did he pay cod? What?

[@idlx420]

thought i was watching neros cinema for a sec lol, they even sound similar,

[@TheFroBro11]

I come back to this video every month to stop myself from buying my dream car too early in life. Car debt is no joke, and the unfortunate truth is that being young with few responsibilities is the best time to build wealth. Thank you for sharing!

[@CookinBeatloaf]

I did it quicker than expected. Drive a low cost efficient vehicle. Pay off your high interest debt. Then start putting aside the amount of monthly payment you think would be a good idea. Adjust as needed. Then, calculate how many months you would need to save the money, and figure out what the current total cost of interest would be. Readjust either the car expectation, the duration, or find a way to save more money if needed to keep the cost of impatience where you find it acceptable. Do not go to drive the car where there are salespeople, don't look at FOMO promos, etc until you know what you can actually afford and how much extra you're willing to pay to drive it today instead of waiting to buy it outright. I chose to invest the money according to my risk tolerance, which ended up making me a lot of money. I was able to save for my affordable dream car ($50k several years ago ) much quicker this way. I almost got a nice commuter, a miata, and a few others. I was tempted to get a Cayman, but the numbers were gross to me. Maybe an M3... Nope. M2... Nope. M255 (whatever the number was), still nope. Then when I found the one, I had around 50k in the bank set aside for it. Negotiated to the out the door price to hit where I wanted to be then shopped the finance to below inflation. I ended up only taking maybe 1/5 of the money out for down and to make the monthly be what I wanted. At any time, I could own the car outright if I wanted. Meanwhile, that 40k has grown to 75k while I enjoy the car, luckily no significant expenses, just routine maintenance and my choose to add a winter wheel and tire set.

[@itsmichael415]

This is what teachers and parents have been warning us about all our lives, don’t listen to negative peer pressure and accept yourself

[@mr.boostang2064]

I learned my lesson in 2018 when I found myself in 48k in car debt lol, I started watching Dave Ramsey and now my only debt is my house, no more credit cards, car loans or student loans. Currently trying to pay off the house aswell lol 😎

[@xkap]

credit cards aren’t bad

[@mizkimo466]

Lmao no more credit cards

[@ViolentMLG]

Ramsey is great for the everyday working blue collar person. However, if you want to achieve real success, Ramsey will not guide you correctly. You shouldn't fear debt. Billionaires have billions in debt. You don't grow wealth by being afraid to take risk. Smart risk is one of the best ways to advance in life. You have to get comfortable with debt to succeed in most area's. It is what it is. Debt is a tool to gain wealth, when used improperly however, as a tool to NOT gain wealth, its useless, and that applies for most regular people.

[@Szcza04]

@@xkap they are the worst in terms of interest rate

[@elonsus9747]

Did you pay it off or get rid of it?

[@Sahidable]

Last time I was this early, Omni wasn't even known, yet. Glad we know him now :)

[@T7M7P7L7R]

you being honest with your subscribers is honorable, mad respect bro

[@501Labsmusic]

Had someone rear end and total my mustang that I had 5 years left to pay off($410/month). Best thing thats ever happened to me. Insurance wrote it off and I paid cash for a cheap bmw out of the payout. Im absolutely never going to buy another car that I can't pay cash for. Its such an unnecessary financial anchor.

[@kanazuchi923]

My car payment was $522/month for 5 years. The freedom and lifestyle it gave me, I still have zero regrets. Towards the end of my car loan, I went to the dealer for some work, the salesman that I deal with during my purchase said, "I need to get you into a new car, because you're not going to buy another one once your payments are over."

[@carman6016]

I’m willing to get a Tesla. And Ramen be hittin different, especially if it was a childhood friend.

[@Sticknmove_b58]

Owning a Tesla would make sense financially on fuel. Especially the new model 3 for being such a good price

[@JoshuaVarghese]

@Beau 300 miles in a Model X from Tesla’s fastest charger costs $25 as opposed to about $60 for the same range for a luxury SUV in California. I believe the battery replacement is covered for 8 years. If you buy a very early production model, then costs will be high as it was for the Model S guy. But the Model 3 and Y are much simpler cars with lass costs spent for repairs. Features like regenerative breaking make it so you rarely have to change your brakes and the lack of maintenance outside of the AC also reduce repair costs

[@mikeyle119]

@Beau most people dont use fast charge tesla stations, its easier and much more cost effective to charge at home overnight for about 9 cent a kw, which translates to about 3 cents a mile, or about a dollar for 30 miles of range, as opposed to current gas prices which give you about 30 miles of range for one gallon, $3.50 a gallon on average, my tesla saves me about 2000 a year on gas.

[@Sticknmove_b58]

@Beau I have, electric cars aren’t what they used to be. The next coming years the technology of electric cars will surpass the efficiency and practicality of conventional fuel vehicles. Not saying I don’t enjoy fuel powered vehicles but the way the industry is heading is EV. R&D is going into EV at a lot of auto manufacturers now aside from Tesla.

[@trashbandit2449]

@@JoshuaVarghese I don't think it's fair to use a heavy v8 luxury suv in the state with the most expensive gas as an example?

[@charliecole624]

I live in Houston, Texas. The car scene is toxic here lol

[@dave_riots]

As a fellow Houstonian, I can confirm this.

[@Sesamestreet9080]

Yes quema cuh

[@VQ.Family]

Big time

[@dave_riots]

@@PlaywithDaisy Pickup truck owners.

[@dave_riots]

@@PlaywithDaisy There's those too, but the SLAB community is usually pretty relaxed.

[@LunaticTheNick]

Dude, keep the family car, but get a cheap beater project car next to it and go ham on it! Makes for great videos and is way cheaper than taking out a loan for a brand new performance car. Also, track days!

[@radelement3987]

This exactly what I'm doing I got a 91 civic hatch and I'm planning on b20 swapin it

[@LunaticTheNick]

@@radelement3987 sounds awesome man, good luck :D

[@AwesomeDoug248]

This is great self reflection. Sounds like the problem wasn't the cars but instead some insecurity in what others think. Glad you are growing as a person and comfortable sharing the story. Thank you!

[@Jaythesizzle]

I happily bought a 2019 Camaro 2.0 4 cyl turbo and I don’t give a damn what others think. It’s a great car

[@twins4life274]

Take care of that Camaro! As a Camaro girl, I wish more guys with your mentality existed.

[@kingkota2302]

Yo you paid 29k for v6 I could've found you hundreds upon hundreds of v-8 mustangs hell I could've found you a zl1 camaro for you around 30k

[@trashbandit2449]

A new one?

[@Slapshot544]

@@trashbandit2449 Buying a car brand new is financially one of the worst things you can do. You're gonna lose thousands just driving it off the lot. Unless it's your dream car and you're gonna keep it forever it's always better to buy used just get it thoroughly inspected before.

[@trashbandit2449]

@@Slapshot544 definitely. If you're ever selling that car and it's not some rare, going to appreciate car, that would be a horrible choice. I was saying a new one to him saying find a zl1 for 30k (I think). He was probably talking about a fifth gen, and my comment was pretty vague. 30k for a fifth Gen zl1 is still fairly cheap

[@trashbandit2449]

@@mobent912 my "a new one" question? Yeah it should have. But an old one for that price is still pretty unbelievable. Don't know why I asked that anyway

[@trashbandit2449]

@@mobent912 I meant unbelievably low for that car. But yeah, I'm guessing we are going to have some heavy inflation happening soon. Too much money floating around and being made because of covid and spending. Fun

[@bgforever]

That ending... that ending, bro...

[@Juanchoo_133]

Glad to see you out of a car loan! I was always told to never buy a new car unless the deal is really good (when normally it isn’t) I picked up a 2016 2SS camaro for 30K in 2018 at 21 years old & paid for it all in cash since I didn’t want to deal with monthly payments so I saved up for it. I hope to own a ZL1 one day & with my current financial situation, am able to but I’m satisfied with my SS for now & rather have a house which is what you accomplish (congrats!) & able to rent it out to basically save money & help you pay the mortgage. Life is a lesson & you won’t learn anything without making mistakes. Stay up👍🏻

[@deskpest97]

Always hated being the one guy in the friend group with the corolla. Now I couldn’t be happier knowing I’m not blowing money on car payments

[@Triannosaurus]

Contrary to belief, buying expensive things usually make you look corny to people, not cool.

[@BreadAndGatorade]

Nobody hates on my Mazda 3 It blends in like Waldo Helping me stack cash 16 inch wheels means cheap tires, comfortable ride, and no curb rash

[@sersolo3112]

Yo i got a mazda 6 with 16s and stacking cash aswell 😂

[@sersolo3112]

@Scotty loves Chrysler’s well let me tell you this im from Europe and in my area insurance and road tax on a mustang would cost about 2k a month so ya Bill Gates here I come

[@jonathanhager3930]

FYI. Zl1 is faster than the mustang and hell cat in everything but drag.

[@killiansnell8965]

The 1LE beats the gt500 around a track?

[@huskysharky9025]

The car in my profile pic beats all the cars mentioned even the zl1

[@AnthroGearhead]

What if Hellcat SRT with Viper chassis top to bottom

[@ΒασιληςΦιλης-φ1χ]

@@AnthroGearhead how can thus happen?

[@AnthroGearhead]

@@ΒασιληςΦιλης-φ1χ beeg brain time

[@cudaveyronr3420]

dude, i live in TX, you gotta have like 3000 horsepower around here lol

[@LG-yp7ot]

Boosted mustangs everywhere lol

[@HypernovaGT]

I live in Plano and I had a moment where I thought the car scenes are toxic here. I had a 2001 V6 Mustang (paid the whole car upfront) and I got the same reaction as you did. Since it's old, I got people asking if my parents passed it down to me yet I'm completely independent. I recently upgraded to a 2006 Mustang GT with manual. Before I head out and buy my next car, I did a lot of thought and research about financing. So I only pay $200 for 3 years. Yeah, I get some people saying that mine is slow and suggested me to get a Coyote, Cobra, or Shelby. I come to have the same realization as you did. Enjoy what I chose and don't let these people get to you. I'm planning to keep my car forever because I cared so much about it.

[@OmniRider]

Good on you Arthur! Glad to hear that you’re proud/love your car 👍

[@Jack-dw4cd]

Videos like this make me happy that my dream car is an integra. I bought mine on loan for 4900 with a $900 down payment to build my credit. The only thing I’ve changed on it was putting a jdm conversion front bumper kit. It came with a small turbo on it pushing 12 psi boost, and a great set of Firestone performance tires with 80% tread left. I got super lucky on it.

[@Hamsteak]

And now I stick to used cars, I save a ton of money doing so

[@roarbahamut9866]

Yeah, let some rich dude eat the depretiation.

[@Hamsteak]

@@roarbahamut9866 damn right 😁

[@jae9843]

lol @11:00. "Despite everything I still did love all three cars. The Mustang for its heritage. The Camaro checked off one of my life-long dreams... And the GTI is a spunky little boy." Ah, what grown man can resist the allure of a spunky little boy. lolol.

[@JoseGuzman-in7xm]

Lowkey needed to Hear this

[@munchies24]

Honestly, this is a big reason I don’t show myself too much within the car community. There are too many elitists, and more people that want to put you down than be happy for what you personally enjoy. There is no winning, as whatever you have, they always will criticize you for why you don’t have something more powerful/expensive. I’d likely be in a pillory if I put myself out there with an I4 Kia Stinger, especially since it is an automatic, but I just keep to myself and enjoy what I have. They can keep all of the negativity to themselves, I’m good. I’m glad you got out of your hole, it is a truly liberating feeling when you can step back and focus on what makes you happy and not others.

[@GabrielMartinez-sd8pc]

I did the $55k truck purchase. I sold it. I got a base model 2021 Mazda 3 and I am thoroughly pleased. Literally, no one needs a car more than $20k brand new.

[@paulp939]

Nomore chicks either 😂

[@jochenkraus7016]

​@paulp939 At least not the ones that are only there for the fancy things. But I'm not sure about the 20k. Even the Volkswagen Polo starts around 21k € list price. That includes 19% VAT but subtract that, convert to USD and it's close 😮

[@tim3172]

@@paulp939 Strange flex to tell us that your only redeeming characteristic is your car.

[@paulp939]

@@tim3172 its the way the world is , facts

[@papajhonsreal]

You know it's a good day when Bladed and Omni upload on the same day.

[@emilieh4180]

After saving up since high school i bought my first car this summer and i didn't have to take up any loans and hopefully some day i'll buy my dream car... but I'm going to wait until i can afford it and also buying a home comes first 🙃

[@ΒασιληςΦιλης-φ1χ]

What's your dream car?

[@flacohernandez4380]

Man you will be waiting a long time if you go about life that way, you only live once... Enjoy your life while you can.

[@flippatheshippa]

That’s Smart steer clear of debt best as possible it’s not worth it always pay in cash

[@flippatheshippa]

That’s Smart steer clear of debt best as possible it’s not worth it always pay in cash

[@civicpride1986]

Keep thinking like that, house will be an asset and cars only loose value so getting a house first will be a great idea..

[@Hello5Jack]

Buy what you love and drive what you buy, don't let other people decide what you buy.

[@youngtilt5506]

waited till 23 and got a carolla hatchback brand new, i just work in a resturaunt so i dont make much but was still able to pay it off in 9 months, best choice ive ever made i love it

[@andrewjohnsnon2239]

Moral of the story: dont get a v6 muscle car, there literally is no reason to theres many better cars for cheaper just save up til you can comfortably afford the v8 version and youll feel much more accomplished

[@dextec49]

An education in life. True friends, car scene. Jealous people! You create your destiny. Good video

[@H8r0fStuff]

The last three seconds of the video was so unexpected it sent me 🤣🤣

[@RiggyRonnie]

To think you could’ve just saved 5k back then and bought a used v8 mustang and been satisfied for these years.

[@chriscarlisle777]

Fr!

[@AGNDAHOUSE]

No he wouldn't be satisfied cuz people would still have made fun of him for having a gt

[@vargasaidan7366]

@@AGNDAHOUSE people will make fun of him for having any mustang model.

[@chukman102]

@@vargasaidan7366 People will make fun of you for owning a car no matter how unique or powerful it is.

[@10RBREEZY]

@@AGNDAHOUSE What's wrong with he GT. Planning on seeing one tommorrow.

[@baileyf1998]

Remember that v6 mustang is faster than probably majority of cars at the meets. Also I've never had a bad encounter at a meet and I drive a "Wrong wheel drive" Focus ST. Everybody at the meets in the PNW have been very supportive.

[@BaseJeezus]

Crazy how this pops up in my recommendation as a 22 year old thats freshly outta college lookin to get a new car soon. Think ill just play it smart till im REALLY up later in life 💯

[@godboy114]

Damn I'm gonna go get my Honda Fit detailed now for not ruining me financially

[@davidm2938]

Thankfully I'm more into the VIP cars so I got a 2005 LS 430 in keeping forever. Paid off and reliable. I get haters to but they ain't paying my bills.

[@marco30599]

I almost bought a LS 430 but I opted for something newer however I wanna get me an LS430 soon even if as a second car

[@JimBobe]

Graduated college 2019, and my first ever car i got when i got my first job a few months after graduating was a 2019 civic sport. Beautiful car and low monthly payments! Refinanced a year later and cut my finance in half! Its nice not being “car poor”

[@Theunderwrldreloaded]

I want a hatchback or an si still affordable but with a little bit more balls

[@JimBobe]

Edit: currently own a 2022 genesis g70 and am 40k in car debt!

[@captionmissilec.7018]

Wow I watched this fully without getting bored. Good on you man I see this channel going very far if you open up about the issues most of us feel uncomfortable talking about. It’s like hearing advice from an older brother :)

[@chrism1516]

You’re a real one for sharing this story, most people like to pretend that they don’t have a pile of debt hidden behind that shiny muscle car.

[@andrewcohee1699]

That’s why I bought a used truck. Paid it off within two yrs. now I can focus on life! Oh look a shiny Harley...

[@kaiul2967]

Muscle cars were my biggest money pit and financial regrets now that I am older and wiser.

[@goatapp8965]

Your problem is that you weren’t financially stupid you were just emotionally weak. You got bullied into changing your car cause you’re not confident in yourself or your own choices you seek the validation of others fine God, brother.

[@wigletron2846]

Cars being so expensive is why I got into bikes. Way more performance for a fraction of the ownership cost. Besides the occasional Harley boomer there's also pretty much no hate in the bike community.

[@bbuny10]

V6 Mustangs sell well in the aftermarket because the V8s are USED. People who want a used Mustang often look for a V6 to modify

[@noahbones1221]

That’s why I love pulling up to car meets in my beater 1989 and 1999 Jeep Cherokees lol. straight piped straight sixes with damn near 300k miles. Cars are only an expensive hobby if you make it an expensive hobby. Old cars are much cooler and alot more affordable. Alot are more reliable too when sorted out.

[@cressida9882]

If you can’t afford it twice, then you can’t afford it at all. The only thing you should ever take a loan out to buy is a house.

[@roarbahamut9866]

Straight bs. Just because you dont have 10k in your savings doesnt mean you cant afford a 5k used car. House loans are, atleast here in Germany (I cant speak for the US because I dont know the laws) a VERY big money trap which can put you in huge debt. The sidewalk needs to berenwed? Guess what, now you gotta chip in a sh*t ton of money. You didnt plan in enough money for enterior repairation. Now you sit on another loan. House loans are for decades, a car loan not. Even if you made a mistake, you will manage 5-8 years. Your house hase unforseen problems? Guess now you have a problem for the next 30 years. The world isnt black and white. Apply to your own life and dont blindly follow a statement made buy a dude that made millions. Just my 2 cents tho, after finishing school and earning my own money and managing savings.

[@cressida9882]

Yeah

[@johndavis3858]

This was recommended right after I was looking at a w204 AMG 😂

[@MrBrightSide784]

I always loved cars and I do enjoy my corvette every time I drive it but, I can relate to you when you say how your friends and family are moving on with their lives and having kids, buying a house and whatnot. I wish I could get that thought out of my head and be happy about where I am in life right now

[@jaydenfajardo833]

i love cars my friend , i rate my own Toyota GR86 a 10/10 and i can tell u so many other people out there wouldn’t agree. your worth doesn’t depend on what people think about you. Also , don’t ever regret what you do in life because at the end of the day , we live and learn from our mistakes. take care brotha