HOW TO FINANCE A LAMBORGHINI OR FERRARI...

My advice an experience financing my Lamborghini Aventador and my Ferrari F12. Some hints and tips and what to expect when financing your first exotic car or supercar.
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[@artisms7799]

Thanks for the motivation Bro! A year or so ago I started watching your channel and since I’ve got 6 real estate deals on the way or sold. Next year I want a super car. I appreciate you and your positive Vibe! Keep doing what you do.

[@shadeaux5351]

How exactly did you figure out the process for it? I’m 19 and want to look for extra income possibilities down the road

[@_obiettivi4salute_47]

same@@shadeaux5351

[@extreme_exotic_whips3344]

Thanks for always dropping the knowledge Mr. World motivation as always your videos are very helpful and useful thanks for sharing 😊🙏🏾

[@gsdgroup1428]

as always great content!! a person can never hate on a man thats transparent !!! as the old saying goes "he who has nothing to hide, hides nothing"

[@hendog323]

This is really helpful information. I have been gradually stepping up and was wondering exactly how I can get into something like an SV. So far went from G37 coupe to C7 Stingray to C7Z06, to Audi R8. Hoping in the next few years I can get into something more exotic.

[@damoncolbert6697]

I appreciate you puttin' me on with the extra info regarding financing super whips. I really like the idea of making money by owning a super whip, and being paid to drive one. The mark of a true playa, baller and hustla is to always be on that grind and always on that paper chase. I really like how you're always looking for, and finding, ways to stack mo' paper, playa.

[@justwin_247]

Working for banks as long as I did I always looked at these big purchases as negative.. But Will has it right.. buy the right ones with the right financing and don't destroy it, you can make money in exotics. Also better to not tie all your money up paying cash (invest it). If you can do both, though, congrats!

[@emkhet7924]

Great informative video Will! Appreciate you educatiing us on how the process of financing a Lamborghini or any supercar at that, works. Definitely gonna refer to this video before I purchase my Lamborghini Huracan.

[@kmetmosnja6341]

Thanks for being honest with how to.. with your personal history behind.

[@FastLaneD]

Good info Will! Once I get my first lambo I’m making a road trip back up to Columbus 🤘🏾💯

[@v97365]

If the dealership does the loan themselves, you might get a slightly higher interest rate of like .01% up to maybe .05%. regardless, whatever quote you get from a 3rd party financial insinuation. The dealership will most likely have a higher interest rate. Those hundreds of a percentages matter I.e. (.01%) especially if your financing more, like a house or a car price 100,000+. Thats where they make the money. Because the dealership is charging you a slightly higher rate, then what they borrowed the money at, and are paying back your loan to their bank. Obviously since Lambo financial for example wants to write the loan and it might be faster and more efficient, they are borrowing money from a financial institution but have more options behind the scene because they are likely not to default if you don't pay. Yes you might get a higher rate from them, but they make a little more money on that rate and payments might be a tiny bit more but they need to pay back that loan too. Because that interest rate they borrowed the money to give to you for your rate interest rate- it is lower than what they charged you. The spread is their bread and butter. He is right, some banks won't take on the rest, however, those same banks that won't take on the risk from you directly, they will write the loan at a lower rate to the dealership and they will mark it up slightly and write you the loan.

[@Armurp01]

Man you've been the most consistent when preaching your message....salute.

[@WillMotivation]

Thx

[@PaulWolfert]

😅 watched this RIGHT before heading to the Toy Barn in Ohio to get my car and was shocked to see the SV. The staff all said you're an amazing guy on and off camera. Love that!

[@WillMotivation]

Haha thanks! What did you buy? Should have sent me an invite!

[@ZMCarsandMore]

Keep up the content Will. Shout out from the DFW.

[@boyTerry]

Bro Will !! My Man !! I told you that your channel was inspiring me to get my first supercar and guess what? I just bought a 2nd gen. Bentley GT W12. I am coming up in the world right behind you bro. Keep inspiring brothers like me all over the country and the world. My next target is the 720s or SV. Wish me luck! FYI - I bought my Bentley @ Sarchione Auto gallery in Ohio. If I had known you lived there, I could have stopped by one of the shows there.

[@WillMotivation]

That is awesome! Congrats brotha

[@Ricocase]

Lambos and Bentleys are Volkswagens. How reliable so far?

[@englishwords24]

amazing mindset you have will❤️

[@user-jr6bl6bf9d]

That cold start was so good

[@cayman2lambo2025]

Hopefully I can get my Huracan EVO next year. Just had my 2022 GT4 delivered last week. I believe I’m on the right track. Thanks for the knowledge.

[@WillMotivation]

I hope so too!

[@donnybrooks13]

Thanks for the info, awesome car. Do you trade your cars at the dealer for the upgrades or sell privately first?

[@DJBberry]

Love the videos. Thank you for the content. My only question on climbing that ladder of car buying. How long did you keep the cars you used to trade in?

[@WillMotivation]

Great question. Normally I would keep the cars around one to one and a half years before trading them in but sometimes I would trade them in much sooner like after just a few months but usually not longer than two years

[@mannixkinsey6038]

Thank you share your experience and knowledge.

[@WillMotivation]

My pleasure. Thank you for watching

[@matcballstar]

Ferrari financial services does charge a higher rate than most banks but they also have sole creative balloon loan payment options that work for some.

[@luisfabriciogarbato9656]

Good video Will! Always love your content, I have my own process to finance 150k+/200k+/ 300k+ cars. 1) I maintain my credit score always above 740p at least, it's 811 right now, 2) I have a good relationship with my bank and do everything wity them in regards to borrowing money (except of credit cards) and 3) pay my debts before due dates and 4) keep my credit cards always below 10% usage. ///// all my loans are approved in matter of hours.

[@adamk9830]

Have great credit and still bought my '22 R8 outright. Sold two Corvettes. A C7 Z06 3LZ/Z07 and a base C5 as prices were going up. Invested it in the market. Gained a bit there. Took the money out earlier this year (Feb/Mar) as things were heading south. Paid MSRP for the R8 in Apr. Had I not taken the money out of the brokerage account and let it ride, it would have gone down nearly 20%. Instead, I bought the R8 with it that still has a resale value over MSRP. BTW - I live near you in the Galena area.

[@WillMotivation]

Let’s go cruising 👍🏽

[@QueTheChaotic]

As soon as you mentioned credit score, Credit Karma sent me a notification lol. Thanks for sharing the knowledge. You helped me get financing on a house with a lender you mentioned before.

[@WillMotivation]

Excellent!

[@mrmeadowsiscool]

honestly I've been watching these videos today, I've been making a monthly budget plan for my dream car, home etc. Trying to envision this in my mind and work it into truth. Its hard at the bottom but so much room to go up

[@WillMotivation]

You can do it! Have a plan and work your plan. I'll do a video for you.

[@mrmeadowsiscool]

@@WillMotivation Thank you!

[@larennhunt6860]

Nice video man !

[@nino2u]

Damn got the Mayweather endorsement!! I’m from Columbus but living in Florida now, but I see ya bruh! 🙌🏾🔥

[@PassportBrosBusinessClass]

I have a solid 850 across the 3 bureau’s and I have maintained it for 3 years. The only thing I’m willing to let it dip for is a new piece of property. To buy a supercar, I’d rather use my business credit- but since I wouldn’t buy one of these - a $130,000 car being the most, I needn’t worry about those score dips.

[@MidnightG37]

Informative! Lol v12 setting car alarms off ! Crowds chasing ! 🔥

[@WillMotivation]

Right!!

[@Jrb270]

Good to see👍🏽

[@derekstephens8340]

Another Banger WM! Keep the hits on Brother. BTW… your boy Richard Fain coped a new Whip. BMW M5! Still rolling in mine looking for a drop top 911 4S manual for my weekend vehicle. Free Agent From Washington DC.

[@yannicali]

"When you work hard ,you play hard..." I like that saying. =)

[@PassportBrosBusinessClass]

Car dealerships get commission and bonus of of the volume they bring to their lender.

[@isaiahakaic6386]

Will if you ever need help driving those beautiful cars hit me up lol lol. Love the knowledge you drop on your video.

[@Sunburn2007]

What about debt to income ratio on these things? I make over 100k a year, and drive brand new Mercedes AMG products, upping my car more and more every 2 years or so. No missed payments ever. Credit mid 700s

[@starbrightpools]

lamo, damn that's loud. Love it!!!!

[@CLivetv]

Dope video bruh 🥂. #Motivated

[@WillMotivation]

Appreciate it!!

[@jeraldmcwilson2189]

Thank. You .

[@sjtanman]

You can finance over 120 months and lower your payments too. You will pay a higher interest rate but it's worth it because you won't keep the car 10 years anyways.

[@retroliftsprs]

Saw this car at a meet it's an absolute monster.

[@WillMotivation]

Thanks bro

[@retroliftsprs]

@@WillMotivation Of course just gave you a shout out in my recent video as well. Not that it will help much but hopefully one or two people come over to your channel. Was flexing the shirt on people lol.

[@ryanlayman2560]

Im a new subscriber! Also in Ohio. from the CLE/Akron area. I'm looking to get my 1st super car.

[@WillMotivation]

Welcome and congrats my friend!

[@dennissmith7214]

That thumbnail pic though is raw! 🙌🏽………….credit score of 775! 👈🏽😁

[@lav773]

Best spec SV I've seen 👏

[@WillMotivation]

thanks

[@bigmeasy55]

Good looking on us bank I didn’t know that.

[@moestaxx286]

pretty dope bro. didn’t know you was a software engineer by trade! i am actually working to become a backend engineer without school and it’s quite the process but i know it’s possible with hard work. as for investing in real estate. i am not really into that but i love the stock market and i love trading. that’s my 2 things that will help me get to your level bro. right now i’m enjoying the process of the grind ✊🏽

[@elkinslawncare]

Anyways to help me cheat around a 2022 Dodge Challenger bumble bee. I have $3k to put down but it’s a $59k car I have a $30k loan. Current at $27k. What do I need to do to swing things around.

[@OzArt559]

Will what kind of Real estate did you do, wholesale, flipping properties, or rental properties?

[@WillMotivation]

Flips and rentals my bro

[@leathmarquise]

How you pay a month and for Insurance

[@ice_tray9758]

Woah I didn’t know u had a c7 story time on all ur old cars ?

[@WillMotivation]

Ok will do

[@trinisuprazee]

Debt to income ratio less than 40% will be a good play

[@audes.4433]

Here's another hack, Will didn't mention when listing his how to finance supercars., and I feel this is one of the top two most important thing when looking to finance a supercar or any vehicles in general and that is, Build a good friendship/trusting relationship with your dealership/salesperson (in this order). Trust me... when you have a strong bond with your dealership/salesperson it helps you achieve your dream car much easier/faster (Financing or Not). E.g. I've purchased $100k plus vehicles and every purchase my dealership waive their Doc Fee along with other fees I won't list cause I wish not to cause any issues with my dealership and or salesperson. Let's put it this way... every vehicle I own/purchased (Range Rover, Mercedes, Jaguar, Mclaren) I haven't paid MSRP, but then again I've finance or had to finance route for any of my vehicles. I understand a large percent are in my financial position, but my point is... a strong bond relationship with your dealership is "financially beneficial."

[@jeraldmcwilson2189]

Nice

[@LoKiFee]

Did they refer your exotic loan as a mortgage? On my viper that's what they kept calling it

[@WillMotivation]

haha wow nah man. i think maybe they were being funny

[@TKGxCOD]

Did you pay off each car in full as you were progressing, From 6:00 onwards

[@WillMotivation]

Nah. Not until recently

[@AB_THE_CEO]

good video King

[@WillMotivation]

Thank you brother

[@JayFreshman1]

I know you love the car but you and I both know it's a seller's market right now will! Take advantage and pocket some cash for another ride down the road for the channel- people love diversity in vehicles for car channels. If you can not only make some cash selling high valued rides but BUY another one.. you'll be set and have the real model down to a T.

[@AJUSA1]

SV is by FAR the best aventador!

[@KiNG-tx9je]

So do these cars get purchased under an LLC Will? Or is it ur name and the llc pays you? I know u pay urself, but. Curious. Im in a lawsuit that I'm winning and I plan on growing this wealth and not blowing, but I cant lie. I LOVE nice shit. I've always wanted a lambo or ferrari but I really want to do this right. I plan on buying 15 or so homes outright, and getting renters in and going from there. I'm in the F82 M4 phase now. We gon see what's next

[@WillMotivation]

I do both just depends on what it really is. A car for work or car for personal

[@jacobklein2778]

I got super lucky. went from a merc c63s $1200 a month payment to a lambo $5k a month payment and they didn't even check financials. 830 credit score though.

[@krazyjnva2up2down55]

5k a month 😂

[@jacobklein2778]

​@krazyjnva2up2down55 that and a McLaren 600lt, and my wife's merc E53, and 3 other work trucks, house payment, business shop payment, on and on and on. Easily 50k a month going out. But there's 80k a month coming in. For you, you're probably working at Wendy's making $20 an hour. Your "EXTRA" car budget is like $100 a month. I understand why you find it funny. That's what all broke people think. 😂😂😂😂😂😂😂

[@krazyjnva2up2down55]

@@jacobklein2778 Wendy's? No, I'm a merchant mariner that pulls a little over $200k per year. I find it funny because I saw anothdr KZbinr that put $75k down for the same car and walked away with a $1500 a month payment which included the car insurance. There's no place on earth you can go that will impress me with my salary . But I know a few I can go that you can't and it's not a money issue it's a clearance issue 😂

[@Ricocase]

If you can't buy 2 of them cash, why buy 1?

[@mickpov4708]

I need to step up my game an go get myself a super car..

[@WillMotivation]

Sometimes that's the move :)

[@shuvohussein4076]

Bro where do you live

[@mooz2x]

🔥🔥

[@jeraldmcwilson2189]

Does. This car have a spare tire.

[@WillMotivation]

No sir

[@whitejodeci8926]

If you have a decent stock portfolio, you can also take out a margin loan at only 3%

[@WillMotivation]

Great point

[@ScottKelley]

I tried looking up Hamza's Instagram but the one that comes up hasn't been updated since 2016!

[@WillMotivation]

Exoticsofohio

[@ScottKelley]

@@WillMotivation I think it's been changed or taken off Instagram! It's showing up in Google search results but when I click on it, it says "Sorry, this page isn't available."

[@datboyyoungtripp9477]

Why you keep changing the color?

[@WillMotivation]

Only changed it once

[@datboyyoungtripp9477]

Feels like more mr Lambo lol 😂

[@Jps-su4tk]

U own them under your name or an llc

[@WillMotivation]

Both

[@tifflawson67]

Call me … If you need financing for your next toy or a Home Equity Line of Credit (HELOC). By the way Will, I’m trying to have matching cars with you. 😂

[@StreetCars101TV]

Wow, I always wondered if car hacking works

[@BrookT]

The dealership gets paid by marking up the loan

[@kevinupton900]

Most people finance them because most can’t afford them, not because it’s smarter

[@WillMotivation]

I would tend to disagree with that because that would mean the banks are stupid enough to lend to people who cannot afford the cars and in my experience the banks now err on the side of caution

[@dzikijohnny]

FYI...that deer will so mess up a car...I've hit 2...and venison is very tasty.

[@WillMotivation]

Sorry to hear that, hope you're alright.

[@dzikijohnny]

@@WillMotivation It was over a space of twenty years. I’m in Minneapolis. When I drive to Madison I can see 30 dead deer on the road.

[@christopherpettway]

Your SV is sitting on the ants 🐜

[@jeffdorris5321]

😎💪

[@loadthebowl]

how to finance a lambo... step one be rich

[@DerivCapital]

that thing sounds terrible

[@tayloremriectx]

“You guys wanna look at the car when I’m talking, not at me” bro…. SUB SCRIBED!!!!

[@bountykilah2000]

The Dealership makes money from you via the “Buy in Rate” A buy rate is the interest rate that a potential lender quotes to your dealer when you apply for dealer-arranged financing. Your dealer may offer you an interest rate that is higher than the buy rate. The rate the dealer offers you is called the “contract rate.” Sometimes the lender pays the dealer a fee for arranging the financing that is based on the difference between these two rates. Dealers may have discretion to charge you more than the buy rate, so you may be able to negotiate that interest rate. Ask the dealer if you qualify for a loan with better terms. In general, dealers and lenders are not required to offer the best rates available. You can save money over the life of the loan by getting quotes from multiple lenders, comparing offers, and negotiating for the best interest rate available to you. This could save you hundreds or thousands of dollars over the life of the loan. TIP: The dealer may offer you a higher interest rate than you can get directly from a bank, credit union, or other lender. Shop around to find out who offers the best interest rate and use that information to negotiate the best rate for you. LEARNED about this from a friend of mine that had a dealership.