How To Get Financing "APPROVED" For Any Exotic Car?

[@gregjonestv1]

Ive watched a couple of your videos and I find them all extremely helpful. But as a former regional head of lending for a national bank, this video is HANDS DOWN THE MOST POWERFUL AND WELL EXPLAINED LANDSCAPE OF HOW BANKS ACTUALLY APPROVE A CAR LOAN AND MORE SPECIFICALLY, AN EXOTIC CAR LOAN. Had to put that in all caps. I'm a believer and will be signing up for the course. Bravo sir!!!! Bravo!!!!

[@SkylineR33]

Friend of the video maker ?

[@gregjonestv1]

@@SkylineR33 No. Simply stating my feelings.

[@damiondice]

Neither am I a friend of the video maker. I have done this similar thing by buying branded high end cars and flipping them but this ECH changing my life. I’ll be vlogging my journey when I do the program.

[@JavierGonzalez-1906]

@@damiondiceupdate?

[@rubenchen4555]

Imagine if Dave Ramsey saw this

[@GR-uc1gq]

GOOD LORD

[@ZRosserMcIntosh]

LMFAOOOO!!!

Dave Ramsey can kick rocks.

[@mrume1122]

HAHAA

[@StealthfighterJohnson]

"Stupid on steroids"

[@TallDrink911]

Of All the ECH videos, this one is the most invaluable. Awesome video. Simple, to the point and great explanation. Proud to see I score high in all the boxes

[@ballinrides]

I followed this guys advice and now I have a Maserati. I upgraded from a bmw. I made perfect payments on the bmw so they saw no reason not to trust me with a higher loan for an exotic car. When I pay perfect for this for almost a year I’ll be able to flip that for another exotic because they banks will see they can trust me with an exotic car. It’s a baby step process. It’s never going to be an outrageous jump like to a Bugatti. Those high priced models will take time. But what you get to enjoy on your way their will possibly make money and bring you experiences some won’t ever have.

[@burkemounts7107]

I bought my 2015 Maserati cash and I’m just a college student, I think leveraging is good but it honestly seems silly and like a lot of hassle for a depreciating asset like a car, keeping in mind that these exotics involve lots of gas and maintenance (and insurance for me lol) even if their values hold flat

[@aleks9014]

@@burkemounts7107 I think the person who is silly here is you. You bought a car in cash made by a company who’s cars depreciate the most out of any modern luxury brand. Why you would ever buying a terrible, depreciating maserati with cash is beyond me

[@burkemounts7107]

@@aleks9014 Because I bought it used and it already depreciated. Maybe you can get something cool one day @Aleksandro Gora

[@aleks9014]

@@burkemounts7107 I got a 21’ GLE 63s Coupe at 19 but nice try. Proudly financed it over 6 years by myself and already paid off 25% of it in 5 months. Worry about yourself buddy😂

[@ballinrides]

@@bigtime4701 I lost my Maserati in a crash. But I’ve also now have learned how to make money off of that fact. so I ended up still making a little bit of cash on it. You can’t hold Maseratis longer than 6 months I’ve learned if you are going to flip. It’s something you gotta get outta as soon as get into. Theirs a market though. Someone offered me 50k yesterday for the Maserati.. too bad it’s totaled now or I would’ve made a better profit.

[@rg8438]

I would avoid car loans. Buy cash. If you can't, then do a HELOC. Buy car with that, pay off the HELOC and claim the HELOC interest as a deductible on your taxes.

[@future62]

I have zero interest in buying exotic cars, but this came across my feed and I wanted to say it was really well done. Interestingly the kind of people banks want to lend to don't seem like the kind of people who take on $3K Lambo loans but it's good to know anyway

[@damiondice]

“The interest is where you loose” gem of an advice

[@mnoell35]

Your income doesn’t necessarily have to match the car costs. My Vette was 84k. I make close to 65k,living alone. Stability/strong credit helped.

[@RichardGarcia-pw4fm]

Not an exotic

[@kidwalter6819]

@@RichardGarcia-pw4fm they are considered now after 2020

[@robertromero8094]

What about a 250k lambo

[@GideonHawk-j8i]

Sounds like you need some Dave Ramsey in your life. Broke to impress people

[@mnoell35]

@@GideonHawk-j8i speak for urself bum! I don’t care what people think,but I got hella haters because my Vette! You’d be another too!

[@matthewwebb1045]

Amazing very helpful going to go finance a 600 LT tomorrow you just push I needed 😊

[@NosaBourdy]

You really are an amazing human being, saving lives while looking so business-casual 👏🏽👏🏽

[@DJSmith575]

I used to underwrite A paper mortgages. For the FICO we'd gather 3 scores, drop the lowest, skip the highest and qualify applicants using the middle score. What score are exotic car lenders looking at?

[@othatdude30]

True for mortgages but for cars they usually use 1 report bureau

[@texasowl5356]

David Smith Fico 8 auto

[@javansarmiento7151]

Been a pretty long time subscriber, you’ve gave us lots of great knowledge! Thanks you

[@ExoticCarHacks]

Thanks for the support.

[@3a.m.dreaming]

@@ExoticCarHacks your rich bro please fix your fashion style.

[@RodriguezEnterprise]

I saw your video on your NSX and then I saw this video and it gives me motivation to keep working hard to save up for one and buy it one day. Awesome videos man thank you so much!

[@mybruthaskeepa745]

Really appreciate the 4 part breakdown, PJ. Valuable content to say the least. I have my work cut out for me. Got to improve on all 4 parts!

[@ExoticCarHacks]

Anytime bro

[@texasowl5356]

Exotic Car Hacks you are so dumb

[@soniamark8503]

REalexpeditetools,com helped me out with a transfer of $20,000 .They are awesome.

[@ogles824]

I am interested in this but on another level. My dad was a car dealer in the 80’s and 90’s and he did all his business through a floor plan. That is what I’d like to do. Get a floor plan to buy and sell exotic, collector, classics etc. If I can find resources for accurate wholesale car evaluations I can do the rest because i was my dad’s buying agent and knew what to look for as far as issues could make or break a deal. I’ve also judged car shows in north Texas for a little over decade and have a good understanding of what flaws and issues to look for in classic and collector cars.

[@kendrick4l511]

My girl needed a bank statement and stub last week and I was worried about her not getting her new car 😴 but everything good now only because of deelscafe good work 👍.

[@angelmatos8219]

I just came across your site I was actually looking at a 2021 Mercedes AMG 63 S And a 2020 Acura NSX fully loaded with carbon pkg and ceramic brakes Also it’s a one of a kind because it’s an almost an exact replica of the 2017 Pikes Point winner paint job is gorgeous Please advise ,your content was execellent The Mercedes is new The NSX is not

[@positivedaily3173]

I feel so blessed coming across this page. Thank you your a blessing thank you for sharing your knowledge on getting ownership of Exotic Cars with no money down.

[@patricksean1]

Nice explanation and cadence. Great jacket and aesthetics as well!

[@danielg9797]

If you are watching this video and it has motivated you to get a car, don’t.

[@troystcyr3771]

lol what

[@123sterneld]

he gives advise that are bland and something you can learn by reading a book.... he uses alot of repetition on his lessons

[@poorman5314]

@@123sterneld What books though? Do you have any recommendations ?

[@humairimam]

Thank you. Great video and course. Please if might be able to cover how to affordably finance the non-exotics such as the Mercedes, Porsche...

[@christopherpatterson8833]

If I made 200k a year I wouldn't need a hack would i?

[@justinbrittmotorsports]

Great advise!

[@TheEagleofSteel]

I want something faster than a Lamborghini, like a 92 Honda Civic for example. You should do a video on buying one of them.

[@dinoclimaco3780]

The last time I saw a lambo on the freeway driving my 94’ Civic Hatch.. is on my rearview mirror 😎

[@macksun]

@@dinoclimaco3780 Trying to figure out if your being sarcastic or not 🤔 Honda civic faster than a Lamborghini? And which lambo?

[@Trapstar_adott]

Stfu no Honda is faster than a lambo and if it is it’s probly tuned asf and the lambo is stock 🤡

[@TheEagleofSteel]

@@Trapstar_adott You should watch fastest car on Netflix. You can build and tune a Civic to be faster than a Lamborghini for a quarter of the price.

[@koen6468]

it’s not even considered a civic if you replace 90% of the car.

[@sullivanjoe7589]

Thanks, Brother!!❤

[@positivedaily3173]

With God all things are possible. I have been learning so much seeing your videos

[@markhatefy1260]

Don't forget to get the paint sealant and warranty

[@kirknorris9873]

Imagine if there were no financing vehicles loans above 100k. I wonder how many people could actually afford one?

[@darryldyer758]

I understand the quadrant...what if you have 3 of the 4 quadrants that the bank is looking for. Does it mean that you would not get approved or you would get approved but the interest rate would be higher than someone with all 4 quadrants ?

[@Luivart]

Brother, amazing video 💯

[@wesevan159]

I saw this man one day in Florida when I stopped at Wawa and he came out of a very luxury Maserati causing so much attention from people.

[@davepaturno4290]

What if you're retired, have no dept, and have both savings and SSI? Your "income" relative to debt is very high.

[@fgstech4857]

Bo$$ tips and info! Thx Sir!!!👊🏿👊🏿👊🏿

[@DeanKhan-xc7gl]

How can you buy a Gallardo

[@zeesultan7995]

At some point can a down payment overcome 1-2 of the boxes. Say 50% down or more ? I’m running into an issue as you described, self employed, heavy on write offs until this year. Primary residence rented. Pretty much screw up every box except maybe credit. Past disclosed income around 50k , am showing 300k this year. Seeking 260 loan, can put down 50-150. Shoot I can buy it cash but would like to build the trade line for the future, any recommendations? Thank you much !

[@joshuavizzacco5691]

Prob need to keep your new income at this level for a few years.

[@uniquemr99]

Very nice info. Thanks for sharing :)

[@ExoticCarHacks]

you got it, dont forget to subscribe

[@amirrahimtula6873]

question, PG, dont you think if someone owns there house clear title, that they could just walk into there bank to get a low interest credit line to pay cash for there exotic car?

[@jerrymcshan2531]

Where is the free training, I’m new to your channel!

[@ExoticCarHacks]

www.exoticcarhacks.com/training9b2

[@davidhayes3366]

Your awesome sir. Thank you so much for your time!

[@charlieryan1736]

Thanks for making this informative and helpful video

[@mahavakyas002]

woodside credit says they do 180 months

[@nigelfrost5616]

Im so confused! Great info and videos, but how can I get into a Lambo for $800? And I have 720 credit, and make $150K a year? I do not want to put down $30K

[@monnguyen2338]

Nigel Frost he will never tell us unless we pay for course smh that sounds like a scam

[@nigelfrost5616]

Mon Nguyen yea no kidding! But funny thing is they make money posting videos 🙄

[@skillz101989]

@@monnguyen2338 Yes I agree, people don't charge people for "help", they charge people to teach thrm. Dont call it help if you ask for money in return.

[@MasterCarguy44-pk2dq]

LoL. 200k car, needs 350k/yr income, same residence 5 yrs, 730+ cred is better and own home, and at least 1 vehicle in recent past of 60% of the cost of the new one.

[@richmanni_magazine]

Amazing info, thanks for sharing 💯🏁

[@FaaizAliTV]

If anyone can answer this for me it would mean a lot: If someone lived in a residence 10+ years and pays $0 a month for it because it’s under their fathers name and their father pays for it, would banks like that? Because the house has a mortgage, it’s just that person doesn’t pay a single dime for it

[@richardbailey511]

I really enjoyed this. Thanks

[@ArmareiVofficial]

Great video 👍🏿 we’ll explained and broken down.

[@Joelegolvan]

Do you have other channels on lifestyle and entrepreneurship coaching?

[@mavr1ck_garage]

do one of these for home ownership

[@MrNomads]

Thanks for your time making the video and for sharing the info.

[@miked5426]

Any other banks to consider besides woodside? They are telling me 8.75% on 144 and my score is 778

[@thalesluz5681]

did anyone realized it took him 4 min to write after he pulled the cap ... lmao

[@kiethuu7734]

Can you tell us about Ferrari Financial policy of not reporting your loan to the credit bureaus? To the world the loan never existed?

[@milanmichalides3349]

By accident I found this Channel and must say: absolutely top! Good Job!

[@eugenephonchanh1275]

I want to know how to purchase my dream cars. $200k is the asking price and with your help can I purchase the car I want

[@ekklipse]

Thank you, valuable information... subscribed

[@dejavule]

What car is that on the main picture? Which aventador?

[@jr.rangeeel7624]

I’m pretty sure that if you make 200k a year you don’t need any hacks to buy a 200k car wtf.

[@ExoticCarHacks]

You'd be surprised.

[@stoneyislandranch9783]

The other is if they have to repo their asset, it still has value..

[@airbusthreethirty3416]

One thing I forgot to mention in my comment from 3 days ago (for whatever it’s worth) revolves around the trade-in value on the 4 square purchase worksheets that car salesmen use. Let’s say the trade in is worth $10k, but the customer still owes $17k on it, because they went for 72 month financing on it when they bought it. So that $7k that’s still owed and needs to be worked into the sales process somehow. I’ll leave it at that.

[@2Dream65]

Great Information thank you for Sharing

[@MrSretooh]

PJ, which lenders do you recommend? Are any lenders loaning 100k+ for used exotics? It appears that most used car lenders aren't offering loans greater that 100k.

[@LivinginNaplesFelipeMiranda]

Yep they never say which lenders do it

[@GideonHawk-j8i]

@@LivinginNaplesFelipeMirandaWoodside and Penfed

[@DanielIles]

Great video! I just made a video on buy a house with low money down. All of this stuff is much easier if you just know what banks want!

[@popcornl8208]

Pure gold. Great tips. ty

[@ExoticCarHacks]

You bet!

[@bilootoxaaji9829]

i have a lease of 60k car. does it matter if its not finance. can they see that i leased a 60k car? idk how to ask this question but i hope you understand

[@kingahmad07]

Where is the link?.

[@alankopitman5691]

Woodside requires 20% down. :(

[@nobody9889]

Really encouraging. Thank you.

[@beamerdreamer315]

I pay $900 a month for my 2019 BMW Z4 30i

[@MasterCarguy44-pk2dq]

Outch!!!!. Cheap car. 900/mo. Yikes. I hope you earn 6-7x that per mo.

[@ChrisCromwell]

Do they look at your current active auto loans? If you sold your car that had the largest loan prior to purchasing a super car would it hurt the Lines catagory?

[@bentziongertsberg3457]

in the residence box, what if you live with your parents, or you dont pay rent for the property even though you dont own it

[@CALHOUNREALTYDETROITONLINE]

Great tips! Thank you!

[@ghostproductions1832]

a 650 credit score isn't bad but why is it that we are forced to decline them from getting something better than what they already have even with a 100 percent payment history?

[@susygalarza122]

Very helpful

[@carlamcclendon4314]

Very informative and helpful for future planning!

[@ExoticCarHacks]

Thank you dont forget to subscribe

[@gamerx30]

My credit scores are 750+ across all 3 bureau’s.I would not buy a exotic car unless I was making 150k a year minimum.💯👊🏾

[@kokidchaz4790]

300k a year

[@resa574]

My rule of thumb is total value of cars owned is < 1/10 of NW

[@therealkakitron]

I have the 4 parts down, I've owned my home outright for over 5 years, own a business that makes great money and keeps growing, score hovering in the low 800s etc. However, the loan I want is so I can have a custom car built, specifically a 67 GT500 recreation which is over $200k. How do loans work for custom made cars? Thx

[@airbusthreethirty3416]

Initially I thought 144 mo financing was a flat out joke, but then I thought about it some more. Say you have $200k to spend on a car. You put $20k down, so you now have $180k “leftover” after the down payment. You can then invest that $180k in various ways that will generate anywhere from 5% to 12%+ in returns so that you’re receiving more interest/dividends etc on your money than the interest you’re paying on the car note. Not sure if that line of thinking is off the wall, but those are my thoughts on long-term financing. Some folks say people are living wasaaay beyond their means, but that’s just on the surface. Look deeper and see what is really going on. More interest coming in than going out. Sorry for rambling.

[@exdividend7168]

Airbus Threethirty you hit the nail in the head , that’s actually what I did with my current car ( not an exotic by the way ) i bought a used Porsche Cayman for 30k , I put 10k down payment and took out a 20k personal loan . I took those 20k and invested it in high yield monthly dividend stocks along with my investment and the 20k itself was basically paying for my monthly payment since the dividend stocks were paying me on a monthly basis. Making money work for me basically. Was about 10 years ago tho , but still it’s a great way to use the loan to pay for the car . I do a lot of dividend investing.

[@zacktownsend8726]

@@exdividend7168 I'm nervous about dividend stocks. Mind adding me on some social media so we could discuss further?

[@exdividend7168]

Zachary Townsend you just have to pick the right stocks , and look at the chart history on how they been growing or staying the about the same price. As long as you are getting dividends even if the price of the stock stays about the same , you are still getting dividends on it. There is also growth stocks like Microsoft , Coca Cola , McDonalds , and Visa just to name a few . They pay dividends plus their track record looking at their history has been only trending up. I have some videos on my channel if you care to look. Haven’t uploaded much lately as I been busy with other projects. It’s my main social media I guess lol , I have Facebook but don’t use it at all.

[@zacktownsend8726]

@@exdividend7168 Thanks man! I subscribed and i'll check them out!

[@zacktownsend8726]

@@exdividend7168 You should make more videos though!

[@eugenebrown1810]

How about truck driver 90,000 pre year?

[@MasterCarguy44-pk2dq]

Not a stable future.

[@jurgeenhandazola3006]

​@MasterCarguy44-pk2dq Sure... because goods will be delivered in bicycle in the future.

[@13salinaspride]

Idk I just put 35k down on my new vette. Payments are low monthly, car is worth way more then I owe, so me personally I sleep better at night knowing that 🤗

[@williamfisher8780]

First of all, I have to say how much I love your videos. However, I don't think I could qualify for the financing for an exotic car. One of my favorite cars is of course, the Porsche Twin Turbo. My profession is stable. I am a private duty nurse. Our home was recently refinanced, but we have lived there for 20+ years. My credit scores are all in the mid 700's. Unfortunately, my annual income is a shade less then $40K. What could I afford? Would the Porsche be out? thank you for your time and keep up the awesome work! William.

[@NunYaBiz1313]

You're a Private Duty Nurse? I'm assuming you're a CNA cause last time I checked RNs and Even LVNs make six fig income

[@GideonHawk-j8i]

If you’re a nurse making $40k then you’re an idiot

[@cuddy001]

what if you paid cash for a car

[@richardsonfreight4756]

Good video. Thank you for all the details. I don't understand all the hate in comments?

[@sleepersown]

People that don't know what they're talking about speak the loudest and most often.

[@anthonylimitless5178]

Woodside Credit, 180 Month Financing

[@MekailFrisch]

What if you are self-employed

[@Yo-qt2nu]

Awesome content thanks for sharing it.

[@BeyondTheClippers]

Great video!

[@angelmatos8219]

Is there any possibility that you can steer me in the right direction. I probably can acquire a different vehicle with your help

[@laurenschultz9781]

Great 👍 tips thank you!

[@jamieescobar7377]

Good Stuff!

[@ivanrivera9791]

I guess i am out even do i got 780 credit cause my most expensive is 30 grand

[@dolphin19721000]

You had me at 200k salary lol

[@kevinjames991turbo]

😂🤣

[@danielrosua545]

Great info

[@deadcell1]

In other words, if financing an exotic is your only means to obtaining one then you can't afford it.

[@SpokenWord4]

PJ I have not seen a single person that look like me in any of your videos as many people that are athlete buy these cars... Show me how and lets make a legit video?

[@isaacnewton3498]

Yo dude there's a problem with your equation. 62 years old and have been retired for 20 years I have a lot of cash I've never even taken a loan out I'm going to ask about the GT3 I can get one I have to pay 100,000 over sticker I want the car now because if I wait two more years my faculties are going down will not be able to drive it well actually I'm partially paralyzed in my right hand it's a weird situation is not bad I've got the money I'll do what I always do and just buy for cash even though I don't think that's the smartest thing. By the way I'm a banker I trade US Government treasury syndet for the Federal Reserve

[@jjborreca]

I'm listening to your tutorial on car hacks making money on high-end used vehicles. I have a 2020 Maserati SQ4 leased @ $1,089/mo, 36/mo term. What could I do, if anything, to follow your program and eliminate this car? John~ (PS: Your website comes up legitimate! No scam!)

[@JerseyDevil187]

Most people don’t have good credit like that

[@bigmanmegee]

I saw you on fastest car, a netflix show....didint know id need you lmfao

[@LACTS-be7pr]

Iam here to learn how to buy my first non exotic car...

[@OMPrograms]

Yes! This is what I love to learn!