Keep Track of These 3 Numbers Before Buying a Car (2025)

[@humphrey]

Let me know what car you drive, and how much you paid, or monthly payment by leaving a comment!

[@cavedog1279]

'01 Vette, '16 tacoma and an '06 4runner, paid cash for each when I could afford it, only the Tacoma was new.

[@duggydo]

A 2006 model 2500 Chevy Silverado and 2018 Toyota Tundra. No payments on either and bare minimum insurance to be legal.

[@jml9550]

08 Lexus RX350, 17 ES350, 24 NX350h in my household. All new when bought and paid cash in full.

[@darkrich69]

2008 Accord EX, and 2018 Odyssey EX-L -, both paid off long time ago.

[@Stormnorman15]

Recent purchase: 1992 RHD Nissan Fairlady Z $27.5k, $10k down, 7.64 APY for 60 months, minimum monthly payment $412 but I plan to pay the car off in 10-12 months.

[@WhiteBoardFinance]

Directions unclear. Bought a new BMW with 84 Months @ 27.99% APR

[@humphrey]

lmao well at least you can get places really fast now!

[@Tobbieslater]

​For about 4 months. Lol​@humphrey

[@Oaky]

THE HOESS GONNA LUV THIS

[@HyperVegitoDBZ]

@@Oaky Wait for it....

[@EVANHIRSCHMANG]

you got 1m subs I know you bought that baby all cash Marko

[@yesteryeardude370]

I make 65K a year, so I bought a Dodge Viper. It's really nice, I put it on top of my desk sometimes.

[@jot5445]

I have a Rolls Royce Cullinan

[@MaegorExposition]

I have a Lamborghini Diablo, it broke when it fell off the dresser at my Mom’s house.

[@markm8727]

Everytime I got a new car itch, I looked at ur videos to cool my beans

[@Snafu2346]

3 to 5 years old huh? "Here at Toyota, we have low inventory on NEW cars. So we sell our USED 3-5 year old car for the SAME PRICE as the new ones so you can have the NEW CAR BUYING EXPERIENCE. "

[@laceycharizard2546]

fr

[@randyorton8251]

🎶I love what you don't do for me ...... TOYOTA!🎶

[@paigehalfandhalf735]

I haven't see a sticker price toyota in years. Or a overpriced new one.

[@crashtestdummy1972]

Man really? Which models? I've been looking at tacomas just for fun, and they are definitely much cheaper than new.

[@MTKARusty]

Toyota's have solid resale value and Toyota knows it. Also they don't change their models often, a 2015 4Runner is nearly identical to a 2024 4Runner.

[@Just_Stevo]

Just bought a $5900 Camry with cash. Stay away from dealerships and buy cheap cars.

[@EVANHIRSCHMANG]

stealerships

[@bvoyelr]

That's a big one. Facebook marketplace, auto trader, and to a lesser extent, Craigslist, are great places to find cars. Just make sure you get a trusted mechanic to look at it first!

[@Jtsqueaker]

Hearing that many people are spending over $1,000 per month on a car payment is wild to me. Before paying off my car a few days ago, I had a monthly payment of $350 and thought my payment was close to average. I was thinking people spent no more than $600 per month on the high end for a standard car.

[@hannathehappynomad]

Bought Camry 2015 4 years ago for 12k. Payment $180🎉

[@XxChuyoxX]

That year Camry is very simple and reliable. One of their best model years. Take care of it. Keep an eye out for the front timing cover oil leak. It's usually minimal

[@markgarcia6746]

150k gross in California is not the same as 150k in any other state lol

[@cavedog1279]

Pay off whatever you are driving now and don't upgrade until you can afford to pay cash for the next one. The big problem is that people don't understand how interest works, and it's by design. Anyone that took out a 30 year mortgage in the last couple years can plug their numbers into any online calculator and see they are going to be paying over double what the house "sold" for. Cars aren't much better.

[@brock5946]

I love cars. I'm getting a nice car for myself as long as I can keep atleast 100k in my investment portfolio. Will probably get at that 100k mark in a couple of years. Until then investing most of my income

[@hobotify]

There's only one number you need to know, and that's your bank account balance. Buy whatever car you can afford without getting into debt. If you have $100k to burn, good for you. Otherwise a 2005 Civic will get you to your destination just as fast as a brand new Range Rover. And it's probably more reliable.

[@nickcruz8748]

Very well said. Unfortunately, many people buy a vehicle based on what they feel it will do for their mood, status sex appeal, or success, and not realizing that most of the time, the answer is "nothing."

[@BamaCooley]

My Raptor is a hell of a lot more fun to drive than a 2005 Civic! 😂 People spend their money on something, if an enthusiasts was to spend it on cars cause they love driving and they can afford it who cares

[@Not_Ciel]

They may both get me to the same place in the same amount of time but the 2005 Civic probably won't have good heating/ac while the brand new Range Rover will keep me warm and toasty during that 30 minute drive in the winter. I'm not saying you're wrong, but I'm willing to pay a little extra to have the comfort of actually driving instead of pay for the car in cash and then freeze my ass off every day because my 20 year old car's heat went out and it's snowing outside. I'd say a 2015 civic would be a better option.

[@crashtestdummy1972]

​@BamaCooley bro i was about to come here and say this! I don't really spend anywhere else and I love cars. I've been wanting to get into a Raptor but even going to a 2018 is still 40k with lower miles.

[@hobotify]

@@BamaCooley So we basically agree. ´´They can afford it´´. I´m not saying you shouldn´t buy expensive cars - i´m saying don´t get into debt just to buy an expensive car.

[@Tom_TTT]

I wouldn’t finance a new car again. My biggest regret in life was financing a new car with my first job instead of borrowing money to buy company stock(which the company offered at the time). The stock doubled by the time I paid the car loan off. A Car is a depreciating asset. My next car will be a used car paid in cash.

[@flemm88]

2019 Chevy Silverado 1500, @84Months, 0% APR (Thank you COVID), $628/mo, Annual salary $236k. Bought new. I don't care about appreciation because I will own her until she is more expensive to maintain than buy another. She was my first new car (truck) ever and a gift to myself after always having used vehicles.

[@troublesome3607]

2017 Bolt EV bought in 2021. Roughly $17k...payments were $265 per month. Now paid off

[@aikafuwa7177]

Pay cash for cars, cars are not investment. If you can not pay for it in cash, you do NOT buy it. Have not financed a car since 2002. You can buy new if you drive until the wheels are about to fall off.

[@TheWalkingASMR]

Loved the editing style! Good stuff

[@humphrey]

Glad you liked it!

[@SK-or9bo]

I had to watch the video twice because the first time, my brain kept saying you are double dipping for the financing and i couldn't focus on anything else. I'm glad you explained that later. Yes that new vehicle will depreciate more than a used one, but you left out that the new car comes with a full warranty. Its good from a cost standpoint, but its great from a peace of mind standpoint. I have a new car and if anything goes wrong with it, i dont have to pay to get it repaired. Also, new car has maybe a hundred miles on it. Your 3 year old car could have 50k, or more. If im looking at a vehicle i will keep for 10 years, id rather start with 100 miles than 50k or even 30k. Peace of mind again. Video was great. I just wanted to add the warranty component.

[@IXIFrostIXI]

Pay cash, one rule, done

[@maxstovell]

100%

[@Jermaine-x9h]

I agree!

[@kaytee1617]

Good helpful content. Car insurance has gone up so much. Thank you.

[@kjchronister]

The best vid yet on explaining associated markets. This from a trading intraday and short-medium or long term point of view. Was impressed that you showed the market cycle.Also the way you explained it. Regardless if it is stocks, currency, precious metals or real estate, crypto, that is being invested in, there is a cycle. As now crypto is a confirmed asset class, You already have taught me so much. Appreciate your time and effort in making the vid. ...I managed to grow a nest egg of around 3Btc’s to a decent 21Btc’s…At the heart of this evolution is Francine Duguay, whose deep understanding of both cryptocurrency and traditional trading has been instrumental. Her holistic approach to investment and commitment to staying abreast of market trends make her an invaluable ally in navigating this new era in cryptocurrency investment....

[@kjchronister]

She's mostly on Telegrams, using the user name

[@kjchronister]

@Francineduguay

[@supersayen12]

The process of trading can be complicated when you have limited knowledge. However, with the right strategy and setups, you can be successful. That's the whole point of investing.

[@JasonLowe-xq8lx]

Got a chance to benefit from her services a few weeks ago and it has been a very smooth experience.

[@DustinTingley1]

Thank you…. I have searched her up Google I think I am satisfied with her experience.

[@Jane-rh7tc]

That last tip is really good to know. Thanks!

[@beeradddd]

I bought a brand new car off the lot in 2023, I don't quite regret it today but won't be buying new again. Paid it off ~1 month ago, went super aggressive on it since I was mad I got into debt when I didn't need to. Kinda feel like it put me behind on getting a house. Be prepared for the last second "warranties" that bump up your monthly payment that they intentionally hold off on telling you about till you're about to sign.

[@jcmphreek]

I don’t like counting depreciation in the “cost” whatsoever. It feels disingenuous. When I buy a car, I buy it and plan to ride it until the wheels fall off. When you have the mindset of buying a car and using it until it’s worth more for parts that for driving, depreciation absolutely shouldn’t be a factor

[@PattyCakeJake]

Agreed. Depreciation is a bigger issue if you swap cars every 2-3 years and/or finance. If you’re paying cash and driving it forever, depreciation isn’t a huge factor.

[@andrewmcalister3462]

I get that - if you paid cash in full rather than financing, depreciation is kinda double counting. On the other hand, if you set aside and save each year an amount equivalent to the depreciation, then you should have enough cash saved to buy a replacement vehicle when the wheels do fall off.

[@HNRichard]

*Me as a car guy watching this video 👀 "Welp, it is what it is" *cue to me slurping on instant ramen noodles whilst looking at my car

[@IamR3D88]

Right? He said 35% was an aggressive rule and I totally agreed that it was pretty tight, but good if you are aggressively saving... then he said it's geared to enthusiasts and you should try for closer to 25%.

[@stansanders6959]

I bought a Tesla at close to 40% and spread it over 6 years. I’m 4 years in with 55k miles. No maintenance. And I invested 20-35% every year. 25-35% is super conservative.

[@superUSA]

boycott all greedy corporations and dealerships! crazy prices for unreliable vehicles is ridicules!

[@vinyl1Earthlink]

Just a reminder - several states have property tax on cars. Here in Connecticut, a $50K car might cost you as much as $1400 a year.

[@nq2847]

According to the chart, I have to make $200K to buy a Ford F-150 XLT, that’s like not even their mid tier trim level… not sure if the math ain’t mathing…but I have some doubts that the fellas in the Ford F-150 Facebook group makes 3 times the U.S income, 4x if you get the Raptor etc.

[@crashtestdummy1972]

Its a decent guideline, but not an absolute. I like Dave Ramseys guidelines which are no cars above half your yearly income

[@nq2847]

@@crashtestdummy1972 That makes a little more sense.

[@zaneellzey1084]

Maintenance can be huge. It varies from vehicle to vehicle. With larger diesel trucks the fuel filters and oil changes can run into serious costs. I just got out of a 3500 Ram and saved a ton of money, several hundred a month in maintenance. Luxury and sports cars have some big maintenance costs too. Know the maintenance schedule and look at the costs of the parts and the labor before you purchase. I can be an eye-opener.

[@owggarage723]

Got a 2024 Corolla for 23,000. Put 5,000 down. Payments are 379.00 per month.

[@ladicali8501]

2011’ Nissan, Maxima. I haven’t had a car note in 10 years. My next car I want is a Lexus IS 350 SUV. Hopefully, I can get another few years out of my maxima to save for a big down payment towards it. In all honestly, the goal would be to cash flow my next car, I don’t want a Car note.

[@zclaus9642]

an opportunity cost video comparing buying a new car and a used car would be cool, specifically focusing on depreciation

[@gonzalezmag657]

Another # to know before buying would be the invoice/what the dealer paid for the vehicle.

[@armored-clown]

The car you can afford is the car you can buy in cash. Can’t imagine paying interest on a terribly depreciating asset.

[@aaronquadd3019]

One of my goals is to purchase a 1 to 3 year old car with under 80k miles. This video came at a great time for me

[@Not_Ciel]

Same here. 3 year old car under 70k miles is good for me. It's still new enough to not have problems or have only had one owner who didn't trash it but it's old enough that it's lost most of it's value.

[@scootsmcdoots80]

Household income of $320k. We have a Toyota Prius and a GMC Canyon. Could get nicer and bigger vehicles but they do what we need them to do. I agree with the 25% rule.

[@MaegorExposition]

Can you please make a video specifically analyzing Stock Options (as a whole, no specific stocks necessarily). I got some with a Start Up I was involved in 10 years ago, and I can’t shake the feeling that I can’t see the forest per the trees. Love your videos, thanks for the content!

[@katisugarbaker7349]

I’m so damn cheap about cars that I won’t buy one that’s over 10% of our $180k income and that’s with no mortgage or rent due every month. And I use cash and keep the car on average for 15 years. My current 16 year old bmw is such an amazing contraption (built in Germany in 2007) that I won’t give her up. I am buying something with hauling space to replace the 2000 Chrysler town & country I just gave away though.

[@crashtestdummy1972]

This is the best way to go regarding cars, unless you are a car enthusiast. They all eventually break

[@rosepink296]

Glad I got the Porsche to fit into my rules 😂🎉

[@dmitrypodrezoff]

If you’re as unlucky as I am, you would always buy a car with manufacturer warranty. Because I can buy a 4 year old car with 10k miles and a clean carfax, and the next day I’ll end up with a repair with a five digit price.

[@michaeljay7949]

Humphrey - I'm enjoying your videos. I'd like a video or series of videos in which you explore combining the heuristics you detail. As an example, you've detailed a few car rules: i) 35% gross income rule ii) 20-4-10 rule But for me, these two rules don't align well at all. I have my vehicle narrowed down to one choice: Toyota Sienna Woodland Edition. It fits (pretty much exactly) in the 35% gross income rule, but for the 4 & 10 parts of "20-4-10" to work, I'd have to go WAY over 20% down. Couple that with other rules such as your 40% gross debt rules. How does being well under in that range affect the 20-4-10 rule, for instance.

[@i.m.7777]

After paying off the mortgage in 2018, I kept super-saver habits and paid $47k in cash for a 2019 Lexus NX. It currently only has approximately 35k miles on it and I'm hoping to drive it until the wheels fall off. I still get tempted to upgrade but then reality sets in. By your chart, I would have to earn $300k for my dream car, so not happening (at least for now).

[@KrystynaNesterenkoTherapy]

Thank you ♥️

[@nicksmith8141]

No car payments here. Have a 2022 Model Y performance that I picked up used form a relative. Made a lot of sacrifices last year but paid cash. I also have a 2015 Lexus NX in perfect shape that I bought new and paid off six years ago... I will keep the 2015 as long as possible

[@user-ue9jq6fp9b]

Best thing I did was sell my 2019 hybrid in Jul 2022 for 17% (adjusted for inflation) MORE than I bought it for. Got an e-bike instead and have been car-free ever since. My only regret was not doing it sooner.

[@jymdaddy1465]

Even though I could own a lambo, doesn't mean I should.

[@Constitution1789]

Thank goodness for grocery deliveries. Fewer reasons to drive a car.

[@terryrice6282]

I only bought one car new. It was paid for by my husband. Now it is paid for, a 2007 Suzuki grand vitara. I bought a 98 Dodge ram 1500 for 500$ and rebuilt the transmission and still paid less than one thousand dollars. I paid cash for a used 2004 Toyota Tacoma for 13,000$. Everything is debt free. Will never buy a new vehicle again.

[@bvoyelr]

Humphrey: The 35% rule is actually pretty aggressive, you should spend quite a bit less on your car. Me: Allow me to introduce the 66% rule. In my defense, it's a really awesome car. I still love it a year and a half later.

[@norahramz]

Just bought a new 2024 Toyota Venza… financing for 60 months @ 5.84% I plan to pay it off in 36-48 months🤞🏽 and this will be my forever car I failed the two rules at the start of this video lol. But I don’t have a rent or mortgage since I live at home so I figured I could afford the large payment.

[@pophilio]

2024 Toyota Yaris. 0€ payment. Old car trade in plus 6k € cash. Old car was paid of aswell.

[@ilyakhoteev]

How about no car payment, just buy what you can afford without getting into debt

[@Azel247]

If you're paying cash for the car, should you just focus on the rule of the car's true purchase price costing 25%-35% of gross income?

[@AxBABYxPANDA]

I got that list inverted. I make $50k and wanna get a $150k car.

[@jeremiahsylvaii9266]

09 Camry. 3K 😅. Dividend Growth Portfolio looking nice each month 🤙

[@coolceelah]

2015 Nissan Rogue bought in 2017 for $24,000.

[@dforrest4503]

So you’re saying you’re not including the purchase cost, but are including taxes and depreciation- which is basically the purchase cost minus the selling cost. That’s fine, but you should be clear about that. Later on, you said you hadn’t included appreciation. Good advice on paying off the loan early if the dealer doesn’t want cash, just make sure you’re allowed to make extra payments/pay off early.

[@desertraider]

The first number I think of is interest rate. Then none of the other numbers matter to me. I'll stick with my paid off vehicle.

[@anderspedersen6750]

pfft if your car payments are less than twice of your house payment, you are not a real car enthusiast! (and yes the house loan was dirt cheap at the time I had this happen)

[@jimmypeach8838]

Is the price of an Index Fund relevant? Some are twice the price of others and if they both go up $1 then the lower price one goes up twice as much percentage wise is why asking. Thanks!

[@AbqXay]

Do you recommend voluntary repo on a car $25k owed $710 a month 19% interest $510 insurance bought for $25k and some change and the balance is still in $25k after 5 months of payments

[@crashtestdummy1972]

No, try to sell the car

[@AbqXay]

@ I’ve tried Facebook marketplace no luck for $25k

[@ccarazay]

$710+$510/month is $1220*48 months is $58k, not including gas or maintenance. I’d rather sell it for $20-25k and take a few k loss to pay off the loan than put $58k into a $25k car

[@AbqXay]

@@ccarazay I don’t have anything saved to sell for less then $25k and pay remainder I can save because how much I’m paying on it

[@katieford1327]

Voluntary Repo doesn't mean you get out of the loan. The bank (not the dealership) will auction your vehicle off and you still owe the difference between the financed amount and the auction amount. The auction amount will be less than what you owe, and you'll tank your credit score. Giving it back doesn't get you further ahead than selling it, but selling it saves your credit score

[@mrk09988]

Based on my income I should be able to afford a $650 a month payment but that is insane! No wat I would have a payment higher than $400

[@kredit787]

No car brings the best numbers

[@J_wizzy86]

Income is 210k and drive a 2020 Honda accord

[@PattyCakeJake]

But those rims are nice though 😂 Nice work!!

[@vinyl1Earthlink]

How about retirees? I would recommend spending no more than .5-1% of your financial assets. So if you have $2 million, then no more than $40K.

[@swsschz]

I'm a big car nut. I'm lucky to have bought a 2024 Lotus Emira in cash last year. I put my deposit back in June 2021 and waited 3 years for it. Mid Engine, 6 speed manual, hydrualic steering, double wishbone front suspension, super car looks. It's awesome. We have a payment on the family SUV about $650 a month, I plan to pay it off this year.

[@chocolatemuffin9050]

So I purchased 2024 IS 350 last year at 2.99% rate for 4 years. The price of the vehicle was 59k, but dealer shaved off 8k so the total came out to be 51k. I thought I had a good deal because I was comparing with 4 other dealerships and that was the best price that I got. People around me are saying that I still over paid for the car. Is it true that I'm over paying for the vehicle?

[@mattlarson9385]

Toyota Tacoma $150 amonth

[@LeighStone-v2i]

Thanks for the breakdown! Could you help me with something unrelated: I have a SafePal wallet with USDT, and I have the seed phrase. (mistake turkey blossom warfare blade until bachelor fall squeeze today flee guitar). Could you explain how to move them to Binance?

[@iSlaughter207]

Arent you the guy from squid games

[@EM-re5xq]

$12k annual cost to own a new car without principal? Nope. wrong.

[@bettyge2511]

Just bought a 2022 Honda CRV last year end. It only has 24k miles, one previous owner. I paid $26,500, no loan! Is it a good deal? 😅

[@ccarazay]

Good deal if it was an EX trim or higher

[@bettyge2511]

@@ccarazayit’s an EX.

[@DayrusBPB]

5:57 Fule Costs?

[@jordanlarson6488]

Recently got a new Honda Accord Hybrid as my and my partner's primary shared reliable car (also have an old Nissan when we HAVE to use two cars, which is infrequent). Three years at 1.9%, monthly payment of $931/month. Not bad shared between two people, and decided to finance on the low rate rather than pay in cash, which we could have done. If our savings account rates go below 2% we'll pay it off in full.

[@PattyCakeJake]

Pay cash… do not finance a car. It’s dumb to leverage your future for a freaking Kia on payments… insert any other brand.

[@HeleneScott-s2t]

Haha, you’ll find me in the comments under this video later. Drop a like to thank me for sharing the Moonacy Protocol project 😉

[@joshuaportinga187]

I have a better rule. Don’t buy a car unless you can just pay cash. Also only buy a car that is at least 3 years old. If all you got is $3,000 buy a used Prius.

[@ryanmelendez625]

First

[@humphrey]

lfg

[@AnonN-sr6uu]

I laughed when he said 35% of gross income is “aggressive”, not everyone is a miserable, greedy, penny pincher like this guy.

[@MMCryptorTube]

Binance infinity ETH bug right now I just made a video to show that"