MONTHLY PAYMENT ON A BRAND NEW FERRARI…

Let’s discuss the monthly payment on my brand new 2024 Ferrari F8 Spider. How much it costs and how much I pay per month and my plan for paying it off. Ferrari financing and smart ways to make money and invest money.

[@WillMotivation]

Part 2 to this video - How much I lost buying the Ferrari... kzbin.info/www/bejne/fGOUfYtpjLiMqJI

[@themadman844]

Why the camera woman breathing so hard. I could barely hear will 🤣 🤣

[@MrJoel125]

Lol hear her to

[@BubbaBigelow-ki5po]

Lol

[@namename1]

Dark vader cousin

[@ggray1213]

Wills car literally made him sick!! Lol!

[@1kennylo]

That’s a woman 6:47

[@WillMotivation]

Please do me a BIG FAVOR and hit the like button on the video. I’d really appreciate it! 👍🏽

[@teamextras4life270]

💪🏽WILL😎MOTIVATION💯

[@hondatuner83]

Liked and subscribed bro!

[@pbono6758]

Camera man heavy breathing is messing up the video. Just a heads up.

[@miamiflow5701]

I always do

[@alimuzhussain8394]

Where did you steal the Ferrari from? 😉

[@erockvaughn2190]

Love the car. I have owned many Ferraris throughout the years. But now I live in Manhattan and have no cars. My life has never been better. I am in my 50's now so have long since grown out of the super car urges of youth. But I love watching young guys come up and living their dreams. Keep up the amazing work Will.

[@robertmorgan2219]

So, what fulfills you now?

[@erockvaughn2190]

@@robertmorgan2219 Well I still have my obsessions. I mainly now just date beautiful girls and travel the world lightly. I found the more I owned. The more I was owned by those possessions. A large collection of cars, houses, land and employees. I just sold off everything and now love so care free I wish I would have done that sooner.

[@robertmorgan2219]

@@erockvaughn2190 mentor me!! I believe in sharing a percentage equity in the enterprise!

[@erockvaughn2190]

@@robertmorgan2219 Not sure how to mentor. Other than to say. Build a body of work if you are young. This has been the key to my success. No matter how crappy the project I did my best on it and built up a massive body of work. Along with that came money that I have handled and invested wisely. It took me decades to get here. I grew up poor with nothing. Now a top 1 percenter+. I wish I could help more.

[@kraftbloop3664]

@@erockvaughn2190 Great response! I too am living that 'care free' life. However, at a young age 25 (Im old af lol), I have this urge to purchase a supercar.. specfically a gt3 rs :D. My current networth is 1.2 mil but I'm hesistant in purchasing a depreciating asset

[@jeffheinzel1977]

My motivation is not to buy a sports car with a monthly payments.

[@isaacwilmescreative5588]

I have never seen you before but I love how realistic and down to earth you seem. Thanks for the video!

[@WillMotivation]

THanks

[@justanother9184]

when you can afford 5k a month but.... you cant afford a separate wind resistant mic.

[@PristineMindset]

Was it wind or the camera person? Priority is the car not the mic lol.

[@MrGip90]

Bro, that's the camera guy... Definitely out of shape.

[@PristineMindset]

@🇭🇹 Gip Funny you said that at the end he said it was a camera lady and she was cold 🥶

[@kmcc2355]

When you have a 600k rental car in front of a 300k house

[@PristineMindset]

@KMC C I guess you don't fact check before you add a comment.

[@eLouminati]

Camera person heard that 5k monthly payment and instantly needs an asthma inhaler!

[@PaulSMilligan]

Great info, Will! I paid cash for my last rental property and I use the cashflow to pay my AMG GTS loan. Instead of all my cash being in a depreciating car, it's in an appreciating house, and I still get the car! Real estate is a powerful thing.

[@WillMotivation]

Exactly my friend 👌🏾

[@bb-iq6qw]

Soooo you bought a house to buy a car? That’s like a girl turning tricks for drugs. You should invest in college level math course. 🤦🏼‍♀️🤦🏼‍♀️🤦🏼‍♀️ When the tenants can’t pay, you lose the house and the car. Mercedes/Pimp adores you!😜

[@2024hekyeah]

​@@bb-iq6qwthe house is paid off genius lol worst case scenario no occupancy he can cash out and relocate somewhere else where there's demand for rental. The man is ahead of you son! He owns the house, not the bank's house!

[@bb-iq6qw]

@@2024hekyeah Wow,all that to buy/rent a car he can’t afford. The house is NOT paid for. Better to stay in your place and get a Toyota.🤦🏼‍♀️

[@timothywest3575]

@@WillMotivation that's why so many NBA players are broke. They don't have money smarts

[@melzariodesign]

im 7 years in now on your channel bro and it just keeps getting better and better. take care man and be blessed always. showing love from detroit!

[@Incognito-vc9wj]

I could never put that much money into a car even if I was a billionaire. But I’m glad people buy them so I can see them at the car shows.

[@KrustyKlown]

Actually, older exotic cars, appreciate a lot.. they are great investments. For example a Ferrari 360 coudl be bought under $60K several years ago, and now sell for North of $80k.

[@denversd9919]

When you are a real billionaire you’ll definitely think differently, you’ll enjoy all the luxuries before you go 6 feet under empty handed

[@toomanymodz]

I don't think I could stomach a 5k payment. I paid cash for my Ferrari 458 and that made the ownership experience extra nice. At least you can sell your other ride and pay it off if you want. Sweet ride with an awesome color combo. I hope you enjoy it and stay safe.

[@Zee06]

Paid cash for my (used) Porsche Cayenne. It's nice having a car payment, and it's more of a joy to drive without worrying about a payment.

[@moneyleverage8179]

I undstand where you're coming from, but it's no way I'd pay cash for that lvl of car when I'm getting 50%+ per year on my money.

[@528Circle]

Unfortunately it’s not my stomach that is stopping me 😂. That’s a beautiful machine for sure.

[@TAYINA2SS]

As a fellow software engineer, what you’re doing is incredibly motivating! I appreciate the content!

[@bb-iq6qw]

Sure, leasing cars you can’t afford to get KZbin views and then sell it in a few months in Ohio is why most people become software engineers, right? 😂😂😂How are you motivated by fake videos?🤦🏼‍♀️ He literally set up a fake company to lease/rent cars. Notice the “other” Ferrari was missing….🤦🏼‍♀️I’m waiting for a girl to call herself Sally Satisfaction to show women how she gets boyfriends.😜

[@PAIDFOR50]

Going into about 400k on a vehicle is motivating? Wow! America is in serious trouble!

[@bb-iq6qw]

@@PAIDFOR50 Nah, just the fantasy world of KZbin. Motivation would be if this guy could get out of Ohio.😂

[@PAIDFOR50]

@@bb-iq6qw LoL, Ohio Sucks!

[@PAIDFOR50]

You seem as smart as he is. Just let time tell. Watch what happens with the economy in the next 6 to 12 months. Take a screen shot of this message so you remember. Then look up the value of that car in 1 year. This is not the time to flip cars or houses unless you are very wealthy and just bored.

[@stonecoldsigma]

When Darth Vader is the cameraman! Lol. Its all love bro. Such a beautiful car!!!

[@bkscott2010ss]

I was a little worried myself......hope he is ok...

[@politerudeboi6898]

holy crap!! this made me feel better about my purchase!! im paying 511 on my 2023 tacoma and i can do so much things with it and not worry about lil potholes, can go off road, carry loads of rock/lumber/tools, go camping, hunting, move furniture/appliances, and more! thanks for putting in some perspective i was worried im paying too much and now i know i made a good decision.

[@AJ-bi6ns]

Respect for giving out the info upfront. Beautiful car enjoy it in good health!

[@tecate9408]

That's one impressive car! Your story is impressive and inspiring. You came up with a plan and working it, good on you man. If it makes you feel good go for it!! I get excited when my 62 Volkswagen starts up.

[@mikelewis2456]

Congratulations again Will. That’s cool your transparent about payments on that pretty Ferrari.👍I’m contemplating about buying MC20 🤔I really like what Maserati did regarding MC20.

[@TheOriginalArchie]

Really nice spec. I hope you keep it as is. I added an SF90 in January and I originally wanted to wide body it, but man, stock is really where it's at. I haven't even tinted it.

[@DB-qm4jx]

No tint… eeeee

[@_WILDBILL_]

Just an FYI.. you said you wouldn't be paying that much interest because you would only be paying on the car for 3 months. Except pretty much all of that $13.2k will have been interest, as that's how finance loans are structured. Early on, most of the payments are interest, and later on most of your payments go towards the principal.

[@DanielBeard-bt7mn]

I paid all cash for my 2022 Subaru Crosstrek Limited. Runs great. No $5000 monthly payment for me 🙂

[@ironjohn5914]

Outback for me.....

[@rodgerjohnson3375]

When I bought my Ferrari 10 years ago the dealer tried to get me to finance it and when that was dismissed a lease program was suggested. I couldn't imagine buying a car like this and financing the purchase.

[@dznutz8967]

You can't afford a car like this if you have to finance it. You are correct sir.

[@bblass82]

This seems silly. If paying with your money makes you happy or proud to be able to do that then you should. Or if your money is earning less than what they are charging to use their money. If your money is working harder for you than they are charging to use theirs, then financing makes sense. If you get 10% and they charge 5% you're still coming out 5% ahead. If you get 20% and they get 10% you're 10 ahead. If you don't care either way than do what makes you happy.

[@rodgerjohnson3375]

@@bblass82 You are not taking into account the depreciation, insurance, and maintenance costs.

[@WillMotivation]

You have to pay that either way

[@chevy4x466]

I never dreamed anyone would ever finance a car like this. Seems like a Ferrari owner should have about ten million in cash. I could not enjoy a car if I was making a payment. I appreciate the gentleman’s honesty. To each their own. God bless.

[@Twyscape]

I would be so worried about people scratching the paintwork out of jealousy. Here in Minnesota you just can’t have anything nice without idiots ruining it. Lucky for me I always have the option to go back to the UK where people appreciate cars like that. What a beautiful work of art that prancing horse is. Congrats.

[@bb-iq6qw]

He’s in Cleveland. That car new, cost more than his house. It’s only a lease . His insurance payment is more than his house payment! He will return that car in a few months. 🤦🏼‍♀️🤦🏼‍♀️🤦🏼‍♀️

[@bigal2417]

im from the UK i thought it was the other way around.

[@bb-iq6qw]

@@bigal2417 What do you mean? It’s like buying an Aston Martin when you pay rent in the West End. 🤦🏼‍♀️🤷🏿‍♂️

[@bigal2417]

@bb-iq6qw I mean I thought in the UK you would get jealousy and people would scratch your car. In the USA I thought they never had the jealousy there. Think about what I write before you reply 🍺

[@bb-iq6qw]

@@bigal2417 Poverty is the same all over the world.

[@whatta7793]

Black and Red, such a beautiful combo. Grats on the new whip Will.

[@arabiantxn]

Assalamu Alaikum, Brother I been watching your videos from the time you had the Huracan 570 and It's always good to see you get a New whip, Congregations brother

[@fredericksharon7494]

Good for you, smart man... enjoy life and don't forget to be Kind

[@WillMotivation]

I love this comment. Thank you. I appreciate that. Best advice I’ve heard all day.

[@fredericksharon7494]

@@WillMotivation Kindness heals the Heart

[@brownbriansjeep9020]

​@@WillMotivation which is more fun to drive the Hellcat in the garage or the new Ferrari

[@tannerpaisley-ve6dq]

@@WillMotivation My boi how can the car cost more than the crib? Awkward flex

[@mygodisawesome6121]

Even if I am in a position to buy car like this, I refuse 😂😂

[@jamesvelvet3612]

I bought a multi in Connecticut (three units) that cash flows enough to carry the debt and leave me enough for a 911 Turbo payment (purchase, not lease). Yes, I put a ton of $$ on the building but that $$ came from a RE investment that I sold via a 1031 Exchange (tax deferred capital gains and depreciation recapture). The idea here is hold off on the toys for a bit while you put your hard earned $$ to work for a couple of years. The rewards can be pretty sweet and it really isn't all that hard (!). Honestly, it can be boringly easy. No joke.

[@remorselessx1923]

Help me get rich

[@alirezanabavian771]

Ok James you're genuine but he's a fake that agreement if you zoom in on will definitely prove that it's not a purchase contract but rather a rental deed

[@WillMotivation]

Wanna bet?

[@alirezanabavian771]

@@WillMotivation why don't you show us your diploma...what university you graduated from..tell me technical info like how many programming languages you know once you that I ask you to write a simple program..plz scan your documents clearly

[@randallhill7979]

That’s awesome Will, you’re blessed. Thanks for the motivation brother

[@penahect]

camera guy breathing into the mic 🤣🤣

[@kevinsue1778]

right like wth

[@henrycervantezzz5566]

Camera woman

[@totoroutes5389]

As an investment the thing to do is to park the car indoor and do not put any miles on it. Also, invest in a lav mic.

[@DayTradeEssentials]

What I love about this guy is the discipline to live in that entry level neighborhood while investing his cashflow in other endeavors. Many of my peers can’t pull it off as Will does. I, personally, couldn’t make those sacrifices. All I’d see is cheap vinyl siding for days and it would make me sell my cars to get into a better neighborhood.

[@PhlavaReacts]

I noticed the neighborhood as well, somewhat of a middle class neighborhood, but not elite, where it would be gated and you wouldn't see your neighbor for at least 1 kilometer... Good Catch

[@WillMotivation]

Vinyl siding? Entry level neighborhood? Bro

[@abdirahmanhassan1848]

@@WillMotivation hes so out of touch

[@jameswillard1]

Did you hire Darth Vader to do your camera work Will? As soon as the video started I was WTF sounds like an air intake system 🤔 oh it’s the camera guy breathing next to the microphone 🤦🏻‍♂️

[@tommycasidy3031]

If I can't afford to buy five of these in cash, I'm not buying it. I'll be dammed if I would have a payment book on it.😂

[@RaceCarFriends]

Man the monthly cost of that Ferrari is the same as the monthly mortgage on a $900,000 house!!! 😱

[@zarbon700]

Yup. Exotic cars are one of the worst purchases someone can do.

[@RaceCarFriends]

@@zarbon700 Lol depends on the car but generally you're right.

[@kvibeats1512]

@@zarbon700depends where ur priorities lie. If you’re into cars like that it’s the best purchase you can do.

[@BleedForTheWorld]

@@kvibeats1512 considering America is in trouble and looking at another recession (officially this time), it's not but then again, this guy doesn't work for this. He's a landlord.

[@kvibeats1512]

@@BleedForTheWorld no, it is. If this is his priority than it is.

[@Jmotwa87]

Love how you put it in the channel’s name so you can write it off.

[@xtabi8888]

Awesome video! Thanks William!

[@kingkoup2661]

How can anyone even hate but appreciate this man’s hustle. Salute

[@kec2528]

I think it’s the wind noise from the phone.

[@WillMotivation]

Thanks bro

[@wb3213]

"The cheddar breed jealousy..." The Notorious B.I.G

[@dannydanix8698]

We believe you Will, even without showing the documents. Btw: that F8 is truly beautiful.

[@bamahammer3660]

What you just described on the payment layout sounds exactly like a lease. If you lease the vehicle for 48 months, if you want to keep the vehicle, then you pay the remaining residual balance to officially own the vehicle. If not, the vehicle is returned to the manufacture/dealership.

[@WillMotivation]

Only that it’s financed so you have a bit more flexibility in a sell scenario

[@bamahammer3660]

@@WillMotivation Thanks i appreciate your feedback.

[@turnne]

@Bama Hammer I think that is called a ballon loan

[@bamahammer3660]

@turnne I agree. A lease is a deritivitive of a balloon payment. Personally, I would never sign a balloon contract on a house or a car because the market can change at any time, forcing you to pay a higher interest rate.

[@turnne]

@@bamahammer3660 Except on a balloon you own the car...Its not a turn in situation like a lease

[@jamesgretsch4894]

I'm not buying a Ferrari but find your journey as a Ferrari owner fascinating. What got me interested in this subject is seeing a video by Jay Leno and why he won't buy a Ferrari which led me to you. Very interesting. I just liked and subscribed. Thanks for the video.

[@WillMotivation]

Welcome aboard!

[@happytrigger4233]

He deserves all respect. One of the few guys who pronounce Gallardo correctly.

[@jabreeldaddy]

That actually didn't seem that bad for what it is. Keep up that good work bro

[@WillMotivation]

Thanks bro

[@larrycrevier9630]

I would be crying every time the payment was due. 😭

[@jbaru648]

Just postpone it

[@moneyleverage8179]

Not if you made $10k a week.

[@Solitude47152]

Hey if want to make Ferrari rich, please do.

[@vwaudiporsche11]

Not to mention the maintenance costs.

[@bmoshareholderappleshareho855]

That means you don't have a lot of money. If you have a lot of money, then those payments are not an issue.

[@cloviscoloado]

“I’m only going to have this payment 3-4 months”. Famous last words… 😂

[@WillMotivation]

Ha

[@jerrywilliams6016]

I've always believed if you have to finance a purchase, you can't afford to buy it.

[@WillMotivation]

Ok

[@bruceterrell63]

Even if its a balloon program its amortized for 60 months full term. After 60 months, you must payoff balance or refinance the terms. This program allowed you to have a lower rate.

[@MiamiMark]

Thank you for the video, that is a beautiful car. The key to this video would have been to tell us how much money you owe when the balloon becomes due and if there is a penalty for prepaying on the 60 month note. If in theory you really paid $60k down and you pay $267k for the full term of the loan, you've $327k for the $420k sticker price. The reason you probably don't tell your viewers how much the balloon and/or prepayment penalty is because they would be scratching their heads as to why you paid so much over sticker for this car. My guess is you have pay $250k or more when the ballon becomes due. At that rate, you're paying about $580k (plus tax which is probably over $60k) and likely paying waaaaaaay over $600k for a $420k car. Not sure how that is a fiscal win. Better yet, prove me wrong and tell us. Also, please make a follow-up video and tell us how much one could expect to pay for maintenance costs for this car. 😱😱😱😱😱😱 There's a reason why most of these cars for sale have such low miles. Enjoy your new ride.

[@WillMotivation]

I mentioned the the balance was due, whatever that is after the 74 months. The reason I did not focus or even remember that number is becuase I have ZERO plans to keep this loan longer than 2 or 3 months. I'd refinance it before I would keep it. It's a bad loan if you were to keep it to full term for sure, no argument from me on that as I said in the video. As for the maintenance costs, the car has 7 years of free maintenance from Ferrari, so that would be a $0.00 cost :)

[@patkowalczyk1]

Quite the entrepreneur you are Will. I'm envious of your awesome supercar purchases. Its great to see young men from a humble beginning being successful in life. The main stream media paints the total opposite picture unfortunately, so its good to post videos like this. Some supercars are better than others for investment The Ford GT's are a good investment (if you could've gotten new). There are some others that (if you can buy new from the dealer), you can drive for 10-12 months and easily sell for a 25+% profit afterward

[@WillMotivation]

You got it

[@pete6705]

It’s an amazing car. Congrats on your hard work and achievements. I think I’d have to have at least 5M of disposable income to be able to justify that kind of bill on a car. Otherwise I think I could just rent a Ferrari for a day or 2 and be happy.

[@PropertyOpportunityProfit]

Will I have been rocking with you since you were back in the other house. Dropped in to check on you bro. Ferrari is a flex bro. Love it. Glad you got rid of that Raptor 😉

[@WillMotivation]

Welcome back

[@poeticwisdom3]

Your video popped into my feed, and I was going to hate, but if you have the money, and can afford it, congratulations. I happy for you.

[@WillMotivation]

🤣 thanks

[@ESUNintel]

As someone who loves Euro cars, I get the part about not putting all the money down to lower the payment and keeping money for a rainy day fund - darn things are alway breaking and dealers always find an excuse to not cover it all under warranty 😂

[@bom128]

So happy for you! You are proof that if you work hard, no woke nonsense of so-called “Systemic Racism,” can stop you from achieving. You deserve all the success and enjoyment from what you achieved. God bless.

[@wednus1]

So, one African American buys a ferrari, and that means there is no systemic racism? I guess because you ate today there is no hunger problem in the U.S.? SMH! 🤪

[@Leester-70]

@@wednus1 Almost every major corporation, the government, and most major colleges have discriminatory policies AGAINST whites, so yes there is systemic racism.

[@bom128]

@@wednus1 to use your analogy…what I am saying is that if I ate today that means there is no “Systemic Hunger.’’ Hunger exists but if I work hard and make good decisions, I can find a way to eat.

[@jeffreyd.4878]

Hey Will if you stretch out the term on a loan wouldn’t you be paying more interest at the end? When it comes to loan terms I always say For the shorter terms Pay more now, pay less later For longer terms Pay less now, pay more later(in interest)

[@PristineMindset]

He won't in the end, Jeff because he always pay them off within a year he goes for the stretched payment until his "Flip/real estate investment" deal goes through. Look at all his previous videos

[@WillMotivation]

Yep. This. Essentially.

[@EnterSports1]

Your perspective is organic! I am glad I clicked on the video! Continued Blessings and Prosperity!

[@WillMotivation]

How I am able to afford my new Ferrari even though I'm broke... kzbin.info/www/bejne/gamTYmSBq9qSfZY

[@narabshahi3529]

Finally someone just stating facts about owning and how you did it, Without showing off! Great video

[@WillMotivation]

I appreciate that!

[@Marc-ry3gd]

yeah i'm sure he's hiding his face cuz this was a sound financial decision

[@robertwilliam9558]

Will, we love these honest finance numbers. Thanks

[@benbustama3430]

As always, Will keeps it real!👍✌️😎

[@BYU2726]

Can you make a video on how much you cashflow on your rentals and how do you analize rentals.

[@WillMotivation]

Sure

[@scarcheer7211]

That is a sick car! Congratulations. I would buy a farm instead

[@islamicsalami7208]

This man is living the dream. Congrats on all that you do brother!

[@raiderdavis5555]

Right on love it up pal I had a friend who paid on pain for what little was taken from him

[@cjb8993]

If you have to finance a Ferrari, you cannot afford a Ferrari.

[@keithg1955]

No YOU cant afford one😂

[@cjb8993]

@@keithg1955 well, to be fair you’ll never know. At the moment I’m shopping 911 Turbo S models in 992 for my daily driver. But for a garage princess I’m waiting for 458 and F12s to collapse. I figure another year and I’ll be grabbing one on the cheap.

[@keithg1955]

@@cjb8993 investors use passive income to buy toys much of the time. Congrats on yours

[@WillMotivation]

So wait. You’d rather have money in cars over real estate? If the real estate market crashes then man I’m gonna be driving Bugattis next year. 😝😝😝 please try to make sense

[@cjb8993]

@@WillMotivation same will. I dumped the last of my rental properties during Covid so I can reload the gun on the next puke session. It’s never easy as tops are a process and it could take a while for realestate to collapse. I do think the fuse has been lit, AirBnB is the canary in the coal mine IMO. People are systemically panic selling what was once considered the road to riches. I’ve not nothing but time so I’ll pick my points.

[@mark-remanHamilton]

$4500/m for 60m lease option. If you race it around, it needs a tune after every race. Think about that.

[@pawnjumper6980]

What’s the monthly payment for the insurance?

[@WillMotivation]

I’ll do a video on it

[@Zp00kie]

Thank you for making me appreciate that I have absolutely positively no need for a $5,000 a month payment no matter WTH it is. People, be financially smart, don't spend $450,000 on a car no matter how tempting. Aquire assets not liabilities!

[@holdyourownnuts182]

But after you have all of those assets….you’ll wanna spend it on a few things that’s not an investment. .

[@Piper-Down-EZ]

What are you some financial genius? I understand your under the impression your comment has some intellectual merit, but your just regurgitating rhetoric

[@Zp00kie]

@@Piper-Down-EZ Ohh look a Karen!

[@WillMotivation]

You’re the Karen hahaha and how is my new Ferrari not an asset? It’s worth $100k more than I paid forbit

[@WillMotivation]

Watch this kzbin.info/www/bejne/fGOUfYtpjLiMqJI

[@robertmorgan2219]

Comparison between the Hellcat and the Ferrari: everyday livability 1) sound level at 80 mph highway cruising : how loud is tire noise 2) steering effort inside parking lots? 3) smoothness in steering, suspension, and brakes???

[@WillMotivation]

I would give all of those to the Ferrari but not by much

[@johnybass2557]

Congratulations my brother we taking notes.Much respect for you👊

[@CaptainPlanet007]

Subscribed. Appreciate the straight the point and no bs video.

[@markstancato295]

If you claim at least 50% business use, you can take accelerated bonus depreciation in the first year (2023) and depreciate the remaining over the useful life. However, starting at a FMV of $422K means you’ll be depreciating until you retire. Thnx for sharing.

[@damachine3]

I own four super cars and did a loan only when the rate was low...because I could invest my money in other stuff at a higher rate. My car that arrives tomorrow is $310K, but I'm paying cash because rates are super high right now...even with excellent credit.

[@WillMotivation]

Yep 👍🏽. Exactly why I’m gonna pay it off quick

[@damachine3]

@@WillMotivation Good man

[@CGDavis]

Genuine question: If you're required to buy or sell the car after 60 months, is that not the same as a lease?

[@WillMotivation]

Not technically no. It’s a loans with a balloon payment as the last payment

[@gfysyoutube]

Car was $422,000 with a $60,000 down payment with a monthly payment of $4,460.05

[@marieangegardienne]

Thx i waiting for this comment 😂😂

[@terrylafauci791]

Someone like myself down here at the bottom looking up at the top really appreciates your vids, man. Hope I can get there someday. Gotta learn to apply myself though.

[@WillMotivation]

Just ask questions

[@rejeanpaquet4375]

Good for you man, now did you get problem buying your 1st Ferrari? I heard Ferrari won't sell a new car to 1st time Ferrari owner, true? it's recommended to get a used one, drive it for a while, then go and buy a new one. How did you go for you?

[@williamdunlapwaxnews]

You definitely seem humble and that is a great thing. Keep making that paper.

[@patelkrunal311]

See. Proof that hard work and smart investing can lead to wealth. Great work Will.

[@GregNoblin]

Buying it under your LLC is the smartest thing ever! Good man!

[@WhittaII]

Props man you clearly work hard for what you get. Recently got my life back on track and if this ain't me within the next decade I've failed!

[@yourlogicalnightmare1014]

I'm in the $10M+ club and I am nowhere near able to buy a $400k car 😂. My $2.5M 8,000 sq/ft house is paid off. If you have less than $40M in assets, you're a fuh 🤴 fool if you spend $400k on a car

[@superdude7459]

You will succeed. You will get what you want. 👍🏽

[@WhittaII]

@@yourlogicalnightmare1014 what.. if you enjoy cars? I don't want an 8000sq ft home, my 4500sq ft is bigger than I'd like. I literally use a bathroom, kitchen, office and bedroom and the rest of it is useless to me.

[@WhittaII]

@@yourlogicalnightmare1014 I also don't believe that you have anywhere near the amount of cash you brag about. Checked your channel. All you do is brag. You are the least humble rich person if you really are, which is why I doubt you are. Money can't buy character, I guess.

[@WhittaII]

@@superdude7459 Appreciate ya brother, hope life treats you good. Respect!

[@arjanitmehana7123]

Much love on the amazing work, proud of you my man! PS, under armor should give you som green cash on marketing those hoodies.

[@WillMotivation]

That would be cool! 😎

[@ryanbabb3551]

Congratulations 🍾🎉 I almost bought a Aston DB9 a couple months ago got my 07 Stang Gt premier convertible instead struck on it low ! But being Italian i gotta say salute baller!

[@da20eclipse]

Loving the car, can we ask, what insurance cost on it?

[@WillMotivation]

Coming soon

[@crizbir1999]

Will, would you choose the Huracan Over a Ferrari Roma. If you wanna daily it.

[@WillMotivation]

I think it boils down to what you think looks better. Both are great cars. Huracan will get way more attention

[@williamderosa8947]

Nice to see someone that understands. No worries you will be fine with ur thinking.

[@TVBCStudios]

Love the details. Very distracting with all the wind noise. If this was your lady filming, please tell her to use her off-hand to block some of the wind in the mic. That will allow us to hear what you're saying, you know. Love the F8 Spyder!!

[@WillMotivation]

Thanks bro

[@Royce1982]

What about the insurance?

[@TONNAGE75]

How much for an oil change/yearly maintenance?

[@billysapp5582]

One guy was complaining that if it didn't have bufferfly doors, it ain 't worth it. What he didn't realise is that with those doors, comes alot of problems, very expensive problems. They look fine on other cars, Ferrari said why make a problem where there isn't one.

[@lashaehitchens2259]

U should never put down a down payment on the vehicle because it really doesn't change the amount of your payment. The last 2 vehicles I bought I didn't put a down payment even after the salesman was asking for atlease 20 thousand dollars down. My interest rate was a little higher at 5.9%, but that 20 never left my bank. And I still negotiated the price.

[@truckerkevthepaidtourist]

But the other important question.. Your monthly payment how much is insurance taken out. That's got to be a big good pretty penny on top of that too for that ride

[@michaelrock4005]

Spend a little on your camera. That cuts out the person breathing from the marathon they ran. It also cuts out the wind and the birds. Congrats on your success!

[@WillMotivation]

Thank you

[@randyharsey4992]

So essentially, you have made a terrible financial decision. You have not purchased a Ferrari, you have leased a Ferrari, which, as everyone knows, is only a good deal for the dealers. Judging by the home in the background of the neighborhood, (If you were in my area of the country) the Ferrari cost almost as much as the homes there. Cars are generally never good investments. They are depreciating assets. Paying over $4,450.00 per month just to have see you in a car that you don't own is a complete and total waste of money. That's $270,000.00 at the end of your lease and you still do not own car and still owe almost that much on it, still, with only two options to either sell it or buy it. A far more intelligent investment would be to (DCA) "dollar-cost-average" that same amount of money into a portfolio of well-diversified aggressive-growth mutual funds for the same 5 year period of time. Even if you did add anything else to it after the fifth year, by the 10th, 15, 20th years, left in the same mix of mutual funds you would easily be in the 7-figure range in your portfolio balance. However, if you did continue the monthly "DCA" investments into the portfolio, you would have a balance by year 20, from which, you could draw out a mere 3% annually, which, would equate to a significant 6-figure annual income, or well more than $4,500.00 per month, more like $12, 500.00 per month or more... .i.e. living off the interest of your money. Moreover, your portfolio balance is continuing to grow and the 3% annually you draw out becomes a larger amount as your balance grows, therefore, your income is more. Just a different school-of-thought... the truly wealthy did get there by buying luxury toys and exotic cars, boats, etc. before they could actually afford them. They became wealthy by getting up early, (Everyday) working hard (Everyday) working late (Everyday) sacrificing (Everyday) being the first to arrive and last to leave (Everyday) AND making intelligent, well advised, commonsense financial decisions, each time, every time, without wavering and failing.

[@WillMotivation]

I made a video response for you kzbin.info/www/bejne/fGOUfYtpjLiMqJI

[@Martin-xr1mo]

Beautiful car ! What does a oil change cost?

[@WillMotivation]

Free. Video coming soon

[@triz313]

Wireless lapel mic, homie. Improve that audio quality. Sickkkk ride and great insights.

[@johndavid1585]

What are your monthly insurance costs ? Just curious.

[@robert039]

Probably another 700 a month

[@quantumIO]

You know you're money when Darth Vader is running your camera. 👊

[@alihakimi1707]

Why not sell the car first? I’m confused.

[@itsTreP]

The kicker, what does insurance payments look like when you got it like that? That plus the $5000 car note itself? Looking at what like $7,000-$8,000 a month

[@WillMotivation]

Ok I’ll do a video on ot

[@Pompomgrenade]

5000 a month on a steadily depreciating asset. Sounds like a great financial move... Especially during tough financial times. A vehicular purchase is an expenditure. Never an asset... I hope you drive it fast 🙈

[@WillMotivation]

What’s the value on it?

[@scuddryvr8784]

How do you not know your payment or term before making the video? Were you on your way to the grocery store with a camera and your financial statement and spontaneously decided to make a video when you got to the driveway? What’s the interest rate? What’s your credit score? You really didn’t explain what the balloon payment was in much detail. You also said to “put as much down as you can to get the payment low” but admitted you put only $60K down on a $400K car. That didn’t really make the payment low, I get you are paying it off but your advice should match the example in the video.

[@WillMotivation]

Because my main concern was if there was a prepayment penalty. I’m only financing it for a month or two