Worst Automotive Financial Advice I've Ever Seen Printed

[@JasonW.]

The loan terms are bad, but the car in the background shows it's not the worst mistake you can make

[@squeeze309]

bruh lol

[@nickmendez3707]

Jason Woods I doubt he financed it

[@MrErikw26]

If the m Mazda miata spaghetti edition was behind him, this would be epic

[@codyscherer6930]

i like how he stood in front of someone else's car and made no mention of the channel it goes to

[@anthonygaleanosanabria3680]

Jason Woods 🤣🤣

[@RBeeMedia]

If you *really* want a Lamborghini, then do what professionals do, open a lemonade stand and invest in penny stocks.

[@YaBoiiiNikki]

Old but gold

[@Dan-bg5fm]

Tabarnacos2 where is this from? I'm always reading the same shit

[@RBeeMedia]

Wilfred it's a joke about a shit channel called "JR Garage". Kids driving their parents-owned supercars, claiming that they are theirs. Which is a fucking lie. They tell everyone that they bought the cars themselves when they made a lemonade stand at 5 year old and then that they saved their parents out of debt by investing in penny stocks when the market crashed in 2007 (they were fucking 10 years old in '07) pretty much, they are full of shit. If they admitted that it's their parent's cars, it would be so much better, but they are liars and brag about cars they do not own.

[@Dan-bg5fm]

Tabarnacos2 lmao ohhh alright . Thanks for clearing that up . I literally read that comment on every car channel. Pretty funny

[@Steven91992]

Tabarnacos2 What I find Crazy is how many people believe him and think that everything he's telling them is 100% true like how gullible can you be. When I watched his video on how he explains he can afford all these cars at such a young age because of a lemonade stand I laughed my ass off. 🤣

[@crisray6789]

You're not my mom Rob, I'll buy a Lambo if I want.

[@Georgeliams]

crisray6789 LMAO😂😂😂

[@willcho7188]

crisray6789 you prepared to live in it? lol

[@Graciashauf]

William Cao you can live in a car but you can't race a house lol

[@dawicked2k8]

William Cao you cant turbo a house, take this L

[@iibadsportii690]

William Cao stfu punk ass bitch let him live his life

[@sminem6572]

Rob, I finally saved up $50 dollars, time to go buy 8 Bugatti Chirons and LaFerraris with this God tier advice!

[@strangekid35]

Kostas Sterling 12527 month finance is always a good option

[@MegaZsolti]

don't forget to drive them home! preferably all of them at the same time, with some chains!

[@itswhitenoise9607]

Rob: "This is the worst advice I've seen" Someone else: "Hold my beer"

[@decarlocalloway01]

144 month financing?! That’s ridiculous. I need 200 months at least...

[@algiebrodnax1272]

DeCarlo Calloway 😂

[@beastbee0118]

288 months! Come on down!

[@thedukeofwales]

Wait a minute, so you're telling me the Huffington Post doesn't know what they're talking about?

[@spakjoeXD]

John your statement is too narrow. More like all stupid people. They are a larger category than specifically liberals.

[@F22C1]

It's rare to see a decent story on there. Not my go to by any means.

[@spakjoeXD]

You are just sounding more stupid then the people reading the paper by furthering a divisive narrative.... Was my main underlying point.

[@spakjoeXD]

What does that even have to do with this conversation?...

[@trainman4763]

Yeah, if they follow the Huffington Post like a Bible?..........Let Them Burn in Financial Hell I Say!

[@mazdarati607]

144 months? and I thought 5 Years for my Mazda was too long 😄

[@Printedperformance]

I did 5 on bmw and though I was stretching it a bit... lmao

[@JiuJitsuM4]

Michael Davis Yeah I’m doing 5 on my M4 and I did 30K down at the dealership lmao.

[@randomrichlife5256]

epic username

[@GK5_]

@@JiuJitsuM4 Waste of money, its going to depreciate greatly and they are endless money pits

[@JiuJitsuM4]

Brad H I payed it off recently. It’s my daily

[@ftnppg1272]

I saw a guy finance a used Viper with no job, no down payment, and like a grand in his bank account. He went to a private lot with in house financing. They made a deal where he used his home as collateral where his elderly parents also lived along with many other relatives. It was a trailer park but he owned all of it and rented to people. Long story short he blew the motor driving like a jerk and was making payments at 27 percent interest on a 6 year old Viper. He was also making payments on mandatory full coverage insurance. He blew the motor and paid 20k for a new one. He also blew the trans and it was almost 10k. He eventually lapsed on his insurance and payments and blew the motor again while it was in his yard. They repoed it with a hole in one of the pistons and went after him for the remainder of the loan. He ended up selling the property because he couldn't afford to settle the dispute and couldn't refinance the property. He owed like 50k on the car and displaced his entire family because of it. It was truly awful to see what this guy went through in order to drive a nice car.

[@NoNo-uu8mz]

Fake news😂

[@XBlockAcah]

You write the article then. "You can own a supercar, just follow this step" 1- Have enough money to afford one

[@dltnellis]

all i could find on the interest rate from woodside is 5.99%, so it could be worse based on your credit score 220,000 for a used exotic ( say a two year old huracan) at 5.99% for 144 months with a 10% down payment and 8% sales tax = $317,986.89 total paid after 12 years of payments at $1,931.16 per month thats $80,086.89 in interest alone. for a car that MAY be worth $80,000 after twelve years of you putting miles on it (and probably neglecting to maintain it because you can't really afford it) no thanks

[@thesolojourney8955]

That’s why it’s good to buy for $220k cash and whatever the monthly payment would have been, that can be used for insurance and gas expenses, maintenance.

[@chrishammer5925]

@@thesolojourney8955 That's why you don't buy new if you use these long term loans. 6%, because over 750 credit, 25% down, no or low points on insurance, 5-10k in your pocket for emergency expenses. Usually, you can find the bottom of the market for the car you want, and have patience to find the right deal. ie; you will probably be fairly safe in a 90k Gallardo, and what I mean by fairly safe is less risk. Depreciation won't be that much, and probably won't keep the car the entire length of the loan. Like everything, you pay to play. Obviously over 12 years, it's not a great deal staring at the money. You pay like 80% of the total over 12 years if you stay in it... but you get to own and drive your exotic for 12 years. How much a year is that worth to you? 4k a year, 333 a month? For someone that can shoulder that payment, it's worth it. Pay to play... Look how much interest you pay with your home mortgage... Usually when people buy bigger boats, same thing... It really isn't that big of a deal. Unless you make 60k a year and think it's for you.

[@ShadowStarPSN]

_ incognito _ Or take a loan for 3% and invest the 220k you have in cash and put that in real estate/stocks which should get you around 6-7% return per annum which covers the interest payments with some profit baked in

[@FaZeredemption3]

Dude. A huracan will never be 80k. Gallardos arent even 80k and they are 20 years old almost. Cheapest one i found is about 95k. Huracans are a different story. They are more expensive out the gate than gallardos. Cheapst huracan is 165k right now

[@badluckguy2502]

I miss the old videos when you were running from cops and doing the bull run rally's

[@chromaticskent7395]

Bad Luck Guy yeah him running from the cops was very entertaining!

[@superspeeders]

plenty of DVDs to watch over and over again.

[@dstein111]

God forbid the guy talks about something that requires you to use your brain

[@sofakingtouge2399]

Really aren't a lot of people making content like that.

[@Swagijuana]

Rob has kids now dude. He can't risk jail time while he has a family to take care of lol

[@deedo773]

144 month loan to have a lower monthly payment compared to traditional 60-96 month loans. Ideally, increase your income, make extra payments and pay off the car in a lesser timeframe. all while having low payments enjoying your dream car. Am i wrong?

[@GamerGee]

144 month financing. That's a damn mortgage

[@pr-jj6nc]

12 year financing? That sounds like the literal worst financial decision you could possibly make

[@555125kevin]

144 month loans only makes sense for a car that you can't afford and keeps it's value, a car that you can't afford and raises in value, or a car that you can afford but you know that you'll never sell it.

[@themarlboroman3105]

144 months/12 years? add 3 more years and that would be same amont of time on a 15 year morgage for a house.

[@goldenskull2775]

>Huffington Post Well there's your problem there my dude.

[@TheTardis157]

A lot of this goes along with owning an older exotic car. You have to keep in mind the maintenance costs are based off of the original price of the car. Even though you may have bought a car for $10K, it was originally $100K and you are going to pay parts prices that reflect that it is for a $100K dollar car. Be careful people, don't ruin your finances trying to own a cool car.

[@marketbreakdown]

In this video, Mr. Spaghetti explains how he doesn't like to hold his noodles for too long or they will start to mold.

[@dylanwakley2553]

Logan Peaden Mold is a place in Wales, I think you mean mould

[@HellGatefr2]

This is getting old.

[@birkenstockresouler]

I think you mean "ould".

[@doofykouki494]

I absolutely 100% agree with you Rob I personally purchased a car that I definitely couldn't afford at the time and I was so worried about maintenance cost. Thankfully I sold it and made my money back but not everyone is that lucky. Definitely just wait till you can afford the car you want.

[@vaiojoe]

In this video Rob tells us how to borrow money from a loan shark.

[@APGT90]

vaiojoe I think the idea was how NOT to do that...or rather why not to do that

[@vaiojoe]

Aaron Price I didn't even watch I just commented on the title.

[@APGT90]

vaiojoe Well that explains it lol

[@TheMrIVXX]

Today, Mr. Spaghetti explains to us why it's nice to own the tomato orchard not just the pasta plant.

[@wallstreetfox3]

144 months for swag. A great deal.

[@TechnicalsMatt]

I test drove Gallardos last year (2004's) and they were trying to push me on that 12 year BS. Dealerships prefer when you finance, they make more.

[@shitboxoffroad]

In this video Rob Spaghetti tries some spaghetti made by millenial journalists turns out it's fake spaghetti.

[@geob5562]

Inner G omg 😂😂😂😂😂 the best

[@SunTzu192]

Inner G hahaha

[@pelvicthrust119]

Inner G top ramen

[@RABZBITCHES]

look up woodside bank lol they do 144 month terms lol

[@syr72]

"If you can't buy it twice you can't afford it" - Jay Z

[@ashishpatel350]

asq 97 don't take advice from a salad tosser.

[@syr72]

Ashish Patel Not gonna lie I do apply it to some things, not everything.

[@joshpickles9022]

Well back to living in a box in the street then I guess

[@lillexus5589]

' Hoes mad ' - Famous Dex

[@chrism1598]

There'd be a lot of people without homes, cars and college degrees if they took that garbage ass advice.

[@Josh-hr5mc]

Great content Rob as usual. Keep the vids coming. I've been a fan of your videos since before the KZbin years. Back when you were doing the DVD vids and people could get away with having more fun in cars without worry of police, ha. These 90's babies have no idea what I'm talking about

[@curtisimo032]

Those are the worse wheels I've ever seen on a Corvette

[@pgtmr2713]

curtisimo032 Anything is better than stock C4 wheels.

[@jeffersongraves5295]

PGTMR2 the last gen saw blades do look pretty good on the c4. Seen a lot of them on German cars too. I did agree though that they looked terrible but the last gens did grow on me.

[@steyyJ]

those wheels are extremely rare. i have 4 of them in perfect condition from a 1967 corvette stingray.

[@mattcaligiuri4539]

spliff they're repops

[@crunch9876]

Those wheels look sexy.... is that really your biggest problem with that car? Lol

[@Otterbruce]

When I can afford an exotic car I will pay for it. I'll simply wait until that purchase is not a risk for me. Until then my ultra performance vehicles will be motorcycles.

[@redneckwithajeep5001]

Bruce O. The way to do it is to put back money for decades and let the depreciation happen to them and buy them when it’s at its lowest value

[@Berzerk29]

Holy shit 12 year car loan.

[@Sonic6000WII]

At least one person (Rob) can stand up to debunk one of their BS articles. Tired of seeing everyone on Facebook sharing shit from huff like it's a peer reviewed article.

[@Tougesti]

why is Jimbos car in the background?

[@SchaferTheRicer]

Why is there no arrows pointing to the car like every single clickbait thumbnail that he has

[@jimboooooooooo]

TheShadowOwl cause we filmed the video at my place and we needed a nice backdrop 😂

[@seang2221]

Jimbo's Channel and a 'nice' back drop is your wrapped c4 corvette??

[@jimboooooooooo]

Nicer than the truck he drove over XD

[@seang2221]

ahaha true. And by the way... I love the the c4 corvette (I have a 1990), I just hate how you wrapped it. Just my personal opinion though.

[@daw162]

I remember a spot that Michael Savage had years ago (when he was new, interesting and edgy) where he said in the old days, they considered a mortgage a necessary loan. They considered someone who took a loan out to buy a car they couldn't afford to be a poser. Someone with a journalism degree from cluck university probably talked to someone they found on youtube or who called and said they wanted to help with an article. That's what journalism is these days.

[@transbrake1688]

Jimbo's (aka streetspeed717's nut swinger) car as back drop...ehh those wheels are hideous in Jimbo's Rockville Maryland home as well as Robs Long Island, NY home. Oh and the video is common sense. Basically don't apply for a mortgage as a car loan. 👍🏻

[@narcoti]

Good call, yes you can find a way to buy an expensive car but if you have to jump through hoops to afford the car, you cant afford the car. Totally agree!

[@Tpj4682]

I was able to afford a stanced miata thanks to reading the article

[@GWilcox85]

Surprise surprise the writers at the Huffington Post don't understand basic economics or finance. Thanks for this incredible revelation Mr. Spagetti.

[@SalmanC]

Today, Mr Spaghetti talks about financing our meatballs and paying more than they're worth.

[@duncanbleak3819]

Thanks Rob, this is one of the primary reasons i subscribe. For this type of info. Well Done!

[@Gideon_Judges6]

A C4 in the background too? Wow it seems you really let StreetSpeed717 get inside your head man! He's already won!

[@JohnSmith-zo6ir]

This is good advice. I say this as someone who was in the lending and insurance business.

[@urbanweekendwarrior7238]

Today Mr. Spaghetti uncovers the truth behind running up a big tab at a spicy pasta ristorante!

[@nathancheatwood6315]

I would absolutely buy the right super car this way. Take the Ferrari F12 TDF for example. It was roughly $325K new and very shortly after it is now in upwards of $750K. Just sayin if you know what your doing and what cars will gain value then this could work quite well. However their is always a risk!

[@thecocooreo]

LMAO!!! this video delivers! thanks Mr. Spaghetti!!!

[@ryanpinzone9759]

I can listen to the articles every day. I hope to meet Rob one day in New York or New Jersey

[@ExtremeDeathman]

They deleted the article. MEGALOL!

[@InvincibleRage]

I agree with you. You have the business and experience in selling, buying, and using exotic cars.

[@xJiox1]

In this video at 4:31 Mr Spaghetti scratches his meatballs

[@alexhernandez-to5ls]

I'm

[@FadedBlanco]

Rob Spaghetti talks about the dangers of pouring too much sauce on your meatballs, along with handling parmesan cheese responsibly

[@westsenkovec]

It isn't called Huffington Compost for nothing

[@dm8867]

I am going to start using that.

[@WBush-uc9pe]

Way to go superspeedersRob, giving people sound advice about renting capital to buy physical assets!

[@steelbluesleepR]

Huffpost gave bad advice?? say it ain't so.

[@mammutMK2]

It even gets more insane...finance your computer/cellphone/electronics for 6 years...that stuff doesn't even live that long...so you have your x-phone 3 and your still paying for a wrecked x-phone 1. And then they wonder why people get more financial issues. Even saw normal car "finance 100% for 8 years", with a monthly payment that doesn't even cover the loss of value in the first 5-6 years...than you need a full insurance package for the whole time that balances the loss of value, in case you wreck the car, you don't end up paying your bank for a totaled car.

[@charliebusser4255]

In today's video Mr. Spaghetti warns against over-cooking your meatballs.

[@hemipower3308]

Huff Post doesn't like too be criticized,watch your back Rob.

[@flyby7143]

I'm actually here before the stupid Mr spaghetti comments

[@raiden5452]

DJ Flyby but you just made a spaghetti comment

[@Wajjajagg]

Lunar i dont get it what is this joke everyone is making? I've started watching two months ago

[@svldvc]

Rob is a professional. You can tell that he knows his game! Great video Rob! I admire you and your knowledge! Thanks for sharing.

[@ThePunchBox]

Can you please for once introduce yourself as Mr. Spaghetti in one video??? PLEASE!!

[@cheddafaceboiii8252]

Emerson Smith he's done it so many times though

[@ThePunchBox]

when???????

[@lc6705]

hes done it in a few random vids

[@randomhero1797]

He's done it before

[@MiguelRodriguez-mj2ec]

Emerson Smith he's even called us his spaghettio's

[@vcotta2012]

144 month financing is good if you buy an old car that's already lost it's value or an older car that's actually increasing or maintaining it's value.

[@derekdok]

All the 'in this episode commenters', wetting their pants trying to think of something funny and get it up first.

[@lsmeteor4652]

Maybe they fixed the article, but the author suggest a 120 month term plan, not 144 months on a 12 y/o or newer car. This is still crazy planning paying out for a car that you're probably not planning to hold on for that long in the first place.

[@jakkritpirawad7967]

Super mega))

[@-Zelo]

das a nice bagina

[@probablywrong8538]

Matty Rex I'm fucken dead lmaooo

[@squidwardshouse67]

Profile pic of the year

[@tpm1717]

That part when you say "Jesus Christmas" I nearly shit myself laughing! Great delivery on that one!

[@AlwaysBeSmart674]

Wow never made it to my spaghetti dinner this early

[@elkillerx]

Dam! The most I've heard of is 72 month financing. 144, 120 months?! That's just too much for a car loan. I already felt like 48 months was too long when I got my car.

[@bradenhegemier5695]

YEET

[@sonny.1009]

Rob, i totally agree. however, what if you want to only own the car for a year or 2 & have low payments then just pay off the bank after 2 years? you get what i'm saying? say you want a 430 for 120k. what do you do if you want to own the car for 2 years & don't want to own it for so long? just stretch out the payments to have low monthly payments

[@ZagPC]

I don't know what you're talking about, I set up my Montana LLC for my 94 Civic... only costs me $6/month... should be paid off by the time I retire.

[@CoderMan]

Just waiting until the LLC loophole is closed because everyone and their mother is doing it. 100% correct on the "not free" part. Sadly people want everything now and no longer work for anything...

[@Sandy-oy2lr]

Best is to be in the top 3% if you're getting into the Euro supercars. Buy it new so there's at least a factory warranty, use a home equity line of credit to deduct the interest from your taxes. Or, get a lightly used Corvette, get 90-95% of the Euro car's performance, much better reliability at a fraction of the cost for everything. A used C6Z can now be had for about $35K in good condition. Where can one get a 200 mph car for that little coin? Or a new C7Z for $82K if you don't go nutty with the options...The OEM pads and rotors for the C6Z can be had for $700 delivered (non ceramic). Try $2000 just for the front pads/rotors for a 911 C4. Or nearly $6K for one Lamborghini rotor (ceramic). I love to look at those exotics. But, owning one? Damn scary....

[@bradluymes5066]

Hey, do you still have the viper?? What do you expect to happen with them value wise, parts availability/cost, and will we see a viper again in a few years???

[@daeshavvn]

I do like the concept of buying a collector car with non traditional financing .. but for classic cars

[@Raritytuber]

I disagree! I always go for the maximum length when financing something. This way I have leeway to do whatever I want with my income. What difference does it make as long as you're only keeping the Ferrari for 2 years anyways.

[@topflighttradingacademy4658]

smartest thing said here. Everyone else is a sheep

[@ryuflea]

I'm trying to get a 2018 4runner trd offroad to replace the wj 4.0 limited we've had for 18 years probably gonna get a 10-12yr loan and keep it for 18-20 years

[@danielfl.9347]

I work for a financial company that loans for many things etc. I do agree upon a lot that you are saying. The article does not make sense, I don't get why they wrote such a load of horseshit. Very dangerous.

[@InTheZone85]

There's a lot of b.s. spewed in media and social media that should be considered dangerous when their target audience are sheep that cant think for themselves.

[@RobMotive]

Wow!! 12 year financing! Why not just make it 30 like a house!! Terrible, horrible idea!

[@antoniodias8088]

And this is why I love Rob. Hahah thanks for another great video

[@rickylomax0078]

Two points. Montana LLC makes sense.The LLC maybe cost $800-$1000. That’s still less than the tax on a $150,000 or $250 ,000 car period ,also the trick with the penfeld or woodside loan is u are buying low and selling high to break even or get a high ROI and u are only keeping the car for a year or two. If u wanna keep the car get a lower end exotic and get loan for no more than 45 months and obviously have a daily driver

[@DrChem-wx1uc]

Rob speaks the truth on this one. If you gotta run all these tricks to get a car - better off working on an investment that can pay for the car. Wannabe's were and will be forever especially now with social media so there will always be the $30k Millionaire.

[@Dreadpiratetrucker]

Great video Rob! DPT

[@robertmaks0]

Why does that corvette in the background have a JRGarage wrap on it? WTF I'm confused.

[@DaMaGinGWaRLorD]

What would you say about using this scheme for a low cost exotic like a lotus Elise or exige

[@turbo311]

I recently discovered that 144 month loans for off-road Side by sides (CanAm Maverick, Polaris RZR, etc), through credit unions in Utah, are commonplace. $30,000 toys that people want for $100 a month. Stupidity.

[@KINGOFOUTWEST]

I wouldn't be surprised if this how rob started his company. Now he down playing the article.

[@daveb5041]

In 12 years the average car has been melted down and remade into a new car.

[@plr4plr]

"Hey Jesus walked on water, so you got this..." Flat out fucking priceless.

[@JoseRodriguez-tq4rz]

Only car I’d bite the bullet on a long term loan is a classic car or a ultra low production exotic I plan to Own and keep regardless of upkeep. Like a NCRS top flite car or something

[@Zach_A]

Is it just me or does the front tires on the background car look larger than the rear tires?

[@yugihlh]

What if you do it and you’re renting the car out? And then you sell the car after a year or two?

[@Floordford]

Rob: This article is so clickbaity. Also Rob: I don't know why they would make this article.

[@SingleCabs_and_SuperMotos]

that vette would look killer with some nice wheels and a drop to match the wrap.

[@elicash315]

144 is only bad if you are going to keep the car long term. Buying a 360 well (assuming you are a shrewd negotiator) keeping your monthly cost low and selling in 1-3 years is hardly bad financial sense.

[@nicholasr79]

Where is this HP article? I can't find it anywhere.

[@charlesmiller6281]

Never borrow. Only save. Pay cash for the best 15 year old car you like and can afford. (Example, 2002 Porsche 996.) Perform all necessary maintenance but do not put money into the car. Continue saving. Repeat as needed, only buying cars you like and can afford that are also fully depreciated. Congratulate me for trimming 10 full minutes off Mr Spaghetti's 10:16 ramble.

[@woodrowrobertson7229]

That's why we rent them when we get the urge no maintenance and all that we get to enjoy the car without the long term commitment

[@aymansgarage]

Well nothing wrong with using Woodside credit for cars that've hit their threshold for depreciation or that're appreciating

[@HamsterWheelGaming]

Mistake #1, you went to Huffington Post aka Huffing Paint Post. Don't ever go there, they're not to be taken seriously.

[@aria8928]

new wrap on the corvette? whatever it's on, I love it. VERY racecar.

[@billythekid4793]

I know this is old but i love that rob has inbraced his inner pasta master.