HOW I FINANCE MY 10 CAR GARAGE

How I finance my 10 car garage - supercar finance explained!
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[@TGE]

Grab your two month FREE trial right now for a limited time only with Skillshare here: skl.sh/tgetv3

[@vincent5]

Next Video: How i finance my 50.000$ key!!!

[@Adam-jd8gz]

this proves that you arent a flipper because of how much effort you put in to get the cars

[@Adam-jd8gz]

whens that video coming about how the pista ended up with you?

[@lee900cbr1]

Has the Lusso sold yet? ;)

[@michaelrogers8491]

Love you mate much love don’t know if you’d remember but thank you is all I’m going to say your a legend geezer

[@TheLambo123254]

This man is living his life just like most people do in GTA Online.

[@jensen4070]

Except in gta people fund their cars with shark cards

[@jensen4070]

I meant financing for the new DLCs

[@TBATTIECYCLING]

Mr.Nobody except TGE already owned this car and made out he was going to buy it 🕵🏾‍♂️

[@mattyb2333]

3 videos at the same place only tge could get away with this

[@AS-oo4gv]

No one churns like Tom

[@tshegofatsomamekoa51]

thats the TGE i subscribed to, the day to day uploading working machine with 10 jobs and cars!! Chaos

[@IndianaJono]

This was actually one of the most informative and helpful videos you’ve put out in years. More of this thoughtful content, please.

[@joshuaparr3279]

Woah - safe to say blown away at the openness on this. But it's very eye opening at the same time. Just goes to show much hard work goes into doing these sorts of things. Rate the work ethic Tom!

[@WelcomeJTR]

Saw the lusso at FittedUK yesterday. Absolute cash, and the paint looks amazing in person. Crisps

[@neirun8786]

that was a smooth skillshare plug haha

[@babooshanimation2292]

Your monthly bills are my annual salary and I'm not even annoyed.

[@jamesr8897]

You must be earning some coin lad, £15k a month on cars. Living the dream

[@stuartkennedy4570]

Plus a spare £200k in the bank just in case. WTF

[@Benchan108]

15k a month can finance 10 cars？

[@GP-uu2qe]

That’s cash lad

[@OriginalNoseBleed]

I think the real question everyone wants to know is whats your monthly spend on crisps?

[@lwebb7]

what are crisps?? what's that referring to?

[@tarmac1697]

L B potato chips

[@SikaFosaGond]

Bearing in mind all the expenses TGE discussed and his expensive taste in clothing - he’s a rich man, richer than Tony

[@doggies.will.be.doggies]

Tony is the richest one of them all.....like really, seriously, loaded.

[@matthewkuzek8499]

Or he is barely scraping by. Most likely just making it by.

[@nyali2]

@R A are you mad? He wouldn't get the car finance unless the bank considers him someone who can spend 20K a month on toys. That means he must have over 40K a month income as an absolute minimum. Or he must have a serious amount of cash sitting in investments at least the equivalent of his debt , one or the other... That makes him not an average earner.

[@nyali2]

@R A No me hardly :))) I am a professional, created operational systems for private banks, currently holding multiple portfolios for clients & managing over a 100+ Million group as a CFO.. but yes I have no idea.. unlike you ... LOL

[@ryang4548]

R A you literally have to watch about 12 minutes into the video to realise you’re talking waffle😂, not saying it isn’t the banks money, that’s exactly what finance is but to think this guy isn’t a very rich man is very stupid.

[@rafiki191]

Honesty + transparency + self awareness = good churn 👍

[@cooperSpartan117]

The question we all want the answer to is how do you afford all your cars and pay for crisps

[@michagarwolinski8270]

Hard work lad, it's all hard work.

[@danielmeijer3348]

cooperSpartan117 Dean is the richest.

[@respsoc4904]

He has multiple streams of income lol, really is goals lad

[@hearmenow909]

Do more than just a regular job.

[@TheKing-tl8si]

The most chilled out finance bloke ever......

[@SuperCozzaman]

Gone from the blue m3 to ten cars, madness that Tom

[@Chrissy-H]

TGE: 'How I finance my 10 car garage' Also TGE: 'listen to this advert y'all'

[@kayineson4220]

Honest, easy to understand and thank you for sharing. You deserve every car and redline I love that place! Darren legend he is. Thank you again and need to see you soon!

[@jackbimson625]

Peter Vardy BMW - M5 - £7500 down, 29k deposit contribution, £599 a month

[@RS63AMG]

Thank you Tom and Darren for being so helpful 🙌

[@collaks261]

Moral of the video: financing a car is a relatively new way to buy cars and make them more affordable, BUT you still have to put down hefty deposits (pure cash btw), keep up with hefty monthly's and be stable enough to be seen as a sensible person to lend to. Financing a car does not mean you're poor. It means you're using leverage to get into cars you simply don't have the cash for or you use your brain and don't want to lose £10K+, of your hard earned money, on the depreciation of a brand new car. CHAOS. Congrats, Tom on all the cars mate, thoroughly deserve it. Keep churning!

[@Drzee1968]

I think you will always lose the money on depreciation, otherwise who pays the depreciation? Financing a car is a way to drive a nice car that you might not be able to afford otherwise. It would be useful if TGE explained the losses as well.

[@TACITPROJECT]

Hope you are not serious about the depreciation, OMG...

[@collaks261]

@@Drzee1968 Depends on the car you buy. If you're sensible and don't keep the cars for long you might not lose much, if at all.

[@collaks261]

@@TACITPROJECT If you finance a new BMW, for example, you lose roughly 5K just from driving it off the forecourt.

[@driftincircles2168]

What happen to that f40 you invested in

[@TGE]

Funding goal wasn’t reached & we all got refunded

[@74aamer]

TGE TV I love your honest reply

[@beccac247]

Good detailed vid, love the chaos vids and the stuff with the pigeon but this was a nice content x

[@EnglishCad]

Always look at what you will get back when you sell the car. Never buy a new car always 3 years old, or more. That way you will not be losing more than 2k a year on the more mundane stuff as listed below. With PCP and balloons all you are doing is renting a car and having to put down a large lump to start with. 48 month deals are favoured by people in business because in business you don't want to tie up too much capital in what is basically a toy. Always try and buy the car out right. You might not get the super car of your dreams but you can still get a fantastic car. Serious fast cars can be bought from 15k up. Which you will own and have an asset you can sell if needed. Here are but some of the cars I have done exactly that with over the years. Starting with a 928gt, viper GTs, M5 , Bentley GT, 1969 428scj, Bentley supersports SL 63, V8 Sierra cosworth ( don't ask) M6 gran comp, RS6 740 bhp, SL55, plus loads of every day stuff, Porsche Cayenne turbo s, Range rovers etc. Never have I paid more than 1k a month to own a car outright at the end. I bet I have had as much fun in my cars as you will get in any 3k a month super car. Not knocking what this video is about. But save as much money as you can because you don't know what's round the corner. Time goes very, very quickly. You need to have a rainy day fund. Trust me it will rain at some point in your life. That 15k a month could mean the difference between having somewhere to live, or not.

[@craigrobertson7938]

Sobering to think that the total cost is c£180k a year and you could buy a 488 for that (nearly). Every year. You wouldn’t get the content etc which would harm the income. Key item perhaps is the balance between depreciating cars and appreciating cars like the pista. Would be interesting to know the net cost of running the SV as the purchase price and the sales price may not be too different.

[@Carls_World]

So basically, for the really nosey people. You're probably making roughly $100k to $120k per month to afford cars, house, garage etc. The great thing is you're a business owner and if your tax laws are like ours, you could run the cars through the business and write them off as a depreciation asset. Loved this video man!

[@MediocreHero66]

Although you took your time (wouldn't expect anything else), nice piece of clarity, financing is a great game if you know how to play and if you pay your bills! Good video mate.

[@jr4ff3]

Finances the car. Makes content from the car. Makes money from the content to pay for some of said car. You wise man TGE

[@m.allmark]

Been watching a lot of entrepreneur videos recently and apparently even footballers finance their rides. Like TGE said money is best invested in other areas as it will earn you more 👍

[@BenM-nv6mu]

Really appreciate your openness and honesty on this Tom. Peace and respect, Ben

[@damonkfist]

You are in a position where you can do it and enjoy your cars. Bravo Sir, haters are going to hate but that's their problem.

[@LA-fr7fx]

This was both an educational and enjoyable video - I've just subscribed and shall go back watch some of your older content. Thank you!

[@TGE]

Thank you!

[@360FAMOUZ360]

Interesting video and information. My approach to cars that works for my personal situation is too try and save up 60% of a car and then finance the remaining 40% over 3 years. Let the dealers, banks and the finance companies compete for the best deal for me for that 40%. I owned my first car outright by saving from 16. I then saved and sold my first car to put down 60% of the value of a MK7 Fiesta ST at 18 and then sold that and saved again when I was 21 so that I could put down £16k deposit on my £23k scirocco R👍🏻 this method works well for me

[@titor8017]

Is that a jubilee Batman on mr Gibson? Great content tge

[@bakedbeanzontoast9078]

Don't forget everyone "a finger of fudge is just enough to give yourself a treat" you youngsters probably won't have seen that ad....!!!.

[@spunkkat1721]

Great content, jokes & even Archie!!!

[@phantom2k10]

Mate the content you've been producing as of recent has been epic.keep it up lad

[@AppleTuttz]

''So much debt to the paint'' Brilliant!

[@awn7775]

Why not? I'd do the exact same. My hard work, my finances. You've got one life, live to the absolute, chaotic max

[@robdavis16]

Plot twist, this was actually your car! CHAOS

[@OJM129]

Very good video. Those monthly payments though!! Think I’d wake up in the middle of the night with cold sweats..... Darren clearly does a good job!

[@sabfit4life277]

Top vid Tom but you need to chill out on the outro music volume please! Nearly popped my TV speakers 🤣🤣🔥 chaos!🤣

[@digi051669]

I love your honesty mate. You are a champ.

[@b.e.nracing4774]

You can’t get much better than financing your car 😅 great video tge and I am really enjoying the content

[@amitpanchal_uk]

Excellent video as always. Appreciate the knowledge sharing. Very helpful.

[@meldrumbmx]

Glad to see the KZbin money paying for all those cars. Keep the ads coming 👍🏼

[@leedaughtrey7071]

What do you do for a living? Well over £200k a year like just on fun bits lol

[@apresmidi9534]

Hi Tom, any chance that you can talk about work ethic, how your day looks like, how do you balance between jobs (9-5, LDNM, youtube whatever you do)? Thanks

[@officialtanaka2527]

Apres Midi his already made a video on this

[@digi051669]

He's real good in creating these videos

[@ryancudlip]

Now then Mr Gibson, representing Northern Ireland my lad 🙋🏽‍♂️

[@LaRusso]

15k a month on cars and 16k a month on crisps, impressive.

[@lwebb7]

what is the term crisps referring to?

[@kevin5739]

Chips

[@jonathanbishop6996]

I feel like your idea of financing and my idea of financing are two VERY different things. But interesting and informative video none the less. May revisit this advice in 20 years time lol

[@hahabobblehead2059]

I really enjoyed this video. Thank you for sharing.

[@R50ysf]

Sad to see the SV go. If i were you i wouldve done the same after seeing that garage tour vid 🙌🏾 Continue sir you make my days happy

[@sputnikalgrim]

It’s funny, here in America were encouraged to finance, everyone has car debt. In debt for even the cheapest car. We get paid rubbish and have to.

[@vinnyvasquez]

Its not funny at all, its pretty sad.

[@R-Tap]

That's why Turo exists!

[@sputnikalgrim]

DJRICKYDEEUK the apr varies wildly, depending most on ur credit score. Ur score is determined by how much credit you, how much of it ur using, do you make all ur payments on time. Then there’s brand loyalty and dealer loyalty that might change it as well. On average if there is such a thing one could expect between 6 and 9% for “good” credit, exceptional credit might get you 3% and poor credit if it doesn’t disqualify you, you might be looking at 12% or more. Dealers run deals that might range from 0 to 1.9%, but that’s for “well qualified” customers. There are also subprime dealerships, mainly for people with terrible credit but need a car, they might pay between 20 or 30%. I know it sounds ridiculous, but not every state has great mas transit systems nothing like trains in Europe or Asia, so we all pretty much can’t exist without a personal vehicle.

[@sputnikalgrim]

vinnyvasquez agreed, I meant funny sad or ironic, not funny haha. It sucks trust me.

[@iconvlogs2110]

Hilarious looking back on this video. When I first watched it I thought "why he is vibing on this Lusso T so much?" Now its so funny to watch knowing the answer haha.

[@TGE]

😂😂😂😂😂

[@17IC]

22:03 had me dying 😂

[@Jezdx667]

Pressing 22:03 over and over sounds like he's robotic

[@ryanmorrissey88]

Yes finance is great. All his points about it are 100% true but everyone is different and your situation. I’m working on 35k a year, financing a 10k car is a good idea while saving my money. Rent free. I can pay off my car at any point I want but I’m liking the look of my account balance.

[@ryanmorrissey88]

If finance doesn’t work for you don’t do it.

[@MoreThanCars]

Darren. Known as the magic man!

[@stephenpeacock2627]

Agree with Tom better to put a car on finance and eg invest the money you’d have spent cash on the car into eg property.

[@Carls_World]

This was super interesting. Wish someone would do this in the states. The concepts are the same of course.

[@tonye2695]

Appreciate your honesty in video, tbh your financial affairs are your business, but I did appreciate yours and Darrens details on finance as looking to upgrade to an Evora.

[@tyco1996]

Before watching the video, I assume the answer is always circling the drain of potential crippling debt, and we love you for it #Chaos #Crisps

[@Melbournerider]

I can’t believe I watched the whole thing! That’s serious KZbin 💰

[@TGE]

Thank you 🤑🤑🤑

[@lovepajamas1482]

Thank you for working on your day off!

[@KevoC393]

Mr Gibson with the Batman Jubilee! Lovely stuff

[@Rooted-TS]

Love the honesty, big respect!

[@ruby.baker5]

Lad you looked so tired in the first clip of the video did you not sleep well that night? On your simba mattress

[@carltordoff1988]

Great video! Love the honesty. Keep the cars coming and keep creating CHAOS!!

[@watchesoflondon2333]

Really good....... informative and useful, and kept the chaos and yelp, yeap yeap....lad lad to a minimum.....nice one

[@MikeD-nu6uy]

Dude i really think this vid was top notch 👍 subbed

[@ravsinghrai]

well done for this video....and well done on your hard work....you deserve the cars you drive

[@lafayettejones7458]

Those are really low monthly payments, in the Netherlands a sv would cost closer to 5k with these loans calculations

[@Chukuman00]

@@wincrasher2007 wouldnt lease arrangement be better regardless unless the residual value is really low? Like even lightly used range rovers (eg 2,000-8,000 miles) are quite cheap compared to 0 mile ones, so even in this lease is better right?

[@thechancellor842]

Great video! Thanks for the input!

[@tontsyy]

I've financed my cars for 10 years now, but I follow my rule 'if I can buy it twice, then I can finance it once' It's a different and much lower league than you, but it's kept me in new S/RS audi's. This year Ive decided against the option of getting a gen 2 R8! But I'm 30 next year so I might change my mind and treat myself. Maybe in 2 or 3 years I'll make my entry into the supercar game, So long as things stay strong for me! (supporting my house, wife, animals come first though!)

[@AutomotiveMike]

You should go for the Huracan Evo!

[@pavsingh9098]

Very interesting. Thank you for your information.

[@robertely686]

In the UK we used to manufacture cars. Now we manufacture debt! Good luck and grab as many cars as you can before the ship sinks.

[@elizabethdorchester5307]

Many of the viewers are becoming jelouse rather than inspired and thats the problem. Are you aware hes shit hot at what he does . I remember i made my first 10 million at 21 and after the markets crashed i only had 400k left after taxes and legal costs . I was still 21 and i considerd giving up and being a average bum . But i said no infact i screamed it whilst very drunk while standing waist deep in a pond . The next evening i decided to set up a adult buisness and you guys will now know it as brazzers . I started it and sold it for 42.8 mil after taxes ect . I paid some debts and associate's and ended up with 34 mil which i invested in bit coins . I sold at the right time . Not perfect time but right time . Took 122 mill and bought into tesla and the rest is history . I cant say to much but i made over 600 mil in hard assets which means i actualy have that not just on paper . This young guy has potential because it takes balls to keep going and pushing it beyond the markers others set . And this applies to everyone . So you have one job well go do something on the weekends guys but with a goal in mind watch porn and buy a tesla lol ya ya i know many of you will think oh if hes got that whys he on you tube. And again logic would dictate its likely a lie but try to actualy see if your just reading what im saying or what you want it to say .

[@Carls_World]

I just punched my phone when you said Helloooooooo and I hope you felt it. Lol. I like watching you without you doing all that silly chit man. Keep up the good work minimize the yelling please, for us older people. Lol

[@ChasingGiants23]

TRUELY GREAT VIDEO. TKS HEAPS Tom. Loved it

[@Andyspirit-ig5lv]

Eagerly waiting for the how I financed my pigeon bird table next @tge TV 😂😂😂

[@GamingCornerYT]

Cars depreciate faster than anything, would be much more sensible to invest all the deposits into properties. I wonder how much money is lost through buying super cars etc Always think owning a vehicle outright is the best and makes it feel yours, many people who finance don’t treat their cars well as they know they just hand them back at the end and don’t have a real value on the total worth of the vehicle through ownership. Pcp is the worst deals where your basically just paying interest and owe more than the cars value throughout the period, HP is best as youll quicker reach that point where the value outweighs the settlement @00:24:41 don’t agree with saying the lenders won’t let you finance is not appropriate etc ... the lenders will do everything they can to lend, that’s how they make money through deposits and interest and if you fail to make payments etc they make even more money so there not all bothered about circumstances for the average person

[@TGE]

Sighhhh

[@GamingCornerYT]

@@TGE not hating I’ve just lost too much over the years on cars, currently haven’t got a car just a motorbike as saving up on what to get next but agree it’s best to not put 10-20% down and invest the 90-80% on something that generates an income to pay for the luxuries!

[@vinnyvasquez]

Interesting and a huge part of this channel because it enables everything on it, however for someone who isn't (how should i say this...) loaded, its pretty obscene and totally reckless to get into

[@jforjam4904]

Yess this is class

[@R31SSG]

Great video mate... love how much people hate on finance 😂.. if you can afford it then what’s the problem, even better in your case finance a car, make a couple of vids cover any money you’ve lost but still got to drive great cars

[@goodreason6462]

I thought TGE was baller with 10 cars until I realize Omi In A Hellcat has over 18 cars lol

[@tompog897]

Nero To the same value?

[@d1238abc]

Excellent video; I'll stick to my Dacia Duster for the time being.

[@anthonyboyle3999]

TGE TV I love your bmw m3 its a fantastic car

[@R-Tap]

You work hard Tom. Enjoy.

[@JL-mr1wl]

Thank you for the info. Very good vlog!!

[@seansean3765]

21 savage approves this video

[@lewishogg6650]

05:33 I think I would too if I owned that car 😂

[@Chukuman00]

what kind of investment pool offers 10-12 percent return though? I thought such percentages are way above the normal

[@mrtriple2414]

Returns or yields on an investment can be low to high, depending on level of risk. 10-12% implies capital is at risk. The ‘risk-free rate’ will be around the rate of inflation, such by lending to a sovereign. At the other end of the scale is my former field of endeavour - private equity. When lent to start-up businesses, they usually lose all their money! One in ten times, the business succeeds hugely and, in a short period (less than 5 years & some times just months) they can get 10 times their money back. Expressed as an interest rate, it’d be in the hundreds. So 10-12% is lower end of risk as the main risk of capital loss is default followed by seizure of cars which upon liquidation are worth less than the loan outstanding. If the borrower only acquires rare & desirable cars which have prospects of going up in price, then that is pretty much self financing.

[@mrtriple2414]

DerAnus True. I’m a humble Biochemist (U Surrey) who rather tripped over an opportunity to make a fortune late on life. I’m v lucky.

[@Viper4521]

We all know what happens when Tom says a car is alive and well.... bye bye F12! #yousaidthesamethingabouttheSV 🤣

[@bibo170]

Great video... but what type of fund is returning 12%+ p/a? Could you please make a video about this?

[@Sam-ChesterFC]

Nkb1991 Not that Tom stated this, but NO investment fund returns 12% per annum consistently. Certainly not in turbulent market conditions right now, globally but certainly not the UK. This bloke earns a shed load and must have substantial savings to take advantage of buying opportunities and takes advantage of ‘pound cost averaging’ i’m sure. If you ever see or anyone ever tells you they can guarantee you X amount of investment returns...tell them to fk off. It isn’t real. Its a scam. Lol.

[@bibo170]

@@Sam-ChesterFC That's what i'm saying, as far as i'm aware, unless you're super high net worth and are heavily invested in a hedge fund or some other types of volatile but high yielding investments, you're not going to get more than 6% consistently, AT A PUSH!

[@bibo170]

@@Sam-ChesterFC His KZbin earnings will exceed £20K/month judging by his monthly view counts, which will cover the cost of his cars, all of which are 'business expenses' as he uses them to make content for KZbin and are likely 'assets' belonging to his business as well.

[@ultra1obscene]

@@bibo170 i think 20k/month from youtube is ridiculously ambitious considering it is currently around 1m views a month ballpark. maybe losing the "0" would be nearer the figure.

[@TGE]

Not sure you understand how social media is monetised

[@brettgarbo4518]

Haha what a life you guys make about 30k or plus a month and spend only 10 in cars and super cars as well I live Trinidad for me to finace a base glc 2 litre engine that would run you $10,800 but at least we never face winter time it's always summer over here appreciate the simple things in life

[@victorthevloggerrr8127]

I love your videos have you narrowed down your options between your new car

[@albylive4473]

Great video. Care to share what percentage of your monthly income goes out on finance? This would help us have a clearer understanding on what may be affordable. Won’t be offended if not 😜

[@skenertv]

Do laugh when folk piss on folk for finance , if ur spending £15k a month on finance you earning serious coin to start with to afford that and well done 👍 , and can be better then having all that money tied up in cars as you said diff things work for diff folks , folk tend to piss on things they can’t afford anyway sadly . YOLO n all that !