The Checklist To Being Ready To Own Your First Exotic

[@ThatTurboZoh]

I’m in car sales myself and I’ve been telling people this for a few years now. I love this channel because he’s really telling the truth. Keep at it!

[@Splexant]

I always buys my cars 3-4years old, fairly low miles, negotiate very hard, 72mo finance, minimal depreciation = win

[@raptor21582]

While some of us are hacking leases and driving new cars at a fraction of the cost of the actual depreciation, I am glad you are educating consumers but don’t assume that all leases are bad. If done right they can be a great value

[@Touriz332]

There are a lot of assumptions here but overall great content. More people need to watch this and understand their finances but also the realities. The numbers don't lie!

[@thegreatpaulsmith]

Clean cars that are trade ins are controlled by the franchise dealer. Getting that Rover at $30k becomes very unlikely. Some chose to have a new untouched car for the extra money over 3 years

[@CALHOUNREALTYDETROITONLINE]

Great video! How do I get a 3 year old Range for $30,000?

[@pawelwisniewski6849]

Salvaged

[@mybruthaskeepa745]

Gr8 content! I'm kinda familiar with "residual based" financing (what it was called when I was a salesman for a local Toyota dealership) buying new. Never thought about using it to buy "pre-owned". The knowledge you impart is real!

[@ibrarulhaq5348]

Good content, how does car 'hack' differ from this?

[@DanielIles]

There are a lot of people that do want a brand new car and leasing is better since they can keep payments lower rather than paying for principle as well. They do lose a lot but to them a few extra hundred a month is nothing compared to having the newest car every few years. I would never do it but who am I to judge how multimillionaires spend their money?? 🤷‍♂️

[@allankozich4815]

That's the problem...who says they are millionaires. Millionaires do not ask how much per month only the people who live paycheck to paycheck.

[@drefhill]

That's the thing. Most cars are "sold" under leasing contract and the sellers make more money so they trap all the dumb people. And seeing who's the president in USA most people are dumb and easily manipulated.

[@misterliquidcity]

The one thing that interests me is the ability to even purchase an exotic car despite credit. Also what would you do if you currently have a car that is extremely upside down. Due to bad credit and high interest rates. I would imagine it is important to fix your credit first before diving into this.

[@crazy3rdgen]

I don't get it how'd you go from a 65k purchase price for a lease vs 30k for buying it??? Buying it 3 years later when it's done depreciating heavily? Isn't that common sense.

[@ProfaneEquinox]

Lexus especially. I found they have reallllllly good deals if you push a little bit.

[@juliomp769]

PJ, great explanation, however you left out the residual value of the land rover when you return it, then the number are totally different. Any comments?

[@abdullahelhashimy7115]

how about the service and fixing these cars after the extra one year waranty is over ?

[@Yo-qt2nu]

Brother am so glad and happy to have discover your amazing content thanks for sharing it.%%

[@jjborreca]

I'm listening to your tutorial on car hacks making money on high-end used vehicles. I have a 2020 Maserati SQ4 leased @ $1,089/mo, 36/mo term, $5,000 DP. What could I do, if anything, to follow your program and eliminate this car? John~ (PS: Your website comes up legitimate! No scam!)

[@1hard2findbro]

I understand the concept of what you are saying but you left out the lease return sale price on the buying side, down payment on the buying side and the cost of offloading a 72mo loan. All things considered buy new and buying cpo is better but not by as much as you are proporting. Also, people that can afford these cars want new. Not used. And the savings, overall, vs cpo, isn't worth it to them. Also what must be considered is the 2 to 3 year refresh that manufacturers are doing to new models to keep buyers buying new and the noticeable service/support discrimination against used car buyer like what's happening at Tesla. It's like buying new saves headaches vs saving money with cpo.

[@braveheart0199]

PJ, one thing to note is that when you decide to trade in this car, the dealer will need to make some money on it and so they’ll buy it lower that $27K from you. You can sell yourself but it’ll take longer and you’ll loose on taxes when purchasing a new car as opposed to trading in. So either way you’ll loose more than just 10% / yr.

[@ExoticCarHacks]

bro, come on. please stop spreading this garbage. Instead go learn something. Click the link and start to change your mindset.

[@Rexgf8]

In short, it all comes down to - buying a new car or 3 years used car. And most manufacturers do refresh after 3 years.

[@usmanahmad3106]

I don’t get how we break even if we have to pay sales tax on the car? How do we recoup that cost? In general, where taking a double digit usually with tax and some depreciation.

[@jordonpumpin]

So I’m confused. The left side (lease) is a brand new Range Rover. But the right ride (buy) is a 3 year old Range Rover. So what your saying is buy a 3 yr old car instead of leasing a new car?

[@ExoticCarHacks]

Yes. Buy after the worst deprecation has taken its place, and drive a car that's 95% as good for 10% as much net cost to own.

[@jordonpumpin]

@@ExoticCarHacks Gotchya Thankyou for the reply! You deserve way more views on your vids. Great info!

[@brian95240]

I am going to get the Exotic Car Hacks program, but, I am renting my house and the biggest auto loan is $25,000 (2018 Nissan Altima). I was in a desperate situation and the dealer said I had to buy new, since it had rebates and would offset my smaller down payment. What a mistake that was. I asked for a 3 year old car and they refused (as they pushed the Altima). I am a 1099 earner at $166K gross p/year. Do I need to have a mortgage first? Also, would the small auto loan hurt the process? I really want out of this new car-depreciation cycle. Thank you.

[@Gilamang]

You forgot the interest cost on the used car. It’s 3k + 1.5k per year. Obviously still better than losing your shirt on a new lease.

[@ashegheaty]

Didn't you forget the tax ? Don't you pay tax in Florida ?

[@lanresoetan9873]

I would buy rather than lease but this example isn't like for like. New/used.

[@drefhill]

Yes it's dumb.

[@JamesFort]

Great video my man! Need more content just like this. Will definitely be joining the program soon.

[@jbzachary5082]

Great video. Thanks brother

[@williamslade9699]

I just stumbled across this video after looking at the RR GHOST VIDEO 🙌🏽🙌🏽 good stuff. I definitely want to learn more

[@deerobbie2310]

Love this video. Great information. Thank you.

[@johnadams2933]

Still waiting for you to comment how to get a new gt3rs under MSRP as mentioned in your last video.....

[@glennpaul9173]

Do you have a link for your free course that is captioned for people who are deaf and hard of hearing?

[@vrsix95]

🤯🤯🤯 awesome knowledge brother!!

[@laspilaspuestas]

Nice. Keep up the great work. I went to go look at the Rolls Royce Ghost the other day in Anaheim Hills

[@Thebipolarachiever]

9:50 mic drop haha. Great video

[@wulabsofficial]

He didn't mention you have to pay sales tax on option #2 but not #1. 10% of $30K is $3k

[@dreday8540]

Live in Montana

[@gustavvanniekerk6267]

This is not an apples to apples comparison. The $30k lease option is based on a brand new zero mile car and the buy option is for a three year old car with miles on it. What you’re teaching us is that used cars cost less than new cars. Also, an $60k Range Rover won’t cost just $30k after just three years.

[@patrycjapiorkowska8763]

And how much accurate this is regarding to Europe?

[@drefhill]

Same thing.

[@williebender2561]

I still think leasing on the high end is better. Under warty better tax write off and better life of the car. A 72monty loan is a bigger loss and no warranty around that time.

[@drefhill]

And interest is bigger for 72months.

[@Ali.Ben-Hariz]

Very informative video. Appreciate it brother!

[@abi6681]

Insanely brilliant

[@ekladka]

Great video. Here’s my dilemma, due to my religious convictions I can’t partake in interest ie paying or receiving interest. Is there any exotic car hack loop holes for someone like me or am I just 💩 out of luck and just have to flat out buy the car(s)?

[@UncletonyC]

Good information, very helpful ! 👍🏽

[@allsportsexpert]

Are you comparing leasing a new car for 3 years VS buying a 3 years old car? Or are you comparing leasing a new car for 3 years VS buying a new car and keep it for 3 years and sell it after 3 years of ownership?

[@DrewHolmes]

Is leasing bad if I own a business and I am writing off 100% of the lease payment at the end of the year? i can afford the cashflow so that is no problem.

[@imactuallyHimtho]

The point is you don't retain ownership so you're just renting the car

[@DrewHolmes]

@@imactuallyHimtho Yes Ryan I understand that but your missing my point. I write off 100% of the lease. I pay $800/month for my BMW lease and I write off 100% of that at the end of the year. I like to get a new car every 3 years so I just give me the old one and get a new lease. Again I am getting 100% of my money back through my business in Pennsylvania. It has nothing to do with keeping the car I own my Audi Q7 outright and I am stuck with it in a way since its paid off and now I just keep driving it.

[@alastairc.5219]

@@DrewHolmes do you actually receive 100% of your money back (tax refund) or are you deducting 100% of the payment and thus reducing your taxable position (with an in hand benefit of 20% in your hand)?

[@fyuecd2]

Tax fraud

[@ltphilipg]

So do I. I write off 100% for my business. It's stupid to buy a car if you own a business UNLESS your business doesn't generate revenue. 9 to 5 people wont understand.

[@Samy_Rahman]

Class act.

[@nicksperry9936]

Owning a car is so much better than leasing a car. With leasing you can only have the car for three years. Also can't go over a certain amount of miles. Owning ia car s so much better. You can own a car as long as you want. Drive how ever many miles you need or want to.

[@ryandaly5699]

My mistake was getting fucked by my lender and them giving me a outrageous interest rate now I cant even insure it, fucking 11k deep and trying to just pay it off by the way I am at 18% interest love the vids cant wait to get this car paid off and maybe not get so screwed

[@fernandopulido4232]

500 per month hacking the Range Rover, plus the 3k for depreciation, that's 9k lost in 12 months, not 3 years. In 3 years those 9k dollars are 27k, vs the 29k for leasing. Not much of a difference. Something's wrong either with his math or with my understanding.

[@georgevnewman]

Dude! What are you talking about? You are buying a 3 year old car now! That is the difference! The difference is that somebody else was farting in it for three years!

[@aurorajones8481]

Thats great info for sure, my thing is i like and WANT new due to tech. Sure the design stays mostly the same for the life of the model say 5-10 years but the tech is usually upgraded every 2 years. Then add to that I want what i want and finding that used may be hard if not impossible due to all the black and silver cars with black interiors. Im like JESUS give me some color! Looking forward to figuring out how to buy exotic cause i am SE and i burned my credit getting where i am now which is paying cash for most of my shit. Im in the process of rebuilding my credit but it stresses me out thinking about financing a car knowing they are going to rape me over the coals. I pad my taxes to so it shows like 0 income but i can show loads of money in the bank and money coming IN to my bank. Ugh what a process.

[@aurorajones8481]

LOL @ rape me over the coals i think its rake but rape works doubly good in this instance.

[@charlesrobertson991]

awesome video

[@MrAleB305]

You should make more yt content like this but for the watch academy :)

[@TA-mz6pi]

You’re comparing the cost of a 3 year lease of a new car to 1 year of ownership of a used car. If you hold the used car for 3 years you end up paying basically the same as a 3 year lease on a new car + have to deal with the headache of selling the car at a good price and driving it the last year out of warranty. The only time buying a car ever makes sense is if you hold it for 10+ years. Unless you’re doing a car hack on an exotic which is doable but to me not worth the effort.

[@mitchvintage5754]

Second calculation should’ve been for $40,000 not $30,000. You already said frontline ready $40K?

[@goliath63079]

You are only counting depreciation, there is cost of maintenance, insurance, gas and mileage there is so much more in the cost of ownership than you are letting on. And if I only make 500 dollars per paycheck that is going to affect the how much car I can afford, you can't just finance any car and expect to make payments on it if the monthly payments are more than you make per month.

[@jimsealy2456]

I must have missed something because in the presentation he is comparing the Lease of a NEW car to the BUY of a 3-yr old car...this is comparing Apples to Oranges. To compare the Lease of a NEW car , one would need to compare the outright BUY of a NEW car to compare Apples to Apples, sop to speak.

[@drefhill]

Yes he is dumb. He is so dumb he hasn't figured he could get a bike for even cheaper.

[@michaelschofield5596]

All good, except he's not using an "apples to apples" example...If you buy the car new, as he is using the least car new, pretty sure the numbers will come out the same, because you get hit with the depreciation on the new, car then take off the tax write off and maintenance and see where you are..

[@laurenschultz9781]

Yes but I like new cars 🚗 instead of 3 year old cars

[@jeffcolmyer3644]

How do you people comment that this guy makes sense. He sounds ridiculous. I'm not saying he doesn't have anything to offer. This is my first time listening to him. But he misrepresented the 3k true cost per year for one thing. True cost would be 4500 a year. Plus everyone knows leasing a brand new luxury vehicle is more expensive than buying a 3 year old car. This isn't a hack this is common sense. WAIT a brand new car costs more than used one?!! Shocking.

[@raptor21582]

Great content! Few things to consider First, in the buy scenario you didn’t add the interest to the cost of the depreciation which would make the total to be $4500 Second, the dealer won’t sell you that car at full depreciation value unless you are yourself buying it after a lease return, they add CPO gimmick and jack up the price so your depreciation is actually lot higher Third, leasing a brand new car is never the same as buying the same body style 30k miles used car, the experience is what costs a premium but also the used car will have higher repair costs once that one year factory warranty runs out

[@joshuadalton7990]

How is he only getting $6000 only in tax credit?

[@jogmas12]

I never leased a car.

[@dlang1009]

What is the cost when new? Where you going to buy a 3 year old Rover for 30k? Too many guesses and assumptions here, The basic idea is good but not a realistic numbers. Your numbers are done to make your video look great, but not real world numbers.

[@duncanator9307]

You are god

[@minga007]

This makes Nonsense, Lease nuember you input are base in a New Car, and the Buying example in a car 3 years old, Of course the difference... just go and try to Finance the same New Range rover, and come back with Numbers, jumm🤔

[@lukeparrish2780]

No help 😁

[@DrewHolmes]

Its not writing off a percentage I write off 100% of my leases

[@rainmaker927]

A 100% write off is not 100% tax credit. His theory is correct in that part of the video.

[@drefhill]

A 3 years old car is not a brand new car stupid comparision. Not even calculated on same period.

[@johnnykaldani633]

Always pay cash. Never borrow money.

[@jyoungerification]

Johnny Kaldani only poor folks think like that .

[@drefhill]

@@jyoungerification no, only people who have no investments. For a car it's usually better to pay cash, if you can't then find a cheaper one.

[@carolinaquintero2592]

Either way You loose money buy cash

[@drefhill]

Leasing is so dumb but most cars are in leasing. I can't believe how dumb the people are.

[@vegasprogambler5336]

so buy used cars, not new cars.... wow. genius.