The Massive Financial Consequence of my Koenigsegg.

Happy 2024! Thank you everyone for the years and years of support!

[@dixonman1000]

As an accountant myself who has worked in the tax world, the decision to lease is fantastic. Happy for you and congrats!

[@mrnohax5436]

does that mean people who drive it pay him to sit in the driver seat?

[@dixonman1000]

@@mrnohax5436 I’m not entirely sure what you mean but from a business perspective it’s a clever way to increase deductions. Typically most business owners can only depreciate their assets, which depending on the asset, can be limited. By leasing it, he’s going to be able to deduct much more because he’s expensing it instead of capitalizing/depreciating. There are less limitations and he’s able to deduct closer to the actual payment amounts than if he did a typical finance which would force him to capitalize.

[@TheShaddix]

@@mrnohax5436 He is leasing the car from the bank... Not leasing the car to other people.

[@airtimer2958]

​@@mrnohax5436 pretty sure leasing from a bank is the same as picking up credit. You as a credit user have the job of paying the banks credit back in equal amounts each month (depending on the interest rate). Its the same thing with leasing, except you don't get credit but basically borrow a car under the agreement to pay it each month in an equal amount to the bank. By the end of the lease, the contracts states that you have the full right to buy the car off the bank completely (at a cheaper price) or sell it (I think).

[@BoostAlmighty]

I'm also assuming being a house owner (a massive asset) helps with Lease Approval as well? Or is that for only when you Finance?

[@rhodripepperall3238]

I feel like a proud father watching everything he's done

[@grindertacos]

Fr

[@abdurrehmantariq889]

I feel like a proud grand dad

[@q9.sim99]

@@abdurrehmantariq889old ahh

[@I_love_Simping]

It was so awesome watching Stradman coming from living in a Audi TT to owning a Koenigsegg...Time flies man 😁

[@yugarten8523]

@@doseoflzr nice to meet you Cringe !

[@louisstapleton1889]

Investing in a luxury supercar can be an exciting but intricate financial decision. The value of these cars can appreciate over time, making them potential assets. However, maintenance costs and depreciation should be considered.

[@DerrickMansard]

Absolutely, It's not just about owning a beautiful car but also understanding the market trends. Consulting a car investment specialist or a financial advisor with expertise in alternative investments can help navigate the complexities and ensure you make informed decisions.

[@ginamarchisio]

I couldn't agree more. In my case, I've been eyeing a Lamborghini Aventador as a passion investment. With my current financial standing, I'm contemplating whether it's a wise move. Any advice on how to approach this decision?

[@demetriussullivan4088]

That sounds like an incredible choice! I'm intrigued as well and considering a similar move. Perhaps we should seek advice from a specialist in luxury car investments. Do you have any recommendations?

[@DerrickMansard]

I've been consulting with;

[@DerrickMansard]

*CHRIS RYAN STEWART*

[@sverresundby4821]

It is amazing how transparent James is. Its really interesting to be so involved with his cars and the journey. Love it!!

[@feederx08]

He seems full of himself

[@mikeaninger7388]

Ed Bolion talked about this once. Imagine five guys driving Aventadors to a car meet. One rented it, One owns it, One, finances, it, One leases it, and One borrowed it. In the end, they are all enjoying the hobby in their own way.

[@xletzyy]

Exactly. At least your in one. He's smart to do it that way he's paying less at the end of the day technically

[@jinni9957]

If you get hate for leasing, it’s because the haters are not able to comprehend the value of leasing the car. You’re an absolute inspiration to everyone, James.

[@Gurupimp10]

The only annoying part about this is that he can't talk in a normal tone xD How can people listen to more then 2min of him talking is beyond me.

[@tnails2397]

In VA the tax benefit for leasing is non existent. You have to pay taxes on full value of car regardless if you own or lease.

[@mr-js9is]

He’s broke. His past 100 vids have sucked. He’s not the same Strad, he’s gotten to bouji. He needs to grow up, speak and act like a man! Kid gets worked over on everything he pays to have done. Lease a Koenigseeg 🤦🏽‍♂️🤦🏽‍♂️🤣🤣🤣🤣🤣

[@Phongsakorn1997]

agreed, so much screaming is crazy man@@Gurupimp10

[@HappyGreenTea-rr8rm]

​@@tnails2397I live in VA Beach and I agree

[@printerfromheaven]

35.6K a month for a lease is insane, you deserve it strad! You out here killing it

[@keller8821]

probsbly made that from this one video. same video pattern from this guy. buys car, hypes it up, takes delivery, shows car, says its a lot of money, trades for new car, repeats.

[@miguelfragoso7023]

@@keller8821yeah and he con only do it to a certain point I’m guessing. You get to a point where there are no cars cooler than it

[@gerado9747]

@@keller8821nah 0 chance he made more than 20k let alone 35k from this one video. a good performing 2 million views video would make around 10k excluding sponsorships

[@davidhill431]

Thought he said 3.5k

[@ciufciuf6208]

@@davidhill431bruh its Koenigsegg

[@leehillon5095]

This is what I love about you Strad. Your honesty. I think it makes the channel a lot better because normal people can get involved and we’ve all watched you grow so much. I lost my Dad a couple of months ago so the video with your Dad is just like next level now. Can’t wait to see the truck once it’s done. Happy 2024 Strad! Lee from Yorkshire

[@prestanneff4383]

Realest KZbinr period. No bs, no white lies. Full transparency. That’s why we love Strad ❤

[@andrewforeman7873]

Came here to post this. And not only is he transparent, but his honesty is also teaching his audience small tidbits that could cause them to look into whether or not they could benefit from similar situations. Huge respect. And also - if anyone can hate on this, they aren’t listening to him - he literally got his dream car, got a tax advantage, and made it work so he can keep living the dream…. While he is transparent, he is not dodging taxes - and he will probably have a big tax expense in the future, but he’s playing the fair game and is planning for it.

[@sarcasticfishy2963]

Bahahaha, sure buddy, sure. If he didn't yell like a 5year old, maybe i'd take him seriously. What a joke.

[@shinobi3383]

​@@sarcasticfishy2963you are a joke no 🧢

[@airtimer2958]

@@sarcasticfishy2963 yet here you are, watching his videos and commenting...You do realize your activity gives him more exposure and money?

[@sarcasticfishy2963]

@@airtimer2958 no, youtube autoplayed onto this. wouldn't watch this if it was the only video in existence.

[@narainmanickam6209]

Don’t matter what the haters say, lease or not that car is yours. You’ve worked very hard for so many years, you deserve this. See you in the new year boss!

[@Hugglepuff]

end of the day they just buthurt as he technically as payments and fomalities are concerned the car belongs to him at the end of the day they hating because he now has like a 4-5 mil hypercar which they dont have

[@abgamers2861]

Lease what it is i don’t understand

[@bigdraco151]

@@abgamers2861look it up

[@tajemna99]

@@abgamers2861 He's paying for the car monthly and it isn't truly his possession until he completely pays it off. It is technically a property of the bank/leasing company until then. At least that's how it works where I live.

[@ethanpark7753]

​@@tajemna99no leasing in this case is just like renting the car. James doesn't and never will truly own the car unless he decides to take outright ownership. It's super cool though seeing how far he's come though

[@PD-28I-33O-8OOFO]

You're the man Strad! Can't wait to see you build your dad's truck. All the best in 2024 brother!

[@Southern_Flims]

it's been amazing watching this man grow and improve over the years even though I don't know him irl I'm so proud of him we love you Stradman congratulations 🎉🎉🎉🎉🎉

[@donmassey5212]

The fact that you took the time to explain the intricacies behind the financials around this purchase is amazing in its self. Stay dedicated to your craft and keep it up. Congratulations Brotha!

[@too_cool_cat]

Nice camaro

[@stingray52]

Having a $35,000 monthly payment for a car is is mind blowing, glad you're able to write it off on your taxes. Congratulations on your first Koenigsegg! 🎉🎉

[@Shlnigamii]

Thanks to us u mean. We paying it. Since we consume his content.

[@farlqx]

@@Shlnigamiiyeah.. but he’s still one of the most hard working people you’ll come across on the platform. It’s not like he sits inside and does nothing while getting paid

[@Shlnigamii]

@@farlqx for sure. That’s why I support him since 2017

[@MH_6160]

Simp harder bro… @@farlqx

[@NotyourKiNg1]

@@ShlnigamiiHere comes the haters

[@coleman9766]

I worked as a finance manager in car dealerships. Leasing is the smartest way to own a car if you have a business. Saves you tons on taxes. Very smart move sir

[@pancakes429]

You're not a car owner if you lease, as finance manager you should know that.

[@dakadakoperator]

@@pancakes429 Very common financial engineering. Leases have buyouts.

[@pancakes429]

@@dakadakoperator Leases contribute zero to the principle. To buyout would be like walking into a dealer and buying a used car. Besides the guy doesn't even have a title, how does that make the car his? He is borrowing the car by paying for depreciation to the lease company it's as simple as that. The guy is still successful.

[@ELECTRICEYEMEDIA]

You don't own a lease. It's a lease. LOL. Of course a finance manager at a car stealership will tell you that leasing is smart. Reality check. It isn't!

[@pancakes429]

@@user-qd5yg3fb9t You're a no-brainer.

[@r.holdaway5839]

Absolutely love this car and the stories/adventures you will be sharing. We are all living in proxy for stuff like this. These cars are so insanely rare. Bravo!!

[@mellomenace8810]

Isn’t this 100% what the guys at DDE do? It’s a brilliant way to save a ton of money on something so amazing. Way to go James. 🤙🏼

[@andrewscorner7139]

Yes, exactly what dde does for most of their cars

[@hdfofficial3954]

Not 100% they do lease some of their cars but they own quite a few of them….. ITS DDE BABY😎

[@davequag2795]

I don't think DDE is leasing all their cars considering how Many permanent mods they do. You can't twin turbo a leased lambo lol

[@mattdean1541]

It's a bit different in Canada but yeah, it's a smart financial decision. I lease a car for my business and it's a nice write off.

[@YZFMNY]

⁠@@davequag2795But they Twin Turboed a Ferrari f12 and then bought the car out after the stripped the hole thing

[@Jordan21952]

Who cares if you lease buy or even rent it. The fact it gets parked in your garage and key goes into your pocket is mind blowing! Congrats James!

[@Amateur2k]

true

[@slimjimaddict1397]

so real

[@patrickgodin5778]

well said my man!

[@johanw1163]

So happy for you dude! I'm sure you made those guys day by showing the car and revving it! That so fun! I'm from Ängelholm, Sweden and it really gets me going every time I see the cars out and about in town! Have fun!

[@mercerreilly6984]

I’m so happy seeing Stratman succeed in life it just makes me feel so happy and proud of how far he has come stradman hold on to that

[@masterplaiia]

after working for a while at koenigsegg, the one thing that i kept on hearing is that theres alot of customers that waste the cars life on letting it sit while we legit test them to the max to make sure our customers gets the best out of the car. thank you for showing people how to properly use a koenigsegg

[@D.BeMe1]

It doesn't matter how you got it. What matters is that you're pursuing YOUR dreams. The haters need to spend less time worrying about your ambitions and focus their attention on theirs. Congrats, my guy!

[@cfm_2711]

well spoken

[@craigparks833]

Thank you for sharing. That has always been my dream car. You taught me some game. Thank you. Been following you since the Gallardo day. You are inspiration.God bless you. Happy New Year 🎊

[@jamesjjb0075]

Hey, love your KZbin Blog. Thanks for the Financial knowledge. I'm almost 70 and I've Just LEARNED A WHOLE LOT MORE! Keep Up the GOOD Work. Tell All The Haters to GET BACK...GOD BLESS!

[@brandonurban9537]

I appreciate your clarity James. You are still human and you are not afraid to show it. I’m so glad I got to watch you grow. Congratulations!

[@kevinrojas5141]

Facts!💯

[@michaelmojica3601]

As a finance and accounting student. I can’t thank you enough for being so financially transparent it truly helps us think about buying not just cars but anything in a financially smart way!

[@FordMustangYT]

I'm also an Accounting major who is currently a Freshman at a University. There are a lot of things from this video that I learned about that will come in handy for my future classes and exams! Strad is not only an automotive KZbinr who was an Accountant in the past life, but he is also a teacher.

[@safersephiroth943]

Do not think he’s going to be able to write off the lease on his taxes. 432k a year to borrow a car you use in a couple of KZbin videos is not a business expense. There are limitations and there’s nothing ordinary about this. The rules on writing off a lease are complicated, but none of them allow for this. As you continue your studies, hopefully they’ll teach you some tax law. This is scammy bad advice tiktok has peddled and it will get you in trouble.

[@FordMustangYT]

@@safersephiroth943 Noted. Maybe there is something he is hiding behind the scenes. For the record, I don't even use TikTok, nor have an account on it because of the stupidity and propaganda behind the platform. I took everything from this video, but there is a very good chance you are right. Strad's financial institution may very well be bending the rules even though he says that the tax advantages are provided according to law. My University definitely teaches tax law for a fact in the upper years as I heard about it. The University I attend has a 82% CPA exam pass rate, which places the school 3rd in my state. I'll definitely understand all of this once I have more experience in my studies. I just completed my first semester in college, so I still have a long way to go.

[@michaelmojica3601]

What you think and what is fact are two different things. He’s abiding completely by the tax code he’ll use this car to make tons of videos which will make it a tax write off (not entirely)

[@safersephiroth943]

@@michaelmojica3601 nope. Not true. Learn the tax code. A lease can only be deducted under certain circumstances and making videos is not one. And you cannot deduct his. It’s far too high.

[@bluefire_gc]

Hey stradman, I’ve watched your content ever since I was 8 and I’ve loved your content ever since, it has been wonderful and i am very happy and glad to see how far you made it in life. Continue what you’re doing man! ❤

[@robbythescot9781]

Totally makes sense to do it that way, and when the lease ends you can buy the car to keep forever. awesome car james congrats. so glad to see you achieve this goal. Looking forward to a bunch of crazy videos with the Agera!

[@swisskristin12]

I live about 2 blocks away from the Stradman’s house in Utah. Whenever I take my kids to the park or baseball diamond near him I must admit I pull down into his circle in hopes to catch a glimpse of his cars. I am happy to say we saw the Koeniggsegg. I also got to see his Veyron last year. One day I’ll muster the courage to say hello! Our neighbors that have met him have only good things to say.

[@iammars142]

I'm sure he appreciates you respecting his privacy and not swinging by his home. Seems like he does so many meetups that your paths will cross over time.

[@kyftp-]

thats so weird.

[@venom5809]

And this is why people live in gated neighborhoods 😂

[@randomdude4304]

you guys hating on a dad just trying to make his kids happy is mad depressing

[@rickertonfickerton1268]

@@randomdude4304It’s not really hate, people should just respect other people’s privacy. This is kind of a different situation though considering they’re neighbors lol

[@XXxpro23xXX]

Proud of you James been watching for about 5 years and it's awesome to see how far you've come! Also I think the color is sick dude. No one has a Koenigsegg that color

[@thenamesPRINDLE]

Speaking for all of us +5 year subscribers 🤙🏼 love you Strad

[@_not_your_mom]

5+ years watching, his excitement driving this car is unmatched

[@venom5809]

It's a wrap, anyone with a Koenigsegg can have that color in a few days. LOL

[@PeopleRewind]

Love your honesty, I really look up to you bro, congrats!

[@vanisree9605]

It's really fascinating how strad ignores haters and works his way up. Strad, you have been an inspiration for so many and I'm one of them. Somebody oneday, I will also have a huge car collection and of course, a Koenigsegg. Your videos never fail to motivate. Thank you strad and keep inspiring us!! ❤

[@andrewscarsandfinance5345]

As a fellow finance & accounting person, I applaud the way you and your accountant worked through the financial implications of leasing vs buying the Koenigsegg. It was a smart move that will save a lot in taxes. Hopefully you also have a buyout option and a set residual value in the agreement to eliminate any potential issues when you reach that point. Congrats!

[@daviddraddy]

Appreciate the honesty in the video. I’m all for leasing if the numbers make sense. This must have been written to essentially be financing but with monthly taxes. Car is worth 2m, assuming 35k includes tax, he’s paying 32k a month pre-tax, or 1.5m over 4 years. Even assuming an insane like .004 money factor, that still would mean 1m paid toward the car, which would assume a 1m residual value. Assume the car stays worth 2m, he is paying 2.5m for a 2m dollar car, and can take a tax deduction of 1.5m over those 4 years. Assuming 10% sales tax, he would have paid 200k in tax to buy the car for 2m, so he’s putting 300k on top to lease. 1.5m of deductions would give…550 of tax relief assuming a 35% effective tax rate? So 300 grand incremental paid over 4 years to save 200 grand. Or it’s structure just to allow tax write of, with residual effectively zero. 500k down, 1.5m over 4 years, 250k residual or something like that. That could make sense as well.

[@Suko44]

⁠@@daviddraddything is the car won’t stay worth 2m is will continue to go up

[@TheSiteKing]

@@daviddraddy As I've seen on previous videos, this car is worth around 5 millions, unless the owner made a better price for him.

[@manganvbg90]

@@TheSiteKingno, its the Regera thats 5 million. not the Agera

[@turbot_]

I want to know the purchase option as well. Leasing an asset that's appreciating is definitely not the typical scenario.

[@JellyLancelot]

What I love is this comment section is always one of the most supportive and wholesome places on the Internet. It’s just incredible the community that he’s been able to foster, love you all ❤️ it always makes me want to watch as it’s all just so happy! And strad is always so detailed about the finances too, so interesting!

[@lincolnmarklt]

Lol KZbin deletes any comment but positive garbage

[@juandupreez2729]

Congratulations mister Stradman im truly jealous and happy for you love the pink wrap on the car cant wait to see what you have in plan with the car .

[@arnavaoi4603]

Hey man. Its awesome to be owning such a car like this. The color looks amazing in my opinion. You are fulfilling a huge goal! Good job with the Agera HH!

[@MikeLowrie100]

From a business standpoint leasing is the way to go. I work for a company that leases all their vehicles over a fixed term then buys them out when the term is done. Proud of you strad. More DDE colabs in the future please.

[@paisano316]

Do the previous lease payments count towards the purchase price? Is the purchase price the FMV or is it at a discount?

[@aggakagandauff]

​​@@paisano316that's what I want to know. It wouldn't make sense to pay millions in lease payments over the years only to pay the value of the car (5mil) to buy it out after leasing term has finished.

[@FriendlieGhost]

I hope I speak for all of us long time fans when I say; We’ve been waiting for this day for so long. We knew you’d get there Strad. I remember when I found you, your first video in the first Lambo. What a wild ride of up and downs, true transparency. We appreciate you being a real one.

[@jamiethompson4167]

you speak for me.

[@baked_panda_bears225]

I am so proud of you man you have come so far keep up the hard work we all love you❤️

[@chrismckenzie712]

New follower! Love your energy man. Congrats on the car. You deserve it. Seems like I need to open a business and lease luxury vehicles as company cars for the tax advantage. I learned something today thanks to your video. Keep up the great work and content

[@squished1879]

Thanks for being so open about the finances. It's obvious that one of the reasons you've been so successful is that you've managed the business side of things extremely well.

[@ezrabarides4278]

As an experienced tax CPA , you did a very good job at explaining this in layman’s terms. I agree with you, in ur scenario it makes much more sense to lease vs buy it in cash. Kudos to you and your accountant for thinking in advance.

[@meeragray7441]

Burlacher? Lol

[@safersephiroth943]

It’s a shame he thinks he can write this off. There’s no way the irs is going to accept a 430k write off for a car used in a couple of KZbin videos. A lot of tax law ignorance is around here. Need more cpas speaking out against it before they find themselves in the middle of an audit with a massive tax bill compounding with interest and late penalties.

[@1936chevypu]

@@safersephiroth943 ok genius. His business is making content the car is content. Making money then it’s a write off. Same as a construction company having a 2 million dollar bulldozer. All my vehicles are leased other than my truck that’s over 6k pounds they’re all write offs. I take it you don’t have a business LLC or have even leased a vehicle in your life. Take your w2 and do your basic turbo tax refund and cry. Maybe watch one the 1000s of KZbin videos explaining this to you on your lunch break and get educated on all the things you can write off as business expenses. 😂

[@safersephiroth943]

@@1936chevypu wrong

[@safersephiroth943]

@@1936chevypu comparing a passenger vehicle to construction equipment is where you done fucked up a a Ron. They’re not the same thing in the tax code or reality.

[@Oscuro74]

Always love the honesty from James

[@jasonaune6889]

Stradman thank you for being so open and upfront with all of us. Congrats man. It’s your car bro. You do what ever you want and get the vids comming bro.

[@MrHushCrush]

No one has a better idea about leasing or paying it on cash than you James. You have come a long way, and you know what’s best for you.

[@adriangarza3541]

You don’t have to justify yourself James, we all trust that you make the best decisions for your business

[@rhddc2]

He’s proven time and time again that he doesn’t make the best financial decisions. Look at the house. It’s not even close to being finished yet here he is paying a $35k lease

[@lmpactic]

@@rhddc2It’s a business decision to reduce his business tax liability. His house isn’t his priority anymore it’s his cars / business

[@Espikay]

@@rhddc2 that's what I was thinking, but I am sure James has something planned out to finish his house.

[@CMH_1975]

​@@rhddc2what's not finished? The bat cave and basement? I'm sure he has plenty of room for himself and his dog.

[@corail53]

@@lmpactic Except he won't be legally able to write off that much as such an expense. If he writes off 35k a month for a car as a business expense he is going to get a pretty big audit from the taxman.

[@FaZeKILLER_]

really wish you the best ive been watching you for a while and wish you the best

[@who_ghost28]

I must say its my first hearing this beast nor any of the koenigsegg ever i will say im in love with it❤️‍🔥

[@Romanrothmanphotography]

it’s so awesome to see stradman get a veyron and an egg! Well deserved and congratulations 🎉 you are now a proud member of the ghost squadron

[@michaeltaylor4271]

Pretty sure the veyron is sold.

[@yumnaali4223]

As in he used to own one (the veyron) and obviousley the veyron is already sold

[@Shreddah]

I'm an OG subscriber, and I'm not using that term loosely. Been here since 2015, and it's been joyful following your journey. I remember people criticizing and giving you a hard time for financing the Gallardo, and look where you are now. I expect that most of those people, these armchair experts, are still living the same mundane lives they lived back in 2015 - so much for that expertize. I think you still are perfectly able to make the most sound economically decisions for you and your business.

[@ZarcRoblox]

i love how transparent hes always been, i remember watching the videos where he would break down step by step how much his gallardo had cost him after 6 months, 1 year, etc etc

[@kristiwilbun18]

Damn your cool

[@bshingledecker]

I think I was a pre 10k sub. I could tell this kid had the drive and passion along with the personality that would click with everyone. I do miss the ski box though.

[@Wojack-01]

Bro you’re basically the stradman wow can I hold your hand

[@bobbyaxelrod4153]

We’ll said 💪🏼

[@10jinroh]

The guy in the Mini/mom van was loving it rev at the light.

[@ivanko80]

Wow love how you explained everthing, and that you told US you are leasing it. Greetings from Sweden ✌🏼️

[@sandalphoncpu]

Leasing for business expenses basically opens a door to new possibilities. Now I can’t wait to see what other cars or hypercars you’re going to get in the future without having to sacrifice the Agera

[@notdivinium]

Its so great seeing the koenigsegg next to your dad's truck, its just a great way to show people where you started from and where you're at now

[@GuitarExpress]

I remember watching you when you were living in the TT, now this. Unvelivable man! Congrats!

[@Iron.Monkey]

Dude... Outstanding. I love the car the colour and your channel. Keep rocking.

[@robertw5167]

As a business owner, we definitely look at things in a different light than someone who has a 9 to 5 job everyday and has no write offs. Good call James.

[@twotwolow2343]

For you paying taxes definitely see different light but ordinary people works for money may not see any light on leasing 😅

[@sergiolandz6056]

And without those 9-5 workers your business would not happen. Be humble.

[@safersephiroth943]

It’s a shame this isn’t a legitimate write off. Oh wait. It’s not a shame. It’s common sense. No way in hell he’s going to be able to write off almost half a mil a year on a damn car. The irs will not accept it.

[@buildingAbiz]

I don't know how anyone could hate on someone who can afford to pay $35k per month to lease their car, quite amazing! Congratulations on your success 🥳 I have been subscribed to your channel when you had about 100k subscribers pretty amazing to see the growth you have had!

[@JamesJones-gj1ii]

Probably because it’s a giant waste of money.

[@INDIANBEA5T]

​@@JamesJones-gj1iinot a waste of money. Rare cars go up in value. It's to save on taxes

[@frusenko]

Having money doesn’t somehow make you above being able to be criticized. That’s ridiculous. But James doesn’t deserve criticism for leasing the car. Sounds like it’s the best option for him which is all that matters in this situation

[@JamesJones-gj1ii]

@@INDIANBEA5T he doesn’t own the car. Any increase in value he doesn’t earn unless he buys the car outright. The guy has worked hard so props to him but he is a financial disaster.

[@dr.k7111]

​@@JamesJones-gj1ii You can still purchase a car that's leased, which he has stated in this/his previous video is his intent as of now. In a way, you can compare the end picture to something like traditional financing, the main difference is how long you'll be making the payments on the car. If he doesn't want to compromise cash flow, paying over time is a superior decision, as buying it outright immediately could put him in a worse-off position if some other huge expense follows closely after.

[@jisble18]

Congratulations, I think you have 100% made the right decision.

[@colesyAL]

that specific koenigsegg has been my dream car for years and years its nice to see one being driven for fun and the happiness hes getting from it, very wholesome

[@IxDEVOUTxI]

Saw you yesterday and I WANTED to turn around and get a better look but I couldn't do it safely! I was sad the entire day! First time ever seeing one of my favorite cars in person. I hope you bring her out to an event that we can all come by and see her in person!

[@TheStradman]

I’m gonna drive her all the time! And definitely will take her to a few public events and I’ll announce it ahead of time

[@Kevins93cobra]

@@TheStradman Exotics on Broadway, car week, 2024... just a suggestion. :)

[@EDV8ZR1]

​@@Kevins93cobra And I Hope James Brings his Drone also for a good Aerial Shot.

[@supercarsofwichita9485]

I like hearing the financial side of things when it comes to owning these cars, James is definitely very well versed from his previous job

[@renoboyy666]

Amazing vid. The outside shots where on point. Congrats!

[@themichaelgabriel]

Congratulations 🎊 👏🏿

[@quesadajose7380]

shout out to you guys in the comment section. it’s good to see everybody spreading positiveness and also congrats to stradman for building the best fan base in the history of youtube, in my opinion. love u all.

[@jaymo9085]

Good vibes only, right?

[@CYBERBOIUK]

Honestly, the biggest shocker I have had was a meeting with my accountant that told me to not buy a car cash, and to finance it through the business. Saved me thousands, and when I have attended car meets and people have always said stuff like "the bank owns your car" I just laugh it off. Anyone has the potential to make money and effectively become rich, but the ones that stay rich are the ones that are smart with money. Look at the majority of lottery winners, they end up broke after a few years.

[@nikola11041992]

Amen. Whoever didn't work his butt of for the money he/she ownes they don't know to respect it. Respecting it leada to smart spending leads to having even more.

[@TruthHunter635]

Good portion of lottery winners become broke because of there mindset definitely. Spend fk ton asap and flaunt with the best shit without proper investments.

[@twotwolow2343]

​@@TruthHunter635or paying it fast 😅 i mean you can take the money else we're and make it double then pay the car every month instead of pay it in cash

[@venom5809]

I don't believe that statistic at all, I have two friends that won the lottery years ago and they very much still have their money. I know several pro athletes also and they have their money too. Maybe in the old days this used to happen but much less so now.

[@stevememc8160]

Since English isn't my first language, and as a guy that barely understands anything about finance, this video couldn't be more mind bending 😅 But as a long time subscriber, and as a part of the ghost squad family (I mean as a big fan of the Eggs 😅), I couldn't be more happy with your achievement, you transparency and your positivity my man James! ❤

[@TimExoticCarFan2323]

SIR STRAMAN RULES !!!! CONTINUED SUCCESS TO ONE OF THE BEST !!!I IVE WATCHED THIS AWESOME AT LEAST 5 TIMES NOW !!!

[@bfig6482]

Strad is the man. Amazing to see how far he has come and how much he’s accomplished. Super inspiring!!

[@staychrispy91]

This guys getting new HyperCars every week when he should be restoring his dads truck

[@emoneyalb]

I love you stradman you make my days better.

[@samijoemansour5892]

Looks amazing! You do what you gotta do with the lease or color... who cares about what anybody else thinks. Congrats 🎉

[@TheConfuzed1]

You made the right decision. Leasing that car is the right way to do it. Way to go James… I’ve been following you since you first got the Gallardo. I don’t recall exactly how many subs then, but I want to say it was between 20-30k. You’ve come sooo far in that very short time! Hard, persistent work, has really paid off. Don’t change anything. Keep fueling the haters and keep blasting into the stratosphere! One day, you’ll have another Bugatti, a Centenario, AND the Koenigsegg. 🎉

[@vidoru]

So proud of him, been watching him for the last 7 years

[@Dadandtheboys]

I love it 🙏🏻👍🏻 as a enthusiastic petrol head, it just makes sense 🙌🏻 god bless you mate

[@totallyrandom3610]

The adhd of this guys is crazier than the car hahaha

[@mjl3037]

As a 54 year old, and making my second attempt at a side business while working a day job, your financial wisdom is appreciated. You and the DDE boys are insparational. Keep up the good work!

[@josephb1657]

That’s why James has been so successful and continues to be. What a smart financial decision instead of jumping right into the purchase, playing the long game 👌🏻 what a beautiful car! So glad you didn’t let it get away!

[@UltimateMixing]

I don't think I've ever smiled as much as I have been watching this video! Congratulations, I remember when you got your Aventador and got those white rims haha

[@rsj_media]

The color is amazing! Will not get old!

[@theayushman2909]

I love how u always tell us about the financial figures and never lie to us. Keep it up man, u deserve it. It's been a long road for u,I'm glad it's all paying off ❤️

[@SaiduKalale-hl6ds]

James you've achieved so much and you deserve it❤

[@dandan9080]

35k a month is crazyyyy I hope ya keep it forever mane, best of luck 💪🏾

[@cabeza528]

Great Video and Great info Congrats on All the good things You have achieved 💪👌😎

[@HassamAzim]

Yeah great content

[@Zanoviz]

Massive congrats on the egg, it's crazy to see where you started and where you are now, the journey is the most important part and the outcome is very well deserved. Everyone starts somewhere and its up to you to paint your success. Again Massive CONGRATS STRADMAN

[@Ben_9476]

I’ve always really admired and loved James’ transparency & honesty! It’s also really interesting and educational learning about how taxes/leases work, something you don’t get taught in school!!

[@camgaming3772]

Congratulations 🎉🎉

[@demonic7924]

I am 17, and watching you is so inspiring i absolutely love cars and i would give endless work to get my dream car! right now i am trying to find something i can do that will make me extra money so i dont have to work a 9-5 when im 30

[@archiemacintyre7026]

One of my favourite things about James is how honest he is, congrats man and I and many many others are so excited to see what great content you will make with this engineering masterpiece!

[@rsbrsb2016]

Never been more happy for someone, congratulations man. Very well deserved and massive W for your business longevity.

[@ma7xr]

@Repent-and-believe-in-Jesusnuh-uh

[@mauricemcghee834]

It's the smartest thing ever i learn this early from my dad to always lease. Unless you really wanna keep the car and ready for the upkeep of the car. Many people who cash out on car's tends to hate it. Smart move sie

[@joelcs58]

You do You bro I'm EXTREMELY PROUD OF YOU! THATS BEING SMART❤❤❤❤

[@Kmurrproductions]

I’m so glad you give us the raw emotion of what you’re feeling going through all of these accomplishments and goals reached truly inspiring 🐐

[@sksmokes]

always loved stradmans transparency with all the matters that pertain to realistically owning a super/hyper car. glad to see him with his dream car

[@gingey_YT]

I love the colour. I think it looks amazing

[@LamboDadd]

The pure joy 🙏

[@doggofv]

Watching you go from homeless to owning your own koenigsegg has been an amazing journey and you deserve it. Glad the internet made the right person famous

[@SavageDream7934]

Honestly, I’m this day in age. Do what’s best for you financially. So excited for you. You deserve this

[@vincerodriguez3189]

Brilliant! You've got me inquiring about the tax deduction as well!! Thank you!!

[@WhipstrTV]

Congrats Brotha! Soo Happy for you!