Why I Finance My $30 Million Collection!

[@TheHamiltonCollection]

Do you usually finance a vehicle or pay in cash?! what do you prefer and why?

[@abdoubelfares7732]

Finance is better cuz you can invest the rest of the money on properties or BITCOIN

[@thusmarshal8815]

Cash , I ain't got to worry for money and the cars I buy are mostly 16+ years of age and rare low production ones. So I get em cheap enough to make a profit in a few days even flipping. And cause EU

[@christoffasching3593]

Cash but austrian taxes.....RIP bank acc -.-.....but i like the :D about "Rimgodx smile" -> when EU :O :P !! Fuel ? -> this honesty is really nice

[@kevinbeaupre8925]

Financed my 2011 tundra because i dont have enough money to buy out right

[@ruststar]

I always finance, no tax on debt.

[@callyk5678]

Dam this guy is such a great guy. Absolutely loaded with f**k you kind of cash but creates content sharing his collection for no financial gain, gives to charity and is one of the only people I know of that is super wealthy that shows what he has, explains what he spends on and why yet doesn’t come across as he’s flexing. More like trying to inspire people saying look, I came from nothing now I have all this from hard work and you can do it to! What a great guy. Hats off sir you are truly an inspiration to everyone

[@Andy5c]

Exactly what you said.... down to earth genuine guy.

[@prestigious5s23]

What's hilarious is you could rock up to his car museum and ask him to drive his chiron, and incredibly there's a good chance he'd let you do it haha. What a legend!

[@TYLOTYLOTYLO]

Cool story bro

[@javanturnbull3418]

Facts bro is the best wish they did more content but I get it take care of that fam man only young once

[@KPSchleyer]

​@prestigious5s23 this is the way he can have a lot of these cars... non profit charity its a write off.

[@Vetteman372]

Takes a lot of balls to put out your stuff like you're doing. but that's why I watch you. You're honest. about what you do. and what you do is good for the community. You're not thinking of yourself. You're thinking of other people around. you around you. which is an A plus to me.

[@chickenj90]

God that was hard to read

[@Vetteman372]

@@chickenj90 Yeah, I do the voice to text. but I didn't. proofread this one.

[@erhand82]

Shout out for laying it all out and being honest about financing

[@SRF01]

This is one of the things that sets you apart from the other youtube car channels. You are completely open about where the money comes from and how you spend it. This is one reason why you'll continue to be successful and hopefully inspire the next generation to be smart with their money.

[@CommunistPilot]

Its awesome that you share your experiences and wisdom that is needed to build wealth like this. This perspective is super rare and yet here it is, for free.

[@dluu25]

Steve is the most authentic automative youtuber. No stupid clickbait titles and thumbnails. Very transparent, informative, and cares about people even though he is loaded. It is very refreshing compared to the other well known youtubers that we all know.

[@Avatarkyd]

Not very often do you see people with money making such videos of their monthly payments BUT then also being sooooo mindful of folks watching the video that would never be able to afford the amounts...Well done sir, please keep up the great videos (just came across your channel yesterday) 🙏🙏👍

[@DavidBcc]

Never say never.

[@PubieSaladx]

Steve you’re a good dude. Not only are you humble, but you’re transparent with all this stuff. Showing us what’s possible - true motivation.

[@LandscapeMaster33]

Damn man. Legit props. Self made success. I love that. Truly. Retiring essentially at 40 with abundance. You’re the top G for sure. 😄

[@stevenyia2778]

He not retired

[@LandscapeMaster33]

@@stevenyia2778 he is saying it pretty clearly that’s what his intension is.

[@Jobber_84]

the fact that you finance doesnt offend me, i personally love the fact you do that, mainly because not only are you financing future investments, you are also not shy to show them off and allow people to get behind the wheel of them, I bet there is NO one else doing this! You are a legend Steve

[@qwerty1994ize]

Doesn’t offend you? Lol who are you to be offended

[@joew8695]

I start my weekend every Wednesday off by tuning into see the latest video! Videos like this inspire me I was in financial ruins due to being a cook bringing in $150 a week for a year and half I have a Kia Soul GT line which isn’t the most impressive to others but to go form horrible credit card debt to a 735 credit score no co sign and 4% apr and now in a better job position I invest by bringing joy and happiness by spending a little bit every paycheck by adding wheels, Spoiler, defuser, cold air intake, interior trim kit, and making the baddest Kia Soul GT out there. I love your channel cause it brings to joy to my life by you as a person! Thank you!

[@coleauterman]

Hey Steve, would you ever consider making any business videos? Those would have SO much value in them

[@TheHamiltonCollection]

We’ve made a few!

[@Ben_9476]

Steve, thank you so much for the transparency. It takes a lot to put all your numbers out on the line, but it’s extremely beneficial for others learning about finances/cars etc! We appreciate you and your content 👏🏼

[@ZLAKLR20B]

I love it that not only are you so driven, and do it well, that you are so wealthy you can rattle those numbers off like its chicken feed lol oh and that you did so in the automotive industry. But more so, you share this for no gain other than the pleasure of giving to others, so many wins and awesome to see. Great to see people like yourselves, the FFF Collection etc sharing these awesome collections. Keep it up an the wise advice, is always great too

[@Prayingfortidalwaves]

This guy is “America’s dad” The way he gives us insight, the way he explains everything is just so humbling. There’s always a “why” to everything when he talks about things. God bless you sir! 💪🏻

[@toddyeager2352]

Great video. I hope people understand it and not try to trash you because of those numbers. I truly enjoy your candidness, and not be scared of stating these costs. No one ever discusses this stuff. Hopefully everyone understands, you’re free to make your decisions and what comes in and what your expenses are. If they don’t like it, then don’t watch it. Keep it up team, Great stuff.

[@ColossusFitness]

Great video man, and love the explanation. Couldn't agree with you more, thanks for sharing all that. Very few that actually would and are as humble as you are

[@bikerinbeta]

In short, it's a tax cutoff. This is a media company and cars are used for entertainment aka work. Their cost is tax deductible to a point.

[@AndreiJikh]

So sick! I love the expose, thank you for sharing! I'm becoming more and more of a car enthusiast lately

[@Wonderlaust]

No one cares FTX magic boy

[@Destroyer-Grizzly-BIH]

The rain on the Roll’s windshield is soothing as hell.

[@jasonhuofficial]

Love that you're open to giving out the details. Makes me realize how far away I am at owning a hypercar even though I currently own a few supercars already.

[@hunterraley]

Watched every video of yours in the last 2 years as I have worked on getting my business started. Your videos have been informational, inspirational and I really hope I get the chance to meet you one of these days after I am done putting in the work like you have to get where you are at.

[@Semnos_NSX]

Absolutely love the transparency that Steve provides and have watched every video created. Would love to see a segment on tax advantages/loopholes as I suspect the charity based KZbin channel is a win win for charities and Steve to a certain extent.

[@kylechristensen9914]

One of the best dudes. Dudes crawling in cash but understands and shows how lucky he is to have what he has.

[@mr8610]

Even in a CD that amount of cash would be $300k+ a year - insane what we love to splurge on

[@alstravinski8638]

You, Stradman, and Shmee are my favorite car KZbinrs. Thanks Hamilton Collection!

[@jayjones3254]

Same here, but I'd add DragTimes & LMR

[@shdesignco]

Steve, I’ve been watching since the very beginning literally video #1 and from the start you guys have been one of my favorite channels. I feel like a part of the family when I watch, and the content constantly gets better. Keep it up THC!

[@zarvanpatel7087]

this is actually blessed you're considering getting rid of the P1 and La Ferrari and the Stradman is considering buying one, it would be awesome if you and James worked out some kind of deal so we can continue seeing your cars on youtube just through another lens.

[@G82Jesse]

I pulled a loan on the entire $96K purchase price of my '24 M4. My friend and I pooled our capital to instead purchase a 5 bedroom house, renovated the interior, and we're under contract right now at about a 40% return on investment in just over 5 total months of work. Hell yeah!

[@R03333]

You and your buddy have the skills to do the work yourself or manage to get contractors in and still make a profit?

[@TooTurntConner]

This dude is a legend… such an inspiration

[@Sickwitit18]

Speaking facts. So many people say dumb stuff like if you finance something then you can't afford it. Every time we open a new location we usually finance it and put our other money to use/keep it in case of the worst possible scenario. But right now with these interest rates we are loaning ourselves $3M to open up our newest location instead of paying those ridiculous rates. Its the smartest way to make and keeo money, your strategy has to be fluid with the conditions of the market

[@chidiomeje8948]

Most humble millionaire!!🎉

[@ericp.semisch1058]

really appreciate your honesty and HUMBLE-ness, makes watching enjoyable. and more importantly how much u give back and do for community.

[@EddieE547]

dont know your whole back story. im positive you worked hard for years and now you deserve all this. you are not only a great guy but ill say you are a great human for giving back. "that's what she said", keep it real

[@calebkuhter8548]

It’s so damn weird watching the Hamilton collection in Naperville I have lived here for 20 years and it’s just cool to see a giant KZbinr in our town

[@TheChrisglasgow]

Good advice. I've always told my friends too do this but some still look down on people who finance cars. Doesn't bother me having that monthly payment motivates me too get out an work

[@Carson_Youtube21401]

its better to finance rather blow a large amount at once

[@donroxitheoverthinker]

in europe here where i live...u overpay every finance 2much..not worth it...maybe there aresome shit i dont know..but man i didnt hear about it yet. i wish there was some normal humanly options...its roberry

[@ifeawosika966]

The key here is that he financed cars that either retained their value or increased in value. A good example is the 918 and p1. If you finance a car like masarati, astin martin, some lambos, you will be losing money on depreciation with interest rates on top.

[@corail53]

Financing is where the dealers make their money and if you don't know what you are doing you will get fleeced.

[@R03333]

That's the wrong mentality, you don't want to be working off things you already own (especially something like a car). Smart financing is using funds to generate returns higher than the interest you're charged on the loan. Case and point 0% promotional offers on credit cards being used on something to generate returns or at the very least interest, it's free money.

[@jonstephenson6712]

Dude, you're so refreshing to watch and listen to, congrats bro, you're the man!

[@Exposertea]

@thehamiltoncollection is the most slept on channel on youtube million subscribers has been due a for a while 💯

[@FLAPPYMILKER]

Reppin that cboys merch hell yeah

[@tnasituning8173]

How about the SSC Tutaria, Bugatti Bollide, Lotus Evija, Aston Martin Valkyrie, Pininfarina Batista, CZinger, McLaren Solus GT HyperCar... Ferrari SF90 XX, FXX, Stradale, or Lamborghini Le Mans Daytona Hybrid, SC63, Terzo Millennio... And my favorite the Lambo Vision GT, which nobody can even drive... You should get a Superlite SLC kitcar just for the heck of it to compare... ALOT of people love their SLCs... I love em too (and the price tag to build one) Still love your McLaren Sienna GT an Porsche 912 Spyder...

[@hamza361]

Nice suggestions, you know your stuff

[@davidmiller3128]

I try never to finance a car. The actual cost of a car becomes far far higher once you finance it, and a true value calculation needs to take that into account. A $1M car financed for 72 months at 3% with 10% down means you pay about $85k in interest alone. So that $1M car ends up actually costing $1, 085, 000. And the current interest rates make this much worse (as you correctly mentioned). The only way financing a car would make sense to me is if the value of a particular car is rising so fast that financing is the only way to get into one before the values rise too high.

[@joser709]

What I love about this guy is how he started from the bottom, now he's here

[@Mark-WWE]

The most genuine and real automotive social media personalities on the internet.

[@mba9565]

Steve you are such a humble, genuine and great guy. You worked hard and now you are investing in yourself and your family. BTW Steve I think you need to get your Ferrari game up. You need to start from 812 or 296 or maybe Pista. This garage really need some more Ferraris

[@TheMinihockeystar]

I completely agree with this logic, but this such a total flex it’s unreal, all respect

[@Zepherian]

Yours is the right perspective, build wealth... to spend a lot of it. Otherwise you're just a slave to the money, instead of the money being a tool for happiness. It's an act of balance and shows a healthy mind and spirit.

[@impactdrifter]

The chevelles super impressive!!!!!

[@turbocateyeS475]

Considering a ram 2500 can be over $1000 a month, $125,000 a month for $30million worth of cars doesnt actually seem that bad. There are alot of businesses that have $130k put on credit cards they pay off every month and thats not as fun as luxury and hypercars. I always finance my daily, even if I have 2. Not only does it keep your credit up and help some business aspects but theyre always vehicles that can pay themselves off if sold back to a dealership and they usually make money. My last cummins actually ended up costing $0 because I bought it right before covid and sold it right before prices went back down. Project cars and fun cars are always bought outright because of how modified theyll end up being. Motorcycles I go back and forth on, depends on the bike. But Ive also bought a bike outright on a credit card and paid the card company back because the interest was alot less. Dirtbikes, ATVs and golf carts are paid in full but mowers and tractors are financed. The main house I live in and any office space or shop is financed but any rentals or extra homes are paid in full. All land purchases are owned outright just because its the best investment, atleast in my state, and theres a good chance theres oil beneath the ground. That all works for me and took awhile to figure out but through smart moves, a decent amount of luck and planning things out I retired a few years before I turned 30 without any financial assistance from family.

[@herodthegreat2709]

thank you very much for your insight kind sir!

[@HaydenBowles]

Love the breakdown! I've always been a cash buyer on cars, as the overhead on it just makes me enjoy the cars less. Wild collection you got!! Love it

[@alexgonzalez5815]

This is what you have absolutely done everything right in financial life looks like! I always admired this guy and hope I can be at his level sometime in my life!!

[@ExplainingFacts.]

And that’s how the rich people play the game kids, what an awesome and knowledgeable video, hats off to you sir

[@JustinTurnerman]

Your super successful. Good for you and your wife. Your the most down to earth guy. 99% of people wouldn't let anyone sit in there multi million dollar cars let alone drive them.

[@JackLister]

I work with my dad as a plumbing contractor and when we go to these hinsdale, Winnetka, wilmette, burr ridge homes, i see so many people have all this wealth and dont spend it on them selves, its so strange. Yes their house are millions, but they have generic cars, they penny pinch, they dont spend their money! So its nice to see someone say they rather invest in them selves and use it for entertainment and family after all their hard work.

[@michelfortier9563]

Being a numbers guy that put together a stock portfolio kicking out 10.59% annual dividend income and seeing it as my full-/part-time job, it's much more satisfying having your money working for you rather than you working for your money. My friends can't quite seem to understand this is possible. Listening to this video, it's pretty apparent you have it financially together.

[@tiagomaia3868]

good night. im 20 years old and have a portfolio like yours is one of my objectives!! can u tell me your biggest stock positions on the portfolio? thank you

[@mohammadtaha7479]

michael what stocks and crypto are you invested in?

[@michelfortier9563]

@@tiagomaia3868 I'm heavily invested pipelines, BDC's, ETF's that primarily hold MLP's. The market is on the cusp of rotation on the belief the Fed is no longer raising rates but rather possible decreases next year. I'm betting that may be mostly true and now buying companies that hold mortgage-backed securities. Those portfolios will "rotate" and increase in value as rates decrease. I still like BDC's that lend money based on first lien and variable rates. Cell phone carriers are think are oversold. Hope that answered your question. Oh, forgot tobacco. Thank God for our nicotine addicted part of the population.

[@MrSeanman30]

Want to make some more money? Manage a portfolio for me and I'll pay lol.

[@michelfortier9563]

@@MrSeanman30 LOL, how many have thrown that out. I tell everyone "you can't afford me"! Rather, I've taught several people how to systematically invest in dividend paying securities. Ever notice Buffett always throws out the public investing in ETF's but ever notice he only buys company stocks. There's a reason for that. And, I would never trust a stockbroker or financial planner.

[@JNHEscapes]

So I am nowhere near your level, but I am a multimillionaire and love cars so I have a serious question: how many digits is your net worth to be able to blow 30 mil on depreciating assets? As a finance guy, I could never spend that kind of money on something that doesn’t pay me to own it. Even mega wealthy I just don’t know what the number would be before I could literally say fuck it do whatever I want…your comments are exactly right too. I can see where you could reach a number where you understand you’re going to lose money, but you don’t care. Most people cannot fathom that mentality.

[@Alex-lo8os]

Thank you for showing the reality and cost of these dream cars. Insane amounts of money for us average folks. My dream car is the cybertruck, and I may be able to afford it when mine is ready in year.

[@marioremondino9837]

For me… Finance vs cash always depends on current retail price and the rates, along with my plan to keep it or flip it when there’s equity. On real estate, we buy land and finance the spec homes we flip.

[@chrisrstt]

I love that hes humble about it.

[@rumenstiliyanow4769]

$38,600 a month 🤯🤯 that's soo crazy... but hey, that's a damn LaFerrari man it's just astonishing, one of the best hypercars out there, a stunning beauty

[@NathanRyan...]

"it's gonna shock you" lol

[@JayCrenshaw]

Welcome to the neighborhood. I live in the neighborhood near ur new house (mine is on on the lake too). You’ll love it here. Lake life is the best. Nice little cul de sac ur on across from that tennis court house. Big fan of your channel. There are some other big collectors in the neighborhood. No doubt you’ll meet them. One is a big Ferrari guy….he has an Enzo, LaFerrari, SF90 and others in his garage on lifts. He has some cars stored at the local Ferrari dealer on display too. You’ll def be at home here (and safe / secure community). Look forward to saying hello when ur down here sometime!!

[@altheg]

Thanks for being open and honest about a world nobody would otherwise understand

[@ShiftyStans]

Very interesting.. but keep in mind the era of 2.5% on a car payment is simply not coming back anytime soon, if ever again in our lifetimes. Don't finance at 9% if you don't have the proper cashflow!

[@ericking9767]

Dude that Chevelle is one of the most impressive cars you have bud...if you ever need to get rid of it, I'm just here in Michigan...lol

[@CarterBuilds]

Thats awesome man as a business owner myself you deserve all of it brother takes alot of time to build even a small biz so why not enjoy what ya love and mine happens to be cars too !

[@386ontop]

This is the most underrated channel

[@GingerO762]

Sometimes I struggle to comprehend Steve’s level of wealth

[@kenmcintosh3705]

What a genuine guy, and seems very humble... Good luck to you Sir 👍🏽

[@OMGitsAndyI]

No wonder he so successful. He look and act so smart and know what he is doing

[@arhaanhundal8344]

I love the transparency, I respect it

[@Aktor2]

You forgot the payment on NEIN 18. You mentioned the balance and interest rate, but you forgot the payment. 😊 I saw that car at the Porsche party in Fulton Market. Beautiful car. 🏁😎🏁

[@0KOH0]

Can we please get another video breaking down how much money you have lost on cars over all like ever. Would be super interesting to know.

[@joshuawilhelmsen2489]

Love the life wide open shirt

[@crisdneal6061]

OMG…. I gotta see the Cadillac V when it’s there. I’m in Naperville. That’s my dream truck

[@cj41079]

Channel gonna blow up with these incoming cars......❤

[@GrantSimpson-z2t]

My wife and I were going to buy the house you went under contract on. We were coming to look at it for the second time and put an offer in the day you went under contract. Been a local to that neighborhood for years. I just ask if you do close and eventually want to sell let us have first crack at it. I have a couple classics if you ever want to cruise around Orlando or would like new friends in Fl we’d love to grill out and meet! God bless brother 💪

[@wyattpeavy1903]

I would love to represent you in the future for any real estate deals! I know the property you are under contract on, which is extremely beautiful. I live in the area and have to say I think you will really enjoy it. Great lakes and community.

[@rossmontreal4570]

Chevy Chevelle might be one of your nicest cars!! 😍😍

[@derek5698]

Can’t wait to see the p1 in James’s collection

[@grahampagano8825]

That was exactly the thought I had

[@James_Edward59]

Love the info, as a Realtor in California, I love hearing how others invest their time and money and what they invest it on. Obviously you don’t need any help from a no one like me but there’s a couple industries that are begging to be taken advantage of when it comes to investing that yield such a high return that most people don’t even consider or think about.

[@cpairking1689]

So can we stop by and see your cars any time? I live in IL and have family in Chicago would LOVE to talk about investing!

[@justinfrancois8783]

youre just such a cool person handle your business take care of your family and community

[@dylantolo]

I feel like a lot of people don't realize the importance of financing cars, if you can get a low rate your money can work so much harder for you than locking up your net worth in a single depreciating asset. I was able to get my car at a 1.9% and had a little side work rebuilding dirt bikes with no overhead, I was able to make a bunch of spare money by having liquid cash to fund my "business".

[@JDMjim97]

Love the transparency

[@christianboyajian]

Sounds like Stradmans new Hypercar will be the P1

[@Laguy211]

That is some golden advice Mr. Hamilton and congrats on the new home. 😎

[@josh_sulli985]

What advice do you have for getting out of debt while trying to fund for flight school? Hopefully looking forward to seeing you in Florida 🙌🏾

[@ghidraa9340]

For those that dont understand.. If you have 2 million cash and buy a 1 million you're left with 1million dollars. While buying the car straight means you no longer make payments.. You could better use 2million by investing in Stocks or Realestate netting you 12% annual return so 12% of 2million is a lot more money than 1million if you purchased the car cash.

[@Averageandy90]

I absolutely love the honesty in this video.

[@sburton4105]

Such great content! Love your transparency and focus on your family friends and personal happiness! Keep it going!

[@charliekuhns2832]

I love your story living the American dream you dont need to apologize for anything!!

[@stockey]

You're taking a big risk, with the incoming very severe recession, these manufacturers might go belly-up.

[@gen2-x364]

Cool video....love that Rolls. You going to give James a good deal on your P1?

[@malikroberts6724]

I love the transparency just subscribed

[@tyronecharizard363]

U and strand are my fav car creators just great people

[@sasukesuite1]

I have $100k cash and owe $39k on my car. Not going to pay it off any earlier than I have to because my car at 4.1% interest means I pay $132 per month in interest. Meanwhile, the $39k sitting in my 1 month T Bills at 5.36% earns me $138 a month after taxes and also gives me an extra 10 months emergency fund. So not only do I profit by not paying off my car early, but it also means I can survive longer if I lose my job.

[@NET-POSITIVE]

So, to balance out what you are paying in interest each month, you need to make 8 to 10% minimum.

[@rnp1785]

Now it would be nice if he showed all of us how to make that kind of money so we can have a car collection

[@atlantisfunktions]

you will have 10 million subscribers in a few years and you deserve it all!