Worst Automotive Financial Advice I've Ever Seen Printed

Article for reference. Way to go Huffington Post, giving people hope of financial ruin one exotic car at a time.
www.huffingtonpost.com/entry/w...
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[@JasonW.]

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

[@squeeze309]

bruh lol

[@nickmendez3707]

Jason Woods I doubt he financed it

[@MrErikw26]

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

[@codyscherer6930]

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

[@anthonygaleanosanabria3680]

Jason Woods 🤣🤣

[@RBeeMedia]

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

[@YaBoiiiNikki]

Old but gold

[@Dan-bg5fm]

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

[@RBeeMedia]

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

[@Dan-bg5fm]

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

[@Steven91992]

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

[@crisray6789]

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

[@Georgeliams]

crisray6789 LMAO😂😂😂

[@willcho7188]

crisray6789 you prepared to live in it? lol

[@nemesis91101]

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

[@dawicked2k8]

William Cao you cant turbo a house, take this L

[@iibadsportii690]

William Cao stfu punk ass bitch let him live his life

[@decarlocalloway01]

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

[@algiebrodnax1272]

DeCarlo Calloway 😂

[@beastbee0118]

288 months! Come on down!

[@thedukeofwales]

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

[@spakjoeXD]

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

[@F22C1]

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

[@spakjoeXD]

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

[@spakjoeXD]

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

[@trainman4763]

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

[@sminem6572]

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

[@strangekid35]

Kostas Sterling 12527 month finance is always a good option

[@MegaZsolti]

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

[@itswhitenoise9607]

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

[@mazdarati607]

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

[@tonunknown1]

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

[@JiuJitsuM4]

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

[@randomrichlife5256]

epic username

[@GK5_]

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

[@JiuJitsuM4]

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

[@XBlockAcah]

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

[@shitboxoffroad]

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

[@geob5562]

Inner G omg 😂😂😂😂😂 the best

[@SunTzu192]

Inner G hahaha

[@pelvicthrust119]

Inner G top ramen

[@RABZBITCHES]

look up woodside bank lol they do 144 month terms lol

[@GamerGee]

144 month financing. That's a damn mortgage

[@ftnppg1272]

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

[@NoNo-uu8mz]

Fake news😂

[@badluckguy2502]

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

[@chromaticskent7395]

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

[@superspeeders]

plenty of DVDs to watch over and over again.

[@dstein111]

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

[@sofakingtouge2399]

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

[@Swagijuana]

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

[@dltnellis]

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

[@thesolojourney8955]

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

[@chrishammer5925]

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

[@ShadowStarPSN]

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

[@FaZeredemption3]

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

[@555125kevin]

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

[@goldenskull2775]

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

[@wallstreetfox3]

144 months for swag. A great deal.

[@Berzerk29]

Holy shit 12 year car loan.

[@duncanbleak3819]

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

[@Josh-hr5mc]

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

[@Tpj4682]

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

[@vaiojoe]

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

[@APGT90]

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

[@vaiojoe]

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

[@APGT90]

vaiojoe Well that explains it lol

[@ryanpinzone9759]

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

[@JohnSmith-zo6ir]

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

[@Otterbruce]

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

[@redneckwithajeep5001]

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

[@syr72]

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

[@ashishpatel350]

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

[@syr72]

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

[@joshpickles9022]

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

[@lillexus5589]

' Hoes mad ' - Famous Dex

[@chrism1598]

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

[@MichaelBacon212]

Thanks for then good info Rob. Love your videos.

[@doofykouki494]

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

[@thecocooreo]

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

[@transbrake1688]

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

[@FadedBlanco]

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

[@urbanweekendwarrior7238]

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

[@Gideon_Judges6]

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

[@TheMrIVXX]

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

[@TheTardis157]

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

[@ExtremeDeathman]

They deleted the article. MEGALOL!

[@theshadowowl4196]

why is Jimbos car in the background?

[@SchaferTheRicer]

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

[@jimboooooooooo]

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

[@seang2221]

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

[@jimboooooooooo]

Nicer than the truck he drove over XD

[@seang2221]

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

[@frankmuhammad9660]

Great advise Rob!! Thanks!!

[@billythekid4793]

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

[@marketbreakdown]

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

[@dylanwakley2553]

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

[@HellGatefr2]

This is getting old.

[@birkenstockresouler]

I think you mean "ould".

[@curtisimo032]

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

[@pgtmr2713]

curtisimo032 Anything is better than stock C4 wheels.

[@jeffersongraves5295]

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

[@steyyJ]

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

[@mattcaligiuri4539]

spliff they're repops

[@crunch9876]

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

[@pr-jj6nc]

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

[@stangkiller1789]

Thanks Rob! Great video. Do you still play golf regularly?

[@steelbluesleepR]

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

[@westsenkovec]

It isn't called Huffington Compost for nothing

[@dm8867]

I am going to start using that.

[@Dreadpiratetrucker]

Great video Rob! DPT

[@benbaker3710]

Thanks for the heads up Mr. Spaghetti!

[@xJiox1]

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

[@alexhernandez-to5ls]

I'm

[@flyby7143]

I'm actually here before the stupid Mr spaghetti comments

[@raiden5452]

DJ Flyby but you just made a spaghetti comment

[@Wajjajagg]

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

[@narcoti]

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

[@rastraman]

Good advice. Thanks Rob

[@charliebusser4255]

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

[@SalmanC]

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

[@aaroncherry3562]

Thanks for crushing my dreams rob spaghetti

[@JERSEYSHOREBRAH]

Hey Rob I hope you answer my question but when you rent your exotic cars to clients, how do you know if they screwed up your clutch?

[@derekdok]

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

[@ThePunchBox]

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

[@cheddafaceboiii8252]

Emerson Smith he's done it so many times though

[@ThePunchBox]

when???????

[@lc6705]

hes done it in a few random vids

[@randomhero1797]

He's done it before

[@MiguelRodriguez-mj2ec]

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

[@tpm1717]

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

[@InvincibleRage]

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

[@AlwaysBeSmart674]

Wow never made it to my spaghetti dinner this early

[@jakkritpirawad7967]

Super mega))

[@-Zelo]

das a nice bagina

[@probablywrong8538]

Matty Rex I'm fucken dead lmaooo

[@squidwardshouse67]

Profile pic of the year

[@WBush-uc9pe]

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

[@plr4plr]

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

[@bradenhegemier5695]

YEET

[@hemipower3308]

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

[@giovanni9292]

I'll just patiently wait for a video on subprime lending and your thoughts on the current bubble.

[@GWilcox85]

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

[@Daviavo]

Good job jimbo for putting your car as the green screen

[@KINGOFOUTWEST]

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

[@AndrewJaws]

I'm so glad someone else says "Jesus Christmas".

[@GoronPikachu]

Just got 6 of these, never knew it was this easy.

[@MtnXfreeride]

This week Rob Spaghetti gives us a lesson on fake Spaghetti.

[@natesabyss5.086]

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

[@svldvc]

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

[@brendansjeffrey]

Mr Spaghetti doing a PSA on bad financial advice articles. Good looking out Rob!

[@aria8928]

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

[@Floordford]

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

[@jacobconnor2993]

Maybe rob could like make a video of what he's talking about worked for him or was he just talking about being able to shoulder the repair cost

[@bradluymes5066]

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

[@alexiocatan5602]

Need more videos like these😭

[@Raritytuber]

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

[@topflighttradingacademy4658]

smartest thing said here. Everyone else is a sheep

[@buzzsaw8479]

Super honest video 👍👍nice job Rob. Terrible c4 tho

[@nathancheatwood6315]

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

[@MrNomads]

I agree...great video and topic.

[@nicholasr79]

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

[@BlindMango]

As soon as I heard the words "Huffington Post" That explained everything to me lmao

[@daw162]

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

[@Onteo1]

Good info. Thank you.

[@stalinxxx22]

I liked the Jesus reference 🤣🤣🤣🤣 "hey, he can walk on water, go u got it 🤣🤣🤣

[@zeekdavis11]

As much as I love the content of this channel....I'm usually only here for the spaghetti comments 😂 another mint ass video from Mr. Spaghetti. Love this channel

[@Sonic6000WII]

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

[@khizar]

Is that jimbos vett?

[@WhoputhisXhere]

I remember when I was hunting for my first car this dealership wanted to have me sign with a 26% APR. Financing through my bank anyways just thought that was crazy.

[@johnskinner737]

Havnt seen superspeeders speed in a good while

[@daeshavvn]

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

[@dslynx]

Rob, I GOT THIS! **SPALOOSH**

[@MidnightRambler]

Huffington post.. enough said

[@TechnicalsMatt]

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

[@CaptRaccoon]

What car is that in the background?

[@wolfman2926]

Good advice rob👍🤑