Have to agree. I've been a fan from Car Wow and only just recently started watcing his own channel. He's load and brash but that's just him and it's not in an annoying way for me anyway. He's does seem honest and geniune. Not many people would be so open about his personal finances and expenditure.
@@Soulfinger73 Yeah he seems like a decent guy tbh - you won't find any people of similar standing to him openly discussing their finances. Most of them would just pretend they've paid cash for their cars ;)
I don't usually comment but I just had to applaud how not only did you educate but you did so with so much humility. You could have stunted, bragged and even exaggerated but you didn't (or at least I didn't get that impression). Mad respect.
I used to watch him when he had around 50k subs, he just did videos about wrapping cars. I stopped watching him at around 100k because his content changed and I didn't like it. I do like this video though.
Can't help but like Yanni.. he's worked hard, made a success of his business.. he didn't ever need to explain to anyone what he does when buying his cars.. yet here he is.. Nice one Yanni top bloke 👏 👍 👌
Such a detailed and honest breakdown of how you own so many cars. More YT’s should do this instead of pretending. Don’t get the BMW though, unless it’s being ran every day that’s a waste of your money.
Extremely clear and well delivered. I like the fact you also explained the "personal circumstances" aspect, incl. social media influence, breaking lease terms, etc. It's not all about the counting the pennies. The visual aids were also especially helpful. Great, clear video. Absolute textbook - well done, and thank you for keeping it real!
Thanks Yanni! Love the honesty and the “don’t worry about other people , worry about yourself “ part. People think once you are an influencer it’s all champagne and unicorns 😂.
love the transparency and honesty! how many people on youtube would honestly say they've taken an L for a few grand? Not many. This info is really cool to know so thanks
This is the Realest I've seen an "influencer" being. He is basically giving free financial advice. (PS, I know he's more than an influencer, im just referring to him in his capacity as a youtuber)
His financial advice is what?? He is claiming he makes money from owning these cars. That is terrible advice for normal people. Normal people don't get 'influencer' or VIP deals, and don't get sweetheart deals on $30k bodykits, etc. Lots of cars will depreciate %35-50 over the first 3 years. A $70k BMW will drop nearly 50% in 3 years. So buying new cars constantly is a stupid financial move. And he fails to explain the balloon payments at the end of his finance deals.
I pressed the down arrow of my keyboard while cleaning it, the page scrolled down and my eyes locked on your comment at the same time this guy was saying what you wrote :D
Its so cheap its true.. Me or you if we go in BMW and we want to lease this exact car .. we will prolly get like atleast 900-1k a month and THATS A LOT for 12 months
Hire purchase is also a type of finance ! This allows you to pay a deposit pay monthly but have no balloon payment at the end. Premiums are usually a bit more, however for most “cheaper” ever day cars this is the most common option where you keep the car at the end of the term! Great video yanni keep it up !
I like how honest you are, it's like you're talking to us as a friend. The transparency is real & I LOVE IT! I feel like if you make a video on how to invest in cars and know whether a car is a good investment or just to lease it when you buy your next car, it'll be so good and educational to give advice to the young entrepreneurs out there.
@Henrik but if you're paying monthly you wont have any "extra" to invest? If you buy it outright, you save 300 a month that you can invest, which will cover part of the depreciation on the car
_"Try not to worry about what other people are doing and worry about yourself."_ Just about as good a piece of advice you could hear online. Interesting piece, thanks Yianni! I hope the Aventador finds some value and you make your spondoolies back on it. Peace. ✌️😎👌
I love his transparency in this. It's refreshing that he feels so comfortable to talk about something that is generally too intimate and quite personal information for most! Respect 👊🏽
Buzzing you've addressed this.... there seems to be this strange stigma with financing / PCP-ing a nice car people are so quick to shoot you down for it I think it purely comes down to jealousy im 100% certain if the hater could afford the deposit, monthly and running costs they would! Even if I was a millionaire I would PCP !
@@musiccritic8467 yeah but when u miss your payments they'll come snd take it off you, your overpaying for a car on pcp. Secondly, Yiannis up to his eye balls in debt.
I got my first car this year and it's leased. It's a brand new 2020 Audi A1. Some people said it's too flash for a first car but to be honest i'm 26, worked my ass off since uni and thought i deserved it. Leasing is 100% the way forward. Here's some more advice for leasing: Shop Around: I was talking to about 4 different lease companies and SHOWING them the quotes each company was offering me. They will FIGHT to get you the best deal because they want your service for 2+ years First Monthly Payment: Once you've signed all the paperwork your deposit will go out first but then your first monthly payment will go out about 10 days after too. This took me by surprise so make sure you've accounted for that. What you can do is call up the finance company (not the lease company) and change your monthly date so it's not a massive lump some coming out of your account. Lease for Max 3 Years: It's tempting to go for the cheapest deal, but this is because most car warranty ends after 3 years so if anything happens after that you're in trouble. Hope that helps! Thanks for discussing this Yianni and push for leasing. End of the day it's your finances and you don't need to impress anyone.
@Jerry Rawlings moral of the story is to get whatever you like. Do you think 90% of those with real estate can afford their properties? They put as little as they can in and buy as much a possible you my friend are a hypocrite as are many others who have mortgages, phone contracts and other financing of sorts.
@@chriswhynder8311 cars depreciate so quickly. If you want a pretty much brand new Mercedes, audi etc then lease it. If you want a basic Ford fiesta then PCP or HP is ideal since the depreciation won't be that much since they don't cost that much in the first place. PCP is more suited for me personally
I made a lot of mistakes when I was younger regarding cars. Buying nice cars and changing them way to often when I was younger. It took me years to clear the debt. I got put off cars for ages....realizing I could of used the money towards a mortgage deposit. I eventually bought a cheapish used car with savings a decade later. If I could give you one bit of advice, it would be don't waste money on cars. Especially leasing cars. You are likely never going to own the car and in a decades time you will wish you put it into buying property.
@@chriswhynder8311 if the alternative is buying a new car then yes 100% lease it, you will save lots of money. Cost of ownership is the depreciation for a car bought outright, ie you buy a 7 series and it loses £30,000 in value in 2 years and 20k miles, in such an instance you could lease one and the cost of ownership would be less than £20,000, more so £15,000. So you could buy it outright and tell people that you are able afford to do it but in my mind it’s foolish and you have no sense of value for money really, it also ties your money up so you can’t invest elsewhere. I saw a two month old A8 for 40k last month, it was from Audi and Pre reg with 1500 miles on and it was black edition, it’s lost 30k at this point and it’s a steal of a deal to buy outright but it comes with added hassle and you have to worry about depreciation and selling the car. So there are two scenarios there regarding the A8, you could end up paying full price and someone else buys one for nearly half or you could lease it and likely still save money and have less hassle and worry.
Dammn bro. You just changed my perspective on Financing and Leasing. I'll definitely consider or out right lease my first car (not an exotic car nor one I wanna keep). Before I just did not even consider leasing as an option primarily because of a lack of knowledge on the topic. This video gives a great explanation without all the confusing numbers as to why and when to choose lease over finance and vice versa. Amazing!!!
As a female in her 20s I have just started understanding the "car world" I felt so stupid not really understanding leasesing and financing a car. Or what would be best, I appreciate you educating us in this video! Wise words: they're not paying your bills so why are you bothered and stay in your lane!
@@lucr.7325 yh he does... you pay for it... you own it simple... no one has a spare 80k to buy a new car... I bet 90% of brand new cars you see on the roads are financed or leased
@@johnstewart1814 we ain't talking about being able to afford payments or not... who are you to say if someone can afford something or not... anyway this is all based on opinions
Why would Yianni lie? At the end of the day, his reputation is far more valuable than any of his vehicles. This is one of those videos to educate people rather than to show off or whatever else. He's successful for a reason, and that reason is that he's honest and hard-working. Instead of giving somebody shit because they're successful, put that energy into becoming successful yourself. Well done on your success Yianni, you've built an awesome business and changed people's lives for the better too.
Wow Yanni..... you broke it down for the audience so nicely....I know people who would finance/lease a car and pretend like they bought it, but you didn't flex at all and were so humble about it. At the risk of sounding gay, love ya' my man ❤️
I have no interest whatsoever in car wraps but I watch this channel because of Yianni's transparency about his business and how he treats his staff. Good job mate, keep it up!
Completely left out the discussion of equity and tax write off. This is a one sided equation that makes it seem the inf is more valuable than it actually is. Best information given in this video had nothing to do with the cars
@@TheTastyMorsel didn’t say it was the best info just said it was good. Also i dont think he needs to get that far in depth, plus most of his viewers probably wouldn’t be old enough to understand any of that either. Though it would’ve been nice had he mentioned it.
Hell, this is one of the best videos I've ever seen on UA-cam. Top info on car finance, really nicely put, and some top life advice at the same time. Came for the wraps, stayed for the lesson. "Try not to worry about what other people are doing and worry about yourself."
Great video, very rare you see someone so high profile being so open about their finances. Very informative for people wishing to purchase expensive cars in the future
You need to be on 60k plus a year really to lease a car as the 10k is effectively dead money, your paying that cost for driving a brand new car basically, cars are almost always a liability, keep your liabilities at 15% or less if they aren't necessary per year if your smart.
A great honest and straight forward explanation of the various ways to purchase vehicles. Leasing trumps top including the hassle free aspect of driving a motor; no MOT for the first two years, little risk of breakdown. Love to hear your thoughts on classic cars...
This is actually a very good and informative video, clearly explained and well thought out! I think it eliminates a lot of myths that viewers have about the cars that various people own. Keep up the great content!
Balloon payment is only on PCP agreements on finance. There is other finance options (HP agreement) where the monthly is slightly more money and no balloon payment at the end which is what I've got.
This is why I like PCP, which is another form of Finance/Lease. You have the option at the end of the term to either hand the keys back, buy it (with the pre-agreed value at the start of the contract), or use any residual value it has above that as a deposit for your next PCP when you hand it back in.
Loved this honest video and specially the “stay in your lane” part easy to get wrapped up in what other’s think when you have to pay the bills as long as you’re happy with what you have then that’s all that matters!
£300,000 might not be alot to yanni but look at how hard he's worked! No-one see the behind the scenes the long hours building a rep for his company! The geezer deserves to treat him self absolutely legend in the wrap scene and the car scene just a nice normal guy all round
Implies he's not investing in stocks? Doesn't matter what the market is doing, stock investing is long term and eventually it recovers - so any spare cash you don't have use for should be put into stocks (indexes/ETFs mainly). Really odd though that it sounds like he doesn't have a financial/wealth manager given how rich he is. A wealthy manager would never let £300k be lying around doing nothing.
I’d add a comment that at the end of a PCP or finance deal, on some occasions the car may be worth more than the final balloon payment. In these situations it’s best to buy the car outright (if you have the funds of course). Then if you want just sell it afterwards and take the profit.
Great honest video from a top bloke. Met you at a Birmingham car show , you were great with my son, your staff were friendly and helpful . Keep up the good work 👍
if you own companies, leasing is the best option. everything is paid before taxes, also gas and cleaning, you get a new car, only pay about 60% of the value over the time and can get a new model after for example 3 years in a few months my audi rs7 comes fresh out of the factory
Nice video 👌 Saving money and investing it into crypto currency or something profitable. Will be the best way one can build wealth and to ensure success
I should be retiring next year and will surely need a new source of income so I’m looking to make some investments but I’m not so sure on what to invest on
For me Investments like stock and forex has become very profitable and very good options in securing a better financial life that's where I belong and survive from
Exactly Many top dogs out there do it, i mean that’s why they are at the “TOP”. I really feel everyone looking to get some financial security should make forex and bitcoin investments.
14:32 must stress that the baloon payment is optional. At the end of the term you can return the vehicle and owe nothing or pay the baloon payment and own the car.
@@Bobjit Not necessarily. Your balloon payment is also known as a guaranteed minimum future value (GMFV) This means that if the car is valued less than the GMFV and you have stuck to the details of the offer (mileage, condition) then the finance company takes the hit if the customer hands it back. However if you part exchange that’s when what you said comes into play
@@skliros9235 lease you have to give back and are tied to the contract unless you want to pay it off and PCP/Finance then you’ve got the option to purchase and come out of the car at any point but the earlier you do it the more negative equity you will have. If you buy the car or p/x at the end then there is no excess mileage charges
@@MichaelSmith-vq6dp thanks for your reply! In this case why would someone want to part exchange instead of handing it back? Is this for cases where the finance company refuse to take the car back? Excess mileage/poor condition etc forcing the customer to either pay off the balloon or part ex?
Hi there Dan am in the construction game there is two people i watch on UA-cam you and this man you guys make a very good role model to become a successful. You guys have sky high positive vibe. Love your weekly updates man bless
I bought my Mercedes Benz GLK450 some weeks ago after I made $27,000 in profit from forex trading. I was so excited to make such amount of cash with $2,400 in 13 working days. My account manager Mr Durham Miller is a reliable professional broker. Write to him on whatsappp for more information on how to start a forex trading account on his platform.
Yiannimize the financial adviser.. you truly r the man.. so much wisdom.. you ar more than an influencer..Bro you can feel the genuineness...I know I do..💯🙌🏾
With my last lease, the residual value (at the end of the 3 yr term) was 6k under the market value so I sent a check for the buyout amount and then flipped it for the difference. And used that cash to pay for the deposit of my current lease. Pretty sweet when you have some equity from a lease!
@@eradu2646 nah, definitely under market value - otherwise it wouldn't make sense to buy it! If the company quote you £10,000, but most cars for that spec are going at £16,000, buy it from the company and sell it yourself for £16k
Very informative video however you're missing out on vital points. Firstly the excess interest for both finance and lease you didn't take into account. So if a car is priced at £20,000 the lease is calculated with the interest and so is the monthly finance. Therefore you are actually paying more than outright for the months used on lease and finance. Secondly the 'terms" of a lease contract meaning if anything goes wrong with the car; paint damage, excess wheel damage, interior damage... plus more then you'll be sucked in right back into the contract. Not everyone has adjusted contratual terms like you for lease and finance. Therfore, overall if money is available with ease you should take outright option for most cars.
The secret is you should never buy a brand new car, always buy it after a year or two, when the car has depreciated a bit and you can find one with a low mileage.
Yianni this is the best finance, lease, or buy video on UA-cam. So refreshing when you see somebody keeping it real for once. You just made me a fan. Mad love from the Gold Coast🤙
hey, yanii i loved the video because it was super informative and would love to see more videos like this. also i was wondering if you could talk more about building a business and how to approach situations that are financial related and when to pull out and start over, just some financial advice when building a business would be amazing to know more about!!! again, love this type of video
The other option which I like.... take a bank loan at lower APR then finance. Higher payments as no deposit or balloon but once the loans paid off what ever value is in the car is yours. Or sell early and clear the loan and still have cash in pocket.
This is by far the best car finance explanation video I have ever watched and I'm subscribed to almost every car UA-camr and have been watching constant car related content since probably 2014.
4th option get personal loan - buy from auction previously leased vehicle - 3-4 year old - usually first year of depreciation is covered - also sometimes possible to buy a warranty so you covered for issues. If you have enough money you can do it every year and fancy car wont cost you anything (if you buy for good price and car that is fairly popular)
@@ruutjormun2262 1m in cash or 1m in loans secured against continually remortgaged houses. You have to show the lifestyle for people to believe in you what you say and do. He may be legit but he is probably one in the 5% of those that are the rest are bullshitters and millenials take the bate.
Was not expecting this to be so candid and modest, nice to see. Only thing that would be helpful to people is to understand the different finance options (HP, PCP etc)
This guy has a massive following for a reason. Totally legit, honest and transparent. Solid video.
Have to agree. I've been a fan from Car Wow and only just recently started watcing his own channel. He's load and brash but that's just him and it's not in an annoying way for me anyway. He's does seem honest and geniune. Not many people would be so open about his personal finances and expenditure.
@@Soulfinger73 Yeah he seems like a decent guy tbh - you won't find any people of similar standing to him openly discussing their finances. Most of them would just pretend they've paid cash for their cars ;)
@@Jasonrm92 Is moneymakeeerrr
I don't usually comment but I just had to applaud how not only did you educate but you did so with so much humility. You could have stunted, bragged and even exaggerated but you didn't (or at least I didn't get that impression). Mad respect.
Word
Its a flex in itself 😂 he doesnt need to
I actually thought he'd only show off... But he's providing information too awesome
He's a good guy. Does local charity work too. Definitely not the show off type.
He’s a good lad from the community.
To who is he giving info tho? You? You'll never buy those. If you could you have enough money and experience to know yourself lol
@@mindofvirtuoso3358 that's also true though
Course you did look at your name your a muppet
Top man Yianni. Not afraid to be honest. Genuinely humble.
Warped definition of humble.
True, I learnt a lot about investment from him, now my finance have changed due to my investment in Forex and cryptocurrency
I Invest in crypto also . They're really profitable right now
I wanted to trade crypto but got confused by the fluctuations in price
Magret is really popular, I heard that her strategies are really good
“I didn’t need the money” I have the same thought process when I’m about to buy a pizza.
Lool 🤣🤣
😂😂😂😂😂😂 literally
haha
ahh.. good one,
Alie
I've never even seen a single video of this guy, and I like him after watching this video
same here
Ask him if he has only fans 😂
Same, he’s got a great vibe
I used to watch him when he had around 50k subs, he just did videos about wrapping cars. I stopped watching him at around 100k because his content changed and I didn't like it. I do like this video though.
Same
Can't help but like Yanni.. he's worked hard, made a success of his business.. he didn't ever need to explain to anyone what he does when buying his cars.. yet here he is.. Nice one Yanni top bloke 👏 👍 👌
Exactly
Such a detailed and honest breakdown of how you own so many cars. More YT’s should do this instead of pretending.
Don’t get the BMW though, unless it’s being ran every day that’s a waste of your money.
exactly
He is making so much money that it won’t effect him
The bmw is probably a business lease so it’s just a company expense
@@suckerz01520 doesn’t matter if it’s business or personal still a waste.
Beemer is basically a company car.
Extremely clear and well delivered. I like the fact you also explained the "personal circumstances" aspect, incl. social media influence, breaking lease terms, etc. It's not all about the counting the pennies. The visual aids were also especially helpful. Great, clear video. Absolute textbook - well done, and thank you for keeping it real!
Thanks Yanni! Love the honesty and the “don’t worry about other people , worry about yourself “ part. People think once you are an influencer it’s all champagne and unicorns 😂.
So it's a smart business... Not just buying, but branding
This was legit informative and for someone who hasn’t watched Yianni in years it’s nice to see this mature content and down to earth facts 👌🏼👍🏼
love the transparency and honesty! how many people on youtube would honestly say they've taken an L for a few grand? Not many. This info is really cool to know so thanks
Honesty is very rare nowadays...thx for keeping it real!
Exactly what I was thinking.
This is the Realest I've seen an "influencer" being. He is basically giving free financial advice.
(PS, I know he's more than an influencer, im just referring to him in his capacity as a youtuber)
My friend this is not a a financial advice at all believe me hehe but hey he seems honest how he got the cars
Took him a while to be ‘real’ though didn’t it
@@3litepker cbecause its not of our business lol
What does he influence you to do exactly?
His financial advice is what?? He is claiming he makes money from owning these cars. That is terrible advice for normal people. Normal people don't get 'influencer' or VIP deals, and don't get sweetheart deals on $30k bodykits, etc.
Lots of cars will depreciate %35-50 over the first 3 years. A $70k BMW will drop nearly 50% in 3 years. So buying new cars constantly is a stupid financial move.
And he fails to explain the balloon payments at the end of his finance deals.
"Try not to worry about what other people are doing and worry about YOURSELF." LOL I LOVE him for this. I SUBSCRIBED
I pressed the down arrow of my keyboard while cleaning it, the page scrolled down and my eyes locked on your comment at the same time this guy was saying what you wrote :D
@@Minimalici0us did you also trip over and fall in love
@@cipher8940 xD
Bot
It was quite funny when he said it kkkk
600 A Month is cheap as chips.... I can't even afford chip's
Spot on.
Its so cheap its true.. Me or you if we go in BMW and we want to lease this exact car .. we will prolly get like atleast 900-1k a month and THATS A LOT for 12 months
G{t ur money up then brookey
What's the mileage though if doing over 6 which most people do then not so good ?
Dont finance or buy a car, walk and get a bike. Invest the money in the stock market
Hire purchase is also a type of finance ! This allows you to pay a deposit pay monthly but have no balloon payment at the end. Premiums are usually a bit more, however for most “cheaper” ever day cars this is the most common option where you keep the car at the end of the term! Great video yanni keep it up !
I see
Was he saying he would make all the money back on the urus???
Seriously think that Yianni should do a podcast after watching this vid. Who else thinks so?
Agreed he has a great way of talking very engaging and interesting and obviously is very knowledgeable about cars.
Completely agree !!!
@ceocast
I like how honest you are, it's like you're talking to us as a friend. The transparency is real & I LOVE IT!
I feel like if you make a video on how to invest in cars and know whether a car is a good investment or just to lease it when you buy your next car, it'll be so good and educational to give advice to the young entrepreneurs out there.
What a decent bloke he is. Good luck to him. Top man.
The fact that he tells us he finances some of his cars and doesn’t try to make it seem like he’s all that shows what a nice lad he is 👍🏼
lad? is that uk?
@@steve00alt70 yea
No. He is just telling the truth that would come out anyway if he lied. It doesn't mean he is a nice lad wtf
@Henrik but if you're paying monthly you wont have any "extra" to invest?
If you buy it outright, you save 300 a month that you can invest, which will cover part of the depreciation on the car
@@djibby1157 you need to invest first. Use the money you make from investments to pay for the car
_"Try not to worry about what other people are doing and worry about yourself."_ Just about as good a piece of advice you could hear online.
Interesting piece, thanks Yianni! I hope the Aventador finds some value and you make your spondoolies back on it.
Peace. ✌️😎👌
Wow, was not expecting that. Honest and humble. Telling people not to go beyond their means. Wish more were like this dude.
I love his transparency in this. It's refreshing that he feels so comfortable to talk about something that is generally too intimate and quite personal information for most! Respect 👊🏽
Me driving a 55 plate 206
Yianni: "My wife's range is getting old now it a 2013 model"
Buzzing you've addressed this.... there seems to be this strange stigma with financing / PCP-ing a nice car people are so quick to shoot you down for it I think it purely comes down to jealousy im 100% certain if the hater could afford the deposit, monthly and running costs they would! Even if I was a millionaire I would PCP !
Lol no you just wouldn't pcp as a millionaire at the end of the day the car aint urs until you paid it in full....
@@HasanAhmed-xd2bc are you a mind reader all of a sudden?
@@HasanAhmed-xd2bc I mean it is yours, the company can’t just get in your car and drive off with it can they?
@@HasanAhmed-xd2bc yianni is a millionaire and he leases which is (pcp) lmao you are smart aren't you
@@musiccritic8467 yeah but when u miss your payments they'll come snd take it off you, your overpaying for a car on pcp. Secondly, Yiannis up to his eye balls in debt.
Honest and genuine. This is real talk which is rare to see on UA-cam. Gratz my man keep killing !
I just steal all of my cars
I want my bentega back
Can you return my Nissan micra please?
Where's my m3 gtr lad
Bro can you give my 2001 toyota yaris
Gimme back my Prius bro not nice
I got my first car this year and it's leased. It's a brand new 2020 Audi A1. Some people said it's too flash for a first car but to be honest i'm 26, worked my ass off since uni and thought i deserved it. Leasing is 100% the way forward. Here's some more advice for leasing:
Shop Around: I was talking to about 4 different lease companies and SHOWING them the quotes each company was offering me. They will FIGHT to get you the best deal because they want your service for 2+ years
First Monthly Payment: Once you've signed all the paperwork your deposit will go out first but then your first monthly payment will go out about 10 days after too. This took me by surprise so make sure you've accounted for that. What you can do is call up the finance company (not the lease company) and change your monthly date so it's not a massive lump some coming out of your account.
Lease for Max 3 Years: It's tempting to go for the cheapest deal, but this is because most car warranty ends after 3 years so if anything happens after that you're in trouble.
Hope that helps! Thanks for discussing this Yianni and push for leasing. End of the day it's your finances and you don't need to impress anyone.
@Jerry Rawlings moral of the story is to get whatever you like. Do you think 90% of those with real estate can afford their properties? They put as little as they can in and buy as much a possible you my friend are a hypocrite as are many others who have mortgages, phone contracts and other financing of sorts.
@@Horizon301. so its better to lease?
@@chriswhynder8311 cars depreciate so quickly. If you want a pretty much brand new Mercedes, audi etc then lease it. If you want a basic Ford fiesta then PCP or HP is ideal since the depreciation won't be that much since they don't cost that much in the first place. PCP is more suited for me personally
I made a lot of mistakes when I was younger regarding cars. Buying nice cars and changing them way to often when I was younger. It took me years to clear the debt. I got put off cars for ages....realizing I could of used the money towards a mortgage deposit. I eventually bought a cheapish used car with savings a decade later. If I could give you one bit of advice, it would be don't waste money on cars. Especially leasing cars. You are likely never going to own the car and in a decades time you will wish you put it into buying property.
@@chriswhynder8311 if the alternative is buying a new car then yes 100% lease it, you will save lots of money. Cost of ownership is the depreciation for a car bought outright, ie you buy a 7 series and it loses £30,000 in value in 2 years and 20k miles, in such an instance you could lease one and the cost of ownership would be less than £20,000, more so £15,000. So you could buy it outright and tell people that you are able afford to do it but in my mind it’s foolish and you have no sense of value for money really, it also ties your money up so you can’t invest elsewhere. I saw a two month old A8 for 40k last month, it was from Audi and Pre reg with 1500 miles on and it was black edition, it’s lost 30k at this point and it’s a steal of a deal to buy outright but it comes with added hassle and you have to worry about depreciation and selling the car. So there are two scenarios there regarding the A8, you could end up paying full price and someone else buys one for nearly half or you could lease it and likely still save money and have less hassle and worry.
“Try not to worry about what other people are doing and worry about yourself.” Not a truer word.. If you’re on the way up, don’t look down.
I love how honest, open, and confident you are, and how you talk openly about this
That's what you call a humble and honest man, God bless 🙌🏻
The least humble guy going
Dammn bro. You just changed my perspective on Financing and Leasing. I'll definitely consider or out right lease my first car (not an exotic car nor one I wanna keep). Before I just did not even consider leasing as an option primarily because of a lack of knowledge on the topic.
This video gives a great explanation without all the confusing numbers as to why and when to choose lease over finance and vice versa. Amazing!!!
Yianni has taught me more about finance than my education system
What school did you go to? Lol
In about 30 seconds
facts
When i started eatching the video this comment had 10 likes
Did you study in a garden shed?
Loved this... who else wants to hear his advice on how to grow a business and other valuable lessons he has learnt over his career!
“At the time I didn’t need that money”
I love it when people make those kinds of statements!
As a female in her 20s I have just started understanding the "car world" I felt so stupid not really understanding leasesing and financing a car. Or what would be best, I appreciate you educating us in this video! Wise words: they're not paying your bills so why are you bothered and stay in your lane!
Im trynna get to the point in life that I forget I own a brand new BMW...
he doesn’t own it though
@@lucr.7325 yh he does... you pay for it... you own it simple... no one has a spare 80k to buy a new car... I bet 90% of brand new cars you see on the roads are financed or leased
@@royal6371 if you salary aint 3x the value of the car you can’t afford it mate
@@johnstewart1814 we ain't talking about being able to afford payments or not... who are you to say if someone can afford something or not... anyway this is all based on opinions
@@royal6371 paying for someone does not mean you own it smfh. what type of logic is that?
Why would Yianni lie? At the end of the day, his reputation is far more valuable than any of his vehicles. This is one of those videos to educate people rather than to show off or whatever else. He's successful for a reason, and that reason is that he's honest and hard-working. Instead of giving somebody shit because they're successful, put that energy into becoming successful yourself. Well done on your success Yianni, you've built an awesome business and changed people's lives for the better too.
Wow Yanni..... you broke it down for the audience so nicely....I know people who would finance/lease a car and pretend like they bought it, but you didn't flex at all and were so humble about it.
At the risk of sounding gay, love ya' my man ❤️
my thought exactly ---
I have no interest whatsoever in car wraps but I watch this channel because of Yianni's transparency about his business and how he treats his staff. Good job mate, keep it up!
I have a newfound respect for Yanni after this. Good info, and keeping it real by saying don’t do it just to show off if you dont have the money
He didn’t explain finance correctly, he described pcp and hire purchase finance
Completely left out the discussion of equity and tax write off. This is a one sided equation that makes it seem the inf is more valuable than it actually is. Best information given in this video had nothing to do with the cars
@@TheTastyMorsel didn’t say it was the best info just said it was good. Also i dont think he needs to get that far in depth, plus most of his viewers probably wouldn’t be old enough to understand any of that either. Though it would’ve been nice had he mentioned it.
Hell, this is one of the best videos I've ever seen on UA-cam. Top info on car finance, really nicely put, and some top life advice at the same time. Came for the wraps, stayed for the lesson.
"Try not to worry about what other people are doing and worry about yourself."
"I'm going to show you how I bought each one of them" *an ad plays
ahh i get it
I love how down to earth he is. Transparent and making the time for viewers.
Great video, very rare you see someone so high profile being so open about their finances. Very informative for people wishing to purchase expensive cars in the future
BMW... Cheap as chips...
£600, basically the same cost as most people’s rent in the UK
wow where do you live to have rent so cheap?
"Only £9200 a year" to borrow a car 😂😂 forget that
I was about to ask the same thing. Only 600 quid rent? It's either a very small studio or it's in the middle of nowhere :)
You need to be on 60k plus a year really to lease a car as the 10k is effectively dead money, your paying that cost for driving a brand new car basically, cars are almost always a liability, keep your liabilities at 15% or less if they aren't necessary per year if your smart.
You lucky man.
A great honest and straight forward explanation of the various ways to purchase vehicles. Leasing trumps top including the hassle free aspect of driving a motor; no MOT for the first two years, little risk of breakdown.
Love to hear your thoughts on classic cars...
Me driving a 55 plate 206
Yianni: "My wife's range is getting old now it a 2013 model"
@Henrik 0iq what if they been for a long time before the money lol
7 year old car is old
I keep my cars for no more than 4 years
I have a W reg Polo
@@arunparkin2552 exactly any car is better than no car
Probably the most honest "how do I buy my cars" I've seen
A rare attribute of a Cypriot 🙂 but Yianni downright honest and true! Noone pays your bills and don't do things just to impress!
He's from Cyprus? Really?
We need a race Yanni vs Matt on foot and a brake test as well from 7 miles an hour
From 7 mph??? Yianni maxes it out at 4 mph,
@@snake_3608 😂 😂
Snake_360 😂😂😂😂
This is actually a very good and informative video, clearly explained and well thought out! I think it eliminates a lot of myths that viewers have about the cars that various people own.
Keep up the great content!
Definitely some good advice, why I am on a lease deal with redline. Then get the latest car when my time is up.
FOR EVERYONE WANTING THE ANSWER: he says if the car is in the "lower ends" always lease it
What does that mean?
@@davidlusambya3844 what the video u twat he explains it
@@hh4251 learn to talk with some manners
He think he means what Is considered lower end for most people
Balloon payment is only on PCP agreements on finance. There is other finance options (HP agreement) where the monthly is slightly more money and no balloon payment at the end which is what I've got.
HP is significantly more expensive than PCP! And to the average person only realistic on cheaper cars £20k & below
HP usually have a lot higher monthly’s unless you put a bid deposit down
He forgot to mention HP
You can have a HP with a Non Guaranteed Balloon. It's called a Lease Purchase.
Also, you can give the car back on a PCP. You don’t have to pay the ballon payment at the end
This is why I like PCP, which is another form of Finance/Lease.
You have the option at the end of the term to either hand the keys back, buy it (with the pre-agreed value at the start of the contract), or use any residual value it has above that as a deposit for your next PCP when you hand it back in.
Wow finally a UA-camr being honest about he’s car. You just exposed a tall guy and Mr organic thanks for sharing
Loved this honest video and specially the “stay in your lane” part easy to get wrapped up in what other’s think when you have to pay the bills as long as you’re happy with what you have then that’s all that matters!
Yianni: “I didn’t need the 300k” high tier flex right there
😉
£300,000 might not be alot to yanni but look at how hard he's worked! No-one see the behind the scenes the long hours building a rep for his company! The geezer deserves to treat him self absolutely legend in the wrap scene and the car scene just a nice normal guy all round
@@151CHAVIN I recently started watching yianni again and jeez I forgot how much of a down to earth honest person he is.
151CHAVIN I wasn’t hating at all, if anything I was impressed!
Implies he's not investing in stocks? Doesn't matter what the market is doing, stock investing is long term and eventually it recovers - so any spare cash you don't have use for should be put into stocks (indexes/ETFs mainly). Really odd though that it sounds like he doesn't have a financial/wealth manager given how rich he is. A wealthy manager would never let £300k be lying around doing nothing.
I’d add a comment that at the end of a PCP or finance deal, on some occasions the car may be worth more than the final balloon payment. In these situations it’s best to buy the car outright (if you have the funds of course). Then if you want just sell it afterwards and take the profit.
Great honest video from a top bloke. Met you at a Birmingham car show , you were great with my son, your staff were friendly and helpful . Keep up the good work 👍
Very humble advice Yianni. "stay in your lane", too many people haven't heard of this and get into all kinds of financial trouble.
W
What a fantastic video. My respect levels for Yianni have gone up a notch or two after watching this.
From carwow videos you'd never know he is such a straight and down to earth guy. Opinion changed in one video
You should watch his charity work vids. He's a good guy
What was ur opinion of him before
Mat & Yianni are overly competitive in carwow videos, because that's entertainment
In carwow's videos he uses his competitive mood
fr
Fair play , you don't have to lay anything bare for anyone.
if you own companies, leasing is the best option. everything is paid before taxes, also gas and cleaning, you get a new car, only pay about 60% of the value over the time and can get a new model after for example 3 years
in a few months my audi rs7 comes fresh out of the factory
I love that you’ve set it out so clearly
So many youngsters will be getting burned by their finance deals.
Get em at Carwow and save an average of 4,000 pounds!!!
-Mat Watson.
Nice video 👌
Saving money and investing it into crypto currency or something profitable. Will be the best way one can build wealth and to ensure success
You’re right investing now should be at the top of every wise individuals list because in few years you'll be ecstatic with the decision you made now
I should be retiring next year and will surely need a new source of income so I’m looking to make some investments but I’m not so sure on what to invest on
For me Investments like stock and forex has become very profitable and very good options in securing a better financial life that's where I belong and survive from
Exactly Many top dogs out there do it, i mean that’s why they are at the “TOP”. I really feel everyone looking to get some financial security should make forex and bitcoin investments.
Like the honesty buddy. With also the best advice
“Stay in your lane” 👍
14:32 must stress that the baloon payment is optional. At the end of the term you can return the vehicle and owe nothing or pay the baloon payment and own the car.
Only if the car is worth more than the balloon payment, if its depreciated more than expected you'll be in negative equity.
@@Bobjit Not necessarily. Your balloon payment is also known as a guaranteed minimum future value (GMFV) This means that if the car is valued less than the GMFV and you have stuck to the details of the offer (mileage, condition) then the finance company takes the hit if the customer hands it back. However if you part exchange that’s when what you said comes into play
That sounds like a lease then. What's different?
@@skliros9235 lease you have to give back and are tied to the contract unless you want to pay it off and PCP/Finance then you’ve got the option to purchase and come out of the car at any point but the earlier you do it the more negative equity you will have. If you buy the car or p/x at the end then there is no excess mileage charges
@@MichaelSmith-vq6dp thanks for your reply! In this case why would someone want to part exchange instead of handing it back? Is this for cases where the finance company refuse to take the car back? Excess mileage/poor condition etc forcing the customer to either pay off the balloon or part ex?
Nice vid. Can you do one on lorries and plant?! 😎
The question is Dan, can you do one on lorries and plant?
Hahaha, we're waiting to know how you get your lorries.
Hi there Dan am in the construction game there is two people i watch on UA-cam you and this man you guys make a very good role model to become a successful. You guys have sky high positive vibe. Love your weekly updates man bless
If you watch his videos you'd know how he gets them and how many 👌😂
I bought my Mercedes Benz GLK450 some weeks ago after I made $27,000 in profit from forex trading. I was so excited to make such amount of cash with $2,400 in 13 working days. My account manager Mr Durham Miller is a reliable professional broker. Write to him on whatsappp for more information on how to start a forex trading account on his platform.
Yiannimize the financial adviser.. you truly r the man.. so much wisdom.. you ar more than an influencer..Bro you can feel the genuineness...I know I do..💯🙌🏾
Solid advice mate, I really enjoyed the honesty.
This was actually a really factual and entertaining
More car channels need to do simple talk and whiteboard videos like this
With my last lease, the residual value (at the end of the 3 yr term) was 6k under the market value so I sent a check for the buyout amount and then flipped it for the difference. And used that cash to pay for the deposit of my current lease. Pretty sweet when you have some equity from a lease!
@@eradu2646 nah, definitely under market value - otherwise it wouldn't make sense to buy it!
If the company quote you £10,000, but most cars for that spec are going at £16,000, buy it from the company and sell it yourself for £16k
What car was that?
@@1anre 2018 Hyundai Ioniq Plug-In Hybrid
@@kyletgarrett doesn’t sound anything close to exciting.
@@1anre The car itself, yeah definitely not. The unexpected 6k, that was exciting.
Yanni is here teaching us more about how life works than schools do, thanks Yanni I’ve learnt allot this video🙏🙏
i dont even like cars, but you just made me watch 17 minutes of you talking about them! Great content bro!
Very informative video however you're missing out on vital points. Firstly the excess interest for both finance and lease you didn't take into account. So if a car is priced at £20,000 the lease is calculated with the interest and so is the monthly finance. Therefore you are actually paying more than outright for the months used on lease and finance. Secondly the 'terms" of a lease contract meaning if anything goes wrong with the car; paint damage, excess wheel damage, interior damage... plus more then you'll be sucked in right back into the contract. Not everyone has adjusted contratual terms like you for lease and finance. Therfore, overall if money is available with ease you should take outright option for most cars.
what happens when you lease and crash (small crash) your car? How does the insurance help?
I've got an X4, hurts me that he forgot he has it 😩...😂
He buys cars from carwow for big savings
😂😂
@@brunamurray9741 no need for copying comments
@@theweeknd2725 thanks mate, nice song btw
not just an x4, and X4M competition.. and yet still forgot abt it.... LOL
Yianni: *forgets he has a brand new BMW x4m*
X4m competition!
this dude yianni lmao
I've just discovered your channel and this guy seems genuine and honest. Clear and concise explanation of different methods of purchasing a car.
no one:
Yanni: forgets his '20 plate bmw
The secret is you should never buy a brand new car, always buy it after a year or two, when the car has depreciated a bit and you can find one with a low mileage.
Stumbled across this channel, love this guys honesty
Such real talk there bro, honestly this felt like a heart to heart with a brother and a financial advisor!! Yanni that was real👍👌👌 thanks
There are some other reasons to rent a car:
- you're on vacation and need a car while there.
- you only need a car once in a while, like once a month.
Yianni this is the best finance, lease, or buy video on UA-cam. So refreshing when you see somebody keeping it real for once. You just made me a fan.
Mad love from the Gold Coast🤙
I won't pretend like Yanni hasn't been destroyed in a drag race by Mat.
hey, yanii
i loved the video because it was super informative and would love to see more videos like this. also i was wondering if you could talk more about building a business and how to approach situations that are financial related and when to pull out and start over, just some financial advice when building a business
would be amazing to know more about!!!
again, love this type of video
The other option which I like.... take a bank loan at lower APR then finance. Higher payments as no deposit or balloon but once the loans paid off what ever value is in the car is yours. Or sell early and clear the loan and still have cash in pocket.
"These are the big cars... forget the Range Rovers .... " .... 😅
Man I can't even afford a 1 pound choclate bar
That´s savage bro kkkkk
Amazing honesty Yani!! Totally puts down prats digging into your personal life 🤜🤛🏽
This is by far the best car finance explanation video I have ever watched and I'm subscribed to almost every car UA-camr and have been watching constant car related content since probably 2014.
It's so nice getting this kind of transparency! Totally changed my view on this topic. Keep up your awesome content! :)
There two type of finance, pcp is low monthly and payment at the end. HP is bigger monthly and no payment at the end
Yeah I wondered why he didn’t specify this
@@CrypticItalian well tbh he did but never mentioned there two different finance. Tbh I bet he didn’t know because he don’t need too tbf.
4th option get personal loan - buy from auction previously leased vehicle - 3-4 year old - usually first year of depreciation is covered - also sometimes possible to buy a warranty so you covered for issues. If you have enough money you can do it every year and fancy car wont cost you anything (if you buy for good price and car that is fairly popular)
Everytime I hear this mans Rolex clash with the table I cry a little inside
That’s what Rolex watches are built for
It’s a Casio watch bro
@Lord Rupert dude just talked about ~£1m of his cars in 17 mins. its not unrealistic to think he has a genuine rolex
@@ruutjormun2262 1m in cash or 1m in loans secured against continually remortgaged houses. You have to show the lifestyle for people to believe in you what you say and do. He may be legit but he is probably one in the 5% of those that are the rest are bullshitters and millenials take the bate.
It's a watch. If you don't use it, what's the point of owning it?
very brave of you to give a real-life peek into the "show business" keep up the good work
Was not expecting this to be so candid and modest, nice to see. Only thing that would be helpful to people is to understand the different finance options (HP, PCP etc)
Whole lot of new respect Bruv! Sound video, and you Just being yourself. Skeptic at first but you are a genuine down to earth human being. mad love!
Bruv ?? Usually low life people saying this word ! Are you addicted to illegal drugs
This was really useful Yianni and a nice change from your usual content. And props for keeping it real. Stay blessed ;)