This is actually a great explanation of car buying and ownership that everyone should watch. Then they can at least make an educated decision as to what is best for them.
Funny, i literally just did this exact thing today and now this video pops up on my feed. I picked up a 2022 AMG with 9100mi & 2.5yrs left on warranty that someone else had leased. Thanks to him for eating that huge depreciation for me 😂
❤ knowledge is power. Truly understanding things and not just accepting what we are told is a lost human art. Something I'm trying to accomplish myself.
You looked into other markets to see if it works there as well? Based in the UK. Fountain of knowledge in this video, appreciate you taking the time to make this
I am not a student but I must have gotten this idea from early PJ a decade ago. I bought a r8 v10 for 100k drove it for 9 years and sold for 85k. 10 year warranty and insurance was dirt cheap back then so the cost of ownership is cheaper than a regular 3 series. In the same time period my wife had a boxster that we bought for 50 and sold for 32 in 6 years, that’s before learning the idea. Not into hacking cars for short term but his idea is golden, I now have 4 supercars and one of them is almost doubling in value
How are you getting $60K 0% interest finance in order to amount payments to account 100% to principal and consider 100% equity? The video lacks explanation? Or it’s just in the fine prints? Looking for a 911 by the way
I would never spend 100k on a car that depreciated that fast. I bought my Vette brand new for 63k in 2019 and just got offered 55k last weekend in trade.
Got me into thinking PJ. Can you tell me any SUVs that are following that depreciation curve? Have a big family to transport 😅 Currently driving a Mercedes GLE 450, three rows (7 seats).
You may have already covered this but can you cover what happens if you were to damage the vehicle and it not be a total loss but fixable. This would have an impact on the cars future value.
How is it a hack if on a Huracan you paid $14,000 in taxes and registration, then at 6% interest you are down atleast $10,000 in 1st year interest. Add another $10,000 in depreciation at exit. That's $34,000 loss or $2,833 per month loss in 1st year alone. What about that, I would love to see you adress those costs and how they factor into all of this ?
Show me a car that’s worth $60k with factory warranty and is still worth $60k two years later after the warranty has expired, mileage has been added, etc.
Just about any limited production, special edition, and/or enthusiast variant. Spec is also a factor obviously. V8 R8 was that to a T. The better you choose, the more mileage freedom you’ll have.
This video has some HUGE GOLDEN NUGGETS THANK YOU CAR HACKS !!!
This is actually a great explanation of car buying and ownership that everyone should watch. Then they can at least make an educated decision as to what is best for them.
I love the PJ smart board sessions.
Funny, i literally just did this exact thing today and now this video pops up on my feed. I picked up a 2022 AMG with 9100mi & 2.5yrs left on warranty that someone else had leased. Thanks to him for eating that huge depreciation for me 😂
As a retired banker, this is one of my favorite PJ videos, yet.
Probably one of the best videos you’ve put out so far! Nice
❤ knowledge is power. Truly understanding things and not just accepting what we are told is a lost human art. Something I'm trying to accomplish myself.
You looked into other markets to see if it works there as well? Based in the UK.
Fountain of knowledge in this video, appreciate you taking the time to make this
I am not a student but I must have gotten this idea from early PJ a decade ago. I bought a r8 v10 for 100k drove it for 9 years and sold for 85k. 10 year warranty and insurance was dirt cheap back then so the cost of ownership is cheaper than a regular 3 series. In the same time period my wife had a boxster that we bought for 50 and sold for 32 in 6 years, that’s before learning the idea. Not into hacking cars for short term but his idea is golden, I now have 4 supercars and one of them is almost doubling in value
❓can you do a specific example on a 991 Porsche turbo S, Carrera S and a 992 same model variants.
Impressive alternatives, this will save me a fortune! 🚗
Amazing video and explanation!!!!
Great video PJ. I agree with you 100% . thats how i hack my cars and pretty much enjoy them for less.
This was a really great explanation - thank you
Thank you my brother…. You are a genius…❤
Moral of the story.
Buy a 2 year old corolla outright, bank your savings and sleep easy.
brilliant!
Please calify how you propose to overcome the interst lost?
How are you getting $60K 0% interest finance in order to amount payments to account 100% to principal and consider 100% equity? The video lacks explanation? Or it’s just in the fine prints?
Looking for a 911 by the way
Leasing you never know what the residual value is no. That’s why you negotiate a lease as well as financing or don’t do it
very very smart guy.
I would never spend 100k on a car that depreciated that fast. I bought my Vette brand new for 63k in 2019 and just got offered 55k last weekend in trade.
I'm going to try this tomorrow. I'm in the market for a Range Rover.
You deserve my like
Makes sense damn I can never buy a new car now
Got me into thinking PJ. Can you tell me any SUVs that are following that depreciation curve? Have a big family to transport 😅 Currently driving a Mercedes GLE 450, three rows (7 seats).
Everything sounds excellent. But how do you deal with the fact that there is Sales Tax on the car? As an individual how to do recoup that amount?
we teach you how to legally avoid it in the training and even show you how to recycle it so you only pay it on 1 car and never again.
I was looking at a used M4 comp with 21k miles for 75k. How would you go about hacking this car?
PJ, what do you think about the new G63? Worth spending $15k over MSRP to buy? Or better to look for a 2022 in the $175k range?
no
@@ExoticCarHacksneither?
You may have already covered this but can you cover what happens if you were to damage the vehicle and it not be a total loss but fixable. This would have an impact on the cars future value.
15% minimum
@@ExoticCarHacks Is that something that is factored in for these deals. That you could loose 15% or more depending on how others drive around you?
What about sales tax? What about car reg? 🤔
There are multiple legal ways to reduce or completely eliminate sales tax on cars. Which works best depends on where you live
@@ExoticCarHacks Nevada. I know private party is no sales tax. what if we buy from a dealer though???
How is it a hack if on a Huracan you paid $14,000 in taxes and registration, then at 6% interest you are down atleast $10,000 in 1st year interest. Add another $10,000 in depreciation at exit. That's $34,000 loss or $2,833 per month loss in 1st year alone. What about that, I would love to see you adress those costs and how they factor into all of this ?
no one said you paid that tax. you assumed you did cause you dont understand, Take the course and learn.
Show me a car that’s worth $60k with factory warranty and is still worth $60k two years later after the warranty has expired, mileage has been added, etc.
BMW M3/4/5 have all done this
Just about any limited production, special edition, and/or enthusiast variant. Spec is also a factor obviously. V8 R8 was that to a T. The better you choose, the more mileage freedom you’ll have.
To many variable missed like if u actually drive your car and put
Miles on it and condition -but was decent info
bro where you get Huracans so cheap
What if you lease-end a hackable car? There’s ways to lease used cars which had depreciated already!
It can be done but in general the amortization schedules of those leases are front loaded with interest heavily. Not always but gotta check the chart.
Where can I get a two year old huracan for 190k?