So let me get this straight. Buying a used car is now called hacking and is cheaper than buying the same model brand new? Who would've thought? Turns out I've been "hacking" cars my whole life and never realized it.
What color is your Bugatti? Buying used is 1/10 the equation (and you can also hack brand new cars if you understand spec and supply/demand and MSRP increases). The rest is buying the right car at the right time, predicting what pricing will be a year from now after usage, and then driving until it meets those parameters to minimize your net cost of ownership for a far superior vehicle. And if you execute that properly, that's still just the beginning of this model.
@@joesullivan-y9r 0 chance you have a bugatti with how little you understood the video. Watch his other content and try to learn something by dropping your ego instead of assuming you know more.
@@MOHIMEDIALLC I'll let you in on a little secret..... his content is about selling cars to the gullible and you've just identified yourself as one. This may be hard for someone like you to comprehend, but don't take advice on buying used cars from someone who is trying to sell used cars.
@@zk9058if the car is worth more at the time of sale than projected, then you “make money” which pays for the interest. Therefore essentially “0%” all about playing the long game when you’re wealthy. Chess vs Checkers
@JuliusMoore-co5hl well, I believe it depends on what social-economic level you are, an educated person with a 40-hour work week making 70k a year cant afford a medium luxury car or a SUV with a 65k sticker, same way a Superintendent making 160k a year cant afford a S650 or a BMW 750, he can a afford a 35-40k camry brand new, plus house and kids and everything else life throws at you
The best thing you can do is buy cars cash, drive less than 10k miles and sell it for the same price you paid for it. As long as you paid for a car that holds its value, you will get 80-110 percent of your money back and be in position to buy another car cash to repeat the process
Great video ! You messed the math up a bit. The total cost comes out to $2650 per month but this is ideal way to buy cars I’ve been doing it for years!
He's not very good at math. Loves telling people they're broke though lol. And says that $108k + the 50k DP is not 158k but "about 150k" lol. More like about 160k but what do I know? I'm broke lol. Can't stand this guy
Enjoyed the analysis - very nice (and car collection). I've been considering buying a used Cullinan but never factored in the fact that the warranty should still be good for year 4 & 5 with low miles. Now (after your analysis) it looks like I'll be shopping for a 3-year-old Cullinan with low miles. Thanks.
Yeah i remember these cowboys saying that they can make money on a gallardo. The problem is one service or repair pretty much throws their thesis out the window. Anyway paying tons of money for a car that you don't drive is a waste of money even if it was $1 a month.
Is he saying the “hack” is to barely drive the car? Like, just leave it in your garage lol 😂. If you’re starting with 15k miles over 2 years, that’s 7,500 miles a year. And if the “hack” is to drive half as much, that’s only 300 miles a month. I do that in 5 days‼️
That should be good because of course if you have a RR you have more than one car. that is how this would work for someone. But if i had a RR i wanna drive it.
He's right. I got a Lambo Urus that was 3 years old. Dodged a lot of the depreciation. But I also just bought a 2023 BMW-X6 Competition. I'm about to trade in my Volvo XC90 Hybrid which I bought in 2022. The Volvo is my daily car the BMW and the Urus are Friday through Sunday cars, or business-related cars. I don't ever buy cars new, unless they're Toyotas or Hondas. My dad taught me that back in the 80s when I bought my first car. A Honda Civic.
Enjoyed. To the critics: The term "hack" in this context refers to a smart, unconventional strategy for maximizing value while minimizing cost in exotic car ownership. It’s not just "buying used" but involves leveraging depreciation patterns, financing terms, and resale potential. PJ reframes car ownership using asset management principles and challenges traditional car leasing and financing by demonstrating how to own luxury cars with minimal depreciation loss-thus "hacking" the system.
after one year membership, i finally understand this car hacking method after watching this video. i wish i knew every final depreciating point on every exotic and luxury vehicle. teach me more.
What’s your thoughts on using a line of credit or a high limit business credit card that offers a 0% introductory period to pay up 12-15 months of your monthly payments in advance so that now you can make a minimum payment to the line of credit/credit card every month to reduce the amount of money you have to come up with for an exotic hack?
@damesmithte514 sounds like @exoticCarhacks short mad complex got mad --- what your idea is way better by using your credit card at 0% ---- there is no fraud there ---- only fraud is not making more videos like yours by using other was to for financial exotic hacking ---- your idea is great and there are much more other creating ways to get great lending ---- i was watching a video where a guy bought a building on his credit card because it was offering a 3% cash back ---- you can look it up on youtube, regardless the guy bought the building and it was over $50 million ------ great great teachers out there that dont call you retarded for not buying a RR ---- side note the guy who bought the building was calm as calm could be and never judge a person by their wallet -----
If you really want to drive a Rolls-Royce buy a 20 year old car with cash for $40,000 to $60,000. Basically nobody knows how old one of these cars are when they see one.
PJ, let's not forget the money factor (interest) on the lease is often high and also, lets remember section 179 deduction on a Culli due to gross weight when buying. Makes the hack that much sexier. Happy holidays, my friend. Gil
I have done this with certain vehicles. I also did something similar when I wanted to save as much as possible but build stronger credit. I would prepay a lease for an MB though an auto-broker. I found the numbers worked out to basically saving the down payment and around 10ish% of what the rest of the lease would have been. That said if you planned on driving more than 10k a month on avg, it might not the smartest thing to do. Eventually, after a lease or two from MB my credit score established, I went to buying 1-2 year low mileage vehicles, and reselling them after 3 years of use. Sometimes you might manage to even breakeven or make a few bucks when dealing with certain types of luxury/sports cars. I found the Aston Vantage, S-coupes, and G-wagons to take a significant initial hit, but when bought on the used markets to basically stay close to the same value until a significant body style update.
Lol. Simple and straight. I argued with a guy once who thinks driving a 0 mileage car has far better experience than used. Ive driven 0 mileage and ive driven 30k miles. People, they drive exactly the same.
Actually best solution is leasing a 2yr old cullinan with a 5 yr residual open end lease buyback. Then you are saving ( in your case) 7% tax on the residual.
People that are really wealthy value TIME. Making another million is easy. What is not mentioned in this video is some loans can go out 7 to 10 years which gets down payments further on exotic vehicles. The problem with Rolls Royce and even Mercedes dealerships is that they are not on every corner. My custom built Mercedes SUV it's 1hr drive, loaner car if can't be completed that day, and then come back to pick it up. So something simple like a sensor malfunctioning turns into burning days of time. The Toyota place is just 10 minutes away and in and out quickly. The Rolls Royce once out of warranty very expensive to maintain and repair and dealership very far away. Any repair work would need to be a mobile mechanic from the dealership that comes to ME. They won't do that so I don't buy. People that make 10 to 20 bucks an hour try to clip coupons and burn their own time. People that make 3,000 an hour care more about SERVICE and the company they use saving them TIME where they do not disrupt my busy day already. It's the HASSLE factor that wealthy people want to avoid.
I’ve tried that with a used BMW, got it for $50k including tax when it was 3 years old, and sold it 1.5 years later for $33k, so i lost $17k+. I then leased a brand new Mercedes for two years, and also paid around $17k for the lease. So this hacking didn’t work much, because for the same money I was driving a new Mercedes (worth $110k) vs a 3 years old BMW. Moral of the story I guess is it really depends on a car, sometimes you can also hack a lease and get even better deal, but all in all you still lose money either way. It’s probably better to find something that might appreciate in value.
Even if you drive it 5-7k miles a year instead of 15k miles a year the car will loose more value because you will sell it without warranty end of the 5th year. Can you clarify this point ?
math is , that car will be worth 80K ten years from now , just let some sucker buy it now , and keep it parked in a garage , and you buy it 10 years from now , put 10K down and drive a Cullinan with 35K miles for $700 per month … there you go , that’s your math … figuring out how to pay for maintenance and repairs will be in the next video …
I know Ben Malleh pays cash for used ones and gets incredible deals. I know the cars weight means everything. It's like they're now classified as yachts or something. Somehow the business write offs are as far as I know are almost total write off for these guys when done properly. If the money is flowing you also have to put it somewhere. Being rich is tough... (but definitely goes used. They're impeccably maintained)...
Problem is u cant get the price selling it on your own, Those are dealers selling it at those prices. If u trade it in u wont get it either as the dealer will low ball it so they can make money j
FASLE!! And some truth. The most important variable missing is the money factory vs purchase interest rates. A money factor rate conversion of .9% (on cap cost) with a reasonable residual vs a rate of 5%(on MSRP OR used car sales price) can swing your payment both $1500-2k… over 36 or 60 months.. that adds up. Perhaps for this example, it’s true but it’s not always the case.
This is a great breakdown. Can you please explain this to my wife that I have been trying to explain to her for the last three vehicles including this ‘24 Mercedes S 580 that I have now🤔🎉
I’m buying a 2022 rolls and will be selling my mint, like new, Gorgeous 2014 Bentley flying spur w12 33k miles. The dealer is only offering to pay 50k trade in. Is there anything I can do? or should I just let someone else benefit and take it for that amount instead of giving it away to the dealer? Thanks
Basically if you buy used with “good everything factors” and with warranty it’s very good BUT if you want to drive new than financing instead of leasing is the way to go. PLEASE ADD ANY COMMENTS IF IM WRONG OR MISSED ANY POINTS. Thx
Yea some who buys this and schedule 179s it and doesn’t make enough after to be in the highest tax bracket. Or who has some convoluted tax structure that is just begging for an IRS audit.
Good question. Interest is the penalty you pay for not using cash. Either you know how to make enough money with your money to offset the interest cost, which most do, or its simply your cost of getting access to cash that you don’t otherwise have. It does not equate into the hack calculation, and generally, the networking value of having the rules for something else offsets your interest cost. In this situation, the interest would cost around 800 bucks a month, which could be made by trading one watch per month with $5000 to start.
@@ExoticCarHacksbut the lease payments include a significant amount of interest baked into the monthly payments. So, to compare apples-to-apples, you’d need to include cost of interest in the hack. If you borrow 250-275k, you’d lose around 20-25k a year in interest payments.
I think the other advantage of financing is accelerated tax depreciation for a vehicle this size. You can offset your taxable income by taking a faster depreciation if you finance vs leasing
Try to find a cullinan. Where we live..not a chance. We tried the same “hack” in Dubai.. almost zero depreciation.. Another thing: first owner created the car to his liking, you buy his taste.. not saying it’s a great investment either way.
🎯 Key points for quick navigation: 00:14 *🚗 The Rolls Royce Cullinan's pristine condition and specific features like a black badge and premium audio contribute to its value, making it a prime example for financial analysis.* 01:52 *📉 Understanding the depreciation and financial implications of leasing versus buying a $475,000 car new, where leasing incurs substantial depreciation costs over time.* 05:34 *💸 The financial comparison between leasing and "hacking" a car, demonstrating how hacking can significantly reduce total costs over a three-year period.* 09:57 *📈 Explaining the concept of "car hacking," where buying a used car after its initial depreciation period can lead to lower overall ownership costs compared to leasing or buying new.* 13:49 *🚗 Analyzing the real cost of ownership for a Rolls Royce Cullinan over one year, showing how hacking can result in significantly lower financial losses compared to leasing.* 18:56 *🛠️ Comparison of financial outcomes between conventional car financing and hacking, illustrating how hacking can reduce monthly payments and total ownership costs dramatically.* Made with HARPA AI
Compare this dude to the humble David Lee, bro even compliments his own collection.Cool video though, explains what we see Ben Mallah doing, buying a low miles Rolls and selling it before warranty up
So with 20,000 miles on the clock after 3 years (less than 7K/yr) we then do 5K/7K miles a year for the next two years and it's half the miles, no it's not - am I missing something here? Some of the maths in this doesn't add up when I look at it. Also the depreciation after year 5 at 50% making the car worth $237.5K - you wouldn't get that if you sold it as the dealer has to make money out of it. You'd get less than $200K. Maybe I'm not following correctly.
He just fails to remind you that he is comparing buying the newest model when released compared to buying a 3 year old car and keeping it for 2 more years. If you can afford a brand new Cullinan, saving $50k over 5 years isn't this concerning. Chances are you've earned mire in tax free interest over the same time which makes the whole thing free anyway
@ExoticCarHacks but I do though. And my point holds true. The fact that you are lashing out like this to your viewers and potential subscribers says all that I need to know about you. That person who will buy or lease the "New" vehicle would have already recouped those losses by way of tax free interest and write offs during that time period and would probably be looking into getting another new one in 3 to 5 years. Clearly this is not you. And go work on your math. All of your numbers were off
So let me get this straight. Buying a used car is now called hacking and is cheaper than buying the same model brand new? Who would've thought? Turns out I've been "hacking" cars my whole life and never realized it.
What color is your Bugatti?
Buying used is 1/10 the equation (and you can also hack brand new cars if you understand spec and supply/demand and MSRP increases). The rest is buying the right car at the right time, predicting what pricing will be a year from now after usage, and then driving until it meets those parameters to minimize your net cost of ownership for a far superior vehicle. And if you execute that properly, that's still just the beginning of this model.
@@MOHIMEDIALLC Red.
@@joesullivan-y9r 0 chance you have a bugatti with how little you understood the video. Watch his other content and try to learn something by dropping your ego instead of assuming you know more.
@@MOHIMEDIALLC I'll let you in on a little secret..... his content is about selling cars to the gullible and you've just identified yourself as one. This may be hard for someone like you to comprehend, but don't take advice on buying used cars from someone who is trying to sell used cars.
How cool is that? You're a genius but too poor to realize it... 😂
Chat GPT summarized this 22min video with this: buy a low mileage used car that's still under warranty.
With a good spec, no wrecks, at the right price**
Lol, that is the bottom line. Get it from a private owner also.s
And drive it every other weekend
So how do you beat depreciation? That is his magic sauce.
This is your hack? Bro, you wasted 22 min saying nothing..... Why didn't you say all of this in 2 min or less?
Buy used, take depreciation, business miles deductions, and buy vehicle under your LLC and you will be fine.
Summary: Buy a used car, don't drive it very much and get a zero percent loan. Genius!
Exactly, only drive 5k a year, I don’t think so.
If you live in a city or have multiple cars it can work.
Where do u get a zero percent loan?
@@zk9058when you sell it
@@zk9058if the car is worth more at the time of sale than projected, then you “make money” which pays for the interest. Therefore essentially “0%” all about playing the long game when you’re wealthy. Chess vs Checkers
I’ve seen videos online where people are paying $1500 month for a 10 year old Toyota Camry! Education is key!!
Bro!!! I friend was paying $1,300 for a chevy 2500 diesel, thinking that for the same money he could drove a damn cullinan
An educated person wouldn't pay this much for a luxury car payment either.
@JuliusMoore-co5hl well, I believe it depends on what social-economic level you are, an educated person with a 40-hour work week making 70k a year cant afford a medium luxury car or a SUV with a 65k sticker, same way a Superintendent making 160k a year cant afford a S650 or a BMW 750, he can a afford a 35-40k camry brand new, plus house and kids and everything else life throws at you
@@88Archila $1300 for a diesel truck??? I just got a 2021 GWagon for $800/m lol
The Camry will run and drive every day the P.O.S Rolls will be costing you $ every day in the shop
The best thing you can do is buy cars cash, drive less than 10k miles and sell it for the same price you paid for it. As long as you paid for a car that holds its value, you will get 80-110 percent of your money back and be in position to buy another car cash to repeat the process
So essentially try and find a car that has lost most of its depreciate within a certain miles. Got it
Plus is still in warranty
Tax free with a 0% apr
And a 72 month term hahaha
Great video ! You messed the math up a bit. The total cost comes out to $2650 per month but this is ideal way to buy cars I’ve been doing it for years!
He's not very good at math. Loves telling people they're broke though lol. And says that $108k + the 50k DP is not 158k but "about 150k" lol. More like about 160k but what do I know? I'm broke lol. Can't stand this guy
When has Dave Ramsey ever told someone to finance a car? Let alone over 60 months?
never
The guy is a tool
My S550 was $600 a month to buy 0 money down. In other words, buy used.😅
What year? I have an 09’ s550 4matic…
@theurbanartist775 it's a 2010 I got it in 2015
Enjoyed the analysis - very nice (and car collection). I've been considering buying a used Cullinan but never factored in the fact that the warranty should still be good for year 4 & 5 with low miles. Now (after your analysis) it looks like I'll be shopping for a 3-year-old Cullinan with low miles. Thanks.
This that MIAMI math ☠️
Yeah i remember these cowboys saying that they can make money on a gallardo. The problem is one service or repair pretty much throws their thesis out the window. Anyway paying tons of money for a car that you don't drive is a waste of money even if it was $1 a month.
Is he saying the “hack” is to barely drive the car? Like, just leave it in your garage lol 😂. If you’re starting with 15k miles over 2 years, that’s 7,500 miles a year. And if the “hack” is to drive half as much, that’s only 300 miles a month. I do that in 5 days‼️
That should be good because of course if you have a RR you have more than one car. that is how this would work for someone. But if i had a RR i wanna drive it.
If you saying you drive over 20k miles a year, it doesn't matter what car you have, it will depreciate as crazy regardless
People who buy luxury cars (cars above $250,000) don’t really drive them as commuter cars, they have a toyota or honda for that.
Matilda
Then don’t get Cullinan, mate. Plenty of other cars not to moan about.
Used cars are cheaper, got it... such a revelation.
No one should be putting $50k down payment on a lease 😅
0 down
He's right. I got a Lambo Urus that was 3 years old. Dodged a lot of the depreciation. But I also just bought a 2023 BMW-X6 Competition. I'm about to trade in my Volvo XC90 Hybrid which I bought in 2022. The Volvo is my daily car the BMW and the Urus are Friday through Sunday cars, or business-related cars. I don't ever buy cars new, unless they're Toyotas or Hondas. My dad taught me that back in the 80s when I bought my first car. A Honda Civic.
I'm about to buy a 2022 x6m comp with 15k miles. Fully loaded. What's a car hack price for that vehicle. Mineral white with Shakir orange interior?
Enjoyed. To the critics:
The term "hack" in this context refers to a smart, unconventional strategy for maximizing value while minimizing cost in exotic car ownership. It’s not just "buying used" but involves leveraging depreciation patterns, financing terms, and resale potential.
PJ reframes car ownership using asset management principles and challenges traditional car leasing and financing by demonstrating how to own luxury cars with minimal depreciation loss-thus "hacking" the system.
Summary: Buy luxury automobiles USED.
Under warranty
You have the really study the values and timing to be able
To pull this off. Great video, thank you sir
PJ is DOPE AF, when he pulls the E-board out n breaks the Hack down and starts to run numbers, ITS TIME TO STOP FRONTIN! 👊🏾
after one year membership, i finally understand this car hacking method after watching this video. i wish i knew every final depreciating point on every exotic and luxury vehicle. teach me more.
I don’t think Dave Ramsey will ever let you buy that car unless you’re ultra millionaire 7:20
yup, I caught that too , if you told him you’re thinking about buying used Rolls Royce, he’d probably shoot you lol…
I got a better hack, i stole my blind grandmas car. She aint got a clue, i pay $0 for it
Buying a used car is cheaper than buying a new car... what a genius
What’s your thoughts on using a line of credit or a high limit business credit card that offers a 0% introductory period to pay up 12-15 months of your monthly payments in advance so that now you can make a minimum payment to the line of credit/credit card every month to reduce the amount of money you have to come up with for an exotic hack?
Creative financing options are possible but be careful not to commit credit fraud
@damesmithte514 sounds like @exoticCarhacks short mad complex got mad --- what your idea is way better by using your credit card at 0% ---- there is no fraud there ---- only fraud is not making more videos like yours by using other was to for financial exotic hacking ---- your idea is great and there are much more other creating ways to get great lending ---- i was watching a video where a guy bought a building on his credit card because it was offering a 3% cash back ---- you can look it up on youtube, regardless the guy bought the building and it was over $50 million ------ great great teachers out there that dont call you retarded for not buying a RR ---- side note the guy who bought the building was calm as calm could be and never judge a person by their wallet -----
What are your thoughts on having my corporation buy it and writing most of it off on corporate taxes?
Insurance & Maintenance gotta be another $50K-$100K per year gotta factor that
This isn't hacking. You're comparing a new car lease to a used car. People lease because they want low monthly bills and no maintenance worries.
All yall see is the car note, but that maintenance gonna do damage to your pockets.
If you really want to drive a Rolls-Royce buy a 20 year old car with cash for $40,000 to $60,000. Basically nobody knows how old one of these cars are when they see one.
In simple terms is this not just buying a car after the greatest amount of depreciation ?
In the very simplest terms but you can still get crushed buying used if you don’t buy the right spec, miles, price, etc
@ thank you.
Buying after initial depreciation, adding low miles, driving under warranty, and selling when the warranty expires are the key take aways.
And now further realizing even at 6 figures I'm still broke compared to this lol
PJ, let's not forget the money factor (interest) on the lease is often high and also, lets remember section 179 deduction on a Culli due to gross weight when buying. Makes the hack that much sexier. Happy holidays, my friend. Gil
Videos like this help people optimize their savings
I have done this with certain vehicles. I also did something similar when I wanted to save as much as possible but build stronger credit. I would prepay a lease for an MB though an auto-broker. I found the numbers worked out to basically saving the down payment and around 10ish% of what the rest of the lease would have been. That said if you planned on driving more than 10k a month on avg, it might not the smartest thing to do.
Eventually, after a lease or two from MB my credit score established, I went to buying 1-2 year low mileage vehicles, and reselling them after 3 years of use. Sometimes you might manage to even breakeven or make a few bucks when dealing with certain types of luxury/sports cars. I found the Aston Vantage, S-coupes, and G-wagons to take a significant initial hit, but when bought on the used markets to basically stay close to the same value until a significant body style update.
What about the interest on the loan? The interest on the loan plus the $1200 a month in depreciation.
His handwriting gives me hope.
Hacking ❌
Hachin🌀 ✅
I'm so glad I saw this entire episode🎉
Incredible math, might get a Cullinan someday! 🚗
Used is cheaper than new. Thank god we have youtube to explain that complicated math to us.
At first when he started doing math I was like “Bro got his degree from the crusty crab” 🤣🤣 nah Jp , I took notes.
Lol. Simple and straight. I argued with a guy once who thinks driving a 0 mileage car has far better experience than used. Ive driven 0 mileage and ive driven 30k miles. People, they drive exactly the same.
Also you need to add the interest on your 300k$ per year for 2 years.@3% it will add 9k a year to your 1250$ monthly
Let's get Dave Ramsey's take on this
😂
I give this guy credit he's trying...
Actually best solution is leasing a 2yr old cullinan with a 5 yr residual open end lease buyback. Then you are saving ( in your case) 7% tax on the residual.
This guy is so fucking smart. What a cheat code. Appreciate you PJ.
People that are really wealthy value TIME. Making another million is easy. What is not mentioned in this video is some loans can go out 7 to 10 years which gets down payments further on exotic vehicles. The problem with Rolls Royce and even Mercedes dealerships is that they are not on every corner. My custom built Mercedes SUV it's 1hr drive, loaner car if can't be completed that day, and then come back to pick it up. So something simple like a sensor malfunctioning turns into burning days of time. The Toyota place is just 10 minutes away and in and out quickly. The Rolls Royce once out of warranty very expensive to maintain and repair and dealership very far away. Any repair work would need to be a mobile mechanic from the dealership that comes to ME. They won't do that so I don't buy. People that make 10 to 20 bucks an hour try to clip coupons and burn their own time. People that make 3,000 an hour care more about SERVICE and the company they use saving them TIME where they do not disrupt my busy day already. It's the HASSLE factor that wealthy people want to avoid.
I’ve tried that with a used BMW, got it for $50k including tax when it was 3 years old, and sold it 1.5 years later for $33k, so i lost $17k+. I then leased a brand new Mercedes for two years, and also paid around $17k for the lease. So this hacking didn’t work much, because for the same money I was driving a new Mercedes (worth $110k) vs a 3 years old BMW.
Moral of the story I guess is it really depends on a car, sometimes you can also hack a lease and get even better deal, but all in all you still lose money either way. It’s probably better to find something that might appreciate in value.
IDK why this video showed up on my feed. But is hacking supposed to be just getting a good deal on a used car?
Even if you drive it 5-7k miles a year instead of 15k miles a year the car will loose more value because you will sell it without warranty end of the 5th year. Can you clarify this point ?
math is , that car will be worth 80K ten years from now , just let some sucker buy it now , and keep it parked in a garage , and you buy it 10 years from now , put 10K down and drive a Cullinan with 35K miles for $700 per month … there you go , that’s your math … figuring out how to pay for maintenance and repairs will be in the next video …
So the new term for buying used is called Hacking?
This knowledge is way over my tax bracket
Love how he threw a shot at Ramsey
I know Ben Malleh pays cash for used ones and gets incredible deals. I know the cars weight means everything. It's like they're now classified as yachts or something. Somehow the business write offs are as far as I know are almost total write off for these guys when done properly. If the money is flowing you also have to put it somewhere. Being rich is tough... (but definitely goes used. They're impeccably maintained)...
Problem is u cant get the price selling it on your own, Those are dealers selling it at those prices. If u trade it in u wont get it either as the dealer will low ball it so they can make money j
You can, all students can, only lost causes who dont know what to do cant
I’m on my 7th BMW and I’ve done this for 5. Didn’t know buying CPO was “hacking”
How do you explain the difference in model year between a new car and 3-5 year old car?
FASLE!! And some truth. The most important variable missing is the money factory vs purchase interest rates. A money factor rate conversion of .9% (on cap cost) with a reasonable residual vs a rate of 5%(on MSRP OR used car sales price) can swing your payment both $1500-2k… over 36 or 60 months.. that adds up. Perhaps for this example, it’s true but it’s not always the case.
This is a great breakdown. Can you please explain this to my wife that I have been trying to explain to her for the last three vehicles including this ‘24 Mercedes S 580 that I have now🤔🎉
I’m buying a 2022 rolls and will be selling my mint, like new, Gorgeous 2014 Bentley flying spur w12 33k miles. The dealer is only offering to pay 50k trade in. Is there anything I can do? or should I just let someone else benefit and take it for that amount instead of giving it away to the dealer? Thanks
Let someone enjoy it! 😊
Is this an add for a digital black board?
Basically if you buy used with “good everything factors” and with warranty it’s very good BUT if you want to drive new than financing instead of leasing is the way to go. PLEASE ADD ANY COMMENTS IF IM WRONG OR MISSED ANY POINTS. Thx
yes correct
You forgot about the difference in sales tax on a lease for consideration. Comparing a new lease with a used purchase isn't a valid comparison.
The ad valorem tax paid on the purchase is a deduction event as well as being able to depreciate the vehicle on tax's. Great hack explanation!
Who tf buying this car has a 25% tax rate lol.
@@ceo_Angelop very much possible
Yea some who buys this and schedule 179s it and doesn’t make enough after to be in the highest tax bracket.
Or who has some convoluted tax structure that is just begging for an IRS audit.
@@ceo_Angelop it's possible with the current code, maximum tax rate, and a simple easy to quantify business.
Talk to people who have this kind of money. Trust me, we aren’t paying even 25% in taxes in our revenue.
Damn I wish I had money to buy a rolls Royce. I guess I just don’t know how this stuff works
How does front loaded interest play into the equation?
Good question. Interest is the penalty you pay for not using cash. Either you know how to make enough money with your money to offset the interest cost, which most do, or its simply your cost of getting access to cash that you don’t otherwise have. It does not equate into the hack calculation, and generally, the networking value of having the rules for something else offsets your interest cost. In this situation, the interest would cost around 800 bucks a month, which could be made by trading one watch per month with $5000 to start.
to be clear, there is no FRONT loaded interest in most car loans, they are simple interest.
@@ExoticCarHacksbut the lease payments include a significant amount of interest baked into the monthly payments. So, to compare apples-to-apples, you’d need to include cost of interest in the hack. If you borrow 250-275k, you’d lose around 20-25k a year in interest payments.
I think the other advantage of financing is accelerated tax depreciation for a vehicle this size. You can offset your taxable income by taking a faster depreciation if you finance vs leasing
But if you’re a biz owner your company pays the entire lease payment before taxes and you’re driving a new car.
Bro said a whole bunch of nothing lol
If you can't explain it simply, you don't understand it well enough. - Albert Einstein
Try to find a cullinan. Where we live..not a chance. We tried the same “hack” in Dubai.. almost zero depreciation..
Another thing: first owner created the car to his liking, you buy his taste.. not saying it’s a great investment either way.
how about the sales tax for 300K used one?
What about starting mileage for used car. U Forgot that.
Great job
Awesome, can you walk the group through how you would "Hack" a NEW car, not a used car.
If there's 20K miles on the car, and you add 5-7K per year, how do you get to half of 35K?
It's half of the gap between 20 and 35. Not half of 35.
WOW! These are gold secrets being given away for free. It looks us years to learn all these tricks.
I'll bet you took a short bus to school.
Thank you. Nice video.
Aka “True cost of ownership.”
What about tires and brakes?
What happens if the car is damaged?
🎯 Key points for quick navigation:
00:14 *🚗 The Rolls Royce Cullinan's pristine condition and specific features like a black badge and premium audio contribute to its value, making it a prime example for financial analysis.*
01:52 *📉 Understanding the depreciation and financial implications of leasing versus buying a $475,000 car new, where leasing incurs substantial depreciation costs over time.*
05:34 *💸 The financial comparison between leasing and "hacking" a car, demonstrating how hacking can significantly reduce total costs over a three-year period.*
09:57 *📈 Explaining the concept of "car hacking," where buying a used car after its initial depreciation period can lead to lower overall ownership costs compared to leasing or buying new.*
13:49 *🚗 Analyzing the real cost of ownership for a Rolls Royce Cullinan over one year, showing how hacking can result in significantly lower financial losses compared to leasing.*
18:56 *🛠️ Comparison of financial outcomes between conventional car financing and hacking, illustrating how hacking can reduce monthly payments and total ownership costs dramatically.*
Made with HARPA AI
Enjoy your $2000/month insurance premium😂
@@Qwr345 2k?
In New York 5 boroughs yes. $2000 premium. You can pull up a quote right now!!
These cars aren’t even $2000/year to insure lol
@Qwr345 who is the carrier? I use Heacock for mine. Very reasonable.
@@ExoticCarHacks they really have no idea lol
Somebody that buys a mercedez is gonna put more than 5k cowboy.
Compare this dude to the humble David Lee, bro even compliments his own collection.Cool video though, explains what we see Ben Mallah doing, buying a low miles Rolls and selling it before warranty up
Dave Ramsey gives excellent advise to poor, stupid people with no self control and no creativity.
14:50 - What interest rate and payment terms did you use for the $3800 monthly?
I agree with everything you just said, but you gotta have warranty. Without warranty you will spend more than 20000 on maintenance
You will have a warranty
The warranty is a scam as well
Where is the interest expense?
2 questions
Doesn’t this assume you’ll get a zero percent loan?
Aldo you’ll only be able to drive 5k miles per year
No its doesnt. Its actually in the video
Man that’s too much thinking just to drive rich. Crazy
However I can't lease a use car
Insurance is always a deal breaker !
So with 20,000 miles on the clock after 3 years (less than 7K/yr) we then do 5K/7K miles a year for the next two years and it's half the miles, no it's not - am I missing something here? Some of the maths in this doesn't add up when I look at it. Also the depreciation after year 5 at 50% making the car worth $237.5K - you wouldn't get that if you sold it as the dealer has to make money out of it. You'd get less than $200K. Maybe I'm not following correctly.
great info
He just fails to remind you that he is comparing buying the newest model when released compared to buying a 3 year old car and keeping it for 2 more years. If you can afford a brand new Cullinan, saving $50k over 5 years isn't this concerning. Chances are you've earned mire in tax free interest over the same time which makes the whole thing free anyway
As a person who has neither the money to own a bicycle, let alone a cullinan. You should go back to worrying about your own peasantry.
@ExoticCarHacks but I do though. And my point holds true. The fact that you are lashing out like this to your viewers and potential subscribers says all that I need to know about you. That person who will buy or lease the "New" vehicle would have already recouped those losses by way of tax free interest and write offs during that time period and would probably be looking into getting another new one in 3 to 5 years. Clearly this is not you. And go work on your math. All of your numbers were off
If BS was worth money this guy would be rich. In meantime don’t waste your time watching this B.
i am very rich, google me lol
@@ExoticCarHacks that’s exactly what he said lol .. you’re not too bright tho , are you
500k for a car is just stupid
I’d buy a L88 corvette if I were you.
Dave Ramsey says don’t finance cars at all and if you don’t know that I will trust the guru over the youtuber
If you can't afford to pay cash for a car, then you can't afford it. Save up and pay cash for an affordable vehicle.