Ken, I’m 22 and I’m also a G87 owner and while I can comfortably afford it, I totally understand where you’re coming from. The emotional attachment to a car like this is real, but you will be so much happier in 10 years, and I can tell that your head is in the right place financially . They’re still going to be making this car until at least 2029, and there will be great used examples far into the future. This isn’t the end, live like you’re broke through your 20s and you’ll scratch that itch all you want for the rest of your life.
@@mattymatte6289 There's no specific rule to afford a car, everyone's situation is different. You can follow those rules and still be miserable until you're 50 to enjoy the fruits of your labor, no thanks.
Pretty much throw out the 2x rule with anything in this price range or higher. Once you break into the higher tax brackets you’re taken to the cleaners, write off half of your income (give or take in a few states) If you have dependents, mortgage, other obligations forget it.. doesn’t even really pencil out in the 3-4x realm
Sad to see you’re leaving the G87 club as a fellow owner but what you said ultimately makes the most sense. I’m in a fortunate position where I can own this car at a young age comfortably considering I don’t make a lot of money (Similar situation to another commenter) but as a super analytical person who tracks every dollar that I’ve spent on the car (mods, gas, etc), I see how much money is being essentially “wasted” during my ownership. I keep trying to manipulate the numbers to make sense but in the back of my head I know that financially, everything about cars is just a bad idea. Came back to comment after doing some budgeting and seeing how much I’d need to get a G80 xDrive but that won’t happen until far off in the future lol. Even though I may be setting myself back by holding onto this car, I ultimately think the smiles it brings to my face and the overall enjoyment of owning it justifies it for me. Still, I can’t see myself letting go of this car for something lesser but who knows, maybe that’ll change a couple months or years down the line. Goal is to have the car paid off first year out of college (and cure my car switching addiction) and I think it’s completely doable without setting my finances completely out of wack. If I didn’t have this car, I probably wouldn’t have even started working during college to be honest. Hope to see you back in a G87 soon! Your video with the downpipes inspired me to get some for my car but I quickly reverted after the smell and fear of losing warranty haha. Loved how it sounded though, can’t lie. Not sure why I’m sharing all this info online to a bunch of strangers but just decided to leave the occasional rare comment on a UA-cam video from a channel I enjoy. Best of luck to you on your future endeavors
I swear you have more wisdom and knowledge than most men double your age. It takes huge balls to admit that something like this is damaging your financial health long term, and not many enthusiasts are willing to admit that truth. With that said, your videos portray the ultimate dichotomy. The contrast between sound financial advice and ration as that beautiful inline 6 purs and the twin turbos spool up, perfectly sums up the duality of us in similar positions, and how conflicting our opinions feel. Do we listen to the voice of reason to benefit our older selves? Or do we indulge in our desires whilst we are young? Thank you for capturing what a lot of young guys are struggling with. We are all going to get there one day, but no car is worth bankrupting ourselves for. Except a G87.. ;)
I enjoy watching you and unlockable character, both of you are wise and bring a sense to what is better than buying an expensive liability and pointing to a better direction. Thank You!
loved the m2 but its okay to let something go for a better future and healthier life, even tho it hurts. embrace the struggle g. i would love to see more videos from you, the car doesnt matter, the value you give does. bless
Ken, I’m turning 24 and my parents bought me a manual G87 for graduating college about 8 months ago. The car is my daily driver and it’s fucking amazing. I put on an AA equal length and it sounds perfect. I am now living on my own and have a 9-5 making 50k a year. I have about 10k to freely invest in something. What would you advise I do with this 10k. Sad to see you sell the M2. You have a perfect spec and I think it will hold its value in about 5-10 years (even if you put miles on it). Thanks in advice, Ken!
Nice one bro, I have the same car (Auto-Toronto red). If you accept advice from a 35 years old, invest that 10k in the stock market and keep that for years. You won't regret it!
What a blessing, congratulations man. Deploying that cash without a plan is a mistake. For now it’s a nice emergency fund. I would find a way to increase your income urgently and figure out what your plan is to actually move the needle. Build a business. Buy assets. Read books, learn new skills, gain experience and follow what lights your flame. In the meantime hit the 401k for whatever your company will match. Sounds like the family is well off. 90% of generational wealth is toast by 3rd gen, if you don’t have a plan you’ll be in that group. That’s what keeps me up at night. Stay focused brother.
This video is super relevant to me. 31 years old, always driven rot box daily drivers and do all the work myself. I have older fun cars I take out on weekends ('87 325is and an '86 4000 CS Quattro) but always paid on the lower end for them and put in the time and work to get them where I want them. I'm super close to pulling the trigger on a new M3 Comp model, this is going to be my treat myself present and according to Dave I am within my means to be able to afford one. I just keep hearing from friends and other sources about the likely state of the economy in the near future. Can't help but think of the possibility of building generational wealth. I was in high school back in 2008 and remember that if you cut through all the hoopla, there were folks who essentially funded their retirement (and then some) by the time 2010 rolled around. I think the M3 can wait.
Hi Ken, G87 owner here and this is my 3rd new M2. I've had my car for right at one year now. Granted I have few years on you age wise, here is how I see things. When I had the car built I made sure not to spec it too much but to be conservative yet still have what I like in the car. Why conservative? Because the majority of options in cars don't mean much on the resell side. I always keep that in mind since I don't keep cars more than 3 years. Also, I keep the car as stock as possible not adding expensive aftermarket parts that do nothing but hurt your resell value. Sure they are cool and sound great but if you are concerned about keeping value in the car its just a waste of money. As far as depreciation goes I put no out of pocket money down on my car just rolled over equity (over $20k) from my '21 M2 Comp that I traded in and still got $51k for. My payment is only $750/mo which was only a few bucks more than my M2 Comp so financially it made sense. Last I checked even one year in I'm still up $20k in equity on my G87. I may take a hit next year but I have enough cushion to be ok. The depreciation slows down with these M's about 2 years in. Hopefully this will help you in your car buying decisions moving forward.
I can beat you. During 2020, middle of COVID, after 6 months of chemotherapy (totally fine, treatable cancer thank the lorde) I decided I wanted to buy a GT350. This was right after my brand new S1000R (full akra exhaust) was totaled at a circle (not my fault, wasnt even speeding). I walked away with more than I paid, had my sights set on a GT350. Traded in my focus ST, which I loved, put a few grand down and financed like $40k to daily drive an orange GT350. I accelerated my payments ($780+) up to $1000 a month, drove around for two years, 20k miles and traded it in for the same amount that I paid. Currently ripping around in G42. A used manual G87 is in my future, but I just bought a house so ill be on the sidelines for a bit and or until I get a nice raise. I'd rather die penniless with some cool cars/bikes is basically how I approach things.
U got it all wrong. Sell the house and get a 992 GT3 is next. Pretty reliable and keeps value! Then rent an apartment with a garage! Thank me later brotha
@@Ronrrr My mortgage is less than rent and a GT3 is basically $200k+, so basically unobtainable. Honestly a manual M2 is the sweet spot of practicality and sportiness for a daily. Love a GT3 as much as anyone but it would be miserable to use as a car.
@@LitleBear Very true. U can daily this and plenty of trunk space and what not. Gt3 def need a daily ofc. Although an older one is in the 100k+ range :)
Hey buddy’ all of us hard working men and women deserve whatever your dreams are and life is filled of difficult choices and a lot of things we’re not in control of there’s 2 ways this country’s gonna go after November 5th all we can do is pray to god 🙏 your a well deserving hard working young man glad to have met you and some of the Kaplan family god bless you guys great work being #1 🇺🇸💪🏼🦅
I'm 24 with a 2022 330i i paid it off early and I'm planning to keep it as long as possible. I get fomo because some of my friends have AMG's and M's but i want to stack bread for a while, and be responsible. I have appreciated your videos for life advice.
Damn. i got a g87 back in december and absolutely loved every moment of it. but i too have chosen the path of righteousness. 4800 miles in. according to dave im more than qualified to own it. but i feel you bro! my 162k mazda6 and a money back into the market is well worth it. although… will buy the last production year of the manual version of the g87…. amazing car. and great content. cheers
Every car is a depreciating asset as soon as you drive it off the lot. A lot of people buy cars (and stuff in general) that is well above their means. Making the smart decision to sell a car knowing that money could be in a ROTH, HYSA, etc is a mature decision. Sports cars/super cars are a very expensive toy not many can afford lol. But sometimes, that feeling of pulling G's in a turn, and smoking everything on the road is worth the money you spent. You should look into motorcycles. Much cheaper speed and fun. That money you spend on tires, insurance can be used to purchase an annual track pass. :D Just the route I went.
@@jdbsoccer100I feel like if ur gonna get these cars better to do it in your twenties. Cuz 30s for me atleast want kids etc. gonna need an M5cs by then 😂
I thought I was alone in letting shit go. I’m 22 and just sold my Supra. Shit was costing me 1100k a month total which was worth it. I decided to go ahead and invest 2k in a driving sim and I’ll just keep my slow frs as a daily. But man it hurts to let it go especially when u spent time modding it. I bought it for 65k sold it for 58k so not that bad until you account 10k in mods so definitely under but hey we look forward to what’s next to come.
@@lorry7863 it's daylight robbery here lol. £3k for insurance is a joke! The only way I could get the quote down was to get a black box. Imagine...a black box in the G87. They would have a heart attack looking at my graph 🤣🤣
@@kaplanamerica2Its because its an m2. I’m 29, my ct4v blackwing is 1100 a yr full coverage in NH. I would look into these once you feel the itch in 6 months. Plus side is gm oil change is also much cheaper, wheels are stock 18s ( read cheaper ), the list goes on.
I was in a similar situation when i was 26, when the last generation of m2c came out. I didnt pull the trigger in the end, im glad i didnt as i would have lost around £30k, whereas my investments into index funds has returned me well over £20k. Whilst a part of me wishes i had pulled the trigger. My fiesta st, which i bought outright, has been delivering 90% of the fun the m2c would have, whilst giving me the opportunity to grow my money for the future
Spend your money on what makes you happy... within reason. If you're a car guy and this makes you happy then go for it. Most cars will never make you money but they sure can make living life that much better. If you have the means and are annually making at least 2 times the cars worth I'd say you can more than afford it. You never know what lies ahead, and I'd hate to spend my life regretting that time I was in my 20s or 30s when I didn't pull the trigger on a M2 when I had the chance
Ken, I've been watching your videos, specifically the G87 M2 videos. I know you have the full AA exhaust system. I was wondering what was the catless dp you had install? Thank you so much.
If you don't mind me asking, how much are you netting (income) on a monthly basis since this car cost you $2.2K per month? Do you net at least $9.7K monthly? I know this is a personal question, but I think this is a very honest video so I want a little more insight. Completely understand if you don't want to disclose things publicly. I am in this peculiar situation as well and I am your age. I love the car I got and I can "afford" (whatever that means) it, but does seem very irresponsible. I am single and net $4200 a month and the car + insurance is costing me $950 w/o factoring in gas. Thanks for this open and honest video. Love these kinds of vids and I can hear in your voice how much you actually enjoy this car. I can tell just by the way you rip that thing off the ramp. These toys are exhilarating.
DM me for the full scoop brother. We can talk about your situation too. Let’s just say I think the 2x income rule is silly. A car that’s half your gross annual income is financially crippling. You’ll never get ahead. My decision to sell was more on the hunger to scale portfolio more aggressively and less on being tight for cash. It’s also not 100% about the money, it’s a mindset shift as well. Delayed gratification. Savings and investment. Less distraction. Less material. Hunker down on the 10 year plan to be absolutely balling out of control in 30’s. I will be uploading again soon to better articulate my thoughts on this.
@@kaplanamerica2 Appreciate you reaching out man. I sent you an email since I can't DM in youtube anymore. I guess it's time to mature a little more isn't it. Once again, thanks for the amazing vid and transparency.
On the other side, I have also known people and other countless stories of people who live frugal to save to retire and have a heart attack at 58 years old. Life is too short man. Plus, being self employed myself, you CAN expense this car if you pay for it through your business account as in monthly payments. The tax advantages are small but still there. The issue is the tolerance as you said. I would never recommend a car like this to someone living on a W2 wage maybe making less than $150,000 a year or else that person is bleeding. W2 individuals have no tax advantages. I respect the wanting to move on and cut down expenses. Onwards and upwards 🙏🏼
Maybe because of your age you’re easily influenced- unsubscribe to The Ramsey Show and all is set right my dude!!Awesome UA-cam content you bring as well. You’ll have more subscribers than your influencer and a paid off G87 in 5 years. Keep that beautiful beast it suits you well. ✌️
Hey Ken, I think you should start giving financial advice for us teens. It would be really helpful. You're like a big brother, and I feel you have a real knack for financial matters and investing.
Just turned 20 and I really need to make millions before i'm out of my 20s. I dream of M2s and Porsche's and niche collector cars but realistically there's no point burning 10s of thousands on essentially nothing atleast for a long while. I hope everyone here makes it well and can pick their dream cars again when they're set for life
Buy small multifamily in cash and thank me later. C, C- working class neighborhoods where prices are reasonable but rents are elevated. Fell into the trap of blowing my wad too when I had a big windfall. Buy cashflow asset keep the wins coming. OG M2 will do
I’m in a somewhat similar situation. I could’ve done what a lot of people around me do and take out a loan to get an m340 or m3/4, and I also could’ve kept driving my e30, but my middle ground was finding a cheap beater f30 335i that I could comfortably afford, enjoy, and it’s the perfect balance for me right now.
lmao stark contrast from the first video where you advocate for spending before the currency is debased now talking about investing and what the money can do
Value in ownership obviously.. this thing feeds the soul. USD meme coin status is major drive of urgency for me. The M2 will be worth the same 65-70k over the next few years but the buying power of that $ is washed away. Especially now, the rate of inflation is significantly higher than the CPI suggests. We need to hedge.
@@lilbottle9709 in europe you definetly can. You get a 20% discount on new vehicles. The car depreciates 15% once you are of the lot. Given its the last non hybrid M im sure you will at least recuperate your purchase amount. And even if we assume it depreciates another 20%. So what? You enjoyed your car 4 years for some 5k euro a year? Deffo fine for the fun and enjoyment you get
If kept clean, this is absolutely the case. You will see well spec’d G87’s with under 15k miles going for MSRP in the coming years. Insurance, property tax, and maintenance will be a loss though. It’s a distraction as well. It’s temptation for modification, track days, and other money hemmoraging activity.
Basically u can’t afford it I’m 21 and got bmw 2018 320i nun like the car u had but my nigha u can still get luxury shit jus be smart should’ve gotten a diff model bmw and year
Sound advice. The most powerful investment tool available to young people is time. Get advice from a financial advisor and figure out how much needs to be invested from each pay check and have it automatically deducted - if you don’t see it, you won’t miss it. Then have fun with the remaining discretionary income. If you have to wait a few years for the dream car, then wait.
Ken, I’m 22 and I’m also a G87 owner and while I can comfortably afford it, I totally understand where you’re coming from. The emotional attachment to a car like this is real, but you will be so much happier in 10 years, and I can tell that your head is in the right place financially . They’re still going to be making this car until at least 2029, and there will be great used examples far into the future. This isn’t the end, live like you’re broke through your 20s and you’ll scratch that itch all you want for the rest of your life.
"Comfortably afford". If you're not making 2x what your car cost annually on the absolute lowest end you're doing it wrong
@@mattymatte6289 Doing it wrong according to who? Your lame ass?
@@mattymatte6289 There's no specific rule to afford a car, everyone's situation is different. You can follow those rules and still be miserable until you're 50 to enjoy the fruits of your labor, no thanks.
Pretty much throw out the 2x rule with anything in this price range or higher. Once you break into the higher tax brackets you’re taken to the cleaners, write off half of your income (give or take in a few states)
If you have dependents, mortgage, other obligations forget it.. doesn’t even really pencil out in the 3-4x realm
Dad can comfortably afford it?
Sad to see you’re leaving the G87 club as a fellow owner but what you said ultimately makes the most sense.
I’m in a fortunate position where I can own this car at a young age comfortably considering I don’t make a lot of money (Similar situation to another commenter) but as a super analytical person who tracks every dollar that I’ve spent on the car (mods, gas, etc), I see how much money is being essentially “wasted” during my ownership. I keep trying to manipulate the numbers to make sense but in the back of my head I know that financially, everything about cars is just a bad idea.
Came back to comment after doing some budgeting and seeing how much I’d need to get a G80 xDrive but that won’t happen until far off in the future lol. Even though I may be setting myself back by holding onto this car, I ultimately think the smiles it brings to my face and the overall enjoyment of owning it justifies it for me. Still, I can’t see myself letting go of this car for something lesser but who knows, maybe that’ll change a couple months or years down the line. Goal is to have the car paid off first year out of college (and cure my car switching addiction) and I think it’s completely doable without setting my finances completely out of wack. If I didn’t have this car, I probably wouldn’t have even started working during college to be honest.
Hope to see you back in a G87 soon! Your video with the downpipes inspired me to get some for my car but I quickly reverted after the smell and fear of losing warranty haha. Loved how it sounded though, can’t lie.
Not sure why I’m sharing all this info online to a bunch of strangers but just decided to leave the occasional rare comment on a UA-cam video from a channel I enjoy. Best of luck to you on your future endeavors
I swear you have more wisdom and knowledge than most men double your age. It takes huge balls to admit that something like this is damaging your financial health long term, and not many enthusiasts are willing to admit that truth.
With that said, your videos portray the ultimate dichotomy. The contrast between sound financial advice and ration as that beautiful inline 6 purs and the twin turbos spool up, perfectly sums up the duality of us in similar positions, and how conflicting our opinions feel. Do we listen to the voice of reason to benefit our older selves? Or do we indulge in our desires whilst we are young?
Thank you for capturing what a lot of young guys are struggling with. We are all going to get there one day, but no car is worth bankrupting ourselves for. Except a G87.. ;)
The duality of a young man.
Eloquently said, thank you for tuning in🙏
Except he drives like a fucking idiot on a public road. Take it to the track mate.
Please continue with some videos, loved to hear your positions
This is what people need to hear man keep it up👍🏽
I enjoy watching you and unlockable character, both of you are wise and bring a sense to what is better than buying an expensive liability and pointing to a better direction. Thank You!
Keep making your videos with knowledge and wisdom for young men like our selves, I’ll keep watching in a 500 rot box for the things u have to say.
loved the m2 but its okay to let something go for a better future and healthier life, even tho it hurts. embrace the struggle g. i would love to see more videos from you, the car doesnt matter, the value you give does. bless
Sad to see the M2 go, keep the videos coming brother! Really appreciate the tid bits of life advice you give lol
Ken, I’m turning 24 and my parents bought me a manual G87 for graduating college about 8 months ago. The car is my daily driver and it’s fucking amazing. I put on an AA equal length and it sounds perfect. I am now living on my own and have a 9-5 making 50k a year. I have about 10k to freely invest in something. What would you advise I do with this 10k. Sad to see you sell the M2. You have a perfect spec and I think it will hold its value in about 5-10 years (even if you put miles on it). Thanks in advice, Ken!
damn my parents got me taco bell when I graduated
Nice one bro, I have the same car (Auto-Toronto red). If you accept advice from a 35 years old, invest that 10k in the stock market and keep that for years. You won't regret it!
holy crap dude
damn bro your parents must really really love you lmfao
What a blessing, congratulations man.
Deploying that cash without a plan is a mistake. For now it’s a nice emergency fund.
I would find a way to increase your income urgently and figure out what your plan is to actually move the needle. Build a business. Buy assets. Read books, learn new skills, gain experience and follow what lights your flame. In the meantime hit the 401k for whatever your company will match.
Sounds like the family is well off. 90% of generational wealth is toast by 3rd gen, if you don’t have a plan you’ll be in that group. That’s what keeps me up at night. Stay focused brother.
i absolutely love your mentality i have very same and di thought the same way i would love to hear you talk more about stuff like this to learn
What an amazing mindset
This video is super relevant to me. 31 years old, always driven rot box daily drivers and do all the work myself. I have older fun cars I take out on weekends ('87 325is and an '86 4000 CS Quattro) but always paid on the lower end for them and put in the time and work to get them where I want them. I'm super close to pulling the trigger on a new M3 Comp model, this is going to be my treat myself present and according to Dave I am within my means to be able to afford one. I just keep hearing from friends and other sources about the likely state of the economy in the near future. Can't help but think of the possibility of building generational wealth. I was in high school back in 2008 and remember that if you cut through all the hoopla, there were folks who essentially funded their retirement (and then some) by the time 2010 rolled around. I think the M3 can wait.
Hi Ken, G87 owner here and this is my 3rd new M2. I've had my car for right at one year now. Granted I have few years on you age wise, here is how I see things. When I had the car built I made sure not to spec it too much but to be conservative yet still have what I like in the car. Why conservative? Because the majority of options in cars don't mean much on the resell side. I always keep that in mind since I don't keep cars more than 3 years. Also, I keep the car as stock as possible not adding expensive aftermarket parts that do nothing but hurt your resell value. Sure they are cool and sound great but if you are concerned about keeping value in the car its just a waste of money. As far as depreciation goes I put no out of pocket money down on my car just rolled over equity (over $20k) from my '21 M2 Comp that I traded in and still got $51k for. My payment is only $750/mo which was only a few bucks more than my M2 Comp so financially it made sense. Last I checked even one year in I'm still up $20k in equity on my G87. I may take a hit next year but I have enough cushion to be ok. The depreciation slows down with these M's about 2 years in. Hopefully this will help you in your car buying decisions moving forward.
I can beat you. During 2020, middle of COVID, after 6 months of chemotherapy (totally fine, treatable cancer thank the lorde) I decided I wanted to buy a GT350. This was right after my brand new S1000R (full akra exhaust) was totaled at a circle (not my fault, wasnt even speeding). I walked away with more than I paid, had my sights set on a GT350. Traded in my focus ST, which I loved, put a few grand down and financed like $40k to daily drive an orange GT350. I accelerated my payments ($780+) up to $1000 a month, drove around for two years, 20k miles and traded it in for the same amount that I paid. Currently ripping around in G42. A used manual G87 is in my future, but I just bought a house so ill be on the sidelines for a bit and or until I get a nice raise. I'd rather die penniless with some cool cars/bikes is basically how I approach things.
U got it all wrong. Sell the house and get a 992 GT3 is next. Pretty reliable and keeps value! Then rent an apartment with a garage! Thank me later brotha
@@Ronrrr My mortgage is less than rent and a GT3 is basically $200k+, so basically unobtainable. Honestly a manual M2 is the sweet spot of practicality and sportiness for a daily. Love a GT3 as much as anyone but it would be miserable to use as a car.
@@LitleBear Very true. U can daily this and plenty of trunk space and what not. Gt3 def need a daily ofc. Although an older one is in the 100k+ range :)
Hey buddy’ all of us hard working men and women deserve whatever your dreams are and life is filled of difficult choices and a lot of things we’re not in control of there’s 2 ways this country’s gonna go after November 5th all we can do is pray to god 🙏 your a well deserving hard working young man glad to have met you and some of the Kaplan family god bless you guys great work being #1 🇺🇸💪🏼🦅
You’re the man J.
Brace for civil unrest.
@@kaplanamerica2absolutely 💯 this old MaN is always ready to throw down brother.I bleed our American flag🇺🇸💪🏼🦅
I'm 24 with a 2022 330i i paid it off early and I'm planning to keep it as long as possible. I get fomo because some of my friends have AMG's and M's but i want to stack bread for a while, and be responsible. I have appreciated your videos for life advice.
Bought and paid for 💪🏼stay the course brother
the 330i is a nice reliable car considering that it has a b48 in it, ride it until the wheels fall off!
@@rollbacked I don't think he meant a M330i but yes even the N52 (engine that a 330i has) is really reliable
I’ve seen people save and save and then get sick or become disabled. I think you should live it up in your prime.
Damn. i got a g87 back in december and absolutely loved every moment of it. but i too have chosen the path of righteousness. 4800 miles in. according to dave im more than qualified to own it. but i feel you bro! my 162k mazda6 and a money back into the market is well worth it. although… will buy the last production year of the manual version of the g87….
amazing car. and great content. cheers
Econ + pops and bangs was therapeutic
Hoping these prices come down. car prices are all over the place. Love the g87!
Every car is a depreciating asset as soon as you drive it off the lot. A lot of people buy cars (and stuff in general) that is well above their means. Making the smart decision to sell a car knowing that money could be in a ROTH, HYSA, etc is a mature decision. Sports cars/super cars are a very expensive toy not many can afford lol. But sometimes, that feeling of pulling G's in a turn, and smoking everything on the road is worth the money you spent. You should look into motorcycles. Much cheaper speed and fun. That money you spend on tires, insurance can be used to purchase an annual track pass. :D Just the route I went.
Motorcycles are way more dangerous
lol... this guy knows a thing or a million about bikes and riding them, u know whos kid he is right
@@goobler9820
No? Should we?
That’s fair. I held off in my 20s even though it was attainable. Cracked into the 30s recently, doing decent, so I decided to order a 2025 M2
@@jdbsoccer100I feel like if ur gonna get these cars better to do it in your twenties. Cuz 30s for me atleast want kids etc. gonna need an M5cs by then 😂
I thought I was alone in letting shit go. I’m 22 and just sold my Supra. Shit was costing me 1100k a month total which was worth it. I decided to go ahead and invest 2k in a driving sim and I’ll just keep my slow frs as a daily. But man it hurts to let it go especially when u spent time modding it. I bought it for 65k sold it for 58k so not that bad until you account 10k in mods so definitely under but hey we look forward to what’s next to come.
Supra a90?
@@GrindSzn7 for those prices? no
@@tofer980 fym I just got paid out 60k on my a90 lol
@@rileycampbell8366 wow I'm speechless.
@@rileycampbell8366can second this just got paid out 65k CAD
Holy shit your ins was $2400 a year?! Mine is $1000 full coverage. Christ that’s insane
lol that’s nothing, in the UK you’re looking at around 3k - that’s GBPounds 😂 and that’s as a 34 year old with a pristine driver record
@@lorry7863 it's daylight robbery here lol. £3k for insurance is a joke! The only way I could get the quote down was to get a black box. Imagine...a black box in the G87. They would have a heart attack looking at my graph 🤣🤣
$200/month for full coverage on a brand new 80k car as a 25 year old male is a great price.
@@kaplanamerica2Its because its an m2. I’m 29, my ct4v blackwing is 1100 a yr full coverage in NH.
I would look into these once you feel the itch in 6 months.
Plus side is gm oil change is also much cheaper, wheels are stock 18s ( read cheaper ), the list goes on.
@@kaplanamerica2 I pay 473 a month for my f82 m4 , clean record at 23. about 6000 a year!
So sad to see the car go!! May god bless you!!
You seem responsible. You could have kept it, budgeted and invested some of what you save while enjoying the car
I was in a similar situation when i was 26, when the last generation of m2c came out. I didnt pull the trigger in the end, im glad i didnt as i would have lost around £30k, whereas my investments into index funds has returned me well over £20k.
Whilst a part of me wishes i had pulled the trigger. My fiesta st, which i bought outright, has been delivering 90% of the fun the m2c would have, whilst giving me the opportunity to grow my money for the future
2025 M2 - Manual- amazing
Times are tough right now. I thought about selling my car and driving a beater until I can truly afford the next dream car
"You shouldnt be owning something like this" proceeds to row through the gears of the S58 symphony lol keep the car man
Spend your money on what makes you happy... within reason. If you're a car guy and this makes you happy then go for it. Most cars will never make you money but they sure can make living life that much better. If you have the means and are annually making at least 2 times the cars worth I'd say you can more than afford it. You never know what lies ahead, and I'd hate to spend my life regretting that time I was in my 20s or 30s when I didn't pull the trigger on a M2 when I had the chance
i bought the rustbox S10 but still kept my E92 M3. you can have both!
Im abt to get a m3 competition xdrive at 19.
What exhaust is that? 🤩
Ken, I've been watching your videos, specifically the G87 M2 videos. I know you have the full AA exhaust system. I was wondering what was the catless dp you had install? Thank you so much.
@@g87Günther MAD. Fitment was good🫡
@@kaplanamerica2 thank you so much for replying ken🙏🫡 Goodluck on your new journey but please keep posting vids still 🙏
Next episode "just picked up my new m5, you only live once"
Gotta keep it longer to lose less imo, get another one back when you are ready bro!
Insightful video, said it before don’t stop making content you’ll be on podcasts soon
Well, “If you can’t buy it 5 times, goodluck.”
plz post still:(
Damn, hate to see her go. Really hope you still continue making vids bro!
Anything done to the car? Sounds unreal
Full AA exhaust
it's over
Just beginning. Stay tuned
respect man
If you don't mind me asking, how much are you netting (income) on a monthly basis since this car cost you $2.2K per month? Do you net at least $9.7K monthly? I know this is a personal question, but I think this is a very honest video so I want a little more insight. Completely understand if you don't want to disclose things publicly. I am in this peculiar situation as well and I am your age. I love the car I got and I can "afford" (whatever that means) it, but does seem very irresponsible. I am single and net $4200 a month and the car + insurance is costing me $950 w/o factoring in gas.
Thanks for this open and honest video. Love these kinds of vids and I can hear in your voice how much you actually enjoy this car. I can tell just by the way you rip that thing off the ramp. These toys are exhilarating.
DM me for the full scoop brother. We can talk about your situation too.
Let’s just say I think the 2x income rule is silly. A car that’s half your gross annual income is financially crippling. You’ll never get ahead.
My decision to sell was more on the hunger to scale portfolio more aggressively and less on being tight for cash. It’s also not 100% about the money, it’s a mindset shift as well.
Delayed gratification. Savings and investment. Less distraction. Less material. Hunker down on the 10 year plan to be absolutely balling out of control in 30’s.
I will be uploading again soon to better articulate my thoughts on this.
@@kaplanamerica2 Appreciate you reaching out man. I sent you an email since I can't DM in youtube anymore. I guess it's time to mature a little more isn't it. Once again, thanks for the amazing vid and transparency.
0:30 Subbed for So Far Away. Banger.
Nightmare goated, front to back
@@kaplanamerica2 on GOD. My favorite cuts are. All of them😂🐐
What the actual F, so are you saying you made a 20k mistake? And what do you need before you have this car as an investor
Do you think you will regret this decision?
A lot of cash in the bank is what you need.
Yeah, total loss exceeds 20k. Most guys will lose more when they do this
No regrets
Had a 2024 mustang gt but realized I made a dumb financial decision so now I’m in civic si lol
On the other side, I have also known people and other countless stories of people who live frugal to save to retire and have a heart attack at 58 years old. Life is too short man. Plus, being self employed myself, you CAN expense this car if you pay for it through your business account as in monthly payments. The tax advantages are small but still there. The issue is the tolerance as you said. I would never recommend a car like this to someone living on a W2 wage maybe making less than $150,000 a year or else that person is bleeding. W2 individuals have no tax advantages. I respect the wanting to move on and cut down expenses. Onwards and upwards 🙏🏼
Sad to see it go. Would love to see you still comment over videos though.
Maybe because of your age you’re easily influenced- unsubscribe to The Ramsey Show and all is set right my dude!!Awesome UA-cam content you bring as well. You’ll have more subscribers than your influencer and a paid off G87 in 5 years. Keep that beautiful beast it suits you well. ✌️
Dave Ramsey is an idiot. Typical boomer
Hey Ken, I think you should start giving financial advice for us teens. It would be really helpful. You're like a big brother, and I feel you have a real knack for financial matters and investing.
Just turned 20 and I really need to make millions before i'm out of my 20s. I dream of M2s and Porsche's and niche collector cars but realistically there's no point burning 10s of thousands on essentially nothing atleast for a long while. I hope everyone here makes it well and can pick their dream cars again when they're set for life
hopefully coming into a lot of money soon to buy an m2 all cash and still have plenty left over
Buy small multifamily in cash and thank me later. C, C- working class neighborhoods where prices are reasonable but rents are elevated.
Fell into the trap of blowing my wad too when I had a big windfall. Buy cashflow asset keep the wins coming.
OG M2 will do
@@kaplanamerica2 so tempting to buy one but you're right the income off the property could pay for the car note would be foolish any other way
Saw your for sale on FB marketplace, what do you do for a living?
I may be wrong but from his other videos it seems like he has a business where he buys and sells motor cycles in bulk
Motorcycle dealer.
High volume sales 100+ units a month.
#1 dealer for unit sales in North America this year for KTM Group, Stark, and Buell.
@@kaplanamerica2 that’s awesome, how did you get into that business? I am 21 and in my senior year of college working on a personal business.
@@flunf4211his dad owns the business
What exhaust is on this? Looking for one for my G82
Active autowerke equal length and rear section. Catless dp’s
1. Don’t “buy” a car u cant afford
2. Don’t mod a car u don’t own
I’m in a somewhat similar situation. I could’ve done what a lot of people around me do and take out a loan to get an m340 or m3/4, and I also could’ve kept driving my e30, but my middle ground was finding a cheap beater f30 335i that I could comfortably afford, enjoy, and it’s the perfect balance for me right now.
Middle ground 🫡
Hey @ken
Are these seats comfortable? I am considering these and the cheaper ones.
Buckets are the best thing about the car. Comfortable enough to tour in. Don’t listen to complainers
What do u do for a living bruh
I got a gf whos a model, lmk if u wanna trade for new M2
Why did I not realise who you were ive seen you race the 500 at southwick and your dads vids. Hate to see the beast go.😢
🙏
$2150/mo is insane bud
are you thinking about owning bitcoin ?
I am not bullish on Bitcoin
@@kaplanamerica2you should be, especially the next few months.
lmao stark contrast from the first video where you advocate for spending before the currency is debased now talking about investing and what the money can do
I NEED THE EXHAUST MANNNN!! pls (
well, the content was good while it lasted. maybe get some cheap z4 or something to keep the channel going?
I still have my S54 swapped E36 M3. Stay tuned
S54 TIME RAHHHHHHH
I think you should start viewing objects for their value not for their fiat currency market valuation
Value in ownership obviously.. this thing feeds the soul.
USD meme coin status is major drive of urgency for me. The M2 will be worth the same 65-70k over the next few years but the buying power of that $ is washed away. Especially now, the rate of inflation is significantly higher than the CPI suggests.
We need to hedge.
Not gonna lie I’m on the process of down grading as well. I rather have a bunch of cash on hand tbh.
I get it bro
This kids is why you never buy a new car
Man are you crazy? Dont sell this shit. You can drive it for another 4 years and sell it for the same amount. At least over here in Europe
no you cant dwag
@@lilbottle9709 in europe you definetly can. You get a 20% discount on new vehicles. The car depreciates 15% once you are of the lot. Given its the last non hybrid M im sure you will at least recuperate your purchase amount. And even if we assume it depreciates another 20%. So what? You enjoyed your car 4 years for some 5k euro a year? Deffo fine for the fun and enjoyment you get
If kept clean, this is absolutely the case.
You will see well spec’d G87’s with under 15k miles going for MSRP in the coming years.
Insurance, property tax, and maintenance will be a loss though. It’s a distraction as well. It’s temptation for modification, track days, and other money hemmoraging activity.
Hope you buy Bitcoin.
Basically u can’t afford it I’m 21 and got bmw 2018 320i nun like the car u had but my nigha u can still get luxury shit jus be smart should’ve gotten a diff model bmw and year
Sound advice. The most powerful investment tool available to young people is time. Get advice from a financial advisor and figure out how much needs to be invested from each pay check and have it automatically deducted - if you don’t see it, you won’t miss it. Then have fun with the remaining discretionary income. If you have to wait a few years for the dream car, then wait.
Buy e46
bye
LG
damn bro you look older than 25 for sure
I mean after about the second you…. That car isn’t going to be that expensive. Just don’t buy brand new BMWs man.