Time to sell-my monthly payments are insane
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- Опубліковано 26 січ 2024
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James's YT channel: / thestradman - Авто та транспорт
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Sell the Bronco and the Ferrari, and go for the hunt of a other car, make that one nice and sell it, so you have fun and stuff for a youtube video.💙
I want to know who you go through for car insurance! That’s pretty good pricing for those cars!
Please subscribe to my channel, cool automotive content i am new on youtube, it mean a lot to me!! Thanks very much 😊😊😊 my channel is @testdrive.tv23
9.24 percent? you could get a better rate from the Sopranos
Dave Ramsey would have a stroke if he saw this. 😂
😂😂
LMAO
The mod you should do to all your cars is a battery cutoff switch.
I don't think most newer cars would like that very much.
@@270trevon he could always invest in some battery tenders I guess.
Love to see my guy Burlacher posting content again 🫡
I like that you’re upfront about the loans and interest. Its a good learning lesson
Really love the transparency and numbers haha. I remember at the end of 2021 you made a video about your expenses versus your youtube revenue, with it being the start of a new year it’d be interesting to see a follow up now that the channel is a couple years older. Anyway, love the videos, one of the few youtubers I’ve watched every video from haha.
I was just thinking about the same thing
Love to see the frequent uploads! It’s like a little gift 😉
So nice to see and hear from you twice in one week.And yes,I knew what that bag was immediately.Father of three.
Impressive. Only champions can handle 3 kids 💪
I have to sell my Mustang today much under value, its good that you upload this video, it makes me smile even on such a sad day
Happy new year big guy ,best wishes to the family
I grew up near an airport and I loved seeing the blue angles. That blue angel mustang is such an amazing idea and brings back nostalgic memories. Awesome cars you got there!
love you man keep up these amazing videos 😁❤
Love this guy... And it looks like the old rusty couch is gone 💯💙.. Great video, keep them coming
Great fun 🤩 listening to you Nic. You always seem so happy and I’m sure Baby 👶 B will be happy too. Best wishes, Bob M.
It’s the accountant dilema I swear. I did/do the same things lol. I swear looking at million and billion dollar accounts and condos IDs all day you become desensitized to a payment or rate since it’s a fraction of the numbers you see all day.
Just numbers on a spreadsheet, can’t feel them. But I can feel 0-60 in 3 seconds or a new track time lol
Good to have u back consistently ❤
I mean he must
I feel you on the interest with your cars. I just bought a 2021 Ford Bronco Sport with the Badlands package and in Canadas current market my interest is 8.99%. It’s ridiculous
Nick, what you need to do is keep all your shoe boxes amazing investment in a year or 2 them shoes gonna pay off grab them 4s remaster 2 pairs at lease
Maybe your problem is you sell a car because you can’t afford it then go out and but another car for the same price 😂 the cycle keeps repeating
I do the same with watches lol and cars actually. It’s a sickness
It’s a fun cycle. Haha
He said he’s not upside down so he’s doing just fine.
@@mo-ologyempowerment3851he’s upside down by a lot. He’s going off his remaining loan balances so for example the Shelby that he took a loan for 60k on 3-4 years ago is worth 45 now and he’s down 15k. He was basing it off loan amounts. That means if he just didn’t take out the car loans he would be up 300k if he just didn’t own the cars. I think it’s a great idea buying cars for content if it’s your passion but he’s obviously not very wealthy probably making 200k/yr without UA-cam. He shouldn’t have more than 1,500/mo going to cars for videos. I make a little more than 350k which is probably what he makes with UA-cam and I couldn’t afford more than the Subaru lol. I save 50% for mutual funds and 15% pre tax retirement, which is the smart thing to do. It’s not good but I think he’s entertaining, but could do better for and accountant being his net worth might be 500k and he’s around 40 only getting 50k views on a short term job. ( also when I said Shelby, talking about the Mustang.)
Funny how people are brainwashed that "debt" is good
You should consider buying a couple battery tenders for when the cars sit for so long. It’s better for the batteries and you don’t have to deal with jumping them.
Always watch the market on previous models, depreciation values etc. Yes, they can go up and yes, they can go way down. The things to keep in mind is the mileage first and foremost, 2nd is the rarity of said vehicles. Third is the hardest; can you part with said asset when the value is there?
I am someone who has been in the exact same shoes. Over years of processing how to. I do now own my own home (paid for), I own all my cars also (paid for).
Equity is king, if you know when to part with said assets you will be crushing life to the fullest!
Pro tip: get small bags to use for #2 diapers and immediately bag and take them to the outside trash. I keep my trash inside the garage so it’s less of a pain.
Your inspiration and idol guy that helped you in life would be so proud of you p.s stadman
This video was just to flex on us to show that he’s in a good financial situation either way it’s inspiring.
Absolutely NOT in a good financial position. Dude is drowning in debt, would be a millionaire much sooner by simply properly investing all those monthly payment. If you pay attention to what he says, he has under 100k in liquid available. Not smart at all
Collecting baby Burlacher shoes. That's awesome!!!!
Sometimes you just need a snack for fuel. More Content brother Burlacher
Hard to believe you have an 800+ credit score with so many vehicles financed.
Having a daughter that will be 2 in March, as soon as you walked out the garage, I knew what was in that bag🤣 that said I totally understand your situation, I struggle with that myself as my 3 payments (wife's Durango, boat and my Ferrari) total approximately the same as your payments, and I wonder if having 2 seater cars at this point in my life makes sense or not because if I take the Ferrari, either we have to take 2 cars or I go by myself, but I love the Ferrari and it has been a dream of mine since I was a child to buy one. We're very fortunate to have these kinds of "problems" to worry about, and I am definitely not complaining about my situation, just hear to say I feel you on this.
Just a suggestion; you should wrap the Hellcat just like your flannel, red and black checker baby!
It would be an experiment for science to see if people would like it and it adds zero calories!
yeah - your monthlies are INSANE! As a tiny channel, I can't imagine being able to do that kind of stuff. I struggle to keep my garbage fleet going, it's hard to conceptualize all that high end hardware.
love the content from Australia 🇦🇺
Appreciate it! Australia is on my bucket list to visit one day!
Nice one big dawg i love this kind of content !
My friend that is a lot of money for car payments but what's good about it is your UA-cam channel kind of pays the payments for them cars so actually what you're doing is smart
Assuming your channel is monetized and gets sponsor money, (which would be interesting to see with these figures - sorry I know thats probably overstepping), thats some justification for the purchases haha. Thanks for the content man, I enjoy your channel!
My wife and I payed our cars in 2006. I love not paying for a new car. Rather pay off and drive till the wheels fall off. Both run great. Need to get mine into the shop to replace the belts and fluids soon. Wife says i can go by MySQL a new MDX and nope mine is running perfect so no. I say another 10 to 15 years.
Did you air up the low psi warning, on the right rear tire on the Hellcat, that we could see in your center dash screen?
My advice would be to keep the Bronco since it is fully paid off and use that as your winter / family vehicle alongside the Subaru. Then, sell the Shelby to get rid of that high interest loan to be able to put that money towards the other cars. The interest rate on the Ferrari is crazy but I think it would be wise to keep that since it is an exotic, it can provide more diverse content apart from the muscle cars for your channel. Whichever route you decide we will still support you Burlacher!
You have 151 thousand in equity until the car market crashes and then your upside down on everything
Hey nick what battery jumper are you using been looking for a good one for my scat pack incase the battery dies lol
Thanks for being so honest about it. At least you do it for content to make income. Unfortunately, too many people watch these videos and attend cars and coffee and think they need expensive cars to show off or be part of something and screw themselves. It is not equity in the cars that you have. You just paid it down faster than they are depreciating. LOL. Rental properties on the other hand are not as flashy, BUT the income from them over time can pay for all the toys... forever! People need to buy assets that make you money to pay for the toys, or you will work forever. It is the way! Keep up the great videos!
4:21 It's funny when you say things like that because in almost evry video you open a box of brand new shoes
I’m in the UK and the numbers thrown out here (appreciated btw) make me cringe! I love your channel and honestly the American muscle does it for me more than the (very expensive) Ferrari, if selling that means you can do more then i’m all for it. ✌🏻
I’m here to support the “bad decisions”.
That’s insane to think about almost $6K a month for everything, but as long as you are still sticking to your core principal you talked about in a similar video a year or more ago that you would never spend more than your channel was making, then I think your good.
Lovely collection. I think the only one I wouldn't spend my own money on is the widebody Hellcat. For no rational reason other than personal taste I don't like the unfinished look of bolt on widebody kits.
it’s a good look ❤
@burlacher But how much do you make off UA-cam from the cars you own? It has to balance somewhere right?
Insurance there is crazyyyy cheap i live in ontario canada and i pay $205 a month for a 2003 mercury grand marquis with no tickets or accidents and have been licensed and insured for over 15 years
GO LIONS!!!
As a 21 year old with new drivers history I got a 16.5 interest on a 2011 bmw 328 and I had a 740 credit score smh times are tuff with the interest rates
At least none of the loans are upside down, that makes stomaching the debt easier when there's an escape plan should things go bad. I know some people that got high interest loans at like peak dealer markup times and the values have since come back down 😵
Exactly. And I can either refinance if rates go down or sell it if needed/desired.
I think having the hellcat and gt350 is kinda redundant I would sell 1 of those and put that towards mods/ferrari to cut down on interest expense .
Bought my 2014 911 C2S for $65k last November. Financed $40k of it with a 790 score and still got 8.99%. Hopefully rates come down this year so I can refi
I'll be honest, I'm not really into exotic car Burlacher. I have always been here for Muscle car Burlacher. As a subscriber, I would not be upset at all to see the Ferrari go.
Oh, don’t worry you’ll be fine. Just use the snowball method.
"KEEPING UP WITH THE STRADS"
😂👍
Is that kit missing a piece in the back on the charger?
Didn’t see the Ferrari on the insurance page?
Its time for a trickle charger. Please for the love of your car battery
My goal is to just drive them more. 😎
We need a Trackhawk on the channel. Family car👀
I finance my first car last year at age 40 and it was a 2024 corvette and my interest is 7.8.
How much are monthly payments on the new corvette?
so sick love that subi best car you do got in the form of real life circumstances but your other cars are fire btw love the vids you have always kept it real one of the realest channels
Appreciate it!
Those are crazy payments.
Here for the beard ❤
That's a lot of car payments
A few years ago,my ex and I purchased a new truck. Fast forward a few years and the bank has refunded all of the money that was paid on the truck due to an unfair preditory loan. Unexpectedly I may add.
I laughed when you talked about your equity in them all hahaah
I think you should lease a car like James does.
Watching this from South Africa is so funny because even with a good score the best you’ll get is 10.5%
thats crazy that what you pay for your shelby f150 is wheat i pay for my xlt 2010 f150 and ive never been pulled over or been in a crash
You pay more in car payments than I make a month 😂 keep crushin bro!! 👊
Definitely more than I used to make. I’ve been fortunate to have a good career. Keep the grind!
I wish I had some lower interest haha I was in a tight situation and got screwed for 18% interest on a 17k car…😭
sell the Bronco to have cash to make the repairs/mods to the Ferrari, and once the Subaru is paid off in about 7 months then that’s $677/month (including insurance) that’ll be freed up
what happened to the green bronco?
Awesome video
"I don't know why... it's just science."
Refinance with Mountain America CU. I use them and the rates are way better than on the truck and Ferrari. *Not a paid product placement
I think that what you failed to point out is that most of these cars are business expenses to offset income tax from UA-cam ad revenue. Some time ago you shared that you were pulling in a cool 80k per year in ad revenue. Not get rich revenue, but when offset by $72k per year in car costs, it all kind of works out that you are getting the cars cheaper than it appears.
Been looking for someone to point this out 😎 spot on 💪
I was thinking the same thing.
Maybe pay off the hellcat and use that car payment to double up on the truck or Ferrari. Just a thought
Keep pushing out videos !!
Do these monthly payments include insurance cuz they seem awful high
Yooooo love from India 🇮🇳
Your insurance isn’t bad considering the fleet.
I’m at $200 per month. On two paid off cars worth $35k. Maybe. Oh. 1 driver retired. The other is work from home.
Add $25 per month for my classic car. $45 for my freaking golf cart. Stupid…don’t ask. Suddenly I at $276 to be exact, for a much more modest “collection “. Utah sounds like a good place for car insurance premiums.
I think you did not get the price correct on the hellcat and the Shelby GT350 because of the mods they have, if they where stock maybe they would go for 50k and 65k respectively. They are extremely hard to price with those mods. Definitely not upside down but not the value you calculated I’d say
My e92 M3 is paid for
Commuter Lexus ct200h 2.14% 260 a month.
Bmw x7 4% 980 a month
Ram trx 6.4% 1320 a month.
I feel you man. Your Shelby is like my trx in that it's a family car. That's the only car I got during this economy. My plan is to keep the trx until rates are better and refinance. Potentially sell the x7 when she wife is over it. My e92 M3 is my moving savings account. It maintains good value that I can sell at any time for money. Ct 200h is too cheap to pay off similar to your Subaru.
When it's time to sell... check us out! 👍
My man stuck them poop-shooters right in the recycle bin so watch out for your 100% recycled paper plates in a few weeks 🤣🤣🤣🤣
Economy is about to collapse, and people don’t realize it’s better to have money saved them be sorry in the future
WE LOVE YOUR VIDEOS... EVEN BETTER THAN JAMES VIDEOS.
What do you do for work?
Wait, I forget, did you guys get rid of the Smart car?
A whole vid concept for a sponsor.
How much do you make a year?
Ive never had a cat payment so can't relate butni only own 3 cars and none of them is a ferrari lol.
What you didnt mention is that the revenue from you tube likely takes care of a big chunk of those car payments and as ive heard other you tubers mention you can also write them of as business expenese so that also factors in.
So with those in consideration how much does it actually cost you per month for the cars? That would be another video we would all be interested in watching.
How is it that you pay more for the truck and hellcat then the f430 in insurance though? Just due to the age of the ferrari?
Looks like you need to invest in a battery tender for that Hellcat.
If that collection was mine I would definitely sell the Hellcat, in my opinion the wide body kit is goofy looking…
Gotta love that diaper genie 😂 some might say that owning 7 cars is a good problem to have and having equity is the most important part in my opinion. Keep up the great content!
Any good refi deals for cars-probably not right now..
Paying $95 a month for the GT350 insurance and I'm paying $306/month for my 19 5.0. make it make sense
Idk what I’d do if my interest rate was only 9% my Honda accord has a 21%intrest rate but I had 500 credit when I got it
I owe zero dollars on 3 vehicles I own. 😊
Ya know, i actually really like your content. Its just missing something and i can not think of what it is. But I'm here for it nonetheless.