Hopefully you enjoyed this video, thanks again to Alex for showing us his McLaren! Make sure to subscribe to the channel and let me know what your car is down below and how much it costs you!
The depreciation, tax and fees, and financing doesn’t cover the $505 per month (or $6,060 per year). Using $6,060 in lieu of depreciation, tax/fees and financing would the cost per year more realistically come to $10,940. Are you estimating the value of the car at the end of 5 years to be worth $8,920 and deducting that from the total 5 year cost? Either way the five year cost will still be higher or you would have to sell the car at the end of 5 years to hit those numbers. Please let me know if I missed something. Thanks!
Dont forget if you make $200k+ in CA u get bent over hard af in taxes. You’ll be looking at $70k getting stolen before you see a dime and it only gets worse from there 😂
I’m about to turn 30 and paid the same for my 2002 Honda accord. Drove it for 10 years and invested all the money I saved. I have 200K in savings going from 40k-115k a year over those ten years, so I would say this is a great buy new cars are overrated
You can buy new if you make under $100k, like the brand new Nissan versa for example is excellent if you live in an area with moderate weather (as it’s not AWD)
Yeah don't listen to what these financial people say about financing cars. The goal should always be to get a daily that is reliable and affordable to maintain, pay it off and drive it until the wheels fall off. If you have the money to afford something nice, same thing. Porsche cayennes, if taken care of well, can get over 200k with good maintenance in mind.
@@Sakosaga I don't think any of the financial people say not to get a nice car. They say pay cash or put down a large down payment and pay off the remaining balance within 36 months. They also say to make sure the car is not a huge part of your financial world. I.e. if you make 50k a year, you probably shouldn't be buying a 50k vehicle, it should be a 25k vehicle. If I can afford an $800 payment I should be able to afford saving $800 a month for a few years for a nice down payment. Delay gratification is one behavior that people that build extraordinary wealth exhibit.
I bought my Lexus used at $14k with 60k miles 8 years ago and couldn’t be happier. You can still easily find a great used Lexus for under $20k and I highly recommend it. Over the years, I’ve had much less (and cheaper) issues than my friend’s brand new Mercedes.
That’s all I buy. I’m driving a 2011 es. Right now it is has 78,000 miles. I think it’s one of the smartest cars to buy. Usually the person before you was an older person Who did all the maintenance at the dealership. So comfortable so reliable.👍
I totally agree with you! I bought a used Toyota Highlander for 7K and it was the best choice I made. Eventually, I'd like to get an older LX or GX Lexus but I'm happy where I'm at.
You are doing it right. I drive a 2014 Mercedes E350 that I bought in 2016. Paid $40k cash for 2.5 yr old certified car with 24k miles and 12 month warranty (it's MSRP was $65k when new). Used the dealership for maintenance until the warranty expired (using other mechanics before then might void your warranty). Been using regular mechanics for routine maintenance after that. Depreciation doesn’t matter as I'm going to drive it until it needs a more expensive repair than the car's worth. This way, it's not much more than buying a brand new non-luxury car. This is the financially responsible way to do it.
@alexduvivier3322 still driving it. Just the usual oil change and needed new tires. Blind spot sensors went bad, but I just drive like any other car without it.
Last year was tough, yet I earned $100,000 pre-tax as the primary earner and household head. It's a solid start, but I'm focused on future enhancements. With two auto loans, I'm seeking solutions to offset them without resorting to costlier refinancing in the long term.
You might want to consider starting with a different approach, like the snowball method. Focus on one loan, usually the smallest one, and direct all your resources to pay it off while maintaining payments on the others.
i agree with the comment above, Another option is to work with a money coach or investment advisor. While an investmentplannner focuses on the long term, a money coach can help pay off all your debts, maximize cash flow, and create systems for proactive money management.
yes that correct. I've been consulting-w/ monicamary strigle stock broker, and it's been transformative. Making 752k in the pst 8months frm barely 150k gives me high hopes for the coming months and 2025 with the way the strategies hve worked so far
That's impressive! how can I reach this monica? I've tried finding a good adviser around me, but it seems impossible without exorbitant fees. Can you share her fee structure as well?
144,000 K salary, my car is a 2015 Hyundai Sonata Sport. My monthly payment is 235 a month( bought 4 years used) pay 250 for insurance, 100 a month for Gas( work remote). Maintenance is about 100 every 3 months
Honestly, saying you are guaranteed to earn more than a 4 year degree is pretty misleading. I have no doubt that it can work out, thats why people like him exist, but there are so many people who couldn't do ut his way, I just started an econometrics study and if you are somewhat good with it you can expect to earn around 200-300k as an employee, I know this because I've spoken with people who have done exactly that. So the best career path really depends on what someone is good at. The things Alex preaches might be true, but certaintly aren't meant for everyone.
I lost over $100k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $12500 profits weekly. Thanks Pamela Alexander
Mrs Pamela Alexander was my hope during the 'bear summer' last year. I did so many mistakes but also learned so much from it, and of course from Pamela Alexander
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
I'm new to this and have heard that now is an excellent time to buy. However, I currently have cash sitting in my bank account that I would really like to put to good use because inflation is at an all-time high. Who is this coach that you mention, and how do i reach her
2012 Toyota Scion - live in a city, so don't drive a lot -- 1200 dollars a year approximately, all paid off. 40 years old, so low insurance, and not living in HCOL area. Easy to park and low maintenance.
Paid cash for a 2023 x3 m40i last year. I chose this car because it’s the perfect balance between luxury, performance, and value. It was the first new car I decided to buy because I am debt free as of 2022 I paid off my mortgage and I love it. I highly recommend for everyone just buy what you can pay cash for! A nice car will come after your debt is gone. I started 10 years ago making 110k driving a 3k Corolla, then had to get rid of it and bought a 6,500$ civic and just saved my money and invested. It is rewarding, just be patient it’s nice to be able to stroke a check for anything you want, but you always have to be careful even when you have cash that’s why I went x3, although I could’ve bought a X5M which I wanted without going into debt.
Buying used is the best way to go, people sale cars used on Facebook with no mechanical problems for dirt cheap all the time, usually because they need quick money. I found a car for 1,100 and it has zero mechanical issues, cold AC, radio etc
We bought our 2017 Chevy bolt in 2021 (during the recall) for $16,800. We financed about 12k of that at 3.5%. Trade in value now is 8k. Insurance is around $1,600 per year. Registration is $200 per year. I think we've had one $300 repair bill, for the wheel speed sensor. Fuel cost is very small, I think less than $500 per year. For sure our electric bill has not increased more than $50 per month.
That was a very straightforward, concise and classy way to approach the question - especially when you got to Alex's McClaren, which is definitely out of reach of most people.
I bought a base model Corolla Hatchback, and it’s only 3% of my income. Looks super cool, drives well, and I get compliments on it all the time because it looks like a sports car
BMW: I love the car, but it was a horrible financial decision. Sir, I have watched your financial videos for the past seven months. Since then, I have used your practices; I have paid off my credit cards and almost my car, saving/investing 15-20% each month. Thank you, and you genuinely have been a lifesaver
Graduated college in December and make just north of 100k. Still drive my 2011 Chevy from highschool. $80 a month on gas $80 on car insurance $100 on maintenance. I learned to do most things myself. It’s my biggest cost saving category that allows me to save the amount I do. But I am tempted every day to get something nice, but will probably wait until some promotion cycles
Noice! I just got promoted and make like 50k and have been driving my Honda from 07 for two years. However now that I make more it feels I should treat myself lol
No joking!! I have been driving my 2010 Hyundai Avante which has about 231,000 miles on it now and it still runs like new!! I only spend less than three thousand dollars per year on gas, insurance, tax, maintenance, and repairs with no car payment since I bought it all in cash which was roughly 12k dollars at the time in Korea. Maybe it is because I live in Korea and things are a lot cheaper here with insurance and tax and maintenance/repairs except for the gas but I am definitely saving tons of money by owning an affordable and reliable car for a long period as it gets the job done taking me and wherever and whenever I want to go. So, the moral of the story is to buy yourself an affordable and reliable car, take good care of it, and most importantly keep it for a long period like me. It's kind of like having a long-lasting happy marriage and owning a house for a long time. It will pay off in the long run. It will save you a lot of money as well as giving you a lot of peace of mind and comfort. I just love living a minimal/simple and modest life. I would not change my car for any, seriously, not even Mercedes or McLaren even though I have the money to buy them. Well, maybe not McLaren but definitely Mercedes for sure!! Great job Humphrey!! Bye~
I always get conflicted with those videos. I know it is intended for the everyday person that sees a car as a form of transportation only, would love to see a video like that from a car enthusiast where the split is significantly more than 10%, great video still 😄
Definitely make above $100k and I definitely drive the cheaper sibling of the Toyota family - the 2022 Corolla. I bought it new, have 100k miles on it, get about 36 miles per gallon, and with regular maintenance checks I have only needed to replace brakes, tires, and fluids so far. I couldn’t be happier with a more affordable car option!
I have a 2015 CLA 250, it costs me about $800 per month between gas insurance and monthly payment as a 17 year old, and I've spent maybe $50 on maintenance so far in 8 months, one oil change and one fuse change, I've been the owner from 99k to 110k miles
I have a 2021 A220, it cost me about $100 in gas, $230 in insurance and $339 in car payment. I work from home so I’m saving on gas luckily. Bought it at 33k miles in June now it’s at 35k. Just gas and no oil changes yet.
Hey Humphrey, Thanks for another great video. I bought a 4 year old Tesla Model 3 for $21k after the used EV tax credit. I've driven it 40k miles in the last 18 months and it only costs me about $50 a month in fuel. I've replaced the tires once in that time for about $1000 and it has been in the shop once for repairs that totaled about $500.
2016 BMW, i bought new. In 2020 when I started working from home, my mindset and priorities shifted. I adopted 3 pets and bought a new house in a different state. Now my focus is investing/saving for retirement and paying off the mortgage (i owe $513k).
26 yo, drive a 22 Hyundai Ioniq 5 Dual Motor AWD. Bought it CPO in 2023 for 35k (MSRP is somewhere in the 55k range) in cash, have spent nothing in maintenance other than a new air filter!
My guy marked a $33K car as "cheap". This video should've been more appropriately labeled: "How Much Car Can You Afford: Expensive vs. More Expensive vs. The Most Expensive"
I make around $240K a year and just got a $66,400K 2024 Lincoln Nautilus. $840 a month but I treat a car as more of a wants category and put it in with my fun spending. I don’t spend on fancy clothes or shoes or even a fancy house.. etc.
We have a high yield savings account labeled "car fund" that we contribute $600 to every single month. It earns interest at 4.4%. When we need a new car, transfer from the online savings to checking and write a check. This works well because all of our vehicles are kept a minimum of 15 years. Got to say life is less stressful without debt and when you save and spend your own money it eliminates impulsive purchases.
I’ve been driving a 2009 Honda fit that u have driving around for a couple years. I’m not car savvy at all but it’s pretty low maintenance and gets great gas mileage all for the low price I paid 3500! I’m 20 so it’s my first car but I’m hoping to keep it running for at least a few more years.
2011 Kia Ceed Wagon (similar to a Kia Forte in the US), bought used for 7k. The yearly cost is around 2,5k (we have expensive gasoline and registration in Switzerland).
I drive an Audi and my costs (counting all the expenses that humphrey mentioned) come out to less than $8k per year. The key is to buy a gently used 3-4 year old car and pay with cash
I've owned a 2019 Altima Platinum for 5 years. Driven a little over 4k miles a year. Replaced the tires once (one tire was damaged, but replaced them all even though there was still plenty of tread). Cost to own per year: $5520.
I have a ioniq 28 kw 2019 bought it in 2021 for 30k$ instead of 42k$ new I charge full for around 3$ at home Or 9$ on the road rapid charger 50 kw full in 20 minutes I change the brakes after 5 years No other maintenance Original Tires are still good Insurance is a bit high But I came from a 2003 Toyota Echo that I kept for 7 years
I drive a 2006 Lamborghini Murcielago. My insurance is $3500 per year, and registration is $900 per year. I drive it approx 2k miles per year - but I budget $12k per year for maintenance. My biggest one year expense was $32k for new clutch and egear, as well as air conditioning compressor. Every year I don’t spend $12K, I roll it into next year. I bought the car outright (so no finance charges), and the car has actually appreciated over the years.
Two Hondas. Total purchase costs sub $40k. Running costs well below the 10% rule. When looking at what we “should be” driving, I think investing the difference in purchase costs vs. more expensive vehicles pays for most of my running costs. This is further improved over time when taking into account investing the difference in annual running costs.
I drive a 2017 BMW M2, I bought it new for 52k, tax title and reg I was out the door for about 56k. I put no money down with a 1.79% rate, for final payment of about $970 a month. Car was paid off in 2022. My insurance is about $100 a month and I ride my bike to work as often as possible so I only put gas in every other week, probably average $100 month. I have changed tires once for about $1400, and I perform the oil changes and regular maintenance myself. Aside from a faulty airbag that was covered under warranty I’ve had no additional maintenance expenses.
I have a 2021 A220, it cost me about $100 in gas, $230 in insurance and $339 in car payment. I work from home so I’m saving on gas luckily. Bought it at 33k miles in June now it’s at 35k. Just gas and no oil changes yet.
I make around 100k a year and have been trying to justify buying a BMW M340i since I have been around a lot of BMWs and have worked with them before. Right now I drive a ford fusion. Recently my boss let me drive a company owned M340i while my car was in the shop getting its engine replaced. Been driving a ford fusion for over 10 years and I have the cash on hand to pay for the BMW in full. Still feels hard to justify though since spending 50k on a car still feels like a lot to me.
The new 2025 Camry starts at arround 41.000 € in Romania (44300 $)...you actually have amazing car prices compared to us...A Honda civic hybrid is arround 38.000€ (41000$)... Also the average net salary is arround 1130 $
I was definitely getting gauged for insurance in BC. Clean driving record and driving age of 4 years. Credit score in the 850s (max is 900 in Canada). My insurance was $6000 a year on the base RWD model 3 with ICBC
Ha! It looks like you use the same strategy as I do - buy a 3-year-old luxury car with low mileage. I bought my 2015 Infiniti Q50 with 30K miles in November 2017 for $25K, about 60% of the new price. Paying cash, I had no finance expense. Driving about 8000 miles a year, my cost including depreciation is $8000 a year. This is easily affordable for me - and my car is dealer-maintained. P.S. - We do have property tax on cars in my state.
I got a used Alfa Romeo Giulia for 33k. Sticker price was 24k but dealer fees brought that up by a lot smh. I do drive this car a lot tho since it’s my commuter. I fill up the tank every 3-4 days which is 55-65/tank. I’m not sure how much is insurance quite yet cuz I just changed it but last month it was 240. Might be more for this month. Got an oil change for $100 at a dodge dealership since they had my car’s specific oil type. Car payment is 540 as well. This is my only real expense so I can comfortably afford it while also being able to fund my emergency fund, 401k, and Roth IRA.
From your previous videos and not to succumb to lifestyle inflation, "focus on a driving a paid off car, always drive a used car so it doesn't cannibalize your wealth". I would purchase a used suv or truck(Ford f150) between 3k to 5k so most of the depreciation have passed.
I still have my 2012 Outback I purchased in 2020. That car took me through all of college and my first year of working my job at state government which is what I am doing now. I plan on keeping it for another year or until I hit 150,000. I plan on purchasing another 2015-2017 Outback and keeping that car for another five years. I have been able to save a ton while never having to worry about a car payment for all this time I have had the car
Currently, I am at the 10 year mark on my lifetime ownership of a heavily modified 1992 Civic DX 3dr (EH2) and about 3 years on a stock 1991 Civic DX 3dr (ED6). I would like to own an FL5 but not being able to address all the repairs and electrical/software problems myself makes me less likely to throw money at the dealer markups. Plus I can't fool insurance companies with what I own. The FL5 is no secret.
2005 Mazda 6 for 5k 6 years ago. I change the oil twice a year and I replaced a valve cover gasket once. So cost to own? uhh, not even worth thinking about.
I have had a 2016 BMW M3 F80 for the past 4.5 years and it cost me the following on average. Important: The last 12 month I removed my full coverage with $2000 deductible to only comprehensive with $500 deductible. With all work done by a dealer, it would be $6500 per year. Because I did some stuff myself it was only $6000 per year for me. This includes insurance, depreciation, taxes, cleaning and maintenance/repairs. Gas should be about $1,148 per year with an average mileage of 5,500 per year with an average of $4.5 per gallon for 93 octane. This does not include two comprehensive damages where I needed to pay a total of $3099.88 and upgrade parts (grill, front lip, spoiler and battery charger) or adding functions (Apple CarPlay) that sums up to a total of $877.53.
It seems like base model cars don’t depreciate as much as they used to. I was looking at new and used base model LE Toyotas and the used cars that are 3-5 years old with 40,000+ miles were only $3,000 cheaper. In some occasions the used cars are the same price as the new car. Has anyone else noticed this where they live? I’m in Oregon and used cars are so expensive now.
The problem with the 10% rule is that the more you earn, the lower your fixed costs can be, and the more discretionary income you have. For example, if you make $200k, your fixed income can be a much lower percentage than someone who makes $40k. At that point it becomes more about what you value instead of what you need to survive. Just because you make 5x more than the other person, doesn’t mean that you should spend 5x more on everything. You can spend the same amount on most things and splurge on things that matter more to you.
Always interesting to see where you with finances, currently bought a 2024 Corolla for 24k, but with the loans interest is going go to be about 30k. With my yearly being 42k
People are saying that making 100k and having a Camry is crazy based on people making less money go and purchase BMW and Mercedes. That's the completely wrong mindset. They are doing bad stuff and you shouldn't follow them because they are making terrible financial decisions and YOU DON'T HAVE TO DO SO! I'm living with a 2005 Lexus SUV I bought this year for 4k and it's perfectly fine. Insurance is 50 USD per month. Car is just car, it moves u around and no one would look up to you just because u drive a Mercedes.
@@G-Mulaa Just daily commute about 10 miles no highway. I should probably ask the mechanic to replace the airbag. Buy a used civic or something 10k is probably gonna get u a good 10 year old civic.
I’m 21 and I have three cars. I have a mustang 2020 Ecoboost that is around 300 a month and a 2020 Tesla model 3 for 731 a month and lastly a 2019 bmw i8 roadster for 1371 a month. Insurance is about 469 a month for all cars combined.
As an exotic car owner (2023 Lambo Huracan), I personally don’t feel like I’d be able to afford the car making around $600k per year. “Comfortably afford” to me means that the car essentially has zero impact on me financially, and if it were to fall off a cliff, I wouldn’t sweat it. I make about $1.1 million annually, and I just barely feel comfortable owning the huracan. Could one go buy it making $400-$600k? Sure, but for me, it wouldn’t pass the “fall off a cliff” test
@@Yoyomanmanholla What sort of career pays 600k-1.7mil annually? That's the sort of money I can't fathom making. I'm just happy when my 45k a year job gave me a raise 3%, despite being overqualified in every metric they brought up to me and 3% not even keeping up with inflation. I make more in my investments per year than my post-tax salary. I'm not generally wasteful with money, but 200k/yr seems like a dream let alone 3x-5x that.
I’m 28, I make $130K and drive a 2019 Kia forte. The thing has probably cost me a total of $3K in maintenance in 5 years. It’s so cheap to own and I paid $20K cash for it in 2019. I’m going to keep this car and buy a new mustang Gt in cash once the new models are a couple years used and they work the kinks out.
The moat underrated thing he said this whole video is probably learning to do some of the work yourself. You'll be surprised at how cheap parts really are far cars and how ripped off these places try to charge you for things that cost pennies to the dollar on what they charge.
Bought a low mileage Sentra in 2018 for 8k after taxes/fees with cash. I was making almost 90k at that time. I make a lot more now and still drive that car. My net worth has grown A LOT as a result.
Not a fair comparison as the supercar is not being driven everyday so the fuel and maintenance costs are a lot less than they should be. Also as others have stated, a Camry even a base model is not a cheap car.
I share the same experience. I got a 2021 Lexus es350 with 14k miles for about 35k. I saw the sticker was close to 50k brand new. Thanks to flushed savings and a payout from insurance I have a small car loan
@@ryanc4955 For transportation, the city I currently live in is the best and I do realize how great it is to not have to worry about those things. And yet, I´m considering moving to the US, if I can get a visa.
My debate is always Toyota Prius prime vs Subaru forester, and the determining factor is how much it will snow in the next place I live. I have never run a calculation like this though…
FINALLY a financial UA-camr makes a video about car affordability where they don't ignore insurance and other costs when talking about the 10% rule. So many like to say you can afford a 2024 Camry on 60,000 a year. Maybe in a bubble. You have to make almost twice that to actually afford it. This is why you're my favorite finance UA-camr, you get into the numbers instead of trying to make things seem more digestible and optimistic.
I make slightly over $100k/year and bought a 2008 cobalt 5.5 years ago for $2000. I work on all my own cars so cost to own is cheap. Best investment i ever made lol
A 2019 Chevy volt one of the cheapest running cost cars. Bought it one year ago at half the msrp and the government gave me 4000.00 back on top of that. Owned a 2015 volt for 5 years before this one. Love the plugin hybrid cars.
I bought 2000 camry 140k on it was 2k dollars about 7 yrs ago. Now I am earning 130k pre tax and dont want to waste my money on buying a car. I am loving my current status and my life.
Hopefully you enjoyed this video, thanks again to Alex for showing us his McLaren! Make sure to subscribe to the channel and let me know what your car is down below and how much it costs you!
The depreciation, tax and fees, and financing doesn’t cover the $505 per month (or $6,060 per year). Using $6,060 in lieu of depreciation, tax/fees and financing would the cost per year more realistically come to $10,940. Are you estimating the value of the car at the end of 5 years to be worth $8,920 and deducting that from the total 5 year cost?
Either way the five year cost will still be higher or you would have to sell the car at the end of 5 years to hit those numbers. Please let me know if I missed something. Thanks!
Dont forget if you make $200k+ in CA u get bent over hard af in taxes. You’ll be looking at $70k getting stolen before you see a dime and it only gets worse from there 😂
I Stick to the 10% rule, and i am proud of it
If you own a supercar, you have to factor in the likelihood of a backup car...probably a Camry.
lol yep totally
Unless you buy a 911 Turbo S and make it your daily driver 😂
I would guess most supercar owners have a luxury level car as their daily not a Camry.
Rolls..
Camry is the folks who cannot afford a super car
@@ssing7113 -- I was trying to be funny, but no one seemed to get the joke.
I am 25 and I just purchased my first car last week! 2009 Toyota for $4.5k cash. I am very happy with my purchase
I’m about to turn 30 and paid the same for my 2002 Honda accord. Drove it for 10 years and invested all the money I saved. I have 200K in savings going from 40k-115k a year over those ten years, so I would say this is a great buy new cars are overrated
@@EdwinNaranjo-Valles I hope you’re investing that 200k into t-bills and the s&p 500
How many miles on it?
You have something to think about, at 25 you should be making at least 6 figures instead of celebrating 4k car purchase
@@sandboxer9723shut up
It’s crazy the recommended salary to own the Camry is like 100k 😂 definitely people making way less are buying cars in the luxury category
I read somewhere, that honestly if you don't make over 100k a year. You shouldn't be financing any brand new car...which is slightly true.
Any new car is automatically a luxury purchase. If you’re making less than $100k a year you probably can’t afford the depreciation.
Pretty much saying that under 100k we should only buy used
You can buy new if you make under $100k, like the brand new Nissan versa for example is excellent if you live in an area with moderate weather (as it’s not AWD)
This is why majority of Americans are broke.
2013 RAV4. Bought for 13k$ several years ago. It’s been paid off for awhile. I love not having a car payment. Working towards being totally debt free.
You got this 👍. Once debt free start a car sinking fund (savings designated for a car later on).
@@BrianNC81 thanks. That is my plan. To save and pay cash for a new car.
Yeah don't listen to what these financial people say about financing cars. The goal should always be to get a daily that is reliable and affordable to maintain, pay it off and drive it until the wheels fall off. If you have the money to afford something nice, same thing. Porsche cayennes, if taken care of well, can get over 200k with good maintenance in mind.
@@Sakosaga I don't think any of the financial people say not to get a nice car. They say pay cash or put down a large down payment and pay off the remaining balance within 36 months. They also say to make sure the car is not a huge part of your financial world. I.e. if you make 50k a year, you probably shouldn't be buying a 50k vehicle, it should be a 25k vehicle.
If I can afford an $800 payment I should be able to afford saving $800 a month for a few years for a nice down payment. Delay gratification is one behavior that people that build extraordinary wealth exhibit.
Everyone should just say fuck it and use their entire net worth to buy the most expensive car they can afford with cash.
Thats what I did
This is terrible, yet awesome financial advice.
and live in a shoebox
You can sleep in a car but you can’t race a house
Yeah totally 😂 let’s be dumb with our money yay
I bought my Lexus used at $14k with 60k miles 8 years ago and couldn’t be happier. You can still easily find a great used Lexus for under $20k and I highly recommend it. Over the years, I’ve had much less (and cheaper) issues than my friend’s brand new Mercedes.
thats awesome!
That’s all I buy. I’m driving a 2011 es. Right now it is has 78,000 miles. I think it’s one of the smartest cars to buy. Usually the person before you was an older person Who did all the maintenance at the dealership. So comfortable so reliable.👍
@@Urnotvirtuous exactly! 👍
I totally agree with you! I bought a used Toyota Highlander for 7K and it was the best choice I made. Eventually, I'd like to get an older LX or GX Lexus but I'm happy where I'm at.
Just had my 2009 is250 totalled. Looking into an Acura TSX wagon but loved the Lexus
Make over 100k. Drive a 2013 Ford Fusion. Love not having a car mortgage
I don’t believe that
You are doing it right. I drive a 2014 Mercedes E350 that I bought in 2016. Paid $40k cash for 2.5 yr old certified car with 24k miles and 12 month warranty (it's MSRP was $65k when new).
Used the dealership for maintenance until the warranty expired (using other mechanics before then might void your warranty). Been using regular mechanics for routine maintenance after that. Depreciation doesn’t matter as I'm going to drive it until it needs a more expensive repair than the car's worth.
This way, it's not much more than buying a brand new non-luxury car. This is the financially responsible way to do it.
Do you still own it? Also how has the maintenance been treating you?
@alexduvivier3322 still driving it. Just the usual oil change and needed new tires. Blind spot sensors went bad, but I just drive like any other car without it.
Last year was tough, yet I earned $100,000 pre-tax as the primary earner and household head. It's a solid start, but I'm focused on future enhancements. With two auto loans, I'm seeking solutions to offset them without resorting to costlier refinancing in the long term.
You might want to consider starting with a different approach, like the snowball method. Focus on one loan, usually the smallest one, and direct all your resources to pay it off while maintaining payments on the others.
i agree with the comment above, Another option is to work with a money coach or investment advisor. While an investmentplannner focuses on the long term, a money coach can help pay off all your debts, maximize cash flow, and create systems for proactive money management.
LisaMauer you sound like you have worked with an advsor . how is the experience like?
yes that correct. I've been consulting-w/ monicamary strigle stock broker, and it's been transformative. Making 752k in the pst 8months frm barely 150k gives me high hopes for the coming months and 2025 with the way the strategies hve worked so far
That's impressive! how can I reach this monica? I've tried finding a good adviser around me, but it seems impossible without exorbitant fees. Can you share her fee structure as well?
Those of us who buy sensible cars and drive them forever can pay cash for supercar but we don’t. That’s also why we ‘can’ pay cash. Priorities…
144,000 K salary, my car is a 2015 Hyundai Sonata Sport. My monthly payment is 235 a month( bought 4 years used) pay 250 for insurance, 100 a month for Gas( work remote). Maintenance is about 100 every 3 months
Honestly, saying you are guaranteed to earn more than a 4 year degree is pretty misleading. I have no doubt that it can work out, thats why people like him exist, but there are so many people who couldn't do ut his way, I just started an econometrics study and if you are somewhat good with it you can expect to earn around 200-300k as an employee, I know this because I've spoken with people who have done exactly that. So the best career path really depends on what someone is good at. The things Alex preaches might be true, but certaintly aren't meant for everyone.
You're correct!! I make a lot of money without relying on the government. Investing in stocks and digital currencies is beneficial at this moment.
I lost over $100k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $12500 profits weekly. Thanks Pamela Alexander
Mrs Pamela Alexander was my hope during the 'bear summer' last year. I did so many mistakes but also learned so much from it, and of course from Pamela Alexander
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
I'm new to this and have heard that now is an excellent time to buy. However, I currently have cash sitting in my bank account that I would really like to put to good use because inflation is at an all-time high. Who is this coach that you mention, and how do i reach her
2012 Toyota Scion - live in a city, so don't drive a lot -- 1200 dollars a year approximately, all paid off. 40 years old, so low insurance, and not living in HCOL area. Easy to park and low maintenance.
Paid cash for a 2023 x3 m40i last year. I chose this car because it’s the perfect balance between luxury, performance, and value. It was the first new car I decided to buy because I am debt free as of 2022 I paid off my mortgage and I love it. I highly recommend for everyone just buy what you can pay cash for! A nice car will come after your debt is gone. I started 10 years ago making 110k driving a 3k Corolla, then had to get rid of it and bought a 6,500$ civic and just saved my money and invested. It is rewarding, just be patient it’s nice to be able to stroke a check for anything you want, but you always have to be careful even when you have cash that’s why I went x3, although I could’ve bought a X5M which I wanted without going into debt.
Sorry for your near future loss
Buying used is the best way to go, people sale cars used on Facebook with no mechanical problems for dirt cheap all the time, usually because they need quick money. I found a car for 1,100 and it has zero mechanical issues, cold AC, radio etc
An EV comparison would be interesting (Chevy Bolt/Tesla Y/Rivian R1S).
We bought our 2017 Chevy bolt in 2021 (during the recall) for $16,800. We financed about 12k of that at 3.5%. Trade in value now is 8k. Insurance is around $1,600 per year. Registration is $200 per year. I think we've had one $300 repair bill, for the wheel speed sensor. Fuel cost is very small, I think less than $500 per year. For sure our electric bill has not increased more than $50 per month.
That was a very straightforward, concise and classy way to approach the question - especially when you got to Alex's McClaren, which is definitely out of reach of most people.
If you cant afford a "super car" with cash then you cant afford to own it, since the repairs and everything is super expensive
Yeah I was wondering why he talks about financing. Saving 70k shouldn't be a problem if you can spend 20k yearly on a car.
With that logic, no one can afford property or a car
I bought a base model Corolla Hatchback, and it’s only 3% of my income. Looks super cool, drives well, and I get compliments on it all the time because it looks like a sports car
no one thinks a corolla is a sports car lol
@@jondiguiseppi2786GR Corolla
@@jondiguiseppi2786it does look like a gr corolla which is a sports car iirc
2010 Toyota still kickin. Minimal repairs since I bought it, can’t recommend them enough.
I love your videos!!
Side note: 25 seconds in, you used the picture of a Corolla while talking about a Camry 😉
Whooooops
No worries sir! We love it nonetheless!@@humphrey
@@Tobbieslaterlike asians, they all look the same.
BMW: I love the car, but it was a horrible financial decision. Sir, I have watched your financial videos for the past seven months. Since then, I have used your practices; I have paid off my credit cards and almost my car, saving/investing 15-20% each month. Thank you, and you genuinely have been a lifesaver
Graduated college in December and make just north of 100k. Still drive my 2011 Chevy from highschool.
$80 a month on gas
$80 on car insurance
$100 on maintenance. I learned to do most things myself.
It’s my biggest cost saving category that allows me to save the amount I do. But I am tempted every day to get something nice, but will probably wait until some promotion cycles
Noice! I just got promoted and make like 50k and have been driving my Honda from 07 for two years. However now that I make more it feels I should treat myself lol
No joking!! I have been driving my 2010 Hyundai Avante which
has about 231,000 miles on it now and it still runs like new!!
I only spend less than three thousand dollars per year on
gas, insurance, tax, maintenance, and repairs with no car payment since I
bought it all in cash which was roughly 12k dollars at the time in Korea.
Maybe it is because I live in Korea and things are a lot cheaper here with insurance and tax and maintenance/repairs except for the gas
but I am definitely saving tons of money by owning an affordable and reliable car for a long
period as it gets the job done taking me and wherever and whenever I want to go. So, the moral of
the story is to buy yourself an affordable and reliable car, take good care of it, and most importantly keep
it for a long period like me. It's kind of like having a long-lasting happy marriage and owning a house for a long time. It will pay off in the long run.
It will save you a lot of money as well as giving you a lot of peace of mind and comfort. I just love living a minimal/simple and modest life.
I would not change my car for any, seriously, not even Mercedes or McLaren even though I have the money to buy them. Well, maybe not McLaren
but definitely Mercedes for sure!! Great job Humphrey!! Bye~
I always get conflicted with those videos. I know it is intended for the everyday person that sees a car as a form of transportation only, would love to see a video like that from a car enthusiast where the split is significantly more than 10%, great video still 😄
As a 19 year old car enthusiast, this video definitely made me focus on cheap sports cars😂😂
Definitely make above $100k and I definitely drive the cheaper sibling of the Toyota family - the 2022 Corolla. I bought it new, have 100k miles on it, get about 36 miles per gallon, and with regular maintenance checks I have only needed to replace brakes, tires, and fluids so far. I couldn’t be happier with a more affordable car option!
I have a 2015 CLA 250, it costs me about $800 per month between gas insurance and monthly payment as a 17 year old, and I've spent maybe $50 on maintenance so far in 8 months, one oil change and one fuse change, I've been the owner from 99k to 110k miles
I have a 2021 A220, it cost me about $100 in gas, $230 in insurance and $339 in car payment. I work from home so I’m saving on gas luckily. Bought it at 33k miles in June now it’s at 35k. Just gas and no oil changes yet.
Hey Humphrey, Thanks for another great video.
I bought a 4 year old Tesla Model 3 for $21k after the used EV tax credit. I've driven it 40k miles in the last 18 months and it only costs me about $50 a month in fuel. I've replaced the tires once in that time for about $1000 and it has been in the shop once for repairs that totaled about $500.
2016 BMW, i bought new. In 2020 when I started working from home, my mindset and priorities shifted. I adopted 3 pets and bought a new house in a different state. Now my focus is investing/saving for retirement and paying off the mortgage (i owe $513k).
Depreciation on a GLE is wild, you can buy a 3 years old GLE 350 for about 35k. Thats less than a half of original MSRP.
The discount on them are good as well, and plus most people lease
California car insurance is actually relatively cheap compared to other states. It is not a “no fault” state.
26 yo, drive a 22 Hyundai Ioniq 5 Dual Motor AWD. Bought it CPO in 2023 for 35k (MSRP is somewhere in the 55k range) in cash, have spent nothing in maintenance other than a new air filter!
Using the 10% rule I should be driving the McLaren, but I bought a used pickup instead. :D
My guy marked a $33K car as "cheap". This video should've been more appropriately labeled: "How Much Car Can You Afford: Expensive vs. More Expensive vs. The Most Expensive"
I make around $240K a year and just got a $66,400K 2024 Lincoln Nautilus. $840 a month but I treat a car as more of a wants category and put it in with my fun spending. I don’t spend on fancy clothes or shoes or even a fancy house.. etc.
We have a high yield savings account labeled "car fund" that we contribute $600 to every single month. It earns interest at 4.4%. When we need a new car, transfer from the online savings to checking and write a check. This works well because all of our vehicles are kept a minimum of 15 years.
Got to say life is less stressful without debt and when you save and spend your own money it eliminates impulsive purchases.
Who is giving you 4.4% in a hysa
@@firsthello7618 Marcus by Goldman sachs
@@firsthello7618 Marcus but lowered to 4.25 apy currently
I’ve been driving a 2009 Honda fit that u have driving around for a couple years. I’m not car savvy at all but it’s pretty low maintenance and gets great gas mileage all for the low price I paid 3500! I’m 20 so it’s my first car but I’m hoping to keep it running for at least a few more years.
2011 Kia Ceed Wagon (similar to a Kia Forte in the US), bought used for 7k. The yearly cost is around 2,5k (we have expensive gasoline and registration in Switzerland).
I drive an Audi and my costs (counting all the expenses that humphrey mentioned) come out to less than $8k per year. The key is to buy a gently used 3-4 year old car and pay with cash
I've owned a 2019 Altima Platinum for 5 years. Driven a little over 4k miles a year. Replaced the tires once (one tire was damaged, but replaced them all even though there was still plenty of tread).
Cost to own per year: $5520.
Great video guys!
Could you think about doing a similar type video on electric cars. I'd love to know how much cheaper they really are!
I have a ioniq 28 kw 2019 bought it in 2021 for 30k$ instead of 42k$ new
I charge full for around 3$ at home
Or 9$ on the road rapid charger 50 kw full in 20 minutes
I change the brakes after 5 years
No other maintenance
Original Tires are still good
Insurance is a bit high
But I came from a 2003 Toyota Echo that I kept for 7 years
I got a 2003 Honda Civic for $2500 about 6 years ago. Best investment I ever made. Got rid of my Mercedes c-class.
I drive a 2006 Lamborghini Murcielago. My insurance is $3500 per year, and registration is $900 per year. I drive it approx 2k miles per year - but I budget $12k per year for maintenance. My biggest one year expense was $32k for new clutch and egear, as well as air conditioning compressor. Every year I don’t spend $12K, I roll it into next year. I bought the car outright (so no finance charges), and the car has actually appreciated over the years.
My friend is a surgeon makes 700k and drives 2024 gle. Its 1/10 of his income
Wow, great video Humphrey! Could you give us an update on your portfolio?
Two Hondas. Total purchase costs sub $40k. Running costs well below the 10% rule.
When looking at what we “should be” driving, I think investing the difference in purchase costs vs. more expensive vehicles pays for most of my running costs. This is further improved over time when taking into account investing the difference in annual running costs.
I drive a 2017 BMW M2, I bought it new for 52k, tax title and reg I was out the door for about 56k. I put no money down with a 1.79% rate, for final payment of about $970 a month. Car was paid off in 2022. My insurance is about $100 a month and I ride my bike to work as often as possible so I only put gas in every other week, probably average $100 month. I have changed tires once for about $1400, and I perform the oil changes and regular maintenance myself. Aside from a faulty airbag that was covered under warranty I’ve had no additional maintenance expenses.
I have a 2021 A220, it cost me about $100 in gas, $230 in insurance and $339 in car payment. I work from home so I’m saving on gas luckily. Bought it at 33k miles in June now it’s at 35k. Just gas and no oil changes yet.
I make around 100k a year and have been trying to justify buying a BMW M340i since I have been around a lot of BMWs and have worked with them before. Right now I drive a ford fusion. Recently my boss let me drive a company owned M340i while my car was in the shop getting its engine replaced. Been driving a ford fusion for over 10 years and I have the cash on hand to pay for the BMW in full. Still feels hard to justify though since spending 50k on a car still feels like a lot to me.
The new 2025 Camry starts at arround 41.000 € in Romania (44300 $)...you actually have amazing car prices compared to us...A Honda civic hybrid is arround 38.000€ (41000$)... Also the average net salary is arround 1130 $
Life may be cheaper there but people forget that the iPhone is the same, cars are the same price as well
I was definitely getting gauged for insurance in BC. Clean driving record and driving age of 4 years. Credit score in the 850s (max is 900 in Canada). My insurance was $6000 a year on the base RWD model 3 with ICBC
Ha! It looks like you use the same strategy as I do - buy a 3-year-old luxury car with low mileage. I bought my 2015 Infiniti Q50 with 30K miles in November 2017 for $25K, about 60% of the new price. Paying cash, I had no finance expense. Driving about 8000 miles a year, my cost including depreciation is $8000 a year. This is easily affordable for me - and my car is dealer-maintained.
P.S. - We do have property tax on cars in my state.
I got a used Alfa Romeo Giulia for 33k. Sticker price was 24k but dealer fees brought that up by a lot smh. I do drive this car a lot tho since it’s my commuter. I fill up the tank every 3-4 days which is 55-65/tank. I’m not sure how much is insurance quite yet cuz I just changed it but last month it was 240. Might be more for this month. Got an oil change for $100 at a dodge dealership since they had my car’s specific oil type. Car payment is 540 as well. This is my only real expense so I can comfortably afford it while also being able to fund my emergency fund, 401k, and Roth IRA.
From your previous videos and not to succumb to lifestyle inflation, "focus on a driving a paid off car, always drive a used car so it doesn't cannibalize your wealth". I would purchase a used suv or truck(Ford f150) between 3k to 5k so most of the depreciation have passed.
Would love to see your breakdown of hobby’s that involve depreciating assets like boating etc.
I still have my 2012 Outback I purchased in 2020. That car took me through all of college and my first year of working my job at state government which is what I am doing now. I plan on keeping it for another year or until I hit 150,000. I plan on purchasing another 2015-2017 Outback and keeping that car for another five years. I have been able to save a ton while never having to worry about a car payment for all this time I have had the car
Currently, I am at the 10 year mark on my lifetime ownership of a heavily modified 1992 Civic DX 3dr (EH2) and about 3 years on a stock 1991 Civic DX 3dr (ED6).
I would like to own an FL5 but not being able to address all the repairs and electrical/software problems myself makes me less likely to throw money at the dealer markups. Plus I can't fool insurance companies with what I own. The FL5 is no secret.
2005 Mazda 6 for 5k 6 years ago. I change the oil twice a year and I replaced a valve cover gasket once. So cost to own? uhh, not even worth thinking about.
u should do this kind of video for a sample of used cars, im talking 5- 10 years with 10 years of ownership
Cost to own for a motorcycle including insurance would be a really helpful breakdown!
Great topic! Was looking for this content!
yay!
I’ve never seen the McLaren logo before. They really just took the Star Trek logo and rotated it 60deg.
0:25 it’s actually Corolla not Camry
I live in PA and i pay $1100 a year for full coverage on 2 cars. 16 Civic and 19 Rogue Sport
I have had a 2016 BMW M3 F80 for the past 4.5 years and it cost me the following on average.
Important: The last 12 month I removed my full coverage with $2000 deductible to only comprehensive with $500 deductible.
With all work done by a dealer, it would be $6500 per year. Because I did some stuff myself it was only $6000 per year for me. This includes insurance, depreciation, taxes, cleaning and maintenance/repairs.
Gas should be about $1,148 per year with an average mileage of 5,500 per year with an average of $4.5 per gallon for 93 octane.
This does not include two comprehensive damages where I needed to pay a total of $3099.88 and upgrade parts (grill, front lip, spoiler and battery charger) or adding functions (Apple CarPlay) that sums up to a total of $877.53.
It seems like base model cars don’t depreciate as much as they used to. I was looking at new and used base model LE Toyotas and the used cars that are 3-5 years old with 40,000+ miles were only $3,000 cheaper. In some occasions the used cars are the same price as the new car. Has anyone else noticed this where they live? I’m in Oregon and used cars are so expensive now.
2020 RX350L bought used, wife has 2015 ES300H bought used and a 2004 911 convertible for the fun car. Paid cash for the all!
The problem with the 10% rule is that the more you earn, the lower your fixed costs can be, and the more discretionary income you have.
For example, if you make $200k, your fixed income can be a much lower percentage than someone who makes $40k. At that point it becomes more about what you value instead of what you need to survive.
Just because you make 5x more than the other person, doesn’t mean that you should spend 5x more on everything. You can spend the same amount on most things and splurge on things that matter more to you.
I always buy 3-4 year old car just off lease. Normally still a bit of CPO warranty left.
Always interesting to see where you with finances, currently bought a 2024 Corolla for 24k, but with the loans interest is going go to be about 30k. With my yearly being 42k
dont forget, insurance rates have been going up constantly and doesnt look like it will stop anytime soon
150k here, driving a 2008 Honda Civic. $0 car loan feels so so nice.
People are saying that making 100k and having a Camry is crazy based on people making less money go and purchase BMW and Mercedes. That's the completely wrong mindset. They are doing bad stuff and you shouldn't follow them because they are making terrible financial decisions and YOU DON'T HAVE TO DO SO! I'm living with a 2005 Lexus SUV I bought this year for 4k and it's perfectly fine. Insurance is 50 USD per month. Car is just car, it moves u around and no one would look up to you just because u drive a Mercedes.
20 year old car u not worried about safety at that point?
@@G-Mulaa Just daily commute about 10 miles no highway. I should probably ask the mechanic to replace the airbag. Buy a used civic or something 10k is probably gonna get u a good 10 year old civic.
I’m 21 and I have three cars. I have a mustang 2020 Ecoboost that is around 300 a month and a 2020 Tesla model 3 for 731 a month and lastly a 2019 bmw i8 roadster for 1371 a month. Insurance is about 469 a month for all cars combined.
What is a “car payment”? I mean I’ve heard my butler mention that but I don’t really get it.
As an exotic car owner (2023 Lambo Huracan), I personally don’t feel like I’d be able to afford the car making around $600k per year. “Comfortably afford” to me means that the car essentially has zero impact on me financially, and if it were to fall off a cliff, I wouldn’t sweat it. I make about $1.1 million annually, and I just barely feel comfortable owning the huracan. Could one go buy it making $400-$600k? Sure, but for me, it wouldn’t pass the “fall off a cliff” test
Make 1.7mil / year . Drive a 50k 4Runner
1mil pre-tax driving a brand new lambo? I think that’s getting close to car poor
@@Yoyomanmanholla What sort of career pays 600k-1.7mil annually? That's the sort of money I can't fathom making. I'm just happy when my 45k a year job gave me a raise 3%, despite being overqualified in every metric they brought up to me and 3% not even keeping up with inflation. I make more in my investments per year than my post-tax salary. I'm not generally wasteful with money, but 200k/yr seems like a dream let alone 3x-5x that.
First!!! I own a Honda even though I could have luxury car easily lol. No regrets!
Good choice!
I’m 28, I make $130K and drive a 2019 Kia forte. The thing has probably cost me a total of $3K in maintenance in 5 years. It’s so cheap to own and I paid $20K cash for it in 2019. I’m going to keep this car and buy a new mustang Gt in cash once the new models are a couple years used and they work the kinks out.
I'd rather have the Toyota over the Mercedes. If you aren't poor the Mercedes will fix that.
Crazy to think 45 k is cheap while I still can’t justify buying a 25k car
Indeed. It’s absolute insanity what most people are paying for these days. $25k is my cutoff. Maybe $30k if it’s a really really nice car.
The moat underrated thing he said this whole video is probably learning to do some of the work yourself. You'll be surprised at how cheap parts really are far cars and how ripped off these places try to charge you for things that cost pennies to the dollar on what they charge.
Bought a low mileage Sentra in 2018 for 8k after taxes/fees with cash. I was making almost 90k at that time. I make a lot more now and still drive that car. My net worth has grown A LOT as a result.
I own a 2023 Acura TLX Type S, paid it all in cash. 33 years old, 180k salary a year, no kids.
What about adding EVs, hybrids, and maybe motorcycles into this mix? Would there be enough of a difference to compare to the "cheap" car?
Perhaps a video on the cost to own a motor car versus an EV?
Cost of owning EV vs Hybrid vs Electric
Not a fair comparison as the supercar is not being driven everyday so the fuel and maintenance costs are a lot less than they should be. Also as others have stated, a Camry even a base model is not a cheap car.
I share the same experience. I got a 2021 Lexus es350 with 14k miles for about 35k. I saw the sticker was close to 50k brand new. Thanks to flushed savings and a payout from insurance I have a small car loan
My mom paid cash for a 2010 Ford Mustang. Someone broke the taillight and the cost to replace it was over $300.
Paid GLC 300 and 192k gross. This is pretty accurate! I paid it off when I was only on 150k ish.
Living in a city with great public transportation : 100 per month. No gas, no insurance, no parking, no traffic jams. ^^
I hope you realize how lucky you are…and I’m a car enthusiast
@@ryanc4955 For transportation, the city I currently live in is the best and I do realize how great it is to not have to worry about those things. And yet, I´m considering moving to the US, if I can get a visa.
My debate is always Toyota Prius prime vs Subaru forester, and the determining factor is how much it will snow in the next place I live. I have never run a calculation like this though…
Bought a 2023 Toyota Tacoma trd pro for $52k. This year the new Tacomas are $66k
Hope you paid cash.
FINALLY a financial UA-camr makes a video about car affordability where they don't ignore insurance and other costs when talking about the 10% rule.
So many like to say you can afford a 2024 Camry on 60,000 a year. Maybe in a bubble. You have to make almost twice that to actually afford it. This is why you're my favorite finance UA-camr, you get into the numbers instead of trying to make things seem more digestible and optimistic.
I make slightly over $100k/year and bought a 2008 cobalt 5.5 years ago for $2000. I work on all my own cars so cost to own is cheap. Best investment i ever made lol
Man, I drive a Corolla I got for $400 and a plate of cookies. God bless "get my son's first car out of my freaking driveway" Facebook sales.
Must have been some great cookies!
@@jh26pt2 Must've been, I showed up with 500 dollars and the seller handed me back one of my bills.
A 2019 Chevy volt one of the cheapest running cost cars. Bought it one year ago at half the msrp and the government gave me 4000.00 back on top of that. Owned a 2015 volt for 5 years before this one. Love the plugin hybrid cars.
Great content! Humphrey Yang best wishes!
I never buy new. Certified pre owned with one owner , no accidents, less than 7k a year, fresh off the lease is the way to go
2007 Mazda 3i, spent $6000 over the last 5 years on everything for it.
I bought 2000 camry 140k on it was 2k dollars about 7 yrs ago. Now I am earning 130k pre tax and dont want to waste my money on buying a car. I am loving my current status and my life.
We all know people who don’t make 100k and they’re out here keep up with the Jones driving luxury cars!