Are YOU Ready to Buy Your First Supercar?!
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- čas přidán 13. 06. 2024
- Are you ready to buy a supercar? From someone who owns plenty, here are some things you should take into consideration before you purchase your first supercar
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The best advice that i learned from Manny Koshbin is don’t buy a Super or Hyper car until you have 10 times the price of it in your Bank account, when you purchase a Super car you add a car to your garage but u add also maintenance and unexpected damages that can happen in futur.
I understand Manny advice but that's overkill. If most people did that - they would never own one. The 10-15% rule is enough - especially if you make even more with multiple streams of income. My investment properties pay for my exotics cars. It's many different things you can do to afford easily and responsibly. You don't need a million cash to afford a cheap 100k car. My first exotic was 100k put down 20k- financed 80k. Then traded up to more expensive cars. Now I have an Aventador, so it's not hard at all. Especially if you are making 20-25k plus a month with little to no debt with multiple streams and assets that produce income.
If you got 10x the price sitting in your bank account… you already making bad financial decision lmao.
@@william_SMMA If you have that much money sitting in your bank account, that means that you are not investing your money properly. Money sitting in the bank doesn’t really do anything for you because interest rates are so slow. It’s better to have $1 million in a place where it can make you 5% on returns rather than having that $1 million sitting in your bank account making you 0.5% returns.
@@william_SMMA Ahh, that makes more sense. There’s a big difference between have a net worth of X and having X amount of money in the bank.
@@austinmueller2889 if someone buying a 300k car while having 3 million cash in the bank. I don’t think they need any financial advise from anyone… they are smart enough to know what and when to invest.
It would be super cool to watch a video of Steve looking for & purchasing a supercar in real time; walking us through what he looks for in real time, I believe it would be very educational and fun! Love the time all of you put in to educating the viewers/public.
Agreed!
You're literally the only successful person on CZcams that I take seriously when you speak on topics like this. Thanks man.
I love the mindset about buying cars for the experience/sharing instead of the investment.
Keep it up guys, you deserve atleast 2M+ subs !
im sorry but what other then experience/sharing do u buy cars for? if u wanna invest, you'd obviously buy a stock, or real estate right? unless ure worth 100s and u buy bugattis for fun investment options?
1 sub per dollar down on their hypercar garage.
If a car cost 100k you need about a million in the bank to see it as a toy rather then you’re dream car
Yea it’s like…
A lot of people COULD buy these cars, but would have so much of their net wrapped up in a car that’s deteriorating the anxiety would be crippling.
it's refreshing to hear someone who gives honest, no BS advice, living within his means and telling us not to jump ahead of ourselves.
Na spend your bread
😂😂😂😂😂😂😂😂 you need someone on a video to tell you what to do with your money?? Supercar shopping are you??? 😂😂😂😂😂
@@jdev232 I dun, but plenty of people like you may
@DonLee1980 🤣 mine are paid for. And going by his formula, can afford a 220,000.00 supercar. You?
@@jdev232 wow, here's a star for you. Now go tell your friends about it.
I love the mindset of you guys breaking down financial purchases like houses or cars and showing not just what you did but how anyone could own one too
So freaking informative. I really appreciate the way he teaches us, it’s down to earth education.
Also, I can afford no more than a Mustang GT350 on what I make 😂
Aye that's my dream mustang so I'd be happy af
It’s a great car , probably the funnest cars I’ve owned and driven. I wanted something with more power so I sold it and bought a C7 Z06. That being said the GT350 sounds far sexier, don’t get attached to your cars though mate, enjoy it for awhile then try something else, these car companies ain’t paying you to stay loyal customers lol
Better than me atm
Bro Dats My Dream Whip😭
looks for new employees because our are rich
Thank you Steve for creating this video.. sharing information that folks actually need. Not just about cars but about finance. And for being REAL!
The greatest thing about success is being able to positively affect peoples lives. You are doing an amazing job at sharing the wealth. Not just the money and the cars; but, also the wealth of knowledge you’ve accumulated.
Thank you!
Keep doing what your doing
Inspirational, great motivation!
This is a great video. Not only you encourage retirement and investments, but also solid considerations of insurance, earnings and suggested finance details as apr, payments etc… great that you also mention modifications… different markets… you provide so many important details. The whole video is great! Keep it up! You guys are great
Cheers Steve 💪🏾 I felt like that was a one on one ‘insider’s tips’. Although I’m far from owning my own supercar, these have been great tips on life too. Just have to hear it that way 💯 Thanks to the entire team too, your guys videos lift my spirits every day, keep me going on tough days. Wish you well and great fortune (to continue on 😏) Have a great week this week 🫵🏾💯💪🏾😷
Man I love how you kept this video so real so many people either just say buy a super car if you’re able to or completely stay away but you gave a great realistic outlook
Papa Steve with the knowledge. 🤝 -Edgar
S
This guy is great. So humble. I’m a second generation business owner that just paid off our business loan and recently became a millionaire and I strive to be just like him and most importantly give back.
Teach me
@@landonmartin6350 it really is simple. Work hard, and treat other people with the respect that you yourself would want to be treated with. If you do that you will go far. Love the Naruto cover too!
@@FutureShawn0058and be lucky
Thank you, i am 20 1 semester left in college. Not looking for a super car but i do love cars and you definitely gave a lot of great affordability principles.
Loving the honesty and financial side of owning a super and hypercar collection
The humble mindset is something to take with you throughout life. Definitely need to be reminded when you JUST START getting heavier cash flow in your business
Steve Hamilton you are a wonderful individual , very humble and very knowledgeable , Thank you for allowing us to see your car collection!
I'll be honest, I never really thought about how much I liked cars until i stumbled across this channel
You have such a fun personality and you very much just enjoy the cars for the being of them, I hope I can be lucky enough to own a 1000hp+ car one day, and this collection has really gotten me motivated, thank you for the content man
Some really amazing insight you can't find anywhere els! One of the reasons this has quickly become my favorite channel!!!
Steve, you just gave out some GREAT advice. 100%. I admire that my friend ! Kudos sir.
Wow, really appreciate this actually. I’ve asked myself these questions for years and years.
thanks for the great advice i don't see a lot of super car owners going this deep into this subject
You were SO right about the bubble popping
I’d love a video of you explaining the current supercar market cause after a months of being confused, listening to you once helped me understand it a bit
All your Videos are great, always a joy to watch. :D The Info ones one Steves Business and this are especially inspirational.
An immense amount of wisdom in this video for future supercar owners.
Great advice and a reality check for most people
Thank you for the informative information, Chief 🙂 Good to know about all of this in our current situation. The world has spun totally out of shape.
Loved this video so much 👏 great advice & so transparent. Keep up the awesome work guys!
Great point about the lifestyle creep that comes with owning these cars! Its amazing how if you're suddenly driving a new sportscar people expect you to spend more (especially women on dates).
Plus, if its a lot of money (to you) it can be hard to enjoy the car as you're always worried about it getting damaged, stolen, or costing you lots in maintenance. After owning an expensive car, I learned I'm actually happier with something more affordable (but still fast/fun) that I don't stress over.
Thank you so much! Actually super informative! I was also wondering about the insurance, maintenance costs, and building a relationship with a dealer (What I should be looking for, how I should be nurturing that relationship to one day get allocation)
Thank you for transparency!
I'm onboard with your tips and advice! Although I have to say you left car enthusiasts out of the equation! I'm one of those people that loves cars, a petrolhead that has been loving them since I was a child, supercars are not only about bragging and ego, but man I'd love to have a porsche cayman GT4 and track it all day long! Won't stop till I get there :P
No huge houses, no expensive clothes, only reason I want money is to have freedom of choice in my life and to be able to drive sportcars around 😝
Nice video and car collection mate!!
that's my dream as well man, exact same car, exact same goals
Love the tips and snippets. Keep 'em comin'!
Thanks for the info Steve great channel and content
Great video way to go big for sharing your wealth of knowledge. It’s obvious you’re good businessman and make the right decisions. Congrats
realization of reality in a good way 🙏🏻
i appreciate the clarity that most dont give about affording higher end vehicles
Love your attitude about your cars. Not into the investment types. They must be driven and enjoyed.
Awesome info Steve. Thanks!
This man is right on. I bought a car last year and paid a little more but I got the one I wanted and spec I wanted so it's not all bad but if I was patient and waited I could have saved maybe around 10k but on the other hand I do real estate and rented a couple properties and got more then I was suppose to and rented out a house I just had as a second home that I barely used so on the other hand I actually made alot of money because of my purchase. Life is short tomorrow is not promised so if it doesn't effect you go get something that makes you happy if it effects you take your time and buy smart.
finally my type of videooooo 🤩 i can listen to people talk about money all day
Amazing advice. Thanks dude!!
Great advice Steve!
Steve thanks for such a informative video! I learned a lot!💯🐟
Lots of 💎s dropped in this video! Thanks for sharing 👊🏽🙏🏽💯
Really loving the breakdowns
Thank for the Video people, all the best to you.
how tf of y’all not have a mil y’all are the most entertaining car channel
Love the collection! You have some legends ✊
You are so spot on it’s insane! Got my respect. GOAT 🐐
by far the best video so far. please do more informational videos like this in the future.
Superb content never seems or heard from other YT creators out there. Keep it up !
Love the videos. Can’t get enough!
great advice all around!!!!
Thanks for the insight. By your calculations I'm at about at the level of a used Toyota Corolla. Now if I can figure out how to make $500k a year...
haha! Love it!
This was a dope video, the car shopper guy was also hilarious and really put things into perspective. You also did a great job putting this into perspective 🤝🏽🤝🏽
Can’t wait to see a million subs! Love this channel
Thank you for sharing!
very useful guide and a lot of information especially those DON'T
Hi Hamilton collection
Great informative video, appreciate it!
Great video. Would you say it is smart to take advantage of this market if we can flip our car, get into a newer (non exotic) vehicle with new warranty? Or is it best to hold on to what we have. I feel like there is a way to take advantage of these insane used car values but I’m just not sure if it would be better to just keep the vehicle or flip it.
I’m looking at getting a Guilia QV and if you budget and don’t buy expensive you can easily afford a 500-600 a month car payment(will do 50% down) and be comfy still with 100-150k salary.
Good video for people like me who love cars, GET THIS MAN A BAJILLION SUBS
I needed this information for when I get rich this year 😅
Informative, Thanks for the video
Thanks for the info!
LOVE VIDEOS LIKE THIS!! THANKYOU!!! I really want a rs5 but scared to purchase
Appreciate the info, ill definetly save my money for the next two years to catch the super opportunities
I love that you twinned a RWD Audi (which cost a boatload), and didn’t just buy an awd with better resale value.
I work in the retirement plan industry. So happy to hear you say take advantage of the match (it's free money!). I didn't realize you're in the Chicagoland area. I am just near Aurora. I need to stop by!
Love the advice
The video i didn’t know I needed 🙏
Really enjoyed this video! 😍
Appreciate the info
Hey first time commenter! Love the channel man! Great taste in cars
This guy is a good guy, keep up the videos
Beautiful video and you got me at the r8!
Some more info on the finance part would be great. I’m considering the R8 to start or a gallardo with the gated 5 speed.
The Ferarri and Mclaren have such TAsteful mods ! the 488 looks so good
‘19 Z06 is all the super car I’ll need!😎😎
Hope to see your collection some day. You got some amazing cars. Representing the midwest car scene proper. I live in Indy we just had Gumball 300 come to town in May was so epic to see some cars like yours in the wild. lol
Thanks 🙏🏾
Thank you 😊
Great educational video.
Great info 👍🏾
How did you start off in investing and starting your own business? I have a few automotive business ideas but I have no clue where to begin or who to go to.
I didn’t understand anything what Steve spoke but he sculpted in my heart to shut and work hard on something useful for next 15-20 years(I will be 32-37)
You seen honest and humble,
Other youtubers we know, they have to have like a rental or a lease cause they change to fast their exotics(like 2 to 5 mouth) suposely sell they cars
Great info 👌
Bless you man
Daaaamn respect 💯
Would love more “business” talk
Very good knowledge. Did you collect anything else like watches?
Why the fuck has this channel not blown-up??? I love your videos!!
We'll get there ;)
This is a great video that I wish that I saw 3 years ago
Steve dropping facts and bursting everyone's dreams in the process lol.