Why I Finance My $30 Million Collection!
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- čas přidán 14. 11. 2023
- Stuck between paying for a car in full and financing? Let me tell you the reason why I choose to finance a couple of the cars in the collection instead paying for them in cash!
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Steve Hamilton: @Steve.Hamilton1 (Owner)
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Do you usually finance a vehicle or pay in cash?! what do you prefer and why?
Finance is better cuz you can invest the rest of the money on properties or BITCOIN
Cash , I ain't got to worry for money and the cars I buy are mostly 16+ years of age and rare low production ones. So I get em cheap enough to make a profit in a few days even flipping. And cause EU
Cash but austrian taxes.....RIP bank acc -.-.....but i like the :D about "Rimgodx smile" -> when EU :O :P !! Fuel ? -> this honesty is really nice
Financed my 2011 tundra because i dont have enough money to buy out right
I always finance, no tax on debt.
Dam this guy is such a great guy. Absolutely loaded with f**k you kind of cash but creates content sharing his collection for no financial gain, gives to charity and is one of the only people I know of that is super wealthy that shows what he has, explains what he spends on and why yet doesn’t come across as he’s flexing. More like trying to inspire people saying look, I came from nothing now I have all this from hard work and you can do it to! What a great guy. Hats off sir you are truly an inspiration to everyone
Exactly what you said.... down to earth genuine guy.
What's hilarious is you could rock up to his car museum and ask him to drive his chiron, and incredibly there's a good chance he'd let you do it haha. What a legend!
Cool story bro
Facts bro is the best wish they did more content but I get it take care of that fam man only young once
@prestigious5s23 this is the way he can have a lot of these cars... non profit charity its a write off.
Takes a lot of balls to put out your stuff like you're doing. but that's why I watch you. You're honest. about what you do. and what you do is good for the community. You're not thinking of yourself. You're thinking of other people around. you around you. which is an A plus to me.
God that was hard to read
@@chickenj90 Yeah, I do the voice to text. but I didn't. proofread this one.
Shout out for laying it all out and being honest about financing
Its awesome that you share your experiences and wisdom that is needed to build wealth like this. This perspective is super rare and yet here it is, for free.
This is one of the things that sets you apart from the other youtube car channels. You are completely open about where the money comes from and how you spend it. This is one reason why you'll continue to be successful and hopefully inspire the next generation to be smart with their money.
Steve is the most authentic automative youtuber. No stupid clickbait titles and thumbnails. Very transparent, informative, and cares about people even though he is loaded. It is very refreshing compared to the other well known youtubers that we all know.
Steve, thank you so much for the transparency. It takes a lot to put all your numbers out on the line, but it’s extremely beneficial for others learning about finances/cars etc! We appreciate you and your content 👏🏼
Steve you’re a good dude. Not only are you humble, but you’re transparent with all this stuff. Showing us what’s possible - true motivation.
I start my weekend every Wednesday off by tuning into see the latest video! Videos like this inspire me I was in financial ruins due to being a cook bringing in $150 a week for a year and half I have a Kia Soul GT line which isn’t the most impressive to others but to go form horrible credit card debt to a 735 credit score no co sign and 4% apr and now in a better job position I invest by bringing joy and happiness by spending a little bit every paycheck by adding wheels, Spoiler, defuser, cold air intake, interior trim kit, and making the baddest Kia Soul GT out there. I love your channel cause it brings to joy to my life by you as a person! Thank you!
Great video man, and love the explanation. Couldn't agree with you more, thanks for sharing all that. Very few that actually would and are as humble as you are
Great video. I hope people understand it and not try to trash you because of those numbers. I truly enjoy your candidness, and not be scared of stating these costs. No one ever discusses this stuff. Hopefully everyone understands, you’re free to make your decisions and what comes in and what your expenses are. If they don’t like it, then don’t watch it. Keep it up team, Great stuff.
really appreciate your honesty and HUMBLE-ness, makes watching enjoyable. and more importantly how much u give back and do for community.
Steve, I’ve been watching since the very beginning literally video #1 and from the start you guys have been one of my favorite channels. I feel like a part of the family when I watch, and the content constantly gets better. Keep it up THC!
I love it that not only are you so driven, and do it well, that you are so wealthy you can rattle those numbers off like its chicken feed lol oh and that you did so in the automotive industry. But more so, you share this for no gain other than the pleasure of giving to others, so many wins and awesome to see. Great to see people like yourselves, the FFF Collection etc sharing these awesome collections. Keep it up an the wise advice, is always great too
Dude, you're so refreshing to watch and listen to, congrats bro, you're the man!
Watched every video of yours in the last 2 years as I have worked on getting my business started. Your videos have been informational, inspirational and I really hope I get the chance to meet you one of these days after I am done putting in the work like you have to get where you are at.
Hey Steve, would you ever consider making any business videos? Those would have SO much value in them
We’ve made a few!
Love that you're open to giving out the details. Makes me realize how far away I am at owning a hypercar even though I currently own a few supercars already.
Absolutely love the transparency that Steve provides and have watched every video created. Would love to see a segment on tax advantages/loopholes as I suspect the charity based CZcams channel is a win win for charities and Steve to a certain extent.
One of the best dudes. Dudes crawling in cash but understands and shows how lucky he is to have what he has.
Most humble millionaire!!🎉
Such great content! Love your transparency and focus on your family friends and personal happiness! Keep it going!
What a genuine guy, and seems very humble... Good luck to you Sir 👍🏽
Not very often do you see people with money making such videos of their monthly payments BUT then also being sooooo mindful of folks watching the video that would never be able to afford the amounts...Well done sir, please keep up the great videos (just came across your channel yesterday) 🙏🙏👍
Never say never.
This guy is “America’s dad” The way he gives us insight, the way he explains everything is just so humbling. There’s always a “why” to everything when he talks about things. God bless you sir! 💪🏻
Bro you’re one of a kind. Love your content and who you are
Thanks for being open and honest about a world nobody would otherwise understand
Love the Cboys shirt
I love the transparency, I respect it
This is what you have absolutely done everything right in financial life looks like! I always admired this guy and hope I can be at his level sometime in my life!!
Good for you brother hard work has paid off for you and I am happy to see that you get to enjoy your time on this earth
So sick! I love the expose, thank you for sharing! I'm becoming more and more of a car enthusiast lately
No one cares FTX magic boy
Love the breakdown! I've always been a cash buyer on cars, as the overhead on it just makes me enjoy the cars less. Wild collection you got!! Love it
Thats awesome man as a business owner myself you deserve all of it brother takes alot of time to build even a small biz so why not enjoy what ya love and mine happens to be cars too !
The rain on the Roll’s windshield is soothing as hell.
Even in a CD that amount of cash would be $300k+ a year - insane what we love to splurge on
Cool to see these types of videos. Appreciate your willingness to share all these details. Fascinating
Reppin that cboys merch hell yeah
I absolutely love the honesty in this video.
The most genuine and real automotive social media personalities on the internet.
This dude is a legend… such an inspiration
Thank you soo much, this really opened my eyes to the possibility ❤❤
this dude is always posting a good, high quality video. thank you so much for the content im on the 🚽 and i couldn’t find a more perfect video to watch 😂
Damn man. Legit props. Self made success. I love that. Truly. Retiring essentially at 40 with abundance. You’re the top G for sure. 😄
He not retired
@@stevenyia2778 he is saying it pretty clearly that’s what his intension is.
I love that hes humble about it.
That is some golden advice Mr. Hamilton and congrats on the new home. 😎
Steve you are such a humble, genuine and great guy. You worked hard and now you are investing in yourself and your family. BTW Steve I think you need to get your Ferrari game up. You need to start from 812 or 296 or maybe Pista. This garage really need some more Ferraris
Thank you for showing the reality and cost of these dream cars. Insane amounts of money for us average folks.
My dream car is the cybertruck, and I may be able to afford it when mine is ready in year.
Steve your videos are awesome . You are full of wisdom and knowledge and I learn new things from you every video you upload . I do t like teslas at all but I love all of your other cars
Also
Your house is absolutely gorgeous !!!!!!
Cheers Broski !!!!!
Cool video....love that Rolls.
You going to give James a good deal on your P1?
Thanks Steve - awesome sharing and content.
the fact that you finance doesnt offend me, i personally love the fact you do that, mainly because not only are you financing future investments, you are also not shy to show them off and allow people to get behind the wheel of them, I bet there is NO one else doing this! You are a legend Steve
Doesn’t offend you? Lol who are you to be offended
I love your story living the American dream you dont need to apologize for anything!!
You, Stradman, and Shmee are my favorite car CZcamsrs. Thanks Hamilton Collection!
Same here, but I'd add DragTimes & LMR
This is the most underrated channel
Channel gonna blow up with these incoming cars......❤
Love the transparency
Bruhh you are a beast like my inspiration, man one day i would like to meet you and chop it up but one day i wanna be like you keep up the great content brotha 💪🏾
I love the transparency just subscribed
U and strand are my fav car creators just great people
It’s so damn weird watching the
Hamilton collection in Naperville I have lived here for 20 years and it’s just cool to see a giant CZcamsr in our town
this is actually blessed you're considering getting rid of the P1 and La Ferrari and the Stradman is considering buying one, it would be awesome if you and James worked out some kind of deal so we can continue seeing your cars on youtube just through another lens.
What I love about this guy is how he started from the bottom, now he's here
Thank you tire helping others
Your super successful. Good for you and your wife. Your the most down to earth guy. 99% of people wouldn't let anyone sit in there multi million dollar cars let alone drive them.
I completely agree with this logic, but this such a total flex it’s unreal, all respect
Awesome hearing the process.
Good advice. I've always told my friends too do this but some still look down on people who finance cars. Doesn't bother me having that monthly payment motivates me too get out an work
its better to finance rather blow a large amount at once
in europe here where i live...u overpay every finance 2much..not worth it...maybe there aresome shit i dont know..but man i didnt hear about it yet. i wish there was some normal humanly options...its roberry
The key here is that he financed cars that either retained their value or increased in value. A good example is the 918 and p1. If you finance a car like masarati, astin martin, some lambos, you will be losing money on depreciation with interest rates on top.
Financing is where the dealers make their money and if you don't know what you are doing you will get fleeced.
That's the wrong mentality, you don't want to be working off things you already own (especially something like a car). Smart financing is using funds to generate returns higher than the interest you're charged on the loan. Case and point 0% promotional offers on credit cards being used on something to generate returns or at the very least interest, it's free money.
youre just such a cool person handle your business take care of your family and community
Excellent content I always see them I hope to be able to visit your garage’s God bless you!
Love the life wide open shirt
Grateful for this advice fr
@thehamiltoncollection is the most slept on channel on youtube million subscribers has been due a for a while 💯
Nothing but love brother ❤❤❤
Speaking facts. So many people say dumb stuff like if you finance something then you can't afford it. Every time we open a new location we usually finance it and put our other money to use/keep it in case of the worst possible scenario. But right now with these interest rates we are loaning ourselves $3M to open up our newest location instead of paying those ridiculous rates. Its the smartest way to make and keeo money, your strategy has to be fluid with the conditions of the market
Thanks & love all the info
Smart money moves love the transparency
dont know your whole back story. im positive you worked hard for years and now you deserve all this. you are not only a great guy but ill say you are a great human for giving back. "that's what she said", keep it real
OMG…. I gotta see the Cadillac V when it’s there. I’m in Naperville. That’s my dream truck
And that’s how the rich people play the game kids, what an awesome and knowledgeable video, hats off to you sir
Love the info, as a Realtor in California, I love hearing how others invest their time and money and what they invest it on. Obviously you don’t need any help from a no one like me but there’s a couple industries that are begging to be taken advantage of when it comes to investing that yield such a high return that most people don’t even consider or think about.
For me… Finance vs cash always depends on current retail price and the rates, along with my plan to keep it or flip it when there’s equity. On real estate, we buy land and finance the spec homes we flip.
I would love to represent you in the future for any real estate deals! I know the property you are under contract on, which is extremely beautiful. I live in the area and have to say I think you will really enjoy it. Great lakes and community.
you will have 10 million subscribers in a few years and you deserve it all!
Love the video! That is how rich people work!! Thanks for showing how it works!!
Love the Cboys Shirt!
Great video. Think you will get a zr1 when it comes? It will keep up with ur super cars for $1500/mth
I work with my dad as a plumbing contractor and when we go to these hinsdale, Winnetka, wilmette, burr ridge homes, i see so many people have all this wealth and dont spend it on them selves, its so strange. Yes their house are millions, but they have generic cars, they penny pinch, they dont spend their money! So its nice to see someone say they rather invest in them selves and use it for entertainment and family after all their hard work.
Puttin that credit score through the roof!
crazy cars on the way, thats hype
walk us through your real estate portfolio rates etc. this was awesome
No wonder he so successful. He look and act so smart and know what he is doing
I love what you do!
Dude you're amazing 😍😎
You forgot the payment on NEIN 18. You mentioned the balance and interest rate, but you forgot the payment. 😊 I saw that car at the Porsche party in Fulton Market. Beautiful car. 🏁😎🏁
thx for the candor
Yours is the right perspective, build wealth... to spend a lot of it. Otherwise you're just a slave to the money, instead of the money being a tool for happiness. It's an act of balance and shows a healthy mind and spirit.
Can we please get another video breaking down how much money you have lost on cars over all like ever.
Would be super interesting to know.
I pulled a loan on the entire $96K purchase price of my '24 M4. My friend and I pooled our capital to instead purchase a 5 bedroom house, renovated the interior, and we're under contract right now at about a 40% return on investment in just over 5 total months of work. Hell yeah!
You and your buddy have the skills to do the work yourself or manage to get contractors in and still make a profit?