MONTHLY PAYMENT ON MY BMW M4 COMPETITION
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- čas přidán 25. 01. 2024
- Wanted to be transparent and share the monthly payment on my BMW M4 and give you guys advice on my experience financing the car. If you were curious on how I was able to afford this car stay tuned, I will make a video on it soon going in depth. I'm 21 years old, had no co-signs or additional help when it came to purchasing this vehicle.
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I understand what people would say about a $900+ car payment, but we wake up everyday, work, eat, sleep, and we do the same this everyday yr after yr, I say enjoy you life, do or buy what you enjoy, tomorrow in never promises, you can take the money with you, yes you need a financial plan to save money, but if you can afford it and it makes you smile everyday you drive it, then that PRICELESS.
100% agree
Right this is exactly how I said I’m living for now on. Why repeat same routine and do buy something that makes you feel good. Something you feel you deserve
lmaooo what a fool
Yes be broke and a debt slave
This is why young bucks stay broke. A $940+ car payment on an M4 or similar car is only the beginning. Include the higher cost of insurance, oil changes, tuneups, details, tires, brakes, other maintenance and upgrades is no joke. It only makes sense if you can use the vehicle for a business write off.
Stack that $$ for investments that can bring in residual income to pay for the toys.
Congrats to younger generations making money and getting what you want. I am 46 and just bought my first real nice car not dream car. Kids, college, and working your way up is hard work but the journey is priceless.
I'm 39, and I bought my first nice car for my wife in 2021 and then for myself in 2022.
it's daddy's money what making money are u talking About?
The total monthly cost isn't just "$950" a month. Insurance probably is close to $400. Premium gas only. Maintenance will be insane from oil changes to getting new tires. Calculate depreciation and interest. Probably closer to $2,000 a month to drive this if not more. Yeah not worth it man.
And if someone reading this is saying "yOuR bRoKe" I am not. I just took basic personal and corporate finance classes. They teach you to not do this. Also learned from past mistakes
Just 1 Question: Do you know what his INCOME is? That will make it make since to you befor you Judge!
Lmao. “Close to $2,000”. 🤦♂️
@@mannygonzalez4178possibly even more depending on the way he drives.
you can spend your money your way, and let others spend it on what gives their life fulfillment. You cant take your money and assets to the grave. if you don't buy the M4, your kids will!
I agree 100%. If he still lives with his parents he’s probably fine but still when you know it could be used to make investments it kills you inside
When I was your age I did the same thing - though there wasn’t an M4 I had M3s. At 46 I realize now what I gave up to own those cars. $20k (roughly what you put down) with monthly $1k contributions compounding at 7% (the credit union rate) would give you $100k in 5 years. Compound that another 20 years with the same $1k month and you’d basically have a million bucks. It’s comforting at 46 to go to bed with $1M - trust me. Enjoy your youth!!
What a good credit union to get started with at such a higher compounding interest
For real lmao. If only I could go back and slap young-me in the face. I'll have a million by 45 now but it could easily have been 4-5m given my very good salary that I BURNT to a crisp in my youth like this young man is. Have fun with it, you only live once...but if you can learn some discipline and sell that thing now you could live a life people would actually envy.
they not ready for this kind of advice. getting a 70k car at 21 and you most likely live with parents makes no sense. unless youre making 150k salary , dont do it.
@@FutureisNow183 i make almost double that in my mid 30s and cannot afford this car
@rp38you will be in no position to afford a mini van for your kids with stupid investments like this in your youth.
Rule of thumb is never spend more than 11% of your income on a car, the instant gratification lasts a couple of weeks, the damage to your bank account lasts years
If you need your car to drive to work every day and earn average salary then you probably won't be able to cut costs at 11% of your income. Maybe this rule is viable for rich people who live in a different reality.
@@heinodersanger9809 if you read my comment you would see “more than” meaning you want to be under that and 11% is a hard cap
@@heinodersanger9809 obviously owning your car and paying 0% is better
the 20/4/10 rule is not longer able to apply to the general public. The average car loan is at 69 months and income has not risen enough to reflect inflation. The goal post has moved and if you arent making more money you are deeper in debt.
exactly. if i were to get a car with that percentage i would get a car worth 4,620. In today's market that gets you garbage cars that you will need to be fixing every month. Only out of touch rich people say dumb shi like this@@heinodersanger9809
Love the video my guy. 11:42 was the most relatable thing. I'm so boring and the only thing that really drives me is my love for cars, keep up the good work
love seeing this kind of content bro, keep up the good work
Love the video keep making content love to see others win 💯
God bless you bro, I appreciate the support 🙏🏽
Never put yourself in death for garbage.
I am 32 years old and I finally bought my Dream car, I just took delivery of my 2023 Porsche 911 GT3. Just want to say your channel inspired me to pursue my dreams and goals.
What do you do
@@Nikku_GyuGyu I am a ER Physician.
what you do for a living
Cap
@@TheRealObama420
Congratulations on your new GT3! I'm very happy for you and hope you continue to get blessed. Thank you for your support 🙂
Salute to you for rewarding yourself fam. Hard work pays off. Not being outside and staying on the grind ain’t easy at our age. Allah got us 🤞🏽
Thank you akhi! May Allah reward you and bless you
Alhāmdulilah ❤
@@mooz2x what do u do if u dont mind me asking?
Ameen
Welcome to the addiction. I have 100k in the bank and every single day I look at the 5 cars I want to spend it on. Redeye hellcat, gt500, g82 m4 xdrive, m5 comp, e63s. I have a c7 z06, 2022 bmw s1000rr and it’s still not enough 😬
Property first .. depreciating cars later
😂😂 man it’s a struggle I’ll buy a car and start looking for a replacement a week after
Audi r8 👀👀
You better finance the car instead of buying it cash bc you might want to invest your money in real estate to get cash flow
buy houses first 💀
Beautiful car! The finance department in the comments may give you shit about your decisions but enjoying life while your young is priceless. You have plenty of time to grow and develop other things in life and you are aware of your decisions so keep working hard and enjoy the journey.
Greatly said.
Gorgeous Car Mooz☺ Congratulations on such an amazing Accomplishment! 🤗
First video I've seen young brother. Congrats on everything ✊🏾
Yes we want a video on finding a good deal on buying your first sports car please. 🙏🏼
Very Motivating My Brudda 🔥 & Congrats ! 🎉
im not a car person so i dont know many car terms but i find this new bmw with the new bumper looks amazing if it is a 2 door. its just good looking and its a look that keeps you coming back.
I completely agree with yo on how having a car like this motivates you . I just got an f82 m4 and what do you think about buying warranties?
Congrats on that F82! I had one before the G82 and I loved mines, it was YMB. I think warranties are cool, but if you plan on modding a car like I do it doesn't make sense to get one. Focusing on getting a clean example of a car which has good service history to me is what is crucial, especially with German cars
My pops told me if you wait for the right time to get what you want , you will find yourself waiting. There is never a good time , just go get it 😊
Fire! Grinding to get like you one day!
Thank you akhi just remember me when you get that SWE bag 🤝🏽
You can own any car ….its just a note . Congrats bro good luck with that beast 🔥🔥🔥🔥
Congrats brotha!
Great video brother way to drop knowledge in it!
Thank you fam!
@@mooz2x You're welcome brother.
If you were still paying the Old M4, how come, the leftover payment didn’t carry onto the new M4, & 20k down for a 70k car won’t bring you to 900 payment it will be up on the thousands especially with 7%
Bro on his ass 😂
I don’t think you understood me. I sold my old F82 M4 and made $12k profit on it. I bought this M4 for 74k and after my down payment my payments were 942 a month. It also depends on the term but I don’t plan to keep this car for really long so I have a longer term (lower payment)
On average it's $200 to every 10K so a 80k car would be about 1600 a month. Then if you put 20k the sale price drops to about 60K so payments should be around 1200 even with a good interest rate. But if he got it down to 54k only way to get that down to 900 he had to go 84 months
I seen where Truliant will give you payments of about 947 on 65K with terms of 8.6% for 96 months. So he may have the math right but that's a lot to spend on a car only. But people primitive what they want.
@@mooz2xif your payment is $942/month and the amount financed (after the down payment) is $74,000 then it'll take you 78 months to pay it off. You'll have to make at least $200k/annually (which I doubt you make) for the bank to approve you or else your DTI will be too high for the loan. Someone definitely co-signed for you.
Also, the time that you brought your M4 was a unique situation, it was during a time when credit criteria was laxed and stimulus money was flowing. Times have changed.
MashAllah Mooz, In Sha Allah you will continue to prosper and grow, seeing this gave me more motivation. Keep going Akhi.
first video watching. love g8x platforms. I want a e30 m3 as my dream car. next car I want is a 11 e92 m3. gonna tune in for sure. keep uploading
love your content and earned urself my sub brotha 🙏 i would love to hear more about ways to afford your dream car in ur upper teens and low 20s
Beautiful car Brother Enjoy! Hopefully it gets paid off soon, nothing like not having a recurring heavy car note every month, it's liberating
You don't get houses based off credit. You get a loan based off credit. You shop for a home with your loan once you're pre approved and depending on the state like Colorado you need atleast a 640 Credit score to qualify. Then they give you a loan amount based off other criteria 👍🏾
Hey man, you’re doing great. Truly, you made a financial decision that was good for YOU.
The only issue I have is when people say “spend your money, you never know for tomorrow!”True, but that sword is double edged. What if you don’t die? What if the world DOESN’T end yet? Guess who’s gonna look back and regret their decision… you are!
Just be safe and do your research.
Thanks for the insight brother
Car looks menacing bro what a beast🔥
Yo the video is clean 👍🏽👍🏽 what camera you using
what an inspiration my all allah give u more currently 18 hopefully ill be able to afford it soon
Thank you akhi inshallah you will have one very soon! Lock in and focus up on bettering yourself and the car will come as a byproduct
Man I got my e93 convertible with 40k miles under 10k cash and I made it 420hi and that’s absolutely enough to have fun and pickup women in LA
What kind of camera you use ?. It’s crispy asf!! I need one
Life is short, get what you want!
Fire vid,🔥🔥 but be more consistent with posting and you will blow up for sure💯💯
I appreciate your support bro! Imma keep them coming for sure. Thank you
While I don’t respect the purchase, I respect the man and his hustle!
It's fortunate that you undoubtedly still reside with your parents, or at least one of them, as the decision to purchase this car seems quite imprudent. A monthly car payment exceeding $900, not even factoring in insurance, on an asset that depreciates over time appears rather unwise. This amount could easily cover a mortgage on a property, which tends to appreciate in value. If you happen to come across this advice, consider living within your means and opting for vehicles within your financial reach, and avoid interest.
Thus why I love an purchased a Lexus es 350.
I also have 2 mortgage payments left until I am finished a 30 year mortgage.
I am so grateful.
@@ramel7792 more power to you bro. You’re on the way to #financialfreedom
There’s no mortgage in the fucking world that’s $900/m in any metro city in the states for a house. Even those tiny houses are $200k
@@Augie.. Who said anything about a metro city? You did, not me. But since you're talking about $200k houses, let's do the math. If you put down 70-80k on a 200k house with 3.5-4.5% interest, then you'll have a 900 mortgage payment per month. Have a good day sir.
@@Gambitbronsonmans living in La-La world talking about 3.5% interest you’re a moron.
Nice video. Live life man, enjoy it, it goes fast and it isn't guaranteed.
Under a stack for what u got, at ur age be proud and remember going forward, u can never satisfy that ego so learn to be content.
I dnt think that is bad @ all because yo whip is a beast no🧢
Yo cant wait for the "how to afford ur dream car", need that info lol cause these cars are super expensive! I need those loopholes bro
also how many miles did you have on your old m4 when you bought it?
49k which was a bit more than what I wanted
Had to sub this was a helpful ass video
I'm not sure if I missed it or not but how many years are the payments for!?
How long did you wait until you refinanced the f82 ? I just got myself a 540i and the payments are similar and ik im going to refinance just trying to figure out the best time period.
Only 3 months but usually people say wait 6 months. I just didn't want to give the dealership their financing bonus which they get after 6 months because the finance lady tried to play me not knowing I understood everything I was getting myself into
Blows my mind how there’s so many of these small channels with like 1-10k subs of 18-25 year olds buying 100k foreign cars with mystery sources of income.
How do
U know they don’t have jobs ??
Its called financing… are you slow?
@@ExploringWithJam99.9% in this age bracket are not making enough themselves to reasonably afford a car like an M4 comp. I know people who make 300k+ a year who would be hesitant spending 1.5k a month on a single car and they’re grown ass adults with good careers. It’s just a stupid decision and you sacrifice a lot of your future finances. If it’s parents money, so be it, but all these young dudes with these foreign cars are not all drop shippers or own their own clothing brand like they say they do.
Its daddys money or these kids come from middle classed familys. Im 21 but i have my own q50s, acura Tl, and SRT 300 2012. Busted my ass off and took risks for them and i grew up in the hood
@@bakesbakes217 you busted your ass and took risks for depreciating assets and debt… wow they love you
I was in this situation earlier this week. I was looking at a 2021 M340ix for 46k out the door. Another 5k in dealer options but the monthly on just the car alone with a 10k down was 650. The dealership said their bank had to give me a 72 or 75 month loan with a 8.5% rate. I was able to cross compare with my credit union that offered me my 60 month loan for 7.6% but ultimately I said no to the purchase. 700 a month wont kill me at all but that is 1 paycheck a month going to paying for the car and insurance. I could get the car but I just felt that I would be more comfortable with payments being around 4-500 a month. For most people they will have to toss the 20/4/10 rule out the window if they want certain cars. I will have to put 20-30k down on that same M340ix for me to comfortably finance it or make 120k a year. 120k is very possible, but in 3-5 years. I am starting to understand why people still buy the entry level sports cars like the Si and the GR86. Not fast but it will bring you a level of enjoyment without burning a hole in your wallet.
We’ll said
You only make 1k a check ? You definitely shouldn’t be buying a bmw.
you only make 700 a check?? even if you get paid weekly you shouldnt be looking at a 50k car. need to make at least 2k weekly to even consider it
@ISLAMICSTORIES13 the 2k a week stand point would be equal to someone making 100k a year but that would be post tax. Very touchy how much you should make pre tax since it depends on your state. I'm also only being 900 a week because I'm putting money into an hsa and 401k. I'd be up an extra 200 a week. I wanted to outline the income better so others can use it as a reference to better what makes sense financially. Buying an m340i at 8.6% for 75 months paying 650 a month is terrible financial advice but a lot of enthusiasts will also do it. I'm rethinking an m340i that costs 46k OTD and looking into a higher mileage and older F chassis mx40i model around the 30k mark. It's that or I go for a rcf if I can find one in the 30s or low 40s. I'm not in a rush but I'm planning out what makes more financial sense while still being fun to drive on a daily with the least amount of time down.
@@freewilly5073 yeah bro its hard to justify the m340i. I really want one myself but I make around the same as you - 900 a week but am projected to make more when I get promoted soon. I am probably gonna do an f30 340i but I will be buying mine from copart all cash and repairing it myself for about 12-15k total after repairs. I also did this in 2020 when I got my 2018 challenger from copart and bc of inflation I came out on top. put 30k miles on the challenger and can still sell it for the price i paid. so gonna sell it for 12k and then use that to get my f30 and only come out a a couple thousand out my current savings for repairs and have no car note.
Yo brother im just like you but not on ur level yet bro! Listen man you dont need to explain to anyone why u got it, enjoy it! but thank u for motivating people with the same goals as you. Im about to hit 100k in savings + chequings and im planning to put 10-20k down on my first car! I want an e53 amg coupe 2019+ thats my goal bro
Hey bro, thank you for your support! If I was in your position, first thing I would look at is my monthly income and expenses. If you purchase that E53 make it a priority to get a good deal along with a good spec, usually it makes things way easier when it comes time to sell the car. I would also look at your goals, if you feel like it won't hold you back from what you're focused on and you'll continue to make more money, I would go ahead and do it. Also remember to factor in expenses like gas, insurance, maintenance, etc... Good luck
Keep going forget all these comments but bro keep going you da one we gone collab
| $942 a month is spot on | With a tier 1 credit plus 20% down | Even going through a credit union |
You need to refinance in march, when everything starts going down.
His worst mistake was financing a depreciating asset.
Rates ain’t going to drop much and he’s starting all over with a refi.
A lot of y'all youngins in your early 20's gonna learn the hard way (just like I did). Stuntin in German cars for clout on IG ain't worth it. Get your money up, save and invest in assets, learn about the stock market and real estate.
$950 for the monthly payment alone? Gas, insurance, maintenance, registration, etc throw another $450 on top of that!
So now you're looking at $1,400/month down the drain (nearly $17k a year). But like I said... y'all will learn the hard way once age 30 rolls around and realize the clout and "YOLO" lifestyle wasn't worth it. Speaking from experience.
I’m 32 and I wouldnt dare buy an m4 because I already know Incant afford a $70k car. I make about $5200 a month which is not the greatest but I love comfy. Currently looking to purchase a 340i. I have about $20k in saving and will use some of that money just for a good down payment. Rest I’ll continue to save so when I’m ready I can buy property
@@spawnandbatman6975 nothing to be ashamed about. However, general rule of thumb (if we're being financially responsible) is to have less than 1/2 of your annual income in vehicles. So if you make $80k/year, then you shouldn't have over $40k worth of vehicles. And the said vehicles should be paid for in "cash" as cars are depreciating assets. Also good piece of mind to not have a car payment weighing you down every month.
@@DeanBKK yeah I agree. Only reason I’m looking into a car payment is just to establish my credit more and build it. Never in my life had a car payment before
What if we’re able to do both I feel like times have changed ? I just got a 330i I really wanted a m340i but it was to much over 40k and I told myself I can wait till I’m older I just got the 330i last year and pay 500 a month plus 260 in insurance those are the same prices I would be paying for a civic or candy . I’m 20 about to be 21 this March and make 5k a month , I still live with my parents and help them out on rent , bills and groceries. Im also still in school and majoring in computer science , I have a internship lined up this summer with Boeing and plan to still continue school for aerodynamic engineering once I graduate . I have about 45k saved up in the bank , a high yields saving account and an extra 13k I recently got from a insurance claim from my infinity g35 that got rear ended . I normally buy shitboxes and save my money and watch it grow but my credit lacks “ credit history “ I have a great credit score well Atleast I thought I did of 768 but would not get accepted to any home loans . I don’t have 1 million $ plus to afford a home here in Cali which houses are ridiculously priced so I have no problem staying with my parents while supporting them , myself and my hobbies . I understand most financial advisors would say it’s not a smart move to finance a car but everyone’s situation is different and he can obviously afford it .
Camry *
19 looking to get an M340i in about a month or so but big inspiration man keep doing ur thing 🤝🏽
50k car, if your making close to 100k go for it. Otherwise look for something more affordable and invest in appreciating assets until the income could afford it.
Your setting yourself up for failure. Get a cheap is350, acura, v6 accord/camry if you must scratch that itch
You can do what you want with your life but if ur gonna finance put it in your llc name so it doesn’t hurt your personal credit in case anything happens 1 late payment can mess you up and it reports every month, it’ll help ur credit if you keep payments on time and I’d suggest making a bank account just for the car alone.
i like this comment a lot. So if I have an LLC, I can basically get a business credit card and finance it through the LLC?@@youcangetsum6871
@@momane8434 If his income is solid, which is not impossible in this day and age for a 19 year old it's not setting up for failure. It's only if he can't financially afford it.
Great job get the car that you want when you’re young because when you get older you gotta hold down the house. I was in my 20s when I got the Land Rover and the Subi STI 04…. I wish I had the sti still 😢 got the house In SoCal in my 30’s and can afford a nice wip anymore.
What front splitter is that. Also the non lazer lights actually give it a good different style imo. I still like the lazer circle lights alot more but those ain't bad at all.
Motivo Motoring
Guy just called a $70-$100k car a “stepping stone”
Man I’m glad you’re happy and really appreciate the honesty. But that’s an insane amount of car debt at high interest. Over how many years?
you do realize we live in a different generation right? people consider the car debt but he can monetize this car for marketing or a business write off
Great video!
All black is the best look on these. What is your insurance look like for this? i am 30 with perfect driving record but pay like 356 a month for newer Lexus, for the IS500 i was looking at near 480 a month. idk on what planet people find much cheaper rates LOL, maybe it's my area.
What was your down payment
At Los Angelo’s they have one 5k down 1188 plus tax
Beautiful car ❤❤. One day I’ll get an m car. Rn I’m enjoying tinkering with my base e60 n54 535i! Love bmw baby!
24yr/o, i'm paying 842 a month for my 2024 Mustang GT Premium PP1 plus 214 for insurance, bought it new and specc'd it all black too w bronze rims. I love to see you winning and you're younger than me!
What's your apr and $ down ?
😂
@@RealRkelly bros paying my rent out here in Cali to drive a Mustang. These dudes are wild
@@GoldenGod69 842 rent in cali?? i you live in a rooming house?
It’s a beauty, but depreciation will hit it hard, especially after this terrible car market shifts. Not to mention the expensive maintenance/insurance and a 7.2% interest rate with A1 credit is not good my guy it’s just not as bad as the current average auto interest rates are. To be fair at 74k it already lost a ton of depreciation so I salute you on that, & 20k down was also a very smart move. But there’s no possible way at 74k you will make money on this M4 after re-selling in the future. Still happy 4 u bro ❤
Hey I appreciate your feedback! I agree, my mindset buying this car used is that it already has depreciated a fair amount. But I expect it to continue to depreciate, I know I will lose money selling the car but I'm not too concerned by it and I plan on making up for it with my other ventures which the car will support me with doing. Like my new business Motivo Motoring and the youtube page. When rates come down, if I still have the car I will refi it. Also insurance is only $146 for me if it was an absurd amount I wouldn't even buy the car haha.
This insurance on this car at 21 is probably disgustingly high unless you on your parents plan. At 20 I bought a dodge dart and I was paying $450 a month with a $250 car payment. Even at 30 now with a 2023 M440i I’m still paying damn near $300 a month for insurance.
I love the F BMWs. My credit is terrible. I have CDLA and 2 LLCs that I haven’t done anything with because I don’t know how to get funding for my own Semi. I was paying $600+ for a F30 328 and 335i. Bums shot my red car up after an argument on July 4th, but they missed the target.
I bought my 2017 mazda 3 last year interest rate is about 26% I had no credit history and I put $1k down…it was the best I could do for my first car without co-signers and I deadass need to refinance because interest is crazy
Yeah, you'll be fine, assuming you spent like 15k on it. It's the people that buy themselves 25k+ cars for their first vehicle and that kind of APR that screw them themselves. You'll hurt for 4 or 5 months, but pay your car bill on time, drive safe and after 4-5 month you can refinance and be golden. Congrats on your first car bro, you picked a good one 👍
@@D4Gamerz appreciate that
IMO, I would never spend that kind of money on a depreciating asset, however, as long as you are happy with your purchase and can afford it, then you do you!
Wait til interest rates fall, remember a car is a depreciating asset… unless it’s a classic
I would suggest getting a good $300 mic for your videos. I'm a min in an the audio isn't great. congrats on the car
How much you make a year?
Good choice haha, I’m 21 myself looking to finance a g87 M2. Did u ever look into doing some kind of business finance since the car will help with your business.
Congrats man
what you do for a living
@@mt7810 I own a creative agency, video productions, media buying ect
Made the mistake of buying a fun new car at age 23. Bought a Mk7 Golf R and then put 10k into it in performance mods. Now i am 30 and still have the same car, still love driving it every day at 84k miles. Its been paid off about 3yrs now, that payment of $628/mo really set me back a few years in life. But now i own a home and have a wife and child, earning over 100k with strong savings. I could afford a new M3 now pretty easily but still gonna hold off for a while and enjoy my no payment car a few more years. I feel like i have to make up for that dumb decision. Those decisions really hurt more the younger you are. Its just about as fast as a stock M3 anyway.
How much month do you earn after tax? and do you have any credit cards. ?
Also what's the insurnace ? 😊
7% on 50k got damn!! salute to you fam you young you can stomach 7% on 50k do you just don’t move out ya parents house till you pay it off 🤣🤣
What are legit money streams I can do? I want the exact spec M4 😍
🔥
Property is king then health then cars
I thought you sold it?
I never discourage people from their dreams... but IMHO what is better than an M4? if you can get the financing, get any condo and rent it out. Then sell it 5 or 10 years later. Easy money.
Auto insurance got to be close to risk insurance rates!😂
Having a high car payment on a car u actually wants makes me grind harder, maybe thats just me tho🤷🏿♂️🤷🏿♂️
what do you do to afford the car mooz? im tryna get my numbers up but a job aint paying like that
I have my own business bro, I will have a video on how I was able to afford this car soon where I go in detail
@@mooz2x thats sick dude, yea man make a vid on your buisness too, im always curious what options are out there to make a good living
942 without insurance. Hope you making mad money.
Great video, what do you do besides youtube?
I have to get one!!!
Words of advice from the “ been there done that”
Focus on accumulating wealth, the toys will come in due time.
Please don’t follow this kid’s footsteps. Do not finance a car like this at 21yo in school. Finish college, save your money, and accumulate some wealth first. If you don’t even own a garage to keep a car like this in sit TF down 😂.
All I’m trying to say is that $900 a month shouldn’t even bother your finances to own a M, neither should you have to “hustle” to own it. If you don’t even own a home and you’re looking at McLarens as your next vehicle I think you need to go back to the drawing board bruh…
Thank you for your feedback. I can comfortably afford this car and don’t really stress about paying for it at all. Once I graduate, I’m going to make 6 figures as a software engineer on top of my current income. So instead of penny pinching the goal is to continue to grow my skill set and income. That’s really the key to creating actual wealth and not just a comfortable retirement.
@@mooz2x the key to obtaining wealth is not accumulating large amounts of debt while your young. You are having your ice cream while you’re still “Learning” how to bake the cake. You haven’t even broken into six figures yet let alone obtained your degree or started your career… Financing a M4 Comp before even earning $100k yearly doesn’t demonstrate financial intelligence.
I’m not hating on you bruh, all im trying do is share some wisdom to you. I’m in my early 30’s you cannot skip the process
@@Duvalfinest09He's in CS, he can afford it. Chill out.
@@Duvalfinest09just because you didn’t do it, and your 30+ without your dream car doesn’t mean he can’t? Everyone has their own life and 9/10, he’s going to still be perfectly fine living life with that car. Stop the hating on the man and worry about ya damn self 💯
@@kalactose348 who tf are and why are you in my conversation? lol read the message again, it’s not about if he can afford the car. It’s the message he is delivering to his audience.
Top of Top😎
reminds me when i bought a mustang 5.0 when i was 23 but i got a 1.9 interest rate back then 😅
Not shitting on anything you did in this video and very happy for you getting this shit so young! But the car market is absolutely insane right now. You are not going to be able to make money on used cars into perpetuity like you have these past 4ish years due to the pandemic/supply chain shortages, production shortages, etc. It will eventually correct and cars will be the devaluing (STILL FUN AND AWESOME) “asset” they once and always were.
Living the dream,working to be in debt with monthly payments on a deprecating asset
I’m sure you have 10x more to show for yourself huh? Dont be jealous you can’t afford the car lil bro 😂
And you are sitting there hating on another man for Having fun whilst he's young. No one cares if its a depreciating asset dork
@@percentifyyno but it is kinda stupid to be financing a new m4 at 21. I dont know how much he makes so if hes an entrepreneur and makes a decent amount not vreaking his back, then fine. If hes bluecollar working 60 hours a week then it aint.
There’s nothing wrong with this comment at all any car is a depreciating asset even a Honda but when you put money down on a car that’s a sign of you can’t really afford the car & either your credit isn’t strong enough to afford a petrol vehicle, the money that’s going down doesn’t bring in value for the car if your car is totaled that money you put down doesn’t do anything just saying…..
@@G20Tonly time I’m putting money down on a car is when I plan on keeping it. And also, putting money down a car does not mean you can’t afford it, if bro had 20-30k to put down on the car to begin with, clearly he’s going something right. Sheesh you ppl are actually insane. There is no blueprint to life and everyone can do as they WANT and PLEASE. Not everyone wants a nice car, but if you do, I say you go for it. There’s no better time to do it, bros young and has 1 life, if he doesn’t take his chance now he’ll be worrying about paying for this car when he has a expensive home and kids to worry about. Trust me y’all need to just worry about yourselves 💯. Nobody gives a shit if it’s a depreciating asset 🖕🏼
I just feel that you should have brought a property 1st therefore you have a garage to put it in.
What’s your source of income?
He said 'mine' like bro thats the banks lol
what you do for a living
NECESSARY 🗣🗣
What do you do for work
Yesssirrr
College too, boring too, People underestimate the joy of the communte to college in a great car.😂 I will be purchasing my Supra 3.0 This year hopefully 👍
Yolo! Good luck on that bro hopefully everything works out for you