shoutout to Reggie for not putting music in the background 😆

This is not a car video it’s a finance video! Super powerful info PJ

My guy PJ always dropping gems, stay blessed brother

This has been my outlook on cars/motorcycles for years. I've had three motorcycles the last three years and I've made money on all of them. Not only that but I've been able to get a nicer bike each time. I'm excited to start doing that with exotics.

@phigo4kins

Жыл бұрын

Where/How do you sell them to make More Money?

Love this way of thinking vs. what I was always told which was buy something "reasonable" and drive it into the ground. If we can turn an exotic into an appreciating asset then it throws that old model out the window. Don't think that my X6 though qualifies for this. I also have never had a car pmt over $350 so I'd need to get past that.

PJ this was one of the greatest videos. Thanks for sharing all the valuable infos and helping all car enthusiasts out there. Keep them coming brother 👍🏻

@stormproof33

Жыл бұрын

Good job bro, that really got me to thinking of jumping on board with Exotic Car Hacks

@phigo4kins

Жыл бұрын

The part that I don't get is who/How/Where do you sell them cars to Turn Upside/Make Money on the cars?

I am grateful for your passion for teaching and cars...many benefits received!

@ExoticCarHacks

Жыл бұрын

My pleasure!

This is what i have been saying and doing. Works for way more than cars too. This guy knows what he is talking about.

@ExoticCarHacks

Жыл бұрын

100%!

This is absolutely fantastic! 🔥🔥

I’ve been doing this for a long time. However it does get increasingly hard for these to work in high sales tax states like California. A lot of the time it’s breaking even at best.

Wow this made a lot of sense 🙏🏾

Thank you for the information, i knew i was getting scammed at the dealer ship and that there had to be a better way to buy cars

Good video very informative

My man doing Gods work 😎

This is gold!

Awesome video man!

@ExoticCarHacks

Жыл бұрын

Glad you enjoyed it

This Is why I joined your site

Hey pj, what if you've already purchased a mid priced vehicles and have killer equity them,looking to buy a dream lambo but want to keep it,or maby trade up in a while.does it make sense to trade in ,use equity for a mild payment??? Love the info man.

Thanks

Smart way to do exotics 👍🏾

Ive been doing this accidentally. My first cool car was a Nissan GT-R I bought for 48k. Drove it for 35k miles and sold it for 50k. Took the equity and bought an AMG GTS for 71k. Now 2 years later I am about to sell it. Onto the next one.

@Anthony-qr4hd

Жыл бұрын

What’s it sellin for currently?

@eckolwarlock

Жыл бұрын

@@Anthony-qr4hd I bought at the dip so now it's 81k. Stage 2 eurocharged, full carbon front, side, diffuser, and wing.

@Anthony-qr4hd

Жыл бұрын

Niceee great turn around on that. Car hacking perfectly.

@ExoticCarHacks

Жыл бұрын

Boom!

@KevG

Жыл бұрын

Found you in the wild! What’s up Ryan hahahah

Good good stuff

Bravo💯💯

I’m looking for 3 year old m5 competition like you said nothing for 50-60 they are all over 80k for base m5

This is a great strategy to apply to real estate or business. It will bankrupt most people when applied to cars and watches.

"Life is too short to drive boring cars" PJ

While I agree with your basic concept, even with no value depreciation, there will always be a bid/ask spread. So, unless you're in the car business and can buy on the bid side, you will most likely lose 10% of the value (the bid/ask spread), plus repair and maintenance, while you own that non-depreciating car.

It’s kind of sad that this guy is giving people such false hopes! I’m 40 years old. I have bought and sold somewhere close to 50 cars in my lifetime over the last five years I have owned Porche 911 and several other exotic cars. My credit score is well above 750 and on average I make a minimum of $150,000 per year after taxes And I can tell you firsthand it is not that easy to buy and sell exotic cars and make any kind of profit to try to roll it over into the next car. The other part key is leaving out, thanks charge an interest rate, and generally a pretty hefty interest rate on any kind of used exotic car. Most car loans are set up where you are paying almost all of your payments into the interest rate on the first few years of your auto loan! Therefore, his theory about your auto loan payment going into the equity of the next car is completely false. Not trying to discourage anyone from getting an exotic car! But this guy is giving lots of people false hope!

How does one know when they’re buying an exotic at a depression period? And if so how do we know for sure that the vehicle will appreciate in value to either turn a profit or break even?

@ExoticCarHacks

Жыл бұрын

Look at how other exotics have depreciated and rebounded. If you want to see how the huracan will do, study the gallardo, etc.

Wouldn’t the 6 payments be mostly interest? Therefore you would t have much if any equity for next vehicle?

@ExoticCarHacks

Жыл бұрын

No. That's how leasing and some scammy banks work but when you get the types of loans we teach you to get in the course you are building equity from payment 1.

Umm…. In October 2022 Even a 7 year old Huracan is selling for msrp or higher? Where do you see these cars at 30-50% depreciated value??

quick question...would a huracan be possible for someone making 130k a year with an 800 credit score? Appreciate any input you have, it'll be my first exotic.

@ExoticCarHacks

Жыл бұрын

You'll probably need at least one car in between depending how much your largest auto loan was. www.exoticcarhacks.com/buyers-guides/how-to-move-up-the-exotic-car-finance-ladder/

What’s the best way to not be upside down though when you’re trading up that often when factoring in sales tax?

@BKxTwin

11 ай бұрын

Register it in a state with no sales tax

What is your preferred method to sell the car? Private sale or trade in to a dealer?

@ExoticCarHacks

Жыл бұрын

Private sale usually

Bro, what about owning other assets like a house first?

@ExoticCarHacks

Жыл бұрын

They aren't mutually exclusive and there isn't a true "correct" order to buy them that is a hard-and-fast rule for every person. Property can absolutely be a part of your portfolio. Not everyone wants to own a home (especially not where mortgage rates are today), and homes aren't as liquid as cars. If you buy a car first then want to buy a house, you can sell your car and get your equity out within a week to complete your home purchase. Then once your deal is done, buy another car if you want.

Bought my F430 manual for $115k becz it was cheaper than F1 in 2014 @ Ferrari of SLC. At the time it was a dumb purchase @2.99 interest rate for 8yrs term from FFS and now with 13k miles & probably a $200k + market value? FFS does not report loan to credit companies so I was able to get a mortgage for rentals in CA. No good planning like PJ but I just wanted an F car to drive & look at in garage. Just got lucky but would have gotten exotic car hacks training if I was in market for my 1st Ferrari.

@brandencoluccio2623

Жыл бұрын

Is this true that FFS doesn’t report your loan to credit bureaus? 🤯

Theoretically how long can I keep the dream car without losing money? Once I hit the lambo i wouldn't want to have to give it up in 6-12 months thereafter

@ghostduck1845

Жыл бұрын

You probably would, so you can get the next lambo or ferrari, or just make 50 to 100k. Also, you can move up to hyper cars, were you can make hundreds of thousands in profits.

@ExoticCarHacks

Жыл бұрын

Depends on the car. Usually we keep minimum 6 months. The right Lambo you can keep for anywhere fro 1-10+ years. We usually dont keep too too long only bc we want to try new cars.

PJ is it weird that your Bugatti costs more than the house you live in?

@ExoticCarHacks

Жыл бұрын

My house is worth 2M more than the car, and the new one is 3X the car. Why would it be weird? My car collection is more money than both my new and old house.

@gradylucas5265

3 ай бұрын

@@ExoticCarHacks so who owns your cars and houses...the banks?

when you go to sell the car in 6 months isn't the payoff higher due to interest?

@ExoticCarHacks

Жыл бұрын

nah

Pj stay dropping dimes

Yeah but if you owe 45 on the car and the equity or trade in value is less they will add the reminding balance to the next car.

@urielgaytan1318

Жыл бұрын

Other words takes time to find the right deal after everything

DO YOU HAVE A CAR BUYING SERVICE?

Interesting

Is PJ wearing a pistol. Concealed carry

Sign me up

💳💥💳💥💳💥💳💥💳💥

Lol bro you need to promote what you do more instead of bragging. It’s too many KZreadrs doing that lol and everyone hates them. Keep putting out good work.