What do you use to edit your youtube videos? They are well made and well edited. Great content. Thanks.

cheers thanks now it dont need to finish it

Exactly what I was thinking 😊. I missed the choice of car brand! I usually buy a second hand Toyota or Lexus. Almost no repairs. Just normal maintenance. Now I have owned BMW, Volvo etc and these almost always had extra repairs every year.

Toyota is boss. You don't have to buy the new one. Secondhand Toyota is best buy

I always choose Lexus, the best buy, truly✌️

@@danielchripko5204 Love my GS450h 😀

Agree! I bought a 4 year old, low mileage, one owner Lexus RX350 in the US. Traded-in a high maintenance car, then paid cash for the balance. I'll probably keep it until it dies. Lexus / Toyota are one in the same. My Lexus is now 8+ years old and still very much like new. NO regrets...

I sold cars for several years. You have the buyer that switches cars every year and a half to two years and when you talk to them about a lease, they say I like to own my car, but in reality, they’ve never owned a car then the dealership buries their negative equity until it catches up with them after the third or fourth car they are buried. This kind of buyer should lease.

Errr....how do you lease a car you don't own? You mean sub-lease?

You should enjoy being young, but this is dumb. Life is not about new cars, new toys. There are plenty of cars you'd buy with your head (very reliable, with a low TCO= Total Cost of Ownership) that can also win over your heart. Each time you're listening to your heart ignoring your head you're making a huge mistake - I know, because I had my own foolish choices. Trust me, a used car you bought as an excellent deal (only few years old, only some tens of miles, excellent - verified - condition, under the average market price) will still feel like new to you - and for the same money (you'd put into a new car) you can buy a far better used car!

@@codincoman9019 It clearly shows you have never used your heart. Hope you get to use it to make a few decisions. Best of luck

This is American way of thinking closely related to impulse buying. Brand new cars loose their market value. Buy sensibly. Car is an expense.

I'd say there's a middle ground between buying the shiniest new car and keeping an old shitbox running. Personally, I'd buy something like a near new Golf 8 R and keep it for a decade.

@@paulklp8262 You are right about buying in between a new or more than 10-year old car. But that few years old car should be Japanese (owning the top for reliability and low TCO=Total Cost of Ownership). While VW is #26 in reliability and smth similar for TCO (their costs are around double the costs related to maintaining long term a Japanese top car).

insurance: make sure you have someone with you who talks "insurancy" or "banky". I have seen smily, nice people who got insurance with £3k/y premium for plain regular family car, because smiling and saying "yes" to every add-on insurer mentions does not do the business.

Hello, great advice. How does one find a dealership-certified local garage.. does the dealership provide this info, or do you search online for local garage (what is the search tag)? Cheers!

@@Shakashack2022 I have "picky" relatives, as soon as they find something of good value/quality - I go there too. So, good local garage gets whole family :D Garage, we used for servicing, just upgraded to "automakers-certified". Business went well, so they invested in training and certificates. Obviously, you can not ask them to use 2nd-hand or aftermarket parts, that's where 2nd garage comes in :)

2.5 perform the maintenance twice often than the manual indicates (e.g. change oil each 5k miles - maintenance is cheap, repairs are expensive); 4. Buy thoroughly verified, few years used top (reliability and low TCO) Japanese car, below market price, from the first owner; 5. Buy the best tyres for winter and for summer - the tyres have the only contact between the road and the car - don't save on your safety!

Yes, this would be an interesting one.

Why would you not pay for them? School isn't free and you signed for it.

​@@bodybongThey are not talking about not paying their student loans but whether paying more than the monthly payment makes sense to try to pay it early. Some loan companies will apply any over payment to interest first unless you specify to apply to principal. It's good to find out this info rather than paying extra, thinking you are paying down the principal and saving on interest when that may not be the case.

​@@viiiiivi Not free in the UK but it does not make sense to pay them back early. The payments are more like additional tax for the 30 after course end date. Think it's USA which has the big issues with student loans.

@@bodybongthink you're misunderstanding the question. I think they're asking whether to pay off sooner or invest. Students loans gets taken out of pay in uk and only after earning a certain amount. Also gets written off after 30 years I believe? Some people daily never earn enough to pay them off in 30 years

Yes, that's pretty good advice. I also keep my cars for a long time and if you take care of them, they shouldn't have any problems.

You are right on keeping cars, BUT: If your car depreciates fast, it also means, that you could have waited a few years and could have bought the same car for way less. So you lost money, becouse you bought it at full price or before depreciation

​@@fabcardx4036 > and could have bought the same car for way less Oh, yeah I see you all out there buying VW Beetles for 200 dollars each. ;) Get practical please. Let's see a REAL example. Three years ago a friend of mine bought a used car, a 2019 model so it was new-ish. It is a good family size SUV and he paid X amount of money because it was in top condition. Last year I bought a new car. Same brand, the smaller model, but with all the improvements and nice stuff that came out since 2019 and I paid the same X amount of money. Sure, he bought the car "cheaper" as you say compared with the price the car had in 2019, but with the SAME money, he could have bought a NEW one (smaller car, yes, but still a solid family car as well). Even if we play by the "I wanna resell my car one day", I am still ahead, because his will be "a used 2019 car with one extra previous owner" on the market and mine will be "a 2023 car with no previous owners". Which has more value? Also, smaller cars retain more value because they burn less fuel and are more suitable for inner city use (which is where most of the demand for used cars). So, even on the used spectrum of things, buying new initially is still better :) On waiting now: What you are talking about is like the good old tech fallacy back in the nineties. A CD drive cost 100 dollars when it was emerging tech, it made sense to wait for it to become widely available. Now it costs 20 dollars, but DVD drives are out. Oh, boy, do I buy a CD drive or do I wait for the awesome DVD drives to get to 20 bucks? DVD drives get to 20 bucks finally, but now BLURay is coming along and that drive is 100 bucks. And then BLURay is 20 bucks and suddenly all optical drives were obsolete because SSD came along. In all this process you were waiting out and never bought any of those, so you didn't enjoy the positives of the tech at the time. And now you are not buying all that used stuff because they are obsolete. Waiting is a double edged sword. Sometimes it pans out, sometimes you miss out on good opportunities. Have a nice day!

I tried to buy used Toyota rav 4, 3 years old, at all Toyota dealers in MN…. It was only 20% less the new ones!!!! So I bought a brand new one and I have been driving it for 11 years, and many to come.

Thanks, I wished someone said this. This concept alone will make our choice of car different, than the one you were actually going for, (with the assumption you'd use it for 4 to 5 years max) I have an SUV that's around 30 years old and now not road-legal and a motorcycle I used for 18 years. I was looking for a new car and maybe I should think of using beyond 2035 instead of 2029. I'd choose one that makes sense even then, and maybe something I can handle even at an old age

Hello, do you mean paying the full cost out of your own money?

No one has money for that! Have you researched the average salary in the US? I traded in my 11 year old car (needed serious work and no one could do it) for a 3 year old CPO. My 11 year old car with 106k miles is going for 11k. That is not a reasonable amount of money for someone to pay in cash for the average person. Most people don’t have $500 in savings in the US. My 3 year old Certified Pre-Owned was $25,500. I guess I was supposed to have that to pay in cash?? WTH??

@@tracyc.1005 Sometimes I feel other people -- maybe Americans? -- are living on some other planet where things are done in some needless way. In my book 100, 000 mile 2nd hand Jap car is about 2000 British pounds.

It depends. You can buy brand new and keep it for 300 400k and it's still worth it.

The best deal is to buy a few years old, very well maintained, very reliable (thus Japanese), low TCO, below market price car and keep it as long as there are no foreseeable big repairs (probably another 10-15 years for the Japanese top cars).

@@MartinFire13 I agree

I agree

Best deal: buy below market price, a few years old, thoroughly verified Japanese top (very reliable + low TCO) car, from its first owner. Of course, you need to do some research, but you'll save big, especially paying cash.

I hope the clutch lasted more than a year! Seriously though, I'm astonished that anyone uses a main dealer once their new car is out of warranty.

There are plenty of videos on this topic from people that know cars - she doesn't. Why would anyone buy a polluting, expensive, unreliable, dangerous, impractical, controllable, fast depreciating electric clunker?

How long does it usually take you to save for what you get? Have you ever had a car die and needs one immediately?

​@t.terrell7037 My first ever car cost me £2k back in 2018 (a manual Vauxhall Corsa Ecoflex). I had some money in savings anyway but if I hadn't then it would have taken a few months to get. My second (current) car is an automatic 2015 Nissan Qashqai bought during lockdown and it has broken down on me once but I have always bought fully comp cover so getting a replacement hasn't been an issue.

Stocks (risky, especially for those not knowing what they are doing and throwing all their savings there) and Mercedes (#29!!! in reliability and having one of the biggest TCO = Total Cost of Ownership) are the not smart things you wrote. Surprised, because the rest was smart.

@@codincoman9019 I have some experiences about investing, also I am 32 years old, so I wouldn’t need that money at least until my 50, I think in a long run like 18 years it would be definitely a better choice than a car. On the other hand newer 4 cylinder Mercs have some real reliability issues btw.

@@izustun9851, many years ago I multiplied my money about 17 times in 3 years on the stock exchange market, even though (in fact because) I didn't give discretionary authority to my broker, investing long-term in well managed, fine potential companies - today is more difficult because of crazy money printing (I prefer the real estate) - I hope it will work out for you. And no matter what car you'll get next, stick to the Japanese champions.

That's a great idea.

So do you pay cash outright or finance for the two years?

Electric cars are overpriced when buying and worth nothing after 5 years and are loaded by insurance companies and are the dearest form of transport for low mileage drivers. Don't buy under any circumstances.

There’s no better value than a Leaf. Solid vehicle. Super inexpensive to own.

Hey! Sure - can go into in more detail in a future property video (it's dependent on the Council and there are quite a few requirements to meet). Found an example of one for Ealing in the meantime: www.ealing.gov.uk/info/201086/housing_and_council_tax/2299/renting_your_property

@@nischa Hey Nischa, thanks for taking the time to reply. I think it will make for an interesting video where you talk about how it works, your experience and pros and cons. Of course, experience will vary depending on the Council. Have a great Sunday!

That makes no sense at all. Would you apply that logic to buying a phone, laptop or shoes? In fact a lightweight vehicle should be better on fuel, in some countries lower registration and be better engineered. Heavy vehicles are the result of lazy manufacturers and legislators.

I'm just making a reference from the book 'The Millionaire Next Door' and how they compared prices of various makes and models. Weight was just one factor, other factors where performance, overall price, and of course customer satisfaction surveys. @@gregf4170

Spot on.

It’s not a saving- the car is worth less due to age and mileage

Yep, thanks for clarifying - they need to drive it over 50% of the time (i.e. be the main driver)