Yesssirrrrrrr

He is right I was 21 wen I bought my first r8

Yes it is

Not sure if you saw but it got uploaded right around the same time on the watch trading academy youtube channel

In the time you spend waiting for another sale, the car market will have gone up another 15k. Right now is a critical time to get the right car for the right money before markets move again over the next 24 months due to recession otherwise youll end up paying more for a shittier spec than what you could have bought today.

If it was taught everywhere and everyone did it then the market would adapt and evolve and the strategy would be less effective. Even if this information was free and widely available, most humans are lazy and don't want to work. So you can always count on that and take advantage of that fact and get ahead of them by studying and applying knowledge

😂😂😂 Persian Pirate

LOL

I had a similarly thought

@@hectorfabio4149 you have to give him credit, he seems to know what he is talking about

@@jgozo9476 oh yea, i do. Especially on one of his recent videos about business and progression and what not. That was good stuff.

Comes out to more like a $20,000 ($555/mo) loss but still a great concept !! Thanks for sharing this.

yes it's financed or all cash. Never lease.

Shelby GT500

Hey nick how much miles did you get your m4 with

@@adreyannnn5557 39k in 2020 tho

@@nicknedelcu thanks for replying bro , also how has car hacking been for you I make decent amount tryna get into it any tips ?

@@adreyannnn5557 right now that was my only hack. I’m driving a poor person car right now to keep my credit free for another apartment building purchase. Going to buy my next hack after I get another apartment building. Probably an r8 or Aston vantage v8

Regardless of the length of payment if you buy a desirable car today for $150k and sell it in 2 years for $150k all you would have lost is your interest on your payments and taxes. The monthly payments and loan term are kind of irrelevant. Another reason why I don't like this example is it is common knowledge that a lease is a total loss. He is making an apples to oranges comparison here too because buying a 3 year old car without a warranty is not the same thing as driving a fresh car off the lot as a lease. At the end of the day if you blow your SVJ motor out of warranty it may financially ruin you. Something to consider.

@@drewmorg. ​ Also he totally botched the calculation when he SUBTRACTED 10 grand of “mileage cost” from the payment on the car. ( 15:43 )Mileage costs would be on top of your monthly payment. After 3 years that would be 80k into the car, this means selling at 110k your getting about 30k back… 30k divided by 36 months is 833 a month. PLUS INTEREST if you got a loan. That mistake changes things by 20 thousand dollars LOL

@@RainBowBaLLerHDnope, it’s you guys who can’t understand. The 120k loan you are never meant to pay fully within 36 months. You sell the car after 36 months and you get back all your money so if usage costs were 0 and interest rates were 0 you would have lost zero. So you have to account only for the loss of usage cost and interests, which in his example accounted for 10k. Surely it could be more in RL but that was his point

680+ typically, great if you're at 720. Alternatively, credit doesn't matter if you can buy the car cash.

in the US you can create a montana llc to register the cars too which allows you to legally reduce and avoid taxes. Certain states like florida where PJ is, tax is minimal, Check and see which tax loopholes might exist for canadian provinces and see how you can structure it

Old gallardo or an R8

Porsche 911 Turbo mid to low 2010’s. These cars are doing great

Mclaren 650S. I’m loving mine.

The idea is to not drive the car often. Ideally you should have a second car. A daily then the hack car to keep bank rolling money

Not really. US is best. Works in Canada and UK to a degree. You can apply some of the principles to save some money though.

Yet they give someone a 500k house for that salary....

missing the forest for the trees

It's a lot of talking to say buy a car used, after it's initial depreciation hit. You can do it with any car not just exotics. It's basically bangernomics for exotics. Except with bangers if something goes wrong you can just bin it and get another :P There is always a risk with investing in cars. Most banks in most countries will not give you big loans to do this unless you have something else to guarantee it with. Especially at the moment. If you want to make money on a car, do not buy a new/modern car. Buy a nice classic you can afford and look after it. Then if you hit hard times you can sell up and get the money back. Always avoid taking out loans if you can.

I’m pretty sure it’s actually illegal for a bank to “loan” you money

@@cityempress5746is this comment a joke? Lol

I'm teaching people how to drive their dream cars in a financially responsible way, so they can enjoy their passions while they get rich. Meanwhile people who actually are broke lose more leasing a honda civic than our members do owning Maseratis.

Who the fuck borrows for 3 years?

He's assuming a loan of 72 to 84 months and saying you decided to sell your car 3 years into that loan. Same as the end of a lease, but in a lease you get zero back. If you have the right vehicle and sold 3 years into the loan then you'd recoup a lot of the money it cost you to drive the vehicle for 3 years meaning actual cost to drive is WAY less than the lease.

@@jcornejo1287 not to mention if you trade in car a t a dealership they lowball the shit out of you.

to a degree yes. But cars get driven and remain investments. To my knowledge you can't regularly wear your collectible sneakers without taking a hit whereas with cars you can drive them, network with them, have fun etc and still break even or make money

@@MOHIMEDIALLC well. The price of a new car (or with less miles) will always be more than the price of a used car (or with more miles). Sneakers is similar. Yes a new pair will always go for more, but you can still casually wear a lot of pairs of Jordan’s and sell them for way more than you paid a few years later. But obviously if they were knew they’d sell for more. Same stuff

@@high.steaks nope. PJ bought 3 Aventador svjs. He bought his first brand new 100k below sticker and now you can't buy them under 200k over msrp and they're going to be worth 1 mill soon (double MSRP). He's going to make money on his huracan sto too. P1, 918, laferrari owners all are instantly in profitable positions after taking delivery of a car brand new, especially LaFerrari owners. 2013 Mercedes SLS AMG and 2000s Ford GT are over MSRP now in current market AMG gt black series is worth more in the secondary market than brand new I can keep going

@@MOHIMEDIALLC don’t make me give my sneaker examples. There’s toooo many I promise 😂😂. But yes I know, PJ does this (no sarcasm)

​@@MOHIMEDIALLC Break Even Where? Who do you sell Car that's Now Older and With More Miles To?? 🤔

He said in a video he pays $1100 a year for the McLaren seana

Call your insurance company, give them a VIN number for a super car (lots on autotrader) and get a quote and you'd be surprised

The insurance isnt much as you would think because people dont drive their exotics as much as a regular car so the risk is actually less for the insurance company

The formula for insurance isn't as straightforward as you think. One key factor is how often a vehicle is crashed...as you can imagine not too many exotic cars have been crashed compared to a toyota corolla which is crashed all the time through sheer volume. If you dig up PJs videos/posts about his insurance payment on his Ford GT or Senna or whatever, you'd probably get depressed because of how much lower it is than the payment for whatever you're driving currently lol. And this is Florida insurance which is top 5 most expensive state to insure.

@@MOHIMEDIALLC it was 900 a year for the senna I think, and 600 a year for the Ford GT

If you think what was described here was what used to be called just "buying used" you're deliberating not listening. I'd be happy to explain if you were sincerely confused but it really sounds like you're just looking for an excuse to write PJ off as a scammer and not actually trying to learn anything.

@@MOHIMEDIALLC do you have a simple strait forward explanation? If so. I'm listening.

@@rayF4rio Until the recent supply chain strained economy, no one made money on their exotics buying used. In the current economy got lucky but didn't make as much money as ECH members did who were told to hold their cars and enjoy the ride as we entered the pandemic (something no one else was saying, PJ bought his first SVJ the day of lockdowns). Except PJ (and other ECH members) have been using this method for over decade PRIOR to the 2020 market and taking minimal loss/breaking even on his exotics or luxury vehicles. That right there is fundamentally different than just "buying used" like most people do. In a nutshell hacking a car is buying a car using data to buy a great spec (not cheapest garbage on the market) and using the stack concept PJ referenced in the video to forecast the price of the car you're buying today 6-18 months out and buying the car ahead of that market and then exiting that car as it approaches the forecasted market, recouping your money (sometimes profiting, depends on what you buy and how much you drive) and rolling it into the next level car, or watch, or real estate or whatever asset and recycling the money (the wealth transfer concept he talks about in the video). At the end of the day you are driving a great spec for 6-18 months and recouping almost all of your money whereas normally people lose their ass. You can also hack brand new cars but there's specific cases where it makes sense and the data used is different compared to a traditional hack. Exotic Car Hacks is a finance course, not a car course.

@@MOHIMEDIALLC interesting. You are correct in that this is more than just buying used. I would say this applies to those select guys who want to drive an exotic or high spec low volume vehicle and not lose money in the short term. A little bit of a gamble, but if (a big if) you know the market, then you do reduce your risk somewhat. I guess the gamble now is that the supply will remain short on just about all vehicles, given the change in dealer inventory levels. It does appear that the new car market is on Flux, impacting used. How long this last is difficult to know, but maybe a few yrs. Thanks for the reply.

@@rayF4rio not a gamble. Entirely data driven decisions. Car hacking worked 10 years before supply chain issues and will work after. PJ has been telling people to buy 2013 SLS amgs for 2 years now (long discontinued nothing to do with today's supply chain) and those have gone from 160k to 320k+ since then. Same with 2006 Ford GT. 458 is also great for long term investment.