I should've mentioned it in the video, but I obviously forgot to mention it. I chose not to talk about taxes, interest rates and credit because there are just way too many variables to this kind of stuff. The goal of this video was to focus on the numbers that would be more or less consistent for everyone with a car like this. Again, if you're in a position to purchase a vehicle at this price point, I'm going to assume that you have a decent grasp on what those costs will be. Thanks for watching!

DUDE some of the best car content in the game. Seriously these guys are way to weird and your one of the only normal ones. Love your videos.

damn what we really want is a video on how expensive this exotic chair is

I feel like there is very little automotive content/information that is Canada specific. Thanks for filling that void, can't wait to see what you do in the future.

Love the "down to earth" content you've been putting out! Keep it coming, it's awesome to hear the true experience of owning exotic cars!

That is the best way to own a car!! Drive it for a couple years enjoy and try a different one.

Love ur content keep it up from South Africa 🇿🇦

Absolutely amazing videos. Stumbled on this channel one day, and honestly could not stop watching!

I appreciate you coming out with these videos. Keeping it real and I like that. Keep up the good work, and I was a subscriber before you blow up to one million subscribers!!!

Seriously appreciate the down to earth manner of your videos. You nailed it once again with this one. Super interesting and to be honest it's the first time I've heard someone talk about the ownerships like this on KZfaq! Thanks for the insights!

Josh, thanks for the video. However, you forgot to consider sales tax. If you consider our 13% HST, that would have brought your initial purchase price to $356k. After getting back $269k upon sale, your monthly running cost is actually about $3,600 per month. On another note, if the liberal's 10% luxury tax on cars, boats and planes eventually goes into play, the theoretical monthly cost of the same transaction would have been about $5,100 per month ($122k of total loss). Cheers.

Honestly, I can see this channel grow exponentially in the next year.. the content is GOLD. Only watched 3/4 vids so far but, man.. had to sub.

Great job man! Love this kind of videos, very interesting and rare information! Keep this great work Also: I think in markets like London, where there are a tone of each car, the spec (High spec, and more important, good, popular and sensible -like colors) is a real important part on the reselling process

Love your content Josh. Big ups from Oakville!

It's always nice to see an educated approach to this type of thing. Like many, I was brought up with the "don't finance your toys" mentality, a view that was probably correct for a certain period of time, but that may be a little myopic in the modern world as long as you approach the financing intelligently. That said, I've taken the sometimes painfully patient approach of saving / buying for the most part. It took me ~3 years from the point of being serious to actually buy a 15 year old Gallardo last year. When I did though, I paid well under the market for a gated manual car that had a clean title, but needed just a little love mechanically. I'd done all the research and paid a little extra in the PPI for a compression test to rule out anything potentially catastrophic brewing, then paid about 80% cash for the car, financing a small amount to maintain some liquidity in case something bad went wrong (liquidity within the discretionary budget for cars). I've done all of the work on the car myself to refresh it and plan to enjoy it for quite a few years and lose essentially no money because of the rarity of the transmission option. (It's stereotypically bright yellow *giallo halys*). That said, I'm also that case you describe being a keeper of things, so it probably makes more sense for me to buy something vs. if I were planning to move on in just a year or two. Pardon the epic comment, great video, keep it up!

My friends and I always love watching your videos. Keep working hard🇦🇺💪

Just watched about 6 videos of yours and I'm liking the content. You seem like a chilled out honest guy. I'm hoping that one day I can be in the same position as you! New subscriber here!

Lamborghini Huracan is really reliable from what I’ve seen. Royalty exotic’s Huracan has 200k+ miles on it and it’s still running like new.

Far as i'm concerned alls I learned from this video is, you don't have money, when you have a garage full of expensive exotic cars. YOU HAVE MONEY WHEN YOU'VE GOT A GODDAMN PLATFORM TO STACK MORE ON TOP OF EACH OTHER!!!!!! FUCKIN LOVE THIS GUY LOL!!! KEEP KILLING IT MAN!

Good information and thank you for putting USD conversions on the screen

Love the setting of the past couple videos

Absolutely LOVE your videos man. Totally awesome content that's much needed🙏

Thanks for sharing this! Being a Canadian I appreciate this info!

Yeah man I feel you. I just buy all my super cars with cold hard cash. Then I give them away when I’m done with them. It’s a every other day thing for me

15:05 I currently own a M4 Comp, and you are 100% spot on with the depreciation, but I feel as if you have to take into account the mileage that you put on the vehicle. Yes the M4 depreciates just as heavily as the huracan but I get to put 40,000 miles on it. Basically If you don't mind me asking, how much mileage did you put on the huracan? Just wondering. Love the content btw! Keep up the work.

Great stuff! Be curious what your thoughts are on how the car market will change in Canada after COVID.

This might be the informative and genuinely interesting and fun to watch car KZfaq channels I love with you out clip it’s in of accelerating etc

Could you do a thoughts on leasing vs buy video? I was looking at getting a mclaren. It snows almost half the year where I am similarly to Canada and I also only keep cars for 2-3 years. I work full time and travel quite a bit so the mileage restriction wasn’t going to be an issue. It’s less money down and all the maintenance is taken care of for the lease term so Ive been considering it. But being mid 20s I might be overlooking something

$224k for brand new sound awesome compared to huracan prices now. The 2015 models are pretty much selling for that now.

found your channel a while ago, I can say this content is underrated and it is very good!! love from quebec

Just came across your page and I’m a fan since you had an Audi R8 I’m here to stay haha subscribed

It's funny because here in the UK, if you were to want to drive an exotic car. It actually works out cheaper to buy it and sell it after a year-18 months because as you said the monthly cost is not that much. Renting an exotic car for a month would cost more than this.

In Belgium, it’s the taxes and insurance that makes owning a high end performance car very expensive... and then, the tyres as at least a set per year will be needed if you want to use it - closer to two, if you need winter tyres - and that was a minimum. For me, it was a daily driver, so... tyres were a big part of the expenses... (for about 20.000km/year)

Thanks for sharing the numbers with us. Love to see more car content.

Very solid info, good to hear from someone in Canada which is more relevant to me.

Cool video thanks for sharing the info

You already know, we back here for the content! Good video

Thank you for the video dude! Recently found your channel (around a week or two ago) and it’s absolutely fantastic!

Great video, learned quite a bit

Yo josh does the huracan come with ACC?

I really enjoyed watching your videos. I appreciate your knowledge, and honesty.

Thank you! That's the video I wanted all along!

You know you’re absolutely right, I like how you think about this whole topic and that you should meet my father to explain this to him.😂 But other than that i mean you’re truly full of valuable and logical information, I appreciate your honesty and transparency and god bless you.🙏🏽

I used to watch your cleat reviews on boots I wish I had the money to buy. Now Im watching your car reviews on cars I wish I could buy...

Great Info, Thanks for the video

My absolute favorite channel keep up the great work 🙌🏻

It would be awesome if you could find out more (maybe even make a video) about why the AMG GTR has more expensive insurance than the Huracan

I liked it more when you talked in the GTR instead of sitting in ur garage, either way a good video man. Keep it up

Hey Josh. Once this is all over, can we have a review/tour of the alfa romeo?

Your depreciation on the Huracan is what I paid for my '13 C63 sedan with 42K miles in great condition plus tax. The gas mileage hurts a bit but I expected it. I pray there are no mechanical issues until at least 100k miles. It had 2 owners when I got it and just out of warranty. Can't get one on an AMG and it would be too expensive anyway. No issues so far and I didn't get it as a track car.....less expensive ways to go faster. Loving it on the freeway/open roads. Isn't it crazy on the AMG.....$90k US in depreciation first 2400 miles. You won't lose much on the C7 ZR1 if you replace it with that. May go up after a while. Still think you should keep the Huracan if the next one is turbo. It'll hold its value too. Look at the 458 Speciale.

I love this channel man! Great work!

He is literally sitting next to my dream car the green one which I'm pretty sure is a AMG GTR and that awesome green.

Awesome vid loved it!

Everybody always thinks people pay cash for exotic cars when that’s rarely if ever the case.

Life is too short to worry about mileage and depreciation! 😅

Great video! I love your content!! I love your honesty

This was great! Thanks!!!

Okay, I'm gonna stick to a miata then.

Fantastic video. Thank you 🤙🏾

you gota give us some track day videos in the summer

Something also to take into consideration is if you're losing $16k+ per year in depreciation swapping cars around, by the end of 10-12 years you could have instead bought a $200k~ car in the beginning and saved yourself likely $100k by just keeping it. Instead you end up owning nothing in full. So it really comes down to do you want to "borrow" 5-6 cars for 10 years or do you want to own 1?

Okay now I'm sure quite a few of us would like to know what you do for a living what line of work? Love the videos also keep up the good work and given us the knowledge stay safe you and the family

Insurance cost depends often on the amount of the cars which are driving on the roads. For example, there are a lot of VW Golfs out there driving around and causing crashes, but Lamborgihnis are obviously rarer, so these types of cars aren’t as often involved in accidents as normal cars. So the insurance company pays god knows maybe 150k per year for all the insured Lamborgihnis and probably 600k a year for all VW Golfs. I know this, because the father of a friend of mine had a Bentley Continental GT and he also said that the insurance was cheaper than for a normal car. BTW this isn’t exclusive for Canada, I live in Germany and it’s the same thing here.

Great video!!!

$1200/year for a $300k car for service isnt that bad. I take my $30k mazda to service every 4-6 months. so could be 2-3x a year. Its around $100. So $200-$300 a year for a car that costed 10x less.

"An oddy RS5" 😂😂

Maybe I missed it, but how much did that wicked wrap cost? Great down to earth video, with much needed Canadian content! Are we seeing the beginnings of a Canadian Shmee150?

paid all 5 Vettes and 2 Ferrari cash... sold em.. now looking for a Evo spyder

What about the large tax bill? 13% tax on 300k is a significant expense that doubled your ownership costs. Please let me know as I was interested in the car! Thanks

Informative, thank you

Thank you so much for sharing your experience. You have a really nice car collection. May I ask if you would suggest lease or finance on an exotic car?

You need a TDF I want a gt3 touring PORSCHE

Great video brother.

I'm pretty sure fixing the AMG is more expensive than the Lamborghini it terms of real expenses Lambo expansiveness comes from the rarity + brand name but AMG labor is so much expensive and slightly damage can destroy a lot of expensive tech in the front Huracan being mid engine where the expensive parts are slightly safer in cases of small crashes unlike the AMG with cramped front bay

Big fan of this channel! :D

Keep up the amazing content!!!!

I appreciate this vid since the huracan is my dream and will own one day

Nice. I’m in London Ontario and nice to have Canadian content. !!!

The perfect financial move would be to buy a used super car with a transferable extended warranty. Not sure if these kinds of cars typically have extended warranties ??

Just realized baker mayfield is the speaker

Great advice !

He goes by the name Josh Exotic now

Hey man. Great content. In general, What do you think the used ones with warranty? Will that be a better buy dollar wise? In am from Toronto 🍻

What i got from this was wait 2-3 years so you can get a great deal for a "like new" car

Honestly, if all you care about is minimal depreciation on a new car (or any car, technically), get a special edition. Yes, it costs way more, but that's because it's rare, so will also depreciate less.

Very informative video

great video!

I never understood why cars depreciated when driven out the lot. Logically if you sell your car the minute you drive it out the lot, nothing was damaged or overused, why should it depreciate by 30-50%?

10:40 every time I drive my c8 it’s in track mode

I found a used BMW I8 for sell for $65k USD with less than 16,000 miles. Here's the part that I flipped over, the only thing wrong with the car is that the pervious owner was an idiot and messed up the Special Paint then wrapped the car himself using super glue....

Great video, thanks!!!

You didn't explain how much interest you paid, in price Vs out price isn't the whole story when you finance

Great video! Did you buy them outright with cash or did you finance it for the 2 year period you owned it?

What would u like to buy for your next purchase

Hi mate sorry if I didn’t catch u saying it but how much did it cost to wrap your lambo in black

If you want to hold values, go for Ferrari’s and porsches

I really wish I could see you colab with dde !

I see what you're saying about the peace of mind of spending the money up front but at the same time it doesn't make much sense in regards to a Gallardo. The Gallardo is less than half as expensive as that new Huracan, so the monthy payment would've been less than half of what you were financing the Huracan for. If you got a good PPI on the Gallardo your chances of a big repair bill would be miniscule if the clutch was recently done which would be in the area of $10-20k. You also would've lost roughly nothing in depreciation since the Gallardo is at the bottom of its depreciation curve. You lost $2k per month in depreciation, plus a little bit more in your monthly payments. So we can say it's safe to assume you lost around $50k minimum. If you did this same scenario with the Gallardo you would've lost virtually nothing besides running costs (which you didnt take into account here) as long as you didnt have to replace anything major which more than likely wouldnt have happened because a PPI would've prevented you from buying a car with those major things close to needing repair. Stradman replaced the clutch on his in his 4-5th year of ownership which cost around 10-20k im not exactly sure how much, but other than that he only paid for routine maintenance which costs a little less than what you were paying for the Huracan maintenance.

hey now that you drove the AMG GTR would you ever consider getting the GTR Pro? and also if you have driven a GT3 RS or the M4 GTS, could you shed a little insight on how you feel those cars drive. im a physics modder for driving simulations. and i can get all the factory data correct with the PDF files that some manufacturers will allow to be released but some ive just done my best at what i think it would drive like. i owned a valet company in grosse pointe for 6 years. co owned i should say. and i got alot of chances to drive super cars after building relationships with these clients, since we did privet partys only. dreessed in a suit and tie ect,... and they all knew i was a mechanic for a litle over 6 years. so when they said test my car out. i treated them with respect. a few cars i got to try was the Ferrari FF&458 , 911 turbo s./ 2010 era GT3 RS. viper ACR and a Falcon F7 to name a few. those were the big hitters, M series cars and most AMG models short of yours were like uiltra sports cars or low end super car. but personally i consider the GTR a super car. but of the cars you owned im just wondering like what where your favorites and why? how did it handle? was it balanced? was it just sheer acceleration that gets your hear going ect.. sry for the long one. if its too much ill try again maybe with a more concise and direct question on a future video. ty for the content.

You didn’t account for 13% hst tax in your formula. Because when you sell car back to dealer , they don’t give you tax back. So it’s $315 + 13% hst = $355k. You didn’t account for extra $40k in cost for tax. Your cost to run should be $43k + $40k= $83k. That’s almost double then what you quoted. Pls correct me if I’m wrong. Thanks