How rich should you be to buy an exotic car?

Рет қаралды 688,814

3 жыл бұрын

How does exotic car financing work? • How does Exotic Car Fi...
How does Ed afford his cars? • How does Ed afford his...
How much does it cost to own an exotic? • How much does it ACTUA...
How to make a lowball offer: • How to make a lowball ...
How to sell a car like a pro: • How to sell your car l...
How to prepare for an exotic purchase: • 10 Steps to Prepare fo...
@EdBolian explains what it takes to safely and comfortably afford an exotic car.
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#ExoticCars #CarBuying #CarDeals

Пікірлер: 1 300

@MaxSpeedMike 3 жыл бұрын

You can live in a car but you can't race a house.

@younesskhader1150 3 жыл бұрын

That’s why i live in my car

@autobez3132 3 жыл бұрын

You never heard of trailer drag racing

@alexc.8505 3 жыл бұрын

I’m boutta gap a civic pulling my mobile home

@MaxSpeedMike 3 жыл бұрын

@@alexc.8505 hey now i think my 20 year old civic would do just fine 🤣

@PaulBuffano91 3 жыл бұрын

Living in a Lamborghini may not be the most ideal or practical thing in the world, but that’s a scarified I’m willing to make.

@mattbeck3933 3 жыл бұрын

“Ed stop making these.” -my bank account

@shouldigetit 3 жыл бұрын

lol

@xero256 3 жыл бұрын

I woke up my neighbors, laughing about this comment. So true. Thanks! It's been a rough week.

@shouldigetit 3 жыл бұрын

@@xero256 Hope you have a better week going forward

@mattbeck3933 3 жыл бұрын

xero256 Ha! Glad I could help even a little. Hope things go better in the coming weeks and months.

@mxlo8504 3 жыл бұрын

I was your 1000th like

@ozzinine 3 жыл бұрын

That moment you realize why Ed was such a successful exotic car dealer...

@chrisreynolds6391 3 жыл бұрын

You're practically losing money if you don't buy a 10-year-old Gallardo.

@workingguy6666 3 жыл бұрын

@@chrisreynolds6391 lol! And people keep falling for it.

@coscorrodrift 3 жыл бұрын

LMFAO on point, I'm doing percentages on my income as we speak

@Fraaatuto1889 3 жыл бұрын

This guy could be selling me a v10 m5 with 100k miles on its original engine and i'd still end up buying it

@earlputnal9124 3 жыл бұрын

Well you know that ALL car salespeople. Have gotta lower their customer stereotype and standards. Just for selling another car? Every once in a wildly stretched stratosphere? Lol

@Kevins93cobra 3 жыл бұрын

Car guys everywhere: "Hey honey, this guy online said I can buy a Lamborghini!"

@earlputnal9124 3 жыл бұрын

Sure. But unless your buying one for him and one for her? Don't count on her still being at home. When you get done signing your life away for that sweet Lamborghini? Lol

@errorloading940 3 жыл бұрын

😂

@omgvague 3 жыл бұрын

@@earlputnal9124 She may leave, but more will come.

@earlputnal9124 3 жыл бұрын

@@omgvague But not the kind that you'd want to stay with? Lol

@Quartzhawk878 3 жыл бұрын

@@earlputnal9124 Cheaper if you pay upfront anyway ;)

@BEARTAC0S 3 жыл бұрын

So in short you don’t HAVE to be rich but it definitely makes things easier 😂

@InHerMajestiesDefense 3 жыл бұрын

gtav

@thesoundvault508 3 жыл бұрын

Life in a nutshell 😂

@alexturnqest6202 3 жыл бұрын

Amen.😭well.. Looks like I'm going to Pilot school after all. Lmaooooo!!

@jacobdaus3835 3 жыл бұрын

Actually, NO. You HAVE to be rich to own the same cars Ed drives

@frostbite1991 3 жыл бұрын

buy a house when the market is low, refinance when the market is high. slap a big down payment on a supercar. but with cost of living in general areas, I wouldn't consider one until you make close to or over 6 figures. unless you're gunna be that guy parking his lambo at the trailer park lol.

@IamMugs 3 жыл бұрын

"All of your bills should be less than 50% of your income." If more people learned this, there would be a lot less trouble in the world

@MrEazyE357 3 жыл бұрын

Some people don't have a choice though.

@IamMugs 3 жыл бұрын

@@MrEazyE357 Of course, and those people shouldn't be buying a nice shiny new car, or a big screen TV, or a super car. Live within your means.... unlike the government Took me many stupid purchases to realize I pissed away 20 here.. 50 there. We're talking decades here. Once I stopped, I was able to buy nicer and nicer things

@rayman1230 3 жыл бұрын

Yeah tell that to the renters and mortgage companies. I can live in a shoe box but my kids can't. No reason I should live like I don't have a job when I make decent money. The dollar just doesn't go as far as it used to. 🤷‍♂️

@fakename287 3 жыл бұрын

@@rayman1230 exactly, inflation goes up but wages stay the same

@Alex-tv3jy 3 жыл бұрын

If only it was that easy. I make significant more than minimum wage where i live and still only save 30% if my income due to living expenses.

@pwrightisright8611 3 жыл бұрын

Dave Ramsey already found and disliked this video

@Dirkdaring44 3 жыл бұрын

Actually he would probably like it. A lot of what Dave preaches is in this video.

@policywonk8346 3 жыл бұрын

Dave Ramsey also preaches about living minimally and lives in a 14,000 square foot mansion.

@chrisreynolds6391 3 жыл бұрын

Ed needs to sell the car, get on beans and rice, and start delivering pizzas every night.

@daytonwintle6051 3 жыл бұрын

@@policywonk8346 he absolutely does not preach living minimally. Just live below your means

@policywonk8346 3 жыл бұрын

Dayton Wintle You clearly haven’t seen his whole recent video series about living minimal....

@Danieltcb12 3 жыл бұрын

Update: I still do not have enough to buy an exotic car

@mohitme1234 3 жыл бұрын

Can’t even buy one in gta ;(

@keithscott2706 3 жыл бұрын

@Bob Marly they aren't

@ghafurable 3 жыл бұрын

@@mohitme1234 😂😂😂😂

@matthew_natividad 2 жыл бұрын

I’m just trying to stay in top of my bills

@anzeg- 3 жыл бұрын

The 2 rules I generally follow with this is: 1: Don't ever be upside down on the car's value 2: You should be able to take the hit financially (still be able to pay rent and food) if you wrap it around a tree

@jtswhitewater4940 3 жыл бұрын

Anze G Agreed 100% but many like to live high on the hog on credit!

@Raynedog00 3 жыл бұрын

If everyone followed this, there'd be no traffic in LA, New York, or anywhere really for that matter.

@DoctorTauri 3 жыл бұрын

Raynedog00 hahahahahahahaha true

@greyosu9247 3 жыл бұрын

Get gap insurance

@anzeg- 3 жыл бұрын

@@greyosu9247 That's pretty shitty advice. Pay more money monthly to insurance because you couldn't pay more downpayment so your already too-long monthly payments for a car not worth what you're paying off in case you crash it and can't afford food. You shouldn't be in that situation to begin with.

@EdBolian 3 жыл бұрын

Let me know what other questions I can answer about your exotic car buying goals. Have a great day!

@OddShapedHead_Phil 3 жыл бұрын

Ed Bolian thanks Ed, always look forward to your videos!

@davidjeffries5514 3 жыл бұрын

How to identify a good mechanic?

@doingcoolstuff7609 3 жыл бұрын

Ed, we’ve seen all of your friends car stories but the one person we haven’t heard from is your wife! If Mrs Bolian would be up to sharing a story, we would all love to hear it. I’m sure she has one or two really good stories. Thanks!

@leb4life11 3 жыл бұрын

What do you think a non lp clean Gated Murcielago with low miles is worth?

@ryandono5721 3 жыл бұрын

I make 5,000 a month and right now my bills total up to 2500 for everything. You think i can afford an exotic?

@douglasbarton7135 3 жыл бұрын

This should've just been called "Why Ed Will Never Own a McLaren."

@BrazilBro_ 3 жыл бұрын

12c for 80 is looking pretty smart

@nitro677racing 3 жыл бұрын

BrazilBro is it though with potential repair costs?

@BrazilBro_ 3 жыл бұрын

@@nitro677racing just gonna have to repair it yourself. From my research there are a lot of home remedies for issue. The worst one is the cam phaser issue that will eventually need updating and tearing the head down

@Borderline5440 3 жыл бұрын

@@BrazilBro_ When it's $3k to replace the battery, that isn't very smart.

@devandrasimanjuntak1646 3 жыл бұрын

Borderline5440 at this point, a McLaren is actually a perfect car for a lroject where you DIY the whole thing. There’s a guy in instagram called rille347 who does exactly that to his 720S, going as far as to make his own front end to the thing.

@calmario117 3 жыл бұрын

Shrewd negotiation is actually how I feed myself. Money is for chumps.

@dancearoundtheworld5360 3 жыл бұрын

I heard someone say ask how much they want for it even if its not for sale or if they know anyone that has one for sale.

@wsshead 3 жыл бұрын

Shrewded Wheat, breakfast of champions and brought to you by this months sponsor ...

@NAUT758 3 жыл бұрын

*puts gun to dealers head* yeah how much is the car now?

@mikeaninger7388 3 жыл бұрын

Quite useful. New title: How to prevent non-car friends and family from saying “I told you so.”

@EdBolian 3 жыл бұрын

Very important

@Sailor914 3 жыл бұрын

Back when I used to maintain McLaren F1’s I calculated that it cost at least a dollar every time you stepped on the clutch!

@jamesshives5679 3 жыл бұрын

I always knew clutchless shifting would come in handy one day... the day I own a Mclaren f1

@Nar01 3 жыл бұрын

Why be rich when you could just *shrewdly negotiate*

@dancearoundtheworld5360 3 жыл бұрын

I have gotten free tools so thats the most shrewd ive been.

@armandotamayo2104 3 жыл бұрын

Camry gang?

@alrightalrightalrightalrig1403 3 жыл бұрын

Lmao

@joe718gt4 3 жыл бұрын

Five-finger discount

@dchiznit209 3 жыл бұрын

Like makin them an offer they can’t refuse

@1bluensx 3 жыл бұрын

Ed, great video. Very useful. My first exotic was a 1997 NSX. Bought it at 27 years old, and my dad had to “co-sign” ... but I still have it today with 52k miles, all OEM/stock. Definitely worth it.

@chrishayes7966 2 жыл бұрын

Sell it. You’ll get $110k

@bigdogshaq1979 Жыл бұрын

@@chrishayes7966 na the nsx is special

@christophermcelligott1593 3 жыл бұрын

I figure, "don't spend more than you can afford to lose," so I'm probably in the "not until I can buy it outright" camp.

@daytonaguy3584 3 жыл бұрын

and you will probaly never have it...screw going to the grave with regrets...there are responsible ways to have it withought buying outright

@ApothecaryTerry 3 жыл бұрын

If you finance

@brois841 3 жыл бұрын

@@daytonaguy3584 if you're going to the grave, then by definition you don't have regrets. Dead people don't have feelings. However, those you leave behind will be left with your poor decisions and debts. I sure hope with thinking like that you don't have a significant other/dependents.

@daytonaguy3584 3 жыл бұрын

@@brois841 dont really feel like engaging on this...think what you want

@elisscaliving4776 3 жыл бұрын

Don’t buy a lambo outright lol

@brettbilger1390 3 жыл бұрын

I just forwarded this to my economics teacher with the subject: THIS IS WHAT YOU SHOULD HAVE BEEN TEACHING US!!!

@blockbertus 3 жыл бұрын

So let us know what he responded!

@Elitecamp27 3 жыл бұрын

@@blockbertus Same here. I'd like to hear what he/she said. the car world has changed significantly.

@blackshadow7192 3 жыл бұрын

I hope that's some kind microeco teacher otherwise you're going to get roasted.

@DominatingDrew 3 жыл бұрын

Yeah, but economics =/= personal finance.

@drepop803 3 жыл бұрын

Haha nice

@louiss.w1944 3 жыл бұрын

I ASKED ED BOLIAN FOR ADVICE ON BUYING my civic SI and this dude responded! Fan for life. Respect from Canada

@y2ksierra 3 жыл бұрын

I just bought a 360 Modena using the Ed lowballing tactics. Flew across the country and drove it home. It’s a dream come true even if it’s a POS to the average Ferrari enthusiast 😅

@okcivicx693 3 жыл бұрын

Congrats! I love the 360 and if it's kinda rough that means you can drive it guilt free!

@y2ksierra 3 жыл бұрын

okcivicx thanks! High mileage (44k) and a little rough around the edges, the perfect guilt free Ferrari! Will try to make some videos on it here soon as it needs a lot of little odds and ends and I’ll also be doing the maintenance myself.

@MbTrojansurgeon 3 жыл бұрын

Good job man!! Who cares what other chumps think-you are living your dream man

@VINwiki 3 жыл бұрын

Check the description for links to other videos of exotic car buying advice from Ed.

@ashp5406 3 жыл бұрын

you mean when he created whole vinwiki to drive up price of Manual LP640 to sell at profit and use that money to buy another free of debt....best advise ever

@Matthew-np9fk 3 жыл бұрын

We know it’s you Ed

@Gearbhall 3 жыл бұрын

video idea - how you evaluate a car you are considering purchasing to decide what you need to offer in order for the purchase to make sense.

@dfw1fast143 3 жыл бұрын

I’ll never forget a guy telling me “for the amount you spend on all these cars you could have got a Lambo”. And he was right. Although I do enjoy driving a different shit box each day of the week.

@FSXflyermaster 3 жыл бұрын

ZR1 LT5 Chris shitboxes are fun because you do care what happens to them. Or care how they look

@manuelmenendez8239 3 жыл бұрын

Liquidate and upgrade 👌

@ghafurable 3 жыл бұрын

😂😂😂

@ikmal63h17 2 жыл бұрын

It depends on person perspective too,some love to modify their car more than buy high performance car.For me I aiming for buying new Lamborghini and it definitely be permanent car in my garage because it's my dream car.

@rich873 3 жыл бұрын

Try to look like you won the lottery 10 years ago LOL

@Bob-hi2xh 3 жыл бұрын

You can enjoy a old car. If you are driving something to impress people around you, you're not a car guy

@ThePolomoloQC 3 жыл бұрын

I enjoy driving older vehicles!

@tuckersbaby 3 жыл бұрын

I don’t see myself ever owning anything made after 2006

@tenzinsmith7991 3 жыл бұрын

At least you still look like you won the lottery.

@earlputnal9124 3 жыл бұрын

That's so wrong. But so true. LMAO.

@MrInternFTL 3 жыл бұрын

Ed: when can you afford your exotic car? Me who’s 13 who can’t even get a job : interesting...

@VINwiki 3 жыл бұрын

It's closer than you think!

@shamanosarcasm9800 3 жыл бұрын

1. Dream 2. Write your dreams down 3. Work and save and make steps to make your dreams come true There is nothing stopping you from achieving your goals.....

@bigmaxcc 3 жыл бұрын

Bathroom Sign work hard hustle it be easy

@forresttm 3 жыл бұрын

Remember the 50% rule..

@justinjohnson623 3 жыл бұрын

Better than dreaming of being tik tok famous.

@KevinMcMullen. 3 жыл бұрын

Great video. I have stressed myself out a lot buying exotics and trying to keep them under 10% of my net worth. It always ended up being more like 25% which ultimately made me feel I wasn't making a "grown" up decision keeping them. Glad you made this makes me feel better about going over 10%.

@user-oc4np2bu2r 3 жыл бұрын

Ed. Outstanding job. Seen people dig themselves into overwhelming debt because no one took the time time to explain this to them

@snowren24 3 жыл бұрын

I know a few were mentioned in here but a video going over "entry level" exotics would be awesome.

@VINwiki 3 жыл бұрын

Good idea

@mattmatthews5414 3 жыл бұрын

VINwiki yes, please!

@retrorewind6042 3 жыл бұрын

I can already predict the first gen r8, gallardo and ferrari 360 being the main 3 people think of. Maybe a mclaren 12c but that ones iffy

@bigmaxcc 3 жыл бұрын

snowren24 👀clean record clean credit score would be the first

@snowren24 3 жыл бұрын

bigmaxcc haha well no points (for now) and a 780 score.

@MBisFrenchy 3 жыл бұрын

I agree 100% with the C2S logic most people don't look at the depreciation close enough long term.

@shamanosarcasm9800 3 жыл бұрын

Ed, just wanted to let you know that I used your 'used vehicle buying tips' when I bought my daily driver 2018 Titan XD last month. Contrary to your belief, your advice IS applicable to non-exotic cars. I feel I managed a shrewd negotiation and bought the truck for $4K under asking, which may not seem like much, but it frees up that money for any equipment or aftermarket parts I want on it. Thanks for the great content and confidence to get what I want without getting worked over at a dealership!!!

@GloomGaiGar 3 жыл бұрын

being smart with your money applies to any situation tbh

@tbaker1985 3 жыл бұрын

Having Ed as my life coach on youtube costs me 12.99 a month. Worth every penny.

@beachboisurf 3 жыл бұрын

Great info and a conversation that no one but you Ed could have and say the word “responsibly “ and mean it. Thank you for the wisdom. Here’s to our super car aspirations.

@j.a.martinez4001 3 жыл бұрын

Good Morning here on the west coast. Thanks for the Upload Ed, Love starting the day with your stories or your know how knowledge. Have a wonderful day!

@petrolfever 3 жыл бұрын

Now I just need a video on how to convince my wife that its a financially responsible decision!

@Brianlikescars 3 жыл бұрын

Financially responsible and fun cars are not in the same conversation 😂 maybe an NSX though if you keep it stock.

@franciscodanconia4324 3 жыл бұрын

I’d like to see a video from Ed’s wife on this subject.

@brois841 3 жыл бұрын

If you need to convince your wife that it's a financially responsible decision, then chances are it's not ;)

@GregScholfield 3 жыл бұрын

THIS is the one I’ve been waiting for!

@bobmcl2406 3 жыл бұрын

Good, clear insight. Many people have trouble seeing beyond a simple monthly payment. Your explanation may help some folks "raise their eyes" a little, and understand car ownership (exotic or otherwise) in a wider context. And dang you are easy to listen to!

@TheBlackopsbeast360 3 жыл бұрын

New points of view always appreciated!

@michaelo8304 3 жыл бұрын

Great to see another Ed story!

@DangerousDaveM3 3 жыл бұрын

6:45 I felt that :( I didnt have bearing failure, more the rod leaving the block failure. But what a car the M6 was while I had her.

@iiNgONYaMa 3 жыл бұрын

Shit!!!

@edwardramos9666 3 жыл бұрын

Great conversation to have. I like that you took a responsible approach to this.

@y.t.928 3 жыл бұрын

Thanks Ed. As someone with a very humble background that now owns 2 Porsches and a Mercedes, I appreciate straight talk and your channel in general.

@Kyle_Duffy 3 жыл бұрын

For all the 15k V10 M5's I have saved on Facebook Marketplace, this answer was unintentionally extremely direct lol

@vegeta12379 3 жыл бұрын

Do rod bearings and vanos the day you buy it, and save for the SMG dying and you'll be fine

@MegaE46 3 жыл бұрын

I still want a V10 M6!

@polarbear111000 3 жыл бұрын

This is really good advice. My '18 Acura NSX is pictured left. I've spent nothing on this car in my 1 1/2 years of ownership beyond the monthly payments, gas, and I do the maintenance myself which is a few hundred dollars.......That's exactly the way I planned it. I bought it brand new, with a warranty that I haven't had to use, and with Honda reliability, I'm pretty sure she'll be problem free for many years. As for depreciation, that only matters if you plan on selling the vehicle........I don't sweat depreciation. BTW traded in my Gen V Viper GTS for this....made $29K..on that....

@okcivicx693 3 жыл бұрын

Congrats! Love the NSX. Enjoy it

@israels5033 3 жыл бұрын

So you plan on keeping your NSX for??? I want one and I love the NSX but it really is a bad example for this strategy that Ed explains in the video. Probably the worst depreciating exotic after Maseratis. 2017/2018 examples can be found now for 115-130k

@ikmal63h17 2 жыл бұрын

Happy for you. I also want to buy my first exotic car which is Lamborghini brand new because I want to spec it as I want.This car will permanent car for me since it's my dream car

@ModeSarka 3 жыл бұрын

Thank Ed, very relatable topic!

@stevekissel605 3 жыл бұрын

Great vlog 👍 Keep them coming.

@kirkpatrickdavid 3 жыл бұрын

Wise words - this is pretty much the exact considerations I had before I bought my LP560. With regards to maintenance costs, try to find a car that’s had major necessary work done recently. In the case of my Gallardo, I found one that had a new clutch installed (one of the inevitable big expenses with these cars). It doesn’t add much to the sale price, but is worth hunting out in order to avoid paying the extortionate cost further down the line.

@Gman7774eye 3 жыл бұрын

Ed’s talking I’m in!!!

@SimeonDTaylor 3 жыл бұрын

Ed gives great advice for anyone wanting to buy any car... whether you are rich or poor. Debt ratio, income, maintenance, and up keep he provides sound advice.

@DB2A7 3 жыл бұрын

Great video Ed. Thanks.

@McPsalms 3 жыл бұрын

"Look like you won the lottery 10 years ago " 😂

@didafm 3 жыл бұрын

I like this. He gave alot of information and tips that he didn't have to.

@hheythered 3 жыл бұрын

Thanks for this Ed, great video.

@RowdyGood 3 жыл бұрын

Great video, very honest. Thanks Ed.

@stephans1990 3 жыл бұрын

There is this guy in my country who has a really common construction job and spends almost literally any penny he owns on his cars. Dude has owned a nearly endless list of exotic cars and currently drives a Lamborghini Murchielago. The guy really should have his own KZfaq channel, but he does occasionally pop up in car vlogs and magazines.

@chadandersen2774 3 жыл бұрын

I don’t have a high priced exotic in mind. I’d like a gen 1 or 2 Viper and build it from there.

@tazahsan 3 жыл бұрын

This is really great information thanks so much!

@user-zs5of5en5o 3 жыл бұрын

Enlightening video. I’m going to be on the market for my first exotic in 2022-23. This was informative. Thx Mr Bolian.

@kevinharper7037 3 жыл бұрын

I expected not to like this video, as i am more of a Dave Ramsey person, but I was pleasantly surprised.The key, from ed, is avoiding that loss of principle which is done by buying used. I think ramsey would approve. I do not like the concept of financing a car. I have financed one car in my entire life and hated it so much that have never done it again. I have also had what most people would consider exotics my whole life. In my 20's I had a Porsche, a Ferrari and a Lotus at various times, and I had no real money. Each one was purchased "With needs" and after it was fixed and I had enjoyed it a while it was moved on for the next one. The Porsche replaced a Duetto, the Ferrari replaced a Fiat Dino (Which surprisingly the Fiat Dino is worth much more than a 308 now) and the Ferrari was replaced by a Lotus. Each had a car that financed it's purchase. I don't know how easy this would be to replicate as this was during the 80's and cars were simpler, but i do know that putting a clutch in a gallardo is not rocket science, and you can buy a Gallardo that needs a clutch for a lot less. Ultimately what I got from this video is that you can play with exotics without going broke and if you are somewhat smart about it you may not make money but you can turn it into a zero sum game.

@ArturBrzozowski444 3 жыл бұрын

This series is gold I have never had a car but when I will do it might as well be an exotic 😅

@richardbailey511 2 жыл бұрын

Thanks for the info. Great stuff

@bradleyland 3 жыл бұрын

This is great Ed. Once someone understands finance, a whole new world of common sense opens up. How much does a car cost? Depreciation + finance costs + MRO (Mainenance, Repair, and Operation).

@kickhuggy 3 жыл бұрын

I would ask Ed to convince my wife for me, but I’m also worried he’ll do more than that

@snuzly 3 жыл бұрын

Nothin like some VINwiki to start off the morning

@EdBolian 3 жыл бұрын

Have a great day!

@luukandela 3 жыл бұрын

Its 17:20 rn 😂

@roscaoctavian98 3 жыл бұрын

So happy I found this video. I can see everywhere on the internet giving financial advices about cars but none of them were truly car enthusiasts. Everyone sees a car like a status symbol and no more than that. To me, is the motivation of moving forward, the reason why I don't give up, the strength of belief and the ambition to succeed. You can't tell me to spend no more than 10% on a car because otherwise is iresponsabile

@Fedgery007 3 жыл бұрын

So helpful! Thank you!

@thesmockinggunYT 3 жыл бұрын

Ed: my first exotic car purchase was financed through the Japanese Mafia and they were shrewd negotiators. *VinWiki opening plays*

@nothingheretowatch7371 3 жыл бұрын

this was super usefull thank you

@EdBolian 3 жыл бұрын

My pleasure. Good luck!

@realleescoggins 3 жыл бұрын

That was great Ed. Well done sir.

@johnpick8336 3 жыл бұрын

Another Classic From Ed's Secret Lifestyle Nuggets: "Travel Like You Won the Lottery Ten Years Ago". Thanks Ed !

@leb4life11 3 жыл бұрын

When i heard Ed was telling a story I had to be early!

@EdBolian 3 жыл бұрын

Thanks for being early!

@leb4life11 3 жыл бұрын

@@EdBolian Well I'm in Australia so midnight isnt too bad! Thanks for posting early so I get to watch before bed!

@donaldtrumpsgoochhair4472 3 жыл бұрын

I bought an expensive car before I could truly afford it and I was so stressed out driving it, always worried about it breaking down. Luckily I sold it for what I paid for it and learned my lesson

@sickvendetta9 3 жыл бұрын

Great video thank you ! Learned a lot

@VincentDarkIron 3 жыл бұрын

Wouldn't that be amazing to have all the stories avaliable as podcast on Spotify as well ? Has it been though already ? Thank you for your work Ed !

@sjtanman 3 жыл бұрын

You are the most enjoyable guy on KZfaq I mean that truly.... Freddie is a distant 2nd

@konnectoneforexsignals7844 3 жыл бұрын

I blindly and emotionally bought my dream car, I had no idea I was going to get hit with $12,000 in maintenance and repair costs in first 14 months of ownership but I still never regret it and would do it again.

@brois841 3 жыл бұрын

which car is that and what kind of maintenance/repairs?

@lb34mwr 3 жыл бұрын

I really like his videos. I am using this logic on my next new/almost new truck purchase

@Khanh.Nguyen369 3 жыл бұрын

Love this talk. Great job.

@orangecayman520 3 жыл бұрын

I was just thinking about this

@mr.blonde1709 3 жыл бұрын

my porcelain echoes with the whiskey flavored baritone that is Ed's voice as i clog-up the crapper again.

@MbTrojansurgeon 3 жыл бұрын

This deserves a million likes bro... I shit myself laughing

@dhabbott41 3 жыл бұрын

Thoroughly enjoyed the video.

@ymararma 3 жыл бұрын

I recently pulled the trigger on a used R35 GTR. It took me a long time to decide, and everything you mentioned in the video is genuine. The cost of ownership, depreciation, and other surprise costs were all things to consider before buying the car.

@AlexGray Жыл бұрын

Two years later, how has it been? Any regrets? I’ve been wanting to pull the trigger on one for a long time now.

@leroy2576 3 жыл бұрын

Don't forget about insurance. I was eyeing my dream car and all the numbers were lining up, until I called the insurance companies.

@lwdn3379 3 жыл бұрын

Forreal. That's what people don't realize. Even if you have a good record, the state/city you live in can definitely play a huge factor in that.

@leroy2576 3 жыл бұрын

@@lwdn3379 You are correct. We were told by multiple in a high risk area because of the number of accidents. So even if you have a good record, it might stop you from getting that dream car.

@pistachiosandpopcorn7146 2 жыл бұрын

If you're asking this question then you're probably not rich enough.

@Johnnyvo30 3 жыл бұрын

I’m so glad i watched this video! Learned a lot

@T43B1GD0G 3 жыл бұрын

Everything Ed just said.. i wasn't listening to purchase an exotic car.. i was listening to purchase a $15000-$30000 car and everything still applies and is still relevant. Ed is brilliant

@bryanwhite3021 3 жыл бұрын

I owned 4 cars as a 24 year old, I lost alot on my previous 15 Audi A6 when I got my c43 amg. Very nice cars but I should have just stayed in my 11 ford taraus with $25k in the bank and bought a old Porsche to have fun in. Still doing great but I've made a promise no new cars until I can buy my Lamborghini huracan and if the c43 shits itself then I'm trading it in on a 03-05 e500 or 12 Honda accord

@bd233 3 жыл бұрын

What do you do brother?

@thehandsomenipple3623 3 жыл бұрын

damn 24...

@elisscaliving4776 3 жыл бұрын

Nice

@ikmal63h17 2 жыл бұрын

24.What do you do?

@CharlieBrownGaming 3 жыл бұрын

Since the hurricane decided to spare us I shall continue my morning routine of vinwiki and coffee love to hear the stories and it helps me be in a better mood for the rest of the day!!

@michaellong9259 3 жыл бұрын

Very interesting listen I enjoyed it thanks ed

@joepiano2520 3 жыл бұрын

Thank you this is very helpful!

@perpetuallynovel 3 жыл бұрын

Ed, thanks for a great analysis as always! I approached buying my GT-R with this mindset almost 10 years ago and it's proven to be a great purchase as far cars go. The car is paid for now and I've considered trading for a manual R8 or Gallardo because I think the manuals are a bit more depreciation-proof. Any thoughts on that?

@osiris1309 5 ай бұрын

Everything is always a bubble. Over 60% of all 911 GT3s sold in the US are with a manual transmission. Still think they are rare and special?

@TheG60528XiJinPing 3 жыл бұрын

Sees title Dave Ramsey will like this one

@jringhisen 3 жыл бұрын

Found this informative and validating in my recent hunt/quandary over what 911 to end up in as my first exotic: older Turbo or newer 4S with the target price being somewhere around $70K. Wouldn't be a daily driver, but it would get a lot of use.