How Much Are the MONTHLY PAYMENTS on a Modified SUPRA? We go over The REAL Cost of a Modified Toyota Supra How much is insurance How much was the downpayment The best way to buy a supra! Toyota supra monthly payments
No cap ain’t never heard a RU-vidr say what u just said when it comes to buying a car. Not only r u educating us on your down payment etc. but also letting us know how your paying for it
Wow, the transparency in this video is unmatched. Not only doing things the financially smart/right way, but sharing that info with others. Respect. Subbed.
I was not interested in these until the manual transmission was available. I am supremely grateful for your transparency, and I wish you continued good fortune.
Right now I own 2 rental properties, a small corporation, and work a full time job that pays pretty good. I’m really looking at getting a Supra someday, Currently working on my real estate license so I can start making sales. After watching this video it motivates me even more to grind harder for that passive income, and keep fighting for earning my freedom. I’m 24 but I’m hoping with enough hard work and perseverance I can make it! Thanks Geo!
Thank you for being so transparent. This is actually my first video of yours that I have seen. Sometimes cars seem so far out of reach but it’s nice to know that it’s possible!
My man hats off I pride myself on honesty and transparency it's wonderful to see it in someone else. Speaking of financial education and the supra is really just top tier. It's a car I want and I know I should be in possession of assets well before buying that and you make a point that patience pays. Got yourself another sub!
Zero money down. A $927 dollar car payment with I’m assuming a 5 to 7 percent interest rate is a terrible financial move. If you are thinking about financing a depreciating asset this expensive, please don’t do it yourself. Save your money and pay for it in cash. That’s the only way to do it.
To some this is the "normal" way of buying a car. I had the option to pay cash for it, but decided my money is worth more into a apartment complex. With the apartment complex I'm able to pay for 3 supras...not that I would lol it comes down to your personal goals and making your money work for you.
I highly doubt you had the 64k to pay for the car in cash since you elected to pay an additional 13 thousand in interest over the next few years. Looking at the bill of sale, you can see that you had an additional 2 co-signers. This is a clear sign that your "passive income" is not enough to cover the cost of the car as the bank is not willing to loan the amount to you only. Its your money and you can do want you want. I am just pointing out the flaws on your financial advice. Nice car and best of luck to you!
@@TONY.619 I actually put my girl on the car as well since she's been with me since the start of everything. Check out this video, or at least the thumbnail. I have no reason to dishonest. ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-O5XtKNQ8YMY.html
@@Gabe_Ortega Financing a car is a horrible idea either way. If you cant pay cash for it then you cant afford it. If you had 64K to pay cash for the car, why would want to pay any interest?
@@TONY.619 What's wrong with paying $13K over 5-7 years so you can BOTH keep your cash money in the bank (presumably to invest or save for a rainy day) AND keep the car? $13K in 5-7 years won't hurt him too bad and he probably won't even feel it, the opportunity cost of being able to keep all your money in the bank NOW + have the car NOW in exchange for an additional $13K you paid in 5-7 years far outweighs paying NOW $54K or $64K (whatever the car is worth) to avoid paying an additional $13K to the total price over 5-7 years. To each their own but i rather keep my money in the bank NOW for investments or a rainy day than pay for the car in full NOW to avoid $13K additional paid over 5-7 years. Millionaires and billionaire's still finance, that's how they stay rich.
Man when you started talking about passive income, you won me. I love passive income and I'm glad your schooling viewers of it. Why work to pay for your toys when you can have investments pay for them
This is very reminiscent of my youth when I used to buy nice cars and pay those high payments. I’d be a millionaire right now if I would’ve purchased a 401(k) with those payments.
With regards to building credit, the banks do not care if you make a 0 dollar down payment, that’s not moving the needle. You’re only hurting yourself by paying much more in interest by having a larger loan. The only time a 0 dollar down would make sense is with 0% APR which isn’t very common.
You don't move the needle on the down payment, you move the needle on the buy. Like purchasing it under market value, like a house. If the cash flow from an assist can pay for the loan and you invest the money somewhere else that gives you 15%+ return. I'm happy to pay a few hundred in interest payment when the same money is making $1000s. To be be honest it comes down to your personal goals. One day I will worry about loan pay downs, for now leverage and ROI are the most important things to me. I appreciate your comment!
Thank you for being extremely transparent on the payments of this beautiful car. I intend to save enough money to be able to afford this car by the middle of this year and hearing what the costs will project to be and strategies on how to make the most out of your payments like in this case passive income, helps me get a more clear understanding what to do now to prepare for those expenses. THANK YOU ONCE AGAIN JUST LIKED AND SUBSCRIBED
Came for car content, stayed for the solid finance insights & inspiration. It’s refreshing to find creators who focus on transparency and the not so sexy side of things. Not every time hype. You just got a new sub.
So I went to dealership to buy a truck to tow a light travel camper. ALL trucks are so damn expensive I told the sales guy if I'm gonna fork out that type of money I could buy a new corvette or a cool sports car. I said what sports cars do you have? What's the nicest one I'll look at it put a hitch on it because it's insane that trucks cost that much. They had a Supra premium for 6K less then a truck I was looking at. Let me tell you that this car is worth it. Wow is all I have I have to say about this car. I didn't buy either yet but understand that this car will stay at the forefront of my dreams until I own one. Incredible car with incredible performance and value. Yes you can buy a used hellcat and those are cool or a corvette or a Porsche or a mustang or a Camaro or a wrx sti or a lancer evo but I can say that this car outperforms in the twisties of the Appalachian mountains. I burnt out a half a tank of gas in 45 mins. Not many vehicle can drop into a 30MPH turn at 85 without hitting the brakes and flooring it out of the turn letting the tech keep the ass end straight as possible jerking you back in the seat with ease like this car will. Impressed by it. How we got to a point in society where people fork over 30k more then a Supra for a dually truck over a car like this is insanity to me. Very nice ride my dude I get it. I will return at a later date and pay cash however as that is the little more responsible move but let me tell you it's worth paying the bank in my opinion as it is a sweet ride but not worth a divorce. I challenge anyone to go drive one and tell me it's not not worth the bank interest owed to own it ASAP. You can buy happiness and this is it.
first video i’ve ever watched from you and honestly subbed. I don’t usually do that (i’m stingy with my subs) but i love the transparency. You’re humble and honest and have a great taste in cars. Cheers on your success and future uploads bro 🤙🏽
Damn that was great. Massive respect for the transparency. You're reaping the benefits of your hardwork since the beginning. I'm wondering what your insurance is? I've had my driver's license for about 4 years now and I pay $280/mo for 1 car ('22 BRZ) no tickets or anything. California is crazy
I am a Realtor as well, and had a rough last couple of years. You motivated me to stick it out the long run. I feel this is the year I can get this car.
@Gabe Ortega I am in the Bay Area Northern California. If I ever get someone heading that way I'll refer you. I tried to add my ig but RU-vid doesn't allow if you go to my info it shows it. I'll follow you back
Love the transparency my man. Smart way to buy a car as well (judged when you said no down payment) but I knew there was an explanation 😂😂 great vid 👍🏼
I did this same method with spending 35k on a pool route that makes 4k a month and financed my Ford Maverick @ 2.99%. ($500/month) That 35k invested in my pool route (asset) makes over 100% returns on my 35k compared to the -2.99% the truck currently costs me per month (liability). Great video bro 💯
@@Silidons91 yes but this isn’t like having a 9-5. I built my routes with older trucks; I now choose reliability and warranties for a company with this kind of stability and growth 💯
@@Silidons91 I used to have that same mindset until I began learning how money really works. My business would still be on the ground floor had I not set higher standards for the guys and myself
Wow man, great advice! You gave a lil accounting 101 into to the car but great point on assets!! $0 down payment is crazy but there’s a method to the madness. Appreciate the vid. Def getting my sub
$926 until 2029? Did all of the people talking about how great this guy was with finances not realize or see that he financed 64k and will be paying 77k? Passive income or not you’re losing a lot of money on that car. For what it’s worth, I paid 57,000 for my Launch Edition brand new, installed nearly every mod you talk about, and paid around 65,000 give or take is what it costs to build this exact car. That’s with no miles and no previous owner abuse. That aside, nice cars man. I think I like the GSX more than the Supra 😊
Your correct, if I was to hold onto the loan the entire time..which I'm not but if I did would coste an extra 13k.. the passive income from the apartment would take 4 months to recoupe those losses and still give out income for the rest of my life. It's still better to invest in a asset then to spend large down payments on liabilities.
Your right on the warranty part. Upgrading the turbocharger will stop the warranty. Similar a90s with similar mods are selling for 62-65+. Luckily for this type of car the desperation is very low, unlike a Chevy Malibu which will deprecate 10% within the first day. Certain type of cars hold there value for a long period of time, some even appreciate. I expect some small loss over the the period of owning it. All comes down to the car :)
@@Gabe_Ortega I have an A90 that I paid $50k OTD for with 30 miles on it in 2020. Selling a modified car is always harder. I'd be more concerned about gap coverage if anything were to happen to it because I don't think insurance is going to be as generous on the value of the car as the used market is. Also, the only thing holding up the value is the current supply chain shortages. If those didn't exist or the used market cools off because of recession there will be some pretty heavy depreciation. I just generally think putting $0 down on a car is pretty bad idea for the gap coverage alone. Just my 2 cents, but it ain't my money lol Sweet car though and I want that exhaust for mine.
Banks don’t look back to see how much your previous payments were 🧢🧢🧢… they care what you’re income and credit scores are. I have over an 800 credit score and I’ve never had a car loan over 20k. 😂
Of course those are 2 of the main factors. They look at your previous auto loans as well and compare them to your new one. Usually double they'll go. Some banks are will take more risk than others and will require you a down payment..again not all banks are the same. And congrats on a 800.
This man just used passive, monthly and cash flow in the same sentence when he was saying the same thing.... The right car is an asset, as long as they hold their value, your money isn't being devalued by the government as quickly in a car as it is in a bank.
Great very factual on cars being a liability not assets. Would have been nice to talk about the importance of DTI and how much income also translates into trust loan wise
$3,000 a month in cash flow from a $63,942 investment is WILD! That's over 50% cash-on-cash return. Can you please make a video on your process of buying this property? I'd love to hear more about the purchase, renovations, and how you rented out the units.
I passed by your GST all the time dropping my son off at school. It's looking lonely and needs to be driven. Maybe one of these days we'll have to go to Mexico and see what it'll do against my mustang.
Your monthly payment is more than my monthly mortgage on a 150k home lol. In your case you should have just paid the car off so your not paying monthly interest.
Thr 60k+ makes me 40%-50% in real estate..the car would save me 5%....it's a clear winner that the apartment pays for the car and then some. Its hard to get used to becouse they never thought that in school.
Soooo if the economy craters, we go into a recession and your tenants leave and you gotta cover the monthly mortgage payment for your 8 rental… then you gotta cover that Supra payment as well right? Seems risky unless you got a large cash pile stocked away…. Love the car though! She’s a beaut and your right great deal with all the free mods you got.
They'll always be risk. But they are ways to mitigated risk the right way and the wrong way. A safer thing to do is go to work for 8 hrs a day for the next 40 years of your life hoping your boss doesn't fire you.. Nothing wrong with that. But for me that seems riskyer
@@Gabe_Ortega what? How is a steady 8-5 job riskier? If you get fired, you just get another job. You don’t have 100k+ of DEBT that you owe regardless if you have tenants or not.
He lives in the same state as me. Houses are already coming down in price. No more Covid craziness. Why I don’t consider real estate a healthy investment
Ok check this out. $76K invested in an ETF, for example JEPI, will give you about $850 dollars per month in dividends. On the other hand, $76K spent on a car gives you $0 per month. It hurts me when I see good people falling for these toys that keeps them in the rat race.
The capital gains you would pay would be very disappointing in eft. Investing that into real estate would give you 10x the tax deduction and more cash flow to reinvest....or buy a supra :D
I feel like you could’ve had a 2008 Gallardo by now if you either sold all those cars or never bought them in the first place and just saved, but that’s no fun 😂
Rich people don't buy a car and make payments. They buy an asset that makes them money to make the payments on the car. House rent it out and use the money to pay for the supra. In the end you still have the asset making you money and a car that you want with no payments out of pocket.
All these people slaving away to pay for a depreciating asset and they are somehow proud of that fact? Wake up people. You are trapped in the consumer cycle.
You make good money, but the transparency is lacking in area where you make more money than the average Joe. I personally would of taken an X3 M Competition.
Cars are 99% not good financial moves but what’s the point of being 100% accurate with finances and not enjoying life? So yeah, enjoy your car that you drive even if that bank “owns” it.
Love the video man and congratulations on all your hard work finally paying off!! My only suggestion when making these videos is making sure you don't forget to block out you address because people can be weird sometimes man. Best of luck brother
Thinking about pulling the trigger. Thinking about trading in our Lexus Then putting 10k down And hopefully it should be about 5- under 6 hundred a month
truly inspirational, MK4 was my all time dream car before the MK5 came out, got the best i6 in the game so far, hopefuly I can own one after finishing college
You’ve got a new follower my friend. I want to eventually purchase a Porsche 918 Spyder My next car I wanted to purchase was a Surpra. Seeing your content gave me a bunch of ideas. Thank you for this
Great video and info man. If theres one thing ive learned at age 30 that i could tell my younger self, it would be to work and get smart with your money before chasing a car payment. Use your money for education and businesses. Get a STABLE job into foreseable future, pay off any student loans, build your credit up and real estate and stocks, THEN go for the assets and luxuries. I see too many young kids barely finish college but go broke and live at home just to drive an m4 or a supra. Your advice was great.
For someone that’s risk adverse, it’s not great advice. You would need to ask yourself if you can reasonably make 10k+ with that money in the time it takes you to pay off the car, because that’s how much interest you’re going to pay. Also, if you’re focused on making money, sinking 65k into a depreciating asset isn’t great either. Having toys is fun, all I’m all about enjoying your money, but it’s a bit of a mixed message.
5% Interest vs 40-50% returns..I'll take the 40-50% returns all day. It's all about timing. And what goals you have for yourself. My goals are drivin by cars. Kinda a bad motivation since there expensive lol
Finance charge is Almost 14k😮. Congratulations though. Of the 3K from the passive income, how much do you actually keep after paying mortgage and unexpected repairs.
The 3k is roughly net. Of course the supra payment comes out of that. I'll be finished with a remodel on 1 apartment that with pay for the supra all by it self.
He’s not paying for it. Lmao his lady co-signed for his car. And he’s banking on the fact that his “remodel” of some apartments in the straight worst part of town will pay off. He isn’t smart he’s honestly naive
Wow. i clicked on here to see monthly payment for supra but i sub cause of the eclipse on the back. First car 2 decade ago was a 97 eclipse spyder. transmission were big trash. went out twice in 2 years. hopefully i get back into another one down the road.
Nice man I’m almost paid off on a used car I bought in 2020. Definitely looking to upgrade but I like not having a crazy high car payment trying to save for a house
I love cars got 6 of them! I don't want what I love to take away my financial freedom! F the payments f being in debt f being upside down! Old is gold! F what others think! I keep my money in my pocket by keep a foot on my wants and make smart calls just just going back to being broke with all those cars! U make a lot of money but a lot of it goes away
here i am in uni and its rly nice to see u making ur dreams a reality. its quite inspiring and hopefully one day, i’ll do the same. currently looking into getting an evo and the 23’ supra 6MT after uni 🎉🔥
It’s still your money I hope you know that real estate doesn’t mean other peoples money it’s your money that is paid back to you but a percentage goes into your car
