When I was poor, I had this vision of what I would be driving, it was a Porsche Cayenne. A luxury SUV, with some speed and enough sitting to fit some people. My favorite model is the turbo GT AWD 2022 gray/blue color - with golden rims. It is such a beautiful car.
There are three problems with this car and me owning it when I started actually considering it.
- First: I don’t like attention (their no way this car would not bring attention )
- Second: I don’t like losing money in 5 years that same Porsche would be worth about 50% of the original cost
- Third: I love reliability (these are not as reliable and easy to fix )
I know what you’re thinking: if you have money, you can just buy and who cares what people think. Truth is, these cars are for people that have money burning a hole in their pocket, and don’t mind losing money.
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1. The Car and Tour
- This is my Toyota Corolla 2017 ( cost about 16k with over 130k miles on it ) - disadvantage of DR car prices
- Its an upgrade from my Toyota Prius from 2009
Overall:
- It’s a normal car so no attention
- Its extremely reliable and parts are easy to find
- And here specifically it holds more value over the long term ( although I don’t care much for that )
Cost benefits:
- This about 153k less
- It lasts about 250k miles with good maintenance, we drive about 10k miles a year
- We have left 120 miles or about 12 years give or take
- When have you seen a 250k mile Porsche and yes I know I could buy a 2017 model for less than 50k but that comes with other problems - plus it's not what I wanted
2. What I realized:
- Apple car play
- Faster car
- Model year
These are all small things that companies use to push you over the edge and to buy some expensive car
- But if you wanted carplay it would cost about $200
- Faster cars have to follow the speed limit
- And the model year doesn’t matter, it matters how long the cars last
3. Who else is Like this
- Scotty a mechanic here on RU-vid, his wife has driven lexus from like the early 2000s
- My Rich Uncle has a 2010 4-runner
- My almost rich friend drives a 2011 Honda CRV
Poor People:
- My old high school friend drives big trucks and BMWs ( doesn’t even work construction)
4. My Next Car
- I’m looking into a Truck ( because I really like farming and animals - so eventually it’ll be something I may need - but not currently )
- I would like a Toyota Tacoma TRD Pro Beucase we all like the high-quality trims and stuff
But here is what I will say
- I’m not buying this car most likely until I have a house
- Until I have a farm or a reason to have it
We are not comparing different things:
- Cars are based on utility
- So Toyota or proche 100k or 10k
- They all do the same and get to the same place at the same time because of road limits
5. SO if you want to be rich
- Drive what rich people drive
- Toyota, Honda, and Ford
- I like Mazda too
- Pay cash for your car
If I do end up buying a Tacoma or Tundra
- They go for like 40k
- That’s a lot of money
- But 40k/60 payments of saving
- That’s $667 dollar per month ( then boom I have the cash)
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*Some of the links and other products that appear on this video are from companies in which Tommy Bryson will earn an affiliate commission or referral bonus. Tommy Bryson is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. I'm an Accountant but I'm not your Accountant, always review information with your Accountant/CPA and your Financial Advisor.
20 авг 2024
