Why I'm Buying Exotic Cars While The Market Is Crashing 

don't have to be ballin out of control to do some hacking on a nice car

It’s so important

Welcome aboard!

"A lease is no different than a loan". Yes it is. A lease is the cost of the expected depreciation of a car hacked into 36 monthly payments. It's a rental agreement for depreciation with a buyout option. Your buyout happened to come at the first time in history when the price of literally every car went to the moon bc of the covid supply shortage. That's not a repeatable model.

@@ExoticCarHacks You're assuming that all of your lease payments are going towards the depreciation of your car, or the money factor. Most of your payments goes towards your principal just like a loan, the money factor is essentially no different than interest, But is considered a rent charge. I leased and sold my Mac pre-COVID and still made money because I bought it right. If you have 36 payments equaling 100k, on a 300k car, you are basically paying a rent charge, or interest on the lease schedule. If you exit out of the car early, say a year, you don't pay those remaining rent charges, no different than not paying the remaining interest on a loan. Even the cap cost adjusted down payment goes towards your principal just like a loan. I leased and sold many luxury cars pre-COVID and made money by simply flipping them and never had to pay taxes on anything more than the payments I made. Obviously during COVID things were even better. But I don't understand why an open or closed lease is any worse than a loan to you. You don't own the car when you have a loan either, that bank that stamped on the title is the real owner until you pay it off. Once you get a loan or pay cash on a vehicle, you paid 100% of the sales tax right up front and lost all that right off the top. You don't have that disadvantage with a lease, and you can write it off if it's a corporate lease.

Hehe clearly doesn’t understood leases in my opinion. I’m with u …I’ve done the same like you and came out pretty well with leases as well and the tax write offs is real. ESPECIALLY in California

After what happened to Bryan Salamone last weekend I am not going to modify exhausts on any of my cars ever again.

@@ExoticCarHacks Did the exhaust contribute to the fire?

On "poor people cars" they probably will

Both dropping

@@ExoticCarHacks how about F12 market

There are great cars to hack for $50k now that were once $100k+ when they were new. You’re just buying preowned versions.

@@ExoticCarHacks ahhhh.... ok now that makes perfect sense! I understand now! Thank you!

@@ExoticCarHacks I would love to own a Audi R8 and those cars are up there in price. I'll definitely need to learn how to buy one of those if they are priced in that range!

@@jayfrmbkny2547 an R8 is pretty hackable, talk to the right lenders, the R8s retain their values pretty well both in V8 and V10 spec

@@Rockit181 And I'm guessing signing up for the program will show me how to do that?

Great specs doing well. Bad specs sitting

@@ExoticCarHacks Still have yours? Probably the best spec I've ever seen.

Only if the dollars made sense. I dont really care to own a LaF

yes

@@ExoticCarHacks solid!

inaccurate data all around. Thanks for playing though

@@ExoticCarHacksno, he’s spot on. You’re going to eat it, when the the upper middle class finally gets hit

50% less? Wow! Why don't you arbitrage them if this is true? BECAUSE IT ISN'T!!

@@stevemundie8495 Because it’s a PITA to import cars that aren’t 25 years old correctly. Look at the last BaT results for a sold 997 GT2 and the last collecting cars result for a 997 GT2 and get back to me. Euro market 550 Maranellos are a decent opportunity to make some money right now, but it’s too much work for someone who isn’t a dealer/importer for it to be worth it.

Arb from europe into the US is a complete pain in the ass. Not worth it even with 50% margin.

@@ExoticCarHacks agreed, there are better opportunities within the US

She'll be on the channel soon

Wait til you see my new one