How To Buy An Expensive Car For Cheap? | A Complete Financial Guide

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Here's exactly how to buy an expensive car for cheap + tips to avoid losing money when financing a car. Over the past 4 years, I have traded up from a 1995 M3 (My first car) to a 2014 Audi S5 for the cost of a monthly payment - VERY small down payments...IF ANY. I typically switch cars 1-2 times a year and break down my process for not losing money on depreciation, or the loan itself.

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What credit score do you need? 0:25
What income you need? 0:55
What type of car should I be buying? 2:45
How to budget for a car? 3:00
Where to get the financing? 3:55
What year car should you purchase? 5:04
What brand of car should I get? 5:45
Should you buy the Carfax? 6:47
How many miles should I buy with? 7:45
Being an to sell the car without going broke? 9:05

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Disclaimer:
The tips and tricks taught in these videos are from personal, hands-on learning AKA "The Hard Way". THE GOAL: To educate and help any and everyone, no matter the financial situation you are in. Comment your video request in the comments section below!

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I’m a car guy and this is carguy approved💯

jeyson
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Uhhhh but like what if it’s a car I’m going to want to keep until the day I die?? And it’s a brand new car I want to get that’s not even out until next year?

akisrodriguez
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I bought a used car and end up spending to much on it. Vow not to make that mistake again. Thanks for the tips.

priscafogss
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Maybe make a video for someone in poland where these cars cost 100-150K and we earn 50K a year?

kacper.
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some used cars (like range rover, tesla, etc) within 2 years and under 10, 000 miles are more expensive than new now with exact same spec. :(

LaurenceNyein
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Remembering how when I bought my first car the dealership really wanted me to sign off on a loan with a 11.99% interest rate (at a time when they were as low as 3%!) and when I refused, suddenly they were able to reduce it to 5% v sus -_-

Ullahussain
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I really like your videos! Subscribing now.

TheAnonymous
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So if you guys look at a car and realize it's due say a water pump, would you mention that as leverage for a lower rate? Or just walk away?

RK-qhll
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I honestly just want either a mustang gt with the robo roof, or a dodge Challenger

Draeus_Prime
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Joe: You so sexy I mean smart. Thank you for just the tip 😉

cassiecarbajal
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Can't we buy a expensive car like Bentley with emi ????

nishantjani
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So your saying i can't sell my Audi RS5 for more than i bought it for even though i installed a $5, 000 Capristo Exhaust in it? Wouldn't the exhaust up the value?

SuperEman
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honestly I just want a Subaru Brz or a bmw m3😢

zelema
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I just want a manual truck with a clutch that isn't too old...😨

xinic
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I’m 18 I have a 2009 a4 98k mikes but it’s gonna be expensive with repairs soon it alresyd needs a few but it thinking of getting a newer s4 s3 or s5 financing I make 2k a month what should my price range be ? I was also thinking cpo car but they cost a bit more I will be having a co-signer since I don’t have credit yet

thenotoriousjoey
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A cheap, expensive car isn't necessarily a good idea!

Onry
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How are you able to afford justin Timberlake to host your videos

shreyashsmart
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Can I get a bmw i8? I only have 10k it cost 50k

zeroanime
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Please do not listen to this guy. Please. Please. Please. He says some good things, but a lot i dont agree with

Use the god-given 20/4/10 rule.

20% downpayment. 4 year financing. And lastly the car should cost you no more than 10% of your monthly income

JimBobe