How Did I Afford My Cars?

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Let's try another one of these informal, conversational videos! This week's topic covers how I was able to afford 3 of my dream cars last year, I had my 2023 Corvette Z06, a 2018 Audi R8 RWS and 2018 Shelby GT350R. None of this is intended to be official advice, simply sharing some of my experiences, how I have done it and talking about what I did to afford my specific cars!

I hope you guys enjoy these kinds of videos, if you do leave a comment below and I will defiantly work on filming more!

Follow me on IG and FB at @eddiex616 to see daily posts and updates!

#corvettez06 #audir8 #shelbygt350r

[ScottKelley]

You're doing what so many people want to have the balls to try out... quitting their full time gig in order to go all-in with self employment. Love it.

[Chendavdpc]

I appreciate this type of casual, real talk style video, especially your transparency about your finances and decision making process. It adds a personal touch that's refreshing in a sea of YouTube creators just cranking out surface-level reviews. This video brought back memories of watching the video of you fly out to pick up your 350R during Covid. I seriously considered grabbing a new 350 around the same time but ultimately decided against it and have regretted ever since. Wishing you the best on your full-time YouTube journey!

[Necrodoxious]

Always nice to see the progress on your channel, keep it up mate.

[MarchedYeti]

love your cars, maybe an idea you could make a video on is having a daily and a sports car at the same time? how you manage that, what you look for, do you settle for something more comfy, luxurious, etc.

[Media]

Cash down vs. negative equity is just a matter of whether you write that large check at the beginning or the end. Either way, the depreciation has to be paid.

[matt_goes_fast]

i've been following you since your i8. I might have been in highschool/college then. Glad to see you are being your own boss fulltime. Last year I came across your BMW 8 series review and ended up picking one up myself. hope to have the freedom you have by 30!

[luisjalvareztorres]

I enjoyed this video way more than I was expecting! Great job!

[porscheguy]

Great discussion. I’m of the mindset that you should have a 2 car garage (daily and special car). Put more money into the special car rather than spreading it out between multiple cars. I’d rather have a $300k car than 3 $100k cars for example

[arelaththewhitewolf]

I appreciate your honesty… I can definitely relate to some of your story.. but I have a $5000 mortgage, $2000 AMG car payment + other expenses + married with baby and dogs. In California, anything under $900K in a good neighborhood isn’t a good house… and this is average or alittle bit better average house. But if i keep my payments fixed for the next few years, I should be able to save more…

[bassfan]

Eddie, I just started watching your videos. Love the energy. Great information and presentation in this video! As a car guy that is shopping for a fun manual sports car, the current inflated car market prices are hard to contend with. I will keep working hard and saving. I look forward to more of your videos. 🙂

[rafa]

Hey Eddie, I watched you back in a days when you were running channel with Parker. It’s amazing to see how much you have grown since than. I really like your content and I wish you the best of luck! Working hard always pays off! Liked & subscribed 👊

[rohansingh]

I’ve gotta say this is one of the best videos for night routines I’ve seen so far

[soriamidi]

Eddie do a video on your diet and gym routine. I have noticed you are in a way better shape now

[bassfan]

Eddie, maybe you can give your opinion on The Money Guy Show 20/3/8 car buying rule set in a future video or Q&A segment. Brian & Bo both emphasize 20% down, no longer than a 3 year term & a cap of 8% gross monthly income on total car payments. If it's a luxury car, it must be paid off in 1 year or less. That should put good financial guard rails on impulse purchases. Thanks in advance!

[s.flanders]

I’m at a point where I could technically afford fairly fun cars, but I can’t help but do the math for the opportunity cost and realize that any amount of money I’d put into a car (even just in terms of down payment and monthly payments) would yield a much better return invested in pretty much anything. Just not sure how to weigh the potential of later regret against the “YOLO” approach and enjoying some of the fruits of my labor.

[tjhthlj]

Can you do a video breakdown of looking for cars that don't depreciate that much with the rolling into different car concept?

[yunhanzhao]

Hey Eddie I really like your videos! I wanna ask you about rs7 since you had one in the past.
I have been eyeing on one 2017 rs7 performance with around 25k miles for a while.
Do you think it's a good time to purchase one recently and how does rs7 generally hold its value?
I am thinking about keeping it for a couple years(probably less than 5). It's not CPO, should I buy extended warranty or just save the money and find reliable shops and cheaper parts when the car breaks?(I feel like 25k is relative low miles, and gives me room to mod the car, tho it is a 7 years old car)
On carfax it doesn't show there's been a oil screen recall so how important is it to relocate/get rid of the oil filter?
It also comes with carbon brakes, I heard carbon brakes tend to last 100k miles, so is it a good idea to gamble that they last longer than me keeping the car hence saving brake money? I am not planning to take it to the track, maybe occasionally at drag strips.

[clubracer]

That does not look like anything remotely near Chicago! 😅 Where did you move to? Congrats on your success and getting out of here!

[deenyc]

Next year I want to see you vying against Shmee’s garage 😀

[Sterisk]

I just saw you on drive to survive, you're even more famous