HOW TO FINANCE A LAMBORGHINI OR FERRARI...

My advice an experience financing my Lamborghini Aventador and my Ferrari F12. Some hints and tips and what to expect when financing your first exotic car or supercar.

MY FULL ONLINE REAL ESTATE INVESTMENT COURSE:

NEW WILL MOTIVATION MERCH!

SUBSCRIBE TO REAL ESTATE 101:

SUBSCRIBE TO WILL MOTIVATION:

LIVE STREAM SCHEDULE:
Friday Nights and Sunday Afternoons… Turn on notifications!

INSTAGRAM: @willmotivation

[artisms]

Thanks for the motivation Bro! A year or so ago I started watching your channel and since I’ve got 6 real estate deals on the way or sold. Next year I want a super car. I appreciate you and your positive Vibe! Keep doing what you do.

[v]

If the dealership does the loan themselves, you might get a slightly higher interest rate of like .01% up to maybe .05%. regardless, whatever quote you get from a 3rd party financial insinuation. The dealership will most likely have a higher interest rate. Those hundreds of a percentages matter I.e. (.01%) especially if your financing more, like a house or a car price 100, 000+. Thats where they make the money. Because the dealership is charging you a slightly higher rate, then what they borrowed the money at, and are paying back your loan to their bank. Obviously since Lambo financial for example wants to write the loan and it might be faster and more efficient, they are borrowing money from a financial institution but have more options behind the scene because they are likely not to default if you don't pay. Yes you might get a higher rate from them, but they make a little more money on that rate and payments might be a tiny bit more but they need to pay back that loan too. Because that interest rate they borrowed the money to give to you for your rate interest rate– it is lower than what they charged you. The spread is their bread and butter. He is right, some banks won't take on the rest, however, those same banks that won't take on the risk from you directly, they will write the loan at a lower rate to the dealership and they will mark it up slightly and write you the loan.

[hendog]

This is really helpful information. I have been gradually stepping up and was wondering exactly how I can get into something like an SV. So far went from G37 coupe to C7 Stingray to C7Z06, to Audi R8. Hoping in the next few years I can get into something more exotic.

[boyTerry]

Bro Will !! My Man !! I told you that your channel was inspiring me to get my first supercar and guess what? I just bought a 2nd gen. Bentley GT W12. I am coming up in the world right behind you bro. Keep inspiring brothers like me all over the country and the world. My next target is the 720s or SV. Wish me luck! FYI - I bought my Bentley @ Sarchione Auto gallery in Ohio. If I had known you lived there, I could have stopped by one of the shows there.

[justwin_]

Working for banks as long as I did I always looked at these big purchases as negative.. But Will has it right.. buy the right ones with the right financing and don't destroy it, you can make money in exotics. Also better to not tie all your money up paying cash (invest it). If you can do both, though, congrats!

[PaulWolfert]

😅 watched this RIGHT before heading to the Toy Barn in Ohio to get my car and was shocked to see the SV. The staff all said you're an amazing guy on and off camera. Love that!

[PassportBrosBusinessClass]

I have a solid 850 across the 3 bureau’s and I have maintained it for 3 years.

The only thing I’m willing to let it dip for is a new piece of property.

To buy a supercar, I’d rather use my business credit- but since I wouldn’t buy one of these - a $130, 000 car being the most, I needn’t worry about those score dips.

[gsdgroup]

as always great content!! a person can never hate on a man thats transparent !!! as the old saying goes "he who has nothing to hide, hides nothing"

[caymanlambo]

Hopefully I can get my Huracan EVO next year. Just had my 2022 GT4 delivered last week. I believe I’m on the right track. Thanks for the knowledge.

[sjtanman]

You can finance over 120 months and lower your payments too. You will pay a higher interest rate but it's worth it because you won't keep the car 10 years anyways.

[adamk]

Have great credit and still bought my '22 R8 outright. Sold two Corvettes. A C7 Z06 3LZ/Z07 and a base C5 as prices were going up. Invested it in the market. Gained a bit there. Took the money out earlier this year (Feb/Mar) as things were heading south. Paid MSRP for the R8 in Apr. Had I not taken the money out of the brokerage account and let it ride, it would have gone down nearly 20%. Instead, I bought the R8 with it that still has a resale value over MSRP. BTW - I live near you in the Galena area.

[luisfabriciogarbato]

Good video Will! Always love your content, I have my own process to finance 150k+/200k+/ 300k+ cars. 1) I maintain my credit score always above 740p at least, it's 811 right now, 2) I have a good relationship with my bank and do everything wity them in regards to borrowing money (except of credit cards) and 3) pay my debts before due dates and 4) keep my credit cards always below 10% usage. all my loans are approved in matter of hours.

[damoncolbert]

I appreciate you puttin' me on with the extra info regarding financing super whips. I really like the idea of making money by owning a super whip, and being paid to drive one. The mark of a true playa, baller and hustla is to always be on that grind and always on that paper chase. I really like how you're always looking for, and finding, ways to stack mo' paper, playa.

[FastLaneD]

Good info Will! Once I get my first lambo I’m making a road trip back up to Columbus 🤘🏾💯

[emkhet]

Great informative video Will! Appreciate you educatiing us on how the process of financing a Lamborghini or any supercar at that, works. Definitely gonna refer to this video before I purchase my Lamborghini Huracan.

[mrmeadowsiscool]

honestly I've been watching these videos today, I've been making a monthly budget plan for my dream car, home etc. Trying to envision this in my mind and work it into truth. Its hard at the bottom but so much room to go up

[QueTheChaotic]

As soon as you mentioned credit score, Credit Karma sent me a notification lol. Thanks for sharing the knowledge. You helped me get financing on a house with a lender you mentioned before.

[Armurp]

Man you've been the most consistent when preaching your message....salute.

[Sunburn]

What about debt to income ratio on these things? I make over 100k a year, and drive brand new Mercedes AMG products, upping my car more and more every 2 years or so. No missed payments ever. Credit mid 700s

[retroliftsprs]

Saw this car at a meet it's an absolute monster.