LEASING VS BUYING A CAR

Поделиться
HTML-код
  • Опубликовано: 24 дек 2024

Комментарии • 269

  • @HULYRICSTV
    @HULYRICSTV 3 года назад +83

    Wow. “People don’t quit jobs they quit management” powerful line. Moral of the story, hire genuine and honest people with integrity.

    • @vohidjonergashkulov5890
      @vohidjonergashkulov5890 3 года назад +8

      But you as a managment have to be honest and genuine as well.

    • @Rico1Law
      @Rico1Law 3 года назад +2

      I agree but It’s hard to know who are like that nowadays ,resumes don’t mean shit .. my opinion

    • @Christian_Charvet
      @Christian_Charvet 3 года назад +1

      @@Rico1Law So true. I place very little influence on someone resume. I look to work with people who have passion & a desire to grow. We can train everything else.

  • @dlodaservicetech
    @dlodaservicetech Год назад +4

    Wow in the middle of car shopping for my family and here comes earn your leisure to put me in the right state of mind when making this huge purchase.

  • @cannamink
    @cannamink 3 года назад +38

    The truth is, do whatever feels good for you and your situation/mindset.

  • @_iampmoney_
    @_iampmoney_ 3 года назад +17

    I’ve been selling cars for a year now in Nashville and am glad y’all put this on here.
    Car sales is a great way to 6 figures. Not too many people make more than car salespeople.
    Learn how to speak with people, seek to understand their issue, provide value in your product, close the sale.

    • @ExistNNature
      @ExistNNature 3 года назад +1

      I sold cars too

    • @Christian_Charvet
      @Christian_Charvet 3 года назад +1

      @@ExistNNature Hope you found some useful information in the podcast.

  • @bonniendlo
    @bonniendlo 3 года назад +11

    It's a reason why this is the best podcast simply because it's the best!!

  • @fields1336
    @fields1336 5 лет назад +75

    @ 30:00
    Do we forget that most people graduate college in debt... a college degree doesn't mean you're smarter, just mean you're Versed in a particular subject....

  • @You1uji
    @You1uji 5 лет назад +46

    This is all great if you want to drive what you cannot afford. Save your money and get a reliable car and ride until the wheels fall off. Cars are liabilities...NOT assets in 99% of cases...as mentioned here, cars depreciate upon registering it and everyday thereafter. The math is not complicated...see how much your car, taxes, insurance and maintenance cost over the course of the number of years and compare it to how much your lease will cost (including the down payment, taxes, fees) over the number of years you plan to lease.

    • @reubenbrown6452
      @reubenbrown6452 4 года назад +1

      Do the math cost of the vehicle over the 5-6yrs it took to pay for it. Divide total by time to complete payment..That gives you the annual cost. Look at it current value and the cost to replace it.

    • @solomons5669
      @solomons5669 3 года назад +2

      A car is actually an asset,.

    • @linequeenpublishing
      @linequeenpublishing 3 года назад +3

      Facts, I dont think ppl are taking into account when you lease you dont have to pay for repairs. Thats a huge savings right there. And you can switch out your car every 3 years. But its a personal decision no one willl ever agree on this topic until they understanding money a little deeper.

    • @RC______
      @RC______ 3 года назад

      @@linequeenpublishing you’re making a payment every month when you lease which means your always spending money. If you take care of your car that you finished financing then you’ll only have to fix it once a year if that.

    • @linequeenpublishing
      @linequeenpublishing 3 года назад

      @@RC______??? I never said you were are not spending I said you will be saving money.

  • @Thehealthcoachhealer
    @Thehealthcoachhealer 7 месяцев назад

    I have watched this video over and over for a year and today I finally closed on a new vehicle lease! Gratitude!

  • @dlp1085
    @dlp1085 4 года назад +17

    The most important take-away I got from this podcast was about the stapler. How I heard it was, “find out the customer’s needs and offer them the solution that will specifically solve that problem.” Thanks fellas. Better late than never. Lol

  • @breakage959
    @breakage959 5 лет назад +7

    yoo this is the best podcast on youtube hands down

  • @TashyBabeCave
    @TashyBabeCave 5 лет назад +26

    This episode came right on time. I'm looking to get a car and I am more knowledgeable about the process. Thank you guys!

  • @basementflowisreal9727
    @basementflowisreal9727 5 лет назад +17

    Very good episode! As a Managing Partner with 21 years experience within my Dealer Group leasing is always the way to go! Good job fellas!

    • @EarnYourLeisure
      @EarnYourLeisure  5 лет назад +2

      Thank you for tuning in to the episode!

    • @1111V2
      @1111V2 5 лет назад +3

      Should an individual lease or lease under an LLC?

  • @jonwigfall
    @jonwigfall 5 лет назад +66

    You guys have a bias toward leasing. It wasn’t balanced. Good information but try to be balanced because there are tons of benefits to buying a car, such as not having to make a payment after it’s paid off and being able to drive the car for several years after - and then being able to use that money to invest and build wealth. If you always have a payment you always have to give your income away.
    But for real you all did an amazing job and this was an awesome interview. Very proud of you guys!

    • @ROCBOYZGURLZ
      @ROCBOYZGURLZ 4 года назад +1

      Agreed

    • @agtechnology8999
      @agtechnology8999 4 года назад +4

      @600 W CHI correct, I have 4 owned and one leased. All of my owned cars/trucks are for recreational and going to work. My leased is our luxury and it is for events(anniversary, special business meetings, road trips,yada yada). I love all my owned vehicles but would NEVER purchase another vehicle. The cost of upkeep on my purchased vehicles are 10x the cost of the two leases that I have done.
      As i said in the other post, if your job depends on image (mine does) then lease a nice vehicle. You dont have to lease a damn Ferrari, just a nice luxury vehicle. If your job is a mid-level manager gig at Walmart then buy a nice, cost effective, 3yr old vehicle. Then as you gain more income, slowly trade up every 3yrs so as to capture the value in the trade. Makes no sense holding for 7 yrs then trading...you'll get robbed that way.
      But yes, you're correct. I'm not paying 1000.00 per month, hold 7 years and watch it eat a hole in my wallet when I can lease every 3yrs and keep my repair money in my wallet while paying 600.00 per month and investing the other 400.00 per month that I will be saving.
      Now if your spending level is around a 16-20k vehicle then your outlook on things will change. If I'm in the affording range of a 14-16k vehicle then my main goal is not to lease or buy. I am probably driving my parents or uncle, or older siblings' old car and trying to get ahead of the game before even talking about buying a nice car.

    • @madbarber1670
      @madbarber1670 4 года назад +7

      If you drive more than 12k a year a lease is not for you ...doesnt matter economics...logistics has to factor In as well

    • @FNFFILTHY
      @FNFFILTHY 4 года назад +1

      Right, they are talking about luxury vehicles and the benefit of not losing your rep by getting something newer every other year. But for us normal people, buying a 8k car for 5k with negotiating and other perks like maintenance. I’m kinda mad they cut him off when he was starting to talk about negotiating

    • @KNO210
      @KNO210 4 года назад

      Can't help but feel like that's the obvious purpose of paying off a vehicle.

  • @rohr2964
    @rohr2964 2 года назад +1

    He is not lying East New York big up love to see when someone make it out the neighborhood it’s tougher than nails out here but it makes you harder then concrete

  • @overa100idontwantit6
    @overa100idontwantit6 5 лет назад +207

    Great content, just 1 suggestion let the interviewee talk more than you guys to get all the information out of the persons expertises!

    • @EarnYourLeisure
      @EarnYourLeisure  5 лет назад +58

      Thanks for the suggestion

    • @bozzey1047
      @bozzey1047 4 года назад +2

      👍

    • @chuckbasher3515
      @chuckbasher3515 4 года назад +13

      It was a really good video but we were all on edge waiting for the jewels but the brothers kept going on and on about bad deals they did lol but maybe they encouraged a pereon not to go sign a bad deal with their story

    • @hustlemotivatelead
      @hustlemotivatelead 4 года назад

      Facts

    • @czar82ro
      @czar82ro 3 года назад

      This isn't has Business Works

  • @nickalvarez8790
    @nickalvarez8790 4 года назад +12

    Lol i bought a ford fiesta for 2.4k 11years old 60k miles. Had it for 3 years, never broke down, used it for amazon flex deliveries made about what i paid for it just from working 4 hours a week for about 6 months. Used this car for everything, driving to my main job, free time, driving friends to the airport (for money obviously lol) Someone backed into my car when it was parked and he paid me 1.2k to have the dent repaired, i banked the money and didn't repair it cause it wasn't worth it on such an old car. Sold it after for 1k. Probably the only time i have made money on a vehicle.
    These guys are talking about buying new cars on finance. I'm talking about paying cash for a cheap reliable car, pick a model that is cheap to insure and good gas milage. You will always beat leasing if you do it this way.

  • @flyboiient2232
    @flyboiient2232 3 года назад +6

    Things that may improve your life:
    - Believe that we got created & manifest
    - No masturbation & semen retention
    - Drinking 2-4 liters water a day
    - Don't compare yourselves to others, compete with the you from yesterday
    - Don't seek approval or try to impress anyone
    - Cold showers (Even the last 20 seconds of your regular shower)
    - Meditation
    - Not relying on relationships for happiness
    - Working out
    - Having a leader mentality
    - Reading books
    - Breathing in from your nose (reminder)
    - having gratitude
    - Cleaning your room
    - Taking breaks of social media
    - Not limiting yourself
    - Making up your bed (discipline practice)
    - Quitting/moderating caffeine & sugary drinks
    - Walking in nature
    - Making your own money (online)
    - Having a plan for things you wanna do
    - Being aware of what you doing with your valuable time & energy
    Peace, blessings and love to you (make a screenshot if you want to!)

    • @yonapops8062
      @yonapops8062 3 года назад +2

      No mb and semen retention how does that help?

    • @GODLYBEAUTY7
      @GODLYBEAUTY7 3 года назад

      Hear, hear!!

    • @jordanchattman4125
      @jordanchattman4125 3 года назад

      @@yonapops8062 it helps because it improves your testosterone which has many benifits not to mention the discipline you gain by not giving into temptation

    • @AkeemPierre
      @AkeemPierre 3 года назад

      🔥🔥🔥

  • @charlesmenifee7886
    @charlesmenifee7886 3 года назад +8

    There’s so many pros and cons to either way. I always bought, but the last car I bought, I bought with my LLC/EIN. But ever since doing that, I’ve been thinking about the payments and how it may make more sense to lease for the tax purposes. Also I really don’t know if I’ll ever keep the car. I paid off a couple. I actually had a Camry that I did sell after I paid it off. So I did recoup almost $8K.
    A lease also could help me get rid of negative equity. So I appreciate this video as I think about what I’ll do.

    • @grod805
      @grod805 3 года назад

      Aren't you supposed to use your car for business purposes to write it off? Apart from like real estate agents I cant think of another profession where owning a luxury car is needed

    • @charlesmenifee7886
      @charlesmenifee7886 3 года назад +1

      @@grod805 a Camry is a luxury car? It’s not. And RE agents don’t need a luxury car either. I do believe there are limitations to what kind of depreciation you can get based on the type of car you do have.

    • @Christian_Charvet
      @Christian_Charvet 3 года назад

      @@grod805 I would refer to your accountant when it comes to this.

  • @slegentus
    @slegentus 4 года назад +43

    I thought about leasing but I feel financing to own is best for me personally!...no matter the amount I pay the car off within 2 years

  • @twinn17s
    @twinn17s 5 лет назад +13

    This podcast is definitely gonna blow up.....here since 9.6K subs.....

  • @john8x752
    @john8x752 Год назад +1

    Kelly is just a guide. A guide that comes close. Dealerships shoot that down. Unless its vin specific not the one the consumer uses.

  • @antoniodeltorro2448
    @antoniodeltorro2448 3 года назад +6

    I’m new to this Podcast I’m 3 episodes in...this might be the most resourceful podcast in the world right now

  • @earlhopkins6241
    @earlhopkins6241 4 года назад +2

    I agree with new car leasing , it is a matter of personal preference for the consumer.

  • @haetienne
    @haetienne 2 года назад +1

    Every single video I watch from y’all I’m like oooooooooh my gawd! Why didn’t nobody tell me this 10 years ago!

  • @fields1336
    @fields1336 5 лет назад +8

    @15:00
    Thats the loop hole ... Dude droped gems 💎

  • @DCODev
    @DCODev 2 года назад +1

    The "circle of 5" remark reminds me of a lesson I learned at 19: Birds of a feather, flock together!

  • @eurekapinkney8069
    @eurekapinkney8069 5 лет назад +7

    This episode was everything, well....all of them are everything. I needed this information! Keep empowering us guys and keep spitting that knowledge. It is much needed! I'm leasing my next car ESPECIALLY since I am a business owner! HA!

  • @brighteyezz1506
    @brighteyezz1506 3 года назад +3

    I walked in a dealership back in Dec 2016 ans was financed at 22.5% DAILY INTEREST. 🤯🤬🤬🤬🤬🤡💩💩🤡🤡🤡💩!!!
    I was furious! I improved my credit, landed $25,000.00 credit card, payed $12,000.00, got the title
    I sold the car for $6000 payed off the balance at 0% interest for one year. I paid the balance off in 6 months.
    Presently I'm debt free about to buy a house.

  • @reece74
    @reece74 3 года назад +1

    Not only does the middle tier wine sells more. It also makes more money for the restaurant because the profit margin is higher. The lower and middle tier wines restaurants can sell for 2.5-3.5 x the costs. The higher priced wine restaurants sell them at 1.5-2.3 x the costs.
    Numbers are rough, but you get the gist.

  • @hharda9791
    @hharda9791 3 года назад +4

    Assets or liabilities always. The less money I spend on a car the more money I can invest, save and spend on my family. I get finance at a credit union then I buy a used car from enterprise. I do not get caught up with a car dealer.

  • @luvleta2759
    @luvleta2759 2 года назад +1

    This was a GREAT interview. Thank you

  • @olgawatson3894
    @olgawatson3894 4 года назад +25

    Though good information was presented about leasing a car, enough or not much information was given about buying a car. The one thing that was mentioned about buying a car vs leasing was a negative one. No benefits to buying a car was mentioned. Furthermore, the presentation was only mostly based on leasing luxury brands; therefore, the title of the presentation was misleading. I also think that the presentation should have taken into account buying reliable cars, and how much longer you can drive a car which was already payed off. I own a 2007 Toyota Camry, which I financed in 2006, I paid it off before the five year term, and it has been on the road for 13 years. I have been driving it for 8 years after I finished paying for it. Now I am seeking to buy another Toyota brand. Personally, though I like the latest technology that are put into cars, the most important aspects in a car, for me, is durability and reliability. I want to get into a car, turn it on, and know that it is going to move, and that if anything thing happens, it is not related to any major damage.

    • @Christian_Charvet
      @Christian_Charvet 3 года назад

      Great point. Unfortunately there is only so much that can be covered in an hour episode. Maybe we need a follow up episode!

    • @ensmeetpodcast
      @ensmeetpodcast 3 года назад +1

      @@Christian_Charvet you should def do another episode on cars, on Leasing vs Financing: Employee vs Business Owner - positive anecdotes from people who've leased or financed that make 40 - 80k vs someone who makes 6 figures, you know.

  • @quiave
    @quiave 4 года назад +3

    Thanks guys I love what you do on your programmes. Keep up the good work

  • @AnnKeish
    @AnnKeish 5 лет назад +43

    by leasing and getting a new car every 3 years, don't you end up paying more money than if you were to just finance a car? you're just going to lease forever?

    • @AmillionRays
      @AmillionRays 5 лет назад +6

      Pretty much!

    • @noel80302able
      @noel80302able 5 лет назад +25

      Tax write off...

    • @reubenbrown6452
      @reubenbrown6452 4 года назад +18

      Lease free you of major repair as the vehicle age. After 6-7yrs it's obselete while Lease keeps you in anew vehicle every 3 yrs

    • @reubenbrown6452
      @reubenbrown6452 4 года назад +6

      @@rolio9775
      My point is that, the car exhaust could need to be replaced, shock absorbers, not to mention major component-s,,as against the value of the vehicle. My opinion, it is economically prudent to lease.

    • @chuckbasher3515
      @chuckbasher3515 4 года назад +7

      They started the convo by saying that the guy manages a Benz store and the two host are obviously high income earners... so im.curious if leases are good for regular folk as well

  • @chrisjordon8224
    @chrisjordon8224 3 года назад +2

    Right on time with the 💎!

    • @Christian_Charvet
      @Christian_Charvet 3 года назад

      Glad we can help. Let me know if you have any questions.

  • @grod805
    @grod805 3 года назад +4

    I don't understand how a lease gives you more freedom. It seems like a pain in the ass to be honest. My mom leased a car and she had to decide whether to keep it or return it right at the three year mark. She didn't want the stress of looking for a new car deal so she kept it and now started all over with another loan. Had she bought it instead she could have found another car whenever she wanted. My friend also put a ton of miles on his lease because his commute changed and he ended up having to pay the dealer back for the extra mileage. Had he owned the car instead that wouldn't be an issue. Who cares if the car has depreciated, its your car, you can sell it later.

    • @kenyathefrugal475
      @kenyathefrugal475 2 года назад

      When you lease a car you simply have to have an exit plan. Keep the car and don't worry about the miles or body issues, sell the car, or lease a new car and negotiate over mileage waiver.

  • @coachunclmrjblake708
    @coachunclmrjblake708 3 года назад +1

    Ppl don’t care what u know until they know how much you care

  • @Andrew-vj7gw
    @Andrew-vj7gw 5 лет назад +6

    Troy, your audio is sounding great. An hour is usually a long time but doesn't feel so watching these podcasts. Super useful insight into the car business and beyond. Thanks, Andrew at GC.

    • @EarnYourLeisure
      @EarnYourLeisure  5 лет назад

      Thank you for listening and we're happy you were able to gain some insight.

  • @kenyathefrugal475
    @kenyathefrugal475 2 года назад +1

    Great episode guys. I am pro lease and pro purchase depending on the numbers and the objective. Period.

  • @OPDNETWORK
    @OPDNETWORK 3 года назад +11

    I refuse payments any more when I turn on my lease I’m buying car cash fuck that

  • @lovelylanibk
    @lovelylanibk 3 года назад +1

    This was sooo helpful especially for a first time car buyer.. THANK YOU GUYZ 💕

    • @Christian_Charvet
      @Christian_Charvet 3 года назад

      Glad it helped. Please feel free to contact me with any questions.

  • @korenezcarter7807
    @korenezcarter7807 4 года назад +2

    This was a whole class

  • @charlieb6083
    @charlieb6083 5 лет назад +2

    Thank you for this video. It definitely changed my perception on sales. 🙏🏽

  • @rootsofchantal389
    @rootsofchantal389 4 года назад +2

    Another great episode!!! 💯🙏🏽❤️

  • @michaelthomas3476
    @michaelthomas3476 3 года назад +1

    I'm in NYC and started another business LLC for my IT instructor business. looking to established business credit. beofre my business, i finance a range rover used...never missed a payment with Westlake financial....when I ready to purchase or lease can I use my on time payment company as a reference?

  • @kingrose1215
    @kingrose1215 3 года назад +22

    If you drive a car for 10 years, it's WAY CHEAPER than leasing.

    • @chuckbasher3515
      @chuckbasher3515 3 года назад +4

      Can you get a decade out of a car

    • @Rivs5117
      @Rivs5117 3 года назад +4

      @@chuckbasher3515 Yes my family and I keep our whips for at least 12 years minimum. The longest has been 15 years.

    • @kingrose1215
      @kingrose1215 3 года назад +2

      @@chuckbasher3515 easily you just need to buy the right car from the right brand. Most toyota/lexus & honda/acura do that in their sleep. Older subarus as well and certain model american trucks and SUV's do really well. It's all about the consumer reports. Do your research look for any major mechanical/electric issues for a car before you buy.
      I used to be so infatuated with sports/luxury cars and owned a few in my 20's. Then I realized just how much of a waste of money that was and how it'd be better invested elsewhere. After I became debt free I couldn't stomach taking on debt for an expensive car again.

    • @larrvernegaines3084
      @larrvernegaines3084 3 года назад +2

      Paid my car off early...had it since 2010...Acura TSX..it's a 2008

    • @Rivs5117
      @Rivs5117 3 года назад +2

      @@larrvernegaines3084 Same here. Got me a 2008 Pontiac G6 GT.

  • @dellhunter132
    @dellhunter132 2 года назад

    Why y’all take this off apple podcast’s? I wanted to listen to it at work.

  • @shanenolan85
    @shanenolan85 5 лет назад +8

    Leasing @ 9 minute mark 💯🏁

  • @rashiidalmahdi3830
    @rashiidalmahdi3830 4 года назад +4

    Finance car have the option for Gap to insurance. Anyone can write your car taxes off. State taxes and registration and gas and repairs. People get your business register. Get registered your business is all benefits. Never put money down for a car. Worthless move. I own three luxury cars. Educate self about owning business and register your business. Owning is assets buy your home and car. Ownership is the way to go. Brother's your young tell the people to own the property it's capital.

    • @lasoul680
      @lasoul680 4 года назад

      If you have bad credit would you need to put money down

    • @Christian_Charvet
      @Christian_Charvet 3 года назад +2

      Respectfully, I have to disagree with you. A car is not an asset. Unless it is generating money, it is a depreciating liability.

  • @luvleta2759
    @luvleta2759 2 года назад +1

    How do I contact your guest? I can't find him on IG

  • @De5andre
    @De5andre 2 года назад +1

    what business do you have to own in order to get tax benefits on a leased vehicle?

    • @Christian_Charvet
      @Christian_Charvet 2 года назад

      Most business' allow for tax benefits for vehicles as long as they are being used while "conducting business". I would recommend consulting with your accountant to get more information.

  • @triad6425
    @triad6425 4 года назад +30

    Cars steal your wealth. Ideal you should get a 3 yr old camry and drive that thing into the ground while you save and invest.

  • @IndiGeaux
    @IndiGeaux 3 года назад +2

    What about buying and owning a Tesla? It barely goes down in value after years of owning it. Little upkeep, no maintenance, no gas, tax credit, you can rent it out a few days a month through Turo and it pays for itself and puts money in your pocket.

  • @chuckbasher3515
    @chuckbasher3515 4 года назад +1

    My first time watching a whole episode I enjoyed it Shalom to yall brothers

  • @chuckbasher3515
    @chuckbasher3515 4 года назад +4

    But is leasing a good solution for regular folks... the guy manages a Benz store with high end clientele you guys are both high income earners... is leasing practical for people with more modest means tho?

    • @Christian_Charvet
      @Christian_Charvet 3 года назад

      Great question. There is not blanket answer to the question which is better, leasing, financing or paying cash. It is all based on your needs.

  • @foreverjones3626
    @foreverjones3626 3 года назад +4

    That lease end fee is a switching moat! We learned that from @Wall_Street_Trapper 💪🏾💪🏾💪🏾💪🏾

  • @Roccatansky
    @Roccatansky 5 лет назад +4

    So glad this came out..Me and my wife were just talking about this earlier today. Trying to figure out if we should lease her a car and keep the other that I bought...

    • @EarnYourLeisure
      @EarnYourLeisure  5 лет назад +2

      Again it's all about your financial goals at least now you have some insight from an expert.

  • @capeverdegrl
    @capeverdegrl 3 года назад +4

    Still relative a year later👏🏽👏🏽👏🏽👏🏽👍🏽👍🏽❤️❤️

  • @kingdotdavid
    @kingdotdavid 2 года назад

    I lease for 3 years then 2 years into my lease I’ll sell the car to Carmax . Then I’ll get money back from the sale then go and lease another one , I even get money back from the warranties I got with the car but you have to go back to the dealership for that to find out what’s left on the warranty. Then I write ✍🏾 off 😎

    • @kingdotdavid
      @kingdotdavid 2 года назад

      Right now is the time to do it because the price of Cars are up

    • @john8x752
      @john8x752 Год назад

      Car Max isn't allowed to buy all leases. Ally for sure. But I understand

    • @john8x752
      @john8x752 Год назад

      Preowned vehicles are overpriced since Covid. Demand shortages etc

    • @john8x752
      @john8x752 Год назад

      All depends if the preowned is priced right c9ncerning the depreciation

  • @girl2h4u
    @girl2h4u 3 года назад +1

    Getting Amy first car soon, thank you

  • @JamesBond-hs5hq
    @JamesBond-hs5hq 2 года назад +2

    If u own a business leasing is the best

  • @JonathanRodriguez-li9eq
    @JonathanRodriguez-li9eq 3 года назад +1

    U guys are dope keep up
    The great work/content really educational to people like me that didn’t have any guidance.

  • @tdgbdgful
    @tdgbdgful 3 года назад +1

    Good Notes
    Thanks

  • @treytoms874
    @treytoms874 5 лет назад +6

    Yo I loved this episode! Rashad was dropping the relationship tips too. @earnyourleisure when y’all gonna do a pod on relationships?.. the business side of course lol

  • @DESIGNS-vo1mt
    @DESIGNS-vo1mt 3 года назад +1

    The problem is people see cars not as just transportation, but as status symbols. When my wife and I wanna ride around in something nice, we rent something through TURO for a day or two and we're good.

  • @QuinTelevision
    @QuinTelevision 5 лет назад +7

    Good episode. Can’t wait til you guys hit Baltimore or DC for a networking event

  • @reece74
    @reece74 3 года назад +2

    I wish they went more in depth about how to finance a car. Such as getting lending from a dealership as opposed to walking in with a blank check from a credit union or bank.
    Also how to not only shop around for a car, but the best interest rate you can get. A person should always get 2-4 interest rate approvals before getting a car.

  • @chuckbasher3515
    @chuckbasher3515 4 года назад +1

    If you like people and dont mind learning about cars you can do well in the car biz although they do ask you for a lot of hours and your saturdays

    • @Christian_Charvet
      @Christian_Charvet 3 года назад

      This is true. You are definitely going to put in hours. Especially in the first few years.

  • @robinlane7127
    @robinlane7127 3 года назад +1

    Good info!

  • @Davis_Jr
    @Davis_Jr 3 года назад +8

    Not really feeling the advice on this fellas. I feel like leasing cars are for people who just want to look fancy. It’s still a car payment and you don’t own it.
    Most of these cars today are built to last. When you got that car paid off. Continue to make the car payments to yourself and pay cash for the next whip. Any form of car payment is not building wealth!

    • @robocop581
      @robocop581 2 года назад

      When you lease you're paying prime depreciation in the three years driving that car. That cost adds up by the second and third lease. Based on studies, the Average interest rate of a lease is 14.2%

  • @ericpukipayne3800
    @ericpukipayne3800 2 года назад

    46:20 to 1:00:30

  • @canadianmr494
    @canadianmr494 Год назад

    The discussion got focused on how to sell
    I

  • @omarjamal161
    @omarjamal161 3 года назад +1

    Leasing is stupid the only time to do it is when you're making money off of what whatever it is, usually a property where you do business. Even that the better option is to buy or finance if you can.

  • @daveblood00
    @daveblood00 3 года назад

    In 2017 I bought a 2014 Lexus ES350 Certified. Dope ride w 17k miles. Two yrs later broadsided by. A landscaper. He lied abt running light. Case still open. Car paid off by insurance. My credit score dropped by a mfer cuz my daughter's parent loans kicked in. Have other sht going on too. Couldn't get another one. I drive a 2010 CTS w 60k miles now. Man did I like that Lexus.

  • @metrocard3758
    @metrocard3758 3 года назад +2

    Just reminder this was before COVID

    • @john8x752
      @john8x752 Год назад

      I Totally see where you're coming from. The game has changed.

  • @KNO210
    @KNO210 4 года назад

    Financed vehicles can get Gap Insurance as well at least in Texas

    • @Christian_Charvet
      @Christian_Charvet 3 года назад

      This is correct. In most state you can purchase GAP insurance.

  • @HOLLA10456
    @HOLLA10456 3 года назад +1

    I currently leased a car for 36/36000 miles, I only drove it for 10k miles. My lease ends in 11 months, what should I do?

    • @grod805
      @grod805 3 года назад

      Exhibit A why leases don't make sense. Are they going to pay you for not driving 26K miles?

    • @HOLLA10456
      @HOLLA10456 3 года назад +1

      @@grod805 thank you so much for your help

    • @Christian_Charvet
      @Christian_Charvet 3 года назад +2

      Well this depends on the make of the vehicle and which bank you are leasing through. SOME banks (emphasis on some) will refund you for unused mileage and SOME will roll over your unused mileage to the your new lease if you stay with the brand. Hope this helps. I would call the company you make your payments to and find out. If they do not offer these options, ask the for a payoff on the car. Due to the demand on used cars due to the pandemic, you may have some equity in your car.

    • @HOLLA10456
      @HOLLA10456 3 года назад +1

      @@Christian_Charvet thank you

    • @mimileon23
      @mimileon23 3 года назад

      @@Christian_Charvet can you refer me to a good sales person. In the market to buy a new Mercedes-Benz. I live in the Brooklyn NY area. THANKS 🤗

  • @ZaydenTesfai
    @ZaydenTesfai 3 года назад +4

    Surprised y’all prefer leasing when this a podcast about wealth. Def follow Dave Ramsey advice about cars for regular 9-5 folks

    • @4thekulture616
      @4thekulture616 3 года назад

      Dave Ramsey gives horrible advice

    • @ZaydenTesfai
      @ZaydenTesfai 3 года назад +1

      @@4thekulture616 you will lose in life if you don’t follow him. Grow up and watch him again!

  • @DADDIESTHATLIFT
    @DADDIESTHATLIFT 2 года назад +1

    Good stuff

  • @CapitalG222
    @CapitalG222 3 года назад

    Thanks Kings!!!!

  • @bonniendlo
    @bonniendlo 3 года назад

    Wouldn't writing of the miles be better than the lease write- off?

  • @aneudymarte8764
    @aneudymarte8764 4 года назад +1

    Can you go from finance to lease on a car?

  • @sulaak
    @sulaak 3 года назад +6

    I sold my car for £40,000 transfer the funds into a 4 bed rental investment and then leased a car at £400 per month. I now have a car and a investment

  • @gustavomcmillian7360
    @gustavomcmillian7360 3 года назад +1

    Queens get the money!!!!

  • @abethereal
    @abethereal 3 года назад +1

    Once Christian said he lived in East New York I said to myself " I bet he went to F.K LANE" lol

  • @Yungcrawfish
    @Yungcrawfish 3 года назад +2

    Pay off a reliable car and lease toys if u want. Comments are stupid bc everyone wants to be right. DO WHAT U WANT

  • @ishansiewdath9735
    @ishansiewdath9735 5 лет назад +1

    I'm thinking about leasing cars to rent out

  • @pinklieats2122
    @pinklieats2122 3 года назад +1

    Where does he sell cars?

    • @Christian_Charvet
      @Christian_Charvet 3 года назад

      We recently opened an automotive buying service, Primo Auto Group. You can e-mail me directly at christian@primoautogroup.com.

  • @TooNastyR
    @TooNastyR 5 лет назад +1

    I just found out you guys still post full videos

  • @nadinelindsay3012
    @nadinelindsay3012 3 года назад +1

    Omg let the guest talk..great content.

    • @natemclarke
      @natemclarke 3 года назад

      Maybe he didn’t want to speak much. Just giving his point here and there

  • @timothybooker5168
    @timothybooker5168 3 года назад

    Ok, so does it make sense to lease a brand new car?

    • @Christian_Charvet
      @Christian_Charvet 2 года назад

      Most leases are going to be on new vehicles. It all depends on what your personal needs are. Feel free to message with any questions or concerns.

  • @jamielparker7651
    @jamielparker7651 2 года назад

    Bro in the orange cap said the payments are lower if you lease than buying.

  • @udotolearn7792
    @udotolearn7792 4 года назад +3

    Never ever lease a car. Buy within your means. do not get caught in the lease trap. I know a great many people who leased and too late realized they were in the trap of paying for but not owning. A lease is throwing away your money and puts it in the pockets of the dealer. In the end they have both your money and the car.

    • @olgawatson3894
      @olgawatson3894 4 года назад +1

      Well said.

    • @deshawnwilliams9932
      @deshawnwilliams9932 3 года назад +1

      What about an apartment? The bank owns your money and apartment

    • @ExistNNature
      @ExistNNature 3 года назад

      Absolutely! They're very tricky.

    • @gunzandbutta4750
      @gunzandbutta4750 3 года назад +1

      Not True.. At thee end of your lease you have the option to buy.. But now if you do decide to buy you have to add on the interest rate you qualify for on top of that payment.

  • @4thekulture616
    @4thekulture616 3 года назад

    This was a very informative episode
    Thanks
    #4TheKulture

  • @dewayneanderson8985
    @dewayneanderson8985 3 года назад +2

    The longer you keep a car after the loan is paid off, the more value you get out of the car. If you buy the car you really want it will be like a marriage. You wouldn't ever want to get rid of it.

  • @grod805
    @grod805 3 года назад +1

    Wait a second, so when you return your car, won't the dealer deduct from the value of the car if its damaged? The guy makes it seem like you shouldn't worry about the car being damaged if you lease a car.

    • @Christian_Charvet
      @Christian_Charvet 3 года назад

      Are you referring to the comparison between damage to a vehicle you lease opposed to a vehicle you finance? If so, if the vehicle is repaired then yes, it has less bearing on you if the vehicle leased. Reason being, you are going to return the vehicle so the loss of value to the vehicle due to the repaired damage does not affect you. If you are financing a vehicle that was damaged and repaired will lower the value of your vehicle that you own.

  • @itrustself
    @itrustself 4 года назад

    thanks

  • @jessd324
    @jessd324 3 года назад +3

    Me as a woman I don’t like fast talkers and I don’t like uppity ppl that feel like it’s a chore to give you info that is in any business person I deal with

  • @csjr9
    @csjr9 3 года назад +3

    Bruh, ask the question and let the guest respond. Guest doesn't get to respond to the question until 9 minutes in... smmfh

  • @kennylewis5932
    @kennylewis5932 5 лет назад +2

    I own my company can I deduct my down payment ?