HOW MUCH DOES IT REALLY COST TO OWN AN EXOTIC CAR?
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- Опубликовано: 16 апр 2020
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Exotic cars are expensive, but people become way to fixated on the sticker price. Unless you plan on keeping the car for the rest of your life, that's not the true cost of ownership. In this video I share exactly how much I paid for my Lamborghini Huracan, how much I sold it for and go over all of the details on car insurance, maintenance, servicing and running costs, giving you an actual number on how much it really was to own an exotic car! If you're either planning on buying or aspire to one day own a supercar, maybe your just curious, the info in this video should help you out. 
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I should've mentioned it in the video, but I obviously forgot to mention it. I chose not to talk about taxes, interest rates and credit because there are just way too many variables to this kind of stuff. The goal of this video was to focus on the numbers that would be more or less consistent for everyone with a car like this. Again, if you're in a position to purchase a vehicle at this price point, I'm going to assume that you have a decent grasp on what those costs will be. Thanks for watching!
Be careful if you go for an Aston. My dad's boss bought one (he normally leases) and drove it around for a few months but then when he wanted to get out of it, it wouldn't sell. You didn't mention the smaller resale markets for exotics. Obviously it was a slight annoyance for him because he makes $30 million usd a year but if you can't afford to pay the car off fully then I'd stay away from the Aston's.
Hi, I am very interested in having a life where I can afford the cars I really love, not so that I can be recognized because of what I have, but to really enjoy them. I am 16 years old and I want to make enough money to get that lifestyle, can you give me an advice?
Where did you get the sparco chair
We miss nothing. I quess theres price is to relevant to uncover actual number so you save for both off us time. :D
DUDE some of the best car content in the game. Seriously these guys are way to weird and your one of the only normal ones. Love your videos.
True, I hate how fake happy these others are, too hiped up for nothing really......this dude is real....I even feel like I can own one myself someday
Stradman gets over hyped but I still like him he’s always positive
damn what we really want is a video on how expensive this exotic chair is
spend too much money on car... no money left to the chair.
I feel like there is very little automotive content/information that is Canada specific. Thanks for filling that void, can't wait to see what you do in the future.
Seriously appreciate the down to earth manner of your videos. You nailed it once again with this one. Super interesting and to be honest it's the first time I've heard someone talk about the ownerships like this on RUclips! Thanks for the insights!
I appreciate you coming out with these videos. Keeping it real and I like that. Keep up the good work, and I was a subscriber before you blow up to one million subscribers!!!
Love your content Josh. Big ups from Oakville!
Love the "down to earth" content you've been putting out! Keep it coming, it's awesome to hear the true experience of owning exotic cars!
Absolutely LOVE your videos man. Totally awesome content that's much needed🙏
Honestly, I can see this channel grow exponentially in the next year.. the content is GOLD. Only watched 3/4 vids so far but, man.. had to sub.
Absolutely amazing videos. Stumbled on this channel one day, and honestly could not stop watching!
Alexander Hwang same ahah
Me as well
Just watched about 6 videos of yours and I'm liking the content. You seem like a chilled out honest guy. I'm hoping that one day I can be in the same position as you!
New subscriber here!
I love this channel man! Great work!
Thanks for sharing this! Being a Canadian I appreciate this info!
Love the setting of the past couple videos
Thank you! That's the video I wanted all along!
My absolute favorite channel keep up the great work 🙌🏻
Great video, learned quite a bit
Great job man! Love this kind of videos, very interesting and rare information! Keep this great work
Also: I think in markets like London, where there are a tone of each car, the spec (High spec, and more important, good, popular and sensible -like colors) is a real important part on the reselling process
Awesome vid loved it!
Great video! I love your content!! I love your honesty
Great Info, Thanks for the video
Thank you for the video dude! Recently found your channel (around a week or two ago) and it’s absolutely fantastic!
found your channel a while ago, I can say this content is underrated and it is very good!! love from quebec
My friends and I always love watching your videos. Keep working hard🇦🇺💪
Thanks for sharing the numbers with us. Love to see more car content.
I really enjoyed watching your videos. I appreciate your knowledge, and honesty.
Cool video thanks for sharing the info
You already know, we back here for the content! Good video
Love ur content keep it up from South Africa 🇿🇦
Hey, I'm from SA too!!
From SA too
Awe
Man.. I am sorry for the 200ping on fortnite ping there....
Awe
Fantastic video. Thank you 🤙🏾
This was great! Thanks!!!
Great video!!!
Good information and thank you for putting USD conversions on the screen
Great video brother.
Informative, thank you
Just came across your page and I’m a fan since you had an Audi R8 I’m here to stay haha subscribed
Great advice !
Very solid info, good to hear from someone in Canada which is more relevant to me.
Great stuff! Be curious what your thoughts are on how the car market will change in Canada after COVID.
That is the best way to own a car!! Drive it for a couple years enjoy and try a different one.
Karrar Al-Bahathly, I agree
Big fan of this channel! :D
Very informative video
It's always nice to see an educated approach to this type of thing. Like many, I was brought up with the "don't finance your toys" mentality, a view that was probably correct for a certain period of time, but that may be a little myopic in the modern world as long as you approach the financing intelligently. That said, I've taken the sometimes painfully patient approach of saving / buying for the most part. It took me ~3 years from the point of being serious to actually buy a 15 year old Gallardo last year. When I did though, I paid well under the market for a gated manual car that had a clean title, but needed just a little love mechanically. I'd done all the research and paid a little extra in the PPI for a compression test to rule out anything potentially catastrophic brewing, then paid about 80% cash for the car, financing a small amount to maintain some liquidity in case something bad went wrong (liquidity within the discretionary budget for cars). I've done all of the work on the car myself to refresh it and plan to enjoy it for quite a few years and lose essentially no money because of the rarity of the transmission option. (It's stereotypically bright yellow *giallo halys*). That said, I'm also that case you describe being a keeper of things, so it probably makes more sense for me to buy something vs. if I were planning to move on in just a year or two. Pardon the epic comment, great video, keep it up!
great video!
This might be the informative and genuinely interesting and fun to watch car RUclips channels I love with you out clip it’s in of accelerating etc
Thank you so much for sharing your experience. You have a really nice car collection. May I ask if you would suggest lease or finance on an exotic car?
Keep up the amazing content!!!!
you gota give us some track day videos in the summer
You know you’re absolutely right, I like how you think about this whole topic and that you should meet my father to explain this to him.😂
But other than that i mean you’re truly full of valuable and logical information, I appreciate your honesty and transparency and god bless you.🙏🏽
Great video, thanks!!!
Nice. I’m in London Ontario and nice to have Canadian content. !!!
Hey man. Great content. In general, What do you think the used ones with warranty? Will that be a better buy dollar wise? In am from Toronto 🍻
I appreciate this vid since the huracan is my dream and will own one day
Great video! Did you buy them outright with cash or did you finance it for the 2 year period you owned it?
Okay now I'm sure quite a few of us would like to know what you do for a living what line of work? Love the videos also keep up the good work and given us the knowledge stay safe you and the family
ruclips.net/video/J_mB72QOgnk/видео.html
Nice mate
Josh, thanks for the video. However, you forgot to consider sales tax. If you consider our 13% HST, that would have brought your initial purchase price to $356k. After getting back $269k upon sale, your monthly running cost is actually about $3,600 per month. On another note, if the liberal's 10% luxury tax on cars, boats and planes eventually goes into play, the theoretical monthly cost of the same transaction would have been about $5,100 per month ($122k of total loss). Cheers.
I traded my Nissan GTR towards the Huracan which made for a significant tax break. There are a few variables to taxes and how much of those taxes you may or may not be able to write-off. It also varies from province to province and country to country. I'm by no means a tax expert, and I figured it was far too complicated to try to explain and breakdown all of that in a video that wasn't an hour long. Again, if you're in a position where you think you can afford something like this, you should have an idea of what those costs could be.
@@carproblems8547 Yea I agree. Just wanted to make a point that you made it sound almost too good to be true. I also have one of those quick depreciating C63s that you made fun of, which I traded a GTI for :p
Very cool videos
Maybe I missed it, but how much did that wicked wrap cost? Great down to earth video, with much needed Canadian content! Are we seeing the beginnings of a Canadian Shmee150?
Let's just say it wasn't cheap, but it was extremely well done. I'm good friends with the people that own the wrap shop, and I'd rather not put out prices that they've quoted me on a job like this. What I will say is that a well executed wrap isn't cheap.
Far as i'm concerned alls I learned from this video is, you don't have money, when you have a garage full of expensive exotic cars. YOU HAVE MONEY WHEN YOU'VE GOT A GODDAMN PLATFORM TO STACK MORE ON TOP OF EACH OTHER!!!!!! FUCKIN LOVE THIS GUY LOL!!! KEEP KILLING IT MAN!
I liked it more when you talked in the GTR instead of sitting in ur garage, either way a good video man. Keep it up
I agree. The whole lock down situation doesn't exactly allow for that at the moment though. Also, driving and trying to remember numbers probably wouldn't have gone so well for me lol
Yo josh does the huracan come with ACC?
15:05 I currently own a M4 Comp, and you are 100% spot on with the depreciation, but I feel as if you have to take into account the mileage that you put on the vehicle. Yes the M4 depreciates just as heavily as the huracan but I get to put 40,000 miles on it.
Basically If you don't mind me asking, how much mileage did you put on the huracan? Just wondering. Love the content btw! Keep up the work.
You're 100% right on mileage, although even with low mileage, that type of car still depreciates a lot. Something like a Huracan is not a daily driver. I would also expect that if you're buying a car like this, it isn't going to be your only vehicle. By the time I sold it, it was very close to being the highest mileage one for sale, but was nowhere near 40k miles.
Car Problems thank you for clearing that up!
I really wish I could see you colab with dde !
Hey Josh. Once this is all over, can we have a review/tour of the alfa romeo?
Absolutely! I was planning on doing that this week, but it has snowed for the last 5 days... The weather was really nice and then decided to go back to winter.
Yeah man I feel you. I just buy all my super cars with cold hard cash. Then I give them away when I’m done with them. It’s a every other day thing for me
In Belgium, it’s the taxes and insurance that makes owning a high end performance car very expensive... and then, the tyres as at least a set per year will be needed if you want to use it - closer to two, if you need winter tyres - and that was a minimum. For me, it was a daily driver, so... tyres were a big part of the expenses... (for about 20.000km/year)
Yellow is a great color... it was the official color for Belgium, back in the day when in competition each country had its color
hey now that you drove the AMG GTR would you ever consider getting the GTR Pro? and also if you have driven a GT3 RS or the M4 GTS, could you shed a little insight on how you feel those cars drive. im a physics modder for driving simulations. and i can get all the factory data correct with the PDF files that some manufacturers will allow to be released but some ive just done my best at what i think it would drive like. i owned a valet company in grosse pointe for 6 years. co owned i should say. and i got alot of chances to drive super cars after building relationships with these clients, since we did privet partys only. dreessed in a suit and tie ect,... and they all knew i was a mechanic for a litle over 6 years. so when they said test my car out. i treated them with respect. a few cars i got to try was the Ferrari FF&458 , 911 turbo s./ 2010 era GT3 RS. viper ACR and a Falcon F7 to name a few. those were the big hitters, M series cars and most AMG models short of yours were like uiltra sports cars or low end super car. but personally i consider the GTR a super car. but of the cars you owned im just wondering like what where your favorites and why? how did it handle? was it balanced? was it just sheer acceleration that gets your hear going ect.. sry for the long one. if its too much ill try again maybe with a more concise and direct question on a future video. ty for the content.
Hi mate sorry if I didn’t catch u saying it but how much did it cost to wrap your lambo in black
Hey man what part of Canada are you in ?
It would be awesome if you could find out more (maybe even make a video) about why the AMG GTR has more expensive insurance than the Huracan
excellent
HI Thx for this nice video, is it possible to know how did you make the deal with the dealer from 333K to 315K, that's a huge deal that you got at that time. (Salesman) they always tell people there's no deal on exotic car, even on my Porsche. I really want to hear your story about purchasing the car and try to deal a good price on it. thx
But Hey thanks for the advice 💯💯😂i do want a GTR tho👀
He is literally sitting next to my dream car the green one which I'm pretty sure is a AMG GTR and that awesome green.
Could you do a thoughts on leasing vs buy video? I was looking at getting a mclaren. It snows almost half the year where I am similarly to Canada and I also only keep cars for 2-3 years. I work full time and travel quite a bit so the mileage restriction wasn’t going to be an issue. It’s less money down and all the maintenance is taken care of for the lease term so Ive been considering it. But being mid 20s I might be overlooking something
Miles Devaull depreciation might get you.
I'm in the same boat as you! i'm actually looking to get into a 570s or a huracan but so far all the depreciation values quoted to me were so low causing the lease payments to be very high
@@karimnona1 I'm in a similar situation myself. I'm looking to buy a 2005 Hyundai Getz but I'm not sure how much it's going to depreciate.
@@stevencox78 how much does it costs to own a huracan in a yr?
Love the content a lot less flashy and in your face than lots of other channels. But what do you do for a job at 23 to afford a lambo 😂 im 24 and im no where near
I used to watch your cleat reviews on boots I wish I had the money to buy. Now Im watching your car reviews on cars I wish I could buy...
can I used this tips to buy a lambo here australia ? Australia charge a lot tax for new car. used car is the way to go , but is steel expense. thanks
Lamborghini Huracan is really reliable from what I’ve seen. Royalty exotic’s Huracan has 200k+ miles on it and it’s still running like new.
Your depreciation on the Huracan is what I paid for my '13 C63 sedan with 42K miles in great condition plus tax. The gas mileage hurts a bit but I expected it. I pray there are no mechanical issues until at least 100k miles. It had 2 owners when I got it and just out of warranty. Can't get one on an AMG and it would be too expensive anyway. No issues so far and I didn't get it as a track car.....less expensive ways to go faster. Loving it on the freeway/open roads.
Isn't it crazy on the AMG.....$90k US in depreciation first 2400 miles. You won't lose much on the C7 ZR1 if you replace it with that. May go up after a while. Still think you should keep the Huracan if the next one is turbo. It'll hold its value too. Look at the 458 Speciale.
Do you recommend leasing a lambo? Or pay full price?
Sup bro, what’s a good 100k car to buy right now?
Nice
10:40 every time I drive my c8 it’s in track mode
It's funny because here in the UK, if you were to want to drive an exotic car. It actually works out cheaper to buy it and sell it after a year-18 months because as you said the monthly cost is not that much. Renting an exotic car for a month would cost more than this.
Wondering if you swap out girlfriends like your cars? 🤔
Great content by the way, did you finance your 2016 Lamborghini or buy all cash?
how much did the wrap cost?
$224k for brand new sound awesome compared to huracan prices now. The 2015 models are pretty much selling for that now.
Everybody always thinks people pay cash for exotic cars when that’s rarely if ever the case.
How many Km did you have on it when you sold it ?
i miss your videos bro
Insurance cost depends often on the amount of the cars which are driving on the roads. For example, there are a lot of VW Golfs out there driving around and causing crashes, but Lamborgihnis are obviously rarer, so these types of cars aren’t as often involved in accidents as normal cars. So the insurance company pays god knows maybe 150k per year for all the insured Lamborgihnis and probably 600k a year for all VW Golfs.
I know this, because the father of a friend of mine had a Bentley Continental GT and he also said that the insurance was cheaper than for a normal car.
BTW this isn’t exclusive for Canada, I live in Germany and it’s the same thing here.
You must not live near or around Toronto or anything associated with the GTA? I'm in Halton Hills and for my cars I paid I feel half-decent for my Hellcat Viper at my SRT-10 Ram but again I am not Associated or part of the GTA if I were to move to Brampton I'm looking at paying close to $15,000 a year & if it's just for pleasure use you will also pay a lot less
i’m looking into buying at GTR would it be better for me to buy a new one? or since it’s a nissan are repairs fairly cheap and it would be a better option to buy used?
If you were actually “looking into buying a GTR” you would already have the answer to that.
Hi i really enjoyed your video! I'm also a Canadian from Mississauga! I'm looking to owning/leasing a huracan or a 570s for 1 year and was wondering if i follow your advice and purchase a brand new one for 1 year how do you think the value of the cars will hold up?
Both of those cars new, right now, will do a significant amount of depreciation. Just look at examples of 1 year old cars with hardly any mileage that are for sale right now. You could do it, but I would expect to take a huge hit after 1 year. Used would be the way to go for both of those cars in my opinion.
Car Problems thank you so much for taking the time out of your busy day to reply to me! So you would recommend me buying but a used car? I’m more concerned with purchasing a used car the cost for maintenance and stuff would outweigh the money saved, do you have any advice or thoughts on that?
The two cars you're looking at are newer cars, and there are plenty for sale in the used market that are 1-2 years old with very low mileage and still under warranty. Other than an oil change, you should be fine, and if something does break, the car is still under warranty. Do a little research and look at the prices of what's out there, especially the difference in price between new and used for those two models. That price difference is probably the amount of depreciation you can and should expect after 1 year.
Car Problems got it! Thank you so much for your help! My m3 lease is actually ending this summer so i’m starting to look around and get some quotes from dealers!
Car Problems i was also going to suggest a video idea about how covid is/ going to affect the car market in Canada
Music at the end?
9:27 a real Canadian!
What would u like to buy for your next purchase
How many miles were on your Lamborghini when you sold it back to the dealership?