I've never lost money on a car (so far) and there's some awesome stuff here... but as simple as it is... that first point is genuine gold. I think people overlook that... They see the potential payday or potential value, and skip over the aspect of risk vs reward. Wanting to own the car mitigates that stuff significantly. Awesome stuff Vin.
100%. It is NOT easy and certainly not for everyone but it is possible to not lose on (non project, passion or race) cars and have a good time doing it.
Selling cars often and not losing money on sales price is great, but what about the taxes when you reg it? In cali it’s about 10% so on a Raptor that’s probably $8000 right off the bat. That’s why I tend to just hold on to cars that don’t devalue.
@@Type-RS You have to consider it in the price on both sides. If you are saying $8k in tax that is a $80k vehicle, which means there so so much more wiggle room on the price. Likewise on a $5k car, the 500 is easier to finagle.
Vin has quickly become one of my absolute favorite “RUclipsr” (I don’t wish this title on anyone). But the content is super crispy, the uploads are well timed, and Vin makes us all feel like we are the homies😂 Keep it up Vinny!
The amount of time and effort it takes to pull this strategy off is insane. You have to already be obsessed with cars and spend most of your free time happily fixing cars to even consider this. You'd have to be the type of guy that's scrolling market place for a deal while youre at dinner with your girl and while you're laying in bed at night. I love cars but I have way too much other stuff going on to keep my finger on the pulse of the market.
Hi 👋 I'm that kind of guy who treats FB marketplace like a drug 😂 Even as a kid before online marketplaces I'd get excited for the paper-based classified adds 🤦♂️
@@williamholder7174 I had the time back in the day with classifieds and auto trader and then early eBay and craigslist. Wish I still had the time and obsession tbh!
This is great. I’ve actually been following these steps for about 6 years. The other item I’d add is choosing a car that has a following that can help you troubleshoot issues and has a community. Aligns with buying the special version of a model
This is 100% one of the best pieces of advice. I currently have a 2019 Renault Megane RS280. The car is an astounding performance platform even for a FWD, it's a joy to drive. The problem is that there's less than 1,000 RS280 & RS300 in the UK, and because they're 2018 onwards, theres almost no knowledge base for fixing anything. I'm swapping it out for a 2005 Porsche Boxter 987.1, which I know is equally as likely to have problems, but with a plethora of knowledge on sites like youtube and forums, I am far less scared of something going wrong.
My experience on “don’t get attached”: once you sell the car you’ll want another and it will never be the same as the one you fell in love with. Basically chasing the dragon.
This is what I've done for the past 20 years. Riding that depreciation curve for sure, bought a Tacoma 4wd DCSB with 90k miles for 17k, 6 years later it had 170k miles and a couple mods and sold it for 19k. Would love to see more episodes like this that dive into specifics (finding vehicles, inspecting, closing a deal, cleaning up, modifying, and listing for sale) Keep it up!
Another good rule for the mods especially if they wont add value or you like to change things up often. Is to buy the mods used. Good brand aftermarket parts usually sell for about 60-70% used and if they condition stays the same you can sell them again when you are done with the car for the same price or sometimes more. Works very well when you live in bigger cities. Lots of people around with the same car to buy and sell with.
Hearing you don't come from money made me sub honestly. I'm a guy who comes from literally nothing and I just want some of my dream cars to make me happy, seeing all these 20 year olds in supercars with their scam sales or courses has me feeling a bit behind in life. LOL.
You’re so delightful to watch and listen to. Quality content and an excellent perspective. One of the few youtubers I watch religiously. Your brother sounds like an awesome dude too
I feel you. The title and thumbnail made it seem like he was gonna show us some loophole to where he never had to pay for his vehicle. (Like the tax loophole on heavy vehicles) The best "tip" he gave us, was to not mile them out. Older cars with lower miles, often sell for more than newer models with higher miles.
@banksta3 are you really so ignorant that you think there is a legitimate cheat code to life? Smart choices are the only way to make money in this world if you dont have a rich dad.
Yep, agreed. Only way to not spend a dollar is if you flip enough to make a profit, which is what he said he does NOT do in the very beginning. Title should have been- How to not LOSE a dollar on your daily driver
8 minutes in and I’ve learned….buy good cars and buy cars I like?? Can’t wait to be blown away by the rest of these amazing tips stretched out over 30min
I think you hit the key points! I clicked on your vid because of the Gen 1 Raptor which I also daily drive. The difference for me is that I do in fact plan to keep it a long time since it's so reliable and easy to live with. I''ll lose money with miles and time, but it's a pinnacle vehicle to have around! Good vid man.
when you said buy specialty cars my eyes lit up, i got a 2020 brz ts not to long ago and honestly cant be happier that i have a 1-300 car produced that year. like you said, new suspension, tires, wheels, brakes, different color, interior, little sti bits everywhere and most people dont even realize its ts but for the ones that do they want it
I agree wholeheartedly with these and appreciate the rawness and honesty so many people skip! Buying cars is a maze you weave through and staying ahead of the curve is huge. Like a WRX, you could do a base model but the value won’t hold like the higher STI, but if you can’t hold too long or then you’re the one losing. Last tip I’d add on there, don’t spend what you don’t have! Cars are great, being in debt because of a car is not. Stay in your range and play it smart as you can slowly upgrade. Taking out a massive loan to buy a new mustang, bad idea.
Shitbox life for me, less to spend, less to lose and won't ever run out of things to do. Also the cheapest GT3RS (2016) for sale in Finland is 340 000€, the cheapest Ferrari 360 is 90 000€, just for a fun reference.
"unplug the horn" duh obviously, this is COMPLETELY logical and VERY rational, thank you ferrari Specialty models is such a good shout. Those will always be worth money and there will always be a dedicated audience and a following for them. I inherited a base Golf TSI and you can't imagine how hard it's been to get rid of, GTis are now worth the same money here but I reckon that'd have been gone yesterday. That, I'm GLAD was mentioned. I am tempted by the specs though, I think unless you truly commit to wanting the experience but going to be rid of it at some point it is tough when I don't feel cool, yknow? The MC20 though! Interested to see a themed video on it!
I'm sure I'm not the only one who asked for a video like this, but I commented asking for exactly this topic on your 3rd (I think?) video, and now I've got 28 minutes to look forward to. You're a legend.
It's a time honored formula Mechanical knowledge X close proximity to an affluent area = sweet rides I.E. there's a lot of totalled BMWs with low miles in the long island area, or near me in the DMV lots of retired fleet cars with LS engines 😊😊
Haha wow I feel so related to this. I'm doing the same actually. Bought my JDM Forester STI for 10k and drove it 100k kilometers in 4,5 years and sold it for 17k. I made it look cooler, got a respray etc and just maintained it really good. Now bought a BMW E39 540 which looks way cooler and spent all the bucks to have it maintained and probably flip it for more.
Spot on Vin! I've been replicating a similar model to what you are describing over the past 15 years and have gone from my very first Porsche (1986 944) and worked my way up to a GT3, 718 spyder, and a few other amazing cars. I would also suggest that picking your favorite brand and sticking with it helps tremendously. You end up learning the nuances of what people are looking for (rare spec etc) and are able to track the markets easier. It helps you understand a great deal when you see one and move on it before others find out about it.
Wait idk if I missed something but how exactly do you move "up"? Might've missed something in the video, but as far as I can tell, he told us how to not lose money on cars, not actually on how to move upwards. Do you buy said cars, and then try and sell them for a _profit_ after a couple k miles? Or are you just breaking even with what you paid for it, except now it's slightly higher mileage, and you had the experience of driving it around and living with it?
@@_ph4nt0mzz_47 My ethos in buying cars matches what Vin is saying in his video. I just ended up getting lucky and bought the right cars at the right time and inevitably all went up in value during my ownership. It was a nice extra of following what Vin's method was.
My biggest challenge with this is tax/title/DMV fees. At least in NY, if you want to "legally" tag your car, you will always have to write off DMV fees at the end
Yep, I was going through cool cars like Vin for many years. I was always working deals to keep going "up" into better cars. Mustang GT to a 2003 Cobra, 2003 Cobra to a 2000 Cobra R, Cobra R to a DeTomaso Pantera, Pantera to a SuperFormance 427 Cobra. But, more than once the damn tax/reg/DMV stuff put a dent into my build up.
@@lancerutherford3933where I live if you do that you’ll receive a letter saying “this price is outside of the standard sale range, please certify you actually paid this price,” and you sign and return the paperwork the price is correct. Do they follow up after that? I dunno, but they have you sign paper that might make you liable if they decide to prosecute.
Awesome video, one thing I've learned about depreciation though is there is a tipping point for special edition low production cars. In my experience ten years old is when they hit rock bottom, but then rarity and nostalgia will have them climbing shortly after.
Ive been through 8 or 9 different cars over the last 3 years. Each one was the scenario of I would sell the car and buy another one within the same week. While it has been very stressful at times, it has also been the most fun! Ive gone from JDM, to Domestic, and now I am officially in my first Euro car which is a B8 Audi S4 and I love it! I just make sure I don't over spend or get to deep into the vehicles purchase cost so I can actually afford it and the repairs if it needs any. Has worked out for me so far and its been a great experience over all!
This is right up my alley. I've had several Porsches, MBs, BMWs and motorcycles and I live in Los Angeles and still support a family on one income. I'm not close to being wealthy but never had a car payment over $400/mo. It's definitely possible guys.
Them boys are right, the deeper you go with that Ferrari the cooler that light gold color is gonna look. Also, thanks for this, I think this is basically what people were asking for.
The VWR32 is an Audi R model in hatchback. It says Audi on almost all the parts, I love that car, I also love they called it an R32 like a gtr and put it out in gtr blue, it’s also a 6cylinder awd car that crushed many cars costing much more, plus that na v6 sounds do much better than the newer golf r’s turbos.
I agree with most of what you said. I am a flipper. Just by design and i buy cars that i know after 5-10k miles I’ll still profit from. I’ll never buy a car out of impulse or without an intention of reselling. As for the mods factor. I usually modify cars that have either significant dealer installed aftermarket value or with parts that are nearly impossible to find. And i always make bank on top of what i buy. But all in all. Good points made -
Interesting to finally see Vin's take on this. For those sceptical, this works. I had been doing this while at university (as well as working) and it allowed me pay off my University up front and I got to mess with and drive a cool daily that I could sell for a profit. A lot easier than flipping houses 😅
I am doing this in the worst place of all. Singapore. It's not easy , but it's really a rewarding experience to change through plenty of cars. 23cars since 2019 and going strong.
I get emotionally and therefor financially attached to every car I’ve bought and still own all that have not been totaled - 6 BMWs and a couple others in the stable - I do drive 4-5 of them one is a project and the other is FOR projects (towing and hauling etc) never bought a car I didn’t wanna own but I’ve sunk more than I’ll ever try to calculate in em
Love this video, a good message for when it comes to owning what you like and spending/saving money to buy what you want from the beginning! Especially the specialty concept, I wish I knew this before I started dumping money on my car. Purchased a Datsun 260Z on impulse, and I keep having a hard time trying to find time and money to work on it.
20:30 Good advise. I was looking for a particular car for years, and 'settled', but I got it for $3.5k (10%) under what I was looking for, and could have turned around and sold it for a profit, but I love it so after 2 years and 11k miles, I am probably going to keep it another year or two.
I ended up inadvertently using your tips on Monday when I picked up a 2005 Volvo S40 T5 AWD with a 6 speed manual for $1,600. It's a car I absolutely was interested in getting, it's rare, it was a good deal despite having a black interior that I thought was boring, and I basically pestered the owner enough that I had the car on a uhaul trailer 24 hrs later. It's a car that I'd be okay with just keeping but with a little TLC I could absolutely sell this thing for $6K since it came with a fat stack of maintenance records, 2 keys, a clean title, and has no significant electrical issues.
I hope you read this Vin. I discovered you through a DDE episode, saw you started your channel and am happy to drop a like in every one of your videos. You're bringing content to a more humane level, being a super nice dude with such a good energy to share. Seems cringy to say this, but we need this theses days. People that are actually people, not a propaganda machine of succes and ostentation. Keep doing what you're doing the way you're doing.Never let your success change you (as I know now researching your background that you're keeping being), 'cause that is the perfect recipe for even more success. I hope one day I can meet you and sit for a talk, you seem to be a really nice person. Much love from Brazil! Keep rockin'!
Thanks man. I appreciate the kind words. I’m just a pretty boring dude that likes cars and making content so im sure this wont change much. Just hopefully get better!
Love the videos, the only thing I think missing in this video is where do you buy and sell your vehicals? Facebook Market Place, craigslist, dealerships?
Absolutely great advice and you have had some sick cars!! Just came across pics I took at SEMA a couple of years ago of your ole NSX. What a sweet ride that was! Great job!
I'm sitting on a lifted ram shorty i thought would flip big profit, can't find a buyer for a select market truck.. atleast i like to drive it.. vin speaks the truth here. 🙌
I cannot lie I unintentionally followed this method with my 91 Mazda Miata. Got it for a great deal, replaced the custom exhaust with a stock one, began converting it to oem plus, and actually made a profit off the car when my time was done with it. After selling the MST wheels and KBD body kit I was actually positive about 1.5k on the car.
Love it! I do swedish cars. Right now ive got a long term Volvo C30 t5 v2.0(pre R-Design, less than 2000 sold in the u.s.), but I just cruised through a manual Saab 9000 2.3t, and I'll probably snag a 9-3 Viggen next. Great points on this video, you cant be attached to these things. Its just metal and plastic. Enjoy it and move on. Also I previous had a 360 for a work car back in 2010 when I lived in Vegas. Let me tell you just how fun changing the water pump is on that car hahahaha!! I miss that thing though.
I’ve had over 60 cars and follow a similar strategy. Only lost money on one car. The goal is to own the car from 6-12 months and break even. It’s enough time to get it out of my system and I can own a car long enough to appreciate it. I always have at least 2 cars in case a good deal comes by or a persistent buyer wants one. Following these rules give you leverage and most importantly, never be afraid to walk away from a deal. If it doesn’t make sense then don’t force it. Don’t get too passionate about the purchase unless you are planning on keeping the car for the long haul.
The colour has grown on me so much if I were in your shoes Vin, I’d be tempted to keep it! It’s your car though 🥳Keep up the content bro.. love from the uk!
I didn’t think anyone else like me existed! I’ve owned over 16 high end cars 🚘 n the last 3 years alone. It drives my wife nuts! 😂 This market right now is about to get rough though. Gonna hold out for big price drops… cool video.
Some really valuable lessons here. Planning on selling my IS350 daily drive (drove it for too long, so it's depreciated). Planning on buying an SS Wagon (with the L98 V8) here in Aus. Stay in it for a short time so you don't lose your arse on it. With that said, they don't make SS Commodores anymore, so I mightn't lose much cash on it when the time comes to sell.
You are putting out great videos. Keep the style and the feel you are using. I like seeing the Hoonigans sometimes also. I also like the music. Great stuff.
is that a white mk1 cabriolet in the back of the shop… Damn, that brings back so many memories. Been such a long time since i’ve had a vehicle i’ve actually wanted to work on. Literally my only video i’ve posted to youtube was the first time I started my MK1 full rebuild.
I like me some DDE in the morning to wake me up and some Vin in the afternoon to chill out. Loving the new content. Two different perspectives in the same car space.
Another great video and some very interesting way to think about cars and how to get into different rides. Now that you are at higher level of cars that you're buying, selling, and driving have nice older/mid range cars lost the appeal or do you still like getting into a nice GTI or Honda etc and taking them for a drive?
#1 hurt me -.- i bought a r34 coupe from japan went to ez then got a rare k truck and then was like lets buy something to flip..... bought rarest s15 vert manual 1 of 1100 hated how slow it was but thought good investment -.- ended up not wanting to wait and didn't wanna get stuck with it sold cheaply to lucky guy broke even or lost money depending on u.s dollar..... DONT BUY JUST TO FLIP -.- Keep up the content!
I've flipped some cars in the last few years... well I got attached to a VW Beetle with a 2.0 Turbo. Sold all the cars and kept this one. Now I only focus on my main job lmao. Everything u said I agree 100%!
I really enjoy your channel so far. Glad you decided to go this route and just came out the gate swinging on quality - top notch so far. Hit me up when you want someone to do fulfillment for your merch line 🤘🏻 I have a DC.
I've never lost money on a car (so far) and there's some awesome stuff here... but as simple as it is... that first point is genuine gold. I think people overlook that... They see the potential payday or potential value, and skip over the aspect of risk vs reward. Wanting to own the car mitigates that stuff significantly. Awesome stuff Vin.
100%. It is NOT easy and certainly not for everyone but it is possible to not lose on (non project, passion or race) cars and have a good time doing it.
You'll never lose money if you never sell your cars 😅 it's like diamond hands with stocks
Selling cars often and not losing money on sales price is great, but what about the taxes when you reg it? In cali it’s about 10% so on a Raptor that’s probably $8000 right off the bat. That’s why I tend to just hold on to cars that don’t devalue.
@@Type-RS This can’t be overstated. Purchase and sale aren’t the only costs to consider. You could do a Montana LLC though I guess
@@Type-RS You have to consider it in the price on both sides. If you are saying $8k in tax that is a $80k vehicle, which means there so so much more wiggle room on the price. Likewise on a $5k car, the 500 is easier to finagle.
Vin has quickly become one of my absolute favorite “RUclipsr” (I don’t wish this title on anyone). But the content is super crispy, the uploads are well timed, and Vin makes us all feel like we are the homies😂
Keep it up Vinny!
facts
100%
The amount of time and effort it takes to pull this strategy off is insane. You have to already be obsessed with cars and spend most of your free time happily fixing cars to even consider this. You'd have to be the type of guy that's scrolling market place for a deal while youre at dinner with your girl and while you're laying in bed at night. I love cars but I have way too much other stuff going on to keep my finger on the pulse of the market.
Oh totally. It’s a huge pain. But isn’t everything?
Hi 👋 I'm that kind of guy who treats FB marketplace like a drug 😂
Even as a kid before online marketplaces I'd get excited for the paper-based classified adds 🤦♂️
@@vin_tra ha! Truth!
@@williamholder7174 I had the time back in the day with classifieds and auto trader and then early eBay and craigslist. Wish I still had the time and obsession tbh!
@@williamholder7174
Me too! I was obsessed with Auto Trader and Classifieds growing up and now I’m a Marketplace addict 😂
These videos make me feel like I'm having a deep financial conversation with my older brother about how I'm going to become successful
This is great. I’ve actually been following these steps for about 6 years. The other item I’d add is choosing a car that has a following that can help you troubleshoot issues and has a community. Aligns with buying the special version of a model
This is 100% one of the best pieces of advice.
I currently have a 2019 Renault Megane RS280. The car is an astounding performance platform even for a FWD, it's a joy to drive.
The problem is that there's less than 1,000 RS280 & RS300 in the UK, and because they're 2018 onwards, theres almost no knowledge base for fixing anything.
I'm swapping it out for a 2005 Porsche Boxter 987.1, which I know is equally as likely to have problems, but with a plethora of knowledge on sites like youtube and forums, I am far less scared of something going wrong.
My experience on “don’t get attached”: once you sell the car you’ll want another and it will never be the same as the one you fell in love with. Basically chasing the dragon.
I just spent 30seconds trying to remove a smudge from my laptop..... FFs it was the Maserati logo on the drivers window.🤣
Oh god dammit I of course see this after doing the same lol
Me too, haha! Now its all messed up with frantic fingerprints
Trolled by the Trident! 😂😂😂 I also thought that for a second but i noticed it right away.
haaaaa i didnt even notice that
but also my screen is forever disgusting
This is what I've done for the past 20 years. Riding that depreciation curve for sure, bought a Tacoma 4wd DCSB with 90k miles for 17k, 6 years later it had 170k miles and a couple mods and sold it for 19k.
Would love to see more episodes like this that dive into specifics (finding vehicles, inspecting, closing a deal, cleaning up, modifying, and listing for sale)
Keep it up!
Another good rule for the mods especially if they wont add value or you like to change things up often. Is to buy the mods used. Good brand aftermarket parts usually sell for about 60-70% used and if they condition stays the same you can sell them again when you are done with the car for the same price or sometimes more. Works very well when you live in bigger cities. Lots of people around with the same car to buy and sell with.
Bless up whoever is making your tracks. Not gonna sample snitch, but I keep hearing a lot of classic breaks.
Brock?
I was about to say the same thing. One of the only car content channels that's not a buncha free trap beats 👍
@@shaunfleming8774 mmmabye?
@@spen1ghe yo, the premade beats are a plague. I get why people use them, but it ruins what is otherwise good content sometimes.
Episode 2 of “if ADHD was a video” 😂
Took the guy 28+ minutes to give approximately 5 mins worth of advice 😂😂
Hearing you don't come from money made me sub honestly. I'm a guy who comes from literally nothing and I just want some of my dream cars to make me happy, seeing all these 20 year olds in supercars with their scam sales or courses has me feeling a bit behind in life. LOL.
You’re so delightful to watch and listen to. Quality content and an excellent perspective. One of the few youtubers I watch religiously. Your brother sounds like an awesome dude too
*Certified Yapper*
7mins (1/3rd of the way) into this video and all I have learned is….he buys cars.
If you got 7 min in and learned nothing you’re the problem
Bro did you even listen for the first 7 minutes??
I feel you. The title and thumbnail made it seem like he was gonna show us some loophole to where he never had to pay for his vehicle. (Like the tax loophole on heavy vehicles)
The best "tip" he gave us, was to not mile them out. Older cars with lower miles, often sell for more than newer models with higher miles.
@banksta3 are you really so ignorant that you think there is a legitimate cheat code to life? Smart choices are the only way to make money in this world if you dont have a rich dad.
Yep, agreed. Only way to not spend a dollar is if you flip enough to make a profit, which is what he said he does NOT do in the very beginning. Title should have been- How to not LOSE a dollar on your daily driver
8 minutes in and I’ve learned….buy good cars and buy cars I like?? Can’t wait to be blown away by the rest of these amazing tips stretched out over 30min
I think you hit the key points! I clicked on your vid because of the Gen 1 Raptor which I also daily drive. The difference for me is that I do in fact plan to keep it a long time since it's so reliable and easy to live with. I''ll lose money with miles and time, but it's a pinnacle vehicle to have around! Good vid man.
when you said buy specialty cars my eyes lit up, i got a 2020 brz ts not to long ago and honestly cant be happier that i have a 1-300 car produced that year. like you said, new suspension, tires, wheels, brakes, different color, interior, little sti bits everywhere and most people dont even realize its ts but for the ones that do they want it
I appreciate the maturity of your channel. You are giving a lot of really good life lessons that can save guys money and headache.
Gen 1 Raptor has aways been my favorite 😍
looks so good ! And front end !
Almost hit us with the “Here in my garage..” intro
I agree wholeheartedly with these and appreciate the rawness and honesty so many people skip! Buying cars is a maze you weave through and staying ahead of the curve is huge. Like a WRX, you could do a base model but the value won’t hold like the higher STI, but if you can’t hold too long or then you’re the one losing. Last tip I’d add on there, don’t spend what you don’t have! Cars are great, being in debt because of a car is not. Stay in your range and play it smart as you can slowly upgrade. Taking out a massive loan to buy a new mustang, bad idea.
Shitbox life for me, less to spend, less to lose and won't ever run out of things to do.
Also the cheapest GT3RS (2016) for sale in Finland is 340 000€, the cheapest Ferrari 360 is 90 000€, just for a fun reference.
U kinda can do the same model he described, I think that's how I want to start with.
"unplug the horn" duh obviously, this is COMPLETELY logical and VERY rational, thank you ferrari
Specialty models is such a good shout. Those will always be worth money and there will always be a dedicated audience and a following for them.
I inherited a base Golf TSI and you can't imagine how hard it's been to get rid of, GTis are now worth the same money here but I reckon that'd have been gone yesterday.
That, I'm GLAD was mentioned.
I am tempted by the specs though, I think unless you truly commit to wanting the experience but going to be rid of it at some point it is tough when I don't feel cool, yknow?
The MC20 though! Interested to see a themed video on it!
I'm sure I'm not the only one who asked for a video like this, but I commented asking for exactly this topic on your 3rd (I think?) video, and now I've got 28 minutes to look forward to. You're a legend.
HELLLL YA!
im 11 minutes in and still have no idea what this strat is
I was thinking the same thing
It's a time honored formula
Mechanical knowledge X close proximity to an affluent area = sweet rides
I.E. there's a lot of totalled BMWs with low miles in the long island area, or near me in the DMV lots of retired fleet cars with LS engines 😊😊
Haha wow I feel so related to this. I'm doing the same actually. Bought my JDM Forester STI for 10k and drove it 100k kilometers in 4,5 years and sold it for 17k. I made it look cooler, got a respray etc and just maintained it really good. Now bought a BMW E39 540 which looks way cooler and spent all the bucks to have it maintained and probably flip it for more.
Spot on Vin! I've been replicating a similar model to what you are describing over the past 15 years and have gone from my very first Porsche (1986 944) and worked my way up to a GT3, 718 spyder, and a few other amazing cars. I would also suggest that picking your favorite brand and sticking with it helps tremendously. You end up learning the nuances of what people are looking for (rare spec etc) and are able to track the markets easier. It helps you understand a great deal when you see one and move on it before others find out about it.
Wait idk if I missed something but how exactly do you move "up"? Might've missed something in the video, but as far as I can tell, he told us how to not lose money on cars, not actually on how to move upwards.
Do you buy said cars, and then try and sell them for a _profit_ after a couple k miles? Or are you just breaking even with what you paid for it, except now it's slightly higher mileage, and you had the experience of driving it around and living with it?
@@_ph4nt0mzz_47 My ethos in buying cars matches what Vin is saying in his video. I just ended up getting lucky and bought the right cars at the right time and inevitably all went up in value during my ownership. It was a nice extra of following what Vin's method was.
you and pretty much all the other ex hoonigan guys are saving the youtube carscene, very much appreciated
WELCOME BACK TO ANOTHER EPISODE OF THIS VS THAT
@@vin_traWhen the quiet part about “keeping it close” was said out loud is when I stopped watching entirely.
feels like talking to a cool uncle. thanks Vin, i knew youre a great guy. cheers for more!
Vinny my guy, your production value is going through the roof. Loving the new episodes.
Thanks!
I've been car hacking for many years. Always made money, and enjoyed driving every purchase. Love your videos, keep em' coming.
One of the best videos for car enthusiasts! Keep them coming bro. I have a much better understanding now. Thank you.
My biggest challenge with this is tax/title/DMV fees.
At least in NY, if you want to "legally" tag your car, you will always have to write off DMV fees at the end
Same in CA. it sucks and you have to factor it into the price for sure.
Just buy private and say you got it for like $500 on the bill of sale
Yep, I was going through cool cars like Vin for many years. I was always working deals to keep going "up" into better cars. Mustang GT to a 2003 Cobra, 2003 Cobra to a 2000 Cobra R, Cobra R to a DeTomaso Pantera, Pantera to a SuperFormance 427 Cobra. But, more than once the damn tax/reg/DMV stuff put a dent into my build up.
Yes. No a days that have a minimum value for them as well at the dmv. So you can’t just say you got it for 500$
@@lancerutherford3933where I live if you do that you’ll receive a letter saying “this price is outside of the standard sale range, please certify you actually paid this price,” and you sign and return the paperwork the price is correct. Do they follow up after that? I dunno, but they have you sign paper that might make you liable if they decide to prosecute.
I stumbled onto your channel, but it is quickly becoming one of my favorites. Awesome content. Keep crushing it!
Yo, Vin! Gotta tell ya, I like your music selections. Keep it up, chief!
Thanks, sport
Used car lot mentality versus being an auto enthusiast. U live and learn. Preach it up Vin!!
Awesome video, one thing I've learned about depreciation though is there is a tipping point for special edition low production cars. In my experience ten years old is when they hit rock bottom, but then rarity and nostalgia will have them climbing shortly after.
Yes this is 100% true
You earned a subscriber with the amount of truth in this vid. Thanks for not labeling it a raptor video, it would have never showed up in my feed!
I love the channel, the editing and cut scenes are *just* on the good side of being too corny and RUclipsr style. I hope you keep it how it is.
the family mart socks lmao
Ive been through 8 or 9 different cars over the last 3 years. Each one was the scenario of I would sell the car and buy another one within the same week. While it has been very stressful at times, it has also been the most fun! Ive gone from JDM, to Domestic, and now I am officially in my first Euro car which is a B8 Audi S4 and I love it! I just make sure I don't over spend or get to deep into the vehicles purchase cost so I can actually afford it and the repairs if it needs any. Has worked out for me so far and its been a great experience over all!
This is the move!
This is right up my alley. I've had several Porsches, MBs, BMWs and motorcycles and I live in Los Angeles and still support a family on one income. I'm not close to being wealthy but never had a car payment over $400/mo. It's definitely possible guys.
Those Maserati MC20's are sweet. We had the pleasure of having one in our shop for a radar system for a couple weeks.
Them boys are right, the deeper you go with that Ferrari the cooler that light gold color is gonna look. Also, thanks for this, I think this is basically what people were asking for.
The VWR32 is an Audi R model in hatchback. It says Audi on almost all the parts, I love that car, I also love they called it an R32 like a gtr and put it out in gtr blue, it’s also a 6cylinder awd car that crushed many cars costing much more, plus that na v6 sounds do much better than the newer golf r’s turbos.
I agree with most of what you said. I am a flipper. Just by design and i buy cars that i know after 5-10k miles I’ll still profit from. I’ll never buy a car out of impulse or without an intention of reselling. As for the mods factor. I usually modify cars that have either significant dealer installed aftermarket value or with parts that are nearly impossible to find. And i always make bank on top of what i buy.
But all in all. Good points made -
Interesting to finally see Vin's take on this. For those sceptical, this works. I had been doing this while at university (as well as working) and it allowed me pay off my University up front and I got to mess with and drive a cool daily that I could sell for a profit.
A lot easier than flipping houses 😅
It’s been super cool to see all of the previous hoonigan’s continue their RUclips journey! Keep kickin dope content vin!!!
This is one of the best videos I have watched for information. Long time fan.
This is great information and well articulated. Good Stuff man.
I am doing this in the worst place of all. Singapore. It's not easy , but it's really a rewarding experience to change through plenty of cars. 23cars since 2019 and going strong.
This is the best content on RUclips right now. Behind Zach. And suppy. And the rest of the gang
This video kept me engaged with the adhd styling. Keep it up, some of us need this content or we click out
I get emotionally and therefor financially attached to every car I’ve bought and still own all that have not been totaled - 6 BMWs and a couple others in the stable - I do drive 4-5 of them one is a project and the other is FOR projects (towing and hauling etc) never bought a car I didn’t wanna own but I’ve sunk more than I’ll ever try to calculate in em
8:02 - 8:10 😂❤🎉my favorite. Great video, good points covered I can relate in my experience on a much smaller scale. Little steps
Love this video, a good message for when it comes to owning what you like and spending/saving money to buy what you want from the beginning! Especially the specialty concept, I wish I knew this before I started dumping money on my car. Purchased a Datsun 260Z on impulse, and I keep having a hard time trying to find time and money to work on it.
Your storytelling is amazing! Hook after hook. Didn’t even skip your sponsored ad lmao
20:30 Good advise. I was looking for a particular car for years, and 'settled', but I got it for $3.5k (10%) under what I was looking for, and could have turned around and sold it for a profit, but I love it so after 2 years and 11k miles, I am probably going to keep it another year or two.
The Raptor with the 6.2 V 8 is my fav.
Good luck folks, it’s wild out there.
I ended up inadvertently using your tips on Monday when I picked up a 2005 Volvo S40 T5 AWD with a 6 speed manual for $1,600. It's a car I absolutely was interested in getting, it's rare, it was a good deal despite having a black interior that I thought was boring, and I basically pestered the owner enough that I had the car on a uhaul trailer 24 hrs later. It's a car that I'd be okay with just keeping but with a little TLC I could absolutely sell this thing for $6K since it came with a fat stack of maintenance records, 2 keys, a clean title, and has no significant electrical issues.
I hope you read this Vin. I discovered you through a DDE episode, saw you started your channel and am happy to drop a like in every one of your videos.
You're bringing content to a more humane level, being a super nice dude with such a good energy to share. Seems cringy to say this, but we need this theses days. People that are actually people, not a propaganda machine of succes and ostentation.
Keep doing what you're doing the way you're doing.Never let your success change you (as I know now researching your background that you're keeping being), 'cause that is the perfect recipe for even more success.
I hope one day I can meet you and sit for a talk, you seem to be a really nice person.
Much love from Brazil! Keep rockin'!
Thanks man. I appreciate the kind words. I’m just a pretty boring dude that likes cars and making content so im sure this wont change much. Just hopefully get better!
Love the videos, the only thing I think missing in this video is where do you buy and sell your vehicals? Facebook Market Place, craigslist, dealerships?
Absolutely great advice and you have had some sick cars!! Just came across pics I took at SEMA a couple of years ago of your ole NSX. What a sweet ride that was! Great job!
I like how Vin just slithers through doors loosey goosey and just lets them slam as loud as possible lmao
Vin! This is like one of the few content ads that are actually congruent to the audience, well done
What up vinnie. Thanks for the vids. It makes missing 621 golden not so bad. Keep rocking dude.
I'm sitting on a lifted ram shorty i thought would flip big profit, can't find a buyer for a select market truck.. atleast i like to drive it.. vin speaks the truth here. 🙌
I cannot lie I unintentionally followed this method with my 91 Mazda Miata. Got it for a great deal, replaced the custom exhaust with a stock one, began converting it to oem plus, and actually made a profit off the car when my time was done with it. After selling the MST wheels and KBD body kit I was actually positive about 1.5k on the car.
“You know me, I hate wide bodies”
Subbed for this comment 🤣
The more you hate on that 360’s gold paint, the more that I grow to like it. Looks more silver than gold on video in any case.
Love it! I do swedish cars. Right now ive got a long term Volvo C30 t5 v2.0(pre R-Design, less than 2000 sold in the u.s.), but I just cruised through a manual Saab 9000 2.3t, and I'll probably snag a 9-3 Viggen next. Great points on this video, you cant be attached to these things. Its just metal and plastic. Enjoy it and move on. Also I previous had a 360 for a work car back in 2010 when I lived in Vegas. Let me tell you just how fun changing the water pump is on that car hahahaha!! I miss that thing though.
I’ve had over 60 cars and follow a similar strategy. Only lost money on one car. The goal is to own the car from 6-12 months and break even. It’s enough time to get it out of my system and I can own a car long enough to appreciate it. I always have at least 2 cars in case a good deal comes by or a persistent buyer wants one. Following these rules give you leverage and most importantly, never be afraid to walk away from a deal. If it doesn’t make sense then don’t force it. Don’t get too passionate about the purchase unless you are planning on keeping the car for the long haul.
Got to minute 8 and started to wonder when vin was gonna pitch his “how to” program you can buy for ten easy payments of 99.99. Lmao
Damn missed opportunity
The colour has grown on me so much if I were in your shoes Vin, I’d be tempted to keep it! It’s your car though 🥳Keep up the content bro.. love from the uk!
Killing it. How are you so good behind the camera? Really enjoyed this. Keep it up Vin!
Sick video once again! Now back to spending more money on the 360 haha! I look forward to Thursdays now.. nice work.
I didn’t think anyone else like me existed! I’ve owned over 16 high end cars 🚘 n the last 3 years alone. It drives my wife nuts! 😂
This market right now is about to get rough though. Gonna hold out for big price drops… cool video.
Some really valuable lessons here. Planning on selling my IS350 daily drive (drove it for too long, so it's depreciated). Planning on buying an SS Wagon (with the L98 V8) here in Aus.
Stay in it for a short time so you don't lose your arse on it. With that said, they don't make SS Commodores anymore, so I mightn't lose much cash on it when the time comes to sell.
You are putting out great videos. Keep the style and the feel you are using. I like seeing the Hoonigans sometimes also. I also like the music. Great stuff.
100% agree keep the color and put a obnoxious chassis mounted wing. It would be fire 🔥
Jolly is hilarious. He's weird funny lol
Amazing MKIV R32. They made 5,000 though, not 4,000. Subscribed as well!
Great video, Vin. You are WAY smarter with your cars than I ever was with mine.
" which.... isn't real life" I mean fair but super funny delivery
😂
This episode is a gem!
Quality of your videos is insane. Never expected anything less.
is that a white mk1 cabriolet in the back of the shop… Damn, that brings back so many memories. Been such a long time since i’ve had a vehicle i’ve actually wanted to work on. Literally my only video i’ve posted to youtube was the first time I started my MK1 full rebuild.
Ilia and Bernoo are right about the color of the Ferrari. Plus the wing. Keep up the great videos Vin.
Instant sub within the first 5 minutes of this video 🔥
I like me some DDE in the morning to wake me up and some Vin in the afternoon to chill out. Loving the new content. Two different perspectives in the same car space.
Haha love that
I am totally with you bro! Great video
Another great video and some very interesting way to think about cars and how to get into different rides. Now that you are at higher level of cars that you're buying, selling, and driving have nice older/mid range cars lost the appeal or do you still like getting into a nice GTI or Honda etc and taking them for a drive?
Love your channel Vin! been here since the first day. Keep going! Obrigado
This dude loves his Casey Neistat transitions 😂😂
be open to any specs aka best deal is the best. porsches though sometimes need to be picky because it's impossible to get anything after.
#1 hurt me -.- i bought a r34 coupe from japan went to ez then got a rare k truck and then was like lets buy something to flip..... bought rarest s15 vert manual 1 of 1100 hated how slow it was but thought good investment -.- ended up not wanting to wait and didn't wanna get stuck with it sold cheaply to lucky guy broke even or lost money depending on u.s dollar.....
DONT BUY JUST TO FLIP -.-
Keep up the content!
Great video as always. Love it Vin!
Yes put a wing on that thing! Also love the familymart socks.
HAHAHA YOOOO the spotting
@@vin_tra you can’t hide those beautys
I've flipped some cars in the last few years... well I got attached to a VW Beetle with a 2.0 Turbo. Sold all the cars and kept this one. Now I only focus on my main job lmao. Everything u said I agree 100%!
I really enjoy your channel so far. Glad you decided to go this route and just came out the gate swinging on quality - top notch so far.
Hit me up when you want someone to do fulfillment for your merch line 🤘🏻 I have a DC.