MONTHLY PAYMENT on a 500HP MK5 Toyota SUPRA
HTML-код
- Опубликовано: 26 авг 2024
- How Much Are the MONTHLY PAYMENTS on a Modified SUPRA?
We go over The REAL Cost of a Modified Toyota Supra
How much is insurance
How much was the downpayment
The best way to buy a supra!
Toyota supra monthly payments
No cap ain’t never heard a RUclipsr say what u just said when it comes to buying a car. Not only r u educating us on your down payment etc. but also letting us know how your paying for it
God you people completely butcher the english language
@@donlimbargo5865 I'm a francophone and even my mind was hurt by this.
@@donlimbargo5865 you people ? Watch what you say
@@Coachclizzy it’s the culture that’s flawed not color. Don’t be sensitive.
@@donlimbargo5865 everything he said was legible stop being racist
Wow, the transparency in this video is unmatched. Not only doing things the financially smart/right way, but sharing that info with others. Respect. Subbed.
I appreciate you subbing thanks 🙏
Right now I own 2 rental properties, a small corporation, and work a full time job that pays pretty good. I’m really looking at getting a Supra someday, Currently working on my real estate license so I can start making sales. After watching this video it motivates me even more to grind harder for that passive income, and keep fighting for earning my freedom. I’m 24 but I’m hoping with enough hard work and perseverance I can make it! Thanks Geo!
I was not interested in these until the manual transmission was available. I am supremely grateful for your transparency, and I wish you continued good fortune.
Thanks!
You earned every dollar that car is worth I hope it treats you super well and there are many great miles ahead
Thank you so much I appreciate you!
Thank you for being so transparent. This is actually my first video of yours that I have seen. Sometimes cars seem so far out of reach but it’s nice to know that it’s possible!
Glad you check it out thanks
My man hats off I pride myself on honesty and transparency it's wonderful to see it in someone else. Speaking of financial education and the supra is really just top tier. It's a car I want and I know I should be in possession of assets well before buying that and you make a point that patience pays. Got yourself another sub!
I appreciate you thank you!
You and your content are a huge inspiration for me Gabe. Thank you! I plan to take the leap and start a business soon on top of my current job.
I appreciate that! Makes me feel a little better about this video lol Take action, it's worth the 16 hrs a day in the beginning.
Your transparency alone got me instantly subbed. Keep going bro and make those dreams come true.
Same bro. I sub right away when he showed how much he is paying. Can’t beat honesty and humbleness!
thank you for the transparency. You are an inspiration for me man! Keep up the great work and great videos!!
I'm glad you like it! Thank you!
Love this ! Your transparency and your hustle with real estate is admiring !
I appreciate that! Thank tou
My boy got the $60k car but what you need is a new phone LAWD 😂😂 #priorities
I just ordered one after the screen went black and wouldn't come back on lol 😂
Man when you started talking about passive income, you won me. I love passive income and I'm glad your schooling viewers of it. Why work to pay for your toys when you can have investments pay for them
Best way in my opinion.
@@Gabe_Ortega how can I start to invest I never invested before
This was highly informative, I really appreciate the logic into affording a car via your process. Thank you for the information and explanations.
Zero money down. A $927 dollar car payment with I’m assuming a 5 to 7 percent interest rate is a terrible financial move. If you are thinking about financing a depreciating asset this expensive, please don’t do it yourself. Save your money and pay for it in cash. That’s the only way to do it.
To some this is the "normal" way of buying a car. I had the option to pay cash for it, but decided my money is worth more into a apartment complex. With the apartment complex I'm able to pay for 3 supras...not that I would lol it comes down to your personal goals and making your money work for you.
I highly doubt you had the 64k to pay for the car in cash since you elected to pay an additional 13 thousand in interest over the next few years. Looking at the bill of sale, you can see that you had an additional 2 co-signers. This is a clear sign that your "passive income" is not enough to cover the cost of the car as the bank is not willing to loan the amount to you only. Its your money and you can do want you want. I am just pointing out the flaws on your financial advice. Nice car and best of luck to you!
@@TONY.619 I actually put my girl on the car as well since she's been with me since the start of everything.
Check out this video, or at least the thumbnail. I have no reason to dishonest. ruclips.net/video/O5XtKNQ8YMY/видео.html
@@Gabe_Ortega Financing a car is a horrible idea either way. If you cant pay cash for it then you cant afford it. If you had 64K to pay cash for the car, why would want to pay any interest?
@@TONY.619
What's wrong with paying $13K over 5-7 years so you can BOTH keep your cash money in the bank (presumably to invest or save for a rainy day) AND keep the car? $13K in 5-7 years won't hurt him too bad and he probably won't even feel it, the opportunity cost of being able to keep all your money in the bank NOW + have the car NOW in exchange for an additional $13K you paid in 5-7 years far outweighs paying NOW $54K or $64K (whatever the car is worth) to avoid paying an additional $13K to the total price over 5-7 years.
To each their own but i rather keep my money in the bank NOW for investments or a rainy day than pay for the car in full NOW to avoid $13K additional paid over 5-7 years.
Millionaires and billionaire's still finance, that's how they stay rich.
Trust me bro. You ain't flexxing. But, clean Supra.
Thank you for being extremely transparent on the payments of this beautiful car. I intend to save enough money to be able to afford this car by the middle of this year and hearing what the costs will project to be and strategies on how to make the most out of your payments like in this case passive income, helps me get a more clear understanding what to do now to prepare for those expenses. THANK YOU ONCE AGAIN JUST LIKED AND SUBSCRIBED
Best of luck!
Better put a ring on it brother and keep at completing your dream! You got this!
If she can beat me in the Evo!
Fr he sleeping hard
Bro just gave us free game and y’all out here hating, doubtful and shiii talking, nice vid man!
With regards to building credit, the banks do not care if you make a 0 dollar down payment, that’s not moving the needle. You’re only hurting yourself by paying much more in interest by having a larger loan.
The only time a 0 dollar down would make sense is with 0% APR which isn’t very common.
You don't move the needle on the down payment, you move the needle on the buy. Like purchasing it under market value, like a house. If the cash flow from an assist can pay for the loan and you invest the money somewhere else that gives you 15%+ return. I'm happy to pay a few hundred in interest payment when the same money is making $1000s. To be be honest it comes down to your personal goals. One day I will worry about loan pay downs, for now leverage and ROI are the most important things to me. I appreciate your comment!
This is very reminiscent of my youth when I used to buy nice cars and pay those high payments. I’d be a millionaire right now if I would’ve purchased a 401(k) with those payments.
Ture, but if you never stop and enjoy the things you love in life...when do you pause?
Damn that was great. Massive respect for the transparency. You're reaping the benefits of your hardwork since the beginning. I'm wondering what your insurance is?
I've had my driver's license for about 4 years now and I pay $280/mo for 1 car ('22 BRZ) no tickets or anything. California is crazy
Thank you, Gabe, for sharing this great video. Enjoyed your humility and the wealth of financial wisdom you imparted in it!
Glad you enjoyed it!
Got my 2022 premium brand new ordered for 658$ and 0 down. Interest rate .000167. Working for Toyota gets you a hell of deal.
I am a Realtor as well, and had a rough last couple of years. You motivated me to stick it out the long run.
I feel this is the year I can get this car.
You can do it! you only fail when you quit!
@@Gabe_Ortega I appreciate that, what city do you service?
@@kinjaaaaaa999 safford az
@Gabe Ortega I am in the Bay Area Northern California. If I ever get someone heading that way I'll refer you. I tried to add my ig but RUclips doesn't allow if you go to my info it shows it. I'll follow you back
How are things? Did you get the Supra?
first video i’ve ever watched from you and honestly subbed. I don’t usually do that (i’m stingy with my subs) but i love the transparency. You’re humble and honest and have a great taste in cars. Cheers on your success and future uploads bro 🤙🏽
I appreciate you you very much thanks!
So I went to dealership to buy a truck to tow a light travel camper. ALL trucks are so damn expensive I told the sales guy if I'm gonna fork out that type of money I could buy a new corvette or a cool sports car. I said what sports cars do you have? What's the nicest one I'll look at it put a hitch on it because it's insane that trucks cost that much. They had a Supra premium for 6K less then a truck I was looking at. Let me tell you that this car is worth it. Wow is all I have I have to say about this car. I didn't buy either yet but understand that this car will stay at the forefront of my dreams until I own one. Incredible car with incredible performance and value. Yes you can buy a used hellcat and those are cool or a corvette or a Porsche or a mustang or a Camaro or a wrx sti or a lancer evo but I can say that this car outperforms in the twisties of the Appalachian mountains. I burnt out a half a tank of gas in 45 mins. Not many vehicle can drop into a 30MPH turn at 85 without hitting the brakes and flooring it out of the turn letting the tech keep the ass end straight as possible jerking you back in the seat with ease like this car will. Impressed by it. How we got to a point in society where people fork over 30k more then a Supra for a dually truck over a car like this is insanity to me. Very nice ride my dude I get it. I will return at a later date and pay cash however as that is the little more responsible move but let me tell you it's worth paying the bank in my opinion as it is a sweet ride but not worth a divorce. I challenge anyone to go drive one and tell me it's not not worth the bank interest owed to own it ASAP. You can buy happiness and this is it.
Bro you showing your payment earned a sub. Appreciate your hassle and hustle.
I appreciate it! Thanks!
Motivation to make me word hard now being 21. Looking forward to the future & what the next couple years bring. Appreciate that 💪
Thank you, keep at it you only fail when you quit
The realest vid I’ve watched in a minute they always go around the whole point , the video was straight forward thank you so much
Thank you for noticing I tried to say focus
You absolutely earned a subscribe from my man. Love the transparency and humility.
I appreciate you thanks!
You can tell is a car guy ! , when his phone is all crack up but his cars look amazing.
Hahaha couldn't be more Ture lol
Great very factual on cars being a liability not assets. Would have been nice to talk about the importance of DTI and how much income also translates into trust loan wise
Dave Ramsey is having a stroke hearing you say you put 0 down
Haha in my new video I used his quote.....I thought it would be funny lol I like his saving and paying of debt technic but not his investing technic.
Nice!! xD Yea invest like your ready to loose it is the way imo
Came for car content, stayed for the solid finance insights & inspiration. It’s refreshing to find creators who focus on transparency and the not so sexy side of things. Not every time hype. You just got a new sub.
Thank you! Glad you enjoyed it :D
That gsx is sick af.
Also that Evo is one of my dream cars
But a new camaro zl1 is my dream dream car.
i want a black evo 9 someday too evo x are sick but 9s are more curvy i think , that has always been a goal of mine
huge congrats bro. i madly respect you for your real estate business! I'm about to start my real estate journey soon
Thanks! Sooner you start the better it'll be.
Wow man, great advice! You gave a lil accounting 101 into to the car but great point on assets!! $0 down payment is crazy but there’s a method to the madness. Appreciate the vid. Def getting my sub
Exactly a method to the madness. It's a tough pill to swallow for most.
Thanks for this! I’ve been wanting to buy a Supra because the car is 2,000 dollar down payment and it’s been my dream to own one
There awesome cars. I have 0 regrets having a newer supra
this is honestly the smartest way to go about financing a car
You seem like a smart man. Good for you brother. Just make sure you always have a tenant or else you better have a way to pay those monthly bills!
The more tenants you have the safer it becomes. Imagine having 1 tenant and they leave...now imagine having 16 and 1 leaves..dosnt hurt as bad.
We been together for 7 years: Amigo she is your wife in Cuban terms😂🙏
Pretty much lol
I did this same method with spending 35k on a pool route that makes 4k a month and financed my Ford Maverick @ 2.99%. ($500/month) That 35k invested in my pool route (asset) makes over 100% returns on my 35k compared to the -2.99% the truck currently costs me per month (liability). Great video bro 💯
Beautiful move great job
You could have used a much cheaper truck and had that much more money...so no that's not smart.
@@Silidons91 yes but this isn’t like having a 9-5. I built my routes with older trucks; I now choose reliability and warranties for a company with this kind of stability and growth 💯
@@Silidons91 I used to have that same mindset until I began learning how money really works. My business would still be on the ground floor had I not set higher standards for the guys and myself
That’s the wrong cat to try and look humble. Badass car bro!
U real asf Fr, no RUclipsr ever be this transparent
Thanks glad you enjoyed it
Gained a sub for being transparent the whole video, I hate when RUclipsrs do these videos and don’t say shit
I Seen a few that gets me mad lol thanks
I never damned harder when I saw that exhaust piping! VERY CLEAN MAN
Man I love humble people. Subscribing for that reason alone.
I appreciate that a lot!
I appreciate it, I didn't think about the tier/step with financing to get to that next level
I passed by your GST all the time dropping my son off at school. It's looking lonely and needs to be driven. Maybe one of these days we'll have to go to Mexico and see what it'll do against my mustang.
My poor gst your right I need to go save her
Love the transparency my man. Smart way to buy a car as well (judged when you said no down payment) but I knew there was an explanation 😂😂 great vid 👍🏼
Thanks
I truly appreciate the transparency
Thanks!
$3,000 a month in cash flow from a $63,942 investment is WILD! That's over 50% cash-on-cash return. Can you please make a video on your process of buying this property? I'd love to hear more about the purchase, renovations, and how you rented out the units.
Definitely I have some older videos about it but I need to make some updated ones.
Soooo if the economy craters, we go into a recession and your tenants leave and you gotta cover the monthly mortgage payment for your 8 rental… then you gotta cover that Supra payment as well right? Seems risky unless you got a large cash pile stocked away…. Love the car though! She’s a beaut and your right great deal with all the free mods you got.
They'll always be risk. But they are ways to mitigated risk the right way and the wrong way. A safer thing to do is go to work for 8 hrs a day for the next 40 years of your life hoping your boss doesn't fire you.. Nothing wrong with that. But for me that seems riskyer
@@Gabe_Ortega what? How is a steady 8-5 job riskier? If you get fired, you just get another job. You don’t have 100k+ of DEBT that you owe regardless if you have tenants or not.
He lives in the same state as me. Houses are already coming down in price. No more Covid craziness. Why I don’t consider real estate a healthy investment
Wish someone have taught me this when I was younger. Never learn this in school.
Exactly you'll never hear this from anyone while going to school. It's so thing I wish they did. So I'm gonna do best and make videos :) thank you!
Banks don’t look back to see how much your previous payments were 🧢🧢🧢… they care what you’re income and credit scores are. I have over an 800 credit score and I’ve never had a car loan over 20k. 😂
Of course those are 2 of the main factors. They look at your previous auto loans as well and compare them to your new one. Usually double they'll go. Some banks are will take more risk than others and will require you a down payment..again not all banks are the same. And congrats on a 800.
Don't put down money on things that aren't gunna make ya money 💯
The golden rule. It's so simple but yet so many have never thought really understood it. I'm hoping I can change a few minds
You make good money, but the transparency is lacking in area where you make more money than the average Joe. I personally would of taken an X3 M Competition.
Understood, apologize for not being clear.
Thinking about pulling the trigger.
Thinking about trading in our Lexus
Then putting 10k down
And hopefully it should be about 5- under 6 hundred a month
I hate going places
I’ll order Uber when i feel like going to the bar
Someday when we get our ish together fellas! 🙏🏽
Finance charge is Almost 14k😮. Congratulations though. Of the 3K from the passive income, how much do you actually keep after paying mortgage and unexpected repairs.
The 3k is roughly net. Of course the supra payment comes out of that. I'll be finished with a remodel on 1 apartment that with pay for the supra all by it self.
He’s not paying for it. Lmao his lady co-signed for his car. And he’s banking on the fact that his “remodel” of some apartments in the straight worst part of town will pay off. He isn’t smart he’s honestly naive
Nice man I’m almost paid off on a used car I bought in 2020. Definitely looking to upgrade but I like not having a crazy high car payment trying to save for a house
It always comes down to your goals. Saving for a house is amazing keep it up!
truly inspirational, MK4 was my all time dream car before the MK5 came out, got the best i6 in the game so far, hopefuly I can own one after finishing college
tbh i would have gotten an mk4..but price and financing was the big one lol happy with my decision tho :D
Take a shot every time he says “you guys”
With my new video I was actually going to edit "take a shot every time I say FUEL" haha Weird how that happens, like we were kids and said " UUMMMM" lol
This sounds like a great way to have negative equity and no warranty on an expensive sports car
Your right on the warranty part. Upgrading the turbocharger will stop the warranty. Similar a90s with similar mods are selling for 62-65+. Luckily for this type of car the desperation is very low, unlike a Chevy Malibu which will deprecate 10% within the first day. Certain type of cars hold there value for a long period of time, some even appreciate. I expect some small loss over the the period of owning it. All comes down to the car :)
@@Gabe_Ortega I have an A90 that I paid $50k OTD for with 30 miles on it in 2020. Selling a modified car is always harder. I'd be more concerned about gap coverage if anything were to happen to it because I don't think insurance is going to be as generous on the value of the car as the used market is. Also, the only thing holding up the value is the current supply chain shortages. If those didn't exist or the used market cools off because of recession there will be some pretty heavy depreciation. I just generally think putting $0 down on a car is pretty bad idea for the gap coverage alone. Just my 2 cents, but it ain't my money lol Sweet car though and I want that exhaust for mine.
@@Cherry-cy9nk he’s just another “real estate investor” from the valley.
Love your channel gabe content looks like Arizona my G hope to see your around town in that
Thank you yup AZ
Happy u got what u wanted liked the video very much and u are on ur way to much more better rides in ur future
That's the plan. Thanks!
I love the Supra. It’s been my dream car since they brought them back and ima have it one day and look back at this video 🤙🏽🤙🏽🤙🏽
This comment is for your future self....... "Congratulations on your supra!"
Wow. i clicked on here to see monthly payment for supra but i sub cause of the eclipse on the back. First car 2 decade ago was a 97 eclipse spyder. transmission were big trash. went out twice in 2 years. hopefully i get back into another one down the road.
That's awesome! I mostly post make videos about my gsx. But been liking the supra for videos too
Appreciate the transparency 🙏🏾🙏🏾🙏🏾🙏🏾
I appreciate you checking it out! :D
Great video man god bless you, an honest and sincere educational video, I do the same thing and I also bought the 2021 Supra, it’s an amazing car. 👍
Sweet baby Jesus! That monthly payment.😢 Good for you guys and congratulations on the car.
After a few months it's "normal" now lol but still kinda crazy
Great car, but payments just suck. Lots of interest, pay cash if possible. Payments on real-estate is one thing as it generates money
Out here dropping nuggets of knowledge
Glad you enjoyed the nuggets
You’ve got a new follower my friend.
I want to eventually purchase a Porsche 918 Spyder
My next car I wanted to purchase was a Surpra. Seeing your content gave me a bunch of ideas. Thank you for this
Thanks awesome, 918 are pretty sick
I appreciate your realistic down to earth approach bro ,def subbed
I appreciate you thanks!
This man just used passive, monthly and cash flow in the same sentence when he was saying the same thing.... The right car is an asset, as long as they hold their value, your money isn't being devalued by the government as quickly in a car as it is in a bank.
Wonderfully said
Great video. Love the transparency. I have a similar approach to financing cars.
Thanks good to hear
$926 until 2029? Did all of the people talking about how great this guy was with finances not realize or see that he financed 64k and will be paying 77k? Passive income or not you’re losing a lot of money on that car.
For what it’s worth, I paid 57,000 for my Launch Edition brand new, installed nearly every mod you talk about, and paid around 65,000 give or take is what it costs to build this exact car. That’s with no miles and no previous owner abuse.
That aside, nice cars man. I think I like the GSX more than the Supra 😊
Your correct, if I was to hold onto the loan the entire time..which I'm not but if I did would coste an extra 13k.. the passive income from the apartment would take 4 months to recoupe those losses and still give out income for the rest of my life. It's still better to invest in a asset then to spend large down payments on liabilities.
Thanks I love the gsx! Sometimes more than the supra to be honest it's my baby
Your monthly payment is more than my monthly mortgage on a 150k home lol. In your case you should have just paid the car off so your not paying monthly interest.
Thr 60k+ makes me 40%-50% in real estate..the car would save me 5%....it's a clear winner that the apartment pays for the car and then some. Its hard to get used to becouse they never thought that in school.
Dreams that only happen if you take action …best inspirational quotes I’ve heard all year
New subscriber here now
Thanks!!
I love cars got 6 of them! I don't want what I love to take away my financial freedom! F the payments f being in debt f being upside down! Old is gold! F what others think! I keep my money in my pocket by keep a foot on my wants and make smart calls just just going back to being broke with all those cars! U make a lot of money but a lot of it goes away
Your 100% right..the payment slows my growth on my business but after 5 years of pretty much eating dirt. I could die tomorrow... so enjoy today.
Rich people don't buy a car and make payments. They buy an asset that makes them money to make the payments on the car. House rent it out and use the money to pay for the supra. In the end you still have the asset making you money and a car that you want with no payments out of pocket.
Can’t wait to get this exact model. Literally my dream
Love this one since 2021 and up had oil consumption issues and you couldn't/harder to tune
I'm happy to hear stories like yours Gabe. Keep it up! 👍🏻
Glad I could share it with you thanks
Love the video man and congratulations on all your hard work finally paying off!! My only suggestion when making these videos is making sure you don't forget to block out you address because people can be weird sometimes man. Best of luck brother
Appreciate that bro
Bruh your audio is to damn crisp! I though someone was behind me talking lol
Hahaha WTF lol killed me bro lol 🤣😂
It’s still your money I hope you know that real estate doesn’t mean other peoples money it’s your money that is paid back to you but a percentage goes into your car
I feel like you could’ve had a 2008 Gallardo by now if you either sold all those cars or never bought them in the first place and just saved, but that’s no fun 😂
Your probably right..the best part about a goal like that is the process of getting there.
Nice man …the process is actually the fun part
Enjoy it
Congrats man! You grinded for it you deserve this
Thank you, hope the transparency came off in the right direction.
@@Gabe_Ortega do you use it as your daily driver?
@@Ram-rm2gz yes, in 1.5 month we put 1800 miles on it :)
The Corola GR is about the same price with market markup... :D
That’s crazy 97$ for insurance while I pay 87 for my 2003 Corolla
Beautiful Car man! i have mustang gt and i pay a little more than that and it's unmodified, I don't think I got a good deal but it's the car of my dreams. Thank you for your transparency
As long as it's something you enjoy everyday glad you got it!
This is a gem my guy!
Great video and info man. If theres one thing ive learned at age 30 that i could tell my younger self, it would be to work and get smart with your money before chasing a car payment. Use your money for education and businesses. Get a STABLE job into foreseable future, pay off any student loans, build your credit up and real estate and stocks, THEN go for the assets and luxuries. I see too many young kids barely finish college but go broke and live at home just to drive an m4 or a supra. Your advice was great.
Well said..I passed up on a lot of things. Glad I did. Hope others do the same it's worth it
After seeing the Nissan Z in person I think you bought the absolutely right car. That Nissan Z is an absolute fiasco. It looks almost like a 370z but uglier. The rear end and the wheels set up of the new Z is the only thing that looks good. Watch it go for close to msrp soon lol. I just needed to come back to rectify myself. 😁.
I like the rear end of the Z and the interior, other than that it was a no for me.
here i am in uni and its rly nice to see u making ur dreams a reality. its quite inspiring and hopefully one day, i’ll do the same. currently looking into getting an evo and the 23’ supra 6MT after uni 🎉🔥
Thx bro I was thinking of buying one. This really helped me. Thank you!!!
Glad I could help!
Loved the video man!
Would love a video about your real estate business!!
Thanks I'll make one.