My rule of thumb is bring enough cash to pay the tax tags & title so it doesn’t get rolled into the loan. Or, bring enough cash to buy out an after market warranty from the dealer. They can give it to you at cost in most cases.
Take your time coming back my brother, just lost my dog of 18 years too. It hit hard. 1 Peter 5:7 - Casting all your care upon him; for he careth for you. Condolences to you and your family Love
Thanks my brother and I truly appreciate it. Sorry to hear about that bro and my condolences goes out to you and the fam. Amen to that my brother. I truly appreciate it
Finally got my student loans taken care of and rehabilitated now I’m still following your path big bro 🙏🏾 having patience isn’t for everybody but I’m just one of those few who do have it and will continue to have it and trust me when it’s time to lease I’m coming to you we going together 😂 to get my cat
amen to that bro and glad you on track with everything. Keep pushing and keep the man upstairs and don’t give up. Keep building that credit and good luck
@@mar_in_the_7972 I most definitely will bro I’m everything I do and make sure u keep dropping those dope videos kicking knowledge to the ones who need it 🙏🏾🤘🏾
It’s wild because I just got done watching a video and bro said he put 12k down…. For a 2016. 😳 I noticed your video afterwards, and it sounded way more reasonable. Thank you. 💯🙌🏾
💎keep em coming. and if it’s not to much to ask how are you able to get insurance for $88 on your cat? Is it because you have good driving record or somthing like that. If it’s too personal it’s fine.
The 20k down isn’t necessarily bad. It actually helps from being upside down when or if you do trade it in before you pay it off. You’re pretty much will breaking even.
But if u want cheaper payment u should put more down? Or I’m i wrong I was thinking about Odering 2022 hell cat I’m not trying pay 1500 a month And putting 25k down
Oh yea I wouldn’t either bro. Credit really plays a big part. With great credit you can negotiate who you would like to go with for as financing the rest of the loan and who give the best interest.Keep shopping around to see who give you the best deal and not sale over msrp
i want a widebody redeye challenger you think i’ll get accepted if i have my mom co-sign for me and i’m the one putting down the money. 5k down 740 credit score
Hey I am wanting to get a hellcat the one ima lookin at it’s a 2015 charger hellcat with 60k miles an they want 53k an ima really serious about getting it what’s steps should I take
Don’t get it bro. It’s not worth for almost 6 year with 60k Miles and want 53 k for it. It’s not worth it. Keep shopping around to get a better deal. Good luck and be patient
What got me interested in it bc it has a shit load of mods on it and when I was at the dealership the first time me an dealer was talking on it he did say he was dropping the price an it’s the most clean 15 hellcat I have ever saw b4 an most of the hellcats where I live are over priced as I seen sum like 70 80k
@UCsfp_uN5Coftsy4eu5NOH0g that’s awesome just be mindful when something is pass warrant you pretty much on your own when it comes to cost and repairs. Good luck brother
To be real it would be good to have it just incase your state/dealership pulls from one of the credit companies. Better your credit is the more leverage you have to be real. Good luck brother
Try hitting at least 7 bro dealerships try to take more advantage of people when they’re not in the 700s for some reason. Also research what you plan on buying/leasing along with bills and see how you can handle it.
This is terrible advice. Being scared to put a solid downpayment on a car suggests to banks that you are likely to walk away from your car if something happens to it. If you can only put 4k down, you cannot afford the car; period. If you CHOOSE to only put that down because you feel you need cash for repairs, you cannot afford the car. The point about makinng sure its going towards the car suggests you dont understand financing. Pay your tag, title and any gap insurance in cash. Get your loan from a Bank or Credit Union BEFORE you even go to a dealership. Finance as LITTLE as possible or you get destroyed in interest payments. If you keep the car for just a few years, you are paying MOSTLY INTEREST. You'll be upside down in the car when you are ready to sell. That is the point of a downpayment.
I definitely agree with you for someone that’s just now getting in the game of buying cars. My first hellcat down payment was definitely needed due to me not having having a loan for that much etc. but going to my second hellcat and third I didn’t have to put down anything plus my interest rates was lower than 4.4 due to my credit. It seem like I made more of my cars each year as the dealer kept buying them back from me in the range of 10 to 12k. Overall you are right if someone is new at this but when you have over 15 years of credit history (800 +) with cars and good credit. interest rates are very low compared to someone that’s newbie. That’s why I recommend people to take their time and realize what you getting into before you purchase a car like that
@mar_in_the_7972 Car loans are Amortized loans. That means the interest paid per car payment, is based on the amount of the principal left on the loan. To keep it simple, the longer your loan lasts (how ever many months), the more you pay in interest and the less principal you're paying per car note. Telling people to take their time paying off a car is why people trading in a Scat to get a Hellcat, run into hella negative equity (ie. not enough principal paid on Scat loan). I'm not being critical of how you get your cars, I'm just saying the advice is not good for most people. If you cannot afford 20% down (in this economy) you got no business buying the car. UNLESS you're in a position to write the car off as a business expense which may make a lease or no/low down-payment purchase feasible.
Most people are not dumb enough to ONLY put down 4-10,000 on a hellcat If the price-tag is over 60k… 20k for a down payment is smart and wise if you won’t want to pay $800-1200 a month in a car payment 🤨
Credit plays a big part to prevent people from putting down so much money. When it comes to these high performance cars I tell them to lease them first so they can get a better interest rate
@@mar_in_the_7972 even with good credit score, you’re walking out the dealership with a high monthly payment regardless of credit. Credit and a good down payment play a good part in investing into a vehicle, let alone a hellcat. Dope car btw 🔥
@@backwoodsbandit3138 I agree with you a 100% I just try to let people know before going in what to expect. I alway let people know that these cars aren’t cheap at all monthly but lease it will help you get a better payment then normal. Trust me I always try to give people honest answers when it comes to these cars. I had to lease my first two hellcats In ordered to build enough equity so I wouldn’t have to put down anything for my red eye
@@backwoodsbandit3138 thank you and truly appreciate it. Lease it first while they have a deal on them so you can see if it’s something you really want to get into. Good luck and much love 🙏🏾
BS put down money saves you money on that interest. Cap that putting money down is bad. I will agree make sure where that money is going because they can pack your loan with extras to eat up that money and keep for themselves. in some cases putting money can get you a better interest rate. Not putting money you will need to buy rap insurance it's only $600-$900 for the life of your loan and if you get to where your car has equity then you can cancel it. But if you put no money down now with the interest rates you most likely will be upside down for about 4 years just making monthly payments. Yes i will pay it off early BUT 95% of people never do or even keep the car for more then 3 of 4 years which then means you will take negative equity to your next vehicle. Then rinse wash repeat. 99% of vehicles are not assets people. stop letting people tell you that. we are in a weird market for the last few years (yes). BUT do you want to be hold a bag of 10-15K over market value when the market starts to correct??????? Because you had to be and look cool to others????? Or would you like to keep that 10-15k in pocket or bank
Развлечения
My rule of thumb is bring enough cash to pay the tax tags & title so it doesn’t get rolled into the loan. Or, bring enough cash to buy out an after market warranty from the dealer. They can give it to you at cost in most cases.
Great video as always Mar! My condolences to your family member. Keep your head up 💪
Thanks bro and I truly appreciate it 🙏🏾
Hella good advice thanks brotha!
Thanks bro. I truly appreciate it
This is all facts... credit is everything like you been telling folk forever!
Absolutely right bro. Credit is king when it comes to dealing with these cars
Appreciate that bro.
Take your time coming back my brother, just lost my dog of 18 years too. It hit hard.
1 Peter 5:7 - Casting all your care upon him; for he careth for you.
Condolences to you and your family
Love
Thanks my brother and I truly appreciate it. Sorry to hear about that bro and my condolences goes out to you and the fam.
Amen to that my brother. I truly appreciate it
@@mar_in_the_7972 thanks my brother, I appreciate the love back. For real.
Good content brother best of luck to you
Thank you so much 🙏🏾
Finally got my student loans taken care of and rehabilitated now I’m still following your path big bro 🙏🏾 having patience isn’t for everybody but I’m just one of those few who do have it and will continue to have it and trust me when it’s time to lease I’m coming to you we going together 😂 to get my cat
amen to that bro and glad you on track with everything. Keep pushing and keep the man upstairs and don’t give up. Keep building that credit and good luck
@@mar_in_the_7972 I most definitely will bro I’m everything I do and make sure u keep dropping those dope videos kicking knowledge to the ones who need it 🙏🏾🤘🏾
💯 good video fam
I appreciate it bro
I appreciate it bro
It’s wild because I just got done watching a video and bro said he put 12k down…. For a 2016. 😳 I noticed your video afterwards, and it sounded way more reasonable. Thank you. 💯🙌🏾
Glad I can help bro. And good luck on getting the whip 🙏🏾
@@mar_in_the_7972 thanks Brotha. God bless. 💪🏾
💎keep em coming. and if it’s not to much to ask how are you able to get insurance for $88 on your cat? Is it because you have good driving record or somthing like that. If it’s too personal it’s fine.
Gotcha fam. I believe my area I stay in. plus good driving record as well. I try not to get them speeding tickets lol
@@mar_in_the_7972 lol I know that urge to push it be hard to fight. But bet, preciate that bro.
@@igobytrez5171 no problem fam at all. You absolutely right about that fam. 🙏🏾
Thank you Frr because I was thinking of dropping$15k lol
No problem at all 🙏🏾
The 20k down isn’t necessarily bad. It actually helps from being upside down when or if you do trade it in before you pay it off. You’re pretty much will breaking even.
I feel yea but I wouldn’t spend that and plus scats and hellcats keep their value if you take care of them
What insurance company are you with to pay that low ,and what area do yo stay in ?
I’m in Tennessee and I’m with nationwide and I only pay 77 now
But if u want cheaper payment u should put more down? Or I’m i wrong I was thinking about Odering 2022 hell cat I’m not trying pay 1500 a month
And putting 25k down
Oh yea I wouldn’t either bro. Credit really plays a big part. With great credit you can negotiate who you would like to go with for as financing the rest of the loan and who give the best interest.Keep shopping around to see who give you the best deal and not sale over msrp
i want a widebody redeye challenger you think i’ll get accepted if i have my mom co-sign for me and i’m the one putting down the money. 5k down 740 credit score
Anything possible just go into a dealership of your pick and let them know what you can do and see what they can do from there. Good luck
Hey I am wanting to get a hellcat the one ima lookin at it’s a 2015 charger hellcat with 60k miles an they want 53k an ima really serious about getting it what’s steps should I take
Don’t get it bro. It’s not worth for almost 6 year with 60k Miles and want 53 k for it. It’s not worth it. Keep shopping around to get a better deal. Good luck and be patient
What got me interested in it bc it has a shit load of mods on it and when I was at the dealership the first time me an dealer was talking on it he did say he was dropping the price an it’s the most clean 15 hellcat I have ever saw b4 an most of the hellcats where I live are over priced as I seen sum like 70 80k
@UCsfp_uN5Coftsy4eu5NOH0g that’s awesome just be mindful when something is pass warrant you pretty much on your own when it comes to cost and repairs. Good luck brother
what insurance do you use bro?
Usaa
Build all 3 credit scores to 720?
To be real it would be good to have it just incase your state/dealership pulls from one of the credit companies. Better your credit is the more leverage you have to be real.
Good luck brother
I pay $630 for insurance is that alot
For a month or the whole 6 month ? If that’s a month that’s robbery and you need to find a new company to provide insurance
@@mar_in_the_7972 for 1 month I live in NYC that’s the lowest I could find
@@NycContent good luck and I would continue to shop around to see if there anything lower because that’s extremely high for insurance
You think I should buy a 56k car with a 680 credit score?
Try hitting at least 7 bro dealerships try to take more advantage of people when they’re not in the 700s for some reason. Also research what you plan on buying/leasing along with bills and see how you can handle it.
20k for a scat🤣🤣
This is terrible advice. Being scared to put a solid downpayment on a car suggests to banks that you are likely to walk away from your car if something happens to it. If you can only put 4k down, you cannot afford the car; period. If you CHOOSE to only put that down because you feel you need cash for repairs, you cannot afford the car.
The point about makinng sure its going towards the car suggests you dont understand financing. Pay your tag, title and any gap insurance in cash. Get your loan from a Bank or Credit Union BEFORE you even go to a dealership. Finance as LITTLE as possible or you get destroyed in interest payments. If you keep the car for just a few years, you are paying MOSTLY INTEREST. You'll be upside down in the car when you are ready to sell. That is the point of a downpayment.
I definitely agree with you for someone that’s just now getting in the game of buying cars. My first hellcat down payment was definitely needed due to me not having having a loan for that much etc. but going to my second hellcat and third I didn’t have to put down anything plus my interest rates was lower than 4.4 due to my credit. It seem like I made more of my cars each year as the dealer kept buying them back from me in the range of 10 to 12k.
Overall you are right if someone is new at this but when you have over 15 years of credit history (800 +) with cars and good credit. interest rates are very low compared to someone that’s newbie. That’s why I recommend people to take their time and realize what you getting into before you purchase a car like that
@mar_in_the_7972 Car loans are Amortized loans. That means the interest paid per car payment, is based on the amount of the principal left on the loan. To keep it simple, the longer your loan lasts (how ever many months), the more you pay in interest and the less principal you're paying per car note.
Telling people to take their time paying off a car is why people trading in a Scat to get a Hellcat, run into hella negative equity (ie. not enough principal paid on Scat loan). I'm not being critical of how you get your cars, I'm just saying the advice is not good for most people. If you cannot afford 20% down (in this economy) you got no business buying the car. UNLESS you're in a position to write the car off as a business expense which may make a lease or no/low down-payment purchase feasible.
Cap
Most people are not dumb enough to ONLY put down 4-10,000 on a hellcat If the price-tag is over 60k… 20k for a down payment is smart and wise if you won’t want to pay $800-1200 a month in a car payment 🤨
Credit plays a big part to prevent people from putting down so much money. When it comes to these high performance cars I tell them to lease them first so they can get a better interest rate
@@mar_in_the_7972 even with good credit score, you’re walking out the dealership with a high monthly payment regardless of credit. Credit and a good down payment play a good part in investing into a vehicle, let alone a hellcat. Dope car btw 🔥
@@backwoodsbandit3138 I agree with you a 100% I just try to let people know before going in what to expect. I alway let people know that these cars aren’t cheap at all monthly but lease it will help you get a better payment then normal. Trust me I always try to give people honest answers when it comes to these cars. I had to lease my first two hellcats In ordered to build enough equity so I wouldn’t have to put down anything for my red eye
@@mar_in_the_7972 absolutely, I like your honesty and this video! You intrigued me and making me want to get a hellcat sooner than anticipated 😅
@@backwoodsbandit3138 thank you and truly appreciate it. Lease it first while they have a deal on them so you can see if it’s something you really want to get into. Good luck and much love 🙏🏾
BS put down money saves you money on that interest. Cap that putting money down is bad. I will agree make sure where that money is going because they can pack your loan with extras to eat up that money and keep for themselves. in some cases putting money can get you a better interest rate. Not putting money you will need to buy rap insurance it's only $600-$900 for the life of your loan and if you get to where your car has equity then you can cancel it. But if you put no money down now with the interest rates you most likely will be upside down for about 4 years just making monthly payments. Yes i will pay it off early BUT 95% of people never do or even keep the car for more then 3 of 4 years which then means you will take negative equity to your next vehicle. Then rinse wash repeat. 99% of vehicles are not assets people. stop letting people tell you that. we are in a weird market for the last few years (yes). BUT do you want to be hold a bag of 10-15K over market value when the market starts to correct??????? Because you had to be and look cool to others????? Or would you like to keep that 10-15k in pocket or bank
Thank you for putting me on game thank you family fr fr
No problem at all. Glad to help