MONTHLY PAYMENT ON A BRAND NEW FERRARI…
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- Опубликовано: 5 май 2023
- Let’s discuss the monthly payment on my brand new 2024 Ferrari F8 Spider. How much it costs and how much I pay per month and my plan for paying it off. Ferrari financing and smart ways to make money and invest money.
Part 2 to this video - How much I lost buying the Ferrari...
ruclips.net/video/F21LX3WSYr0/видео.html
Why the camera woman breathing so hard. I could barely hear will 🤣 🤣
Lol hear her to
Lol
Dark vader cousin
Wills car literally made him sick!! Lol!
That’s a woman 6:47
Please do me a BIG FAVOR and hit the like button on the video. I’d really appreciate it! 👍🏽
💪🏽WILL😎MOTIVATION💯
Liked and subscribed bro!
Camera man heavy breathing is messing up the video. Just a heads up.
I always do
@@ORACLEFASTMONEYTRADER Yes, car financing, 'hood style. Outside of that, everyone else is laughing at him!!!
How I am able to afford my new Ferrari even though I'm broke...
ruclips.net/video/Kx011Kvu_G4/видео.html
Love the car. I have owned many Ferraris throughout the years. But now I live in Manhattan and have no cars. My life has never been better. I am in my 50's now so have long since grown out of the super car urges of youth. But I love watching young guys come up and living their dreams. Keep up the amazing work Will.
So, what fulfills you now?
@@robertmorgan2219 Well I still have my obsessions. I mainly now just date beautiful girls and travel the world lightly. I found the more I owned. The more I was owned by those possessions. A large collection of cars, houses, land and employees. I just sold off everything and now love so care free I wish I would have done that sooner.
@@erockvaughn2190 mentor me!! I believe in sharing a percentage equity in the enterprise!
@@robertmorgan2219 Not sure how to mentor. Other than to say. Build a body of work if you are young. This has been the key to my success. No matter how crappy the project I did my best on it and built up a massive body of work. Along with that came money that I have handled and invested wisely. It took me decades to get here. I grew up poor with nothing. Now a top 1 percenter+. I wish I could help more.
@@erockvaughn2190 Great response! I too am living that 'care free' life. However, at a young age 25 (Im old af lol), I have this urge to purchase a supercar.. specfically a gt3 rs :D. My current networth is 1.2 mil but I'm hesistant in purchasing a depreciating asset
when you can afford 5k a month but.... you cant afford a separate wind resistant mic.
Was it wind or the camera person? Priority is the car not the mic lol.
Bro, that's the camera guy... Definitely out of shape.
@🇭🇹 Gip Funny you said that at the end he said it was a camera lady and she was cold 🥶
When you have a 600k rental car in front of a 300k house
@KMC C I guess you don't fact check before you add a comment.
I have never seen you before but I love how realistic and down to earth you seem. Thanks for the video!
THanks
My motivation is not to buy a sports car with a monthly payments.
That's one impressive car! Your story is impressive and inspiring. You came up with a plan and working it, good on you man. If it makes you feel good go for it!! I get excited when my 62 Volkswagen starts up.
Congratulations again Will. That’s cool your transparent about payments on that pretty Ferrari.👍I’m contemplating about buying MC20 🤔I really like what Maserati did regarding MC20.
im 7 years in now on your channel bro and it just keeps getting better and better. take care man and be blessed always. showing love from detroit!
Respect for giving out the info upfront. Beautiful car enjoy it in good health!
camera guy breathing into the mic 🤣🤣
right like wth
Camera woman
That’s awesome Will, you’re blessed. Thanks for the motivation brother
Your perspective is organic! I am glad I clicked on the video! Continued Blessings and Prosperity!
Awsome car buddy! Congrats dude. Love the red interior. Be safe in that car. As someone who owns a few sports cars I know it's easy to drive a little crazy from time to time so I hope you stay safe bc a lot of people love you and depend on you. Cheers brother.
Thanks bro
Really nice spec. I hope you keep it as is. I added an SF90 in January and I originally wanted to wide body it, but man, stock is really where it's at. I haven't even tinted it.
No tint… eeeee
I don't think I could stomach a 5k payment. I paid cash for my Ferrari 458 and that made the ownership experience extra nice. At least you can sell your other ride and pay it off if you want. Sweet ride with an awesome color combo. I hope you enjoy it and stay safe.
Paid cash for my (used) Porsche Cayenne. It's nice having a car payment, and it's more of a joy to drive without worrying about a payment.
I undstand where you're coming from, but it's no way I'd pay cash for that lvl of car when I'm getting 50%+ per year on my money.
Unfortunately it’s not my stomach that is stopping me 😂.
That’s a beautiful machine for sure.
Assalamu Alaikum, Brother I been watching your videos from the time you had the Huracan 570 and It's always good to see you get a New whip,
Congregations brother
Congrats brother, huge motivation. I hope to get there real soon!
Black and Red, such a beautiful combo. Grats on the new whip Will.
I would be so worried about people scratching the paintwork out of jealousy. Here in Minnesota you just can’t have anything nice without idiots ruining it. Lucky for me I always have the option to go back to the UK where people appreciate cars like that. What a beautiful work of art that prancing horse is. Congrats.
He’s in Cleveland. That car new, cost more than his house. It’s only a lease . His insurance payment is more than his house payment! He will return that car in a few months. 🤦🏼♀️🤦🏼♀️🤦🏼♀️
im from the UK i thought it was the other way around.
@@bigal2417 What do you mean? It’s like buying an Aston Martin when you pay rent in the West End. 🤦🏼♀️🤷🏿♂️
@bb-iq6qw I mean I thought in the UK you would get jealousy and people would scratch your car. In the USA I thought they never had the jealousy there. Think about what I write before you reply 🍺
@@bigal2417 Poverty is the same all over the world.
Beautiful ride Will. Enjoy it. Embrace the hate because most of those people most likely will never be in your position, and its not because it's not possible for them too. It's because by their own judgement of you, they've judged and doomed themselves to a mediocre existence with that mentality.
Sell that Ferrari Tributo, pay that beautiful F8 off and your set brother! Keep spreading that knowledge and positivity!
I'm always a fan of your videos and deeply appreciate your financial transparency. Thanks for the motivation!!
When Darth Vader is the cameraman! Lol. Its all love bro. Such a beautiful car!!!
I was a little worried myself......hope he is ok...
Great info, Will! I paid cash for my last rental property and I use the cashflow to pay my AMG GTS loan. Instead of all my cash being in a depreciating car, it's in an appreciating house, and I still get the car! Real estate is a powerful thing.
Exactly my friend 👌🏾
Soooo you bought a house to buy a car? That’s like a girl turning tricks for drugs. You should invest in college level math course. 🤦🏼♀️🤦🏼♀️🤦🏼♀️ When the tenants can’t pay, you lose the house and the car. Mercedes/Pimp adores you!😜
@@bb-iq6qwthe house is paid off genius lol worst case scenario no occupancy he can cash out and relocate somewhere else where there's demand for rental. The man is ahead of you son! He owns the house, not the bank's house!
@@alwaysdriven Wow,all that to buy/rent a car he can’t afford. The house is NOT paid for. Better to stay in your place and get a Toyota.🤦🏼♀️
@@WillMotivation that's why so many NBA players are broke. They don't have money smarts
Great work my brother. Live your life. Nice car. Be safe out there!! Congratulations sir!! Keep winning on your terms!! If you can do it, I can do it too. Thank you for sharing.
Subscribed. Appreciate the straight the point and no bs video.
I could never put that much money into a car even if I was a billionaire. But I’m glad people buy them so I can see them at the car shows.
Actually, older exotic cars, appreciate a lot.. they are great investments. For example a Ferrari 360 coudl be bought under $60K several years ago, and now sell for North of $80k.
When you are a real billionaire you’ll definitely think differently, you’ll enjoy all the luxuries before you go 6 feet under empty handed
As someone who loves Euro cars, I get the part about not putting all the money down to lower the payment and keeping money for a rainy day fund - darn things are alway breaking and dealers always find an excuse to not cover it all under warranty 😂
Much love on the amazing work, proud of you my man! PS, under armor should give you som green cash on marketing those hoodies.
That would be cool! 😎
Quite the entrepreneur you are Will. I'm envious of your awesome supercar purchases. Its great to see young men from a humble beginning being successful in life. The main stream media paints the total opposite picture unfortunately, so its good to post videos like this. Some supercars are better than others for investment The Ford GT's are a good investment (if you could've gotten new). There are some others that (if you can buy new from the dealer), you can drive for 10-12 months and easily sell for a 25+% profit afterward
You got it
Just an FYI.. you said you wouldn't be paying that much interest because you would only be paying on the car for 3 months. Except pretty much all of that $13.2k will have been interest, as that's how finance loans are structured. Early on, most of the payments are interest, and later on most of your payments go towards the principal.
He deserves all respect. One of the few guys who pronounce Gallardo correctly.
I appreciate your content and how humble you are about your beginnings! God bless!!
Thank you
holy crap!! this made me feel better about my purchase!! im paying 511 on my 2023 tacoma and i can do so much things with it and not worry about lil potholes, can go off road, carry loads of rock/lumber/tools, go camping, hunting, move furniture/appliances, and more! thanks for putting in some perspective i was worried im paying too much and now i know i made a good decision.
We believe you Will, even without showing the documents. Btw: that F8 is truly beautiful.
Will I have been rocking with you since you were back in the other house. Dropped in to check on you bro. Ferrari is a flex bro. Love it. Glad you got rid of that Raptor 😉
Welcome back
Congratulations my brother we taking notes.Much respect for you👊
As a fellow software engineer, what you’re doing is incredibly motivating! I appreciate the content!
Sure, leasing cars you can’t afford to get RUclips views and then sell it in a few months in Ohio is why most people become software engineers, right? 😂😂😂How are you motivated by fake videos?🤦🏼♀️ He literally set up a fake company to lease/rent cars. Notice the “other” Ferrari was missing….🤦🏼♀️I’m waiting for a girl to call herself Sally Satisfaction to show women how she gets boyfriends.😜
Going into about 400k on a vehicle is motivating? Wow! America is in serious trouble!
@@PAIDFOR50 Nah, just the fantasy world of RUclips. Motivation would be if this guy could get out of Ohio.😂
@@bb-iq6qw LoL, Ohio Sucks!
You seem as smart as he is. Just let time tell. Watch what happens with the economy in the next 6 to 12 months. Take a screen shot of this message so you remember. Then look up the value of that car in 1 year. This is not the time to flip cars or houses unless you are very wealthy and just bored.
What I love about this guy is the discipline to live in that entry level neighborhood while investing his cashflow in other endeavors. Many of my peers can’t pull it off as Will does. I, personally, couldn’t make those sacrifices. All I’d see is cheap vinyl siding for days and it would make me sell my cars to get into a better neighborhood.
I noticed the neighborhood as well, somewhat of a middle class neighborhood, but not elite, where it would be gated and you wouldn't see your neighbor for at least 1 kilometer... Good Catch
Vinyl siding? Entry level neighborhood? Bro
@@WillMotivation hes so out of touch
See. Proof that hard work and smart investing can lead to wealth. Great work Will.
That’s really cool u shared that person information✌🏽
Camera person heard that 5k monthly payment and instantly needs an asthma inhaler!
When I bought my Ferrari 10 years ago the dealer tried to get me to finance it and when that was dismissed a lease program was suggested. I couldn't imagine buying a car like this and financing the purchase.
You can't afford a car like this if you have to finance it. You are correct sir.
This seems silly. If paying with your money makes you happy or proud to be able to do that then you should. Or if your money is earning less than what they are charging to use their money. If your money is working harder for you than they are charging to use theirs, then financing makes sense. If you get 10% and they charge 5% you're still coming out 5% ahead. If you get 20% and they get 10% you're 10 ahead. If you don't care either way than do what makes you happy.
@@bblass82 You are not taking into account the depreciation, insurance, and maintenance costs.
You have to pay that either way
I never dreamed anyone would ever finance a car like this. Seems like a Ferrari owner should have about ten million in cash. I could not enjoy a car if I was making a payment. I appreciate the gentleman’s honesty. To each their own. God bless.
Your video popped into my feed, and I was going to hate, but if you have the money, and can afford it, congratulations. I happy for you.
🤣 thanks
Awesome video! Thanks William!
you are my motivation i hope i become like you one day im only 21 yrs and im just starting out with section 8 rentals
Keep going
I bought a multi in Connecticut (three units) that cash flows enough to carry the debt and leave me enough for a 911 Turbo payment (purchase, not lease). Yes, I put a ton of $$ on the building but that $$ came from a RE investment that I sold via a 1031 Exchange (tax deferred capital gains and depreciation recapture). The idea here is hold off on the toys for a bit while you put your hard earned $$ to work for a couple of years. The rewards can be pretty sweet and it really isn't all that hard (!). Honestly, it can be boringly easy. No joke.
Help me get rich
Ok James you're genuine but he's a fake that agreement if you zoom in on will definitely prove that it's not a purchase contract but rather a rental deed
Wanna bet?
@@WillMotivation why don't you show us your diploma...what university you graduated from..tell me technical info like how many programming languages you know once you that I ask you to write a simple program..plz scan your documents clearly
I paid all cash for my 2022 Subaru Crosstrek Limited. Runs great. No $5000 monthly payment for me 🙂
Outback for me.....
Someone like myself down here at the bottom looking up at the top really appreciates your vids, man. Hope I can get there someday. Gotta learn to apply myself though.
Just ask questions
My gosh, that's a mortgage payment for a $600K home.
But you if you could afford it, great man! Congrats on your purchase of a beautiful F8. It's a dream for most people.
Thanks bro
Did you hire Darth Vader to do your camera work Will? As soon as the video started I was WTF sounds like an air intake system 🤔 oh it’s the camera guy breathing next to the microphone 🤦🏻♂️
I really like your videos. I’m learning stuff from them. Keep up the good work.
Thanks bro I appreciate that comment
living the dream my brother!! Gratz to you for being an intelligent person 🙂Proud of you!
That actually didn't seem that bad for what it is. Keep up that good work bro
Thanks bro
If I can't afford to buy five of these in cash, I'm not buying it. I'll be dammed if I would have a payment book on it.😂
As an accountant I am always eager to hear other's financial strategies.
I must ask, do you have your real estate business set up as an LLC? When you were talking around 4:50 about the car loan term length details that you like to have the longest term possible, this would show that you have another liability when you go to apply for a mortgage.
Was looking to see your perspective on how owning/paying for an exotic car impacts your mortgage shopping process.
I have the mortgages under my business name as well as the car loan under a different business . I back them up each personally but they don’t affect my credit
Congratulations 🍾🎉 I almost bought a Aston DB9 a couple months ago got my 07 Stang Gt premier convertible instead struck on it low ! But being Italian i gotta say salute baller!
“I’m only going to have this payment 3-4 months”. Famous last words… 😂
Ha
Will please drop the knowledge on why you put the car in your company name verses your name and how that benefits you from a tax and credit perspective. Thanks for sharing your toys with us as always.
You definitely seem humble and that is a great thing. Keep making that paper.
Hey Will M. great review of the COST paradigm on that '23 Ferrari model. Really appreciate you mentioning the vehicle insurance at the end because that was our first inquiry. So definitely look forward to that further insight. Question ❓ what is the WARRANTY parameters on a NEW $400K+ Italian exotic ?!? BTW - Have you spoken to Mike Autovlog recently ? Many Thanks Yo ! 🔜. 🚘🔍
Yep just talked to him a few days ago. We are planing a collab
I got to give you props Bro. Congratulations. You showed something in Your Name. No Smoke and Mirrors. No rental Fluff. Giving Us the Real scoop on what it takes to drive a High Class Ride.
Thanks
@@WillMotivation Next show Us that Insurance Bill. LOL😄😄😄😄
Your story is amazing…I like people that think that everything is possible…
How can anyone even hate but appreciate this man’s hustle. Salute
I think it’s the wind noise from the phone.
Thanks bro
"The cheddar breed jealousy..." The Notorious B.I.G
Love how you put it in the channel’s name so you can write it off.
The kicker, what does insurance payments look like when you got it like that? That plus the $5000 car note itself? Looking at what like $7,000-$8,000 a month
Ok I’ll do a video on ot
As always, Will keeps it real!👍✌️😎
Man the monthly cost of that Ferrari is the same as the monthly mortgage on a $900,000 house!!! 😱
Yup. Exotic cars are one of the worst purchases someone can do.
@@zarbon700 Lol depends on the car but generally you're right.
@@zarbon700depends where ur priorities lie. If you’re into cars like that it’s the best purchase you can do.
@@kvibeats1512 considering America is in trouble and looking at another recession (officially this time), it's not but then again, this guy doesn't work for this. He's a landlord.
@@BleedForTheWorld no, it is. If this is his priority than it is.
Awesome video Will, that car has some real fine lines.
I have a great idea for a website that I thought about like 10-15 years ago and am still surprised nobody has made it happen, a word I think of when thinking of my idea is disruptor. It would really change the ecosystem of a whole community and I don't understand how it's not happened yet. This idea is way outside of my scope of knowledge though, where would you suggest someone start on a project like this and not get burnt while trying to make the idea happen?
Yep do it or try to patent it
Good info great video keep the Motivation coming
It’s an amazing car. Congrats on your hard work and achievements. I think I’d have to have at least 5M of disposable income to be able to justify that kind of bill on a car. Otherwise I think I could just rent a Ferrari for a day or 2 and be happy.
Thank you for the video, that is a beautiful car. The key to this video would have been to tell us how much money you owe when the balloon becomes due and if there is a penalty for prepaying on the 60 month note. If in theory you really paid $60k down and you pay $267k for the full term of the loan, you've $327k for the $420k sticker price. The reason you probably don't tell your viewers how much the balloon and/or prepayment penalty is because they would be scratching their heads as to why you paid so much over sticker for this car. My guess is you have pay $250k or more when the ballon becomes due. At that rate, you're paying about $580k (plus tax which is probably over $60k) and likely paying waaaaaaay over $600k for a $420k car. Not sure how that is a fiscal win. Better yet, prove me wrong and tell us. Also, please make a follow-up video and tell us how much one could expect to pay for maintenance costs for this car. 😱😱😱😱😱😱 There's a reason why most of these cars for sale have such low miles. Enjoy your new ride.
I mentioned the the balance was due, whatever that is after the 74 months. The reason I did not focus or even remember that number is becuase I have ZERO plans to keep this loan longer than 2 or 3 months. I'd refinance it before I would keep it. It's a bad loan if you were to keep it to full term for sure, no argument from me on that as I said in the video. As for the maintenance costs, the car has 7 years of free maintenance from Ferrari, so that would be a $0.00 cost :)
Props man you clearly work hard for what you get. Recently got my life back on track and if this ain't me within the next decade I've failed!
I'm in the $10M+ club and I am nowhere near able to buy a $400k car 😂.
My $2.5M 8,000 sq/ft house is paid off. If you have less than $40M in assets, you're a fuh 🤴 fool if you spend $400k on a car
You will succeed.
You will get what you want. 👍🏽
@@yourlogicalnightmare1014 what.. if you enjoy cars?
I don't want an 8000sq ft home, my 4500sq ft is bigger than I'd like. I literally use a bathroom, kitchen, office and bedroom and the rest of it is useless to me.
@@yourlogicalnightmare1014 I also don't believe that you have anywhere near the amount of cash you brag about.
Checked your channel. All you do is brag. You are the least humble rich person if you really are, which is why I doubt you are.
Money can't buy character, I guess.
@@superdude7459 Appreciate ya brother, hope life treats you good. Respect!
Amazing car but gotta invest in a microphone that has a windshield!! Keep up the amazing work!
Good for you, smart man... enjoy life and don't forget to be Kind
I love this comment. Thank you. I appreciate that. Best advice I’ve heard all day.
@@WillMotivation Kindness heals the Heart
@@WillMotivation which is more fun to drive the Hellcat in the garage or the new Ferrari
@@WillMotivation My boi how can the car cost more than the crib? Awkward flex
Even if I am in a position to buy car like this, I refuse 😂😂
Hey Will if you stretch out the term on a loan wouldn’t you be paying more interest at the end?
When it comes to loan terms I always say
For the shorter terms
Pay more now, pay less later
For longer terms
Pay less now, pay more later(in interest)
He won't in the end, Jeff because he always pay them off within a year he goes for the stretched payment until his "Flip/real estate investment" deal goes through. Look at all his previous videos
Yep. This. Essentially.
Your videos are awesome, 1 word of advice. Get a wireless mic. We can hear your cameraman breathing heavy. Good stuff though and thank you
But the other important question..
Your monthly payment how much is insurance taken out. That's got to be a big good pretty penny on top of that too for that ride
What you just described on the payment layout sounds exactly like a lease. If you lease the vehicle for 48 months, if you want to keep the vehicle, then you pay the remaining residual balance to officially own the vehicle. If not, the vehicle is returned to the manufacture/dealership.
Only that it’s financed so you have a bit more flexibility in a sell scenario
@@WillMotivation Thanks i appreciate your feedback.
@Bama Hammer
I think that is called a ballon loan
@turnne I agree. A lease is a deritivitive of a balloon payment. Personally, I would never sign a balloon contract on a house or a car because the market can change at any time, forcing you to pay a higher interest rate.
@@bamahammer3660 Except on a balloon you own the car...Its not a turn in situation like a lease
Will; How much is the insurance on these type of cars per year? Thanks
15K annually
I’ll make a video
Thank you for the video.
What is the ballon payment at the end of 60 months? What is the APR?
10% and like $260k. It’s a temp deal
Wish i could do what you do, but im broke. Id love to learn. Awesome video 💯. Liked & subscribed!
Will, we love these honest finance numbers. Thanks
I would be crying every time the payment was due. 😭
Just postpone it
He is too!
Not if you made $10k a week.
Hey if want to make Ferrari rich, please do.
Not to mention the maintenance costs.
Can you make a video on how much you cashflow on your rentals and how do you analize rentals.
Sure
Much Love, Great Life Plan!
This man is living the dream. Congrats on all that you do brother!
Right on love it up pal I had a friend who paid on pain for what little was taken from him
REAL Motivation here.. unlike that FRAUD Mr Organik..... Keep, keepin it real Will. U rock.
That’s my guy 😆
Wireless lapel mic, homie. Improve that audio quality. Sickkkk ride and great insights.
Damn homie got Darth Vader as a camera man!?😂
Sweet ride👍
That is a sick car! Congratulations. I would buy a farm instead
So happy for you! You are proof that if you work hard, no woke nonsense of so-called “Systemic Racism,” can stop you from achieving. You deserve all the success and enjoyment from what you achieved. God bless.
So, one African American buys a ferrari, and that means there is no systemic racism? I guess because you ate today there is no hunger problem in the U.S.? SMH! 🤪
@@wednus1 Almost every major corporation, the government, and most major colleges have discriminatory policies AGAINST whites, so yes there is systemic racism.
@@wednus1 to use your analogy…what I am saying is that if I ate today that means there is no “Systemic Hunger.’’ Hunger exists but if I work hard and make good decisions, I can find a way to eat.
Wow, never thought about balloon payment as way to offset sale of car at life end/or if you want to keep. Good way to look at it.
Nice to see someone that understands. No worries you will be fine with ur thinking.
Is your cameraman under water bro?
Thank you for giving us a glimpse into your finances, however, I’d much rather you do a video of you and your car ripping around a racetrack such as VIR, Sebring, Laguna Seca, etc. 💪💪
You know you're money when Darth Vader is running your camera.
👊
Thank you for making me appreciate that I have absolutely positively no need for a $5,000 a month payment no matter WTH it is. People, be financially smart, don't spend $450,000 on a car no matter how tempting. Aquire assets not liabilities!
But after you have all of those assets….you’ll wanna spend it on a few things that’s not an investment. .
What are you some financial genius? I understand your under the impression your comment has some intellectual merit, but your just regurgitating rhetoric
@@Piper-Down-EZ Ohh look a Karen!
You’re the Karen hahaha and how is my new Ferrari not an asset? It’s worth $100k more than I paid forbit
Watch this ruclips.net/video/F21LX3WSYr0/видео.html