How To Buy A MK5 Toyota Supra
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- Опубликовано: 29 авг 2024
- How to Get Ready and Buy a Toyota mk5 supra. I break down my pathway that I used and hopefully it helps you in getting your supra! I go over Financing, Tier credit, Regular credit, How to build credit, Monthly payments, and how to afford a supra. Thanks!
![Building a 2020 Toyota Supra GR in 16 Minutes! [COMPLETE TRANSFORMATION]](http://i.ytimg.com/vi/eTnu9ml0mSg/mqdefault.jpg)
He put $0 down on a $64,468.65 car loan. His car loan is 5.495% for 84 months. He will be paying $13,337.19 in interest over the course of the loan. Do NOT take any financial advice from this guy.
that 64,468 invested into my apartment over the last 2 years has made over $80,000 for me.....so how is $13k more than $80k?
Gottemmmmm 🤣🤣
@@Gabe_Ortega some people will judge you without knowing to little information. nice supra btw!
@@Gabe_Ortega this doesnt make sense
@@rayplaysgames_RPGThe trick is to buy expensive sh*t and make YT videos on it to pay back your loan. Pretty simple to understand.
Being 29 myself I really respect the overall point of this video. You don’t get these nice toys without sacrificing. Breaking down how you went from a mechanic, invested into passive income should really make some of these younger people watching this video pause on living check to check so they can make better choices.
If my 18 year old self could have watch this, I would probly be 10 times bigger then where I'm at now.
@@Gabe_Ortega I’m 20 what’s the best credit card?
A lot of them don’t have a choice
At 8:36 it is probably the most realist advice I have ever heard in my life, that is so true. If you can do a “test run” per say of what it would be to own it and see you can do without that amount with current expenses you’re good.
Thanks for that brother, I never actually thought it like that.
Im glad you liked it! thanks
Im 29 myself turning 30 Nov of this year and bro our generation is the BEST lol keep up the good work
Everything you said really opened up the quality of life changes I have to do to afford one. every single thing I’m gonna listen too! Thank you for the ideas, costs, and suggestions!
im glad you got somthing out of this video, that was my goal thanks!
I'm at 673 on my credit score right now I'm just finishing paying my 2018 Nissan rogue and I'm going for this supra has always been my dream car to have a supra and I've seen it getting close
If you qualify for a 2.0 Supra only, you may want to wait until your credit rises.
I bought a base 2.0L supra (no options) that was marked down at dealership brand new. Its crazy how much cheaper that car was compared to yours. Of course it can`t compare to the 3.0L in power or sound. I think people forget the "Mk5" starts at around 43k.The other week I saw a dealership marking them down to 41k brand new. Ended up selling mine because I got a offer more than I paid for it.
im a big 4 cylinder guy, i debating on getting the 2.0 just because it was a 4 cylinder lol
What dealership was that, if you don’t mind me asking?
What dealership? lol
They likely can’t give the 2.0’s away so definitely a good trim level to get if you really want this model. Just don’t let anyone hear the exhaust or look under the hood lol
This was really humble and really enlightening. Thank you bro
With no refinance, excellent credit , 20 years old, my 2022 gr Supra 3.0 after 7 years with financing will cost $90,000 after mark up and interest
Yeah man. I'd wait for better incentives and for the supply of cars to rebound. That'll bring down the prices alot
This kinda makes me laugh (out of frustration with the market) as an old person. 780 credit score, home income of over 500k/yr, dual income no kids, no debts other than mortgage and other car payment ('20 M4 CS, bought new, 108k sticker). I still can't get a Supra, because banks are so gun shy right now AND dealerships are insanely greedy. Registering new cars and then selling them as "used" with 150 miles on them for 10-15k above sticker. Literally was turned down on Monday for a Red 3.0 Premium/Manual in Staton Island because they want 15k down. For a Supra. A not at all expensive car for someone that's 40 and has the income I do. I can go down to a Chevrolet dealership right now and order a '24 ZL1 Convertible w/ manual, a more expensive car and have zero issues.
Never in my life have I put down, or needed to put down money on any car, and for the last 8 years, all of them have been far more expensive than the Supra. Market is so eff'ed right now it's not even funny.
f them dealerships.
I just purchased a 2022 3.0. I'm in it 800 a month. These are fun cars.
How much is the insurance
@@AmazingSportMoments Prob 300.
rental properties have been a huge goal of mine since i was a teen. Hopefully the market corrects itself just a bit haha
100% I stopped buying since everything got out of hand. And just started to focus on upgrading and remodeling what I have to increase the rents.
this is great video, if you live pay check to paycheck you shouldnt be looking into expensive car payments, there are so many factors that can screw you up financially that you should always have some savings in case of emergencies or what not, I currently own an R35 and as much as i wanted one years ago, i didnt get on till i was able to put 30k down so my payments were low enough to have extra money to play with and it paid off, sometimes you just need to save and wait for the right moment instead of impulse buying.
Thank you, Gabe, for sharing the BRRR Strategy for gaining financial freedom. | had not heard of it before. There is a wealth of financial wisdom in this video!
There 1000s of ways to invest in real estate..this has been far the best way in my opinion.
I’m 26 with a 2023 Supra manual and a 2019 86 trd I financed less than a month ago, put 5k down but make 180k a year in cali and have a 2700 a month house in Anaheim
I'm a big fan of the Supra; thanks for sharing! One of the important lessons I've learned in life is that you can't make everyone happy. So go ahead and post your video; perhaps it will offer that valuable insight some young person out there is seeking. 🤘
As a real estate and BMW/DSM guy I must subscribe lol
I'm so undecided between buying a rental property now and waiting 2 years for a supra or buying a supra now and waiting two years for a rental. Obviously the rental is much better idea but I want a supra now!
Ill tell you this.. I am so glad that I waited. because i waited the property could technically pay for 3 supra's. Obviously i would never do that lol but just gives you an idea of what COULD happened if you choose a rental property 1st.
this guys is so funny and engagement was top tier just like his credit
You should do more videos of real estate and how you started. Im intrigued. Amazing car btw!
Thanks I appreciate it
Sick video man. Buying a supra in a week :). 2023 3.0, lets gooooo!!! I love that it has the bmw shifter. I don't like paddle shifters and only bmw/dodge do the shifter right :).
literally living my dream life, show me the ways 🥺
I could 100% afford the payment if I get this new marketing job. $34/hr. I already have a good down-payment which I'll probably use to pay the first 7 months of the car note. So as long as I don't get fired from that new gig I'd be cruising
I got lucky I got the launch edition 10 down on low credit no cosign and I pay like 980 a month and I love this car don't regret any part of like every single day since I got the car where ever I go people constantly asking and yelling at my car lol I love it
Started watching this video and thought this foodsl was wack...at the end I was like, he's actually Pretty smart... And I like his style.
Appreciate the feed back!
Congrats to retiring at 29 my friend.
Thanks, hope I can share it with others
Hello bro I just found this video cause I want to know on how to buy a Supra an I’m happy that this video pop up. An your advice really helps I’m gonna start doing this cause I’m a believer an also a dooer meaning if I’m gonna do it I will 😂 but also the honesty is what got my attention an I said yep I’m subbing an liking the video
I qualified as a Volkswagen Mechanic in Australia after a 4 year apprenticeship and left 6 months after.. This was in 2013 I was making about $1100 a week after tax give or take and there was no over time it was a straight 38 hours touching chemicals, doing hearing damage, and being treated like a monkey.... Would I do it all again? Yes because it gave me the cert to hang on the wall and the know how to fix cars..... I am now paying off my 2 bed, 2 bath, 2 space garage apartment and working as a Heavy Combination driver (CDL) at 36 doing $1500 a week without sweating and can do up towards $2500 a week after tax if I work 6 days a week smashing 13 hour days 12 hours paid.......And that is the big difference.... Getting a job you like at the very least if not love and also getting a job that pays decent WITH O.T. opportunities... O.T. is where people make that kachinga....
Congrats on the Supra mate. Makes me miss my 330rwhp 180sx...Oneday I will get me a supra, was stoked seeing the 6 speed manual released. If you ask me I do not buy anything till I have the cash saved but that is me and different strokes for different folks.
Wonderful man. It's worth the sacrifice
I subscribed cause if goes transparent you really are. Truly appreciate the honesty 🙏🏾🙏🏾
Thanks!
I love a good supra video but what really made me watch til the end was all the knowledge you had to share. Would you ever make a video on explaining the numbers for investing in rental properties? I’m 21 and I’ve saved up 35k but I don’t understand how to make a profit on rental properties while paying off a mortgage.
I would love to make a better detailed video.knowing the numbers on a property is absolutely the most important part. Great job so far!
Thank you🙏🔥
Not sure what you mean by not sure how to make a profit but realize when you rent out your property it'll be, should be, at a higher price vs your mortgage. Ideally a few hundred more than your mortgage is what you would charge your tenants. Presuming you don't have a property manager, you can pocket more of the rent and do what you will with it, pay off the rental property mortgage sooner, or save it, or whatever. Pretty basic. I just always worry about bad tenants who steal or damage the property, but that's the risk you take.
@@ReticentIndignation well, yes. I understand that rent will be higher than my mortgage. But I’m wondering how much money is too much to put into a home as far as down payment & renovation costs. I know it varies but that’s why I was inquiring for some insight from a person with success in real estate.🙂
I should’ve been more specific in the original comment.
Hellyeah bro it's awesome to see someone from where we're at making RUclips content buddy keep it up
The actual way to finance a Supra with $0 down is to get a high-paying job and invest first!
Brother this is an amazing breakdown. Frankly, the idea of real estate is great! You know what? Thank you for your content. I’m on the path to buy one soon. Also if you could teach or elaborate more on your rental properties. How it started and what properties to buy ? Thanks again brother!
I will make some videos best of luck on your journey! Thanks :D
That type of stuff I would say is very dependent on your area. ie the demographics and what’s usually sells around your given area
If you don't own a home, you have no business paying 1k a month on a car. His advice is sound because he sacrificed a lot to get to where he is. I see so many kids driving nice cars while living at home with their parents.
dont know about that, i went from a mitsubishi eclipse 7k in college > 34k nismo 370z 1 year after college > 70k used 14' GTR (before the dealer mark ups during covid) 2 years after college. I had low 700s. Its all about that debt to income ratio too
The easy thing to remember is, with auto financing, they will sell to anyone they can. If your credit is subpar, they will kill you with interest but you can still get financed. If you have a reasonable debt to income ratio and a score of 700 and above, you will get better rates. Longer terms means higher rates also. If you can afford monthly payments without putting down a deposit, go for it. No need to throw a big chunk of money down on something that loses its value so easily.
Agree with you 100% nicely said
@@Gabe_Ortega Thank you sir, keep up the fantastic content.
I like how you was transparent nothing is free 💯
this video gave me motivation to get up and start making money
That was my goal. Do something everyday that gets you closer to your goal
LOVED THE PAUSE FOR SUPRA NOISES :D
The 18 year old me would finance this car at 20% for 80 months.
The 40 year old me would invest in an appreciating asset.
I have NEVER seem a video like this, I AM going to make it up there too bro! See ya at the top!
For the young guys out there - If you can’t pay 30-50% down up front on this level of MSRP (and up) don’t even bother.
Not at these rates, you’re just damaging your ability to own a home someday. You are welcome guys, make educated decisions
I had to decrease my expenses for my hellcat but it’s worth it, looking to trade for a Supra
It’s not hard I did it at 21 years old. Crazy what good credit does.
Credit helps, some cases it's better than money
Respect what u did bro!!
thank you Glad you enjoyed it
He really did provide so much value!Great advice. Especially since he purchased the vehicle after investments. What car insurance do you Recommend for a Supra?
The cheapest one you can find. 2 different insurance companies will offer the same coverage but way different prices.
Man... even 4cyl Supra will suffice but dealerships still skyrocketing the prices
they all will, very raley do I ever see any dealership selling a car at msrp.
THIS GOT ME HYPED!
I love ur energy!! Amazing video man!
Supra sounds sick!
Thanks! Out of all the exhaust for the supra, boostlogic is the best...but I'm biased lol
The real tip is not to buy a new one cause the second you drive it on the road, it will be worth 25% less than msrp, but youll still be paying for the new price $1000 a month.
correct, 10% off right when you drive off the lot.
@@Gabe_Ortega I bought a Golf R £20k less than msrp that was only 5 months old & had 1200 miles on it 7 because of the current financial situation & the price of 2nd hand cars, after 4 years & 26000 miles I sold it for only £3500 less than I paid for it. Supras will hold some value, especially the manuals.
I’m 21 and feel like I’m wasting time but I don’t know where or how to start. Feels bad
Everyone starts somewhere, watch more video and read some books.
Join military
Can’t decide between absolute zero, nocturnal black or stratosphere blue.. they all look good in different ways
The blue is sick...but you can't go wrong with black
@@Gabe_Ortega The black A90s definitely look the meanest 😈😈
Loving the videos with supra !!
Thanks!
Well hopefully I’ll be able to buy a Supra sometime this year. I will be selling my z and getting a part time job after my day shift.
If you want it bad enough you'll do what it takes. Z are pretty cool
Genuine Guy good for you
Thanks for the information to pass onto people on how to do it.
Thanks for checking it out
The right way is to have 300k saved up. If the car is worth around 100k have 3 times that to be on the safe side. I can but gonna buy rental properties instead i had 2 mk4 supras before
Mk4 would have been the dream..but we all gotta start somewhere
@Gabe Ortega sold mines i regret it so bad. I miss it. Noww they are super expensive mines was 98 tt manual for 35k back then
supra is my first car lol probably not the best choice but hey i bought one lol with 1.5k down no credit history at all lol 7.14 interest rate even the dealership was like what the F
Better than 25% lol 😂
i wish i saw this video before buying mine.
great video man ❤️
Appreciate it
It’s called “House flipping” ❤
Kinda...I won't ever sell any of my properties.. I "flip" them to the bank so I can still keep them and get my money out and do it again.
Do you think that now is a good time to buy a new car with the shape of the market right now? I feel like I keep hearing everyone talk about how expensive everything is, high interest rates, dealer markups, and inflation.
No, the market is coming and within a few months will most likely be stable. You'll Dave around 5-6k if you wait till sometime by next year I'm sure.
This Toyota looks somehow like the Datsun 280 Z from the 70's.
I could easily afford it just bought my can-am it was 36k and paying $2500 a month on it and get it paid off in 1 year only got 30k
left no bullshit that way all have it paid off in one year and they don't hit me with 10k in interest 💯
Nice $2500 a month is Lambo money. I don't think even I would spend that much but you did great on getting the interest down
@@Gabe_Ortegayeah bro all be happy when it's paid off around this time next year then all own it maybe all get a nissan gtr next or cts-v or the 2023 corvette Zo6 0-60 time is 2.6 seconds with 670hp so many options out there all have to wait and see what I want to get but can't wait tell you get that Lamborghini ur gonna get it it's just a matter of time 💯
My friend is trying to sell me his 21 3.0 premium for 50k he said he has 10k worth of mods if that matters, mods are like mainly interior carbon fiber, and exhaust, down pipe and carbon fiber on engine, etc, interior lighting, new wheels, and he is giving me all his old oem stuff and it has 20k miles so idk if it’s a good deal
I was paying 944 for a gr86 for seven years and 160 for insurance 🥲 the car is now a total loss…
The 86 is a pretty sweet car tho
I live in Thailand, the base model 2.0L cost 148k USD lmao. Can’t get nice stuff here
thanks bro nice advice
Cool and inspiring video!
I just can't justify the 13,000 in interest. The real estate market in Seattle is fucking brutal.
me either, i don't intend on paying that much in interest.
Damn...I might need to get into rental properties...I've been leery of them due to the responsibilities that come with them and choosing tenants and I'm risk averse, but it always seems like a good idea to get that passive income...damn wish I'd started sooner.
Do you utilize a property manager or manage your rentals yourself?
I manage all of them myself...that's why it's "not so passive" for me. But I enjoy doing it and wouldn't want someone else to do it for me
@@Gabe_Ortega Your own boss, it's something wonderful you don't understand unless you've worked for the man for years, decades. Wishing I could be my own boss at this point in my life. Thanks for the response.
Tbh I don’t even think I’ve started my credit lol I’m 20 🤣 butt I’m really considering working at oil rigs so I can make 3-5k a month and get oneeee but I love working out heavy as well so idk if it’ll affect that
And don't forget to find out what your auto insurance will cost. It can destroy your hope for a new Supra.
I definitely need to get into Real estate but not sure of the process like how much money to start off with I'm here in az don't know a lot of people and I also have 21 supra and 22 gr86 and also trying to get my RUclips channel to grow but yea definitely like the info on the videos it's good Content
Great choice of cars! I started with seller financing and rolled out from there. Best way to get into a property with little to no money.
@@Gabe_Ortega nice I'll look into that I do appreciate it
@@Gabe_Ortega Gabe , i would like to hear more about your real estate success. Any chance I can DM you? I'm your age 29 and have a decent amount saved for investment purposes.
Awesome video
Hey Gabe I Just came across your channel this month and have been watching your videos. I work as a lube tech right now and I’m tryna have the financial freedom life you have. If possible I can work for you and learn how you do it and you don’t even have to pay me.
Im happy to hear you know what financial freedom is..it's so sad that they didn't teach this in schools. I'll be posting alot more videos on topics like this in 2023.. how I learned in the beginning is I watched more RUclips videos about financial freedom than you can imagine..I recommend doing the same.
Why do people speak it “Em Kay” and not mark? Is spoken mark.
Rolls off the tongue better...and I studder lol 🤣
Hello, how can i contact you about the product sponsorship?
Sheesh can you get this car if i had a 58k loan and I had it for a minute and I had to give it back up cause life situation can I get a supra maybe in a year or 2
So I got a loan on my 22 si, after I pay it off I can get a bigger loan? To work towards my supra?
More than likely. Paying off a auto loan shows the banks you can get a loan and pay it off. Alot of other factors of course gose into it. Might as well try
Greeting from New Mexico! I saw your comment on the Bigger pockets podcast and thought id check in. My journey is very similar to yours. I was a mechanic, im a drifter and i invest in real estate and im only a state away lol. How is everything going since quitting your job? Id love to chat. Do you have an intsagram?
Man that's awesome! Last 1.5+ years of quiting, iv had so much time to focus on what's important. Cash flow grew, net worth grew, more rehabs get done, I enjoy my day...but it's not all roses and sunshines lol I do work more than ever but it's on stuff I want to do. 1000% I'll be making an Instagram soon(been saying that for over 2 years lol)
Hey boss man. I’m 19 and new to this credit card stuff. You mean to say that my discover credit card is not a real credit card? Yea it’s got a 1k limit. Am I even building credit history with this stuff? I always keep it 10% percent at the end of the month.
Moreover, my brother and I share a joint Apple Card credit. But does his poor credit card behavior reflect on me? I always cover my spendings on the card at the end of each month.
Yes his bad credit will affect yours. And secured credit cards do help build credit but your Borrowing from yourself. And there not an "actual" credit card.
Dude never fucking joint account with someone unless their your significant other and you've had a good amount of time to see if they're good or bad with money.
You need to get off that joint account immediately.
You should only be buying groceries and gas with the card until your limit increases. If you don't have the money to pay that credit bill immediately you shouldn't be spending it, unless it's an emergency.
Also having multiple cards and length of credit line are key. I have a credit card through capital one as my start up card and it went from a $500 (4 years ago) limit to $7000 this year. I only ever ring up maybe $200 on it. An Amazon credit card where I buy everything on Amazon with cause points back plus easy credit building. One through my credit union with $20,000 limit but that's for emergencies only. If you travel alot it would be stupid not to apply for your favorite airlines credit card
What's up dude! I want to finance a 2012 WRX STi (about 20k$) but I'm still in college (computer science). All my college expenses are paid in full but I don't have time to work except during summer. I can also put 5000$ down right now. What do you think?
Without income makes it hard BUT I wouldnt use the 5k as a down payment, I would use it to cover the monthly payments every month if you had little to no income. That way it wouldn't be a struggle for a few months..gota have the income at some time in point :D STis are sick
Why your even wanting a 10 year old car let alone a STI with no job currently your insane
@@danielservin Because I had two STIs before and I could one appart and put it back myself. I have 5 paid internships of 15 weeks in the next 3 years of college which is paid in full + government puts 2.5k directly in my bank account each semester. I also have 30 000$ in my bank account and i have a guaranteed 80-90k$ starting job after college. Thats what it's like being a good computer science student in Canada. Oh and don't call someone insane when you don't know anything about him.
Hi, What state did you buy your rental properties?
I have a 746 and have a 21k trade in value cause I bought a 31k vehicle, what do you think would be the total cost of the car , and do u think I would have a problem getting it
Also my car is paid off in under 2 years
No I wouldn't think you would have issues since you already had a 31k loan. As long as credit was good and you could afford the higher payment your good! Just my opinion tho.
What does it mean to re finance a car?
Means to get a different loan..and the point is to get a lower interest rate so your not paying higher interest.
Can you help me understand how to get into real estate
Keep a look out for some videos. I'll be showing how I started that might help.
I want this car !!!!
which one is the one to get ? the 3.0?
always 3.0
Nice.
So if I have the money to pay for it i can out right buy it then and there?
100%..but before spending that much money on something, always ask yourself, where is my money best used.
Even if you had the money in cash it wouldn't be a good idea because you could just put half down and pay the other half in a year. That way you're building credit, plus it'll be much easier to get another low interest loan because the bank will see that you didn't default or skip a payment. With a shorter pay back period bank's will trust that you have money to pay back faster so they won't fear losing money on you which will get you bigger loans
Open up an account with credit union
i hope u buy the mk4 supra that is alr have 2jz gte and have a exhaust that shoot flames and louder ak47 sound than mk5 am a mk4 owner btw love the supra i recommend p=makin tiny holes on fake vents to be functional
Seen some kits that make them real kinda bummed they used fake vents. A Mk4 is on the goal list but Dame the prices went up.
@@Gabe_Ortega yea for me for car shows i do be buyin the mk5 :) and 2jz gte swap manual swap shootin flame exhaust
Hey man car enthusiast and real estate investor myself we should connect!
its a great combo lol
Mk5 supra sounds really goods, but I think your eclipse gsx sounds better. DSM for life.
DSM isn't going no where. Ever :)
75gRand
If you didn't pay cash for your Supra, you don't own it...the bank does. Just sayin'.
In your opinion is it better to finance straight from the dealer or your bank?
Definitely bank
It comes down to this.. Dealers have financing in place already, its quick and easier. but you pay a few points in interest rates this way(slightly higher payment)....If you get your financing from your bank, more than likly itll be for a lower interest rate but youll have to do alot of leg work. The difference was .5% interest rate from the dealer vs my bank. Roughly $15 per month.
You allergic to buckling up your seat belt? Just cringe, dude.