New Ride for #38

APLMAN99 wrote:

A car doesn’t have to be new for it to be leased, especially a higher value car. Not saying that this one IS leased, just saying...

A car doesn’t have to be new for it to be leased, especially a higher value car. Not saying that this one IS leased, just saying that it being a few years old doesn’t prohibit that from happening. 

With ‘regular’ vehicles, leasing a current year pre-owned is actually a good trick. Being used, it should reflect some depreciation on the ‘purchase price’, but the basic residual should be the same as if you were buying it new (unless there’s a big mileage issue on it of course). 

So leasing the used car should get you a lower cap cost that you are paying interest on (the rental portion), and the cap cost minus the residual (the depreciation portion) should be a smaller amount than if the car were brand new also.  

Back in the early 2000s we would go to Canada and buy their short term lease return Suburbans and Tahoes for really low prices because that first 6-9 months is the biggest depreciation, bring them back over and pay for the gauge cluster to be swapped over to mph from kph (you had to have it done by a certified 3rd party because the kilometers had to be changed to the proper miles that were on the vehicle at that time). 

We’d end up leasing those vehicles with less than 10K miles on them for about 60-70% of the monthly lease of the same ‘new’ rig. And make a LOT more money on the deal. 

aeffertz wrote:

How do you even find yourself in the business of doing that?

KiwiBermRailer wrote:

Good on him. He’s at the top of his game and enjoying the rewards. I’m sure his parents are not stupid with his money. 

yak651 wrote:

Thankfully he has family money to use after he blows all of his, some past MX stars weren’t so lucky and have told many they wished...

Thankfully he has family money to use after he blows all of his, some past MX stars weren’t so lucky and have told many they wished they were a little more conservative spending their bonuses 

jmo443 wrote:

No doubt family money helped him immensely. But, from what I’m told he’s been very smart with his money has multiple properties and investments. Don’t forget...

No doubt family money helped him immensely. But, from what I’m told he’s been very smart with his money has multiple properties and investments. Don’t forget this kid was getting YouTube money a long time ago. I think he has plenty enough to have a couple nice cars. I don’t see him doing anything like renting houses for $35,000 a month yet so until then..

el_donn wrote:

I saw an interview or something a little while back with his mom talking about how they helped him get his money into real estate. Brian...

I saw an interview or something a little while back with his mom talking about how they helped him get his money into real estate. Brian is a smart dude and he went the real estate route early on as well. They’ve got him and his sister on the right track with their money for sure. Now he gets to buy cool shit. At least he’s buying sports cars and not those god awful cars the Lawrences are buying.

Boomslang wrote:

Haiden has invested in three properties already. 

ThePizzaCobra wrote:

Broke guy here… but aren’t a Huracan and V10 R8 essentially the same thing? 

APLMAN99 wrote:

A car doesn’t have to be new for it to be leased, especially a higher value car. Not saying that this one IS leased, just saying...

A car doesn’t have to be new for it to be leased, especially a higher value car. Not saying that this one IS leased, just saying that it being a few years old doesn’t prohibit that from happening. 

With ‘regular’ vehicles, leasing a current year pre-owned is actually a good trick. Being used, it should reflect some depreciation on the ‘purchase price’, but the basic residual should be the same as if you were buying it new (unless there’s a big mileage issue on it of course). 

So leasing the used car should get you a lower cap cost that you are paying interest on (the rental portion), and the cap cost minus the residual (the depreciation portion) should be a smaller amount than if the car were brand new also.  

Back in the early 2000s we would go to Canada and buy their short term lease return Suburbans and Tahoes for really low prices because that first 6-9 months is the biggest depreciation, bring them back over and pay for the gauge cluster to be swapped over to mph from kph (you had to have it done by a certified 3rd party because the kilometers had to be changed to the proper miles that were on the vehicle at that time). 

We’d end up leasing those vehicles with less than 10K miles on them for about 60-70% of the monthly lease of the same ‘new’ rig. And make a LOT more money on the deal. 

aeffertz wrote:

How do you even find yourself in the business of doing that?

Rosso391 wrote:

The kid understands taxes exist right? He only gets half that bonus check...does it even cover the car price?

Kyzer138 wrote:

You must have missed this entire thread. You do realize he is smart with his money and has multiple investments? You can hate all you want...

You must have missed this entire thread. You do realize he is smart with his money and has multiple investments? You can hate all you want but the kid is laughing all the way to the bank 

Spike33 wrote:

Is this coming from the same source that told you the Mirtl case was being thrown out? Stfu 

startbuttonarmpump wrote:

I like the 68 z28 with a slant plug,302.

Magoofan wrote:

Sold my  1968 RS/SS 350 5 years ago to a collector in France.    I owned that car for 28 years.   Bought it from someone...

Sold my  1968 RS/SS 350 5 years ago to a collector in France.    I owned that car for 28 years.   Bought it from someone who was driving it daily to work and back and my bro and I restored it.      That baby was a head turner.

germansxguy wrote:

It’s funny when Jett bought his cars he got so much heat but with diper boy it’s all good…. 

Boomslang wrote:

Haiden has invested in three properties already. 

Spike33 wrote:

Is this coming from the same source that told you the Mirtl case was being thrown out? Stfu 

Sandberm656 wrote:

Yea but...can any of those fancy cars haul pallets? That's what I thought.

Yea but...can any of those fancy cars haul pallets? That's what I thought.

Sandberm656 wrote:

Yea but...can any of those fancy cars haul pallets? That's what I thought.

Yea but...can any of those fancy cars haul pallets? That's what I thought.

zehn wrote:

Pallets are cool and all but what about this masterpiece 

Pallets are cool and all but what about this masterpiece 

Sandberm656 wrote:

Yea but...can any of those fancy cars haul pallets? That's what I thought.

Yea but...can any of those fancy cars haul pallets? That's what I thought.

zehn wrote:

Pallets are cool and all but what about this masterpiece 

Pallets are cool and all but what about this masterpiece 

aeffertz wrote:

Bush league. 

Bush league. 

grunkster wrote:

Do any other these pro mx kids buy Civic Type R?!

Cayden Thompson wrote:

Seems like MX folk aren't the JDM type. 

zehn wrote:

Pallets are cool and all but what about this masterpiece 

Pallets are cool and all but what about this masterpiece 

aeffertz wrote:

Bush league. 

Bush league. 

zehn wrote:

Of course it’s an avalanche 🤣

Sandberm656 wrote:

Yea but...can any of those fancy cars haul pallets? That's what I thought.

Yea but...can any of those fancy cars haul pallets? That's what I thought.

zehn wrote:

Pallets are cool and all but what about this masterpiece 

Pallets are cool and all but what about this masterpiece 

aeffertz wrote:

Bush league. 

Bush league. 

Tyler D wrote:

germansxguy wrote:

It’s funny when Jett bought his cars he got so much heat but with diper boy it’s all good…. 

Cayden Thompson wrote:

https://youtu.be/BTxgS0GI2b8?si=hGq9Z3M274Ggj7f5