A Very Serious Guide About Car Financing.

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Published 2019-10-22
I facepalm at all the financial idiots I've met in Atlanta. Have these guys even watched a Dave Ramsey video, or read a book from Robert Kiyosaki? Even if they haven’t, it doesn’t take a genius to realize how awful their loan terms are, or really how awful most loans in general are. Don't take a loan unless it can MAKE money for you. If you can't make Money make money for you, then go for assets.
Summary
1. Don't Do it if possible and just pay in full on a cheaper car or work harder until you CAN buy the car you originally wanted in full.
2. Alright Mr. or Ms. Impatient, if you want to finance go for Down Payment: 20%-33%
3. APR 2%-4.7%
4. Loan Term 48-72 Months
5. BARGAIN ALL THE NUMBERS!

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All Comments (21)
  • @OzMediaOfficial
    The 84 month loan is frightening, considering some modern cars don't even have a lifespan of 6 years.
  • @pieyield2255
    I want to buy a McLaren just to have a license plate that says “HI DEBT”
  • @shawnjames9832
    Me: god I just love the 1970 challengers, so sleek My insurance rate: I’m gonna stop you right there
  • @gwillis01
    Biggest misdirection/ lie in car buying dealership: Salesman says "I have to leave to talk to my manager about that" Truth: All they do is go to the bathroom and stare at the ceiling for 15 or 20 minutes
  • @B4R0N.
    The eyebrows make it for me.
  • @CarStory
    The best car buying experience I ever had was when I was able to write a check for the full amount. Once you do it, there is no going back to car loans.
  • @pc-broke8348
    Short answer: No Long answer: Noooooooooooooooooooooooooooo
  • @kevinarzola4781
    Before I bought my car, I saved enough to pay it up front (around 30k). I financed a car at .9% and I down paid 50%. The rest was all credit building and it really help me get a good mortgage
  • @jiroweiler5883
    Here's the best tip you'll ever get about car financing : -"Don't"
  • @Dominickudo
    “Become somebody successful first then buy a dream car” bro I’ve been saying that for a while.
  • @camdog124
    I just financed a E63 AMG this is the greatest 4 days of my life lmao.
  • @shaz910
    I love how bladed accepts his mistakes and learns from them.
  • @jointaimbot55
    I have 10-12 years to live... I am okay with going in debt to get my dream car before I die
  • @JayPie7
    I love the new editing with your corvette and the eyebrows xddd it's great
  • @xTtownThump24x
    I’m okay with financing my ride, my down payment was like 30% and I’m paying extra on my monthly payments so I can pay it off sooner! I’ll be payed off in 2 years 🤘🏼
  • @rgmafi4900
    I’m watching your channel so I can understand what my “car loving” bf says and hearing you say your first car was a Nissan Sentra (same, what I have atm) made me feel so much better. Thank you 😭