Fresh & Fit - Don’t Buy A Car Until You Watch This Video

00:12:31.000 Welcome to the FreshMint podcast guys.

00:12:33.000 Today we're here with Yusuf to cover cars, how to buy, how to sell.

00:12:36.000 Let's go. 0.91

00:12:48.000 Don't look down to cheek, go ahead, look at me Open up to them and let them go I'm the fool and I'm so real You reach the top of the table, 0.94

00:13:03.000 you gotta learn how to keep it up It's so real, double the shakes Right away I don't want to like a bell out of hell You still have to get me And I will never tell a lie Can't you give me a lie? 0.96

00:13:23.000 And I will never tell a lie And we're back.

00:13:27.000 We're back.

00:13:28.000 Fellows, any updates currently for you?

00:13:31.000 I know we got stuff coming this week.

00:13:34.000 Yeah, I mean, I'll be going to South Carolina on Thursday.

00:13:39.000 I'll be there for the debates, guys.

00:13:42.000 The Toxic Masculinity Tour.

00:13:44.000 I just did a stream right now i don't know guys why youtube is acting up like i tried to put timestamps in the video and for some odd reason it's not loading for me i don't know i'll do some tests here we'll mo in the back in a little bit but uh but yeah so thursday guys i'll be in south carolina so i'll do a debrief uh today tomorrow obviously i did it today and then tomorrow then wednesday then thursday i'm going to go out to south carolina it's going to be a good time i'll be back on saturday and we're going to do some debates over there so it''s going to be a good time.

00:14:10.000 We'll live stream it.

00:14:11.000 And yeah, that's pretty much it.

00:14:13.000 And then guys, we're switching.

00:14:14.000 As you guys know, we're going to be pretty much pivoting over to only Rumble and Kick for after hours and the majority of the other shows.

00:14:20.000 I think we're only going to stream Monday Monday.

00:14:22.000 You know, once a week on Fresh and Fit for Monday Mondays for episodes like this that you guys can get some tangible financial value.

00:14:28.000 And then all the other stuff, guys, we'll just do it over there because, you know, you know, it's better.

00:14:32.000 Yeah.

00:14:34.000 And then we're going to have a debate this week actually with Gary and Peshmer Gademi on numerology versus common sense.

00:14:40.000 Should be hilarious on Thursday.

00:14:43.000 And then tomorrow's show is going to be lit as well.

00:14:44.000 But without further ado, welcome to the show, Yusuf.

00:14:46.000 show you if uh officially known as ride by you if on instagram yep what's that brother thank you so very much for inviting me what's going on uh honor to be here all new to this so taking in little by little i appreciate you guys for bringing me on so i found your videos on instagram actually randomly uh you cover people's issues with cars when they buy or how to sell it so tell us how you got starting to get into cars yourself um when i was 14 i was pretty much like installing like car alarms, remote starts.

00:15:14.000 This was back when like, you know, I used to go to Walmart, used to see like all the radios and stuff in the back, put in the kicker systems and whatnot.

00:15:20.000 Then I went into like kind of mechanics and whatnot.

00:15:22.000 So from there, I had a really passion for like taking things apart putting things together and you know my parents cars would break down all the time so i fixed them and that's when i kind of started and then you still work for a dealership right yes how was that uh what did you see what did you hear like stressful you know it's all about trying to make as much money as possible i think it's so addicting because when you first get in you make good money and it's always trying to chase that first high because you get that big sales check no matter who you signed up with 20 or 30 interest rates uh crazy packages

00:15:52.000 Packages of like warranties at $6,000.

00:15:54.000 You don't care.

00:15:55.000 You're just trying to eat.

00:15:56.000 So definitely stressful.

00:15:58.000 Then kind of ventured off and went back to school and then came back into the car game.

00:16:02.000 Because people hate car salesmen because they try to sell them on cars and they feel like they don't care about them individually.

00:16:07.000 Absolutely.

00:16:08.000 I agree with that.

00:16:09.000 Yeah.

00:16:10.000 So when do you start taking phone calls of customers and putting it online?

00:16:13.000 Because that's huge.

00:16:14.000 You change the game by giving marketing for car issues and car sales and selling cars back to dealerships.

00:16:20.000 Absolutely.

00:16:20.000 So it's actually kind of funny.

00:16:21.000 I actually started my notoriety from doing food reviews in Greensboro, North Carolina.

00:16:25.000 It was just randomly like all these places that seemed, you know, run down and people would like not go eat there.

00:16:32.000 I'd do that.

00:16:32.000 And then all of a sudden kind of stagnated.

00:16:34.000 And then I was like, I'm going to do an auction video because nobody does the behind the scenes for cars.

00:16:38.000 So I did an auction video.

00:16:40.000 I was telling people, you know, the car market's crashing because it was crazy.

00:16:42.000 At that time, dealers was like, everybody was complaining about how expensive used cars were.

00:16:46.000 And it's a little bit more complicated than like a dealer buys a car for like 20K and we're selling it for 30K.

00:16:51.000 It's really expensive at the auction, so I wanted to give that behind the the scenes look boom blew up uh and then you know in all honesty i think there was situations where repos were getting more and more people were being taken advantage of during covid you know covid was a time where people were just doing deals at home sign up at home send you paperwork doesn't matter what it was so you saw like a huge influx of like people with bad negative equity just you know falling behind on their payments crazy interest rates and i was just like you, you know what?

00:17:19.000 Let me come and give some transparency to the game.

00:17:20.000 So I just started taking people's calls.

00:17:22.000 And then once I did one, it floodgates open.

00:17:25.000 I mean, just calls and calls and calls.

00:17:27.000 Because buying cars now is definitely a hassle.

00:17:30.000 It was also a hassle, but even more so.

00:17:32.000 And repo rates are really high right now.

00:17:34.000 Yeah, the highest I've ever been.

00:17:36.000 Why is that?

00:17:37.000 It's a multifaceted problem.

00:17:39.000 It's not just a situation where it's just because people don't have the money.

00:17:44.000 It's also a situation where people, you know, it's a little bit political with the tariffs and whatnot.

00:17:48.000 Also, I think people are genuinely being burnt out financially.

00:17:51.000 Not a lot of people have any much money anymore.

00:17:53.000 I see it all the time at the dealership.

00:17:55.000 People call me, hey, Yusuf, you know, everybody inflates their income by like 50, 100%.

00:18:00.000 I'm like, I make five grand a month.

00:18:01.000 To get that deal.

00:18:02.000 Yeah, it's like two grand a month, you know.

00:18:03.000 Fellas, he's saying in a nutshell, you want to get a car?

00:18:05.000 You're not doing so well financially.

00:18:07.000 You say, you know what?

00:18:08.000 I'm making instead of 50K, 80K.

00:18:10.000 But the thing is, the game is, is there will be a dealership that will get you the deal approved.

00:18:15.000 It doesn't matter.

00:18:15.000 Like, you know, if you have a heartbeat, there are dealerships that will get it approved.

00:18:18.000 And I think that's the crux of like why I do what I do.

00:18:22.000 to let people know, take a step back and understand.

00:18:23.000 But we call them because those places you don't want to go to.

00:18:27.000 100% because you have to.

00:18:29.000 Yeah.

00:18:29.000 There's some lenders that are buyer payers structured and people just kind of.

00:18:33.000 So fellas, if you're going to go buy a car, make sure you can avoid buyer payers now uh can you tell them what that actually is a buyer payer so buyer payer essentially is a in-house finance vehicle right so like if i have a bunch of cars i am the lender right so you're paying me the vehicle 500 down 500 a week and buyer payer can be very lucrative uh for dealers and it is a good alternative for people to get into but it also can be very predatory so you know you're paying 1500 a month for a chevy malibu or a you know honda accord so

00:19:04.000 bro my first car in america I had no credit, right?

00:19:08.000 I'm new to America, but I need to get from A to point B. I'm in my primary clients going to Boca Raton every day.

00:19:14.000 Toyota Camry, I said 92.

00:19:16.000 140k miles the cars value that 4k from them i put one k down my payment is 450 no she know i like 550 right which is terrible um but my boy's driving a mercedes that year for 400 and i'm like damn i'm paying 550 for toyota camry he's paying 400 for a new mercedes and i i think that's that's sort of the The issue with people, they don't have a game plan.

00:19:45.000 They just get stuck with what they get.

00:19:47.000 Like, for instance, that was an option for you, but then eventually you went into a better option that was like, holy crap, a Mercedes is cheaper than what I was paying for a Toyota.

00:19:55.000 So I think that's just you were implementing a strategy to say this is going to be temporary and I'm going to get into a better situation.

00:19:59.000 Well, I had a plan because getting the car was one thing, but paying off that year was the whole plan.

00:20:03.000 100% paying off in full, getting on my credit score that was paid.

00:20:06.000 Yep, but I'm not I'm paying more money than my boy's paying for his Mercedes.

00:20:10.000 So my payers are definitely only if you have to.

00:20:13.000 Exactly.

00:20:13.000 And I tell people, if you have to, do it.

00:20:15.000 Right.

00:20:15.000 This is the deal.

00:20:16.000 If you don't have any money, you can't borrow anything.

00:20:17.000 Do it, but do it short term.

00:20:19.000 Don't, don't stay with it.

00:20:20.000 Don't wait until the last minute.

00:20:22.000 You know what I mean?

00:20:22.000 So, uh, listen, there's a financial product and loan for any situation.

00:20:27.000 Mortgages, credit cards, cars.

00:20:28.000 You can make it happen.

00:20:29.000 You can make it happen, but at what expense?

00:20:31.000 So real quick, uh, this year., Myron wants to get a car.

00:20:34.000 No, I'm not getting a car.

00:20:35.000 And we want to get him a car because Myron, he's a car.

00:20:40.000 And at this point, how should he prepare to buy this car?

00:20:42.000 Now Myron is a very frugal guy.

00:20:44.000 That's all he wants.

00:20:45.000 He wants us to be smart about his car purchase, but how should he start this journey of getting his first car?

00:20:50.000 What should you look for?

00:20:51.000 Well, I mean, Myron is very successful financially, so I don't think getting any car from him would be a problem.

00:20:55.000 It would probably make more sense for someone that is maybe making a certain amount of money a year, because I'm not going to buy a car.

00:21:00.000 He's just trolling.

00:21:01.000 Don't listen.

00:21:01.000 No, no, just this guy.

00:21:02.000 For the audience, for the, an example.

00:21:03.000 Yeah, but my financial situation is not going to Exactly.

00:21:06.000 I think we should do it for someone like 50k per year, someone a bit more average.

00:21:09.000 Like, well, what route should they go?

00:21:12.000 I think most people, right now, like car payments are creeping up to like $1,000 a month average.

00:21:18.000 It's just crazy.

00:21:20.000 And not even that, insurance rates have tripled.

00:21:22.000 I've seen people pay $500, $600 a month for a Kia or a Honda.

00:21:26.000 Yeah.

00:21:26.000 So it's scary.

00:21:27.000 Very scary.

00:21:28.000 Yeah, I thought the car market was down.

00:21:30.000 Why is it so expensive?

00:21:31.000 That's the issue right now.

00:21:33.000 It's down because people aren't able to turn over those loans.

00:21:36.000 Right now, banks are stopping.

00:21:37.000 And we get emails all the time, like banks saying, hey, we're pausing on lending right now until things get better.

00:21:42.000 And these are like subprime banks.

00:21:43.000 Subprime means anything under like a 580, 600 credit score.

00:21:47.000 Like that's just bad credit.

00:21:48.000 Do you remember the oil crash that happened?

00:21:50.000 Yeah.

00:21:51.000 Obviously.

00:21:51.000 Yeah.

00:21:52.000 It started with the car market first, then real estate, and then on from there.

00:21:55.000 And these are the same kind of signs that's happening now where banks are saying, you know what?

00:21:58.000 Hold on.

00:21:59.000 We get everybody a loan, but now we need a whole buy because we're too over-leveraged with their dominant debt.

00:22:04.000 So it's really like déjà vu happening all over again.

00:22:06.000 100%.

00:22:07.000 Yeah.

00:22:08.000 I also think it's just, we are in an information overload day.

00:22:12.000 Everybody just.

00:22:13.000 They're as good as the last person they talk to.

00:22:14.000 Oh, well, this guy told me to do this.

00:22:16.000 It's like we can't think for ourselves.

00:22:17.000 And all the calls that I get, it's crazy that people put themselves in that situation.

00:22:20.000 I got four kids.

00:22:21.000 I pay $1,200 a month for a car and for insurance.

00:22:25.000 What should I do?

00:22:25.000 I mean, bro, you make 3 grand a month and you have a 580 credit score.

00:22:29.000 There's not much you can do.

00:22:30.000 I just don't remember why.

00:22:31.000 I remember, I don't remember you guys, but for me, I remember thugging it out was a real deal.

00:22:34.000 Like, I would have a car, no AC, windows didn't work.

00:22:36.000 Yeah, wait till I get into a better situation.

00:22:38.000 Just people don't want to do that anymore.

00:22:40.000 Sacrifice.

00:22:40.000 Exactly.

00:22:41.000 So he takes calls of people basically have problems with getting rid of their car.

00:22:45.000 For example, they don't know where to go, how to get rid of it.

00:22:48.000 He tells them the real, listen, you messed up here.

00:22:50.000 Here's what it is.

00:22:51.000 And it's very crazy because most Americans are in this scenario.

00:22:55.000 We have some videos to play as well to kind of showcase what you do.

00:22:58.000 But in the meantime, Joey, shout out to you for five subs on the chat.

00:23:01.000 Appreciate you, Joey, for subscribing.

00:23:06.000 And more on the way.

00:23:07.000 So this is his Instagram here, right with Yusuf.

00:23:09.000 And what's the first video we got there, Bills, in TakeOver?

00:23:12.000 Here we go.

00:23:15.000 Now, walk me through this video before we watch it.

00:23:19.000 What happened here?

00:23:19.000 Just FYI, I reposted this video four times.

00:23:22.000 Each time, it got over 2 million views.

00:23:24.000 It's been on like five news articles.

00:23:26.000 Essentially, EV was like a big hype.

00:23:30.000 Everything was so expensive.

00:23:31.000 The Porsche Taycans, the Audi e-tron GTs, the Tesla Cybertrucks.

00:23:36.000 Hummer EVs were going for almost 200K.

00:23:38.000 Now they're worth like 75, 80K.

00:23:39.000 So if you bought a Cybertruck at the beginning of its COVID times, COVID allocations, bro, you would have lost now what?

00:23:47.000 How much money?

00:23:48.000 50K?

00:23:48.000 50, 100K sometimes.

00:23:50.000 I believe it.

00:23:50.000 Off the car.

00:23:51.000 People were paying for those allocations.

00:23:52.000 50K, 10K, premium.

00:23:53.000 Crazy.

00:23:54.000 Elon Musk, the political route kind of messed them up, man. 0.95

00:23:58.000 100%.

00:23:58.000 Getting into politics really hurt them.

00:24:00.000 Absolutely. 0.99

00:24:00.000 But yeah, EVs suck, bro. 0.99

00:24:02.000 You know what?

00:24:05.000 speak of the show new talk on the show even if you have EV just saying that right now you're well hold on let's let's pause there because right now i gotta take this icon i'm not gonna lie i'm liking it a little bit i'm liking it a little bit just a little bit just a little bit so for me it was it was the inconvenience of charging to begin it right okay everybody but Yusuf.

00:24:25.000 Yo, I like that. 0.94

00:24:27.000 Damn, bro. 1.00

00:24:28.000 You messed it up. 1.00

00:24:29.000 I'm just kidding.

00:24:29.000 To me, I think...

00:24:33.000 Tell me about a video.

00:24:34.000 Oh man, so essentially he bought He bought a Humber EV.

00:24:39.000 He traded in, I can't remember, a Silverado and a BMW, rolled over like 15k negative equity, and then he owes like $175,000 to the bank.

00:24:46.000 He's paying $3,300 a month for this Humber EV and can't get out of it.

00:24:49.000 I offered him like 90K at that time, and he still owed 175, but he couldn't get out of it.

00:24:57.000 And by the way, I just prefacing this, all these are real calls.

00:25:01.000 It's crazy that people aren't just stuck.

00:25:03.000 in a little bubble thinking that this stuff doesn't happen this is yeah guys uh fun fact i've been to his dealership by the way as well uh he has his dealership his own dealership now congrats to you thank you very much but uh the calls are real for sure uh not fake real calls in the dealership 100 percent i recognize the videos i recognize it there you do that's awesome it's the whole world yeah you're famous bro come on man sometimes come on man not like yo i'm a small guy compared to yo all right let's play man i'm small too You're the worst, the worst situation probably you've ever seen.

00:25:32.000 Hey, Anthony, how are you?

00:25:33.000 This uses it?

00:25:34.000 You're still on our run?

00:25:35.000 No much, man.

00:25:36.000 So I'm calling about the Hummer EV you got.

00:25:38.000 Let's go ahead and talk about it.

00:25:39.000 You are upside down big time.

00:25:41.000 And it's a little bit.

00:25:43.000 Just a little bit.

00:25:44.000 Only $100,000, right?

00:25:45.000 $11,000 miles.

00:25:47.000 What do you want out of the situation?

00:25:48.000 Because you said you owe $168,000, and right now MFR and wholesale is right around $78,000.

00:25:56.000 I bought the vehicle, you know, when Hummer first came out, essentially when they were marked up over $200,000 at the time, especially when gas prices were really high last year and some for about $150,000, and I was the cheapest one in the US at the time.

00:26:11.000 And, you know, I jumped on it and got it.

00:26:13.000 I was in, I actually had two vehicles.

00:26:15.000 I had a BMW X6 that was brand new, and I had a Silverado that was pretty new as well.

00:26:20.000 So I traded both of those in, but I was negative on both of them.

00:26:23.000 So I added that negative equity. 0.99

00:26:25.000 Talk about a crap show. 0.96

00:26:26.000 I put about $25,000 down. 0.99

00:26:29.000 And I think that's obviously what helped the sale there.

00:26:33.000 You know, I honestly should have walked out of there.

00:26:35.000 I was at a pretty big dealer's and even got a higher interest rate than I've ever received, which is about 10% interest rate on the vehicle.

00:26:42.000 What were your payments on the Hummer?

00:26:44.000 Now it's at $3,300.

00:26:45.000 I like it.

00:26:46.000 I want it.

00:26:47.000 Let's say I'll offer you $79 for it.

00:26:49.000 You know, silent on scene, it looks like it's in good condition.

00:26:51.000 You owe $168.

00:26:52.000 We're about $90,000 in negative equity under.

00:26:55.000 How would we tackle that?

00:26:56.000 So you can come up with 40 grand cash or 40,000 dollars down or is that or you said 20?

00:27:01.000 I said 20, correct. 1.00

00:27:03.000 20,000.

00:27:04.000 So right now we'll still be at around 70,000.

00:27:07.000 Yeah, man, I don't know how I can tackle this for you, especially even if we, if I referred you to somebody who could get you into another EV with even the incentives, and let's say there's 25,000 in incentives with your 20 grand down, like you said, it's 45,000, you still have to roll over a good bit, about 30,000 dollars more.

00:27:22.000 So ideally, you would need at least 40,000 to 50,000 dollars down to get out of this Hummer thing.

00:27:27.000 That's what I was saying.

00:27:28.000 I mean, I'm into cars.

00:27:30.000 I buy cars.

00:27:30.000 I love cars.

00:27:31.000 But I didn't think about my negative equity on my other vehicle.

00:27:34.000 So I just couldn't fathom how a bank could allow me to roll that much negative equity, pretty much, you know, 200 percent, you know, they finance 200 percent loan value on a vehicle.

00:27:45.000 I mean, that doesn't make any sense.

00:27:46.000 Yeah, unfortunately, brother, I'm stuck at, you know, 79.

00:27:49.000 Even if I could push it to 80, we're still, we're still falling.

00:27:52.000 Yeah, yeah.

00:27:52.000 No, that makes sense.

00:27:53.000 I mean, like I said, I mean, even if I was returning it back to the bank, I'm still required, whatever they sell it off at auction, you know, I'm still required to pay that rent.

00:28:02.000 Well, yeah, but I really do appreciate the call.

00:28:05.000 Yeah, I wish you luck and if you come up with some more money, let me know.

00:28:08.000 I want it.

00:28:08.000 Okay, thanks very much.

00:28:10.000 Thanks.

00:28:10.000 Yeah, sir.

00:28:11.000 Bye.

00:28:11.000 Okay.

00:28:12.000 So, can you break down the call because it was a lot, but like most people, can you break it down?

00:28:17.000 I mean, at the time, it was very easy to book loans.

00:28:17.000 Sure.

00:28:22.000 Banks were just buying.

00:28:23.000 They were scared, you know, the economy was down.

00:28:25.000 People weren't, you know, shopping around.

00:28:26.000 They're like, you know what?

00:28:27.000 Let's just buy. 0.93

00:28:28.000 Buy, buy, buy.

00:28:29.000 Banks were buying deep.

00:28:30.000 They were buying any deal they could buy.

00:28:31.000 So this guy obviously had two cars.

00:28:33.000 He rolled over.

00:28:34.000 What negative equity is essentially, it's a discrepancy between what you owe versus what the car is valued exactly, right?

00:28:40.000 So if you have a 20k car, it's worth 15, you have 5k negative equity.

00:28:43.000 If you had positive equity, it'd be worth 25, it's worth 20.

00:28:46.000 So he had about 15,000 in negative equity.

00:28:49.000 The bank allowed them to roll over.

00:28:50.000 They were changing their underwriting guidelines so they can go up to like 150, 160 loan to value which is very scary also real quick what does it roll over for most people here uh average i see probably 10 to 12 000 on a typical deal and that just means that he's rolling over equity from one car to another car yep so negative equity and that's what's cyclical about the car negative equity to another car and then what happens is then that negative equity rolls over into another car so it just it never it just keeps you poor right it adds up keeps you stuck

00:29:21.000 exactly so like in an effort to like get out what a deal like they give multiple trade multiple cars in to get something else exactly but to them it's like oh i got rid of three cars but you're paying 3 300 for for one car when you were paying $900 for one and $1,100 for the other.

00:29:36.000 So technically it adds up.

00:29:37.000 It was more expensive to get the EV Hummer.

00:29:40.000 So okay, I got you.

00:29:42.000 Like they end up paying more monthly even though they might have more equity on paper.

00:29:45.000 Absolutely.

00:29:46.000 I see what I mean.

00:29:46.000 Yeah, exactly.

00:29:47.000 So they think they're consolidating their cars by getting one car, but that ends up being more expensive.

00:29:51.000 So in this situation, I'm pretty sure I went up to $90.

00:29:53.000 Maybe they cut that part out and it's always like get reposted.

00:29:56.000 So you gotta change it up when you're ever repositing it.

00:29:59.000 So yeah, I mean, at one part, I don't know if I put that in the video or it got cut out, but he literally blamed the bank.

00:30:03.000 He's like, I don't know why the bank would give me this loan.

00:30:06.000 Yeah, he was, yeah, just now.

00:30:07.000 Yeah, he was saying like, I don't know how the hell I even got the loan.

00:30:09.000 Listen, I know car dealers and.

00:30:11.000 car salesmen get a bad rep, finance managers.

00:30:13.000 But by law, there's like 50,000 pieces of paperwork you sign.

00:30:17.000 And in there, there's a truth lending form that breaks down your payments, how much interest you're going to pay, what's your finance amount, your finance charge.

00:30:24.000 You can look at it and say yes or no.

00:30:25.000 It's just a lack of education.

00:30:26.000 And that's why I have these videos.

00:30:27.000 And that's why I have the advice videos for people to become more educated.

00:30:30.000 And I've got a lot of positive feedback.

00:30:31.000 People are like, hey, you said if you don't watch your videos, I didn't buy the car, whatnot.

00:30:34.000 But there's still a lot of work to do.

00:30:36.000 So here's the issue, right?

00:30:38.000 You know when you sign up for an app?

00:30:39.000 And there's agreement.

00:30:41.000 Scroll down and hit I agree.

00:30:43.000 Same thing with buying a car. 1.00

00:30:44.000 No one reads that shit, bro. 1.00

00:30:45.000 But it's pretty big letters. 1.00

00:30:46.000 Like I do this all.

00:30:47.000 Like it's literally like, come on.

00:30:49.000 They should read it.

00:30:49.000 Yeah.

00:30:50.000 But they don't read it.

00:30:50.000 100%.

00:30:51.000 So when they go by the car, you're like, oh, I got a new car.

00:30:54.000 How's everybody? 1.00

00:30:55.000 And then you're fucked. 0.99

00:30:56.000 But also, it's this instant gratification thing we're all used to. 0.99

00:30:59.000 Because at the end of the day, like when you go to a dealership and you really want this car, you don't care what it's going to cost.

00:31:04.000 You know what I mean?

00:31:05.000 Like, okay, you said 29%.

00:31:07.000 You said, I can make it work.

00:31:08.000 You think you can make it work.

00:31:09.000 At the end of the day, all you heard was, I got you approved.

00:31:12.000 Right.

00:31:12.000 Or, yes, we can do the deal.

00:31:13.000 That's it.

00:31:14.000 That's pretty much how.

00:31:16.000 enticing it is to people.

00:31:17.000 So the repercussions of any financial disaster that comes from that.

00:31:20.000 And it's kind of sad to see that I've had single mothers come in.

00:31:24.000 I've had single fathers come in.

00:31:26.000 It's just a bad situation if you don't think about vehicles, one of the biggest purchases in most average Americans' life, right?

00:31:32.000 Well, they said number one just after your point that buying cars now is the biggest wealth killer known in America now.

00:31:40.000 But you know what's crazy?

00:31:41.000 That transcends into a mental well-being as well.

00:31:45.000 It's stressful to keep up with your rent, a thousand dollar car payment, and insurance.

00:31:49.000 rather than just stepping down your expectations and going to get a Honda.

00:31:52.000 Dude, I drove a Honda Civic for so long.

00:31:54.000 I drove a Beat of Mazda Tribute.

00:31:56.000 You know what I'm saying?

00:31:56.000 Oh, I was chilling.

00:31:57.000 I literally, the AC didn't work.

00:31:59.000 I'd have my hand out the window. 0.98

00:32:00.000 Was I like stupid and I got like a BMW M3? 0.97

00:32:03.000 I bought, I got my cars repo too. 0.98

00:32:05.000 People think like I'm trying to sit here flex.

00:32:07.000 I've been down that road.

00:32:08.000 Yes.

00:32:10.000 No, listen, I did it today.

00:32:13.000 I got to practice what I preach. 0.99

00:32:14.000 I was being stupid and I thought I could do it all. 0.99

00:32:17.000 And I did it. 0.96

00:32:18.000 How do you take us back to that feeling of getting a repo?

00:32:20.000 Because, bro, my biggest fear is getting a car repo.

00:32:23.000 That scares the shit out of me.

00:32:25.000 Because that is painful. 0.98

00:32:26.000 Imagine you are killing out your career.

00:32:29.000 You're doing well.

00:32:30.000 Things go down.

00:32:30.000 You got dungering.

00:32:32.000 That shit sucks, bro. 1.00

00:32:34.000 I think for me. 1.00

00:32:35.000 I think I knew it was happening.

00:32:36.000 So it was a situation I was just like, yo, go pick it up.

00:32:40.000 But there are situations where people literally won't go to work in their car because they know if they come back out, he's going to be gone, right there's a guy on youtube who does those videos he's in ohio or something you know what guys i'm talking about where he like there'll be people like in the back of the car like making out or uh somebody's coming to the thing he'll go repo and he's like it's on the it's on the list so really it's he's really viral i can't remember his name no no that's not no that's not i can't remember where it was but anyways he's super viral for these repo videos and that's like real life like that's sort of like

00:33:10.000 what happens um but to be fair It kind of gives you perspective like where people are when it comes to repo.

00:33:16.000 They'll go shopping, go buy some new sneakers knowing that they were three months behind of their car payment, right?

00:33:20.000 Yeah.

00:33:20.000 So it's just like where is the priority at?

00:33:22.000 So it's sad, man, but what can we do?

00:33:25.000 Right.

00:33:26.000 So we mentioned earlier buying cars, right?

00:33:29.000 How does somebody prepare to buy a car nowadays?

00:33:32.000 What should they look for?

00:33:33.000 Interest rates, you know, type of car, the spec.

00:33:36.000 This is a very polarized topic because a lot of people think that they should trust the dealership and a car salesman to give them their best interests at heart.

00:33:44.000 I think there's so much information out on the internet.

00:33:46.000 So elementary.

00:33:47.000 Like it's broken down to like one plus one equals two.

00:33:51.000 for you to go buy a car.

00:33:52.000 I think baseline, understand your credit score, understand your financial situation, and just do your research.

00:33:57.000 Don't take your first option.

00:33:58.000 Just shop the deal.

00:33:59.000 tell that people all the time.

00:34:00.000 Even when they come to my dealership, at the end of the day, I I would let you know like straight up like this isn't a good deal for you.

00:34:06.000 Sometimes most people like will still get the car.

00:34:08.000 It's crazy, man.

00:34:09.000 It's just like this whole.

00:34:10.000 Yeah.

00:34:11.000 So I think preparing yourself, shopping around and just don't get stuck with the deal.

00:34:15.000 If it looks bad, just walk away.

00:34:17.000 It's easy.

00:34:17.000 You just walk away and go to a different dealership, go to a different place and just kind of shop the deal.

00:34:21.000 That's the best way to do it.

00:34:22.000 So I like your content because you show people the other side of the car world where okay, we can get your approved, all smiles, but.

00:34:31.000 There's a dark side where like people get into loans they shouldn't be getting into.

00:34:34.000 100%.

00:34:34.000 And it can ruin their career.

00:34:35.000 Yep.

00:34:36.000 Ruin their family's lives.

00:34:37.000 And it's terrible because you got a new car, but you did it the wrong way.

00:34:40.000 So that's always the downside of it.

00:34:42.000 Okay.

00:34:44.000 What about actual issues buying cars?

00:34:46.000 What's the biggest issue you see people coming to a dealership to buy a car?

00:34:50.000 Maybe it's low credit score, low funds.

00:34:53.000 So Miami has been definitely a shift for me.

00:34:57.000 Most of my clients, maybe it's the area.

00:34:59.000 I'm in North Miami Beach, Auto Cafe.

00:35:01.000 People, most of our deals have been cash.

00:35:04.000 Like, dude's straight up buying Porsches for $90K.

00:35:06.000 I'm like, all right, cool.

00:35:07.000 Cash?

00:35:08.000 Cash.

00:35:09.000 So.

00:35:10.000 But when I was in Atlanta and when I was in Charlotte, North Carolina, oh, 100%.

00:35:14.000 I mean, it's sort of just a whole different ballgame.

00:35:17.000 So definitely had 500 credit score people coming in.

00:35:19.000 I think that's where it gets difficult when you have that.

00:35:22.000 I was going to ask, why did they pay cash?

00:35:23.000 Like, does their credit score suck so they had to pay cash?

00:35:25.000 Like the last deal we had, dude owned a Chick-fil-A, said, you want to finance?

00:35:28.000 He's like, nope, I'll pay cash.

00:35:30.000 I mean, either way, I'm going to get the money, right?

00:35:30.000 I was like, okay.

00:35:32.000 So most dealers are incentivized for financing because they get a kickback for bumping you up two points so that's legal like if you get approved for 10% the dealership can sell at 12%.

00:35:42.000 Right.

00:35:42.000 So they're the intermediary.

00:35:44.000 I don't do that.

00:35:44.000 I just, I feel like that's putting you in a worse situation.

00:35:47.000 That's like even more usury, which everybody's like, oh, you're throwing away money.

00:35:50.000 And I'm not really pressed about two points, right?

00:35:54.000 Not saying that I'm rich.

00:35:55.000 I'm just saying like, it does it.

00:35:56.000 It just's just, I get the bigger picture, but it just puts people in a bad situation, I believe.

00:36:01.000 But as far as the biggest hurdles are negative equity and just bad credit, I just from these last four years, people's credit scores are getting worse and worse.

00:36:09.000 Their negative equity is getting worse and worse.

00:36:11.000 And their income is getting more limited.

00:36:13.000 It's just like, did you have to get the $3,500 apartment?

00:36:16.000 Did you have to get it?

00:36:17.000 It's just like, oh, you know, like, yeah.

00:36:19.000 Like, why?

00:36:19.000 Yeah, because when they're running their, uh, because to get them a loan, you probably have to check out what their expenses are monthly.

00:36:25.000 Debts are incorporated.

00:36:26.000 So now they don't do the whole like fake pay subs thing.

00:36:28.000 Now there's like software like TurboPass and other like software out there that literally comb through your bank statements to verify income.

00:36:34.000 So they'll see things that are being pulled out.

00:36:36.000 So they really can't lie.

00:36:37.000 So before you could drop.

00:36:39.000 some fake pay stubs from someone's business and say, hey, this is what I'm making.

00:36:42.000 So they pay me.

00:36:43.000 But now you're putting your information to your account and they log in and they can see everything.

00:36:48.000 So you can't lie now.

00:36:49.000 Yep.

00:36:50.000 Question for you.

00:36:51.000 Yeah.

00:36:52.000 This question's been asked for ages in the car world.

00:36:54.000 I don't even know why they would lie about, like, why lie?

00:36:57.000 Because you're gonna at some point, even if you get, okay, you lie, you get the car.

00:37:01.000 Now you can't afford it.

00:37:02.000 So it's like, but then they hide the car.

00:37:04.000 I think in general people lie about everything, right?

00:37:05.000 I mean, you know, especially when it comes to your guys' podcasts, you guys see people that put on a facade and then they never keep up with it, right?

00:37:10.000 It's just trying to get the best first impression, you know, like, oh, you make 5,000 a month.

00:37:15.000 And like with us, it's like, all right, we're going to see, right?

00:37:16.000 All right, we're going to see, right?

00:37:17.000 Yeah.

00:37:17.000 So, yeah.

00:37:18.000 So the question is, what's better for people to do now?

00:37:21.000 Lease or finance a car and what?

00:37:23.000 It definitely depends on your situation.

00:37:24.000 I think leasing is a great option for people that are changing out of vehicles all the time.

00:37:28.000 Just understand you're basically renting a car.

00:37:31.000 And then there is an interest rate attached to a lease.

00:37:34.000 It's called a money factor.

00:37:35.000 So a money factor is, you know, if you have good credit, you have a low money factor.

00:37:38.000 If you have bad credit, you have a bad money factor.

00:37:42.000 Also, it's mileage dependent.

00:37:43.000 I think there's a lot of myth that like you can't have a lot of miles at least you can.

00:37:46.000 You can buy it before, even during.

00:37:49.000 But I tell people all the time just whatever you were set out, just go a notch below.

00:37:53.000 Like people are like oh you said i want the mercedes cell you know whatever i'm like how about you go down something else because like you can see that it's just not good for them and at the end of the day it's so funny they'll end up going to get the mercedes from somewhere else so um i think leasing is the best option for people who are wanting to get into something short term keep moving out and then if you want to buy I always tell people never buy new.

00:38:13.000 I just had the Range Rover I posted a video about.

00:38:15.000 Thank you.

00:38:16.000 So always buy you second hand.

00:38:17.000 I mean, just like any other thing, whether it be watches or whatever, buying second hand, the depreciation is crazy.

00:38:22.000 And you get to enjoy it.

00:38:23.000 I call depreciation appreciation because you get to appreciate something that's a lot cheaper and it still drives the same as it was two years ago.

00:38:30.000 So I always say on the show, never buy brand new and he confirmed it because once you buy brand new bro that's gonna hit you like bricks that's depreciation bro a front how much people lose on average when they buy a new car 30 20 on average i i on my social media i think there's like extreme cases because not a lot of people can afford a rolls royce or eeve but uh on average you're talking about 20 30 but here's the thing you're taking to account if you just bought the car a lot of people roll over negative equity so you're using that as well so a lot of people think negative equity disappears it doesn't you're refinancing it so

00:39:00.000 it's like Even worse.

00:39:01.000 So now you're paying even more money.

00:39:03.000 And it's crazy to me that nobody understands interest.

00:39:06.000 It's like, oh, you know, I bought this house.

00:39:07.000 And I'm like, you probably paid three times the interest.

00:39:10.000 But I made 20000 000 but you paid 400k in interest right or in a car it's just like oh well you know i bought it for 25 well how much did you really put in with the interest right because everything is like front heavy when it comes to interest bearing products um so yeah never buy new i i don't know if there's a video i have on on instagram uh there was a range rover or even the rolls royce you can yeah uh Which one?

00:39:33.000 Where is it on your?

00:39:34.000 Range Rovers are notorious for depreciation.

00:39:36.000 It was a 2021 or 2019 Range Rover I bought from the auction.

00:39:39.000 Brand new was like 152 without taxes and everything.

00:39:42.000 You can now get them four years later for 35k.

00:39:45.000 Yep.

00:39:45.000 How mad would you be if you paid like...

00:39:49.000 Get them in for a Yusuf man. 1.00

00:39:51.000 He's here live on the show for you guys.

00:39:52.000 Expert in cars and, of course, car sales and loans.

00:39:56.000 Go check him out.

00:39:57.000 You got the video on Instagram, right?

00:39:59.000 Yeah, I do.

00:39:59.000 Yeah.

00:40:00.000 Is it here?

00:40:00.000 We haven't.

00:40:01.000 So low key is like a shameless plug to try to sell the car because obviously I'm selling it at my dealership.

00:40:06.000 But it's just a perspective to say there's no need to buy new.

00:40:08.000 And a lot of people will be like, I see it.

00:40:10.000 Let us know.

00:40:10.000 Right there.

00:40:11.000 It's right there.

00:40:11.000 150k new.

00:40:12.000 Yeah, it's worth about 30k.

00:40:14.000 Okay.

00:40:14.000 Let's play it there.

00:40:18.000 2019 Range Rover L depreciated over $120,000 since it was brand new.

00:40:23.000 This Range Rover was $150,000 plus.

00:40:26.000 That's what that was.

00:40:26.000 plus that's without taxes fees and everything brand new you can now get it between 30 and 40 000 what's going on guys it's you here at auto cafe and i want to show you some new vehicles that we got in our inventory one of them is this 2019 range rover l fully optioned with 99 000 miles that is at a fraction of the cost of what it was brand new.

00:40:44.000 Remember, depreciation happens so that means you can depreciate them.

00:40:47.000 They become more affordable.

00:40:49.000 Here it is, 2019 Range Rover L fully optioned, 22 inch rims, automatic running boards, boom.

00:40:56.000 Nice.

00:40:57.000 Look at that.

00:40:58.000 99,000 miles.

00:41:01.000 Suede headliner.

00:41:07.000 so much space in the back these cars will take care of you.

00:41:30.000 The 5.0 supercharge motor, yes, may have some issues, but drive it accordingly, don't beat on it, and somebody enjoy this all the way to 100,000 miles.

00:41:38.000 So like I said, this is up for sale at autocafe.com.

00:41:41.000 Check us out.

00:41:42.000 We finance.

00:41:43.000 We can get pretty much anybody approved.

00:41:44.000 We have a wide variety of vehicles.

00:41:46.000 And this Range Rover behind me is one of the reasons why you shouldn't buy.

00:41:50.000 So this is about buying brand new.

00:41:53.000 How much money you would have lost over that period of time?

00:41:55.000 Without any, and that's if you bought cash.

00:41:57.000 You're talking about interest and whatnot.

00:41:58.000 You know, on 9% or 10% loan, you're losing more than that.

00:42:02.000 So you know what's crazy about this car?

00:42:03.000 It has almost 100K miles on it, right?

00:42:05.000 And if the car is that bad, it would never get that far in mileage.

00:42:09.000 Now, you've got to maintain the car, though.

00:42:10.000 100%.

00:42:11.000 And issues do come up.

00:42:12.000 And these cars, if you don't take care of them, they will take care of you financially.

00:42:16.000 so this is true and i think alongside of buying a car i think people get screwed on servicing a car so many times i had a lady come in. 0.90

00:42:24.000 I sold her an Audi Q5 two years ago and Audi quoted her $12,000 to get it fixed.

00:42:30.000 I literally went down the street, bought the part off second-hand source.

00:42:34.000 It was $1,100.

00:42:35.000 Wow.

00:42:36.000 So these are the situations that we get into because we're just like, oh, I trust you.

00:42:40.000 Here, it is what it is.

00:42:42.000 And there's just like, there's no due diligence.

00:42:44.000 There's no research.

00:42:44.000 It's just like, and then when they get that bad experience, they blame the dealership, everybody, right?

00:42:49.000 It's just like, you made the decision, right?

00:42:51.000 So to your point, keep this in mind.

00:42:52.000 Whenever you go to actually get car service, you want to go to an authorized workshop that's not a dealer because dealers will tax you, right?

00:43:01.000 Absolutely.

00:43:02.000 I mean, I remember one of the dealers around here charging like almost $500 an hour to like work on their thing.

00:43:07.000 They do that because they want their warranty work to be paid, you know, more, right, from the manufacturer.

00:43:12.000 So when it comes to these situations like that, you don't even have to go to like an author.

00:43:17.000 Like a lot of people work at the dealership and go open up a mechanic shop on the side.

00:43:21.000 It's an Audi tech.

00:43:22.000 He knows what he's doing.

00:43:23.000 He literally worked for Audi for 20 years and it's like 80% off.

00:43:26.000 It's the same workers.

00:43:27.000 By the way, the G-Wagon.

00:43:28.000 The service is like $2 to $3K.

00:43:30.000 I go to my guy, it's $400.

00:43:32.000 Done within two hours.

00:43:34.000 Aston Martin, when I had an Aston Martin Vantage, literally went to Aston Martin.

00:43:37.000 $2,200 for an oil change.

00:43:38.000 I would get it done for $300.

00:43:40.000 That's the issue of going to a dealership.

00:43:40.000 Yeah.

00:43:43.000 Yeah.

00:43:44.000 They will wax you.

00:43:45.000 But isn't that covered if you bought it through them?

00:43:49.000 Probably for a period of time, right?

00:43:50.000 It's probably a limited warranty.

00:43:51.000 Preventative maintenance, no. 0.92

00:43:53.000 You can buy a warranty, but it's like if anything catastrophic happens, right?

00:43:56.000 But like oil changes, rotors, stuff like that, they're not covered, right?

00:43:59.000 So brakes aren't covered.

00:44:00.000 Rotors aren't covered.

00:44:02.000 Rotors are sometimes like... 1.00

00:44:03.000 Even if you bought it from them?

00:44:04.000 Yeah.

00:44:04.000 So the name of the game is keeping you as a customer for life.

00:44:08.000 100%.

00:44:09.000 Once they can do that, they'll wax.

00:44:10.000 forever yeah 100 yeah i thought like if you buy the car brand new from them like you know they'll take care of it for at least a couple years no no charges but, but okay, I guess not.

00:44:19.000 I mean, if something like the engine fails, transmission fails, something like that, but like doing all changes, spark plugs, you know, the service, not taking care of it.

00:44:26.000 So anything maintenance, you got to pay.

00:44:26.000 So imagine.

00:44:29.000 So imagine buying a car like that, right?

00:44:31.000 It just come up.

00:44:32.000 You got to pay for gas, insurance, maintenance.

00:44:35.000 The car was, what, maybe like 2, 1 to 2k a month.

00:44:40.000 Adding all those fees, it's cost you 3 to 4k, probably.

00:44:43.000 Yep.

00:44:44.000 It's crazy, bro.

00:44:45.000 Diglett, shout out to your brother.

00:44:47.000 Daughter Marco.

00:44:50.000 Down the month, bro. 0.99

00:44:51.000 I bet in cash, 90k, paid it all at once because I don't like paying shit monthly. 1.00

00:44:55.000 Fuck it, the hoes love it. 1.00

00:44:56.000 the hose love bro shout out to you brother listen No car payment, no insurance, and it's in your control. 1.00

00:45:05.000 Well, he wanted it too, so it's like, you know, it is what it is.

00:45:10.000 Yeah, buying cash is a bit better if you can, but holy.

00:45:13.000 You bought your car in cash?

00:45:17.000 No, it was given to me.

00:45:18.000 What kind of car do you have, bro?

00:45:19.000 It's an old, it's a 2002 Honda.

00:45:22.000 My man.

00:45:22.000 You're still rocking my 2002 Honda with the back of the camera.

00:45:25.000 That's awesome.

00:45:27.000 This is who you guys should be learning from about financial.

00:45:29.000 Like, why am I on the show?

00:45:31.000 Myra has it all, yo, 2002 Honda. 0.58

00:45:33.000 But here's the thing, I don't know shit about cars, so like, you know, this is where you come in, because let's be honest here, bro.

00:45:38.000 A lot of these guys were are not going to do what I do. 0.94

00:45:39.000 They're going to, they want a new car.

00:45:41.000 They want to be able to get one.

00:45:42.000 So at least, you know, you can teach them to navigate it properly.

00:45:45.000 Because no matter what I say, if I tell you minimize or, you know, keep your costs low, people are still going to go ahead and buy a nice car.

00:45:52.000 You think that my videos have impact, but people still, but like on the side, like you said, yo, you know, uh, I still wonder.

00:45:57.000 I'm like, you sure?

00:45:58.000 Yeah, yeah, yeah.

00:45:58.000 Yeah, yeah.

00:45:59.000 That's what I'm saying.

00:46:00.000 Because they're not going to, like, you could talk about being a minimalist all day.

00:46:03.000 Like, they're going to still go ahead and buy it.

00:46:04.000 So, you know what?

00:46:05.000 You might as well at least teach them how to purchase responsibly.

00:46:07.000 100%.

00:46:08.000 So, um, but yeah, no, I'm, I still got a $2,200.

00:46:11.000 That's awesome.

00:46:13.000 Listen, listen.

00:46:14.000 That's what's up.

00:46:15.000 Yo.

00:46:16.000 Yeah, that's like 2013.

00:46:18.000 And he's going to have it forever.

00:46:19.000 He's going to break down.

00:46:21.000 You didn't buy a car ever in your life?

00:46:24.000 I don't know if I bought...

00:46:25.000 I mean, the Range Rover, we got that one, but...

00:46:29.000 No.

00:46:30.000 No, I don't think so.

00:46:31.000 No.

00:46:31.000 What?

00:46:33.000 I hate this nigga, bro. 1.00

00:46:34.000 I don't think so. 1.00

00:46:35.000 Yo.

00:46:36.000 I had that car since 2013.

00:46:37.000 My dad had it.

00:46:38.000 And then he bought it and he just gave it to me.

00:46:40.000 So I was like, all right.

00:46:41.000 Like, here you go, son.

00:46:41.000 Habibi.

00:46:42.000 Yeah, he gave it to me.

00:46:43.000 That's a fun story, right?

00:46:44.000 It's a cheap car, though. 0.97

00:46:45.000 It was worth like maybe he bought it for like 3K or 4K or some shit. 0.96

00:46:48.000 But the thing is, I expected, because you're from Sudan, right? 0.94

00:46:51.000 Yeah.

00:46:51.000 It's like every Sudanese is passed down like a Toyota Camry, but like a beige one.

00:46:54.000 Yeah, yeah.

00:46:55.000 That's like the signature Sudanese vehicle. 0.71

00:46:57.000 Mine is silver, but yeah, close enough.

00:46:58.000 Yeah, yeah.

00:46:59.000 Wow.

00:46:59.000 I bought mine.

00:47:01.000 I bought it up here. 1.00

00:47:01.000 Damn it. 1.00

00:47:02.000 Oh, so funny story. 1.00

00:47:04.000 We're in Romania.

00:47:05.000 It was worth nothing, though. 0.99

00:47:06.000 My dad bought it for like three or four K or some shit. 0.99

00:47:07.000 Yeah. 0.98

00:47:08.000 We're in Romania.

00:47:23.000 He's like, he doesn't buy cars like me and you, fresh.

00:47:25.000 He's smarter than us.

00:47:26.000 He buys real estate. 0.99

00:47:27.000 I'm like, bro, you're fucking right. 0.99

00:47:29.000 This nigga's built to spend no money on cars. 1.00

00:47:31.000 I don't drive so like to me there's like no point i walk everywhere so it's like for me having a car is like completely pointless i don't see my own in a car man i just want to see him in a nice car uh just just one time you know it's funny there's a vlogger he's driving the range over i love that vlog thanks he driving a second car Well, that was back in the day. 0.98

00:47:49.000 Yeah, but no, the people need this because there's a bunch of these guys in here that are going to go ahead and go upside down on a fucking Mercedes-C class or some shit like that. 0.61

00:47:56.000 You know what I mean? 0.99

00:47:57.000 Yeah.

00:47:58.000 Like our BMW 3 series, like, said entry-level luxury cars.

00:48:02.000 That's hilarious.

00:48:02.000 Yeah.

00:48:03.000 Entry-level so at least you can, like, educate them on how to properly procure one without fucking their life up. 0.96

00:48:07.000 100%. 0.90

00:48:08.000 Yeah.

00:48:08.000 Because, guys, I've made mistakes in the car market myself uh uses knows about them as well and if i can help you even one percent to not lose money like i did a little bit here then i did my job you know what i'm saying like absolutely our job here you want to tell me your top three mistakes you would say you made um one buying cars but buying for the payment not the exit you know what i mean yeah so i was looking at car payment only all right i can afford this car payment it's nothing but i got to add in insurance i got to add in repairs yes sir i got to add incidentals and

00:48:37.000 You customize the car here and there.

00:48:39.000 So all in all, what you pay for the car is nothing compared to what you spend monthly for repairs, gas, maintenance.

00:48:46.000 And when you end up looking at your car payment, it's way more than you expect to pay.

00:48:49.000 So you miscalculated the car payment with everything else?

00:48:51.000 That's number one.

00:48:51.000 Okay.

00:48:52.000 Number two, I would say is that the cars I bought, some of them were just like a marketing thing.

00:48:59.000 I didn't do it for like the, oh, smart finance, just marketing.

00:49:02.000 Get this car, pump it on Instagram, get leads.

00:49:04.000 Actually, give us some new deals.

00:49:06.000 It wasn't like I bought a car for that.

00:49:08.000 car for the finance part of it just the thrill of it you know what i'm saying for the marketing gotcha and then three uh i would just say Maybe buying a more usable car.

00:49:23.000 Because sometimes the Lambo's weren't very usable.

00:49:25.000 Like, daily.

00:49:27.000 You know, it's not a daily used car.

00:49:28.000 I would daily it though.

00:49:29.000 I would daily it.

00:49:30.000 Daily SV.

00:49:30.000 There's nothing wrong with that.

00:49:31.000 You bought it.

00:49:32.000 Yeah.

00:49:32.000 I know, but like, it's not smart though, bro.

00:49:33.000 You know what I'm saying?

00:49:34.000 The mileage and stuff like that.

00:49:35.000 Well, then I didn't do too bad, but I did mess up a little bit.

00:49:38.000 What would you say are the top three?

00:49:39.000 Because you probably see this at an exponential level with selling cars.

00:49:42.000 What are the top three mistakes you would say people make when purchasing vehicles it's like a complicated question because you know why every time somebody tells me their mistake it's has to do with their boyfriend girlfriend husband wife it just turns into this whole it's like it's like it explains where they are at in life right Like, oh, I bought this Honda.

00:50:01.000 I'm trying to get rid of it.

00:50:02.000 But it's in my ex-boyfriend's name.

00:50:03.000 It's like they bought that car to mend relationship or whatever.

00:50:06.000 You know, it's just like.

00:50:08.000 So aligning yourself with someone else in the purchase.

00:50:10.000 Right.

00:50:10.000 Exactly.

00:50:12.000 100%.

00:50:13.000 Yeah, 100%.

00:50:14.000 Somebody here probably is thinking about buying a car for their girl.

00:50:16.000 Now they'll think twice.

00:50:17.000 100%.

00:50:18.000 To your point, never put your name on a girlfriend or boyfriend's car if you're a girl, because that will guarantee that if you, sorry, if they mess up, you've got to pay for it.

00:50:29.000 Or not even that.

00:50:30.000 Don't ask your mom or your dad, because sometimes I get calls from like mother saying like, yo, my son put.

00:50:35.000 you know this car and his name he's renting it out and now he can't afford it okay messed up my credit i can't buy a home it's like so sad i'm like yo why would you tell your mother damn or your father uh you know hellcat audi i just posted an an Audi video with dude who's 17 years old, put his mom in the picture, paying $2,000 a month for RS7, him and a group of people renting cars out. 0.91

00:50:53.000 Guys, Turo is dead renting cars out.

00:50:56.000 Thankfully, only specific group of people can do it, but it's not replicable.

00:51:00.000 If it was that easy, everybody would do it.

00:51:02.000 Yes.

00:51:02.000 Definitely cooked.

00:51:04.000 Because people buy, they finance on a personal level.

00:51:07.000 There's not a business mentality behind it.

00:51:09.000 It's like, all right, it's $400 a month.

00:51:12.000 I can rent it out.

00:51:12.000 And then they don't know what Turo takes, like, 50.

00:51:15.000 You know, it's just, it's not well throughout.

00:51:20.000 There's no proof of concept anymore.

00:51:22.000 You got people that'll go buy nine cars off the bat.

00:51:24.000 And they're. 0.76

00:51:24.000 like yo i'm paying like 10 000 a month how are you doing that making 5k and like oh well two was repoed i had a guy had his car repoed while it was being rented out on my instagram it's crazy yes it was a mercedes c300 uh he bought three cars to rent out he bought a course from somebody uh for like 5k i don't call on names uh i don't call on names 5k oh shit and then all of a sudden he said you know i did it and then it just it it wasn't worth it i'm like I don't know what to tell you, man. 0.76

00:51:53.000 There's nothing I can do.

00:51:54.000 And people look at me like, unfortunately, with all the calls and everything that comes, people can look at me as like, therapist.

00:52:01.000 And then also, Yusuf, can you.

00:52:02.000 pay 10k more for this car?

00:52:04.000 I'm like, dude, it's a business.

00:52:05.000 What am I going to do with that car?

00:52:06.000 Genuinely, I'm like, legit thinking of like switching over from a car dealer to like, just straight like, what's that guy's name that does all the debt stuff?

00:52:14.000 Dave Ramsey?

00:52:15.000 Dave Ramsey, because everybody jokes.

00:52:17.000 You could do Dave Ramsey of other cars, yeah, 100%.

00:52:19.000 But it's so funny, it's not just a car thing.

00:52:21.000 People are also like in high credit card debt.

00:52:24.000 So it's like that manifestation of that vehicle, high interest rate, whatever.

00:52:28.000 You can bet your bottom dollar, they have high credit card debt.

00:52:31.000 They're paying crazy like rent on their and a lot of people are from Miami, from Atlanta, from DC, from New York.

00:52:37.000 It's just crazy what they put themselves into.

00:52:39.000 It just blows my mind. 1.00

00:52:40.000 I just had a fucking idea, bro. 0.99

00:52:42.000 Yeah. 1.00

00:52:43.000 You should do a podcast about this shit. 1.00

00:52:46.000 Nah, I need a podcast. 1.00

00:52:48.000 This is legit.

00:52:48.000 Every Monday.

00:52:49.000 I need a podcast like every Monday, bro.

00:52:51.000 You should do a finance talk or something.

00:52:54.000 So basically people come to you whenever they're upside down on their car.

00:52:57.000 Yeah, and I will tell you.

00:52:59.000 100%.

00:53:00.000 And unfortunately, there is no way out.

00:53:01.000 Like, you're stuck.

00:53:02.000 And I tell people all the time, just weather the storm.

00:53:04.000 Like, okay, your car is repo.

00:53:06.000 Build the next two years.

00:53:06.000 I don't want to.

00:53:07.000 I need to get him.

00:53:08.000 It's genuinely...

00:53:11.000 Yo, a Mercedes.

00:53:12.000 It's like the rebound.

00:53:13.000 It's like right there.

00:53:13.000 I need a Mercedes.

00:53:14.000 Yo, Yusuf, how can I go to a Honda after a Mercedes?

00:53:16.000 Genuinely, these are what people say to me.

00:53:19.000 I'm like, wow.

00:53:20.000 Hold on.

00:53:21.000 Tell him what you told me about people buying cars now.

00:53:23.000 He bought cars that were affordable price, good cars, no issues.

00:53:28.000 100%. 1.00

00:53:29.000 People said fuck those cars. 1.00

00:53:30.000 Give me the Mercedes. 1.00

00:53:32.000 I'm like, bro, this is what you could afford.

00:53:34.000 Look, data never lies, right?

00:53:35.000 So I get a lot of, you know, what I buy at my dealership typically comes from what sort of feedback I get from people.

00:53:40.000 Like, oh, you see, if you don't have a Honda Toyota, I sell more Beamers, Audis, and Mercedes.

00:53:44.000 Not to perpetuate the problem at the end of the day.

00:53:47.000 It's my business.

00:53:48.000 Like, you don't have to buy from me.

00:53:49.000 And I tell people all the time, you're not just because somebody runs your credit, you do this, you can still walk away.

00:53:54.000 When you see $1,100 a month and you know damn well you're.

00:53:56.000 And you know damn well you're making $2,500.

00:53:58.000 You should walk away.

00:54:00.000 Yeah.

00:54:01.000 Because that $1,100 doesn't even account for everything else.

00:54:03.000 No insurance, no nothing.

00:54:05.000 I can't believe people don't do the biggest tip I tell people all the time, shop your interest rate.

00:54:08.000 It's crazy.

00:54:09.000 Credit unions are demonized.

00:54:10.000 Like, go to a credit union.

00:54:11.000 Number two, interest rates for, I'm not insure, insurance rates.

00:54:14.000 I've seen people pay four or five hundred dollars a month just, and that's associated with the vehicle.

00:54:19.000 If you finance a car, you have to have insurance.

00:54:20.000 If not, they're going to force insurance on it, which is even more expensive.

00:54:23.000 So, I think it's just a lack of education, instant gratification, and just people thinking they're so entitled.

00:54:23.000 Yeah.

00:54:29.000 The worst customers are bad credit customers.

00:54:31.000 They're 500 credit score, but they want to be treated like they got 800.

00:54:34.000 You know what I mean?

00:54:34.000 Like, oh, I want to get the Mercedes.

00:54:35.000 Like, bro, you have a 500.

00:54:37.000 What the hell am I going to do?

00:54:38.000 well you said this dealership then go to them like why are you here with me because you can give me a better deal no i can't i'm sorry like i can't do it yo what's that race of people it's mixed men to be honest okay we're all smartly we're comedians by the way that was a comedy skit yeah yeah okay uh any chat sir those want to go through see what the people saying what the chat saying money money fellas of course Get your car,

00:55:08.000 life in check. 0.99

00:55:09.000 Don't do anything stupid. 0.99

00:55:11.000 While we're going to comment on the comments, the craziest video I just want to, because before I forget about this, was a lady who moved from Miami, went down here. 1.00

00:55:19.000 I think she was doing OF or something.

00:55:20.000 I can't remember.

00:55:21.000 Oh.

00:55:22.000 Yeah, that's the one.

00:55:23.000 The white girl.

00:55:24.000 Yeah, no, that one, she had $150K cash.

00:55:27.000 Yeah, that's another one.

00:55:28.000 But she was an OF. 0.68

00:55:29.000 She was an entertainer, what she said.

00:55:30.000 I don't know.

00:55:30.000 Strippers, I guess.

00:55:32.000 Stripper. 1.00

00:55:32.000 Yeah. 1.00

00:55:34.000 So this girl went to Miami, lived there, had an E400, something like that.

00:55:38.000 And then she moved back to Atlanta.

00:55:40.000 They rebuilt her car.

00:55:41.000 She called me to go buy her car from the auction, sell it back to her.

00:55:46.000 So that way she'd go look for a job.

00:55:47.000 Yo, I could not make this stuff up.

00:55:49.000 There's no way I was listening to this.

00:55:50.000 So hold on.

00:55:51.000 Just slow it down a little bit for the audience.

00:55:53.000 I'm from Iron Games.

00:55:55.000 So essentially there was a lady that called me, hey, Yusuf, like I just moved out of Miami.

00:55:59.000 I couldn't afford it.

00:56:00.000 It was too expensive.

00:56:01.000 She was living in Brickle, blah, blah, blah.

00:56:03.000 And she was like, I had my Mercedes repo.

00:56:05.000 I'm like, all right, cool.

00:56:06.000 And she said, well, can you go to the auction?

00:56:09.000 Buy her Mercedes back and finance it back to her. 0.80

00:56:12.000 I was like, yo, in my head, I was like dumbfounded.

00:56:14.000 I was like, there's no way this is in front of me.

00:56:17.000 And she's like, did she buy the car from you originally?

00:56:19.000 No, she bought it from somebody else in Miami.

00:56:20.000 So that was random.

00:56:21.000 The random lady just saw me on Instagram and was like, yo, Yusuf, can you go?

00:56:24.000 I'm like, no.

00:56:25.000 I was like, even if I could, you had a like a five something credit score.

00:56:28.000 couldn't find it to you.

00:56:29.000 She had the nerve to hang up on me and have attitude with me. 1.00

00:56:33.000 It was crazy.

00:56:34.000 Like, let me guess. 0.74

00:56:36.000 She was black? 1.00

00:56:37.000 I guess.

00:56:38.000 I don't know.

00:56:39.000 This guy's going to get me in trouble.

00:56:43.000 I've got to keep it race neutral here. 0.96

00:56:46.000 But it's on my Instagram.

00:56:49.000 It's one of the most viewed videos I had.

00:56:50.000 It was crazy.

00:56:51.000 Crazy, crazy.

00:56:52.000 I just like the entitlement.

00:56:53.000 And another lady who she had $150,000 cash. 1.00

00:56:56.000 She wanted to buy a G-Wagon.

00:56:57.000 Live with the moms. 0.75

00:56:58.000 Didn't pay any rent.

00:57:01.000 And she's an entertainer. 0.88

00:57:02.000 She goes between Alabama and Atlanta.

00:57:04.000 This time was in Atlanta.

00:57:05.000 And she was like, can you find me a G-Wagon?

00:57:07.000 I was like, do you want to buy a house first?

00:57:09.000 Or, you know, give your mom something?.

00:57:10.000 She's like, no, just find me a G-Wagon.

00:57:12.000 I'm like, all right.

00:57:14.000 Alma Soto G-Wagon.

00:57:16.000 But she smartened up.

00:57:17.000 She called me back.

00:57:17.000 She's like, you know, Yusuf, it's so funny.

00:57:20.000 Sometimes I do believe, not bullying, but just like honest discourse.

00:57:24.000 Looking at some of these comments wakes people up because she looked at the comments.

00:57:27.000 She was like, I can't believe they're coming for me. 0.98

00:57:29.000 I'm like, so you didn't take my very calm and very pragmatic advice that was just so like broken down and well spoken, but you took the guy was like, oh, this OF, you know, bitch is not going to be able to do this, blah, blah. 0.98

00:57:40.000 You need to go get a house. 0.96

00:57:42.000 You look at those comments.

00:57:43.000 Myron.

00:57:44.000 All of a sudden, I think being honest and real works, huh?

00:57:47.000 Yeah, it sounds crazy sometimes.

00:57:48.000 Sometimes, at least.

00:57:51.000 William 723 says, big things are going on here.

00:57:55.000 As man that had 50 cars, this is my kind of episode, but I flip cars now sometimes.

00:58:00.000 Pick up my brothers, keep it killing.

00:58:05.000 50 cars is crazy.

00:58:06.000 50 cars is crazy.

00:58:07.000 And boy, it seems like he was in a car flipping business, maybe.

00:58:10.000 Yeah, probably our dealer, yeah.

00:58:11.000 There you go.

00:58:13.000 Okay, Burchilly says, if the car is 30 to 45k, what is the best option?

00:58:20.000 Finance 100% of the deal or 20% down to finance 80% or buy it cash?

00:58:25.000 It's crazy.

00:58:26.000 This actually I had a great video where a guy put $45,000 down on a Mercedes E63S that market on the E63S.

00:58:32.000 I love the E63S, by the way.

00:58:33.000 I don't know how you feel about them.

00:58:34.000 Amazing cars.

00:58:35.000 Yeah, amazing cars, right?

00:58:36.000 It's basically Yeah.

00:58:39.000 Brand new is like probably $120 or $119, but they're about between 69 to 80.

00:58:45.000 This guy put $45,000.

00:58:47.000 And I tell people all the time, putting down the least amount of money isn't the smartest option.

00:58:51.000 It's just an option for you because you don't have any money, right?

00:58:54.000 Oh, I only went away $500 down.

00:58:56.000 How much do you have in your sale?

00:58:57.000 Like it's like you only had 2k.

00:58:59.000 You couldn't put more money down.

00:59:00.000 So they were kind of hating on him.

00:59:01.000 The more you put down, the less you finance, the less interest you pay.

00:59:04.000 I think I had a depreciation schedule on my Instagram page.

00:59:09.000 And on average, you're paying $5,000 to $10,000 a month just in interest on the first year.

00:59:14.000 So none of that's being towards your principal.

00:59:16.000 So in this situation-That's with everything, home loan, car loan.

00:59:19.000 They always destroy you in the beginning with-Myron, you have no idea.

00:59:19.000 Absolutely.

00:59:23.000 People get so heated with me like, oh, I made $300,000 on my house.

00:59:26.000 They had it for 15 years.

00:59:27.000 I'm like, you probably paid more than that in interest.

00:59:30.000 you're at like a net zero net loss like you didn't make that money uh if you look at any amortization schedule like you're paying the brunt of the um interest up front 100 right that's why they have penalties for like payoff early right that's why they have all these like rules in place that you don't pay it off really after certain amount.

00:59:47.000 Absolutely.

00:59:49.000 So yeah, I think putting down 20% is a smart.

00:59:52.000 If you could put down more, that's even better.

00:59:54.000 But you get better interest rates by putting down more money?

00:59:57.000 Sometimes you do.

00:59:58.000 But the issue is also when it comes to the amount finance, the dealership wants you to finance the most amount so you can get a bigger kickback from their rate jump.

01:00:05.000 And I tell people at the time, you can ask for that.

01:00:08.000 what they've got you approved for.

01:00:09.000 It's called a buy rate versus a contract rate.

01:00:11.000 Some dealerships won't give you that.

01:00:11.000 You can ask for that.

01:00:13.000 If they don't, just go somewhere else.

01:00:14.000 So go to a credit union.

01:00:15.000 Navy, what is that?

01:00:17.000 Fed, Navy Federal, USAA, Space Coast in Florida.

01:00:21.000 All these guys are offering five, six percent.

01:00:23.000 Yes, 6% interest.

01:00:24.000 And everybody's like, I want to get it done to the dealer.

01:00:26.000 The dealer's giving you $15.

01:00:27.000 So, look, my producer here, Bills, wants a new Mercedes.

01:00:33.000 Bills, which one is it? 0.98

01:00:36.000 Damn, what is it? 0.98

01:00:37.000 It's the GL8. 1.00

01:00:39.000 Nigga, you don't know what car you want? 1.00

01:00:41.000 No, I forgot.

01:00:41.000 It's the GLE 63.

01:00:46.000 GLC or GLE 63.

01:00:48.000 Yeah, those are nice cars.

01:00:49.000 Yeah, yeah, yeah.

01:00:50.000 What's a good price range for him to get on it?

01:00:52.000 Buy, use, man.

01:00:53.000 It's two years.

01:00:54.000 Yeah, yeah, use for sure.

01:00:55.000 You'll save 50K off the front, off the jump.

01:00:58.000 Yeah, not new.

01:00:58.000 A good spec one, probably a couple years between 60 to 80 as well.

01:01:04.000 Yeah.

01:01:04.000 Okay.

01:01:05.000 How much down should he put?

01:01:06.000 As much as you can.

01:01:08.000 I tell people all the time because, again, like Myron explained, this amortization is very important.

01:01:13.000 And there's plenty of calculators.

01:01:14.000 Go on Google.

01:01:15.000 Put in what are you going to pay.

01:01:16.000 It'll give you a schedule, how much you should pay.

01:01:18.000 And if you're in a situation where you have a high interest rate, you can't get out, pay double payments.

01:01:23.000 When the first payment goes towards interest, the next one you can put towards the principal.

01:01:27.000 And I've seen people cut their loans as quick as two and a half, three years.

01:01:30.000 So if you have a 72-month loan, you're paying two, two and a half times more, which is hard now.

01:01:34.000 Not a lot of people have money.

01:01:35.000 If you can, putting the extra money towards the principal, you can knock you down your loan by, like I said.

01:01:41.000 A couple years.

01:01:41.000 Yeah, a couple years.

01:01:43.000 Good point.

01:01:43.000 So yeah, Bill, as much as possible.

01:01:46.000 Look for your car when it's time.

01:01:48.000 Yes, sir.

01:01:49.000 All right.

01:01:49.000 What's the chat, sir?

01:01:50.000 We got one more.

01:01:52.000 Two more.

01:01:53.000 We have...

01:01:53.000 A lot.

01:01:58.000 amster 72 says in april of this year i bought 2010 to the tons here my apr is 34 what the No, that's not right.

01:02:07.000 I'm pretty sure legal limit's 29.999.

01:02:10.000 You're so cool, my boy.

01:02:11.000 Maybe if he's in California, California does 32%.

01:02:15.000 This could be like a title loan place.

01:02:16.000 If your APR is 34%, my nigga, you're a co cook. 0.96

01:02:19.000 I'm a man's trolling. 0.95

01:02:20.000 I'm sorry.

01:02:20.000 Yo, that's trolling.

01:02:21.000 I'm a man's trolling.

01:02:22.000 What can I do to lower my payment?

01:02:24.000 Should I refinance?

01:02:25.000 Bro.

01:02:26.000 Go to that imaginary bank and tell him to take the car back.

01:02:32.000 Wild.

01:02:34.000 Mo Ali. 0.63

01:02:34.000 Charles Castiglion showed that OSS in this episode is perfect because I'm planning to buy a car. 0.63

01:02:39.000 So yeah, Mo.

01:02:40.000 Again, watch the episode in full, but Yusuf is the man for buying cars for sure.

01:02:45.000 What else here?

01:02:46.000 Jay Alex says, would you recommend leasing for now until the market improves for buyers?

01:02:52.000 There are some really good lease incentives.

01:02:54.000 So yes, if you're looking to purchase a car, leasing.

01:02:57.000 a vehicle can be very lucrative if you don't have a trade in with lots of negative equity.

01:03:01.000 But if you do have negative equity, leasing a car can be a good alternative for you because the incentives can sort of absorb the negative equity, but that doesn't necessarily mean the lease will be cheaper.

01:03:12.000 As far as the market, I mean, a lot of car dealers are seeing stagnation.

01:03:16.000 I just think it's because of all the tariff news and everything that's going on with the EV credits and whatnot.

01:03:21.000 So it's sometimes just white noise.

01:03:23.000 Things happen.

01:03:24.000 Then all of a sudden, boom, the next month, we probably will have a record sales.

01:03:29.000 But for sure, if it wasn't for, I guess, social media, yes, I could definitely see why it would be a little slower.

01:03:34.000 But for me, I think it would be a bad case because people come from Instagram to buy a car from me but it's a good outlet for marketing 100 absolutely it's free too so very smart yep uh dc battis says when would you recommend leasing a car okay Going.

01:03:50.000 Again, I think people just need to understand their financial situation.

01:03:53.000 I don't know what your credit score is, how much you make a month.

01:03:55.000 You guys should just stick like Myers.

01:03:56.000 Guys, if we're going to ask these questions, man, give us like an approximate because that obviously dictates the answer.

01:04:02.000 So, guys, if we're going to ask these questions, like kind of give us an approximate.

01:04:05.000 You don't have to say your exact credit score or whatever, but so that we can better help you give what's the information you need?

01:04:09.000 Their credit score, credit score, monthly income, and then, you know, do you have a trade-in, you know?

01:04:13.000 There you go.

01:04:14.000 Yeah.

01:04:14.000 So, guys, please put that in because I see some of you guys are asking good questions here but for him to give you the best answer that's tailored to your situation doesn't have to be exact but give us an approximate so we can give you the answer because obviously wally depends on your income and that's an income ratio all is a crap so um yeah cool next one aboliz what would be the main and most important steps into starting a dealership how much would you need to start it's something i'd like to get into in the future since i've always been into cars and people are always needing a buying vehicles mainly for

01:04:43.000 luxury mixed in with some economical ones these are great questions uh i think what would be the main and most important step into starting a dealership is really understanding your market starting small so what i did was i actually had a mobile mechanic, like little thing where I was fixing cars and that was proof of concept.

01:04:59.000 Then I went to flipping cars on Facebook and on OfferUp back when OfferUp was good.

01:05:03.000 And then I kind of scaled from there.

01:05:05.000 Then I paused.

01:05:06.000 I did system engineering.

01:05:08.000 I went to school, worked at corporate America.

01:05:10.000 I just, eh.

01:05:11.000 So I think just...

01:05:22.000 Exactly, right?

01:05:22.000 So basically just diving in and understanding the whole world of what revolves around selling a car and understanding it.

01:05:30.000 Because for me, it's really easy to kind of navigate with customers if I know what car problem is when I end for them, it's like it's a lot easier and they kind of let's be secure.

01:05:37.000 It'd be like, I use if I'm buying a car from you.

01:05:40.000 As far as how much you should have saved, it depends what market you're in, probably 100, 150 k.

01:05:46.000 You're probably going to want a floor plan, which is basically on a credit where it's collateralized the cars where you can sell them and it's fee structured.

01:05:52.000 You can do interest only, you can do fee only.

01:05:54.000 Most of the brothers and sisters out there, they do fees as well.

01:05:56.000 So floor plans can be halal if you just do like a fee structured type deal, right?

01:06:00.000 So they just charge you per car, 500 bucks just to floor it, right?

01:06:03.000 Hello, what's up?

01:06:04.000 Yeah, usury is banned in, well, it's banned in Christianity too.

01:06:08.000 And in Judaism too, right?

01:06:09.000 It'd be amongst Je jewish they can't do usury right so unless it's with the goyam exactly wow yeah with so regular folk yeah with gentiles yeah no that's not even like yeah 100 now he's not a man they can lend money yeah they can lend money on interest matter of fact you can get a kosher loan if you're if you're jewish you can ask for a new york i call it yes 100 yeah 100 what is a kosher loan yeah french don't do it Yeah, they're on the same side. 0.93

01:06:33.000 You could literally get a loan where if you go to the institution and say, hey, I'm XYZ, they'll give you a loan without interest.

01:06:39.000 So my aunt is Muslim and she gets 0% interest loans from dealerships because she can't get a regular interest rate. 0.98

01:06:45.000 then that's just the dealership being nice to her.

01:06:47.000 Yeah.

01:06:47.000 That's just, yeah.

01:06:48.000 That's just, most of them are looking out.

01:06:49.000 Yeah.

01:06:50.000 That's somebody looking out.

01:06:55.000 Hey, Yusuf, would you hook a brother up?

01:06:57.000 Always, man.

01:06:57.000 If I can, I got it.

01:06:59.000 0% for me.

01:07:00.000 For you?

01:07:00.000 Yeah, of course, man.

01:07:01.000 Come on, man.

01:07:02.000 You put me on.

01:07:03.000 So I got to put you on, man.

01:07:04.000 You guys, being on the Fresh Infit podcast, this is, you know, we can sell some cars, brother.

01:07:08.000 Yeah.

01:07:08.000 Sell some cars.

01:07:09.000 Let's do it.

01:07:09.000 All right.

01:07:10.000 Albo Ace. 0.51

01:07:11.000 Oh, no.

01:07:11.000 We don't know.

01:07:12.000 You finish those, right?

01:07:13.000 You finish those, right?

01:07:14.000 Yep.

01:07:14.000 Yeah, so just, you know, have 150k say.

01:07:16.000 There we go, bam.

01:07:17.000 Now people are giving us some numbers.

01:07:18.000 There we go.

01:07:19.000 Biking.

01:07:20.000 I have over 700 credit score.

01:07:21.000 I was looking to buy Infini 60, my first SUV.

01:07:25.000 Is there a good way to go about it?

01:07:27.000 Absolutely.

01:07:28.000 So, you know, car gurus shop around the vehicle and just make sure you're getting the best rate.

01:07:33.000 If you have a 700 credit score, I definitely would say go to a credit union, go with a pre-approval and then just have a budget in mind.

01:07:38.000 So, I don't know, QX 60 probably.

01:07:41.000 So they shouldn't go to the seller to rent to, you know, to get their loan.

01:07:46.000 They should do it on their own, do their own dual diligence, then come you.

01:07:49.000 Yeah.

01:07:49.000 100%.

01:07:50.000 And at the same time, it's not a situation where even if you go to dealership, just negotiate.

01:07:54.000 It's crazy.

01:07:54.000 Some people just like say, okay, I got a lady that bought a Dodge.

01:07:59.000 Charger, not Charger.

01:08:00.000 What's the big SUV?

01:08:01.000 I'm drawing a blank here, even though I'm a car guy.

01:08:04.000 Durango.

01:08:05.000 Yeah, Durango.

01:08:07.000 Brass Monkey Edition for 150k and they put in $18,000 in a warranty and she said okay it's crazy people don't say oh wait a minute what's that mean it's a brand new car why do you need a warranty like come on yo you know what if it is about buying cars it's an emotional activity like it's more so like i just want the car nah i think also when you go to a dealership you go there for like hours so it's a tactic to just to be like for you to say you know what effort i'm just gonna sign right yeah so you stay because you know you get there it's all day affair it's

01:08:37.000 all day affair and that's why carvana all these places are like really changing up the game because you can just buy from your home but i tell people all the time you don't have to do that because even carvana low-key is like a little expensive a little?

01:08:47.000 Just do your due diligence.

01:08:48.000 Like you're talking about something that's going to be five year financial commitment.

01:08:52.000 And it's so funny.

01:08:53.000 I know it's a little off topic, but the way that people go about their financial commitment.

01:08:58.000 Again, like sort of translates what type of commitment they do in their life, right?

01:09:01.000 As far as their health, their wealth, their relationships, they're always like, oh, it's always like an issue with their, you know, significant other or, you know, this issue with it.

01:09:10.000 I just, it's always an issue when it comes to somebody that can't afford or doesn't know how to be responsible with their money or has a bad credit.

01:09:17.000 It's sort of like crazy how that sort of explains, yes, exactly.

01:09:22.000 Good point.

01:09:24.000 We got that one right here.

01:09:24.000 Cool.

01:09:26.000 Interesting how the most problematic customers are the ones with the shittiest credit.

01:09:29.000 Is that funny?

01:09:30.000 For a reason, man.

01:09:31.000 Is that crazy, bro?

01:09:32.000 Kim Pop.

01:09:33.000 I have at least 24 Jeep.

01:09:35.000 Oh, wait a second.

01:09:36.000 Oh, sorry, I can't see it.

01:09:37.000 Coming up right now.

01:09:39.000 There you go.

01:09:39.000 I have a 2024 Jeep Grand Cherokee L. Got five moms.

01:09:43.000 I want to get a 23 to 24 Toyota Highlander hybrid.

01:09:47.000 Should I wait until the lease is over or roll it?

01:09:50.000 Yo, Toyota market, I never understand.

01:09:52.000 It's so inflated and there's such a strong presence with like community in the Toyota and then also Honda.

01:09:59.000 Everybody makes fun of the way I say Toyota.

01:10:01.000 I don't know, it's Toyota, but I say Toyota.

01:10:03.000 I, uh, how's that me?

01:10:04.000 Yeah, everybody's like, what's Toyota?

01:10:05.000 Anyways, Toyota, I'll say, like, there we go.

01:10:09.000 Uh, Highlander, I would wait probably because they're just crazy expensive.

01:10:13.000 And not even that, most dealers aren't going to sell it to you unless you buy some protection because with these cars, when we buy them, we don't make a lot of money on the front.

01:10:21.000 Front-end gross means like you're making 5k profit.

01:10:23.000 You buy it for 30, sell it for 35.

01:10:25.000 Most of them are either losing money or making a grand, but they're banking on making 15K on back end right from like the finance, the contract, the gap.

01:10:32.000 So I would wait it out.

01:10:36.000 The money's made from the financing.

01:10:38.000 Yep.

01:10:38.000 100%.

01:10:39.000 That's what I get you.

01:10:40.000 Yeah.

01:10:41.000 Financing. 1.00

01:10:42.000 These bastards. 1.00

01:10:43.000 Oh, all in her mouth. 1.00

01:10:45.000 All in her mouth. 1.00

01:10:48.000 What the fuck? 1.00

01:10:49.000 I'm not a car guy. 0.99

01:10:50.000 I'm planning on buying a used car at the end of the year.

01:10:53.000 My budget is around 7K to 10K.

01:10:56.000 How do I know I'm not buying a lemon?

01:10:58.000 And if you've got some tips to know if it's a lemon, can you drop them?

01:11:00.000 Okay, that's a good question.

01:11:02.000 Yeah.

01:11:03.000 A lemon is basically a bad car.

01:11:04.000 Right.

01:11:05.000 So it's a car that seems to be good, right?

01:11:07.000 On the outside it's like you buy a watch, but it's fake.

01:11:10.000 Yeah.

01:11:10.000 Wait, is it fake or bad?

01:11:11.000 It's just really, it's terrible.

01:11:12.000 It's almost like a fake.

01:11:14.000 You could call it a fake car because it's not a.

01:11:16.000 Sometimes it's fake watches that are bad, right?

01:11:18.000 Right.

01:11:18.000 Like, I know some people that buy something that looks good on the outside, but it actually has a lot of mechanical problems.

01:11:23.000 That's exactly.

01:11:24.000 But with lemons, people can just go literally take an hour and go get a PPI, a pre-purchase inspection.

01:11:29.000 You can take it to Meinike. 0.93

01:11:30.000 You can take it to any place.

01:11:32.000 Now, that will scare some people because at the end of the day, the mechanic is doing their job by inspecting it.

01:11:37.000 And then they obviously want you to fix those problems.

01:11:39.000 So it's going to be an inflated repair bill.

01:11:41.000 But all in all, it'll give you a general condition of what the health of the car is, right?

01:11:44.000 So it's like sort of going for physical and they're going to say, like, let's do your blood.

01:11:47.000 They're like, oh, you have elevated this, that, and a third.

01:11:49.000 Let's get you on this therapy, that therapy, right?

01:11:50.000 Sort of to like upsell you.

01:11:52.000 But you can do a PPI.

01:11:53.000 Definitely, I would, you know, kind of take your time.

01:11:57.000 when looking at cars make sure there's no rust don't buy any cars from up north What does PPA stand for pre-purchase inspection, right?

01:12:04.000 So that's that's something Yeah, I thought it was like if you do this what what like will sellers let you do that?

01:12:10.000 Well, so if they don't then don't buy it, right?

01:12:10.000 Absolutely.

01:12:12.000 So yeah, if there's something they're hiding, right?

01:12:14.000 Then yeah, they'll be like, oh, they'll probably meet you there or take a mechanic with you.

01:12:17.000 There's plenty of guys that like a what's that like a Lemon Squad.

01:12:20.000 You've heard of Lemon Squad.

01:12:22.000 Yeah, Lemon Squad.

01:12:23.000 Yeah, they'll meet you there.

01:12:24.000 Or you can go on Facebook Marketplace, look up a mobile mechanic and say, hey, I want to check out this car.

01:12:27.000 pay me 60 bucks or 100 bucks.

01:12:29.000 Now you being a good, I guess, understanding cars, do you even need one at this point or you just do it yourself?

01:12:34.000 For me, when you get to a certain, I can't wear but so many hats right now.

01:12:39.000 I have you know hire two people what not so I have to you know sublet it so I let my mechanic do it that's next to me or I will just you know get it done somewhere else so yeah but okay so you've outsourced it but you could do it yourself on a business yeah absolutely yeah so okay fair cool there you go that's a good sign right there so uh and there's many options you could bring it to the person bring a mechanic with you there you go uh Frankie Fresh still waiting on the phone call I'm out here in Miami.

01:13:04.000 I'm just closing on my second deal property in Miami.

01:13:06.000 Good stuff.

01:13:07.000 Now I'm in the hunt for property in Miami number one.

01:13:09.000 Sorry, one family houses.

01:13:10.000 Can I still get a loan while I have mortgage on one in Jersey?

01:13:13.000 I'm currently paying.

01:13:16.000 Yeah, you can always get, I think you can get up to ten mortgages by Fannie Mae, if I'm not mistaken, but just remember that, you know, getting it as a, as a, as a, as a, as a landlord versus, like, buying it as a, or buying it as someone that's going to live in it, it's going to be different.

01:13:29.000 You're going to have different mortgage terms.

01:13:32.000 Just don't commit mortgage fraud, bro. 1.00

01:13:33.000 Okay, don't say you're going to live in it and then you fucking rent that shit out. 1.00

01:13:37.000 I think that's what everybody does, though. 1.00

01:13:37.000 Don't do that, man. 1.00

01:13:39.000 Yeah, but it'll fuck you up, man. 0.99

01:13:40.000 Like, it's not. 0.94

01:13:40.000 Yeah. 0.94

01:13:42.000 Hold on.

01:13:43.000 Hold on.

01:13:43.000 Frankie, I'm calling you right now.

01:13:44.000 Let's do it all here.

01:13:45.000 How about this? 0.88

01:13:46.000 What the hell? 0.92

01:13:46.000 Oh, what? 0.92

01:13:47.000 Oh, he's a member of Castle Club.

01:13:49.000 Okay.

01:13:50.000 It's the benefit of being a Castle Club.

01:13:50.000 There you go.

01:13:52.000 Any question about renting cars?

01:13:54.000 And let's do it.

01:13:56.000 Yeah.

01:13:59.000 I'm calling you, brother.

01:14:00.000 You want to call?

01:14:01.000 I'm calling you right now.

01:14:03.000 So people can learn from your question.

01:14:06.000 So you ain't picking up.

01:14:08.000 Oh, you know I can do this.

01:14:13.000 There we go.

01:14:15.000 we got expert in the house Yo, what up bro?

01:14:36.000 This is fresh.

01:14:37.000 What's going on man?

01:14:40.000 Hey fresh.

01:14:40.000 What's going on?

01:14:41.000 So we're live on air right now bro.

01:14:43.000 We're live on air.

01:14:44.000 Don't say anything crazy.

01:14:46.000 Okay.

01:14:47.000 Give me a question you wanted to ask me.

01:14:48.000 I got my boy Yusef here.

01:14:50.000 He's an expert in car roads and for car rentals as well.

01:14:52.000 He knows what's going on.

01:14:53.000 So what's question?

01:14:55.000 Hey, how's it going anyways?

01:14:57.000 You know, I'm at the gym, so don't mind me catching my breath.

01:15:01.000 But, um, so, hey, Yusef, my name is Frankie.

01:15:04.000 Um, so I just got into business with my, my dear partner and dear friends.

01:15:10.000 And so I invested pretty much 20k.

01:15:13.000 There was another deal that said, and it was all...

01:15:16.000 Well, anyways, no matter what the point was, you know, so there was a deal going on, and I wanted to get a bigger And, you know, he had it for 20k pretty much 20k down, but automatically he sold.

01:15:29.000 So, I mean, I just wanted to pretty much, you know, expand and see like what other deals I could find.

01:15:36.000 You know, if I have to put a little more.

01:15:41.000 If I have to put a little more in case like, you know, because I'm trying to start a car rental business, you know, this is something old, old to me.

01:15:47.000 You know, Fresh gave me a little insight of it.

01:15:51.000 Obviously, the bad side of it, with people crashing and everything, all this stuff, but he pretty much convinced me.

01:15:59.000 So I was just trying to get a little more ideas and pretty much some deals out there.

01:16:04.000 See what's best for me.

01:16:08.000 So you said he's putting 20, I didn't hit the first piece.

01:16:10.000 He's putting 20k down on what?

01:16:12.000 Yeah, 20k down on what, Frankie?

01:16:15.000 Well, at one point it was, like I said, it was for a bench.

01:16:19.000 At one point it was.

01:16:20.000 What kind of bench?

01:16:21.000 And that deal was already gone.

01:16:23.000 It was from another dealer.

01:16:24.000 He was Fresh had him at his podcast, you know, a while back.

01:16:29.000 But I forget, I forget his name.

01:16:31.000 I even said in the, you know, live, because I got so much in my mind.

01:16:35.000 But, you know, he had him in his, um, in his podcast.

01:16:39.000 So, like, he, he, yeah.

01:16:41.000 So, what's the question, bro?

01:16:42.000 Because we're living right now.

01:16:44.000 So the question is that, you know, I just wanted to see, like, what are my options, you know, with that kind of, you know, especially that this is all new to me, like, is 20K down, is something, you know, get enough in the car or if I have to, you know, pretty much expand my enterprise, you know, putting a little more.

01:16:44.000 Okay.

01:16:59.000 So, you know, I just want to see, like, the upper side of, like, what kind of, what deals we actually get.

01:17:05.000 Are you renting out only one car?

01:17:08.000 Well, I wanted to, you know, start a car rental.

01:17:11.000 Right, but yeah.

01:17:13.000 So are you starting with one car is what you're saying?

01:17:16.000 Well, my friends told me that, you know, for best, like, to get three or four cars.

01:17:21.000 You know, and that's what my friends, you know, if you're going to do it because it's a hard marketplace.

01:17:26.000 It has a lot of issues.

01:17:27.000 It looks good on paper, but most people are feeling terribly in.

01:17:29.000 Yeah, I mean, look, I just think Southern Florida is so saturated.

01:17:32.000 I mean, you know, you have one car.

01:17:34.000 I can go get it cheaper for $50 a day somewhere else.

01:17:36.000 I just think...

01:17:53.000 have a cushion for maintenance and whatnot, and then also shop for business insurance.

01:17:58.000 I think most people that rent out cars put on either insurance, personal insurance, they get in trouble because people could die.

01:18:03.000 And then they're like, oh, you weren't covered properly.

01:18:06.000 And then now they're facing a lawsuit to set in a third.

01:18:08.000 It's a little more in depth.

01:18:10.000 And I learned this from doing what I did.

01:18:13.000 I went out and bought.

01:18:15.000 Nine cars, right?

01:18:16.000 This is when COVID happened.

01:18:17.000 And then I was like, let me rent them out.

01:18:18.000 It was not sustainable.

01:18:19.000 It was too much happening.

01:18:20.000 Even though I'm the mechanic, I'm the guy that understands these things.

01:18:22.000 Like it was very hectic.

01:18:24.000 And it was like, it almost turned into minimum wage work.

01:18:26.000 Even though you see a lot of cash flow, you got it.

01:18:28.000 It just was minimum wage work.

01:18:29.000 So I would definitely reconsider.

01:18:31.000 But if you do it, a lot of people should be doing volume.

01:18:36.000 So buy like, you know, a Honda or Toyota or something that has good resale value than going to go buy, you know, a Mercedes at 90k.

01:18:43.000 And then two years later, it's at 40 or 50.

01:18:45.000 And you only made 10k off of it.

01:18:47.000 And, you know, you're paying $200 or $300 a month for insurance.

01:18:50.000 So I think it's a little, it's a game where you just kind of have to like calculate a little bit more rather than just say, how much money can I put down?

01:18:56.000 Right.

01:18:56.000 just have to kind of understand what kind of cars you should be renting out and where is it at the bottom of the depreciation curve understandable you know like for instance i'm not really from here you know i have family down here i'm really from new jersey you know and obviously i got new york city but you know this whole you know a little downside to it because you know i can't really trust those you know those kind of people you know especially for what i hear and what i see um yeah so instead of like just like getting what you said like an exotic

01:19:26.000 car as a first you know obviously like i'm still like i said i'm still learning you know but like i mentioned before like three or four cars you know at least like you know if you get a possible good deal you know around those areas you know because my friend was just talking about you know we could you know get a bench um get a show a chauffeur like a a tower one of those like you know big trucks are like a um chauffeurs and all that but you know like what fresh said you know at least three three cars is

01:19:56.000 more understandable you know just to you know work your way up i think especially like where i'm from yeah i think 20k down man you're better off buying a a house or something, you know, in Pompano or Delray or something, just where a little bit the market stagnated a little bit, house prices are dropping.

01:20:11.000 That I think you'll be a little more comfortable with that than buying a car.

01:20:13.000 Basically what he's saying is, and what I'm trying to let you know as well, this is a bad business, bro.

01:20:17.000 Yeah.

01:20:17.000 terrible business.

01:20:18.000 Like, right now, especially, it's terrible to get into.

01:20:20.000 You're going to rather, you're probably going to feel more than you actually succeed in this, bro.

01:20:24.000 A hundred percent.

01:20:25.000 Just give me a roll with you.

01:20:26.000 And your buddy, and your buddy, I'm sure he loves you, but he needs your money, right?

01:20:33.000 To do this business, right?

01:20:34.000 Well, no, we're both putting it because, you know, the thing is that I'm going to sublease a car just for instance.

01:20:40.000 Like, you know, like he said a message before, he even said the same thing.

01:20:43.000 So I was going to put some cars under my name and then on his last car, I have to stop, well, leaves it for him.

01:20:50.000 Yeah.

01:20:50.000 So, I'm going to cut it here, bro.

01:20:53.000 But yeah, bro.

01:20:53.000 I would also agree with Yusuf.

01:20:55.000 You shouldn't do this, bro.

01:20:56.000 Keep it real with you.

01:20:57.000 You're better off doing it in something more stable, but the car market itself is in terrible shambles and renting cars, bro, is an L nowadays, bro.

01:21:04.000 Well, I mean, that's the thing.

01:21:06.000 All right, man.

01:21:06.000 All right, brother.

01:21:09.000 Cool.

01:21:10.000 All right, thank you.

01:21:11.000 Later, bro.

01:21:11.000 Yeah, man.

01:21:13.000 I mean, listen, bro.

01:21:14.000 People see how it looks online.

01:21:16.000 It looks good.

01:21:16.000 It looks really good.

01:21:17.000 Trust me, I've been there.

01:21:18.000 I did as well.

01:21:19.000 and uh you need systems in place you need history you need like a lot of things and things things change i had a friend that did a whole business on toro the app went down for him and he lost all his money he couldn't do going out for like a week and his whole business shattered 100 i'm gonna keep it real with everybody here and i think i did a video on this is as a car dealer or anybody, I think you need to understand, like you said, it looks good.

01:21:45.000 Yeah.

01:21:45.000 But it looks good when you're on Instagram flexing on the Lamborghini, you know what I mean?

01:21:49.000 And like all the cars.

01:21:51.000 Don't believe these lies, right?

01:21:53.000 It's a facade.

01:21:54.000 They're trying to keep up with it.

01:21:55.000 They're going to put 20K down.

01:21:56.000 You know, they're scrambling to like make the payment and whatnot just to keep up what they put out out there to say, hey, you know, I'm this guy.

01:22:02.000 I'm that dude.

01:22:03.000 I'm that girl.

01:22:04.000 It's just a lot of these people, they put up a front.

01:22:07.000 And what's crazy is people are chasing that front that they see.

01:22:10.000 So now what their perceived happiness of like attaining what they've done, like puts them in financial stress, emotional stress mental stress and it's i see it all the time it's it's you gotta be you gotta stop believing these lies and what you see on social media because it's very common that it's not real it's just it's just people are vulnerable when they need help 100 all these a lot of these car rental guys are just you know not good people they just want you to buy their cars yep and that's how they make their money not from renting cars so not all but

01:22:39.000 some most of them are you know lucky lopez talks about it too yeah that's my guy lucky lopez yeah i'll do that scam it to me's disgusting bro so all right what's the next chat you know what you guys should do i really think a lucrative venture is renting out Myron's Honda on Tarot.

01:22:57.000 Yo, could you imagine like headline like Fresh and Fit podcast 2002 Honda Court?

01:23:01.000 I'm telling you, it would do numbers.

01:23:02.000 Like, yo, $150 a day.

01:23:05.000 Yo, that would do numbers.

01:23:06.000 You only get 100 miles a day.

01:23:08.000 And you could like outfit it with like Myron all in the outside.

01:23:11.000 You know what I mean?

01:23:12.000 Yeah, I'm telling you.

01:23:14.000 It's already paid off.

01:23:14.000 It literally would be like just free money for you.

01:23:17.000 That's way too trusting, though.

01:23:18.000 Yeah, I don't know, man.

01:23:20.000 That car up.

01:23:20.000 I don't have to do it.

01:23:21.000 That car is a lot of sentimental value.

01:23:23.000 Facts.

01:23:24.000 Yeah, that's true.

01:23:25.000 Reddick says, thank you, NFNF.

01:23:26.000 Thank you for all you do.

01:23:27.000 Thank you, Yusef.

01:23:28.000 Appreciate you, bro.

01:23:29.000 Thank you.

01:23:29.000 Thank you, bro.

01:23:30.000 Link the last question, 100K plus a year, 650 credit score, and just paid one off.

01:23:34.000 I don't know what the last question was.

01:23:36.000 We'll pull it up right now.

01:23:37.000 Okay.

01:23:37.000 Hold on.

01:23:42.000 He said, would you recommend leasing a car?

01:23:44.000 Oh, with 100K down?

01:23:46.000 Or he has 100K a month?

01:23:47.000 Yeah.

01:23:48.000 100K a year he makes?

01:23:49.000 Yes.

01:23:49.000 Okay.

01:23:50.000 Yeah, I mean, 650 is definitely decent for a lease.

01:23:52.000 Just make sure that you are negotiating your money factor, and you can also negotiate mileages and stuff like that, and just make sure that your buyout isn't crazy.

01:24:01.000 Some people end up loving the car so much.

01:24:03.000 much they're just like oh i want to buy it and then yeah they agreed to like a crazy buyout so good point uh FAHQ Matrix says, shout out to the guys.

01:24:14.000 I always purchase vehicles cash for business and personal.

01:24:18.000 I want to know why would someone choose financing over leasing?

01:24:20.000 How's your how it work out?

01:24:25.000 I think it's just, again, instant gratification.

01:24:27.000 Financing is an option for people.

01:24:29.000 I don't think a lot of people understand.

01:24:31.000 Most people are just limited on funds.

01:24:33.000 I see it all the time.

01:24:34.000 And, you know, I get it.

01:24:36.000 I'm nowhere near where I need to be financially, but I get it.

01:24:40.000 People just don't have money.

01:24:40.000 And it's just an option for them.

01:24:42.000 And like, you know, you get that synchrony card.

01:24:44.000 I'm going to go to Best Buy.

01:24:45.000 Oh, I can't afford this TV.

01:24:46.000 It's $1,000, $28%.

01:24:47.000 Like people don't think about these things.

01:24:49.000 Just the product, these micro loans and macro loans, just the product.

01:24:52.000 You know how I know that's bad to just that's your point?

01:24:53.000 Yeah.

01:24:53.000 Klarna and Afterpay are having problems getting money from borrowers.

01:24:58.000 Yeah.

01:24:59.000 Yeah.

01:24:59.000 Let that sink in.

01:25:00.000 Klarna, which is an afterpay system and afterpay, have problems getting money from clients.

01:25:05.000 100%.

01:25:05.000 So if the companies that are giving people loans to get furniture, to get clothes, to get tickets for concerts, are having problems getting money from their clients, imagine a dealership, you know, a store.

01:25:19.000 Like it's these are bad times, guys.

01:25:21.000 These are really bad times.

01:25:22.000 People are not where they need to be.

01:25:23.000 Look on social media, but like they're not really where they need to be.

01:25:26.000 Yeah.

01:25:26.000 So 100%.

01:25:27.000 Like, I agree with you.

01:25:28.000 And I think it gets, you see it worse and worse i'm not perpetuating some like fear-mongering thing to be like oh the economy is crashing like i've been saying the car market's going to crash for like a year and a half now has it no but there are just well they belong in it though come on come on and then at the day like you know there's just bigger things that i can't control you know it's just it's beyond my like what i can tell people um but yeah i mean things are getting bad people don't have money i mean the average salary is what three four grand a month and people are paying thousand dollars for a car payment five hundred dollars for insurance fifteen hundred for a rent like where is the peace

01:25:58.000 and calmness there there is none it just it's rolling over so yeah yeah it's tough bro really tough any more child bills yes Cool.

01:26:11.000 Dem eyes. 0.76

01:26:13.000 Might drop some major knowledge on his cars there.

01:26:15.000 Money's not in cars unless it's rare.

01:26:19.000 I kind of, yeah.

01:26:20.000 I don't drive, man.

01:26:21.000 So for me, it's just not.

01:26:22.000 I'm the worst person asked because I don't drive.

01:26:24.000 If I drove more, I'd have probably a different outlook on a car.

01:26:27.000 I don't drive.

01:26:28.000 So that's why I always keep my opinion out because I understand that for most people, a lot of people drive all day.

01:26:34.000 A lot of people spend hours in their car, right?

01:26:36.000 Obviously, if I was spending hours in my car every single day, that would change my outlook on, you know, what kind of car I want to get.

01:26:41.000 You probably want to get something nicer so it's not as miserable.

01:26:43.000 But as someone like me who walks everywhere, I'm just not in a position to ever talk about cars.

01:26:48.000 So I always stay away from it because I think it's very – I think it's not good.

01:26:53.000 I don't think it's a good idea to give advice if you can't, like, empathize.

01:26:57.000 Yeah, you don't understand.

01:26:57.000 Does that make sense?

01:26:58.000 Yeah, like if you don't understand their gripes, like, you know, how are you going to be able to sit there and tell somebody, oh yeah, you need to do this when you don't empathize with them.

01:27:04.000 I think the best advice that can empathize like dating yes we've been through it so we know yep but i think to put perspective myron like you know you're very big in real estate and investing and whatnot.

01:27:16.000 So like when I was in Atlanta, there was a lot of homes that people bought for investment.

01:27:19.000 They just dropped it because they didn't understand how hard money works.

01:27:22.000 They didn't understand like all these things that when it came to, you know what I mean?

01:27:24.000 Like it was easy to grab that money and like buy that home, right?

01:27:27.000 So I think that's sort of like in line with what I think of cars.

01:27:30.000 Yeah.

01:27:31.000 So like exactly.

01:27:31.000 So like with, you know, if we're going to talk real estate, you know, I could definitely give some good advice.

01:27:35.000 But when it comes to cars, like this is not my lane at all, especially since the market changes so much.

01:27:40.000 And then also, because like if you make one mistake, it can have dire consequences.

01:27:44.000 100%.

01:27:45.000 I would say like with cars, it's at least with a house.

01:27:45.000 Right.

01:27:48.000 Like, let's say you, you fuck up or whatever, you can always kind of sell it and break even to a degree. 0.99

01:27:52.000 With a car, if you make a bad mistake, you're probably going to, you know, go super under. 0.99

01:27:56.000 100%.

01:27:57.000 Yeah.

01:27:57.000 So I think with cars, you have to be even more of a stew of the market and know what you're doing and understand value.

01:28:02.000 you and you know everything else.

01:28:04.000 So yeah.

01:28:07.000 What else do we got?

01:28:08.000 And that's where guys like you kind of come in. 0.99

01:28:10.000 Because look, like I said before, niggas in here are going to go and buy their fucking Mercedes C class no matter what I say, right? 1.00

01:28:15.000 Like they're going to go in and try to get their three series or try to get a chick or whatever. 0.99

01:28:19.000 Like people are going to do it anyway.

01:28:20.000 So if people are going to do it anyway, at least they could talk to you guys.

01:28:23.000 And not make the mistakes that you guys might have made and give them some advice and stuff like that.

01:28:23.000 I'm so smart.

01:28:27.000 Like I know that one guy said he wants to do like a car renting business.

01:28:30.000 Like, you know, now I think, uh, highly discouraged.

01:28:30.000 Yeah.

01:28:33.000 Do it a car renting business for a minute.

01:28:35.000 You want to tell people like what, bro.

01:28:37.000 So first off, yeah, like getting the cars out.

01:28:39.000 Where's Chris.

01:28:40.000 He should be here in a second.

01:28:41.000 Okay. 0.99

01:28:42.000 Getting cards is one thing, but the market, especially where we're at in Miami, it's competitive as fuck. 0.99

01:28:48.000 You got niggas saying, you know what? 1.00

01:28:50.000 He's offering 400 for his Corvette, I'll offer 300.

01:28:54.000 So they're lowering prices to compete with you, and it's like, you don't get rentals.

01:28:58.000 And if you do, hey, here's the price for 300.

01:29:01.000 So now you're competing with people constantly.

01:29:01.000 Can you match it?

01:29:03.000 But also, here's the issue.

01:29:04.000 People drive cars fast.

01:29:06.000 They crash them.

01:29:07.000 So imagine you got one car.

01:29:08.000 It's crashed.

01:29:10.000 You got to make payments still to the finance company.

01:29:13.000 And it's not making any money.

01:29:14.000 It's in a shop getting fixed.

01:29:16.000 So all these things come into play, and people don't realize.

01:29:18.000 So it's a problem.

01:29:18.000 So two problems, people undercut you, and then if you do actually get the car rented, you have to deal with the liability of them potentially hurting, destroying the car.

01:29:25.000 And then while that car is out, you're still on the hook for paying for it, but it's not making you money.

01:29:25.000 Yes.

01:29:30.000 Exactly.

01:29:31.000 And that's just small things, but there's many things that happen.

01:29:34.000 What if the app, I don't know, says that you can't rent for a week or so, like the guy told you.

01:29:41.000 Issues with the app, you just never know.

01:29:43.000 And then, for example, people are making it now in rental game, have a network of people already.

01:29:48.000 They're friends in the industry.

01:29:49.000 Oh, bro, you're coming to town.

01:29:50.000 Here's so and so.

01:29:51.000 They're plugged in.

01:29:52.000 You are not.

01:29:53.000 100%.

01:29:54.000 And, oh, networking is this, you got a network i have a network so it was good for me to extend but like even me i struggled so imagine you with no network at all cooked you know not even that and you're able to eat a lot of the cost too yeah a lot of people can't eat those costs bro it hurt i got i got a big off for that look turro now a lot of people when they go buy cars like if he finance the car put it on turro turro's a data company.

01:30:16.000 They sell their data to other data companies and banks will pick up the car if you're renting it.

01:30:21.000 They can send some contracts.

01:30:22.000 You can't rent the car out.

01:30:23.000 That's another thing to add.

01:30:23.000 So Ally and some other things.

01:30:30.000 You said what that means?

01:30:32.000 Because guys, you can buy a car, but in the terms of agreements, you're not supposed to rent it.

01:30:37.000 100%.

01:30:38.000 And I think that's people don't read, right?

01:30:40.000 So that's why that's that video where the guy he bought three cars on Turo said it would didn't work out.

01:30:45.000 It was basically just a wash.

01:30:48.000 He, his customer was renting out the car, went to go shopping, and when it came back, it was repoed.

01:30:53.000 It called the thing like I was making on time payments.

01:30:55.000 You're not supposed to rent the car out, sir. 1.00

01:30:57.000 Oh, fuck. 1.00

01:30:58.000 Yeah, bro. 1.00

01:31:00.000 Could you imagine?

01:31:01.000 Yo, you imagine, like, imagine this.

01:31:03.000 You're in Miami.

01:31:04.000 You just pulled up to Brickle City Center, and you see the car gone.

01:31:08.000 And my man's like, ah. 0.99

01:31:09.000 I'm over here thinking you get your shit repoed because you didn't pay the bills. 1.00

01:31:14.000 So they can repo your shit if they find out that it's on Turo? 1.00

01:31:17.000 If it's in the finance company. 0.99

01:31:18.000 There's some finance companies that don't allow you.

01:31:19.000 If you do Uber, Uber will sell your information to the banks to say, hey, he's on Uber with this.

01:31:25.000 Because you got to sell it to the insurance company.

01:31:27.000 The insurance company will figure out what you're doing.

01:31:29.000 A lot of people, when you lie, they'll find out eventually.

01:31:31.000 So data, data, data.

01:31:33.000 No.

01:31:34.000 So imagine this, right?

01:31:35.000 Yeah.

01:31:35.000 I did not know that.

01:31:36.000 So imagine this.

01:31:38.000 this car is great but i need to make some money you say you know what i'll rent it out you rent it out you're like oh this is going great i'm making money from my car However, in terms of service and contract, you're not supposed to rent it out.

01:31:50.000 This is like plain as day. 0.99

01:31:51.000 They're going to rent it out, get repoed, now they're fucked. 1.00

01:31:51.000 Yeah. 1.00

01:31:53.000 Because you know what?

01:31:54.000 They're going to sue you after.

01:31:55.000 They're going to sue you and say you owe us this negative equity.

01:31:58.000 Especially leasing, yo.

01:31:59.000 People who lease cars and rent it out.

01:32:00.000 So, bro, imagine you have no car now.

01:32:02.000 You're being sued by the bank or finance company and you got to pay that money.

01:32:06.000 You're cooked.

01:32:08.000 Does that cook your credit score too?

01:32:09.000 Oh, yeah, 100%.

01:32:11.000 It's a repo.

01:32:11.000 No, no, no.

01:32:13.000 It's a repo.

01:32:13.000 But they're not repoing it on the grounds that you didn't make a payment.

01:32:16.000 It doesn't matter.

01:32:17.000 At some point, he had some negative equity, right?

01:32:18.000 So if they sold it at auction, you're going to sell a wholesale.

01:32:20.000 If you owe 45 with all the warranties and everything, which are cancelable, but still, and you sold it for 25 or 30, you owe 15.

01:32:27.000 You got to pay that money back.

01:32:29.000 Yep. 1.00

01:32:30.000 Damn. 1.00

01:32:30.000 So let's assume, because I'm just trying to think of, wow. 1.00

01:32:33.000 So they repo your car because you broke the terms, right?

01:32:36.000 Because you rented it while you were supposed to be, while it was under lease.

01:32:40.000 Yep.

01:32:40.000 Let's assume you keep paying every month.

01:32:43.000 You're eating the cost, right? 0.93

01:32:44.000 They're still going to fuck your credit score up? 0.97

01:32:46.000 So the contract's terminated. 0.91

01:32:46.000 Yes. 0.91

01:32:49.000 When they repo it, you're not making more payments.

01:32:51.000 Okay.

01:32:51.000 Like that's a loan that's been charged off, right?

01:32:54.000 The contract being terminated in itself is your credit score.

01:32:55.000 Yes, 100%.

01:32:56.000 Because you broke the finance contract, right?

01:32:57.000 So yeah, 100%.

01:32:58.000 But that's a horrible experience, right?

01:33:00.000 If you're renting a car.

01:33:01.000 That's almost worse.

01:33:02.000 Yeah.

01:33:02.000 No, that's almost worse because you think you're good.

01:33:04.000 You're making a payment.

01:33:05.000 It's like, yeah, my credit score is good.

01:33:06.000 That's actually worse.

01:33:07.000 Because at least if you don't make your payment, you know the Grim Reaper's coming for you.

01:33:10.000 Yeah.

01:33:11.000 You're hiding your car at your baby mama's house. 1.00

01:33:12.000 You're fucking parking on the side of the street when you go to work. 1.00

01:33:15.000 Like you know that they're coming for you. 1.00

01:33:17.000 Yep.

01:33:17.000 But bro, I can only imagine.

01:33:18.000 Your credit score is good.

01:33:20.000 You're renting it out, making some money on the side.

01:33:22.000 You're driving your other car.

01:33:23.000 You think everything's all good and dandy.

01:33:25.000 And then bam, the person that calls you says, yo, your car just got repoed.

01:33:27.000 Number one, that's embarrassing.

01:33:28.000 Yep. 1.00

01:33:29.000 And then number two, you're like, what the fuck? 0.99

01:33:30.000 And then I didn't know that they terminate your contract. 0.99

01:33:30.000 I made the payments. 0.99

01:33:33.000 And that is what fucks your credit score up.

01:33:34.000 Yep.

01:33:35.000 Because it doesn't matter why the contract was terminated.

01:33:36.000 Once they terminate it, ding on your credit score.

01:33:38.000 And you get sued too as well.

01:33:40.000 You can't get sued, right?

01:33:41.000 So, bro.

01:33:42.000 Hold on, let's be honest here. 1.00

01:33:43.000 They're going to sue your ass. 1.00

01:33:44.000 Yeah, 100%. 1.00

01:33:44.000 Because they want their money. 1.00

01:33:45.000 Yeah, yeah, yeah.

01:33:46.000 Yeah, 100%.

01:33:46.000 They want their money back.

01:33:47.000 Because remember, you have negative equity in a car.

01:33:49.000 So when they take it back from you, you still owe them money for the car.

01:33:51.000 Not payments, but you owe them money for the negative equity in the car.

01:33:55.000 And they're going to probably want it up front and a balloon payment.

01:33:57.000 They're not going to do it.

01:33:59.000 They might negotiate because there's a lot of money, but typically they want it back so it's possible.

01:34:02.000 There's a guy in the building here.

01:34:04.000 And you keep making those payments, you don't got the car to work. 1.00

01:34:05.000 Fuck, could you imagine? 1.00

01:34:07.000 And they did their credit. 1.00

01:34:08.000 Yeah.

01:34:08.000 So they took your car.

01:34:11.000 don't have it no more they ding their credit and you got to pay for it still so this guy in his building I almost call names.

01:34:16.000 Hit is yours repoed for renting out.

01:34:20.000 Bro.

01:34:21.000 Not even renting out.

01:34:22.000 I'm in North River Beach right beside Sunny Islands, right?

01:34:24.000 There's a repo company that's really big right next to me bro the amount of rolls royces lambos raw rees my man goes in i'm telling you i have videos just sitting there with my my camera just watching them boom and are they repo basically for renting a mountain i don't know but they're just saying in general i'm sure it could be one of those situations but the repo is that you see, my man's going crazy.

01:34:43.000 Well, that's something I learned today, bro.

01:34:44.000 I did not know that they can repo your ship for renting it like that.

01:34:47.000 Yo, you imagine calling turbopilot?

01:34:48.000 It makes sense now that you say it.

01:34:49.000 Where's my car?

01:34:50.000 And you call the guest and be like, uh...

01:34:54.000 So, I guess it's just, yeah, that'll be not a problem.

01:34:57.000 I mean, I never thought of that, dude, that you renting it out could be a violation of a lease.

01:35:01.000 Wow.

01:35:02.000 Yeah, repos are at an ultimate height nowadays, especially for rentals, too.

01:35:05.000 I'm Uber Eats.

01:35:06.000 Bro, that's the worst.

01:35:07.000 Oh, man.

01:35:08.000 Listen, I think that you brought up Uber Eats, man.

01:35:10.000 Yeah.

01:35:11.000 And whoever's watching this, if you are doing Uber Eats or Amazon delivery, yo, kudos to you.

01:35:16.000 Keep the hustle up.

01:35:17.000 Make your bread.

01:35:21.000 I want to buy a Hellcat.

01:35:22.000 I want to buy a brand new Mercedes.

01:35:24.000 Because I want to do Uber Eats.

01:35:24.000 Why?

01:35:26.000 Why the hell are you bringing food and luxury?

01:35:28.000 Yo, come on. 0.99

01:35:28.000 A Hellcat! 0.99

01:35:29.000 Yo, I'll deliver food and luxury. 0.99

01:35:30.000 I'll be a nigga right there. 0.94

01:35:31.000 Yo, yeah. 0.98

01:35:34.000 That's God.

01:35:34.000 You still feel it.

01:35:36.000 You got dudes that will be like, oh my God. 1.00

01:35:38.000 I mean, I'm going to do Uber Eat Club.

01:35:40.000 Haram.

01:35:41.000 Haram is right, brother.

01:35:42.000 Yes, sir.

01:35:43.000 Tacos at the Hellcat.

01:35:44.000 It's crazy, man.

01:35:45.000 Or the guys that get to the bank, bro.

01:35:47.000 Or the guys that go buy a brand new Escalade to go do Uber Black.

01:35:51.000 Like they'll buy it for like 150 with everything.

01:35:54.000 And they know that their finance contract, yo, you imagine waking up and you're going to go do Uber and his repo.

01:35:59.000 Yo, like, bro.

01:36:00.000 So the chest said niggas want to get there fast. 0.99

01:36:00.000 Yo, could you imagine that? 0.99

01:36:04.000 Five star rating.

01:36:05.000 Yo, this nigga, quick. 1.00

01:36:06.000 Yo.

01:36:07.000 Yo, you pull up that video.

01:36:08.000 That's one of my most of you.

01:36:10.000 The dude that had a Hellcat wants to get a demon.

01:36:11.000 He was paying 1200.

01:36:14.000 1,250 dollars a month.

01:36:16.000 He made like 4K a month for a Hellcat.

01:36:18.000 He wanted to get to a Dodge Demon, which is way more expensive.

01:36:20.000 Yeah.

01:36:20.000 It's crazy.

01:36:22.000 He kind of sounds like Gucci man because in the middle.

01:36:24.000 Is that still the fastest car in the world, zero to 60?

01:36:26.000 The demon?

01:36:26.000 One of them.

01:36:27.000 Yo, bro.

01:36:27.000 I think it's the fastest car in the world.

01:36:29.000 If you're doing a drag strip, he's a YN, right? 1.00

01:36:32.000 This is a gear talking.

01:36:33.000 Which one is this?

01:36:34.000 Scroll down, scroll down.

01:36:35.000 You'll see it like the- Keep going, keep going, keep going, keep going.

01:36:39.000 What does that sound like?

01:36:40.000 100,000 or something?

01:36:41.000 Right there, right there, right there, right there.

01:36:42.000 Right there.

01:36:42.000 Up, up, up, right here.

01:36:43.000 Right there.

01:36:43.000 12,50.

01:36:44.000 Up, that 22% interest rate.

01:36:46.000 Yo.

01:36:46.000 Play.

01:36:47.000 Guys, this diabolic one on a Dodge Hellcat.

01:36:50.000 Ooh, boy.

01:36:51.000 I see that you had that Dodge in there.

01:36:52.000 So I was just going to show you.

01:36:53.000 He's not going to show you that.

01:36:54.000 YN, $80,000.

01:36:56.000 You said you bought it for.

01:36:56.000 How many miles are on it?

01:36:57.000 My 96,0000.

01:36:58.000 And you owe six owners, three axes, man.

01:37:01.000 You owe how much?

01:37:01.000 I owe 60,000.

01:37:03.000 You are very upside down on this car.

01:37:04.000 What's your credit score?

01:37:05.000 Maybe like a 680 something.

01:37:07.000 Okay, 680, that's not bad.

01:37:08.000 That's decent.

01:37:09.000 How much money do you have down to get in the car?

01:37:10.000 About 2,000 to 3,000.

01:37:12.000 How much do you make a month?

01:37:12.000 I make it between 3,000 and 4,000 dollars.

01:37:14.000 And what do you do for work?

01:37:15.000 Amazon package delivery.

01:37:17.000 Is that why my packages get here so quickly, man?

01:37:19.000 You deliver packages to Hellcat?

01:37:20.000 It's about 30,000 dollars underneath on your Hellcat.

01:37:23.000 Man, I can't get the deal done with 2,000 dollars down.

01:37:25.000 I can't work on that, man.

01:37:26.000 I'm really trying to get in the car, bro.

01:37:27.000 With your credit score, I need at least 25,000 dollars down to even think about the deal making it happen, just because you're upside down a lot.

01:37:33.000 Six on the three accidents on your car, that's just going to take the value on it.

01:37:36.000 You have 96,00 miles, man.

01:37:38.000 That's way up there.

01:37:38.000 So I don't want to waste your time.

01:37:39.000 I have more money than that now, man.

01:37:41.000 Refinance the Hellcat at this point since you have a decent credit score.

01:37:44.000 But no, man.

01:37:45.000 That's not what I can do, unfortunately.

01:37:46.000 All right, man.

01:37:46.000 Appreciate it.

01:37:47.000 No problem, brother.

01:37:48.000 What is an obsession with Dodge Hellcats?

01:37:50.000 It's brought so much financial turmoil, bro.

01:37:53.000 I don't know why.

01:37:54.000 It's just...

01:37:56.000 Everything, man.

01:37:57.000 Okay, so back in the day, Sneaker wanted a Dodge Hellcat, right?

01:38:02.000 I told Sneaker, listen, bro, you buy this car.

01:38:04.000 You consider it a wine for life.

01:38:06.000 Because, bro, that's the typical car.

01:38:08.000 Scammers drive niggas that got low credit. 1.00

01:38:10.000 They want to race and be dumb. 1.00

01:38:16.000 Why would you spend $100k for something? 0.99

01:38:18.000 I can go get a sco screwdriver and laptop it's a big car get for theft bro yeah i saw a video one time dudes broke into a dodge dealership to steal them bro yeah yeah you know the craziest part those cars police are like yo dogs hell cut pull them over instantly pull them over yeah so any dog's car you drive bro you can pull over the profile bro facts bro yo um Damn, but I did not know that's something that I learned.

01:38:40.000 So what should people do if they actually want to buy cars to rent?

01:38:43.000 Like they got to get a financer that will allow that, right?

01:38:45.000 Yeah, but most people should be in a good financial situation because you have to have two, three months just in case that doesn't rent out, right?

01:38:51.000 Get a bank that-So there are lenders that will- That's why people don't want to do that.

01:38:58.000 Or what people will do, which I again, it's just it's a little bit, they'll like, you know, take money out of their credit card.

01:39:03.000 Like, you know, a lot of these guys what they do is they're like, oh, I'll get you 100k in business funding, which really means that I'll clean your credit up.

01:39:09.000 We'll get you some trade lines.

01:39:10.000 We'll get you some chase cards at like 50k and then you can cash out and then you can go buy it cash.

01:39:15.000 But the problem is, like you're paying 28, 30% interest rate on that card.

01:39:19.000 And it's a different amortization than an auto loan, right?

01:39:23.000 So that's one way to do it and then pay that off.

01:39:25.000 But yeah.

01:39:26.000 It's, you just got to read the finance contract.

01:39:28.000 Like, you know, imagine buying a Lamborghini and all of a sudden it gets repoed because you weren't supposed to rent it out.

01:39:33.000 And you can't put it on Toro.

01:39:35.000 You can't anywhere you put the VIN number, that company is going to sell that data.

01:39:38.000 People buy.

01:39:39.000 listen i have a tech startup called car late data is so expensive oh my god data is like if you want to be rich data is where it's at they they everything turro sells it to insurance companies so they can write you new premium it's it's crazy like at the end of the day people will sell anything just to make sure they caught up yep because i remember turro used to be the five years ago i saw a but so many people were doing it bro they'd have they'd be making an easy 10 20k on the side with a couple of cars but now it looks like they caught on to it yeah Yep.

01:40:08.000 Because they were doing under the leases that people got.

01:40:10.000 They're leasing cars and now, okay.

01:40:12.000 And that makes sense that these companies now, it behooves them to make sure that their stuff isn't on Turo.

01:40:19.000 So if it's on Turo, they're going to go, oh, but I'm flagged.

01:40:23.000 They're going to get our car back.

01:40:24.000 They run the VIN number.

01:40:25.000 Done.

01:40:26.000 Check it.

01:40:26.000 Done.

01:40:27.000 You know what's going to happen?

01:40:28.000 They're going to take the car back and sell it again.

01:40:29.000 Yep.

01:40:29.000 And the worst part is some people will do is-And you got to pay them.

01:40:33.000 Yeah.

01:40:34.000 100%.

01:40:34.000 Yeah.

01:40:34.000 The worst part is when you get a broker.

01:40:36.000 I've seen some situations like that lady that called when she had nine cars. 1.00

01:40:40.000 You get a broker who you're paying him him to pay the payments right or do something and he's keeping the payments the car's already been repoed could you imagine yes so this what happens right so i have a car i want to rent it out i send it to a broker right okay Right?

01:40:54.000 Like, all right, cool.

01:40:55.000 You know, there's a service fee and whatnot.

01:40:56.000 Real quick, what is a broker for them if they don't know it's a broker?

01:40:59.000 A broker is essentially just a middleman.

01:41:01.000 Doing tour renting our cars is a full-time job, right?

01:41:03.000 So you have to have somebody to man it, wash the cars, pick them up, take it to the airport, pick people up.

01:41:07.000 So he'll find the clients, he'll take care of the cars.

01:41:08.000 Yeah, okay.

01:41:09.000 Deliver them on the road.

01:41:10.000 You just gave one of the cars.

01:41:11.000 How to proceed. 1.00

01:41:11.000 So he handles all the bullshit. 1.00

01:41:13.000 So some brokers, they'll just say, I spent this, that and a third, and they never pay the car, nothing, right? 0.98

01:41:17.000 So they'll just get repoed and then just take it money from people.

01:41:20.000 It's scammy.

01:41:23.000 Very scammy. 1.00

01:41:24.000 Damn. 1.00

01:41:25.000 Yeah. 1.00

01:41:25.000 All right. 1.00

01:41:26.000 Well, I think at this point, man, you guys gave enough horror stories that I don't think it's in anyone's interest at this point to.

01:41:32.000 to uh oh no there's worse than this bro i remember five years ago renting cars was the thing bro everybody was teaching how to do it man using turro leveraging it etc but now it seems like this is a business that it's like amazon man everybody did fba for a little bit you made a little bit money and then if you got that notoriety boom sold a course and that's it that's where the people make their money they're selling the courses not knocking anybody selling courses i'm just saying yeah if it was that replicable that lucrative everybody would do it yeah everybody yeah there's a limit clearly There is.

01:42:01.000 Right.

01:42:01.000 And now it's regulated and it's way harder to get in.

01:42:03.000 100%.

01:42:04.000 And again, network is important.

01:42:06.000 If you don't network.

01:42:08.000 So from you, so I guess.

01:42:11.000 the biggest things that you would say is that people undercut, so be careful of that.

01:42:14.000 And then on top of that, what was the other thing you said?

01:42:16.000 Oh, they might destroy the car.

01:42:17.000 Issues come up.

01:42:18.000 And then I didn't even know about the financing thing.

01:42:20.000 Also insurance.

01:42:21.000 Oh, yo.

01:42:22.000 Bro, I've seen so many people get screwed over insurance, yo.

01:42:22.000 Yo.

01:42:25.000 Yo.

01:42:26.000 Yeah, yeah.

01:42:27.000 That's a whole other story.

01:42:28.000 A whole other story.

01:42:29.000 All right, man.

01:42:30.000 More of a serious episode.

01:42:31.000 Guys, don't do a car rental business, man.

01:42:34.000 Yeah.

01:42:34.000 That's you.

01:42:35.000 Don't do a car rental business.

01:42:36.000 All right, what's the next one?

01:42:37.000 Oh, man. 1.00

01:42:38.000 Damn. 0.99

01:42:39.000 Always, people like Admin Amwell in Dubai seem to be doing very well. 1.00

01:42:44.000 What the fuck is that? 0.97

01:42:45.000 People see that and believe that it's super easy and attainable. 0.99

01:42:48.000 Remember, bro, Dubai is another country.

01:42:52.000 It's in the UAE.

01:42:53.000 So they might be able to get away with things that you might not be able to get away with here.

01:42:56.000 Yeah.

01:42:57.000 And I'm sure lending is a lot different than it is in America.

01:42:59.000 So it might be.

01:43:00.000 Yeah, I don't even think they got used for that.

01:43:02.000 Yeah.

01:43:03.000 Well, for real.

01:43:04.000 Yeah.

01:43:04.000 I don't know.

01:43:04.000 I'm just saying.

01:43:06.000 A lot of Muslim countries don't practice insurance with percent.

01:43:10.000 But it's rewrapped in a very way that seems like it's user.

01:43:13.000 You know what I mean?

01:43:14.000 So, yeah.

01:43:15.000 I have a 2022 Kia Forte and still love it to this day.

01:43:18.000 And my credit score is 780 at the moment.

01:43:19.000 Stay grinding, boys.

01:43:20.000 All right.

01:43:21.000 Shout out to you, bro.

01:43:22.000 Oh, man.

01:43:22.000 Good stuff.

01:43:24.000 DCIRIS says, hey, I bought a 22F50.

01:43:27.000 last November 53k and 69k after interest payments are 1099 dollars a month and I make 80 100k a year what's that after tax 80k is like what probably 60 50k that's crazy I live at home with that and how do you regret buying the truck?

01:43:48.000 Any advice?

01:43:49.000 You said this is all your brother.

01:43:50.000 Listen, I sometimes...

01:43:52.000 How are you at 1099 employee, Pantone?

01:43:54.000 That's their crazy. 0.99

01:43:57.000 Damn, holy moly. 1.00

01:44:02.000 I never get this situation where I think taking advantage of living at home means you stack up your bread, right? 0.99

01:44:06.000 And you don't just go buy expensive cars.

01:44:08.000 that's why they're not saving them here 100 percent so there's an epidemic of guys that are middle class their parents are doing pretty okay they can stay at home and do their do their job right yep you're right they save up money they go by bnw m4 m5 m3 or uh mercedes and that's their biggest payment two to three k maybe maybe won't 500 and that's their claim to fame however in this case he's really is bad because he's stuck in it How does he get out?

01:44:38.000 I don't know his credit score, so I don't know how he gets out, right?

01:44:40.000 So I'm assuming if he's paying $1,000.

01:44:43.000 So if he...

01:45:15.000 I mean, if you grade credit score, if you have a business, I definitely would say like you probably start building up your business credit now.

01:45:21.000 So go maybe lease a truck underneath your business name or go buy a truck underneath your business name.

01:45:25.000 Trucks are a weird one in the market because they hold their value really well, especially diesel trucks, like old school stuff.

01:45:31.000 So diesel trucks will always be where it's at, especially with high miles.

01:45:35.000 So just shop the market, see what you need.

01:45:37.000 Don't buy, if you don't need a dually or a big truck or F-350, F-4, just don't buy it.

01:45:42.000 Buy what you need and buy within your means.

01:45:43.000 And then once you get the fourth, fifth truck, then you can kind of collateralize and go, you know, go to, because, you know, Ford and GMC, they have fleet solutions, right?

01:45:51.000 So you can go buy like, you know, three, four cars at a specific rate.

01:45:53.000 So that's what I would do to scale up.

01:45:55.000 Smarter.

01:45:55.000 All right.

01:45:55.000 Last one, Harry Bills or no?

01:45:58.000 Cool.

01:45:59.000 Then we're going to do after hours tonight as well, guys.

01:46:04.000 Like I said before, we'll start the stream on YouTube as well, but we're going to, again, guys, get ready to start streaming.

01:46:11.000 Like, get ready.

01:46:12.000 We're going to go green screen.

01:46:13.000 Yeah. 0.96

01:46:13.000 We'll do the green screen crap again. 0.96

01:46:14.000 Awesome. 0.73

01:46:15.000 But yeah, guys, get ready.

01:46:16.000 We're going to be streaming on Rumble and Kick for the most part.

01:46:18.000 Obviously, we're segwaying you guys.

01:46:20.000 But yeah, YouTube Ninjas, get ready.

01:46:21.000 How rare is a black under 100K miles Chrysler Crossfire that has meant 2007 everything works? 0.86

01:46:26.000 Oh, man.

01:46:26.000 I haven't seen a Crossfire in a minute, yo.

01:46:28.000 I despise those cars.

01:46:29.000 That's a legendary Pokemon.

01:46:31.000 Yo, it is.

01:46:32.000 Yo.

01:46:32.000 I don't know.

01:46:33.000 I don't keep up the market with those.

01:46:34.000 I'm not going to lie.

01:46:35.000 Just like the same comparison, I wouldn't even bother catching one.

01:46:40.000 Like, I don't know.

01:46:41.000 When I was in Greensboro, everybody would put 22s on there, put two 12s in the back, some kickers.

01:46:45.000 Yeah, that's what it was, right? 0.68

01:46:47.000 That's the nigga starter pack. 1.00

01:46:47.000 That was a tax refund package, so. 1.00

01:46:51.000 so yeah yeah okay um and then that is it for the chats awesome guys so great stream today uh yousif uh thank you for coming once again i thank you guys for inviting me uh you are a staple in the car marketplace adding real value i appreciate it because most people can can't do this or they don't because they want to make money off people and not care.

01:47:10.000 Well, I appreciate you giving me a platform to help spread the awareness.

01:47:14.000 This was awesome.

01:47:15.000 If people want to hit you up from behind you, it seems like you helped people get out of their underwater situations with cars.

01:47:22.000 I don't.

01:47:23.000 So I think a lot of people, like, I just kind of give them perspective on what they can do better.

01:47:27.000 Unfortunately, I'm limited because a lot of people are just too far gone, right?

01:47:30.000 So I just think it's just that these videos are to give you, are basically a foreshadowing for, like, you to say, like, all right, I don't want to be in the situation.

01:47:36.000 Let me buy smarter.

01:47:37.000 But, you know, obviously you can check us out.

01:47:39.000 Ride with Yusuf on Instagram, YouTube, all the other stuff.

01:47:41.000 You know.

01:47:42.000 You're based out of North Beach, Miami, right?

01:47:43.000 Yeah, North Beach.

01:47:44.000 Yeah, North Miami Beach.

01:47:45.000 Yep.

01:47:45.000 Also, guys, if you want a car.

01:47:47.000 at a good price, amazing specs, and great pricing and detail, check out Auto Cafe.

01:47:53.000 I'm going to be working with Yusuf.

01:47:54.000 I'm selling some cars as well for you guys.

01:47:56.000 Yep.

01:47:56.000 Not underwater, no bad deals, good deals as possible, but you should have a good credit score and have some money to put down.

01:48:03.000 Look, if you got a bad credit score, we'll get you in a car, just so you have to understand.

01:48:07.000 You know, me and shout out to DropTop Paul, I wish he was here.

01:48:11.000 Yeah, Paul, we'll get you into the best thing.

01:48:13.000 He's my partner at Auto Cafe.

01:48:15.000 So yeah, I like I said, I'm super excited for our collaboration and again, it was an honor for you guys to bring me on this podcast and help spread the word.

01:48:22.000 I think people got a lot of good information here.

01:48:24.000 So guys, we'll be back in about forty minutes or so with some lovely ladies for After Ours. 1.00

01:48:29.000 I love you guys and we'll be back in forty minutes.

01:48:32.000 Peace.

Fresh & Fit - August 25, 2025

Don’t Buy A Car Until You Watch This Video

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