press play to start video (Make Sure Your Volume Is Turned Up!)

In this guide, I’m going to break down how you can own an exotic car for less than $200/mo.

Without renting it out on Turo...

Without sharing your car and splitting the costs with friends...

And without becoming a flipper or a dealer.

Yes, I know that sounds outrageous, but stay with me.

First, we need to redefine what it means to say what something “costs”.

Tell me if this sounds familiar...

You want to buy a new car.

So you go online, and you see on all the websites a little box that says “estimate your monthly payment”

Then you can check 4, 5, 6-year loan costs, or even what lease costs look like.

Then you go to the dealer, and they ask, “where do you need your monthly payment to be?”

And this, my friend, is where the biggest transfer of wealth from consumers to dealers happens.

You see, car dealers have become exceptional magicians - they use the magicians’ tactic of “misdirection” to make you look away while they perform their tricks right under your nose.

By making you focus on your monthly payment alone as the indicator of whether or not you can afford something, they have trained you to ignore the reality of what it actually costs.

For example...

Let’s say you buy a new $50,000 BMW 4-series, and your monthly payment on that car is $1,000/mo.

After 6 months, you have paid $6,000 which is of course a mix of principal and interest.

But then, you change your mind, and you decide you don’t want the car anymore. So you bring it back to the dealer to trade it in, and they offer you $40,000.

What did the car cost you to own? The $6,000 in payments that you made?

No!

It cost you more.

In fact, it cost you $10,000 PLUS the interest on your six payments, and you’re what we call “underwater” on your loan.

As individuals, when we buy something, we typically don’t think about its exit.

We think about what we want, and what it will cost us per month.

This is a fatal financial mistake.

But that monthly cost is nothing more than a “carrying cost”, or the price you pay to actually possess it.

My proposal for you today is to change your mindset by no longer looking at cars through the lens of a monthly payment, and instead consider the total net cost to own.

What if, for example, you bought a preowned BMW M4 for $50,000 that’s a few years old.

Same monthly payment, it’s arguably a much better BMW in terms of performance, and it has already depreciated from its $90,000 price tag.

Six months later, you can sell that same M4 for $50,000 again after making $6,000 in payments.

With interest factored in, let’s assume you owe $45,000.

Instead of losing $10,000+ on a new 4-series, you got to drive a more exciting, more expensive (when new) car, and you only spent $1,000, or ~$166/mo.

Most financial “gurus” out there will encourage you to buy a home - the nicest one you can afford for your monthly payment.

They say this because homes typically increase in value.

So even though you pay a LOT of interest, the expectation is that the home price increase outweighs it.

And, the government steps in to offer you tax deductions to help lighten the load.

A home is, generally speaking, a great place to park your money.

What people are not talking about is the fact that the right luxury and exotic cars, if they’re purchased after they’ve already depreciated, are also great places to park money.

Exotic cars typically depreciate by 30-50% in their first three years.

But then, they stop depreciating.

The values stay steady, and even trend back up over time, with depreciation only taking place with excess mileage or damage.

Let’s use the Lamborghini Gallardo as an example.

New, these cars were about $185,000 in 2008.

By 2010, they were trading at $95K, 50% off MSRP.

Today, they have slowly climbed back up, and it’s very difficult to find a clean one for under $100K with great examples reaching as high as $125,000.

At any time between 2010 and 2024, you could have bought one for around $100,000.

Your monthly payment would have been in the $1,500 range.

I’m not going to try to justify a payment that high to say it’s not expensive.

For most, it is.

But what’s important is that, if the car is no longer depreciating, then your monthly payment is not an expense. It is a carrying cost only.

With every payment that you make, most of those dollars are going into the equity of the car, and at any time you can sell the car for $100,000+ and recoup 80% or more of the money that you put into your monthly payment.

Just because you’re spending $1,500/mo does not mean your car is COSTING you $1,500/mo.

If you made 20 payments at $1,500/mo, and then sold the car for $100K, you would have made $30,000 in payments.

Roughly, you’d still owe $77,000 on your loan since some money went to interest.

So $23,000 is returned to you as if it were sitting in a savings account.

And all told, it cost you $7,000 total, or $304/mo over 20 months, to drive a Lamborghini.

Now, at this point, there are two key elements you need to understand to make this successful.

First, you need to know how to buy the right car that’s already depreciated, and at the right dollar so that you can get your money out when you’re done.

This is exactly what I teach at Exotic Car Hacks.

How to select the car and accurately predict its future value so you know what you need to pay TODAY to keep your payments safe.

Second, you need to understand that this concept isn’t new.

It wasn’t invented yesterday.

This has been a reality in the mass market for over 20 years.

And the industry has fought tooth-and-nail to keep in from you.

And now, you’re gonna ask about insurance and repairs.

Because exotic cars cost a lot of money to fix, and insurance is quite high.

That would wipe out any savings, no?

No.

In Florida, to insure a 25 year old with a decent driving record, it would cost you roughly $1500 every 6 months for a Kia.

To insure that same driver for a BMW M5, would rise to $2100 for 6 months.

So the real cost addition on the exotic car isn’t $4,200/year..

It’s $100/mo.

Would $100/mo extra prevent you from driving your dream car, especially when driving that dream car is already SAVING you hundreds of dollars a month over a car that’s constantly depreciating?

Of course not.

But how is this even possible?

The majority of your insurance cost goes towards what they call “liability” - in the event you seriously injure someone, or worse, you’re paying into your ability to pay for that claim against you.

So if your liability cost is $1,000 every 6 months on the Kia, it’s the same on an M5, a Lambo, Ferrari, etc.

So only a small adjustment is made when it comes to the value of the car you’re insuring.

YOU cost more to insure than the car.

And at Exotic Car Hacks, I can show you how to lower that insurance payment on the exotic even more.

You see, insurance companies actually LIKE to insure exotic and luxury cars for two reasons.

First, they’re driven fewer miles, so there is simply a lower probability of a liability incident.

Second, they are crashed less often because there are fewer of them on the road and the owners tend to care for their dream cars and therefore drive them more responsibly.

Finally, let’s address the last elephant in the room: repairs.

Most people dismiss the idea of buying a used car because they believe that it entails paying out of pocket for repairs, and those repairs have huge costs due to the nature of the car.

This is simply untrue.

Many of these cars can be bought with a “Certified Pre-Owned” factory warranty, which means that in the rare event of a catastrophic failure, it costs nothing out of pocket to fix.

How is that possible on a 10+ year old car?

Well factory warranties and CPO warranties are very different on exotic cars.

Even after a factory warranty has expired, an exotic car can be sold with a certified warranty from the manufacturer.

One of the reasons manufacturers do this is that they are aware of the misconception that a catastrophic failure is imminent on a high performance car.

But it’s actually quite the opposite.

Modern technology and engineering has made post-2000 era sports cars extremely reliable.

I have seen Lamborghini Huracans with over 100,000 miles of abuse (they were rental cars) that never needed more than brakes and fluids when being serviced.

No blown motors or transmissions, no hyper expensive repairs.

So the manufacturers are happy to offer new CPO warranties to give buyers peace of mind when they know they won’t have to pay out a claim on 99.9% of the cars that have the warranties.

But let’s assume you don’t get a warranty.

That’s more than okay.

First, like I mentioned above, these cars are bulletproof reliable.

Most major exotic car manufacturers are owned by megacorps like Volkswagen or Fiat/Chrysler.

They share many parts and engineering brainpower.

Second, you never EVER have to pay dealer prices for service.

Most dealer technicians are actually the least qualified people to work on your car, and dealers charge the most for the privilege.

The best dealer techs eventually leave, open up their own specialty shops, charge less than half of what the dealer charges for the same service, and do it better.

I have a whole list of these shops from all around the country in Exotic Car Hacks.

I hope that by now, all of the information in this post has piqued your interest.

And I’d love to take you to the next level by showing you all of the nitty-gritty details and even helping you get your first (or next) exotic car without it costing you an arm and a leg to own.

Get All The Training, Resources, And Community To Hack Your First (or next) Luxury Or Exotic Car Without Losing Money