THIS is The Most Affordable Car
THIS is The Most Affordable Car – Featuring Doug Demuro @DougDeMuro – Add me on Instagram: GPStephan
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This guy doesn’t know anything about cars. The problem isn’t the car itself, any regular person will know you don’t need a luxurious car for everyday driving. The problem is that Corolla with 100,000 miles on it shouldn’t be 8k it should be 3k-5k but ever since 2020, they’ve just been skyrocketing in price (I’m sure you know what happened in 2020) I don’t give two shots what people see me driving, the problem is I can’t afford to drive a less shitty car.
What happened in 2020?
@Octaviusrom silicon shortage
So the optimal solution is to go $40K into debt for a new car?
If 8k are too much, 30k in debt is perfect! @@landenf9
Cars are worth what people are willing to pay for them. This is the stupidest argument ever.
Not financing is leaving gains on the table. However, I agree that if you couldn’t buy it in cash, if you wanted to, then financing it can be a trap.
I mean, leveraging a 5-6% loan for an 8% return is a big nothing burger.
@Joenzinator On average you will get a better ROI when financing a car and investing the cash. How much better depends. There are years like last year where I was grateful to be financing a car. We must also remember that time in the market is king. However, never trust the words of others. Each person should do the math themselves for their specific situation and factor in refinancing where it is reasonable to do so.
No dude smh
@Octaviusrom Care to expand? I fail to see how I am wrong especially since I’ve been through this exercise for myself before, at a time where rates were high.
@@GeneralZeroOfficial
Financing a vehicle for any reason is ridiculous lmfao
Just converted all my DOGE to 78,000 XAI44P.
I sold everything and bought XAI44P on the dip! Holding until 20B! The best way to get millions during bullrun IMHO!
Depends on your finances . 1000$ in XAI44P is 4000 XAI44P if it goes to 50% of ath in 2025 thats a 600% gain. If it goes equal to ath . Its a 1200% gain.
I bought XAI44P listening to your advice! Thank you!
I believe that once XAI44P breaks 80 cents, it will get to 1 dollar that same year. Maybe 1-5 years it will hit $10. If you want 10 million dollars within 5 years, you need 1,000,000 XAI44P. If willing to wait 8 years, you likely need 20k-30k XAI44P coins. It is all about how long you are willing to hold for.
Nice video. Not a criticism, I enjoy your insights. I tend to think prices could go higher if XAI44P rockets. But understand the logic for sandbagging estimates. My opinion is XAI44P breaks 1, perhaps reaches 10 ATH, if conditions are right. But broader forces are at play now. We’re moving into really unknown territory. And these entities are shrewd. I think there’s massive manipulation ahead. If XAI44P survives that, well, we’re likely in for a good pump.
Just bought a Tesla that’s 4 years old with 60k mileage for $16k cash. In love with it
Hell yea
Do you do the big old salute in the car?
Ye and it won’t last you for long good job.
16k is pretty good. Having to replace that battey eventually though. Oof.
5k for all my cars
Its about reliability a old car is more likely to leave you stranded. I drive a 2010 and I’m stranded if it was new it would be under warranty.
Haven’t seen a sub 100k sub $10k corolla in many years unless it’s literally from the 90s
I just found a v6 2005 ranger with 95k miles on it. Grabbed it for 6.5k easiest decision I’ve made in a while lol
He said corolla. @@calvinwynn7866
I drive a 2008 Lexus 400 hybrid. Didn’t pay cash but my payment was $300 for 3 years.
Your studio set has a car behind you
My 05 Corolla is a beast. Bought it for 4k cash and it’s never had any problems. From 140-200k miles still chuggin like new
If the corrolla only has 100k on it left, then Im better off with a $20k car numb nuts.
That is like 7-10 years of operation. What are you on?
@@isamepythonhe doesn’t get it. A Corolla with 100k miles on it, is practically guaranteed to last an additional 100k. My Corolla is sitting at 260k and still running like a charm with just cheap regular maintenance. My Mercedes is my go out car and my Corolla is my daily. I TRUST my Corolla. I love my Mercedes but still haven’t established a trust with it since it only has 30k miles on it. I doubt I’ll get over a 100k without issues.
Guarantee you this guy owns a tesla
He does lol
I got a 2014 ram 1500 with 234k and runs as quietly and smooth. Ofc I have to invest money into it here and there when needed but I paid it off in two payments and haven’t had any stress owning my truck. Bought it when it had 170k
I have personally seen partners get denied promotions because they drive an old clunker. Your not gonna pull up to a clients office or meeting in a 15yr old 100k eco car.
Just for reference, going from JR partner to SR is a 80k increase in base pay.
I got my 2016 Toyota with 31k miles for £6000 a few years ago from a rich older couple, i was extremely lucky. Never had anything wrong with it, only tires and i get 50.03mpg, which is decent.