Pejman Ghadimi
๐ค PersonAppearances Over Time
Podcast Appearances
But then you take that money and you move it to the next car. And the argument is the 200K you paid for that Huracan is still in the Huracan. So when you go by the event door, well, you don't have 200K of that money that's not gone and depreciated. And you can buy a nicer car and you can drive that too. Like the argument is not that you should not use your car. You should collect it.
But then you take that money and you move it to the next car. And the argument is the 200K you paid for that Huracan is still in the Huracan. So when you go by the event door, well, you don't have 200K of that money that's not gone and depreciated. And you can buy a nicer car and you can drive that too. Like the argument is not that you should not use your car. You should collect it.
And it's the only way you make money. We, all of our programs specifically with every single exotic car teach you exactly which cars you can drive, how many miles. So it tells you like, Hey, if you have a Lamborghini, you can drive it 2000 miles. But if you have this Ferrari, you can probably drive it 5,000 miles. This Rolls Royce, you can drive it 7,000 miles.
And it's the only way you make money. We, all of our programs specifically with every single exotic car teach you exactly which cars you can drive, how many miles. So it tells you like, Hey, if you have a Lamborghini, you can drive it 2000 miles. But if you have this Ferrari, you can probably drive it 5,000 miles. This Rolls Royce, you can drive it 7,000 miles.
So like, it's almost like re understanding how leasing works. except without the loss in the payment. You know, leases are pretty expensive, so they're just a huge scam. But the whole idea is that it's the same ideology where you know exactly what your loss is, and you also understand what mileage restrictions you could put on these cars. And you can choose.
So like, it's almost like re understanding how leasing works. except without the loss in the payment. You know, leases are pretty expensive, so they're just a huge scam. But the whole idea is that it's the same ideology where you know exactly what your loss is, and you also understand what mileage restrictions you could put on these cars. And you can choose.
Like, I have four different SUVs so I can switch between my cars, and that way it never really adds up terrible miles. But I drive the shit out of all my cars. So I drive all my Bugattis, crazy $3 million cars, and I don't care. But because I have 10, I can put mileage differently on each of them.
Like, I have four different SUVs so I can switch between my cars, and that way it never really adds up terrible miles. But I drive the shit out of all my cars. So I drive all my Bugattis, crazy $3 million cars, and I don't care. But because I have 10, I can put mileage differently on each of them.
And even if one loses, let's say I buy a $3 million car and lose 50 grand because I overdid the mileage, my other $3 million car will make me 200 grand. So it's like the offset of doing that. But as you get better in the game and obviously as you get richer in life generally, you make better money decisions because you understand that concept.
And even if one loses, let's say I buy a $3 million car and lose 50 grand because I overdid the mileage, my other $3 million car will make me 200 grand. So it's like the offset of doing that. But as you get better in the game and obviously as you get richer in life generally, you make better money decisions because you understand that concept.
you said something and i want you to look at this camera over here okay and explain why are leases a huge scam okay so leasing is a huge scam because you're buying the worst depreciating cycle of a car what that means is when you go do a lease they give you a down payment and they give you a monthly payment and they tell you that monthly payment can be taxed written off so it makes sense for you to buy that car
you said something and i want you to look at this camera over here okay and explain why are leases a huge scam okay so leasing is a huge scam because you're buying the worst depreciating cycle of a car what that means is when you go do a lease they give you a down payment and they give you a monthly payment and they tell you that monthly payment can be taxed written off so it makes sense for you to buy that car
The problem is if you do the math on the down payment and all the fees you paid by the time you own the car and the mileage you put on, this will tell you that over the course of the three years, two years, or 12 months you own the car, you lost, for example, on a Lamborghini anywhere from 20, 30, 40, 50 grand, depending on what kind of car you bought. So think about that.
The problem is if you do the math on the down payment and all the fees you paid by the time you own the car and the mileage you put on, this will tell you that over the course of the three years, two years, or 12 months you own the car, you lost, for example, on a Lamborghini anywhere from 20, 30, 40, 50 grand, depending on what kind of car you bought. So think about that.
You drove the car with limited number of miles, 2,000, 3,000 miles, whatever, over the course of three years, and you lost 50 grand no matter what. Now, at the time...
You drove the car with limited number of miles, 2,000, 3,000 miles, whatever, over the course of three years, and you lost 50 grand no matter what. Now, at the time...
the actual car is bought back by lamborghini it's worth more so you turning in the car makes the car worth more today because of the mileage being low and on the used market the car only depreciated 10 percent his first year but your residual was like 30 percent less so You gave up all this money and the manufacturer remakes the money.
the actual car is bought back by lamborghini it's worth more so you turning in the car makes the car worth more today because of the mileage being low and on the used market the car only depreciated 10 percent his first year but your residual was like 30 percent less so You gave up all this money and the manufacturer remakes the money.
So basically they're guaranteeing volume out of cars by creating a bunch and they're putting them out in the market and you're buying the worst depreciation cycle disguised as a tax write-off and disguised as you don't really have an issue with any kind of like maintenance or repairs. So that's why you want to get a lease. Most cars today are made with Bosch parts.
So basically they're guaranteeing volume out of cars by creating a bunch and they're putting them out in the market and you're buying the worst depreciation cycle disguised as a tax write-off and disguised as you don't really have an issue with any kind of like maintenance or repairs. So that's why you want to get a lease. Most cars today are made with Bosch parts.