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

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Aug. 25, 2025 - Fresh & Fit

01:48:32

Don’t Buy A Car Until You Watch This Video

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	Welcome to the FreshMint podcast guys.
	Today we're here with Yusuf to cover cars, how to buy, how to sell.
	Let's go.
	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,
	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?
	And I will never tell a lie And we're back.
	We're back.
	Fellows, any updates currently for you?
	I know we got stuff coming this week.
	Yeah, I mean, I'll be going to South Carolina on Thursday.
	I'll be there for the debates, guys.
	The Toxic Masculinity Tour.
	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.
	We'll live stream it.
	And yeah, that's pretty much it.
	And then guys, we're switching.
	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.
	I think we're only going to stream Monday Monday.
	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.
	And then all the other stuff, guys, we'll just do it over there because, you know, you know, it's better.
	Yeah.
	And then we're going to have a debate this week actually with Gary and Peshmer Gademi on numerology versus common sense.
	Should be hilarious on Thursday.
	And then tomorrow's show is going to be lit as well.
	But without further ado, welcome to the show, Yusuf.
	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.
	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.
	Then I went into like kind of mechanics and whatnot.
	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
	Packages of like warranties at $6,000.
	You don't care.
	You're just trying to eat.
	So definitely stressful.
	Then kind of ventured off and went back to school and then came back into the car game.
	Because people hate car salesmen because they try to sell them on cars and they feel like they don't care about them individually.
	Absolutely.
	I agree with that.
	Yeah.
	So when do you start taking phone calls of customers and putting it online?
	Because that's huge.
	You change the game by giving marketing for car issues and car sales and selling cars back to dealerships.
	Absolutely.
	So it's actually kind of funny.
	I actually started my notoriety from doing food reviews in Greensboro, North Carolina.
	It was just randomly like all these places that seemed, you know, run down and people would like not go eat there.
	I'd do that.
	And then all of a sudden kind of stagnated.
	And then I was like, I'm going to do an auction video because nobody does the behind the scenes for cars.
	So I did an auction video.
	I was telling people, you know, the car market's crashing because it was crazy.
	At that time, dealers was like, everybody was complaining about how expensive used cars were.
	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.
	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?
	Let me come and give some transparency to the game.
	So I just started taking people's calls.
	And then once I did one, it floodgates open.
	I mean, just calls and calls and calls.
	Because buying cars now is definitely a hassle.
	It was also a hassle, but even more so.
	And repo rates are really high right now.
	Yeah, the highest I've ever been.
	Why is that?
	It's a multifaceted problem.
	It's not just a situation where it's just because people don't have the money.
	It's also a situation where people, you know, it's a little bit political with the tariffs and whatnot.
	Also, I think people are genuinely being burnt out financially.
	Not a lot of people have any much money anymore.
	I see it all the time at the dealership.
	People call me, hey, Yusuf, you know, everybody inflates their income by like 50, 100%.
	I'm like, I make five grand a month.
	To get that deal.
	Yeah, it's like two grand a month, you know.
	Fellas, he's saying in a nutshell, you want to get a car?
	You're not doing so well financially.
	You say, you know what?
	I'm making instead of 50K, 80K.
	But the thing is, the game is, is there will be a dealership that will get you the deal approved.
	It doesn't matter.
	Like, you know, if you have a heartbeat, there are dealerships that will get it approved.
	And I think that's the crux of like why I do what I do.
	to let people know, take a step back and understand.
	But we call them because those places you don't want to go to.
	100% because you have to.
	Yeah.
	There's some lenders that are buyer payers structured and people just kind of.
	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
	bro my first car in america I had no credit, right?
	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.
	Toyota Camry, I said 92.
	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.
	They just get stuck with what they get.
	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.
	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.
	Well, I had a plan because getting the car was one thing, but paying off that year was the whole plan.
	100% paying off in full, getting on my credit score that was paid.
	Yep, but I'm not I'm paying more money than my boy's paying for his Mercedes.
	So my payers are definitely only if you have to.
	Exactly.
	And I tell people, if you have to, do it.
	Right.
	This is the deal.
	If you don't have any money, you can't borrow anything.
	Do it, but do it short term.
	Don't, don't stay with it.
	Don't wait until the last minute.
	You know what I mean?
	So, uh, listen, there's a financial product and loan for any situation.
	Mortgages, credit cards, cars.
	You can make it happen.
	You can make it happen, but at what expense?
	So real quick, uh, this year., Myron wants to get a car.
	No, I'm not getting a car.
	And we want to get him a car because Myron, he's a car.
	And at this point, how should he prepare to buy this car?
	Now Myron is a very frugal guy.
	That's all he wants.
	He wants us to be smart about his car purchase, but how should he start this journey of getting his first car?
	What should you look for?
	Well, I mean, Myron is very successful financially, so I don't think getting any car from him would be a problem.
	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.
	He's just trolling.
	Don't listen.
	No, no, just this guy.
	For the audience, for the, an example.
	Yeah, but my financial situation is not going to Exactly.
	I think we should do it for someone like 50k per year, someone a bit more average.
	Like, well, what route should they go?
	I think most people, right now, like car payments are creeping up to like $1,000 a month average.
	It's just crazy.
	And not even that, insurance rates have tripled.
	I've seen people pay $500, $600 a month for a Kia or a Honda.
	Yeah.
	So it's scary.
	Very scary.
	Yeah, I thought the car market was down.
	Why is it so expensive?
	That's the issue right now.
	It's down because people aren't able to turn over those loans.
	Right now, banks are stopping.
	And we get emails all the time, like banks saying, hey, we're pausing on lending right now until things get better.
	And these are like subprime banks.
	Subprime means anything under like a 580, 600 credit score.
	Like that's just bad credit.
	Do you remember the oil crash that happened?
	Yeah.
	Obviously.
	Yeah.
	It started with the car market first, then real estate, and then on from there.
	And these are the same kind of signs that's happening now where banks are saying, you know what?
	Hold on.
	We get everybody a loan, but now we need a whole buy because we're too over-leveraged with their dominant debt.
	So it's really like déjà vu happening all over again.
	100%.
	Yeah.
	I also think it's just, we are in an information overload day.
	Everybody just.
	They're as good as the last person they talk to.
	Oh, well, this guy told me to do this.
	It's like we can't think for ourselves.
	And all the calls that I get, it's crazy that people put themselves in that situation.
	I got four kids.
	I pay $1,200 a month for a car and for insurance.
	What should I do?
	I mean, bro, you make 3 grand a month and you have a 580 credit score.
	There's not much you can do.
	I just don't remember why.
	I remember, I don't remember you guys, but for me, I remember thugging it out was a real deal.
	Like, I would have a car, no AC, windows didn't work.
	Yeah, wait till I get into a better situation.
	Just people don't want to do that anymore.
	Sacrifice.
	Exactly.
	So he takes calls of people basically have problems with getting rid of their car.
	For example, they don't know where to go, how to get rid of it.
	He tells them the real, listen, you messed up here.
	Here's what it is.
	And it's very crazy because most Americans are in this scenario.
	We have some videos to play as well to kind of showcase what you do.
	But in the meantime, Joey, shout out to you for five subs on the chat.
	Appreciate you, Joey, for subscribing.
	And more on the way.
	So this is his Instagram here, right with Yusuf.
	And what's the first video we got there, Bills, in TakeOver?
	Here we go.
	Now, walk me through this video before we watch it.
	What happened here?
	Just FYI, I reposted this video four times.
	Each time, it got over 2 million views.
	It's been on like five news articles.
	Essentially, EV was like a big hype.
	Everything was so expensive.
	The Porsche Taycans, the Audi e-tron GTs, the Tesla Cybertrucks.
	Hummer EVs were going for almost 200K.
	Now they're worth like 75, 80K.
	So if you bought a Cybertruck at the beginning of its COVID times, COVID allocations, bro, you would have lost now what?
	How much money?
	50K?
	50, 100K sometimes.
	I believe it.
	Off the car.
	People were paying for those allocations.
	50K, 10K, premium.
	Crazy.
	Elon Musk, the political route kind of messed them up, man.
	100%.
	Getting into politics really hurt them.
	Absolutely.
	But yeah, EVs suck, bro.
	You know what?
	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.
	Yo, I like that.
	Damn, bro.
	You messed it up.
	I'm just kidding.
	To me, I think...
	Tell me about a video.
	Oh man, so essentially he bought He bought a Humber EV.
	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.
	He's paying $3,300 a month for this Humber EV and can't get out of it.
	I offered him like 90K at that time, and he still owed 175, but he couldn't get out of it.
	And by the way, I just prefacing this, all these are real calls.
	It's crazy that people aren't just stuck.
	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.
	Hey, Anthony, how are you?
	This uses it?
	You're still on our run?
	No much, man.
	So I'm calling about the Hummer EV you got.
	Let's go ahead and talk about it.
	You are upside down big time.
	And it's a little bit.
	Just a little bit.
	Only $100,000, right?
	$11,000 miles.
	What do you want out of the situation?
	Because you said you owe $168,000, and right now MFR and wholesale is right around $78,000.
	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.
	And, you know, I jumped on it and got it.
	I was in, I actually had two vehicles.
	I had a BMW X6 that was brand new, and I had a Silverado that was pretty new as well.
	So I traded both of those in, but I was negative on both of them.
	So I added that negative equity.
	Talk about a crap show.
	I put about $25,000 down.
	And I think that's obviously what helped the sale there.
	You know, I honestly should have walked out of there.
	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.
	What were your payments on the Hummer?
	Now it's at $3,300.
	I like it.
	I want it.
	Let's say I'll offer you $79 for it.
	You know, silent on scene, it looks like it's in good condition.
	You owe $168.
	We're about $90,000 in negative equity under.
	How would we tackle that?
	So you can come up with 40 grand cash or 40,000 dollars down or is that or you said 20?
	I said 20, correct.
	20,000.
	So right now we'll still be at around 70,000.
	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.
	So ideally, you would need at least 40,000 to 50,000 dollars down to get out of this Hummer thing.
	That's what I was saying.
	I mean, I'm into cars.
	I buy cars.
	I love cars.
	But I didn't think about my negative equity on my other vehicle.
	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.
	I mean, that doesn't make any sense.
	Yeah, unfortunately, brother, I'm stuck at, you know, 79.
	Even if I could push it to 80, we're still, we're still falling.
	Yeah, yeah.
	No, that makes sense.
	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.
	Well, yeah, but I really do appreciate the call.
	Yeah, I wish you luck and if you come up with some more money, let me know.
	I want it.
	Okay, thanks very much.
	Thanks.
	Yeah, sir.
	Bye.
	Okay.
	So, can you break down the call because it was a lot, but like most people, can you break it down?
	Sure.
	I mean, at the time, it was very easy to book loans.
	Banks were just buying.
	They were scared, you know, the economy was down.
	People weren't, you know, shopping around.
	They're like, you know what?
	Let's just buy.
	Buy, buy, buy.
	Banks were buying deep.
	They were buying any deal they could buy.
	So this guy obviously had two cars.
	He rolled over.
	What negative equity is essentially, it's a discrepancy between what you owe versus what the car is valued exactly, right?
	So if you have a 20k car, it's worth 15, you have 5k negative equity.
	If you had positive equity, it'd be worth 25, it's worth 20.
	So he had about 15,000 in negative equity.
	The bank allowed them to roll over.
	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
	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.
	So technically it adds up.
	It was more expensive to get the EV Hummer.
	So okay, I got you.
	Like they end up paying more monthly even though they might have more equity on paper.
	Absolutely.
	I see what I mean.
	Yeah, exactly.
	So they think they're consolidating their cars by getting one car, but that ends up being more expensive.
	So in this situation, I'm pretty sure I went up to $90.
	Maybe they cut that part out and it's always like get reposted.
	So you gotta change it up when you're ever repositing it.
	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.
	He's like, I don't know why the bank would give me this loan.
	Yeah, he was, yeah, just now.
	Yeah, he was saying like, I don't know how the hell I even got the loan.
	Listen, I know car dealers and.
	car salesmen get a bad rep, finance managers.
	But by law, there's like 50,000 pieces of paperwork you sign.
	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.
	You can look at it and say yes or no.
	It's just a lack of education.
	And that's why I have these videos.
	And that's why I have the advice videos for people to become more educated.
	And I've got a lot of positive feedback.
	People are like, hey, you said if you don't watch your videos, I didn't buy the car, whatnot.
	But there's still a lot of work to do.
	So here's the issue, right?
	You know when you sign up for an app?
	And there's agreement.
	Scroll down and hit I agree.
	Same thing with buying a car.
	No one reads that shit, bro.
	But it's pretty big letters.
	Like I do this all.
	Like it's literally like, come on.
	They should read it.
	Yeah.
	But they don't read it.
	100%.
	So when they go by the car, you're like, oh, I got a new car.
	How's everybody?
	And then you're fucked.
	But also, it's this instant gratification thing we're all used to.
	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.
	You know what I mean?
	Like, okay, you said 29%.
	You said, I can make it work.
	You think you can make it work.
	At the end of the day, all you heard was, I got you approved.
	Right.
	Or, yes, we can do the deal.
	That's it.
	That's pretty much how.
	enticing it is to people.
	So the repercussions of any financial disaster that comes from that.
	And it's kind of sad to see that I've had single mothers come in.
	I've had single fathers come in.
	It's just a bad situation if you don't think about vehicles, one of the biggest purchases in most average Americans' life, right?
	Well, they said number one just after your point that buying cars now is the biggest wealth killer known in America now.
	But you know what's crazy?
	That transcends into a mental well-being as well.
	It's stressful to keep up with your rent, a thousand dollar car payment, and insurance.
	rather than just stepping down your expectations and going to get a Honda.
	Dude, I drove a Honda Civic for so long.
	I drove a Beat of Mazda Tribute.
	Oh, I was chilling.
	You know what I'm saying?
	I literally, the AC didn't work.
	I'd have my hand out the window.
	Was I like stupid and I got like a BMW M3?
	I bought, I got my cars repo too.
	People think like I'm trying to sit here flex.
	I've been down that road.
	Yes.
	No, listen, I did it today.
	I got to practice what I preach.
	I was being stupid and I thought I could do it all.
	And I did it.
	How do you take us back to that feeling of getting a repo?
	Because, bro, my biggest fear is getting a car repo.
	That scares the shit out of me.
	Because that is painful.
	Imagine you are killing out your career.
	You're doing well.
	Things go down.
	You got dungering.
	That shit sucks, bro.
	I think for me.
	I think I knew it was happening.
	So it was a situation I was just like, yo, go pick it up.
	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
	what happens um but to be fair It kind of gives you perspective like where people are when it comes to repo.
	They'll go shopping, go buy some new sneakers knowing that they were three months behind of their car payment, right?
	Yeah.
	So it's just like where is the priority at?
	So it's sad, man, but what can we do?
	Right.
	So we mentioned earlier buying cars, right?
	How does somebody prepare to buy a car nowadays?
	What should they look for?
	Interest rates, you know, type of car, the spec.
	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.
	I think there's so much information out on the internet.
	So elementary.
	Like it's broken down to like one plus one equals two.
	for you to go buy a car.
	I think baseline, understand your credit score, understand your financial situation, and just do your research.
	Don't take your first option.
	Just shop the deal.
	tell that people all the time.
	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.
	Sometimes most people like will still get the car.
	It's crazy, man.
	It's just like this whole.
	Yeah.
	So I think preparing yourself, shopping around and just don't get stuck with the deal.
	If it looks bad, just walk away.
	It's easy.
	You just walk away and go to a different dealership, go to a different place and just kind of shop the deal.
	That's the best way to do it.
	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.
	There's a dark side where like people get into loans they shouldn't be getting into.
	100%.
	And it can ruin their career.
	Yep.
	Ruin their family's lives.
	And it's terrible because you got a new car, but you did it the wrong way.
	So that's always the downside of it.
	Okay.
	What about actual issues buying cars?
	What's the biggest issue you see people coming to a dealership to buy a car?
	Maybe it's low credit score, low funds.
	So Miami has been definitely a shift for me.
	Most of my clients, maybe it's the area.
	I'm in North Miami Beach, Auto Cafe.
	People, most of our deals have been cash.
	Like, dude's straight up buying Porsches for $90K.
	I'm like, all right, cool.
	Cash?
	Cash.
	So.
	But when I was in Atlanta and when I was in Charlotte, North Carolina, oh, 100%.
	I mean, it's sort of just a whole different ballgame.
	So definitely had 500 credit score people coming in.
	I think that's where it gets difficult when you have that.
	I was going to ask, why did they pay cash?
	Like, does their credit score suck so they had to pay cash?
	Like the last deal we had, dude owned a Chick-fil-A, said, you want to finance?
	He's like, nope, I'll pay cash.
	I was like, okay.
	I mean, either way, I'm going to get the money, right?
	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%.
	Right.
	So they're the intermediary.
	I don't do that.
	I just, I feel like that's putting you in a worse situation.
	That's like even more usury, which everybody's like, oh, you're throwing away money.
	And I'm not really pressed about two points, right?
	Not saying that I'm rich.
	I'm just saying like, it does it.
	It just's just, I get the bigger picture, but it just puts people in a bad situation, I believe.
	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.
	Their negative equity is getting worse and worse.
	And their income is getting more limited.
	It's just like, did you have to get the $3,500 apartment?
	Did you have to get it?
	It's just like, oh, you know, like, yeah.
	Like, why?
	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.
	Debts are incorporated.
	So now they don't do the whole like fake pay subs thing.
	Now there's like software like TurboPass and other like software out there that literally comb through your bank statements to verify income.
	So they'll see things that are being pulled out.
	So they really can't lie.
	So before you could drop.
	some fake pay stubs from someone's business and say, hey, this is what I'm making.
	So they pay me.
	But now you're putting your information to your account and they log in and they can see everything.
	So you can't lie now.
	Yep.
	Question for you.
	Yeah.
	This question's been asked for ages in the car world.
	I don't even know why they would lie about, like, why lie?
	Because you're gonna at some point, even if you get, okay, you lie, you get the car.
	Now you can't afford it.
	So it's like, but then they hide the car.
	I think in general people lie about everything, right?
	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?
	It's just trying to get the best first impression, you know, like, oh, you make 5,000 a month.
	And like with us, it's like, all right, we're going to see, right?
	All right, we're going to see, right?
	Yeah.
	So, yeah.
	So the question is, what's better for people to do now?
	Lease or finance a car and what?
	It definitely depends on your situation.
	I think leasing is a great option for people that are changing out of vehicles all the time.
	Just understand you're basically renting a car.
	And then there is an interest rate attached to a lease.
	It's called a money factor.
	So a money factor is, you know, if you have good credit, you have a low money factor.
	If you have bad credit, you have a bad money factor.
	Also, it's mileage dependent.
	I think there's a lot of myth that like you can't have a lot of miles at least you can.
	You can buy it before, even during.
	But I tell people all the time just whatever you were set out, just go a notch below.
	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.
	I just had the Range Rover I posted a video about.
	Thank you.
	So always buy you second hand.
	I mean, just like any other thing, whether it be watches or whatever, buying second hand, the depreciation is crazy.
	And you get to enjoy it.
	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.
	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
	it's like Even worse.
	So now you're paying even more money.
	And it's crazy to me that nobody understands interest.
	It's like, oh, you know, I bought this house.
	And I'm like, you probably paid three times the interest.
	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?
	Where is it on your?
	Range Rovers are notorious for depreciation.
	It was a 2021 or 2019 Range Rover I bought from the auction.
	Brand new was like 152 without taxes and everything.
	You can now get them four years later for 35k.
	Yep.
	How mad would you be if you paid like...
	Get them in for a Yusuf man.
	He's here live on the show for you guys.
	Expert in cars and, of course, car sales and loans.
	Go check him out.
	You got the video on Instagram, right?
	Yeah, I do.
	Yeah.
	Is it here?
	We haven't.
	So low key is like a shameless plug to try to sell the car because obviously I'm selling it at my dealership.
	But it's just a perspective to say there's no need to buy new.
	And a lot of people will be like, I see it.
	Let us know.
	Right there.
	It's right there.
	150k new.
	Yeah, it's worth about 30k.
	Okay.
	Let's play it there.
	2019 Range Rover L depreciated over $120,000 since it was brand new.
	This Range Rover was $150,000 plus.
	That's what that was.
	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.
	Remember, depreciation happens so that means you can depreciate them.
	They become more affordable.
	Here it is, 2019 Range Rover L fully optioned, 22 inch rims, automatic running boards, boom.
	Nice.
	Look at that.
	99,000 miles.
	Suede headliner.
	so much space in the back these cars will take care of you.
	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.
	So like I said, this is up for sale at autocafe.com.
	Check us out.
	We finance.
	We can get pretty much anybody approved.
	We have a wide variety of vehicles.
	And this Range Rover behind me is one of the reasons why you shouldn't buy.
	So this is about buying brand new.
	How much money you would have lost over that period of time?
	Without any, and that's if you bought cash.
	You're talking about interest and whatnot.
	You know, on 9% or 10% loan, you're losing more than that.
	So you know what's crazy about this car?
	It has almost 100K miles on it, right?
	And if the car is that bad, it would never get that far in mileage.
	Now, you've got to maintain the car, though.
	100%.
	And issues do come up.
	And these cars, if you don't take care of them, they will take care of you financially.
	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.
	I sold her an Audi Q5 two years ago and Audi quoted her $12,000 to get it fixed.
	I literally went down the street, bought the part off second-hand source.
	It was $1,100.
	Wow.
	So these are the situations that we get into because we're just like, oh, I trust you.
	Here, it is what it is.
	And there's just like, there's no due diligence.
	There's no research.
	It's just like, and then when they get that bad experience, they blame the dealership, everybody, right?
	It's just like, you made the decision, right?
	So to your point, keep this in mind.
	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?
	Absolutely.
	I mean, I remember one of the dealers around here charging like almost $500 an hour to like work on their thing.
	They do that because they want their warranty work to be paid, you know, more, right, from the manufacturer.
	So when it comes to these situations like that, you don't even have to go to like an author.
	Like a lot of people work at the dealership and go open up a mechanic shop on the side.
	It's an Audi tech.
	He knows what he's doing.
	He literally worked for Audi for 20 years and it's like 80% off.
	It's the same workers.
	By the way, the G-Wagon.
	The service is like $2 to $3K.
	I go to my guy, it's $400.
	Done within two hours.
	Aston Martin, when I had an Aston Martin Vantage, literally went to Aston Martin.
	$2,200 for an oil change.
	I would get it done for $300.
	Yeah.
	That's the issue of going to a dealership.
	Yeah.
	They will wax you.
	But isn't that covered if you bought it through them?
	Probably for a period of time, right?
	It's probably a limited warranty.
	Preventative maintenance, no.
	You can buy a warranty, but it's like if anything catastrophic happens, right?
	But like oil changes, rotors, stuff like that, they're not covered, right?
	So brakes aren't covered.
	Rotors aren't covered.
	Rotors are sometimes like...
	Even if you bought it from them?
	Yeah.
	So the name of the game is keeping you as a customer for life.
	100%.
	Once they can do that, they'll wax.
	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.
	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.
	So imagine.
	So anything maintenance, you got to pay.
	So imagine buying a car like that, right?
	It just come up.
	You got to pay for gas, insurance, maintenance.
	The car was, what, maybe like 2, 1 to 2k a month.
	Adding all those fees, it's cost you 3 to 4k, probably.
	Yep.
	It's crazy, bro.
	Diglett, shout out to your brother.
	Daughter Marco.
	Down the month, bro.
	I bet in cash, 90k, paid it all at once because I don't like paying shit monthly.
	Fuck it, the hoes love it.
	the hose love bro shout out to you brother listen No car payment, no insurance, and it's in your control.
	Well, he wanted it too, so it's like, you know, it is what it is.
	Yeah, buying cash is a bit better if you can, but holy.
	You bought your car in cash?
	No, it was given to me.
	What kind of car do you have, bro?
	It's an old, it's a 2002 Honda.
	My man.
	You're still rocking my 2002 Honda with the back of the camera.
	That's awesome.
	This is who you guys should be learning from about financial.
	Like, why am I on the show?
	Myra has it all, yo, 2002 Honda.
	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.
	A lot of these guys were are not going to do what I do.
	They're going to, they want a new car.
	They want to be able to get one.
	So at least, you know, you can teach them to navigate it properly.
	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.
	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.
	I'm like, you sure?
	Yeah, yeah, yeah.
	Yeah, yeah.
	That's what I'm saying.
	Because they're not going to, like, you could talk about being a minimalist all day.
	Like, they're going to still go ahead and buy it.
	So, you know what?
	You might as well at least teach them how to purchase responsibly.
	100%.
	So, um, but yeah, no, I'm, I still got a $2,200.
	That's awesome.
	Listen, listen.
	That's what's up.
	Yo.
	Yeah, that's like 2013.
	And he's going to have it forever.
	He's going to break down.
	You didn't buy a car ever in your life?
	I don't know if I bought...
	I mean, the Range Rover, we got that one, but...
	No.
	No, I don't think so.
	No.
	What?
	I hate this nigga, bro.
	I don't think so.
	Yo.
	I had that car since 2013.
	My dad had it.
	And then he bought it and he just gave it to me.
	So I was like, all right.
	Like, here you go, son.
	Habibi.
	Yeah, he gave it to me.
	That's a fun story, right?
	It's a cheap car, though.
	It was worth like maybe he bought it for like 3K or 4K or some shit.
	But the thing is, I expected, because you're from Sudan, right?
	Yeah.
	It's like every Sudanese is passed down like a Toyota Camry, but like a beige one.
	Yeah, yeah.
	That's like the signature Sudanese vehicle.
	Mine is silver, but yeah, close enough.
	Yeah, yeah.
	Wow.
	I bought mine.
	I bought it up here.
	Damn it.
	Oh, so funny story.
	We're in Romania.
	It was worth nothing, though.
	My dad bought it for like three or four K or some shit.
	Yeah.
	We're in Romania.
	He's like, he doesn't buy cars like me and you, fresh.
	He's smarter than us.
	He buys real estate.
	I'm like, bro, you're fucking right.
	This nigga's built to spend no money on cars.
	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.
	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.
	You know what I mean?
	Yeah.
	Yeah.
	Like our BMW 3 series, like, said entry-level luxury cars.
	That's hilarious.
	Yeah.
	Entry-level so at least you can, like, educate them on how to properly procure one without fucking their life up.
	100%.
	Yeah.
	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
	You customize the car here and there.
	So all in all, what you pay for the car is nothing compared to what you spend monthly for repairs, gas, maintenance.
	And when you end up looking at your car payment, it's way more than you expect to pay.
	So you miscalculated the car payment with everything else?
	That's number one.
	Okay.
	Number two, I would say is that the cars I bought, some of them were just like a marketing thing.
	I didn't do it for like the, oh, smart finance, just marketing.
	Get this car, pump it on Instagram, get leads.
	Actually, give us some new deals.
	It wasn't like I bought a car for that.
	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.
	Because sometimes the Lambo's weren't very usable.
	Like, daily.
	You know, it's not a daily used car.
	I would daily it though.
	I would daily it.
	Daily SV.
	There's nothing wrong with that.
	You bought it.
	Yeah.
	I know, but like, it's not smart though, bro.
	You know what I'm saying?
	The mileage and stuff like that.
	Well, then I didn't do too bad, but I did mess up a little bit.
	What would you say are the top three?
	Because you probably see this at an exponential level with selling cars.
	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.
	I'm trying to get rid of it.
	But it's in my ex-boyfriend's name.
	It's like they bought that car to mend relationship or whatever.
	You know, it's just like.
	So aligning yourself with someone else in the purchase.
	Right.
	Exactly.
	100%.
	Yeah, 100%.
	Somebody here probably is thinking about buying a car for their girl.
	Now they'll think twice.
	100%.
	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.
	Or not even that.
	Don't ask your mom or your dad, because sometimes I get calls from like mother saying like, yo, my son put.
	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.
	Guys, Turo is dead renting cars out.
	Thankfully, only specific group of people can do it, but it's not replicable.
	If it was that easy, everybody would do it.
	Yes.
	Definitely cooked.
	Because people buy, they finance on a personal level.
	There's not a business mentality behind it.
	It's like, all right, it's $400 a month.
	I can rent it out.
	And then they don't know what Turo takes, like, 50.
	You know, it's just, it's not well throughout.
	There's no proof of concept anymore.
	You got people that'll go buy nine cars off the bat.
	And they're.
	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.
	There's nothing I can do.
	And people look at me like, unfortunately, with all the calls and everything that comes, people can look at me as like, therapist.
	And then also, Yusuf, can you.
	pay 10k more for this car?
	I'm like, dude, it's a business.
	What am I going to do with that car?
	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?
	Dave Ramsey?
	Dave Ramsey, because everybody jokes.
	You could do Dave Ramsey of other cars, yeah, 100%.
	But it's so funny, it's not just a car thing.
	People are also like in high credit card debt.
	So it's like that manifestation of that vehicle, high interest rate, whatever.
	You can bet your bottom dollar, they have high credit card debt.
	They're paying crazy like rent on their and a lot of people are from Miami, from Atlanta, from DC, from New York.
	It's just crazy what they put themselves into.
	It just blows my mind.
	I just had a fucking idea, bro.
	Yeah.
	You should do a podcast about this shit.
	Nah, I need a podcast.
	Every Monday.
	This is legit.
	I need a podcast like every Monday, bro.
	You should do a finance talk or something.
	So basically people come to you whenever they're upside down on their car.
	Yeah, and I will tell you.
	100%.
	And unfortunately, there is no way out.
	Like, you're stuck.
	And I tell people all the time, just weather the storm.
	Like, okay, your car is repo.
	Build the next two years.
	I don't want to.
	I need to get him.
	It's genuinely...
	Yo, a Mercedes.
	It's like the rebound.
	It's like right there.
	I need a Mercedes.
	Yo, Yusuf, how can I go to a Honda after a Mercedes?
	Genuinely, these are what people say to me.
	I'm like, wow.
	Hold on.
	Tell him what you told me about people buying cars now.
	He bought cars that were affordable price, good cars, no issues.
	100%.
	People said fuck those cars.
	Give me the Mercedes.
	I'm like, bro, this is what you could afford.
	Look, data never lies, right?
	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.
	Like, oh, you see, if you don't have a Honda Toyota, I sell more Beamers, Audis, and Mercedes.
	Not to perpetuate the problem at the end of the day.
	It's my business.
	Like, you don't have to buy from me.
	And I tell people all the time, you're not just because somebody runs your credit, you do this, you can still walk away.
	When you see $1,100 a month and you know damn well you're.
	And you know damn well you're making $2,500.
	You should walk away.
	Yeah.
	Because that $1,100 doesn't even account for everything else.
	No insurance, no nothing.
	I can't believe people don't do the biggest tip I tell people all the time, shop your interest rate.
	It's crazy.
	Credit unions are demonized.
	Like, go to a credit union.
	Number two, interest rates for, I'm not insure, insurance rates.
	I've seen people pay four or five hundred dollars a month just, and that's associated with the vehicle.
	If you finance a car, you have to have insurance.
	If not, they're going to force insurance on it, which is even more expensive.
	Yeah.
	So, I think it's just a lack of education, instant gratification, and just people thinking they're so entitled.
	The worst customers are bad credit customers.
	They're 500 credit score, but they want to be treated like they got 800.
	You know what I mean?
	Like, oh, I want to get the Mercedes.
	Like, bro, you have a 500.
	What the hell am I going to do?
	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,
	life in check.
	Don't do anything stupid.
	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.
	I think she was doing OF or something.
	I can't remember.
	Oh.
	Yeah, that's the one.
	The white girl.
	Yeah, no, that one, she had $150K cash.
	Yeah, that's another one.
	But she was an OF.
	She was an entertainer, what she said.
	I don't know.
	Strippers, I guess.
	Stripper.
	Yeah.
	So this girl went to Miami, lived there, had an E400, something like that.
	And then she moved back to Atlanta.
	They rebuilt her car.
	She called me to go buy her car from the auction, sell it back to her.
	So that way she'd go look for a job.
	Yo, I could not make this stuff up.
	There's no way I was listening to this.
	So hold on.
	Just slow it down a little bit for the audience.
	I'm from Iron Games.
	So essentially there was a lady that called me, hey, Yusuf, like I just moved out of Miami.
	I couldn't afford it.
	It was too expensive.
	She was living in Brickle, blah, blah, blah.
	And she was like, I had my Mercedes repo.
	I'm like, all right, cool.
	And she said, well, can you go to the auction?
	Buy her Mercedes back and finance it back to her.
	I was like, yo, in my head, I was like dumbfounded.
	I was like, there's no way this is in front of me.
	And she's like, did she buy the car from you originally?
	No, she bought it from somebody else in Miami.
	So that was random.
	The random lady just saw me on Instagram and was like, yo, Yusuf, can you go?
	I'm like, no.
	I was like, even if I could, you had a like a five something credit score.
	couldn't find it to you.
	She had the nerve to hang up on me and have attitude with me.
	It was crazy.
	Like, let me guess.
	She was black?
	I guess.
	I don't know.
	This guy's going to get me in trouble.
	I've got to keep it race neutral here.
	But it's on my Instagram.
	It's one of the most viewed videos I had.
	It was crazy.
	Crazy, crazy.
	I just like the entitlement.
	And another lady who she had $150,000 cash.
	She wanted to buy a G-Wagon.
	Live with the moms.
	Didn't pay any rent.
	And she's an entertainer.
	She goes between Alabama and Atlanta.
	This time was in Atlanta.
	And she was like, can you find me a G-Wagon?
	I was like, do you want to buy a house first?
	Or, you know, give your mom something?.
	She's like, no, just find me a G-Wagon.
	I'm like, all right.
	Alma Soto G-Wagon.
	But she smartened up.
	She called me back.
	She's like, you know, Yusuf, it's so funny.
	Sometimes I do believe, not bullying, but just like honest discourse.
	Looking at some of these comments wakes people up because she looked at the comments.
	She was like, I can't believe they're coming for me.
	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.
	You need to go get a house.
	You look at those comments.
	Myron.
	All of a sudden, I think being honest and real works, huh?
	Yeah, it sounds crazy sometimes.
	Sometimes, at least.
	William 723 says, big things are going on here.
	As man that had 50 cars, this is my kind of episode, but I flip cars now sometimes.
	Pick up my brothers, keep it killing.
	50 cars is crazy.
	50 cars is crazy.
	And boy, it seems like he was in a car flipping business, maybe.
	Yeah, probably our dealer, yeah.
	There you go.
	Okay, Burchilly says, if the car is 30 to 45k, what is the best option?
	Finance 100% of the deal or 20% down to finance 80% or buy it cash?
	It's crazy.
	This actually I had a great video where a guy put $45,000 down on a Mercedes E63S that market on the E63S.
	I love the E63S, by the way.
	I don't know how you feel about them.
	Amazing cars.
	Yeah, amazing cars, right?
	It's basically Yeah.
	Brand new is like probably $120 or $119, but they're about between 69 to 80.
	This guy put $45,000.
	And I tell people all the time, putting down the least amount of money isn't the smartest option.
	It's just an option for you because you don't have any money, right?
	Oh, I only went away $500 down.
	How much do you have in your sale?
	Like it's like you only had 2k.
	You couldn't put more money down.
	So they were kind of hating on him.
	The more you put down, the less you finance, the less interest you pay.
	I think I had a depreciation schedule on my Instagram page.
	And on average, you're paying $5,000 to $10,000 a month just in interest on the first year.
	So none of that's being towards your principal.
	So in this situation-That's with everything, home loan, car loan.
	Absolutely.
	They always destroy you in the beginning with-Myron, you have no idea.
	People get so heated with me like, oh, I made $300,000 on my house.
	They had it for 15 years.
	I'm like, you probably paid more than that in interest.
	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.
	Absolutely.
	So yeah, I think putting down 20% is a smart.
	If you could put down more, that's even better.
	But you get better interest rates by putting down more money?
	Sometimes you do.
	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.
	And I tell people at the time, you can ask for that.
	what they've got you approved for.
	It's called a buy rate versus a contract rate.
	You can ask for that.
	Some dealerships won't give you that.
	If they don't, just go somewhere else.
	So go to a credit union.
	Navy, what is that?
	Fed, Navy Federal, USAA, Space Coast in Florida.
	All these guys are offering five, six percent.
	Yes, 6% interest.
	And everybody's like, I want to get it done to the dealer.
	The dealer's giving you $15.
	So, look, my producer here, Bills, wants a new Mercedes.
	Bills, which one is it?
	Damn, what is it?
	It's the GL8.
	Nigga, you don't know what car you want?
	No, I forgot.
	It's the GLE 63.
	GLC or GLE 63.
	Yeah, those are nice cars.
	Yeah, yeah, yeah.
	What's a good price range for him to get on it?
	Buy, use, man.
	It's two years.
	Yeah, yeah, use for sure.
	You'll save 50K off the front, off the jump.
	Yeah, not new.
	A good spec one, probably a couple years between 60 to 80 as well.
	Okay.
	Yeah.
	How much down should he put?
	As much as you can.
	I tell people all the time because, again, like Myron explained, this amortization is very important.
	And there's plenty of calculators.
	Go on Google.
	Put in what are you going to pay.
	It'll give you a schedule, how much you should pay.
	And if you're in a situation where you have a high interest rate, you can't get out, pay double payments.
	When the first payment goes towards interest, the next one you can put towards the principal.
	And I've seen people cut their loans as quick as two and a half, three years.
	So if you have a 72-month loan, you're paying two, two and a half times more, which is hard now.
	Not a lot of people have money.
	If you can, putting the extra money towards the principal, you can knock you down your loan by, like I said.
	A couple years.
	Yeah, a couple years.
	Good point.
	So yeah, Bill, as much as possible.
	Look for your car when it's time.
	Yes, sir.
	All right.
	What's the chat, sir?
	We got one more.
	Two more.
	A lot.
	We have...
	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.
	I'm pretty sure legal limit's 29.999.
	You're so cool, my boy.
	Maybe if he's in California, California does 32%.
	This could be like a title loan place.
	If your APR is 34%, my nigga, you're a co cook.
	I'm a man's trolling.
	I'm sorry.
	Yo, that's trolling.
	I'm a man's trolling.
	What can I do to lower my payment?
	Should I refinance?
	Bro.
	Bro.
	Go to that imaginary bank and tell him to take the car back.
	Wild.
	Mo Ali.
	Charles Castiglion showed that OSS in this episode is perfect because I'm planning to buy a car.
	So yeah, Mo.
	Again, watch the episode in full, but Yusuf is the man for buying cars for sure.
	What else here?
	Jay Alex says, would you recommend leasing for now until the market improves for buyers?
	There are some really good lease incentives.
	So yes, if you're looking to purchase a car, leasing.
	a vehicle can be very lucrative if you don't have a trade in with lots of negative equity.
	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.
	As far as the market, I mean, a lot of car dealers are seeing stagnation.
	I just think it's because of all the tariff news and everything that's going on with the EV credits and whatnot.
	So it's sometimes just white noise.
	Things happen.
	Then all of a sudden, boom, the next month, we probably will have a record sales.
	But for sure, if it wasn't for, I guess, social media, yes, I could definitely see why it would be a little slower.
	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.
	Again, I think people just need to understand their financial situation.
	I don't know what your credit score is, how much you make a month.
	You guys should just stick like Myers.
	Guys, if we're going to ask these questions, man, give us like an approximate because that obviously dictates the answer.
	So, guys, if we're going to ask these questions, like kind of give us an approximate.
	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?
	Their credit score, credit score, monthly income, and then, you know, do you have a trade-in, you know?
	There you go.
	Yeah.
	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
	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.
	Then I went to flipping cars on Facebook and on OfferUp back when OfferUp was good.
	And then I kind of scaled from there.
	Then I paused.
	I did system engineering.
	I went to school, worked at corporate America.
	I just, eh.
	So I think just...
	Exactly, right?
	So basically just diving in and understanding the whole world of what revolves around selling a car and understanding it.
	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.
	It'd be like, I use if I'm buying a car from you.
	As far as how much you should have saved, it depends what market you're in, probably 100, 150 k.
	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.
	You can do interest only, you can do fee only.
	Most of the brothers and sisters out there, they do fees as well.
	So floor plans can be halal if you just do like a fee structured type deal, right?
	So they just charge you per car, 500 bucks just to floor it, right?
	Hello, what's up?
	Yeah, usury is banned in, well, it's banned in Christianity too.
	And in Judaism too, right?
	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.
	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.
	So my aunt is Muslim and she gets 0% interest loans from dealerships because she can't get a regular interest rate.
	then that's just the dealership being nice to her.
	Yeah.
	That's just, yeah.
	That's just, most of them are looking out.
	Yeah.
	That's somebody looking out.
	Hey, Yusuf, would you hook a brother up?
	Always, man.
	If I can, I got it.
	0% for me.
	For you?
	Yeah, of course, man.
	Come on, man.
	You put me on.
	So I got to put you on, man.
	You guys, being on the Fresh Infit podcast, this is, you know, we can sell some cars, brother.
	Yeah.
	Sell some cars.
	Let's do it.
	All right.
	Albo Ace.
	Oh, no.
	We don't know.
	You finish those, right?
	You finish those, right?
	Yep.
	Yeah, so just, you know, have 150k say.
	There we go, bam.
	Now people are giving us some numbers.
	There we go.
	Biking.
	I have over 700 credit score.
	I was looking to buy Infini 60, my first SUV.
	Is there a good way to go about it?
	Absolutely.
	So, you know, car gurus shop around the vehicle and just make sure you're getting the best rate.
	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.
	So, I don't know, QX 60 probably.
	So they shouldn't go to the seller to rent to, you know, to get their loan.
	They should do it on their own, do their own dual diligence, then come you.
	100%.
	Yeah.
	And at the same time, it's not a situation where even if you go to dealership, just negotiate.
	It's crazy.
	Some people just like say, okay, I got a lady that bought a Dodge.
	Charger, not Charger.
	What's the big SUV?
	I'm drawing a blank here, even though I'm a car guy.
	Durango.
	Yeah, Durango.
	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
	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?
	Just do your due diligence.
	Like you're talking about something that's going to be five year financial commitment.
	And it's so funny.
	I know it's a little off topic, but the way that people go about their financial commitment.
	Again, like sort of translates what type of commitment they do in their life, right?
	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.
	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.
	It's sort of like crazy how that sort of explains, yes, exactly.
	Good point.
	Cool.
	We got that one right here.
	Interesting how the most problematic customers are the ones with the shittiest credit.
	Is that funny?
	For a reason, man.
	Is that crazy, bro?
	Kim Pop.
	I have at least 24 Jeep.
	Oh, wait a second.
	Oh, sorry, I can't see it.
	Coming up right now.
	There you go.
	I have a 2024 Jeep Grand Cherokee L. Got five moms.
	I want to get a 23 to 24 Toyota Highlander hybrid.
	Should I wait until the lease is over or roll it?
	Yo, Toyota market, I never understand.
	It's so inflated and there's such a strong presence with like community in the Toyota and then also Honda.
	Everybody makes fun of the way I say Toyota.
	I don't know, it's Toyota, but I say Toyota.
	I, uh, how's that me?
	Yeah, everybody's like, what's Toyota?
	Anyways, Toyota, I'll say, like, there we go.
	Uh, Highlander, I would wait probably because they're just crazy expensive.
	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.
	Front-end gross means like you're making 5k profit.
	You buy it for 30, sell it for 35.
	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.
	So I would wait it out.
	The money's made from the financing.
	Yep.
	100%.
	That's what I get you.
	Yeah.
	Financing.
	These bastards.
	Oh, all in her mouth.
	All in her mouth.
	What the fuck?
	I'm not a car guy.
	I'm planning on buying a used car at the end of the year.
	My budget is around 7K to 10K.
	How do I know I'm not buying a lemon?
	And if you've got some tips to know if it's a lemon, can you drop them?
	Okay, that's a good question.
	Yeah.
	A lemon is basically a bad car.
	Right.
	So it's a car that seems to be good, right?
	On the outside it's like you buy a watch, but it's fake.
	Yeah.
	Wait, is it fake or bad?
	It's just really, it's terrible.
	It's almost like a fake.
	You could call it a fake car because it's not a.
	Sometimes it's fake watches that are bad, right?
	Right.
	Like, I know some people that buy something that looks good on the outside, but it actually has a lot of mechanical problems.
	That's exactly.
	But with lemons, people can just go literally take an hour and go get a PPI, a pre-purchase inspection.
	You can take it to Meinike.
	You can take it to any place.
	Now, that will scare some people because at the end of the day, the mechanic is doing their job by inspecting it.
	And then they obviously want you to fix those problems.
	So it's going to be an inflated repair bill.
	But all in all, it'll give you a general condition of what the health of the car is, right?
	So it's like sort of going for physical and they're going to say, like, let's do your blood.
	They're like, oh, you have elevated this, that, and a third.
	Let's get you on this therapy, that therapy, right?
	Sort of to like upsell you.
	But you can do a PPI.
	Definitely, I would, you know, kind of take your time.
	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?
	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?
	Absolutely.
	Well, so if they don't then don't buy it, right?
	So yeah, if there's something they're hiding, right?
	Then yeah, they'll be like, oh, they'll probably meet you there or take a mechanic with you.
	There's plenty of guys that like a what's that like a Lemon Squad.
	You've heard of Lemon Squad.
	Yeah, Lemon Squad.
	Yeah, they'll meet you there.
	Or you can go on Facebook Marketplace, look up a mobile mechanic and say, hey, I want to check out this car.
	pay me 60 bucks or 100 bucks.
	Now you being a good, I guess, understanding cars, do you even need one at this point or you just do it yourself?
	For me, when you get to a certain, I can't wear but so many hats right now.
	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.
	I'm just closing on my second deal property in Miami.
	Good stuff.
	Now I'm in the hunt for property in Miami number one.
	Sorry, one family houses.
	Can I still get a loan while I have mortgage on one in Jersey?
	I'm currently paying.
	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.
	You're going to have different mortgage terms.
	Just don't commit mortgage fraud, bro.
	Okay, don't say you're going to live in it and then you fucking rent that shit out.
	Don't do that, man.
	I think that's what everybody does, though.
	Yeah, but it'll fuck you up, man.
	Yeah.
	Like, it's not.
	Hold on.
	Hold on.
	Frankie, I'm calling you right now.
	Let's do it all here.
	How about this?
	What the hell?
	Oh, what?
	Oh, he's a member of Castle Club.
	Okay.
	There you go.
	It's the benefit of being a Castle Club.
	Any question about renting cars?
	And let's do it.
	Yeah.
	I'm calling you, brother.
	You want to call?
	I'm calling you right now.
	So people can learn from your question.
	So you ain't picking up.
	Oh, you know I can do this.
	There we go.
	we got expert in the house Yo, what up bro?
	This is fresh.
	What's going on man?
	Hey fresh.
	What's going on?
	So we're live on air right now bro.
	We're live on air.
	Don't say anything crazy.
	Okay.
	Give me a question you wanted to ask me.
	I got my boy Yusef here.
	He's an expert in car roads and for car rentals as well.
	He knows what's going on.
	So what's question?
	Hey, how's it going anyways?
	You know, I'm at the gym, so don't mind me catching my breath.
	But, um, so, hey, Yusef, my name is Frankie.
	Um, so I just got into business with my, my dear partner and dear friends.
	And so I invested pretty much 20k.
	There was another deal that said, and it was all...
	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.
	So, I mean, I just wanted to pretty much, you know, expand and see like what other deals I could find.
	You know, if I have to put a little more.
	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.
	You know, Fresh gave me a little insight of it.
	Obviously, the bad side of it, with people crashing and everything, all this stuff, but he pretty much convinced me.
	So I was just trying to get a little more ideas and pretty much some deals out there.
	See what's best for me.
	So you said he's putting 20, I didn't hit the first piece.
	He's putting 20k down on what?
	Yeah, 20k down on what, Frankie?
	Well, at one point it was, like I said, it was for a bench.
	At one point it was.
	What kind of bench?
	And that deal was already gone.
	It was from another dealer.
	He was Fresh had him at his podcast, you know, a while back.
	But I forget, I forget his name.
	I even said in the, you know, live, because I got so much in my mind.
	But, you know, he had him in his, um, in his podcast.
	So, like, he, he, yeah.
	So, what's the question, bro?
	Because we're living right now.
	Okay.
	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.
	So, you know, I just want to see, like, the upper side of, like, what kind of, what deals we actually get.
	Are you renting out only one car?
	Well, I wanted to, you know, start a car rental.
	Right, but yeah.
	So are you starting with one car is what you're saying?
	Well, my friends told me that, you know, for best, like, to get three or four cars.
	You know, and that's what my friends, you know, if you're going to do it because it's a hard marketplace.
	It has a lot of issues.
	It looks good on paper, but most people are feeling terribly in.
	Yeah, I mean, look, I just think Southern Florida is so saturated.
	I mean, you know, you have one car.
	I can go get it cheaper for $50 a day somewhere else.
	I just think...
	have a cushion for maintenance and whatnot, and then also shop for business insurance.
	I think most people that rent out cars put on either insurance, personal insurance, they get in trouble because people could die.
	And then they're like, oh, you weren't covered properly.
	And then now they're facing a lawsuit to set in a third.
	It's a little more in depth.
	And I learned this from doing what I did.
	I went out and bought.
	Nine cars, right?
	This is when COVID happened.
	And then I was like, let me rent them out.
	It was not sustainable.
	It was too much happening.
	Even though I'm the mechanic, I'm the guy that understands these things.
	Like it was very hectic.
	And it was like, it almost turned into minimum wage work.
	Even though you see a lot of cash flow, you got it.
	It just was minimum wage work.
	So I would definitely reconsider.
	But if you do it, a lot of people should be doing volume.
	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.
	And then two years later, it's at 40 or 50.
	And you only made 10k off of it.
	And, you know, you're paying $200 or $300 a month for insurance.
	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?
	Right.
	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
	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
	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.
	That I think you'll be a little more comfortable with that than buying a car.
	Basically what he's saying is, and what I'm trying to let you know as well, this is a bad business, bro.
	Yeah.
	terrible business.
	Like, right now, especially, it's terrible to get into.
	You're going to rather, you're probably going to feel more than you actually succeed in this, bro.
	A hundred percent.
	Just give me a roll with you.
	And your buddy, and your buddy, I'm sure he loves you, but he needs your money, right?
	To do this business, right?
	Well, no, we're both putting it because, you know, the thing is that I'm going to sublease a car just for instance.
	Like, you know, like he said a message before, he even said the same thing.
	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.
	Yeah.
	So, I'm going to cut it here, bro.
	But yeah, bro.
	I would also agree with Yusuf.
	You shouldn't do this, bro.
	Keep it real with you.
	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.
	Well, I mean, that's the thing.
	All right, man.
	All right, brother.
	Cool.
	All right, thank you.
	Later, bro.
	Yeah, man.
	I mean, listen, bro.
	People see how it looks online.
	It looks good.
	It looks really good.
	Trust me, I've been there.
	I did as well.
	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.
	Yeah.
	But it looks good when you're on Instagram flexing on the Lamborghini, you know what I mean?
	And like all the cars.
	Don't believe these lies, right?
	It's a facade.
	They're trying to keep up with it.
	They're going to put 20K down.
	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.
	I'm that dude.
	I'm that girl.
	It's just a lot of these people, they put up a front.
	And what's crazy is people are chasing that front that they see.
	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
	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.
	Yo, could you imagine like headline like Fresh and Fit podcast 2002 Honda Court?
	I'm telling you, it would do numbers.
	Like, yo, $150 a day.
	Yo, that would do numbers.
	You only get 100 miles a day.
	And you could like outfit it with like Myron all in the outside.
	You know what I mean?
	Yeah, I'm telling you.
	It's already paid off.
	It literally would be like just free money for you.
	That's way too trusting, though.
	Yeah, I don't know, man.
	That car up.
	I don't have to do it.
	That car is a lot of sentimental value.
	Facts.
	Yeah, that's true.
	Reddick says, thank you, NFNF.
	Thank you for all you do.
	Thank you, Yusef.
	Appreciate you, bro.
	Thank you.
	Thank you, bro.
	Link the last question, 100K plus a year, 650 credit score, and just paid one off.
	I don't know what the last question was.
	We'll pull it up right now.
	Okay.
	Hold on.
	He said, would you recommend leasing a car?
	Oh, with 100K down?
	Or he has 100K a month?
	Yeah.
	100K a year he makes?
	Yes.
	Okay.
	Yeah, I mean, 650 is definitely decent for a lease.
	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.
	Some people end up loving the car so much.
	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.
	I always purchase vehicles cash for business and personal.
	I want to know why would someone choose financing over leasing?
	How's your how it work out?
	I think it's just, again, instant gratification.
	Financing is an option for people.
	I don't think a lot of people understand.
	Most people are just limited on funds.
	I see it all the time.
	And, you know, I get it.
	I'm nowhere near where I need to be financially, but I get it.
	People just don't have money.
	And it's just an option for them.
	And like, you know, you get that synchrony card.
	I'm going to go to Best Buy.
	Oh, I can't afford this TV.
	It's $1,000, $28%.
	Like people don't think about these things.
	Just the product, these micro loans and macro loans, just the product.
	You know how I know that's bad to just that's your point?
	Yeah.
	Klarna and Afterpay are having problems getting money from borrowers.
	Yeah.
	Let that sink in.
	Yeah.
	Klarna, which is an afterpay system and afterpay, have problems getting money from clients.
	100%.
	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.
	Like it's these are bad times, guys.
	These are really bad times.
	People are not where they need to be.
	Look on social media, but like they're not really where they need to be.
	So 100%.
	Yeah.
	Like, I agree with you.
	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
	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.
	Dem eyes.
	Might drop some major knowledge on his cars there.
	Money's not in cars unless it's rare.
	I kind of, yeah.
	I don't drive, man.
	So for me, it's just not.
	I'm the worst person asked because I don't drive.
	If I drove more, I'd have probably a different outlook on a car.
	I don't drive.
	So that's why I always keep my opinion out because I understand that for most people, a lot of people drive all day.
	A lot of people spend hours in their car, right?
	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.
	You probably want to get something nicer so it's not as miserable.
	But as someone like me who walks everywhere, I'm just not in a position to ever talk about cars.
	So I always stay away from it because I think it's very – I think it's not good.
	I don't think it's a good idea to give advice if you can't, like, empathize.
	Does that make sense?
	Yeah, you don't understand.
	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.
	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.
	So like when I was in Atlanta, there was a lot of homes that people bought for investment.
	They just dropped it because they didn't understand how hard money works.
	They didn't understand like all these things that when it came to, you know what I mean?
	Like it was easy to grab that money and like buy that home, right?
	So I think that's sort of like in line with what I think of cars.
	Yeah.
	So like exactly.
	So like with, you know, if we're going to talk real estate, you know, I could definitely give some good advice.
	But when it comes to cars, like this is not my lane at all, especially since the market changes so much.
	And then also, because like if you make one mistake, it can have dire consequences.
	100%.
	Right.
	I would say like with cars, it's at least with a house.
	Like, let's say you, you fuck up or whatever, you can always kind of sell it and break even to a degree.
	With a car, if you make a bad mistake, you're probably going to, you know, go super under.
	100%.
	Yeah.
	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.
	you and you know everything else.
	So yeah.
	What else do we got?
	And that's where guys like you kind of come in.
	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?
	Like they're going to go in and try to get their three series or try to get a chick or whatever.
	Like people are going to do it anyway.
	So if people are going to do it anyway, at least they could talk to you guys.
	I'm so smart.
	And not make the mistakes that you guys might have made and give them some advice and stuff like that.
	Like I know that one guy said he wants to do like a car renting business.
	Yeah.
	Like, you know, now I think, uh, highly discouraged.
	Do it a car renting business for a minute.
	You want to tell people like what, bro.
	So first off, yeah, like getting the cars out.
	Where's Chris.
	He should be here in a second.
	Okay.
	Getting cards is one thing, but the market, especially where we're at in Miami, it's competitive as fuck.
	You got niggas saying, you know what?
	He's offering 400 for his Corvette, I'll offer 300.
	So they're lowering prices to compete with you, and it's like, you don't get rentals.
	And if you do, hey, here's the price for 300.
	Can you match it?
	So now you're competing with people constantly.
	But also, here's the issue.
	People drive cars fast.
	They crash them.
	So imagine you got one car.
	It's crashed.
	You got to make payments still to the finance company.
	And it's not making any money.
	It's in a shop getting fixed.
	So all these things come into play, and people don't realize.
	So it's a problem.
	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.
	Yes.
	And then while that car is out, you're still on the hook for paying for it, but it's not making you money.
	Exactly.
	And that's just small things, but there's many things that happen.
	What if the app, I don't know, says that you can't rent for a week or so, like the guy told you.
	Issues with the app, you just never know.
	And then, for example, people are making it now in rental game, have a network of people already.
	They're friends in the industry.
	Oh, bro, you're coming to town.
	Here's so and so.
	They're plugged in.
	You are not.
	100%.
	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.
	They sell their data to other data companies and banks will pick up the car if you're renting it.
	They can send some contracts.
	You can't rent the car out.
	That's another thing to add.
	So Ally and some other things.
	You said what that means?
	Because guys, you can buy a car, but in the terms of agreements, you're not supposed to rent it.
	100%.
	And I think that's people don't read, right?
	So that's why that's that video where the guy he bought three cars on Turo said it would didn't work out.
	It was basically just a wash.
	He, his customer was renting out the car, went to go shopping, and when it came back, it was repoed.
	It called the thing like I was making on time payments.
	You're not supposed to rent the car out, sir.
	Oh, fuck.
	Yeah, bro.
	Could you imagine?
	Yo, you imagine, like, imagine this.
	You're in Miami.
	You just pulled up to Brickle City Center, and you see the car gone.
	And my man's like, ah.
	I'm over here thinking you get your shit repoed because you didn't pay the bills.
	So they can repo your shit if they find out that it's on Turo?
	If it's in the finance company.
	There's some finance companies that don't allow you.
	If you do Uber, Uber will sell your information to the banks to say, hey, he's on Uber with this.
	Because you got to sell it to the insurance company.
	The insurance company will figure out what you're doing.
	A lot of people, when you lie, they'll find out eventually.
	So data, data, data.
	No.
	So imagine this, right?
	I did not know that.
	Yeah.
	So imagine this.
	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.
	This is like plain as day.
	Yeah.
	They're going to rent it out, get repoed, now they're fucked.
	Because you know what?
	They're going to sue you after.
	They're going to sue you and say you owe us this negative equity.
	Especially leasing, yo.
	People who lease cars and rent it out.
	So, bro, imagine you have no car now.
	You're being sued by the bank or finance company and you got to pay that money.
	You're cooked.
	Does that cook your credit score too?
	Oh, yeah, 100%.
	It's a repo.
	No, no, no.
	It's a repo.
	But they're not repoing it on the grounds that you didn't make a payment.
	It doesn't matter.
	At some point, he had some negative equity, right?
	So if they sold it at auction, you're going to sell a wholesale.
	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.
	You got to pay that money back.
	Yep.
	Damn.
	So let's assume, because I'm just trying to think of, wow.
	So they repo your car because you broke the terms, right?
	Because you rented it while you were supposed to be, while it was under lease.
	Yep.
	Let's assume you keep paying every month.
	You're eating the cost, right?
	They're still going to fuck your credit score up?
	Yes.
	So the contract's terminated.
	When they repo it, you're not making more payments.
	Okay.
	Like that's a loan that's been charged off, right?
	The contract being terminated in itself is your credit score.
	Yes, 100%.
	Because you broke the finance contract, right?
	So yeah, 100%.
	But that's a horrible experience, right?
	If you're renting a car.
	That's almost worse.
	Yeah.
	No, that's almost worse because you think you're good.
	You're making a payment.
	It's like, yeah, my credit score is good.
	That's actually worse.
	Because at least if you don't make your payment, you know the Grim Reaper's coming for you.
	Yeah.
	You're hiding your car at your baby mama's house.
	You're fucking parking on the side of the street when you go to work.
	Like you know that they're coming for you.
	Yep.
	But bro, I can only imagine.
	Your credit score is good.
	You're renting it out, making some money on the side.
	You're driving your other car.
	You think everything's all good and dandy.
	And then bam, the person that calls you says, yo, your car just got repoed.
	Number one, that's embarrassing.
	Yep.
	And then number two, you're like, what the fuck?
	I made the payments.
	And then I didn't know that they terminate your contract.
	And that is what fucks your credit score up.
	Yep.
	Because it doesn't matter why the contract was terminated.
	Once they terminate it, ding on your credit score.
	And you get sued too as well.
	You can't get sued, right?
	So, bro.
	Hold on, let's be honest here.
	They're going to sue your ass.
	Yeah, 100%.
	Because they want their money.
	Yeah, yeah, yeah.
	They want their money back.
	Yeah, 100%.
	Because remember, you have negative equity in a car.
	So when they take it back from you, you still owe them money for the car.
	Not payments, but you owe them money for the negative equity in the car.
	And they're going to probably want it up front and a balloon payment.
	They're not going to do it.
	They might negotiate because there's a lot of money, but typically they want it back so it's possible.
	There's a guy in the building here.
	And you keep making those payments, you don't got the car to work.
	Fuck, could you imagine?
	And they did their credit.
	Yeah.
	So they took your car.
	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.
	Hit is yours repoed for renting out.
	Bro.
	Not even renting out.
	I'm in North River Beach right beside Sunny Islands, right?
	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.
	Well, that's something I learned today, bro.
	I did not know that they can repo your ship for renting it like that.
	Yo, you imagine calling turbopilot?
	It makes sense now that you say it.
	Where's my car?
	And you call the guest and be like, uh...
	So, I guess it's just, yeah, that'll be not a problem.
	I mean, I never thought of that, dude, that you renting it out could be a violation of a lease.
	Wow.
	Yeah, repos are at an ultimate height nowadays, especially for rentals, too.
	I'm Uber Eats.
	Bro, that's the worst.
	Oh, man.
	Listen, I think that you brought up Uber Eats, man.
	Yeah.
	And whoever's watching this, if you are doing Uber Eats or Amazon delivery, yo, kudos to you.
	Keep the hustle up.
	Make your bread.
	I want to buy a Hellcat.
	I want to buy a brand new Mercedes.
	Why?
	Because I want to do Uber Eats.
	Why the hell are you bringing food and luxury?
	A Hellcat!
	Yo, come on.
	Yo, I'll deliver food and luxury.
	I'll be a nigga right there.
	Yo, yeah.
	That's God.
	You still feel it.
	You got dudes that will be like, oh my God.
	I mean, I'm going to do Uber Eat Club.
	Haram.
	Haram is right, brother.
	Yes, sir.
	Tacos at the Hellcat.
	It's crazy, man.
	Or the guys that get to the bank, bro.
	Or the guys that go buy a brand new Escalade to go do Uber Black.
	Like they'll buy it for like 150 with everything.
	And they know that their finance contract, yo, you imagine waking up and you're going to go do Uber and his repo.
	Yo, like, bro.
	Yo, could you imagine that?
	So the chest said niggas want to get there fast.
	Five star rating.
	Yo, this nigga, quick.
	Yo.
	Yo, you pull up that video.
	That's one of my most of you.
	The dude that had a Hellcat wants to get a demon.
	He was paying 1200.
	1,250 dollars a month.
	He made like 4K a month for a Hellcat.
	He wanted to get to a Dodge Demon, which is way more expensive.
	Yeah.
	It's crazy.
	He kind of sounds like Gucci man because in the middle.
	Is that still the fastest car in the world, zero to 60?
	The demon?
	One of them.
	Yo, bro.
	I think it's the fastest car in the world.
	If you're doing a drag strip, he's a YN, right?
	This is a gear talking.
	Which one is this?
	Scroll down, scroll down.
	You'll see it like the- Keep going, keep going, keep going, keep going.
	What does that sound like?
	100,000 or something?
	Right there, right there, right there, right there.
	Right there.
	Up, up, up, right here.
	Right there.
	12,50.
	Up, that 22% interest rate.
	Play.
	Yo.
	Guys, this diabolic one on a Dodge Hellcat.
	Ooh, boy.
	I see that you had that Dodge in there.
	So I was just going to show you.
	He's not going to show you that.
	YN, $80,000.
	You said you bought it for.
	How many miles are on it?
	My 96,0000.
	And you owe six owners, three axes, man.
	You owe how much?
	I owe 60,000.
	You are very upside down on this car.
	What's your credit score?
	Maybe like a 680 something.
	Okay, 680, that's not bad.
	That's decent.
	How much money do you have down to get in the car?
	About 2,000 to 3,000.
	How much do you make a month?
	I make it between 3,000 and 4,000 dollars.
	And what do you do for work?
	Amazon package delivery.
	Is that why my packages get here so quickly, man?
	You deliver packages to Hellcat?
	It's about 30,000 dollars underneath on your Hellcat.
	Man, I can't get the deal done with 2,000 dollars down.
	I can't work on that, man.
	I'm really trying to get in the car, bro.
	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.
	Six on the three accidents on your car, that's just going to take the value on it.
	You have 96,00 miles, man.
	That's way up there.
	So I don't want to waste your time.
	I have more money than that now, man.
	Refinance the Hellcat at this point since you have a decent credit score.
	But no, man.
	That's not what I can do, unfortunately.
	All right, man.
	Appreciate it.
	No problem, brother.
	What is an obsession with Dodge Hellcats?
	It's brought so much financial turmoil, bro.
	I don't know why.
	It's just...
	Everything, man.
	Okay, so back in the day, Sneaker wanted a Dodge Hellcat, right?
	I told Sneaker, listen, bro, you buy this car.
	You consider it a wine for life.
	Because, bro, that's the typical car.
	Scammers drive niggas that got low credit.
	They want to race and be dumb.
	Why would you spend $100k for something?
	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.
	So what should people do if they actually want to buy cars to rent?
	Like they got to get a financer that will allow that, right?
	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?
	Get a bank that-So there are lenders that will- That's why people don't want to do that.
	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.
	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.
	We'll get you some trade lines.
	We'll get you some chase cards at like 50k and then you can cash out and then you can go buy it cash.
	But the problem is, like you're paying 28, 30% interest rate on that card.
	And it's a different amortization than an auto loan, right?
	So that's one way to do it and then pay that off.
	But yeah.
	It's, you just got to read the finance contract.
	Like, you know, imagine buying a Lamborghini and all of a sudden it gets repoed because you weren't supposed to rent it out.
	And you can't put it on Toro.
	You can't anywhere you put the VIN number, that company is going to sell that data.
	People buy.
	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.
	Because they were doing under the leases that people got.
	They're leasing cars and now, okay.
	And that makes sense that these companies now, it behooves them to make sure that their stuff isn't on Turo.
	So if it's on Turo, they're going to go, oh, but I'm flagged.
	They're going to get our car back.
	They run the VIN number.
	Done.
	Check it.
	Done.
	You know what's going to happen?
	They're going to take the car back and sell it again.
	Yep.
	And the worst part is some people will do is-And you got to pay them.
	Yeah.
	100%.
	Yeah.
	The worst part is when you get a broker.
	I've seen some situations like that lady that called when she had nine cars.
	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?
	Like, all right, cool.
	You know, there's a service fee and whatnot.
	Real quick, what is a broker for them if they don't know it's a broker?
	A broker is essentially just a middleman.
	Doing tour renting our cars is a full-time job, right?
	So you have to have somebody to man it, wash the cars, pick them up, take it to the airport, pick people up.
	So he'll find the clients, he'll take care of the cars.
	Yeah, okay.
	Deliver them on the road.
	You just gave one of the cars.
	How to proceed.
	So he handles all the bullshit.
	So some brokers, they'll just say, I spent this, that and a third, and they never pay the car, nothing, right?
	So they'll just get repoed and then just take it money from people.
	It's scammy.
	Very scammy.
	Damn.
	Yeah.
	All right.
	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.
	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.
	Right.
	And now it's regulated and it's way harder to get in.
	100%.
	And again, network is important.
	If you don't network.
	So from you, so I guess.
	the biggest things that you would say is that people undercut, so be careful of that.
	And then on top of that, what was the other thing you said?
	Oh, they might destroy the car.
	Issues come up.
	And then I didn't even know about the financing thing.
	Also insurance.
	Oh, yo.
	Yo.
	Bro, I've seen so many people get screwed over insurance, yo.
	Yo.
	Yeah, yeah.
	That's a whole other story.
	A whole other story.
	All right, man.
	More of a serious episode.
	Guys, don't do a car rental business, man.
	Yeah.
	That's you.
	That's you.
	Don't do a car rental business.
	All right, what's the next one?
	Oh, man.
	Damn.
	Always, people like Admin Amwell in Dubai seem to be doing very well.
	What the fuck is that?
	People see that and believe that it's super easy and attainable.
	Remember, bro, Dubai is another country.
	It's in the UAE.
	So they might be able to get away with things that you might not be able to get away with here.
	Yeah.
	And I'm sure lending is a lot different than it is in America.
	So it might be.
	Yeah, I don't even think they got used for that.
	Yeah.
	Well, for real.
	Yeah.
	I don't know.
	I'm just saying.
	A lot of Muslim countries don't practice insurance with percent.
	But it's rewrapped in a very way that seems like it's user.
	You know what I mean?
	So, yeah.
	I have a 2022 Kia Forte and still love it to this day.
	And my credit score is 780 at the moment.
	Stay grinding, boys.
	All right.
	Shout out to you, bro.
	Oh, man.
	Good stuff.
	DCIRIS says, hey, I bought a 22F50.
	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?
	Any advice?
	You said this is all your brother.
	Listen, I sometimes...
	How are you at 1099 employee, Pantone?
	That's their crazy.
	Damn, holy moly.
	I never get this situation where I think taking advantage of living at home means you stack up your bread, right?
	And you don't just go buy expensive cars.
	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?
	I don't know his credit score, so I don't know how he gets out, right?
	So I'm assuming if he's paying $1,000.
	So if he...
	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.
	So go maybe lease a truck underneath your business name or go buy a truck underneath your business name.
	Trucks are a weird one in the market because they hold their value really well, especially diesel trucks, like old school stuff.
	So diesel trucks will always be where it's at, especially with high miles.
	So just shop the market, see what you need.
	Don't buy, if you don't need a dually or a big truck or F-350, F-4, just don't buy it.
	Buy what you need and buy within your means.
	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?
	So you can go buy like, you know, three, four cars at a specific rate.
	So that's what I would do to scale up.
	Smarter.
	All right.
	Last one, Harry Bills or no?
	Cool.
	Then we're going to do after hours tonight as well, guys.
	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.
	Like, get ready.
	We're going to go green screen.
	Yeah.
	We'll do the green screen crap again.
	Awesome.
	But yeah, guys, get ready.
	We're going to be streaming on Rumble and Kick for the most part.
	Obviously, we're segwaying you guys.
	But yeah, YouTube Ninjas, get ready.
	How rare is a black under 100K miles Chrysler Crossfire that has meant 2007 everything works?
	Oh, man.
	I haven't seen a Crossfire in a minute, yo.
	I despise those cars.
	That's a legendary Pokemon.
	Yo, it is.
	Yo.
	I don't know.
	I don't keep up the market with those.
	I'm not going to lie.
	Just like the same comparison, I wouldn't even bother catching one.
	Like, I don't know.
	When I was in Greensboro, everybody would put 22s on there, put two 12s in the back, some kickers.
	Yeah, that's what it was, right?
	That's the nigga starter pack.
	That was a tax refund package, so.
	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.
	Well, I appreciate you giving me a platform to help spread the awareness.
	This was awesome.
	If people want to hit you up from behind you, it seems like you helped people get out of their underwater situations with cars.
	I don't.
	So I think a lot of people, like, I just kind of give them perspective on what they can do better.
	Unfortunately, I'm limited because a lot of people are just too far gone, right?
	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.
	Let me buy smarter.
	But, you know, obviously you can check us out.
	Ride with Yusuf on Instagram, YouTube, all the other stuff.
	You know.
	You're based out of North Beach, Miami, right?
	Yeah, North Beach.
	Yeah, North Miami Beach.
	Yep.
	Also, guys, if you want a car.
	at a good price, amazing specs, and great pricing and detail, check out Auto Cafe.
	I'm going to be working with Yusuf.
	I'm selling some cars as well for you guys.
	Yep.
	Not underwater, no bad deals, good deals as possible, but you should have a good credit score and have some money to put down.
	Look, if you got a bad credit score, we'll get you in a car, just so you have to understand.
	You know, me and shout out to DropTop Paul, I wish he was here.
	Yeah, Paul, we'll get you into the best thing.
	He's my partner at Auto Cafe.
	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.
	I think people got a lot of good information here.
	So guys, we'll be back in about forty minutes or so with some lovely ladies for After Ours.
	I love you guys and we'll be back in forty minutes.
	Peace.

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