This summary of the video was created by an AI. It might contain some inaccuracies.
00:00:00 – 00:19:19
The video by Will Motivation primarily explores the financial considerations of leasing vs. buying high-end cars, specifically focusing on Lamborghini models. Will discusses his own experience with financing a 2015 Lamborghini Huracan and compares the costs of leasing new models such as the Huracan and Aventador versus purchasing used ones. He highlights that purchasing used Lamborghinis, like a 2013 or 2014 Aventador, is more cost-effective due to avoided depreciation, saving substantial amounts compared to leasing new models.
Key financial details shared include:
– Leasing a new Lamborghini Huracan costs $2,499 per month with a $15,000 down payment.
– Leasing a new Aventador costs $4,849 per month with a $48,890 down payment.
– Buying used Huracans and Aventadors significantly reduces long-term expenses.
Additionally, Will provides a glimpse into his personal car collection and events he attends, such as the "Cigars and Cars" event in Columbus, Ohio, where he showcases exotic cars. He introduces Lindsay, a subscriber who successfully invested in real estate, and promotes his online course on real estate investing, offering it at a discount.
Overall, the video emphasizes the financial savvy of buying used luxury cars and leveraging real estate investments to fund high-end purchases, offering both personal anecdotes and detailed cost breakdowns to inform viewers.
00:00:00
In this part of the video, Will Motivation discusses the costs associated with leasing a Lamborghini. He addresses common questions about whether to lease or finance such high-end vehicles and shares his own experience of financing a 2015 Lamborghini Huracan. Will explains that his monthly payment is around $1,000 after putting some money down. He plans to share specific lease costs for two popular Lamborghini models—the Huracan and the Aventador. Additionally, he introduces himself and mentions his other cars, including a 2018 Porsche 911 GT3, a Mustang GT project car, and an upcoming 2019 Audi S3, encouraging viewers to subscribe to his channel for more content.
00:03:00
In this part of the video, the speaker discusses the financial aspects of acquiring a Lamborghini Huracan, emphasizing the costs involved in leasing versus buying. Leasing a new Lamborghini Huracan for 36 months costs $2,499 per month with a down payment of $15,000 and a mileage limit of 2,500 miles per year. Over three years, this amounts to a high cost with limited use. Conversely, the speaker explains that buying a used Huracan can be more cost-effective. He bought a used Huracan for $208,000, avoided significant depreciation, and estimates he only lost about $8,000 in value over two years, which he believes is more financially sound compared to leasing.
00:06:00
In this segment of the video, the speaker discusses the financial considerations of acquiring a Lamborghini, particularly an Aventador. Key points include a recommendation to buy a used Lamborghini instead of leasing a new one, to avoid paying high depreciation costs. The monthly lease payment for a new Aventador is about $4,849 for a 36-month lease, with an annual mileage limit of 2,500 miles, totaling 7,500 miles over three years. An initial down payment of 10% of the vehicle’s cost is required, which amounts to $48,890. The speaker advises that purchasing a used Aventador, like a 2013 or 2014 model, would be more economical as it has already depreciated.
00:09:00
In this part of the video, the host discusses the costs associated with purchasing and leasing Lamborghini models. He highlights that buying a used 2014 or 2013 Lamborghini Aventador costs significantly less than buying new, with prices ranging from $270,000 to $300,000 versus nearly $500,000 new. He then outlines leasing costs: a Huracan costs $2,500 per month with $15,000 down for a 3-year lease and 2,500 miles per year, while leasing an Aventador costs $4,850 per month with $48,000 down for the same terms. The host also mentions participating in the 8th Space Rally with Daily Driven Exotics and showing footage from a local event, Cars and Cigars, in Columbus, Ohio, featuring his Lamborghini Huracan.
00:12:00
In this part of the video, the presenter arrives at the “Cigars and Cars” event, noting it’s likely their first art show event. They plan to showcase some of the exotic cars on display with a quick montage. The presenter highlights their location in Columbus, Ohio, near a casino, and hopes the event will be held again in the future. The video then transitions into shots of various cars, interactions with attendees, and reactions to the impressive vehicles.
00:15:00
In this part of the video, the speaker admires the interior of a luxury car at a car show, specifically noting its features like the peanut butter color and carbon fiber accents. The car is a Mercedes Benz for sale at Mercedes-Benz of East End in Columbus, Ohio. The general manager gave the speaker the keys because he was interested in the car. The car’s price is shown as $89,900. The speaker then introduces Lindsay, a subscriber who invested in real estate and used the earnings to buy a car and a house, both of which are now rented out. The speaker gives a shoutout to Lamar for organizing the event, which features cars, cigars, and beer, and signs off by thanking viewers and promising more content.
00:18:00
In this part of the video, the creator expresses gratitude to the viewers for watching and encourages them to like and subscribe. He announces that his online course on real estate investing is now complete and available at a 40% discount for the first 50 students. The creator provides a link in the video description for those interested in purchasing the course. He concludes by thanking the audience again and expressing hope that they found the content informative.