Keep Track of These 3 Numbers Before Buying a Car (2025)
These are the 3 big numbers you should keep track of before buying a car in 2025! Hope this helps 🙂 Enjoy.
Edmunds True Cost:
FINANCE:
▶️ See What I Invest In + Private Community:
🔰 3 Fund Portfolio:
💳 My Favorite Credit Cards ➭
💸 Best High Yield Savings:
🐪 Hump Days Newsletter ➭
RESOURCES:
💵 Free Templates:
👾 Join the free Discord Community:
🌍 My website / blog:
WHO AM I?
Hello 👋 I’m Humphrey, I used to be a financial advisor, worked in gaming/tech, and started my own eCommerce business. I make practical, rational content on investing, personal finance, the news, and much more with a data-backed approach. My goal is to help you with financial literacy and creating wealth.
PS: I am no longer a current Financial Advisor, any investment commentary are my opinions only. Some of the links in this description are affiliate links that I do receive a commission for & they help support the channel!
SOCIALS:
* Second Channel:
* Instagram:
* Twitter:
* TikTok:
* LinkedIn:
* Threads:
⏱️ Timestamps:
0:00 – Start Here
0:20 – #1 – Affordability
3:20 – #2 – Cost to Own
7:47 – #3 – Purchase Price
Directions unclear. Bought a new BMW with 84 Months @ 27.99% APR
lmao well at least you can get places really fast now!
For about 4 months. Lol@humphrey
THE HOESS GONNA LUV THIS
@@Oaky Wait for it….
you got 1m subs I know you bought that baby all cash Marko
Let me know what car you drive, and how much you paid, or monthly payment by leaving a comment!
’01 Vette, ’16 tacoma and an ’06 4runner, paid cash for each when I could afford it, only the Tacoma was new.
A 2006 model 2500 Chevy Silverado and 2018 Toyota Tundra. No payments on either and bare minimum insurance to be legal.
08 Lexus RX350, 17 ES350, 24 NX350h in my household. All new when bought and paid cash in full.
2008 Accord EX, and 2018 Odyssey EX-L -, both paid off long time ago.
Recent purchase: 1992 RHD Nissan Fairlady Z $27.5k, $10k down, 7.64 APY for 60 months, minimum monthly payment $412 but I plan to pay the car off in 10-12 months.
I love cars. I’m getting a nice car for myself as long as I can keep atleast 100k in my investment portfolio. Will probably get at that 100k mark in a couple of years. Until then investing most of my income
There’s only one number you need to know, and that’s your bank account balance. Buy whatever car you can afford without getting into debt. If you have $100k to burn, good for you. Otherwise a 2005 Civic will get you to your destination just as fast as a brand new Range Rover. And it’s probably more reliable.
Very well said. Unfortunately, many people buy a vehicle based on what they feel it will do for their mood, status sex appeal, or success, and not realizing that most of the time, the answer is “nothing.”
My Raptor is a hell of a lot more fun to drive than a 2005 Civic! 😂
People spend their money on something, if an enthusiasts was to spend it on cars cause they love driving and they can afford it who cares
@BamaCooley bro i was about to come here and say this! I don’t really spend anywhere else and I love cars. I’ve been wanting to get into a Raptor but even going to a 2018 is still 40k with lower miles.
@@BamaCooley So we basically agree. ´´They can afford it´´. I´m not saying you shouldn´t buy expensive cars – i´m saying don´t get into debt just to buy an expensive car.
Bought Camry 2015 4 years ago for 12k. Payment $180🎉
That year Camry is very simple and reliable. One of their best model years. Take care of it. Keep an eye out for the front timing cover oil leak. It’s usually minimal
Just bought a $5900 Camry with cash. Stay away from dealerships and buy cheap cars.
stealerships
That’s a big one. Facebook marketplace, auto trader, and to a lesser extent, Craigslist, are great places to find cars. Just make sure you get a trusted mechanic to look at it first!
Pay off whatever you are driving now and don’t upgrade until you can afford to pay cash for the next one. The big problem is that people don’t understand how interest works, and it’s by design. Anyone that took out a 30 year mortgage in the last couple years can plug their numbers into any online calculator and see they are going to be paying over double what the house “sold” for. Cars aren’t much better.
2011’ Nissan, Maxima. I haven’t had a car note in 10 years. My next car I want is a Lexus IS 350 SUV. Hopefully, I can get another few years out of my maxima to save for a big down payment towards it. In all honestly, the goal would be to cash flow my next car, I don’t want a Car note.
3 to 5 years old huh?
“Here at Toyota, we have low inventory on NEW cars. So we sell our USED 3-5 year old car for the SAME PRICE as the new ones so you can have the NEW CAR BUYING EXPERIENCE. “
fr
🎶I love what you don’t do for me …… TOYOTA!🎶
I haven’t see a sticker price toyota in years. Or a overpriced new one.
Man really? Which models? I’ve been looking at tacomas just for fun, and they are definitely much cheaper than new.
Toyota’s have solid resale value and Toyota knows it. Also they don’t change their models often, a 2015 4Runner is nearly identical to a 2024 4Runner.
150k gross in California is not the same as 150k in any other state lol
Everytime I got a new car itch, I looked at ur videos to cool my beans
Pay cash, one rule, done
100%
I agree!
I make 65K a year, so I bought a Dodge Viper. It’s really nice, I put it on top of my desk sometimes.
I have a Rolls Royce Cullinan
I have a Lamborghini Diablo, it broke when it fell off the dresser at my Mom’s house.
Pay cash for cars, cars are not investment. If you can not pay for it in cash, you do NOT buy it. Have not financed a car since 2002. You can buy new if you drive until the wheels are about to fall off.
I wouldn’t finance a new car again.
My biggest regret in life was financing a new car with my first job instead of borrowing money to buy company stock(which the company offered at the time). The stock doubled by the time I paid the car loan off. A Car is a depreciating asset.
My next car will be a used car paid in cash.
I bought a Tesla at close to 40% and spread it over 6 years. I’m 4 years in with 55k miles. No maintenance. And I invested 20-35% every year. 25-35% is super conservative.
Hearing that many people are spending over $1,000 per month on a car payment is wild to me. Before paying off my car a few days ago, I had a monthly payment of $350 and thought my payment was close to average. I was thinking people spent no more than $600 per month on the high end for a standard car.
2017 Bolt EV bought in 2021. Roughly $17k…payments were $265 per month. Now paid off
The best vid yet on explaining associated markets. This from a trading intraday and short-medium or long term point of view. Was impressed that you showed the market cycle.Also the way you explained it. Regardless if it is stocks, currency, precious metals or real estate, crypto, that is being invested in, there is a cycle. As now crypto is a confirmed asset class, You already have taught me so much. Appreciate your time and effort in making the vid. …I managed to grow a nest egg of around 3Btc’s to a decent 21Btc’s…At the heart of this evolution is Francine Duguay, whose deep understanding of both cryptocurrency and traditional trading has been instrumental. Her holistic approach to investment and commitment to staying abreast of market trends make her an invaluable ally in navigating this new era in cryptocurrency investment….
She’s mostly on Telegrams, using the user name
@Francineduguay
The process of trading can be complicated when you have limited knowledge. However, with the right strategy and setups, you can be successful. That’s the whole point of investing.
Got a chance to benefit from her services a few weeks ago and it has been a very smooth experience.
Thank you…. I have searched her up Google I think I am satisfied with her experience.
Maintenance can be huge. It varies from vehicle to vehicle. With larger diesel trucks the fuel filters and oil changes can run into serious costs. I just got out of a 3500 Ram and saved a ton of money, several hundred a month in maintenance. Luxury and sports cars have some big maintenance costs too. Know the maintenance schedule and look at the costs of the parts and the labor before you purchase. I can be an eye-opener.