Smart Strategy For Buying A Car
You know it's funny what you were talking about recession and inflation. So we've got a problem now as it stands in cars. There aren't any cars anywhere. And me and my son what we do is we love looking at exotic cars especially Porsches, and I was in the market for one, so it was like, all right let's go take a look. So we went to the dealership here in Los Angeles, the Porsche dealership. And the guy came out, very nice a dealer that I've known for years and he said, Shaahin, I got to tell you we don't have any cars. I said, what do you mean? He's like, well, we can let you drive, you know, the latest ones. I know you like these cars. You can drive the ones that you see on our website. We just can't sell them to you. I said, what do you mean? He said, all the cars that you see here, they're sold and we don't know what's coming in September.
So we've been offering a crazy amount of money to anybody who's got a used Porsche to bring it in and sell it to us. We would never offer these prices to customers. Most people are getting 20 30 percent more than what they paid for these cars four or five years ago now to buy. And Porsches are renowned for holding their value. They're one of the highest resell cars. It's Porsche and then BMW depending on which models you get, but very effectively you could buy a Porsche or BMW if you know how to buy correctly. Drive it for two to four years and then sell it for more than you bought it for. So we we're talking about kind of these inflationary hacks. So I think I can share one hack with you as far as cars go. That's that look at cars in your area, but buy them in small towns. And why do I say this? Okay, in L.A. you walk into the Porsche dealership like we did and we we drove the new Porsche.
I Take on beautiful car. It's the all-electric Porsche take-on was impressive. Not as impressive as the Tesla plant. I have to say, I thought the Tesla plaid which I drove the other day was was much better and we sat in the car. I think Porsche has a little bit of work to do on their electric take on. Their other cars are spectacular and so we test drove this car. And the first hack that I realized is drive the cars where you're at, buy them in a small town. Why? Okay, in L.A. a $200,000 car, I know it sounds crazy. That's what these things are. Going for now, 150 to 200,000 cars are going for 50,000 or 100,000 over sticker. When you get to these luxury models there we had a car out front. I said, hey bud, how much is that one?
He said 150k. I said, great. I'll take it. I love it. I got the money right now. I'll take it and he said, oh, but I can't sell to you for that much. I said, why not? He said, you know Mr. Cheyene, we getting 100 grand above, so if you want to pay 250, I can sell that to you, otherwise I can't sell it to you. So in L.A., New York, Miami $100,000 car every guy that walks in can get that or at least lease it. That's a two thousand twenty three hundred dollar a month payment to get a hundred thousand dollar car, right? And you can sleep in your mom's basement and drive a fancy car like that.
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