Exotic Car Financing Q&A with Ed Bolian & Mitch Katz from Premier Financial Services

1.04.2021
30 877 Näkymät

Check out Premier Financial Services here - vinwiki.com/r/pfs21
@Ed Bolian explains exotic car financing options - fiboth.info/like/videot/cKl6onPVqLjLpYs
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Lease takeover nightmares - fiboth.info/like/videot/mYyfeqvbz83Tq4M
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#ExoticCarFinancing #ExoticCarLeasing #PremierFinancialServices

Kommentteja
  • All this information on this video was HORRIBLE, don’t get a co-signer for an exotic car-loan that is stupid

    Eric ChaconeEric Chacone2 päivää sitten
  • Do you think a 2020 Mercedes s63 amg coupe would be a good buy considering they’re being discontinued?

    Jay ParkJay Park6 päivää sitten
  • So informative! Working towards my first exotic is in my 5 year plan

    Kyle SebertKyle Sebert23 päivää sitten
  • This is a great video, this video provides you everything you need to know before buying an Exotic.

    Ken BodeKen Bode27 päivää sitten
  • Even though I have a degree in Finance and even worked as a bank manager, working for Enterprise Car Sales for a couple of years taught me probably more about real life finances than school did. So my advice , go sell cars for sometime and it will help you make wiser decisions in life!

    Armando HamzollariArmando Hamzollari28 päivää sitten
  • I actually called this company to try and get something set up for a car I was looking at. I was shocked that the main number rang and someone picked up. Was NO robo system. Big like. Then she transferred me to someone for the loan info. The guy told me they only finance cars $50,000 or more. I wasn’t even close to that BUT I gotta say the way they talked and how nice they were is unheard of this day and age. If I am financing over 50 grand, they are my first call. Maybe sometime in the future they can have a lower finance price point???? :)

    Mike WellingtonMike WellingtonUukausi sitten
  • I learned something new from watching this when it comes to owning exotic vehicles. Although it's not in my line of sight, it's not as unreasonable as I thought it was before watching this video. Thank you, gentlemen for breaking down the information and putting it into perspective.

    Jay NCJay NCUukausi sitten
  • I was upside down in a Mercedes when I traded it for a new Toyota. The new Toyota had gap insurance. It was hit by a driver not paying attention on the road and got totaled. The gap insurance not only took care of the owed amount from the Toyota but also that which was rolled in from the previous car too.

    J LoJ LoUukausi sitten
  • 🤦‍♂️ 1 hour video to hear Ed ask me about my car's extended warranty... 🤣

    DanDanUukausi sitten
  • That dude is blinking alot when he speaks... idk what that means or if im just drunk sh shit rn watching this while using auto correct type to text this out lmfao please help lmfao🤣🤣

    N9 DruggedN9 DruggedUukausi sitten
  • As a finance and a car guy, I really found this conversation to be quite interesting.

    Evan PecoraEvan PecoraUukausi sitten
  • 2012 Porsche 911 carrera 4s is my dream car I would buy one day.

    King of WeebsKing of WeebsUukausi sitten
  • I rather pay extra maintenance cost on a car that fun than drive a car that not.

    King of WeebsKing of WeebsUukausi sitten
  • California is an expensive place to owned a exotic car

    King of WeebsKing of WeebsUukausi sitten
  • If you gotta finance something means you can't afford it, if you can't afford it, don't buy it. Cars are such a retarded purchase

    Eric Guttenberg, MDEric Guttenberg, MDUukausi sitten
  • Okay enough of the educated answers, how much money down for a koenigsegg

    Luis EstefesLuis EstefesUukausi sitten
  • You try this in Germany, bank is like: nah ;D Whatever, prob. kept a lot of people from debt they can´t afford.

    iC3mdbNiC3mdbNUukausi sitten
  • Share your teeth whitening routine, Ed!!!

    Soundvive LLCSoundvive LLCUukausi sitten
  • Solid info that I'll be putting into use in the next year I hope

    SomeJuanFixItSomeJuanFixItUukausi sitten
  • One of the most informative supercar finance videos I have ever watched. I’m subscribing to this channel immediately. I took a loan from Premier about 15 years ago, phenomenal service, I was young and knew very little. They walked me through the process. Amazing service, amazing people amazing opportunity, looking forward to my next loan on a Ferrari.

    Steve BabaSteve BabaUukausi sitten
  • And just like that, I’m going to financing my R8 with PFS instead of Audi

    Steven RSteven RUukausi sitten
  • This video has been VERY educational. He answered pretty much all the questions I had for trying to figure out my payment options for my next car. Definitely will be using them! Thank you!

    Carlos DACarlos DAUukausi sitten
  • Still looking for an answer to this question: The e39 ///M5 I just bought was below the threshold for Premier but the value wasn't recognized by traditional lenders. Where should I go for high value cars that are well less than $50k? I did buy it, but needed an investor to help. Looking for where to shop for a car loan for this caliber of car.

    Cameron McPhersonCameron McPhersonUukausi sitten
  • "Get a co-signer". *Raspy voice heard in the distant South Carolina foothills* "Grandmaaaa"

    Magnificent WestMagnificent WestUukausi sitten
  • What the hell is going on with these 13 minute long ads in this video?

    Kevin ThomasKevin ThomasUukausi sitten
  • I never understood why someone who could afford one of these cars would put more money down to lower their payment. I assume that these people could realize better returns and could use the liquidity and flexibility by simply holding on to the money. Great interview.

    DA HannahDA HannahUukausi sitten
  • Incredibly useful video. The bottom line is that for mere mortals, if you make a plan, you can buy an exotic.

    neuronbobneuronbobUukausi sitten
  • Do one interview with car maintenance costs and insurance schemes

    The One Above AllThe One Above AllUukausi sitten
  • I expect Mr Katz bought into Bitcoin when it was pennies

    amcluesentamcluesentUukausi sitten
  • Wish I'd seen this sooner...I have an idea for a FIboth Channel....Exotics Driven Daily.....Where I finance a Lambo and crash it into stuff while making my channel go viral.....YEP! I think that is a fantastic idea....EH Hoser?

    Eric BrandtEric BrandtUukausi sitten
  • Thank you for posting this I was wondering how it worked

    Good Luck WorldGood Luck WorldUukausi sitten
  • Ha! You can tell Mitch has said "no" to a lot of people!

    dkrothdkrothUukausi sitten
  • I can't be the only one that thought that was Michael Keaton in the thumbnail before I read the title lol

    Levi ThrasherLevi ThrasherUukausi sitten
  • Michael Keaton, is that you?!

    James BuchananJames BuchananUukausi sitten
  • Mitch blinks a lot and pushes balloon finance. You don’t need to strap a polygraph to estimate this guy has a problem with the truth.

    Alx GaiAlx GaiUukausi sitten
    • Sure if you have 8k spare each month you can probably buy an aventador with no balloon Have fun

      Thomas AThomas AUukausi sitten
  • Shoot, I wonder if I could start a bank to finance sub $10K enthusiast $h!t boxes. Any takers?

    Sale Proof Car ReviewsSale Proof Car ReviewsUukausi sitten
    • Pretty sure that’s called a credit card

      Thomas AThomas AUukausi sitten
  • Bruh I thought this was an April Fool's video lmao

    iTouchAppReviewersiTouchAppReviewersUukausi sitten
  • Is there a minimum dollar amount PFS looks for to do a lease term ????

    PAT MCMAHONPAT MCMAHONUukausi sitten
    • 45-50k got it. Lol

      PAT MCMAHONPAT MCMAHONUukausi sitten
  • Excellent information !!!

    Pilotgirl59Pilotgirl59Uukausi sitten
  • If you fiance a super-car, by definition you are fcking poor...Go buy a Honda and wait until you've made something of yourself and can afford big-boy toys.... God damn "wannabes" everywhere these days...

    Steve DaviesSteve DaviesUukausi sitten
  • Nice video today Gentlemen. Very informative. Thank you Mr. Bolian, and thank you Mr. Katz.

    Detroit JoeDetroit JoeUukausi sitten
  • me owning an exotic supercar as an independent architect in Italy. Perfect April's fool video!

    m._cellom._celloUukausi sitten
  • 24:36 what was the term for this example? I don't think that was mentioned.

    Israel SIsrael SUukausi sitten
    • @Mitch Katz thanks for the reply Mitch

      Israel SIsrael SUukausi sitten
    • 60 months.

      Mitch KatzMitch KatzUukausi sitten
  • What percentage of your income is recommended? For example if I make 150k can I borrow 150k?

    Israel SIsrael SUukausi sitten
    • Is this pre or post tax

      Dushanbe Bbd DhdhdjsjsDushanbe Bbd DhdhdjsjsUukausi sitten
    • @VINwiki thanks!

      Israel SIsrael SUukausi sitten
    • Potentially, yes. But 70-80% is a lot easier.

      VINwikiVINwikiUukausi sitten
  • These exotic car purchase advice videos are my absolute favourite. Helping me build out my 5 year plan video by video

    Robert WRobert WUukausi sitten
  • The comment about the gap insurance is spot on. It doesn’t matter if it’s a daily driver or a garage queen. And honestly the guy from premier backpedaling while trying to answer the question just proved the point.

    Chad PerryChad PerryUukausi sitten
  • Mr. Katz, if you're reading this: I am a college student working on my Bachelor's Degree in Finance. What is the best way to get my foot in the door for exotic car finance? I love talking cars and money and believe this field is a great fit for me.

    Chandler MottChandler MottUukausi sitten
    • @Mitch Katz How hard is it to get one of these jobs at a dealership? What should be on my resume? Aside from my bachelors in Finance.

      Chandler MottChandler MottUukausi sitten
    • Hey Chandler, your best bet is to try and secure a job at a dealership in the F&I department to gain experience on how the industry works and then target a lender or dealer who specializes in exotics.

      Mitch KatzMitch KatzUukausi sitten
  • Can someone clarify what the residual is and how is it negotiated?

    MonsterFlipsUSAMonsterFlipsUSAUukausi sitten
    • What the car is “worth” at the end of the loan If you buy a 120k car with a 60k residual, at the end of the loan you still owe 60k if you want to keep the car.

      Thomas AThomas AUukausi sitten
  • I like how I listened to all of this but I will never make enough money to finance an exotic car

    Viperacrx600Viperacrx600Uukausi sitten
    • Bargain, 150k aussie (100k USD), urine yellow, 17yo, 46,000km/30,000mi on carsales

      Thomas AThomas AUukausi sitten
    • A 16yo gallardo in australia is still 165k aussie... I’m sure I could get it past a lender, but for a 16 year old car? My Honda is 12...

      Thomas AThomas AUukausi sitten
    • Don't say that man, you can manifest literally anything you want to accomplish

      Mancave MotorsportsMancave MotorsportsUukausi sitten
  • I use Ed's body language to help callout the "We know what we mean 😏" moments. The of course you do that, that's how we/they make our money!

    Bell LunaBell LunaUukausi sitten
    • Time stamp

      Dushanbe Bbd DhdhdjsjsDushanbe Bbd DhdhdjsjsUukausi sitten
  • We need ed at the radio or in a podcast

    Giulio ToffanoGiulio ToffanoUukausi sitten
  • Excellent video

    Friendly JuncoFriendly JuncoUukausi sitten
  • I cannot imagine borrowing money to buy an expensive car that is used for pleasure. Sure, I get some people need to borrow money so they can get to work. Also an exotic that is used for business investment that has an ROI that exceeds the carrying costs such as a FIbothr or an exotic rental company. But borrowing money to have a toy is the road to ruin. Financially independent car enthusiast that has not had a car loan since 1990. For most people, figure out what it costs to live comfortably each month. Add in a monthly investment into your long term/retirement savings. Then and only then pay cash for toys with the disposable excess. But better to scale that back and double your monthly investment. You sleep great, you have just as much fun, one day you stop working and have zero concerns. Your toys should be paid with money you will not miss if it is lost.

    WWUukausi sitten
  • Through this, I've learned that I officially have too many hobbies. I make pretty good money (about 160% of my area's median household income) and there's no way I'd be able to swing some of the monthly payment numbers being stated.

    mtfanmtfanUukausi sitten
    • @J Mark So what's a "real job?" Engineer not good enough for you? Like I said, just myself I make 160% of what an entire household brings in in my area.

      mtfanmtfanUukausi sitten
    • Get a real job

      J MarkJ MarkUukausi sitten
  • Ed is the man!

    Gianni RussoGianni RussoUukausi sitten
  • Please put a timestamp somewhere.

    DJ 96DJ 96Uukausi sitten
  • not sure why i watched this whole interview as a 19 year old college student but it was certainly interesting and informative! i'm a long way from my dream car but it never hurts to know more

    Skylar GraceSkylar GraceUukausi sitten
    • @Herbert Harris thanks will keep in touch

      Anastasia BeccaAnastasia BeccaUukausi sitten
    • Seeing alot of success stories, he must be honest and trustworthy for people to talk this good about him.

      Randi HowardRandi HowardUukausi sitten
    • He's obviously the best I invested 2000USD with him and in 9 days I made a profit of 6580USD

      Brittney MurphyBrittney MurphyUukausi sitten
    • I remember starting startingup with an account size of $600,now am flaunting my $30000 toy doubting friends,thank God for you Gari mich

      Stock HollyStock HollyUukausi sitten
    • Speaking of Forex trading its the best business in the world right now,I know a couple of friends who make a whole lot of money trading the financial market

      Sheldon EvanSheldon EvanUukausi sitten
  • I thought I could listen to this on the side like a podcast, but too much knowledge. I need to have pen and paper out lol

    Chad HortonChad HortonUukausi sitten
  • If you lease an exotic car with Premier for 5 years. And you get to the end of the 5 years, can Premier refinance the end remaining amount left on the car if you want to buy it out? Or would you need to get another bank to finance the end buyout amount if you don’t have it in cash?

    SleepEatDriveSleepEatDriveUukausi sitten
    • Yes, they will send you an offer at the end of the term to create a new lease starting from the residual.

      VINwikiVINwikiUukausi sitten
  • Ed is my role model, and of all people!

    a51mj12a51mj12Uukausi sitten
  • “New kind of episode” please excuse me while I assume this is an April fools day joke

    Dbrank28Dbrank28Uukausi sitten
  • cant wait to get that rolls royce ghost 😤

    LeoD CaribbeanLeoD CaribbeanUukausi sitten
  • Am I the only one who sees a bald Michael Keaton, financial Batman with the solid advice and info.

    TripR32 !TripR32 !Uukausi sitten
    • Me too

      Upcycle ShoesUpcycle ShoesUukausi sitten
  • This interview was LEGIT GOLD!

    SleepEatDriveSleepEatDriveUukausi sitten
  • Thanks for this video. Never felt like owning my dream car, a dodge viper, was anything close in my future. This video gives hope.

    Tyler BoylesTyler BoylesUukausi sitten
    • Viper 🐍

      Eric WorthingtonEric WorthingtonUukausi sitten
  • Thanks for answering my question guys! I’ll save my pennies :)

    Kristian TrajkovskiKristian TrajkovskiUukausi sitten
  • For just 2-3 seconds I was sure some April fools shenanigan was going to happen, for me it would be something like: Mitch coming on and harassing Ed to pay his loans while on a Hugh Hefner's robe, when Ed try to argue he needs more time and will pay, he hears the door opening, and a few moments later you'd only see some people (preferably from past vinwiki histories) starting throwing punches on Ed to "teach him a lesson".

    macviriimacviriiUukausi sitten
  • When I bought my 2003 corolla s I had to use a similar company:) .

    Firebird400Firebird400Uukausi sitten
  • I love the 144 month payment plan

    Arch417Arch417Uukausi sitten
  • So much wisdom here

    Brett BilgerBrett BilgerUukausi sitten
  • We are not worthy!

    Gus KipperGus KipperUukausi sitten
  • So what I learned from this. I'm not even close to an Ed Bolian Lamborghini.

    Russell GavinRussell GavinUukausi sitten
    • Just learn to code. Biden thinks it's a solution for people who don't have jobs due to his fascist regime. Maybe it will work for you too!

      Dodge RiderDodge RiderUukausi sitten
  • Last time I was this early, Shmee wasn't turning his underwear inside out to re-wear.

    Clint GlifordClint GlifordUukausi sitten
  • Today, Ed proves he should host a podcast. Now we need to prove that we would listen!

    P WrightisRightP WrightisRightUukausi sitten
    • I want to see ed on the jre

      Russell GavinRussell GavinUukausi sitten
  • Now that every FIbothr is doing a april fool's joke I can't trust anything

    Dhruv JatDhruv JatUukausi sitten
  • You get an exotic car when you can pay it up front fully because you've made it in life! 12 YeArS fInAnCiNg for an old exotic with only 35%APR! STFU! Only boomers will far for that!

    OmarOmarUukausi sitten
  • Tavarish does it right.

    dasfabelwesendasfabelwesenUukausi sitten
  • Woah! Slow down, professor!

    amcluesentamcluesentUukausi sitten
  • Navy federal. If you’re a high income earner, with a good relationship with them. They will lend you at very low rates. Nothing down, and a 15 min process.

    Sarah DellSarah DellUukausi sitten
    • Agreed..

      Afshon KhanomAfshon KhanomUukausi sitten
    • You think NASA Federal would do the same?

      The Crazy GoatThe Crazy GoatUukausi sitten
  • Guest looks exactly as expected 👃👃👃👃

    Chris FokjohnChris FokjohnUukausi sitten
  • Love this format thanks to Mitch for coming on and making things work behind the scene. Also, an hour?...we're truly not worthy lol

    thebrassmonkey100thebrassmonkey100Uukausi sitten
  • First you sell a kidney for the down payment, then you pay all your income towards the loan for the next 20 years.

    deadmansfiredeadmansfireUukausi sitten
  • Great vid, thanks for sharing! 👍👌👍

    THROTTLE POWERTHROTTLE POWERUukausi sitten
  • Just financed my Lamborghini through these guys a week ago specifically because of the information that I've gotten over the years from Ed Bolian and VinWiki. Can't recommend them higher, they were very professional, easy to work with, and Ross Dressel in their Detroit office in particular was helpful

    Anthony DrakeAnthony DrakeUukausi sitten
    • @Anthony Drake okay baby girl 😂

      Eric Guttenberg, MDEric Guttenberg, MDUukausi sitten
    • @Eric Guttenberg, MD first off, we all know you're just a troll and certainly don't make any kind of money. Still, just to contradict your absurd statement it's not all about what you value. It's about what other people value. To me, this is a great investment to have a lot of fun for a relatively inexpensive overall cost

      Anthony DrakeAnthony DrakeUukausi sitten
    • @Mark Rampersad i am a neurosurgeon

      Eric Guttenberg, MDEric Guttenberg, MDUukausi sitten
    • @Eric Guttenberg, MD what do you do exactly?

      Mark RampersadMark RampersadUukausi sitten
    • @Angie exactly my point, i make a year enough to buy 2 brand new of those but it's just a dumb investment

      Eric Guttenberg, MDEric Guttenberg, MDUukausi sitten
  • Time for some shrewd negotiation

    Sgd TVSgd TVUukausi sitten
  • Hey Ed, thanks for this forum & the useful information!! 👍👍😊

    Christopher KraftChristopher KraftUukausi sitten
  • I follow the “If you have to ask, you can’t afford it” method. It hasn’t failed me yet.

    ndgondgoUukausi sitten
    • Just tryna cool things off here, God bless thats awesome. Stay humble and grateful

      Mancave MotorsportsMancave MotorsportsUukausi sitten
    • @Leggo My Ego Lol just because someone decided to purchase a product differently than you doesn’t make them financially irresponsible. What a fucking boomer.

      Gregory BarkerGregory BarkerUukausi sitten
    • @Mancave Motorsports nothing special lol. Gen 2 ghost, gen 2 r8 spyder and a GTR

      Nick DavisNick DavisUukausi sitten
    • @Leggo My Ego & @Nick Davis perhaps everyone should take a deep breath and think beyond the complete utter vanity of the physical world: "But lay up for yourselves treasures in heaven, where neither moth nor rust doth corrupt, and where thieves do not break through nor steal:" Matthew 6:20 King Jesus Version (KJV)

      Lance SchultzLance SchultzUukausi sitten
    • @Nick Davis that's cool man what kind of cars do you have in that garage?

      Mancave MotorsportsMancave MotorsportsUukausi sitten
  • *I tell people about this channel all the time. Vinwiki is the best!*

    Paul CarmiPaul CarmiUukausi sitten
  • 36:30 If I watched this video a year ago I would've had no idea what language these two were communicating in.

    SparkourSparkourUukausi sitten
  • Trust levels super low today 😉

    Dieter MacPhersonDieter MacPhersonUukausi sitten
  • I just bought a Cayman GTS with PFS and they were absolutely fantastic. Ross Dressel was helpful and friendly from start to finish. Only owned the car for a week and I can't wait to buy another!

    BeriechBeriechUukausi sitten
    • @Beriech oh ok, cool

      Eric WorthingtonEric WorthingtonUukausi sitten
    • @Eric Worthington nah I meant I had only owned it for one week when I wrote the comment. I still have it and drive it every day!

      BeriechBeriechUukausi sitten
    • Why only a week? It got totalled?

      Eric WorthingtonEric WorthingtonUukausi sitten
  • Sad that this mainly applies to North America primarily. Here in Australia, extoic car ownership is ridiculously expensive

    TheNostalgicAussieTheNostalgicAussieUukausi sitten
    • @BornIn1500 And they'll succeed. Nobody knows how to stop legislation. The RPM act is a perfect example. Passing legislation to cure legislation. Putting cars in a box no matter what.

      Cameron McPhersonCameron McPhersonUukausi sitten
    • @Cameron McPherson the left is trying hard to get there.

      BornIn1500BornIn1500Uukausi sitten
    • I can't WAIT until the US government is as overbearing as the rest of the world.

      Cameron McPhersonCameron McPhersonUukausi sitten
    • This is very true. The US is likely the cheapest place on Earth to own exotic cars.

      VINwikiVINwikiUukausi sitten
  • Aye

    tyler pottstyler pottsUukausi sitten
  • I love how it shows 2 views, but 4 comments already

    Gabe JohnsonGabe JohnsonUukausi sitten
    • Same here, I didn't catch that though

      Gabe JohnsonGabe JohnsonUukausi sitten
    • And 17 likes for me

      KAgeraR273KAgeraR273Uukausi sitten
  • Imagine getting a heart by VINwiki themselves

    KAgeraR273KAgeraR273Uukausi sitten
  • All the questions we wanna know before our first super or exotic car!

    Thomas ThompsonThomas ThompsonUukausi sitten
    • Army doesn't pay enough :/ but 1500hp German tanks make up for that

      Colby RossColby RossUukausi sitten
  • Best videos on FIboth are VINWiki videos

    Adrian BarbosaAdrian BarbosaUukausi sitten
  • Congrats to anybody who is early and who found this comment useful 🤝💯❤️

    Auto HunterAuto HunterUukausi sitten
  • Hey there

    TheCoringtonTheCoringtonUukausi sitten
    • Hello

      Keith AdamsKeith AdamsUukausi sitten
  • Getting famous off of comments day 303, so I can live the dream, live every day like it’s your last🤙🚀

    Larson FilmsLarson FilmsUukausi sitten
    • @Mr Stevens Head of Catering not even. People would have to *care*

      Paul CarmiPaul CarmiUukausi sitten
    • You aren't getting famous mate, Infamous maybe.

      Mr Stevens Head of CateringMr Stevens Head of CateringUukausi sitten
    • This is literally spam at this point dude.

      Paul CarmiPaul CarmiUukausi sitten
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