When Does It Make Sense To Buy A BRAND NEW CAR | Minority Mindset

When Does It Make Sense To Buy A BRAND NEW CAR | Minority Mindset

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When Does It Make Sense To Purchase A BRAND NEW CAR | Minority Mindset
1:07 – When does it make sense financially to purchase a brand new automobile
3:09 – How shopping for a used automobile an prevent cash
6:26 – Understanding property vs liabilities
9:11 – The true value of your automobile
11:10 – When can you purchase a brand new automobile

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Video host: Jaspreet Singh

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DISCLAIMER CONT’D: I am only a random man on YouTube so do your individual analysis! Jaspreet Singh will not be a licensed monetary advisor. He’s a licensed legal professional, however is he’s not offering you with authorized recommendation in these movies. This video, the subjects mentioned, and concepts offered are Jaspreet’s opinions and offered for leisure functions solely. The data offered shouldn’t be construed as monetary or authorized recommendation. At all times do your individual due diligence.

  1. The last time I purchased a new car was in 2012. It turned out to be a good investment. It was a VW diesel. With the scandal and buyback, I made out ok. The last car I purchased was 3 years old with only 9,500 miles. I got it for less than 50% of sticker. Unfortunately with COVID, I only drive 25% of what I used to – so I'm not really getting much use out of it.

  2. As tech i haven't had a car payment in years. I exploit the hell out my skills, buy used and maintain the car at top notch. maintenance is key in today's complex cars system….except GM they are trash all around🤣🤣. Had to say it

  3. The second you said "thank you for watching this video", youtube decided this was actually the end and gave me a commercial… So it really was a JK. Atleast youtube fell for it😅

  4. Why couldn't I have this channel years ago? I just returned my lease and will NOT be getting another one. I knew before seeing the video but this just further reinforces that. I did feel like personally we were able to justify a lease because my wife and I were always able to share one car no problem, plus we were happy having peace of mind it (most likely) won't break down. But the next car we will buy second hand/pre owned that's 3-6 years old w/ low miles. I think 7 yrs. is the sweet spot as far as depreciation but either way still waaayyy better than buying brand new.

  5. Great content as always, I disagree with the rule of 5 on this one. Most people can't afford a new car so the majority do finance. If it's your daily driver then you want assurance that it's brand new with no secret underlining issues, whether it's 2 years old or 10. Also the rule of 5 shouldn't be applied to a car just like it shouldn't be applied to a house; can't buy 5 of those in California lol.

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