Automobile și vehicule

The Secret Hacks Rich People Use to Buy Cars

Thanks to Omaze for sponsoring today’s video! For your chance to win a restored 1969 Pontiac GTO and support a great cause, enter at omaze.com/donutmedia

Have you ever wondered how people afford super expensive cars? It turns out, there’s more going on than just having lots of money! We’ll show you how!

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Comentarii: 1 692 

  1. BoomTown

    BoomTown

    Acum 8 ore

    Can you use this tax write off under your business for a used car, or does it have to be new?

  2. C Evens

    C Evens

    Acum o Zi

    We managed to score a vehicle back at the end of April. Super glad we did, up North, no one wants to sell their cars right now.

  3. Pratik Parija

    Pratik Parija

    Acum o Zi

    "Click right here." I am like where? There is no annotation. Lol

  4. Eric karlong

    Eric karlong

    Acum 2 Zile

    Actually Cash payments is something they don't want, you can get a better deal if you finance to be honest

  5. P World

    P World

    Acum 2 Zile

    This video is only for Americans Other countries....stay away

  6. ken clark

    ken clark

    Acum 4 Zile

    Hey yalllll still got that gto or am I late?

  7. Rudy_Dstroys

    Rudy_Dstroys

    Acum 5 Zile

    I got a bad deal on a 2021 Honda Accord 2.0T Sport. It was my first time leasing a car, let alone getting a new car. Even though I did my research well and they lowered the price, I know now that car sales people will try to rip you off. They will never be transparent, no such thing exists in the world of business. If they don't get to your numbers, walk out. I wish I would have walked out and now I'm stuck with this lease for the next three years. Oh well, you live and learn.

  8. Benjamin Tucker

    Benjamin Tucker

    Acum 5 Zile

    Dealership wanted to charge me more than the advertise price because I wanted to pay without making a loan through their dealership.

  9. Lennart Niehof

    Lennart Niehof

    Acum 5 Zile

    2 ads at the beginning of the video, then a sponsorship segment and then ANOTHER 2 ads

  10. Pastel Xenon

    Pastel Xenon

    Acum 5 Zile

    1. Being rich

  11. Cryptoslacker Robnoxious Climate Rebel

    Cryptoslacker Robnoxious Climate Rebel

    Acum 6 Zile

    Great government policy to curb climate change 😔 Hey let's make a great tax right off for large fuel hungry cars , that makes sense 😳

  12. Wade Gauthier

    Wade Gauthier

    Acum 6 Zile

    Even a Wrangler JL and JT Gladiator diesels are in that category.

  13. B

    B

    Acum 6 Zile

    who the hell is buying $50k+ cars without a substantial down payment

  14. mitchell

    mitchell

    Acum 8 Zile

    i got my brand new accord sport in pearlecent white for 21k in 2019 lmao 7 miles on it, saved 6k from not buying from my local dealer and being willing to buy a few hours away, got to travel to a fun city and do something i was already going to do.

  15. A Light

    A Light

    Acum 8 Zile

    🌟Omaze is a SCAM rofilm.info/much/video/Y5O-YYZ6dGFusGo

  16. Dee Jay

    Dee Jay

    Acum 9 Zile

    I like how he says "rich people" when in reality, literally everyone in construction does this and knows the rules, and none of us are necessarily "rich", this is common knowledge and is available to anyone who files under a sole proprietorship. It's nice to be in the trades.

  17. kalamata games

    kalamata games

    Acum 9 Zile

    The 80% o sales at Porsche is used only 10% buy a new one

  18. kalamata games

    kalamata games

    Acum 9 Zile

    The only job have accounted to do is to make you pay less taxes that is why you pay him 😁

  19. ally0urb4ser

    ally0urb4ser

    Acum 10 Zile

    I THINK I HAVE IT! -best part of the video

  20. JR L

    JR L

    Acum 11 Zile

    Money makes money. Simple as that.

  21. John

    John

    Acum 11 Zile

    Everything is a write off if you’re creative enough

  22. rob

    rob

    Acum 12 Zile

    being poor is very expensive.. poor ppl have lower credit scores, less options as to where to live , theyre less likely to have medical insurance , theyre more likely to get pulled over in shitty cars, theyre more likely to smogg ciggs from depression , theyre more likely to have high interest debt , theyre more likely to be renters, and theyre more likely to be diabetic. a wealthy friend once told me money never made him happy , but it gave him options when he wanted a change

  23. Amaani Ruyondo

    Amaani Ruyondo

    Acum 12 Zile

    EVEN MORE HRSPRS!!!

  24. Todd Shaw

    Todd Shaw

    Acum 12 Zile

    It's how I bought my Tesla model X

  25. Jaka Berdajs

    Jaka Berdajs

    Acum 12 Zile

    Just wanted to point out, that cash is no longer king. Financing is now a big thing and you can get cars hellofalot cheaper financing them.

  26. Ber fus

    Ber fus

    Acum 12 Zile

    in romania, the car tax is paid by the displacement of the engine. people register the cars in bulgaria because is a lot cheaper. but its frowned upon because douches do it a lot.

  27. andryxa1 P

    andryxa1 P

    Acum 12 Zile

    Be Kind...Rewind Why does Nolan have to remind me that I'm a dinosaur every time. Stupid Blockbuster

  28. Zach Brown

    Zach Brown

    Acum 13 Zile

    3:50 are you guys serious…? “phsyched”? please tell me that was just an unfunny part of the joke…

  29. Zach Brown

    Zach Brown

    Acum 13 Zile

    please stop trying to convince us that anyone who works at Donut is “poor”. ya’ll don’t even know what the god damn word MEANS

  30. Cilas Kilime

    Cilas Kilime

    Acum 13 Zile

    Me sitting here with 180% Registration tax😯

  31. Dalton

    Dalton

    Acum 13 Zile

    I'm surprised y'all partner with omaze. Don't they only give the charity like 15% of the money?

  32. kyle peterson

    kyle peterson

    Acum 13 Zile

    @6:28 the cadillac was over heating

  33. GoodBoyInc

    GoodBoyInc

    Acum 13 Zile

    6:36 "physched"? Come on.

  34. N Y

    N Y

    Acum 13 Zile

    Either which I hope that every dealership goes under they are scammers. All these BS markups n fees! They all should be gone!

  35. Ben Picton

    Ben Picton

    Acum 13 Zile

    I drive a 2018 Miata for “free” because I use it mostly for work. Add car payment, insurance, gas, and any maintenance and multiply by the % of miles used for work purposes that month. I usually get enough to cover the car payment tax free to me. Your boss just has to be on board.

  36. Twisted Trigger Enduro

    Twisted Trigger Enduro

    Acum 14 Zile

    This is brilliant, thanks for posting. Now I just need to figure out how to get rich to take advantage of the loopholes. 🔥

  37. Seven Bates

    Seven Bates

    Acum 14 Zile

    Just a quick reminder for everybody, all those tax deductions are welfare for the rich. So all these manufacturers and rich buyers are welfare queens who suck WAY more put of the money needed for teacher and cop salaries, pothole filling, library books, school lunch programs, hospital funding, etc. Eat the rich.

  38. Dr. Romeo Leo

    Dr. Romeo Leo

    Acum 14 Zile

    Eat the Rich 🤑

  39. Robert

    Robert

    Acum 14 Zile

    Dealers don't like cash buyers, they want to sell finance to people. As that adds to their profit for each car.

  40. Chris Sinclair

    Chris Sinclair

    Acum 14 Zile

    MAYBE: If it's been in the last six to seven years I think, you can refile your taxes and get that tax break maybe. Consult your tax preparer.

  41. James Zhou

    James Zhou

    Acum 14 Zile

    Man this is why I wish I lived in America

  42. RustyTurbos

    RustyTurbos

    Acum 15 Zile

    I’m a little late to the party and I’m sure some dealer staff have already mentioned this. The first option that allows rich people to save money is actually wrong, for the most part. Actual car dealerships prefer you finance (not talking about ma and pa shops or buy here pay here’s, talking about new car dealers). Car dealers are incentivized to have customers finance and not pay cash. Each auto manufacturer (Toyota, Subaru, Honda, etc..) has its own financing institution that wants you to finance a car. There are many more reasons as to why they want you to finance but I will spare you the details. Know that if you walk into a dealership, you’re more likely to get a discount if you finance then if you pay cash. I am a finance manager at a car dealership and we are measured by how successfully our stores capture financing and leasing over cash buyers.

    • Alexander Schmall

      Alexander Schmall

      Acum 4 Zile

      The last time a bought a new car was in 2007 but I wasn't able to get a deal because it was sold by Saturn and Saturn did not have dealerships. The last time I bought a car from a dealer was in 2004...

  43. Eliazar Perez

    Eliazar Perez

    Acum 16 Zile

    Just buy a used car and save for it

  44. Jake R.

    Jake R.

    Acum 16 Zile

    When he talked about the out of state plate thing I immediately remembered whistlindiesel's r8 with Montana plates, makes sense now

  45. ItzGamer

    ItzGamer

    Acum 16 Zile

    On behalf of broke boys... someone give me 30k

  46. seedyrom247

    seedyrom247

    Acum 16 Zile

    And yet the rest of the world rewards light/economic vehicles for tax exemptions

  47. Vinicius Paiva

    Vinicius Paiva

    Acum 16 Zile

    get a cheaper heavy duty, sell immediately for a bit less than the full price, great success

  48. Lawrence Cervantes

    Lawrence Cervantes

    Acum 17 Zile

    This mostly california laws. Most of us live in the real world.

  49. Eric

    Eric

    Acum 17 Zile

    I know another tax loophole. It’s when a parent company buys another company (like Donut Media for example) in order to defer revenue and show less net income for the year, significantly reducing the tax bill. But who would ever do that?

  50. Zz ™️

    Zz ™️

    Acum 17 Zile

    3:35

  51. James Blazes

    James Blazes

    Acum 17 Zile

    Hahaha shoot - the funny hypocrisy of wealth doesn't just stop at cars

  52. Fave Adams

    Fave Adams

    Acum 18 Zile

    How much HRSPRS is too much horse.... 🐴

  53. Andrew Wilkins

    Andrew Wilkins

    Acum 18 Zile

    Thank you I needed that 👏👏👏

  54. bcvbb hyui

    bcvbb hyui

    Acum 18 Zile

    Looking awesome my guy! Hope you, the family and whole Doughnut team has been happy and healthy :) Thanks for the content as always ❤️🙏

  55. m m

    m m

    Acum 18 Zile

    Rent gets higher to get away from the hood. More expensive for some of us that are not so well off.

  56. MacFastang

    MacFastang

    Acum 18 Zile

    The rest of us average people? Dude, you probably earn $100k a month through this channel alone. Nice try!

  57. Sflot

    Sflot

    Acum 18 Zile

    Ah yes, law-abiding tax-paying citizens are paying for rich peoples' toys. Got it!

  58. Tyler Witmer

    Tyler Witmer

    Acum 18 Zile

    M2's and Mammoth 1000's? thats my shit right there lol

  59. d b

    d b

    Acum 19 Zile

    1969 is the greatest year for all around vehicle styling worldwide

  60. GoodGoodDay

    GoodGoodDay

    Acum 19 Zile

    6:05 -That Audi was photographed in Liechtenstein. Just FYI. Lovely country.

  61. Bob Sides

    Bob Sides

    Acum 19 Zile

    “It’s a write off!” Whats a write off? Who pays for it? IDK the Write off people.” I know those people of you don’t. And it’s a bit more complicated thank that.

  62. Jared c

    Jared c

    Acum 19 Zile

    Give my boy Nolan a raise 😋😂

  63. qopoy dnon

    qopoy dnon

    Acum 20 Zile

    They are such a mood

  64. unwavering_sightseer

    unwavering_sightseer

    Acum 20 Zile

    Thank you, tax code 179, time to figure out what to get. And thanks, doughnut.

  65. Pradigy Musicman - Music Producer & Artist

    Pradigy Musicman - Music Producer & Artist

    Acum 20 Zile

    Here are the steps - it’s not about being rich 1) open a single member llc with your state 2) car must be used for 100% business 3) lease a car - so you can write off 100% payments 4) Start a ROfilm channel about your car Yea it’s that simple. For the 179 bonus deduction you just need to finance a vehicle over 6000lbs and you can use bonus deduction to write it off in one year, but it needs to be 100% used for business The point is just follow the tax rule and you’ll be fine. It’s there to help all small businesses succeed not just for rich people.

  66. Henry Solis

    Henry Solis

    Acum 20 Zile

    Only thing that’s wrong is that dealerships prefer people to finance over paying cash. They make much more money that way. Paying cash gives you no leverage.

  67. The Vegan Driver

    The Vegan Driver

    Acum 20 Zile

    Guys where is our Wheelhouse? I allready prepared my pizza and stuff

    • qopoy dnon

      qopoy dnon

      Acum 20 Zile

      Looking awesome my guy! Hope you, the family and whole Doughnut team has been happy and healthy :) Thanks for the content as always

  68. Wayne Douglas

    Wayne Douglas

    Acum 20 Zile

    The secret of your future is hidden in your daily routine. Successful people do daily what the unsuccessful only do occasionally

    • Chirag Malhotra

      Chirag Malhotra

      Acum 20 Zile

      People come here with the aim of chasing money more than knowledge and that will damage your progress, trust me. Chase knowledge first and I promise! The money will follow you just like it's following some of us now

    • Chirag Malhotra

      Chirag Malhotra

      Acum 20 Zile

      @Wayne Douglas yeah! I agree with you

    • Wayne Douglas

      Wayne Douglas

      Acum 20 Zile

      The amount of time you spend believing we can't is more than enough time to learn how you can

    • Wayne Douglas

      Wayne Douglas

      Acum 20 Zile

      Successful people don't become that way overnight. What most people see at a glance-wealth, a great career, purpose - is the result of hard work and hustle over time

  69. Mohammed

    Mohammed

    Acum 20 Zile

    Atleast don't monetize a video which is already sponsored? Edit: also promoting products in the same video...

  70. John Cash

    John Cash

    Acum 20 Zile

    I prefer to lease them beat em and then dump em' for a younger one...lmao

  71. live well with EDS

    live well with EDS

    Acum 20 Zile

    OR plates are great if u can get them... me, OR native 🤣🤣

  72. live well with EDS

    live well with EDS

    Acum 20 Zile

    remember the NY heiress scam thing? it confused me they were fine giving her money, as something they don't know and never met. but when its a poor person asking for money that's too much [not talking about the whole crime thing. seen this plenty of other times too]

  73. Isabel Guterres

    Isabel Guterres

    Acum 21 o Zi

    Lover of money.. rofilm.info/much/video/oWqZo2p5YnSJtaU

  74. K P

    K P

    Acum 21 o Zi

    Off topic question. Do Performance chips actually work? I’ve seen companies promising up to 30hp gains. If this is true, why add turbos, intake & exhaust. Sounds like a huge 💩 filled 🌯 to me.

  75. Mario Moreno

    Mario Moreno

    Acum 21 o Zi

    ✨Nolan's health and wellbeing ✨

  76. SecondLifeDesigner

    SecondLifeDesigner

    Acum 21 o Zi

    Never let a car salesman know you have cash or enough money to buy the car outright. If you do they will jack up the price.

  77. Lažni Profil

    Lažni Profil

    Acum 21 o Zi

    You go to factory and buy the car there. No dealer, no intrest, no problem.

  78. twothreebravo

    twothreebravo

    Acum 21 o Zi

    I just got a Hyundai Santa Cruz. My dealership is really hurting for other cars to sell because where I live good used cars are hard to come by they wanted my trade-in so bad I got a really good deal.

  79. Roy Perry

    Roy Perry

    Acum 21 o Zi

    The wreck that work around the no cash situation is to take out financing or lease the vehicle and pay it off after making three payments. That cash money may have come out of a set aside fund hello which would be Ernie some sort of Interest.

  80. 猴子在外國

    猴子在外國

    Acum 21 o Zi

    This and next year, those car still expensive but a lot people getting in to social to work, and they need vehicle. So unless for suddenly people die a lot in the world if not car price won’t go down or car production is x3 next year….

  81. cmlxjcky

    cmlxjcky

    Acum 21 o Zi

    Buy a corolla - reliable car bigger than a medium sized sedan from 25 years ago....

  82. bouytt guyt

    bouytt guyt

    Acum 21 o Zi

    Looking awesome my guy! Hope you, the family and whole Doughnut team has been happy and healthy :) Thanks for the content as always ❤️🙏

  83. Seif Souli

    Seif Souli

    Acum 21 o Zi

    In my country you're charged 200% more for a base model due to taxes, and there is no work around unless you're rich and you bribe your way through an army of taxers to shut em up... ah 3rd world corruption boiiii

  84. yan yaz

    yan yaz

    Acum 21 o Zi

    Jokes on you I have a 68 gto that’s not running

  85. Dave Lyon

    Dave Lyon

    Acum 21 o Zi

    There's no such thing as tax loopholes. There is only tax code that has been written that way on purpose. You don't have to have an LLC to deduct your car from your taxes. You can do it as a DBA (fancy initials that simply means you're "doing business as" which doesn't require an extra entity so it saves you on paperwork). Do you have a lawn mower? If you mow a couple of your neighbor's yards for money, BOOM you're a DBA and can deduct your pickup, and your lawn mower, and gas, and maintenance. Do you sell avon? You have a DBA, and you need a company car. Your business can even lose money for a few years, but you need to talk to a good CPA to make sure you keep everything legal. It doesn't stop there. Do you need a camera to advertise your company on Facebook? Gas money? Tires? Trip to Vegas for your annual shareholders meeting (ok, you probably need an LLC for this one). Office space in your house, company dinner to talk about work. Oh, your 12 year old son works for you in your lawn care business? Wages are deductible, and your son doesn't make enough to have to pay taxes. Now, your son buys his own clothes tax free, and his own school lunches, he might even decide to pay for a trip to disney world for the family, all tax free. Even better, your son can now start a ROTH IRA. If he sticks money in there at a very young age, he'll be a MULTI millionaire by the time he's at retirement age, and all the returns will be tax free. Literally saving him millions of dollars in taxes, while you got a tax break for paying his wages. Tax savings are NOT reserved for the uber rich. Talk to your CPA I am not a tax professional, and this is not tax advice.

    • bouytt guyt

      bouytt guyt

      Acum 21 o Zi

      My father in law writes off his car payments, insurance, and fuel on his taxes by having a shell company with a 'fleet' A company fleet is simply having 2 or more cars. His real

  86. Santor

    Santor

    Acum 21 o Zi

    Nolan, we want to see the packard again.

  87. Bill Dollar

    Bill Dollar

    Acum 21 o Zi

    There's a limit to how many front-loaded ads a sane person will sit through to get to the subject video....I tap out at three.......

  88. Evan Mayer

    Evan Mayer

    Acum 21 o Zi

    All things considered, mustangs aren't really "light cars" but ok

  89. J Neptune

    J Neptune

    Acum 22 Zile

    Tax deductions are not free

  90. Just Will

    Just Will

    Acum 22 Zile

    I see you. Looking all cut up!!! Look at them sweet gains!!!!!!💪

  91. Live 4 Life

    Live 4 Life

    Acum 22 Zile

    Buy a house because that’s an investment. Lease a car because it loses its value rapidly

  92. Zilla Beatz

    Zilla Beatz

    Acum 22 Zile

    Is it me, or do those tires on that Omaze GTO look wasted? 🤔🤔

  93. mike cheslock

    mike cheslock

    Acum 22 Zile

    Delaware says tax free, but they charge you a 4% "processing fee."

  94. Muhammet Albayrak

    Muhammet Albayrak

    Acum 22 Zile

    rofilm.info/much/video/YqO3kYSie6SRxnM

  95. I Suck at Games

    I Suck at Games

    Acum 22 Zile

    Section 179 is being fazed out over the coming years so those of you in the future do beware

  96. lobster whisperer

    lobster whisperer

    Acum 23 Zile

    Having off-shore account in the isle of man helps.

  97. TURBOCHARGER

    TURBOCHARGER

    Acum 23 Zile

    Buy a car rofilm.info/much/video/fKnQl2aneZaHsKE

  98. PC Principal

    PC Principal

    Acum 23 Zile

    For the first point, if you get a car loan the bank pays the car in full and you owe money to the bank. The dealership will get the full amount upfront, so it don’t matter the downpayment

  99. Jack B

    Jack B

    Acum 23 Zile

    My father in law writes off his car payments, insurance, and fuel on his taxes by having a shell company with a 'fleet' A company fleet is simply having 2 or more cars. His _real_ company has partners, so he couldn't pull that stunt using that. The dude is a class A tax dodger. The name of his shell company was J.P. STIRS. Means Jerry & Pam Screw The IRS. The IRS never asks.

  100. Mickey Minaj

    Mickey Minaj

    Acum 23 Zile

    I'd say I own Thanksgiving...

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