Why vloggers buy so many cars (Financial Breakdown)

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Comments • 3 283

  • pggarthw8
    pggarthw8  32 minutes back

    How about an update on Nicole's cars?

    • alex mendoza
      alex mendoza  44 minutes back

      Good stuff!!

      • ittzz The_OG_Phil
        ittzz The_OG_Phil  1 hours back

        Nice 8 series in the beginning

        • EFormance Engineering
          EFormance Engineering  1 hours back

          I'm 1/3rd of the way through and if he sells the car, he has to pay taxes on the net profit. If he keeps the car it's considered a business deduction and he effectively pays no taxes on that $43k he got from youtube videos. If he keeps buying cars and not selling them, until he's owned them for 5 years, he gets to have his cake and eat it too. By the time he's had the car for 5 years it is depreciated as a business asset and the resell value is much lower. At some point he has to turn a profit, but it benefits him to continue buying new car stock to feed his channel, to offset the revenue he's getting from the videos. He gets to take the full purchase price as a business deduction, even as the car depreciates -- think about that, he gets to deduct (not pay taxes) on the original purchase price of the vehicle, even when the vehicle is depreciating in value as he owns it. He can then resell the vehicle and he only has to pay taxes on the money he made above the original purchase price.

          • Mr. H
            Mr. H  1 hours back

            Still haven’t gotten use to that ‘70s porno ‘stache.

            • bronzeagle1
              bronzeagle1  2 hours back

              Always heard about you from other youtubers I watch like tjhunt throtl dustinw but never watched a single video of yours until this one and will say judging from this video I can tell you're a great person and I will be subscribing and following your channel

              • Ryno
                Ryno  3 hours back

                Chips!!!

                • anthony Booser
                  anthony Booser  3 hours back

                  You should never own a white van, it looks like you have to stay 500ft from a school zone.

                  • GHOST R33
                    GHOST R33  4 hours back

                    its probably a r34 gtr

                    • Frederick Tambunan
                      Frederick Tambunan  4 hours back

                      This is a nice video. Explaining the world of YouTuberness in car guy terms👍👍clear and detailed

                      • Zachary Sager
                        Zachary Sager  4 hours back

                        Would love to see a forester build!

                        • Team Spintop
                          Team Spintop  5 hours back

                          24? sigh. I'm here working 9-12 hour days, 7 days a week for the last 15 years and I can afford 1 car, and no not a new car... a 90's car. Almost 40 and If I sold everything I own I still will not be able to buy a Porsche GT3.
                          I should have vlogged.

                          • Rebourn135
                            Rebourn135  5 hours back

                            I support all car buying addictions... with words. I can only afford words.

                            • NickPDX22
                              NickPDX22  5 hours back

                              They buy?!? I thought they lease

                              • A C
                                A C  5 hours back

                                Who cares

                                • Sebastian.Seabass
                                  Sebastian.Seabass  6 hours back

                                  Good video, man! Topics like this helps us as viewers take a step back and see what and how it goes down as a automotive youtuber.

                                  • deadend
                                    deadend  6 hours back

                                    ...storage/real estate/insurance costs...?...

                                    • deadend
                                      deadend  6 hours back

                                      ...totally saw you as another trust fund baby auto tuber...good stuff...fan now...live the life for the rest of us schmucks man...video did exactly what you said you set out to do in the last few minutes...enjoy...

                                      • Gimp Geek
                                        Gimp Geek  6 hours back

                                        Your GT350 has the V8 you were talking about wanting to add to the platform.

                                        • Chad Tucker
                                          Chad Tucker  6 hours back

                                          You should do a video about getting started. What has worked well and what doesn't work. My daughter much like a lot of kids these days want to be YouTubers. Nice cars by the way! As a car guy myself I am impressed by your collection. Best of luck in your future endeavors.

                                          • Vincent Hamey
                                            Vincent Hamey  6 hours back

                                            Thanks Man! Keep grinding. Love the content and been following you for years. Even met you once!

                                            • Braydon Bolton
                                              Braydon Bolton  7 hours back

                                              Any one watch adam lz when he just did bmx videos and occasionally did some drift videos? I dont think he even rides his bike anymore. 😂

                                              • Money Gill
                                                Money Gill  7 hours back

                                                2 years insurance at 2000$! That's just 85 bucks a month. That's amazing. Out here in Ontario Canada average rates are around 250-400$ per month.

                                                • michael barry
                                                  michael barry  8 hours back

                                                  Since YouTube would be your job and yourself self employed, it’d be like an LLC wouldn’t it? At that point your business expenses, food, traveling, cars, etc would be a tax write off. There for buying the GT350 for an example would of been a tax write off wouldn’t it?

                                                  • Brandon Huffman
                                                    Brandon Huffman  8 hours back

                                                    Get an Sti, like so he sees!!

                                                    • Haha MissMiss
                                                      Haha MissMiss  8 hours back

                                                      Dude, did you take hair from the top of your head and put it above your lips? Cuz, balding and moustache don't go well.

                                                      • Hasan Haq
                                                        Hasan Haq  8 hours back

                                                        Brilliant video, very insightful 👍🏾

                                                        • TheHandyGuy
                                                          TheHandyGuy  8 hours back

                                                          All this from a bmw with some bike stands on it

                                                          • Scott Dreyfus
                                                            Scott Dreyfus  8 hours back

                                                            You can sell the car for 40k. You are 15k ahead and got to do something you like and drive a fantastic car.

                                                            • MAGNETIC RESONANCE
                                                              MAGNETIC RESONANCE  9 hours back

                                                              Get a warehouse dude

                                                              • Magna Cars
                                                                Magna Cars  9 hours back

                                                                They buy them to stay recommend




                                                                *Also known as relevant

                                                                • Knothead Performance
                                                                  Knothead Performance  10 hours back

                                                                  Thanks for the education.

                                                                  • Gary Mugford
                                                                    Gary Mugford  10 hours back

                                                                    If u get bored of any of your cars send one my way 😍🤩😋

                                                                    • Dylan W
                                                                      Dylan W  10 hours back

                                                                      I think he forgot to mention that buying these cars is a business expense and therefore a tax write off. So when he said it’s costed 57k, he really means he’s made 57k, by writing off the mods and maintenance on the car, which probably goes for most of his vehicles

                                                                      • Justin R. N.C
                                                                        Justin R. N.C  11 hours back

                                                                        The og cream 13 is my favorite out of all his cars

                                                                        • Osvaldo Ah
                                                                          Osvaldo Ah  11 hours back

                                                                          the worst is when youtuber buy project cars and never finish a project and keep on buying more 🤦🏻‍♂️

                                                                          • Garrett Noe
                                                                            Garrett Noe  11 hours back

                                                                            This is why Adam is my favorite youtuber not bragging, no bullshit, just being informative to his viewers about how all this shit works. Feels like a one on one conversation with a good friend. That’s what makes him such a successful content creator. Keep it up LZ

                                                                            • S D
                                                                              S D  12 hours back

                                                                              rotary s2000

                                                                              • subie_cuhh
                                                                                subie_cuhh  12 hours back

                                                                                Buying cars for you tubers is just for tax write offs 😂😂 it’s a business investment to the channel hence you can put that car on your tax return

                                                                                • S D
                                                                                  S D  12 hours back

                                                                                  thanks for shedding light on the topic. Appreciate it and enjoyed it :) keep up the hard work bro!

                                                                                  • Trigga M
                                                                                    Trigga M  12 hours back

                                                                                    Adam thanks for this video man. Helps me keep spending more money on my self and car and producing content. I hope to be able to own many cars. Hard in the beginning but nothing else I rather do! Thanks man

                                                                                    • noxious89123
                                                                                      noxious89123  12 hours back

                                                                                      When you go V8, I'd love to see you do something like an old, quirky cheap pickup truck or muscle car or something. Maybe a fire chicken? Some high revving, cammy N/A stuff, would be different too.

                                                                                      • kodiak wild
                                                                                        kodiak wild  12 hours back

                                                                                        plot twist: financial breakdown videos yield the most money of all youtube subjects. lz is about to be riiiich 🤣🤣

                                                                                        • Adnan Pepic
                                                                                          Adnan Pepic  13 hours back

                                                                                          Do a garage tour after the new car reveal

                                                                                          • Greg Williams
                                                                                            Greg Williams  13 hours back

                                                                                            You need a new GT500!!

                                                                                            • Ashley Murphy
                                                                                              Ashley Murphy  13 hours back

                                                                                              Will you put up a Christmas tree?

                                                                                              • Ashley Murphy
                                                                                                Ashley Murphy  13 hours back

                                                                                                Do you ever talk to Nicole?

                                                                                                • Malcolm Blanc
                                                                                                  Malcolm Blanc  13 hours back

                                                                                                  The LS build would be sick. Now what should you put it into. Something that already has an LS🤔 or swap it into an Japan car? Decisions decisions 🤔🙃🙃🙃