Where am I most likely to get approved for an exotic car loan without a history of buying cars?
Posted by Throatbruiser759@reddit | askcarguys | View on Reddit | 42 comments
I’m 24 years old and make around 10-20k a month with pretty much no expenses, I want to buy a Lamborghini Huracan 610LP which are around 200-230k. I need to find somewhere I can get approved for a loan but I have no car loan history at all. I can put around 80k down now. Anyone have any idea?
Kyle_2099@reddit
If you can earn 20K a month then buy one in cash next year. Try not to wrap it around a tree.
Actually, don't. Buy a house.
Throatbruiser759@reddit (OP)
Gotta get this thing before 25
omaregb@reddit
Why. Are you stupid?
Throatbruiser759@reddit (OP)
Only live once brother , I want to have a Lamborghini while I’m young in my 20s not when I’m 50. And I’m pretty close to doing so
omaregb@reddit
If you need to get a loan you are not. It's not the flex you think it is, it just shows you have good income but are financially illiterate.
Throatbruiser759@reddit (OP)
I do social media this car will make more probably 3x my income from the marketing of it. And yeah I am I just don’t have car loan history. Reddit is so braindead idk why I even asked ts on here😂
FlounderKind8267@reddit
No, you're just a child who is not smart enough to think logically. And you're upset when people point out the obvious
UnderTheFrozenSky@reddit
"reddit is so braindead"
"I want to buy a $200k car on loan for social media cred"
:popcorn:
Im_Action@reddit
You dont specifically need a huracan for marketing there are cheaper and better options if this is a business expense
bought my vantage at 23 im 26 now nothing changes if you wait a couple years to be able to buy it in cash it actually just solidifies your financial position the longer you wait.
omaregb@reddit
Brother if that's your angle, do what every other social media guy does... Rent it
FlounderKind8267@reddit
Your insurance will be astronomical, it will change your appearance with everyone and not in a good way, and you'll be heading down the path that all people with no common sense end up in, which is "making money, but constantly in debt"
You lose that income, and you're fuuuuuuuuuuuucked
Fun-Yam-7257@reddit
Didn't realise you were gonna turn 50 next year instead of 25, that's kinda rough.
But nah seriously man if you're that lucky don't be so fuckin stupid with it. You can still show off when you're 25.
Bulky_Employ_4259@reddit
Nobody is going to loan a 24 year old with no history 150,000 for a Lamborghini. Probably for the best as that would be a terrible decision.
H0SS_AGAINST@reddit
Nobody is going to ensure this troll either.
jrileyy229@reddit
Did you drink your Ensure this morning?
H0SS_AGAINST@reddit
I fucking hate Google. Nobody's going to insure this troll either.
jrileyy229@reddit
If they put 80 down with proof of income, absolutely they are.
PhilinNY718@reddit
Your doing great, really! But you not making that kind of dough. I do have a friend similar to you though, bought used lambo. Said the depreciation on used will be the same as the cost of new convertible vette he buys every couple years but has an actual supercar. Long story short, he couldnt wait to get rid of it. Too much aggravation. Cant stop anywhere without someone trying to take pictures but not respecting his car, they'd lean on it, touch the glass, some girl put her tits on the window. Almost got into a few brawls over the car.
stupidfock@reddit
One thing to keep in mind is if you’re doing social media, I assume you’re essentially self employed. You don’t have consistent pay stubs so they are gonna want to see your tax statements. If you don’t have at least 2 years of tax statements at this income level, you’re basically dead in the water here.
ZweetWOW@reddit
Bro you cannot afford a Lambo lol. I make more than you and I can't afford a Lambo. Just because you have no expenses now doesn't mean you won't forever. Buy an M3 if you need to impress the hoes
Throatbruiser759@reddit (OP)
I won’t have any more expenses than what I do now for another year possibly even 3 more. I can afford one especially with what I do for a living it will make me way more money buying the car .
ZweetWOW@reddit
Just wait until you need to change your brakes g, then you will realise how much you truly cannot afford a Lambo
Classic-Quote3884@reddit
He's a kid, and cant see past his nose, let him find out the hard way.
bravehawklcon@reddit
10-20k is a big range.
H0SS_AGAINST@reddit
You don't understand, it all depends on how his shit coin AI auto ship business is going.
H0SS_AGAINST@reddit
Wait another few months and you can put $160K down! 🙄
DFLDrew@reddit
It’s a car. As long as you have the income to cover the payments, traditional lenders won’t care. Biggest problem will be bankers thinking there’s a typo or something adding a zero
Independent-Tap4957@reddit
you should be able to get one anywhere assuming you have good credit which you should at that amount a month
but at 10 to 20k a month and youre already at 80 I would just continue saving till you get closer to your goal.
Classic-Quote3884@reddit
Its honestly up to the manufacturer. They can say yes or no, regardless of your credit or finances. They say no to celebs that make millions easily. Personally, I wouldn't buy one, they break down constantly.
Throatbruiser759@reddit (OP)
I’m really just trying to do it before my birthday 2 months from now 😂 that’s why I’m in a hurry . Told myself I’d get a lambo before 25 all my life
FiestaDeHombreMuerto@reddit
I didn’t know lying about your income paid so well.
Throatbruiser759@reddit (OP)
Why would I lie about my income on a Reddit question where I have to be specific to ask for the correct help lol
UsualBluebird6584@reddit
Dont worry, some people have no clue,and anything outside of their experience id impossible. I sell rvs. I see litterally 1/3 making that or more.
FiestaDeHombreMuerto@reddit
I have no doubt anyone buying a RV is making good money. I doubt anyone making good money is asking how, “How I buy car?” Reddit sucks nowadays.
GreenEggplant16@reddit
Search Ed Bolian online. He has videos talking about what it’s like to buy, finance, and own a supercar
Rough_Cancel7265@reddit
Call some dealers, explain your situation and see what they say. You're putting down 30% on a car with good income, I'm sure someone is willing to take a shot on that
Throatbruiser759@reddit (OP)
That’s the plan for tomorrow
Throatbruiser759@reddit (OP)
The only issue I’m worried about is getting my credit ran a time or 2 and it taking hits then I can’t get approved when I might have otherwise when I do find somewhere
Rough_Cancel7265@reddit
So don't run a credit application. Exotic dealers aren't strangers to weird financial situations. If you don't feel confident with them approving you find someone that makes you feel that way
Throatbruiser759@reddit (OP)
Okay perfect thank you
Similar_Garden6299@reddit
Kimmy. Do you have butt implants?
Similar_Garden6299@reddit
You want exotic? You're gonna have to go to a strip club.