Why vloggers buy so many cars (Financial Breakdown)

Share
HTML-code

Comments • 3 554

  • Austin Matthews
    Austin Matthews  5 hours back

    Save 25 minutes and read this. Pay taxes or (invest in your business) buy vehicles. It’s business. And a tax game with the IRS.

    • Malloy Stale
      Malloy Stale  7 hours back

      You factor selling the cars to rationalize a profit, but then explain how you have so much into them it would actually be a loss...have you sold any of them at all? How do you make money when you arent selling them as you explained in the beginning?

      • GoNZO
        GoNZO  11 hours back

        I learned how stupid it is to buy a car at a young age, I bought a 2002 M5 Brand new when i picked it up from the dealership it had 3 miles on it. I went to swing past my business partners house to take him for a spin and he said when we get into the office on monday im gonna make you mad. So on monday morning he comes into my office pulls up Kelly Blue Book on my PC and proceeds to show me that i lost 7K just by driving the car off the lot,i only put 98 miles on the car over the weekend so the milage was 101 and the car was worth 7K less than i paid. Cars are the biggest depreciating asset you could ever waste money on.

        • 3 Pound Crappie Fishing
          3 Pound Crappie Fishing  12 hours back

          CHeck out 3 Pound Fishing. If you like Crappie!

          • life roller
            life roller  13 hours back

            Officer friendly

            • Frank Sullivan
              Frank Sullivan  16 hours back

              I'm a YouTube red member. Does that mean you don't make any money when I watch since I have no ads?

              • David Smith
                David Smith  16 hours back

                Adam - when you're sitting down and are stationary with respect to the camera, turn off its auto-focus. Go back and look at around 22:00 the autofocus is hunting between your face and the Michelin stamp on the left-front of the GT3 RS. Set the focus, check it, and turn off auto-focus for stationary shots. Otherwise our visual interest is stolen.

                • fally yerr
                  fally yerr  16 hours back

                  Really interesting breakdown. I think you may not have to pay any taxes though on your endeavor. Im not sure how your relationship with youtube works. But if they basically subcontract with you then I think it creates an interesting situation. Because making these videos is your business then you should be able to write off all your expenses for said video or "series". You purchased the car for $57,000, but it only generated you $48,000. This is a net loss of $9,000 plus what ever other production costs you may have. Then, when you file for taxes you should technically have a net loss of $9k. When you sell a car for less than you purchased it for, you dont owe any taxes, only the buyer does(this is another issue i wont get into lol). So, I dont think you owe any taxes in this one instance. Obviously you need to do this on a larger scale with all your videos and figure your costs vs revenue in total. But dont pay more taxes than you need to! Id be interested to hear back from anyone that may know better than me lol, im not a CPA.

                  • van Uden autosport
                    van Uden autosport  17 hours back

                    Thanks adam! This is inspiring me! Im gonna work harder to get monetized! Thaanks!

                    • Meat Ball
                      Meat Ball  17 hours back

                      Wait a second. You are making at least 9,000 (this far) off this video talking about the mustang. Add that to the list. Lol plus now new viewers will go watch more videos because of this video about the mustang and give you more views on other cars. Plus all the mustang videos got you views of other videos. It’s never ending-keeps going and going . Lol And your slick , during this video you talked about other cars and content so people will go watch those. Oh and you talked about the future of the channel so to keep views coming from this basically mustang profit video. And that’s why you’re doing so well . It’s impossible to figure out the chain reaction revenue from any of these videos or cars. Keep up it bro

                      • bulcub
                        bulcub  18 hours back

                        Booooooooooooorrrrrrrrrrrrrrring!!

                        • Ryan rkj
                          Ryan rkj  18 hours back

                          Was this a commercial for the Michelins on that Porche? That's where my eye kept landing.

                          • Ryan Vauls
                            Ryan Vauls  18 hours back

                            Never worry about a ls and get a hayabusa v8 into something cool!

                            • We Travel
                              We Travel  19 hours back

                              Still got the inbred mustache

                              • Lue Luc
                                Lue Luc  19 hours back

                                Thanks for breakdown.

                                • johngcostello
                                  johngcostello  19 hours back

                                  Nice honesty on the biz side

                                  • Tidwell
                                    Tidwell  20 hours back

                                    It's a business write off so you pay less taxes obvi

                                    • Dave Larose
                                      Dave Larose  22 hours back

                                      I can’t stop looking at the stache

                                      • IdealSound & Performance

                                        So at this point in time you've already made like 3k off this video.. Damn!

                                        • SketchyDJM
                                          SketchyDJM  1 days back

                                          Great to know. I have wondered this for a while. Thanks for the info.

                                          • Itz Stolen
                                            Itz Stolen  1 days back

                                            “Rotary Car”

                                            I like you more and more every video Mr Lzed

                                            • Bobby Dazzla
                                              Bobby Dazzla  1 days back

                                              Thanks man, I wasn’t sure of the exact breakdown, I assumed probably 90% correct but I appreciate you taking the time and effort to explain this from someone that actually lives it. From the outside it looks like the ultimate lifestyle when in reality it’s actually better! LOL. I would assume it’s not all sunshine and rainbows but still a pretty extraordinary opportunity. Well done, I love the channel, always entertaining and engaging. Cheers mate✌🏻

                                              • Ek Seng Ng
                                                Ek Seng Ng  1 days back

                                                Try to buy 1 car in singapore.

                                                • Tint Time
                                                  Tint Time  1 days back

                                                  Who the fak is this mustached ding dong and how tf he got over 2million subs?

                                                  • class327
                                                    class327  1 days back

                                                    Cmon adam get rid of that pedo stash ,get a beard

                                                    • qxANGELxp
                                                      qxANGELxp  1 days back

                                                      So that's how Tyler Durden stole 60 Elanors from Need For Speed: The Canonball Run.
                                                      He wanted to make YouTube money.

                                                      • Jordy Clements
                                                        Jordy Clements  1 days back

                                                        Somewhere Manny Khoshbin is buying his 4th Bugatti and nodding slowly... now explain that guy's math to me, I'll wait haha

                                                        • Braden Carlson
                                                          Braden Carlson  2 days back

                                                          "As low as $5"

                                                          I'm getting screwed lol

                                                          • Mason Hair
                                                            Mason Hair  2 days back

                                                            Thank you for explaining this in such the way you have. You've put a lot of sense into you You Tubers buy lots of cars. very simply put, you have lots of equity. I guess this also means that just in case your channel were to flop for whatever reason you'd still be fine because you kinda have a whole bunch of money laying around in your garage.

                                                            • A Danesi
                                                              A Danesi  2 days back

                                                              I'm waiting for the "Masters Series" to be pitched lol

                                                              • Bjarki K
                                                                Bjarki K  2 days back

                                                                Thank you for the honesty

                                                                • Chrisarias Lawry
                                                                  Chrisarias Lawry  2 days back

                                                                  In your reasons for people clicking on videos along with baby being born and buying a new car you forgot to include why vloggers buy so many cars. 😂🍻👌

                                                                  • Uno Nisu
                                                                    Uno Nisu  2 days back

                                                                    cool honest video, personally would like to see vw r32 in your'e garage!

                                                                    • BRUCKSTER
                                                                      BRUCKSTER  2 days back

                                                                      Also.. Couldn't you buy those cars without taxes?? Cause is for your "Job"

                                                                      • Andrew Bergquist
                                                                        Andrew Bergquist  2 days back

                                                                        Speaking of making good financial choices, you should consider buying the new RS6 Avant. That thing will pay for itself in content. I'd do it and vlog if I could afford it!

                                                                        • JG TV
                                                                          JG TV  2 days back

                                                                          Seen through glass has 2 cars and does amazing content not just with his own cars. @seenthroughglass

                                                                          • Jizzy G
                                                                            Jizzy G  2 days back

                                                                            why YouTubers buy so many cars?
                                                                            Because they can.

                                                                            • Hiroshi13
                                                                              Hiroshi13  2 days back

                                                                              Cool vid 😎 with good life and YouTube lessons here. Happy for you and happy for me because I have Premium so I don't deal with ads.

                                                                              • T Mac
                                                                                T Mac  2 days back

                                                                                Well said as always Adam!

                                                                                • Marcus Schneider
                                                                                  Marcus Schneider  2 days back

                                                                                  that is very understandable mate, great video and explain your self.

                                                                                  • atawoo2
                                                                                    atawoo2  2 days back

                                                                                    Its great that he can subsidize his cars with YouTube... but not really fair to call profit.

                                                                                    • Carlos Martinez
                                                                                      Carlos Martinez  2 days back

                                                                                      Everything makes sense now! Thanks for explaining all these "formulas".

                                                                                      • 3toedSloth75
                                                                                        3toedSloth75  2 days back

                                                                                        Loving that FC RX-7 behind you in the intro

                                                                                        • Shredaholics
                                                                                          Shredaholics  2 days back

                                                                                          That was some very useful info. Thank you for sharing

                                                                                          • Mitchell Houser
                                                                                            Mitchell Houser  2 days back

                                                                                            You didnt need to make a video on this format but I really appreciate that you did. Great info, and great ethical approach. Carry on.

                                                                                            • Blaine Bolze
                                                                                              Blaine Bolze  2 days back

                                                                                              Ferrari 360 Modena V8 build?

                                                                                              • John Wagner
                                                                                                John Wagner  2 days back

                                                                                                I need to know HOW a 24 year old can AFFORD to buy all of those cars!! How did you earn the money? Don’t say YouTube

                                                                                                • Joe Shannon
                                                                                                  Joe Shannon  20 hours back

                                                                                                  The answer is literally youtube???

                                                                                              • Hayleboi
                                                                                                Hayleboi  2 days back

                                                                                                Thanks for being open and honest and giving us some insight....and I would drive one rather than let it sit too :)...BTW....I also watched all the ads for this video! Just doing my part to make the world a better place :)