YouTuber with huge supercar collection reveals how rich you need to be to buy an exotic car saying it’s ‘easier than you think’

Owning a supercar collection might sound like a dream, but it’s easier than you think – if you play your financial cards right.

A YouTuber named Ed Bolian, famous for his massive supercar collection shared some surprising tips about how much money you really need to buy an exotic car.

Spoiler alert: it’s doable even if you’re not a millionaire.

His advice shows that careful planning can make the dream of owning an exotic supercar a reality.

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YouTuber reveals how you can make your own supercar collection

In a video posted on YouTube by VINwiki, he breaks down the numbers.

First, banks usually won’t finance a car that costs more than 80 percent of your annual income.

So, if you’re making $100,000 a year, forget about financing that $500,000 supercar.

Also, keep your debt-related expenses under 50 percent of your gross monthly income.

These rules help keep your finances stable even while owning an exotic ride, he said.

Ed Bolian often shares some pretty good tips and tricks on his channel.

Earlier, he shared with us how Americans can still get their hands on the greatest car ever despite being banned in the country.

He then advised not to spend more than 10 percent of your net worth on all your cars combined.

But he admitted that if just like him, your career depends on cars, it’s okay to stretch the rules a little.

However, be smart about depreciation by avoiding cars that lose more than 10 percent of your annual income in value each year.

Older exotic cars – maybe something like this vintage Mercedes sat in storage for 30 years – tend to hold their value better, making them a safer option financially.

He also warned us about hidden costs

Ed reminded us to be vigilant about hidden costs too.

Maintenance and repair bills for supercars can get crazy.

If owning one means sacrificing your long-term financial health, it’s probably not the right time. Instead, save up and wait until the numbers make sense.

With proper planning and patience, owning a supercar might not be as out of reach as you think.