Man shares the breakdown of how he paid for his Lamborghini Revuelto to be transparent about it

This man explained how he paid for his Lamborghini Revuelto in an effort to be transparent.

Yianni, the host of YouTube channel Yiannimize, spoke to Jordan from finance company RJ Stamford about how he paid for his particular supercar.

Ultimately, he hoped his advice could help his two million subscribers to understand how complex getting a supercar can be.

So, what was his secret for owning ultra-expensive cars?

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How did he buy his Lamborghini Revuelto?

When it comes to buying supercars, it’s clear that they’re a pricey investment.

Whether it’s a Rolls-Royce, a Porsche, or a Maserati, they do not come cheap.

Which gave Yianni all the more reason to share some of the tips and tricks he uses when buying supercars – although every case is different.

So, be aware that they may not work for everyone.

The first thing Yianni addressed in his video was the fact that he bought the car ‘on finance’.

This means that he borrowed money from a lender in order to but the Lambo and then paid the loan back in instalments.

This differs from buying the car outright for the full price.

“There’s no point in me tying up [all that cash] in a car.

“I would rather put down a deposit, pay a monthly payment, and then pay a balloon payment or sell the car before the end of the term,” he said.

Yianni ended up paying a couple of hundred thousand bucks for the deposit. Which left a balance of over half a mill.

The payments don’t end there, though. There’s still the monthly fee, plus a balloon payment at the end of his specific two-year agreement.

A balloon payment is what the car is deemed to be worth after you’ve had it for two years, and isn’t related to your monthly payments in any fashion.

“Very rarely do I keep my cars for two years, I usually stick with them for a year,” Yianni explained. Which makes his balloon payment even higher.

As it’s a Lambo, you can guess how much it’ll be worth in 12 months, and it’s likely well into 6 figures.

So, how much would the monthly payment be?

That’ll be over $5K. Every month. This is starting to feel like a mortgage.

Yianni’s financial advice and cautionary tips

The presenter’s particular Lambo was bought as a company car, owing to the fact it was being used on Yianni’s YouTube channel.

Jordan explained the upsides – and downsides – to buying a car in your own name versus in a company’s name.

“[The] majority of the public will be buying in their personal name which means it’ll be under a regulated contract,” he said.

This essentially meant there were more consumer rights if somebody wanted to leave their contract early.

Buying under a business name, though, would forfeit some of the consumer rights, so you wouldn’t have as much protection under the law.

So, as with any big-ticket item, the main bulk of advice comes down to this: Can you afford it?

Would paying out $5k every months be in the realm of possibility for you?

If the answer is no, then you may need to rethink purchasing that supercar.

To see Yianni’s full breakdown of the Lamborghini Revuelto for yourself, head over to Yiannimize’s YouTube channel.

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