The scary topic of how much I paid in taxes and my Insurance on my Lamborghini Huracan, which I bought at 18 years old… Instagram: @BOWLES Get A Custom Built Shopify Store PRE-LOADED With WINNING Products: https://www.ecommseason.com/store Source Products Faster, Easier & Cheaper with the Silk Road: https://silkroad.tapptrk.com/3WBZ8F/2CTPL/ ?SUBSCRIBE To The Channel ► http://bit.ly/2n37hkL
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—– EcommSeason YouTube Channel: http://bit.ly/ecommseasonyoutube ___________________________________________________________________________ How Much I Paid In Taxes On My Lamborghini At 18 Today I share with you exactly how much I paid in taxes when I bought my first super car, a Lamborghini Huracan, when I was 18 years old. What might come as a surprise to most people, is that I paid $0 in taxes on the car. I did this on my Lamborghini, and the next 4 cars I purchased after. A lot of people don't know how to legally avoid sales tax on a car, but it's actually super simple! You are looking for whats known as a Private Sale. By doing this, you are able to sell a vehicle from one person, directly to the next, thus avoiding sales tax by doing so. Now if you were to buy a car from a dealership, the hardest part is going to be getting the dealer to agree to privately sell you the vehicle. However you cannot do this as an individual person. You either need to be another dealer, or a company. So you just need to open an LLC or some sort of legal entity, and have the company buy the vehicle. It sounds complicated, but it's really not Now since I was 18 when I bought the vehicle, getting insurance wasn't only expensive, but also a little bit of a challenge in itself. But you should be able to find insurance no problem. at first, I was paying about $2,500 a month for insurance on my Lamborghini, but I have since been able to bring that down to about $700-$750 per month, which is a huge difference. Drop a LIKE if you enjoyed the video!
___________________________________________________________________________ *Disclaimer* I am not in any way a certified financial advisor, nor do I pretend to be one. Any information or advice I give you on any social media platform is simply my opinion based my own own experience and research. There is no guarantee on anything due to the fact that there are many variables that play a factor in your success. Do your own research, do the work and take everything as an opinion.
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