Comments by "Adam Hayden" (@adamhayden5152) on "5 Car Enthusiast Money Traps!" video.

  1. I just bought a newer car and I left it alone till my warranty ran out. Now I’m sinking tons of money into it to make more power!!
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  2. Most super cars appreciate in value. It’s a pretty safe bet that you can own one and drive it for a year or two and sell it for more money.
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  3. I wanted a house so badly, but now I’m wondering if that’s not falling into a trap. Renting is cheaper plus maintaining the house and putting new roof on or replacing a furnace. It’s expensive. So I wonder if buying a house is actually the right idea maybe vs just owning some bare land and renting an apt. I rent now and I pay $350 a month. I’m in SE MN. If I wanted to buy a house right now that would wipe out my savings for down payment and then I’d be paying like $1000 a month for a mortgage. Yes I can afford that but do I really want to? I could stay where I’m at and just buy more cars! I already own 4 Cadillacs, let’s make it 8!!
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  4. The difference is sprung vs unsprung weight. It makes more of a difference to remove 5 lbs per wheel then it does taking 20lbs a of weight out of the car. Plus the gas savings can pay for the wheels eventually. I did that with my Cadillac deville. I took the heavy stock chrome plated 16 inch wheels off and put some much lighter 17’s on it. My car went from 25-27mpg hwy to 30-34 mpg hwy. I went from get 400 miles out of a tank to 600. So they paid for themselves. I ended up swapping those light wheels for some heavier 18’s and now I’m back down to about 25-27mpg hwy. lighter wheels help with mpg, acceleration, braking and handling. Any unsprung weight you can take off is good!!
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  5. Cosmetic stuff doesn’t void your warranty and they can’t void you for that. There are usually certain terms for a warranty and as long as you stay within those boundaries you are free to do as you like to your car.
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