Have you ever dreamt of owning and driving a luxury car? You may be in the market for your luxury dream car right now – maybe a nice Mercedes, BMW or Range Rover. But are you trying to figure out how to afford it?
Maybe you can scrap together the cash to cover the repayments, but will you be able to actually get finance? Can you then afford the insurance?
And once you’ve driven your dream car (which has left your wallet far more empty than you expected), you realise how much you have lost in depreciation!
What if there was a better way? What if you could own your dream car and have it cost you much less than you expected?
There seems to be this deep set belief that if you want to own a luxury car then you need to expect to lose a bundle of cash. Everyone know that the moment you drive your new luxury car off the car lot it losing 20-30% in depreciation – and that trend continues year on year!
We kid ourselves and say, “it’s ok, I can use it as a tax write-off”. But it’s still a loss and it’s still real money out of your pocket.
Imagine if there was a different way. Imagine if you can own that luxury car you’ve been looking at for significantly less than you thought. Suddenly that dream car can become a reality.
Not only that, but how you look at luxury and exotic cars will completely change. You could now even afford to get a second one – that special car your wife or partner has been dreaming about!
That’s where Luxury Car Hacks comes in!
What Is Luxury Car Hacks?
Luxury Car Hacks is a training course and membership that teaches you how to save significant money buying your dream luxury car. It comes from the same mastermind behind Exotic Car Hacks, Pejmen Ghadimi.
For years Pejman has been teaching people how to own Exotic Cars without losing money. Ultimately to get in and out of their cars for less than what they’d pay for a Honda Accord.
Pejmen Ghadimi teaches regular people how to buy their dream car for up to 80% of MSRP without being overly wealthy and without needing something like a dealers licence.
Through personal experience, Pejman originally created Exotic Car Hacks to be the largest and most comprehensive platform to buy your first or next exotic car. Now he is adding to it by teaching you how to own your dream luxury car with significant savings.
So using similar techniques to Exotic Car Hacks, Pejmen teaches you how to be financially savvy with your money and buying the right cars, the right way, so you don’t lose money.
Luxury Car Hacks teaches you how to look at cars as assets, rather than liabilities. You learn things like;
- How to own Luxury cars with payments as low as $200 per month.
- How to lower your cost of ownership by over 80% off.
- How to Stop Losing money leasing or buying new cars.
Check out this video for more info…
Who Is Pejman Ghadimi?
Pejman Ghadimi is a self-made entrepreneur who is an Amazon best selling author of books like Third Circle Theory and Radius. He has been successful focusing on alternative asset investment, including cars and watches for a number of years.
His style is ‘interesting’ and maybe a little rough-around-the-edges for some people. It is easy to see how some people may dismiss him as ’slick’, and therefore trying to scam you. But I guess that has come from the confidence that he knows what works first hand – and has made a huge success from it.
He was a refugee from Iran, and grew up in Paris with his single mother, moving to the US at the age of 12. This harsh start to life in the early years, and coming from a poor background, built both a strong work ethic and fire up an entrepreneurial spirit.
After watching him for a while you realise that he definitely knows what he is talking about. But he doesn’t appear to care much if want to listen or not. He clearly makes very good money from what he does, so it’s totally up to you if you want to follow what he teaches or not.
One of his key teachings is that money is a tool to leverage. He believe there are ways to use money as leverage, without actually spending it.
This philosophy really is the core of the Exotic Car Hacks. Instead of spending your money on buying your dream car, use the money as leverage to ‘own’ the car for a period without losing cash and depreciation on it.
Is Luxury Car Hacks a Scam?
No, it’s not a scam. Unfortunately, whenever there is a slightly different point of view offered everyone calls it “a scam!”. This usually comes from the very industry that is benefiting from the current status quo – which is sort of a scam in itself, but that is a different story!
While the internet has opened paths for scammers to rip people off, it is also a really easy way to warn others. So if Luxury Car Hacks, or Pejman Ghadimi were offering anything inappropriate it would be easily exposed. And it simply isn’t.
After having been around for a number of years I couldn’t find any evidence of people complaining about the course. In fact I found the opposite – a large number of recommendations and success stories.
How Does It Work?
One of the biggest things to understand with exotic cars is that their depreciation curve is different from normal cars. A “normal” car, like a Honda Civic or Toyota Camry will start off at market value and depreciate all the way down to zero.
If you buy a brand new Honda Civic for $20,000, you will lose a nice chunk of change the minute you drive off the lot. It will continue to depreciate over the years because millions of Honda Civics are produced and when demand is for newer cars, the price of the older cars plummets.
But when it comes to luxury and exotic cars, their depreciation curve is a little different. They still depreciate, but they may not depreciate all the way to zero. They tend to have “flat spots” where the depreciation becomes minimal.
So there is a ’sweet spot’ where you can buy into, own and sell a luxury car with very little depreciation. Now there is more to the strategy, and many more tricks and hacks to learn, but that’s all in the course.
What Training is Provided With Luxury Car Hacks?
So what is included in the training when you become a member of Luxury Car Hacks?
- The training covers buying the right car, negotiation, how much you should pay, how to protect yourself and your purchase, and more.
- How to leverage the banks money so you don’t need to put down huge amounts of cash.
- Save big dollars by using tricks to avoid going to the dealership to make your ownership cost very affordable.
- Learn the selling aspects to getting maximum visibility to get the highest dollar possible so you can drive an exotic for as little possible.
This is probably one of the more valuable sections of the training. It’s where Pejman gets into the nitty gritty about car hacks he has done – and there are quite a few. This isn’t just some theoretical training – it is created of real world learnings and examples.
So you get to see first hand what he did, how he made it work, and how you can replicate similar results.
You not only get access to all the previous case studies to learn from, but Pejman is actively buying and selling cars all the time. So there are updates being provided regularly. You then get to see what is working now.
- Pejman shares with you case studies of his very own personal cars including new, old, exotic, trucks, and everything in between.
- The true cost of ownership (down to the penny) with each car including maintenance, repairs, tax, modifications and more.
- Learn the good and bad of each car during ownership including unforeseen costs like accidents.
- Buying shortcuts for exact hacks so you know exactly what to look for if you want to replicate the deal.
Another strength of what is taught, is access to buyers guides, which are available for most exotic and luxury cars on the market. These guides are a great resource to help you pick the right cars for ‘hacking’. This includes the years and models, as well as the accessories that are best to target.
- Pejman provides you a list of the best cars to hack which includes a comprehensive buyer’s guide for each car.
- Covered are the best years to buy, and which years to avoid that are more problematic.
- Understand the true cost of ownership of exotics with our maintenance cost breakdown per car.
- Get final recommendation on best car, option, colors, and price to pay for.
Private Members Only
Mastermind Group Included in membership of the course is access to a private members group.
- Connect and network with other Luxury Car Hacks members in the private Facebook group.
- Ask specific questions you may have and get help from Pejman and other members.
- Get feedback and opinions on any car you’re looking at so you know if you’re getting a good deal or not.
- Meet other exotic car enthusiasts local to you so you can go on drives together.
Given that Pejman does his own exotic car hacking regularly he has built up a list of resources, which he shares we you. This includes different dealers, insurance companies, transportation companies and finance companies. These are all companies he has dealt with personally and has had a good experience.
He also provides a list of any companies where things haven’t gone so well, and the ones to avoid.
- See which insurance providers are ‘exotic car friendly’ so you don’t waste time.
- Get the best rates when financing with recommended banks and credit unions, even if you have bad credit.
- Find the right independent mechanic and save big dollars with a community driven list of trusted mechanics.
- Avoid working with known crooks and shady salesmen through a list of blacklisted dealers.
However, it’s worth noting that these resources are mostly US based.
Who Luxury Car Hacks For?
The truth is that Pejman’s original course Exotic Car Hacks is not for everybody. Not everyone has the dream to own a Lamborghini or McLaren.
If you want to buy an Exotic car, you will need to have the income to support the monthly payments and be willing to not drive it every day into work.
But with this new course focusing more on luxury cars, Pejman has opened the strategy and techniques for more people to leverage and enjoy. I think we all hope to at least own a luxury car at some stage, and now you can sooner and for much less money.
This also requires a bit of effort (nothing is for free!). But considering the money that can be saved it is well worth it.
Luxury Car Hacks Summary
I think the Luxury Car Hacks course is great value for anyone who was already in the market to buy their dream luxury car. Using what it taught in the course you can now save yourself considerable money, and get into your dream car sooner.
The course is not a magic bullet to overcome the fact you don’t have the money, or the cash to cover reasonable payments. It’s also not a course on how to trade luxury cars for a profit.
So if getting into your dream sooner, without dropping a ton of cash in the process, then Luxury Car Hacks is defiantly worth checking out!