Can You Really Drive a Ferrari Without Losing Money?
Exotic Car Hacks
Exotic Car Hacks is really a different way of viewing luxury assets. While you might not make a lot of money from car hacking, you could drive your dream car for less than owning a Honda Civic.
Very useful if you live in the United States, not enough resources for outside of US.
Tons of value not only in training, but in the buyers guides and case studies as well.
Ease Of Use
Members area is a bit confusing and not pretty, but functional.
With the Facebook group and Pejman’s constant posts, support is excellent.
What I liked
What I didn't like
When I first heard about Exotic Car Hacks it was way back in 2016 when I first started in online marketing. I came across Pejman Ghadimi’s Youtube channel and was intrigued by what his videos.
He is very charismatic and a little rough around the edges, which is what I found appealing. In the one particular video I watched he was talking about how to negotiate with a dealer to get the best price.
I came across the video because I was looking to buy a Mazda CX-5. He was talking about buying a Lamborghini…
I clicked on his website, went onto the landing page – but didn’t pull the trigger because the course was $97 at the time and everything looked too good to be true, so I wrote it off as just a scam.
(He also seemed to get a little unhinged with the trolls at the beginning of the video lol)
So I didn’t buy the course, and went ahead a bought a used Mazda CX-5 that was already in an accident and had some minor body damage. I bought the car because I thought I got a good price and really wanted to get rid of my older car while it was still worth something.
Almost 4 years later, I still own the same car except now its worth much, much less than what I originally paid for it and looking back after going through Exotic Car Hacks (ECH) I realize that I could have owned something MUCH nicer and not have lost as much money.
So in this Exotic Car Hacks review I will be going over exactly what you can expect to get with ECH and who it is for and who it isn’t for.
What Is Exotic Car Hacks?
Exotic Car Hacks is a course by Pejman Ghadimi that is designed to help you get educated on how to buy an exotic car at the best price possible and then resell it a year or two later for a similar price.
Going through some of the marketing material and Youtube videos I see that it sometimes seems like Exotic Car Hacks is a way to make money off of Exotic cars.
However, after going through the course it is apparent that it is not realistic to really make much money off of Exotic Car Hacking. This might be a bit disappointing if that is what you are expecting to learn.
But it really shouldn’t be.
The whole point of the course is not about making money buying and driving exotic cars, but it’s about owning an exotic car for a short amount of time without losing money on it.
So instead of thinking of a car as a money pit, you learn that owning an exotic car is more like having a bank account.
This is a huge mind shift for most people, and one that I found to be a very valuable insight.
Who is Pejman Ghadimi
Pejman Ghadimi is the man behind Exotic Car Hacks. If you are like me, you probably know him for the ECH Youtube channel.
He is also an author of The Third Circle Theory which is a popular book on entrepreneurship that has sold over 300,000 copies since 2013! I used to publish on Kindle, and that is a huge accomplishment for someone who is self published author and keeps most of the profits.
Pejman also runs several successful businesses such as VIP Motoring, Secret Entourage, and Watch Trading Academy.
Is a Pejman Ghadini Scam or Legit?
Now I know, if you look at Pejman Ghadini and you have been in the online marketing space for a minute – he screams SCAM! The Donald Trump colours, the exotic cars in the background, it’s just raises a lot of red flags.
Yes I know successful people wear nice suits and drive nice cars, but in the online world a lot of scammers dress like successful people so that they can appear to be something that they are not.
One thing I look for before I buy a new course, is to see if the course creator is legit or not. One of the ways I do that is of course going through their Youtube videos and seeing if any other Youtuber has called them out as being a scam.
All of my checks of him passed, but I wanted to get to know him a little better so I listened to a bunch of interviews with him to see if he was full of shit or not.
From all the interviews I listened to, particularly the one with Mike Dillard where he really went into explaining Exotic Car Hacking I came away with the impression the Pejman definitely knew what he was talking about and was not talking out of his ass.
Is Exotic Car Hacks a Scam?
Ok so Pejman Ghadini passed the sniff test, but there are guys that can come across as being legit but then sell you a bunch of horse shit.
So is Exotic Car Hacks a scam? Well the reason why I initially even looked at the course again was because it was recommended to me by my friend Greg Jeffries.
After going through Pejman’s Youtube channel and listening to his Podcasts I decided to join his Webinar and take the plunge and purchased the course.
I went through all of the videos in less than a day and after watching everything, going through the different buyers guides and checking out the Facebook ground I can say that Exotic Car Hacks is NOT a scam.
What Do You Get Inside?
Exotic Car Hacks has a few different components inside the members area which I will be going over more in-depth.
I was not very impressed with the overall layout of the members area, I was expecting it to be a bit more polished given that this is a course about luxury items. But you can still figure your way around.
Exotic Car Hacks Training
First part of the member section is the Exotic Car Hacks training area, which is the main component of the course.
The entire training course took only about 4-5 hours to get through start to finish. I was a little disappointed initially with this section because I was expecting a bit more in-depth videos at first but then I realized that there was more training areas to go through.
Although not technically a part of the members area, you do need a membership in order to get accepted to the ECH Facebook group.
In it, you will immediately see that it is a very active group filled with questions and success stories.
This is the area where Pejman recommends different dealers, insurance companies, transportation companies and finance companies he has dealt with in the past and has had a positive experience with.
He also as a blacklist of different dealers who are dishonest or untrustworthy.
Being in Canada, I wished was that there were more resources for students that are outside of the US.
Pejman has a whole ton of buyers guides available for most exotic cars on the market. These guides are a great resource as they tell you what cars are good for car hacking, what years to look out for and what specifications they should have.
Simply put, you might think that getting a base model version of a luxury car might be the way to go, but it can actually hurt you later on because there is not enough demand out there.
The case studies in Exotic Car Hacks is an interesting section where Pejman details the different car hacks he has personally done and gets into the nitty gritty details so you understand his mindset.
Pejman has done over 100 car hacks, and he puts out case studies every 2-3 months – but you have access to all of his previous case studies so there are lots of articles to browse through.
Who Can Benefit From Exotic Car Hacking?
The truth of car hacking is that not everybody will be able to do it. So to help you figure out if this course is for you, I will list out who could actually use this course vs who this course is not meant for.
Exotic Car Hacks Is For You If…
- You have a good credit score
- You love cars
- You can afford a $300 US monthly payment (minimum)
- You make more than $50,000 / year
- You live in the US
- You understand that the goal isn’t to make money, but preserve money
Exotic Car Hacks Isn’t For You If…
- Your looking at car hacking as a reliable way make to money
- You think you can buy a $100,000 car with a $30,000 income
- You commute a lot, and only want to use one car
- Your looking for passive income, car hacking involves work
If you want to get he most of the course, make sure you understand what is realistic and what isn’t realistic. If you want to buy a luxury car, you will need to have the income to support the monthly payments and be willing to not drive it every day into work.
Exotic Car Hacking is about buying the right car at the very best price and then holding onto it for 6 months to 1 year and not losing much money in depreciation.
Overall I think Exotic Car Hacks is a great course for those that want to preserve their wealth in an awesome way.
What would you rather do, have $100,000 sitting in a bank collecting .5% a year or putting $10,000 in an $100,000 exotic car and paying $1000 a month and getting that $100,000 back?
After going through the course, I know that with work that those types of deals are possible but they require patience and work.
So if driving around in expensive cars without spending a ton of money sounds like something you would be interested in, I recommend checking out ECH and hack your next car!