Should I Sell This All Time Classic Car? š¤

Rob Moore shows off his Guards Red Porsche 911 turbo and considers selling it since he drives it only 200 miles a year. He bought it with profits from his rental portfolio, following his rule to fund depreciating assets from business income, not after-tax cash. He outlines how he finances cars through his company to optimize taxes.
Chapters
So I want your help. Should I sell this all-time classic car? Can anyone guess in the comments the age and model number of this all-time classic? I actually have my friend coming over tomorrow who owns probably the biggest supercar dealership in the UK, and he's picking this up, and I'm thinking about selling it. So I thought I'd show you it. And you could give me your thoughts. So anyone know in the comments the age and the model number of this car? For fun, I'll give youā I'm going to give away some silver coins if anyone can get it spot on before I say it. Well, I've given you a bit of a clue because you can see that. Um, so yeah, age, model number, and Porsche doesn't count. So yeah, I'm, um, I'm seriously considering selling this tomorrow. Um, it was one of my twoā no, I have three all-time dream classic cars. Um, are you into classic cars? Um, let me know your all-time favorite classic car if you are into classic cars. So for me, my three were Ferrari F40, Ferrari Testarossa, and Whale Tail Bad Boys Porsche 911. And so I have 2 of the 3, so I suppose I'm lucky, or maybe I created my own luck. After all, this was bought from the profit of a rental property. Now, by the way, that rental property was pretty big. Still own it, 100 apartments. But theā this car was bought from the profits of a rental property. I try my best to not use tax-paid cash to buy material items, try to use income and profit from assets. Obviously, some things you buy you need. You don't need a classic Porsche 911 Turbo, do you? Um, so I just want to know in the comments, do you think I should sell this? It's not 1976, no, it's a bit older than that. It's not quite as old as me. I'm actually taking it back tomorrow. Well, tomorrow the guy who sold me this car is taking it, um, because I'm doing some filming with him, and I am considering selling it. The reason I'm considering selling it is because, um, I have 7, I thinkā well, yeah, 6 that I drive, um, supercars. I don't have a garage that can fit them all in. I don't drive them all, use them all. I kind of did buy this for the long term because it's my dream car, but I don't know if you've ever got to the point in your life where you've achieved a dream and then you're like, okay, right, great. And I remember hearing someone say it's not buying the material items that's fun, it's the chasing them and the getting them. And I can really relate to that. Because this car was really about me becoming an entrepreneur, self-reliant, financially free, you know, successful enough financially to be able to afford it and manifest the dreams I had as a kid. That was really what buying this car was about. I mean, it is a beautiful car. I mean, like, Guards Red, Fuchs alloys, the turbo whale tail. I mean, is there a better classic car than this? I mean, come on. You're gonna have to fight to find a better car. However, it is old. No one's guessed the age and the model number yet, uh, and I don't drive it much. I've probably driven it a couple of hundred miles since I've had it, and it seems like a bit of a waste. So I am thinking about selling it, and my wife's been like, sell the thing, you've got too many cars, you can't drive them all, get rid of it, sell it. Um, let me know if you want to have a look on the inside, by the way. Uh, so look, we look at the exhaust, sexy. The spoiler, sexy. Even the way turbo is written is sexy. The curves are sexy. So let me know in the comments what your all-time favorite classic is. This was in my top 3 all-time favorite classics. I think a lot of it depends on your age. So I remember watching Bad Boys with Will Smith and I just drooled over the Porsche 911 in it, and I'm lucky enoughā well, I say lucky enough, I made profits from a property that I still own, and I bought this. And now I don't use it, and it sits in the garage. It's done 200 miles. I've driven it 200 miles, not even. So I'm thinking about selling it. So let me know in the comments, should I sell it? Um, let me know if you know what model number and age it is. If you can get that spot on, I'll give you a clue: it's younger than me. I'm 45. And the note on buying it from profits, not tax-paid money, is really important because I think some people think I'm quite materialistic. People who know me, I doā I mean, I haveā I actually at one point had a share in 14 cars. Some of them were from our lettings business, some of them were supercars. And now I'm pretty sure it's 7. It moves. And if I'd have bought them all after tax, they would have cost me twice as much. And I wouldn't have been able to run the depreciation, the running costs, etc., through a specific type of business structure. So I kind of have a rule when it comesā I'm going to get inside in a minute, by the way. I kind of have a rule when it comes to buying either depreciating liabilities or even things like cars and, you know, going on holidays and things like that, is they have to be paid by profits from business or passive income from assets. So I made a lump of money on an apartment block and bought this car with it. And then there's other cars that I bought that cash, by the way. I own this outright in cash before anyone says, oh, you probably just rented it for a day. Yeah, I own this thing cash. Um, but what I'll often do with cars, say for example my Aston Martin DBS, is I will, um, getā I'll put a deposit down on it, I'll get the rest on finance through my company and then I'm able to run it through an LLP structure. Now you need to get proper accountant's advice on this because it can be done for some and it can't be done for all, and you have to do it the right way. But what I'm able to do is use profits from property and business to own the car, to pay for the depreciation if there is anyā hopefully there's notā the running costs, the maintenance, the servicing, and all of that. I mean, it makes it very tax efficient, and it essentially makes the car cost sometimes less than half, because I kind of have this rule: if you buy it after tax, you've probably paid twice as if you buy it before tax. That varies, fact packet rules. So I kind of have this guideline rule for most of the cars that I own. So if you'd like to learn how to do this, if you'd like to learn how to buy either depreciating liabilities with income from assets, or even appreciating assets, or classic cars, or investments, then I recommend you join Rob.team. Rob.team is my digital financial freedom platform that'll help you start and scale a business, make, manage, and multiply money, and help you build multiple streams of recurring income. It'sā the school system doesn't teach you about money and business, I don't think. Well, I know it justā it's mostly theory, whereas I've been an on-the-streets entrepreneur for 20 years. So if you join Rob.team right now, you can get a real-life bare-knuckle education on making money in business. I've been doing this for nearly 20 years. I've done a quarter of a billion in sales. I have 340 rental units in my portfolio. I own the UK's largest training company, and there's hundreds of hours of courses, resources, and masterclasses on rob.team to help you build multiple streams of recurring and passive income. The good news is it costs less than 20p a day to join. You can cancel anytime, and there's no ongoing contract. So if you just quickly now go and join rob.team, then come back and I'll start her up, see if you can hear her. So if you join rob.team right now, by the way, then you'll get access to hundreds of hours of courses, resources, masterclasses to make, manage, and multiply money, regular Sunday Zoom lives, ask me anythings with me. There's all sorts of other benefits and bonuses you can see on the page. The link is rob.team. Just type in R-O-B Also, if you join now, I'll give you a bonus 12-week, 16-hour Money Mastermind University course. Many people don't know this, but I'm on a mission to help as many people on this planet get better financial knowledge. And I won't stop until I'm dead, and I'm 45, and I might have 50 or 60 years left, who knows. So if you would like to make more money and learn What the money system doesn't teach you, what school doesn't teach you about money, what it doesn't want you to know. This 12-week, 16-hour Money Mastermind University really will help you make, manage, multiply money, understand how money works, attract more of it, raise finance, start a business, invest in assets, build recurring income. And if you join Rob.team right now, you can actually get that completely for free. It's now all recorded and in there. And I am planning on launching this as its own online, um, 16-hour course, which are probably a live course with me for 2 days. 16 hours is 2 grand plus. If this was online, it'd probably be Ā£700. You can grab it for free now if you join rob.team. Okay, so I can still see people tuning into the live. Once you've joined rob.team, um, do you know the age and model number of this Porsche 911. 911 isn't the model number that I'm looking for. Um, if you can guess it exactly, I'm going to give you a silver coin or two. And I'veā I wanted to ask you, should I sell it? I've actually got the guy that bought it for me coming to pick it up tomorrow because we're doing a shoot with loads of cars. We've got the drones, we've gotā we're lining up, uh, 7 or 8 cars. We're going to his um, showroom where he's got hypercars. We're doing a shoot, it'll be awesome. But he's taking this, and I am thinking of putting it up for sale, should I sell it. It's one of my 3 all-time classics, my favorite 3 cars. I nearly told you the, the year there. You want to hear it growl? All right then, let's have a go. So what's your favorite classic car? Mine was the Ferrari F40, the Ferrari Testarossa, which I own, and this old-school Porsche 911, which I own, but I'm thinking about selling it just because I don't have a big enough garage for 7 cars. I've probably driven 200 miles in it in, what, a year? What am I going to do with the thing? It has maintenance and management. It needs love. It's like my children. Anyway, shall we, um, Shall we have a go? What do you think? And in true, um, classic car style, look at this when I rev it. The revometer doesn't work. All right, so shall I keep her? Shall I sell her? What's the age and model number? Join Rob.team if you want better financial education and knowledge and learn how I am able to buy classic cars like this from profits from businesses or from income from assets. I'll take, take you through that step by step. Thanks for tuning in. You are a legend. And remember, if you don't risk anything, you risk everything.










