Latest / Earn Your Leisure / Scholars Corner: THE BENEFITS OF LEASING A CAR

Transcript

Scholars Corner: THE BENEFITS OF LEASING A CAR · Earn Your Leisure

• 0:00
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 0:03
  Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
• 0:07
  Speaker 1: accused of murdering a Texas man of Venezuelan charged with
• 0:11
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 0:15
  Speaker 1: some of the heinous migrant criminals caught because of President
• 0:19
  Speaker 1: Donald J.
• 0:20
  Speaker 2: Trump's leadership.
• 0:21
  Speaker 1: I'm Christy nom the United States Secretary of Homeland Security.
• 0:25
  Speaker 1: Under President Trump, attempted illegal border crossings are at the
• 0:29
  Speaker 1: lowest levels ever recorded, and over one hundred thousand illegal
• 0:33
  Speaker 1: aliens have been arrested. If you are here illegally, your
• 0:37
  Speaker 1: next you will be fined nearly one thousand dollars a day, imprisoned,
• 0:41
  Speaker 1: and deported.
• 0:42
  Speaker 2: You will never return.
• 0:44
  Speaker 1: But if you register using our CBP home app and
• 0:47
  Speaker 1: leave now, you could be allowed to return legally.
• 0:50
  Speaker 2: Do what's right. Leave now.
• 0:53
  Speaker 1: Under President Trump, America's laws, border and families will be protected.
• 0:57
  Speaker 3: Sponsored by the United States Department of Homeland Security.
• 1:00
  Speaker 4: The difference between leasing and buying a car. What are
• 1:04
  Speaker 4: some key differences in leasing a car and buying a car?
• 1:07
  Speaker 5: Well, on at least most people, you'll hear that A
• 1:10
  Speaker 5: lot people say, well, you don't own the car, right.
• 1:12
  Speaker 5: The truth is, do you want to own a vehicle
• 1:14
  Speaker 5: that's going to lose value?
• 1:15
  Speaker 3: Right?
• 1:16
  Speaker 5: Very rarely do cars go up in value. So that's
• 1:18
  Speaker 5: why leasing is so prevalent, seventy eighty percent, Like you said,
• 1:21
  Speaker 5: of people leased to vehicles, when you're financing the vehicle,
• 1:24
  Speaker 5: you do, you technically own it, but the bank owns
• 1:27
  Speaker 5: it while you're financing, So until you pay it off,
• 1:30
  Speaker 5: the vehicle still belongs to the bank title the titles
• 1:33
  Speaker 5: held by the bank. You're not the owner of that vehicle.
• 1:36
  Speaker 4: That's something that's a common misconception. You don't own a
• 1:38
  Speaker 4: car the way until you finally pay it off. And
• 1:41
  Speaker 4: then when you do pay it off, most people want
• 1:43
  Speaker 4: to trade it in.
• 1:43
  Speaker 6: They want to trade it in right away old by
• 1:45
  Speaker 6: the time you own it now it's old exactly.
• 1:47
  Speaker 4: But another thing with the leasing that people don't fully
• 1:50
  Speaker 4: understand it is like for me personally, right, the reason
• 1:52
  Speaker 4: why at least is that I'm a business owner, right,
• 1:56
  Speaker 4: so I get better tax treaming for leasing the car exactly,
• 1:58
  Speaker 4: Whereas like with the lease, I could off the insurance,
• 2:01
  Speaker 4: the gas, and the least payment formula percentage, we won't
• 2:04
  Speaker 4: get too complicated in it. But I can write that
• 2:06
  Speaker 4: off on my taxes. If I own the car, then
• 2:09
  Speaker 4: I can only I have to go by the depreciation,
• 2:11
  Speaker 4: correctcause it's a own I get less of a tax
• 2:14
  Speaker 4: benefit for owning a car, So it's in my benefit
• 2:17
  Speaker 4: to lease the car because it's pretty much a rite
• 2:20
  Speaker 4: off for me, and I don't have to worry about maintenance. Right,
• 2:24
  Speaker 4: So I never haven't gotten I haven't paid for oil
• 2:27
  Speaker 4: change and I can't remember when because all at least
• 2:29
  Speaker 4: everything is paid for, yes, and then I get a
• 2:33
  Speaker 4: new car every three years. Now I always sell, like
• 2:36
  Speaker 4: if you want to. Everybody's personal preference is different. You
• 2:38
  Speaker 4: can't foreshel views on somebody, right, Like if you want
• 2:41
  Speaker 4: to keep a car for ten years, that shit right,
• 2:44
  Speaker 4: you can do that. I don't want to do that.
• 2:46
  Speaker 4: I want to get a new car. So I know
• 2:48
  Speaker 4: it's going to cost me a lot more money to
• 2:49
  Speaker 4: buy a car and then buy a new car every
• 2:51
  Speaker 4: three years as opposed to leasing a car and then
• 2:54
  Speaker 4: getting a new car every three years. And the upfront
• 2:57
  Speaker 4: is less, right.
• 2:58
  Speaker 5: Yeah, absolutely, lead You only pay let's say the taxes.
• 3:02
  Speaker 5: Right when you're financing in a vehicle, you pay tax
• 3:04
  Speaker 5: on the whole price of the car, or on a
• 3:06
  Speaker 5: lease you only pay tax and let's say the monthly payment.
• 3:08
  Speaker 5: Depending on the state and where you're registering the car,
• 3:10
  Speaker 5: Let's say like New York, you're only paying tax on
• 3:12
  Speaker 5: the monthly payment.
• 3:14
  Speaker 4: Right. So I think that that's something that people could
• 3:17
  Speaker 4: And as far as for me, I don't drive a lot,
• 3:19
  Speaker 4: so twelve thousand miles. I never go with twelve thousand miles.
• 3:22
  Speaker 4: I usually hit like eleven ten to five, So it's
• 3:26
  Speaker 4: perfect for me. But you were saying, even if you
• 3:28
  Speaker 4: do go with twelve thousand.
• 3:29
  Speaker 5: That's a big misconception. Also, it's a lot of people
• 3:31
  Speaker 5: think that if I drive a lot of mileage, I
• 3:33
  Speaker 5: shouldn't be leasing. You know, you hear a lot of
• 3:35
  Speaker 5: people come in and they say, you know, I do
• 3:36
  Speaker 5: fifteen twenty thousand miles a year, I shouldn't you know,
• 3:38
  Speaker 5: leasing is not for me. I think the contrary.
• 3:40
  Speaker 4: It's the way I.
• 3:41
  Speaker 5: Look at it is when you're leasing the vehicle, even
• 3:44
  Speaker 5: if it's a high mileage, least you know your true
• 3:46
  Speaker 5: cost of ownership. Like you said, with maintenance, right, you
• 3:48
  Speaker 5: know that you're gonna have this car three years. You're
• 3:50
  Speaker 5: gonna put fifteen thousand miles a year, you'll have forty
• 3:52
  Speaker 5: five thousand miles most warranties, or let's say four year,
• 3:56
  Speaker 5: fifty thousand mile bumper to bump a warranty, so you'll
• 3:58
  Speaker 5: still covered under your warranty, you see what I mean.
• 4:00
  Speaker 5: So you'll be able to look at it and say, hey,
• 4:02
  Speaker 5: you know what, I know exactly what I'm going to
• 4:03
  Speaker 5: be paying every month for this car as long as
• 4:05
  Speaker 5: I have my lease. Now, when you're financing a car
• 4:07
  Speaker 5: and you're putting high mileage on the car, the two
• 4:09
  Speaker 5: things that lower the value of the car quickest is
• 4:12
  Speaker 5: the amount of mileedge you put on it and the
• 4:14
  Speaker 5: condition of the car. So let's save the vehicle is
• 4:16
  Speaker 5: in an accident. So if I'm leasing my car and
• 4:20
  Speaker 5: and someone in that my next door neighbor's buying their vehicle,
• 4:23
  Speaker 5: they're financing their car in three years, I have a
• 4:25
  Speaker 5: lot more flexibility of what I can do. I don't
• 4:28
  Speaker 5: have to worry about if my car was in an accident,
• 4:30
  Speaker 5: or does somebody key my car? Did a garbage truck
• 4:32
  Speaker 5: come down the street to hit my car? Because their
• 4:34
  Speaker 5: value is dropped. Now, So now you're playing this guessing
• 4:36
  Speaker 5: game of well, wait a minute, what is my car
• 4:39
  Speaker 5: now worth? And you run into a situation where you
• 4:41
  Speaker 5: finally pay off your car. You put money into the
• 4:43
  Speaker 5: vehicle trying to fix it, and they turn around and say, hey,
• 4:45
  Speaker 5: your car's worth six thousand dollars.
• 4:47
  Speaker 3: Now.
• 4:48
  Speaker 5: The other thing that we talked about was that technology
• 4:50
  Speaker 5: is moving so fast, so things get antiquated quick. So
• 4:55
  Speaker 5: that's why leasing is nice because in three years you
• 4:58
  Speaker 5: may not need a small sedan right now. In three years,
• 5:00
  Speaker 5: your life changes. You have a family, you have kids.
• 5:03
  Speaker 5: Now I want to skuv.
• 5:04
  Speaker 4: My lease is up.
• 5:05
  Speaker 5: I come out of the liasing, I go into the
• 5:07
  Speaker 5: brand new SUV if I want to.
• 5:08
  Speaker 6: Can't fit in COUD anymore?
• 5:10
  Speaker 3: Exactly.
• 5:10
  Speaker 6: Yeah, Now that's true. Technology changes, even like the FELP
• 5:13
  Speaker 6: I have now, Like I saw the two thousand, twenty
• 5:15
  Speaker 6: twenty mode, I'm like, wait, yeah, that is ridiculous, Like
• 5:17
  Speaker 6: I need that technology now. So it's like you can
• 5:20
  Speaker 6: just come in every three years. Man, that's a that's
• 5:22
  Speaker 6: a huge benefit in leasing. One of the things that
• 5:25
  Speaker 6: is important when you lease in all finances is the
• 5:27
  Speaker 6: credit Yep, how.
• 5:28
  Speaker 3: Does that work?
• 5:29
  Speaker 6: Is there a specific bureau that car dealerships use or
• 5:33
  Speaker 6: the bank, so it.
• 5:34
  Speaker 5: Varies between manufacturers, so different banks. So let's say if
• 5:38
  Speaker 5: you're going to Honda Honda Financial, Toyota has Toyota Motive Credit,
• 5:41
  Speaker 5: Mercedes Benz has Mercedes Benz Financial. They all have different criterias, right,
• 5:45
  Speaker 5: So it's not it's not a blanket as far as
• 5:48
  Speaker 5: what they use. Some people use transunions, some people use
• 5:50
  Speaker 5: echo facts. Other manufacturers use what's called the auto score.
• 5:54
  Speaker 5: So an autoscore means your automotive history. So even if
• 5:57
  Speaker 5: you had some trouble on your credit but they saw,
• 5:59
  Speaker 5: let's say, for whatever reason, you had some medical bills
• 6:01
  Speaker 5: or something happened, but you always paid your car node
• 6:04
  Speaker 5: on time. The bank may look at that and say, hey,
• 6:06
  Speaker 5: well wait a minute, yeah, they missed some payments over here,
• 6:10
  Speaker 5: but they always paid their car on time. So that
• 6:12
  Speaker 5: means that, hey, you know what, this person needs that car.
• 6:14
  Speaker 5: They need to get to work, they need.
• 6:15
  Speaker 3: To provide erners. What's up.
• 6:17
  Speaker 7: You ever walk into a small business and everything just
• 6:20
  Speaker 7: works like, the checkout is fast, the receipts are digital,
• 6:24
  Speaker 7: tipping is a breeze, and you're out the door before
• 6:27
  Speaker 7: the line even builds odds are they're using Square. We
• 6:31
  Speaker 7: love supporting businesses that run on Square because it just
• 6:34
  Speaker 7: feels seamless. Whether it's a local coffee shop, a vendor
• 6:37
  Speaker 7: at a pop up market, or even one of our
• 6:39
  Speaker 7: merch partners, Square makes it easy for them to take payments,
• 6:43
  Speaker 7: manage inventory, and run their business with confidence, all from
• 6:47
  Speaker 7: one simple system. If you're a business owner or even
• 6:50
  Speaker 7: just thinking about launching something soon, Square is hands down
• 6:54
  Speaker 7: one of the best tools out there to help you start, run,
• 6:57
  Speaker 7: and grow. It's not just about payments, it's about giving
• 7:01
  Speaker 7: you time back so you can focus on what matters
• 7:03
  Speaker 7: most ready. To see how Square can transform your business,
• 7:07
  Speaker 7: visit Square dot com backslash go backslash eyl to learn
• 7:12
  Speaker 7: more that Square dot com backslash, go backslash eyl. Don't wait,
• 7:17
  Speaker 7: don't hesitate. Let Square handle the back end so you
• 7:20
  Speaker 7: can keep pushing your vision forward. This episode is brought
• 7:26
  Speaker 7: to you by P and C Bank. A lot of
• 7:28
  Speaker 7: people think podcasts about work are boring, and sure, they
• 7:32
  Speaker 7: definitely can be, but understanding a professionals routine shows us
• 7:36
  Speaker 7: how they achieve their success little by little, day after day.
• 7:40
  Speaker 7: It's like banking with P and C Bank. It might
• 7:43
  Speaker 7: seem boring to save, plan and make calculated decisions with
• 7:46
  Speaker 7: your bank, but keeping your money boring is what helps
• 7:49
  Speaker 7: you live or more happily fulfilled life. P and C
• 7:52
  Speaker 7: Bank Brilliantly Boring since eighteen sixty five. Brilliantly Boring since
• 7:57
  Speaker 7: eighteen sixty five is a service mark of the PNC
• 8:00
  Speaker 7: Financial Service Group, Inc. P and C Bank National Association
• 8:04
  Speaker 7: Member FDIC.
• 8:07
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 8:11
  Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
• 8:15
  Speaker 1: accused of murdering a Texas. Man of Venezuelan charged with
• 8:19
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 8:23
  Speaker 1: some of the heinous migrant criminals caught because of President
• 8:27
  Speaker 1: Donald J.
• 8:27
  Speaker 2: Trump's leadership. I'm Christy nom the.
• 8:30
  Speaker 1: United States Secretary of Homeland Security. Under President Trump, attempted
• 8:34
  Speaker 1: illegal border crossings are at the lowest levels ever recorded,
• 8:38
  Speaker 1: and over one hundred thousand illegal aliens.
• 8:41
  Speaker 2: Have been arrested.
• 8:42
  Speaker 1: If you are here illegally, your next you will be
• 8:45
  Speaker 1: fine nearly one thousand dollars a day. Imprisoned and deported,
• 8:50
  Speaker 1: you will never return. But if you register using our
• 8:53
  Speaker 1: CBP home app and leave now. You could be allowed
• 8:56
  Speaker 1: to return legally, do what's right.
• 8:59
  Speaker 2: Leave now.
• 9:00
  Speaker 1: Under President Trump America's laws, border and families will.
• 9:04
  Speaker 3: Be protected sponsored by the United States Department of Homeland Security.
• 9:07
  Speaker 5: For their family. So no matter what happens, they're going
• 9:09
  Speaker 5: to take care of that monthly payment.
• 9:11
  Speaker 4: And another thing I want people to think too. A
• 9:12
  Speaker 4: lot of times people will look at it like, Okay, well,
• 9:15
  Speaker 4: I'm not a business owner and we're talking about luxury
• 9:17
  Speaker 4: cars just because we have luxury cars. But it's the
• 9:19
  Speaker 4: conversations for any type of puss doesn't matter. But also
• 9:22
  Speaker 4: people have to realize is that you don't have to
• 9:25
  Speaker 4: be a full time entrepreneur to be an entrepreneur because
• 9:28
  Speaker 4: the tax system. I can't stress this. The tax system
• 9:31
  Speaker 4: is set up for entrepreneurs and investors. It's not set
• 9:34
  Speaker 4: up for employees, right, So as an entrepreneur, you get
• 9:38
  Speaker 4: all kinds of benefits. You can write off meals, you
• 9:40
  Speaker 4: can write off travel, you can write off almost anything
• 9:43
  Speaker 4: realistically as long as it makes sense. Don't get what
• 9:46
  Speaker 4: it is. And cars is one of the things that
• 9:49
  Speaker 4: you can write off. Right. So if you work in
• 9:51
  Speaker 4: a regular job and you might have a side hustle,
• 9:53
  Speaker 4: why not get that incorporated, get LLC, get a see court,
• 9:56
  Speaker 4: whatever you want to do, and get a tax id
• 9:59
  Speaker 4: opening up account. Now you have a business. So now
• 10:02
  Speaker 4: you can lease that from your side hustle business, and
• 10:05
  Speaker 4: you can deduct the same deductions like if you work
• 10:07
  Speaker 4: the regular job. Right Like now that goes against any
• 10:10
  Speaker 4: money that you make on that. And so I say
• 10:12
  Speaker 4: that to say we have to think like business people.
• 10:15
  Speaker 4: And you don't even have to actually be a full
• 10:18
  Speaker 4: time business owner. Salespeople as well, right, if you're a
• 10:21
  Speaker 4: ten ninety nine or if you are in some form
• 10:25
  Speaker 4: of sales where you can take deductions like real estate
• 10:27
  Speaker 4: stuff like that. Insurance you sell insurance the same thing.
• 10:31
  Speaker 4: So a lot of times people, you know, they have
• 10:34
  Speaker 4: negative views towards things because they don't they have a
• 10:36
  Speaker 4: lack of understanding.
• 10:37
  Speaker 3: There.
• 10:37
  Speaker 4: Once you have a lack of understanding, and like I said, now,
• 10:40
  Speaker 4: if you still choose to do that, then it's your
• 10:42
  Speaker 4: decisions free country. But a lot of times we make
• 10:45
  Speaker 4: decisions based out of ignorance not knowledge, right, So exactly, so,
• 10:49
  Speaker 4: one of the things I want to ask you was
• 10:50
  Speaker 4: you said MSRP versus price, right, what's the what's the
• 10:54
  Speaker 4: difference selling price?
• 10:55
  Speaker 3: All right?
• 10:55
  Speaker 5: So yeah, so you have MSRP, right, that's what's on
• 10:57
  Speaker 5: the windows sticker. Right, So the manufacturers sugg just the
• 11:00
  Speaker 5: retail price of the vehicle. That's MSRPA. Manufacturer suggests the
• 11:03
  Speaker 5: retail price. That's what they recommend you should be selling
• 11:06
  Speaker 5: that car for. Now. The selling price is what you negotiate,
• 11:09
  Speaker 5: right or whatever. However you can reduce the selling price
• 11:12
  Speaker 5: of the vehicle. That's what that comes down to.
• 11:14
  Speaker 6: Is that the same thing as the cap cost.
• 11:15
  Speaker 5: So no cap cost. Let's say you're leasing or your
• 11:18
  Speaker 5: finance in the vehicle. The final cap cost is the
• 11:21
  Speaker 5: selling price plus anything else. So whatever money the bank
• 11:24
  Speaker 5: is lending you, whether it's a lease or finance, they're
• 11:27
  Speaker 5: still lending a certain amount of money. So let's send
• 11:28
  Speaker 5: a lease. If you rolled your taxes into your payment,
• 11:31
  Speaker 5: that's going to add to your cap cost. If you
• 11:33
  Speaker 5: negotiated a fifty thousand dollars selling price and then you
• 11:36
  Speaker 5: rolled your taxes of two thousand dollars into the lease,
• 11:38
  Speaker 5: that's fifty two thousand dollars cap cost.
• 11:40
  Speaker 6: And is that negotiable.
• 11:42
  Speaker 5: Well, it's based on what you negotiate. As far as
• 11:44
  Speaker 5: you'll say you're selling price, so whatever fees you put
• 11:47
  Speaker 5: into it, those aren't negotiable. Those let's say taxes and
• 11:49
  Speaker 5: DMV fees, things like that.
• 11:51
  Speaker 4: So all right, we talked about okay, talk about leasing
• 11:54
  Speaker 4: a car, but buying car. Somebody wants to buy a car, right,
• 11:56
  Speaker 4: and you were saying, most of the time, if you
• 11:57
  Speaker 4: do want to buy a car, it makes more sense
• 11:59
  Speaker 4: to buy a use.
• 12:00
  Speaker 5: I always recommend people, if you are going to buy
• 12:02
  Speaker 5: a car, buy a certified pre on. Now, listen, there's
• 12:05
  Speaker 5: vehicles you can find out these lots that are not
• 12:07
  Speaker 5: authorized the same Mercedes Benz dealerships or Toyota dealership. Me personally,
• 12:12
  Speaker 5: I think you're better off going to You may pay
• 12:14
  Speaker 5: a couple of dollars more, but you're getting it from
• 12:17
  Speaker 5: the manufacturer, so you have the backing of manufacturers. And
• 12:20
  Speaker 5: just give you an idea. Most companies, when they certify
• 12:22
  Speaker 5: a vehicle, the vehicle goes through let's say, you know,
• 12:24
  Speaker 5: one hundred and fifty point one hundred and sixty point inspection.
• 12:27
  Speaker 5: So not only will they inspect a vehicle to make
• 12:30
  Speaker 5: sure that it's in a certain conditions, so they'll eliminate
• 12:32
  Speaker 5: things like let's say this frame damage to the car.
• 12:34
  Speaker 5: If the car is frame damage, doesn't qualify for a certification,
• 12:37
  Speaker 5: so it's eliminated. Most dealerships won't even take that car.
• 12:40
  Speaker 5: They'll send that car out. And that's where you'll see
• 12:42
  Speaker 5: the vehicles on these other side lots right and they're
• 12:44
  Speaker 5: selling those vehicles. So there's really no recourse when it
• 12:47
  Speaker 5: comes to something happened to the car. Not to mention
• 12:50
  Speaker 5: the factor. Once that car goes through the certification, a
• 12:52
  Speaker 5: lot of manufacturers will put new car interest rates on
• 12:56
  Speaker 5: those cars. So typically pre owned cars are used cars
• 12:59
  Speaker 5: will have a higher interest rate than a new car.
• 13:01
  Speaker 5: But if it's certified, you get a better interest rate.
• 13:03
  Speaker 5: So like right now, like let's say you have one
• 13:05
  Speaker 5: point nine nine percent, you can't get one nine nine
• 13:07
  Speaker 5: percent on a used car, you know, anywhere else, you
• 13:09
  Speaker 5: know what I mean. If the vehicle's certified, that's the
• 13:12
  Speaker 5: way to do it. Me personally, the vehicles, as you
• 13:14
  Speaker 5: guys have all heard this, people say, oh, well, the
• 13:17
  Speaker 5: vehicle loses value as soon as you drive it off
• 13:19
  Speaker 5: the lot. Now what happens is really it's once it's
• 13:21
  Speaker 5: registered the vehicle loses value. That's when that's when the
• 13:24
  Speaker 5: vehicle loses value. That's normally when you're driving off the lot.
• 13:26
  Speaker 3: That's when you got it brand new.
• 13:28
  Speaker 5: So yeah, when you're buying the car brand new, it
• 13:30
  Speaker 5: initially loses its value when you drive it off a
• 13:32
  Speaker 5: lot or the vehicle is titled. So now you're buying
• 13:35
  Speaker 5: a vehicle, who's going to that's gonna depreciate in value.
• 13:37
  Speaker 5: That's what a car does. It's going to go down
• 13:39
  Speaker 5: in value. So you're financing a car that's losing value.
• 13:42
  Speaker 5: It already took a big hit, right when you're buying
• 13:44
  Speaker 5: new opposed to a certified pre onn that the initial
• 13:46
  Speaker 5: depreciation has already happened. It's already taking place that you
• 13:50
  Speaker 5: knew that car was taking care of. The manufacturer, the dealership,
• 13:53
  Speaker 5: you know, is putting themselves behind that vehicle saying, hey,
• 13:55
  Speaker 5: we know this vehicle, We've inspected this vehicle, we know
• 13:57
  Speaker 5: this vehicle's in good shape. We're willing to even put
• 14:01
  Speaker 5: a new car rate on it. So you have some
• 14:03
  Speaker 5: more confidence when they buying that type of vehicle. Okay,
• 14:05
  Speaker 5: all right.
• 14:23
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 14:26
  Speaker 1: in Massachusetts. An MS thirteen gang member from al Salvador
• 14:31
  Speaker 1: accused of murdering a Texas man of Venezuelan charged with
• 14:35
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 14:39
  Speaker 1: some of the heinous migrant criminals caught because of President
• 14:43
  Speaker 1: Donald J.
• 14:43
  Speaker 2: Trump's leadership.
• 14:44
  Speaker 1: I'm Christy nom the United States Secretary of Homeland Security.
• 14:48
  Speaker 1: Under President Trump, attempted illegal border crossings are at the
• 14:52
  Speaker 1: lowest levels ever recorded, and over one hundred thousand illegal
• 14:56
  Speaker 1: aliens have been arrested.
• 14:57
  Speaker 2: If you were here.
• 14:58
  Speaker 1: Illegally, your next you will be fine nearly one thousand
• 15:02
  Speaker 1: dollars a day, imprisoned and deported, you will never return.
• 15:07
  Speaker 1: But if you register using our CBP home app and
• 15:10
  Speaker 1: leave now, you could be allowed.
• 15:12
  Speaker 2: To return legally. Do what's right. Leave now.
• 15:16
  Speaker 1: Under President Trump, America's laws, border and families will be protected.
• 15:21
  Speaker 3: Sponsored by the United States Department of Homeland Security.