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- เผยแพร่เมื่อ 4 ธ.ค. 2018
- When Ed (@edbolian) was selling cars, not all of their inventory came from cars they would buy, sometimes they got repos from exotic car banks. Some of them came from some high profile clients.
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In a Ferrari or Jaguar switching thru lanes top back holla back "I AIN"T PAYING FOR THIS THING!" lol
Rob Pitts I’m gonna use that line in a song
It’s switching four lanes. Not thru lanes
@@mikestanley4457 theres always that one asshole. You are that asshole. Congrats. 👍
Bravo lol
Weird Al Yankovic- Ebay
"In a Lambo switching lanes, top missing, broken frame ...How many more payments do I have on this thing?"
Thay was funny af
Lmao 😂
Fire
"About 6 or 10... depends on when the clutch goes out again!"
🗣️🗣️🗣️🗣️
Uberballer wheels - "A product where you know the seller is making fun of you"
Which is weird, cause the ones they showed in the video looked great on that car.
behinderteleberwurst same I love deep dish rims
@@1BergerVongSchlauigkeitHer The colour and design were fine until you got a from behind profile of those ridiculous 12 inch deep bowls painted yellow.
I thought Ed's sophisticated vocabulary had suddenly deserted him.
I would never put rims on my car at the expense of my transmission clutch
This was a really crazy time. Glad the economy recovered so well. I don't like how high some interest rates are getting but it does take a lot more qualification to get an exotic car loan. Back when I was in college starting the rental company, you could use stated income loans to buy supercars.
Seriouslly 2 years and 10 months ago and only 40 likes?
Annnd its back to hell
This didn't last lol
This has aged terribly, given auto loan defaults have become a crisis at this point
thankfully both of my cars are paid off, they might be crap but they are my crap and I love them lol
michael kotlowski Same, that’s the best kind of crap. I sold cars for a while and watched first hand people over extend themselves over a car. I haven’t financed one since.
Same here 2009 Acura TL SH- AWD with 154,900 miles & 2004 Ford escape with 104,100 miles all paid for no car payments.
@@mcearl8073
My friend uses to sell cars he told me it was his job to convince a costumer that a $300/400 dollar car payment was in his or her best interest to keep them and their families safe on the road.
Patrick Boyd Yea, we were told all kinds of sleezball things to tell them to talk them into it. “It’s only 10 bucks a day, you probably spend that at Starbucks, what’s more important, coffee or your families safety?
Most salesman were decent people just trying to make a living, it’s those who make it higher up the chain to sales managers, F&I etc That were the worst. My sales manager would have lied to his mom to make a bigger commission.
@@mcearl8073
😢.
Don't miss those Lambo payments! Have a great day everyone.
You seemed a bit rushed today Ed.
I don’t have those problems because I can’t buy one. But I cannot miss my students loan payments.
@@rolon-ew5kl if you do, do the banks repo you or the paper for your degree. :P Anyways, I feel ya. Been there, done that.
Dont finance lambos to people that obviously cant afford them
@@seanclugston6258 Except that banks do finance people who can't afford Lambos, because they know that they can always yank the car back and keep whatever money was paid to them. Also, many of these people may have had financial streams that looked like they wouldn't end, but we know the gravy boat can only hold so much gravy.
I can only hope we don’t see another economic downturn like 2008. My time-tested rule of “Don’t spend money modding until the bank doesn’t own your car” continues to hold true.
Good advice
SpeedMayHaveBeenAFactor I was like 6 in 2008 but I remember it actually being a great year financially for my family, we bought a third home and travelled out of Canada for the first and only time
That’s kinda what my father is doing. He says come February I own it then you can do whatever you want to it.
SpeedMayHaveBeenAFactor economic downturns are necessary and beneficial to people who are smart with their money. The affected people tend to be those who are overstretching. However, there is also the ugly part where the lowest class is affected the most and the highest class isn’t really affected much
It’s coming
90% of rappers cant afford these cars to begin with....
I think you'll find 90% of people who buy these cars can't afford them.
rdizzo1313 neither can the average person afford their honda dumb ass
@@jumpman366 so true
That's a stretch buddy. Don't let one video make you assume every rapper is the same lol
Sounds like some of you so called “Rappers” are a lil sour! Stay in school and get a real job. Not everyone can be a rapper or a model. And no I don’t want your Demo tape😂🤣😂🤣😂🤣
I always thought that at these prices, these would be all cash customers. Who makes $15,000 month payments. I mean you can either buy the car or not.
That goes to show you all these fools aint nuffin' but "flexers" and "posers, even in yo' own neighborhood...One dropped pymt or mess-up and they back to riding a Schwinn.....
@Jack Benton yeah pretty much somes it up.
I think around 92-96% of people make payments on cars. And sadly most people live beyond and over there means including the elite and Hollywood.
Jack Benton depends if the finance rate for the loan is greater than the interest you earn on a return without significant risk, which it usually is.
@D B yep thanks. Typos happen.
In today’s episode of financial irresponsibility, brought to you again by rappers!
@@Overland_RC i dont understand ur comment. Im not trolling u, its just Im old enough to know who JD is. Not the best rapper but his contibutions to the rap game is unreal
@@itsme675t7 You grew up listening to Rap as an artform, it's literally devolved into grunting noises to a beat now, that's what he means by mumble rappers, for example, look up "Gummo - 6ix9ine" you try to tell me if you can understand even one singular English word.
@@avii5429 👌 I got you. I dont like alot of these newer rappers. I like Anderson Paak and I listen to alot of JID. They are actually my speed.
While it's fun to point and laugh at the rappers, there was a lot more going on in the mid to late 2000s. The biggest thing that fueled it was how unbelievably easy credit was to get, thanks to the housing market. And, when the housing market fell, it cut the legs out from under all lending.
As far as why Rappers seem to get into trouble isn't anything specifically with that part of the music industry or the music industry itself. It's more a case of the Suddenly Rich. For people who never had money before, suddenly having money suddenly gives them so many more ways to financially hang themselves than they had before. (And a whole new set of friends who will gladly slip the rope over your neck and give the chair a swift kick.) It's why the NFL and many state lottery organizations have classes to teach about the pitfalls of their newfound wealth.
@@Overland_RC although they are far and few in between its still some good rappers out there. I know u arent saying theyre all trash, theres still the Story Tellers, the motivators, the Battle type, etc... We'll never have Tupac and Biggie back. And if by chance there is one or some like them out there let me know. Thanks for a fast reply and have a wonderful day
Missed opportunity, you should've called this video "repo's delight"
Comment of the day
I said ah, flip flop
Flip... Flip foppin' a drop toppin' ...
With a bang bang
By a boogie boogie
What he's saying is, people were flossing and couldn't afford it.
👍🏾👊🏾✌🏾🇳🇬🇺🇸
Anyone over 20 , that means they can't afford it.
I can listen to this guy all day. He’s a really good story teller.
I worked for Vik at his Audi/Vw dealership doing sales. He had a ridiculous personal collection of cars including a MB CLK-GTR F1 V12. There was a guy who worked for him and all he did was drive Vik's personal supercars around all day to keep them running. Luckiest dude to work for Vik EVER!
The most expensive vehicle I've ever seen on the road; a Porsche 918...
Had teddy bear rims - almost looked like graham cracker bear rims
"routed a coolant line into the bell housing, to cool off the clutch disc" I have so many questions as to how that would even possibly work.....my brain hurts just trying to think about it.
I can just see it now - "guys, I have an idea"
Because he probably took it to someone like Will Castro and his crew who spend more time in the interior than they do working on anything mechanical.
exactly....it wouldnt , unless the clutch somehow works like an afterburner on a jet turbine....routing a coolant line into the bellhousing of a transmission with the intent of it helping cool down the clutch is what you call "Tweekanometery" or Total bullshit.
@@guskipper1194 it didn't work. So, i wouldn't worry about it
might be a air hose like on brake cooling
Welcome To Atlanta Where The Playas Play (with cars they can't afford) 🎶
Lamest city in America...
Ryan Chase that would definitely be Cleveland
@@andeleputo89 I'll take your word for it, had to leave that continent. Maui No Ka Oi...
People damn sure love to floss in these damn cars
That's the truth, I saw a primered out Rolls flying down 75 a while back. Nah, it wasn't clean at all to say the least 🤣
If I were in a position to own a exotic vehicle and I knew Ed was coming to repo my vehicle, I hope he would give me a great story and then take the vehicle. Lol lol lol
Does AutoTempest allow you to sort results by number of repossessions?
P WrightisRight I can’t tell if it’s a joke or a serious question
@@gavensingh9117 I mean I'd rather have a car that was owned by 1 person instead of 9
Repo cars are some of the most clapped out heaps you can buy. Sounds like the high end stuff isn't any better.
I have a family member that does repo work. He repossessed a 5 year old Maserati that had already been repo'd twice and "stolen" 2 times. He said it was a rough car.
@@gearjammergamer8560 It makes sense. If they can't afford the payments they can't afford to maintain it.
I've watched most of the videos by an ex TH-camr called thereponut and yes some were clapped out rubbish but most weren't
@@stephenhunter70 I prob watched every video Matt ever posted. He is working in conservative Utah on the outskirts of a big city. Go inner city repo and you would see much worse. I have purchased many repo cars and have not had good luck with them.
@@mph5896 You hear a lot about how they're looked after from mechanics. It would not uncommon to have one come in to a mechanic that's running rough. The first thing they'd do is go for a drive down a conveniently located freeway, often that's all it would require. Inner city owners often live close enough to their job that their car just never gets warmed up. My sister used to live in the inner city. Until she moved away from the city she never owned a car, it was cheaper to rent one when she needed a car.
Finally the best story teller of the channel is back!
The crazy thing is that his over 80 stories in and the other great storytellers here have only managed 10-15.
@@pwrightisright8611 haha that's so true. I can't wait to hear more of Rob Pitts stories hes my personal favorite.
I have never once missed a Lamborghini payment.
I've also never _had_ a Lamborghini or a loan for one but that's besides the fact
And to this day, I bet you still haven't missed a single payment!
😂😂😂😂😂
As someone who worked in the subprime auto finance market for some time. I can speak to the ridiculousness some companies will go to help dealers make money. Some very aggressive finance companies can lend 160% LTV on some real dog shit cars. 99.999% of all cars are depreciating assets, but during 2008-2012 you could say the used car market witnessed a hyper inflation. Due to over supply and lack of demand. Driving used car prices even lower. All I have to say is many companies and especially credit unions are repeating some similar lending practices.
Dupree's story wasn't a typical finance issue. He F'd it up and walked away from it. Dumb for having heavy ass wheels but smart enough to call quits. It all washes out in Bankruptcy anyway. #RICHISSUES
datdamndavisboy the School of Fiddy Cent
Right. Well said.
I'd be honored to have Ed repossess my Lamborghini.
He would have you convinced that it was the best thing that ever happened to you with his “Shrewd Negotiator” tactics.
If you have to borrow money to buy an exotic car, you can't afford an exotic car.
I'm an attorney and love taking on repo cases. I have a 100% success rate getting preliminary injunctions to stop the sale and have had the repo reversed and have gotten my clients anywhere from zero dollars with them paying all back money owed (but getting their car back), to having the judge dismiss the debt and imposing punitive damages and costs against the lender... an outcome I could achieve in every case if the client had the fortitude to follow through.
Not to say that no one deserves to have their cars repossed or that repossession is the only realistic outcome in some/most situations.
But give me a mom whose lost her job and needs her car to drive her children to school, to look for work, to the doctor, to the store to buy groceries whose verbally worked out an agreement with the lender to defer a payment, work out a plan to catch up, etc. to pay the note on a car sold to them for three times it's worth with a subprime loan AND then the lender comes slithering in and takes their car in the middle of the owner's midnight IHOP shift... I will fuck that lender up.
I will bet anyone, who's a taker, $5,000 that we can pull random repo cases and that specific case will have at least one, more like 3 to 5 or more, violations of federal and/or state law.
Most people never challenge a repo... that's what the lender relies on. It's a numbers game. They don't have the means or the drive to follow through.
Some legitimately just have no hope of pulling out of the situation in which they find themselves. Some have way over extended themselves selves through blatant irresponsibility, by both the borrower and the lender.
BUT the car does not tell the story. There are Ferrarri owners who've fallen on hard times and predatory lenders are looking to cash in while disregarding laws put in place to protect the borrower. They may have a realistic plan to pull through and save their cars, but the lender tricks and lies and steals there cars.
Then there are 1984 buick owners who bout a car and never made a payment with the full intention of converting the lender's generosity in offer them second chances.
To make a short story long... if I think someone is getting fucked, they will leave my employ with their car. It's a small percentage who have been legitimately wronged and have the means and hope to recover... but if it's you who are populating that percentage, it's sure the fuck important to you... and 100% reversible if you find an attorney who can spell repossession and has google.
Jermaine Dupri already found the video and became the single dislike. RIP to your credit.
Just another dumbass with a couple dollars in his pocket who's going to be fucking broke
@@rodneypratt4324 you seem angry
It's not like he's had anything better to do since like 2005.
@@redrider7730 his 18 cousins and baby mamas just jumped in for a cool 40.
51 now, he got all of Shawty Lo's children on the dislike bandwagon.
I cry for those that couldn't afford to keep their 200k+ cars
I own 2 cars. A 2002 and 2003 Ford Taurus. No payments.
DJ DIGITAL was the same until someone decided to pull out in front of me. Oh Well, I don't have a mortgage payment so it evens out.
The ass sagging on those taurus yet? They always seem to eventually.
Bad transmissions also....certain models.......other than that pretty tough........from Wyoming USA 🔫🤠
DJ DIGITAL ]
Ugliest car ever made to date
Never pressed F5 so many times in a row... =D
me who just accidentally clicked this video: shit i dont wanna watch this right now
ed: he had taken a golf club and hit the windshield several times
me: well..i suppose i am interested
The best way to start your day is with a nice breakfast and a VinWiki story
MaxSpeed oh yeah
@@connoisseuroftigolbitts it's my morning routine ;)
Dude ur everywhere
@@bhajanbiju4269 love being part of the community bro :)
MaxSpeed same
Thank you jesus a reposession story and ed bolian my day just got awesome
funny Lambo story: In 2006 there was a dent repair vendor at our lot and a customer of theirs had their 19yr old son bring down a bright orange Diablo to get a dent repaired. The owner had just bought it off Busta Rhymes (had flipmode squad stitched in the head rest). One of the salesmen at our dealership talked to kid in to taking him for a ride. Well, from what I heard, the diablo was an AWD car but Busta has it converted to RWD (cant confirm this for sure). Anyway, the kid showed off and went sideways 3 times before going head first into a tree and wrecked the car. (I still have pics). The owner apparently hadn't even insured the car yet.. I still remember seeing the owner come ripping around the corner in a Z06, and the look on that kids face was pure terror... Never seen a beautiful car destroyed so quickly.
That's a great story I think ed should let you tell it on his show
haha, thanks but I'd rather stay somewhat anon on that story. Who knows what kind of lawsuit shit that turned into. Funny thing is we tried to reach out to Busta's account on myspace to send pics! haha (we were in our early 20s at the time)@@samidan91
An Ed story without a shrewd negotiation, I want my money back ;)
Fair complaint
Rumor has it, that you two met right in the middle and you wound up paying twice the amount!
The title and intro are click-bait.
No wonder he's good at selling cars. He's well spoken, I'll give him that.
When I see @edbolan in the description I know it's going to be a good video.
Rule of thumb: Your monthly house payment should never be more than half your net income. Your monthly car payment should never be more than half your house payment. It's not bullet proof, but should keep you closer in line to what you can pay.
Not a bad ratio
Jack Linde in my opinion you shouldn’t get a car that you can’t afford to actually BUY. I don’t even know if there are car loans in my country so when you see a baller you know he’s actually a baller
@@idonthaveaname6472 Well it doesn't really make much financial sense to tie up all of your money in a car when you can generally get a car loan for 0% interest or something really low.
Dude, that's terrible for most people. If you net $2K/month, a $1K mortgage and $500 car note makes no sense. Mortgage/rent shouldn't be more than 1/4 net, car note (if you can't buy in cash) should be no more than 1/10 your net. So a young guy getting $2K has $500 for his portion of rent (roommates) and $200 car note. That way he can still eat and save some money. Sure, home costs will be more in CA, NY, CT, etc. But in most places, housing cost isn't gonna eat up half your salary.
@@LordPrometheous that's with really low numbers though, with bigger numbers it leaves more than enough for saving and living. But it is also depending on your priorities. Some may want a cheaper house and more expensive cars. But you would scale it up or down to your income.
Edit: I wouldn't count 2k/month as most people, with 55-60k being the average income in the country.
May dad gave me a great bit of advice when I first bought my house. He said, "Life is never easy, and if you find yourself hard up for cash and you have to choose between your house payment or your car payment, ALWAYS make the car payment. You can't drive your house to work, but you can live in your car."
In 2008 the economy tanked, he passed away, and I found myself unemployed. That bit of advice came in very handy. I never lost the car, and It took me a year and a half but I got caught up on my mortgage. My credit is still bruised from that beating, but it's getting better every day.
This is one of the coolest subs on TH-cam. These stories are priceless and it's great that there's an outlet for them to be told on a large scale.
So So Definitely ruined his lambo
Best comment ever..
Lol . Few will understand this common
I remember seeing advertisements for Uberballer wheels in DuPont Registry years ago. Never saw them in person though.
Ed's the kind of guy who has a really good story about a glove box and a chicken farm.
Well, an OK story.
But he would try to make you believe you were about to hear about the meaning of life.
@@KutWrite And then he'd know somebody who had an actual account of the meaning of life. Lol
Saw the title and knew this would be another Ed Classic!
3:50....”a lot of them were from local Atlanta rappers”....no way, I don’t believe you🤣🤣🤣
i wanna know the shop that recommended to a customer they cut out part of the frame to be a removable piece
Amazingly, it is not a wildly uncommon practice. Insanely stupid.
VINwiki insanely dangerous as well.
@@jazzbluechally4694 If I was in a shop and saw a mechanic recommend this to a customer, I might take it upon myself to punch both parties for being so foolish.
I was wondering that too. It does seem fitting that the same guy who buys a performance car and then installs wheels that hamper its performance would agree to cutting the frame up to save a bit.
A perfect lesson for every person in this social media generation. You are seeing the BEST possible scenarios and situations on someones social media. This is the kind of thing you DONT see. Dont judge your personal life off of what you see on others social media. A lot of 10 cent millionaires in this world.
I know some (or most) of you will disagree with me... but there's really only 1 thing in life anyone with a 'firm grasp of finances' should actually finance and that is... a primary mortgage.
I can't even begin to fathom making 'house payment type payments' ($750-$3000 per month) to 'partially own' a vehicle. It boggles my mind when I hear of anyone earning at least $1 million+ per year having to declare bankruptcy due to inability to stay current on... *OUTSTANDING CAR LOANS!*
If you're making that amount of jack (or more) per year... well, that type of jack allows you to be *free of loans!* Idiots!
Use the bank to make money- have the bank buy a business, then you make the money. Primary mortgage for the tax advantages, again using a bank to make money as the market value rises. You can be super damned baller without having an enormous income and be set for life. Paying interest on a depreciating asset (liability) is just about the most stupid thing anyone can do.
well good thing we're car guys and not finance bros 😂
opens video "please be Ed, please be Ed"
At least with a rapper, you can go after the co-signer as well.
Maybe he made it rain a few to many times lol
Dude I’ve learned soooo much from your videos keep posting
Uberballer wheels - A product where you know the seller is making fun of you - Oh Ed you the man! LMAO 🤣🤣🤣🤣🤣🤣
I ran a sales Dept at a repo lot in Portland Oregon in 07-08.
Great times! Made a boat load of money off idiots who don't understand the term "live within your means".
Contractors who spent 10 on lift kits for thier work trucks, realestate agents with 90k suvs , young kids with Mom co signing on a 40k sports car and the regular drug addicts and drunks were the usual customers.
Every once in a while we get a wild story.
Back robber gets cought in a car he owed money on.
We had to get car from police impound. He is probably still locked up.
Child molester goes to jail. Had to get his car from his apartment after he got locked up. Again. Probably still in a cage.
People killing themselves. Getting cars from the family for those was sad cause it was personal items inside from lost loved ones.
Divorces always kept us busy.
Then u had professional debters. People who convinced others to coe sign them then took off with cars.
Immagrants we're also big into buying a car and then leaving the country. Only to sell the car to friends or family who stayed here and knew it was out for repo . They would use it and abuse it till we could find it .
Some times we never found them.
The cops would call the bank cause they impounded it for a crime. Or another tow company would impound it for parking or accidents or abandoned.
Other good ones were drug dealers, doctors, porn stars dentists , cops etc etc.
Everyone gets repoed if they ain't cArful .
Divorces , drugs, gambling , loose women or something along those lines always throws people off thier game and they get cought slipping and then loose track of money and responsibilities.
Next thing u know they are up for repo and a foreclouser and then for the finally, a BK.
The stories at the repo company never got old.
The head reop guy , had some great stories of picking cars up.
I just apprised them and communicated with lenders and then facilitated a sale fair to everyone , lein holder and new customer.
I did go pick up some cars everyonce in a while.
Best ones are not postable on here. With Google and all, it wouldn't be hard to find out who I am talking about or who I am. I don't need that bitting me in the backside.
End result is that you should always live in your means and pay your bills first before u treat yourself to anything other then food and shelter.
What's a BK?
My god that’s crazy to hear I could imagine how intense it was during that time, Question what where the most common cars getting repo during this time?
9/7/17 My first ever football game, JV, Freshman year. I broke my left tib and fib in half on the eighth play of the game. I had a rod and four screws put into the center of my tib. Didn't walk for over two months. They said it would take over a year for my strength to come back. By the middle of march I was back to my squat pr, two weeks later I beat it by 20lbs squatting 405. My deadlift is still yet to come back, the reasoning being the muscle on the left side of my back were not strong enough to maintain to correct position, I ended up tearing up my low back as I wasn't aware of my failure to show correct technique till I got with a coach. So the imbalances will be there, but the muscle comes back fast. Yall's videos helped me through my recovery time, so I send my best wishes to you. God bless.
Dude, you could be describing quantum physics (which I know nothing about) and I'd listened joyfully. Your voice and storytelling is amazing! Thanks for the videos!
This channel really delivers. Love the stories.
But I have a hard time feeling sorry for down and out Lamborghini owners.
Well when you go from 0 to a million with literally no financial guidance bad decisions have the potential to happen. But you live and you learn, Jermaine dupri has definitely made enough money since then to buy that car a couple times over, and pretty sure he learned a valuable lesson
Ed, I remember asking for a video on the Great Recession and the luxury car market a while ago, thanks for making this
I build dirt track racing chassis's, engines and bodies. You are the only high end auto channel I watch. Your down to earth and a generally nice guy who I would be pleased to deal with if I was ever in the market for a high end car. Thanks for all the great videos!
Was watching this in class and a friend was confused
In this case, quality of customers declining can be correlated to quality of music declining as well.
Haha SoundCloud rappers buying lambos and ferraris
@@DimiGem things were better when Keith Moon would drown Rolls Royces in pools. At least when it comes to music.
I worked for a Harley Davidson dealership from 03 to 2009 and we had very similar things happen with the banks and how far they would go to sell motorcycles one specific case always stuck in my mind we had a young man buy a base model 883 sportster the only option it had from the very bottom speck was it had blue tins a 200.00$ upgrade from black the base model anyway we could put value on paper anything with a sku for a down payment so this young man went to the dollar store and bought a boom box for approximately $12.00 and used it for a down payment when his note was all done he had financed 14k on a 6k msrp fully covered of course with 7 yrs of extended service plan GAP coverage and pre payed services. The young man was extremely happy and very aware of what he had done. 8 months later he traded the 883 in on a 18k new Softtail and had a 7 year note of something like an $800.00 a month payment still very happy young man but I was and to this day amazed the lengths the finance company’s would go to in order to move inventory. There is no way you could do that now but in that time frame again 2003 to approximately 2009 it was like the wild Wild West lol.
*ROB DAHM NEEDS TO COME ON VINWIKI AND GIVE US SOME OF HIS CAR STORIES*
Diablo spin out😨
You mean his insurance fraud stories? All of his 'mishaps' would fit right in.
What they replied!
Ed really has a knack for making super sketchy business transactions not sound super sketchy...
Lamborghini Murci yo bank she so thirsty, I’m in my two seat Lambo wit da police tryna hurt me
sounds good in a song...but never gonna happen in real life.
Well, this an awesome episode. They really get to the story and never make it so much longer than it has to be.
I'm surprised he didn't mention that the customers who bought the cars from that dealer had them repossessed by the bank even though they're stuck paying for them.... .. I've done a few repos in such cases and it's brutal how screwed the innocent people are.
The funny thing is I live in Atlanta and my dad was offers by his banker friend a Lamborghini mercy for 79,000 dollars I think it might’ve been the same one
Good vinwiki to start my day gonna be in traffic with all these car crashes
I know that it's the power of hindsight, but whenever he tells a pre 08 history i just shake my head, saying to my self. "oh god how nobody saw it coming"
Jermaine Dupri.. Ed’s best customer !
"my stature may be short, but my money is long" Jermaine duprie.
My success WILL be short , but my debt is Long , Jermaine du....who?
Automotive Dynamics Your tripping if you think Dupri doesn't have money and is a nobody.
VW CREDIT was looking for Vic and got him conVICted.
the conviction was vacated then the case against him for fraud was dismissed in 2014. Seems like he got away with it.
www.law.umich.edu/special/exoneration/Pages/casedetail.aspx?caseid=4471
He plead guilty to one count of federal wire fraud, was supposed to do five years, sentence suspended. As far as I know he didn’t do a day in jail. We all figured he turned states evidence on whatever mobsters he borrowed money from. (He had a history of that) I worked for another dealership he owned at the time. I actually still see him around town from time to time, the last time it was about six months ago. Feels like I’m seeing a ghost every time lol
Ed and Rabbit tell the best stories!
The Ed Bolian drinking game:
Every time he references a stolen Lambo - drink
Every time he sneaks in an ad for ViWiki - drink
Every time he talks about his exotic car rental business - drink
i’m going to be honest that yellow lambo with those “ridiculous” wheels actually looks ok.
Bloody 2008!! The year that killed my first business. A courier business i set up in 2005 and that FINALLY started to make some decent money by 2007.....then 2008. All my cars (Ford Connect,a Europe only minivan based on the Fiesta),all my drivers,all my everything POOF,gone. My entrepreneur spirit was delt a massive blow i have to admit
Get back on that horse!
Ed's back with another great Lambo story!!
Never had a car payment. Always saved up for my vehicle. Then bought it nice and used. One owner. All maintenance records. The hell with a car note
Marry me bby. Love me a smart girl
I guess the same advice applies to exotic cars as to stocks, i.e never get into a situation where you can't afford to lose it all. In this instance it means that you should never borrow so much that you end up with negative equity even when the value of the asset goes to zero.
More stories like this!!!
Very quick and informative guy ,👍
fascinating interview, sharp dude
I bought young bucks Corvette stingray that was repoed when he went to jail LOL had hideous Rucci 22” Rims on it
Damn the convertible/Open top one?
It’s a 2014 green T-top, so the top comes off but it’s not a convertible with a rag top. It was featured in his music video refill.
That ugly ass one with all the gold? I hoped you scrapped it.
John Reading Who’s Young Buck?😂🤣😂🤣😂
sean wilks no, its all back to stock. It was just gold vinyl wrap. Has black z51 stock wheels, it’s my profile pic
If you put Uber bowler wheels on your car it should also come with a sticker that says I can’t afford this car
Ed, how about finding some repo men with great stories. As always, I enjoy these stories and all of the people you get for this channel.
You are an amazing story teller.
Apparently there were other clients cars that was repossessed but their names were not mentioned. Go figure
You're so right Apparently only Atlanta rappers obviously have their cars repossessed
ED B. IN DA HOUSE!!!
Though speaking steadily without pause, he never seems to inhale a breath. Facinating.
This guy makes simple stories much more interesting
Crazy story about Vik who owned the lambo dealership. He actually got off with it! His case was dismissed.
Comment section's a bit prickly today
Sounds like such a fun time to work for an exotic car company.
Haha.....I used to detail these cars for Ed...Never new the stories behind these cars....Good stuff.
**Ed for President**
Is there some kind of anniversary of something that happened in the recession today? Or is it just a coincidence that today my economics teacher talked about the recession as well
Great content, as always Ed. I dream to have an exotic one day.
I use to do home foreclosures from 2001 to 2005. Some people where carrying so much debt and living outside their means that the slightest hiccup in their income and they where in default.