I think I can explain a little bit about the Tundra as I seen it first hand because it happened to a neighbor of mine. He bought a car at our local dealership. He had it for about three months and got into an accident. After he filed his claim for the insurance, he missed a payment because he was fighting with the insurance company about the claim. Then it was repossessed. Then after it was repossessed, his insurance company dropped his coverage. He actually sued the insurance company for dropping his coverage without any reason. The insurance company had to buy him a new car AND cover his insurance for a whole year. The same thing might have happened with the Tundra owner
Hey Randy, in your video yesterday, you mentioned your new strategy for buying repos and flipping them. I have to reiterate my love for your channel. In my opinion, you have been hands-down the best automotive channel on TH-cam! Because of the incredible fascinating variety of vehicles you bring to the channel! The vipers, the Aston Martin, the rambler! The Monte Carlo, Mercedes I could go on and on! But beyond that you’re incredible enthusiasm and excitement and appreciation for these vehicles is so contagious! And beyond that you’re sharing of your personal life with your fiancé and Nick! The road trips with monkey wrench, Mike! Power tour! Michael from Santas workshop the two of you relationship and knowledge! And you was a standup guy and what And the path you’ve come from! You enrich my day every day! I am handicap and in care home. Missed an episode for years. You’re a very important part of my days! That being said, I will follow your channel no matter what format you take however, flipping we and the kind of cars you would do that with doesn’t really sound as exciting as what you have done, so hopefully you’ll still continue with the incredible content and smorgasbord of cars in your personal fleet!
Randy I think you're right about the hood on that food escape flying open and causing that damage. If I'm not mistaken, Ford recalled a bunch of cars around that time for the hood flying open while driving. Also, the thing in the Tundra is a built in dashcam. It's a factory option.
All these repos, proving the cost of cars and repairs have become unaffordable! Even worse up here in Canada. The problem with most of these financing schemes is they almost always on lower end cars exceed the residual value of the vehicles. This leaves the owners in a finacial hole. That is why you see so many totalled vehicles owned by the finance companies.
Randy I bought a 2011Dodge Ram with the V6 3.7 ex work truck with 250000 miles on it for $3500 bucks in 2020. Everyone said it's a Dodge, it's a V6, it's a POS...but I fell in love with it and I drive it daily with 287000 and change on the odometer and I am never get rid of it! It is the perfect knock around truck.
Don't worry.. kommiela is going to start forking over heaps of cash to the ill eagles and first time home buyers.. girl power will get that whole vexing situation fixed in a jiffy.
Absolutely awesome. You made your bed now sleep in it. I feel no remorse for the dealerships that screwed over its clientele during COVID etc. This is your market adjustments coming home to roost.👍🙏
That Ford Escape had a 2.0 Ecoboost right? or 1.5? They have headgasket problems, so maybe it was getting rid of some coolant with the first cold start
Just a quick thing on the insurance.. sometimes it takes the insurance company 60 to 90 days to determine if it’s fixable or not. If it is totaled the payout sometimes takes an additional 30 days and some people just dont want to pay the loan. I had to pay 3 months on a car that was totaled, but i got the money back from the bank when they were finally paid. The other issue is gap ins did not cover it
We just bought a 2013 Chrysler Town & Country with 230,000 miles and it runs like a top. 3.6 litre, dealer maintained most of its life. We got it for a steal.
Our 08 Expedition is still going strong with the notorious 3 valve 5.4 and it has 236,000 on it just goes to show that taking care of your vehicle will clearly benefit you
Dodge has nothing to do with the Fiat Ram trucks built by Stellantis,really Dodge has nothing to do with its own name tag either-No One IS Coming To Save You-
@@bradzimmerman3171 no fiat/stellantis is ruining all their new cars from dodge, to ram and Chrysler, and Jeep. They all are are coming in with shock bolts missing, engines blowing up under 1000 miles. It’s bad.
sometimes people incorporate insurance into the loans, the 1st thing finance companies do when you default is cancel the insurance to get some money back asap
Since that police car charger with the hemi has the police package that means cylinder deactivation is not on that engine, probably why it's lasted over 200,000 mi lol the
Just like you think everyone's vehicle in NY is crashed up, everyone thinks that people in Oklahoma are all on government assistance. At the end of the day it is all just smack talk. I own a home in NY but live in Florida and my vehicles look nothing like that or have never looked like that.
Would love to see that Renegade on the channel. Had a 2018 Trailhawk with the 2.4 and put 36,000 miles on it in a year and it was a great fuel efficient zippy little jeep
That individual needs to move to China with all the effort/funds he tries putting into the cause for dismantling the second amendment and disarming the American people.
It is a special kind of repo when it’s 9 years old like the 2015 ford escape most people with a good job would consider that car junk at used car lot that sells buy here pay here overpriced junkiers
Founded in 1978 and led by Don Hankey of the Hankey Group, Westlake is a Southern California-based company focused on acquiring andservicing subprime, near-prime, and prime automotive retail installments contracts in all 50 states, with primary concentrations in CA, TX, FL, CO andNY.
I think the wrecked ones that are repoed are probably cars that were totaled by the insurance company and upside down in value. The owner probably didn’t have gap insurance.
Randy, when people say Chrysler/Stellantis are junk. They are mostly referring to the support they get from the dealer and the company. Obviously the cars themselves aren't that bad. I'd take one them over a damn Audi or BMW any day of the week.
The Escape is a decent little suv. Plus they made a ton of them do finding parts should be easy. If you can get it cheap enough, it might be worth it...but its gotta be cheap.
Maybe they are going to have to cut the price of some of these. The banks I think are going to have to take a loss for an inflated market and the unusual economics of production shortages during the pandemic, and high interest rates.
there's a grey Mazda3 (Mchine Grey as MAzda calles it) right beside the little Mitsubishi could the 24 Tundra hahve been a demonstrator car at a Toyota dealer?
The mileage on that red Escape goes to ------ when it's running but shows the mileage when off. Very strange 🤔 Wonder if it's even recording the mileage.
Of course they don't have insurance, flying around town on temp tags that are 3-6 months out of date or longer, I see it all the time. And no plates at all as well.
Those totaled repos probably had insurance but high interest rates and no gap insurance. So insurance can't pay off the total cost and it becomes a repo. I had this situation many years ago with a used car.
Good morning Randy I hope you’re having a great morning. I just got done watching your new video of the copper walk around that you posted for us this morning and I want you to know that I really enjoy them so just keep your videos come in for me because I’m watching every day which I’ve told you that before but can’t wait to see your next video. Whatever you’re playing buddy I’ll talk to you later. Have a great rest of your day. Talk to you soon.
It seems like he's not ever going to buy anything that he has to put a fender on or anything. That's how everything started but he picks through them so bad in that one. Red one would have been just fine to get and fix it up
the mirage hasn't been in a front end accident the gap is like that on all of them do a look up on ones for sale but here in Australia they all have that gap looks like it should have a piece of rubber between the bonnet and bumper but nope it doesn't its's the way it is randy...
We understand your point of view but remember you only keep most of your cars for months most people keep their car for years and that is why they say negative things about those cars.
I never miss a video,loyal subscriber. Now,be careful with judgemental comments about repos please. Not so much the idiots who destroy them,just some of us who are struggling now due to the people who voted blue and ruined economy. Btw,joking bout be careful bout repo comments. Keep up your videos,love all the content,all of it!
I had a dodge Dakota 4x4. Went through 5 transmission before the first oil change. Now I had a 2016 jeep renegade latitude with 40,000 miles and transmission issues with that one to. So I very nervous about Chrysler and Dodge cars and trucks. But everyone has there favorite
Not familiar with US insurance, do you have the different levels of cover, such as third party, fully comprehensive, etc? Just wondering with these wrecked repo cars, did the owners cheap out on the level of cover then get hit by someone uninsured? Might explain why they're repo rather than insurance write offs.
The hell is going on in OK with all the bulletholes????🤣
Facts
I'm pretty sure it the same car as last year...i remember he opened the trunk looking for the bullet!
OK City always have been a war zone just watch the first 48.😂
They were driving through Texas with an boomer sooner bumper sticker 😎 so, just in case, that's a joke🤣 some people these days🤔
I think I can explain a little bit about the Tundra as I seen it first hand because it happened to a neighbor of mine. He bought a car at our local dealership. He had it for about three months and got into an accident. After he filed his claim for the insurance, he missed a payment because he was fighting with the insurance company about the claim. Then it was repossessed. Then after it was repossessed, his insurance company dropped his coverage. He actually sued the insurance company for dropping his coverage without any reason. The insurance company had to buy him a new car AND cover his insurance for a whole year. The same thing might have happened with the Tundra owner
Westlake is a bad credit lender.
👍🏻 finance company
Hey Randy, in your video yesterday, you mentioned your new strategy for buying repos and flipping them. I have to reiterate my love for your channel. In my opinion, you have been hands-down the best automotive channel on TH-cam! Because of the incredible fascinating variety of vehicles you bring to the channel! The vipers, the Aston Martin, the rambler! The Monte Carlo, Mercedes I could go on and on! But beyond that you’re incredible enthusiasm and excitement and appreciation for these vehicles is so contagious! And beyond that you’re sharing of your personal life with your fiancé and Nick! The road trips with monkey wrench, Mike! Power tour! Michael from Santas workshop the two of you relationship and knowledge! And you was a standup guy and what And the path you’ve come from! You enrich my day every day! I am handicap and in care home. Missed an episode for years. You’re a very important part of my days! That being said, I will follow your channel no matter what format you take however, flipping we and the kind of cars you would do that with doesn’t really sound as exciting as what you have done, so hopefully you’ll still continue with the incredible content and smorgasbord of cars in your personal fleet!
I was told it is no longer the COPART REPO LOT it is now the RANDY TREASURE BOX LOT :)
It's crazy how large the repo lot has gottem.
8.5 % interest rate .
@@czogg99 That would explain it. In glad I bought my car with cash.
Chances are if they can't take care of their bills, they didn't take care of their cars either.
Randy I think you're right about the hood on that food escape flying open and causing that damage. If I'm not mistaken, Ford recalled a bunch of cars around that time for the hood flying open while driving. Also, the thing in the Tundra is a built in dashcam. It's a factory option.
I don’t listen to what people say about the RAMS, I have a 300.000 plus miles 5.7 liter ram that runs great.
All these repos, proving the cost of cars and repairs have become unaffordable! Even worse up here in Canada. The problem with most of these financing schemes is they almost always on lower end cars exceed the residual value of the vehicles. This leaves the owners in a finacial hole. That is why you see so many totalled vehicles owned by the finance companies.
Randy I bought a 2011Dodge Ram with the V6 3.7 ex work truck with 250000 miles on it for $3500 bucks in 2020. Everyone said it's a Dodge, it's a V6, it's a POS...but I fell in love with it and I drive it daily with 287000 and change on the odometer and I am never get rid of it! It is the perfect knock around truck.
I have a 02 1500 still runs great
If you think the car repo situation is bad look at the housing situation. Lots of pending foreclosures all across the country.
Don't worry.. kommiela is going to start forking over heaps of cash to the ill eagles and first time home buyers.. girl power will get that whole vexing situation fixed in a jiffy.
That’s a factory (PIO) DashCam. I stupidly removed the card from mine without powering down and corrupted the card. It beeps the same way.
Absolutely awesome. You made your bed now sleep in it. I feel no remorse for the dealerships that screwed over its clientele during COVID etc. This is your market adjustments coming home to roost.👍🙏
That Ford Escape had a 2.0 Ecoboost right? or 1.5? They have headgasket problems, so maybe it was getting rid of some coolant with the first cold start
That’s 100% what I said, coolant intrusion issues.
Just a quick thing on the insurance.. sometimes it takes the insurance company 60 to 90 days to determine if it’s fixable or not. If it is totaled the payout sometimes takes an additional 30 days and some people just dont want to pay the loan. I had to pay 3 months on a car that was totaled, but i got the money back from the bank when they were finally paid. The other issue is gap ins did not cover it
We just bought a 2013 Chrysler Town & Country with 230,000 miles and it runs like a top. 3.6 litre, dealer maintained most of its life. We got it for a steal.
Our 08 Expedition is still going strong with the notorious 3 valve 5.4 and it has 236,000 on it just goes to show that taking care of your vehicle will clearly benefit you
The last time yo drove the 2.7 Ecoboost on dealer auctions you were surprised how good it was when you test-drove it
i'm a mechanic at a Chrysler dealership, I can confirm a lot of them are junk and their quality control is terrible.
Dodge has nothing to do with the Fiat Ram trucks built by Stellantis,really Dodge has nothing to do with its own name tag either-No One IS Coming To Save You-
@@bradzimmerman3171 no fiat/stellantis is ruining all their new cars from dodge, to ram and Chrysler, and Jeep. They all are are coming in with shock bolts missing, engines blowing up under 1000 miles. It’s bad.
sometimes people incorporate insurance into the loans,
the 1st thing finance companies do when you default is cancel the insurance
to get some money back asap
That tundra is such a waste 😭
The "blinky beepy thing" in the Tundra is a factory Dash Camera option
West lake is a low tier lender. If a dealership cant get you a loan from a reputable bank.
The little blue Jeep you said you could fix in 5 minutes might be a good fit for Nick...
I think it is out of gas. The gas light was on, and there were no bars on the fuel gauge.
Yea Randy, here in NY We have to face the Winter Element 😂😂
Since that police car charger with the hemi has the police package that means cylinder deactivation is not on that engine, probably why it's lasted over 200,000 mi lol the
Just like you think everyone's vehicle in NY is crashed up, everyone thinks that people in Oklahoma are all on government assistance. At the end of the day it is all just smack talk. I own a home in NY but live in Florida and my vehicles look nothing like that or have never looked like that.
That uninsured tundra was rough. They did not care about that truck, sad
straight to scrapyard material
I'd drive that Renegade in a heartbeat.
I like them, too.
2020 was the last year for Jetset blue.
Would love to see that Renegade on the channel. Had a 2018 Trailhawk with the 2.4 and put 36,000 miles on it in a year and it was a great fuel efficient zippy little jeep
Westlake, Strategic, Bridgecrest, Credit Acceptance, are all finance companies. Mainly 2nd or 3rd chance financing with super high interest rates.
West lake services is a division of Bloomberg
?
Seems like all of West Lake vehicles are underwater. Seems to be an appropriate name.
That individual needs to move to China with all the effort/funds he tries putting into the cause for dismantling the second amendment and disarming the American people.
It is a special kind of repo when it’s 9 years old like the 2015 ford escape most people with a good job would consider that car junk at used car lot that sells buy here pay here overpriced junkiers
His bi polar if you haven't noticed 😅
Love your videos!!!
I think Westlake is one of those high interest rate loan companies for people with bad credit, I could be wrong but I think their a bad credit lender
My Uncle Karl said... Son not all the cars at the auction are bad but , all the bad cars are at the auction :)
Founded in 1978 and led by Don Hankey of the Hankey Group, Westlake is a Southern California-based company focused on acquiring andservicing subprime, near-prime, and prime automotive retail installments contracts in all 50 states, with primary concentrations in CA, TX, FL, CO andNY.
Love the repo videos it’d be even better when you bought a car we could watch it get fixed and sold love the new direction of the channel
I think the wrecked ones that are repoed are probably cars that were totaled by the insurance company and upside down in value. The owner probably didn’t have gap insurance.
This guy is good.
cant wait to see what you buy.
Insurance company would rather total it then repair it
Randy, when people say Chrysler/Stellantis are junk. They are mostly referring to the support they get from the dealer and the company. Obviously the cars themselves aren't that bad. I'd take one them over a damn Audi or BMW any day of the week.
Good to see you
Hello Randy. The Ford F150 is a decent looking truck. The Mitsubishi is a good looking car. It's not worth $16.000
The Escape is a decent little suv. Plus they made a ton of them do finding parts should be easy. If you can get it cheap enough, it might be worth it...but its gotta be cheap.
There's a Bright drop van on copart rn, I'd love to see you grab it as a cheap first look at ultium
Id love it if you checked out that little brown Mazda
Maybe they are going to have to cut the price of some of these. The banks I think are going to have to take a loss for an inflated market and the unusual economics of production shortages during the pandemic, and high interest rates.
Enjoying your videos!! Thanks!
there's a grey Mazda3 (Mchine Grey as MAzda calles it) right beside the little Mitsubishi
could the 24 Tundra hahve been a demonstrator car at a Toyota dealer?
The mileage on that red Escape goes to ------ when it's running but shows the mileage when off. Very strange 🤔 Wonder if it's even recording the mileage.
Of course they don't have insurance, flying around town on temp tags that are 3-6 months out of date or longer, I see it all the time.
And no plates at all as well.
Keep pushing brother blessings
Keep up the great walk arounds Randy. We’ll miss you ❤
The flashing thing on the tundra is a factory dash cam. I know right it comes with factory dash cam! Every car should have one.
9:49 the escape probably had sticky rings from being not ran, i had a Toyota that done the same thing when i didn't crank it for about a month
It was called the power wagon and I agree that was a nice truck
That Jeep just needs the engine codes cleared.
what Westlake services is is they are a debt collection service as far as I have found out.
Randy the renegade wasn’t serviced with the recall issue that the renegade had
Those totaled repos probably had insurance but high interest rates and no gap insurance. So insurance can't pay off the total cost and it becomes a repo. I had this situation many years ago with a used car.
I love learning some new every time I watch your video, but seriously if you go for a 2024 truck please make sure you have the financials for it 😂❤
In the 24 tundra the beeping thing was a dash cam
those renegades were built in italy.... just saying...
Looked it up west lake services is based out of California they finance contracts thru 50,000 car dealerships for new and used cars
Good morning Randy I hope you’re having a great morning. I just got done watching your new video of the copper walk around that you posted for us this morning and I want you to know that I really enjoy them so just keep your videos come in for me because I’m watching every day which I’ve told you that before but can’t wait to see your next video. Whatever you’re playing buddy I’ll talk to you later. Have a great rest of your day. Talk to you soon.
Lifelong New York resident. No, our cars don’t look like that. I’ve seen plenty of Arizona cars that do.
I'm from the UK and I've just looked up westlake services and westlake services/finance are all the same company
would have loved to check out the Bolt EUV
I agree, Randy, that Mitsubishi should go cheap. That ford would be a good a to b car. Poor Toyota.
Ford escape look like someone had this made Wolverine mad lol
that escape at 100000 miles the trans will probably go any day!
It seems like he's not ever going to buy anything that he has to put a fender on or anything. That's how everything started but he picks through them so bad in that one. Red one would have been just fine to get and fix it up
Enjoying the repo videos Randy!
the mirage hasn't been in a front end accident the gap is like that on all of them do a look up on ones for sale but here in Australia they all have that gap looks like it should have a piece of rubber between the bonnet and bumper but nope it doesn't its's the way it is randy...
i like the jeep renegade lookin good!!!
I'd pay 7k for that wrecked used Mitsubishi not 16k. It's the base model and you can buy them brand new today for 14-15k.
You need to put out a list of the dealers you avoid in the repo lot. I live in Tulsa and wouldn't mind hitting this repo lot for a new car.
We understand your point of view but remember you only keep most of your cars for months most people keep their car for years and that is why they say negative things about those cars.
I never miss a video,loyal subscriber. Now,be careful with judgemental comments about repos please. Not so much the idiots who destroy them,just some of us who are struggling now due to the people who voted blue and ruined economy. Btw,joking bout be careful bout repo comments. Keep up your videos,love all the content,all of it!
Westlake is a bank. I used to deal with them.
I just scored a 2022 hummer ev for $22850 on a reposession. Only 7k miles.
I had a dodge Dakota 4x4. Went through 5 transmission before the first oil change. Now I had a 2016 jeep renegade latitude with 40,000 miles and transmission issues with that one to. So I very nervous about Chrysler and Dodge cars and trucks. But everyone has there favorite
Westlake provides auto finance & equity loans as well as automobile dealer inventory search
Not familiar with US insurance, do you have the different levels of cover, such as third party, fully comprehensive, etc?
Just wondering with these wrecked repo cars, did the owners cheap out on the level of cover then get hit by someone uninsured? Might explain why they're repo rather than insurance write offs.
howdy from lawton - thnx for the info
I wonder if westlake services is the business facing arm of westlake financial? like when dealers need to finance inventory they use them?
Would be nice to see the actual auction bidding on these vehicles
Looked to me like the bullet did make it through the nissan......lower left corner of drivers side back seat looked like it had a hole in it
flashing thingy in windshield is a dashcam
Some of the comments make me laugh broski but your content is fire
Never been this early, love all these videos!
I wouldn't touch a 24 tundra without a warranty the way their engines are blowing up
Westlake is a financial institution they give out loans
Top of the line up
Randy i have something to tell you onemain financial is basically car being repoed
The Magic Word to double your views! I think It would be wise to keep making videos on the Repo lanes
The economy is really getting bad for people. I'm sure with mortgage rates as high as they are, a lot of house foreclosures are happening too.