ฝัง
- เผยแพร่เมื่อ 17 ก.ย. 2017
- Doug has made a living selling cool cars but he got started doing the exact thing manufacturers and dealers hate most - flipping. Here he tells us how he did it and what the manufacturers did to stop him. Check out SwitchCars for his latest inventory.
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We have had lots of requests for VINwiki shirts so we partnered with Bonfire to offer some for sale: www.bonfire.com/vinwiki/
Seriously? Lots of requests? I don't buy it.
Doug, Can you be my PHD please
LOL! Exactly. Nothing against VINwiki, these videos are awesome and I really enjoy them. But come on, who would honestly want a VINwiki t-shirt? I clicked link because I thought it might have some cool cars or some kind of cool design. Nope, just a plain T-shirt with the VINwiki logo for $16. I'd genuinely like to know how many they have sold. I'm here making fun of it but there are alot of weird people out there, they have probably sold more shirts than I'm thinking. If I had to take a guess I'd say 25 or so maybe 50 tops. I just can't see that many people wanting one.
I bought one, great shirt , the vids are free why not spend a few bucks to show your support of a great company and informative channel ?
cool shirts lol
I've mastered the reverse flip, I buy a car for 40k and sell it for 20k.
Everythingisgoingtobealright lool
Everythingisgoingtobealright teach me
The circle of life!
Hahaha
Hector Castillo
Sorry, I was warned not to talk about it.
goes to the dealership with a forklift, starts flipping cars
KaaaaaaaZoooooo!!!!!
XD
omfg I love you for this comment
make sure its the dumbhead porsche dealershit
Dealerships hate this guy ...
I love how these videos have such clickbait titles but then the video is simply and exactly what it says it is.
P WrightisRight Sometimes even going above and beyond what the title said.
Then it's not clickbait
P WrightisRight most of media uses clickbait titles these days
P WrightisRight manufacturers hate him!!
Lmao! Right!? Gotta love it. Haha
So when Porsche sent out the note saying that you can't flip their cars, I guess they were talking about Doug! Lol
I feel like we learn a little more about the car business each day.
Clint Gliford I knew there was a world outside of my $1500 fishbowl, but damn.
Clint Gliford last time i was this late i got fired
I love this guy. He seems to really know his stuff.
It's all a well-crafted illusion of expertise. :) Thank you for the kind words.
Gus Kippe
My question is, what about the warranty?
Gus Kipper Yep, the antithesis of a scumbag car salesman.
Gus Kipper i
That 993 GT2 is just as good as a car can get. Congrats on getting that deal done.
Brett Bilger i saw one the other day. Dont know how much its worth right now but it was nice.
Damn, this dude got a company to change their national policies!
so I had $4000 in my bank account. one of my clients wanted a 1mil porsche and I sold it. what?
All about who you know!
He acted like he owned the car then he gets paid and he payed the owner price then profit
There was about 9 years of business in between starting out and selling my first 7-figure car.
Honestly 😂😂
para mediccine He brokered the deal. Look up the definition of broker my friend.
Yes, Porsche Gold Coast Australia did the same to me when I bought 3 Macans to flip a few years ago...
Can you not do this in a few buddies names’ and give him a small cut?
These car storys actually inspire me to get into car business
It can be rough. Also there guilt that comes with selling a car to someone for way more that you paid for it. You really are making a living taking advantage of people.
+04dram04 😂😂😂😂😂😂😂
“The way I see it there money was better off in my pocket than there’s, I knew how I spend it better “
04dram04 making a living taking advantage of people like carmax
04dram04
I don’t feel any guilt. If you sell good cars and make a profit everyone wins.
This video inspired me to start my own supercar brokerage. 16 when I began, had no car. 17 now and I have a RR SVR and I've sold 100+ cars. Thanks VinWIKI and Doug, you guys changed my life.
The guy has red ears. Sign of a good car flipper.
Much like Doug, my first car sale was done with only a single phone call, and some texts. I sold a heavily modified Liberty Walk GT-R two days after listing it, which probably won't happen again for eternity haha. Also impressive of Doug for locking down 12 allocation on GT3RS cars, a shame for him he couldn't rake money while flipping unicorns! My future goal is to start driving/flipping exotics occasionally for extra cash, it really seems stupid not to try as a car lover. Another great video!
The Prodigy Just like Doug, I sold a car that wasn't mine! Helped a friend coordinate a transaction. He's had many other cars since that GTR actually, currently he has a GT3RS. Haven't had the chance to film it yet.
sgfreak96 liberty walk held throne when there kit for the gtr came out. Such a wanted car at the time
I actually sold the car in the Spring of this year, so it was a miracle it sold at all. For the price it went for, and the time it took from listing to selling, I'd call it a success. Tried selling an F430 and a 991 Carrera afterwards with no luck. Private sales are tough!
i would buy a liberty walk gtr with one phone call.
My question is, how was his Porsche flip a million dollar flip?
Doctors hate him!
haha!
😂😂
Doug I used to work at Steinels Autowerks as a shop hand! I always loved driving over to Switchcars To see what you had!
Wait, but Doug doesn't talk about how he was able to secure "a number of allocations"
It sounds a little bit like-
Step 1: Make a million dollars
Step 2: Buy up 12 GT3 allocations
But how did you come up with funding/ credit history for over a million dollars??
The deposit requirements were likely $1-5k
Every morning, great content. It's always noticed and always appreciated! Keep up the great work at VINwiki
I respect this guy so much for how he made himself. Research, understanding markets, networking, and just generally keeping his ear to the ground and his nose in the wind.
I don't like the idea of paying over sticker. I also don't like the idea of flippers and dealer mark ups. Solution? Build more cars Porsche!
Austin Penny porsche cannot build more cars but it us nice to see they are trying to get those special editions to car enthusiasts and not flippers like asshat in this video
karsaka sdasfa Porsche can easily build more cars. They just not to artificially raise the value of the car due to availability.
Sadly this happens with almost any brand out there that releases a car with some hype/anticipation behind it. As a Porsche fan I'm kind of kicking myself for thinking they were any better than everyday brands like Honda (Type R) or Ford (RS) when it comes to selling their 'special reserve' cars. Its all about dealership politics, allocation games, and supply and demand. Interesting video, in the end the manufacturer washes their hands while creating the scenarios that allow markups to happen.
he said it himself.. supply and demand. if theres a million porsche 663s then people wont pay as much for it.. they only produce so many for a reason..
In Europe there is no dealer mark up. Either you get it or not, but not mark up.
PHD 😂 haven't heard that forever.
Interesting
Doug the type of guy to....
oh wait wrong channel
Your channel is my drug of choice Ive been binge watching videos for hours definatly got a subscriber for life
If you have ever watched in the beginning you know that the background changes and they have added lots more stuff and I love it
Watching you and ed on here helps me structure my way into flipping cars. The day will come when ill once be on vinwiki telling stories lol. Hopefully.
This has to be the best binge channel while driving on the highway ever. Much appreciated
Great story and perspective
Man there’s something about the editing and flow of these videos that’s pretty addicting... love the stories
Amazing channel with amazing stories! hope they keep making great content.
I love the stories, please make more, and keep it real. Best of the Best channel.
Been subscribed since day one. Glad to see this channel grow! Congrats!
Thanks for being a part of it!
I work for a Mobile Auto Glass Company in Los Angeles (Family owned) and we're always getting Called to dealerships/Used Car Dealers all over the Los Angeles And Orange County area, and me being the "Assistant" to my Dad(He's Been In The Auto Glass business for 22 years) I Get to Meet so Many Owners of These dealerships, who sometimes carry really good cars,my point being that this video made a lightbulb go of in my head! Thanks guys hahah
There is always gonna be a way around the system.
Love that.
This is short selling and arbitrage. Finance in the real world. Great interview !
Short selling hinges on the assumption that the future price of whatever underlying asset you borrowed will go down not up
LMAO, this has nothing to do with short selling. It's not even close.
vin wiki never lets me down on these great stories. keep it up!
One of the First videos I've watched from beginning to end on TH-cam and a very long time. .. Awesome
These stories are the absolute best.
I respect this guy. I too started with close to 4000$ after selling my Beamer. I started flipping and 2 years later I have 120k in inventory.
Except I sell beaters lol most are under 5000$ cars/trucks/SUV’s. Anyway it’s nice to have somebody to look up to and strive to be in the car game 👍🏼
Future million sub TH-cam channel
Thank you. We hope so.
So true. I can so see this channel skyrocket sometime soon!
Matthew Goolsby they got 10k subs I a week
wow yeah
Another great story!
I would love to start doing something like this. Just seems like the perfect job
Great stories as usual.
I am guessing the decision not to sue Porsche is that he might like to buy some more of their cars before he dies. There are times when you just have to let them win I guess.
Clint Gliford well, he cant get any new limited numbers car now because of the VIP program, if he sued porsche he would have made 500k or even more
I don't think you guys realize how much it costs to get involved in a lawsuit against a big company like Porsche. Porsche probably has 20 high priced lawyers on retainer just WAITING for someone like Doug to come around and sue them for something like this. A company with deep pockets can keep an individual like Doug in court for YEARS. By the time a settlement comes along (providing Doug actually wins his case), he has spent so much money on attorney's fees that he actually ends up LOSING money. There is NO upside to getting involved in a lawsuit like that with a company as big as Porsche...
...or he could have lost because he's an indie car flipper hiring a lawyer out-of-pocket suing a giant corporation for the cost of a car flip profit.
madtonesbr I would think a lawyer wouldn't be necessary on Doug's part. "....and Rock solid contracts" Porsche violated the contract, what am I missing that a fancy lawyer is needed for?
Probably could not sue Porsche directly but would have to sue the individual dealerships.
yes two videos in a day
Yes. Sort of a happy accident. We had scheduled this one a while ago and forgot about it. We hope you enjoy the double feature.
Did this back in early 90's. Sold our allocation of vehicles to folks in the Dallas Ft Worth area. Sold to Dallas Cowboy players and ex-players, leasing companies and etc. Did not play the game very well, but tried. Doubled our sales in 3 months and then tripled sales in 6 to 9 months.
That is awesome. What cars were you selling allocations for?
I love this story I have sold more than 30 cars at 20 years old not that bad hate stealerships, love car flipplers
You could probably also do somewhat good running a car brokerage service with not-so-exotic older models and moving them from the fair weather areas of the south and west coast regions over into the rust-belt region of the country. It'd involve smaller margins and having to know a different niche than this one. (Think of mostly project cars, where the hobbyist mechanic/builder doesn't want to start with a rusted out chassis. And then go with what's involved from there.)
It might be just me, but the more I watch VINWIKI; the less I’m interested in cars, and the more I’m interested in the business.
Doug’s the type of dude to... wait
Joe Marley LMAOOOOOOOOO
Sounds to me like Porsche's salty
🤣🤣wats with the name
Super interesting information. Love the inside baseball stuff.
id really like to hear more from this guy. I like to flip cars and want to get into exotics and supercars. so I find it interesting
Freaking love Doug! Would love to Meet the Guy!
I just subbed a couple days ago LOVE THE VIDEOS
Thanks!
On the DL guys, I can tell you Porsche does keep a list of known brokers they will not sell to.
Bought an immaculate E30 325is for $5k... Coupe, 5 speed manual. Waiting for the value to gradually increase to resell and use the funds for another deal. Just picked up a 60k mile Honda S2000 for $10k. It's all about research, I hope to one day own a business along these lines.
Awesome story.
Honestly the GT3 flip response by Porsche is what made me really fall in love with Porsche. They're to be driven.
Hell Yeah Dude!!!! Slick moves man!
Good for you Doug, you saw a shot and you went for it
seems like a cool guy ! good luck to him
Whats wrong about your business? The dealership and the brand gets their money and Doug got a profit.
kevin ocampo They just saw him making money and probably wanted to be the ones making that money. They're the ones with the big end of the stick so it's easy for them to just fuck him over.
hockey402 yes, but there was nothing wrong about that, in fact Porsche could see this as an opportunity to sell more vehicles of this kind
kevin ocampo Honestly, idk just seems like Porsche saw this and for some reason didn't want the cars to be resold. I do agree with you because at the end of the day he's paying for the car so where's the issue.
hockey402 thank you, people gets butt hurt because they can't afford them and the only thing they could say is that this cars should go to real enthusiasts
Kevin, you know what, it's interesting because at the end of the day, all the cars that I or somebody else flipped DID go to real enthusiasts. Real enthusiasts who were willing to pay market value. The people who got upset were those who thought that they should have a 'right' to buy them at less than market value.
I went thru the same thing with harley Davidson back in the 90s
Love this series
I think what you did is called "double dealing". I draw a similarly to the 18 wheeler trucking practice. Essentially a broker sells a trucking load to another broker whom eventually sells to actual truck driver.
Porsche's 918 VIP program has totally changed the dynamic of buying GT cars for us "regular" customers. It used to be if you had a good relationship with your dealer and were early to order, you'd probably get a car. Now, at least half of the US allocation for a rare model is already spoken for by 918 owners who always get first dibs. It created a mess, and the higher ups at Porsche now know it.
The back-lighting turning his ears red is really throwing me off. LOL.
What this guy was doing can be interpreted as price gauging and fixing. He was getting cars by the bulk denying other people the opportunity to buy them at sticker and reselling them all for profit.
Porsche doesn't make the extra money and makes them look an elitist brand that only the superrich can have. 911R is a blantant case.
Then why are you watching this?
To criticize someone you must first see why they are doing it and how they are doing it.
You mean MISinterpreted as a price gouger. The cars, like any limited supply items in extremely high demand, will inevitably go up in value. That means that there will be resellers 100% of the time, and it becomes simply an objective matter of putting yourself in a position to invest in an appreciating asset. You need to evaluate the whole picture before making an incorrect assumption. You don't have to LIKE the fact that resellers make easy money, but that IS all you're really saying; you're unhappy that he's making money off of an objective opportunity. Your main complain, even though you don't realize it, is that Porsche is creating limited supply items that in-turn give way to opportunity for experienced investors to make money.
If the market price is higher than they would like, just increase supply. A larger production run would reduce the rarity markup. This then reduces the opportunity for arbitrage.
@@stupidburp but at the same time ruins their brand image. They don't want everyone driving a Porsche they want only high profile individuals who are willing to Shell out the cash for limited runs to self advertise for them.
They are happy that these Porsches appreciate in value since it makes their next limited run more attractive to investors. They are just upset that they don't get their free advertisement selling 15 to Doug, even though Doug will inevitably be giving those cars to even bigger car enthusiasts. They know that having an individual like him known for flipping would ruin their brand image.
At the end of the day it's about Keeping the luxury brand image to retain 20-30% margins on their products.
CAR MANUFACTURERS HATE HIM!
After I bought my first Range Rover Sport, the dealership told me about the 'launch edition' vesuvius orange and god damn did I regret not getting that sick ass color.
Reading the PCA article about this it sounded like there were so many people doing this that the majority of allocations were going to people who were never going to get in the car lol
This is all well and good Doug, but tell me more about the quirks and features.
At first I thought _Car Flipper_ means vendor of stolen cars which had been traded in by criminals...
( _Flipping_ as in transforming from stolen to legally aquired)
Doug is the best man switch....man....
Great channel, and I am happy that Ed is so good at responding to comments. I just sub'bed.
Thank you. So glad you are enjoying the content. Welcome to the VINwiki family.
Thanks! I like good car channels, especially the ones with real content and less swearing. What about bringing in Doug DeMuro for some cool stories? I'm sure he has a bunch.
Could be interesting if he took his signed contracts to court some Porsche dealers could loose their state license to operate a dealership. Anti trust laws should be enforced.
What’s an allocation and how did you secure it? How do you work your commish in with the buyers?
One of the best TH-cam channels
Doug is a clever self made made with good taste cars
Man this channel is ace!
Are the black and orange GT3RS's on switchcars the same ones you bought new in 07? lol
I am aware that the demon is not of the same caliber as a Porsche. But I saw this happen with them as well, literally 1 week after the cars were delivered, people were selling them on the side. I looked online and found 7 for sale in a 500 mile radius of where I was. Same thing with the new Corvette ZR1.
Lol this is like the keeping up with the Kardashians for car enthusiasts the intro is kinda similar
Doug is my favorite of them all
At the Porsche dealer I worked for we would watch you for a year (If it was a low production 911, Cayman GT3, Spyder, etc) and if you sold your car you would be placed on the blacklist. All things considered, it would cost us ~$9,000 in fines from Porsche if they caught us selling to someone on the list. If the car left the country Porsche was knocking on our door immediately demanding explanations. They take it very seriously. Maserati has since started to take exporters and brokers seriously too, but I would generally sell to them as much as possible.
My wife bought me one of my dream cars. It's no exotic but it is a Shelby GT500. 2008 .
Sees an opportunity, takes action. I don’t blame him
His ears are glowing... Thats why he is cool like that ☝️☝️☝️👌👌👌
where did you get all of the broker connections then guy
These need to be made into podcasts
Dude what's that G8ED license plate. I swear I just saw it in Savannah yesterday.
A good storyline for a movie or a tv series :P
Nice work
Love this guy
VINwiki I was wondering if you guys had any good references for finding what cars are sought after in other countries and current pricing in said country. Not just high end but classics and more common cars also, really anything potentially profitable.
Good question. Some other commenters might but we haven't received any high profit shopping lists lately!
I'm so confused, how'd you get the allocations?
Those GT3 RSes...damn they look good.
Porsche needs to figure out a way to get these cars into the hands of people who will enjoy them. Ford at least is trying with the GT.
Porsche should just force everyone that wants a special edition to put 30k miles on 1 base 911 before being able to purchase 1 special edition. That will put this entire mess to a full stop.
Or just raise the price like they should have done.
In the end, it still happens, just with a middleman.