The WORST financial mistake of Ed's life!
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- Опубліковано 9 лют 2022
- The original story of @EdBolian's Ruf: • Most profitable car fl...
Here's why Ed sold all his cars: • What's better than a B...
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#Ruf #RufRT12S #RareCars - Авто та транспорт
Watching it sell for 7 figures is gonna be ruf.....
Price went through the Ruf.
@@PrinceAlhorian Good thing it doesn't look too ruf.
These are ruf to read
It’s currently for sale for high six figures.
😂😂😂
Think of it this way Ed, you and that car were like a young inexperienced couple. You found each other, had one particular use for each other, and parted ways. In the end, your experience with each other helped you both grow into what you are now. You can both look at the other and admire what they’ve become.
Except only one of them gets to retire early.
Very well put sir! -🤘
You have something you want to share with us lol
Very good point, the RUF is probably just as jealous of Ed as Ed is of it
@@aZebruh as a german I am offended by the idea of putting emotions into cars. Into building them, caring for them, sure...but not making cars experience and express emotions. That would be strange. And quite the french thing to do
Ed you can't lose what you never had ,you didn't lose 700k you made 75k that's what matters
That's the idea behind "opportunity cost".
Well said
Well, technically he did have it. But he couldnt afford to keep it long enough to profit that much
@@99savage1 he couldnt afford it for long term, he also wont be able to restore it as nice as other owner did, so the 75k he made is the max he could have gain. So yeah he didnt loose out on anything
Opportunity... He missed the opportunity profit!
Ed: “I had no money”
Also Ed: *buys $80k car *
What got me is that in order to pass emissions for CA, they have to neuter the car. Cutting it down to 530HP. 😑😑 Freaking California.
I was wondering about that too. He wasn't making money, but he put a deal together to buy the Ruf car. I guess it was all OPM (Other People's Money), but still. Amazing skills to pull that one off.
most of his cars he financed and/or he may have used the money he had from flipping the other cars
@@blackonblack...9244 thats not terrible honestly...
Worst financial mistake of my life was spending way too much time watching youtube videos instead of getting a solid skill that I can use in the workforce.
Woah woah take that self awareness somewhere else buddy I’m still in denial
And yet you’re here :)
Sounds like you’re watching the wrong videos… 😂
That’s not ideal
Lol you can watch plenty of youtube videos that will help you learn a skill
I watched that auction very closely, and was absolutely blown away by that selling price!! I hate to say it, but the standard BaT commenter joke about money laundering, sure does make one wonder after seeing that end price!
Just sell me your S80 V8 please
so NFT and BaT are the modern money laundering methods
@bruh meme nfts lauder miney too, hence why a picture of a money can sell for hundreds of thousands. “I’ll give you 800k cash to buy my NFT for 700k.
@@codywiththecamera2901 man I think people will be real surprised to realize that these prices are real and people are willing to pay them. 🤷 People pay more for lambos that only a few people will see why not pay the same for a piece of art everyone can see
@bruh meme watch coffeezilla videos on laundering. Yes the top NFTs have their own value, but when a random NFT that has no demand, sells for hundreds of thousands, that’s more than likely laundering.
It sold for 434.000$ in case you were wondering.. so still a considerable price but I guess Ed was not as heartbroken as he could have been lol
Thank you, scrolled through looking for the price😊
You can't regret a good decision. I'm sure doubling your money at the time was exciting for you, and beneficial for your family. That said, damn. $900,000?
$900K Good down payment on a Mclaren F1
Good down payment on one of the girls above too!
@@greatdaneacdc 😆😆
@@greatdaneacdc lmao NO woman is worth any about of money. At 30, I have come to figure this out. That kind of money will have you a paid of large house, a couple of nice vehicles, toys like boat/dirt bike/atv, etc. Most women, especially the garden tools above, are about social status. Just show them your materialistic things that don’t matter and they will put out. Take a few pics to make it appear they are desirable, and live a life style they couldn’t obtain on their own, and use their temp looks before they hit the wall. Don’t ever think spending money on a woman, in this modern era where she can make her own money, is ever a good idea. Period lol have a great day
@@rayman1230 dude. Who hurt you?
As a Ruf VIN RT12 owner, I'm happy they are finally getting love but annoyed that I will now have to insure it for that much.
well..you can think of it as a higher maintenance for something that is worth $$...you'll get it all back when you sell it one day lol.
@@NicholasTJR LOL he wont get shit back when the market correcrs itself. If the owner has a single brain cell he will get rid of it right now
Sort of the car equivalent of housing market improvements making your house more valuable, but jacking up your property taxes. No! Go away, urban yuppies! Stop making my tiny woods town a Destination!
Ed has been taking lessons from Doug Demuro on thumbnails, because this one is absolutely perfect.
This one hurt a little
I kno the feeling
But I don't think it's a mistake
It's just a matter of timing
There was no telling it would be like that
A little, you say?
In my opinion as outside observer? selling it was probably the best decision!
As you said in the vid... what did that 75k finance? Didnt get that early flip? You wouldnt have had as much time to focus on vin wiki or the early car stories that blew up the channel.
Sure, you might have had the RUF now, but then maybe not any gated murci, or the chance to sit where Hilton sat.
Plus, as you pointed out, it took over 50k just to get the car sorted? So you would have had what... a year at least of a terrible car? And then just sitting not being driven leading to more problems? That is the type of experience that kills the automotive passion. You would have had a million dollar RUF, but most likely not the love of the hobby you have now.
Edit reply: If will be at the auction for car trek 7, I think your story could help the value, plus the bit of personal reflection after would make for a very interesting side narrative as part of an episode. The three of you talk about the cars you had to "let go of", I think would make for an amazing segment for an episode.
Just other day here, Tyler did a vid just about that with Buick vs Merc Diesel
There is never a bad time to take a profit you did well!
When the tax rate on gains is 40%+ is not ideal, but yeah...
Well said...
Nobody ever went broke making a profit
When I was younger I remember wandering around back of Lamborghini PB and seeing the black RT12s. It was filthy and in dis-repair, parked next to a totaled gallardo with a tarp over it… was in complete disrepair, insane how things can change
You have the right attitude. I have seen the same thing with houses. Back in the day you needed the money, and it helped you to sell the car, and now you're a better person for getting that money.
Don't think I've ever seen money make a person better, but okay.
maybe I'm just cynical, but I have a feeling that white RUF sold at the price it did to manipulate the price of the black RUF being sold at auction. Then they will sell the white car again if they get get a good price for the black RUF, for even more because the price has now been established. There is no other reason to pay that much for the car.
err no!
cool conspiracy theory, but that would be a very very risky and elaborate gamble. some professional con artist type job
@@BeastModeXCIII "Some professional Con-artist type job"
LOL
Basically the definition of the used car auction industry.
Stupid people with too much money that hate to lose and who are constantly on their phone. I think it was more like the perfect storm of technology, money and personality.
Once a shrewd negotiator always a shrewd negotiator
"Right around dieselgate, and they make it pass" (wink, wink)
I bought a rare Webley-Fosbery Auto revolver for 275 dollars and sold it for 450 dollars when I was hard up for money (a constant problem for me). Thirty years later it was selling for 10 grand. And yet I still miss it for what it was (coolest pistol ever, you can see one in the 1942 Maltese Falcon with Bogart) not what is now "worth". The problem is that so many people get so caught up in refusing to sell except for ridiculous numbers more because they are terrified they will get "beat" on a deal rather than actually selling for what the item is worth "at the time". Ed's deal is just part of the timing of life and you can tell he really isn't feeling bad about it, he knows that the deal of a century comes by every week when you are wheeling an dealing and Ed is a wheeler dealer.
ive seen them go in mint condition for 30k before
sold my 1M back early 2021 for $65k... now I see one sold on BaT for $100k, i was quite mad at myself for that one 🤦🏻♂
Everything happens for a reason my man. You have gotten way more outta that $174k than you could with a $1.2 mill today
I imagine the degree to which these videos can sway the outcome of an auction is pretty significant
You never get hurt taking a profit, Ed.
This market is getting stupid. Pretty much none of these cars are worth what they’re bringing and it’s becoming impossible to get into the hobby at this point.
Things are worth what others are willing to pay :)
I got 8k to turn in an f150 lease 2 months early this year. Probably the only car deal that I didn't get absolutely bent over on in my life- a less shrewd negotiator
imagine making money and still being pissed off
I love seeing all the new VinWiki videos, keep em coming Ed!!!!
Ed, if it makes you feel any better, my dad had the opportunity to purchase a 1957 Testarossa TR250 for $5000 back in '67 - Chassis 0667. Go look that one up. I have a picture of he and his roomate driving it in their college yearbook. Sigh.
My dad passed up on trading a clapped out truck for a clean 3000gt and he also passed up an 87 supra with a 1jz that was tuned like crazy with a blown head gasket for 400
My dad bought a bmw 3.0 csl for 6k and sold it for 9k in the 90s. Considered it quite profitable then but they've exploded in price since.
@@itsmejak7888 NOOOOO some of those are a million now
It’s funny to hear these stories. My dad pasted up on a Aston Martin DB5 for $2000 in the 70s. It was the owners car that sat outside cause it was the cheapest
Chassis 0666TR is the prototype. So I'm assuming that 0666TR would be the 2nd one ever made. Correct?
The Ruf the Ruf the Ruf is on fire 🔥
Oh Ed. I am so sorry. My prayers are with you in this trying time.
😂😂😂
ROFL
u didn't mess up, you did what you had to do, when you had to to it. Thanks for the channel.
that price for white car is 100% scam
Sometimes got tired of laundering through NFTs. You can at least drive this.
Just like the 400k 570s.
Last time I was this early, Ed was borrowing money from his wife for a Ferrari 😂
Gotta love car dealers that don’t know cars. About a decade ago, a Chevy dealership near me listed a low miles GT2 as a 911 Turbo for $45k. I raced over, found it in the lot, quickly looked it over to make sure it really was a GT2, then found a salesman. Somebody else had just beat me to it and cut a check for it. The salesman was surprised it was so popular. They had just listed it.
What always shocks me more about stories like this is ok, so the Chevy dealer didn’t know what it was but what about the owner who traded it in? When they gave him what would have been a low ball offer he didn’t educate them on what it was they were looking at and instead took the shit offer? I mean it’s not like Chevy had any amazing car back then that someone had to have so bad that they’d say “fuck it, I want this so bad that I’m ok with them stealing my trade”
Stop lying
Why are you lying?
Thats when you say: “That’s nothing..!!”
Ed.. you're taking this is stride... I personally have eyes full of tears for you sir
Ed, I can do you one better. My grandfather dealt in military surplus aircraft and I had worked off a few planes over the years.But when he passed away I had to sell a nearly complete P51D that had great history for $157,000 because of greedy family. Later I also sold a T6 Texan that was airworthy for $31,000 a few years after the mustang sold to fund the others.It hurts seeing them selling in the 4-5 mil range now. But selling it then saved what I have now and the first restoration on a F4U Corsair is almost finished after 12 years. Plus we're already working on the P51C because we had covid delays on other p7
Selling airplanes at car prices?
@@haydenroyer that was 1 or 2 nice houses at the time and enough left over for a 172 RG was just under$20grand new. Now a base 172 with fixed gear starts at half a million
“The best car to have next to a Murci is more Murcies”- Ed Bolian 😂😂😂 That literally made my day 🔥😂
OMG.. i was just looking for RUF cars for sale and saw one "Matte black and borwn interior price upon request" nice
Ed looks like he's a missed haircut from being the Tiger King in the thumbnail.
Happy Gilmore accomplished that feat no more than an hour ago.
I 1985 I bought a pair of De Tomaso's:-a Blue '71 Pantera GTS with a 351/ZF-5-Speed and a Green Metallic(??)'67 Mangusta with the 302 & the 5-Speed ZF. BOTH Cars came from the Son of a then prominent New York City Lawyer. I paid $7200 for both or,$3600-a-piece. Still have them,never restored them or had them painted. A year later I bought a 14-Thousand-Mile '69 BOSS-302 Mustang for $75. I still have that also. Ironically ALL 3 Cars were sold at the same Dealership:--Rice & Holman Ford-Lincoln-Mercury in Pennsauken New Jersey. The most Money I've EVER spent on a Car was the Gold '70 Nova 4-Door I bought almost 7 Months ago:--Paid $9500 for it! Nice to know these things will ALWAYS be "Worth"(??) Money. I STILL catch Hell for buying that Nova though.....
You can't win them all, but if one is shrewd & savvy enough, you can avoid financial disaster.
Another fascinating presentation, delivered only as Ed can.
The car ended up selling for 434,000 USD if anyone was wondering
Thank you!
Amazing story! Makes me feel better about my own wins/losses, thanks for sharing!
Great story Ed!
Some of these aging hero cars are really getting out of hand with prices
Great thumbnail pic, and excited to see Ed's reaction to the Ruf sale in car trek perhaps?
Nice Tiger King call back... I approve!!
The RUF dealership in Dallas, (RUF Auto Centre) was a customer of mine, they are now RAC Performance -- a great Porsche shop and pre-owned dealer. I've driven a couple of RT12s. Amazing to drive.
Sold for $434,000 USD at the Amelia Island auction for those interested.
The thumbnail looks like Ed got surprised in a prison shower.
all you hear when you open ed's garage is rick ross screaming "LAMBORGHINI MERCY"
Love listening to all your stories Ed!!!! I could listen to you narrate a camp fire burning lmao thanks for the content!!!
You can just tell Ed is sick to his stomach 😂
I bet your head went thru the ruf when you saw that sale price.
1 in the bag, man. you never go broke taking profit.
Looks like it sold for $434,000. So much for 7 figures.
Thanks for another great story 👍🏻
It's not a mistake. You can't assume that a car is going to appreciate, in this case, to the extreme. You made the right decision at the time for you and your family.
exactly, everyone's earning is already written by the one and only God
That's awesome! I worked down the street in 2012 at Palm Beach Infiniti. It's so cool that this went on a block or two down from me.
Your RUF is for sale at Rosner Motors in Vero Beach FL
910k… that’s literally a moment you go, “welp, HO LEE SH*T”
Think of it this way ed, you would have had to put a lot of money that you didn't have at the time into the car for it to be worth that much
Never new there was a RUF 997
The same guy who bought the white Ruf on bringatrailer was bidding on my Ferrari 250 GTO fender that recently sold on Bringatrailer.
Think of all the stuff we had as kids growing up that turned into crazy expensive collectibles. You will get your $700k back with how many N/A exotics you own.
Just an update, Ed's RT12s sold for 434k at Amelia Island
Great story Ed, oh to have that crystal ball!
Ayyy I can finally watch one as soon as it drops
Excellent one VINWIKI! Way to view that mind boggling "loss" ED! Never would have seen that kind of potential return! Can't wait to see the video after this one sells! Have a great day everyone! -🤘
"Worst financial mistake"...doubles his money
Old fella that owned a coin shop once told me anytime you can double your money it’s a good move. We all know there is no circumstance that you would have kept the ruf this long!
I was watching that auction too and I let out an audible gasp when I saw the hammer price! Nuts!
He’s taking thumbnail tips from Linus Tech Tips lol
Still, it made you go through 2 years on its own.
Each BMW I bought made me lose 2 years of my life, I'm up to 8 years now.
Again someone makes 200% on car deal and everyone thinks it's cool....but I try and make 2-3% on car deals and I'm considered a bottom feeder and a liar and I rip off all my clients
When you drive these in Gran Turismo and you adjust the suspension settings on the Nurburgring, no matter what you do you can't ever get the RUFs to behave to the track. I've driven many miles on these and it's all the same story. Still some of my favs rear engine track cars, but man are these death machines!
Yeah that's gonna hurt Ed, Rj in Oz, 3:50am here
that thumbnail fits perfectly, new series "Ed exotic: snake king" coming soon?
I saw Yellowbird in a garage in Hollywood Hills last summer, it wasn't until I did a second take that I realized it wasn't a Porsche!
That number made my jaw drop holy cow
In the infamous words of Homer Simpson… DOH!!!!!
This is the most casual i have ever seen Ed
Sometimes a little money today is more valuable than more money later.
Wow! What a story Ed. That's why we watch Vin-Wiki.
Not even close to $910k in value...
The worst thing about this is how out of reach anything interesting is getting, Hoovie has been saying the same thing recently.
even the starter fun cars are so far out of reach for young enthusiasts they are gonna die out.
About 8-9 years ago I saw a rotting mr2 when i finally was able to look at buying one they had jumped 100% went from a daily for around 4-6k to a parts car no panels for 4k and one that drives for 9k+ anytime
Yup. I'm really into Golf 2's in particular. I bought my GTI Edition One 5 years ago for 4,5k (mind you that was already A LOT for that car in the condition). I recently checked listings and even non GTI models are sitting at 6-8k. For a fucking Golf
Without going back to old videos, can anyone remember precisely the old intro song? I can't.
Sold for 434,000 USD, if I´m not mistaken.
I see Ruff RT12 in pic I click. If I ever get diagnosed with a terminal illness I will do whatever it takes to get one.
That's right be happy. Your definitely winning Ed. Love Vin wiki. Got to have Chris back soon. I like his stories
One of the best story tellers 🔥👏👏😎
Proof that the market is STOOOPID right now....
The video game made that car a legend... I think it's why car companies have some amazing cars in these video games. Imagine the bidding war to have the best car in the game ?.. Amazing as always Ed.
The car only sold for $434,000
Not quite 1 million but still a lot of dollar bills
Weirdly, California clearance models can make more because California has many extremely rich people. It's why a house in downtown Fresno will cost more than downtown Atlanta.
That car birthed Vinwiki basically. Wow the irony
Can't wait for the next cartrek, I have a suggestion for the next one. A "crap to Cool" challenge. You have to buy each other the uncoolest car possible (think 80s Volvo type car). You then get 1 week, $10000 and a shop of your choice to help to make it cool and prepare it for the challenges. Just a thought
This is my local dealer Brad. This is a small world. Had no idea it was yours Ed!
Feel bad just knowing it’s sold for a lot more than it’s original price
$900k for a modified 997 turbo with the front diff removed? Yeah, Imma go save $300k and pick up a GT3RS 4.0