How we turned a TERRIBLE BANK REPO into our BIGGEST PROFIT yet!
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- Опубліковано 29 жов 2022
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How to dealers price thier trade in vehicles wholesale cars auction cars using KBB Edmunds Carfax Autocheck Manheim MMR pricing How to buy and sell bank repossessed cars for profit get a dealers wholesale and auction license how to start a car dealership fix cars make money selling cars How to bank repossessed repossession reposession auctions work how to trade in or turn in your car if you owe too much on it - Авто та транспорт
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Craig sells out his family for his God, the Almighty Dollar. If it was an occasional thing that might be one thing but this is an all the time thing. Don’t listen to this crap about how much he loves his family. There’s only one thing he loves. Well there’s several things that he loves he loves the almighty dollar, he worships it and he loves all the possessions that he buys to impress other people because he doesn’t realize they don’t really give a shit.
Wtf dude 😂
@@wchristopher444 WTF?? WTF is your problem dude? If you don’t like the truth, that’s a personal problem.
Another one 💪🏾💯 respectfully the videos are still great without German ! We miss him but the show must go on . I’ve been watching for almost 3 years now and the one thing I learned is to keep pushing no matter what !
That’s bs bro obviously you haven’t watched any of his videos 🤦🏾♂️ The man brought his family to ninja warrior, got this family a vacation home , a boat to enjoy , a lifestyle to enjoy from his hard work . Bro watch some videos before you start accusing
This is the best detailer I've seen in your videos in a long time.
Yes, now that is truly professional, using a ozone generator. Most people, even in the trade have no clue what a marvlous job they do with objectional odors. After fifty plus years in the trade, I'm not easily impressed, the fact that I subscribed means I'm impressed. I sure don't have to mention honesty in the trade, but nothing impresses more than knowledge, honesty, and integrity.
I wasnt financial free until my 40’s and I’m still in my 40’s, bought my sixth car already, earn on a monthly through passive income and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing is a grand choice I made. Great video! Thanks for sharing!
Very inspiring! I love this...
Glad I came across this comment section. I was struggling to decide what to do with a good amount of money in the bank doing nothing. I would be happy if you could advise me, as I am ready to go the passive income path.
@@eadad4371 Alright so generally, investing requires higher knowledge. For this reason, It's important to have a solid support structure (financial consultant) to guide you through especially in asset picking. I operate with (REGINA LOUISE COLLARO) an investment advisor who partners with a licensed wealth management firm. For the record, the experience has been the best for my finance. She is quite popular for her services so you might have heard of her.
She made me financially stable investing through her help, now I earn on a monthly basis through her passive income strategy...So I’ll advise you do get a good Investment advisor for yourself.
@@skoopqueen. That’s great , your investment advisor must be really good,I have seen testimonies of people using the help of investment advisors in making them more financial stable. Do you mind sharing more info on this person?
@@eadad4371 look her up on the internet and leave her a message she's quite popular for her services as she was recently featured on cnn. She can work with anyone irrespective of where their located
@@skoopqueen. I have had the intentions of starting investing. But I always thought it was late and I think I need to stop procrastinating. I will definitely 🔍 Regina Louise Collaro and see what she can advise .Thanks a lot . This was of so much help to me .
I just found this channel and i love it. Good story teller, and very bright, and uses his intelligence for good. Keep it up flying wheels!
I learned a trick to get animal smells from vehicle interiors while managing a Chevy dealership in central Pa 20 years ago. Automotive Satellite Television Network (broadcast to vehicle dealers) would have shows with all sorts of tips and tricks on reconditioning and this one was from there. Buy a can of ground coffee and an apple. Cut the apple into quarters and lay them on top of the opened can of coffee. Put the can centrally located in the vehicle and leave it inside for 24 hours with the windows closed. It will take most of the animal smell out. I don't know why it works but it does. It's cheap to try so give it a whirl.
How cool! I just looked it up and coffee and apples are natural deodorants! Should I put some coffee in my shoes?😂 It's weird the little facts that stick with us over the years. Thanks for sharing this story.
😂 video editor going heavy on the zero’s in some of these numbers. $140000… $250000. 😂😂 love the content. Keep it up.
The fact you repair cars properly is such a benefit for the buyers. Too many scammers looking out for themselves and no care for the buyer. More detailed videos on how repairs are performed would keep me happy. Just like the details on bondo and spraying products. So happy I subscribed
Like, you actually want to see the service being performed?
@@FlyingWheels yeah I think you’ll get loads of comments of the people which think they can do better. Plus you can add additional videos with work performed longer with details and another video same vehicle with condensed work with results. Viewers can chose long or short version. Double the chances for 👍. I’m always looking for tips on fixing car issues and I enjoy your flipping experience. Just some thoughts
Really enjoy your videos. I spent many years in the car biz, especially in the wholesale world. I get everything you discuss in your videos. They are a lot of fun to watch. I haven't been in the biz for over 25 years, but an still passing your videos on to my old boss!
On the seat you could have just went to the pick and pull junkyard. That guy did a really good job on cleaning up that car. Same thing with the carpet I would have just went to the Pick-n-Pull and just grabbed a whole new carpet or a different carpet that might have been stained but not ripped.
I like Greg he understands money isn’t everything. He’s a family man also.
That Tahoe paint and rim work outcome was quite satisfying to watch. Hell, it looks better in the rain. Awesome job!
The thing is you still lose precious time with the family but instead of making $10,000 you only made $21 an hour so it’s still well worth it keep it up man hope I can make my dream come true of owning my own used car dealership
I enjoyed your videos! I buy a lot of cars and I truly appreciate an honest dealer! I saw somewhere that your kid wrestled. Mine also, most. of my vids were his highlight videos. Awesome job!
You sold it right! You helped someone get into the car they needed. Please don't change your heart. You change lives by doing what you do
Such amazing content cant stop watching TY Sir
Don't be down on pets. That's the way it is. Cars get dirty, cars get used. And most pets don't do that kind of damage anyhoo. Hey, you got a great buy because of the pets so ....! Great vid ... super job by Next Level. Perfect name. It seemed like you didn't count all the expenses on that Tahoe. You did a few seats but only accounted for a few bucks. And that full detail? And the spray paint and small rust remediation... anyhoo, great job!
Hey Craig I have a 1972 Suzuki LJ20 hardtop and I was wondering if you knew where to get door seals and parts at thanks for reading this and if you know where to get stuff please let me know thanks
25000 was a good sale. You could have gotten greedy BUT it would also not have sold it that quickly. Good work!
What do you look for to make sure you don’t run into problems with DOD and AFM? I’ve heard there is little to no warning when the valves collapse.
where is the detail fee in that total ? even tho you plan to write it off in taxes but for now it was a expense, what about shop over head and employee salaries
Thanks again for the update
Nice video Craig when you coming back to Richmond luv the show
My dad worked in a dealership and he had a pretty good pet story. A customer leased a brand new (at the time) 2000 BMW E38 750iL and they had two Great Danes. As Great Danes do, they slobbered all over the place and absolutely ruined the interior. Keep in mind it’s a 750iL so it had heated seats, power everything, and very expensive leathers and alcontara in which the seats were made of. The customers turned in the lease and the dealer told them they owed $12,000. The customer was outraged saying how the car was ‘perfectly fine’. The dog smell as well as the damage to the interior was so bad that the dealer essentially quoted them an entire new interior. It’s safe to say they ended up keeping the car after that lol. Dogs are cute but can be very destructive
Imagine being such a prick you destroy the interior of a car and scoff at the idea that anything is even wrong with it.
Dogs will ruin cars! The smell is something impossible to get rid of! Much worse than cigarette odor. Why people haul around smelly dogs is something Ill never understand!
Great videos, please keep the videos coming, im currently deployed and i look forward to watching you, im an avid car flipper in RI so it helps me to escape the reality of what im in, so thank you for making this content
Will be repo city soon lot's of negative equity
I used to be a dealer in Florida I can send you all the trucks you want that are not Rusty from Florida I still have connections
What part of Florida?
Need a 4wd... winter is coming in ny
Yea, how about those cars from Ft. Meyers!
@@billhann3018 you'll be able to tell by the corrosion on the bolts and different metals around the vehicle. The salt water usually destroys all the electronics.
@@kevincribbs1490 absolutely.
Especially because it will be very obvious that there will be super rust heads of bolts or super over corroded connectors and stuff like that.
Did you add the $450 detail in?
What company did ur seat covers Craig
Local Chevy dealership might be able to get you a matching carpet for less than an after market same thing for the seat as it’s only a leather looking seat cover
I learned a lot ! , Thanks.
I brought a few repos that I got myself & man some destroy the vehicle & just used them for parts & made a killing.
That ozone generator is the best at killing odors in cars. I love mine
I’ll second that, I picked up one last year and used it in my car for the first time a few weeks ago, I hadn’t driven it for almost a month and a bunch of mice got in and it smelled so bad and the smell just wouldn’t go away, but I used the ozone machine and after letting it air out for 24 hours it has absolutely no odour anymore. Got to be careful with it though, that shits not good for you to breathe in, have to let it completely air out after using it
I’m shocked you don’t have a dry ice cleaning machine to do your detailing with I heard they do an amazing job Love the channel keep doing what you’re doing
great stuff thanks
The whole repossession of vehicles is a dangerous game of Russian roulette. The second largest debt with Americans is vehicle loans, I think is at over a trillion dollars. If that bubble pops, we'll have another 2008 recession.
Hey Craig, I love the videos man. Thanks for putting out great content. My question is, do people not care when they see that the vehicle they bought had bondo, plus paint touch ups and all other kinds of work done to it. Do they not care when they find the video or they just don't know about it?
I’m thinking the same, kid Craig is to honest lol
Craig do you mind sharing the information for the upholstery company that redid that seat for you?
Nice Job !! ............ Bless
I need to buy my next car from you, such good service.
Thanks for the Free Advertisement for 3M.
You knew you weren't gambling on this car
Where do you steal those paint stir sticks from?
Craig , you forgot the cost of the detail $450, but still a sick profit. Two Thumbs up 👍 👍
Exactly
He forgot more than that, would like to see the TRUE math. Good vid though.
Our equinox is rental car silver, why is that because we bought it from enterprise while renting a car from them lol!!
How do you turn off air bag light off after seat removal
Ninja warrior? More details please 😊
You seem like a man with integrity
so you painted after being waxed ?? wont the wax stop the paint from sticking properly and peal off after time ??
scuffed where we were spraying first
Weather tech floor mats all around
Or 3W floor mats for a better smoother look.
Unecessary expense and wait time, the new owner will be happy to do upgrades like this if they want
Great videos Craig, but grinded is not a word. You should state it was ground down.
Craig, if you want to get that Hummer running? Call Ivan at Pine Hollow auto diagnostic in State Collage Pennsylvania. He does travel or you can bring it to him. Oh! He does have a UA-cam channel also.
I really think you should invest in a sewing machine for the repair of interiors, pulling a panel out and replacing it not a big job at all
Car market is collapsing right now.
Do you not clear over the areas that you fixed?
How many miles
23:51 I think your editor added an extra zero on accident lol
I always want to encourage you. Please keep making these videos. They get me through my day. So thank you. It's very entertaining
Kids sports are boring, making money is most important
Great video.
Love to see good people making money!!!
Thank you!
you forgot to add 450$ for the guy who gave it a top cleaning at the beginning :)
Thank you! 🙏
Thank you I learned something keep up the great vids
Congratulations bro
Anyone else notice a snake in the Hummers wheel well at 2:41?
where the hell is the follow up video to the southern auction when you brought them home?? like the PT cruiser turbo??
Invest in a steamer !! That woulda took off the tuff stains in the interior !
I’d be pissed if I bought and found out it had spray paint everywhere even in the rain you can see it wasn’t a perfect match
Its going to look like complete shit sprayed over bondo in less than a year.
The buyer picked it up at night too. Wait until he sees it in the light!
As someone who has been in the autobody industry for 20 years this video was infuriating to watch lol. This is the defintion of Hack.
The buyer was there in the day time left after sunset by the time financing was done and bought it $7k under retail. Yes, it could have been done better but then price would be higher, would sit longer, and cost me more money 2x
@@FlyingWheels See where your coming from. Gotta make a buck. But man that one got me. I couldn't have lived with that but I don't own a car dealership. Also that Cadillac carpet is super good stuff. Dunno if you could have found a used one and power washed the hell out of it to clean it. I've seen my cousin cleanup some pretty terrible Caddy carpets in his detailing business. BTW Been a user of a Ridge wallet for about 3 years and love it. Congrats on the sponsorship
Craig did you include the auto detail cost in the final numbers ?
I forgot about that
@@FlyingWheels ok no a big difference in profit for you nice score please keep up your videos..
Was this Tahoe a green light lane at the auction?
red light over 100k miles
Should be able to get replacement seats for Tahoe at junk yard.
Great video as always, Craig. I really like those Ridge wallets!
try to find a factory floor matt to cover that hole in the carpet
I would get weather techs to cover that carpet
Nice Score Great Video Thanks A+++++🐈🐈🐈
Junk yards or puck a part has parts for vehicles
Craig that finger looks like it hurts!
Lesson 1.....craig loathes dogs.....check. Lmao
I would've just replaced the whole carpet pad. Not expensive at all.
What's up guy it's Craig here from prescription opioid pain pills, I mean flying Wheels... My bad wrong type of "dealer" lmao 😂😂😂
Detailing cost?
$450
Hey Craig, great vid, found the text pop ups unnecessary and wrong. They have 1 too many zero's, it says 130,000 should 13,000, same with $140,000 should be $14,000, same with $250,000, should be $25,000. Keep up the good work though!
Yes, please stop it, very distracting and just too many
Thats badass but can someone chime in and let us know how does one pay taxes on such deal or deals? How much of that does he get too keep 🤔
Hey Craig, a CT dealer here. What lenders do you primarily use? More specifically, which one booked the Tahoe at $32k?
What is your company tax rate that comes out of the profit as well plus all of the rest of your business expenses
Hello Craig, I’m in Danville a lot; my father lived there since 1989. I work with remote starters and car keys. What’s up with the disassembled steering column in that H2? You said two GM mechanics failed? It’s just Passlock II on that vehicle; old and common technology. Need help getting it going?
Purchase price is 140000?
How much do you pay the mobile detail guy? Edit 450 dolla got it
That man said he got a bath mat and a ripped seat😅
There are Colored Car Waxes...that help cover scratches. Works surprising well for a quick, inexpensive fix. Once the colored wax gets into the scratch, it stays there , until you wear it off.....any dark colo wax, will hide the white key scratch.
(Yes, I know it is not like a repaint, but for $15 and 20 minutes time, its good)
Love it! Very cool ride
Nice job 👍
Thanks 👍
Craig, Craig, Craig.......Do you not how to make the interior smell like a new car???? Got yo your local Hobby store or leather shop and get a bag or leathers remnants, then place them in the car for a day or two. Waaa Laaa new car leather smell. I've done it and works awesome. Give it a try.
This one needed an Ozone wipe. I don't have an ozone machine but Craig does. I don't do very many disaster details these days.
Congratulations
Do you count the labor in your total?
that would be normal overhead (I.E. cost of doing business)gross profit versus net profit
Oops I jumped the gun there you did tell the miles 129,000 that’s great
Worked for Manheim Auto Auctions. Picked up cars ftom dealers, leasing companies and Banks. I know what your seeing. Video doesn't do it justice.
I checked out a Ford dealer in the Boston area and they had a good amount of used and new inventory on the lot so they are getting a ton of repos /trades and coming off 2019 leases
Any one can Buy low and Sell High, You don't need to go Yale Business school to do so, If anyone want to do the same go to your local Dmv get an application for a dealer fallow the instructions pay about $800 in fees and you can do the same as this Guy
if it was all just that easy...
The thing about missing wrestling, dinner with the family etc. It's a trade off: do you want to be able to provide the food on the table or do you want to be there and eat Kraft mac and cheese? Does your son like wrestling? well you could watch him play in the backyard or you could be out making the money to pay for the wrestling.
I forfeit a LOT of my social life to run my business, it's a trade off.
all true.
How is the market coming back? Prices are still outrageous lol..