Repossessing Jermaine Dupri's Lamborghini
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- Опубліковано 4 гру 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
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
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.
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
"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!"
🗣️🗣️🗣️🗣️
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
😢.
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
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
I can listen to this guy all day. He’s a really good story teller.
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.
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
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!
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 UA-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.
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
"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
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
What he's saying is, people were flossing and couldn't afford it.
👍🏾👊🏾✌🏾🇳🇬🇺🇸
Anyone over 20 , that means they can't afford it.
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
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 🤣
Thank you jesus a reposession story and ed bolian my day just got awesome
Never pressed F5 so many times in a row... =D
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.
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.
I remember seeing advertisements for Uberballer wheels in DuPont Registry years ago. Never saw them in person though.
When I see @edbolan in the description I know it's going to be a good video.
3:50....”a lot of them were from local Atlanta rappers”....no way, I don’t believe you🤣🤣🤣
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.
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 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!
😂😂😂😂😂
Uberballer wheels - A product where you know the seller is making fun of you - Oh Ed you the man! LMAO 🤣🤣🤣🤣🤣🤣
I cry for those that couldn't afford to keep their 200k+ cars
Maybe he made it rain a few to many times lol
Saw the title and knew this would be another Ed Classic!
So So Definitely ruined his lambo
Best comment ever..
Lol . Few will understand this common
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.
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.
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.
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
This is one of the coolest subs on UA-cam. These stories are priceless and it's great that there's an outlet for them to be told on a large scale.
Ed, I remember asking for a video on the Great Recession and the luxury car market a while ago, thanks for making this
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
This channel really delivers. Love the stories.
But I have a hard time feeling sorry for down and out Lamborghini owners.
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!
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.
At least with a rapper, you can go after the co-signer as well.
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
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
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.
Good vinwiki to start my day gonna be in traffic with all these car crashes
If you have to borrow money to buy an exotic car, you can't afford an exotic car.
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
Dude I’ve learned soooo much from your videos keep posting
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'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.
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"
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
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
@1:00 that's an image of the C&C event in my neighborhood lol.
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.
Jermaine Dupri.. Ed’s best customer !
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!
Well, this an awesome episode. They really get to the story and never make it so much longer than it has to be.
Something about Ed that makes me stay to watch the whole video 😂
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.
opens video "please be Ed, please be Ed"
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.
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.
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?
Ed really has a knack for making super sketchy business transactions not sound super sketchy...
Ed and Rabbit tell the best stories!
Haha.....I used to detail these cars for Ed...Never new the stories behind these cars....Good stuff.
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
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.
Though speaking steadily without pause, he never seems to inhale a breath. Facinating.
i’m going to be honest that yellow lambo with those “ridiculous” wheels actually looks ok.
If you put Uber bowler wheels on your car it should also come with a sticker that says I can’t afford this car
Crazy story about Vik who owned the lambo dealership. He actually got off with it! His case was dismissed.
Great content, as always Ed. I dream to have an exotic one day.
That uncanny moment when Ed makes a video about repossessing and I just bought a car literally 2 days ago while still being in college on a retail salary XD
ED B. IN DA HOUSE!!!
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
8:42 they named their Indian restaurant NaanStop 😂 😂 and now I’m hungry
Ed's back with another great Lambo story!!
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
More stories like this!!!
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
You are an amazing story teller.
Now the new exotic car flexers are youtuber vloggers . Lol
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
fascinating interview, sharp dude
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.
Man I wish I had those über-baller wheels on my ex-Smart ForTwo. Wouldn't have been able to come over their own rolling resistance...
Janet Jackson can't pay the bill....lol
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.
Sounds like such a fun time to work for an exotic car company.
So so broke - Jermain D! Lmao! Great vid Ed!
Replaced the clutch every 8-900 miles 😳😳😳
So he is obviously an idiot.
Ed, o love your vocabulary. Such as the word "erode". I dont think I've ever heard someone use that word until now.
The whole economy/lending/repo/sales catastrophe is pretty interesting to me. There should be a documentary made about it.