this guy is very correct. keeping fixed expenses like ornate, fancy high in overhead cost may work in good times but become a liability when business slows. these cost are fixed & cannot be reduced.
@charlestonpinballarcade my mom & dad had a dodge store in Cheektowaga n.y. my dad had to be a magician at controlling cost. my brother Lou & his wholesaler friend Bill had a practice using adessa to wholesale cars. I would watch the books. e.g. we would have $1,000. cars on the books for $12,000. my brother was great at accounting. sell 1800-2300 cars a year. in 12/1988 we had less than $1,000. in cash in the bank. Lou is retired in luxury. dad died in 2015. broke. enjoy your yacht lou.
@charlestonpinballarcade by the way I love pinball. being low on funds I figured a way to turn the crank on the free game wheel at college. not sure bally, gottlieb or Williams pro football. in 1979 a department store went our of business. I bought a almost new playboy & kiss for $150. I was in heaven for a little time. Lou had to have both of them he never played them.
@charlestonpinballarcade one last thing. we were one of the first dealers in the country to have the monster i.b.m. accounting system in 1969. watching cost. my dad would cut the print out paper into small squares & fasten them together & pass them out as note pads. he figured he could save $600.-$800. a year only to see lou steal that also. my mom & dad & my cousin Sal & brother Joe had a c.p. & dodge stores. they were great dealers. they made mom & dad millions only to have it go into lous black hole. dad put lou in a 60 year old Ford store in 1969. almost no overhead, established customer base, parts, service on dad's signature. it took lou less than 2 years to tank it. plus a unpaid n.y.s. tax liability of $40,000. that grew to over 1 million by the time dad found out 20 years later. the end.
Reliability... for my 40th birthday, I bought a sweet Land Rover Discovery HSE Luxury. It was very luxurious, sitting in my garage, on its way back and forth to the dealership for warranty repair after warranty repair before being shot at less than 60k miles. So now at 43, I'm still driving my 19-year-old Honda Accord EX-L V6 w/navi I custom ordered with a 6-speed manual when I was 24 years old. Very advanced for its time. It needs some work now, but I'd rather put $10k in a proven vehicle, that I LOVE, than buy some new garbage that could be rendered obsolete by SOFTWARE UPDATES! I hope you had a good Thanksgiving!
In my opinion…. These places don’t want your money. They want you paying the financing deal with the bank. I have heard JDByrider is the same. These places try to take advantage of people.
@@drfalcon4102 buy here pay here. you sell a high mileage piece of junk with 36 months of payments held by the seller with $1,000. down which is your cost. in 6 months it is junk so you end up with no car & 30 months of remaining payments.
@@charlestonpinballarcade oh. I almost forgot. I would have had a guilty conscience for playing that damn "pro football" for free but that machine was a thief. free games were unhead of. when the other kids would gather In awe to see 16 free games we would give them away only to say we had a good ball. they did not complain. we always shared the wealth.
@@jeee1074 I really don’t know how they are selling enough cars to stay open. The entire dealership model is a scam from top to bottom… and unfortunately so is most of the used car market. This might sound old man, but there’s soooo much crap technology on cars today that make zero sense to have. Most of these features are in my phone. Just keep the car basic, have a dock window mount for the phone and done.
@@jeee1074 let me ask you @jeee. if I gave you a dealership for free today & one million in cash but you had to keep it open for 10 years would you take it?
my mom & dad had a choice of a Studebaker & a car his friend described as a cockroach in 1959 he chose the stupidbaker. I was 10 in 1966. I put the 1966 brochures in the rack in the one car showroom but we never got a 1966 car. dad used to park the new car Inventory in our back yard in Buffalo to keep overhead low. cockroach? that was a v.w.
@@AidanVilleneuve by any chance are you talking about the Northwood mall in midland Michigan? I went to a stupid college called Northwood institution. now it is called Northwood University. my parents thought it was a mental institution. imagine their surprise when I went home with two degrees. they call it a non profit. a legitimate name for a money laundering operation.
you're right it was a Porsche dealer and next door was Subaru!
Oh! Yes!!! The faux stone wall! Subaru dealers all had that look after remodels of dealers about 20 years ago. Good info. Thanks.🎉🎉🎉
this guy is very correct. keeping fixed expenses like ornate, fancy high in overhead cost may work in good times but become a liability when business slows. these cost are fixed & cannot be reduced.
Nailed it!! Thanks Mike! Glad to see you in the comments. Thanks for watching. 🚙💰😂
@charlestonpinballarcade my mom & dad had a dodge store in Cheektowaga n.y. my dad had to be a magician at controlling cost. my brother Lou & his wholesaler friend Bill had a practice using adessa to wholesale cars. I would watch the books. e.g. we would have $1,000. cars on the books for $12,000. my brother was great at accounting. sell 1800-2300 cars a year. in 12/1988 we had less than $1,000. in cash in the bank. Lou is retired in luxury. dad died in 2015. broke. enjoy your yacht lou.
@charlestonpinballarcade by the way I love pinball. being low on funds I figured a way to turn the crank on the free game wheel at college. not sure bally, gottlieb or Williams pro football. in 1979 a department store went our of business. I bought a almost new playboy & kiss for $150. I was in heaven for a little time. Lou had to have both of them he never played them.
@charlestonpinballarcade one last thing. we were one of the first dealers in the country to have the monster i.b.m. accounting system in 1969. watching cost. my dad would cut the print out paper into small squares & fasten them together & pass them out as note pads. he figured he could save $600.-$800. a year only to see lou steal that also. my mom & dad & my cousin Sal & brother Joe had a c.p. & dodge stores. they were great dealers. they made mom & dad millions only to have it go into lous black hole. dad put lou in a 60 year old Ford store in 1969. almost no overhead, established customer base, parts, service on dad's signature. it took lou less than 2 years to tank it. plus a unpaid n.y.s. tax liability of $40,000. that grew to over 1 million by the time dad found out 20 years later. the end.
Neat vid
@@davidhutt-j2n thanks DH! Always trying to have some fun and capture these places on video while traveling around!
Reliability... for my 40th birthday, I bought a sweet Land Rover Discovery HSE Luxury. It was very luxurious, sitting in my garage, on its way back and forth to the dealership for warranty repair after warranty repair before being shot at less than 60k miles. So now at 43, I'm still driving my 19-year-old Honda Accord EX-L V6 w/navi I custom ordered with a 6-speed manual when I was 24 years old. Very advanced for its time. It needs some work now, but I'd rather put $10k in a proven vehicle, that I LOVE, than buy some new garbage that could be rendered obsolete by SOFTWARE UPDATES! I hope you had a good Thanksgiving!
Diamonds are forever and so is Ric Flair woooooooooooh
@@crazyadventuresandreviews Ric flair put on about 50 years in the last 10 🤣🤣🤣
@ to be the man you gotta beat the man wooooooh
@@crazyadventuresandreviews oh, he beat…. He beat!
I’m ric flair, the stylin, profilin, limousine ridin, jet flying, kiss stealing, wheel n dealin, son of a gun whoooooooooo!
@@crazyadventuresandreviews timex wearing?
Tried to buy a truck from "The King of Credit" a few years back,,, I wanted to pay cash,, nope,, it was a note or no sale,,,, I walked away..
In my opinion…. These places don’t want your money. They want you paying the financing deal with the bank. I have heard JDByrider is the same. These places try to take advantage of people.
@@drfalcon4102 buy here pay here. you sell a high mileage piece of junk with 36 months of payments held by the seller with $1,000. down which is your cost. in 6 months it is junk so you end up with no car & 30 months of remaining payments.
@@charlestonpinballarcade oh. I almost forgot. I would have had a guilty conscience for playing that damn "pro football" for free but that machine was a thief. free games were unhead of. when the other kids would gather In awe to see 16 free games we would give them away only to say we had a good ball. they did not complain. we always shared the wealth.
Same here, Honda or Toyota vehicles for me. Car dealerships are loco these days!
@@jeee1074 I really don’t know how they are selling enough cars to stay open. The entire dealership model is a scam from top to bottom… and unfortunately so is most of the used car market.
This might sound old man, but there’s soooo much crap technology on cars today that make zero sense to have. Most of these features are in my phone. Just keep the car basic, have a dock window mount for the phone and done.
You obviously haven’t worked in the motor trade.
@@jeee1074 let me ask you @jeee. if I gave you a dealership for free today & one million in cash but you had to keep it open for 10 years would you take it?
my mom & dad had a choice of a Studebaker & a car his friend described as a cockroach in 1959 he chose the stupidbaker. I was 10 in 1966. I put the 1966 brochures in the rack in the one car showroom but we never got a 1966 car. dad used to park the new car Inventory in our back yard in Buffalo to keep overhead low. cockroach? that was a v.w.
@@jeee1074 you have to be Loco to be a car dealer today.
So, is the owner at the RadioShack kiosk at Northwoods Mall nice?
@@AidanVilleneuve yes . Good guy
@@AidanVilleneuve by any chance are you talking about the Northwood mall in midland Michigan? I went to a stupid college called Northwood institution. now it is called Northwood University. my parents thought it was a mental institution. imagine their surprise when I went home with two degrees. they call it a non profit. a legitimate name for a money laundering operation.