Never underestimate the potential of a terrible picture when buying a car. That’s how I found my near mint condition 66 mustang!! The worse picture the better. The one that looks like it was taken by a Nokia flip phone, underwater. It could be just some old dude that wants to get rid of it lol
@@michaelf.2449 yes thanks, near mint is what I meant so I corrected it. It’s a pretty crazy story too. The old man that owned the tire distribution center where it was located just wanted to gone, because sadly his son passed away and it was his car. His assistant told me to “make an offer and he won’t say no”. So I did and got it for less than 8k. Pretty good for its condition with a new interior, and I love how many people enjoy talking to me about it. There are some cars that one person likes, another hates, but so far I haven’t had anyone say they hate a 66 mustang. It tends to get a lot of widespread appeal which makes it fun to drive.
I got a 1999 Porsche 911 from a Dodge dealer in rural MN about 2 years ago. Pics looked like they were taken with an early CCD digital camera. Was able to get the VIN, found a full history, and found a local shop to do a PPI. Basically ended up stealing the thing with how little I paid. People overlooked the listing because the photos and description were awful. How did it end up there though? Owner #4 traded it in since he felt he was too old to drive something with a manual anymore.
Fantastic video, Ed! We’re thrilled you took interest in this story and that we were able to help by sharing all of our knowledge. There are a lot of wild, VINwiki-worthy, Koenigsegg stories out there, but this is certainly one of the best! We’ll be watching the auctions on August 18th/19th closely. With the Agera RS starting bidding at $2.2 million and the Regera starting at $2.53 million, let’s see what kind of price each car fetches and what the next chapter entails for each car!
Hey bro, are you going to give an update on the cars when they sell, on your Instagram? Unfortunately, i can't watch it because I'm in a different time zone. Big fan btw!!
Thank you for saying it’s relatively cheap to own a car in the US than other countries. I see Americans complain about vehicle prices and gas cost when outside America price are way worse. Most markets cater to America and you guys have a great selection of new and used cars unlike some other countries.
@@axe2grind244 yes and no some markets are just not big enough and haven’t been lobbied out. Also US is too car depended that I think it is negatively impacting itself. Good public transport in urbanise area would be more effect and benefit more people.
There’s good reason US prices are less expensive. US is one of the largest purchasers of vehicles in the world. They’re also a top import/exporter and one of the largest vehicle manufacturers worldwide. Supply and demand keeps the US prices low.
It's just not as much as you think. More than you can and would do but it's just a few hours here and there for them having a platform and connections to carry it out in short order. You are rather taken aback by simple things I can see. Poor baby.
@@tybeeislandgoat1402 you sound like you have been doing this for years, or is involved in the scene for a long time, I wonder what part of my comment annoyed you
Koenigseggs definitely are eligible for show and display registration- one of the main qualifying elements is being able to demonstrate the significance/importance of the vehicle type in question, and being one of the car manufacturers that completed back and forth for world record fastest production car is certainly enough to qualify for significance.
My wife is Native American and we don’t have to pay sales taxes on vehicles delivered to us on her reservation.. all my cars are in her name for that reason.. lucky for me this is a community property state…
Ed is spot on about auto ownership being cheaper over there. Getting a Challenger Hellcat in Australia costs about $150k USD before you even get into the thing to drive it for the first time
What I am concerned about this is how their life will be after the auction. Cause the agera R+ that you mentioned is an absolute tragic. The R+ is a truly stunning car owned by a dj here in China (and he is a person who truly love cars), in 2020,it had a slight oil leak issue when attending a track day, but nothing too crazy. As a Chinese, I can tell you that those so call ‘enthusiasts’ started posting all sorts of different comments over the internet that really damaged the reputation of the car. It later went through the hands of a few owners that just didn’t care about it and kept using it as a tool to create content on douyin. It wasn’t until late 2021 that someone bought the car and then it never reappears on the internet again. It’s just heartbreaking for us to see how those people were treating the cars here, and I truly hope that these two can fall into hands of people who truly love cars like Ed.
@@JT-xe5jz that's been the norm for years now. Especially since a flood of cars were forfeited to the government after those "crackdowns" on "corruption" in china.
@@HCGWell, ture, people don't need to care. But the thing here is that when those people posted those trash comments, surprisingly, a lot of people believed it. Then the image of that Agera R+ was like "low-realibility" "tons of owners beforehand" "trash"... That really hurts the car and the public's appreciation to that.
In Denmark. The registration tax is 180% of the car’s value. If it has more safety features it goes down pr. Safety feature. So you get a tiny deduction on the car. On top of that you still have to pay the standard 25% sales tax that are levied on all sales. A Audi A6 Avant 40TDI 2022 in the US starts at $55.900 The same car in Denmark starts at $96.500
Always wondered what the reason behind that is, or how the population can accept it. Not like they try to protect the non existing Danish car industry.
@@erik.lindberg89 well its has almost always been this way, and it’s difficult to change because it brings a lot of the money towards rest of the society needs. So it’s not like they haven’t tried to lower it. But if we want the same services. Free school and all that, we need the money from somewhere otherwise we have to cut somewhere else. So it’s just something that you accept, as part of owning a car in Denmark. We have very good public transports, and we are a small country. So it’s not like vital like in other Countries where there are so far between the places! It would take you 5 hours to drive through the entire country. I live in Copenhagen, and I can get to Germany in like 2 hours.
Question is why anyone would buy a new car in Denmark when you can import a 6 months car from Germany (19% VAT) without any additional cost than a registration fee for the equivalent of a few hundred USD.
Owning a VW Golf where I am costs $4000 a year in taxes and basic insurance even if you don't drive it. If you do drive it, add much more expensive gas on top. Everything relating to cars is dirt cheap in the US compared to most of the rest of the world.
@@noth606 That sucks but it’s all subjective depending on where you live. Georgia has a shit vehicle tax (TAVT) that will charge you based on what they think the car is worth. Even if you paid tax when you bought it out of state or if the original owner paid sales tax you still have to pay the state of you want to register your vehicle and drive it here. That’s why early on in VinWiki a lot of the guys that used to appear registered their cars in states with little to no vehicle sales tax like Montana. And once this money hungry state found out they raided them. Other states don’t have a shitty vehicle sales tax like Georgia does.
@@pirsq314 I'm also in Northern Virginia, and to be honest, it's really not all that bad, especially if you're into owning older cars as I am. Depending on what the car is worth, if you have a new 2021 model vehicle, it might be 1k a year etc... both of my cars, one being an 03 and the other an 08 I pay about $113 a year total which I have no complaints about considering how much higher they're in other places that I know of.
@@h33ls_up I’m from Fairfax County, moved to NC 20+ years ago, I remember the yearly property taxes on vehicles (otherwise you couldn’t get your county sticker) they have property taxes on vehicles in NC also, just not as bad. But I remember the crazy property taxes on owned homes, I didn’t while growing up there, but I still hear from people paying 2k plus a year for taxes on their home.
From what I’ve seen, it seems the government has to tax someone ridiculously (people of wealth) since the typical commoner is dirt poor and I don’t imagine that any local cartel affiliate’s are reporting actual income. Unless a story I read online somewhere stated that the government was going to give cartels a tax free status (like churches and schools) so long as they report to whom and how much they pay their "sub-contractors". As if ol Pepe and his burro isn’t already in a precarious position,,,, the only work available for 200 kilometres is carrying 200 kilograms for 200 kilometres,,,,:\
Ed isn't kidding about the 200%+ tax thing In my country to import a 400k Rolls Royce Cullinan with all taxes & tariffs paid , it costs 2.4 million dollars.
Update: The Agrea R acution was stop mid actution and no one got the car for some reason. However for the Regera my friend's bussiness partner was able to win the acution and made the payment for the car, but the acution company refused to sell the car to him even after the payment was received and claimed that there was hacker attacking their server when the acution was happening. It is most likely that the acution was rigged and the car was already sold to some insider with realtionship to the auction company.
Show and display... I read into it, and about for example the Saab NG9-5 Wagons, arent able to be registered for show and display in the US, which i find weird, as they are very rare. Only 27 of them in the entire world.
By the title I thought these were China cloned car's but the fact that they are real makes it even more interesting 🤔 thanks for the hard work and dedication to finding truly interesting content.
Some Chinese manufacturer is probably figuring out how to make a knockoff as we speak. Just change the lights, no one will notice that it's powered by a lawnmower engine.
Ed at 1:08 you mentioned how when you buy a new car the sales tax, Fee’s, est. are cheap and no where near 10% of the cars value. In Pennsylvania, theres a 6% sales tax, plus hundreds of other dollars in fee’s, registration, and insurance. I believe the cost to own a car in this country should be much much less and most of the registration, and sales tax (especially everytime the car is sold, not just bought new) should Be abolished. It is true theft
@@criznash Really? Your ignorance is showing bro. Do you think you should have to pay sales tax on a TV you buy on Craig's List from another person? Because here in WA you have to pay sales tax on a USED car you just bought from a private party when you register it. Don't forget the fee for living in a ZIP code where road work has been done to literally keep the roads usable ($40). And the additional weight fee ($10) the vehicle weight fee (separate from the additional fee, $25) the filing fee (4.50) the Agent Service fee ($8), the fee to keep the county computer systems working ($0.25), and the fee to keep the county licensing dept. and computer network up ($0.50) with a few fees that are actually optional like a State Parks donation and a Discover Pass to park in regional parks and "scenic areas".
@@transtubular with the current subsidization of motor vehicles in America, I don't think you should complain for a second. Like Ed said, it's the cheapest country in the world to buy and own a car. You don't even finance the roads on which you drive with your rediculously low fees. Meaning that people who don't even have a car is co-financeing your roads. Mind you, you don't even have sidewalks in many suburbs
I tend to agree with you. Random fees do seem to be theft. I suggest that the city devides the annual budget for their road maintenance, over the citys car owners. With some calculations for the vehicles weight and emmisions, for example. That way it's fair and equal. People who choose not to drive, don't get taxed, like they do now, and people who choose to drive, they pay their fair share of the cost of keeping the roads maintained.
As a seller or buyer, every sale I've ever done for a used vehicle has been a "gift" government thinks I'm very charitable to strangers and I never repay taxes on an old vehicle.
In my country Malaysia, owning a Ford Mustang ecoboost in considered Rich, lucky america car tax are so low, a brand new from mustang in Malaysia cost USD120k, can u imagine that an Aventador or any italian supercar cost the same as a hypercar in the US and we have plenty of them, if car tax were same as US, cant imagine the hypercar scene in Malaysia
100%, - trying to claim a record while building one car that's a salvage title. Then theirs the whole trying to lie your why out in that record attempt thing.
Yup in malaysia the import duties is expensive need to factor in excise duty. It cost more to buy imported cars. Plus the road tax are based on engine capacity not carbon emission. Thats why we dont have V8 running on our shores
In my country you pay for registration depending on kilowatt's. And in general by the power of the car. And that's pretty stupid since if some rich person buys newest car for some high ass price he pays same or in most cases less than as some random guy owning some late 90' or 2000 car.
Awesome story! My dad once looked after an original 1960s Ford GT race car, the owner used to track it once in a blue moon but otherwise it'd been sitting in storage for decades, it sat on one of his ramps for nearly 2 years in such a sorry state it was really disappointing to see it not in use, thankfully it's been sold and hopefully it won't end up in a car bubble
there can be no possible doubt that its going to start....START in the US$$$,$$$ range....it would certainly cost $$,$$$ just to get an adequate assessment of what is necessary and needs to be done.
To the Brits on here. Katie Price's (Jordan) pink Range Rover is up for sale for £10k. Things been banged more times than she has, but it's got Ed Bolian stamped all over it.
In EU I only pay VAT 1 time on a new car. If I sell it used next owner pays no VAT (tax ). In US. Tax is paid every single time a car gets sold. Even if it gets sold 10 times over. Tax is paid each time. If that isn’t fraud I don’t know what is.
All cars in Taiwan are 2 times the price of the United States, but it does not affect those rich people buying cars. Here a brand new senna is asking for $2.1 million, but there are more than 20 here. All the limited cars you can think of are here, like sian senna gtr senna lm centenario p1 laferrari etc. A lot of cars are even more than 20. You have to know that the population is only 23 million.
Here in India we have the same import duties and taxes too, over 200% as a result we don't have any hypercars here, which sucks, even the supercars here are double or triple the price that's why seeing them is such a rare sight, also the roads here are honestly the worst, which is why I aspire to move to the US so I could have a chance of owning a supercar and actually drive it
Yes, I bought a near perfect 89 Guards Red/Champagne 930 G50-50 turbo cab, one of 744, with 30K miles, in Calabasas, in the 90's, off Auto Trader for 28k......it had half flat tires in the picture, looked whacked amongst the dozens of faux "slant-nose"/Strosek/Gemballa replica on 912/911 2.7 chassis commonly offered for sale at the time here in SoCal😎
In Thailand rich people and car dealers who import super cars and hyper cars will take some essential and expensive parts out (e.g. the ECU or the wheels) prior importation. When the cars arrive those owners report the police to seize the cars which they will receive a big percentage of finder’s fee. When those car are up for auction those owners will use nominees to bit for them. The price they pay is much cheaper and they have finder’s fee which can be used to further deduct what they pay. People are reluctant to bit because the missing parts are very expensive and some car dealers won’t sell those parts and, mover over, no one dares to bit against those people since this business is a mafia-ish business and involves the customs and the police. In Thailand important duties on these type of cars is 300% +7% VAT.
A lot of people are complaining about taxes on luxury cars... The way I see it, someone has to pay the bill for schools, hospitals, the fire service and all the other public goods. I'd much rather pay a high tax on unnecessary luxury Items than on my monthly pay check. Here in the Netherlands these taxes are a lot lower on small and low emission cars and even lower on commercial vehicles.
Ive seen the agera rs in singapore, registered with a singaporean license plate in that exact spec…im sure its the same car cuz i dont think that someone will duplicate the livery and the interior of the car
That’s $8.14/ gallon for us U.S. folk. Which is double the US national average today. But again, very regional on prices as well. California is very close you your prices. But other states gas prices are less than $3.75/gallon.
In Ireland it's 9 euro 50 cent a gallon rn My tax is 250 a year on a fiesta Ecoboost My insurance is 1500 a year Even before prices went up our normal Petrol price here with the last decade has been 6 euro 50 cent a gallon when it was cheap to us anyways. Alot of this is to do with the fact you can only buy 95 octane fuel here nothing lower.
In China there are so many money that they can aford anything they whant, A Regera? A country? The problem is that that dictatorial country is so close that it is hard to export cool stuff to buy it at a good price.
My college had a lot of Chinese students. They lived in the best apartments, had the newest Apple tech, were expensively (but not well) dressed, and were never seen in a car under $50,000. Most had Mercedes-Benzes and BMWs with the occasional Porsche or Maserati. Very rarely you'd see one in a Mustang or Camaro or Grand Cherokee SRT-8 or Range Rover. They never drove anything Japanese because China has bad blood with Japan, they never drove Cadillacs or Lincolns, and they never drove trucks or Jeep Wranglers, not even a Ford Raptor. Meanwhile, the rest of us were puttering around in old beaters worth less than the monthly payment on those luxury apartments. The sorority girls might have Daddy's hand-me-down Mercedes and the frat bros would have mall crawler Jeeps or trucks. The exchange students come here and spend every yen they have because they know they can take it home and sell it for a profit. So many yens or dongs or whatever China uses.
Literally have the Jesko Absolut in my YT picture from the time it came to Avalon.. I had just woke up and walked outside to see a KOENIGSEGG. Crazy stuff. The opening statement is true, there’s ALOT of crazy cars here.. I even see a couple Avalon pictures in this video 😂😭 I love it, and I love living there for that reason; UNIQUE CARS..
"Gas costs twice as much in Europe!" So what? I'm not driving my car in Europe. Europe doesn't have huge oil fields. The US has always had cheap gas and more than doubling it hits hard. This is what happens when you install a president who made destroying the oil industry a key part of his platform. "Can't afford to fill your tank? Just buy an EV! Let them eat cake!"
I live in Norway it is almost 300 some times more, that's why I don't have children, because I love cars and I can't have bought. And we are the richest country. It is so fucked up. Even old cars that are 10-13 years old cost more then new in U.S. You guys are so blast! Foreksampe c8 Corvette now for sale with 2k kl on it cost 320k dollar, and the Huracan Evo with same mileage cost the same. It is so absurd. Love what you doing Ed!
Iv been telling my friends in the US this for years... America is so cheap when it comes to cars and fuel but your property market is the worst ,almost every house is over priced. I have 2 beach houses and my main home has 11 bedrooms,cinema,elevator and indoor pool and cost about the price of one decent home in America.
I'm from Ireland. There is more millionaires and billionaires per capita here than in the uk, yet the uk is a wash with super and hyper cars and Ireland just is not. The only reason for it is tax. Importing a car into Ireland and registering is costs 36% of the cars value, and you cannot lie about the value because the registration offices check online for sale prices so you cant have one up on them. If you import from outside of the EU you then have to pay import duty of 10% and vat 23%. A total joke. Then, to add insult to injury, you have to pay road tax each year, and on anything with an engine over 3.0 that isn't hybrid, you will have to pay nearly €2k. Seeing nice cars on the road here is a special occasion thanks to our stupid taxes.
The only positive thing here is you can literally register anything with wheels as long as it can be made road worthy. If you choose not to register a car, no one cares as long as you don't take it on the road, no one is going to knock your door and take it off you. Another possitive is once a car is 30 years old, registration os only €200 regardless of wheter it is a ford fiesta or a ferrari f40, annual road tax also becomes €56 at that age.
.....you hire a 747 cargo plane to go get it....bring it to SEATAC or LAX and.....wait.......and wait.....and pay....and pay.....and PAY.....and....oh wow....there it is 6 months later, undrivable and needing 6 figure re-work to make drivable again
Wether you like ford as a brand or not we owe a large thanks to Henry Ford. He is largely responsible for automobiles being such a big part of American culture. 🇺🇸🇺🇸🇺🇸
"Duuuude, when you said you had wheels off of a Grand Am car you were actually talking about a Pontiac???",,, yeah, I bet that conversation has come up a time or two following answering a Craig’s List ad,,,
That’s fact!!!!!! In Thailand taxes for cars and automobiles is 200% !!! Can you imagine Mercedes benz price in Thailand is same as lamborghini price in the USA.
By a expensive car here in Canada and you will pay a 25% luxury tax on a vehicle over $250000 plus 5% Gst and 7 percent Pst. That is 32% sales tax on a new vehicle. Anything over $50,000 is considered a luxury vehicle and the tax goes up 5% for every $50000 up to the max 25%. Our dollar is weaker than the US dollar so a $250000 car is under $200000 USD. Buy a half a million dollar car here and you are paying $175000 just in tax alone. And not only that, the luxury tax still has to be paid again if the vehicle is sold. This has tanked the luxury car market here.
I'm going to strongly disagree I lived in Germany that place is very cheap to own a car I mean the car insurance here it doesn't matter how much gas cost in Germany compared to here you pay so much less in Germany on car insurance I was 18 and I paid $300 for a year and that was considered high for my car.
You’re telling me if I buy a million dollar car in Europe I have to spend a million dollars just for the fees no way it almost sounds like no one should have enough money to spend a million dollars on a car not to mention there’s no single car that’s actually worth a million dollars
that's the sad reality of many cases in south east Asia, China isn't even the worst country in terms of taxes, imagine living in Singapore, you pay twice as much on taxes as the car is actually worth.
@@alexanderjiang2941 yeah dude my point isn’t that them paying that much on the tax is the sad reality the sad reality is that no one should have enough money to just go buy a million dollar car again not to mention no single car should be worth a million dollars is borderline money laundering
@@respectedprophet6247 I would agree, super/hyper cars aren't even considered "that" expensive, look at some vintage cars...there are true billionaire enthusiasts, but many are used for money laundering.
In my country in saint lucia when u import a car it will cost you more than half and in some cases more than the value of the car just to clear it! Fearless for gas, insurance and maintenance, you Americans need to stop complaining.
Australia still has a luxury car tax to protect the local car industry… but we don’t have a local car industry
Lol
Dont worry, they’ll just rename it to green tax when the stupid fuchs figure it out
Nice excuse to earn more money from taxes.
It used to have one but taxes on imports weren't enough to save it.
🙃
Our pleasure to work on the history of these two cars, probably the most challenging undertaking so far… :) Cheers!
Legends 👊🙌
:)
@@ummwhodidnt Thanks :)
The Koenigsegg's doors when opened, look like the trans man's arm after he attacked Dave Chappelle. 🤣
Speaks volumes of integrity and legitimacy as a group, that Ghost Squadron chimed in. Thanks.
Never underestimate the potential of a terrible picture when buying a car. That’s how I found my near mint condition 66 mustang!! The worse picture the better. The one that looks like it was taken by a Nokia flip phone, underwater. It could be just some old dude that wants to get rid of it lol
@@Power_Glove He meant neat condition.
@@ahmadzahin8060 near mint* is what he meant.
@@michaelf.2449 yes thanks, near mint is what I meant so I corrected it.
It’s a pretty crazy story too. The old man that owned the tire distribution center where it was located just wanted to gone, because sadly his son passed away and it was his car. His assistant told me to “make an offer and he won’t say no”. So I did and got it for less than 8k. Pretty good for its condition with a new interior, and I love how many people enjoy talking to me about it. There are some cars that one person likes, another hates, but so far I haven’t had anyone say they hate a 66 mustang. It tends to get a lot of widespread appeal which makes it fun to drive.
And yes I live with the fact that he may have sold it to me for a lower offer. I will never know!!
I got a 1999 Porsche 911 from a Dodge dealer in rural MN about 2 years ago. Pics looked like they were taken with an early CCD digital camera. Was able to get the VIN, found a full history, and found a local shop to do a PPI. Basically ended up stealing the thing with how little I paid. People overlooked the listing because the photos and description were awful. How did it end up there though? Owner #4 traded it in since he felt he was too old to drive something with a manual anymore.
Fantastic video, Ed! We’re thrilled you took interest in this story and that we were able to help by sharing all of our knowledge. There are a lot of wild, VINwiki-worthy, Koenigsegg stories out there, but this is certainly one of the best! We’ll be watching the auctions on August 18th/19th closely. With the Agera RS starting bidding at $2.2 million and the Regera starting at $2.53 million, let’s see what kind of price each car fetches and what the next chapter entails for each car!
🙌
Very well thought out and said ! Saving my full Jesko Absolut story for when I start doing well content wise 🤣 hopefully Ed will agree.
Hey bro, are you going to give an update on the cars when they sell, on your Instagram? Unfortunately, i can't watch it because I'm in a different time zone. Big fan btw!!
@@magnesmidt9266 yes, sure :)
@@magnesmidt9266 Regera sold for 3.518.000 USD, Agera RS for 2.672.000 USD - both before fees and taxes.
Thank you for saying it’s relatively cheap to own a car in the US than other countries. I see Americans complain about vehicle prices and gas cost when outside America price are way worse. Most markets cater to America and you guys have a great selection of new and used cars unlike some other countries.
One of the many reasons I love living here. Woooooo! Freedom! Our founding fathers would be very disappointed by us though.
It seems other countries dont even want their citizens owning cars.
@@axe2grind244 yes and no some markets are just not big enough and haven’t been lobbied out. Also US is too car depended that I think it is negatively impacting itself. Good public transport in urbanise area would be more effect and benefit more people.
There’s good reason US prices are less expensive. US is one of the largest purchasers of vehicles in the world. They’re also a top import/exporter and one of the largest vehicle manufacturers worldwide. Supply and demand keeps the US prices low.
Americans live in a bubble
The amount of research that goes behind these videos and the registry for these cars must be insane
Managing the socials, keeping track of all Koenigseggs and pursuing projects totals to 3x 35 hours per week I'd say.
@@GhostSquadron Damnn that's a lot of work , love the dedication
@@daniesalex7073 thanks!
It's just not as much as you think. More than you can and would do but it's just a few hours here and there for them having a platform and connections to carry it out in short order. You are rather taken aback by simple things I can see. Poor baby.
@@tybeeislandgoat1402 you sound like you have been doing this for years, or is involved in the scene for a long time, I wonder what part of my comment annoyed you
I love listening to your stories, ed. You're so articulate and specific, it's like I'm there.
So many of them are straight up, made up.
Koenigseggs definitely are eligible for show and display registration- one of the main qualifying elements is being able to demonstrate the significance/importance of the vehicle type in question, and being one of the car manufacturers that completed back and forth for world record fastest production car is certainly enough to qualify for significance.
My wife is Native American and we don’t have to pay sales taxes on vehicles delivered to us on her reservation.. all my cars are in her name for that reason.. lucky for me this is a community property state…
Where can I find her🤨
Does she have any single sisters?
@@inmemoryoffrancoile9274 or a mother?
@@ralphlambda5359 or a father 👀👀
@@terenc3308 possibly even any brothers? 👀
The absolute insanity is 9 out of 10 times these cars will just sit and never really be driven.
People get them and are upset that the inside is super basic and they can't really drive them so they don't.
Ed is spot on about auto ownership being cheaper over there. Getting a Challenger Hellcat in Australia costs about $150k USD before you even get into the thing to drive it for the first time
What I am concerned about this is how their life will be after the auction. Cause the agera R+ that you mentioned is an absolute tragic. The R+ is a truly stunning car owned by a dj here in China (and he is a person who truly love cars), in 2020,it had a slight oil leak issue when attending a track day, but nothing too crazy. As a Chinese, I can tell you that those so call ‘enthusiasts’ started posting all sorts of different comments over the internet that really damaged the reputation of the car. It later went through the hands of a few owners that just didn’t care about it and kept using it as a tool to create content on douyin. It wasn’t until late 2021 that someone bought the car and then it never reappears on the internet again. It’s just heartbreaking for us to see how those people were treating the cars here, and I truly hope that these two can fall into hands of people who truly love cars like Ed.
Maintenance and after care isn’t existent in Chinese culture, it’s just “look at me I have this”. I’m Chinese myself
The clapped out Alpina B7s in my neighborhood agree with this comment
@@JT-xe5jz that's been the norm for years now. Especially since a flood of cars were forfeited to the government after those "crackdowns" on "corruption" in china.
What kind of comments? Who would care so much about stranger’s comments on the internet that it affects their own life? Pathetic
@@HCGWell, ture, people don't need to care. But the thing here is that when those people posted those trash comments, surprisingly, a lot of people believed it. Then the image of that Agera R+ was like "low-realibility" "tons of owners beforehand" "trash"... That really hurts the car and the public's appreciation to that.
No, Ed. I won’t be able to afford my dream car one day because someone decided to curate their history and make the prices quadruple…
Ouch.
Me liking old 80-90s mercs but can’t even find a 190e for less than 200k
In Denmark.
The registration tax is 180% of the car’s value.
If it has more safety features it goes down pr. Safety feature. So you get a tiny deduction on the car. On top of that you still have to pay the standard 25% sales tax that are levied on all sales.
A Audi A6 Avant 40TDI 2022 in the US starts at $55.900
The same car in Denmark starts at $96.500
Always wondered what the reason behind that is, or how the population can accept it. Not like they try to protect the non existing Danish car industry.
@@erik.lindberg89 well its has almost always been this way, and it’s difficult to change because it brings a lot of the money towards rest of the society needs. So it’s not like they haven’t tried to lower it. But if we want the same services. Free school and all that, we need the money from somewhere otherwise we have to cut somewhere else.
So it’s just something that you accept, as part of owning a car in Denmark.
We have very good public transports, and we are a small country.
So it’s not like vital like in other Countries where there are so far between the places!
It would take you 5 hours to drive through the entire country.
I live in Copenhagen, and I can get to Germany in like 2 hours.
Question is why anyone would buy a new car in Denmark when you can import a 6 months car from Germany (19% VAT) without any additional cost than a registration fee for the equivalent of a few hundred USD.
@@commonsense31 hell I can drive 5 hours and not even be out of North Carolina (east to west)
@@mandc20022 well then drive faster,,,, lol
Greetings from the Charlotte area
It’s not unheard of to see an exotic car with dealer registration here in Australia. The lengths enthusiasts will go to!
Ed: “The taxes aren’t too bad”
*Georgia TAVT has entered the chat*
Owning a VW Golf where I am costs $4000 a year in taxes and basic insurance even if you don't drive it. If you do drive it, add much more expensive gas on top. Everything relating to cars is dirt cheap in the US compared to most of the rest of the world.
@@noth606 That sucks but it’s all subjective depending on where you live. Georgia has a shit vehicle tax (TAVT) that will charge you based on what they think the car is worth. Even if you paid tax when you bought it out of state or if the original owner paid sales tax you still have to pay the state of you want to register your vehicle and drive it here.
That’s why early on in VinWiki a lot of the guys that used to appear registered their cars in states with little to no vehicle sales tax like Montana. And once this money hungry state found out they raided them. Other states don’t have a shitty vehicle sales tax like Georgia does.
Don't feel bad my friend lives in Virginia and they charge you property tax on your car yearly.....
@@pirsq314 I'm also in Northern Virginia, and to be honest, it's really not all that bad, especially if you're into owning older cars as I am. Depending on what the car is worth, if you have a new 2021 model vehicle, it might be 1k a year etc... both of my cars, one being an 03 and the other an 08 I pay about $113 a year total which I have no complaints about considering how much higher they're in other places that I know of.
@@h33ls_up I’m from Fairfax County, moved to NC 20+ years ago, I remember the yearly property taxes on vehicles (otherwise you couldn’t get your county sticker) they have property taxes on vehicles in NC also, just not as bad.
But I remember the crazy property taxes on owned homes, I didn’t while growing up there, but I still hear from people paying 2k plus a year for taxes on their home.
Somebody just dropped $7.25 million on a Honus Wagner baseball card, so I guess $2 million for a Koenigsegg is reasonable.
Who is stupid enough to pay millions of dollars for a card? Probably a tax write off anyway so not actually that stupid I suppose.
@@valy11s65 example Logan Paul? 🤣
In the US is crazy cheap compared to colombia, here for instance a 992 base 911, is about 200K USD and the anual cost of insurance is about 10-15K usd
From what I’ve seen, it seems the government has to tax someone ridiculously (people of wealth) since the typical commoner is dirt poor and I don’t imagine that any local cartel affiliate’s are reporting actual income. Unless a story I read online somewhere stated that the government was going to give cartels a tax free status (like churches and schools) so long as they report to whom and how much they pay their "sub-contractors". As if ol Pepe and his burro isn’t already in a precarious position,,,, the only work available for 200 kilometres is carrying 200 kilograms for 200 kilometres,,,,:\
Ed isn't kidding about the 200%+ tax thing
In my country to import a 400k Rolls Royce Cullinan with all taxes & tariffs paid , it costs 2.4 million dollars.
Mmmmm let me guess egypt right😂?
Probably Dubai
@@funnypranker34 Dubai is tax free
Singapore?
Bangladesh
and thats not even the highest tax rate , some vehicles are eligible for a whopping 826.60% tax over MSRP
Update: The Agrea R acution was stop mid actution and no one got the car for some reason. However for the Regera my friend's bussiness partner was able to win the acution and made the payment for the car, but the acution company refused to sell the car to him even after the payment was received and claimed that there was hacker attacking their server when the acution was happening. It is most likely that the acution was rigged and the car was already sold to some insider with realtionship to the auction company.
If I had 2.5 mil I’d buy more than one car. Even with the love I’ve had for koenigsegg
Very good points about the US being a cheap place to own amazing cars. There was a lot going on behind the scenes with these cars.
Can we talk about cars in LA garages that are rotting away 💀💀
When you build cars so expensive, they cost so much to fix that they end up wasting away.
Love it 😞
Show and display... I read into it, and about for example the Saab NG9-5 Wagons, arent able to be registered for show and display in the US, which i find weird, as they are very rare. Only 27 of them in the entire world.
By the title I thought these were China cloned car's but the fact that they are real makes it even more interesting 🤔 thanks for the hard work and dedication to finding truly interesting content.
Some Chinese manufacturer is probably figuring out how to make a knockoff as we speak. Just change the lights, no one will notice that it's powered by a lawnmower engine.
@@bwofficial1776 I believe it they always find a way to make it cheaper version of something cool.
Ed at 1:08 you mentioned how when you buy a new car the sales tax, Fee’s, est. are cheap and no where near 10% of the cars value. In Pennsylvania, theres a 6% sales tax, plus hundreds of other dollars in fee’s, registration, and insurance. I believe the cost to own a car in this country should be much much less and most of the registration, and sales tax (especially everytime the car is sold, not just bought new) should
Be abolished. It is true theft
your brain worms are showing bro. taxes are not theft.
@@criznash Really? Your ignorance is showing bro. Do you think you should have to pay sales tax on a TV you buy on Craig's List from another person? Because here in WA you have to pay sales tax on a USED car you just bought from a private party when you register it. Don't forget the fee for living in a ZIP code where road work has been done to literally keep the roads usable ($40). And the additional weight fee ($10) the vehicle weight fee (separate from the additional fee, $25) the filing fee (4.50) the Agent Service fee ($8), the fee to keep the county computer systems working ($0.25), and the fee to keep the county licensing dept. and computer network up ($0.50) with a few fees that are actually optional like a State Parks donation and a Discover Pass to park in regional parks and "scenic areas".
@@transtubular with the current subsidization of motor vehicles in America, I don't think you should complain for a second. Like Ed said, it's the cheapest country in the world to buy and own a car. You don't even finance the roads on which you drive with your rediculously low fees. Meaning that people who don't even have a car is co-financeing your roads. Mind you, you don't even have sidewalks in many suburbs
I tend to agree with you. Random fees do seem to be theft. I suggest that the city devides the annual budget for their road maintenance, over the citys car owners. With some calculations for the vehicles weight and emmisions, for example. That way it's fair and equal. People who choose not to drive, don't get taxed, like they do now, and people who choose to drive, they pay their fair share of the cost of keeping the roads maintained.
As a seller or buyer, every sale I've ever done for a used vehicle has been a "gift" government thinks I'm very charitable to strangers and I never repay taxes on an old vehicle.
In my country Malaysia, owning a Ford Mustang ecoboost in considered Rich, lucky america car tax are so low, a brand new from mustang in Malaysia cost USD120k, can u imagine that an Aventador or any italian supercar cost the same as a hypercar in the US and we have plenty of them, if car tax were same as US, cant imagine the hypercar scene in Malaysia
The SSC is a joke, please do not bring it up again unless you are bashing them.
100%, - trying to claim a record while building one car that's a salvage title. Then theirs the whole trying to lie your why out in that record attempt thing.
You didn't really mention their story, just their current status in China.
....sure he did....their story is.....shadowed
They were illegally smuggled thts why
Yup in malaysia the import duties is expensive need to factor in excise duty. It cost more to buy imported cars. Plus the road tax are based on engine capacity not carbon emission. Thats why we dont have V8 running on our shores
In my country you pay for registration depending on kilowatt's. And in general by the power of the car. And that's pretty stupid since if some rich person buys newest car for some high ass price he pays same or in most cases less than as some random guy owning some late 90' or 2000 car.
Wasn't there a video about 2 Korean Koenigsegg's someone was chasing down? Haven't got far enough to figure if it's related.
Awesome story! My dad once looked after an original 1960s Ford GT race car, the owner used to track it once in a blue moon but otherwise it'd been sitting in storage for decades, it sat on one of his ramps for nearly 2 years in such a sorry state it was really disappointing to see it not in use, thankfully it's been sold and hopefully it won't end up in a car bubble
Imagine paying 200% import tax on top of 1$ x4 because your currency not that strong
In Saudi Arabia owning a car is really cheap gas here is way cheaper than the US and insurance is also way cheaper
4:02 lmao yeah, cause your average person can realistically dream of owning a Koenigsegg, you a funny man Ed
I feel like manufacturer’s in cases like these Should just buy the Cars back, fix and resell them. Especially cars sold in such low numbers.
your story narrating is soo good !!
Thailand has a 300 percent tax on vehicles not made in country. I'm surprised emperor Winnie the Pooh hasn't just claimed them.
Awesome video! Also, the sale of the Hammer has me scratching my head. Not sure if you caught the auction ending.
It’s only “cheap” if you have the money.
Ed is going for the mountain man beard look these days
I wonder what the needed maintenance totals up to if it's in the 10's or 100's of thousands to recondition them.
there can be no possible doubt that its going to start....START in the US$$$,$$$ range....it would certainly cost $$,$$$ just to get an adequate assessment of what is necessary and needs to be done.
To the Brits on here. Katie Price's (Jordan) pink Range Rover is up for sale for £10k. Things been banged more times than she has, but it's got Ed Bolian stamped all over it.
Pretty sure this is a re-upload?
Heard the story before on youtube
In EU I only pay VAT 1 time on a new car. If I sell it used next owner pays no VAT (tax ). In US. Tax is paid every single time a car gets sold. Even if it gets sold 10 times over. Tax is paid each time. If that isn’t fraud I don’t know what is.
seeing expensive cars dusty gets me more mad than excited...
All cars in Taiwan are 2 times the price of the United States, but it does not affect those rich people buying cars. Here a brand new senna is asking for $2.1 million, but there are more than 20 here.
All the limited cars you can think of are here, like
sian senna gtr senna lm centenario p1 laferrari etc.
A lot of cars are even more than 20. You have to know that the population is only 23 million.
Here in India we have the same import duties and taxes too, over 200% as a result we don't have any hypercars here, which sucks, even the supercars here are double or triple the price that's why seeing them is such a rare sight, also the roads here are honestly the worst, which is why I aspire to move to the US so I could have a chance of owning a supercar and actually drive it
Yes, I bought a near perfect 89 Guards Red/Champagne 930 G50-50 turbo cab, one of 744, with 30K miles, in Calabasas, in the 90's, off Auto Trader for 28k......it had half flat tires in the picture, looked whacked amongst the dozens of faux "slant-nose"/Strosek/Gemballa replica on 912/911 2.7 chassis commonly offered for sale at the time here in SoCal😎
This dude could tell a story about nothing and I’d still be interested just because his articulation is A1
A modern koenigsegg is my dream car.
Either a Jesko or Gamera.
In Thailand rich people and car dealers who import super cars and hyper cars will take some essential and expensive parts out (e.g. the ECU or the wheels) prior importation. When the cars arrive those owners report the police to seize the cars which they will receive a big percentage of finder’s fee. When those car are up for auction those owners will use nominees to bit for them. The price they pay is much cheaper and they have finder’s fee which can be used to further deduct what they pay. People are reluctant to bit because the missing parts are very expensive and some car dealers won’t sell those parts and, mover over, no one dares to bit against those people since this business is a mafia-ish business and involves the customs and the police. In Thailand important duties on these type of cars is 300% +7% VAT.
The reason you don't see a ton of miles on Koenigseggs is because they usually sit in collections to accumulate value with low miles.
A lot of people are complaining about taxes on luxury cars... The way I see it, someone has to pay the bill for schools, hospitals, the fire service and all the other public goods. I'd much rather pay a high tax on unnecessary luxury Items than on my monthly pay check.
Here in the Netherlands these taxes are a lot lower on small and low emission cars and even lower on commercial vehicles.
can you talk about the SEIZED FERRARI ENZO at the LEBANESE airport? its been sitting there for more than a decade
Ive seen the agera rs in singapore, registered with a singaporean license plate in that exact spec…im sure its the same car cuz i dont think that someone will duplicate the livery and the interior of the car
£1.78 ish per litre for petrol here in the UK atm, depending on where abouts you are in the country
That’s $8.14/ gallon for us U.S. folk.
Which is double the US national average today. But again, very regional on prices as well. California is very close you your prices. But other states gas prices are less than $3.75/gallon.
1.79 a liter for 81 octane where I am on the east coast of canada. This time a yr ago it was 1.25
India Has 200% Import duty to exotic vehicles
In Ireland it's 9 euro 50 cent a gallon rn
My tax is 250 a year on a fiesta Ecoboost
My insurance is 1500 a year
Even before prices went up our normal Petrol price here with the last decade has been 6 euro 50 cent a gallon when it was cheap to us anyways. Alot of this is to do with the fact you can only buy 95 octane fuel here nothing lower.
In China there are so many money that they can aford anything they whant, A Regera? A country? The problem is that that dictatorial country is so close that it is hard to export cool stuff to buy it at a good price.
My college had a lot of Chinese students. They lived in the best apartments, had the newest Apple tech, were expensively (but not well) dressed, and were never seen in a car under $50,000. Most had Mercedes-Benzes and BMWs with the occasional Porsche or Maserati. Very rarely you'd see one in a Mustang or Camaro or Grand Cherokee SRT-8 or Range Rover. They never drove anything Japanese because China has bad blood with Japan, they never drove Cadillacs or Lincolns, and they never drove trucks or Jeep Wranglers, not even a Ford Raptor. Meanwhile, the rest of us were puttering around in old beaters worth less than the monthly payment on those luxury apartments. The sorority girls might have Daddy's hand-me-down Mercedes and the frat bros would have mall crawler Jeeps or trucks. The exchange students come here and spend every yen they have because they know they can take it home and sell it for a profit. So many yens or dongs or whatever China uses.
I’m ready for a PKA Kyle story
Literally have the Jesko Absolut in my YT picture from the time it came to Avalon.. I had just woke up and walked outside to see a KOENIGSEGG.
Crazy stuff. The opening statement is true, there’s ALOT of crazy cars here.. I even see a couple Avalon pictures in this video 😂😭 I love it, and I love living there for that reason; UNIQUE CARS..
Remember the good old days of energy independence? Sigh. Thanks organized Jewry.
At least the first ad in this video was for Ford.
100% pricing increase in gas.. and the new 10k 20k big from dealerships
"Gas costs twice as much in Europe!" So what? I'm not driving my car in Europe. Europe doesn't have huge oil fields. The US has always had cheap gas and more than doubling it hits hard. This is what happens when you install a president who made destroying the oil industry a key part of his platform. "Can't afford to fill your tank? Just buy an EV! Let them eat cake!"
When I saw the title I knew it was an Ed kind of story
MSRP for an Aventador S in China is 1.1 million USD(with registering fees like tax) if anyone wants to know
Ed, can we please get an update on chassis 39?
Gosh I really like this guy. Total southern gentleman voice.
I live in Norway it is almost 300 some times more, that's why I don't have children, because I love cars and I can't have bought. And we are the richest country. It is so fucked up. Even old cars that are 10-13 years old cost more then new in U.S. You guys are so blast! Foreksampe c8 Corvette now for sale with 2k kl on it cost 320k dollar, and the Huracan Evo with same mileage cost the same. It is so absurd. Love what you doing Ed!
Iv been telling my friends in the US this for years... America is so cheap when it comes to cars and fuel but your property market is the worst ,almost every house is over priced. I have 2 beach houses and my main home has 11 bedrooms,cinema,elevator and indoor pool and cost about the price of one decent home in America.
I feel like Dubai is wayyy cheaper to buy & maintain a car than the states tbh
Where you going to drive it🤷♂️
@@andrewjackson82 have you not seen the roads we have here?
@@NeshVlogs to be fair, most of those good roads aren't actually in Dubai, they're up near R'as Al-Khaimah 😜😜
I'm from Ireland. There is more millionaires and billionaires per capita here than in the uk, yet the uk is a wash with super and hyper cars and Ireland just is not. The only reason for it is tax. Importing a car into Ireland and registering is costs 36% of the cars value, and you cannot lie about the value because the registration offices check online for sale prices so you cant have one up on them. If you import from outside of the EU you then have to pay import duty of 10% and vat 23%. A total joke. Then, to add insult to injury, you have to pay road tax each year, and on anything with an engine over 3.0 that isn't hybrid, you will have to pay nearly €2k.
Seeing nice cars on the road here is a special occasion thanks to our stupid taxes.
The only positive thing here is you can literally register anything with wheels as long as it can be made road worthy. If you choose not to register a car, no one cares as long as you don't take it on the road, no one is going to knock your door and take it off you. Another possitive is once a car is 30 years old, registration os only €200 regardless of wheter it is a ford fiesta or a ferrari f40, annual road tax also becomes €56 at that age.
One could only imagine the logistics nightmare to get these stateside.
.....you hire a 747 cargo plane to go get it....bring it to SEATAC or LAX and.....wait.......and wait.....and pay....and pay.....and PAY.....and....oh wow....there it is 6 months later, undrivable and needing 6 figure re-work to make drivable again
I wonder if you still have to pay the duty ?
I was amazed at thialand duty in Chiang Mai i was told his Supra was around 250k
MK2 Chinese Jetta at 2:24 ! ( middle right, silver white )
Funny to see that the more money the cars worth the harder it is to sell because of the huge lack of demand
Wether you like ford as a brand or not we owe a large thanks to Henry Ford. He is largely responsible for automobiles being such a big part of American culture. 🇺🇸🇺🇸🇺🇸
*rejera is the pronunciation, the "g" sounds more like a j in this swedish word and the english translation is "(to) rule"
Great perspective Ed
There is definitely something special about Swedish cars, as any Volvo, Saab or lucky Keoniggsegg owner will tell you. Love my Saabs.
Here in Finland, new Corvette C8 stingray price is 300 000 euros with taxes (dollars very close the same). nice :)
a c8 stingray in singapore is 800k sgd😂
Would he buy a AMG GT with a bad wrap, unknown pain under it, and after market rims that look like they are off a '96 Grand Am?
I'm betting he would..
"Duuuude, when you said you had wheels off of a Grand Am car you were actually talking about a Pontiac???",,, yeah, I bet that conversation has come up a time or two following answering a Craig’s List ad,,,
Letter of compliance!? How long has that been a thing?
That’s fact!!!!!! In Thailand taxes for cars and automobiles is 200% !!!
Can you imagine Mercedes benz price in Thailand is same as lamborghini price in the USA.
I'd imagine someone in a different country can negotiate a tax fee and auction fines to take the car off their hands.
Ngl the pronounciation of "Ängleholm" was pretty good.
Tbh in the Bahamas it's cheap to own a car as well. But just gas prices are high here. Other than that
By a expensive car here in Canada and you will pay a 25% luxury tax on a vehicle over $250000 plus 5% Gst and 7 percent Pst. That is 32% sales tax on a new vehicle. Anything over $50,000 is considered a luxury vehicle and the tax goes up 5% for every $50000 up to the max 25%. Our dollar is weaker than the US dollar so a $250000 car is under $200000 USD. Buy a half a million dollar car here and you are paying $175000 just in tax alone. And not only that, the luxury tax still has to be paid again if the vehicle is sold. This has tanked the luxury car market here.
I wish a Koenigsegg fit my budget too!
oh boy, a base koenigsegg regera worth around $2 million in the US, costs over $5.7 million in India.
I also read the winning bidder receives free Panda Express for one full year! Sweet deal.
I'm going to strongly disagree I lived in Germany that place is very cheap to own a car I mean the car insurance here it doesn't matter how much gas cost in Germany compared to here you pay so much less in Germany on car insurance I was 18 and I paid $300 for a year and that was considered high for my car.
You’re telling me if I buy a million dollar car in Europe I have to spend a million dollars just for the fees no way it almost sounds like no one should have enough money to spend a million dollars on a car not to mention there’s no single car that’s actually worth a million dollars
that's the sad reality of many cases in south east Asia, China isn't even the worst country in terms of taxes, imagine living in Singapore, you pay twice as much on taxes as the car is actually worth.
@@alexanderjiang2941 yeah dude my point isn’t that them paying that much on the tax is the sad reality the sad reality is that no one should have enough money to just go buy a million dollar car again not to mention no single car should be worth a million dollars is borderline money laundering
@@respectedprophet6247 I would agree, super/hyper cars aren't even considered "that" expensive, look at some vintage cars...there are true billionaire enthusiasts, but many are used for money laundering.
In my country in saint lucia when u import a car it will cost you more than half and in some cases more than the value of the car just to clear it! Fearless for gas, insurance and maintenance, you Americans need to stop complaining.
It will be interesting to see where they end up.
in iran premuim petrol is 0.1 cent per liter and insurance and parking is cheaper
Its like Norway. A lot of people have a lot of money, but you rarely see exotic cars. And if u do, u know that mf is rich rich
The reserve is way too high. Sitting neglected for 3 years plus the reserves should be closer to one million.
I hope no one bids. Cheers 🇨🇦