I tried selling my $400 Aston Martin on Doug Demuro Cars and Bids - Flipping $400 to a Ferrari
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- Опубликовано: 1 окт 2024
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I love the drastic makeovers on the middle price range “fun” cars mixed with cheap ones you’ve done. It has been cool once in a while mixing it up with the exotics though I have to admit.
If he had stuck with the low to middle range cars he'd own his ferrari by now. He doesn't make that much on $25K+ cars usually. He doubles his money usually on the low end cars.
I'd go for 4 cars at $10-15k. They turn over much more quickly and combined, they bring in more profit than 1 expensive car. Plus you/we get more content that way.
Not all are civic or corolla lovers
Cheap cars are more fun to watch as they represent something us viewers could be doing. There are enough channels concentrating on exotic expensive cars than regular everyday vehicles which interest me more.
With the prices of depreciated exotics being what they are, they are within reach of everyday people.
He started with $400... he got to this point with that $400. It goes to show that with time and effort you can make it to the point where you could also buy/sell higher end cars to make profits. He does say though that the more expensive the car, profits usually are lower.
Yeah, I’m not really as interested in these “higher end” cars. Cars and bids sucks anyways.
I stopped watching Hoovie because he's lost his way going with all the high end cars.
@@althunder4269 Yup, no interest from me either for Hoovie.
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I'm new to Bitcoin and would like to invest. But I've got no idea on how to make real profits. Can someone please tell me how to go about it?
lot of people are rushing into bitcoin without the knowledge of how it works and that's very wrong so I suggest you find someone to guide you
You're right. If it was easy as hyped on social media, All who had cryptos on any broker/exchange would be millioners by now
I'm pretty new and i feel I have much to learn before placing my first trade. Are you suggesting I lookup for an expert for trading guide?
Yes but finding a high rated broker/expert to guide you isn't that easy.
The choice is obvious, four mid tier cars. Easy to move easy to rehab and easier profit. And we get to see German do his god tier work.
I was just about to pay $28 for a DB7 but if a DB9 is $40 hmmmmmm.
Well worth the extra 12k
Take German with you to the auction. He has $17,500 and has to buy 2 cars. You take $17,500 and buy one flip car. That leaves you $20,000 for a non flip car for the lot. Leaving $5,000 for any repairs the flip cars may need. Can German sell his 2 cars quicker for more profit than your 1 car? Should be good content!
They did this already, German kicked Craig's ass in profit. I think German made $5000 in profit on his beaters and Craig made like $1000.
I like this idea, 1-2 cheap gambles, a safe bet, and a long shot. Would be a good comparison. We can place our own bets (hypothetically) and wait to see the outcome.
What are you talking about, $20k for a non-flip car for the lot? That money is all specifically from the $400 to a Ferrari series. Using it for something else completely defeats the purpose.
The high mileage, when compared to other DB9s on the market, probably scared a lot of bidders off. It did look like it was well taken care of though.
Dealt with Craig this week tried selling my M4 couldn’t quite make it work but he was very great to work with! Hope we do something someday soon!
Thank you!
why would you try and sell your M4 to money man craig? he needs it cheap enough to make a profit!
@@startingtech3900 that’s why it didn’t work !
@@RS-cd9cf exactly my thoughts! Haha 😂
@@startingtech3900 not just cheap enough to make a profit, but its like you honestly cannot trust anyone in this business (really any business). You have to take into consideration that every vehicle has some potentially major hidden, only after you own it will it be discovered.
Honestly I still can’t imagine how you made this work flipping $400 to an Aston Martin is an amazing accomplishment
moneyman craig plus german!
Watch all the videos. It’s great 👍🏻
It really doesn’t take that long at all but for the average person it’s very scary trying to invest any amount of money into anything so yeah. once you build it up like that though the money was never yours anyway so it doesn’t hurt as much to invest it haha
Because he's a scammer.
@@ILOVEBACONBOY2018 it’s easily doable. Kinda like selling bacon
Not many people want to spend any money right now. Everyone is getting tight pockets on their money with all the price increases on everyday necessities.
The other problem with the $40,000 car is it ties up a lot of capital, in this case for a few months. Better off with ten $4,000 cars, or even twenty $2,000 cars. You will probably double your money on those cars, so $40,000 in profit instead of $1450. And your money is always moving in/moving out. You probably won't have more than about $10,000 tied up.
I'm a dealer and never have more than 8k invested in anything on my lot. I'd rather flip a dozen $2000 cars than have 40k tied up in one.
@@nunyabiznes5792 - Good to know.
He'll get way more views with cool cars though.
@@PorkchopExpression very true.
Do you really park your personal Vette outside? Thanks for the trip to Europe! As for the BeSpoke deal, I'm always happy to receive free stuff - thx for the opportunity!
Occasionally
Buy some Toyotas and Hondas with 5 grands
And one Lexus with maybe 12-17 grands safe options with high potential revenue
Your brain is still thinking like it's 2020-2021. The crazy car prices over the last few years is coming back down to earth. Selling this car now for $40K is better than selling later for a loss..quite possibly a huge loss...
My personal thought would be to stop with the cars that don't sell quickly and for low profit. Just not worth the time and labor that your putting into it. Keep the goal of the series in mind. I would buy and flip vehicles that have a good turnover and wanted by your average buyer from week to week. Things like Toyota cars, suv's and trucks, Honda cars and suv's, Ford trucks and others that are popular in your local area.
Craig, you are defeating the purpose of this Ferrari excercise. It is not what "fun" car you like, it should be about buying cars that can make the most profit to end up buying the Ferrari. Your enjoyment just drags the process out as buyers for these high end cars are slim on the ground in your neck of the woods. Different if you were operating in CA.
Cheap cars I want u make more profits
I think you mean Vantage, not Vanquish. The Vanquish has never had a V8. The Vantage was (is) available with either a V8 or V12.
Shame that it didn't bring more. for your next cars, I think in this case quantity is better than one expensive car and they should be fuel sippers with the high gas prices. The should move fast with a good profit
Business is Business, trust no one. I have same clients for over 15 years. No work get's done till check clears.
Buy $4000-$5000 cars and flip them .
I think I've watched every video. You have a great way of making us want more. I am curious what you could do with a Copart car. That would be entertaining.
Long story short: Sold car for $40,750. Made a few grand profit but with all the extra fees, shop costs, etc. would've lost money. Promoted some new paid product. That's it.
I think you get the best of both worlds if you do one expensive and the rest on cheap little cosmetic project cars
Buy different cars its more work but more fun and better chance of making more money💯
Grand job Craig! 1. Poundland is sort of like your Dollar Store in the US. Don't really have anything like that here in Switzerland, as such. Of course there are cheaper stores in Germany I guess.
Don't worry about not seeing Aston Martins in England, unless you visit Mayfair, Knightsbridge in London.
Here in Switzerland in my town there is at least a Maserati GT, and a Lamborghini Hurracan in the underground garages in the next apartment building.
There's a Ferrari dealer and a Bentley dealer within 3 miles of our apartment building.
"Sell to the MASSES, eat with the CLASSES"..."Sell to the CLASSES, eat with the MASSES".
Why do you think you should sell high end cars.. keep to your shit boxes..
Id buy 5 or so regular cars that move quick n have a higher return
98% of your viewers can’t relate to Aston Martins. Don’t get too big like Hoovie did as he’s a shadow of what he used to be when he first started. Would prefer low to mid range vehicles in my opinion.
🤣🤣🤣 pound town
Craig i would buy three cars, one nice car for 25k, one regular daily for 15k and a project for 10k! U would as usuall win 2-3 thousand per car and that would be 65-70k budget at the end when they sell. Love ur content! Much respect from Germany!!
Start doing 3 episodes a week!
You had exactly $40K in that car? I assumed you had auction fees, shop costs, shipping, etc on your end.
Yes!!!
You know what happens when you assume….you make an ASS of U and ME
C&B auction fee comes solely from the buyer, same for shipping. RUclips revenue from this car gives way more than shop costs.
@@Mark-rt6fy I was referring to the purchase auction fees, Manhiem, shipping, etc. plus shop costs, etc. I do recognize there's ad revenue, but that's never been discussed as part of his $400 flip project.
@@dmcars147 Cars and bids is the auction platform he sold the car in, and it is not manheim. It charges 4.5% on the buyer, and seller lists for free. The auction does not arrange shipping and buyer has to contact the seller offline, and often pays for that too. These info are publicly available on cars and bids.
There is WAY to much risk buying cars like that at auction for a dealer. You are buying a supercar with supercar repair bills. One major problem and you are 🤕. Selling to the public, they can actually do the due diligence on the car. Come drive it, look it over up and down. Have a PPI.
Bespoke post!
Love your videos and advice you give. From upstate NY and long time subscriber here
Would love to see you pick up some sort of mid tier Subaru at the auction as your next project for the series🔥
Selling 10 cars and making $1000 each is a lot more fun (and more content) than 1 high end car that you make $10k on…sure it’s more labor costs etc, but 10 videos vs. 1 makes you more money too! Keep on rockin’!
Dear DUDE !!........... Looking Good !! ........ps.... A Great & very Interesting Vlog !! .......... GodBless you & Your Family And Ur Team !!
I feel your pain Craig. I sell cars in Upstate NY. Someone came to “buy” a car from me with a fraudulent Bank of America cashiers check last October. Took 4 days for me to realize it was fake when the funds to bounced out of my account. Took 4 months to get the car back with the help of law enforcement. And she finally was arrested for the crime 2 days ago.. crazy. So now I only accept cash or won’t release the vehicle til the funds are cleared.
That sucks. Perhaps you could’ve called the issuing bank to verify if the cashiers check was real.
Thats bold. They showed up in person and gave you a bad cashiers check. 🤣 I have heard of it happening, but thought it was pretty far fetched. I guess criminals just don't care anymore.
It first happened in Houston 20 years ago that I know of. It was a well set up scam. Multiple phone conversations with the Rolls dealer led up to a Saturday sell and same day loading on a ship to Hong Kong with new Roller that sailed Sunday. It was several days before the check bounced as did the car onvthevhigh seas.
Bespoke post!
Great video and can’t wait for the next upload!
Do a $20k each challenge with German !! That was one of my fav videos see who makes more again .
I would buy a few cheap cars. It's more interesting to see those transformations. You get to see German work is magic. Thanks for the videos, love watching them from New Brunswick, Canada.
Bespoke post. Love your content craig. Honestly best car RUclipsr I’ve ever watched. Cheap car makeovers are the most fun and satisfying videos
Quit scamming people..
Buy interesting cars with a margin in them… you said it, the moneys in the cheaper cars buy 3 at a time
If you take your 55k divide by $400 you can buy 137 Ferrari flip cars!!
Good work and we’ll done
BeSpoke Post, a surprise in every box sounds cool! I love the throaty sound of the V12 on the DB9! Craig, what's more fun, driving the DB9 or sitting at the light and enjoying the looks you get from the rumble?
If it’s anything like Temu it’s not worth it.!!! I bought around $100.00 of stuff from Temu, and everything I received was junk.!!! The materials were so cheesy!!! I know that you make some income by mentioning their companies, but I don’t think I’d promote Companies like Temu that sell junk…. I hope I didn’t offend you.!!! Because I do enjoy your Videos!!!
I hope you check the strut towers of the GTR . They are known rust points that will kill the car.
Video soon and strut towers are part of it
@@FlyingWheels that is a sigh of relief :D from me
At 21 minutes you talk about getting taken $4,000 when you were 18 yrs old. It's pure heaven you share who to trust & how to trust them.
My first 2 cars from age 16-18 were totalled by my first two roommates. Cheap cars* but ripped off all the same. Cars are one of the highest dollar & highly-personal off the durable goods that we'll ever own!! It almost hurts, the irony that they are mobile goods, and therefore so easily can roll right out of our hands... OUCH... Bummer
* paid $250 for '63 Nova in 1972-1975, paid $750 for 66 Suburban in 1975-1979 both totalled by untrustworthy friends
Stick to what you know...Bread and Butter Motor's...3.65% profit for the Risk is suicide... Spread the Risk...5x8k motor's...More work but think of the Profits...Car Trading 101😎😎 Currently in the UK iconic car's of the 80's are having a massive comeback aswell as Vans being turned into motor homes....These trends generally spread across the pond if not already 🤔😎
😁 pound town .. Bespoke post
Bespoke post. It would be nice to have some of that gear.
POUND LAND BEWARE 😊🤣🙌
Craig!!!
Why don't you do it like this name it "The Good Bad &The Ugly"
Good. Top of the range civic nice wheels paint low miles easy flip..
Bad. Badass boy racer tune wide bore exhaust wheels etc car or even a lifted truck easy flip
Ugly. Beater used daily few dings headlights need polishing or new couple of tires and a good valet paint correction something for you and german to get your hands ✋️ dirty wrenching on
Love your channel keep up the content
ONWARDS &UPWARDS!!!!
Another major loss for showing off.......stick to the dogs with fleas......you keep losing on the bentley, the ferrari, the aston martin all because you want to show off
I say use the $55,000 and buy a fleet of 1987 Yugo GV Fastbacks! Like Elon Musk always says, 'You can never have enough '87 Yugo GV Fastbacks laying around'.
Sell some jeeps and Hondas
You said you got a 3.65% gross return having that car for a month? That’s significantly better than inflation. Inflation is calculated on an annual basis. When you hear for example that inflation was 8.3% in April, that was the inflation from April 2021 to April 2022.
Two $25,000 car's ...
Craig. What I learn over and over again is auctions take all your profit
And you always over pay
It seems buying from the cars owner is the best
Get a through mechanic inspection and body shop and buy it from the owner with a very strong contract including clean title
Or do not buy it
I live in a 55 + community with every kind of car almost all very low miles and beautiful
And one owner car no kids
Older people who buy toys and keep them pristine
Those are used cars to buy and make profit.
Auctions just empty your profits
Best wishes
Craig. What I learn over and over again is auctions take all your profit
And you always over pay
It seems buying from the cars owner is the best
Get a through mechanic inspection and body shop and buy it from the owner with a very strong contract including clean title
Or do not buy it
I live in a 55 + community with every kind of car almost all very low miles and beautiful
And one owner car no kids
Older people who buy toys and keep them pristine
Those are used cars to buy and make profit.
Auctions just empty your profits
Best wishes
Knowing what you paid for this car, I was disappointed, because I liked it, but knew you wouldn't sell it for a loss based on what you paid. Miles, condition, mods, etc, this car is worth about $38K-$40K. (6 months ago even less). So it basically sold for what it's worth. You paid more than 'wholesale' at the auction for this car, unfortunately. Fortunately you didn't really have to invest anything into it, and like you said, got to drive an Aston for free for a few months. If I was in the states, I would have made a bid for it. Import fees and taxes to Canada would have killed the deal for me.
You’re wrong about your ROI. You turned 3.65% in 2 months. That’s just shy of 22%, considerably better than most investments.
“Poundland”……..Not lost on me !
( One of the…..no……THE funniest thing you’ve ever said !!! )
C&B is garbage, but glad you didn't get scammed.
Honestly amazed how they're still around given all the issues they've covered up.
BAT way better (though still a risk)
3 cheap cars, 1 Higher end 👌🏽👌🏽
Edit: 3 Cars keep the money flowing and that one car (Higher End) Attracts different buyers to the other 3 and rest of fleet 🙏🏼
just realized that somebody falsely representing this channel replied to my comment on the Mustang GT video claiming i had won something from that giveaway. this account had been active for 2 weeks! i submitted a complaint report to RUclips. let's see if anything happens.
✌️🐝➕
You are so right Andrew but Craig is interestedn in the 'impressing people' and that will always get you broke - he does not assign a dollar amount for the work that he does - example he spent 2 weeks full time on the Ferrari and took a bath - then there was the Aston Martin, The Bentley, the 5 cars he took to the Mecan Auction
If I were an investor in this company I would have pulled my money - here he is in the UK - how much did this cost him? necessary? he spends God knows how many months building a house, then Air BNB rnetals and he never makes money ! How about the boats? he can't really afford these things !!!
I have a 2022 countryman with those tail lights and I noticed the other day when you turn your Right Blinker on the half flag arrow in middle on lamp blinks towards the left and vice versa 🤣🤣 you should do a video on them or ask Why...😁 keep the videos coming...
Priceless knowledge you have gained from trying something new. At this point if it were me, I'd probably try mixing it up with some popular, profitable, but somewhat lower ticket rides .btw: I thought you're supposed to buy stocks or crypto when they're down,.
Stop buying these expensive flops. Make some real money on real cars. You can buy 3 cars and make more money on each. Tying up 40,000 on one car isn't getting anywhere.
Stay in your main wheelhouse, buy multiple cars. maybe make a competition between you, Germany and your Dad or Grandpa..... you buy 1 car each and see who buys the car that flipped for the most profit. I know you've done it with Germany before!
You gave the answer. Do what makes sense. Are you in business driving cars or selling them? Car prices are way up so why fool around. You should have kept the T-Bird.
Shooting Brake
I watch every episode. I began watching BECAUSE of the flipping to a Ferrari series. Frankly, it seems to me you could get to the goal much faster if you focused on the cars that really make money and not indulge your desire to drive fun cars as a part of this experiment. Once you realize your objective, you can start a new goal , if you are attempting to maintain interest on the part of your subscribers. Dragging the original test out too long may loose you viewers. Just a thought.
You actually saw a 21% return considering your money was only tied up for 2 month. 3.5% divided by 2 x 12= 21%.
Cars and Bids and Bring a Trailer charges the buyer a large buyers premium too. It really sold for $42,000, but you gave a bunch of it to their site.
Idk if you have it or not but a separate throw away iPhone and a cheap $25 mic 🎤 🎙 would help the wind auto on your outdoor shots, and a lens that goes over your phones camera is $40 kit on Amazon, would make your gold content platinum :)
11.43 you have never been to pound land? Whats the sister location called? At first I thought u said you took your wife's sister there tho lmao that would of been 2 funny
Start doing three videos a week please
I'm surprised the Police did not pull you for taking Videos of those cars, for future reference, you need to go to Kenningston, London to see the real expensive cars in England. Gold leafed covered Lambos etc.
Hahah americans… how are they still using paychecks instead of wire transfer??🤦♂️
Bespoke post. My favorite car in Britan is the green wrap SLR Mercedes Benz. You made my Monday Craig!
Bespoke post. Love your videos Craig, keep up the hard work.
Could you do next video like a German vs you, like a Muscle car challenge. Bought get 20k$ and buy a Muscle car.
Craig: What’s with all the “You’ve been selected as a preliminary winner…..” responses to posts? Is that a part of the scam?
Bespoke post do a challenge between German and your mechanic have them both go to the auction and have $20k to spend. That way it’s more of an equal challenge.
I think the wind got into your pipes right about 1:03 “todays video”
We need more videos by the way. Love your Channel. Cheers from DR
Maybe do like 3 15K to 20K cars to maximize profit? Get to that 85K much faster?
Love what ur doing. Take the cash and buy 3 other but dont exceed 30 thousend and make shure that from does 3 combine u get at least 10 thousend profit and that my amigo its duable. Take care and looking foward to ur next vid. Peace.
In my opinion, see what the auction has to offer. If you see 4 or 5 cars that you could easily flip for good money do that (In your case, you have to take in the entertainment aspect as well). $55,000 is a lot of money now. You could probably split it into both categories. 1 exotic special fun to drive car for a while and a couple cheaper easy to flip cars.
This car drives and sounds like my old Jag XF; what a fun vehicle that was. I wish I would've kept it a little longer but at least i enjoyed it while I had it!
LA BESPOKE POST big fan and followers from LA CHEERS!
Go for the lower cost cars, they'll sell quicker with more profit margin..tying it all down to one car will take longer and arguably with this market, a lower profit margin anyways
How did you make profit thought if you bought it for 40k plus auction fees? Plus wouldnt you have to pay fees to sell it?
Bepost post......Finding the gas prices are forcing u to pick up more economical fuel vehicles to sell?
Craig, I would like to see you buy one car under 7k and another over 20k preferably Jeep or German car like a Mercedes’
Break up the $55k into cheap cars. Let's see how quickly you can get to the Ferrari with higher margin plays!