Why I sold my New Duramax in less than 24 Hours! Flipping $400 to a Ferrari

I loved my 2020 CHevy Silverado LTZ 2500 Duramax Diesel but here is why I sold it in less than 24 hours.
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Into the AM Clothing

[cflwhat]

We don't care it took longer than a year! It's been super fun to watch you grow and get better and better at videos. Hope you do another flip series for something else, or some smaller flip series after this one!!

[robertcarly]

I would have bought a takeoff bed, plenty of places in N. H. And Massachusetts selling them and you probably could have found a white one?

[keenrell]

Gramps is awesome. This is awesome channel and content. Cherish your elders y'all. I'm currently watching this whole playlist and getting entertained and educated in the game.

[dawn]

In many (most) of these "Ferrari Flip" videos, Craig picks the vehicle after the fact, buys 3-4 auction cars, then afterwards picks which one will be the "Ferrari Flip".
But Craig videos are always very interesting, to watch.

[nicolausharvot]

Goddamnit! Very well done! I’m incredibly excited and happy for you. With anything in life seeing people do well, striving for something, and accomplishing is very inspirational. It’s why we celebrate and admire winners. Thank you so much for passing it on.

[richardmccormack]

I got to say something like Craig you're awesome and I have the first part of your program but I like the rest of the world are going to financial issues so as soon as I can afford the second part I'm going to do it and I tell you what the days I open up my dealership I'm buying my first car from u sir thank you for being such an awesome mentor and inspiration down to earth guy that I've been watching for a very long time on YouTube you have touched many lives because even though you make millions you are still down to earth and humble and that's what I love about you you give inspiration to more people than you know and I want to thank you from the bottom of my heart

[sigridmccarty]

I LOVE watching your videos. My late husband and I used to do this in Germany 🇩🇪. BOUGHT old cars that wouldn't pass the German inspection, but they passed the Army inspection. It was great 👍. I got to test drive all types of cars. The only I liked the most was a DATSUN Spot type car. It could fly lol 😆 😂 And the soldiers were 😊

[muskokamike]

5:25 that's not how it works in Canada. If you buy a piece of equipment it's called a Capital Cost Allowance and you can only write off 20% of the depreciating value of the vehicle per year for 5 years. This is because it has inherent value to the company as an asset.

Now if you lease a vehicle, you can write off 100% of the lease payment as long as you're paying the lease. That's why many companies will lease machinery like a CNC machine, table saw, Forklift instead of buying it outright.

What we can immediately deduct or "write off" is consummable costs like electricity, rent, garbage bags, wood (if you make things out of it and then sell), etc etc etc. When I had a boat charter business I even wrote off cable costs so I could get the weather network for weather forecasts. I even wrote off baseball hats, and towels.

[truckinglbc]

After 10 minutes of talking … okay now let me explain what I’m doing to this truck ! 😂 he’s a character !

[brandonm]

Flip up armrest for the win, We just bought a new to us 2500 and have 4 kids so 6 seats is a must.

[neiltoersbijns]

Hey Craig can you talk about the first 10 cars you sold when you started selling cars?

[muskokamike]

17:59 I remember that video when your daughter had on her pedal pushers and bobby socks...that was you have your letter jacket on and greased back hair? I can't remember lol....

[LSmiata]

Love the 56 T-Bird plug. My mom has had one since I was in H.S.

Correct on port-hole hardtop year and "air vents". The "spare tire" is known as the "Continental package"

Cheers,
P-Chi

[trendsetta]

Can someone help me understand the purpose of premiering the video instead of just releasing the video?

[rockerrockstar]

How about getting a 1990 to 94 Ferrari 348 Spider.

[dyates]

Great video. I thoroughly enjoyed this. Nice job and thank you for explaining the information that may be confusing to some of us.

[eddymahon]

I work at Adesa in Boston which is now Carvana and I can’t believe the money they are getting for garbage. Especially Nissans. It’s obscene. And I love your videos because they are never dull and you change formats which keeps your channel fresh.

[TheBilingualBanker]

Is there a specific Ferrari that you want? Or first Ferrari in good shape is getting the money?

[VikramKrishnan]

Wouldn't it have been easier to just replace the bed with a new or used one for a few grand

[lawrenceroth]

My 5 year-old LaCrosse has that same message. I never even thought it was for kids. It would remind me if I had my computer or a package back there.