How does Ed afford his cars?

Eds Top 5 Car Stories:

Ed (IG: @edbolian) has bought and sold a lot of cars. In today's video he explains how it has worked and why he isn't nearly as rich as it might look. Keep good credit kids.

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Add to the stories of your cars and the cars you love on VINwiki.

[lsdzheeusi]

Ed may not have much liquidity, but he sleeps soundly at night knowing that, if he needs cash, Rabbit would offer him $5000 for the collection.

Correction: $3000 and a he will throw in a slightly used bicycle he got for free off Craigslist.

[Laffs]

Ed's transparency is as refreshing as it is helpful consumer advice.

[guskipper]

Other YouTubers - look how rich I am
Ed - here's how I look rich without being rich

[VINwiki]

We just want to thank you so much for supporting the channel. January was a record for new subscribers, views, and new users registering for our app. We appreciate you all for watching and helping us change the way the world looks at vehicle history. If you haven't already downloaded our free phone app, check it out today!

[brodywalker]

Watching you inspired me to start flipping in early 18. Always been a car guy, I'm a buyer for a nationwide dealer. So I knew the prices and it made good business sense. The first car I did in February was an 83 monte carlo ss. All original, white over blue. Beautiful car. Had 23k miles. I purchased the car from an older gentleman for $1, 500. Spent around $300 getting it right (do all my own mechanical) put 3, 000 miles on it and sold it for $7, 500 2 months later. Then came the chaos. I ventured into c10 short bed trucks. I'll buy a fairly decent original truck, ls swap it with a bell tech kit, and average anywhere from 4k to 8k profit per truck. I'm 24 and messed my credit up young, so haven't had capital for high end cars yet. But have since fixed a lot of my credit woes. Looking forward to 19!

[Fulloctanegarage]

There are 2 kinda millionaires... those that are worth a million dollars... and those that have a million dollars. Its not the same thing, right Ed?

[kipdiggs]

Yeah, that one thumbs-down is from Dave Ramsey.

[otto_]

I like hearing Ed mention his car went to Lebanon knowing that he got that info from me haha.

[jjlopez]

Crazy how big this accounts gotten love it

[berkguraybg]

Love how Ed refers it as prostitute lamborghini, as if it is a trim level

[adamfrbs]

Ed:Who Morgan Freeman wants to narrate his life. Ha

[itsdannymyboy]

Ed is by far one of the greatest examples of how being Humble and honest can define your growth and credibility in this world. Thank you Ed

[neveraloha]

At the end when Ed goes "I suppose I'll just have to... :) live with that"

This man is made of 100% pure charisma, that smug ass smile, Jesus brother you should teach a class on how to be so chill

[mateorules]

Step one build credit
Step two keep building credit
Step three buy the cars that will be worth more money in 1-3 years
Step four be humble

Ed has completed the steps flawlessly

[mattdetails]

I have to show this video to my wife. I have owned over 50 cars since I stated driving 22 years ago and when I was younger I lost a lot of money not making it a point to find great deals and then selling them as soon as I found something else I wanted. As I’ve gotten older I’ve become more shrewd and I only buy cars that I think I will at least break even on. Im a stay at home dad now so I flip a few cars here and there but mostly sub $20k stuff because I’m paying cash and don’t want to tie up a bunch of money. I keep trying to convince my wife to let me get into higher end stuff but she is leery, so I told her I’ll just finance them so as not to tie up funds...she isn’t exactly on board so perhaps Ed’s convincing words will sway her in the right direction.

[Dragunov]

VINwiki does it again!!! Excellent piece of content. If there is one great advice I take from the stories/advice that Ed gives... Is that to move ahead in life, you have to be willing to take risks. The key is to have as much information, contacts and a do attitude to mitigate some of the negative effects. Thanks VinWiki... Through some of these stories, I feel grateful for the "for free" mentor ship I continue to inherent to make smart decisions on my life. BTW my wife now thinks, I have a man crush on ED... Id say she is not incorrect. Lol

[ag]

I watched the entire ed interview series last weekend. Super cool channel. Keep up the great work guys.

[rollingtroll]

I love how Ed has barely had more cars than I did, since 2003, but somehow his cheapest one of the past 5 years is probably worth more than all of mine combined.

[ShockwavesV]

Dude, some of those profit margins are absolutely insane. Hats off to you, Ed. I'd love to see a video about the general repair items that go into how these cars are brought back up to that high-profit repaired state. It has to be more than just buying low and selling high.

[xyq]

Ed your craft of speech is impeccable, i dont think a single subscriber would be dissatisfied if you posted an hour long video