The three ways people make money on exotic cars

Ed is the founder of VINwiki but before that, he worked for an authorized Lamborghini/McLaren/Aston Martin/Lotus dealership as director of sales. In this video, he explains the different ways people make money buying, owning, and selling exotic cars. Follow Ed @edbolian.

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

[nimzo]

Ed is a very fluent speaker. His vocabulary never ceases to impress me.

[shorecyclist]

"You've all heard the story about me buying the Lamborghini from the prostitute, " says Ed, without ever missing a beat. You remind me of Mr. Rogers, but for adult children with a sense of humor and a love for all things automotive.

[deanchan]

Ahhh Ed Bolian a master in telling godly stories

[guskipper]

The wholesale vs retail distinction makes a lot of sense. Hadn't thought about it in that context.

[pwrightisright]

This makes me feel like once someone has the ability to start buying the right cars, there is a pretty good chance that it can not end up costing much.

[DanielA-uybp]

Dam this guy is smart when he talks I listen. He looks rich too.

[astein]

I sell Cadillacs and like selling the used trade ins more than the new cars sometimes. Gotta love the car flips

[TheFelepeno]

After having binged through all the car story videos, I have concluded that you're now my favorite channel.

[CD-vprn]

I could watch videos with Ed in them all day long, love his accent

[pwrightisright]

This is interesting. That Range Rover flip was no joke! $45k in a day?

[VladTepesVEVO]

Ed's, I just wanna say that your voice is so smooth, that in a couple years you'll be considered the Sam Elliott of our generation.

[BrandonBennett]

Ed is so money he should be on tv. I would rather watch him than that Richard Rawlings guy

[sgfreak]

Was able to do the ole fliperoo on a Mercedes recently, sent it to China. Felt like I was living a vice documentary. It's pretty tough to do it these days though!

[philofab]

That is one of the best ways I've ever heard it explained.

[mattbalsinger]

I love hearing this stories and lessons from Ed, this guy is the man!

[neilnarwade]

Car's imported in India cost as much as 4x the price in the U.S. for instance, I bought a Range Rover in 2015 for $702082 i.e rupees. And I also bought a Land Cruiser for about $390046 a few months back. Then I have recently purchased a volvo xc90 for $156018. We pay a fuckload of money on these cars that actually cost a fraction of that price.

[thebonesaw..]

Initially, I wasn't very good at selling cars. There are tons of reasons a buyer might balk. A seller's job is to figure out what that objection is and then reassure the buyer that his objection isn't as bad as he thinks it is, or at least reassure him that some other advantage will offset whatever he's objecting to. Service advising is where my sales skills really took off, because in service, there's only ONE objection... cost! Cost is overcome by one of only two methods... either make it cost less, or convince the owner than he can't afford NOT to fix it (most often because ignoring the problem will make it worse causing it to become even more costly to repair down the road). Beyond that, the only choice is to simply choose to live with the problem until you are forced to fix it. Eventually, working in service as long as I did eventually made me a much, much better salesman, only because it taught me so much about sales to begin with.

[pardeep]

Ed and Alex are the two best on here for sure

[stangkiller]

Ahh Ed is back. My ears are soooo happy!!!

[MrFraserLaser]

wow this channel is really taking off...50k already well done keep it coming