I Bought 3 Lemons! $400 Car to Ferrari Flip Gone Wrong - Flying Wheels
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- čas přidán 5. 09. 2024
- Here is what its really like being a car dealer. I bought 3 Lemons at a dealer auction this week. Heres what happened...
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I appreciate the fact that you didn't 'sugar coat' anything & show us the buying sell process 'warts & all' ... thanks ... this is going to be an interesting journey ...
I also love that he decided to switch to net profit. I literally complained about it last video. This is way more authentic, big props to him. I think it'll be a big benefit long-term too. This series will have allot more interest and credibility IMO.
@@ViolentMLG Totally agree ...
Certainly help figuring out how much it actually costs to do stuff like this
Personally I never (ok rarely lol) revel in someone's misery....unless of course it's funny as hell...this wasn't funny. Thanks for the plug and compliments btw!
That's a damn beautiful piece of wood man!
Amazing work!
@@dragonzord6615 thank you!
Nice wood. No homo
@@AP.Production I hope he wasn't playing with his wood in November.
As a used car manager at a car dealership this video hit me in the feels. I appreciate your honesty in showing this. Not every car is a home run, and if it was that easy everyone would do it.
Yes Jacob! But in this business we all must go test drive your as is cars beforehand so you can bid accordingly! Otherwise asking for the surprise
@@richnostro3992 I agree Rich, unless test driving isn't permitted then one should check most common issues, sounds and many other things while hoping for the best. He mentioned his mistakes which in this business can be costly.
*We all have our bad days lol. You'll make it work. Love this series!*
So many channels and just before I comment yup there’s Randy! Lol Love it!
@@CoastalAutoReactionCAR facts
really ? you love the series?..hmm..okay then..my thoughts have changed about you :)
Randy in the building !!!
Shouldn't you be working on content? Just kidding. Keep it real.
Can’t wait to see when you get into the Tahoe/pickup truck price range
Ha, he has had those he posted before. Those still have problems with the 14+ lifters, direct injection, transmissions.
Still decent trucks can go cheap as hell and sell big
Oh yea. Dodge rams with Cummins can be flipped for a lot
Can't wait to see how you turn these around. If it doesn't work out you should at least still be able to turn $400 into a fiero instead of a Ferrari 😉
Not gonna lie this is funny and underrated.
@@RandomLombax37 ill be honest too,it wasnt funny
Keeping it real....you can’t say everything is a win. Sometimes you lose that’s part of the game. Props to you for showing the good & the bad.
I worked in the shop of a wholesale dealer in Missouri for several years. I have witnessed firsthand the misery of crap deals. But that has also taught me a lot about what to look for when buying a used car!
Lmao when he said fuck he let the word go and then bleeped the word after. That had me dying of laughter
Lol I didn’t notice that until I read the comment
11:44 Lmao
Appreciate your honesty because all dealers must know there’s gonna be POS that dealers run through and stick you with the headache
Getting all the bad out of the way so now you can see clear sailing
Hopefully you will get the money you need.
my first loss was a 2012 Audi A4, still not over it but I learned from my mistakes, no more auction Audis for me!
Old Audis only for me! 90s to early 2000s is where its at.
Your going to make us wait with anticipation?! Lol I can’t wait to watch it! Love your content just got done with the boat series!
Win some, lose some. I appreciate that you keep it real and show the "lose some" parts.
Don't know why your channel isn't a million by now... Great Work! .... Keep it going!
Agreed. 😁thx
You didn't mention much on the Mustang. BUT you said cheap repo, that usually doesn't turn out well.
This is GREAT content Greg. That's how many cars come from auction, and you are blessed to have a team that works with/ for you. Starting solo and taking care of all the hoopties you buy, making them straight (not only money but time and frustration), then the paperwork, keeping the overhead low, dealing with customers, paying vendors, etc. No walk in the park.
Those 2.5 Altimas are a gem, I've had 2 now - more recently a 2015 and I've never had a cheaper car to own. Not to mention I've taken that thing in fields, dirt roads, through the mountains and more. I've *heard* about the CVT issues but changing fluids once every 50,000km has never led me to have one.
Solid content man. I really appreciate you showing the reality of buying from dealer auctions. This really shows how someone who doesn’t know what to look for, or in this case someone who actually does know what to look for, can have a really bad day buying from an auction.
Hey! Always make sure to buy reliable cars! Toyota, Honda, Ford. Anything else like Chinese or GM you should not buy unless it has less than 80k miles on it! Wish you better luck next time, can’t wait for the end of this series!
I'm sorry for having a bad day, but its very interesting though!
And the editing is MUCH BETTER now! Thx for the effort!
You inspired me brother! I bought two trucks at auction to clean and flip. Problem is here in Oklahoma I have to wait 2-4 weeks for each vehicle to get all the necessary paper work to be able and resale at the highest possible value.
Thanks for teaching us the realities of cheap car dealing - some very valuable lessons learned already. What I find difficult to understand is why do people come to you with issues e.g. air con compressor when they are told right at the outset that the car comes with zero warranty ??!! It's bizarre
that's ricidulusly nice of you to cover the labor on that accord. Maybe you should have told him he should pay an independent mechanic $100 to look the car over before he bought it.
No idea why CZcams recommended this series but im hooked.
Craig, this is exactly why I watch your channel. Everyone makes money on good cars. But, we learn invaluable lessons from watching wwhen you have problems and what you do to overcome them. And we know you will overcome them!
Craig, you get an A+ for knowing all of the angles. Good advice regarding the customer warranty.
Thank you so much for going off net income instead. I just started this series and I absolutely love it so far. I'm 19 and want to have a dealership one day following the same motto as you, selling cars that make me smile to make the next owner smile.
Just keep telling yourself.....it's YT content.
This is obviously real, no BS, I am getting the highs and lows. I love the refreshing honesty... And it's fascinating. I am clicking the comment button and then the subscribe button. I want to see where this ends.
This is what makes your channel so great. The good the bad the ugly.
hopefully the Equinox is just a trans fluid and atf filter change.
Na, in 25 years of wrenching I don't think I have ever had an occurrence where a fluid change has ever fixed a trans problem. Fluid low, yes. No reverse, that trans need to come out.
I had an old Chevy Corsica that lost reverse, was several quarts low. Very fortunate I was.
@@TheSupervillain316 cool. my friend had a Corolla that was not shifting past second, took a look and it had like a quart and a half when I drained it. Did a fluid change and atf filter and it was like new
@@mph5896 my friend had a Toyota corolla that wasn't shifting past second gear, I did a fluid change and found it only had a quart or so when I drained it, changed the atf filter too and after that it shifted and drove perfectly
First time trying and it worked
Your series is inspiring me to do this... Always wanted to do it and finally started. First purchase by me to do this was a 2005 Maxima... with a 3.5L... you at 5:20 "I don't mind Altimas the 2.5L motor was decent but I never buy Maximas or anything with the 3.5L motor..." Well I experienced why... Backstory: Bought it for $600 and spent $200 so far on it for fluids and tow home from where it sat. It was advertised for $900 but doesn't start. Thought it may just be something simple like a sensor or tuneup. However when I got to the guys place to come and check it out, he had accidentally locked keys in the car with no way to get them (only set). So I couldn't try and start it. Told him that I would take my chances and offered him $500 as is but settled at $600. Called my tow truck buddy and get it towed to my place to check it out. Got doors open and tried starting it - didn't sound right. No chug chug noise like normal engines make when they are being spun to start. Compression tested it - basically no compression in any of the cylinders. Thinking it is probably head gasket. Got the top half of the motor apart but it is a pain to get all the way to the heads. Not gonna waste my time.
So... Part out a few pieces I can sell to get some money back then to Pick n Pull with the rest of the shell. Any suggestions what small pieces I can grab from it to sell that I can try and get some money back out of it? Kinda discouraging that my first try was a dud, but I will try again. Hope for better luck next time. Lol. Maybe I will do a youtube series on my journey...
“Well the title is here” 😂😂😂😂 I felt your pain man
I spend a fair amount of time in all the wholesale auctions. Its definitely a rush you end up with cars you sometimes didn't plan. And always say you will only get things that you looked at but thats not the case. It is still a very interesting business that I enjoyed while I worked at a small dealer. Everything you say is accurate looking for big dealer names etc. But its always a gamble. Nothing like walking through the lot finding your buy a little adrenaline builds up when you see it or when is a little better than expected. And that feeling, when you are hoping nothing is wrong but have a gut feeling. Thanks for the videos bringing back memories.
19:05 hahahaha Im dying.. I love this series. Greetings from Germany
equinox over in NZ is called a captiva, but we call them CRAPTIVAS
The captiva is a rebranded vue that got replaced by trax. In other country the trax is called Captiva
Same in australia bro. Good ole craptiva
@@steamroller231 Such Piles of shit. BTW did they ever settle The Class action lawsuit over the colorados 2.8 TDI eating themselves alive ( burning LITRES of oil every 1000km )
@@Vikturus22 no idea mate. I know the class action lawsuit against the powershit transmission ford is still ongoing. I have a few mates that are part of it all
@@steamroller231 oof. I guess I might be in a good boat then lol. I got a Lexus ISF and it went in for a airbag recall but thats it lol
That's okay, lemons happen. Stuck with one from auction as well, tried to make it a daily but when we bought it we got it here in Colorado for 840$ 2002 Pontiac Grand Prix. Transmission was bone dry when we bought it so I added new fluid and additives, turns out we find it has a bad alignment which end up being all front inner and outer links along with one outer link being previously JB WELDED...just some transmission slips and alignment issues.
Avoid any GM Suv with the 3.6
HA, agreed. I pushed my sister to get one, it was cheap and thats what she could afford. Mistake on my part. I had the entire powertrain scattered all over my garage floor last year due to a trans replacement on an Acadia . When they are all sorted they drive nicely. But overall TOILETS.
What a great series! I'm pumped you're in NH I'll have to come down and visit sometime.
Craig, these videos are still fun and informative, even though you don't have the best of fun with them, but I still hope your at least having fun making them for us. Like others say, you don't sugar coat anything and your showing us ups and downs of the business. Keep up the good content and look forward to the next.
Excellent video I love that you brought to light that not everything is easy and you’ve shown the real side. I subbed 👍🏾
Loving the series so far, nice to see a car dealer with a human side 👌
I really do appreciate the fact that it shows the good and the bad. Also great customer service
Lengthy vids, but you manage to get straight to the point. I’m binging this content!
Dang! I need an engine for my project GMC Terrain.
Only wish you were closer to my neck of the woods Id make you a deal!
Sorry you had a bad day! I just came across your videos and love the series! I went ahead and subscribed!
I’m a new subscriber and I really enjoy your channel I’m in upstate ny and would consider buying a car from you once things get better, but keep em coming I appreciate your transparency brother !!
Love this video it's nice to know that car dealers have bad days too. I bought a Expedition and a from a private party masquerading as a Mexican dealer and. After I bought it and got the title I had to put $3,000 more in to make it run right. I might as well have gone to a little car dealership like yourself and bought a vehicle that's probably been gone through. Hopefully I will learn my lesson when I get my replacement vehicle I went in the next year or so.
Great story teller and fun to watch. Believe it or
Not watching your mistakes is more entertaining because of your humility
It's total education for your audience.
Nobody is exempt from the shitshow that is 2020. I'm sure it'll all work out. Hopefully those trans issues are a quick/easy $1200 R&R that you can recoup in the sale.
Damn , that accord was a freaking good buy .
I've got a buddy who has a small car lot and he only sells Honda, Acura, Toyota and lexus. He basically said that it's just a lot less exposure to problems than he used to have. That reminded me when I saw the equinox because I was looking at one for sale and asked him what he thought and he told me unless it's free just walk away.
Unfortunately most American vehicles are more or less junk these days. They just don't seem to care anymore.
Kudos to you for not sugar coating this series and keeping it real! Hopefully you can salvage the “lemons” and still come out in the green! Best of luck!
love your channel... used to live next town over (KINGSTON)... been trying ti get into the biz and value your knowledge and input
I understand the pain of bad transmission. My 2009 Subaru auto transmission got stuck in reverse in all gears...ended up giving the car away. That feeling of despair is a different level when something so expensive goes so wrong when under pressure. I feel for you, and will watch the next video to learn how you deal with this situation.
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Two chevys with 3.6 v6s. You are a brave man. I own a 2006 srx with 200,000 miles so I like em, but they must be maintained rigorously. If you run it low on oil, timing chains are in your future.
I work on and sell mopeds for a job as a highschool student I understand what you are going threw but not to that scale everything always comes together and no doubt those cars will make you money
The Equinox is toast. The SRX will probably be fine, most likely just needing some ATF. The F-150’s repair will be easy and inexpensive.
This is why u see more Japanese cars on the road instead of American cars. The Big Three need to step up their game. Craig , awesome video , hope all goes well. You seem like an honest used car dealer. Which is few and far between
Your intro is soooo much better than the previous one.
Never understood that point of this, just upload the dam video. (:
Same, by the time the video is uploaded, its further down the subscription list of videos and people have to scroll down and find the video again. Some may even forget about it if they have alot of subscriptions
So you can all join and watch at the same time join the premiere and chat with us tonight!
@@FlyingWheels fair enough
Posting premieres this early actually hurts your video exposure. I learned the hard way. Friendly advice from someone who has been doing this for years. 30-1hr is optimal time to post your premiere.
@@AutoAuctionRebuilds good to know. Thanks!
Don't worry Mr Flying Wheels, we've all had these type of days where we feel like things aren't going our way. I'm sure once you're driving that Ferrari, you'll look back at this time and laugh at these struggles.
Best of luck with everything sir! As a young recent college grad, I admire people like you that take the initiative to level up in Life.
Your misery at least makes for good youtube content! 😁
True😁
It wasn’t fun to watch but interesting to see your reaction. I’ll bet your attitude tomorrow is back up to making lemonade out of lemons. Can’t wait to see you do it.
Love the channel I just got into selling used cars i love it.
One day I hope to have my own used car dealership thank you for all your information
What a great video! I watch lots of channels on You Tube and what I really like about your channel is each video is not just about the same old thing all the time...although auto related you always come at it from an interesting and entertaining angle to keep the viewer engaged. Thanks for posting
I'm 30 seconds in, and the moment there was no reverse was the most real shit I've ever seen. 💯 I felt that. And, anyone who's delt with it knows. Lmao 🤣 🤣 🤣
Feel bad for you but its the reality of the business and Im trying to get into buying and selling car you're a big inspiration 👍
Like the fact you are taking some real costs in consideration. And these days happens it is part of the journey and makes this serie as real as it can be. Might not be fun for you wallet but it makes the serie better. Good luck!
Used transmissions are usually cheaper to replace than engines from my experience. That may be a plus.
They're actually pretty simple and cheap to rebuild o3f you do it yourself!!!
Turned off Netflix to watch this. I like to stick to Japanese vehicles for now but I am enjoying the channel and learning a lot. Appreciate net profit as well. I bought an 05 Mazda 3 Sport wagon 190kms that was supposedly no accidents and surprise it turned out it was rebuilt. Lesson learned for me to always run a vin check. I still made some money but much less.
i gotta mention it since i seen it, early in the video, theres a white chevy coloroado (2005- 2013) these trucks are amazing and im sure you could flip it easily, nice compact truck, engines live long, can tow etc... two things if you plan on flipping drive to see if it shifts nicely, and check the rear frame rail in FRONT of the leaf springs for rot holes. either than that, super lovely trucks, i bought one for 3 k.... definitely worth putting some work into
This where the real magic is! Getting out from under a bad problem and still turn a profit!
The way you switched from reverse to drive in the caddy is probably what caused the reverse to fail on the Chevy. Full stop before switching from reverse to drive will prolong the transmission. Especially on vehicles with weak transmissions.
Sorry to see that you bought duds, but it is good to see that it isn't all good, you show the reality of the business and I respect that, good luck on the next one!
All of the dealer auctions I went to here in Washington State and Oregon had test tracks where you go test drive the car
Oooh that sounds fun!!!🤣
That knock you heard on the Ram truck is probably cam lifter failure in the near future. You’re right to stay away from those 5.7 Hemi engines at the auction.
man i am really enjoying your content, you can make your videos as long as you want and i will still watch them till the end
I enjoy your videos. Ironically, I dropped out of college and worked for 3 miserable days for a high volume, high pressure, high turnover in employees, Chrysler dealer in Maryland. I quit when I was told to lie to potential customers. I returned to college. I’m writing to ask why you avoid Eco-boost cars. I love my 2016 Mustang which has one. At 45k miles, it’s been a true gem of a car.
Well if you bought 3 lemons, it looks like your making lemonade. I'm sure you'll find a fix. Onwards and upwards.
Lemons? that's not at all what a lemon is..Buying an old crap car ,and getting exactly what you paid for is what it is.. I imagine there is a lot of wholesalers who talk to each other and say things like " don't worry Craig will buy it.Other guy...."he's not that stupid" ,back to other wholesaler.."have you seen his videos"..
All good Craig..I just tune in to see if you are serious... you do absolutely no investigation on these cars ,and when they come back with issues ,you are perplexed..
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This is the side of the used car business that customers usually don't get to see so its pretty awesome..you know the old saying "if it was easy everyone would be doing it". sometimes you get lucky,both the srx and the equinox might just need a trans filter and fluid flush.the F150 needs a new throttle body as I believe the tps isn't replaceable.
I realy like this series! U r making fun video’s to watch! Im binge watching the hole ferrari flip series 🤓
Greetings from the netherlands✌🏻
Shit happens man, at least you got a new subscriber ;)
This must've been a pain to deal with those cars
Guys pls give him words of encouragement
Subbed! This is a great series. So much reality in all this
S4, S5 is a coupe
You should buy cars you know odds are in your favor. Knowing vehicles like the equinox are likely lemons, you set yourself up for failure. Also bring scan tool to scan computer for problems.
Can you go back to the auction and recoup money like the Gray car you turn back? What about a quick clean and rerun like you talked about before?
Most people will test drive before bidding
I bought a car with a transmission jump. After a fluid flush and new oem fluid replaced, it's been about 3 years and runs perfect.
if you’re a private seller in Vancouver, BC Canada you have to pay 12% sales tax on both new and used cars you buy. Then when you’re ready to sell the buyer also has to pay 12% sales tax to the Provincial government when he or she registers the purchase. A Dealer doesn’t have this handicap.
Also there’s often a hidden major problem with the car you want to flip. It could be engine, transmission or tires. Tires you can spot and factor replacement in the purchase price. Potential buyers I find want to buy a Honda, Toyota or Japanese brand and rust providing it’s accident free is not a problem on the West Coast. It’s the sales tax that’s the problem.
I'm learning from this series . Will you please show what to do when customers need to make pay payments
Paperwork
@@melmendoza4996 if there was a word for being a dealer that is it 😂😂
You have mentioned in several videos about doing rust repair, especially the visible stuff on the rocker panels. Can you do a video on how to do those fixes?
I appreciate this series. Thank you for sharing. Wish I had the currage and confidence to even try something like this.
That was a B6 S4 not an S5 by the way! Keep it up, I've been tempted to follow your lead and trade up to my dream Lambo! 🔥
I want to see more on the expedition!!!
I wanna get into flipping cars as a side hustle keep it up meyn your helping the youth
good on you, taking care of local customers. great series; great channel. thanks
Enjoying this series you win some you lose some,I’d put a transmission fluid addictive in both the equinox and the caddy and run them back thru the auction,the f150 can be fixed if that’s the only issue it has that mustang is going to need body and mechanical work and it’s 🥶