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How to be an exotic car broker

3906 ratings | 213576 views
Ed (@edbolian) has made a lot of exotic car deals. He hates the ways brokers insert themselves into deals without adding value but today he offers pointers on how supercar deals should be done. Butler Tire is your source for the latest wheels and tires from the best brands in the business including Michelin. When you want to take your car to the next level, visit https://www.butlertire.com/michelin Buy our NEW, LIMITED EDITION t-shirts and gear at our store.  - https://vinwiki.com/r/store Be sure to Like, Comment, Subscribe, and Share this with other car enthusiasts! Add to the stories of your cars and the cars you love on VINwiki. Download the free VINwiki iOS App - https://appsto.re/us/ijaAbb.i Download the free VINwiki Android App - https://play.google.com/store/apps/details?id=com.appzoro.sam3.vinwiki&hl=en Visit https://vinwiki.com
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Text Comments (404)
Roger Hupp (1 day ago)
Wow! If I was the person purchasing the car, I would have told the seller, “I’m sorry, but if you aren’t going to be a stand up guy and stay true to your word, I am no longer interested in the car.” Talk about lack of integrity on the sellers part.
glen phillips (5 days ago)
The rainman movie .
bbhdrtuvjg (11 days ago)
Any place where I can buy a VIN wiki sticker?
VINwiki (10 days ago)
Store.vinwiki.com
vegan penguin (12 days ago)
Ed i wish you were my only salesman for any purchase for the rest of my life
Concerned Citizen (17 days ago)
My first job out of college was at a Mercedes Dealership in Seattle in the early to mid 90's. I was hired because I have a knack for ignoring money, and fame. I did meet a lot of people like you, however, and my impression is that you are a real douche. I learned there was three kinds of customer. Old money, New money, ( Like an NBA player or Football), and the kind of guy who makes pyramid-scheme videos. There is no need to deal with anyone but the old money, and the new. You are the unwanted.
Bobby Singh (24 days ago)
https://youtu.be/9DkEWSwOpnA 🔥🍩
Kevin Hibbard (1 month ago)
Has anyone who watches this channel ever driven anything nicer than a M, Amg or a Porsche? I haven't. Edit: I got to drive an 80s Ferrari too, but it wasn't a special model worth maybe 30-40 grand
Kevin Hibbard (1 month ago)
So the impression I get it from all these videos. all supercars break, all the time, no matter what. So you better have a lots of cash.
bsheehan (1 month ago)
Wow, that's a crazy story, pretty low of the seller to renegotiate after the deal had been struck. Obviously buy low sell high is the mantra of business be it the stock market or cars, new and or used. I have a complex question and maybe some here can give some guidance, how do you determine which car to buy? I'd like to buy a Porsche. I look at old Porsches and I can see them going for 100k or more and I look at relatively new ones (a few years old) going for about the same. How do you evaluate the depreciation hit on a new car vs a used car not know exactly how it was driven in the entry exotic market (aka normal not limited or track series Porsches)? This from a guy who has only owned complete beaters or modest new vehicles.
Dr Doolittle (1 month ago)
This is the worst part about sales...it's one of the few jobs where people think it's 100% ok to screw someone over. "Oh...they just made a phone call" Well you own a phone jackass...why didn't you make it?
daxadam (2 months ago)
Hiding behind the wife, what a gutless move... Ed should've called the buyer and have him drop the offer 10k, no point having the buyer overpay if he ain't getting the entitled commission.
Taekwondo Time (2 months ago)
Trying to sell anything is the most frustrating experience anyone will ever experience in their life. 1% of buyers show up as advertised and pay the agreed upon amount 99% of buyers either don't show up, don't have the money, or try to continually renegotiate and talk you down on price
Renato 157 (2 months ago)
https://goo.gl/emDBFe
Ben Schneider (2 months ago)
You were upset with $10k for setting up a transaction?
kingkckc (2 months ago)
over all seems to be a decent guy, but hiding sales details is shady. transparency in market is needed for people to make informed decisions, hiding them so someone can make profit later is just shady business not a fan of that BS and why "invest" vehicles is a nonsensical thing. its just a bunch of rich guys scamming each other
kingkckc (2 months ago)
not advocating he needed to state the details in the video but just the fact he mentioned it was for profitability purposes later is why i bring it up
keithskillz90210 (2 months ago)
I SINCERELY wish Ed was my friend in REAL LIFE. I wish I could drop by the house and have these good, articulate conversations about cars. God, my friends suck....Ed, are you taking applications for new friends? Sign me up
John (2 months ago)
Why ANYONE would take a 5 mph bumper Countach outside in daylight is a complete mystery to me. It`s not just an eyesore,they make the car look retarded. The one that came to school in the short bus. And thats not how a Countach should have to live. Like the village idiot with a gross deformity
ddavid122 (2 months ago)
I hate those fucking people. Not just in the exotic car industry but in every business transaction, when they go back on their word trying to screw you out of the money you earned once the job has been completed. It can really make your blood boil.
Froggey (2 months ago)
Looks like you sold the car for $260,000.
CARTIOLOGY FILMS (2 months ago)
That was a piece of shit owner. You should display his name so everyone knows what a piece of scum he is.
Why not just list it online yourself (bringatrailer, ebay, etc.)? Don't understand how a broker adds value.
FireFoxCosworth (2 months ago)
I wish I can talk like Ed.
Literally Hitler (2 months ago)
Sounds pretty jewy.
JustMe ??? (2 months ago)
Does he ever take a breath. I'm dizzy
Deplorable Dave (2 months ago)
Soi Boi says wifey has his balls in a jar. Face Palm.
Clay Striping (2 months ago)
If it was 2075 and teleporting had existed for 50 years Ed could STILL sell you a car. Lamborghini found themselves a superstar salesman.
Cal Robertson (2 months ago)
Some of these VINwiki stories are absolutely insane ! Ed definitely has a way of keeping people captivated to the story. Keep up the good work 👍
Honesty First (2 months ago)
Suing someone is not always about the money. It is the principle. Even though the money owed was roughly lest than $7K, you should have sued because he didn't think you would. Verbal contract is as solid as a written one. Not to mention the owner gave himself up in the text messages.
It’s too bad that the engine didn’t blow up catastrophically after the cheapskate bought it.
The paint on that car by the 25th anniversary emblem looks like it was applied with a paint roller.
Roy LaPorte (2 months ago)
yes, a contract is a must. can't trust anyone
constantin58 (2 months ago)
The seller was ok with $205k (text message) but ended up with $55k more and cheaped out for 2% less commission.
Trucker DeadPool (2 months ago)
I would of said, so you're saying the deal's off. Deals off. Explains my mechanic friend that dude is trying to screw me.
dick Root (2 months ago)
"my wife wont let me" lmao what a pussy excuse. You can afford a six figure toy, but your balls are in her purse? nahh.
Max Meier (2 months ago)
Well, it would have been simple to just get a title on the agreed amount right before disclosing buyer and seller to each other.
Craig Schwegler (2 months ago)
In the end, it looks like Ed got him though. He was pissed enough to say ‘it was me!’ in the comments on this video. Very few people would have known who it was. He outed himself.
Bruce Lee (2 months ago)
This is a very rare type of man you come by these days, a stand up guy trying to make a legit deal and not screw anyone out of money. Makes sense why he wanted to get out of being a car salesman and left the business. I respect his honesty and can only hope this is the kind of fair deal we all get. 👍
Steven Sieja (2 months ago)
So you sold the lambo for 260k and split the 8% $20,800 commission with your mechanic. Should have been $31,200 split to $15,600. Lambo owner... SMH, but probably good confirmation to move on from being a broker.
Andrew Boccasino (2 months ago)
I’ve been in the market for a Lamborghini Countach for about a year now. I’m looking for a 1989 25th anniversary. It has to be white though. It has to be in exceptional condition, and it has to have less then 10,000 miles on it. It’s been extremely hard finding one with all the specifications I am looking. I’m waiting for the right car, and the right deal to present itself. If anyone owns one, and is interested in selling it or happens to know someone who owns one that is interested in selling it please let me know it would be greatly appreciated. Thanks in advance.
Reefy M (2 months ago)
Can you help me sell my super car ?
Bryan DC (2 months ago)
Well done! I personally feel what you are talking about when you mention leaving the car business. At age 32, after 11 successful years in auto sales, I put my pen away just two weeks ago. Here's to new beginnings... :)
ryan Mosey (2 months ago)
Wow what a piece of work this guy was! Also this shows how much class and how much grace you carry yourself with Ed. Your such a good upstanding man and thought of your friend above your own anger. This is one of the many reasons I love vinwiki and love to see the success you are achieving Ed.
Midnight Commander (2 months ago)
What a shitty person. Wasn't even man enough to own up to his decisions and had to throw his wife under the bus.
Claudius Pulcher (2 months ago)
Guy stiffed you, naming him would be a public service to other professionals trying to do a job. Ask him if his wife wants him to get sued. Bet he blinks first.
Robert Harmon (2 months ago)
If I blamed my wife for something like that she would have kicked all our asses and torched the car! LOL (Jersey Girl)
JC (2 months ago)
Jeez, you're a smart mf'er, Ed. Lmao!
Jav The Ripper (2 months ago)
Why are some people so shady!? How hard is it to pay someone for helping YOU make money??
YOU sound like a BITCH (2 months ago)
People are always gonna try to cut out the middle man, their ussually a unnecessary step and just drive up cost for very little to no benefit.
James (2 months ago)
Anyone know where that picture was take? Im pretty sure thats my roll-off truck in the backround lol
FPVREVIEWS (2 months ago)
Yacht brokers are scum for sure. Ed, you are too classy to be a broker of any kind. you are best off selling new vehicles, and getting stolen vehicles back. At least it's more entertaining for us!
ajdahun (2 months ago)
"You are a good friend"- Ed's Lambo mechanic
jean marc Giroux (2 months ago)
when your making calls here and there setting up buyers and sellers doing paperwork for 8 to 10% on 200K plus deals but still complain of not being paid enough thats when you know your a greedy lowballer I mean seriously making over 20K on one car even if it takes a few weeks or month to make it work is better then most people make in 1 year of actual hard work. I understand that getting things to work needs to be paid but really?? even if you guys lost 2500 to 3500$ each on the deal you still came out with a really good deal. Sorry I love the stories but this I dont agree with when I see people working their asses off ALL year to make ends meat and watching RICH people complaining about not getting RICHER over OTHER peoples cars for what is basically calling people and doing paperwork. I know that the hate comments I'll be getting will be from rich people not caring how they make their money but I see this stuff all the time around me and it makes people that do this stuff look like spoiled children complain about not being rich enough.
Timothy Cote (2 months ago)
The shrewd negotiatior was shrewdly negotiated upon
Timothy Cote (2 months ago)
I just sold a gmc syclone...the first guy that "bought it" agreed on a price at my shop and told me to drive it to his house the next morning and he would have the cash waiting...so a 2 hour ride later the next morning i pull into a driveway to see the buyer and a friend with a creeper and other inspection items they look it over for an hour and the guy comes at me with a price 20 percent less than what we agreed on and said his wife wouldnt let him spend anymore...and i wrote in my ad that i didnt want to deal with anyone that is gonna use the my wife excuse....needless tosay the syclone went sideways over his lawn 4 tires spinning
John Morrison (2 months ago)
“Classless decision of trying to renegotiate terms” Ed, that is the classiest way possible to describe such an act. I applaud you
Stevethe11th (2 months ago)
In the boat brokerage world there is so much legal paperwork so things like this don’t happen. Industry standard commission is 10% and most people are fine with that. Then some think they can do better on Craigslist and we have to convince them why they won’t do better or in very rare cases drop the commission to 8-9%. But this is always fixed before the boats are ever even listed.
Dr. Orpheus (2 months ago)
This entire video should have been one second long with him sarcastically saying "Don't!".
SeanFromPVD (2 months ago)
I'd finish the deal and then after I got my money I'd tell the guy to lose my number. If he has another car to sell, fuck him, he can try Craigslist.
Tony Montana (2 months ago)
Greed is the biggest problem of humans. I'm not surprised the seller would try and shaft you on the commission. When the whiff of money starts to circulate and you add a woman's poison, this is what you get.
Karl Hollywood (2 months ago)
The Chief Negotiator just convinced me in one paragraph that a 30k miler lambo is worth all that and then some compared to a 5k miler
Otter Green (2 months ago)
Wife forces him the sell his car then won’t let him pay a higher commission. I guess we know who wears the pantaloons in that marriage.
Johan Sidén (2 months ago)
Slimeball seller. Hopefully, he'll get what's coming to him down the line.
anthony stewart (2 months ago)
Lucky you are such a calm guy Ed. I'd likely have burnt his house down with him in it.
2Game (2 months ago)
car was sold for $260,000 (:
chaffeyman (2 months ago)
You said you won’t say how much the guy paid for the car but it says 205K in the text messages lol
André Ranch (2 months ago)
He paid $267,000 dont ask I just know. Cheers
cowpker4life (2 months ago)
should of just said screw it and let the guy be. im sure the buyer would understand
Darrell Simmers (2 months ago)
drop his name one time and let us eat him up...ur a better man then me
Rowan West (2 months ago)
Establish pro key fbzcyl addition bowl doorway tip tea host darkness.
Matt AdRev (2 months ago)
mmmmm countash territory sounds sexy
RC Codes (2 months ago)
my response wouldve been " my wife wont let me deal with people who breach contract and blame it on their wife" ..
diddy1226 (2 months ago)
I would have blew the deal up the moment he tried to screw me out of what we agreed on
Amadeus Posavec (2 months ago)
just be a real estate agent for that kind of money
Super Spice (2 months ago)
God what a little skum bag, that's why he's rich I guess. Every little bit of money is a big deal.
Charles Wagner (2 months ago)
God dammit I hate it when scumbag sellers renegotiate at the last minute. Scumbags.
King Jabari (2 months ago)
No schewed negotiations
Simon Beer (2 months ago)
Wise words from young shoulders.
Antonio Ronde (2 months ago)
SHREWD NEGOTIATION 101
AM (2 months ago)
So your wife wanted you to sell the car, you’re making more than you paid for it and now she doesn’t want to pay the higher commission? Obviously not the wife’s idea. No wife would refuse that deal. I would have called him on it.
Ben Wayne (2 months ago)
Was that the Kroger at Sugar Hill? I work out at that LA Fitness there lol
Bryanbobber (2 months ago)
I sell exotics for a living and this happens more often than not. Always using the "Significant Other" as a scapegoat to back on earlier promises. One day you are buying a house the next day you are selling a house. That's the game and will always have its fair share of these people.
1776ERS (2 months ago)
If you made a honest mistake you honor what you originally said when you have dignity, respect & honor not to mention fair & have empathy. When you are a greedy, self centered person who’s word is worth less than a chewed piece of gum that’s stuck under a table then what he did to Ed seems sensible & fair.
Alexander Walker (2 months ago)
First new video since I found this channel. My body is ready.
Chuck Gilliam (2 months ago)
What's your opinion on vice president of marketing at the largest Porsche dealer in the country, Shiraaz Sookralli and the missing money? Over the last year, he collected over $2.5 million in customer deposits for dozens of the company's ultra-exclusive 911 GT3 and GT3 RS models. There's only one problem: The cars never existed, the money is missing, and Sookralli just vanished without a trace.
Chuck Pennington (2 months ago)
A deal you made went badly
Nick Wancho (2 months ago)
What a dirt bag I would have aired him out all over social medias.
john mac (2 months ago)
the owner was a very un honest person who as a man his word is now worth nothing an karma will straighten him out !! he probably lost all the money to a nigerian internet scam lol
VAC2 (2 months ago)
"Ed", yea....that one guy'
Carlos Riva-Palacio B (2 months ago)
why don't you make vin wiki a place when you can also buy a cars with a story that is well documented maby just premium cars. People I think (specialy the once that are trying to make a collection) would like that.
Carlos Riva-Palacio B (2 months ago)
if you like the idea I woul like to be fetured I have some great stories about the car culture in Mexico.
Bo Jordan (2 months ago)
Is there any way to meet the Vin wiki guys located in Atlanta? Huge fan of the channel and my birthday is coming up. Would love the opportunity to see some of the cars I've herd story's on and possibly meet Ed.
Steve Shillinger (2 months ago)
Ed, have you ever thought about doing audio books or voiceover work? I swear I could listen to you talk all day. Also, you’re a good friend to your mechanic. I would’ve told the guy to get bent and slander his name in the exotic car world
Uncle Justin (2 months ago)
I used to deal with the super rich as I did home tech support for their computers and home entertainment. They are notoriously cheap, notoriously bad about paying their bills and even worse about keeping promises. I hate to say this because I'm not into class warfare and I hope to be wealthy one day, but treating the little guy like shit because you can is low class.
Dylan Courville (2 months ago)
I lack the understanding and fail to relate in any way whatsoever to the individual that only puts 5k miles on any car.
acchaladka (2 months ago)
This is why the less sophisticated have friends with baseball bats. Don’t be so sophisticated: it’s the white collars who deserve the treatment most. Fuck those guys.
illoussef (2 months ago)
A man is only as good as his word , as they say.
Demicron (2 months ago)
Fuck the scum bag.... then they buyer should have paid at what tier you got paid.... and tell him to get his balls out his wife's purse.
KFStreich (2 months ago)
I love folks who try to renegotiate, I say I think I can work with that, and here are my new terms. They always get pissed, then I let them know I won't accept their changes.
Sebastian Aristizabal (2 months ago)
The shade is real.
blakebodaciousFTW (2 months ago)
if anyone wants to start selling exotic's cars please watch the ED Bolian playlist hes seen it all.
grumpyjuicetrucking (2 months ago)
Ed is the best
Your Mums HITACHI (2 months ago)
Change the title to brokering Exotic cars reluctantly

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