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Houston Crosta

πŸ‘€ Speaker
894 total appearances

Appearances Over Time

Podcast Appearances

Digital Social Hour
Houston Crosta: He Bought a Bugatti Then Lost 25% Overnight | DSH #1593

So the day I bought the car, I could have called a dealer that specialized in those cars and sold the car directly to them as a profit.

Digital Social Hour
Houston Crosta: He Bought a Bugatti Then Lost 25% Overnight | DSH #1593

Wow.

Digital Social Hour
Houston Crosta: He Bought a Bugatti Then Lost 25% Overnight | DSH #1593

Right.

Digital Social Hour
Houston Crosta: He Bought a Bugatti Then Lost 25% Overnight | DSH #1593

About two weeks after I bought the car, the tariff situation started to kind of like come into the mix.

Digital Social Hour
Houston Crosta: He Bought a Bugatti Then Lost 25% Overnight | DSH #1593

Now that car is worth about 25% less than I paid for it.

Digital Social Hour
Houston Crosta: He Bought a Bugatti Then Lost 25% Overnight | DSH #1593

Damn, right?

Digital Social Hour
Houston Crosta: He Bought a Bugatti Then Lost 25% Overnight | DSH #1593

And it, you know, it's like a roller coaster, right?

Digital Social Hour
Houston Crosta: He Bought a Bugatti Then Lost 25% Overnight | DSH #1593

So now, and I think this is the case with majority of car dealers.

Digital Social Hour
Houston Crosta: He Bought a Bugatti Then Lost 25% Overnight | DSH #1593

they're not willing to invest their personal money or take any liability on these cars unless they have them pre-sold to somebody else.

Digital Social Hour
Houston Crosta: He Bought a Bugatti Then Lost 25% Overnight | DSH #1593

And I think it's like a daisy chain of pre-sold only to the end user.

Digital Social Hour
Houston Crosta: He Bought a Bugatti Then Lost 25% Overnight | DSH #1593

Like one dealer will sell to another dealer only because the dealer has a retail buyer on it over here.

Digital Social Hour
Houston Crosta: He Bought a Bugatti Then Lost 25% Overnight | DSH #1593

It's very similar to dropshipping, right?

Digital Social Hour
Houston Crosta: He Bought a Bugatti Then Lost 25% Overnight | DSH #1593

And you got to think like there's a dealership here locally in town that has an inventory of like 300 cars.

Digital Social Hour
Houston Crosta: He Bought a Bugatti Then Lost 25% Overnight | DSH #1593

Vegas Autogaller.

Digital Social Hour
Houston Crosta: He Bought a Bugatti Then Lost 25% Overnight | DSH #1593

Right?

Digital Social Hour
Houston Crosta: He Bought a Bugatti Then Lost 25% Overnight | DSH #1593

And so let's say you walk in there and just do simple math, right?

Digital Social Hour
Houston Crosta: He Bought a Bugatti Then Lost 25% Overnight | DSH #1593

Like 300 cars, let's say you floor them, right?

Digital Social Hour
Houston Crosta: He Bought a Bugatti Then Lost 25% Overnight | DSH #1593

The average car costs like $200,000.

Digital Social Hour
Houston Crosta: He Bought a Bugatti Then Lost 25% Overnight | DSH #1593

How much is that?

Digital Social Hour
Houston Crosta: He Bought a Bugatti Then Lost 25% Overnight | DSH #1593

You know, I mean, do the math.