“Most People Are Broke!” Lamborghini Salesman Reveals Who ACTUALLY Buys Their Cars! | Ed Bolian

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The Iced Coffee Hour 1h 55m 3 speakers 8 chapters transcribed 4 days ago
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What makes Ed Bolian claim he never lost money on a car?

Ed Bolian 0:00
I have found that buying the worst examples of the coolest cars on earth tends to give me the opportunity to let them go up in value. What's the most you've lost on a car?
Unknown 0:08
I've never lost money on a car.
Ed Bolian 0:13
It never gets old. I probably spent about a million dollars on cars. The current collection's probably worth something like seven and a half or so? Wow. The cheapest way to buy a car isn't to pay the least amount of money. Everyone can afford to own a car that goes up in value. How do you effectively negotiate? I am fully committed to this offer, and if it blows up on the way past your mailbox, it's my problem.
Humphrey Yang 0:41
So who do you think of all the car YouTubers is the worst with win?
Ed Bolian 0:45
Well there's one that comes to mind. Um Tyler is making terrible decisions so we don't have to if you have a really tiny p
Graham Stephan 0:52
What's the best car that will make it appear bigger?

How does Ed explain the rapid price increase of supercars?

Graham Stephan 0:57
Well
Graham Stephan 1:04
Ed Bullian, thank you so much for coming on the Ice Coffee Hour. It's great to be back, or I get to be in your house this time rather than you coming to mine. So I've really been looking forward to this because you've been correct about nearly every single car that you've predicted is going to be going up in value. We're talking Lamborghinis, gated Mercialagos, Bugatti, your Spiker, you just told me that you doubled your money on that one, which is incredible. Your client. Collection so far, to my knowledge, has made millions of dollars. And I'm curious how much money so far you've made buying these exotic cars.
Ed Bolian 1:37
You know, it's it's hard to say because there's a lot of different, you know, variables because I worked in the industry and so there's a lot of flips that are kind of unrealized. But I I'd suppose In the last twenty years, I think I probably spent about a million dollars cumulatively on cars that became combined with loans and trades and things like that. And I guess the current collection's probably worth something like seven and a half or so. Wow. Um now there's still some debt to handle related to that, but it certainly has gone in the right direction and generated a lot of equity. And you know, it it's not like I can see the future, but there are patterns. Right. And so that's really what the industry sort of demands and invites is some analysis of what works, what doesn't, and what the recipe sort of becomes.
Humphrey Yang 2:20
So have you now made more money on YouTube or investing in cars?
Ed Bolian 2:24
Well, if if I were to totally go liquid pri I guess it's cars.
Humphrey Yang 2:28
That is crazy because I feel like every single person we have on this podcast makes more from YouTube than their other thing that they're doing or known for.
Ed Bolian 2:36
Well, one aspect that's very critical to understand is that my content on VinWiki is not mostly me. I'm only maybe ten percent of the content. And I am not forced to buy a lot more cars than I naturally would for the sake of content. So, you know, Stradman is always buying, building, modifying, selling, perfecting, building like his version. Tyler is making terrible decisions so we don't have to. Freddie is in these infinite projects, and so all of those Those models work really well for content, but sometimes they don't require or even allow cars that go up in value. And so the sustainability of VinWiki keeping it very lean as a business works because I'm not as beholden to what the cars are to make the content.
Ed Bolian 3:19
The stories are, you know, are happened years, decades ago in many cases. And most of them, again, aren't about me or my cars. And so that's been great. Because I've been able to funnel a lot of the money into the cars, which I would have done with however the money comes in, but then I end up at unfortunately a
Graham Stephan 3:34
Pretty good position. So one of the cars you recently purchased, I saw was that red Bugatti. It is gorgeous. How expensive is a car? And most importantly, how expensive is that car to maintain? Also, you always say Bugatti. Bew. You always say. It's that boogi Bugatti. Bugatti. What color is your Bugatti? You didn't hear that. Okay. How do you say how are you supposed to say? The people from the Freddy.
Ed Bolian 4:03
And Veyron is hard as well because if you if you think about that as a French name, it would just be Veyron.

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