Dealership Sells Customer Cars and keeps the Money

[@WTF-sh4is]

I remember that CNC motors saga unfolding years ago. That was crazy to watch and hear the reports coming out of that! I lived up in Ontario so frequented that dealership a lot to see their cars. Doug DeMuro did SOOOO many reviews of cars parked there also!!!

[@superameric8]

I was looking at a 650s when they got shut down....

[@elcheapo5302]

Is ANYTHING related to cars NOT a scam in 2024? 🤣

[@LuckyLopez777]

the hotdogs they give away at dealerships for test drives lol

[@PatrickC139]

Mine does cappuccinos lol ​@@LuckyLopez777

[@ajinkyarajguru431]

This channel

[@233kosta]

My 1996 Toyota

[@tenhundredkills]

Interesting! I had no idea you could even consign cars. Then again, I keep my cars until the wheels fall off, let alone worry about selling or consigning them!

[@davidsc2978]

I learned something today about car titles, consumer protections and law. Thanks Lucky!

[@p.f.droney8973]

My friends uncle did this in NJ and stole millions and left the country lol. He's a real jerk.

[@kenneth3558]

In California this is probably legal.

[@LuckyLopez777]

CA loves not helping people geting screwed lol

[@radzer0966]

It’s legal for them to discriminate against anyone from out of state apparently. They will dealer discount so much more if your local but if you aren’t they will jack the price up. And incentives etc can be identical in dealer zip code and vs purchaser zip code.

[@loum.4377]

At the end of 2002 I moved up to Cape Cod and I worked in Hyannis and there was a car dealership in one of the towns right before Hyannis on route 28. This place was large.. he had magnificent cars parked all over the place all the Italian cars, British cars German cars. I admired what he had. About eight months later, I was reading the newspaper, and that dealership was mentioned that the FBI raided it. The dealership would sell a car 5X and never deliver a car. So he get paid for five cars and he wouldn’t even give one car to one of the five people he kept it to sell it again and again. I was surprised that nobody went over there and took the law into their own hands. This was real money.

[@ExecuteBrandon]

No. If you have the title, you own the car. You can go to the Sheriff and have them recover the car for you.

[@thomasryan1535]

🙏 for NC Mtns & all states affected by the Hurricane & catastrophic flooding.

[@LuckyLopez777]

thoughts and prayers

[@BeezeBuildz]

As a small dealer I can say Lucky is 100% spot on. I only sell fun cars as car sales are a secondary business for me. Recently I had a 1970 Big Block SS Chevelle on consignment for 75k the seller only asked 50k which I told him was too cheap but he just wanted a quick sale. I listed it and sold it for 75k the minute the funds were available I got a 50k cashiers check for the seller knowing I tend to have cash flow issues I did not want to jeopardize the sellers funds or be tempted to float the money. WOW reading that back made me sound greedy but it's just the business and Lucky 100% spot on.

[@BB010864]

Glad I follow your Channel Lucky .. I actually was planning on putting my car on consignment . Screw That !

[@LuckyLopez777]

you just saved $$$$$

[@keithdaniels5918]

Had a local dealership not paying off the balance on trade ins…..people started getting calls for late payments on cars they thought they didn’t own any longer.

[@qualityautorepairtireautosales]

I do this all the time for customers. I sell at least 15 a year for customers through Manhiem & about 5 on consignment. My dealers license with the MO Dept of Revenue is set up on selling on a delayed title. I had to increase my Bond from $50K to $100K. The person who’s car I am selling they keep the title I scan a copy I can show the buyer. Never had an issue.

[@LuckyLopez777]

100%

[@qualityautorepairtireautosales]

I’m also selling regular vehicles I dont attempt to sell exotic or classic

[@randyfarbowich5443]

I will say, I consign my 2017 Ford F-350 Super duty which was tricked out. Phillips Auto in Newport Beach, Ca was honest and sold my truck and I was paid with no BS. Kudos and professional.

[@SirCarlosMusicBMI]

🌴🌴🌴. Thank you for your honesty. You’re a good man Lucky. Blessings from Paso Robles, California, Carlos

[@SIMPLEHECHO]

I remembered this information you gave when selling my classic car. Was called by a dealer offering to selling it for me. Sold it myself instead. Took longer but it was worth it.

[@Tracked350Z]

Glad I saw this. I'm usually on top of business related scams, but this one I was not. I've actually been trying to consign my Audi Q7 for a week now so this video was perfect timing.

[@BTC909]

Hey Lucky I used a dealer to sell an '03 Dakota on consignment and I think I got Lucky. I won't do that again and the dealer is long gone.

[@admiralradish]

Possession is 9/10ths of the law. it can work for you or against you.

[@fishhuntadventure]

That isn’t a law. These days they call it a meme. But it’s still not the law

[@whatsamattayu3257]

It's not called CONsignment for nothing.

[@jesusmartin6395]

Something like this happened about 12 years ago in San Antonio. Except this was happening with trade ins

[@benrichards9667]

"Dealership steals customers $$" lol. Good 👍

[@LuckyLopez777]

True story

[@phillyfathead]

As always great information!

[@LuckyLopez777]

Thanks again!

[@brianm.4243]

Scenario: Dealer goes to your house, steals your car, sells it with all these official documents to someone. You cannot call it in stolen because the person who bought it is protected because they signed a bunch of paperwork?

[@LuckyLopez777]

only if the dealer can prove you gave him the car for consignment

[@kevinbarry71]

CNC motors? Kind of old news. but still, just send me your asset worth hundreds of thousands of dollars. Trust me. Or better yet, just send me hundreds of thousands of dollars

[@LuckyLopez777]

every month more dealers are going out of business taking customers money

[@kevinbarry71]

It's a growth business for sure

[@niosanfrancisco]

@@LuckyLopez777CNC was a very interesting case. People blindly handed their cars over. And buyers were buying without doing PPI . A disaster all around

[@starzky1427]

Lucky your forehead matches your shirt I love your sense of fashion

[@LuckyLopez777]

I try to stay matching lol

[@ADxG1369]

Love your videos Lucky!!! 💪🏻

[@stephennoble5576]

The headline story is about CPR Classic in San Diego (Porsche Classic dealer).

[@MrD.J.]

I knew Clay from CNC since 92. He had a Ferrari he bought wholesale from me that I barely got paid on before it all fell apart on him. And not in San Diego.

[@JavierBustamante-xh3ln]

We live in a world full of thieves and Liars.

[@marsmotion]

bingo

[@radzer0966]

I watched street side and its consignment crap. They had a truck for 21k. It was worth 14k ish. A year later I was willing to give them the 21k they wanted 38k. They keep the prices so high so they can charge a monthly storage fee to the actual owner.

[@pl6935]

If that was to happen to me, someone will pay them a visit

[@brucemadden1626]

Thanks for the good info👍

[@deantrellzenonadair1949]

Bro’s got the bots on deck 😂

[@LuckyLopez777]

they are trying to push only fans lol

[@refineme]

Is it better to list it on Bring a Trailer? Or are there dangers there too?

[@terrylessmann2274]

Of course there are dangers. Starting with BAT wanting a low reserve - they don't get paid unless the car sells, so they want it to sell. A high reserve doesn't do them any good. If you don't agree to a low reserve, they won't list it. Then the car better pass the peanut gallery insults / nit picking. You have be active as the seller to answer any questions or deal with any problems. And you have to hope there are 2 ppl who want it or the auction flops. Successful auctions are a lot of work. You don't just send a cpl of picks of a dirty car and wait for a huge check to appear.

[@niosanfrancisco]

Took your advice, sold to carmax . Yes it was less but I left with check in hand 🤚

[@LuckyLopez777]

best way quick money $$$

[@MX-CO]

I knew a dealer that was selling customers warranties and never sending in the warranty paperwork, so keeping $3000-$4000, he went to prison for it, and the dealership got closed, it was a Ford dealership

[@markokrasinski8033]

Need more videos bro!

[@Jasona1976]

This is another reason why anyone involved with cars...no matter the area, is considered to be a crook and liar.

[@gandul1234]

What recession lucky? 😂😂😂 If the numbers on the reports come out bad they will say we are better than ever and tell us a year later that they made a mistake.

[@WoolfJ35]

I remember the first time I heard about consignment, and I thought it was an insane idea. I don't understand why some people are so lazy

[@terrylessmann2274]

It's a lot of work & hassle to sell a car. Many ppl don't have the time or inclination to bother with it. I've sold many friend's Porsches over the last 4 yrs b/c I'm retired, have the time and patience to deal with all the scammers, tire-kickers, and real customers. It's been a win-win-win for everyone.

[@Laith10p]

Im a wholesaler dealer and you know we can’t sell to the public so I’ve sold thru a buddies dealership a few times , do you know of any other ways I can sell to the public ? Or maybe things to be cautious of ? Thanks appreciate your channel brother

[@eyelovecolorado2195]

Bro at this point you need mention names of these dealers! Why you hiding them??

[@BADMAN-SJ]

Defamation lawsuits

[@Andrelightingdesign]

Lucky love your content! Is there a way you can create a list of dealers that are burning people in order to avoid them?

[@LuckyLopez777]

working on it

[@SamamahBoy]

​@LuckyLopez777 Yes please post this we will donate money to good causes in your name or if you have a patreon that would also work. Thanks!

[@alexlopez5800]

Gen Z is apparently “car con’s osiers” 😂 like they’re too young to know what a good car is and too late to drive the goods ones. So, people take advantage of the spoiled kids trying to buy expensive-overrated cars.

[@LuckyLopez777]

people are crazy

[@ricsu3462]

Specific cars are going higher and selling faster and faster with low inventory. Have been waiting with cash and they have just gone insane. Anything that’s somewhat limited production, challenge stradale, aventadors (most surprising as there’s so many made), murcies, scud, Diablo, 997 gt3rs…. Not ur urus g wagons rolls base huracans McLarens modern Porsches etc those mass produced ones are only going off the cliff. Gotta find the right pockets

[@ashishpatel350]

consigning cars is like going to a diddy mansion party and wondering why your ass hurts

[@dillondigital]

So a consignor does not have legal claim to their vehicle the dealer sold to another customer…but the lender does have claim to it? Is that correct?

[@randomheroyoutube]

San Diego ... my home 😂

[@LuckyLopez777]

did you hear about them?

[@JamesGraham1971]

I’m in San Diego too and have a few exotics. Had not heard about this…which dealer?

[@rottiek423]

@@JamesGraham1971A small shop on Industrial Way in Fallbrook CA 92028. Not sure of the exact address but Industrial Way is only 1/2 mile long dead end street so should not be hard to find out. I really feel for the older gentleman who had his 1971 Porsche 911 stolen from him. This is what got these thieves in the news.

[@shemayisrael4292]

I TRIED TO BUY THAT 911, PORSCHE BUT THE DUDE WOULDN'T BUDGE ON PRICE, I CAME IN $20,000 UNDER WHAT HE WAS ASKING, IT NEEDED TIRES, BRAKES, AND TIE RODS AND LEANKS,....HE REFUSED, AND GOT BURNED, ENDED UP ONLY GETTING $10,000 FROM THAT CON SHOP...I'D BEEN AFTER THAT CAR HARD IN THE 90's...SAD, IN THE END BRUH GOT ROLLED...IT WAS A CLEAN CAR TOO....FROM SUNNY SAN DIEGO, 🏺..MAHALO BATO, 🍭

[@fazman6218]

@luckyLopez777 - If someone is interesting in a used 2015+ Nissan GTR... right now the prices seem high. How does someone look up future estimated prices? Same question about the used Lexus LC500 v8 market? I personally would not buy anything till the full market burn down and then wait for the dust to settle and come in with all cash offer.

[@fazman6218]

A question about a regular guy wanting to become a dealership with my own personal cars, because dealer plates are easier to run around with instead of having to smog multiple cars all the time in California. California can be unfriendly to some nice cars that I have. If I were to be a "Dealership" on paper and keep two plates to rotate amongst my rides... does this seem like a viable loophole?

[@OneOut1]

Retired dealer here. That can e a smart move, especially if you like to swap in and out of high end cars. due to sales tax savings. Thinks to learn about before you move forward. State laws about minimum sales per year designed to prevent this. Insurance under a dealer tag. Maintaining minimum office and display area to maintain dealer qualifications.. Good luck.

[@goofabag5562]

How can anyone buy a car without a title and register that car its no way someone can take your car and only a fool would sign anything with no money id take my shit back and part it out

[@angelr4429]

Economy isn’t tanking. Dealers are extra greedy and desperate especially when they have the covid car gravy train.

[@LuckyLopez777]

$$$$

[@marsmotion]

comsumer credit is showing yes the econ is f'd. thats also why the fed just cut 50bp

[@Mattys556]

Ya know. If in this situation, i would imagine that the owner would "randomly" have a freak accident and no longer be with us. I'm just saying... luckily, I watch this channel so i would never be in this situation.

[@gregorioj.salazarbibriesca7157]

What’s a decent price for a 2020 Porsche turbo??(+ 25j miles)

[@FamilyNgo4eva]

🎉🎉🎉

[@FamilyNgo4eva]

❤❤❤

[@KILJOY6]

CORNER LOTS RAN ON A SHOESTRING ARE NOT DEALERS. I have a friend that own a Ford dealer I let sell my cars all the time. But he is a real DEALER. NOT SOME GUY WITH 5 BUCKS IN THE BANK UPSIDE DOWN WANNA BE DEALER.

[@PositiveVibes310]

👏👏👏

[@johnwaynewireman5262]

Sooo I don’t understand the title 😅 that’s how a car purchase works lololololol

[@kayleejaye_clips]

Yea I just leave it on the showroom and give them a cut

[@Orangeluciacat]

Gateway classic cars very shady

[@SRKNFL34]

Rich people, dumb people and greedy people always happy to consign their cars

[@voodoopat1-lb8pk]

San Deigo... Close to the border. Who's the real owner of the exotic cars dealership?

[@terrylessmann2274]

It's actually in Fallbrook. A 36 yr old lady is supposedly the owner but it's really her dad. He can't legally be the owner as he's a felon from committing fraud. Allegedly.

[@FamilyNgo4eva]

🥳🥳🥳

[@Lightdog555]

Lucky I think most if not all dealers scam people one way or another. It’s hard for me to feel sorry for them at any level. I am the GM of a national sports bar chain restaurant close to an auto mall and all I hear from the sales people , service people and managers talking about how they fuck people over and they are proud of it. Granted it’s anecdotal evidence but I would bet it’s closer to reality than most dealers being honest….

[@LuckyLopez777]

a lot of dealers suck. but there are a lot of good dealers. its 50-50

[@Lightdog555]

@@LuckyLopez777 It’s 90-10 I think

[@LuckyLopez777]

99-1 lol

[@marsmotion]

a fool and his money are soon..

[@jkairi4]

No one cares about rich folks selling their fourth exotic car and getting ripped off. If they have that much money, I highly doubt they are tuning into a KZbinr seeking advice.

[@8PMFORMULA]

This guy been claiming the economy is tanking for the last 4 years.

[@PositiveVibes310]

🐼🐼🐼

[@Nunuandu]

Stealership

[@chriskapralos5631]

lucky i watch some arab dude on youtube and hes paying so much for cars it doesnt make sense is that all bullshit

[@FamilyNgo4eva]

🫶🏼🫶🏼🫶🏼

[@PositiveVibes310]

[@loriereyes777]

❤❤❤

[@loriereyes777]

🫶🏼🫶🏼🫶🏼