High End CAR PRICES are CRASHING - My $124,000 Range Rover Sold for a STEAL at Auction!

Рет қаралды 72,945

Күн бұрын

Пікірлер: 289

@cmcb7230 Ай бұрын

Pro tip don’t use the depreciation of a POS Range Rover as a tool to measure the health of the economy. There will never be a time in human history when a Ranger Rover will retain its value.

@BlastingBeaver Ай бұрын

Top tip ... DONT buy Land Rovers, they seem to have (a very well known) problem with reliability 🙂

@SamslamminCars Ай бұрын

I warned friends who wanted one. They dumped it in under 2 years & 3 + months in the shop. The wife now drives a 02 Toyota Avalon that cost her only 1 month financing + insurance for that Range Rover; loves it.

@daveunbranded Ай бұрын

They are a lease only for sure

@HEAVY_IS_THE_METAL Ай бұрын

The V8's are solid for models made under the JLR brand

@ksw501 Ай бұрын

Yup, land rubbish

@coltbrown7473 Ай бұрын

Had no problems with 2, very reliable.

@Gus-y5i Ай бұрын

How can someone who is in the car business keep buying all these mistakes? 😂

@unaveragejoe7107 Ай бұрын

Must be something in his analytics telling him to buy losing vehicles. Don’t see how it’s worth it even with ad revenue and sponsors.

@Wilsonmotors45 Ай бұрын

We clearly know he's making more wins than losses. on Camera he's showing his L's but off camera he has his W's. Its easy to see that because he's still buying expensive cars. he knows people will look at his videos and either learn from them, enjoy them, both or hate on them. either way he's taking some wins. he's just not showing them as much.

@bighill30 Ай бұрын

It's Content, plain and Simple!!!

@Chris-hw4mq Ай бұрын

Hoovie does the same

@u2oasis Ай бұрын

Most people understand which cars are reliable. How many of us would watch videos or care about him buying Toyota Camrys or Honda Accords 😂

@ace1gl Ай бұрын

Range Rovers are notorious for their values dropping like an anvil thrown off a cliff. 7 years from now that car will be under 10k

@robertscheinost179 Ай бұрын

5 years.

@ashishpatel350 Ай бұрын

yeah ranges teslas s class 7 series etc. they all drop

@2btrue2u Ай бұрын

I see 2015 Rover Sport v8s with 100k or so miles for 10g at auction. Scary to own but so cheap.

@ItsZibby Ай бұрын

He almost sharted when you told him 75k 😂😂😂

@Ogmuffinman420 Ай бұрын

Keep the good content flowing! 🤘

@FlyingWheels Ай бұрын

Thanks! Will do!

@ronald4life1 Ай бұрын

This is why you should always consider Leasing new luxury cars...

@channell11 Ай бұрын

That doesn't really save you anything except the hassle of disposing it later. Leasing means you're always paying the steepest decline in depreciation for every car. There's some relief if you can write it off for a business, but leasing is generally always the most expensive (albeit convenient) way to drive a car.

@andrewp4220 15 күн бұрын

This level of depreciation was normal pre COVID

@danielgoddard4409 28 күн бұрын

I work at Land Rover. 1. these cars are not assets that hold value 2. Don't buy a car that 1 year off a MAJOR re-design, the 2023 facelifted RR is still 100k+ used.

@SNEAKERHEADSNEAKERHEAD Ай бұрын

$60,000 u got that cause 2022 is the last year of that generation. When you buy the last year of that generation you lose a lot of money because everyone wants the redesigned 2023 range rover

@BriannaMoore-h7l Ай бұрын

It's obvious how much effort went into this!

@jamesmyers9285 Ай бұрын

Those UGLY Black Wheels don't do the Range Rover any favors!

@ltcmoose2001 Ай бұрын

Make a video about dealer fees in Florida. You would be surprised just how bad it is for the average guy to avoid fees that you must pay in this state.

@ddutsie Ай бұрын

How did your HOA not fine you bigly and mandatory prison time for those halloween decorations in your front yard?

@johntuttle5396 Ай бұрын

Don't think that some of your "fans" are listening to what you just said. Paraphrasing, " I'm doing what I like to do, and I am very happy," which is why you're doing "the You Tube" thing" - you don't say "do exactly what I do and you'll make a ton of money"! Just watching someone buying cars for $17,500 and selling them for $22,000 over and over again is pretty boring. Not a particularly big fan of high end/supercars (never going to buy one) but you do a good job explaining what you do and why. I'm sure that most of the time you make money selling cars - it is impossible to make money on every sale. You don't go to Vegas to have fun (the casino owners will strongly suggest that you'll have a good time, but they don't even guarantee you that you'll break even in your gambling endeavors) but you enjoy buying ans selling "fun cars". Just remember the number one rule that a certain, different kind of dealer always says, "Never get high on your own supply!" 😄

@argeldelacruz9545 Ай бұрын

Yea I’m hoping it gets back to the good old days with cheaper used cars.

@tho464 Ай бұрын

Good luck. New cars will have tariffs added so used cars will be the way to go and prices will price due to demand again.

@aaronbritt2025 Ай бұрын

This video alone will make you more than $1600, so you made money on it.

@ArthurJones-v2i Ай бұрын

I’ve noticed that some home builders are reporting a slowdown in new projects. With mortgage rates so high, it seems like demand is finally cooling off a bit, and it’s really starting to affect their business

@HectorBailey-zi7du Ай бұрын

Yeah, it's no surprise that home builders are feeling the pressure. The costs of materials have been fluctuating, and with fewer buyers able to afford high mortgage payments, there’s definitely a shift happening.

@HaroldSimmons-mf3ep Ай бұрын

It’s interesting because, for a while, it seemed like the housing market was unstoppable. Now, with inflation and financing issues, even big builders are pulling back on projects

@JoshuaWright-h7x Ай бұрын

I read that some builders are offering big discounts or incentives just to keep sales moving. That’s a pretty clear sign that they're trying to adapt to the decreased demand.

@howardandbritt1978 Ай бұрын

I bought my 2022 Tahoe z71 with a 6.2 brand new. It had a $10,000 market adjustment. Fast forward to today the engine went out (spun crankshaft) and now we are getting a brand-new engine in it. So, GM is paying me back by resetting my miles, 27000 to zero, could be a good trade off.

@Jacob-ih2gs 6 күн бұрын

GM didn't see a penny of the markup it was your greedy dealer, but congrats on the new engine

@ecashtoenslavement4320 Ай бұрын

Range Rover has got to be the worst example for anything normal. Those things go for cheaper than a 30 year old Chevy when 10 yrs old.

@mattnorman5241 Ай бұрын

gm sucks poor people buy those

@mikewieltschnig5230 Ай бұрын

Now you have money for more high mileage cars.

@MumblyPeg Ай бұрын

120 to 61 and you still overpaid.

@stanmarcusgtv Ай бұрын

FL needs Land and Range Rovers because of all the snow, ice and extreme elevations in the mountains where those housewives live.

@jrs4ex Ай бұрын

Having the auctioneer announce $124k MSRP is misleading considering $12k of that amount was the dealers market adjustment.

@frederickfernandez1510 Ай бұрын

Auctions in FL has very nice cars, great content.

@georgeallen7667 Ай бұрын

Yes, they are thoroughly washed, inside and out. Very good.

@martylee9035 Ай бұрын

Hiding Flood Damage.

@mattk741 Ай бұрын

Yeah it sold for $60,000, but the new owner is going to have 60,000 new problems.

@MoonMan-p6q Ай бұрын

Hey Graig how are you enjoying PC? If you remember me I just moved to PA after living there for 30 years. I bet you can’t drive a mile without seeing a Corvette! Isn’t it crazy?

@JordanHernandez-yv4xi Ай бұрын

I’ve been an auto dealer for 20 years now. And most people won’t understand how we have to wash our heads with taking a loose 😂 Now I know you don’t talk about the everyday sales that make you $1500-$4000 on other units because people here don’t want to hear you win 😂they want to hear ur struggle. Over all I know you’re doing well and have a great manager that’s eager to learn and step up to make business happen at your previous location. Even your brother entering the car game shows how your success has inspired him to do it as well. Good Job brotha. Keep the ball rolling. I watch ur videos every week and get ideas myself on doing this different myself. Keep up the good work!

@LoganPope-cx1tp Ай бұрын

Hey Jordan I'm interested in starting my own dealership but don't have any skills yet or the money to do it. How do I start working on it ? Thanks

@qitexas2516 Ай бұрын

dealers arent willing to negociate prices that much. they paid more, the cars will sit on the lot longer, but the days of housr of haggeling are not there that much. ill drive mine for a few more years.

@s2kroma303 Ай бұрын

Why are you surprised on range rover prices?! All luxury cars are loosing lots of its value in the first 3 years.

@eliaswreford4523 Ай бұрын

Buy high, sell low. Love the business plan. Kidding aside, it’s hard to predict a market like this unless it’s rare cars.

@manray6396 Ай бұрын

So many haters! Thanks for the really informative videos. We're learning so much from you. You're a car fanatic, and I can feel the love for high-end cars in your voice! Keep it up.

@rodneynajar8652 Ай бұрын

There is no money to be made for the average wholesaler right now and this is a perfect example.

@JamesSohol-t5s Ай бұрын

I want to be a used car dealer in FL?

@darrellturtleneck9712 Ай бұрын

Your friend lost 50% and isn't whining about it. Maybe you should take notes.

@sergeyivanov58 Ай бұрын

His friend has a job that makes him $. This is Craig's job, he can't keep loosing $. He is extremely positive about it, even though he is loosing $.

@aGuyNamedDingus Ай бұрын

You must not know what whining is. Sounds like you are just complaining to complain. Go do something of value instead of being a hater online lmao..

@aGuyNamedDingus Ай бұрын

Weird I watched the whole video and didn't hear any whining. You watching the same video or just complaining about Craig again

@mamus4 Ай бұрын

So you see , Aston Martin puts yellow 60 dollar stripes on the seats and calipers and clown like this buy them, than lose 40k a year, only in America.

@esd5516 Ай бұрын

Yup thanks to jo and APAC

@BENNETTTAKESALL Ай бұрын

The newer ones are significantly more reliable once you repair crossover pipes 2013-2019.5 they run really well. Air shocks will go out if you live in hot weather climate after 40k or 3 years other than that they are pretty solid and they command the road.

@Duh_Huh_24 Ай бұрын

That is normal depreciation for a range rover. everyone in the car business knows this except you apparently. Oh, a Range Rover tanked in value? Surprising

@channell11 Ай бұрын

It's also the last year of that generation.You're going to get hit hardest on those because they look virtually the same as a 2013 and the new generation. You'll be hard pressed to find a 2023 under 100 grand, but 2022s (except for SVs and Autobiographies) are in the 60-70K range all day long

@Mar.wanJaniol Ай бұрын

Can't believe how awesome this is!

@garyduquette1784 Ай бұрын

Your hilarious! Your excuse , I drove it for 3 months. You lost money again! Your making videos and are running a streak of loosing money. Take your cyber truck to that auction. Let's see how much you loose on it. Most people can't take loosing money, keep doing it and you won't be able to do it .

@rc70ys Ай бұрын

You’re !!

@garyduquette1784 Ай бұрын

@ yes you’re!

@Hello123-b7l Ай бұрын

I bet he doesn't mind losing/breaking even on some cars. He doing it for youtube content. same with the cybertruck.

@garyduquette1784 Ай бұрын

@@Hello123-b7l I really hope you don't think he's doing it for U Tube content. He's loosing money from making bad decisions. He's like a kid in a candy store when it come to high end exotic cars. And I think he has lost money on almost everyone he buys. He didn't have a market for them at his dealership and he doesn't have the clients he needs to be successful at it now. Look at what his dealership is buying now. 1500.00 to 2500.00 dollar cars. That's where the market is right now, it's just he doesn't want to be classified as a low end car dealer. I think Craig is a good guy. He wants to get into a tough market. The cars he wants to be associated with cost a ton of money and also cost alot of money to fix. He would like to make his money being a U Tube celiberty and buy a high end exotic car drive it for awhile sell it and make money. He might make it on U Tube but he sure hasn't proven he know how to buy and sell very expensive cars for a profit.

@HEAVY_IS_THE_METAL Ай бұрын

Don't take advice from anyone who can't spell 'LOSE' 😂

@jimmykol Ай бұрын

that worked out due to your Situation..... Best advise was do not buy New!! unless your willing to have a depreciating asset.

@cactuswillable Ай бұрын

I guess you forgot to put it on acv. They must have screwed you just like every auction does to the little guys.

@mph5896 Ай бұрын

He doesn’t talk about them anymore. Wonder what happened 🙃

@rbfarrell1 Ай бұрын

I knew they were bad, but that was a surprise. I think that Cyber Truck going to be just as bad.

@bobmanzi7712 Ай бұрын

Great stuff thanks

@FlyingWheels Ай бұрын

Glad you enjoyed it

@genekelly8467 Ай бұрын

I liked thye comment about the LOTUS (with Japanese engine and transmission)-Land Rover should do this...that would solve the reliability issues.

@drivenautomotive3173 Ай бұрын

So... brand new Range Rovers depreciate a lot?? Who knew?

@lionsroar698 Ай бұрын

Can a I go to this auction in Florida without a dealers license and get a luxury vehicle at these prices?

@perfectscotty Ай бұрын

I like the dude you bought that from. Wonder what he bought in its place.

@tomwalker9836 Ай бұрын

Yeah Craig, you make a lot of money breaking even.

@Merry_Christmas_today Ай бұрын

Why do you always lose on your car deals or go broke even what's the point isn't it supposed to buy cheap and sell at a profit

@TwitchIlluminati Ай бұрын

History Range Rovers do not ever hold their value

@AustinBroussard Ай бұрын

How many times can he make the same point in one video?

@adamzc87 Ай бұрын

Thanks for the content!

@Vikturus22 Ай бұрын

1:42 is it wrong that me at 33 Really likes the Cinnamon interior? Normally this colour screams old man but I actually quite like this

@Cars-off-the-Wall Ай бұрын

Yes, you can say you got a good deal. But why don’t you go back to the basics. Buy a car, fix it, clean it, sell it AND for a profit. Not spend $1600 to drive a Land Rover for 3 months

@romeothompson9389 Ай бұрын

Because he does do that he just don’t post it not everyone is really interested in that

@Cars-off-the-Wall Ай бұрын

@ I feel like his channel is changing and that’s a bit of a bummer

@10amm21 Ай бұрын

Trade that cyber truck in or run it at the auction and get a urus or the aston suv. The cyber truck bubble is going to pop soon get out while you can

@autoadvisor5221 Ай бұрын

Where else in the world can you drive a Range Rover for $500 a month? Buddy, that’s a W in my book💪

@jamesireland9188 Ай бұрын

Not really he was talking shit in comment section he was going to be making money that's not making money. Not a really good business practice lmao

@georgeallen7667 Ай бұрын

You are the perfect customer that Vegas wants.

@nycarpenter Ай бұрын

The trick is being smart enough to move your product when the ground is shifting.

@robertl2227 Ай бұрын

I get to sit thru a 5 minute Baerskin ad before the video even starts

@FlyingWheels Ай бұрын

Thanks for watching!

@CharleB-sabres Ай бұрын

KZbin premium bro

@minimeee04 Ай бұрын

You are selling a car at Auction the definition of Auction is trade prices,so you bought at trade price then gambled and lost...again.

@Ujara Ай бұрын

You’re just bleeding money with these purchases. Best to stand back for a little bit.

@user-xt8es5nj4n Ай бұрын

new to this channel, but what would a dealer buy it for? seems like auction would be the lowest price you would get

@johnforell7018 Ай бұрын

Dude just go back to your old show and stop screwing around with high-end cars, that you can't sell. They're too much money and how much profit are you going to make from them. You're better off selling $5,000 to $8000 cars all day long.

@8650mack Ай бұрын

Should be called Bidenphonics not Bidenomics 😂

@tho464 Ай бұрын

Explain

@8650mack Ай бұрын

@ because he’s dumb as a rock.

@dailydriven2356 Ай бұрын

Would love to see a current market update video

@darkhorse6770 Ай бұрын

Don't even bother buying ANY high end luxury vehicle unless it's a Porsche or Ferrari....everything else falls like a rock

@AbsoluteCarGuys Ай бұрын

Keep doing what you’re doing. I enjoy the expensive content as well as the cheaper easy flips. Trying to work my way to doing the same thing some day.

@WTF-sh4is Ай бұрын

Your bet is correct Craig, we all love seeing you lose money. Keep up the great content! I’m subscribed and liked the video even though I am a hater troll 😂

@jackdelia1014 Ай бұрын

What did the 2015 porsche gt3 sell for?

@mikewieltschnig5230 Ай бұрын

Don’t you read Trade information on cars that sell?RangeRovers are the worst,you should buy old YUGO’s with high miles haha!

@sleazytiki Ай бұрын

High end car prices are crashing! And I'm the last guy to find out.😅

@zgdafzgdaf4264 Ай бұрын

Reminds me of early 2000 with ,com bust. Similar thing happened to me with a car.

@channell11 Ай бұрын

L405 Range Rovers are cheap now because the next generation is out. You can get a nice 2022 for 60% of the price of the cheapest 2023s.

@peterkrishchuk1517 Ай бұрын

Did you fix the Ferrari yet?

@jeniwhitt481 Ай бұрын

Knick knack patty wack…

@Gus-y5i Ай бұрын

Most people at this point could care less about the unpractical supercars😂

@victormejia512 Ай бұрын

Cyber trucks what are prices in auction the hype over

@eaauto6182 Ай бұрын

Range Rovers, Escalades, benzes, ect. (Status symbol vehicles) all depreciate like iPhones. When the new generation comes out, the previous one isn’t worth shit.

@joaquinmojado Ай бұрын

The Lotus is my dream car no other. Never owned a sports car or high end car but always wanted to be that big guy (6 Ft) stepping out of a Lotus. I know you may not respond. How much did the Lotus sell for?

@devenchy3k947 Ай бұрын

Idk why i thought that was JD Vance in the thumbnail picture lmao

@Steve-cw1zo Ай бұрын

Leasing is the way to go if you’re looking to drive expensive luxury vehicles. Never have to worry about depreciation or an unexpected accident which would generate a car fax.

@JimBranch-n8s 19 күн бұрын

I'm not sure about the math, but you did not "make" $61k. You just broke even. You, at best, just treaded water. If you disregard the cost of money.

@jfdoherty3448 Ай бұрын

You’ve become my favorite channel Craig. Lifelong interest in all things automotive. Please keep it up!

@zgarry4939 Ай бұрын

BEDENOMICS! you literally made losses for quite some time and just bit another, your opinion on economics is moot.

@ctsfiddler Ай бұрын

What is the tax on 61k in Florida, around 7 percent, add that to the loss.

@222aint Ай бұрын

Craig is a dealer selling to other dealers. No sales tax

@ctsfiddler Ай бұрын

@@222aint i guess he never registers them to his name for months.

@TahoeRealm Ай бұрын

I had no idea that Craig was a Biden supporter. I wonder what he thinks about…?

@Joe-ij7vi Ай бұрын

Great information. Nice to hear the truth. You're video pics are very clear. God bless you and family.

@FlyingWheels Ай бұрын

Thank you!

Ай бұрын

Could be worse you could have had a e-tron.....

@pcguru411 Ай бұрын

I think it's typical that you'd buy a car that is depreciating so quickly and by so much. Bad plan, Craig.

@imranzahid3214 Ай бұрын

DONT buy a DBX, buy a higher mileage Urus

@frankginese6867 Ай бұрын

Great video keep it up and thank you

@Albebacck Ай бұрын

My brain rotted reading few comments. This must be one of the most toxic communities Craig has here

@johnnicholas978 Ай бұрын

Mate you've got to make ur mind up ;;do you want to be a u tube star or a car dealer,,,,iv being in the biz for over 30 years the secret is simple Discipline,,,,buy quality note quality ,,,,for the right money keep it simple

@kirkhilles523 Ай бұрын

I dunno, man, this is feeling too "click baity" for me. What would normally be a single video of selling your Landrover the entire process and showing your $1,500 loss is now 2 videos posting about that $124,000 value... which if I'm remembering correctly is AFTER market adjustments so YOU did not pay that and it's highly deceptive when you told the Auction House that it was that MSRP because that was not true. Would it have been the same bid if they had known it was $105k or whatever the true MSRP is? Dunno. Anyway, just my opinion. I'll still be watching future videos :)