I'd rather have a million dollar collection than a single million dollar car

@Christian---

5 жыл бұрын

This.

@evancornell5820

5 жыл бұрын

I would agree, but if my choice was a million doller collection of cars or an F40, that would make it a hard decision.

@trapp1now1

5 жыл бұрын

So with today's new/used prices, if I gave you a million dollars, what would your collection include??? These are the questions that keep me from being productive at work....😂

@someidot3699

5 жыл бұрын

@@trapp1now1 Dodge Viper, 1970 Camaro RS, 69 Mustang fastback. Fully modded Golf R, 2017 Mustang 5.0, put a Lamborghini in there of course, and maybe an R8. The General Lee

@jkdunk20001988

5 жыл бұрын

Someidot a modest collection.

A ha, but how many million dollars cars are in my garage? None. The answer is none.

@EdBolian

5 жыл бұрын

One day...one day.

@SangheiliSpecOp

5 жыл бұрын

@@EdBolian I'll just take an Aventador and a gt350 and I'm happy :P

@EradWir

5 жыл бұрын

I don't even have a garage

@john-paulsilke893

5 жыл бұрын

First I need a garage that I can fit a car in. I mean I’d have to move my pool table and at least three motorcycles possibly four or five of the damn things.

Several million dollar cars. Only 1 ed.

@VINwiki

5 жыл бұрын

And only one you! Thanks for watching.

@armandomorales3809

5 жыл бұрын

Omg 😂 please don't tell me bin wilki really thinks it you!

@maddogmattis4713

5 жыл бұрын

@@armandomorales3809 tell me I'm not, junior. And I'll go tell you to go clean your race car bed again before coming down for breakfast.

@armandomorales3809

5 жыл бұрын

@@maddogmattis4713 🤣 yes sir

$100k cars are becoming so common, even Fords and Lincolns are tipping over $100k. But is Ed low-key warning us about some sort of impending economic doom?

@exotik4123

4 жыл бұрын

Sizukun the dollar is losing its value as well

@exotik4123

4 жыл бұрын

Sizukun because of the dumb government

@AndyParks206

4 жыл бұрын

EBIRCSBUS DNAEKIL low inflation is healthy for an economy from a traditional perspective because it encourages consumption and investment. If currency value plateaus or decreases over time people would do everything they could to not spend money knowing that they could get more bang for their buck in the future.

@aliabdallah102

4 жыл бұрын

He wasn't wrong.

@nickMihuro101

4 жыл бұрын

Yup ED was right...

You also have to look at the number of "NEW" millionaires there are . The tech boom of the early 2000's etc. Great vid and is just more evidence that our hobby is alive and most importantly growing!

@mattpytlak

5 жыл бұрын

Rob Pitts not to mention that India & China have seen insane growth in the past 15 years. China alone has 1.3 million millionaires.

@unclejoe6811

5 жыл бұрын

The dot com bubble was 20 years ago, I know you are old but try to keep up! It's easier than ever to make money. The global economy, high wages in the western world lead to high levels of discretionary income, dumb younger generation who desire instant gratification. The banks and lenders are throwing money at people again you can get lenders to take enough of a pack to make a subprime deal almost double book. Money is everywhere.

@ScoobyShotU

3 жыл бұрын

Not necessarily sir it could be warning signs for a bubble in the car scene just like the last housing market crash....

Damn you VinWiki i only hate you during finals week 😂😂😂

@VINwiki

5 жыл бұрын

Good luck with the tests. Otherwise, good luck shrewdly negotiating those grades!

@joblo5327

5 жыл бұрын

You should hate your mom for that name “Parth”

@pablopotato5967

5 жыл бұрын

Jo Blo D.A.M.N

@BH-nf5lv

5 жыл бұрын

Jo Blo lol yours isn’t much better 😂

@Titoo.1

5 жыл бұрын

Jo Blo hey Jo, Blo me

Anyone else look at their 10K car like it’s worth a cool million?

@mihan2d

5 жыл бұрын

I look at my imaginary car and it's still ain't worth a cool million...

@richardmadden1855

4 жыл бұрын

Thats a true car guy mind set

But how many million dollar cars without a check engine light glowing?

@blackmetalgoat9060

4 жыл бұрын

Probably most of them .

@EM-sz8ft

4 жыл бұрын

They are probably driven once a year and in the shop twice a year so

@tony_5156

3 жыл бұрын

Toyota F1 lol Drive to Monaco without any oil and be alright

Probably because they are giving out car loans like fanny mae did mortgages. 😂😂😂😂

@al4ever349

5 жыл бұрын

Ding, ding, ding!!! We Have a Winner!!!!

The real question we should be asking ourselves Ed, is when is Rabbit going to actually tell us what a classic American muscle car with pornstar booty juice covered seats going for these days????

@kevinthomas895

5 жыл бұрын

I believe that Camaro brought $85,000

I would say car sports car sales in the 35 to 80k range would be the best predictor of economy. The middle class are the economy, not the ultra rich.

@christopherwhull

5 жыл бұрын

If there were anything in the 35k range left to buy in the fun class. The delta between 35k daily driver and 35k sports car is awful narrow.

@benwallace8674

5 жыл бұрын

Chris Hull I feel most middle class consumers in well developed countries probably spend 15k -35k on an auto (daily driver) purchase weather new or used. So, if most people can afford more than this for legit sports car (weather new or used) the economy is doing well.

@anthonyrivas5060

5 жыл бұрын

Just an idea, if rich people aren't buying rich people things...😲🤷

When it's business casual day at the VINwiki office.

With massive national debt anything is possible. What I find interesting is not the people that buy these cars, but the people that can afford these cars and don't. Just in my neighborhood I have a few people in here that can buy a million dollar car every month and not bat an eye and they don't. Got the CEO of one of the biggest companies in the world, like Top 50 companies in the world, has an A8L W12 and a Testarossa, a few pro-athletes with SuperBowl and NBA championships and they have things like Huracans or Bentley Continentals, one has an older Phantom too. When you see the guys spending a million plus on a car, they usually tend to be more often the Salomondrin type of people than the Mark Zuckerberg type of people which I find concerning.

Last time I was this early, Nichols was still a good friend.

More than we can account for. Seeing other million dollar cars, exotic cars, they're always pleasant to see. Even more so, the owners always have interesting stories and sometimes interesting lifestyles

Ed: "but hey, we've all made worst decisions in or lives" Bolian That's the best sales pitch I have ever heard!

I won’t be able to afford any of the cars mentioned

@urznightmare

5 жыл бұрын

Well then my friend build one that's faster

@mikeking7388

5 жыл бұрын

Not with that attitude

@naxT890

5 жыл бұрын

Dont worry. When the market crashes next time we can just buy it for 10k with some shrewd negotiations.

@jackielinde7568

5 жыл бұрын

Sadly, most of us can't.

@andrewmcdermott2394

5 жыл бұрын

naxT890 lol the market is crashing rn hope you saved up

I tried to convince a friend years ago to pick up a proper classic as a long term investment. He had a line on a different ones but one that stuck out was a 930 turbo Porsche around 22k in 2005. He said 911s were throw away cars. He regrets that decision, as apparently he happened upon quite a few others. He did buy a car though... A C5 Corvette convertible... With an auto.

@SofaKingTouge

5 жыл бұрын

I was looking at a Porsche in 2006 for 40k. Saw that same car a few years ago for 200k.

@roninblax

5 жыл бұрын

I hope you are no longer friends with him. 😂

@rcairforceone

5 жыл бұрын

@@roninblax I know what you mean. We are still friends, but he's not earning what he was back then. He still has the Corvette though.

@aggt9266

5 жыл бұрын

It’s a legendary story in my family that my grandpa sold his Porsche 356 Speedster in the late 60s/early 70s for a few grand and kicked him self for the rest of his life

@herberthans7015

5 жыл бұрын

people tend to forget inflation when looking at cars as investments though. and there are many ways to make money. if you had bought property in any area where the population was growing in 2006, it would be worth at least twice as much now, too, and you could have made profits by renting it to someone for 12 years. it's easy to say "yeah but you can drive the car" -12 years is a long time, you could have crashed it or it could have gotten fatal mechanical failures and maintance, insurance and taxes are expensive as hell at least in germany. what I'm saying is ferrari F40 -> never was a good investment, only a short term investment when the prices spiked within 1-2 years. after substracting inflation that would have been a decent investment, but at the time it was also risky as hell. today everyone looks at them and it seems like it was the best investment you could have ever made but that's far from true. half a million in the late 80s is equal to several million today and if you invested in any other legit business/property/thing you would have made a lot more money. it's the same with many german cars like porsches, bmws, mercedes -> prices doubled within ~10 years but you have to realize that in germany the real inflation since 2000 sums up to 80-100%, so many of the iconic cars which doubled their prices over this period of time barely gained any actual value. TL;DR -> cars aren't investments, the only cases where you would have made lots of money on a car are always risky investments so you have to compare them to other risky investments like for example bitcoin or investing in 3rd world countries. -> the only good aspect about "car investments" is the "driving it for free" part but if you substract inflation and consider your expenses (insurance, maintance, taxes) at least in germany it's almost impossible to even drive a car "for free" by selling it after a few years. so it's the best way to drive nice cars without spending to much, but at the same time it's not that clever and not that profitable.

This video is so on point. I’m sure other viewers will know a man named Dennis in Houston. He’s older and bought the Carrera GT that had about 385 miles on it that Doug demuro reviewed. He was trying to get a 918 at the time but couldn’t. Fast forward about a year later and I show up to the car meet and he’s in a Mexico blue 918. He built a giant warehouse for all of his cars. He’s got some insanely expensive classics too. He’s buying all of his cars now like you mentioned after investments and business has been well.

Ed is just the best. His personality, attitude and delivery of the content is all absolutely phenomenal. I could watch and listen to him commentate or story-tell ad nauseam.

Given for inflation, it's pretty clear that with every year that passes, a million dollar car will be less and less impressive. Hence, there will be more and more as time goes on as more folks can afford them.

Wow. I was way off.

@sadaesthetic724

5 жыл бұрын

I alone own over 30,000 million dollar cars, so I don't belive his numbers at all. What a sham.

@johnnness2195

5 жыл бұрын

I own a privat plane in pure gold and a pure vibranium Porsche that costs over 1000000000 dollars so i agree

@sadaesthetic724

5 жыл бұрын

@@johnnness2195 lolz your poor af

@JonathanPerez-mk3hp

5 жыл бұрын

Same I was think like make and model not total make and models

The only thing I can see when I see a 918 is the "Bukakke" wheels. Who ok'd that design? :P

Honestly Ed is one my favorite people on the internet. He's definitely the best story teller.

So that's like 30 billion dollars spent on only new cars... that's more than what most billionaires own

Love your guys channel, never miss an episode. Learn alot in a fun way. Keep them coming!

@EdBolian

5 жыл бұрын

Thanks so much!

Ed's that guy that can have a conversation with millionaire uppity business men or the meth cooking hermit. His vocabulary and the way he can interact and explain topics is top notch!!

I'm glad you've put this into perspective. Keep up with great quality content!

Unlimited driven GTO doesn’t lose a penny of value, until texting teenager rear ends it.

@olegoleg1838

5 жыл бұрын

gti189 ahaha

Their is one car here in my garage a new Lamborghini in the Hollywood hills..............knowledge!!

@adamclark9253

5 жыл бұрын

Bold and Brash thanks can I get that address real fast? I’ll show you real life gone in 60 seconds

@Mpayne1472

3 жыл бұрын

There

The last thing he says is super important. The more these cars appreciate, the more they will be out on the streets. If you can not loose money on your favorite toy by using it, what stops you from daily driving it? And seeing engineering marvels out on the street is an enrichment for everyone.

@herberthans7015

5 жыл бұрын

I disagree. The more expensive a car is, the more money you need to buy it. The more money you have, the less time you've got. For example if only CEOs can buy legendary drivers cars then they will rot in garages because most of these people barely have time for hobbys. Also the more money you have the more you value your life. So you're not gonna go out mobbing in a vintage road-legal racecar. You can already see these cars disappearing from the markets and roads and even though there are some maniac billionaires who like to have fun these are the exceptions, not the average. For example the sons of sheiqs mobbing around in fast cars. If they are really driving these cars fast then there's a high chance they might destroy them because like I said they don't have time to understand the mechanics of a car and if they are about having fun any partying they most likely don't care about braking stuff and spending money either. So in my opinion it's the complete opposite.

@stephen3164

5 жыл бұрын

I disagree (a bit). If you can daily drive a 250GTO and not lose a cent, that means you can also store it and it will increase in value - and the only thing these high end car collectors like better than bragging about what cars they own is to run the car back across the auction block 2 years later and brag to their friends how much they made on the car’s appreciated value.

@herberthans7015

5 жыл бұрын

Also, since there are no more really profitable investments around and cars hold their value as good as gold they start to become assets like gold bars and get stored away in safes. Classic cars, iconic cars and drivers cars all become to expensive to buy for people who want to race them therefore they are going to be driven less, I can't agree with the logic you and him are using.

Ed, you provided a exhaustive explanation of the subject matter at hand. I thought, you were going to leave some aspects for the viewers to fill in, but I was wrong. The only thing left for me to say is; way to go!

@VINwiki

5 жыл бұрын

Thanks!

Dr. Evil wasn't an idiot when he asked for a million dollars, then. He just wanted to buy a car.

Thanks for doing the work with coming up with these numbers

Ed,, you represent the automobile enthusiast in the BEST possible way 👌🏻.. nice thoughts and thanks for sharing it.

What I liked the most is what you said about miles near the end. The more unique and valueable the car, the less miles matter and the more people concentrate on history and condition, as it should be. You can kinda see this with 993 Turbos. Even though there were "a lot" of them made, examples with relatively high miles aren't worth much less than their lower mile counterparts.

This was an awesome and informative video. Thanks Ed!

Good morning Ed, thanks for the video 👌🏽

Great video Ed, thank you!

Ed looks like Ricky from TPB if he got his Grade 10 and cleaned himself up.

Great video!! Love your content!

Ed the type of guy. . . whoops. Wrong channel.

@watermalone5782

5 жыл бұрын

Go back to doug, the type of guy to drive 900k$ car with 90¢ socks Fuck wrong comment section

@mihan2d

5 жыл бұрын

Ed's the type of guy to see a million $ dollar car on the street and immediately start counting how much value it will loose/gain under this owner.

I can't afford these cars but I can always find time for this channel and the great stories that follow

Ed, there are a few factors that may be better indicators. One is "Inventory versus Demand", where you graph average car inventory against the average number of days the car is listed "for sale". Another indicator would be type of loans (because not all million dollar loans are equal). Just look at the housing market right before the '08 crash, and you can see why this would be a good indicator. Also, you could compare total amounts financed versus percentage of loans in good standing.

Extremely interesting thoughts there. I mean who ever imagined purchasing a car as much as your first home either...I personally have done that twice in the last 7 years. Good stuff Ed

Why do you buy Supercars ? Me: Need For Show then wrecked.

was expecting a cursory analysis, and you went beyond. thanks ed.

I channel ed's voice for my customer service voice.

Part of what has blown this up is the auction prices on Muscle cars. This caught the attention for people that cars can be an investment. A lot have started collecting them and went on from there. This brought on the realization that you can profit on a car a massive amount on a car and not be taxed on it. Real estate, stocks, inheritance, etc... all bring on heavy tax. Sell your Ferrari GTO for a 10 million dollar profit without a tax hit and you'll be excited as it gets and buy more. They are an investment that isn't taxed on profit that you can also enjoy them while you have them.

Good news, I saw a koenigsegg agera rs1 this week. Bad news, It was on Doug Demuro.

@markoz673bajen8

5 жыл бұрын

This quirks me

@tt-nm4yj

5 жыл бұрын

ITS THE DACIA SANDERO

one of my favorite episodes!!

His intelligence on the car value market is awesome!

VinWiki for the Win!!

@andrewstevens4475

5 жыл бұрын

Malik Temins WinWiki

Ed in a cardigan is the best thing ever.

Thanks for answering my call today about wiring transfers

This is a great way to relate economics to cars. Shows how deep into his research he goes

Two words, income inequality. It doesnt really show the health of the economy.

Story teller of the year...Ed...that's my vote.

Wow, that's about 3x higher than I expected

It's hard to say how that metric translates. We're seeing more and more concentrated wealth than ever before. So one guy might own five separate million dollar cars, but he's also locking millions of dollars away from the economy that could be circulating instead.

Another possible explanation for the explosion in 1mil+ cars is the growing gap between the the rich and the poor.

Imagine spending 100k plus on a car with electric throttle and steering most likely. Absolutely staggering.

Ed finally changed his clothes. We all think that you eat sleep and shower in those old clothes 😂...jk we love you ed ✌🏼❤️

This is a good way to show the rich have got richer, thanks Vin wiki

Hey Ed, "GROW THIS".....lmfao

*Watches Ed talking about everyone buying million dollar cars* *Looks at bank balance* “don’t know about that one chiefffff”

Hey Ed, Lenny from Revzilla put out an article along the same lines a few months ago. Basically was saying that when old school Harley’s reach a new high, it usually foretells a stock market top shortly thereafter. He showed some statistics at 2000 and 2007 and was bang on. I was actually thinking lately, considering the rate that KZreadrs flip cars and what the are buying them for, seems like every bubble is about to burst. How do we set up ourselves to buy that GT3 RS on a fire sale in a year or two?

Can listen to this guy talk all day

Amazing data!

Watching this after finishing exam. Bless up ☝

I would roll around naked on broken glass to drive any of the cars mentioned

LOL - where did the pic at 6:27 come from? That’s my friend’s blue 1931 Cadillac. 😎

Y’all should interview the guy who rebuilt his R63 AMG minivan.

**Ed for President**

I find the used car market specifically the JDM car market in Australia which I am an expert in has boomed because of 1. We are further away from the 90's when most of these cars were built 2. The U.S. 25 year rule has inflated the price of early 1990's models as we now have to compete with US bidders at auction 3. The models that we love have not been replaced by newer models. A perfect example is turbo supra which were 20-35k 10 years ago now selling for 40k+ and r32 gtr's which could be bought for less than 20k are now starting at 40k. The only model which has seen continued depreciation is the evo this is an example of a car which has been updated up untill the 2010's. People are willing to shell out more for these cars because they offer an ownership expierence similar to an exotic however not on the same level. Exotic car sales are not big in Australia due to a list of reasons as long as my arm however the most substantial is probably our attitude and regulations around the finance sector.

Ed is my favorite of the bunch

I own a 1993 miata. It's not a million dollar car, but it's so shiny it looks like a million bucks.

Your videos are the cleanest, best pleasure

@VINwiki

5 жыл бұрын

Thanks!

This guy sounds really smart I like his stories

Put myself in serious debt building my business. Currently paying back over 15k a month. I'm about 7 months away of paying it all back. Not gonna go nuts but I sure would like to start getting a dream car here and there.

I dont know... I have a buddy who bought a Tesla model X for just over 100K, but the thing is, he got something like a 9 year loan because he could not really afford the car, so I dont really think all these people can truly afford the car, perhaps more people are just buying stuff they cant afford, but that is just my thought

Pretty cool, definetly interesting!

Today's my birthday, this video is Vinwiki's birthday gift to me🤣🙏💯

@alexbedel6320

5 жыл бұрын

Happy birthday

Last time i was this early the Subaru still had metal shavings in the oil pan

Ed got style ,greetings from Germany

Ed, any chance you could put that data on a google spreadsheet and put the link in the description, that's the sort of stuff I love to geek out to.

#feedback, love this channel, the short videos are great for watching during a quick bite at work and are vastly entertaining and inspirational which are probably the two best qualities for a lunch break video.

no million dollar car can beat my civic si with nos

McLaren F1 for life!!!

@markoz673bajen8

5 жыл бұрын

But woke up in a Boogatti.

@mm-vs1zt

5 жыл бұрын

250 gto for me.

@TTPBeats

5 жыл бұрын

Mclaren F1 is the goal 😂👌🏻

please provide this purported spreadsheet showing 30,000 million dollar cars.

@markoz673bajen8

5 жыл бұрын

Other than Auctions.

@kingcs6273

5 жыл бұрын

It's easy, find all the car models that have the value, find out production numbers - put it together.

@joeyscleaninglady2877

5 жыл бұрын

@@kingcs6273 They show a Daytona Coupe but that car is not worth a million bucks. Need to see what assumptions they made to get to 30k. Only way to do that is through their list.

@kingcs6273

5 жыл бұрын

Joeys Cleaning Lady well you can't be very accurate anyway because you need to know how much of these cars haven't been totaled in crashes and how many of those cars are hidden in collections, some old muscle cars cost even 5 million for being 1 of 1 specification models. From watching youtube I have seen like 2000 of those cars easily, Bugatti made 450 of just Veyrons.

@joeyscleaninglady2877

5 жыл бұрын

@@kingcs6273 ​ You have seen 2000 million dollar+ cars, on youtube totaled? A million dollar car is a high threshold to meet. Perhaps what this video is alluding to is that there are 30,000 cars that were worth a million at one time or another. For example, Ferrari Daytona's were million dollar cars previously, same with other cars. Many previous million dollar cars are only worth a fraction of that today.

The car @ 0:24 is Absolutely STUNNING!!!! ❤❤❤

Nice work ED, do they give out honorary CFA charters for such endeavours?

The collector car market is a great indication of how much "excess" money exists.

Broadband internet and smartphones became available since 2003. This encouraged new platforms which created millionaires, as well as lowering the barriers to entry for self-employment and business ownership.

IN THE YEAR 2000.......IN THE YEAR 2000......!

@scottcol23

5 жыл бұрын

Conan referance. I miss his show.

Not to forget the modernization of the middle East and Asian markets, also the effect of Instagram on the exotic car market

I get more excited when I see a $3000 craigslist special SW20 or 1st gen Miata than any exotic car, because they aren't making any more of those.

We love ed.

Wow, i see the reason the 100k cars all turned to shit this days... so much more buyers - they are not the elite anymore

The last time I was early, we had an earthquake in Georgia. Oh wait, that was this morning...

@maddogmattis4713

5 жыл бұрын

No big deal. Some millennial in Vermont got offended by a song this morning.