More respect for PJ now, I understand these tricks already but he made this 40 min video to warn everyone, such awesome content bravooo

Holy shit. That tracking number trick is insane. I would’ve never thought dealerships would play like this. Wow. Great video.

Thank you PJ. Great Lesson. Consignment to a dealer is a mine field. I dodged this bullet. A long known exotic car dealer for more than 10 years in Tarpon Springs Florida went down doing this. He had exotics and over a 100 cars. I consigned my Aston Martin to him. I had to make several trips to catch him in the office and get him to pay Woodside Credit well after the 30 days when the next payment was due. I was successful before it hurt my credit. A few weeks later the 100 cars were gone, doors closed and as far as I know, he is still in jail. Float!

Great explanation of FLOAT, I didn’t know it can get that bad. Something similar happened in OC with a company named JYP Exotic Rentals. The owner forge title paper work of consignment cars and sold ‘em. Including Lambos and a Cullinan. Thanks PJ!

Halfway through I just had to pause it and come down here to thank you. The way you teach about this truly helps people understand. You don’t just say what’s happening, I’ve always had trouble learning when I was in school, but the way you teach about this and explain it really helps me understand it and you clearly made this video because you wanted to raise awareness to the people getting fucked over by this scam. You really just do a great job at explaining this

Not gonna lie, I judged this guy as a slick car salesman months before, but turns out he only dresses like one (with those bling watches lmao) and is actually pretty chill Liked and subscribed, hoping to learn more from future vids!

@ExoticCarHacks

2 жыл бұрын

Thanks for sticking with me lol

OUTSTANDING VIDEO...thanks for the content PJ, well done.

Truly watching a master at work. Crazy amount of free info all from your 20 years of reverse engineering dealer models. Keep trying to tell people Exotic Car Hacks is a finance course but these people are still asleep lol.

Wow PJ, 40min video, really dropping value today SHEESH 😳👏

Thank you once again for this great, educational video. love your content!!

Very good takeaways and most importantly, how can the consumer protect themselves before forking money over. Thanks for this!

Thankyou PJ, another great video. Very educational and entertaining.

Excellent information as always demonstrating you know exactly what you are talking about thank you forbeing so honest and candid- someone has to doit!!

A very interesting watch! Thank you for the in depth explanation!

EPIC VIDEO… mad respect PJ. Thanks for posting

Wow, this has been a masterclass. Thank you so much for sharing your knowledge.

Very insightful. Thank you for sharing.

Fantastic breakdown PJ, unfortunately not all dealers can be trusted. But protecting yourself by doing your research ahead of time will let you see who’s a legit dealer and who’s not.

absolute legend, this is how you know the guy knows what he is talking about and is actually a smart HWMF.

Outstanding video!! There was a dealer in my local area that sold European cars that got shut down almost 10 years ago for doing this same thing.

Great video. I definitely learned a lot. Glad I’m already a ECH member

Very informative and a different perspective from everyone else out there.

Great information!!! Thanks!!

Very educational video, thank you!

Wow great video, it does re-enforce why I only buy from private owners!

Great explanation . !! 👏🏿👏🏿👏🏿

The USA needs a bureau of consumers protection! Legalized ponzi... Super well explained by the way! 👏👏👏

Great explanation and I am a member of ECH..💪

Great video! 🙌

Appreciate the insight.

Explained this so perfectly. Love this "whiteboard" !!

Great video!!

Profesor PJ. Great video.

Bro you nailed this!

Great video PJ

Hello Exotic Car Hacks what brand of whiteboard are you using? Thank you - Excellent presentation!!

@ExoticCarHacks

2 жыл бұрын

Thanks! Uniview UNV Smart Interactive Display

This is Great Content!! And this is why I dont trust those luxury dealerships who are shady asf! If Im buying cash better make sure you have the title on hand and you take my 300k better give me the actual Title and my car💯 I saw this dude that paid almost 400k cash to Excel for a Lambo and when he got there to pick it up the Dealership is locked up and the car is not there anymore.. there goes your money gone Smfh🤭🤔🤦🏻‍♂️

Honestly I love that someone made this type of video. The couple things I’d add to this video is it’s very state specific. For example in MA where I own a dealership temporary plates are not even available so to get plates I need to bring the title to the dmv to get physical plates…secondly I’ve used banks such as M&T, AFC, NextGear, Bank of America etc for floor plans and none of them send a wire for a payoff. All of them send a check for a payoff and I also send a check for a payoff no matter what. I’ve paid off thousands of cars in my life and never used a wire. But yes floating is probably the #1 reason why dealers fold and it is usually do to greed…because of these things depending on the floor plan you use they do an inventory check every 14-30 days to make sure the car is on the property and if it’s not they want a copy of the bill of sale and the bank statement showing when the dealer was funded for the unit. If a dealer gets $150k for a car on the 10th of March and it’s not paid off until the 5th of April in states that have these temp plates that is a huge red flag. Overall great video and a good look into the operation side of a dealer that the average customer would never know

@ExoticCarHacks

2 жыл бұрын

Thanks for this - great points

@kevinfabs

2 жыл бұрын

Since MA doesn’t issue temp tags, how long does delivery take? Do you have to send someone to the DMV when completing every deal, or do you make one trip to the DMV a day and complete delivery at a later date?

@zache3818

2 жыл бұрын

@@kevinfabs if you trade a car in you can transfer the plates you have from your trade and put those plates on the new car and drive away the same day and those are good for 7 days which is enough time to get a registration. Dealers that sell more than 30 cars per month have what’s called EVR (electronic vehicle registration) so those dealers can register most cars on site and someone can drive away the same day or next day if it’s late or on a Sunday the EVR program doesn’t work. If you buy from a smaller or new dealer (I opened a new dealership so it will take another 2-3 months before I have EVR) so I take the paperwork I’m getting ready now from sales Friday afternoon and today and will drop off Monday morning. Right now the dmv is taking 3-4 days so if it’s new plates people that bought a car today won’t be able to drive away until probably Thursday or Friday. One person today traded a car and transferred plates so they are driving the new car now and I will have their new registration end of the week and they already have the plates so I will just give them the registration

Bernie Madoff would be so proud … this isn’t floating anymore it’s elevating 😂 PS great job explaining and clarifying. ECH 💯🙌🏻

You could’ve been a doctor with that handwriting 😂 great video

It’s a shame. I remember those first videos with EAG and all the beautiful cars they had.

Mind blown dude!!!!

Great video lots of important information question for you how do I reach out to you to ask you a question on a situation

@roncastaneda4027

2 жыл бұрын

Sorry it’s not a situation it’s a question of investment

34:17 - very important info

Is cnc motors and cnc motorsports the same?

It's really simple, the risk running a business like that is too high, some people take that risk, I wouldn't, that's the difference between people running businesses forever, and people's businesses crashing no matter how big they were. I'm always for a steady and solid growth against husler business practices.

Great vid not quite John Oliver but pretty good.

I REALLY DO NOT LIKE U PJ but this is an incredibly informative video. As someone that has dealt with "Stealerships" in the past this definitely makes me better prepared to deal with them. Thank You Sir

@ExoticCarHacks

2 жыл бұрын

Thankfully for you, I dont give two craps about people's opinions of me and I dont live to be liked, so happy you liked the video

@hesh2

2 жыл бұрын

@@ExoticCarHacks I agree I don't live to be liked either however I do aspire to be respected and that sir you are not.

@ExoticCarHacks

2 жыл бұрын

if you ask poor people, they would agree with you. if you ask those that actually have the means to do business, you would look like an idiot with that comment. Perspective matters. get some

What's the title of the video where you interviewed Scott Zankl? (No pun intended)

@ExoticCarHacks

2 жыл бұрын

removed

Doug demuro cut ties with cnc before they crashed as well. I guess when you constantly do business with a dealership, you see the writing on the wall

Greed, ego and irrational exuberance plus the slowing economy will crater other "big players" that are now teetering, I'm a Licensed Independent dealer in Texas that just subscribed.

@ExoticCarHacks

2 жыл бұрын

Oh yeah, many more to fall. Welcome to the channel!

The whiteboard videos are fire

Add Vik from Lamborghini Orange County and Fred from Bellagio motors to this list as well...

would a tesla type model like dealing directly with the factory be a better option than the dealership

@ExoticCarHacks

2 жыл бұрын

It would be a more transparent transaction

0:25 "probably be a 20 minute video." 40 minutes... Guess I'm eating some lunch

Any update on the guy's car that was in for service and allegedly sold?

@ExoticCarHacks

2 жыл бұрын

Unaware of that specific issue / owner. In a situation like that, though, he or his bank would still have the title so it would be very hard for whoever bought it to actually keep the car.

cnc motors stole my dad's jeep gladiator. They sold his jeep to another dealer while it was on consignment, and never paid my dad the amount that was agreed upon.

@ExoticCarHacks

2 жыл бұрын

Very sorry to hear that. Hope it gets resolved

Stop the practice of floating titles!

Wonder if Scott Zankl will go to jail or got away by filing bankruptcy…

is robs shop still open?

@ExoticCarHacks

2 жыл бұрын

Yes, completely independent from what happened here

@laurencel.7980

2 жыл бұрын

@@ExoticCarHacks ok good... thanks

well in the words of Pennwise "dealers all float down here"

One question, when you finance the car for 84 months and you drive it for 12 months, how do you sell the car if the car is technically still owned by the bank? I and pretty sure for most people, we don't have money to pay for it in cash and then sell it. How does this work, also, is it worth to get a 144 month loan? For cars like Aventador SV if you're planning on keeping that car forever?

@ExoticCarHacks

2 жыл бұрын

Simple math. 84 mo loan, $1k/mo payment. After 12 months you paid 12k and own 72 (i know, interest, just making the numbers simple). Because you hacked it the car is still worth 84. When you sell the car, the 72 you owe goes to the bank and 12 comes back to you. No, I wouldn't go to 144.

@slasheerr946

2 жыл бұрын

@@ExoticCarHacks Interesting, didn't know you could still sell the car while it's still owned by the bank. Theoretically, you can keep on changing cars if you cars that don't lose any value! Very very interesting!

Ahhhh. So that's why so many car dealerships went out of business in 2008???

@ExoticCarHacks

Жыл бұрын

Yep

What vehicle do you recommend as an investment vehicle under 500 K

@ExoticCarHacks

2 жыл бұрын

SLS coupe

@cheapspeed

2 жыл бұрын

What the about the 992 gt3

CNC Motors is now a Tesla Dealership

best way to sell a car that does not have a lien on it is drive it around with a for sale sign :)

Let’s be honest Scott zankl was great guy just got caught up in the whole scheme. I have bought close to dozen cars from Scott. Oleg was great with customer service. It is really sad that this had to happen. I hope mr Krause calls me to lease that dealership because I have plans to bring lotus and keep karma. Bring the best wrapping company from the untied states. Create crazy cars and coffee

@johnthandaniel3887

2 жыл бұрын

Krause call me let’s reopen excell to something great

I think it comes down to one word Greed . We live in America the greatest country in the world , but also the greediest country in the world . Living a life above what there able to makes this happen .

The empty envelope/tracking# trick has been done by others? I thought it was a CNC/Clay Thom thing. At the end of the day the customer can only take so many precautions when the dealership is run by a criminal. Don't forget Clay also forged signatures on titles, DMV forms and wrote hundreds of fraudulent checks. Great video though.

@ExoticCarHacks

2 жыл бұрын

Yeah, he wasn’t the only one doing the envelope trick.

Bank examiners check Vins for exsistance. Where r the floorplan cars. Floorpan cars have liens from bank on them. They have been known to disappear off the lot! Floorplan audits tell the tale!

But wait, there's more

It all comes down to greed and ego. The owner of the car wants more and the dealer needs to keep lights on and also wants more. Humanity is a failure. The state's are pigs with tags and fees. Let's talk insurance. Can go on and on...

Carvana seems like its next unless there's something else going on with them!

@ExoticCarHacks

2 жыл бұрын

Think of Carvana as a bank, not a dealership

The buyback got them to don’t forget about the “buy back”

@ExoticCarHacks

2 жыл бұрын

Nah. Buyback is no different than a trade in it still comes down to where the money is coming from

@johnthandaniel3887

2 жыл бұрын

@@ExoticCarHacks Scott relied to much on it. I still think Scott could of battled the fight and I didn’t like how he ended it

@Richboyrich26

2 жыл бұрын

@@johnthandaniel3887 how did he end it ?

housing crisis on a smaller scale. These bubbles are bursting and will get worst once recession kicks in.

You know Randy Tillim and Excell were pretty close...

@ExoticCarHacks

2 жыл бұрын

Please don't speculate - those events were not correlated

Which is why Tesla is being fought tooth and nail by the existing auto finance industry. There is no chance for the unsavory players to float anything.

PJ, qualify all this by iterating that this incredibly rare fraud on the scale that CNC and Excell did. Not every dealer is floating titles. We can provide a title copy, even on a floored car at any time for a customer. If you floor a trade, it's "paid off" by the floorplan company right away. Still takes time to process but shouldn't be more than 10-14 days. So the dealer isn't even the one paying them off.

@ExoticCarHacks

2 жыл бұрын

The ones who take care of everything within 30 days are not the people I’m talking about here.

And how exactly does PJ know this this is what happened other than the court filings? perhaps buying and selling multiple vehicles himself directly through Excell hmmm

@ExoticCarHacks

2 жыл бұрын

absolutely correct, I watched it unfold as I bought at least 10 plus cars at excell since 2015. Was unfortunate but their situation got much worst and we cut ties 2 years ago, pretty publicly as they were blacklisted from doing business in my communities then to protect everyone. Also, as a real person with real money, not a lost cause who pretends to be rich making payments on a 20 year old car like you, I actually can spot things way ahead of markets. So get your facts straight and go back to playing in the sandbox with your pretend rich friends who all live paycheck to paycheck.

@dalemason9886

2 жыл бұрын

@@ExoticCarHacks PJ thanks for the comments and appreciate it very much-Its not personal and dont make it personal and suggest you check your facts. Its true i do have older vehicles, one of them being a mint condition 1962 VW 23 Window Micro Bus was recently offered $180K for it. Another one is 1970 914-6 all the rest like yours are 2020 or newer -just a matter of perspective my "sandbox" is my back yard on palm beach island i think most of us call it the Atlantic Ocean. Wishing you the best with the various business ventures and the videos are always pretty solid info. All of us in the exotic car in the area world knew Excell was a scam and doing really sketchy stuff going back years and yet you promoted them at various SCS and other events-why? this is not "new" news to anyone in the area and the collapse was a surprise to exactly nobody. We only wondered what took so long. Sadly in the end a lot of legit car owners got burned and unlikey they will get their money or car back. When its all settled Zankl's will have lost everything including their $3M house and most likely both of them will end up in prison.

It's 2022, why can't they just fix this title problem?

@ExoticCarHacks

2 жыл бұрын

Because state governments are involved with titles, and government is less efficient than anything else on earth that exists anywhere at all

That’s called fraud.

This sounds similar to financial derivatives.

@dejavule

2 жыл бұрын

They will learn soon.

Rob Peter to pay Paul

Soooo this is what Carvanna is doing 🤔🤣

@ExoticCarHacks

2 жыл бұрын

Carvana is a bank pretending to be a car dealer

Pj 2024

Randy / SAvage Garage was connected to Excell, but we dont know in what capacity. Given the fact he UNFORTUANTELY shot himself in the head w/ a RIFLE (see my videos for 911 call etc) it begs the question.... was he involved more than people think? We'll probably never know. RIP RAndy

@zhale_f82

2 жыл бұрын

He sold his pagani to the owner of excell and then bought it back , i would stay they were pretty connected

@wolfofallstreets3155

2 жыл бұрын

Woa!!! He shot himself in the head. Damn. I heard he got into an accident but after reading your comment if it is true of what you said then this is very fishy.

@ultragoyim1270

2 жыл бұрын

Randy was a billionaire, not sure if he’d do go about it that way

@zhale_f82

2 жыл бұрын

@@ultragoyim1270 yeah but excell was under investigation by the F.B.I, he did business with them and they had a Personal relationship

@ExoticCarHacks

2 жыл бұрын

Randy had no financial interest in Excell. He was a customer. Just coincidental timing.

Well rich people lost money boo·hoo now they know what the average consumer goes thru constantly.

@ExoticCarHacks

2 жыл бұрын

If any consumer at any level constantly loses money because of their own poor decisions it's their fault. If any consumer loses money because they got scammed by a bad actor, it's the fault of the scammer (the first time around).

pure Ponzi

Too complicated, in short all of the world’s problems come from the concept of credit. Just don’t buy anything unless it’s in cash.