Repossessing Jermaine Dupri's Lamborghini 

In a Ferrari or Jaguar switching thru lanes top back holla back "I AIN"T PAYING FOR THIS THING!" lol

Uberballer wheels - "A product where you know the seller is making fun of you"

"In a Lambo switching lanes, top missing, broken frame ...How many more payments do I have on this thing?"

Don't miss those Lambo payments! Have a great day everyone.

This was a really crazy time. Glad the economy recovered so well. I don't like how high some interest rates are getting but it does take a lot more qualification to get an exotic car loan. Back when I was in college starting the rental company, you could use stated income loans to buy supercars.

thankfully both of my cars are paid off, they might be crap but they are my crap and I love them lol

I can only hope we don’t see another economic downturn like 2008. My time-tested rule of “Don’t spend money modding until the bank doesn’t own your car” continues to hold true.

I worked for Vik at his Audi/Vw dealership doing sales. He had a ridiculous personal collection of cars including a MB CLK-GTR F1 V12. There was a guy who worked for him and all he did was drive Vik's personal supercars around all day to keep them running. Luckiest dude to work for Vik EVER!

I can listen to this guy all day. He’s a really good story teller.

The most expensive vehicle I've ever seen on the road; a Porsche 918... Had teddy bear rims - almost looked like graham cracker bear rims

I always thought that at these prices, these would be all cash customers. Who makes $15,000 month payments. I mean you can either buy the car or not.

I'm an attorney and love taking on repo cases. I have a 100% success rate getting preliminary injunctions to stop the sale and have had the repo reversed and have gotten my clients anywhere from zero dollars with them paying all back money owed (but getting their car back), to having the judge dismiss the debt and imposing punitive damages and costs against the lender... an outcome I could achieve in every case if the client had the fortitude to follow through. Not to say that no one deserves to have their cars repossed or that repossession is the only realistic outcome in some/most situations. But give me a mom whose lost her job and needs her car to drive her children to school, to look for work, to the doctor, to the store to buy groceries whose verbally worked out an agreement with the lender to defer a payment, work out a plan to catch up, etc. to pay the note on a car sold to them for three times it's worth with a subprime loan AND then the lender comes slithering in and takes their car in the middle of the owner's midnight IHOP shift... I will fuck that lender up. I will bet anyone, who's a taker, $5,000 that we can pull random repo cases and that specific case will have at least one, more like 3 to 5 or more, violations of federal and/or state law. Most people never challenge a repo... that's what the lender relies on. It's a numbers game. They don't have the means or the drive to follow through. Some legitimately just have no hope of pulling out of the situation in which they find themselves. Some have way over extended themselves selves through blatant irresponsibility, by both the borrower and the lender. BUT the car does not tell the story. There are Ferrarri owners who've fallen on hard times and predatory lenders are looking to cash in while disregarding laws put in place to protect the borrower. They may have a realistic plan to pull through and save their cars, but the lender tricks and lies and steals there cars. Then there are 1984 buick owners who bout a car and never made a payment with the full intention of converting the lender's generosity in offer them second chances. To make a short story long... if I think someone is getting fucked, they will leave my employ with their car. It's a small percentage who have been legitimately wronged and have the means and hope to recover... but if it's you who are populating that percentage, it's sure the fuck important to you... and 100% reversible if you find an attorney who can spell repossession and has google.

In today’s episode of financial irresponsibility, brought to you again by rappers!

Does AutoTempest allow you to sort results by number of repossessions?

What he's saying is, people were flossing and couldn't afford it.

As someone who worked in the subprime auto finance market for some time. I can speak to the ridiculousness some companies will go to help dealers make money. Some very aggressive finance companies can lend 160% LTV on some real dog shit cars. 99.999% of all cars are depreciating assets, but during 2008-2012 you could say the used car market witnessed a hyper inflation. Due to over supply and lack of demand. Driving used car prices even lower. All I have to say is many companies and especially credit unions are repeating some similar lending practices.

Missed opportunity, you should've called this video "repo's delight"

Welcome To Atlanta Where The Playas Play (with cars they can't afford) 🎶

90% of rappers cant afford these cars to begin with....

"routed a coolant line into the bell housing, to cool off the clutch disc" I have so many questions as to how that would even possibly work.....my brain hurts just trying to think about it.

Finally the best story teller of the channel is back!

If I were in a position to own a exotic vehicle and I knew Ed was coming to repo my vehicle, I hope he would give me a great story and then take the vehicle. Lol lol lol

I have never once missed a Lamborghini payment. I've also never _had_ a Lamborghini or a loan for one but that's besides the fact

Repo cars are some of the most clapped out heaps you can buy. Sounds like the high end stuff isn't any better.

Dupree's story wasn't a typical finance issue. He F'd it up and walked away from it. Dumb for having heavy ass wheels but smart enough to call quits. It all washes out in Bankruptcy anyway. #RICHISSUES

funny Lambo story: In 2006 there was a dent repair vendor at our lot and a customer of theirs had their 19yr old son bring down a bright orange Diablo to get a dent repaired. The owner had just bought it off Busta Rhymes (had flipmode squad stitched in the head rest). One of the salesmen at our dealership talked to kid in to taking him for a ride. Well, from what I heard, the diablo was an AWD car but Busta has it converted to RWD (cant confirm this for sure). Anyway, the kid showed off and went sideways 3 times before going head first into a tree and wrecked the car. (I still have pics). The owner apparently hadn't even insured the car yet.. I still remember seeing the owner come ripping around the corner in a Z06, and the look on that kids face was pure terror... Never seen a beautiful car destroyed so quickly.

Thank you jesus a reposession story and ed bolian my day just got awesome

I cry for those that couldn't afford to keep their 200k+ cars

If you have to borrow money to buy an exotic car, you can't afford an exotic car.

me who just accidentally clicked this video: shit i dont wanna watch this right now ed: he had taken a golf club and hit the windshield several times me: well..i suppose i am interested

This is one of the coolest subs on RU-vid. These stories are priceless and it's great that there's an outlet for them to be told on a large scale.

3:50....”a lot of them were from local Atlanta rappers”....no way, I don’t believe you🤣🤣🤣

Never pressed F5 so many times in a row... =D

I'd be honored to have Ed repossess my Lamborghini.

May dad gave me a great bit of advice when I first bought my house. He said, "Life is never easy, and if you find yourself hard up for cash and you have to choose between your house payment or your car payment, ALWAYS make the car payment. You can't drive your house to work, but you can live in your car." In 2008 the economy tanked, he passed away, and I found myself unemployed. That bit of advice came in very handy. I never lost the car, and It took me a year and a half but I got caught up on my mortgage. My credit is still bruised from that beating, but it's getting better every day.

A perfect lesson for every person in this social media generation. You are seeing the BEST possible scenarios and situations on someones social media. This is the kind of thing you DONT see. Dont judge your personal life off of what you see on others social media. A lot of 10 cent millionaires in this world.

I ran a sales Dept at a repo lot in Portland Oregon in 07-08. Great times! Made a boat load of money off idiots who don't understand the term "live within your means". Contractors who spent 10 on lift kits for thier work trucks, realestate agents with 90k suvs , young kids with Mom co signing on a 40k sports car and the regular drug addicts and drunks were the usual customers. Every once in a while we get a wild story. Back robber gets cought in a car he owed money on. We had to get car from police impound. He is probably still locked up. Child molester goes to jail. Had to get his car from his apartment after he got locked up. Again. Probably still in a cage. People killing themselves. Getting cars from the family for those was sad cause it was personal items inside from lost loved ones. Divorces always kept us busy. Then u had professional debters. People who convinced others to coe sign them then took off with cars. Immagrants we're also big into buying a car and then leaving the country. Only to sell the car to friends or family who stayed here and knew it was out for repo . They would use it and abuse it till we could find it . Some times we never found them. The cops would call the bank cause they impounded it for a crime. Or another tow company would impound it for parking or accidents or abandoned. Other good ones were drug dealers, doctors, porn stars dentists , cops etc etc. Everyone gets repoed if they ain't cArful . Divorces , drugs, gambling , loose women or something along those lines always throws people off thier game and they get cought slipping and then loose track of money and responsibilities. Next thing u know they are up for repo and a foreclouser and then for the finally, a BK. The stories at the repo company never got old. The head reop guy , had some great stories of picking cars up. I just apprised them and communicated with lenders and then facilitated a sale fair to everyone , lein holder and new customer. I did go pick up some cars everyonce in a while. Best ones are not postable on here. With Google and all, it wouldn't be hard to find out who I am talking about or who I am. I don't need that bitting me in the backside. End result is that you should always live in your means and pay your bills first before u treat yourself to anything other then food and shelter.

I remember seeing advertisements for Uberballer wheels in DuPont Registry years ago. Never saw them in person though.

The best way to start your day is with a nice breakfast and a VinWiki story

Rule of thumb: Your monthly house payment should never be more than half your net income. Your monthly car payment should never be more than half your house payment. It's not bullet proof, but should keep you closer in line to what you can pay.

When I see @edbolan in the description I know it's going to be a good video.

I own 2 cars. A 2002 and 2003 Ford Taurus. No payments.

Dude I’ve learned soooo much from your videos keep posting

I worked for a Harley Davidson dealership from 03 to 2009 and we had very similar things happen with the banks and how far they would go to sell motorcycles one specific case always stuck in my mind we had a young man buy a base model 883 sportster the only option it had from the very bottom speck was it had blue tins a 200.00$ upgrade from black the base model anyway we could put value on paper anything with a sku for a down payment so this young man went to the dollar store and bought a boom box for approximately $12.00 and used it for a down payment when his note was all done he had financed 14k on a 6k msrp fully covered of course with 7 yrs of extended service plan GAP coverage and pre payed services. The young man was extremely happy and very aware of what he had done. 8 months later he traded the 883 in on a 18k new Softtail and had a 7 year note of something like an $800.00 a month payment still very happy young man but I was and to this day amazed the lengths the finance company’s would go to in order to move inventory. There is no way you could do that now but in that time frame again 2003 to approximately 2009 it was like the wild Wild West lol.

Saw the title and knew this would be another Ed Classic!

Uberballer wheels - A product where you know the seller is making fun of you - Oh Ed you the man! LMAO 🤣🤣🤣🤣🤣🤣

An Ed story without a shrewd negotiation, I want my money back ;)

I'm surprised he didn't mention that the customers who bought the cars from that dealer had them repossessed by the bank even though they're stuck paying for them.... .. I've done a few repos in such cases and it's brutal how screwed the innocent people are.

At least with a rapper, you can go after the co-signer as well.

Ed's the kind of guy who has a really good story about a glove box and a chicken farm.

9/7/17 My first ever football game, JV, Freshman year. I broke my left tib and fib in half on the eighth play of the game. I had a rod and four screws put into the center of my tib. Didn't walk for over two months. They said it would take over a year for my strength to come back. By the middle of march I was back to my squat pr, two weeks later I beat it by 20lbs squatting 405. My deadlift is still yet to come back, the reasoning being the muscle on the left side of my back were not strong enough to maintain to correct position, I ended up tearing up my low back as I wasn't aware of my failure to show correct technique till I got with a coach. So the imbalances will be there, but the muscle comes back fast. Yall's videos helped me through my recovery time, so I send my best wishes to you. God bless.

Dude, you could be describing quantum physics (which I know nothing about) and I'd listened joyfully. Your voice and storytelling is amazing! Thanks for the videos!

So So Definitely ruined his lambo

This channel really delivers. Love the stories. But I have a hard time feeling sorry for down and out Lamborghini owners.

I build dirt track racing chassis's, engines and bodies. You are the only high end auto channel I watch. Your down to earth and a generally nice guy who I would be pleased to deal with if I was ever in the market for a high end car. Thanks for all the great videos!

Ed, I remember asking for a video on the Great Recession and the luxury car market a while ago, thanks for making this

Well when you go from 0 to a million with literally no financial guidance bad decisions have the potential to happen. But you live and you learn, Jermaine dupri has definitely made enough money since then to buy that car a couple times over, and pretty sure he learned a valuable lesson

Maybe he made it rain a few to many times lol

Jermaine Dupri already found the video and became the single dislike. RIP to your credit.

In this case, quality of customers declining can be correlated to quality of music declining as well.

I know some (or most) of you will disagree with me... but there's really only 1 thing in life anyone with a 'firm grasp of finances' should actually finance and that is... a primary mortgage. I can't even begin to fathom making 'house payment type payments' ($750-$3000 per month) to 'partially own' a vehicle. It boggles my mind when I hear of anyone earning at least $1 million+ per year having to declare bankruptcy due to inability to stay current on... *OUTSTANDING CAR LOANS!* If you're making that amount of jack (or more) per year... well, that type of jack allows you to be *free of loans!* Idiots!

*ROB DAHM NEEDS TO COME ON VINWIKI AND GIVE US SOME OF HIS CAR STORIES*

Ed really has a knack for making super sketchy business transactions not sound super sketchy...

The funny thing is I live in Atlanta and my dad was offers by his banker friend a Lamborghini mercy for 79,000 dollars I think it might’ve been the same one

opens video "please be Ed, please be Ed"

Good vinwiki to start my day gonna be in traffic with all these car crashes

Well, this an awesome episode. They really get to the story and never make it so much longer than it has to be.

Ed and Rabbit tell the best stories!

Jermaine Dupri.. Ed’s best customer !

i wanna know the shop that recommended to a customer they cut out part of the frame to be a removable piece

You are an amazing story teller.

Ed's back with another great Lambo story!!

More stories like this!!!

I guess the same advice applies to exotic cars as to stocks, i.e never get into a situation where you can't afford to lose it all. In this instance it means that you should never borrow so much that you end up with negative equity even when the value of the asset goes to zero.

fascinating interview, sharp dude

Never had a car payment. Always saved up for my vehicle. Then bought it nice and used. One owner. All maintenance records. The hell with a car note

Was watching this in class and a friend was confused

Bloody 2008!! The year that killed my first business. A courier business i set up in 2005 and that FINALLY started to make some decent money by 2007.....then 2008. All my cars (Ford Connect,a Europe only minivan based on the Fiesta),all my drivers,all my everything POOF,gone. My entrepreneur spirit was delt a massive blow i have to admit

Very quick and informative guy ,👍

I know that it's the power of hindsight, but whenever he tells a pre 08 history i just shake my head, saying to my self. "oh god how nobody saw it coming"

ED B. IN DA HOUSE!!!

VW CREDIT was looking for Vic and got him conVICted.

I was in love with Lamborghini before the rappers knew what they were, back when the only model they made was the countach and it only came in red, white, or black. I think it's sacrilege what J.D. did to that poor car and I'm glad they took it from him!

Ed, how about finding some repo men with great stories. As always, I enjoy these stories and all of the people you get for this channel.

Lamborghini Murci yo bank she so thirsty, I’m in my two seat Lambo wit da police tryna hurt me

Crazy story about Vik who owned the lambo dealership. He actually got off with it! His case was dismissed.

Haha.....I used to detail these cars for Ed...Never new the stories behind these cars....Good stuff.

This guy makes simple stories much more interesting

i’m going to be honest that yellow lambo with those “ridiculous” wheels actually looks ok.

Apparently there were other clients cars that was repossessed but their names were not mentioned. Go figure

Something about Ed that makes me stay to watch the whole video 😂

You’re the man Ed.

Comment section's a bit prickly today

"my stature may be short, but my money is long" Jermaine duprie.

I use to do home foreclosures from 2001 to 2005. Some people where carrying so much debt and living outside their means that the slightest hiccup in their income and they where in default.

The whole economy/lending/repo/sales catastrophe is pretty interesting to me. There should be a documentary made about it.

If you put Uber bowler wheels on your car it should also come with a sticker that says I can’t afford this car

Now the new exotic car flexers are youtuber vloggers . Lol

Though speaking steadily without pause, he never seems to inhale a breath. Facinating.

8:42 they named their Indian restaurant NaanStop 😂 😂 and now I’m hungry