The business model these guys use is unique and ridiculously stupid. I wonder why they even need to get people to agree to had over their cars, since they have the money to do the restorations anyway. The cars they make deals for are worthless. One of the cars was so eaten away by rust that they had to go buy another car like it to get the body. They paid $3500 for the donor car, and we're supposed to believe that the one they took in on the deal was any better.
They offer the owners of these rusted out hulks 15 percent of the final sale price plus a guaranteed payment of more than the POS being restored is worth. They are selling the cars at a local no-reserve auction. How can they expect to profit and guarantee cash for the cars regardless of how little they bring at auction.
The business model is delusional. I had to stop trying to watch this.
They offer the owners of these rusted out hulks 15 percent of the final sale price plus a guaranteed payment of more than the POS being restored is worth. They are selling the cars at a local no-reserve auction. How can they expect to profit and guarantee cash for the cars regardless of how little they bring at auction.
The business model is delusional. I had to stop trying to watch this.