The Ledger
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Ghadimi: VIP Motoring guarantees massive resale profits on exotic cars within a year
“We allow people to come in and purchase, let's say, a car that we're buying for half a million. We'll let them purchase it for 700,000, and we'll guarantee that we'll resell it somewhere around 1.2 million in the next year or so.”
Ghadimi: VIP Motoring investors face zero risk to principal during market downturns
“We also have guarantees in place in case, let's say the market takes a tank. We can always back out and get out of certain deals so that the actual consumer is never actually impacted by this. So their principle is ultimately safe.”
Ghadimi: We paid a €70,000 bribe to divert a Ferrari 488 allocation
“One of the things we did is the car was heading to Germany. So we have to bribe someone upwards of 70,000 euros. Just to allow the car to change routes and ultimately tell the client that they weren't going to get a car because of the mistake in exchange getti…”
Ghadimi: VIP Motoring made $500k upfront flipping a Ferrari LaFerrari allocation
“Like we had three allocations, which is unheard of. We had three of such cars at sticker between 1.3 and 1.5. We took, let's say, let's use one of them as an example, 1.5 buying price. We went ahead and actually got someone to invest in that car at two million…”
Ghadimi: Exotic car flipping cannot scale indefinitely due to scarce allocations
“There's only so many cars you can do this with, and there's only so many allocations you can take. The other disbenefit is also that not only you can do this on a limited basis, but it also has costs, meaning that actually finding people, et cetera, actually t…”
Ghadimi claims VIP Motoring was first to enable exotic car investing
“VIP motoring is a luxury concierge service that focuses on helping people invest in high-end exotic cars and extremely collectible cars, and so that's been the case since we were the first ever to allow this”
Ghadimi: VIP Motoring maintains an on-site private circuit to test vehicles
“Well, we have our own warehouse, and in the back of it, we have our own circuit, meaning we can drive the cars for the sake of keeping the tires well, and actually maintaining anything we need, test driving, doing any types of actual maintenance to the cars th…”