78 cars already sold on Dougslist

"davesaddiction @ opposite-lock.com" (davesaddiction)
07/10/2020 at 09:28 • Filed to: None

...and at least 45 currently up for auction. I’d call that a successful launch. Good for Doug - wonder at what point he’ll slow down his pace on YouTube. I assume the grind of that got him thinking about other sources of income.

Pretty cool...

DISCUSSION (40)

ranwhenparked > davesaddiction @ opposite-lock.com
07/10/2020 at 09:41

Some YouTubers seem to be developing contingencies in the event that YT changes their compensation models, or starts banning more types of channels. I know Dr. Matt started that outside promotional products company to supplement YT income, along with adding extra channels in case the main two get shut down.

Just Jeepin' > davesaddiction @ opposite-lock.com
07/10/2020 at 09:45

How are the prices so far?

davesaddiction @ opposite-lock.com > ranwhenparked
07/10/2020 at 09:46

Yeah, it’s way too risky to put all your eggs in the YouTube basket.

Farah is about to open a high-end car storage/club.

davesaddiction @ opposite-lock.com > Just Jeepin'
07/10/2020 at 09:49

Depends on the car. Looks like there are deals to be had. I forget the Oppo, but one guy here tried listing with them, but they couldn’t agree on the reserve, so it sounds like Doug and Co. are working hard to keep the reserve numbers in check so cars sell more often than not.

qbeezy > davesaddiction @ opposite-lock.com
07/10/2020 at 10:00

Good for Doug. Using Youtube to open another business is kinda like a Youtuber retirement plan. I can imagine he’ll start winding down making as many videos in a few years. Youtube is way too volatile . This recent adpocolypse has people scrambling.

davesaddiction @ opposite-lock.com > qbeezy
07/10/2020 at 10:03

His last post on AutoTrader is from March - wonder if that gig is over.

ranwhenparked > davesaddiction @ opposite-lock.com
07/10/2020 at 10:19

Its always been a smart move in the entertainment business, anyway. Dr. Dre didn’t make $800 million just on album sales, Jimmy Buffett didn’t get to $550 million from concert tickets, and Jay Leno sure as hell didn’t get all of his $400 million from the Tonight Show.

hike > davesaddiction @ opposite-lock.com
07/10/2020 at 10:24

Almost definitely. I think Hoovie said something in one of his videos about Autotrader basically cutting back Oversteer when the Pandemic got serious in March. It also used to have a headline that it was commentary from essentially Doug and friends. Now it doesn't mention Doug at all.

davesaddiction @ opposite-lock.com > ranwhenparked
07/10/2020 at 10:26

yep

I’m not really a fan of Leno’s schtick (he’s much more likable as a car guy), but I was always with this:

Leno was smart about how he handled both paychecks, too. He banked the bigger one and lived off the smaller one . When he was first starting out, that meant saving the money he made working at a car dealership and spending what he made as a comedian.

“Then I got to the point where the comedy money was, like, five times the other money, so I decided to flip it around and save the comedy money,” Leno says. “I would always spend the lesser amount of what the two were.”

He continued relying on this strategy even after he started hosting “The Tonight Show” in 1992. “I pretended as if I didn’t even have the ‘Tonight Show’ job,” says Leno, who instead, lived off the money he earned doing comedy gigs on the side. “You know, when you start making money, you get lazy. I wanted to make sure I always had that hunger, so I never looked” at his TV money. “It would go directly into a bank.”

After 22 years on the job, he accumulated “a nice little nest egg,” he adds. Even today, Leno still does two to three comedy gigs a week, or “210 jobs a year outside of whatever else I’m doing.” After all, “if you do something and it works, then keep doing it.”

davesaddiction @ opposite-lock.com > hike
07/10/2020 at 10:29

He probably had to give it up once he started working on his website - kind of a conflict of interest...

Thomas Donohue > ranwhenparked
07/10/2020 at 10:49

I think the majority of Leno’s money ($300 million +) is from the tonight show and stand- up , with the original NBC checks still sitting in the bank . Obviously he does the Garage thing and some endorsing, but I would thi nk that mainly covers the costs of buying/maintaining his fleet. I could be wrong but I don’t see him flipping many cars or doing much else yet that would result in Tonight-show levels of income.

Kind of expecting him to eventually open a Petersen-like museum at some point with that collection, which to your point is appreciating and adding significantly to his net worth.

ranwhenparked > Thomas Donohue
07/10/2020 at 10:59

I don’t believe he’s ever sold a car or bike after he got famous - other than for specific charity purposes , and maybe not for a bit before that, even. He still has the Buick he lived in for awhile when he first got to LA.

He always claimed he never spent a dime of his Tonight Show income during his tenure as host, and lived totally off his standup comedy money and investments.

Seems to be splurging a bit more since semi-retirement, though. Buying t hat house in Newport, RI is something I couldn’t have envisioned him doing when he was still hosting.

And BTW, I think he still made a pretty smart buy - $13.5 million for this place seems like a bit of a steal.

Kinja'd!!!

Milky > davesaddiction @ opposite-lock.com
07/10/2020 at 11:01

Okay its a bit rough, but thats cheap. Unless bidding gets crazy someone is getting a deal.

Kinja'd!!!

Thomas Donohue > ranwhenparked
07/10/2020 at 11:13

Only a six car garage. CP. “Ca ll the architects!!!!!”

Didn’t know he bought a place like that on the East coast. That place is....wow.

Kinja'd!!!

ranwhenparked > Thomas Donohue
07/10/2020 at 11:18

And in freaking Newport, too! He didn’t technically buy the whole thing, though. It was subdivided into 5 condos in the ‘80s, and he bought 4 out of the 5 and recombined them. There’s still one unit in one of the wings that’s separately owned .

davesaddiction @ opposite-lock.com > Milky
07/10/2020 at 11:31

It’s brave of anyone to do No Reserve on a platform this new (with a car like this with such a small buyer pool).

Milky > davesaddiction @ opposite-lock.com
07/10/2020 at 11:32

Right? If I were more impulse driven there would be a new bid on it.

davesaddiction @ opposite-lock.com > Milky
07/10/2020 at 11:35

I mean, if you KNOW you could flip it for twice what you’d pay...

Thomas Donohue > ranwhenparked
07/10/2020 at 11:37

There’s still one unit in one of the wings that’s separately owned.

what???? That’s crazy. Although all he’ll have to do is stand outside and do his act each night, and they’ll be a for sale sign by September.

(just not a fan of his standup, or his gig on the Tonight Show. But I can get through a Garage as long as the topic is somewhat interesting )

jminer > davesaddiction @ opposite-lock.com
07/10/2020 at 12:06

That RAV4 with sweet graphics is amazing - it went for only $2k?!

davesaddiction @ opposite-lock.com > jminer
07/10/2020 at 12:20

Yeah, that was a great get.

davesaddiction @ opposite-lock.com > jminer
07/10/2020 at 12:22

I’m wondering how long I’m going to be able to put off adding Ivan “Ironman” Stewart graphics on my Tacoma...

jminer > davesaddiction @ opposite-lock.com
07/10/2020 at 12:32

That would look awesome for sure

415s30 W123TSXWaggoIIIIIIo ( •_•))°) > davesaddiction @ opposite-lock.com
07/10/2020 at 13:28

Well you have to give it to Doug for using his cache, with BaT being questionable at times it helps his cause.

415s30 W123TSXWaggoIIIIIIo ( •_•))°) > davesaddiction @ opposite-lock.com
07/10/2020 at 13:33

My dream is to own a storage business, could be diversified. Then when I get older and work on shows less I can be there and also hire a manager later and I can leave more often.

davesaddiction @ opposite-lock.com > 415s30 W123TSXWaggoIIIIIIo ( •_•))°)
07/10/2020 at 13:37

He’s always had a gift for making a connection with his readers/viewers. Appears that he’s keeping that up with this venture.

davesaddiction @ opposite-lock.com > 415s30 W123TSXWaggoIIIIIIo ( •_•))°)
07/10/2020 at 13:42

Seems like a good business. Folks always accumulate too much stuff...

WasGTIthenGTOthenNOVAnowbacktoGTI > jminer
07/10/2020 at 13:51

That’s the 1 our of 100 horror story with having a no reserve auction.

I bet the owner wanted way more.

WasGTIthenGTOthenNOVAnowbacktoGTI > davesaddiction @ opposite-lock.com
07/10/2020 at 13:52

I can’t blame them for that. Not now with the site being so new anyway.....

jminer > WasGTIthenGTOthenNOVAnowbacktoGTI
07/10/2020 at 14:37

The owner could have definitely gotten double that. C lapped out 1st gen RAV4s go for $2k here.

AdamVIP > davesaddiction @ opposite-lock.com
07/10/2020 at 16:14

Man I was sad to sell it but I’m glad I sold my SS sedan when I did. I had a 2016 with quite a few more miles on that I got rid of last year for a lot more than the one that sold there.

davesaddiction @ opposite-lock.com > AdamVIP
07/10/2020 at 23:36

Any reason not to buy one?

It’s fairly high on my “next” list.

Saracen > davesaddiction @ opposite-lock.com
07/11/2020 at 01:10

There were two cars local to me that I was REALLY tempted to bid on. The RS4 and the white E34 M5. The M5 especially wooed me. It was freakin pristine.

davesaddiction @ opposite-lock.com > Saracen
07/11/2020 at 16:54

Yeah, someone’s going to be very happy with that gem.

AdamVIP > davesaddiction @ opposite-lock.com
07/13/2020 at 08:46

It was a great car. The paint quality sucked (Not quite as bad as Tesla, but Holden paint sucks too) but I never had any real issues. I had squealing br akes which were a TSB (needed more copper paste from the factory) and other than that it was just oil changes and brake pads. Th e transmission was great (T6060) and it sounded great with the exhaust opened.

In the end I got rid of it because my commute changed and I was driving it too much in lame conditions. I was spending $ 420 a month in fuel to sit on the freeway and putting 20k+ miles a year on it. I sold it before the resale would tank. In the end I drove it 3.5 years and racked up over 50k miles and sold it for 39k. Not a bad run for new car depreciation. I bought at 46 plus taxes so overall I spent about 21k including taxes and excluding gas to drive it. I’d do it again.

davesaddiction @ opposite-lock.com > AdamVIP
07/13/2020 at 15:06

Good to know - sorry your commute made you get rid of it!

AdamVIP > davesaddiction @ opposite-lock.com
07/13/2020 at 15:29

No worries. It was one of those adulting decisions you have to make every so often . The good news is that it was a decent financial decision. We put solar on the house last year and the system is large enough to cover our house usage as well as charging the Tesla every night. Its all paid for so getting the Tesla brings down the payback period as well as not costing me anything new to run. When the Tesla is paid off it will be the cheapest car possible to run. Plus I ended up getting over 5k back in rebates on the car and bought on a great dip in the Tesla pricing model for the Performance version. I did buy it after they got rid of EAP though and that would have been handy.

davesaddiction @ opposite-lock.com > AdamVIP
07/13/2020 at 15:46

Nicely done. How long is the payoff for the solar system you installed? I’ve thought about this, but not sure if the sun is strong enough here to make it worth it.

Hope your Tesla lasts you many years.

But your really should’ve bought TSLA stock instead. LOL

AdamVIP > davesaddiction @ opposite-lock.com
07/13/2020 at 16:18

Solar payoff was about 9 years without the Tesla and about 6 years with it. Its warrantied for 25 years and we plan on being in the house at least 20. We should have a nice profit by the time we move.

I do own some TSLA. I hear its up again today too.

davesaddiction @ opposite-lock.com > AdamVIP
07/13/2020 at 16:21

Not bad at all! I think it’s closer to 20 here, so a much tougher decision.

It’s just insane... Ha! Time to sell half?