Noodgedwongen vernietigt hijskraan dure restauratie !!

Stipt Polish Point

20 Sept 202417:56

Summary

TLDRIn this video, the narrator recounts his experience with a failed business venture involving the restoration of a Peugeot 205, which he bought for €175. Despite the emotional attachment as it was his wedding car, he decides it's not economically viable to restore it, with costs exceeding €50 for a factory-new look. Instead, he opts to buy a Mercedes C63s AMG for less than the restoration cost. He invites viewers who have made purchases of €50 or more to participate in a giveaway for the Mercedes on October 1st, emphasizing the car's performance and value for money.

Takeaways

😅 The entrepreneur feels a sense of failure after realizing that a promotional campaign was not profitable due to high costs and low returns.
🚗 The purchase of a Peugeot 205 for €175 was made despite it being overpriced, with the seller having owned it for 22 years.
🔍 A calculation revealed that restoring the Peugeot 205 to factory-new condition would cost €50, prompting a reconsideration of the purchase.
🏎️ A Mercedes C63s AMG was bought as an alternative, costing less than the restoration of the Peugeot, and is offered as a prize for a promotional campaign starting on October 1st.
💸 The campaign's low participation and lack of enthusiasm for the Peugeot led to a decision to give away the Mercedes instead.
🔨 The Mercedes was in a poor state, necessitating a complete restoration, which included disassembling, ordering parts, and extensive bodywork.
💔 The emotional attachment to the Peugeot 205 as a wedding car made the decision to replace it with the Mercedes a difficult one.
🛠️ The restoration process was not cost-effective, with the costs of repairing and updating the Peugeot outweighing the benefits.
🚫 The Peugeot 205 was deemed unsafe and unsuitable for road use due to extensive rot and damage, leading to the decision to replace it.
🎁 The owner of the Peugeot 205 is offered the keys to the Mercedes as a replacement, symbolizing a transition from an old, cherished memory to a new, exciting one.

Q & A

What was the initial issue the speaker faced with the Peugeot 205?
-The speaker felt they had overpaid for the Peugeot 205, spending €175 on a car that was not considered valuable by others.
Why did the speaker decide to calculate the costs of restoring the Peugeot 205?
-The speaker wanted to restore the car to a factory-new condition, including adding a sticker, and needed to calculate the external costs excluding their own labor.
What was the outcome of the speaker's calculation for the Peugeot 205 restoration?
-The calculation showed that it would cost €50 to restore the car to a factory-new condition, which led to a discussion with Rik about the impracticality of the project.
What did the speaker decide to do instead of restoring the Peugeot 205?
-The speaker decided to purchase a Mercedes C63s AMG, which cost less than the restoration of the Peugeot 205.
What was the condition of the Mercedes C63s AMG when the speaker acquired it?
-The Mercedes was in poor condition, needing a complete overhaul, with all internal parts being rotten and the exterior requiring significant work.
Why did the speaker decide to give away the Mercedes C63s AMG?
-The speaker decided to give away the Mercedes as part of a promotion, with the winner being chosen from those who made orders of €50 or more.
What was the emotional significance of the Peugeot 205 to the original owner?
-The Peugeot 205 was the original owner's wedding car, holding a special place in his memories.
What was the final decision regarding the Peugeot 205 after the restoration costs were too high?
-The speaker decided to scrap the Peugeot 205 as it was not economically viable to restore, and instead focused on giving away the Mercedes C63s AMG.
What was the speaker's strategy for promoting the giveaway of the Mercedes C63s AMG?
-The speaker promoted the giveaway by encouraging people to make orders of €50 or more, with the winner being selected on October 1st.
How did the speaker handle the emotional aspect of scrapping the Peugeot 205, which was the owner's wedding car?
-The speaker acknowledged the emotional value of the Peugeot 205 to its original owner and decided to return the key and any salvageable parts to the owner, respecting the car's history.

Outlines

00:00

🚗 The Dilemma of a Failed Business Decision

The speaker, Jorik, begins by expressing his frustration as an entrepreneur who has made a significant financial mistake. He purchased a Peugeot 205 for €175, which he later realizes was overpriced. Despite the car's sentimental value due to its 22-year history with its previous owner, Jorik is disheartened by the lack of interest from others and the financial loss. He then calculates the costs to restore the car to factory condition, including personnel and material expenses, which amount to €50. His friend Rik advises him to buy something more worthwhile, leading Jorik to purchase a Mercedes C63s AMG for less than the cost of restoring the Peugeot. The narrative shifts to a promotional event where customers who have made purchases of €50 or more have a chance to win the Mercedes. Jorik reflects on the impracticality of restoring the Peugeot and decides to move on, focusing on the excitement of giving away the Mercedes on October 1st.

05:02

🔧 The Reality of Car Restoration Costs

In this paragraph, Jorik discusses the harsh reality of car restoration. He mentions that the Peugeot 205 he bought for €175 was essentially scrap, and after a thorough inspection, he decides it's not worth the investment to restore. Jorik explains that the car's condition was so poor that even the simplest repairs were not feasible, and the car was beyond salvage. He contrasts this with the decision to purchase a new car, which would bring more joy to more people. He reflects on the Peugeot's history, having been owned for over 20 years, and the emotional attachment he had developed for it. Jorik ultimately decides to let go of the Peugeot, acknowledging that it's time to move on and appreciate the memories it provided.

10:02

🏎️ The Thrill of Driving a Restored AMG

Jorik shifts his focus to the Mercedes C63s AMG, which he has decided to give away. He describes the excitement of driving the powerful car, highlighting its impressive acceleration and the joy it brings. The paragraph captures the essence of the car's performance, with Jorik expressing his amazement at the speed and the overall experience. He mentions that the car is now in excellent condition, with all necessary repairs and upgrades completed, making it a valuable prize for the winner of the giveaway. Jorik also discusses the decision-making process behind choosing the Mercedes over the Peugeot, emphasizing the economic and emotional aspects of the choice.

15:02

🛠️ The Emotional and Financial Aspects of Car Ownership

In the final paragraph, Jorik reflects on the emotional and financial implications of car ownership. He speaks about the Peugeot 205, which he had for 20 years, and the decision to part ways with it. Jorik acknowledges the emotional value attached to the car but also recognizes the financial burden of maintaining and restoring it. He discusses the costs associated with the car's restoration and the decision to purchase the Mercedes instead. Jorik also mentions his conversation with his accountant, which solidified his decision to let go of the Peugeot. He concludes by expressing gratitude for the memories the car provided and the opportunity to give someone else the joy of owning a restored car.

Mindmap

Keywords

💡Entrepreneur

An entrepreneur is an individual who organizes and operates a business, taking on financial risks to do so, with the goal of making a profit. In the video, the speaker identifies as an entrepreneur and discusses the challenges and financial considerations they face in their business, such as making a failed investment in a Peugeot 205.

💡Accountant

An accountant is a professional who deals with the measurement, disclosure, and interpretation of financial information. In the context of the video, the speaker consults with their accountant about the financial aspects of a business decision, specifically regarding the cost of restoring a car versus purchasing a new one.

💡Peugeot 205

The Peugeot 205 is a model of car produced by the French automaker Peugeot. In the video, the speaker mentions purchasing a Peugeot 205 for a high price, which they later regret due to the extensive restoration costs required, illustrating the financial pitfalls that can occur in business decisions.

💡Restoration

Restoration refers to the process of repairing or renovating something to its original state. The video discusses the speaker's decision to restore a car, which involves extensive work and high costs, ultimately leading to the conclusion that it's not financially viable.

💡Mercedes C63s AMG

The Mercedes C63s AMG is a high-performance vehicle model known for its speed and power. In the video, the speaker decides to purchase a Mercedes C63s AMG instead of restoring the Peugeot 205, highlighting a shift in strategy from restoration to investing in a new, high-value asset.

💡

💡Profitability

Profitability is the ability of a business to generate profit. The video script discusses the speaker's calculations regarding the profitability of restoring a car versus buying a new one, emphasizing the importance of financial analysis in business decisions.

💡Promotional Activities

Promotional activities are marketing efforts designed to increase the visibility and sales of a product or service. The video mentions that the speaker's promotional activities, while appreciated, did not result in financial gain, indicating a need for a more profitable strategy.

💡Calculation

A calculation is a mathematical computation to determine a result. In the video, the speaker performs calculations to assess the costs associated with restoring a car to a 'factory new' condition, which helps in making an informed business decision.

💡Scrap

To scrap something means to discard it as useless or no longer needed. The video describes the decision to scrap a car that is beyond repair, demonstrating a practical approach to managing unprofitable assets.

💡Emotionally Valuable

Emotionally valuable items hold sentimental worth beyond their monetary value. The speaker mentions that the car they decided to scrap was their wedding car, making it emotionally valuable, which adds a personal and emotional layer to the business decision.

💡Practicality

Practicality refers to the quality of being practical or functional. The video script reflects on the practicality of different business decisions, such as choosing to buy a new car over restoring an old one, based on cost-effectiveness and potential return on investment.

Highlights

Entrepreneur feels the pressure of a failed promotional campaign due to a lack of sales.

Purchase of a Peugeot 205 for €175, despite it being overpriced.

Emotional attachment to the car as it was owned for over 20 years.

The car's history includes over 40 orders and being sold more than 20 years ago.

Low enthusiasm for the car during the promotional period, leading to a reevaluation of the strategy.

Calculations reveal that restoring the car to factory condition would cost €50.

Advice to purchase something more worthwhile instead of investing in the restoration.

Decision to buy a Mercedes C63s AMG for less than the cost of restoring the Peugeot.

A giveaway is planned for the Mercedes on October 1st for customers who have made purchases of €50 or more.

The Mercedes is already partially restored and prepped for a full restoration.

The Peugeot is deemed beyond repair and not roadworthy, leading to the decision to replace it.

Emotional significance of the Peugeot as it was the entrepreneur's wedding car.

The decision to inform the original owner of the Peugeot about the car's fate in a considerate manner.

The entrepreneur's expectation of a car that looks new and pristine.

The process of disassembling and ordering new parts for the Peugeot.

Realization that the restoration costs outweigh the car's value, leading to the decision to purchase a new car.

The Peugeot's owner is given the option to keep the car's intact parts as a sentimental gesture.

The entrepreneur's reflection on the economic and emotional value of the car and the decision to part with it.

A new beginning symbolized by the purchase of the Mercedes and the giveaway event.

The entrepreneur's gratitude to the audience and the announcement of the Mercedes giveaway.