I like this program as general entertainment Mike gets on my .... at times he really is his own biggest fan. He tries to make out that he's the best car sales man and car buyer. At the end of each episode he is well proud of the profit that they make on the cars.. The truth is when viewed logically I have watched most if not all of the episodes and I think they have actually made a loss on every car..
Reason being you have a top mechanic Ed China working redonkuless amounts of hours on a car yet there is no charge for his labour content.. Even if you only charging his labour out as a decent mechanics wages rather than a garages hourly rate it would come out as a loss.. One episode springs to mind Ed claims it took 6 weeks graft repairing reassembling and fitting the new parts to a American car that mike had purchased cheap All in costs of the car, parts importing and total paint job came in at just over £14k ... OK car looked sounded great after all this and Mike sold it for £16k so he claims to have made @ £2k profit ...
hum OK so is ED claiming unemployment benefits and working for free I think not..
I feel a quality Mechanic would be on way over £8.33 per hour and if he did in fact work 6 weeks on this motor as he said that's the hourly rate it works out for a 40 hour week. That isn't even accounting for the assistant that helped him fit all the chrome work and the interior.. That car like many of the ones Mike selects wouldn't be classed as a hobby car by anyone to repair evenings and weekends because the time it would have taken doing it that way the car would decompose faster than you would have chance to glue the bits back on..
As I said the shows entertaining but really not practical in that respect like top gear just watch for fun .. TIP Don't shake mikes hand though you will either have sold your car to him under-priced or his sold you a car that's over priced ... I trust Arthur Daley car sales more than him :)
Reason being you have a top mechanic Ed China working redonkuless amounts of hours on a car yet there is no charge for his labour content.. Even if you only charging his labour out as a decent mechanics wages rather than a garages hourly rate it would come out as a loss.. One episode springs to mind Ed claims it took 6 weeks graft repairing reassembling and fitting the new parts to a American car that mike had purchased cheap All in costs of the car, parts importing and total paint job came in at just over £14k ... OK car looked sounded great after all this and Mike sold it for £16k so he claims to have made @ £2k profit ...
hum OK so is ED claiming unemployment benefits and working for free I think not..
I feel a quality Mechanic would be on way over £8.33 per hour and if he did in fact work 6 weeks on this motor as he said that's the hourly rate it works out for a 40 hour week. That isn't even accounting for the assistant that helped him fit all the chrome work and the interior.. That car like many of the ones Mike selects wouldn't be classed as a hobby car by anyone to repair evenings and weekends because the time it would have taken doing it that way the car would decompose faster than you would have chance to glue the bits back on..
As I said the shows entertaining but really not practical in that respect like top gear just watch for fun .. TIP Don't shake mikes hand though you will either have sold your car to him under-priced or his sold you a car that's over priced ... I trust Arthur Daley car sales more than him :)