How much we lost on the Rune

How much we lost on the Rune

October 10, 2019 100 By Luis Garrison


the Zink apparently inside the chrome
started the bubble and peel out and caused almost all the chrome on the
entire bike to be damaged it was gonna be $18,000 so this story starts where a
guys were at the shop and around the same time I get a call from Caleb and
also get a message on my facebook saying that there is a 2004 Honda rune with 200
miles on it for sale only about an hour and a half away in Maryland so it was
listed for sale for $11,000 which was insane because I don’t know two weeks
three weeks prior we had just sold a 2004 Honda rune black with 5000 miles
for 18 or 19 thousand dollars so with this bike with that low miles it’s
probably worth it you know if it’s in good condition it’s probably worth
around we were figuring out 2025 to $27,000
so at 11 grand it was a it was a killer insane deal so we called that it was I
was a Honda dealership week I first heard that was a scam we called the
Honda dealership a guy’s super cool he tells us what happened he tells us that
a guy was a collecting motorcycles had a couple weird stuff he collected them
never really wrote him but liked the idea of collecting him so this guy
collecting motorcycles had him in a storage unit and the roof of the storage
it started to leak and just kind of accumulate on a puddle and over years
and years and years ago the bike just sitting there
there’s ink apparently inside the chrome started to Bob wouldn’t peel out and
caused almost all the chrome on the entire bike to be damaged so get this
basically perfect Honda rune in amazing shape but every chrome piece is damaged
now luckily the the rims were not chrome you could get chrome with chrome wheels
these were not that’s one last thing you have to fix but it was still a pretty
big deal so this collector contacted the Honda guy and he wanted to buy a
brand-new 2018 Honda Goldwing and he wanted to trade in a couple bikes we
later found out how much the hunted dealers have paid for
this room they gave him $1,500 for this room where they in turn spent a couple
hundred dollars getting a running changing the fluids just kind of
cleaning up the best they could where they sold it to us for ten thousand five
hundred they made a hefty profit we were pumped to get a rune at that price
everyone was happy he saw the club he’s he traded in a couple other bikes with
that deal at the Honda Honda dealership you know may not pretty well so we
decided we would this would be a great video we get the cameras and we get the
bling at the van and we load everyone up we go there to make the video and we had
a great time we didn’t make a good video about it about buying this bike the guy
we met was really cool the guy he was selling the bike to us and it was just
an all-around good time we’re bringing the bike back and we didn’t know exactly
what we wanted to do with it we had we had three different options
one sell the bike as is make a make a quick flip make some money to we could
bring it back to original or three we could modify it instead of chroming
everything we could powder coat it now the Honda dealership when they were
working on this thing they also considered the same options and the one
option that they first looked into was what it would cost to replace all the
chrome pieces with OEM Honda chrome if that was even a possibility so he didn’t
even he called Honda or he priced everything up and asked to see if what
that would cost when he found out the price he didn’t even bother and see if
it was available because there’s not that many parts you know from hunt
available for the room cuz they only made about 3,000 of them in about
18-month period it was gonna be $18,000 to replace all the chrome on that bike
so we go up there we buy it we find out how much you paid for it we’re pumped
for the guy we bring it back we decide within a couple I don’t know maybe a
couple couple days that let’s just throw it on eBay let’s see what’ll happen
we’re in a throne upon ebay so we started the reserve at 10-5 which is
what we had into it and we made it very clear that if we if it does ten six you
know then it does ten six and that that’s all we get and at that point I’d
be happy got my money back I made couple bucks make good video
everyone’s happy so we put up on eBay the same
time we launched the eBay listing we also launched the video and we had a lot
we had a lot of about 50,000 people in the first I don’t know four days watch
the video so all these people are leaving the video and they’re jumping on
eBay to see where the bids at and if they were interested in it they may have
they may have been on it within the first hour it’s already been up to like
ten seven and we’re watching this Washington’s go up and up and hop and
hop and we’re getting super pumped so about midweek we had bids around
$13,000 we had we had when we thought were legitimate bids around like eleven
and eleven eleven two in eleven three and then someone bid it up to thirteen
thousand dollars so we were thinking why would you possibly bid it from eleven
and take it the whole way up to thirteen and then that person had zero eBay score
that person who was bidding against that person also had zero eBay score also
looked like he was from Russia it looked really shady we didn’t know why this was
happening and so that eliminated all the all the buyers at like eleven eleven
five because normally you’re willing to pay another hundred bucks
and that hundred bucks in it being another thousand box a little more would
you pay cuz like 11500 eleven six ah I’m not gonna lose for a hundred bucks and
you keep on going up but when someone takes you from eleven to thirteen a lot
of people is kind of just kind of bail out so then we actually we have contacts
at eBay we call up eBay and said hey can you guys drop these bids because these
bids they’re not responsive to us they’re not getting back to us we tried
contacting them they seemed completely bogus and they were taking out actual
actual bidders they’re they’re they’re discouraging actual bidders and eBay was
like there’s nothing we can do about it we can’t take them out so you know we’re
just going to keep an eye on what’s going on maybe the real maybe they’re
not but they’re not coming they’re not contacting us back and they have zero
eBay EBI score so then we’re watching this thing and at the last minute I
think at the last second the thing jumps up jumps up jumps up BAM the bike sales
at fifteen three the hype is at fourteen six we have 17 seconds left we have
fourteen bidders you prime nine eight six five Oh fifteen one
three-two-one that’s a that happens that just happened and 15-3 the the person
who bought it had a pretty decent ebay score at this point we’re pumped 15:3 we
bought it for ten five we’re making close to five grand on this Dale within
a week we’re we’re super excited so we call the guy who bought it the guys
pumped he’s like yeah this thing’s awesome I did I bought and I’m glad he’s
like can you ship it to me like we could ship it to you for five hundred bucks
he’s like yeah let’s do it he’s a kind of he’s like Jim gonna send
you a check or out of the money and everything’s going really really easy
well actually at first we first contacted the person the wrong guy
answered the phone and he’s like you didn’t know that that someone bought the
bike at that point where like oh man did your kid buy the bike and eat it you
didn’t the dad didn’t know we gotta hold the guy everything’s good we’re super
pumped about to get the money and I say to him at the end I’m like just so just
just out of curiosity you watched the video right because we had a walker on
video showing all the flaws with the chrome test-drive video showing all the
falls with the chrome and then of course the the YouTube video showing the whole
story about it and he’s like he’s like no I didn’t actually watch the video and
he couldn’t get a chance to but with 200 miles on I know that bikes perfect and
at that point my heart sunk and I was like I was like hey just so you know I
mean I I kind of feel bad but you’re you thought you were getting a perfect rune
you know that’s almost a thirty thousand dollar bike for fifteen thousand that
wasn’t suspicious to you at all he bought the bike he put the deposit down
like it it’s his bike but I’m like I don’t want to sell anyone a bike they
didn’t want so I tell him listen I explained in the situation I’m like
clearly I’m sure you want to get out of this deal you thought it was this it’s
not that just say the word and I’ll you know I mean we will we’ll have to put it
on eBay yet so that was not a huge deal because we had another bid that was $100
underneath that that also looked like a real bitter so we get his phone number
from eBay we call him up the exact same thing
never watch the video he never read the description he just saw the pictures and
he was willing to buy it too we told him what happened and he was completely out
so at this point we just scratched the whole thing we’re gonna put it back on
eBay with a zero reserve where to put it at zero dollars or one dollar whatever
you do and see what a creeps up at and whatever it sells for it sells a week
later the highest bid is eleven three not as high as we were hoping it was
gonna be but eleven three I think was eleven three twelve so at that point we
made eight hundred and twelve dollars the guy contacts us he’s super cool he
sends a check the bike just capital in the truck and drove away where’s it
going Ohio Chicago or something that’s going to a but big motorsports place and
I think he’s gonna fix it so but how much money to be actually make on the
bike considering all the things that happened to it selling it on eBay we
made eight hundred and twelve dollars the original room video that we made
buying the room and a hundred sixty thousand views and we made six hundred
eighty nine dollars off of that video we made another video with the rune called
the honda rune and everything about it that had about eight thousand views that
vide that video made two hundred twenty dollars we had a walk around video in a
test-drive video both of those videos combined made about thirty seven dollars
so in total we made about seventeen hundred fifty dollars minus the cost of
us going to the shop – time no materials we didn’t put gas in it so yeah prior on
seventeen hundred bucks which is not not bad it was it was a super super
incredibly rare bike the first time we had when we had people come from seven
hours away just to look at it just to see the bike very unique bike very
limited production it’s got a really unique story about it we’ll put the link
in the description that’s probably one of the most unique bikes we’ve ever sold
alright guys thanks for watching don’t forget to subscribe we’ll see you guys
later what you just saw was real it was made
like four or four months ago three months ago and the reason we didn’t
actually release that video is because we kind of were suspicious know that the
the rune saga was not quite over and we were right so what
you guys that were the last you guys saw the room was leaving the room was was
bought by a company a dealership in Chicago and they were excited to bat and
we thought we had you know made a couple bucks on it
well let me feel you know what happens next
so shippers come up about two weeks after they buy it shippers come up and
they pick up the bag and goes on a rollback it’s not not the best place not
the best way to ship a bike but it worked the shippers couldn’t figure out
how to actually just drop the bike down so I come up there I see him with
walking around big chains and I’m like what are you guys doing so I give them a
set of tank straps and I shall not a strap it down we get it down and it it
works perfectly and it goes on its way the other company gets it a couple weeks
later and they’re at they’re happy with the bike when we bought the bike we
bought it with the assumption that the Honda dealership would get us the title
and that this is fairly normal we knew you buy a bike from a dealership alright
we when they just got the bike the title and didn’t come in yet the title always
comes in it’s no big deal so I told the dealership they’ll be sold
to the same thing I’m like total boob will be in a couple weeks it’s no big
deal they they understood it wasn’t it was you know it was fun well a couple
weeks go by and we’re not seeing the title and the dealership that bought it
it’s like hey what’s the deal and I’m like let me go let me go back let me try
to find out I’m trying to figure this thing out so what we find out is this
the original seller who was the original owner of their room could not find the
title that’s not a big deal he bought the be bought the bike in Pennsylvania
and now he’s a Maryland resident the bike has been sitting in a Maryland
storage unit for most of its life so you can’t find the title no big deal
he needs to go back to Pennsylvania PennDOT and just request for a duplicate
title so I’m like okay this is fine this is gonna work out he goes to PennDOT to
request a new title and PennDOT says there’s never been an original title we
can’t give you a duplicate title cuz we have no records of this ever being in
our system and at this point things are getting a little
the Honda dealership telling me this I’m trying to figure what to do I’m trying
to tell me telling this to the company that we then we sold it to and trying to
keep the solid so it’s about maybe six weeks into it the issue that we’re
coming into with this is that if PennDOT is seeing that they’ve never actually
seen the title there’s no records of the title then that would say that there’s
no there’s never been any taxes paid for it so someone’s gonna owe back taxes for
a sixteen seventeen thousand dollar bike which that’s gonna be a problem because
who’s gonna pay for that the Honda dealership that I bought the bike from
says the problem is with the Honda dealership who originally sold him the
bike a crazy coincidence that that is the local Honda dealership at the
Lancaster hunt of like two minutes down the road I could probably throw up
someone could pride throw a baseball and hit up and I’m friends with those guys
they’re great guys so what the guy who float what the dealership that sold to
me is saying is that when it was originally sold the customer came bought
it with cash paid the taxes but the the title was never actually issued and sent
to PennDOT because back then they did everything with paper now everything is
electronic so what they’re saying is that the paper that said they had to
check with the taxes and the registration on stuff never actually got
depend on it got lost this sounds kind of fishy because this was a lexer hunt
it’s not a very large dealership so they would notice very quickly that it’s in
their books they had paid two three thousand dollars in taxes and almost
registration fees and they still had the money so I go down there I asked him to
look up their books this is we’re talking
oh four we’re talking like sixteen years ago this is a long time ago so they
actually don’t Darrow they’re all required to keep records I looked up to
ten years they did have some records for it and they can see that that that
paying this so this has been paid and everything that they did was right so I
go back to the Honda dealership and I bought it from and I say hey these
people are saying they’re doing it right he say no they didn’t do it right and
then a couple weeks go by the dealership the isolus who is saying what’s the deal
with the title I don’t really have any good in
so we’re getting advice from the dealership I bought it from saying that
if the original selling dealership Lancaster Honda can come up with the
original date of the MSO the manufacturers certificate of origin that
they can use that to get a title so there’s some they’re going back hunting
dealership but hunted dealership they’re not get anywhere I just roll up there
and I say hey can it can we get this thing done now keep in mind neither a
Honda dealership did anything wrong it’s just goofy circumstances they’re both
great dealerships to work with so I go to linkster Honda and I say hey let’s
can be key we can we clear this out and so he jumps online he tries to he tried
to track that down Honda tells him that he can’t get it
only the new owner can get it so I call Honda and I say I’m the owner and I need
to get this thing and they’re like yeah sure we’re sending out to you right now
and I’m thinking this is it this is the piece this is the piece of puzzle that
we need if I give this back to the Honda dealership that I bought it from they’re
gonna get the title no problem so first we were told that the guy who bought it
paid straight cash for it Lancaster Honda tells me that he
financed it so right there it’s like hold on if he financed it the bank would
have a copy of the title the bank would that make might even have the title so
we contact the bank Bank has no records of it all he’s saying there’s so many a
lot of people drop the ball on this mainly PennDOT when the dealership that
I sold it to contacts me I have nothing good to say I’m last thing I want to
tell him is all this stuff and him be like wow what is going on with this they
get fed up enough that they send me text message like hey what’s going on with
this and at this point so I paid for the bike of course they paid this if I just
my solar – they paid me for the bike right now they’ve got a bike but they
paid for with no title that they can’t sell I’m feeling bad I’d give them their
money back I say listen this has been two months the risk has been on you
because you bought it and I capped your money here’s your money back now the
risk is all on me now I’m with no bike no title and I’m less like 1,300 bucks
so all the risk is on me the dealership that I bought it from was
not willing to give me a refund of of the money and so so I’ll keep in mind
it’s not unusual for dealerships to buy bikes from other dealerships and then
send them title later you by the way out of title because you know the bank might
have the title and then they got to pay it off so they pay it off in the city
the title takes a couple weeks but it never it’s always something’s going on
it’s never pen down saying this bike doesn’t exist this title does not exist
that’s where things get really strange so they’re saying that with this MSO
with the date and paperwork of Honda sending an MSO to links to Honda that we
can we can get a title with that I send it over to him nothing that’s not gonna
help us out so it seems like it was a coincidence
where anytime I’m working with the Honda dealer that I bought it from the
dealership that I sold it to up in Chicago just somehow knew it they’d be
contacting me the same day we could go by then I’m working with them and
they’re they they’re contacting me hey where’s the title they give me an
ultimatum the delist if I sold it to they said pay pay a straighter box to
the cost of shipping shift the bike back keep the bike or give us a thousand
dollars for us to continue selling the bike now their reasoning was because the
bike depreciate it which is just not true
but I do understand at their point of that they’ve had the bike for you know
three or four months and they’ve not been able to sell it even though I did
give them their money back I decided to tell him I’m like listen I’m gonna buy
the bike back I feel like I’ve ruined all of my credibility but this
dealership the only thing I can do with hey I’m gonna pay him back for their
shipping so the worst that happened to them was May were out about $11,000 for
maybe two months which sucks that definitely sucks so I feel like I made
it right I’m getting the bike ship back Honda finally tells me that they’re able
to get the title and it’s about the same time that I tell them that I found
someone who could get us a title but it’s gonna cost 2,200 bucks in the same
day they’re like oh no we found someone who gets the title will get you the
title I’m getting the room back and I’m getting hopefully getting the title so
as of right now we spent to give you the breakdown ten five to
buy the bike three hundred for us to go get it
three hundred for us to pay for when we shipped it from we got shipped Chicago
five hundred to ship it back if we’re gonna ship it back quick be an 11-6 into
this bike – we made some money off the videos we have four different videos
with this bike which made 1888 dollars and ten cents that brings us down to a
still a negative but we still own the bike so we own the bike at $9,700 he 97
$11.90 still one of the cheapest rooms on the planet that we could buy and
interestingly enough this motorcycle was transported within the what 16 years
it’s been around in the past three months it’s been transported more miles
than our own the odometer it’s probably transported like 2,000 miles we know
down there says like 200 something so we’re gonna get the bike back start the
process all over again and hopefully we can make some money on this I’m pretty
confident we can make some money on this it is a cool bike if anything I like
having it I like having it hang around let me know if you guys want it and
we’ll keep you guys filled in on what the latest scoop is with the super rare
Hollander room see you guys later don’t forget to subscribe