My Risky Gamble: Buying a Smoky Kia at a Dealer Auction

🎲I took a risk and bought a 2021 Kia SOS with a smoking engine at a dealer auction.

💰If the engine is still under warranty, I could make a significant profit by fixing it and selling the car.

🔍I researched Kia's extended warranties and the issues their engines have had before making this gamble.

💸I have $177,000 of disposable income to cover any expenses if the engine needs to be replaced.

❗️I caution others to think twice before making similar risks and to consider their available capital and financial situation.

Why did you buy a car with a smoking engine?

—I took a gamble because I believe the car is still under warranty and Kia has been replacing engines with similar issues.

What will you do if the engine is not covered by warranty?

—If the engine is not covered, I will have to pay for a new engine, which could cost me a significant amount of money.

Do you always take such risks at dealer auctions?

—No, I usually stick to safer options like Chevy Silverados and Ford F-150s. This was a rare gamble for me.

What is the potential profit if everything works out?

—If the engine is covered by warranty, I could potentially make a profit of $8,000 to $9,000 after fixing and selling the car.

Do you recommend others to take similar risks?

—I caution others to think carefully before taking similar risks and to consider their available capital and financial situation.

00:00In this video, I take a risky gamble by buying a 2021 Kia SOS with a smoking engine at a dealer auction.

02:31I believe the engine issue might be covered by Kia's extended warranty, which would save me a significant amount of money.

04:47I explain the financial risks involved in this purchase and how I have the capital to cover any expenses.

08:19I share my thoughts on buying an Audi RS6 and other cars at the auction.

09:59I call the dealership to find out if the Kia is still under warranty and learn that it needs to be registered before any repairs can be done.