Vince Beretta had a
dream and idea that took him to the brink of poverty and literal
homelessness. WALKAWAY is a program that allows car buyers to
return a financed car to their dealer and have any negative equity
taken care of. Hyundai bought and marketed the program and marketed
it as HYUNDAI ASSURANCE. Hyundai grew 9% in a 22% down market.
unheard of before or since!!! After this short promo you will be
dying to see the full length show! WALKAWAY has been a blazing
success with $900 million (CDN$) in premiums written and protected
over $125 billion in car loans and leases! Select audio episodes
available at www.jeffsterns.com Show notes: 2:24
Vince is
an entrepreneur who started his business out of a rented apartment
in Toronto 22 years ago, and grew his business achieving $900
million in sales. 3:46
Genesis of
WALKAWAY 7:24
Jeff
explains Gap Insurance 10:33
The guy
that had the idea 11:16
Who is
responsible for Vince's first child? Jeff, we might as well take
responsibility for my for my first child. Here we go. Ladies and
gentlemen, Jeff Sterns I, I bought Vince and his gorgeous, tall
Finn wife Miranda. So we know he's a good salesman, because he sold
events. And we know he's a good salesman, because he who he married
not that he's not a handsome bastard and well dressed passer. But
he did have dinner and drinks with me. And I don't know if we know
factually. But I think in the range, we created a child that night
or close. Is that right? Yeah, in Las Vegas, and her name is
Nevada. And you know, Jeff, I just thought about, you know, that
night I thought about my wife wearing your leather pants.
12:01
The Jason
Harris Show 12:54
The
HYUNDAI ASSURANCE story 18:22
Hyundai
beat the market by 30%. 18:27
"What
idiot os underwriting that??" 25:40
Scramble
time 27:58
The most
cost effective automotive incentive in history 31:15
Almost
went broke, lost his car, evicted from his apartment.
34:11
Vince's
business lessons 42:25
protected
$125 billion in car loans in the world. Canada, Australia, UK,
Puerto Rico...