Discussion
Petrus1983 said:
thegreenhell said:
Explained in the latest video. Apparently it's only a guideline rather than a legal requirement, and on higher value vehicles the Cat marker can have a significant effect on the car's resale value, and thus how much money the insurance company can recover.
I understand that - but MIAFTR is there to ensure people know the history of their vehicles and shouldn't be a reflection of insurance company profits. At the end of the day this would likely be a Cat S and that should be reflected in its documentation. I appreciate Mat is doing this publicly but it must be happening loads behind closed doors too. If a car has been paid out, the insurance companies don't want to pay out again, so the stick a category on it, and will only insure it to the value they reckon it's worth. It's only through good fortune that the category is on the V5 and we can see it, and we know that it is worth less than full market value.
My £6k FFRR was written off and I bought it back (Cat N). I spent less than £100 putting it back on the road, and £40 was for the MOT. Insurers have told me they will only pay out £800 max if it's written off again, as that is what I paid them for the salvage. It's a 15 year old vehicle with scratches.
pingu393 said:
It's not there to protect us - it's to protect the insurance companies.
If a car has been paid out, the insurance companies don't want to pay out again, so the stick a category on it, and will only insure it to the value they reckon it's worth. It's only through good fortune that the category is on the V5 and we can see it, and we know that it is worth less than full market value.
My £6k FFRR was written off and I bought it back (Cat N). I spent less than £100 putting it back on the road, and £40 was for the MOT. Insurers have told me they will only pay out £800 max if it's written off again, as that is what I paid them for the salvage. It's a 15 year old vehicle with scratches.
FWIW Admiral deduct 20% of the top book valuation for any previous total loss - not sure if that would put you in a more advantageous position.If a car has been paid out, the insurance companies don't want to pay out again, so the stick a category on it, and will only insure it to the value they reckon it's worth. It's only through good fortune that the category is on the V5 and we can see it, and we know that it is worth less than full market value.
My £6k FFRR was written off and I bought it back (Cat N). I spent less than £100 putting it back on the road, and £40 was for the MOT. Insurers have told me they will only pay out £800 max if it's written off again, as that is what I paid them for the salvage. It's a 15 year old vehicle with scratches.
so for MA's videos to get into the several millions of views, it must surely have international reach. I can't see UK viewers alone allowing to hit those numbers/ Does any one know where he gets a lot of his views? the US would be the obvious candidate, but I can't see US viewers liking a Limey.
As for the Mansouri parts, it's nothing a 3d printer wouldn't sort is it?
As for the Mansouri parts, it's nothing a 3d printer wouldn't sort is it?
Muzzer79 said:
robemcdonald said:
was8v said:
Plot twist: Rashford loves that 1 of 1 car and buys the completed car back off Armstrong for £500k.
I must admit this thought did occur to me too. He doesn’t care if the car has been crash repaired. He’s only going to crash it again anyway.Why on earth would he buy back a car that he was in an accident with? He'll just buy a new one if he wants to.
robemcdonald said:
the explanation of the accident sounded dodgy to me.
Sounded perfectly plausible to me. Regarding the accident. I suppose it depends on what car the other participant was driving. The video suggested it was some sort of super mini. I would have thought a one tonne fiesta would just bounce off a two and half tonne roller. That said speculation is pointless.
robemcdonald said:
Muzzer79 said:
robemcdonald said:
was8v said:
Plot twist: Rashford loves that 1 of 1 car and buys the completed car back off Armstrong for £500k.
I must admit this thought did occur to me too. He doesn’t care if the car has been crash repaired. He’s only going to crash it again anyway.Why on earth would he buy back a car that he was in an accident with? He'll just buy a new one if he wants to.
robemcdonald said:
the explanation of the accident sounded dodgy to me.
Sounded perfectly plausible to me. Regarding the accident. I suppose it depends on what car the other participant was driving. The video suggested it was some sort of super mini. I would have thought a one tonne fiesta would just bounce off a two and half tonne roller. That said speculation is pointless.
worsy said:
Pistom said:
skwdenyer said:
I suspect he financed the business with equity from his properties, so the £800k is owed back to him?
Can you help me understand that?The last time I saw Matt talking about his properties - they were all highly financed and I can't imagine he's built up much equity in them in the short time he's had them.
205k Trade Creditor
211k Corp Tax
375k Other creditors
But obviously I don’t know!Dynion Araf Uchaf said:
so for MA's videos to get into the several millions of views, it must surely have international reach. I can't see UK viewers alone allowing to hit those numbers/ Does any one know where he gets a lot of his views? the US would be the obvious candidate, but I can't see US viewers liking a Limey.
Well in the last year he's repaired a GT3 owned and crashed by Adam LZ (3.75M subscribers) closely collaborated with Tavarish (2.8M subscribers) filmed videos in Vegas and Florida (guessing 20+) and he's now repairing a car owned and crashed by a Man Utd player (still one of the biggest clubs in the world with a big following in Asia). Plus he's found a way to make content that pleases the algorithm with wider than just 'British' appeal.Some of it is luck but underpinned with hard work and taking risks.
WilsonWilson said:
....
Some of it is luck but underpinned with hard work and taking risks.
Agree with that. Mat isn't the normal 'youtuber' I would watch. But he keeps his videos fast-fasted, and with regular updates, so you don't forget what happened in the last episode. So I can remember what is happening when I see the next video of the RS6, or F430, or the M3 or the Wraith etc etcSome of it is luck but underpinned with hard work and taking risks.
robemcdonald said:
Muzzer79 said:
robemcdonald said:
was8v said:
Plot twist: Rashford loves that 1 of 1 car and buys the completed car back off Armstrong for £500k.
I must admit this thought did occur to me too. He doesn’t care if the car has been crash repaired. He’s only going to crash it again anyway.Why on earth would he buy back a car that he was in an accident with? He'll just buy a new one if he wants to.
robemcdonald said:
the explanation of the accident sounded dodgy to me.
Sounded perfectly plausible to me. I think the only way he'd get involved is if there was a charity angle or something. But just buying back the car? Can't see the point or value in doing that.
Muzzer79 said:
And what makes you think Rashford wants to spend half a million on media exposure?
I think the only way he'd get involved is if there was a charity angle or something. But just buying back the car? Can't see the point or value in doing that.
I agree. I've no idea how much enthusiasm or love the guy had for the car but it is a 1 of 1 so maybe, just maybe, he could be tempted with it as he didn't get much use out of it before the smash. I think the only way he'd get involved is if there was a charity angle or something. But just buying back the car? Can't see the point or value in doing that.
One thing is for sure, if he sees a chance to virtue signal with it, he will jump at it but nothing short of Matt putting the money to some child's charity or something similar will do that.
I want to know what happened to the umbrellas!
Pistom said:
Muzzer79 said:
And what makes you think Rashford wants to spend half a million on media exposure?
I think the only way he'd get involved is if there was a charity angle or something. But just buying back the car? Can't see the point or value in doing that.
I agree. I've no idea how much enthusiasm or love the guy had for the car but it is a 1 of 1 so maybe, just maybe, he could be tempted with it as he didn't get much use out of it before the smash. I think the only way he'd get involved is if there was a charity angle or something. But just buying back the car? Can't see the point or value in doing that.
One thing is for sure, if he sees a chance to virtue signal with it, he will jump at it but nothing short of Matt putting the money to some child's charity or something similar will do that.
I want to know what happened to the umbrellas!
Maybe there is a charity angle behind the scenes? Rashford wasn't under any obligation to turn over all the bits and bobs associated with the car, for instance.
The crash story didnt really add up, I think Doris was ambling along nicely and changed lanes just when Toad of Toad Hall was steaming through at warp factor 9, maybe she was a bit dopey but I suspect he was absolutely flying judging by the damage done.
No idea how the finances work on this really, I just watch it and enjoy it, its a bit like being that kid at a magic show that goes "Its up his sleeve", its interesting to hear at the end but need to just watch it, otherwise you sound like someone who watches Wheeler Dealers and moans that "they didnt factor in labour"
Were you entertained, did you enjoy it ?
I have ponied up for YT Premium, I dont watch much broadcast TV now, its the best thing that the internet has brought us.
No idea how the finances work on this really, I just watch it and enjoy it, its a bit like being that kid at a magic show that goes "Its up his sleeve", its interesting to hear at the end but need to just watch it, otherwise you sound like someone who watches Wheeler Dealers and moans that "they didnt factor in labour"
Were you entertained, did you enjoy it ?
I have ponied up for YT Premium, I dont watch much broadcast TV now, its the best thing that the internet has brought us.
skwdenyer said:
If Rashford had wanted to keep the car, he could easily have bought back the salvage and paid for somebody to repair it. But given it is reported he got a full payout from the other driver's insurance, he could just as easily go and commission another 1 of 1 from Mansory.
Maybe there is a charity angle behind the scenes? Rashford wasn't under any obligation to turn over all the bits and bobs associated with the car, for instance.
Hey - just remember - someone has got the umbrellas!!!Maybe there is a charity angle behind the scenes? Rashford wasn't under any obligation to turn over all the bits and bobs associated with the car, for instance.
I imagine that it will have been one of Mr Toad's hangers on who will have organised giving the bits and pieces back. The story has been getting some press recently so all adds to the nice guy image they portray of the guy.
I think you might be right though.
My YT premium is worth Matt's channel alone but that's how Amazon got me hooked with TGT.
J4CKO said:
The crash story didnt really add up, I think Doris was ambling along nicely and changed lanes just when Toad of Toad Hall was steaming through at warp factor 9, maybe she was a bit dopey but I suspect he was absolutely flying judging by the damage done.
I was just wondering what kind of vehicle can effectively 'PIT maneuver' 3 tonnes of RR. It looks like it went sideways over that island by the way it's ripped apart the sub frames. But who knows. I also suspect it'll have been insured via a brokerage and deposit scheme rather than a more mainstream policy, and I've no idea if they adhere to the same norms terms of what gets categorised or not.
I'm not so into the Mansory rebuild. I find everything about it distasteful and the numbers are obscene. I also cannot see the market for a crash repaired bespoke car like this. I guess the raffle revenue will be enough! But it will remain uninsurable for anyone who would want it and whose who can afford to run it won't want it.
I reckon we'll be seeing this on eBay for years to come in increasingly desperate states of disrepair.
WeirdNeville said:
J4CKO said:
The crash story didnt really add up, I think Doris was ambling along nicely and changed lanes just when Toad of Toad Hall was steaming through at warp factor 9, maybe she was a bit dopey but I suspect he was absolutely flying judging by the damage done.
I was just wondering what kind of vehicle can effectively 'PIT maneuver' 3 tonnes of RR. It looks like it went sideways over that island by the way it's ripped apart the sub frames. But who knows. I also suspect it'll have been insured via a brokerage and deposit scheme rather than a more mainstream policy, and I've no idea if they adhere to the same norms terms of what gets categorised or not.
I'm not so into the Mansory rebuild. I find everything about it distasteful and the numbers are obscene. I also cannot see the market for a crash repaired bespoke car like this. I guess the raffle revenue will be enough! But it will remain uninsurable for anyone who would want it and whose who can afford to run it won't want it.
I reckon we'll be seeing this on eBay for years to come in increasingly desperate states of disrepair.
One thing I forgot to mention that has struck me was how the undepinnings of that 700k Rolls Royce look like any other mass market car, not sure what I expected and am well aware that BMW owns RR and uses parts from the seven series etc, but it looks so mundane and familiar under there.
J4CKO said:
The crash story didnt really add up, I think Doris was ambling along nicely and changed lanes just when Toad of Toad Hall was steaming through at warp factor 9, maybe she was a bit dopey but I suspect he was absolutely flying judging by the damage done.
This would seem the most likely cause… there’s no way someone changing lanes in to Rashford is going to cause that sort of damage if he was doing anything like 30mphAs for Matt… his stuff popped up on my YT feed but I’d never watched one before the Wraith. I’ve now watched the M4 and Aston repairs… he’s entertaining!
J4CKO said:
WeirdNeville said:
J4CKO said:
The crash story didnt really add up, I think Doris was ambling along nicely and changed lanes just when Toad of Toad Hall was steaming through at warp factor 9, maybe she was a bit dopey but I suspect he was absolutely flying judging by the damage done.
I was just wondering what kind of vehicle can effectively 'PIT maneuver' 3 tonnes of RR. It looks like it went sideways over that island by the way it's ripped apart the sub frames. But who knows. I also suspect it'll have been insured via a brokerage and deposit scheme rather than a more mainstream policy, and I've no idea if they adhere to the same norms terms of what gets categorised or not.
I'm not so into the Mansory rebuild. I find everything about it distasteful and the numbers are obscene. I also cannot see the market for a crash repaired bespoke car like this. I guess the raffle revenue will be enough! But it will remain uninsurable for anyone who would want it and whose who can afford to run it won't want it.
I reckon we'll be seeing this on eBay for years to come in increasingly desperate states of disrepair.
One thing I forgot to mention that has struck me was how the undepinnings of that 700k Rolls Royce look like any other mass market car, not sure what I expected and am well aware that BMW owns RR and uses parts from the seven series etc, but it looks so mundane and familiar under there.
Pistom said:
skwdenyer said:
If Rashford had wanted to keep the car, he could easily have bought back the salvage and paid for somebody to repair it. But given it is reported he got a full payout from the other driver's insurance, he could just as easily go and commission another 1 of 1 from Mansory.
Maybe there is a charity angle behind the scenes? Rashford wasn't under any obligation to turn over all the bits and bobs associated with the car, for instance.
Hey - just remember - someone has got the umbrellas!!!Maybe there is a charity angle behind the scenes? Rashford wasn't under any obligation to turn over all the bits and bobs associated with the car, for instance.
I imagine that it will have been one of Mr Toad's hangers on who will have organised giving the bits and pieces back. The story has been getting some press recently so all adds to the nice guy image they portray of the guy.
I think you might be right though.
My YT premium is worth Matt's channel alone but that's how Amazon got me hooked with TGT.
Chris Stott said:
J4CKO said:
The crash story didnt really add up, I think Doris was ambling along nicely and changed lanes just when Toad of Toad Hall was steaming through at warp factor 9, maybe she was a bit dopey but I suspect he was absolutely flying judging by the damage done.
This would seem the most likely cause… there’s no way someone changing lanes in to Rashford is going to cause that sort of damage if he was doing anything like 30mphIf there was doubt about fault in respect of the accident, I doubt that the other driver’s insurance company would have paid out 700 grand…….
Gassing Station | TV, Film, Video Streaming & Radio | Top of Page | What's New | My Stuff