RE: Abandoned Enzo part of Dubai supercar sale

[jamespink]

Mr-B said:

Wonder if you can watch/join the auction online? If not I think they may be missing a trick to getting the very highest bids possible.

That makes even getting a Gatso fine seem reasonable (I never thought I would say that)!

[FisiP1]

Captain Muppet said:

I've lived in all three places for long enough to have run out of new things to do.

Indiana was two months, which is a personal record. I even took a tour of churches in Columbus, and a guided tour of the track at Indianapolis (yep, a tour of an oval). I found it very telling that in Stephen Fry's travels around America the only interesting thing he could find to do in Indiana was ride in a fire truck.

I lived in neighboring Ohio for a few years, will second this, people there are so bored and they don't even realize it.


As for the car, surprising the owner didn't just drive it out of the country somehow or container it out.

[Guyr]

Timely article here:

http://www.cnbc.com/id/47154236

UK and Irish businessmen serving 20-49 year sentences for bouncing cheques go on hunger strikes.....

As has been said before must of the Middle East appears modern from the surface, with shiny hotels, shopping centres and western shops, but the legal frameworks of many countries is fragile and archaic.......

[sim16v]

Imagine getting out of Dodge just before the police came looking for you, your Enzo or other exotic abandoned in the airport.

Couple of years later and you are back on your feet in the UK, working, things going ok.


You decide to have a holiday to OZ or Hong Kong, so book up.

You don't realise the flight makes a stop over in Dubai...............

[cjb1]

sim16v said:

Imagine getting out of Dodge just before the police came looking for you, your Enzo or other exotic abandoned in the airport.

Couple of years later and you are back on your feet in the UK, working, things going ok.


You decide to have a holiday to OZ or Hong Kong, so book up.

You don't realise the flight makes a stop over in Dubai...............

[Hitch78]

You'd deserve to be stung on the stopover for being retarded surely?

ETA: the comment “Before the crisis, the check issue wasn’t highlighted to foreigners. It’s only since the crisis that this has really come to light publicly,” from the CNBC thing is nonsense.

I started looking at coming out here in mid-2008 before the wheels fell off and it was amongst the first things I read. I feel sorry for the more genuine people caught up in it, but a big number are paying a price of unchecked greed and stupidity. Big big price mind.

Edited by Hitch78 on Tuesday 24th April 16:00

Edited by Hitch78 on Wednesday 25th April 06:27

[zebedee]

Mike Biddle said:

Have not got time right now to read all the posts but since I live in Dubai, I can guess what has probably happened here.

i very much doubt it has anything to do with speeding fines, the most likey scenario is that the guy had bought the car on finance and susequently lost his job or his business, making him unable to mantain the payments.

When taking out any loan in Dubai you will have to sign a "security cheque" for the entire amount of the loan which the bank then holds in case you default.

If you default, they will present the cheque for payment, and after it has bounced 3 times they can go to the police and register a criminal complaint against you for writing a dud cheque.

The police will then enter your name passport details etc into the immigration system and you will not be allowed to leave the country. If caught you will be tried and go to jail for the offence, period depending on the amount you ripped the bank off for, and additionally not released untill you pay the money.

So, what many expats do in this situation is get the hell out of dodge before the bank has the opportunity to go to the police, often leaving the car unlocked in the airport car park.

couldn;t they sell the car first to at least reduce the debt, or can't you do that if the car is on finance (wouldn't know I always pay cash for cars and I think if more people had treated debt seriously (Messrs Blair and Brown included) then we would be in a far better place than we are now).

[shirt]

selling the car to recover the debt is a sensible idea. i gather from that you haven't done business in the middle east

[Podger]

I worked in the UAE, Saudia, the Oman, et al.

It is an archaic system financially and politically & as my late parents used to say ' you can't buy good taste!'

[Gibbo1307]

I was in Dubai when all of this started in 2010. The airport car park was full of cars like this, several bugattis, ferraris etc. Its not a case of a a few fines, their business' were going under very quickly and the debts they owed to other companies are the reason they all fled the country.

[zebedee]

Gibbo1307 said:

I was in Dubai when all of this started in 2010. The airport car park was full of cars like this, several bugattis, ferraris etc. Its not a case of a a few fines, their business' were going under very quickly and the debts they owed to other companies are the reason they all fled the country.

no wonder businesses were going under quickly if people were buying cars like that months after turning up. What happened to prudence and investing carefully in business to ensure continuity. Now it seems to be bang flash wallop and damn the consequences upon everyone else.

PS - shirt - why can't you sell a car in the middle east?

[just me]

1. in order to sell something, you have to have a buyer willing to pay what you want. you can't sell it for pennies if the bank holds the title.
2. if you reveal you want to sell something like an enzo, it sets tongues wagging which could drive your business under even quicker.

emptying the coffers and pulling a runner works out to be the better option.

this has nothing to do with traffic fines. whoever wrote that is a moron.

it's just about getting out quickly when things go under financially. it's a choice between escaping and imprisonment.

funnily enough, i met a guy in dubai who was on the run from the triad in hong kong because he had lost a million of their dollars. i wonder if he has "moved" again.

Edited by just me on Tuesday 24th April 21:45

[Rude-boy]

just me said:

2. if you reveal you want to sell something like an enzo, it sets tongues wagging which could drive your business under even quicker.

Indeed, just read the Hartley advert in Evo for details. Half the thing is devoted to telling you how discreet they are that you are trying to sell your motor...

[Munter]

just me said:

this has nothing to do with traffic fines. whoever wrote that is a moron.

I disagree. It was written as a humorous throw away line. Something to make people reading the story go Hehe.

Whoever thought it was the reason, and the people who responded without referring to the "whoosh parrot" I would suggest are the morons.

[Dodgey_Rog]

Gibbo1307 said:

I was in Dubai when all of this started in 2010. The airport car park was full of cars like this, several bugattis, ferraris etc. Its not a case of a a few fines, their business' were going under very quickly and the debts they owed to other companies are the reason they all fled the country.

Ego's, they'll f**k us all in the end..

[craigb84]

sim16v said:

Imagine getting out of Dodge just before the police came looking for you, your Enzo or other exotic abandoned in the airport.

Couple of years later and you are back on your feet in the UK, working, things going ok.


You decide to have a holiday to OZ or Hong Kong, so book up.

You don't realise the flight makes a stop over in Dubai...............

Even worse...imagine going for an interview or on business abroad or something and your employer wants to put on an emirates / etihad flight. How do you tell them you can't fly through the UAE because you ran away from enormous debts?

[Mystic Slippers]

I would of hidden the car somewhere , a locked garage perhaps then send a mate over at a later date to ship it home

[just me]

Munter said:

just me said:

this has nothing to do with traffic fines. whoever wrote that is a moron.

I disagree. It was written as a humorous throw away line. Something to make people reading the story go Hehe.

Whoever thought it was the reason, and the people who responded without referring to the "whoosh parrot" I would suggest are the morons.

The entire article was not written in a funny vein, and nothing in the article indicated the "racking up of the traffic fines" was a joke. Incredibly huge traffic fines do exist.

Whoosh parrot applies when people don't get jokes that are obviously jokes, not when jokes are so badly written or just bizarrely inserted (in the middle of an otherwise normal article) that they leave people scratching their heads. Look at the number of people wondering about it...

[myhandle]

This is a very amusing, and interesting thread, and a general credit to PH. I've been in France this week, and seen 2 Enzos, both red, one in a showroom, and one outside a hotel. Annoyingly, I think they looked excellent, and a design classic. At launch, when I thought it looked awkward, as usual Pininfarina were right after all. Showing the styling buck first at an art gallery in Asia (I think I read this in the press at the time; I certainly recall the photo) in 2002 before the car was launched or even had a namely have compounded early concerns about the styling. I look forward to the launch of the new Ferrari limited edition car; motoring is meant to be about enjoyment, and part if that is ultimates; the new Enzo-car will be one of these. PS, I also saw an F40 driving along at speed in France this week, with some sort of rally stickers, and the proportions indeed look nothing like that dust covered replica from earlier in the thread. A real F40 has a race car stance.

[shirt]

zebedee said:

PS - shirt - why can't you sell a car in the middle east?

selling a car is actually very easy here and the uk could learn a lot from it. involves going to the equivalent of the DVLA where in under an hour you transfer ownership, get a new MOT and reg. plates, equivalent of a HPI check for finance etc., previous owner pays outstanding fines, you get insured and off you go.

my quip was related to the comment re: why the banks don't have the sense to sell it to recoup their losses. the banks here do not use a lot of sense. something like that would require original thinking which goes against much of the capability of dubai's administrative workforce