Automotive Vloggers (Vol. 4)

[DonBarracuda]

Tavarish finally completed his 675LT project


675LT still the best looking McLaren they've ever built and that paint colour suits it well.

[S11Steve]

DonBarracuda said:

Tavarish finally completed his 675LT project


675LT still the best looking McLaren they've ever built and that paint colour suits it well.

"Auto-Tempest Blue" - doesn't quite have the same ring to it as Cerulean Blue!
That was a huge project for Freddy, but it looks to have worked out very well..

[TorqueR]

Beefmeister said:

I personally don’t like Simon or Lenny as I’ve had run-ins with both professionally.

Was that when he (Lenny) disagreed with what you said about a modified white Rolls Royce Cullinan on Twitter?

I’m not trying to be awkward, just asking as I’ve always thought he was a decent guy on social media and I enjoyed his podcast he did recently with a guy up in Scotland.

[Mark-E34-535]

Phil from Drift Works has added a brand new 992 GT3 to his garage. £10K deposit and a 6 year wait though! Kudos either way. I'd be happy with the E30 and the 964 let alone the Lambo and V10 E46. I don't know the guy other than a few chats in the comments section but seems genuine and down to earth.

https://www.youtube.com/watch?v=cmdKCpNLKZ8

[Beefmeister]

TorqueR said:

Beefmeister said:

I personally don’t like Simon or Lenny as I’ve had run-ins with both professionally.

Was that when he (Lenny) disagreed with what you said about a modified white Rolls Royce Cullinan on Twitter?

I’m not trying to be awkward, just asking as I’ve always thought he was a decent guy on social media and I enjoyed his podcast he did recently with a guy up in Scotland.

Not that, no. Have interacted with both through BOTB and just didn’t get on with them. Nothing personal, just clashing styles. I didn’t like what Lenny did on Twitter, but his point was just as valid as mine and we sorted it out afterwards. It doesn’t stop me liking their company and what it stands for though.

[JoshSm]

614-HSO said:

James has been out and about in Tim's friends Gunther Werks Porsche 993!



I had not heard of Gunther before, I think I prefer this over a Singer.

Looks like the sort of overstyled mashed up pastiche that should have a Pfister badge on it.

[waynecyclist]

614-HSO said:

James has been out and about in Tim's friends Gunther Werks Porsche 993!



I had not heard of Gunther before, I think I prefer this over a Singer.

Not a good looking car, Singer would be a much better choice.

[WarrenB]

614-HSO said:

James has been out and about in Tim's friends Gunther Werks Porsche 993!



I had not heard of Gunther before, I think I prefer this over a Singer.

There's just something about those 'halo' type LED lights I don't like. Unless it's on a MINI they just look odd, almost cartoonish.

[Bubba Zanetti]

It's more munter than Gunther.

The arches and wheels are a complete dogs breakfast.

[LM240]

Knew the Zenvo reminded me of something.

I also couldn’t get over the hideous rear wing arrangement.

[Kev_Mk3]

Throttlebody said:

Buy - as in I’m just renting it on a finance type PCP.

Like most of the UK. ‘Look at my spanking car that I don’t own’

This

[waynecyclist]

LM240 said:

Knew the Zenvo reminded me of something.

I also couldn’t get over the hideous rear wing arrangement.

I was watching the carfection review last night, it was interesting that the Zenvo is over 1400kg, the Senna is lighter

[P-Jay]

waremark said:

P-Jay said:

A lot of very interesting stuff about asset finance, including:...

Our Underwriters were always very conservative, back then Supercar Clubs were becoming big business and they hated them, it's party why I lost the Veyron deal I think and we'd often be approached by people claiming to be HNWI or 'Independently wealthy' trying to fund Supercars, only to find out it was for a Club. I suspect they'd hate YTers now. Film and TV Production companies were considered very high risk back then, and if Shmee LTD or however it's run approached us, they'd have to have a healthy balance sheet and net worth, not just invoices to YT for £10k a month or whatever. They're all only one scandal away from oblivion really.

Was there less concern about the borrower's finances if there was a large deposit, so providing the underwriter with much better asset cover for their exposure, or would they still want to ensure a solvent and secure borrower because they wouldn't want the hassle of realising the asset?

Yes, but only to a certain extent.

Repossessing an asset is expensive, plus because of the rules around ensuring we could prove we got fair market value for an asset (meaning we'd have to send it to auction and not to a dealer etc) meant we got the least for it. Repossessions almost always ended up in a loss for the Bank, and it's not like we could make that bank on the stuff we repo'd and made a profit as that profit had to be returned to the lender.

High End vehicles weren't a great risk, even the really high end stuff that doesn't depreciate as it ages. The F50 I financed for example was £500k I think at the time. I know they're more now. As I remember the guy bought it from Tom Hartley so it would have been supplied in perfect condition and at the top of the market price wise. If I was the most shrewd negotiator on Earth (which I am not), I might have sold it for 1.5% over BOE base rate, but with the buyers Bank and the dealers chosen finance co fighting for it, I probably ended up taking 1%, so about £5k in profit before costs etc.

For us to lend on a car, any car we want a 10% deposit, some paid more, but this was 2000-2007 so 'money was cheap' and few wanted all their cash tied up in a car, they were too busy buying and flipping flats on brownfield sites for that.

So you have a £450k debt against a £500k asset, great. But, it's not really, there are so many things that can go wrong if they stop paying. Even in the best case, some poor guy's empire comes crashing down along with Lehmans and I have to be the dhead, someone he's not actual met in person before who has to knock on his door along with some off-duty doormen who do repos during daylight hours to say we're taking it back. Best case, he shakes his head, shrugs his shoulders and hands you the keys, the service history and any manuals etc, the insanely expensive and rare tool kit and the locking wheelnut and the repo men don't scrape the st out of the bumper as they load it and by some miracle the guy who's been losing everything for the last few months has kept the maintenance up on it, even then, when it goes to auction, it's not going to sell for anything close to what Tom or Tom Jnr could sell it for, all Polished up and sitting in the middle of their pond. Between the labour cost, the repo guys and the auction cut, we'll lose £10k easy, meaning I have to finance another 2 F50s to cover the loss on that one.

FYI, the F50 guy never gave us a moments bother, it's just an example.

That's best case though, the Veyron I mentioned I underwrote and lost? That ended up being financed by a someone in the same company who claimed (aka lied) he quoted it first. That went down in infamy because it was financed to a "HNWI" who, it turned out, wasn't as High Net Worth as he claimed to be, and in fact was going to fund it by sub-letting it to a Super Car Club but it was repo'd less than a year later. I know because I read about it and laughed myself silly, it came back damaged too, and the repair cost was massive. Supposedly the guy who had it, took losing everything reasonably well, and before we could take it back rented it to Top Gear, it was the first Veyron they took around the track. I can't hand on heart say that's all true, but it's certainly true that we financed a Veyron which was repo'd less than a year later and came back with some damage that matched the sort of damage you can see on this one.

https://www.youtube.com/watch?v=3CRV6xDpkZo

A colleague of mine got caught up in this mess and lost £100k too.

https://www.walesonline.co.uk/news/wales-news/ken-...

[Bubba Zanetti]

waynecyclist said:

I was watching the carfection review last night, it was interesting that the Zenvo is over 1400kg, the Senna is lighter

The Senna has a carbon tub whereas the Zenvo does not.

[honda_exige]

Bubba Zanetti said:

waynecyclist said:

I was watching the carfection review last night, it was interesting that the Zenvo is over 1400kg, the Senna is lighter

The Senna has a carbon tub whereas the Zenvo does not.

Apart from a slightly fancier interior what's the benefit of the Zenvo over a Ultima GTR with a 1000bhp LS V8?

Seems to be a car that's expensive because its expensive.

I'd dare say the Ultima looks better too with the recent redesign fixing the gawkiness, given most onlookers will have never heard of Zenvo so most will assume kit car anyway.

[Beefmeister]

honda_exige said:

Apart from a slightly fancier interior what's the benefit of the Zenvo over a Ultima GTR with a 1000bhp LS V8?

Seems to be a car that's expensive because its expensive.

I'd dare say the Ultima looks better too with the recent redesign fixing the gawkiness, given most onlookers will have never heard of Zenvo so most will assume kit car anyway.

I’m supposed to be driving an Ultima GTR in a month. I’m incredibly excited and more than a tiny bit stting myself given it’ll likely be sub-5*C

[jackcactii]

Wonder how many customer they've got out of Shmee's 287k video and these google searches

I'd rather see him yanking the handbrake in his Clio around the shed than a Zenvo tbh

[Mark-E34-535]

honda_exige said:

Bubba Zanetti said:

waynecyclist said:

I was watching the carfection review last night, it was interesting that the Zenvo is over 1400kg, the Senna is lighter

The Senna has a carbon tub whereas the Zenvo does not.

Apart from a slightly fancier interior what's the benefit of the Zenvo over a Ultima GTR with a 1000bhp LS V8?

Seems to be a car that's expensive because its expensive.

I'd dare say the Ultima looks better too with the recent redesign fixing the gawkiness, given most onlookers will have never heard of Zenvo so most will assume kit car anyway.

I'd have the Ultima all day long. Just how much cheaper is the Ultima again?

[spadgm]

Mark-E34-535 said:

I'd have the Ultima all day long. Just how much cheaper is the Ultima again?

Me too, they weigh something like 950kg and have over a thousand bhp, even the 720 one has an amazing power to weight ratio.
After seeing one in the flesh a couple of weeks back it would have my vote anyday, looked incredible!
At the end of the day Tim made his choice and im sure he will love every minute behind the wheel driving the zenvo.

[InformationSuperHighway]

jackcactii said:

Wonder how many customer they've got out of Shmee's 287k video and these google searches

I'd rather see him yanking the handbrake in his Clio around the shed than a Zenvo tbh

Don’t worry, some marketing manager has this on his weekly update slide deck titled ‘brand awareness success’