Automotive Vloggers (Vol. 4)
Discussion
Mark-E34-535 said:
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.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.
selym said:
I don't think the likes of the Ultima is really Shmee's cup of tea. Do the company have the clout to 'support' him in the way that Zenvo will?
I'd have an Ultima in a heartbeat - honking, noisy, smelly, rattly, visceral. A bit like my plastic POS but with four times the power!
He has a love of the spec, announcing colours in their full fancy Italian names, detailing the intricacies of the options and carbons packs - what's he gonna do with an Ultima?I'd have an Ultima in a heartbeat - honking, noisy, smelly, rattly, visceral. A bit like my plastic POS but with four times the power!
'it white and empty' <Insert wide arm thumbs up pose>
Pommy said:
selym said:
I don't think the likes of the Ultima is really Shmee's cup of tea. Do the company have the clout to 'support' him in the way that Zenvo will?
I'd have an Ultima in a heartbeat - honking, noisy, smelly, rattly, visceral. A bit like my plastic POS but with four times the power!
He has a love of the spec, announcing colours in their full fancy Italian names, detailing the intricacies of the options and carbons packs - what's he gonna do with an Ultima?I'd have an Ultima in a heartbeat - honking, noisy, smelly, rattly, visceral. A bit like my plastic POS but with four times the power!
'it white and empty' <Insert wide arm thumbs up pose>
Shmee should ask Renmure for a passenger ride and then get his deposit back...
renmure said:
Hogging my own thread but I guess that's allowed.
Been out and about it the Ultima quite a bit over the last week. Hottest week of the year by far and have never given much thought before to the aircon system in the car but it certainly works well.
Been out and about it the Ultima quite a bit over the last week. Hottest week of the year by far and have never given much thought before to the aircon system in the car but it certainly works well.
P-Jay said:
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 d
head, 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-...
Interesting stuff. Thanks! 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 d
head, 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-...
Another excellent video from Hagarty: https://www.youtube.com/watch?v=j7YqdGt19tw
Production values are as good as any broadcast TV show and I really enjoy the way Jason presents.
The CT5-V Blackwing is so
The Tesla just leaves me stone dead cold - I think my washing machine evokes more excitement.
Production values are as good as any broadcast TV show and I really enjoy the way Jason presents.
The CT5-V Blackwing is so
The Tesla just leaves me stone dead cold - I think my washing machine evokes more excitement.
Camelot1971 said:
The Tesla just leaves me stone dead cold - I think my washing machine evokes more excitement.
That's EV in general for me. Absolutely zero interest as an enthusiast of cars. I'm sure they're ok for transportation, much as milk floats and golf karts have been, albeit much faster. Camelot1971 said:
Another excellent video from Hagarty: https://www.youtube.com/watch?v=j7YqdGt19tw
Production values are as good as any broadcast TV show and I really enjoy the way Jason presents.
The CT5-V Blackwing is so
The Tesla just leaves me stone dead cold - I think my washing machine evokes more excitement.
I've never seen this channel but oh hell that's insane production.Production values are as good as any broadcast TV show and I really enjoy the way Jason presents.
The CT5-V Blackwing is so
The Tesla just leaves me stone dead cold - I think my washing machine evokes more excitement.
The channel isn't doing huge views per video so I'm not sure how it's funded. Outstanding video though, thanks for sharing.
ETA: Ah, they're an insurance company and this is advertising.
Mark-E34-535 said:
Camelot1971 said:
The Tesla just leaves me stone dead cold - I think my washing machine evokes more excitement.
That's EV in general for me. Absolutely zero interest as an enthusiast of cars. I'm sure they're ok for transportation, much as milk floats and golf karts have been, albeit much faster. Jules Sunley said:
Mark-E34-535 said:
Camelot1971 said:
The Tesla just leaves me stone dead cold - I think my washing machine evokes more excitement.
That's EV in general for me. Absolutely zero interest as an enthusiast of cars. I'm sure they're ok for transportation, much as milk floats and golf karts have been, albeit much faster. thegreenhell said:
Jules Sunley said:
Mark-E34-535 said:
Camelot1971 said:
The Tesla just leaves me stone dead cold - I think my washing machine evokes more excitement.
That's EV in general for me. Absolutely zero interest as an enthusiast of cars. I'm sure they're ok for transportation, much as milk floats and golf karts have been, albeit much faster. Hagerty put out some really good content. As a brand, they seem to have really embraced YouTube.
As well as the Barn Find Hunter series, I enjoy the Redline Rebuilds one.
They recently got a Mustang Mach 1 back into service after it had been unused for 30 years and then surprised the late owner’s widow with it. It was great to see her reaction, she didn’t want to stand back and admire it, she just wanted to get in it and drive.
https://youtu.be/ZFaW-BKBucw?t=547
As well as the Barn Find Hunter series, I enjoy the Redline Rebuilds one.
They recently got a Mustang Mach 1 back into service after it had been unused for 30 years and then surprised the late owner’s widow with it. It was great to see her reaction, she didn’t want to stand back and admire it, she just wanted to get in it and drive.
https://youtu.be/ZFaW-BKBucw?t=547
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