Are these Vloggers just a scam? SOL or Shmee etc? (Vol 2)
Discussion
Meridius said:
Brilliant video, nice to see a car like that being given a total spanking. He can drive, I was hanging onto my seat watching it. I've subscribed. 
This popped up in my feed tonight, enjoyable watch. They seem to be getting really crappy views though, when the content is good. Don’t know why.
https://youtu.be/
https://youtu.be/
akadk said:
Watched Tim’s vid this eve.
Based on today’s market his cars must have taken a 6 figure bath on values in total ?!
Not just an UK issue. Prices in North America are tanking as well. Global recession talk and artificially pumping the global markets to the brink has a lot of people thinking twice about buying expensive toys. Also the flow of money coming out of China has slowed considerably which has taken a toll on luxury goods globally. Based on today’s market his cars must have taken a 6 figure bath on values in total ?!
Bottom line is there's a glut of supercars and not enough buyers which means prices tank. Manufacturers can keep claim there's enough wealthy customers to justify new models every 6 months but it's starting to look like the market is imploding.
akadk said:
Watched Tim’s vid this eve.
Based on today’s market his cars must have taken a 6 figure bath on values in total ?!
Tim mentioned depreciationBased on today’s market his cars must have taken a 6 figure bath on values in total ?!
-100k GBP for the 675LT
-50k GBP for the GT8
and the other less expensive cars probably have cost him money.
Τbh I don't really know if he can cover all these costs (he also mentions) and huge depreciation (probably 300k GBP for the last 3 years only).
CityS said:
Tim mentioned depreciation
-100k GBP for the 675LT
-50k GBP for the GT8
and the other less expensive cars probably have cost him money.
?bh I don't really know if he can cover all these costs (he also mentions) and huge depreciation (probably 300k GBP for the last 3 years only).
I'm thinking the Ford GT and Senna values would offset those loses.-100k GBP for the 675LT
-50k GBP for the GT8
and the other less expensive cars probably have cost him money.
?bh I don't really know if he can cover all these costs (he also mentions) and huge depreciation (probably 300k GBP for the last 3 years only).
KHK said:
CityS said:
Tim mentioned depreciation
-100k GBP for the 675LT
-50k GBP for the GT8
and the other less expensive cars probably have cost him money.
?bh I don't really know if he can cover all these costs (he also mentions) and huge depreciation (probably 300k GBP for the last 3 years only).
I'm thinking the Ford GT and Senna values would offset those loses.-100k GBP for the 675LT
-50k GBP for the GT8
and the other less expensive cars probably have cost him money.
?bh I don't really know if he can cover all these costs (he also mentions) and huge depreciation (probably 300k GBP for the last 3 years only).
An advantage with owning outright in harder times but don't want to sell is you could just sorn them until you can afford to put them back in the road. Not ideal as they could end up with a few niggles or missing services but at least there won't be a bailiff on your door step if you couldn't keep up with finance payments.
I fear that there will potentially be quite a lot of people who will be caught out by the current market softening. I think a chunk of car swapping every 6-12 months will be coming to end soon and many will have no choice but to keep what they have until the terms run their course. If the market keeps softening people will quickly lose their deposits and end up in negative equity preventing them from moving into the next car.
Edited by Craig_89 on Sunday 22 September 22:09
The 'losses' on a sale right now for those two wouldn't be fun but then I work to enjoy things like cars, so while it's nicer to have an asset worth as much as you paid (or more!), if you don't intend to sell it in a hurry then nothing is technically lost and you had the experience of buying it from new and using it.
I suspect my collection as a whole would be worth approximately evens on what it cost me based on the current market, and yes that may come down going forwards but of the cars that I have right now, the one I'm most worried about the future value of is the GTC4Lusso. I bought it pretty wisely at 2 years old with around £100k off already and if it looses me another £100k over 2-3 years of ownership then that was the cost of an epic time travelling around Europe in a V12 Ferrari - which is something I might not be able to do in the future.
To add, I fully expect to lose a sizeable chunk on my inbound AMG GT R Pro. I don't think the sale of that car 12-24 months later is going to bode well at all but again it will be a thrilling ownership experience and enjoyable to drive and use frequently and sometimes that's more what it should be about than purely the financial side.
I suspect my collection as a whole would be worth approximately evens on what it cost me based on the current market, and yes that may come down going forwards but of the cars that I have right now, the one I'm most worried about the future value of is the GTC4Lusso. I bought it pretty wisely at 2 years old with around £100k off already and if it looses me another £100k over 2-3 years of ownership then that was the cost of an epic time travelling around Europe in a V12 Ferrari - which is something I might not be able to do in the future.
To add, I fully expect to lose a sizeable chunk on my inbound AMG GT R Pro. I don't think the sale of that car 12-24 months later is going to bode well at all but again it will be a thrilling ownership experience and enjoyable to drive and use frequently and sometimes that's more what it should be about than purely the financial side.
Shmee said:
The 'losses' on a sale right now for those two wouldn't be fun but then I work to enjoy things like cars, so while it's nicer to have an asset worth as much as you paid (or more!), if you don't intend to sell it in a hurry then nothing is technically lost and you had the experience of buying it from new and using it.
I suspect my collection as a whole would be worth approximately evens on what it cost me based on the current market, and yes that may come down going forwards but of the cars that I have right now, the one I'm most worried about the future value of is the GTC4Lusso. I bought it pretty wisely at 2 years old with around £100k off already and if it looses me another £100k over 2-3 years of ownership then that was the cost of an epic time travelling around Europe in a V12 Ferrari - which is something I might not be able to do in the future.
To add, I fully expect to lose a sizeable chunk on my inbound AMG GT R Pro. I don't think the sale of that car 12-24 months later is going to bode well at all but again it will be a thrilling ownership experience and enjoyable to drive and use frequently and sometimes that's more what it should be about than purely the financial side.
Will you be allocated the GTR black series? That might bode better long term. I suspect my collection as a whole would be worth approximately evens on what it cost me based on the current market, and yes that may come down going forwards but of the cars that I have right now, the one I'm most worried about the future value of is the GTC4Lusso. I bought it pretty wisely at 2 years old with around £100k off already and if it looses me another £100k over 2-3 years of ownership then that was the cost of an epic time travelling around Europe in a V12 Ferrari - which is something I might not be able to do in the future.
To add, I fully expect to lose a sizeable chunk on my inbound AMG GT R Pro. I don't think the sale of that car 12-24 months later is going to bode well at all but again it will be a thrilling ownership experience and enjoyable to drive and use frequently and sometimes that's more what it should be about than purely the financial side.
Shmee said:
The 'losses' on a sale right now for those two wouldn't be fun but then I work to enjoy things like cars, so while it's nicer to have an asset worth as much as you paid (or more!), if you don't intend to sell it in a hurry then nothing is technically lost and you had the experience of buying it from new and using it.
I suspect my collection as a whole would be worth approximately evens on what it cost me based on the current market, and yes that may come down going forwards but of the cars that I have right now, the one I'm most worried about the future value of is the GTC4Lusso. I bought it pretty wisely at 2 years old with around £100k off already and if it looses me another £100k over 2-3 years of ownership then that was the cost of an epic time travelling around Europe in a V12 Ferrari - which is something I might not be able to do in the future.
To add, I fully expect to lose a sizeable chunk on my inbound AMG GT R Pro. I don't think the sale of that car 12-24 months later is going to bode well at all but again it will be a thrilling ownership experience and enjoyable to drive and use frequently and sometimes that's more what it should be about than purely the financial side.
Not really a user of Facebook or other sites but just had a look at your page and collection of vehicles.I suspect my collection as a whole would be worth approximately evens on what it cost me based on the current market, and yes that may come down going forwards but of the cars that I have right now, the one I'm most worried about the future value of is the GTC4Lusso. I bought it pretty wisely at 2 years old with around £100k off already and if it looses me another £100k over 2-3 years of ownership then that was the cost of an epic time travelling around Europe in a V12 Ferrari - which is something I might not be able to do in the future.
To add, I fully expect to lose a sizeable chunk on my inbound AMG GT R Pro. I don't think the sale of that car 12-24 months later is going to bode well at all but again it will be a thrilling ownership experience and enjoyable to drive and use frequently and sometimes that's more what it should be about than purely the financial side.
Amazed that you can earn sufficient funds to buy/run those, and presumably pay your own salary and the salaries of those you must have behind the scenes just through videos on the internet, associated sponsorship etc!!
Fair play to you and good luck!
Anishvin posted this on IG stories last night. Pretty sure he's taking a dig at TGE.
I don't get this Anish guy at all. His YT and IG was all about bragging about supercars he owned and had on order, never said a word about losing money. Now that he's not in a financial position to buy these cars he starts bashing them and giving others advice.
I don't get this Anish guy at all. His YT and IG was all about bragging about supercars he owned and had on order, never said a word about losing money. Now that he's not in a financial position to buy these cars he starts bashing them and giving others advice.
KHK said:
Anishvin posted this on IG stories last night. Pretty sure he's taking a dig at TGE.
I don't get this Anish guy at all. His YT and IG was all about bragging about supercars he owned and had on order, never said a word about losing money. Now that he's not in a financial position to buy these cars he starts bashing them and giving others advice.
Unless his dad has reduced his allowance I’d be surprised if he wasn’t in a position to buy normal super cars. I don't get this Anish guy at all. His YT and IG was all about bragging about supercars he owned and had on order, never said a word about losing money. Now that he's not in a financial position to buy these cars he starts bashing them and giving others advice.
Another smoke and mirrors load of bull about property investment, forex trading, blah blah blah.
I used to do business with the fathers company back in a former life.
https://www.google.co.uk/amp/s/news.sky.com/story/...
k off. Thanks. As Tony said in one of Archies/TGE's videos, it all comes down to how much you can afford to lose rather than how much you can afford to spend.
It's clear that the likes of Tim can afford to take the hit on big depreciation and budget for these losses but those who are all in with little equity will find themselves the wrong way round sooner or later. What's unclear to me is how the likes of Archie can continue to order new cars in the current market as he's been very honest in that if he binned his GT3 on track he'd be in a big hole.
It's clear that the likes of Tim can afford to take the hit on big depreciation and budget for these losses but those who are all in with little equity will find themselves the wrong way round sooner or later. What's unclear to me is how the likes of Archie can continue to order new cars in the current market as he's been very honest in that if he binned his GT3 on track he'd be in a big hole.
anonymous said:
[redacted]
Please don't misinterpret things, nobody expected the current mess at all and we'll all be better off when it's done!The biggest part of the discussion is the collapsing supercar market globally, which currently is the most dry in the UK due to our specific situation.
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