Chris Harris's Column -- Burst Bubble;Massive Dump;Bargains
Discussion
Drl22 said:
Ferruccio said:
1. Always cash.
Buying what you must expect to be a depreciating asset with borrowed money has never seemed sensible to me.
As it happens, they are all worth more than I paid for them currently but that’s a surprise and a bonus.
To all those who say I can make a greater return on the money borrowed than the bank charges, maybe; maybe not.
2. I’ve never sold a car.
The “always cash” posters are just so boring. Some people have better things to do with their cash. I get it, you have more cash than you do brains to invest it. Wonderful, go you! Buying what you must expect to be a depreciating asset with borrowed money has never seemed sensible to me.
As it happens, they are all worth more than I paid for them currently but that’s a surprise and a bonus.
To all those who say I can make a greater return on the money borrowed than the bank charges, maybe; maybe not.
2. I’ve never sold a car.
Drl22 said:
CitySlicker said:
"More cash than brains"
In this market, don't make me remove the oxy
Not sure I agree. Cash sitting in a supercar or a bank is daft, as such, please remove the oxy if you feel differently. In this market, don't make me remove the oxy
you’d rather pay x% a year to someone else.
Sure you might make more than x% a year on your cash, but you might lose a slug of it too.
My point is that you are doubling up on the depreciation with the investment risk.
Boring?
Sensible?
Surly the depreciation is all down to the individual asset , I just sold a Mclaren bold to say it’s definitely one of the best cars ever owned , but after blowing a fortune and only covering 3k in a year I’ve gone back to Ferrari and bought an f12, I don’t find it exciting and it’s not the best looking car , however at the current it’s easily one of the safest assets to have apart from gt2-3etc pista Speciale etc , so my point is the car bubble bursting would be down to the amount of cars being built , the ease of how finance is obtained and how every other week there is a limited run of something been launched , there’s only a limited amount of people that realistically can afford one and the search for the rarest on the road pushes the initial; brand high up the order .
Might sound like rambling but that’s my take
Might sound like rambling but that’s my take
Welshbeef said:
Are individuals like Schmee who (per his recent YouTube) finances all of his vehicles exposed like King Canute?
I imagine they are although I suspect it’s a company that leases/finances the cars as then he’d be able to charge all the running costs of the cars/fuel/insurance/staff salariesto the company..company gets the YouTube revenue and he pays himself a salary/dividend.
On some cars I am sure he gets ridiculous deals from manufacturers.
The more new cars you “buy”...the more content you create. Virtuous circle as long as the music doesn’t stop.
Welshbeef said:
Are individuals like Schmee who (per his recent YouTube) finances all of his vehicles exposed like King Canute?
As much as schmee has a following on YouTube and apparently this is his only job, it does not supply efficient funding to cover his supercar collection.The hint would be in his surname, Burton and the fact his family owns that particular clothing chain.
Turbo cab said:
As much as schmee has a following on YouTube and apparently this is his only job, it does not supply efficient funding to cover his supercar collection.
The hint would be in his surname, Burton and the fact his family owns that particular clothing chain.
Burton's menswear is part of the Arcadia group and solely owned by Sir Philip Green..The hint would be in his surname, Burton and the fact his family owns that particular clothing chain.
Taffy66 said:
Turbo cab said:
As much as schmee has a following on YouTube and apparently this is his only job, it does not supply efficient funding to cover his supercar collection.
The hint would be in his surname, Burton and the fact his family owns that particular clothing chain.
Burton's menswear is part of the Arcadia group and solely owned by Sir Philip Green..The hint would be in his surname, Burton and the fact his family owns that particular clothing chain.
It maybe wrong as I was told this a while ago however, he deffinately comes from money as YouTube would not cover the monthlys, depreciation and running of the fleet. I do rate Tim as at least he uses his collection as intended.
Turbo cab said:
Correct however, acquired in 2002. Post should have said previously owned.
It maybe wrong as I was told this a while ago however, he deffinately comes from money as YouTube would not cover the monthlys, depreciation and running of the fleet. I do rate Tim as at least he uses his collection as intended.
I wasn't aware that they're the same Burton.I agree with you that Tim does make a huge effort to use all his cars as intended..I don't get all this nasty comments on social media directed at him..There is a huge amount of jealously on social media unfortunately which is a sad reflection on society in general it seems.It maybe wrong as I was told this a while ago however, he deffinately comes from money as YouTube would not cover the monthlys, depreciation and running of the fleet. I do rate Tim as at least he uses his collection as intended.
Good luck to him i say..
Turbo cab said:
Taffy66 said:
Turbo cab said:
As much as schmee has a following on YouTube and apparently this is his only job, it does not supply efficient funding to cover his supercar collection.
The hint would be in his surname, Burton and the fact his family owns that particular clothing chain.
Burton's menswear is part of the Arcadia group and solely owned by Sir Philip Green..The hint would be in his surname, Burton and the fact his family owns that particular clothing chain.
It maybe wrong as I was told this a while ago however, he deffinately comes from money as YouTube would not cover the monthlys, depreciation and running of the fleet. I do rate Tim as at least he uses his collection as intended.
I think he could easily fund his vehicles through his youtube revenue .
franki68 said:
Turbo cab said:
Taffy66 said:
Turbo cab said:
As much as schmee has a following on YouTube and apparently this is his only job, it does not supply efficient funding to cover his supercar collection.
The hint would be in his surname, Burton and the fact his family owns that particular clothing chain.
Burton's menswear is part of the Arcadia group and solely owned by Sir Philip Green..The hint would be in his surname, Burton and the fact his family owns that particular clothing chain.
It maybe wrong as I was told this a while ago however, he deffinately comes from money as YouTube would not cover the monthlys, depreciation and running of the fleet. I do rate Tim as at least he uses his collection as intended.
I think he could easily fund his vehicles through his youtube revenue .
As mentioned earlier, I rate him as he clocks up serious miles in his cars (which means he needs to earn even more to cover the huge depreciation by doing so) and he's also probably one of the only car YouTubers I will actually watch as you can tell he is a bonified petrol head and genuine nice guy.
Numbers of subscribers is largely irrelevant. It's views that matter to YT and on which advertising revenue income is calculated.
Endorsements and tie ups are where the money comes from as a result of the YT exposure. There will be multiple income streams generated by the shmee150 channel - the ad revenue from YT probably only amounting to 30% or so of gross annual turnover.
Endorsements and tie ups are where the money comes from as a result of the YT exposure. There will be multiple income streams generated by the shmee150 channel - the ad revenue from YT probably only amounting to 30% or so of gross annual turnover.
Jack-flash said:
Surly the depreciation is all down to the individual asset , I just sold a Mclaren bold to say it’s definitely one of the best cars ever owned , but after blowing a fortune and only covering 3k in a year I’ve gone back to Ferrari and bought an f12, I don’t find it exciting and it’s not the best looking car , however at the current it’s easily one of the safest assets to have apart from gt2-3etc pista Speciale etc , so my point is the car bubble bursting would be down to the amount of cars being built , the ease of how finance is obtained and how every other week there is a limited run of something been launched , there’s only a limited amount of people that realistically can afford one and the search for the rarest on the road pushes the initial; brand high up the order .
Might sound like rambling but that’s my take
F12 very much exciting and there's plenty of worse looking cars out there... would you like to swap? Might sound like rambling but that’s my take
Turbo cab said:
Welshbeef said:
Are individuals like Schmee who (per his recent YouTube) finances all of his vehicles exposed like King Canute?
As much as schmee has a following on YouTube and apparently this is his only job, it does not supply efficient funding to cover his supercar collection.The hint would be in his surname, Burton and the fact his family owns that particular clothing chain.
markcoznottz said:
Turbo cab said:
Welshbeef said:
Are individuals like Schmee who (per his recent YouTube) finances all of his vehicles exposed like King Canute?
As much as schmee has a following on YouTube and apparently this is his only job, it does not supply efficient funding to cover his supercar collection.The hint would be in his surname, Burton and the fact his family owns that particular clothing chain.
Knew that YT wasn't responsible but again credit where it's due, at least he grafts and tries to make a living from his passion instead of being a lazy trust fund bum.
markcoznottz said:
Mate don't engage with Welshbeef, hes an annoying troll. Tim burtons family connection, try a pack of Maryland cookies.
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