Secrets of the Exotic Car-Rental Industry
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- Опубликовано: 3 окт 2024
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#ExoticCarRental #Business #RobFerretti
I love that you guys shine a light on the dark corners of the exotic market.
Rob has been in the game for a minute or two. I love hearing his stories!
I like that Rob has embraced the Mr Spaghetti nickname. It says a lot about his character.
Character or not it's stuck and there's nothing he can do about it. Besides I don't ever remembering him referring to him self as a spaghetti man.
@@bravobrk Hes made videos in which he makes easteregg references to it.. for example one time he said he didnt want to elaborate on a topic because it would give away his secret meatball recipe
God that was a bunch of annoying kids reiterating the same lame comments over and over
Where did it even come from? It's stupid
@@taylormullis4942 yea later on when it was kids who had zero humor.. the ogs had some really good original ones early on that would actually have me laughing irl
Mr spaghetti tells us about contraband pasta dishes
The spaghetti things wasn't funny ten years ago and it hasn't got any better with age.
@@ruk2023-- it still blows my mind this unfunny joke has been drug out so long lol
Lmao I don't care what these other dudes say this is hilarious and well done.
Simple things amuse simple minds.
Spaghetti jokes never get old
I knew Rob F was going to be the guest on this topic for sure.Hands down the expert.
Love it when anyone with experience talks about the financial side. Car auctions are also another slice of the auto scene that are due for a reset.
Not even 4 minutes in, and you mentioned ARBITRAGE!!! 🤣
Love it!!! Thank you Rob!
Rob need an A to Z kids book. “A is for Arbitrage” “ R is for Rental Fraud” “T is for Theft by Conversion”
After watching Rob and Ed talk about this stuff for years, it really seems like the exotic car rental business is one of the worst businesses to try and get into nowadays in terms of risk and profitability. I'm a small business owner myself and I can't imagine having to put up with some of this stuff from my customers.
Part of my wonders if Rob purposely rents to a few major red flags per year just because the RUclips story about it will profit over the loss.
The exceptionally and obliviously bad customers will produce great content. If it was all normal people there’s nothing interesting.
@@johnmaurer3097 No way he would do that when his cars are crashed he loses money pretty much every time
@@bomboyagegaming Totally agree with that. No one wants wrecks.
@@johnmaurer3097 If you really think that is his way of marketing, then he deserve a big FAIL!
If all small businesses followed the rules to a T, there would be no large businesses.
This is why VinWiki is a quality RUclips channel; informative and entertaining. Thank you for sharing all sides of the market for us enthusiasts.
And a big "Thank you" to Rob for not butchering up his commentary with a bunch of "amazing" and "literally".
Thanks Rob, for explaining the background of another "If it looks too good to be true..." scenario.
I don’t miss this industry
I can't say enough great things about Rob, always entertaining and a sharp wit is a great combination
One of my favorite Rob stories, besides the street racing one, was Rob being asked for a huge loan....to start his own non-competing biz, but Rob as partner. The kid had an idea no one would crash his cars, beat on it, or rent it for a party....sit or stand on it for Insta pics. Rob's response, besides a giant Lol......My meatballs aren't free kid, you're gonna need to find your own meatball chef
Shorter Rob (Again): 'Don't cheat the insurance companies'. Hell yeah! It's fraud. Great segment.
huston is one of the few people to have a successful exotic rental car company well he says it doesnt make good money but it runs so mad props to him for real
There was a scam in that I recently came across in the UK where people where getting cars on finance with low mileage limits but using OBD2 devices to pause the ODO so they didn't go over their milage.
It's the rule in Eastern Europe. Wanted to buy a 5yo passenger van, started it up at the dealer in the cold, had 74kkm on the odometer.
My Volvo with the same PSA diesel but 500kkm sounded brand new next to it...
I was at a rental drive. Wow I can’t believe the abuse the cars took!!
We had a blast! Man those cars are tuff! NSX, Porsche, lambo
Got my respect!!
Always read the insurance information on a rental, pay for the extra insurance and get in contact with your personal insurance agent to talk about rentals, it’s freaking eye opening!
If you rent a vehicle using a credit card, e.g., VISA and MasterCard, an insurance policy is automatically extended. It is not necessary to purchase additional insurance from the rental company. For details call the 800 number on your card to confirm.
@@avsystem3142 Credit Card companies exclude any coverage for higher priced vehicles and they pay the "rental company". As Rob mentioned, if you obtain it through a "broker" it might not be considered a rental company. They also do not cover claims of diminishment of value. Huge roll of the dice.
@@ToddCopeland I was commenting in regards to ordinary vehicle rentals not the convoluted and, in some cases as Rob notes, illegal schemes he described. Personally, I would never even use a so called "peer to peer" rental like Turo.
@@avsystem3142 Why not rent a car on Turo? or do you mean become a host on Turo?
@@3103frank As is usually the case, I meant what I said. I wouldn't rent a car from a private individual or stay in an AirBnB for the same reason.
Wow, Mr Spaghetti is back so soon. More Spaghetti please!
You seem like a Fazoli’s kinda guy. This might be above your level.
This is really good to know as somebody that wants to start renting out Turo cars.
I'm shocked that people with money etc would do anything sketchy!!
People with money don’t do anything THIS sketchy. The people doing this kind of stuff are people trying to make enough money to keep up with the payments.
I knew it was gonna be rob or crosta. These 2 have seen it all in that business
ED please do something about the odometer rollback like rob said.
We are exploring options on how to track it
@VINwiki Long term, I would recommend harassing members of Congress.
Lobby for odometer tracking programs specifically for licensed rental agencies. Like how a taxi has a taxometer for ex.
Get insurance to back you, sell an obd2 cpu brick for rental cars so it's tracked by insurance. Have them offer buisiness discounts like USAA has safepilot app, progressive has snapshot ,etc.
If you use this I don't require payment. Idea is free.
However If you do , *use this screencap as shoutout lol.*
Always love seeing Mr. Spaghetti on VinWiki. Been watching him since his early RUclips days
Great content! Rob is a great guest!
You guys had me at ILLEGAL secrets 😅
Wow that was an great explanation of high value rental cars. I wish it could have been longer!
“We’re in for quite the correction.” ~These words are going to seem brilliant in about 2 years.
No easy money simple as that!
Same in my industry (realestate) I’ve been developer for 20 yrs and oh boy do 98% of people think it’s such an easy money, most don’t last after first 6 month I’f that!
Why would odometer roll back even be built into the code and function of a car like that?
I first saw Rob on VHS with super speeders or something like that , times sure have changed !
i love Rob. been watching his videos for a good while and have learned a lot
Happy New Year Ed!!! 🎈🥳🎉
Happy New Year!
Halfway through the video, I got a Turo ad. Kinda funny.
Premium bruh
Rob is such a good guy
This is a GOOD VIDEO!! Very educational to people who wanna rent cars and properties
Rob seems to have a lot of these stories. A L O T
This story coming out of a NJ/New York based company does not suprise me.
Always good content/information!
I love how at Xtreme Xperience they gave me a whole lecture about safe driving and the consequences if I crash due to disregard of the instructions. I get in the gtb. Perfect. I get in the Lamborghini. Check engine, tire pressure, brake idiot lights are all on. And they say good luck buddy....smh. still drove it. Still fun as fuck! Actually liked it better than the Ferrari. Just thought it was ironic and more so very.. irresponsible of them
Mr. Spaghetti teaches us about flawed pasta businesses.
Correct me if I'm wrong but I thought the mileage filters only effect the dash and the ecu will read the actual mileage?
If WatchJRGo was not making enough money on Turo with his tailored fleet and hence is backing out, this tells you a lot!!!
Always love Bob Tagliatelli's storys
Watching Feretti over the years has really made me understand why exotic car rental (the right way) is so expensive. There’s a ton of costs associated with running an exotic car
I read the title and thought “this better be Rob” So glad it is !
I'm telling u Ed this guy is a genius
How do you tell if a car has been rolled back when buying it then? Look for wear, but what if there isnt any? Like they fixed the seats, or other easily noticeable things?
Some scan tools can read actual miles on some vehicles.
People who operate this way are why market crashes are so pronounced. If someone is under water on a loan and their income stops, their assets will be repossessed ASAP. The banks selling these assets cheap causes the average value to go down, causing more people's loans to go under water and it just dominoes. It happens with cars, houses, etc. In 2008 US property prices plummeted while Canada's only fell a smaller percentage because Canada had stricter lending requirements so there was less of a problem with defaulting.
I love spaghetti but I laughed when he said corollas and camrys for 3 thousand dollars. Only thing your getting for 3k these days is a rolling shell of a 90s civic lol even the cheap cars on Turo have to be decent shape and there for are like 15k because anything that runs these days is expensive compared to a few years back
Cornelius would be proud. 🙌🏻
3:12 That's fantastic! We gotta start sniffing out these criminals rolling back cars and press charges!
Rob this was gold, can you do video exposing Ethan Duran?
Rob didn't answer the one question I wanted to know.
Not as the owner, but as the person renting the vehicle... When I use a site like turo that's person to person, what kind of personal liability am I throwing up for myself?
I mean a lot of us are guys that just have a Subaru or some other bland pedestrian car and we rent out a $400,000 car for a special day... If some SUV is too busy with their iPhone to stop at a light, and totals out that car, our personal insurance is probably not going to be happy that we were not in a Subaru but we were in a Lamborghini...
Or is that something we don't really have to worry about?
It depends on the state, but your auto insurance typically covers the car, not the driver. Damage to someone else's car would come out of something like a personal liability/ umbrella policy on your homeowners insurance policy.
VinWiki The 🐐
Rob Feretti is a legend in the car world iykyk
Yes, exotic cars depreciate, but there are some exceptions. I only rent out Urus's; I have two, and they don't depreciate much. I bought them both lightly used from a Lamborghini dealership for about $200,000 each, and if I were to sell them both right now, my clients having added on about 10,000 and 15,000 miles, respectively, I think I could get my money back on the vehicles by maybe just taking a 10-20 thousand dollar loss.
Whats Mr. Spaghetti doing in Atlanta? Sounds like another Floridaman adventure.
2:57
Ed Bolians in the Closet?!?!?! 🤣🤣🤣
I don't care if it's illegal, I just want to look cool in a fancy car.
Hell yea hahaha
Nope, I just want to look like a crazy person in a Square Blue vehicle from 20yrs ago.
Beats staring down at a device at a stoplight and being so obvlious that people honk at you to move when the light goes green.
Makes me want a double order of meat balls
I've been wondering when Rob will do a VINwiki!
A friendly reminder not to rent cars to Mr. Spaghetti
Odometer freezing can be charged as criminal fraud when you sell the car. Insurance claim that lies about renting it out - again a criminal charge. Go to jail, enjoy that felony record for the rest of your life.
Today, Mr. Spaghetti teaches us that most rented meatballs aren't prepared properly.
Ed aint gonna invent SHIT! There's ALREADY such a service in Europe that does that.
Rob Spaghetti spills the secrets to his sauce.
Today Rob Spaghetti explains why it’s not easy keeping sauce on your meatballs
today mr spaghetti explains what happen when you re-use a stone cold a week old meatball to serve customers
Another to watch for in the exotic car game, the track experience. You get to do about 5 laps in your car of choice. The cost very from as little as £60. Then it starts getting costly.
Photos of you in the car. £40.
Extra insurance so your not liable for the first £3.500 in damage. £40.
There was another cost of about £40 but can't remember what for.
So from the £60 you thought it would cost to nearly £200.
Last but not least. Want to drive the latest super car join the BIG que or pick another,even though when you filled in your paper work you ticked which car you wanted to drive weeks before the event.
Plus there's an instructor in with you...
In this video Mr. Spaghetti certifies his meatballs are a secret recipe
If you can do what you do and be the middle man, you get your money & the middle mans cut. 😉 You’re welcome.
Wow, vinwiki dropped out of my youtube for like 4 months except for 1 short today
Rob's the OG.
This guy oddly reminds me of Daniel LaRusso🤷♂️
At least in the mustang world prices are starting to drop. Mustang Mach 1s and GT350s are starting to drop in Value
"Im the guy who gets things done."
Mr.Spaghetti drops knowledge on vinwiki
Good Knowledge Thank You! Be Blessed
Everyone wants to be seen standing in front of a Lambo. Nobody wants to be the one paying the bills for it.
Yaaaaaaaaaaaaaaaaaay Mr. Spaghetti is back.
Today Mr Spaghetti tells us how to spot counterfeit meatballs...
Any market involving big spenders there is a crook.
You would have to be a fool to rent your super car. Chances of the renter getting into an accident are high that means your car will have to be fixed. It takes experience driving a car with 500 plus horsepower. A bad Carfax report will devalue your car. Along with you will have a ton of rim rash cases. If you are not use to parking a super car you will damage it. He is correct high miles destroys values of cars. Getting caught rolling back your odometer is a crime. Insurance companies and banks do not did on you renting your car. If you rent your super car to a movie production you can buy extra insurance.
I look forward to the superkilometerfilterbullshitdetector
Face of this guy just in first looks, tell me "I am a layer"
The exotic cars themselves are amazing, but what percentage of the people who rent exotic cars are...um...how shall we say it...douchebags? I understand that the rentals that occur without damage to the car and that are returned on time and paid in full wouldn't make for great content on Rob's channel, but a more than minor percentage of his renters do seem to track the cars without telling him ahead of time, try to skimp on insurance coverage, don't return them on time, or simply attempt to steal them by conversion.
Wow Rob works with Mr. Beast I'm guessing
what ins do you need for exotic rental?
Somebody trying to corner the market
Don't listen to Rob. He's just trying to reduce the competition ;)
Good morning bud 👍✌️🙏
Why the fascination with these cars that cost what they do and can't even be realistically driven is so high I don't understand. You spent alot on a paperweight that cost more than a house to maintain even when you don't drive it. Congrats
It’s all about optics to some people.
I wish a corolla/camry were 3K😂
Spaghetti man has spoken
Rob doesn’t age
Vampire?
Damn i watched him 10 years ago. He got so old
I think both Huston and Rob both seem dodgy or something about them that seems off
Nice Car Story... ;-D
Where’s the meatballs