This is how exotic car rental companies commit FRAUD

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  • Опубликовано: 29 ноя 2020
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Комментарии • 346

  • @NoarinE
    @NoarinE 3 года назад +884

    Gotta love that delayed bleep when Rob said shitshow, lmao

    • @Liqwidbutterfly0925
      @Liqwidbutterfly0925 3 года назад +85

      And the unsynchronized outro ad-read

    • @joemama38
      @joemama38 3 года назад +27

      That was the funniest part of the video

    • @wrchad23
      @wrchad23 3 года назад +2

      so good

    • @ToddCopeland
      @ToddCopeland 3 года назад +15

      From experience I think that it was added in correctly but then someone cut some prior video time which made the bleep sound later in the video and not realized it.

    • @sleezyfiveosix395
      @sleezyfiveosix395 3 года назад

      @@joemama38 0a

  • @EdBolian
    @EdBolian 3 года назад +703

    I know a lot about the rental business but Rob really is the expert. I am glad we are able to make things like this public. Great info.

    • @weloveyouuaj
      @weloveyouuaj 3 года назад

      Damn

    • @mycosys
      @mycosys 3 года назад +2

      I guess that means youre the Rent Boys?

    • @weloveyouuaj
      @weloveyouuaj 3 года назад +1

      @@mycosys Yea at one point he was.

    • @dhabbott41
      @dhabbott41 3 года назад +1

      You always have interesting videos. I learn something every time I watch.

    • @thegirthquake8574
      @thegirthquake8574 3 года назад +6

      Ed's the kind of guy to--
      Shit, wrong channel

  • @djsonicc
    @djsonicc 3 года назад +249

    Fraudsters hate him for this one weird trick to running a legit business.

  • @VINwiki
    @VINwiki  3 года назад +163

    "Who insures you?" and "Will you rent my car out and make my payment" are the questions you get daily in this business. Thanks for sharing the answers Rob. 100% correct.

    • @picklehamburger855
      @picklehamburger855 3 года назад +1

      how is your day guys?

    • @samstrolia
      @samstrolia 3 года назад +2

      Thanks for all of the great content! Keep it up, Ed 👍

    • @thescuba4780
      @thescuba4780 3 года назад +1

      jeeze, Rob is so cringy....

    • @mycosys
      @mycosys 3 года назад +2

      Who is checking the audio sync is something you should ask of your video editors too ;)

  • @undergroundoutlaw411
    @undergroundoutlaw411 3 года назад +125

    I love seeing this guy on VinWiki. He doesn’t come on much and doesn’t post regularly on his own channel, but every time he does - it’s a treat

    • @Murtydaking
      @Murtydaking 3 года назад +5

      he posts weekly on his channel

    • @Darkhunter218
      @Darkhunter218 3 года назад +2

      Rob, Mr. Superspeeders himself

    • @bdove2007
      @bdove2007 3 года назад

      He post almost every day

  • @neomedus2242
    @neomedus2242 3 года назад +609

    Today Rob Spaghetti explains how people try to sell him their meatball recipes even though Mr. Spaghetti already has the best recipe.

    • @HaydenKink
      @HaydenKink 3 года назад +6

      Stop. It hasn't ever been funny

    • @maxim430
      @maxim430 3 года назад +1

      @@HaydenKink yeah kinda beating a dead horse by now.

    • @radude4763
      @radude4763 3 года назад +19

      I like it

    • @neomedus2242
      @neomedus2242 3 года назад +12

      @@radude4763 I like it too.

    • @user-xm6ro1ep5d
      @user-xm6ro1ep5d 3 года назад +16

      I missed these jokes.
      Thanks mate

  • @Does_it_come_in_black
    @Does_it_come_in_black 3 года назад +71

    “You shouldn’t be running around relying on a felony to run your business” damn that’s one of the best mic drops I’ve heard on here lol

  • @ess2586
    @ess2586 3 года назад +10

    FINALLY someone on RUclips explains that a correct set of books and accounting records are one of the things necessary for running a legitimate or "real" business....So many people go into business with an idea, but with no plan...

  • @RobertButler
    @RobertButler 3 года назад +59

    9:47 that delayed bleep audio haha

  • @NxckEyc
    @NxckEyc 3 года назад +104

    The fraud bois not boutta like this one 🤣

  • @Mr_CJ_rambo
    @Mr_CJ_rambo 3 года назад +61

    9:46 lol editor missed the beep... must've been off the WhistlePig

  • @jamesn5625
    @jamesn5625 3 года назад +14

    Man I love these videos from Rob. He definitely has been around the block and his free business lessons are always entertaining.

  • @DctorSkillz1
    @DctorSkillz1 3 года назад +81

    I just use my personal insurance for my exotic car rental business.
    Never had a problem in 10,000 rolled back miles.

    • @DesmondCleaver
      @DesmondCleaver 3 года назад

      How are customers covered with your name on the policy?

    • @DctorSkillz1
      @DctorSkillz1 3 года назад +8

      @@DesmondCleaver They aren't.

    • @svenben9868
      @svenben9868 2 года назад

      @@DesmondCleaver ummm. I feel a little weird having to point out to you that you wasted time typing out a stupid, yet genuine question in reference to a joke statement.. You actually found your way out of bed this morning with zero help?

  • @jameswillard1
    @jameswillard1 3 года назад +44

    The guy in charge of bleeping has the reaction time of a koala 🐨 bear

    • @JPLangley_
      @JPLangley_ 3 года назад

      What about a lazy orangutan 🦧?

  • @Chris_T_Ramos
    @Chris_T_Ramos 3 года назад +25

    Either audio sync was off for the Ed’s commercial at the end of the video or I started drinking to early.

  • @jeradsteinfeld7911
    @jeradsteinfeld7911 3 года назад +11

    I'm an insurance agent that specializes in these sorts of high-risk businesses. I always appreciate Rob discussing insurance regarding the exotic car rental business. He makes really solid points.

    • @HUTCH993
      @HUTCH993 3 года назад +1

      Rob's brother is currently serving a 5 year prison sentence for vehicular homicide. That's a big insurance claim for sure!

    • @jeradsteinfeld7911
      @jeradsteinfeld7911 3 года назад +1

      @@HUTCH993 I'm sure that would be. Rob does a great job explaining business insurance coverage. So I don't know what that has to do with anything.

    • @HUTCH993
      @HUTCH993 3 года назад

      @@jeradsteinfeld7911 Joe ferretti killed a motorcyclist while recklessly driving a Gotham Dream Cars 430 spider. Gotham rent a wreck's insurance had to pay out on 2 totaled Ferrari 430s and a fatality. Look it up on Google

    • @jeradsteinfeld7911
      @jeradsteinfeld7911 3 года назад +1

      @@HUTCH993 That’s horribly tragic, but what again does this have to do with what I said?

    • @HUTCH993
      @HUTCH993 3 года назад

      @@jeradsteinfeld7911 Joe ferretti was working for Gotham rent a wreck when he killed that motorcyclist. Joe ferretti was on the clock and Gotham's insurance had to pay out on that fatal crash. That's a very expensive insurance claim

  • @kevinjessel8809
    @kevinjessel8809 3 года назад +64

    Oh i knew this would be Rob just by the title.

    • @rockyardo6691
      @rockyardo6691 3 года назад

      lol

    • @MrMaxyield
      @MrMaxyield 3 года назад

      Whom else would it be tho...???😅

    • @kevinjessel8809
      @kevinjessel8809 3 года назад

      @@MrMaxyield No idea, but when I posted it I was thinking he was going to talk about odometer cheating.

  • @Alps6408
    @Alps6408 3 года назад +23

    Always good seeing Rob Ferretti back on here, The guys a legend!

  • @rustyshackleford2934
    @rustyshackleford2934 3 года назад +5

    My first time driving a Ferrari was with Gotham. Awesome experience and awesome people!

  • @davidcordes9283
    @davidcordes9283 3 года назад +9

    He mentions Miami and I had to laugh! What I like about Miami is that it’s so close to the United States.

  • @Wickit96
    @Wickit96 3 года назад +3

    Great watch!! Always love seeing Rob on the channel!

  • @YouTubeHandlesAreStupid
    @YouTubeHandlesAreStupid 3 года назад +6

    This is all really well explained. Good job, Rob.

  • @Edwardlewis18
    @Edwardlewis18 3 года назад +4

    Wow, there's some real sound advice and food for thought in this video about starting any business really! Great video!

  • @TheZachjsr
    @TheZachjsr 3 года назад +44

    Good ol Mr. Spaghetti talking about people trying to take his meatballs without paying.

  • @williamrogercummings9607
    @williamrogercummings9607 3 года назад +3

    Thanks Ed, Rob is a very experienced man in exotic cars and we all benefit from his experience.

  • @trythistv
    @trythistv 3 года назад +3

    That 9:45 delayed beep is fantastic

  • @shivusarode
    @shivusarode 3 года назад +32

    Is it just me or he sounds kinda like bill burr?

    • @wessims3563
      @wessims3563 3 года назад +4

      He's car Bill Burr for sure.

    • @bubblewhip382
      @bubblewhip382 3 года назад +2

      "Welkome to Gawthum Street Cawz!"

    • @cfg1991
      @cfg1991 3 года назад

      Similar pace and cadence, voice isn’t similar

  • @ClassicCarCustodians
    @ClassicCarCustodians 3 года назад +6

    That beep was on its own timeline in the editing bay. LOL.

  • @Tainomontana
    @Tainomontana 3 года назад +18

    Rob spaghetti gotta love this guy. He tell you everything no one wants to hear but must be said. Stand up man for sure

  • @jayharpe1115
    @jayharpe1115 3 года назад

    Love this guy. So down to earth and matter a fact. Wish I knew people like these guys. I Always learn something

  • @tonydtiger1925
    @tonydtiger1925 3 года назад +1

    Am I missing something? I love how Rob explains things and haven’t seen him on this channel for a long time!

  • @kerrygrant7625
    @kerrygrant7625 3 года назад +5

    Very insightful. Especially the why you start a business part at 7:50

  • @kingssuck06
    @kingssuck06 3 года назад +6

    10:24 when the acid hits

  • @Wiggys23
    @Wiggys23 3 года назад +2

    From an insurance perspective in Atlanta, listening to Rob and Ed explains a lot...

  • @waltermiller249
    @waltermiller249 3 года назад +9

    Or do what Royalty Exotics does charge your insurance company for preexisting damages to the vehicle that was there before you drove it

  • @Tocco609
    @Tocco609 3 года назад +2

    I really like these videos, super interesting info, this and stuff about sales and leases and stuff

  • @kf7721
    @kf7721 3 года назад +3

    Wow you just explained the state fund forcing high risk insurance onto carriers reminds me of the federal government forcing financial lenders to have to take on toxic home loans. And that led to an industry crash.

    • @SuperDragon568
      @SuperDragon568 2 года назад

      that’s not what happened whatsoever

    • @SuperDragon568
      @SuperDragon568 2 года назад

      watch the movie “the big short” it’ll explain what actually went down

  • @urgetodrive
    @urgetodrive 3 года назад

    This video was very informative. Thanks Rob!

  • @BigDeeDee90
    @BigDeeDee90 3 года назад +1

    I've been almost religiously following Rob since Super Speeder days and I can honest say he has pretty much seen and dealt with it all at least once when it comes to rental car stuff haha genuine bloke! Love from Oz (Land Down Under) :)

  • @giorgioallora3925
    @giorgioallora3925 3 года назад +1

    Used to watch mr spaguetti long time ago, good to see him in this channel, he always has nice content :)

  • @thicctomato4977
    @thicctomato4977 3 года назад +10

    Love the videos Ed!!!

  • @jackbart1960
    @jackbart1960 3 года назад +1

    Great insight for any business

  • @MajorOutage
    @MajorOutage 3 года назад

    @2:39
    Love the shirt, finally changed the logo to match the sign.

  • @TeeDubbDizzle
    @TeeDubbDizzle 3 года назад +1

    I like the off timed bleep 🤣

  • @The1GWP
    @The1GWP 3 года назад

    An Insurance lecture from the guy who raced over the Skyline Bridge, 2020 real does have everything!

  • @harrynelson9203
    @harrynelson9203 3 года назад +2

    Clicked on this automatically thinking about that exotic car hire race track in las vegas 😂😂😂😂

  • @sdrawkcab7761
    @sdrawkcab7761 3 года назад

    This is an honest business man that understands the importance of building up value in a business.

  • @mtfan
    @mtfan 3 года назад +7

    Today on Vinwiki, Rob Spaghetti talks about the average business owner in his native homeland of New Jersey.

  • @77yogurt
    @77yogurt 3 года назад +2

    Cool video as always. It just seemed like Ed was Kung Fu fighting there at the end.

  • @nknasi
    @nknasi 3 года назад +21

    Ed, did you re-record the policygenius ad audio, then dub it over the old ad footage and think we wouldn't notice? lol

  • @odinskugga7383
    @odinskugga7383 3 года назад

    My god what a smart guy....and modest...

  • @jasonpatterson2143
    @jasonpatterson2143 3 года назад

    Love Rob. Dude is the Godfather of sports car vids.

  • @DepreciationNation
    @DepreciationNation 3 года назад +1

    Awesome video... thank you

  • @charlieryan1736
    @charlieryan1736 3 года назад +1

    Thanks for another interesting and informative video

  • @OkWineGuy
    @OkWineGuy 3 года назад +7

    I sense a re-upload. Sound is waaaaaay out on the outro

  • @jackielinde7568
    @jackielinde7568 3 года назад +8

    The correct answer to a random caller asking for your insurance policy is, "Unless there is an incident with one of my vehicles that's been documented by law enforcement, that document is proprietary business information. If you're looking for insurance for your own company, I can give you the contact information for my insurance agent. Please mention my name so I can get a referral bonus."

  • @swimmer751
    @swimmer751 3 года назад

    Came for a car story, learned fantastic business advise.

  • @YUngMONey516
    @YUngMONey516 2 года назад

    Best video I’ve seen on this topic. I’m in New York I purchased Vechiles for turo and ended up running into sooo many issues just with the vehicles and insurance. I’ve even financed and luxury vehicle to operate in this space, I’m hit so many walls I’m taking so many “L”s. can u help me?

  • @NoGoodHandlesComingToMind
    @NoGoodHandlesComingToMind 3 года назад +1

    8:00 decent career-oriented analysis of selling companies

  • @RipRoaringGarage
    @RipRoaringGarage Год назад

    9:47 Of all the things I notice...is the beep when he says sh t show...and how its offeset a good few seconds

  • @ryanharris6788
    @ryanharris6788 3 года назад +3

    That’s funny, in the middle of this video it cut to an insurance ad

  • @emgriffiths1861
    @emgriffiths1861 3 года назад

    The fire thing happens to autobody shops too- had my car in one and it was destroyed- as the owner was charged I got nothing from their policy and had no coverage on mine by by S-type Jag

  • @dan.r9220
    @dan.r9220 3 года назад

    How do you make sure the company is properly insured so you don't get put in this situation?

  • @jmgarvin3
    @jmgarvin3 Год назад

    Hi Rob,
    I’ve enjoyed watching your videos,
    I’m planning a trip to Dubia , and wondering what advice would you give about how to rent an exotic car?
    Thanks

  • @DjJMOProductions
    @DjJMOProductions 3 года назад +5

    When Rob talks, it reminds me of the kid on the little league team that drinks Gatorade by shoving his lips into the bottle

  • @JRSCars
    @JRSCars 3 года назад

    Hey Ed. The ending had a mismatch on audio and video.

  • @77zrod46
    @77zrod46 3 года назад

    The Bill Burr of exotic cars on RUclips. I love it.

  • @iggyp06
    @iggyp06 3 года назад +2

    @1:40 He says"INSURANCE FRAUD" and an insurance ad pops up.🤔

  • @bman_-ze4gu
    @bman_-ze4gu 3 года назад

    *ding* rob:(looks at his phone" his phone: The IRS wants to know your location

  • @thepostman69
    @thepostman69 3 года назад

    I get charged 25k/year/truck for commercial car hauling insurance. Its about to go to 45k. So many frauds in trucking

  • @krisone63
    @krisone63 3 года назад

    I met Rob twenty years or more ago at the NY auto show. He was just selling VCR tapes of his escapades with exotic cars, sitting in these metal chairs at his table we BS'd about NYC and drivers of his cars.

  • @tastefullynasty
    @tastefullynasty 3 года назад

    The audio “sync” reminds me of an old karate movie

  • @SethMarcell
    @SethMarcell 3 года назад

    Audio de-sync for the ad roll.

  • @steveg4082
    @steveg4082 Год назад

    “If you have to rely on a felony to be in business, you probably shouldn’t be in business. “ That should be at the top of every business license.

  • @geetee2694
    @geetee2694 3 года назад

    They do it (State fund) for business' cars that are their source of income?

  • @yugihlh
    @yugihlh 3 года назад +2

    Today Mr. Spaghetti explains how to get a few extra meatballs out of your policy

  • @blue_lancer_es
    @blue_lancer_es 3 года назад +1

    Mr pasta just f..ked his competition..

  • @gordythecreator
    @gordythecreator 3 года назад +3

    Doesn't matter what business, nobody seems to plan on selling it at 1st. Obvious sign is when they name it after themselves lol. I'm a signman

  • @trcythmpsn
    @trcythmpsn 3 года назад +2

    Rob really needs to offer seminars or consulting services on the dark side of the exotic car rental business. For a 10,000 service fee he can save you 100,000 😆

  • @Newbuddyzx1
    @Newbuddyzx1 3 года назад +5

    Someone in AV is out of job in this holiday season

  • @knowel7138
    @knowel7138 3 года назад

    Definitely sounds like South Florida for sure!!! 😂😂😂

  • @mro4ts457
    @mro4ts457 3 года назад +1

    Today Mr spaghetti shows us how to spot fake pasta

  • @BluDog35
    @BluDog35 3 года назад +2

    Today, Mr. Spaghetti educates us on why it's important to have genuine meatball insurance.

  • @glazedegyptian
    @glazedegyptian 3 года назад +2

    My dream is to tell my crazy dealership experiences when I was working for Taggart Cars & Porsche

    • @HAMMER8181
      @HAMMER8181 3 года назад

      Lets hear it

    • @glazedegyptian
      @glazedegyptian 3 года назад

      @@HAMMER8181 Once had a customer come in, buy a maseratti granturismo for $115k. Came back and traded it equally for a almost new (57 miles Avalanche Gray with blue stripes) shelby gt350 after hours of arguing and the cops being called because he swore we robbed him.
      Stories involving a Viper being towed by the wrong company. Dude was supposed to pickup a red "sports" car. He was there to pickup our Miata Mx5 that was also red. Took the viper to the wrong house.
      Paul Walker Porsche 918 Weissach package being sold by us. How we acquired it. Porsche contact made.

    • @HAMMER8181
      @HAMMER8181 3 года назад +1

      @@glazedegyptian def a good one

  • @skylineXpert
    @skylineXpert 3 года назад

    In Denmark we have Kenneth Falke. He almost got away until the sherif got him. He is now incarcerated in Kolding if i remember correct

  • @workingshlub8861
    @workingshlub8861 3 года назад

    it is call the FAIR plan....fair access to insurance regulations....i am in real estate and most states have it..its basically a last resort when a private company wont insure a property and it is ridiculously expensive....i can only imagine on a fleet of supercars..

  • @r3productioninstar3product39
    @r3productioninstar3product39 3 года назад

    THIS GUYS HAS THE GIFT OF THE GAB ALRIGHT LOL

  • @RandyWillcox
    @RandyWillcox 3 года назад +1

    So, Rob's "beep" was on the same audio track as Ed's sponsor promo, eh? 😏

  • @shofan70
    @shofan70 3 года назад +4

    Sooo did Ramon get his car fixed?

  • @jeremyhanna3852
    @jeremyhanna3852 7 месяцев назад

    So i own a small trucking company could you get commercial truck ins make the renter a employee by hiring them online check there lic and stuff now they for company and should beable to use company equipment.

  • @schylerlewis8467
    @schylerlewis8467 3 года назад +3

    FYI Audio sync issues on the policy genius spot at the end.

  • @thedeadcamel
    @thedeadcamel 3 года назад +1

    People are saying the audio is off at the end, but Ed did it on purpose, for subliminal ad effects.

  • @Maybe1Someday
    @Maybe1Someday 3 года назад

    My man Rob in the house

  • @adamlake9507
    @adamlake9507 3 года назад +2

    Up next...
    Hoovie's Exotic Car Rental

  • @mikefabbi5127
    @mikefabbi5127 3 года назад

    Nightclubs also have problems with spontaneous combustion.

  • @tdp2612
    @tdp2612 3 года назад

    9:50 how late was that bleep?

  • @mycosys
    @mycosys 3 года назад

    Nice Audio Sync youve got there Policy Genius, be a pity if something..... happened to it

  • @thebox5986
    @thebox5986 3 года назад

    Whats up with the audio at the end??

  • @adogmcdizzle
    @adogmcdizzle 3 года назад

    Mr Ferretti is a legitimate businessman

  • @gemini6999
    @gemini6999 3 года назад

    Interesting article and a very smart guy. What I took from it is if you own a supercar and have to rent it out to make money - probably to help make the payments - you are probably not rich enough to own one in the first place. A poseur and nothing more.

    • @SBC97281
      @SBC97281 Год назад

      I was totally amazed to meet Ferrari Drivers leasing their cars for several thousand dollars a month. If you can't write a check for an exotic you likely cannot afford it--Certain tax situations excepted.