This is how exotic car rental companies commit FRAUD

Рет қаралды 402,434

3 жыл бұрын

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#CarInsurance #ExoticCarRental #InsuranceFraud

Пікірлер: 347

@NoarinE 3 жыл бұрын

Gotta love that delayed bleep when Rob said shitshow, lmao

@Liqwidbutterfly0925 3 жыл бұрын

And the unsynchronized outro ad-read

@joemama38 3 жыл бұрын

That was the funniest part of the video

@wrchad23 3 жыл бұрын

so good

@ToddCopeland 3 жыл бұрын

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 3 жыл бұрын

@@joemama38 0a

@EdBolian 3 жыл бұрын

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 3 жыл бұрын

Damn

@mycosys 3 жыл бұрын

I guess that means youre the Rent Boys?

@weloveyouuaj 3 жыл бұрын

@@mycosys Yea at one point he was.

@dhabbott41 3 жыл бұрын

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

@thegirthquake8574 3 жыл бұрын

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

@djsonicc 3 жыл бұрын

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

@VINwiki 3 жыл бұрын

"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 3 жыл бұрын

how is your day guys?

@samstrolia 3 жыл бұрын

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

@thescuba4780 3 жыл бұрын

jeeze, Rob is so cringy....

@mycosys 3 жыл бұрын

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

@undergroundoutlaw411 3 жыл бұрын

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 3 жыл бұрын

he posts weekly on his channel

@Darkhunter218 3 жыл бұрын

Rob, Mr. Superspeeders himself

@bdove2007 3 жыл бұрын

He post almost every day

@neomedus2242 3 жыл бұрын

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

@HaydenKink 3 жыл бұрын

Stop. It hasn't ever been funny

@maxim430 3 жыл бұрын

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

@radude4763 3 жыл бұрын

I like it

@neomedus2242 3 жыл бұрын

@@radude4763 I like it too.

@user-xm6ro1ep5d 3 жыл бұрын

I missed these jokes. Thanks mate

@ess2586 3 жыл бұрын

FINALLY someone on KZfaq 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...

@Does_it_come_in_black 3 жыл бұрын

“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

@RobertButler 3 жыл бұрын

9:47 that delayed bleep audio haha

@NxckEyc 3 жыл бұрын

The fraud bois not boutta like this one 🤣

@jameswillard1 3 жыл бұрын

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

@JPLangley_ 3 жыл бұрын

What about a lazy orangutan 🦧?

@DctorSkillz1 3 жыл бұрын

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

@DesmondCleaver 3 жыл бұрын

How are customers covered with your name on the policy?

@DctorSkillz1 3 жыл бұрын

@@DesmondCleaver They aren't.

@svenben9868 2 жыл бұрын

@@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?

@Mr_CJ_rambo 3 жыл бұрын

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

@jamesn5625 3 жыл бұрын

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

@jeradsteinfeld7911 3 жыл бұрын

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 3 жыл бұрын

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

@jeradsteinfeld7911 3 жыл бұрын

@@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 3 жыл бұрын

@@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 3 жыл бұрын

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

@HUTCH993 3 жыл бұрын

@@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

@Chris_T_Ramos 3 жыл бұрын

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

@muhammadalialrubaye3391 3 жыл бұрын

Thought I was the only one lol

@kevinjessel8809 3 жыл бұрын

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

@rockyardo6691 3 жыл бұрын

lol

@MrMaxyield 3 жыл бұрын

Whom else would it be tho...???😅

@kevinjessel8809 3 жыл бұрын

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

@davidcordes9283 3 жыл бұрын

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

@rustyshackleford2934 3 жыл бұрын

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

@TheZachjsr 3 жыл бұрын

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

@Alps6408 3 жыл бұрын

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

@Wickit96 3 жыл бұрын

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

@Edwardlewis18 3 жыл бұрын

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

@YouTubeHandlesAreStupid 3 жыл бұрын

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

@williamrogercummings9607 3 жыл бұрын

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

@Tainomontana 3 жыл бұрын

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

@shivusarode 3 жыл бұрын

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

@wessims3563 3 жыл бұрын

He's car Bill Burr for sure.

@bubblewhip382 3 жыл бұрын

"Welkome to Gawthum Street Cawz!"

@cfg1991 3 жыл бұрын

Similar pace and cadence, voice isn’t similar

@jayharpe1115 3 жыл бұрын

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

@ClassicCarCustodians 3 жыл бұрын

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

@kerrygrant7625 3 жыл бұрын

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

@waltermiller249 3 жыл бұрын

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

@BigDeeDee90 3 жыл бұрын

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) :)

@trythistv 3 жыл бұрын

That 9:45 delayed beep is fantastic

@kingssuck06 3 жыл бұрын

10:24 when the acid hits

@tonydtiger1925 3 жыл бұрын

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

@kf7721 3 жыл бұрын

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 2 жыл бұрын

that’s not what happened whatsoever

@SuperDragon568 2 жыл бұрын

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

@Wiggys23 3 жыл бұрын

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

@Tocco609 3 жыл бұрын

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

@urgetodrive 3 жыл бұрын

This video was very informative. Thanks Rob!

@harrynelson9203 3 жыл бұрын

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

@giorgioallora3925 3 жыл бұрын

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

@thicctomato4977 3 жыл бұрын

Love the videos Ed!!!

@77yogurt 3 жыл бұрын

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

@The1GWP 3 жыл бұрын

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

@TeeDubbDizzle 3 жыл бұрын

I like the off timed bleep 🤣

@MajorOutage 3 жыл бұрын

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

@jackbart1960 3 жыл бұрын

Great insight for any business

@mtfan 3 жыл бұрын

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

@nknasi 3 жыл бұрын

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

@fast.biking_freddy 3 жыл бұрын

It was off by a solid second and a half 😂

@alexfagan9555 3 жыл бұрын

The audio was off from the video

@DjJMOProductions 3 жыл бұрын

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

@YUngMONey516 2 жыл бұрын

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?

@emgriffiths1861 3 жыл бұрын

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

@charlieryan1736 3 жыл бұрын

Thanks for another interesting and informative video

@jackielinde7568 3 жыл бұрын

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."

@RipRoaringGarage Жыл бұрын

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

@jmgarvin3 Жыл бұрын

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

@sdrawkcab7761 3 жыл бұрын

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

@DepreciationNation 3 жыл бұрын

Awesome video... thank you

@jasonpatterson2143 3 жыл бұрын

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

@krisone63 3 жыл бұрын

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.

@yugihlh 3 жыл бұрын

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

@trcythmpsn 3 жыл бұрын

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 😆

@gordythecreator 3 жыл бұрын

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

@odinskugga7383 3 жыл бұрын

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

@swimmer751 3 жыл бұрын

Came for a car story, learned fantastic business advise.

@NoGoodHandlesComingToMind 3 жыл бұрын

8:00 decent career-oriented analysis of selling companies

@gemini6999 3 жыл бұрын

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 Жыл бұрын

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.

@thepostman69 3 жыл бұрын

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

@bman_-ze4gu 3 жыл бұрын

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

@77zrod46 3 жыл бұрын

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

@ryanharris6788 3 жыл бұрын

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

@OkWineGuy 3 жыл бұрын

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

@seanmurphy4465 3 жыл бұрын

It is

@dan.r9220 3 жыл бұрын

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

@JRSCars 3 жыл бұрын

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

@skylineXpert 3 жыл бұрын

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

@shanemiles252 3 жыл бұрын

Swift Exotics in NY rents out Mod2Fames Hellcat Redeye, I wonder what the deal with that is....

@geetee2694 3 жыл бұрын

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

@overcastfriday81 3 жыл бұрын

I rented a nascar racecar for 30 minutes. It had a 10,000 customer deductible. These were retired racecars with total values under 36k. Id say they found a way to make insurance cheap, ie. Customers self insure the first 30% of claims.

@overcastfriday81 3 жыл бұрын

Also noteworthy, customers didnt fully digest their financial risk. They probably thought their own policies would cover it , which is absurd...not exactly a hertz rental. Altogether a sweet deal for the rental company

@RandyWillcox 3 жыл бұрын

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

@mycosys 3 жыл бұрын

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

@knowel7138 3 жыл бұрын

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

@mro4ts457 3 жыл бұрын

Today Mr spaghetti shows us how to spot fake pasta

@iggyp06 3 жыл бұрын

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

@r3productioninstar3product39 3 жыл бұрын

THIS GUYS HAS THE GIFT OF THE GAB ALRIGHT LOL

@Murtydaking 3 жыл бұрын

It's crazy how the comments aren't about spaghetti or pasta for once 😂

@thegirthquake8574 3 жыл бұрын

Take a scroll, you'll be disappointed.

@Murtydaking 3 жыл бұрын

@@thegirthquake8574 ahah i must have just been early

@bartleskeet1623 3 жыл бұрын

Yup us spaghetti folks are slacking today we’re here just late

@tastefullynasty 3 жыл бұрын

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

@workingshlub8861 3 жыл бұрын

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..

@Valdismith 3 жыл бұрын

9:00 I guess they are doing it though Turo these days, which unfortunately is real strong competition for guys like you, who built proper business with years of work. Even though you showed the bad condition of the Turo rented black Mercedes, most people won't care the wheels are curbed, and the paint has scratches, under light from 6ft. The car still looks a shiny Mercedes from

@taelorwatson9822 3 жыл бұрын

It's funny when I saw this video suggested I immediately thought of getting some marinara perhaps some linguine. Ironic

@mattlawler8794 3 жыл бұрын

With regular car rental companies, they only keep the cars for a year or so then sell them. How long do the exotic cars stay in rental fleets? I would imagine that an exotic rental company could afford to replace all the cars every year. So, if they keep the cars at least 5 years, would the 5 year old car be cheaper to rent than the same make and model that is new?

@mobsquad7805 3 жыл бұрын

Why do most exotics I have rented in Las Vegas have out of state tags?? Is that to get around the insurance 🤔

@jeremyhanna3852 7 ай бұрын

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.

@glazedegyptian 3 жыл бұрын

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

@HAMMER8181 3 жыл бұрын

Lets hear it

@glazedegyptian 3 жыл бұрын

@@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 3 жыл бұрын

@@glazedegyptian def a good one

@Newbuddyzx1 3 жыл бұрын

Someone in AV is out of job in this holiday season

@ducknorris233 3 жыл бұрын

This is the same reason you see so many super small companies renting bounce houses for kids parties. The little guy can undercut the prices of a company that has legit insurance. And when a big claim happens the little guy is not worth suing and he will just start another bounce house rental company under his cousin’s name.