👟 Vessis early Black Friday sale is on now! Vessi is giving away a pair of socks of your choice to the first 100 shoes sold using my code SOCKSSSR. Get your style and size you want now before they sell out! Check out their Early Black Friday sale at vessi.com/SSR. Free shipping to CA, US, AU,JP, TW, KR, SGP. "Online Store"
I own 2 pairs of Vessi's and while they are pretty neat shoes, the black material is starting to fade into a white color and the company did not cover the defect so I will not be buying any more pairs from them. Just as a warning to others.
7:40 If the renter didn't have that in their insurance policy, then you should be suing the renter. There is no way you could win a judgment here if the insurance company is explicitly NOT liable.
Lawyer here. I am sure I am missing something here since you are an intelligent person and well thought out. But.... How did you incur $85,000 in fees? $400/hour (estimate!) translates to a whopping 212 hours, or 5 full weeks of work, which seems off. Why didn't you commit to a flat fee arrangement with your attorney or a success fee? You seem to be party to many legal issues. Why not have someone on retainer at this point? Any litigator could rep you in court and negotiate with the insurance companies out of court, so "out-house" counsel could be a great fit here.
Thanks Rob for providing all the reasons to stay out of the car rental biz, good model to keep competition low, but also, seems like it does suck, looks like 90% legal crap, 10% flash...it glitters but it isn't gold type stuff
It would be cool to get a video breaking down how their company makes money at all. Every exotic car rental agency in my area has shut down not too long after they started up. Can't rent exotics anywhere anymore unless I fly to Vegas.
@@Andrew.Prentice actually the problem here is greedy evil lawyers and greedy insurance companies. Do you think that is restricted to USA? you'd be daft!
Reminds me of how an insurance company wouldn’t cover an asthma med for my sister because it was like $600 a month, guys what my mother did? Every time my sister had an asthma attack she’d take her to the er to get said med costing the insurance company like +$1000 and the copay of like $20 for my mom, 4 visits in she gets a call asking why she’s visiting the er so much, my mom straight up says “to make you realize you made a bad financial decision””are you going to cover the meds? I’m a stay at home mom and I have all the time in the world” they approved it in the same call 🤣
Thanks for the update. Let us know how it goes if it goes to trial or settles. Absolutely amazing they rather do this than write the check. Make them learn their lesson Rob!
Can you seek punitive damages in New Jersey with a jury trial? Lawyers have weekly office meetings where they decide how long they're going to age a case and rack up "billable hours". They call it posturing.
Loss of use and diminished value .... either it's stipulated in the policy or it isn't. Also, no one is going to pay both biz expenses and income. If they paid for lost income, that's supposed to offset expenses partially. That attorney is probably overcharging at least 3x, and courts may or may not be sympathetic about that.
@@jamesr5741 Because Mr. Jackoff thinks his Huracan will be rented 24/7 and generates all this supposed rental income when it doesn't. Hence why the insurance company isn't paying out. They aren't idiots. This dude just wants to milk the insurance company. If people were making $250K on a single Huracan in this amount of time everyone would get into the business no matter the price of insurance or hassle. Why wouldn't you when you can basically have your cars paid in full within a year or two. See that? Doesn't make sense because its not how it works.
@@WHTMAN-ei7ik So you are just assuming that it wouldn't be rented every day. Now it's most likely not going to be rented every single day but you also can't exclude that option.
what if the insurance company cancels your insurance after the lawsuit is completed? i do not think the insurance company cares about legal fees. they are paying lawyers no matter what happens. so they want them to earn there fees.
It's even worse with warranty service that can get delayed often from incompetence, parts issues, logistics problems or some combination. You can end up with a business vehicle out for over a month after it initially being in for routine same day maintenance for fluids. No compensation for most warranty for loss of use as far as I know (let me know if there is something else that would cover it). That would be very useful to have. Doesn't even matter if you aren't a rental company for that. If you have specs and the loaner won't work or they have mileage restrictions/surcharges etc its an expensive problem.
I am always impressed how thorough and well thought out Bob’s business explanations are! But what really hit home were the legal fees and the bullshit of lawyers playing penpal between each other for $500 an hour not to get a F€¥£ing thing done. G’luck
What goes on with the maintenance/mechanical repair work side of supercars? What have been your most and least reliable supercars? Do you have any stories that come with talking about that stuff?
A particular bank paid $60k to recover a challenger that was out for recovery and was impounded for unpaid tickets. Whoever did the research on this particular car confused it with a Demon(vins, or pics idk). So after the $1,700 and change for tickets were paid they spent another $60k on a R/T scat pack wide body, that’s been driven poorly on the streets of the Bronx. Whenever I see a challenger on the road I wonder if the bank employee who Ok’d that still works there.
$80k legal fees on one car?? Seems like it might make sense to have in-house legal at that rate and how many times a year you post videos about suing insurance companies.
I hate insurance companies. Such a racket. Spent more than they needed to for no reason. You're the one with the loss here, so they should pay you off and go after their own customer.
3:47 you know something, that number the insurance company said they would pay I believe is what they think the market value is which is way less than the amount the vehicle was purchased at. Similar to what I seen in an old educational video with that robot from the Short Circuit movies about auto theft. Anyways, have a happy Thanksgiving
Oof. It's going to be very difficult to prove Bad Faith by the insurance company...they're going to say "Hey, we kept communicating with the plaintiff and his attorneys throughout the process, kept offering more and more money, and they wouldn't take yes for an answer."
Every time I see a Rob video and it ISN'T a 'how a customer crashed my car' video, I'm shocked. I swear Rob has to see Lamborghinis like Fiat 500s at this point, no other way to keep sane and run a rental business lol.
Hey Rob, probably not gonna see this but I'll say it anyways. If you are trying to incorporate multiple angles into your videos (good idea), try switching angles when you transition topics rather than cutting yourself off. Also, eye contact would be great with the camera being used aswell.
Hey Rob! I had a layover on Saturday from Dominican back to Canada via New Jersey. So naturally I rented a cheap Avis car because I’m poor, but spent my time driving to Gotham Dream Cars and being that awkward person taking a photo of the shop at 11pm hahaha.
@@Brett.McMillin 30.00 is a great deal, I was looking at cheapest and as a regular customer at the major rental companies they start at about 120.00 nuts I stick to my local small rental company.
It all comes down to state law... Insurance is one of the few things that functions as it should at a state level.... but tbh you lost all the value the minute you registered it as a rental... and stop with the bs about 100% utilization... you are not entitled to it.
The laws aren’t clear on what he is entitled to but to my understanding…they are required to make him whole. He has to prove how often he usually rents the car and what losses he has incurred. They accepted liability for the accident so they really don’t have much of a defense
@@johnnychimpo7539 and he will lose... he just released a video saying he will take a loss on 3 cars cause rentals slow down... loss of use is almost impossible to win if you can't prove utilization... especially 7 months post loss...
@@05AcuraRSXtypeS is it… I was just in an accident with my 2nd car. Like weekend/summer car. I got $1100 loss of use while they took a month or so to figure out it was totaled. They did say I would get cut off after a month or two if the car was repaired but I think that’s were the negotiations come in. Not giving someone loss of use when their car is a rental car that generates $2000 per rental day is insane. He should win easily but you never know
👟 Vessis early Black Friday sale is on now! Vessi is giving away a pair of socks of your choice to the first 100 shoes sold using my code SOCKSSSR. Get your style and size you want now before they sell out! Check out their Early Black Friday sale at vessi.com/SSR. Free shipping to CA, US, AU,JP, TW, KR, SGP. "Online Store"
First
Goofball paradise
I own 2 pairs of Vessi's and while they are pretty neat shoes, the black material is starting to fade into a white color and the company did not cover the defect so I will not be buying any more pairs from them. Just as a warning to others.
is every day a tragedy in your life???
What do you call 1000 lawyers at the bottom of the ocean............a start👍
Rob ur always trying to share with folks about the real reality of ur bussines of hi end car rental and ownership thank you sir
Lawyers never seem to loose…. I really enjoy your channel and the way you share real life situations. Thank You! Ric
No way the attorney actually did 85k in work.
7:40 If the renter didn't have that in their insurance policy, then you should be suing the renter. There is no way you could win a judgment here if the insurance company is explicitly NOT liable.
Lawyer here. I am sure I am missing something here since you are an intelligent person and well thought out. But....
How did you incur $85,000 in fees? $400/hour (estimate!) translates to a whopping 212 hours, or 5 full weeks of work, which seems off.
Why didn't you commit to a flat fee arrangement with your attorney or a success fee? You seem to be party to many legal issues. Why not have someone on retainer at this point? Any litigator could rep you in court and negotiate with the insurance companies out of court, so "out-house" counsel could be a great fit here.
Thanks Rob for providing all the reasons to stay out of the car rental biz, good model to keep competition low, but also, seems like it does suck, looks like 90% legal crap, 10% flash...it glitters but it isn't gold type stuff
Anyone that tells you it's all sunshine and rainbows is lying to you.
@@superspeeders I appreciate the honesty mr. spaghetti!
It would be cool to get a video breaking down how their company makes money at all. Every exotic car rental agency in my area has shut down not too long after they started up. Can't rent exotics anywhere anymore unless I fly to Vegas.
@@irdestroyer Launder money for mob and cartel in Vegas, start up hot chicken restaurants. lol
Robs weekly reminder to not start a rental company
And reminds us why us non Americans shouldn't emigrate to America.
@@Andrew.Prentice actually the problem here is greedy evil lawyers and greedy insurance companies. Do you think that is restricted to USA? you'd be daft!
Unless you are laundering money for the cartel and mob in Vegas 😗
That seems to be the case lol
Whats the place you dipped your feet in in the beginning, looks awesome
Video starts at 1:38
as usual
Reminds me of how an insurance company wouldn’t cover an asthma med for my sister because it was like $600 a month, guys what my mother did? Every time my sister had an asthma attack she’d take her to the er to get said med costing the insurance company like +$1000 and the copay of like $20 for my mom, 4 visits in she gets a call asking why she’s visiting the er so much, my mom straight up says “to make you realize you made a bad financial decision””are you going to cover the meds? I’m a stay at home mom and I have all the time in the world” they approved it in the same call 🤣
Thanks for the update. Let us know how it goes if it goes to trial or settles. Absolutely amazing they rather do this than write the check. Make them learn their lesson Rob!
Happy Thanksgiving Rob
Can you seek punitive damages in New Jersey with a jury trial? Lawyers have weekly office meetings where they decide how long they're going to age a case and rack up "billable hours". They call it posturing.
Loss of use and diminished value .... either it's stipulated in the policy or it isn't. Also, no one is going to pay both biz expenses and income. If they paid for lost income, that's supposed to offset expenses partially. That attorney is probably overcharging at least 3x, and courts may or may not be sympathetic about that.
$35k a year for insurance on the Huracan? Can you clarify if that’s the number or you misspoke?
Today the entitled spaghetti monster complains about a wrecked asset of his company.
And I thought every day was peachy??!
I work in insurance, settling with this guy would be a nightmare
Can you tell me "How so?.."
@@jamesr5741 Because Mr. Jackoff thinks his Huracan will be rented 24/7 and generates all this supposed rental income when it doesn't. Hence why the insurance company isn't paying out. They aren't idiots. This dude just wants to milk the insurance company. If people were making $250K on a single Huracan in this amount of time everyone would get into the business no matter the price of insurance or hassle. Why wouldn't you when you can basically have your cars paid in full within a year or two. See that? Doesn't make sense because its not how it works.
@@jamesr5741 you have 50 of these people at a time, when they don't settle it's more work you can't get off your plate
@@jamesr5741 Because insurance companies are utter scumbags.
@@WHTMAN-ei7ik So you are just assuming that it wouldn't be rented every day.
Now it's most likely not going to be rented every single day but you also can't exclude that option.
I work in Insurance Industry and makes me wonder what carrier this is! I’ve seen underneath the skirt of 5 different carriers 😅
Can you please post the itemized lawyer bill?
why
Today, Mr. Spaghettis $2000 spicy meatball costs him 200.000 noodles.
Did you ever think about putting in your rental contract clause that says they can't crash the vehicle?
Today Mr. Spaghetti tells us why his meatballs aren't being rented.
Rob meatball spaghetti went to Europe to put his foot in water instead he would have jumped in Hudson River and save him thousands
Today mr spaghetti tells us about how one customer really mushed his meatballs
i was about to write a comment including the word spaghetti. Now i don’t have to. Thank you.
My favorite spaghetti comment yet😭
Sometimes I only watch these videos just for the comments 🤣
This comment needs to be pinned .
@@Danny__D I only watch the videos for the first 3 mins to see what the mr spaghetti comment will mean when I read it
Take the 95k an become a lawyer lol 😂
What company do you use for your equipment lease?
what if the insurance company cancels your insurance after the lawsuit is completed? i do not think the insurance company cares about legal fees. they are paying lawyers no matter what happens. so they want them to earn there fees.
Good looking shoe but it rains here once every 4 months.
Will the insurance company have to pay robs attorney fees?
It's even worse with warranty service that can get delayed often from incompetence, parts issues, logistics problems or some combination. You can end up with a business vehicle out for over a month after it initially being in for routine same day maintenance for fluids. No compensation for most warranty for loss of use as far as I know (let me know if there is something else that would cover it). That would be very useful to have. Doesn't even matter if you aren't a rental company for that. If you have specs and the loaner won't work or they have mileage restrictions/surcharges etc its an expensive problem.
$35,000 to insure the Lambo? WOW! Makes my $2400 for my R8 seem reasonable. I know personal use is a lot cheaper than commercial.
$2400 a year for an Audi R8? That seems cheap lol
Full coverage? And in what state?
@@Hogdriva I have 5 cars and I don't pay that much a year for coverage.
When I had an R8 years ago it was a little over $100 a month, quote if I got a Ferrari F430 was about $150 a month.
Rental insurance…
Venice is beautiful
Seems like the sausage making machine business plan expects cars to be out of service for months.
How the f… does this guy still have insurance
4:01 $85K into lawyer fees?!?! Maybe Kanye was right! Just sayin'. :D
I am always impressed how thorough and well thought out Bob’s business explanations are! But what really hit home were the legal fees and the bullshit of lawyers playing penpal between each other for $500 an hour not to get a F€¥£ing thing done. G’luck
€85k for a lawyer?? To get loss of use on a 300k Lambo.
America is crazy.....
What goes on with the maintenance/mechanical repair work side of supercars? What have been your most and least reliable supercars? Do you have any stories that come with talking about that stuff?
A particular bank paid $60k to recover a challenger that was out for recovery and was impounded for unpaid tickets. Whoever did the research on this particular car confused it with a Demon(vins, or pics idk). So after the $1,700 and change for tickets were paid they spent another $60k on a R/T scat pack wide body, that’s been driven poorly on the streets of the Bronx.
Whenever I see a challenger on the road I wonder if the bank employee who Ok’d that still works there.
7:49 I.e. Uber/Lyft's business model- they rely on drivers being ignorant of the diminished value of the capital investment they've made in their car
Rob, this is your customer's insurance company, not your own, correct?
Correct
yes, 3rd party claim.
@@superspeeders why not have a policy to require your own coverage be used? Or is that not legal?
85k in legals 🤯
$80k legal fees on one car?? Seems like it might make sense to have in-house legal at that rate and how many times a year you post videos about suing insurance companies.
Usually it doesn't go this far. No idea why this insurance company has been so irrational from the onset.
Sounds like geico to me
I hate insurance companies. Such a racket. Spent more than they needed to for no reason. You're the one with the loss here, so they should pay you off and go after their own customer.
It costs you roughly 3 grand each month just to insure that one Huracan?
Sounds about the right rate judging from watching his videos lol. It is not some CEO's summer car lol.
How do you go about proving diminished value?
I’d recommend talking to the folks over at Collision Safety consultants and they could help out. See them post a lot about reminisced value and such
Doesn’t the renter usually have a coverage limit? This sounds beyond the limit
I think your lawyer is ripping you off.
I assume the loss of use was front the 3pc, not your insurance company?
Dammm 4500/mo
3:47 you know something, that number the insurance company said they would pay I believe is what they think the market value is which is way less than the amount the vehicle was purchased at. Similar to what I seen in an old educational video with that robot from the Short Circuit movies about auto theft. Anyways, have a happy Thanksgiving
Oof. It's going to be very difficult to prove Bad Faith by the insurance company...they're going to say "Hey, we kept communicating with the plaintiff and his attorneys throughout the process, kept offering more and more money, and they wouldn't take yes for an answer."
How do you have diminished value when the car is leased?
Value of the car still tank cause of the accident
Finally
oof
Where are those vessi shoes made and where is the company located/headquartered???
Keep them idiots in court till the end!!
You are a capable person, this business seems beneath you. Maybe it’s just my perspective after watching your videos.
Every time I see a Rob video and it ISN'T a 'how a customer crashed my car' video, I'm shocked. I swear Rob has to see Lamborghinis like Fiat 500s at this point, no other way to keep sane and run a rental business lol.
At the end of the day, the only winners are the attorneys.
Hey Rob, probably not gonna see this but I'll say it anyways. If you are trying to incorporate multiple angles into your videos (good idea), try switching angles when you transition topics rather than cutting yourself off. Also, eye contact would be great with the camera being used aswell.
Who cares u first
Hey Rob! I had a layover on Saturday from Dominican back to Canada via New Jersey. So naturally I rented a cheap Avis car because I’m poor, but spent my time driving to Gotham Dream Cars and being that awkward person taking a photo of the shop at 11pm hahaha.
Isnt an avis sub compact at least 120.00 per day, not so poor haha
@@CRAPO2011 I work part time at Avis so I got it for $30 haha
@@Brett.McMillin 30.00 is a great deal, I was looking at cheapest and as a regular customer at the major rental companies they start at about 120.00 nuts I stick to my local small rental company.
@@Brett.McMillin does Avis have fun things like a c8 Corvette?
@@CRAPO2011 not that I’ve ever seen. Most exciting thing I’ve seen for rent is a merc c class 😂
Insurance companies are either really good or really bad. They’ll regret dragging it out lol
It all comes down to state law... Insurance is one of the few things that functions as it should at a state level.... but tbh you lost all the value the minute you registered it as a rental... and stop with the bs about 100% utilization... you are not entitled to it.
The laws aren’t clear on what he is entitled to but to my understanding…they are required to make him whole. He has to prove how often he usually rents the car and what losses he has incurred. They accepted liability for the accident so they really don’t have much of a defense
he said multiple times in the video he wasnt even trying to get loss of revenue
@@winnengel6774 he’s definitely going for loss of use
@@johnnychimpo7539 and he will lose... he just released a video saying he will take a loss on 3 cars cause rentals slow down... loss of use is almost impossible to win if you can't prove utilization... especially 7 months post loss...
@@05AcuraRSXtypeS is it…
I was just in an accident with my 2nd car. Like weekend/summer car. I got $1100 loss of use while they took a month or so to figure out it was totaled. They did say I would get cut off after a month or two if the car was repaired but I think that’s were the negotiations come in. Not giving someone loss of use when their car is a rental car that generates $2000 per rental day is insane. He should win easily but you never know
So what happens to the customer in this case? Its just between you and the insurance company now?
We all know your feet got soaked lol
Noti gang
First
- 👍 👍 🔧 - 👀 ❤🤍💙
Happy Thanksgiving
I would work for Rob having him tell me to do whatever he wants. I just wanna learn his ways 😮
sus 🤨
@@mentals555 sus is you liking the comment
Tldr: 1 day renter crashed my lambo
Also lose of use
When it would be stored
Is where spaghetti makes his money, by pretending it would have been rented while it is fixed
@@ixyzyxi “lose of use” k
Video starts at 1:38
Thanks for killing his business model while he’s doing a video on losing money. You must be like the driver.