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.
"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.
FINALLY someone on TH-cam 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...
@@ななころび 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?
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.
@@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 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
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."
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.
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 😆
Sir Ed, I regret to inform you that I do not currently own a domicile of my own, or any other product needing insurance. unfortunately I rent from a local to put me up. it is therefore not possible for me to have "homeowner's insurance". I also do not posses anything qualified as collateral for a reverse/fixed/otherwise mortgage plan. while I enjoy greatly the stories you and your compatriots post on TH-cam I can not currently support you on means other than the ad revenue built into TH-cam's website/mobile/other platforms.
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) :)
ya its a ballooning of costs, also in the uk the ambulance ride and emergency room visit is "free" (paid for by government)... In the US its not so when everything gets added together it adds up quickly.
@@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.
I wonder what would have happened if all the car "enthusiasts" who wanted to make it a "career", had, instead actually paid attention in high school and gotten a decent education. This kind of thing is exactly what poor, uneducated people do. (Or Donald Trump) The long shot money maker. The hail mary, ill conceived, "let's start a business!" without knowing anything about business. One reason most rich people are rich is because they don't do stupid shit like this. They think long term, they plan, and they don't invest in get rich quick schemes. Things like exotic car rental shops and auto detailing shops, are things that people who gave themselves no options early in life, try to do. (obviously there are some exceptions....before the sensitive snowflakes start whining)
"Progressive" Me: fuckin ouch. They dropped me for hitting a deer while out of my State of residency. Wouldn't even cover a tow from the side of the freeway in Utah. Only previous claim against my policy was a coyote in Nevada two years earlier.
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?
Come on Rob, how is a guy supposed to live the high-roller lifestyle if he follows all the rules. You gotta look like you are worth millions and have some cool shades and a 'ghini to lean on to score the best insta-chicks. You are making this out to be a job man, not cool.
This guy gives me super gross vibes. I'm willing to bet he's the "expert" because he's the worm who's been in all of these wormholes himself. Guarantee he gets caught for some sort of Ponzi scheme or something at some point. 😂
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..
I feel like royalty exotics would be a great candidate for insurance fraud lol even though they seem some what legit. I just get that vibe from him lol IMO. No offense
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.
I dont have money to rent an exotic snake let alone a car.. but I would sure want insurance in place in case something went wrong.i also drive very carefully. So what can I do with that exotic car. Cant track it. Cant drive it like an idiot.
Pretty smart. They own zero inventory and there for have zero liability or over head. Simply a supplier to the consumer thru third party. Make ur cut and dip!
Yes. Running a company can be a pain in the ass. Like pulling teeth. But it can also be very rewarding. I’m being groomed to take over the family business. Wait til you start ensuring container ships and ocean going tugs, platform supply vessels. 😔😮😭😫. 😂😂😂
![ลองสั่งของจากแอพ temu ถูกจริงหรอ?? [โกงไหมครับ ep.88 ] | DOM](http://i.ytimg.com/vi/RTcZSQTiDZw/mqdefault.jpg)
Gotta love that delayed bleep when Rob said shitshow, lmao
And the unsynchronized outro ad-read
That was the funniest part of the video
so good
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.
@@joemama38 0a
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.
Damn
I guess that means youre the Rent Boys?
@@mycosys Yea at one point he was.
You always have interesting videos. I learn something every time I watch.
Ed's the kind of guy to--
Shit, wrong channel
Today Rob Spaghetti explains how people try to sell him their meatball recipes even though Mr. Spaghetti already has the best recipe.
Stop. It hasn't ever been funny
@@HaydenKink yeah kinda beating a dead horse by now.
I like it
@@radude4763 I like it too.
I missed these jokes.
Thanks mate
Fraudsters hate him for this one weird trick to running a legit business.
"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.
how is your day guys?
Thanks for all of the great content! Keep it up, Ed 👍
jeeze, Rob is so cringy....
Who is checking the audio sync is something you should ask of your video editors too ;)
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
he posts weekly on his channel
Rob, Mr. Superspeeders himself
He post almost every day
The fraud bois not boutta like this one 🤣
“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
Mic drop. Lol
9:46 lol editor missed the beep... must've been off the WhistlePig
The guy in charge of bleeping has the reaction time of a koala 🐨 bear
What about a lazy orangutan 🦧?
9:47 that delayed bleep audio haha
Either audio sync was off for the Ed’s commercial at the end of the video or I started drinking to early.
Thought I was the only one lol
FINALLY someone on TH-cam 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...
Is it just me or he sounds kinda like bill burr?
He's car Bill Burr for sure.
"Welkome to Gawthum Street Cawz!"
Similar pace and cadence, voice isn’t similar
I just use my personal insurance for my exotic car rental business.
Never had a problem in 10,000 rolled back miles.
How are customers covered with your name on the policy?
@@ななころび They aren't.
@@ななころび 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?
Oh i knew this would be Rob just by the title.
lol
Whom else would it be tho...???😅
@@MrMaxyield No idea, but when I posted it I was thinking he was going to talk about odometer cheating.
He mentions Miami and I had to laugh! What I like about Miami is that it’s so close to the United States.
Man I love these videos from Rob. He definitely has been around the block and his free business lessons are always entertaining.
Good ol Mr. Spaghetti talking about people trying to take his meatballs without paying.
Or do what Royalty Exotics does charge your insurance company for preexisting damages to the vehicle that was there before you drove it
Ed, did you re-record the policygenius ad audio, then dub it over the old ad footage and think we wouldn't notice? lol
It was off by a solid second and a half 😂
The audio was off from the video
My first time driving a Ferrari was with Gotham. Awesome experience and awesome people!
Always good seeing Rob Ferretti back on here, The guys a legend!
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.
Rob's brother is currently serving a 5 year prison sentence for vehicular homicide. That's a big insurance claim for sure!
@@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.
@@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
@@HUTCH993 That’s horribly tragic, but what again does this have to do with what I said?
@@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
Rob spaghetti gotta love this guy. He tell you everything no one wants to hear but must be said. Stand up man for sure
Today on Vinwiki, Rob Spaghetti talks about the average business owner in his native homeland of New Jersey.
When Rob talks, it reminds me of the kid on the little league team that drinks Gatorade by shoving his lips into the bottle
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."
That beep was on its own timeline in the editing bay. LOL.
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
Wow, there's some real sound advice and food for thought in this video about starting any business really! Great video!
I sense a re-upload. Sound is waaaaaay out on the outro
It is
Love the videos Ed!!!
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.
that’s not what happened whatsoever
watch the movie “the big short” it’ll explain what actually went down
Very insightful. Especially the why you start a business part at 7:50
Someone in AV is out of job in this holiday season
@1:40 He says"INSURANCE FRAUD" and an insurance ad pops up.🤔
Clicked on this automatically thinking about that exotic car hire race track in las vegas 😂😂😂😂
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 😆
That 9:45 delayed beep is fantastic
Today, Mr. Spaghetti educates us on why it's important to have genuine meatball insurance.
Sooo did Ramon get his car fixed?
Thanks Ed, Rob is a very experienced man in exotic cars and we all benefit from his experience.
Today Mr. Spaghetti explains how to get a few extra meatballs out of your policy
It's crazy how the comments aren't about spaghetti or pasta for once 😂
Take a scroll, you'll be disappointed.
@@thegirthquake8574 ahah i must have just been early
Yup us spaghetti folks are slacking today we’re here just late
Great watch!! Always love seeing Rob on the channel!
I really like these videos, super interesting info, this and stuff about sales and leases and stuff
Today Mr spaghetti shows us how to spot fake pasta
“Cant rent a car you dont own” didnt you rent a Merc off Toro to rent to a film shoot ?
From his perspective he was saying, you cannot rent (out) a car you don't own.
Woah guys...dont bring me into this 😵
From an insurance perspective in Atlanta, listening to Rob and Ed explains a lot...
Today Rob Spaghetti tells us how meatball businesses avoid paying for their beef
Who else learns more from VINwiki than school?
Aaaahhhh yea boy mr spaghetti on a Monday morning
Company in Boston...who was it?!?!?!
Sir Ed, I regret to inform you that I do not currently own a domicile of my own, or any other product needing insurance. unfortunately I rent from a local to put me up. it is therefore not possible for me to have "homeowner's insurance". I also do not posses anything qualified as collateral for a reverse/fixed/otherwise mortgage plan. while I enjoy greatly the stories you and your compatriots post on TH-cam I can not currently support you on means other than the ad revenue built into TH-cam's website/mobile/other platforms.
This video > every other VINwiki video because of poor editing. Do this more often ❤️😂
Mr pasta just f..ked his competition..
Up next...
Hoovie's Exotic Car Rental
People are saying the audio is off at the end, but Ed did it on purpose, for subliminal ad effects.
Swift Exotics in NY rents out Mod2Fames Hellcat Redeye, I wonder what the deal with that is....
In this episode, Mr. Spaghetti tells you how 15 minutes could save you 15% or more on car insurance.
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) :)
So, Rob's "beep" was on the same audio track as Ed's sponsor promo, eh? 😏
2.5 million for injuries?
In the UK you might get 10k 🤣
ya its a ballooning of costs, also in the uk the ambulance ride and emergency room visit is "free" (paid for by government)... In the US its not so when everything gets added together it adds up quickly.
Yea it's not 2.5 million for 3 people. Anywhere from zero to 10k per person is the usual but that really depends on location.
Its so nice when you have one of your friends that is actually classy. Mr Spaghetti is the best. As opposed to Doug T
My dream is to tell my crazy dealership experiences when I was working for Taggart Cars & Porsche
Lets hear it
@@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.
@@glazedegyptian def a good one
Remember when this guys channel was good?
Rob really knows A LOT about this insurance fraud... hmmmmm... hahaha
Used to watch mr spaguetti long time ago, good to see him in this channel, he always has nice content :)
real propper shitshow........................beep
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
Am I missing something? I love how Rob explains things and haven’t seen him on this channel for a long time!
I wonder what would have happened if all the car "enthusiasts" who wanted to make it a "career", had, instead actually paid attention in high school and gotten a decent education.
This kind of thing is exactly what poor, uneducated people do. (Or Donald Trump) The long shot money maker. The hail mary, ill conceived, "let's start a business!" without knowing anything about business.
One reason most rich people are rich is because they don't do stupid shit like this. They think long term, they plan, and they don't invest in get rich quick schemes.
Things like exotic car rental shops and auto detailing shops, are things that people who gave themselves no options early in life, try to do. (obviously there are some exceptions....before the sensitive snowflakes start whining)
"Progressive"
Me: fuckin ouch.
They dropped me for hitting a deer while out of my State of residency. Wouldn't even cover a tow from the side of the freeway in Utah. Only previous claim against my policy was a coyote in Nevada two years earlier.
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?
I feel like the majority of exotic rentals in LA don’t own their fleet. How is this possible!? 🤨
Shady Mcshae, just explained how he's ripped of insurance companies. Don't record your crimes and do doctor evil hands. "RIGHHHHT"
Come on Rob, how is a guy supposed to live the high-roller lifestyle if he follows all the rules. You gotta look like you are worth millions and have some cool shades and a 'ghini to lean on to score the best insta-chicks. You are making this out to be a job man, not cool.
This guy gives me super gross vibes. I'm willing to bet he's the "expert" because he's the worm who's been in all of these wormholes himself.
Guarantee he gets caught for some sort of Ponzi scheme or something at some point. 😂
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..
How about Lloyds of London?
I feel like royalty exotics would be a great candidate for insurance fraud lol even though they seem some what legit. I just get that vibe from him lol IMO. No offense
Very informative. But.... I've been through alot more. A lot more. You're only scratching the surface.
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.
The amazing snowplow speculatively turn because coke inferiorly close sans a youthful august. orange, steadfast velvet
I dont have money to rent an exotic snake let alone a car.. but I would sure want insurance in place in case something went wrong.i also drive very carefully. So what can I do with that exotic car. Cant track it. Cant drive it like an idiot.
In Miami, this is what MPH Club does, rent other people's cars. Clearly an odd business model if you think about it.
Pretty smart. They own zero inventory and there for have zero liability or over head. Simply a supplier to the consumer thru third party. Make ur cut and dip!
It's called brokering. Like the comment above me. A really smart idea if you knew anything about the business world.
Wanna get rich quick, run a legitimate business.
Home insurance company sponsoring an episode about possibly fraudulent insurance for exotic cars, Amazing.
Yes. Running a company can be a pain in the ass. Like pulling teeth. But it can also be very rewarding. I’m being groomed to take over the family business. Wait til you start ensuring container ships and ocean going tugs, platform supply vessels. 😔😮😭😫. 😂😂😂
Awesome video... thank you
The core of every business is TRULY Insurance. If you need help with yours, PM me for help.
“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.
8:00 decent career-oriented analysis of selling companies
The puny legal contradictorily brake because zoo canonically earn qua a wary fruit. capable, big teller
Bolian
Ficarra
Ferretti
Pitts
Tabbutt
and maybe Temerian
I get charged 25k/year/truck for commercial car hauling insurance. Its about to go to 45k. So many frauds in trucking
Private profit, socialised insurance? I though this was America?
Thanks for another interesting and informative video
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